Stock Growers National Bank (Cheyenne, WY)

View Charter #2652 on SPMC View balance sheet

Episode Information

Episode UID
265201499
Episode Type
Run Only
Bank Type
national
Bank ID
26520 national
Charter Number
2652
Start Date
November 13, 1924
Location
Cheyenne, Wyoming (41.140, -104.820)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f1db57961dd664dc

Response Measures

Accommodated withdrawals

Events (2)
1. April 3, 1882 Chartered
Source
historical_nic
2. November 13, 1924 Run
Cause
Rumor Or Misinformation
Cause Details
A 'bank closed' sign (holiday) was misinterpreted and a railroad worker spread a false rumor that the bank was insolvent.
Random Run
Yes
Random Run Snippet
Bank closed sign misread; rumor of insolvency proved unfounded
Measures
Kept the bank open until 6:00 p.m. to accommodate depositors.
Newspaper Excerpt
A simple bank closed sign placed in the window of the Stockgrowers' National bank here Monday resulted in a mild run on the bank when it opened for business Wednesday morning.
Source
newspapers

Newspaper Articles (2)
1. November 13, 1924 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, November 13, 1924

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Article Text

Closed-for-Holiday Sign Starts Run On Cheyenne Bank CHEYENNE, Wyo., Nov. 13. — A simple "bank closed" sign placed in the window of the Stockgrowers' National bank here Monday resulted in a mild "run" on the bank when it opened for business Wednesday morning. The sign, either inadvertently placed in the window by an employee of the bank or in anticipation of Armistice day, caused a railroad worker to spread the rumor among his fellow employees that the institution, considered the strongest in Wyoming, was insolvent. A line of depositors extending well into the street was on hand this morning to withdraw their money as the aftermath of the unfounded report. Rather than attempt to refute the canard, amused bank officials kept the bank open until 6:00 o'clock tonight to accommodate depositors. Just prior to closing, however, the waiting line had dwindled to a few persons. It is understood officials of the bank are attempting to locate the railroad employee, since a rumor of this kind is a penal offense in this state.

2. November 21, 1924 The Dolores Star Dolores, CO
Article from The Dolores Star, November 21, 1924

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Article Text

CONDENSED RECORD OF THE PROGRESS OF EVENTS AT HOME AND ABROAD FROM ALL SOURCES SAYINGS, DOINGS, ACHIEVE. MENTS, SUFFERINGS, HOPES AND FEARS OF MANKIND WESTERN California has adopted a constitutional amendment providing for a poll tax of $5 on every male inhabitant between the ages of 21 and 50, except war veterans and persons paying real or personal property taxes. Initiative measure legalizing twelve-round boxing contests and creating state athletic commission to supervise boxing and wrestling contests has also been adopted. Three persons lost their lives in the waters of the main canal of the Yuma irrigation project near Yuma, Ariz., when their automobile plunged over an embankment and was swallowed in the stream. Three others riding in the machine narrowly escaped death. The dead are: Mrs. D. J. Upchurch of Yuma, Ariz., and her two children, Loraine, 16. and Edward, 5. The accident occurred across the Colorado river on the California side. A sign reading. "Bank Closed," and meaning for the holiday only, was misinterpreted by a number of depositors of the Stockgrowers' National Bank at Cheyenne, Wyo., resulting in a brief "run" on the institution. Bank officials coming to work found a long line of depositors waiting to withdraw their money. An explanation of the sign was made and the situation relieved. The sign was inadvertently placed in the window by a bank employee. Struck by one of her own torpedoes when the gyroscope developed some trouble. the torpedo destroyer Paul Hamilton received a damaged propellor strut during target practice off the port of San Diego, it was learned from Commander Harry Bogusch, secretary to Admiral Frank Schofield, commander of the destroyer squadron of the battle fleet. According to Commander Bogusch, the torpedo from the Paul Hamilton made what is called a "curved run," that is, after being fired, I it circled in the water and came back 1 toward the ship.