First National Bank (CaΓ±on City, CO)

Episode Information

Episode UID
387901123
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
38790 national
Charter Number
3879
Start Date
July 20, 1893
Location
CaΓ±on City, Colorado (38.442, -105.221)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
67697a901519014d

Response Measures

None

Events (3)

1. May 5, 1888 Chartered
Source
historical_nic
2. July 20, 1893 Suspension
Cause
Correspondent
Cause Details
Suspended because its Colorado correspondent was temporarily embarrassed and could not furnish ready currency; strain on resources forced suspension.
Newspaper Excerpt
Notice was posted on the windows that owing to the temporary embarrassment of the Colorado correspondent of the bank the strain on the resources and inability to furnish ready currency the bank directors had decided to suspend payment.
Source
newspapers
3. August 29, 1893 Reopening
Newspaper Excerpt
The First National bank, which closed its doors about a month ago, opened again this morning. The showing made by the institution is one of the best made by the recently suspended banks.
Source
newspapers

Newspaper Articles (25)

Article from San Antonio Daily Light, July 20, 1893

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Effected by Denver. DENVER, Colo., July 20.-The First National banks at Canon City and Grand Junction, this state, failed to open their doors this morning. It is probable that the failures were caused by the suspension of the Denver banks.


Article from The Jersey City News, July 20, 1893

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ONE MORE DENVER BANK GONE. DENVER, July 20, 1893.-First National Bank at Canon City and Grand Junction, this State, failed to open its doors this morning. It is probable the failures were caused by the suspension of the Denver banks.


Article from The Waco Evening News, July 20, 1893

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Colorado Banks Close. By Associated Press to The News: DENVER, Col., July 20 - The First National Banks at Canon City and Grand Junction, in this state, failed to open their doors this morning. It is probable the failures were caused by the suspension of the Denver banks.


Article from The Wheeling Daily Intelligencer, July 21, 1893

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Failed to Open. DENVER, July 20.-First national banks at Canon City and Grand Junetion, this state, failed to open their doors this morning. It is probable the suspensions are caused by the failure of the Denver banks.


Article from The Morning News, July 21, 1893

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Two Colorodo Banks Closed. Denver, Col., July 20.-The First National banks at Canon City and Grand Junction, this state, failed to open their doors this morning. The failures were caused by the suspension of the Denver banks.


Article from Fort Worth Gazette, July 21, 1893

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Canon City Bank. DENVER, COL., July 20.-The First National banks at Canon City and Grand Junction, this state, failed to open their doors this morning. It is probable the failures were caused by the suspension of Denver banks.


Article from The Salt Lake Herald, July 21, 1893

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Canyon City Bank Suspends. CANYON CITY, July 20.-The First National bank in this city did not open today. Notice was posted on the windows that owing to the temporary embarrassment of the Colorado correspondent of the bank the strain on the resources and inability to furnish ready currency the bank directors had decided to suspend payment. Its assets are ample to more than meet the liabilities.


Article from The Portland Daily Press, July 22, 1893

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STILL TOPPLING. Small Colorado Banks Feel the Effects of the Panic. GRAND JUNCTION, Col., July 21.-The First National bank failed to open its doors yesterday. A notice posted on the door stated liabilities to be $50,000; assets $108,000, leaving a balance of $58,000 in favor of the bank. The depositors were further informed that no one would lose a penny, and that the bank would reopen as soon as it could realize upon its securities. CANON CITY, Col., July 21.-The First National bank suspended yesterday, owing to the failures of Denver banks with which it had accounts. Assets $108,000; liabilities $50,000. COLORADO SPRINGS, Col., July 21.The banking honses of J. B. Wheeler & Co. at Colorado City and Manitou, whose branch at Aspen closed Wednesday, failed to open their doors yesterday. The assets of the Manitou bank are $114,000. The liabilities are $84,000. All depositors will be paid in full.


Article from Daily Kennebec Journal, July 22, 1893

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Business Complications. Flanders' dry goods house, Denver, has assigned. The Union Stock Yards company, San Francisco, was attached. The Northern Manufacturing company, Ashland, Wis., has assigned. The First National banks of Canon City and Grand Junction, Colo., have failed. The Union bank and the Greeley National bank of Greeley, Colo., have closed.


Article from The State Herald, July 28, 1893

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Outside of Denver, A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterting. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of ManItou and Colorado City, and the First National of Grand Junetion.


Article from The Times, July 28, 1893

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'he News Condensed. Important Intelligence From All Parts. DOMESTIC. IN Colorado the J. B. Wheeler Bank g company at Aspen, the Bank of erling at Sterling, and the Bank of veland at Loveland, have assigned. JOHN SWARTOUT. of Morrison, Ill., eted for the murder of hisfather, jail of consumption. THE Milburn wagon works at Toledo, , employing 1,500 men, the largest itution of its character in the United ates, closed down for six months. MRS. CONRAD VEILHAM, of Tonawan , N. Y., has fallen heir to $4,000,000 rough the death of an uncle in India DURING the twelve months ended ne 30, 1893, the number of immigrants riving in the United States was 497, 3,and during the corresponding period the preceding year 619,320 arrived. A FIRE at Susanville, Cal., resulted e destruction of sixty buildings and used a loss of about $250,000. CoL. BENJAMIN F. JOHNSON, one of e leading attorneys of Kansas City, an., was shot down in the streets and stantly killed by A. W. Little, one of e most prominent citizens of the wn. Financial trouble was given canse. e AN incendiary fire at Greenville, Miss., used a loss of $100,000. THE National bank at Hutchinson, in., failed with liabilities of $131,000 d the Bank of Parker and the Woodn bank of Yates Center, in the ate, closed their doors. THREE sons of Mr. Lave, of Gregg unty, Tex., robbed their father of 2,000 and fled. Two were caught. LIGHTNING killed James Witts' two ildren while they were standing un r a tree during a shower at Sadlers lle, Tenn. THE pension office in Washington tes that the total number of penners dropped from the rolls since arch 4, 1893, was 245, and that the tal number of pensioners suspended ce March 4, pending a further invesration of their cases, was 5,090. IN a freight wreck near Jonesboro, ., Engineer Ben Wade, Fireman Joe mmis and Brakeman J. W. Marshall ere killed. BANK failures were reported as fol ws: First national at Harrisonville o., Oklahoma national at Oklahoma, rst national at Anthony, Kan., Bank Belleville, Kan., First national reeley, Col., National at Grand June on, Col., First national at Cheyenne, yo., and First national at Canyor ty, Col. OVER 30,000 men were idle in Colo do as a result of the closing down of ver mines, and it was feared that eat suffering would follow. IN territory near Toledo, O., aban ned thirty years ago as practically orthless, oil has been struck in im ense quantities. By the explosion of a gasoline stove ar Cincinnati John Ulrich, wife ild were fatally burned. THREE men were burned to death by dden flow of ignited oil at wells O ADVICES from Pittsburgh, Pa., at the plate glass trust has collapsed d that the many idle factories roughout the country will resume erations. THE Flanders dry goods house enver failed for $125,000. and will of the late Anthony


Article from The Meeker Herald, July 29, 1893

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Outside of Denver. A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterling. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of Manitou and Colorado City, and the First National of Grand Junction.


Article from Arizona Weekly Citizen, July 29, 1893

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TELEGRAPHIC. DENVER, Colo., July 20.-There will be no more bank failures here now. The panic wore itself out yesterday. Scarcely a dozen depositors were at the paying tellers' windows at the remaining banks at the opening this morning, while at the receiving tellers' windows of several strings of depositors reaching nearly to the street were lined up. Money is going back into the bank vaults almost as fast as it went out in the past three days. There may be a few commercial failures in the next few days as the result of the bank failures, but it is believed there will be no bad ones. It is stated that the McNamara dry goods house, which failed Monday, settled with the principal creditors and will resume next Monday. TWO MORE COLORADO BANKS. DENVER, July 20.-Word has just been received that the First National banks at Canon City and Grand Junetion have failed. No particulars. The Flanders dry goods house, occupying five stores, five stories high, was attached this morning. Assets are estimated at $200,000; liabilities, $125,000. ECKELS TO THE RESCUE. WASHINGTON, July 20.-Comptroller Eckels has informed the national bank examiner at Denver that he will lend every assistance to closed Denver banks to enable them to resume business. FRESNO, Cal., July 20.-The Heath case was given to the jury this morning. This afternoon the jury is still out and belief is growing there will be no ver dict. CARDIFF, July 20. The British steamer Blue Jacket. from Marseilles, arrived here today with cholera on board and was ordered to quarantine. The Blue Jacket sailed from Kertoh, in the Crimea, on June 24. BUZZARD'S BAY, July 20.-President Cleveland and party, on board the yacht Oneida, arrived here this afternoon. The president said he WAS in splendid health and that his rheumatic trouble had entirely disappeared. SAN FRANCISCO, July 20.-A number of horses which belonged to the late Senator Hearst were sold at auction yesterday. King Thomas, for which Senator Hearst paid $38,000 &8 8 yearling, a few years ago, was sold for $750. SAN FRANCISCO, July 20.-The sealing schooner Czarina arrived last night from Sand Point, Alaska. Her captain says that on June 25, the date when the Mohican was supposed to have been disabled by the steam sealer Alexandria, the war ship was lying at Sand Point, uninjured. Nothing was said about the fight with the Alexandria. TIEN TSIN, China, July 20.-Information from Peking is to the effect that China will support Siam against France. Siam for many years has paid a tribute to China as a matter of custom only Chinese interference adds a most interesting feature to the dispute and may result in a modification of the French demands. SAN FRANCISCO, July 20. - United States Circuit Judge McKenna, who was nominated as one of the executors of the late Senator Stanford's estate, in case Mrs. Stanford resigned or became incapacitated, has filed a document in the superior court decli ing declining to act in that capacity. He gives as his reason that it might be deemed incompaiable with his office of circuit judge to maintain a relationship that would give ground for comment in case he should participate in the hearing of cases where the Southern Pacific company or the Stanford estate held interests. CHICAGO, July 20.-The following is self explanatory: JAMES H. ECKELS, Comptroller of Currency, Washington D. C. If the Associated Press reports you correctly you have grossly insulted the state of Washington in your speech before the Union League club last evening. The bank failures in our state have fallen far below those of many central, eastern and southern states. Kindly furnish the Associated Press immediately with a recapitulation of the national bank failures in the last ninety days. Our young state asks for justice. C. V. CALROUN, PERRY W. ROCHESTER, World's fair commissioners from the state of Washington. BOISE City, Idaho, July 19.-Leland Stanford, nephew of the late Senator Stanford, has turned up in Owyhee county. He has received notice that he has inherited $100,000 from his uncle. It 18 said he incurred his uncle's dis pleasure some years ago by contracting a marriage distasteful to is family and since then he has had no communication with his relatives. PHOENIX, Ariz., July 19.-Harry M. Bissell, aged thirty-two years, committed suicide here this morning by swallowing carbolic acid. He was a well known young man of Phoenix both socially and in a business way, having been connected with the sewer and electric light company and with the Hartford bank, bolding the position of business manager in the first and that of director and secretary in the other two. Late business troubles had weighed heavily upon his mind. He consulted hisflawyer Tuesday and was encouraged to maintain his position as it was by no means perilous. The next morning he chatted pleasantly with a friend. Ten minutes thereafter he was found dead, lying diagonally across his bed. DENVER, Col., July 19.-Senator Tel ler in an interview upon the financial situation in this city, says: "There is no one reason to which the trouble can be changed. It is partly silver, but OWing to the general depression, affecting the entire country. The bank failures of yesterday were unwarranted, and are directly chargeable to the people who become frightened and panic str cken. There is nothing less fair than to blame n all our ills to silver. It is much better to blame some of the silver speakers. Such unbridled language and excited


Article from Santa Fe Daily New Mexican, August 30, 1893

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Looks Better. DENVER, August 30.-The German National bank reopened its doors for business at the regular hour yesterday. This is one of the oldest banks in the west and one of the last to suspend during the July panic. The First National Bank of Canon City also reopened.


Article from The Anaconda Standard, August 30, 1893

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Denver's Banks Reopening. DENVER. Aug. 29.-The German Na. tional bank reopened its doors this morning and received large deposits. The other two failed national banks expect to resume this week. CANON CITY, Colo., Aug. 29.-The First National bank. which closed its doors about a month ago, opened again this morning. The showing made by the institution is one of the best made by the recently suspended banks.


Article from The Herald, August 30, 1893

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Colorado Banks Resuming. DENVER, Aug. 29.-The German National bank reopened its doors this morning, and received large deposits. the other two failed national banks expect to resume this week. CANON CITY, Colo., Aug. 29.-The First National bank which closed its doors about a month ago, opened again this morning. The showing made by the institution is one of the best made by the recently suspended banks.


Article from St. Paul Daily Globe, August 30, 1893

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Another Bank Open. CANON CITY, Col., Aug. 29.-The First National bank, which closed its doors about a month ago, was opened again this morning. The showing inade by the institution is one of the best made by the recently suspended banks.


Article from The Seattle Post-Intelligencer, August 30, 1893

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Another Colorado Bank Reopens. CANYON CITY, Col., Aug. 29-The First National bank, which closed its doors about two months ago, opened again this morning. The showing made by the institution was one of the best made by the recently suspended banks.


Article from St. Paul Daily Globe, August 30, 1893

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Another Bank Open. CANON CITY, Col., Aug. 29.-The First National bank, which closed its doors about a month ago, was opened again this morning. The showing made by the institution is one of the best made by the recently suspended banks.


Article from The Evening World, August 30, 1893

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Banks Authorized to Resume. WASHINGTON. Aug. 30.-The following National banks, which recently suspended payment. were permitted to reopen their doors for business yesterday: The German National Bank and the State National Bank. of Denver; the First National Bank of Canon City, Col.: the Louisville City National Bank and the Merchants' National Bank. of Louisville, Ky.: the First National Bank, of Ashland. Wis.. and the First National Bank, of Platteville, Wis.


Article from The Salt Lake Herald, August 30, 1893

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A Canyon City Bank Resumes. CANYON CITY, Colo., Aug. 29.-The First National bank, which closed its doors about a month ago, opened again this morning. The showing made by the institution is one of the best made by the recently suspended banks.


Article from The Representative, August 30, 1893

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More Denver Banks Resume. DENVER, Aug. 30.-The German National bank of this city and the First National bank of Canon City, which closed during the recent panic, have resumed business.


Article from Red Lodge Picket, September 2, 1893

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More Denver Banks Resume. DENVER, Ang. 30. - -The German National bank of this city and the First National bank of Canon City, which closed during the recent panic, have resumed business. CHARTER GRANTED.


Article from The Princeton Union, September 7, 1893

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IN GENERAL. The First National Bank of Canon City, Colo., has failed. The pay of all the employes of the Big Four road will be cut. Special sessions of the legislatures of Washington and Montana will not be held to elect United States senators. John H. O'Connor has been appointed receiver for the Algiers Brewing company, New Orleans. Machinists on the Louisville & Nashville road decided to strike against a cut in pay. The Chicago & Northwestern road has declared a quarterly dividend of 1 1-4 per cent. Missouri Populists, in convention at Macon, demanded the free coinage of silver and more legal tender paper. Southern members of the Epworth league threaten to secede unless their Northern brethren bar the negroes. Seven and a quarter miles in 13 3-4 minutes is the record made by the steam yacht Feiseen in New York waters. Another Catholic church dispute has been settled. Mgr. Satolli has informed Father Malone of Colorado that he must obey Bishop Motz's authority. Fears are entertained of further trouble in the Kansas mining district. The men are arming and are threatening. Rachel Handysides of Dubuque, Iowa. has commenced a breach of promise suit for $10,000 against Dr. Guthrie, professor of gynaecology in the Iowa state university.


Article from The Farmers' Union, September 7, 1893

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Telegraphic Clicks. THE Denver Post has suspended publication. THE First National Bank of Canyon City, Col., has failed. THE pay of all the employes of the Big Four Road will be cut. STRIKING coal miners at Leavenworth declare strike at end. THIRTY-TWO new cases of cholera were reported at Nantes in one day. THE steamer Elbe brought $450,000 in gold from London to New York