First National Bank (Raton, NM)

View Charter #4734 on SPMC View balance sheet

Episode Information

Episode UID
473401253
Episode Type
Run Only
Bank Type
national
Bank ID
47340 national
Charter Number
4734
Start Date
May 11, 1904
Location
Raton, New Mexico (36.903, -104.439)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e6abc8a593531d66

Response Measures

Public signal of financial health

Events (3)
1. April 26, 1892 Chartered
Source
historical_nic
2. May 11, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Unspecified reports/rumors started the run; article states it is unknown how the run began.
Measures
Cashier showed $50,000 in vault to satisfy depositors; no suspension occurred.
Newspaper Excerpt
Last Wednesday morning a run was started on the First National Bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in the vault, and the run soon ceased.
Source
newspapers
3. April 30, 1926 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. May 16, 1904 Santa Fe New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe New Mexican, May 16, 1904

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Article Text

THREATENED RUN ON RATON BANK Depositors Demanded Their Money But Were Satisfied When the Cashier Showed $50,000 in Vault. Last Wednesday morning a run was started on the First National Bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It is yet unknown how the run started or who gave out reports that would start such an action. Mr. Blackwell would like very much to secure evidence that would lead to the cause of the temporary run. The First National Bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.

2. May 17, 1904 Las Vegas Daily Optic Las Vegas, NM
Article from Las Vegas Daily Optic, May 17, 1904

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Article Text

Run on Raton Bank. Last Wednesday, morning a run was started on the First National bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It is yet unknown how the run started or who gave out reports that would start such an ection. Mr. Blackwell would like very much to secure evidence that would lead to the cause of the temporary run. The First National bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.

3. May 21, 1904 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, May 21, 1904

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Article Text

THREATENED RUN ON RATON BANK Last Wednesday morning a run was started on the First National bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It Is yet unknown how the run started or who gave out reports that would start such an aetion. Mr. Blackwell would Mke very much to secure evidence that would lead to the cause of the temporary run. The First National bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.