State Bank (Julesburg, CO)

Episode Information

Episode UID
5764520091128
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
576452009 hash
Start Date
December 2, 1893
Location
Julesburg, Colorado (40.988, -102.264)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b1bf91f13f423ad1

Response Measures

None

Description

Bank made an assignment to Peter Peterson (insolvent failure); closure date cited as December 2, 1893.

Events (2)

1. December 2, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Speculation in Denver real estate and poor loans are assigned as the cause of the failure.
Newspaper Excerpt
The State Bank at Julesburg closed Its doors December 2.
Source
newspapers
2. December 3, 1893 Receivership
Newspaper Excerpt
The State Bank at Julesburg has made an assignment to Peter Peterson.
Source
newspapers

Newspaper Articles (11)

Article from The Record-Union, December 4, 1893

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Article Text

Failure of a Colorado Bank. DENVER, Dec. 3.-The State Bank at Julesburg has made an assignment. Speculation in Denver property and poor loans is assigned as the cause of failure. The amount of assets and liabilities is not yet known. Disheartened by Losses in Chicago. PARIS, Dec. 3.-Elia Ganon, said to have arranged the Tunisian pavilion at the Chicago Fair, killed himself at a hotel to-day. In a letter he said he had been disheartened by losses in Chicago.


Article from The Seattle Post-Intelligencer, December 4, 1893

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Article Text

A Colorado Bank Assigns. DENVER, Dec. 3.-The State bank at Julesberg has assigned. Speculation in Denver real estate and poor loans are assigned as the cause of failure. The amount of assets and liabilities is not known yet.


Article from Evening Journal, December 4, 1893

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Article Text

DENVER, Dec. 4.- The state bank at Julesburg has assigned.


Article from St. Paul Daily Globe, December 4, 1893

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Article Text

Colorado Bank Fails. DENVER, Dec. 5.-The - State bank at Julesburg has made an assign ment to Peter Peterson. The owners of the bank were interested in the Robson Land and Investment company, of this city, and speculation in Denver property and poor loans are assigned as the cause of the failure. A large number of people had small deposits in the bank, but the amount of assets and liabilities is not yet known.


Article from The Morning Call, December 4, 1893

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Article Text

A State Bank Fails. DENVER, Dec. 3.-The State bank at Julesburg has made an assignment. Speculation in Denver property and poor loans are assigned as the cause of failure. The amount of assets and liabilities are not yet known.


Article from Deseret Evening News, December 4, 1893

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Article Text

An Assignment. DENVER, Dec. 3.-The State bank at Julesburg has made an assignment. Speculation is Denver property and poor loans are assigned as the cause of the failure. I he amount of assets and liabilities is not yet known.


Article from The Sun, December 5, 1893

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Article Text

SPARKS FROM THE TELEGRAPH. The Citizens' National Bank at Grand Island. Neb. was closed yesterday. Non account of slow collections." The Sta - Bank at Julesberg, Col., has made an assigniment to Peter Peterson. A large number of people has small deposits in the bank. Dr. E. 1. Trudeau's residence at Saranae Lake, together with one of the linest laboratories in America, was totally destroyed by fire yesterday morning. The loss is heavy. Renignio Menchilles, an Italian track hand, was run over at West Albany yesterday afternoon. Notwithstanding his legs Lung by shreds to his body, be puried himself on the track ID time to prevent the remainder of the train 1rom passing over 111111 Death soon afterward ended his sulfering. The New York Locomotive Machine Works of Rome, N X., took are last evening and mostol the buildings were destroyed. A water works man burst during the progress of the Dre. reduct - the pressure from to 15 pounds. and two steam life engines were shable to cope with the names. The property was valued at $500,000, and was insured for ab n: $300.000, Dr Robert e. McEwen. a prominent physician and su geon of Saratoga. was prositated yesterday morn10g WITH . stroke of paralysis attecting the entire left side He 18 in a critical condition Dr. Memwen was for several years Captain of the Saratega & itizens Corps Twenty second Separate Company and 15 it Past Commander of the Knights Templar Fire on runday morning destroyed the following buildings in Corsicana, Tex J. R. Me Alester. livery stable loss $4,000; 0. P. Wimber every stable. loss $5,800 Savage Hotel. Loss $4,000; initselle's planing mm and electric light plant. 10-8 $25,000; City Hotel loss $2,500; M. Drane & Sons, on cottonseed. wood, and coal. loss $3,000; Corsicana Machinery Company, $6,000; carriaze factory. $1,500; Clark's seam laundry. $2,000; lexas Mill and Elevator Company's grain elevator. $3,500; partially insured.


Article from The Princeton Union, December 7, 1893

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Article Text

A Bank Assigns. Denver, Dec. 6.-The State Bank at Julesburg has made an assignment to Peter Peterson. The owners of the bank were interested in the Robson Land Investment company of this city, and specviation in Denver property and poor loans are assigned as the cause of the failure. A large number of people had small deposits in the bank, but the amount of assets and liabilities is not yet known.


Article from The Iola Register, December 8, 1893

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Article Text

THE LATEST. THE dowager duchess of St. Albans is dead. THE earl of Warwick died at Warwick castle recently after a long illness. JUDGE WINTERS, at Indianapolis, has settled the Iron Hall controversy by making the receivership permanent, and has ordered the funds distributed. LEDRU GUTHRIE has been summoned from Washington to appear befere the United States grand jury in Oklahoma in regard to the strip opening frauds. PRESIDENT PEIXOTO, of Brazil, is now an absolute dictator, and his ministers act only on his direct orders. M. CASIMIR-PERIER has formally presented the new ministry to President Carnot. COMPTROLLER OF THE CURRENCY EckELS has made his annual report, giving facts and figures regarding the financial situation in this country. J. J. VAN ALEN, whose appointment as ambassador to Italy called out SO much unfavorable criticism, has written to the president declining to accept the place. TREASURY officials look upon Gov Waite's new coinage scheme as visionary. JAMES WINCK, leader of the gang who held up and robbed a St. Louis, Iron Mountain & Southern express train at Oliphant, Ark., about a month ago, has at last been captured. GOVERNMENT papers in Germany are advising the ministry to take the sternest measures to choke off the grow ing sentiment in favor of socialism in the empire. THERE was almost a riot in London on the 3d when the anarchists defied law and the police and gathered in Trafalgar square in spite of the orders for them not to do so, which had been issued. NEAR Mehoopany station, Pa.. two "wildeat" coal and freight trains coming east had a smash-up. The engine pulling the second train telescoped the caboose of the other. injuring the conductor and a brakeman severely. THE State bank of Julesburg, Col., has made an assignment. A large number of people had small deposits in the bank. REPUBLICANS of Chicago nominated Acting Mayor George B. Swift for mayor to fill the vacancy caused by the death of Mayor Harrison. and the democrats named John P. Hopkins. SINCE the cold weather set in there has been a return of la grippe to Minneapolis, Minn, and during the past week several hundred cases have been reported.


Article from The State Herald, December 15, 1893

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Article Text

Colorado. Idaho Springs has a band of eighteen pleces. Burlington, in Eastern Colorado, has just had completed a $10,000 flour mill. The coke ovens at Crested' Butte are running to their full capacity. Sheriff Lovell of Yuma county was assaulted by foot-pads while in Denver recently and he was severely hurt, but the robbers were scared off before getting any booty. Thomas and Herman Chase and Freeman Chase, their cousin, have been arrested for murdering Asa P. Beam, postmaster at Lansing. A detective who has been working on the case claims to have good evidence against them. It is circumstantial. Gunnison county reports shipments of 25,000 fat beef cattle during this year, netting about $260,000. One stockman, named William Bnyder, shipped a whole train load of sixteen cars last week. This from one of Colorado's mining counties. Crooked Creek, six miles east of Buena Vista, is assuming some importance as a mining camp. The velns are reported to be large and well-defined, between granite and quartzite walls. Ore taken from the different claims will run from 83 to $150 per ton. Colorado College has just received a gift of 87,750 from Mr. Henry Cutler, of North WIIbraham, Massachusetts. Mr. Cutler is one of the trustees of the college and one of its oldest friends, and has always been a liberal contributor to this Institution. After him Cutler academy was named. The State Bank at Julesburg closed Its doors December 2. Oscar Liddle, who is cashier, made an assignment of all property, both real and personal, to Peter Peterson. While it was not unexpected, still quite a number of people are caught for small amounts. It is not expected that It will In. volve other business houses. George Richardson, a miner employed at a the Loveland coal mine, near Golden, sustained what will probably be fatal injuries Wednesday forenoon. He was setting off a blast in one of the stopes, and, while dea scending a manhole to get out of its way, a rope broke and precipitated him to the bottom of the shaft, a depth of thirty feet. He was at once taken to his home and medical aid summoned. On examination It. was found that his back was broken. The prospects for his recovery are considered to be doubtful , indeed. A Denver company proposes to make cement out of stag. The patent applied for is for "Disintegrating furnace slag." The disf integrated slag contains all the elements of k Portland cement. The slage is taken from the d furnace in a liquid state and is poured into = pits prepared for the purpose, charged with the Anthony process. In this process is concealed the sucret upon which Mr. Anthony bases his claim for a patent. During the subsequert cooling process the perfect disintegration occurs, resulting in the obtainment of a fine white palpable powder. An after process converts the slag into Portland cement.


Article from The Bessemer Indicator, December 16, 1893

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Article Text

Colorado I Burlington, In Enstern Co'orado, has just had completed a $10,000 flour mill. I Crooked Creek, six miles east of Buena Vista, is assuming some Importance as a minIngr camp. The velds afe reported to be large and well-defined, between granite and quartzite walls. Ore taken from the different claims will run from 83 to $150 per ton. Near La Jara, in the San Luis Valley, a farmer named John Shaweroft this year raised 3,000 bushels of Indian Club and Chill wheat. averaging 50 Lushels to the acre. He commenced farming In the San Littis Valley several years ago on a few hun Ired dollars' capital: now he is worth 815,000, the result of wheat-raising. The State Bank at Julesburg closed its doors December 2. Oscar Liddle, who is cashier, made an assignment of all property, both real and personal, to Peter Peterson. While it was not unexpected, still quite a number of people are caught for small amounts. It is not expected that It will involve other business houses. Denver Markets-Eggs, ranch 26e, state 24c; butter. best creamery 25@26c. dairy 19c; hay, upland baled $11(08$12. second bottom $7(@$8.50; alfalfa $7.00; oats, $1.00@$1.10; potatoes 95@$1.05; cattle, choice steers $3.00 @3.30, cows $2.00@$2.30. native feeders $2.50 @$2.75; hogs, choice $5.35; spring chickens 2.00@$3.50 per doz. turkeys 12c. A Denver company proposes to make cement out of slag. The patent applied for is for "Disintegrating furnace Blag." The disintegrated elag contains all the elements of Portland cement. The alag is taken from the furnace in a liquid state and is poured into pita prepared for the purpose, charged with the Anthony process. In this process is concealed the sucret upon which Mr. Anthony bases his claim for a patent. During the subsequent cooling process the perfect disin. tegration occurs, resulting in the obtainment of a fine white palpable powder. An after process converts the slag into Portland cement.