The following is another newspaper account of the San Miguel Valley Bank on June 24, 1889.


 

Note the San Miguel Valley Bank (lower left)

I thought I would throw this news account into the mix.  This article alters several of the details presented by previous witnesses.  I am aware of several writers that have run with the details presented.

 

 

 

The Rocky Mountain News (Daily), Volume 31, June 27, 1889

 
THE TELLURIDE ROBBERY.
How the Robbery Was Committed by the Cowboys.
Special to The News.

Ouray, Colo., June 26.—The robbery of the San Miguel Valley bank of Telluride on Monday by four daring cowboys of the Stockton outfit on the Mancos is one of the boldest affairs of the kind ever known in southern Colorado. The robbers recured about $20,000. The San Miguel Valley bank, of which Judge William Story of Ouray is president and Charles Painter of Telluride is cashier, is one of the oldest and soundest financial institutions in the San Juan. The men who committed the robbery are supposed to belong to the Stockton ranch on the Mancos river in Dolores county and are members of a gang that has always been considered tough. They came to Telluride two or three days prior to the robbery, put their horses in Searle’s stable and proceeded to take in the town, drinking and spending money freely. In this way they secured the information they desired and acted accordingly. The bank employs one clerk as assistant to the cashier. During the morning the robber; took their horses from the stable, paid their bill and then visited two or three saloons, watching the bank in the meantime.  Soon Cashier Painter stepped out to do some collecting and the four rode over to the bank, and leaving their horses in charge of one of the number, two remained on the sidewalk and the fourth entered the bank and presented a check to the clerk.

CAUGHT BY THE NECK.

As the latter was bending over the desk examining the check this party grabbed him around the neck, pulling his face down on the desk, at the same time admonishing the surprised official to keep quiet on pain of instant death. He then called to his partners on the sidewalk, saying, “Come on, boys, it’s all right.” The boys came in and cleaned up all available cash amounting to $20,750, while their comrade held the trembling clerk over the desk by the neck. When their work was complete the clerk was released and fell in a leap on the floor. Surveying the quaking mass of humanity the robber said he had a notion to shoot him anyway for being such a coward, and then joining his comrades they mounted their horses and rode leisurely away. When they had ridden a couple of blocks they spurred their hones into a gallop, gave a yell, discharged their revolvers and dashed away. It was fifteen minutes after this demonstration, of which little notice was taken, that Mr. Painter, on returning to his bank, found his clerk Shee too agitated to give a correct account of the affair.

“IT’S ALL GONE.”

His greeting to the cashier was, “It’s all gone, all gone,” and such proved to be the case. As soon as possible a posse was organized and is now in hot pursuit. They were seen at Trout lake yesterday and news of their capture or a desperate fight with the sheriff’s men is expected. They are evidently headed for the wild country in the Blue mountains of Southeastern Utah. The Stockton gang has been in many border troubles, and have on numerous occasions painted various San Juan towns red. One of their number was lynched in Silverton a few years: since, and another was killed by the sheriff of La Plata county while fleeing from justice. Judge Story, president of the bank, was in Montrose en route to Salt Lake when he received news of the robbery. Some confederate of the robbers cut the telegraph wire between Telluride and Dallas, hence communication with that place has been difficult.

 

 

Commentary

This article is filled with inaccurate sensationalism at the expense of bank employee Charles Hyde.  Mr. Hyde was reported to be the only employee in the bank at the time of the robbery and was unarmed.  I am sure Mr. Hyde, or “Shee”, did not relate these self-deprecating details to anyone.  They were certainly not presented in his recollections of the robbery,

Only an unarmed fool would challenge armed robbers. In only a matter of three years after this robbery will a bank cashier in Delta Colorado will be killed for not fully cooperating with robbers. If there is any criticism to partake in, it would be on Charles Painter.  What responsible party would leave an open vault unguarded with as much as $100,000 within reach (taken and untaken)?  That is equivalent to more than $3.2 million in today’s currency.

In all other accounts, the alarm of the robbery was immediate yet against all other accounts, this reporter states it took fifteen minutes for the alarm to sound.

This article is an example of yellow journalism.  

 

A few side notes.  Charles Hyde was a ministry student and would later lead a congregation in Longmont, CO for several years.  In 1898, Rev Hyde (“Shee”) volunteered for the Colorado Militia as a private in light of the pending Spanish-American War but was soon named Colorado’s Chaplain.  This is not the actions of a coward.

I was suspicious of the possibility that a telephone might exist in the bank in 1889.  But in fact, the first telephone line from Ouray to Telluride was first laid in 1882

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