First National Bank (Portland, OR)

View Charter #1553 on SPMC View balance sheet

Episode Information

Episode UID
155301123
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
15530 national
Charter Number
1553
Start Date
July 29, 1893
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3be2188064d06328

Response Measures

Full suspension, Books examined

Description

Some items refer to the First National of East Portland specifically.

Events (4)
1. September 8, 1865 Chartered
Source
historical_nic
2. July 29, 1893 Run
Cause
Local Banks
Cause Details
Depositors made withdrawals (a slight run) following failures/suspensions of other Portland banks (Commercial National, Portland Savings, Ainsworth National).
Newspaper Excerpt
With the exception of a slight run on the First National, the largest bank in the city
Source
newspapers
3. July 31, 1893 Suspension
Cause
Local Banks
Cause Details
Temporary suspension following heavy withdrawals and the failure/closure of other Portland banks, cited inability to realize on securities to meet demands.
Newspaper Excerpt
The First National Bank of Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary.
Source
newspapers
4. August 26, 1893 Reopening
Newspaper Excerpt
The First National bank, which suspended July 31, reopened for business today.
Source
newspapers

Newspaper Articles (19)
1. July 29, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 29, 1893

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TODAY'S FAILURES. One of the Oldest Firms in the Country. HAMILTON, Ohio, July 29.-McNeal & Urban, safe an 1 lock company, one ofthe oldest safe firms in the country assigned. The assets are $160,000; liabilitiesure unknown. The firm claims to be solvent. AKRON, O., July 29.-The Citizens' Savings and Loan association failed this morning. It will pay in full. The capital is $100,000 and the surplus $80,000. KANKAKEE, Ills., July 29.-The First National bank failed this moruing. The assets are sufficient to pay the depositors in full. PORTLAND, Ogn., July 29.-The Commercial National, Portland Savings bank and the Alnsworth National bank failed this morning. With the exception of a slight run on the First National, the largest bank in the city, there was no excitement.

2. July 29, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 29, 1893

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GOSSIP OF THE HOTELS. E. R. Hutchins, a prominent fruit man and president of several cold-storage companies in Chicago and Des Moines, is a guest at the Palace Hotel. "I have very d cided views on the necessity for the repeal of the Sherman act," said Mr. Hutchins yesterday. "Panics, like epidemics, come In series. In the great panic of 1857, during the time of wildeat banks, one was compelled to change one's money half a dozen imes in traveling from Chicago to New Orteans, to the great loss of the traveler and advantage of the broker. The panic of 1873 was due largely to the Inflation of prices, and that of 1890 could be traced to the failure of Baring Brothers in London." J. A. McMurtrie of Denver is registered at the Palace Hotel. He is an expert builder of railroads, and has the contract for building the South Pacific Coast line which will pass through Santa Barbara, Mr. McMurtrie has been located at Santa Margarita for several months past. Colonel William Christy, a well-known banker of P hoenix, Ariz., is a guest at the Grand Hotel. He reports that while there have been no serious failures in Arizona and while the banks are sound there has been nevertheless great financial depression in his section. This is largely due to the droughts of the last three years, which have caused the cattlemen of Arizona to lose over 50 per cent of their stock. H. M. Verrington, the young and popular railroad magnate of Nevada, is at the Palace Hotel. accompanied by Mrs. Yerrington. They have recently returned from a voyage to Honolulu, for health and pleasure. They will remain here for several days before returning to their home in Carson City. Evan Stolk, a wealthy merchant of Rotterdam, Holland, is making a brief sojourn at the Palace Hotel. He is accompanied by his friend and fellow-countryman, Karel Lotoy of Baltimore, Md. They have visited the World's Fair and the Yellowstone, and are now en route to the Yosemite. Two of the leading men of San Diego were in the city yesterday. T. Werthelmer was registered at the Palace Hotel and Melville Klauber was at the Lick House. Both of these gentlemen are pioneer merchants of San Diego and have assed through the vicissitudes of every land boom which bas touched their section of the State during the past (wenty years. E. B. Willis. managing editor of the Sacramento Record-Union, is a guest at the Russ House. There are four journalists in the Record-Union office, which number includes Mr. Willis, who have worked side by side burning the midnight oil in peace and harmony for the past eighteen years. This continuous state of congentality is not to be found perhaps in any other newspaper office in the country. Edward B. Jorgensen and Miss A. A. Jorgensen are register d at the Russ House from New York. For many years Mr. Jorgensen and his sister were residents of San Francisco, but removed to New York some years ago. They have large property interests here. Mr. Jorgensen expresses himself surprised at the improvemenis made in San Francisco during the last five years. J. B. Peakes and wife are registered at the Russ House from Chicago. Mr. Peakes was formerly proprietor of the well-known Peakes Hotel at Santa Cruz. He sold out his property some months ago and left for the World's Fair. William B. Wightman and wife were registered at the California Hotel for a few hours yesterday. Mr. Wightman is one of the Government's Bank Examiners and for the past month has had charge of the broken banking institutions in Southern California. Upon his arrival here yesterday he found a telegram Instructing him to go at once to Portland, Or., and take charge of the First National Bank of that city, which is financially embarrassed. Mr. and Mrs. Raphael Sonza of Guatemala, Central America, are guests at the California Hotel. They left here seven weeks ago for a tour of the Eastern States and a visit to the World's Fair. Mr. Sonza is one of the wealthfest coffee-planters in Guatemala. He speaks in glowing terms of the big exposition at Chicago, and says words are inadequate to describe the magnitude of the show. A large party of German society people from New York, composed of the Langmans, Worschdeffers and Gudewills, returned yesterday from Yosemite Valley and are registered at the California Hotel. H. H. Allen and wife of Connecticut are registered at the Occidental Hotel. They are missionaries en route to Seoul, the capital city of Korea, and will depart for the Orient on the steamer Oceanic, which starts on Tuesday next. State Senator G. G. Goucher of Fresno, accompanied by his friend, I. N. Hyde, of the same place, are guests at the Grand Hotel. They are here on legal business.

3. July 30, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, July 30, 1893

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CLOSED DOORS. PORTLAND, Or., July 29-The Commercial National, Portland Savings and Ainsworth National banks failed to open this morning. With the exception of a slight run on the First National, the largest bank in the city, there was no excitement.

4. July 30, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 30, 1893

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THREE MORE AT PORTLAND. Financial Stringency in the Northwest Geting More Dangerous. PORTLAND, Ore., July 29.-The Commercial National Bank, Portland Savings Bank and the Ainsworth National Bank failed to open their doors this morning. With the exception of a slight run on the First National, the largest bank in the city. there 13 no excitement. The Commercial National and Portland Savings Bank are under the same management. A notice posted on each of the suspended banks says: "This bank is forced to temporarily suspend, owing to the heavy withdrawal of deposite during the last sixty days, and inability to realize on securities. Depositors will be paid in full." The Commercial National Bank had a paid up capital stock of $250,000. The Ainsworth National has a capital stock of @100,000. The statement of the Commercial National and the Ainsworth National, published July 12, shows resources as follows: Commercial, $1,950,000; Ainsworth. $687,000. Deposits-Commercial, $1,455,000; Ainsworth, $687,000. The Ainsworth National is a United States depository. No statement has yet been made of the condition of the Portland Savings Bank. It has a capital stook of $200,000, with is surplus of $202,000. At 1 P. M., the closing hour. the excitement had subsided and the withdrawal of deposits at the other banks ceased. while the business houses were making their usual Saturday deposits. Between the noon hour and the closing time deposits greatly exceeded the withdrawals. D. P. Thompson was appointed receiver of the Portland Savings Bank this afternoon. A statement of this bank shows resources $2,955,000, which 18 considered & conservative estimate. The liabilities are placed at $2. 475,000. During the last sixty days there has been a shrinkage of $600,000, while $80.000 has been withdrawn from the Commercial National Bank during the same period. The Commercial National Bank paid out $100,000 yesterday. Staving Off a Panic, YOUNGSTOWN, O., July 29.-Some mischievous person started a story, late yesterday afternoon. that the Dollar Savings and Trust Company was insolvent. This morning when the bank opened a crowd of depositors, mostly frightened women, wives of mill men, were at the bank to demand their money. Cashier Davis asked for the customary two weeks' notice, and not a dollar was paid out. The stockholders in the bank areamong the wealthiest citizens of the place. The bank is believed by all business men to be solvent. At noon several hundred people were crowding around the bank. At least a dozen merchants have drawn money from other banks and deposited in large amounts in the Savings bank. This 18 having the desired effect, and a panic will be prevented.

5. July 30, 1893 The Herald Los Angeles, CA
Article from The Herald, July 30, 1893

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FAILED TO OPEN DOORS. Three More Bank Failures at Portland, Ore. The Suspended Institutions Are All Solvent. Financial Disasters in Various Parts of the Country. The Action of New York Savings Bank Presidents Looked Upon With Suspicion-Bank Runs in New Jersey. By the Associated Press. PORTLAND, Ore., July 29.-Three banks failed to open doors this morning. They were the Commercial National, the Portland Savings and the Ainsworth National. With the exception of a alight run on the First National there was no excitement. A notice posted on each of the auspended banks says the banks were forced to temporarily suspend owing to heavy withdrawal of deposite during the last 60 days and inability to realize on securities. Depositors will be paid in full. The Commercial National bank has a paid-up capital stock of $250,000. Frank Dekum is president. The Port land Savings bank is under the same management. L. L. Hawkins is president of the Aineworth National, which has a capital stock of $100,000. Statements of the Commercial National and the Ainsworth National, published July 12th, show resources as follows: Commercial. $1,950,000; Ainsworth, $687,000. Deposite-Commercial, $1,455,000; Ainsworth, $447,000. D.P. Thompson was appointed receiver of the Portland savings bank this afternoon. The statement of this bank shows that its resources are estimated at $2,950,000, which is a considered conservative estimate. Its liabilities are placed at $2,475,000. During the last 60 days there has been a shrinkage of $600,000, while $800,000 has been withdrawn from the Commercial National during the same period. The Commercial National paid out $100,000 yesterday. A small bank at Forest Grove has closed owing to the Commercial National's suspension. The statement of the Union Banking company, which closed yesterday, shows: Assets, $98,000; liabilities, $53,000. The city has a claim for $13,000, and is the principal creditor.

6. July 30, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 30, 1893

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MORE PORTLAND BANKS. T ree of Them Failed to Open Their Doors on Yesterday. PORTLAND, Or., July 29.-The Commercial National, Portland Savings bank and the Ainsworth National bank failed this morning. With the exception of a slightrun on the First National, the largest bank in the city, there was no excitement. The Commercial National and the Portland Savings are under the same management. A notice posted says the suspension is temporary and depositors will be paid in full. The Commercial has a capital of $250,000, and the Ainsworth National has a capital of $100,000. A statement published July 12 showed the Commercial National resources to be $1,950,000; deposits, $1,450,000. Ainsworth resources, $687,000; deposits, $447,000. The Ainsworth National is a United States depository. The Portland Savings has a capital of $250,000 and a surplus of $200,000. At 1 p. m., the closing hour, the excitement had subsided and the withdrawal of deposits at other banks ceased. D. P. Thompson was appointed receiver of the Portland Savings bank this afternoon. The statement of this bank shows resources, $2,955,000. Liabilities, $2,475,000.

7. August 1, 1893 The Morning News Savannah, GA
Article from The Morning News, August 1, 1893

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A Portland Bank Suspends. Portland, Ore., July 31.-The First National Bank of Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published July 12 shows the resources of the bank to be $300,000 and the deposits $1,500,000.

8. August 3, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, August 3, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. Milwaukee, July 29.-A dispatch from Port Washington says the German American bank at that place has failed. Another special says Seymour's bank at Chippewa Falls also failed. CHIPPEWA FALLS, Wis., July 29.Seymour's bank of this city closed its doors yesterday. PORTLAND, Ore., July 29.-The Union Banking company of this city made an assignment yesterday. PORT WASHINGTON, Wis., July 29.-The German-American bank of this city closed its doors yesterday. STANTON, Mich., July 29. - C. W. Chopin & Co.'s bank here closed yesterday with a crowd of depositors at its doors. COVINGTON, Ind., July 29.-The Farmers' and Merchants' bank of this city closed up at 1 o'clock yesterday. ExUnited States Treasurer Nebeker is the president. MIDDLESBORO, Ky., July 29.-The First national bank of this place closed yesterday. GREAT FALLS, Mont., July 29.-The First national bank here suspended yesterday owing to the Helena bank's suspension. WASHINGTON, July 30.-Bank failures were reported to the comptroller as follows yesterday: First national at Kankakee, Ill.; Dollar savings bank at Youngstown, O.; Citizens' Savings and Loan association at Akron, O.; Commercial national, Ainsworth national and Portland savings banks at Portland, Ore.; Commercial at Eau Claire, First Wis.; Savings at Baraboo, W Exnational at Ashland, Wis., and change at Nunda, 111. WASHINGTON, Aug. 1.-Bank failures were reported as follows yesterday: First national at Portland, Ore.; First national at The Dalles, Ore.; Pendleton savings at Pendleton, Ore.; Bellingham Bay national at Whatcom, Wash.; Springfield savings at Springfield, Mo.; Akron savings at Akron, 0.; private bank of A. Daniels & Co. at Cedar Rapids, Ia.; private bank of J. W. Case at Astoria, Ore., and Park national at Livingston, Mont.

9. August 3, 1893 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, August 3, 1893

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PORTLAND BANKS CLOSE. Portland, Or., July 31. -- The Commercial National bank, Portland Savings bank and the Ainsworth National bank failed to open their doors. With the exception of a slight run on the First National bank. the largest in the city, there is no excitement.

10. August 3, 1893 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, August 3, 1893

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PORTLAND BANKS CLOSE. Portland, Or., July 31. -- The Commercial National bank, Portland Savings bank and the Ainsworth National bank failed to open their deors. With the exception of a slight run on the First National bank. the largest in the city, there is no excitement.

11. August 3, 1893 The Manitowoc Pilot Manitowoc, WI
Article from The Manitowoc Pilot, August 3, 1893

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GENERAL NEWS. The western rail roads have reduced rates to Chicago to one fare for the round trip. Five men were killed by the explosion of a threshing machine boiler at Utica, Ohio, on Monday last. Bank cashiers and presidents are being arrested everywhere throughtout the United States. Courts will have busy times during the next few terms. The national government will punish the officers of the Indianapolis National Bank, which was grossly mismanaged. It seems that national bank examiners are considerable of a humbug. A man named Smith shot and killed his wife at Rhinelander on Sunday last. He then put a bullet through his own brain. The man and wife had lived apart for some time owing to his jealousy. On Monday last the New York Savings Banks experienced a run. They required the time limit, but depositors got into line to give notice that when the time was up they would demand their money. The Indians are not affected by the hard times. A gang of 500 of them who were engaged in picking blue-berries have gone on a drunk, Dancing platforms have been built and the bucks are having a high old time. It is estimated that there are 35,000 miners unemployed in Colorado. They are flocking to Chicago and are coming in on freight trains. West Superior is being invaded by hundreds of miners from the Gogebic and Menominee ranges. All dangers of war between France and Siam have been averted by the latter's yielding every demand made by France. Siam indulged the hope that some of the other European powers would come to her assistance in resisting the demands of France. Having failed in this it concluded to yield unconditionally. New York Savings Banks have taken a step which they think will aid in preventing, to a certain extent increased stringency. That is that the trustees of the banks demand notice of withdrawal by depositors. They claim that the money withdrawn is being hoarded and thus drawn out of circulation and it is difficult for this reason to dispose of securities. The First National Bank of Ashland suspended on Monday. The reason assigned is withdrawal of money by depositors. The Akron Savings Bank of Ohio, the N. M. Crane Bank of N. Y,, the Springfield Savings Bank of Missouri, the First National of Portland, Oregon, the First National Bank of Dalles, Oregon, and the Pendleton Savings Bank of the same state suspended on the same day. A right lively time prevailed at a session of the English House of Commons one day last week. Chamberlain a deserter from the ranks of the Liberals, became so abusive while delivering a speech that a free fight was precipitated. Eyes were gouged, hair was pulled and eyes were blackened, Gladstone looked on the unseemly row with an unmistakeable expression of displeasure. Wages are being reduced now to meet the depression in business. The Mil. & St. Paul road has cut the wages of its clerks 10 per cent.. At Terre Haute Ind. Pittsburg, Penn. and Columbus, Ohio the laborers have accepted the reduction, it being understood that it should last during the period of stagnation. At other points the men refuse to accept reduced wages and the factories are shutting down. Tuesday was a terrible day on the Chi cago Board of Trade. It is described as the wildest ever witnessed in that city. At the close of the day many fortunes were wiped out. The crashes came from the drop in the price of pork, which went down from $18.75 per bbl. to $10.30. It a was a fearful fall and ruined many. The wealthiest man ruined by the fall in prices was John Oudahy whose wealth was estimated at $18,000,000. He was'a bold speculator and had a heavy interest F in a number of large packing houses.

12. August 4, 1893 The Athena Press Athena, OR
Article from The Athena Press, August 4, 1893

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Portland Banks Olosed. Three Portland banks failed to open their doors Saturday. They were the commercial National, the Portland Savings and the Ainsworth National. With the exception of a slight run on the First-National there was no excitement. A notice was posted on each of the suspended banks saying that the banks were forced to temporarily suspend owing to the heavy withdrawal of deposits during the last sixty days and inability to realize on securities. Depositors will be paid in full. The Commercial National bank has a paid-up capital stock of $250,000. Frank Dekum IS presidnet. The Portland Savings bank is under the same management. L. L. Hawkins is president of the Ainsworth National, which has a capital stock of $100,000. The statement of the Commercial National and Ainsworth National. published July 12, shows resources as follows: Commercial, $1,950,000; Ainsworth, $687,000. Deposits in Commercial were $1,455,000; in the Ainsworth, 447,000. The Ainsworth National is a United States depository. No statement is yet made of the condition of the Portland Savings bank. It has a capital stock of $260,000, with a surplus of $202,000. D.P. Thompson was appointed receiver of the Portland Savings bank this afternoon. The statement of this bank shows resources estimated at $1,950,000, which is considered a conservative estimate, Its liabilities are placed at $1,475,000. During the last sixty days there has been a shrinkage of $600,000, while $900,000 has been withdrawn from the Commercial National during the same period. The commercial National paid out $100,000 yesterday. A small bank at Forest Grove has closed owing to the Commercial National suspension. The statement of the Union Banking Company, which closed yesterday, assets of $98,000 liabilities of $53,000. The city has a claim of $13,000 and is the principal creditor.

13. August 5, 1893 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, August 5, 1893

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Failures of the Day. PORTLAND, Ore., July 29. - Three banks failed to open their doors this morning. They were the Commercial National, Portland Savings and Ainsworth National. With the exception of 8 slight run on the First National, there was no excitement. A notice posted on each of the suspended banks says the banks were forced to temporarily suspend, owing to heavy withdrawal of deposits during the last sixty days and inability to realize on securities. Depositors will be paid in full. KANSAS, July 29.-The First National bank failed this morning. Assets sufficient to pay depositors in full. AKRON, Ohio, July 29.-The Citizens Savings and Loan association has failed.

14. August 5, 1893 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, August 5, 1893

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TELEGRAPHIC. Los NGELES, July 31.-Federal Judg Ross hasdelivered a lengthy decision o the Geary act case of United States V Nong Dip Ken. Ken wasarrested at the instigation of I Katz, chairman of the federated trade Ken, a oigarmaker, was arrested unde the act of 1882, now included in th Geary act, was found guilty by Commi sioner Vandke two months ago an sentenced to two days impresonment a San Quentin. Appeal was taken to the Unite States district court and today Judg Ross decided the section 4 of the Gear providing for imprisonment at har was in contravention of the con titution of the United States and a injust and infamous punishmen where no crime was committed. He held the rest of the act valid an ordered the Chinese deported an lenied the stay of execution asked fo the defense. OMAHA, Neb., July 31.-Hereafter Sat will be a holiday without pay 11 he Union Pacific shops all over th This 18 done in order not to re luce the working force. LONDON, July 31.-The regatta of th Royal Yacht club took place today of he Isle of Wight. It WGS WOD by th Prince of Wales' Brittania, Lord Dun raven's Valkyrie, second, Royal Phelps Carroll's Navahoe third. Interest at ached to the sailing of the last-name ressel as the American challenger to everal cups. NEVADA, Cal., July 31.-At 1 o'elock his morning John McLaughtin, who issaulted Charles Runge Saturda night, was surrendered by his bonds and lodged in jail. His bail was at the same time raised $10,000, owing to unfavorable symp of the injured man. Last evening some miscreants at empted to blow up the water pipe be onging to the Providence Mining comHe exploded a stick of gian owder on top of the pipe, but only suc eeded in causing a partial break Enough water continued to flow through keep a pump going until the line ould be repaired. The outrage was robably committed as a demonstration disapproval because the company ad employed McLaughlie as foreman Miners and citizensgenerally condemr act as infamous a: if the perpe is detected it will go hard with ASHLAND, Wis., July 31.-The First National bank failed owing to a steady on the deposits. The resource 15 were $396,489. Runs on other are the consequence. SPRINGFIELD, Mo., July 31. - The pringfield Savings bank failed this norning; deposits, $100,000. Is will pay full. Other banks were not affected further trouble is expected. PORTLAND, Ori., July 31.-The First National bank, of East Portland. failed open its doors this morning. Officers the bank say the suspension is tem A statement published July 12 hows the resources of the bank $325, deposits, $160,000. THE DALLES, Or,, July 31.-The First National bank here closed its doors this norning. Suspension is due to closing the Commercial National bank, of 'ortland. PENDLETON, Or. July 31.-The Pendle Saving bank has temporarily susended. R. T. Cox was appointed reThe statement of assets is 250,000; liabilitities $135,000. HORNELLSVILLE, N. Y., July 31.-R Crane & Co., private backers, failed morning; it is said assets exceed liabilities. AKRON, Ohio, July 31.-The Akron avings bank went into the bands of a eceiver this morning. Capital, $200,reserve, $50,000; surplus, $18,000 bank will pay in full. WORLD'S FAIR HOTELS. CHICAGO, July 31.-Chapman Bros ublishers and managers of two World' hotels, have confessed judgement $25,000; assets estimated at $600,000 abilities $257,000. CHICAGO, July 31.-Indications are the National Silver convention to horrow will be the most largely at ended in the history of financial agitaThe leaders are proceeding cautiously decline to express opinion as to exwhat will be the outcome. To with former adherents of all arties will be asked to forget their ormer allegiance and unite upon E of action in a struggle for free silver It is certain that R resolution and elegation sent to Washington will pprove the repeal of the Sherman law

15. August 5, 1893 The Kootenai Herald Bonners Ferry, Kootenai, ID
Article from The Kootenai Herald, August 5, 1893

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SEVERAL BANK FAILURES. The Stringency Cyclone Strikes Conservative Oregon a Body Blow. PORTLAND, July 31.-The First National bank of East Portland closed its doors today. It is said $15,000 would have tided it over, but they could not raise it. The resources July 12 were $325,000; deposits $160,000. The capital stock is $100,000; surplus $20,000. Richard T. Cox, of Pendleton, was appointed receiver of the Pendleton Savings bank today. Assets, $125,000; liabilities, $185,000. The First National bank of The Dalles also closed its doors today. Capital stock, $50,000; surplus, $19,000. The I. W. Case, the oldest bank of Astoria. failed to open this morning, but the owner declares his suspension will be only a matter of a few days. The Commercial bank of Cottage Grove, Lane county, decided to go into liquidation. All the depositors will be paid in a few days and the bank will go out of business. PORTLAND, July 29.-The Commercial National and Portland Savings banks failed to open their doors at 10 this morning. Fifteen minutes later the Ainsworth National closed its doors, which it had just opened. As soon as the news spread in regard to these the smaller depositors began a quiet run on the First National and Merchants' National. At Ladd & Tilten's there was a quiet run, but at the other banks only ordinary business was transacted. PORLAND, Or., July 27.-The Oregon National bank and the Northwest Loan and Trust company failed to open their doors this morning. Notices were posted on the doors stating that the banks were compelled to suspend owing to their inability to realizt on securities rapidly enough to meet immediate demands. George B. Markle is president of both banks. In an interview he states that depositors will be paid full, as the banks' assets are two to one over the liabilities. No statement of the banks is given.

16. August 26, 1893 The Providence News Providence, RI
Article from The Providence News, August 26, 1893

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Falling AUTO Line. PORTLAND, Or., Aug. 26.-The First National bank, which suspended July 31, reopened for business today.

17. August 26, 1893 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, August 26, 1893

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Able to Resume. PORTLAND, Or., Aug. 26.-The Frst National bank, which suspended July 81, reopened for business to-day.

18. August 26, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 26, 1893

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P Bank Resumes. PORTLAND, Or., Aug. 25.-The First National bank, which suspended July 31, will reopen for business tomorrow.

19. June 7, 1894 The Yellowstone Journal Miles City, MT
Article from The Yellowstone Journal, June 7, 1894

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THE FLOODS Many of the Main Streets of Poruland Under Several Feet of Water. Six Banks Have Had to Vacate their Quarters-Only One Railroad Running Trains Into the City. PORTLAND, Ore., June 5.-The waters of the Willamette river at this point continue to rise and the indications are that it will continue for several days. This afternoon the water stood 32.2 feet above low water mark. At Umatilla the Columbia river stood 44.5 feet above and at Pasco thirty-four feet above. There yet remains snow enough in the mountains to keep the rivers at their present height for several days. It is impossible to approximate the amount of damage inflicted upon this city in damage to property and loss of business. Damage to the river front alone will be nearly a million dollars. There is scarcely a wharf or warehouse that has not suffered more or less. Merchandise of all kinds is stored in many places which are in hourly danger of being submerged or tilted over into the river. Boats are continuously moving goods to more secure places. In many instances merchants have been compelled to move their goods several times to keep them above water. Wherever possible build. ings in the submerged districts are being vacated. The First National bank, the Portland National bank, the Bank of British Columbia. the London & San Francisco, the United States National and Merchants National hrve all moved to higher grounds. The railroad situation remains unchanged. The Southern Pacific is the only line running trains into the city. The Uunion Pacific is unable to establish its river service between here and Umatilla. The Northern Pacific is still bringing its trains to the city from Kelso on a transfer boat. As a means of insuring protection from tire in the flooded district the chief of the fire department had to secure a sixty foot barge, on which he has fitted a stationary engine capable of throwing three powerful streams. Water has reached the basement of the Oregonian building. While this city is confronted with disaster, adjacent points are having a similar experience. Columbia Slough presents a scene of destruction. The tops of houses and trees are seen just above the water. The lower portion of Van Couver is submerged and Troutdele is also flooded. The Hood River country will experience great loss. Its immense strawberry crop is ripening and there is no means of transportation to market. The locks at the Cascades have stood the strain so far, but there is great danger that they will be swept away.