Union National Bank (Oakland, CA)

Episode Information

Episode UID
226601276
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
22660 national
Charter Number
2266
Start Date
April 25, 1906
Location
Oakland, California (37.804, -122.271)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3c70d233732a02a9

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1909-04-14
Date receivership terminated
1918-10-31
OCC cause of failure
Losses
Share of assets assessed as good
22.4%
Share of assets assessed as doubtful
30.2%
Share of assets assessed as worthless
47.4%

Description

Final 1909 suspension led to receivership and criminal indictments for misapplication of funds.

Events (7)

1. May 20, 1875 Chartered
Source
historical_nic
2. April 25, 1906 Reopening
Newspaper Excerpt
All the banks of the city opened today, by direction of the State Bank Commissioners. Savings bank depositors were permitted to withdraw small amounts.
Source
newspapers
3. December 1, 1907* Suspension
Cause Details
Temporarily suspended operations during holiday period as a precaution; depositors later pledged not to withdraw.
Newspaper Excerpt
The bank some weeks ago took advantage of the holidays to suspend operations.
Source
newspapers
4. January 3, 1908 Reopening
Newspaper Excerpt
The Union National bank of Oakland reopened its doors yesterday, after seven weeks of inoperation.
Source
newspapers
5. April 13, 1909 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was unable to meet its obligations after prior troubles and financial flurry; temporary receiver E. P. Rorebeck appointed.
Newspaper Excerpt
The Union National bank of Oakland, closed its doors this morning and went into the hands of a temporary receiver.
Source
newspapers
6. April 14, 1909 Receivership
Source
historical_nic
7. May 14, 1909 Receivership
Newspaper Excerpt
H. N. Morris...has arrived to take charge for the comptroller of the currency, as permanent receiver of the Union national bank.
Source
newspapers

Newspaper Articles (21)

Article from The San Francisco Call, April 26, 1906

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OAKLAND BANKS RESUME AND DEPOSITS ARE LARGE Funds Received Reported to Exceed Those That Are Paid Out to Creditors. OAKLAND, April 25.-All the banks of the city opened today, by direction of the State Bank Commissioners. Savings bank depositors were permitted to withdraw small amounts. Commercial business is receiving attention in the usual manner. A committee of bankers is formulating a plan for reopening all the interior banks at the earliest possible moment. The limit put upon savings bank patrons who desired to withdraw money today was set at $30. No limit was put upon commercial bank business, although the understanding prevailed that no large sums should be taken out except in cases of great necessity. The money will be released in larger amounts from day to day. Despite the supposed scarcity of cash in circulation, a large amount of money was brought in for deposit It is estimated that ten times the amount of money taken out was brought in for deposit. W. W. Garthwaite of the Oakland Bank of Savings said: "Up to last night the local banks had received from the U. S. Mint about $2,000,000. Today about $2,000,000 more came from the mint. If deposits continue to be made as they were today we shall not require much more money from the mint. Each bank has received a share of the gold from the city. The banks will hold meetings daily at 4 o'clock to insure harmony of action."


Article from The Barre Daily Times, April 27, 1906

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PARDEE TO CALL EXTRA SESSION. To Pass Laws Demanded by the San Francisco Situation. Oakland. Cal., April 27.-It was said yesterday on the best of authority that a special session of the Legislatura would be called at once to provide for laws demanded by the situation. A conference of insurance men will be held here today to decide on a policy of paying losses. The bank vaults in San Francisco will not be opened for at least thirty days. The Oakland banks opened today and are paying off savings deposits and commercial accounts. There was no run and no excitement, and the strange part of it all was that customers put in more money than was withdrawn. Complete communication has been restored be. tween Oakland and San Francisco. Local trains are running again on their regular schedule The refugees that have come to this city have been placed in reconcentrado camps so that the relief work may be systematized. San Francisco firms are scrambling to obtain permanent locations on this side of the bay. In the meantime building operations in the stricken city are being pressed forward with great energy.


Article from The San Francisco Call, December 7, 1907

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EDITORIAL Page 8 Concerning consolidation Page 8 One way to stop thuggery Page The cuckoo and the oriole, et al. Down with Shea. Page CITY Following the filing of a petition by the lawyers for the contestant in the Colton will contest case. alleging fraud and mismanagement Walter J. Barnett has been suspended as special administrator of the estate in litigation by an order of the superior court of Santa Cruz Page 1 county. Real estate market shows notable inquiry by merchants for locations in the downtown Page 6 district. Mrs. W H. Broome of Santa Barbara appeals to British government to help her get back home worth $12,000 forfeited for $480 street Page 16 bill. Sbakeup occurs in police department as requit of order by Chief Biggy assigning captains to Page 16 new commands. Mayor Taylor asks that three members of the fire department be removed for political are Page 5 tivity. Finance committee of board of supervisors bolds up expense bills of Oliver grand jury until authority to pass on them is Jeter Page 5 mined Her meals not like those bis mother used to cook. is criticism that leads wife to seek 9 Page divorce. While mother sleeps pretty Santa Barbara girl burriedly packs and joins man she marto ried in afternoon for burry trip 9 Page city. Miss Gladys Van, comedienne, passes through San Francisco on the trail of Ollie Mack. who, Page 16 she alleges, betrayed her. B. B. Lee will be charged today with the murder of Thomas McCarthy, a private detective by shoving the point of an umbrella Page 12 into his eye. Prominent Chinese is slain by San Jose high binder in tong war and murderer is captured Page 16 after pursuit in automobile. Fight trust graft cases assigned to Judge Page 16 Dunne for trial. Bank commissioners will decide this morning whether or not the California safe deposit and trust company shall be per mitted longer time in which to strengthen its affairs. Page 5 SUBURBAN Two young Salvadorans captured in San Francisco accused of many robberies in Oak 4 Page land. Preliminary hearing of Mark A. Wilking charged with the murder of Vernie Carmin. be gun before Police Judge Gearry. Dead woman's busband watches prisover in court. Page 4 Directors of Union national bank of Oakland make announcement that the institution has been declared solvent by the national bank exPage 4 sminer. Prisoner in Alameda temporary jail ents. sets fire to mattress and escapes to be recan 4 tured and charged with intoxication. Page Professor Stephens says the young engineers. the pioneers who blaze the way for civilization. are the only men who have romance connected 4 Page with their lives, Modern 'Raffles' is suspected of the theft of jewels worth $2,000 from a fashionable apartPage ment house in Berkeley Death claims Augustine Galindo, aged 80. sioneer citizen of Oakland and member of one of the oldest Spanish Californian families in the 4 Page west Shangbaied boy held 18 months in Arctic returns to tell of hardships in while Page 4 prison. DOMESTIC Republican national committee stands about even on Kansas City and Chicago as convention cities while few votes will decide Page 1 Coal company fixes number of dead or dying in mine disaster in West Virginia at 380, and is 1 Page said to bare ordered coffins for all. J. L. Bristow. formerly assistant postmaster general. investigates plan to establish government steamship line from San Francisco to Page 12 Panama Clara Bloodgood's suicide explained by friends as due to worries over finances. while manager asserts she played too many one night Page T stands. Attempt made to wreck Julius Kruttselmett's Page 12 special train in Texas. COAST Dynamite is used OD potter poles in attempt to plunge Goldfield in darkness: protest entered against calling of troops: eight companies of regulars depart from California for the secue 1 Page of trouble. Those involved in Imperial valley alleged land frauds seek to obtain ruling absolving them Page 7 from all taint. New flowing well proves south Coalinga oil Page 15 field a great producer. Death at Santa Rosa of John Taylor Bowers, a well known piopeer, who was an active memPage 12 ber of the vigilantes. Majority of Sonoma county hon growers an prove the proposed coast organization. Page 11 | Despite protesis, Japanese church will be built in the finest residence section of Page 15 Vacaville Andrew C. Cozad, founder of Norris & Rowe's circus, kills himself at Santa Cruz. Page 15 Two Portuguese fishermen in launch battle against high seas on ocean for seven days and are finally picked up by vessel and towed 10 Page 11 Capitola FOREIGN Prediction made that Taft's visit will result in Page 1 Russian-American alliance Latest Parisian style-of dress for women fts Page 8 the figure with marked tightness. SPORTS Edith R at 100 to 1 and four other long shots win races at Emeryville in sloppy Page 10 going. George Memsfe coming to San Francisco Page 10 range match with Battling Nelson. inake stake Ten starters in Crocker selling Page 10 hard picking for the tarent. me Three winners at New Orleans races from P. Dunne's barn. Page 10 J. Scott Leary defeats George Bromley in-a match swimming race at the Olympic Page 10 club SOCIAL Winter's garety opens last night with cotilion Page at Fairmont hotel Mrs. Crrus Walker is bostess at largest bridge whist party given in this city in several years. Page 8 LABOR Three contributions from the international union have been received by the carmen of this Page a city. MARINE Suorting southwester makes floating property dance to a lively tune and keeps ships from Page 11 going to ses. Japanese liner America Maru ends storiny voyage across Pacific and brings rich cargo from the orient. Page 11 MINING Sending of troops to Goldfield strengthens


Article from Arizona Republican, December 22, 1907

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A BANK'S PRECAUTIONS The Union National of Oakland Made Sure of Its Position. Oakland, Cal. Dec. 21.-The Union National Bank will resume business on Monday with over $30,000 cash on hand and with depositors representing nine-tenths of the $1,200,000 deposits pledged not to withdraw their money for a sufficient period of time to put the bank on a solid basis. The bank some weeks ago took advantage of the holidays to suspend operations.


Article from Los Angeles Herald, January 4, 1908

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BROWN ALLOWED TIME IN WHICH TO ENTER PLEA Disgraced Banker Must Answer to Grand Jury Indictments in Judge Dunne's Court on January 8 By Associated Press. SAN FRANCISCO, Jan. 3.-J. Dalzell Brown was today given until January 8 to plead to the indictment charging him with embezzlement in connection with the disappearance of the Colton estate securities from the California Safe Deposit and Trust company, of which he was formerly general manager. Judge Dunne made an order allowing Brown to visit the vaults of the insolvent bank today for the purpose of getting some private papers. Yesterday was dividend and interest day with the banks, and large sums of money, approximating $6,000,000, were paid over the counters of the savings and trust banks. The panicky feeling which existed some weeks ago has wholly disappeared and conditions in the various banks are practically normal. The savings banks alone paid out in excess of $2,500,000, or were prepared to do SO. It had been thought by some that savings depositors would wait until dividend day and make that an opportunity to draw considerable sums out of the banks. But this prediction failed of fulfillment. Nothing of an unexpected or unusual character occurred at any of the banks. The Union National bank of Oakland reopened its doors yesterday, after seven weeks of inoperation.


Article from The Tacoma Times, April 13, 1909

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BANK CLOSES (By United Press Leased Wire.) OAKLAND, Cal., April 13.-The Union National bank of Oakland, closed its doors this morning and went into the hands of a temporary receiver. In this capacity E. P. Rorebeck, a national bank examiner will act The bank suspended during the recent financial flurry but later, under a new management, resumed business. It was unable. however, to meet its obligations.


Article from Los Angeles Herald, April 18, 1909

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Bank Examiner Suspended WASHINGTON, April 17.-Immediately after the suspension of the Union National bank of Oakland, Cal., a few days ago, Comptroller of the Currency Murray ordered the suspension of Bank Examiner Charles G. Reed, pending an investigation to determine whether the bank was insolvent during the time Mr. Reed had examined it and reported it solvent. A full investigation of the condition of the bank for some time past will be made by the comptroller.


Article from The Salt Lake Tribune, April 18, 1909

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WASHINGTON, April 17.-Immediately after the suspension of the Union National bank of Oakland, Cal., a few days ago, Comptroller of the Currency Murray ordered the suspension of Bank Examiner Charles G. Reed, pending an investigation to determine whether the bank was insolvent during the time Mr. Reed had examined it and reported it solvent. A full investigation of the condition of the bank for some time past will be made by the comptroller.


Article from Arizona Republican, April 18, 1909

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DERELICT EXAMINER His Suspension For Failure to Discover a Bank's Condition Washington, April 17.-Immediately after the suspension of the Union National Bank of Oakland( Cal., a few days ago, Comptroller of Currency Murray ordered the suspension of Bank Examiner Charles G. Reed, pending an investigation, to determine whether the bank was insolvent during the time Mr. Reed had examined it and reported it solvent. A full investigation of the condition of the bank for some time past will be made by the comptreller.


Article from The Salt Lake Herald, April 18, 1909

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EXAMINER SUSPENDED. Washington, April 17.-Immediately after the suspension of the Union National bank of Oakland, Cal., a few days ago, Comptroller of the Currency Murray ordered the suspension of Bank Examiner Charles G. Reed, pending an investigation to determine whether the bank was insolvent during the time Mr. Reed had examined it and reported it solvent. A full investigation of the condition of the bank for some time past will be made by the comptroller.


Article from The San Francisco Call, April 24, 1909

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WILL PRESS BURRELL CLAIM AGAINST BANK / Suit Grows Out of Financing Government Contracts OAKLAND, April 23.-The Burrell suit for $50,000 damages against the Union national bank will be pushed in spite of the fact that A. W. Burrell, plaintiff, died in voluntary absence from this city during phases of the preliminaries to the suit. Attorney M. C. Chapman, who was associated with E. G. Ryker in prosecuting the claim, announced today that the death of Burrell would have no influence in killing the action. The Burrell suit involved the relations between three successive managements of the bank over the financing of contracts which Burrell held for the government at Prescott, Ariz. The contracts were awarded Burrell while Edson F. Adams and Thomas Prather had control of the bank, and they gave him $50,000. J. Dalzell Brown followed and then the bank was closed during the panic. When George Roeth took charge with the reopening of the bank Burrell's advances had totaled $150,000 and then credit was shut off.


Article from Los Angeles Herald, May 4, 1909

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Says Bank Will Pay Dividends OAKLAND, May 3.-E. R. Roreback, United States bank examiner, announced today that he had completed and forwarded to the controller of the currency im Washington his preliminary report on the condition of the Union National bank, which he recently suspended. He declined to discuss his report beyond saying there would be a dividend declared in about three months.


Article from The San Francisco Call, May 8, 1909

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WANT TO RECOVER MONEY DEPOSITED Weiller and Wife Sue Former President of Bank OAKLAND, May 7.-Leon Weiller and his wife, Genevieve Z. Weiller, have begun suits against George Roeth, former president of the Union national bank, now under a receivership. They alleged that they had each $500 on deposit in the bank and that they had been induced to accept capital stock in the bank under a proposed plan of reorganization. They asked to have the sale canceled and the deposit restored.


Article from Los Angeles Herald, May 8, 1909

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of va., Cabell Richmond, lected to succeed John G. Capers of South Carolina as commissioner of internal revenue. Mr. Capers is ill. To License Clubs - Governor Hadley sent a special message to the legislature at Jefferson City, Mo., yesterday in an effort to obtain the enactment of a law requiring a state license for the sale of intoxicants in social clubs. Hearing Delayed-The habeas corpus proceedings for the release of W. F. Ford, cousin of Tirey L. Ford, from the county jail at Oakland, were again put over yesterday by Judge Brown, after listening to two hours' argument. Six Beds Stolen-Six beds and the furnishings of the pest house at Alton, Ill., were stolen by burglars who broke into the unoccupied building. The city authorities now fear an epidemic of smallpox, as it is expected the beds and coverings will be sold. Lumberman Dies-Mrs. Mary Campbell, widow of Capt. John Campbell, lumberman of Port Blakely, Wash., whose sawmill was the largest in the world, died yesterday at Seattle, aged 87 years. The family is widely known in shipping and lumber circles. Shot in Quarrel-Con Enright and William M. Iverson, teamsters, quarreled yesterday at Portland, Ore., over the harnessing of some horses, and in his anger Enright shot Iverson in the back. The latter is seriously but not fatally wounded. Enright escaped. Mrs. Thaw Pays-Evelyn Nesbit Thaw did not go to jail yesterday. Instead. representatives of her counsel paid the receiver appointed to take charge of Mrs. Thaw's affairs the amount of $250, the fine imposed for contempt in failure to appear in supplementary proceedings. There still remains to be paid nearly $100. Triple Tragedy - James A. Dawson, night watchman for a mill company at Three Lakes, a small town near Everett, Wash., yesterday morning shot and killed his wife and 14year-old daughter and then killed himself. The daughter lived long enough to run to a nearby house. It is supposed family trouble caused the shooting. Train Blockaded - The Denver-bound train on the Denver, Northwestern & Pacific railroad (Moffit road), which left Steamboat Springs last Friday morning, is still snowbound within 1000 feet of the snow sheds at Corona. If the blockade is not broken today the mail on the train will be taken by stage to Wolcott and thence to Denver. Court Sustained-The Fresno county court is sustained in a decision handed down yesterday by the appellate court involving the right to irrigation waters. Frank Silva won a suit in the Fresno court against C. H. Hawn to prevent him from obstructing the flow of water in a ditch which led onto the plaintiff's land. The appellate court declares the defendant's appeal to be without merit. Mother to Protect DaughterThe mother of Hazel Moore, the girl to whom the Seattle authorities attribute the downfall of Adjutant General Hamilton of Washington, says she expects her daughter to leave Seattle at once for Oakland. The mother, who lives at 466 Rose street, Oakland. said today: "I will do everything I can for her, because she is my daughter." They have not met for ten years. D. of C. Convention - The delegates to the ninth annual convention of the Daughters of the Confederacy devoted yesterday to pleasure. During the forenoon they took observation cars to many places of interest in and about San Francisco, crossing the bay at noon for luncheon upon the campus of the University of California. In the afternoon they were the guests of Joseph LeConte chapter at Berkeley. Sues for Deposit-During the attempt of George Roeth, James L. De Fremery, R. W. Kinney and George D. Gray to reorganize the defunct Union National bank at Oakland, with a capital stock of $300,000, Leon Veiller, a depositor, was induced to invest $500 in the capital stock of the institution, he alleges in his complaint to recover that amount from the bankers, filed yesterday in the superior court at Oakland. Breaks All Records - Private advices received by Col. N. E. Linsley, chairman of the Spokane naval trophy cup committee, state that the armored cruiser Washington broke all previous records of the United States navy in the recent target practice at Magdalena bay. This means that the Wash-


Article from The San Francisco Call, May 15, 1909

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UNION NATIONAL BANK RECEIVER TAKES CHARGE H. N. Morris Relieves Rorebeck From Temporary Duty OAKLAND, May 14.-H. N. Morris, lately receiver of the Woods' national bank of Austin, Tex., has arrived to take charge for the comptroller of the currency. as permanent receiver of the Union national bank. E. F. Rorebeck, the temporary receiver, has been relieved and will resume his regular work as a national bank examiner as soon as Morris has been made familiar with the bank's condition.


Article from The San Francisco Call, July 9, 1909

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RECEIVER PREPARES CLAIM CERTIFICATES Documents Distributed to Cred= itors of Defunct Bank OAKLAND, July 8.-Depositors in the Union national bank, now in liquidation, are being given by the receiver certificates for the amounts of their claims. When dividends are paid, the sum is entered on the face of the certificate. The documents are transferable, as they represent merely the amount of money due from the bank to a dΓ©positor.


Article from Arizona Republican, November 10, 1909

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GRAND JURY NET CAUGHT BIG FISH ONE OF THEM FORMER CALIFORNIA CONGRESSMAN English and Prater Arrested in Connection With Failure of Oakland Bank San Francisco, Nov. 9.-As a result of the failure of the Union National Bank, of Oakland, Thomas Prather, who was president of the bank, and former Congressman Warren B. English, former director of the defunct institution, surrendered themselves to the United States marshal this afternoon when they learned that he held warants against them on indictments drawn by the federal grand jury, charging them with misapplying the funds of the bank. The indictments were returned secretly several days ago, but no attempt was made to serve warrants until today. The accused men were notified that they were wanted early in the day, and when they appeared at the office of United States Marshal Elliott, they were provided with bondsmen. who put up $5,000 for the release of each. The bank in which the alleged frauds were committed was acquired August, 1906. by the California Safe Deposit and Trust company, and shortly after that institution failed the Oakland bank suspended business. At the time an investigation was commenced by the comptroller of the currency, but no formal charges were made against the officials of the bank until the last session of the federal grand jury for the northern district of California. The two bankers are jointly indicted on the charge of making various dummy loans. The first count charges Prather with making a loan of $2.203.50 to English on insufficient surety, and without the knowledge and consent of the directors. The count charges that Prather knew at the time the note was not good for the amount borrowed, and the bank lost the sum" loaned. The second count is a repetition of the first, except that the sum of $1.100 is involved. The third count charges that Prather loaned $34,000 to I. Harrison Clay on an agreement that the money aws to be for the use and investment of the bank president. It further alleges that subsequently, without the knowledge and consent of the directors, he compelled the bank to accept $19,000 and the promissory note of I. H. Clay for $15.000 in full satisfaction of the sum, $34,000. Both the indicted men are well known in financial and political circles. English was elected to congress on the democratic ticket, and has been an active worker in the national councils of the party. Besides having held the 'presidency of the Union National Bank, Prather is connected with some of the largest corporations in the state.


Article from Albuquerque Morning Journal, November 10, 1909

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FEDERAL WARRANTS FOR BANKERS IN SAN FRANCISCO Prominent California Financiers Required to Give Bond on Charge of Misapplying Funds of National Bank. [By Morning Journal Special Leased Wire] San Francisco, Nov. 9.-As the result of the failure of the Union National bank, of Oakland, Thomas Prather, who was president of the bank, and Former Congressman Warren B. English, who was a director in the institution, surrendered themselves to the United States marshal today when they learned that he held warrants against them on indictments drawn by the treasury department, charging them with misapplying the funds of the bank. The indictments were returned secretly several days ago, but no attempt was made to serve the warrants until today. When the two men appeared at the office of United States Marshal Elliott they were provided with bondsmen, who put up $5,000 for the release of each of the bankers. The bank in which the alleged frauds were committed was acquired in August, 1906, by the California Safe Deposit & Trust company and shortly after the latter institution failed the Oakland bank suspended business. The two bankers are jointly indicted on the charge of making various dummy loans. The first count charges Prather with making two loans, one for $2,203.50 and another for $1,100. to English on insufficient surety and without the knowledge or consent of the directors. A third count charges that Prather loaned $34,000 to I. Harrison Clay on the agreement that the money was to be for the use and investment of the bank. Former Congressman English said: "I am not guilty of any wrong-doing. I did not know what the charge is and am not conscious of having violated any laws of the United States." Both of the indicted men are well known in financial and political circles. English was elected to congress on the democratic ticket and he has been an active worker in the national councils of his party. Besides having held the presidency of the Union National bank. Prather is connected with some of the largest corporations in the state.


Article from The San Francisco Call, November 12, 1909

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DEPOSITORS OF DEFUNCT BANK HOLD MEETING Committee Named to Confer With Federal Receiver OAKLAND, Nov. 11.-A meeting of depositors of the defunct Union national bank was held tonight at the offices of Frank L. Rawson in the Bacon block. A committee composed of James J. Paul. E. Hilling, Frank L. Rawson, E. E. Needham and W. L. Peterson was appointed to confer with H. N. Morris, the federal receiver, on the prospects of liquidation. They will report November 18.


Article from Evening Bulletin, November 17, 1909

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Former Mayor Sued.-Oakland. Nov. 3.-Receiver H. N. Morris of the Union national bank has filed suit to collect $2901 on a promissory note alleged to have been given by former Mayor John L. Davie.


Article from The San Francisco Call, January 19, 1910

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UNION NATIONAL TO PAY SECOND DIVIDEND Defunct Bank's Receiver to Refund Part of Deposits OAKLAND, Jan. 18.-Receiver Morris, of the defunct Union National bank, has paid depositors in that bank 25 per cent of the amounts of their deposits and now announces that he is ready to pay an additional dividend of 30 per cent, making 55 per cent to date. Checks for the new dividend are now ready. Morris assures all depositors that they will be refunded the full amount of their deposits, in time.