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national
93d526a934700de4Full suspension, Books examined
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Bank at The Dalles Closed. THE DALLES, July 31.-The First National Bank closed its doors this morning. The suspension was due to the closing of the Commercial Bank, Portland. The First National bank of East Portland, Oregon, failed to open its doors Monday. Officers of the bank say the suspension is temporary. The statement published July 12, shows resources to be 8300.000; deposits, $150,000.
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Temporary Suspensions, PORTLAND, OREGON, July 31.-The First National Bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. s statement published July 12 shows the resources of the bank to be $825,000; deposits $150,000. THE DALE, OREGON, July 31.-The First National Bank closed its doors this morning. The suspension is due to the closing of the Commercial Bank of Portland. PENDLETON. OREGON. July 31.-The Pendleton Savings Bank has temporarily suspended. R. Cox has been appointed receiver. Assets $250,000; liabilities $135,000.
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TWO OREGON BANKS. PORTLAND, Ore., July 31.-The First National bank of East Portland failed to open its doors this morning. and officers of the bank say the suspension is temporary. The statement published July 12 shows resources $325,000: deposits, $160,000. The Dalles. Ore., First National bank closed its doors to-day. The suspension was due to the closing of the Commercial National bank of Portland.
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DONE IN THT DALLES. The Dalles, Or., July 31.-The First National Bank closed its doors this morning. A notice posted on the doors states the bank has closed temporarily until it can make collections. There has been no run on any bank here, and it is supposed the suspension of the Commercial National, of Portland is the direct cause of the trouble. Jno. S. Schencke is president, and H. M. Beall, cashier, D. P. Thompson of Portland is one of the heavlest stockholders. All the other banks are open and no runs are anticipated.
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TELEGRAPHIC BY ASSOCIATED PRESS TO JOURNAL-MINER. The Daily List of Bank Failures. Akbon, O., August L-The Akron Savings bank has failed. PORTLAND, August 1.-The First National Bank in East Portland and the First National Bank at the Dalles have failed. ASHLAND, WIS., August 1.-The First National Bank here has failed. Runs are being made on other banks but it is thought they can stand the pressure. SPRINGFIELD, Mo.August 1-The Springfield Savings bank has failed. Judge Ross Hits the Geary Act. Los ANGELES, August 1.-United States Judge Ross has decided that the part of the Geary Act prescribing punishment for Chinese illegally in the United States, is contrary to the constitution and void. He decided that the deportation clause is legal. A Big Fire in Frisco. SAN FRANCISCO, Aug. 1.-A fire last night destroyed Buyer & Reich's dry goods store. The loss is estimated at $100,000. The Silver Convention in Session. Chicago, Aug. 2-The National Convention of bi-metalic leagues began here this morning. Prominent silver men from all parts of the continent are in attendance. Burned Out the Chinamen. DENVER, Aug. 2.-The white miners at Como burned the headquarters of the Chinese miners. Eight Chinese miners are supposed to have burned to death. It Will Make Good Pork. TOSTORIA, OHIO, Aug. 2.-On account of the low price of wheat, farmers here are feeding wheat to hogs. Another Failure. Philadelphia, Pa., Aug. 2-The Philadelphia Packing Company has failed for a large amount.
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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.
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Cudahy, the great Chicago dealer in hog and hog products, went up the flume financially speaking Tuesday. He was supposed to be worth $20.000.000, and will no doubt be able to clear up a few millions from the wreck. There was a slight run on The Dalles' banks Monday, following the closing of the First National, but there was plenty of money in sight, and it soon subsided.
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A Datles Bank Closes. The First National bank of The Dalles closed its doors Monday. Soon after the bank opened $10.000 were drawn out, and the cashier anticipating a run closed up. According to the statement made Saturday night the bank has assetts of $133.139; liabilities $73.382. The general opinion in The Dalles is that the cashier acted hastily, and that there was no occasion for closing. We understand parties in The Dalles stood ready to back the bank for quite a large sum, and city depositors would not have taken out a dollar.
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An Oregon Bank to Reopen. THE DALLES (Or.), Ang. 25.-The First National Bank, which suspended July 31st, will reopen to-morrow.
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IN TROUBLE AND OUT. What Is Being Done About Various Banks That Have Collapsed. WASHINGTON, Aug. 25.-The First National Bank at The Dalles, Oregon, has been authorized to reopen its doors to business. THE DALLES, Or., Aug. 25.-The First National Bank, which suspended July 31, will reopen to-morrow. CHIPPEWA FALLS, Wis., Aug. 25.-The
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ASSIGNMENT OF AN ILLINOIS BANK. THREE WESTERN INSTITUTIONS RESUME BUSINESS AFTER SUSPENSION. Paxton, Ill., Aug. 25.-The Ford County Bank, with liabilities of $99,500 and assets of $154,000, assigned this morning to J. H. Moffett and C. H. Yeomans. The cause of assignment was the failure to realize on notes and other paper due. The securities are said to be ample, and with proper management the assignees hope to realize sufficient money to meet all liabilities. Owing to the suspension of the Ford County Bank, the First National Bank closed its doors for a few, minutes only to hold a meeting of its Board of Directors and citizens, who determined that it should instantly resume business. The bank is now open as usual. People deposited freely to-day. Milwaukee, Aug. 25.-A dispatch from River Falls, Wis., says: The Bank of River Falls, which suspended one week ago, resumed business yesterday. San Bernardino, Cal., Aug. 25.-The Farmers' Exchange Bank reopened yesterday. Washington, Aug. 25.-The First National Bank of the Dalles, Ore., suspended payment on July 31. Having complied with the conditions imposed by the Controller of the Currency, and its capital stock being unimpaired, it was to-day permitted to reopen its doors to business.
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TELEGRAPHIC BREVITIES. W. L. Johnson has been appointed postmaster at Saratoga, Wyo., vice May Ferguson, removed. First National bank of The Dalles, Or., which suspended July 31, will reopen for business today.
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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.
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THESE BANKS HAVE RESUMED BUSINESS GOOD PROSPECTS FOR MANY OTHER OF THE SUSPENDED INSTITUTIONS. 'Vashington Aug. 2,-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock $125,000; Gate City National Bank, Atlanta, $250,000; Capital National Bank, Indianapolis, $300,000; Washington National Bank, Spokane Falls, $250,000: First National Bank, Palouse City, Wash., $75,000: Southern California National Bank, Los Angeles. $200.000: First National Bank, Los Angeles, $200,000; First National Bank, San Diego, $300,000; First National Bank, Santa Ana, $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, $50,000; Missouri National Bank, Kansas City, $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, $1,000,000; National Bank of Commerce, Denver, $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, $600,000; First National Bank, Anthony. Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Ore., $50,000; Wanpaca County National Bank, Waupaca, Wis., $50,000; Waxahackie National Bank, Waxahackie, Tex., $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000; total, $6,030,000. Since January 1 last 145 National banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of National Bank Examiners with excellent prospects of early resumption, in addition to the thirty-four above named, which have already resumed.
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The first of the suspended na tional banks in Oregon to reopen IS the First National bank at The Daller which was put in charge III new bank examiner E
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BANKS THAT HAVE RESUMED AN AVERAGE OF ONE A DAY, WITH MORE IN PROSPECT. The banks that have suspended resumed during the past two weeks, as follows: Greeley National bank, Greeley, Col., Aug. 14. Armourdale bank, Armourdale. Mo, Aug. 16. First National bank, Fort Scott, Kan., suspended July 18, resumed Aug. 16. First National bank, Rico, Col., suspended June 30, resumed Aug, 16. American National bank, Leadville, Col., closed its doors July 1, resumed Aug. 17. First National Bank, Anthony, Kan., suspended July 20, resumed Aug. 18. Union National bank, Denyer, Col., suspended July 18, resumed Aug. 21. Citizens' National bank, Attica, Ind.. Aug. 21. People's National bank, Denver, Col., suspended July 19, resumed Aug. 21. Central National bank, Pueblo, Col., suspended July 5, resumed Aug. 21. Hamilton County State bank, Fort Dodge, Ia., suspended Aug. 7, resumed Aug, 21. City Saving bank, Nashville, Tenn., Aug. 22. Henning's bank, Plain, Ill., Aug 22. First National bank, The Dalles. Ore., suspended July 31, resumed Aug. 25. Fourth National bank, Louisville, Ky., suspended July 22, resumed Aug. 26. Comptroller of the Currency Eckels has fixed the time for the resumption of several suspended banks as follows: Farmers' Exchange bank, San Bern ardino, Cal., Aug. 25. The Fall River (Wis.) bank, Aug. 25. First National (Mankato, Minn.) Sept. 1. Mankato National, Mankato, Minn., Sept. 1. Citizens' National, Mankato, Minn., Sept. 1. Permission to resume has also been given to the following banks: First National, Vernon, Tex. First National, San Marcos, Tex. First National, Lockhart Tex. The stockholders of the National, bank of Kansas City, Mo., met Friday and decided to resume busin SS.
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NATIONAL BANKS RESUME. Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capitalstock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind; $300,000. Washington national bank. Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Southern California national bank, Los Angeles, Cal: $200,000. First national bank. Los Angeles, Cal.: $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal : $150,000. First national bank, Kendalisville, Ind: $50, 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank Rico. Col: $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank. Cisco, Tex.: $50,000. American national bank, Leadville, Col.; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $230,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col: $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; £600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon. Tex: $100,000. Fourth national bank. Louisville, Ky.; 8300,000. First national bank. The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, Wis: $50,000. Waxahachie national bank, Waxahachie, Tex.: $100,000. Citizens' national bank, Attica, Ind: $50,000. First national bank, San Marcos, Tex: $80,000. First national bank, Lockhart, Tex: $50,000. Total capital stock, $6,030,000. Since January 1 last 154 national banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of bank examiners with excellent prospects of early resumption, in addition to the thirty-four above named which have already resumed business.
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# The Oregon National Bank. WASHINGTON, Dec. 12.--Lionel V. Stagg, who has been national bank ex- aminer, was to day appointed receiver of the Oregon National bank. Stagge made his report to Controller Eckels, and, after going over the affairs of the bank, the receiver was determined upon. Eckels says the appointment was unsolicited, and was make because he believed Stagge was well qualified for the place. Mr. Stagge is the editor of Pacific Banker and Investor, He was appointed bank examiner last August by Controller Eckels, and placed in charge of the First National bank of The Dalles, which by his rapid work, gained the honor of being the first of the suspended banks in the state to resume business. He is a bright young man, and under his direction the affairs of the Oregon National will doubtless soon be straightened out.
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the wonder is, in what shape the next misfortune will come. Closed the Wrong Bank. EDITOR CHRONICLE:-I notice in your issue of yesterday a statement that the Arlington National bank had closed its doors. This is a mistake as the Arlington National is in good shape, has not closed, and will not. It was the First National that went down. G. V. BOLTON. We are pleased indeed to correct the statement. We took particular pains to trace the report to what we considered reliable authority, but our informant being in error naturally we got in too. This is the first bank we were ever able to make a run on sufficient to close it, and this was entirely unintentional.