Dalles National Bank (The Dalles, OR)

Episode Information

Episode UID
353401169
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
35340 national
Charter Number
3534
Start Date
May 7, 1897
Location
The Dalles, Oregon (45.595, -121.179)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a6b41bb3c9bcc021

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-05-07
Date receivership terminated
1903-05-15
OCC cause of failure
Fraud
Share of assets assessed as good
24.8%
Share of assets assessed as doubtful
65.4%
Share of assets assessed as worthless
9.8%

Description

Articles state Examiner Clary closed the bank by instruction of Comptroller; stockholder disagreement cited as immediate cause.

Events (4)

1. July 16, 1886 Chartered
Source
historical_nic
2. May 7, 1897 Receivership
Source
historical_nic
3. May 7, 1897 Receivership
Newspaper Excerpt
Mr. Clary is in charge as temporary receiver, and a permanent receiver will be appointed soon.
Source
newspapers
4. May 7, 1897 Suspension
Cause
Government Action
Cause Details
Closed by bank examiner on telegraphic instructions from Comptroller Eckels; immediate reason reported as disagreement among stockholders.
Newspaper Excerpt
Bank Examiner Charles Clary posted a notice at 10 a. m. today on the door of The Dalles National bank, closing it.
Source
newspapers

Newspaper Articles (20)

Article from The Seattle Post-Intelligencer, May 8, 1897

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THE DALLES BANK CLOSED. Disagreement of Stockholders Responsible for the Failure. THE DALLES, Or., May 7.-Bank Examiner Charles Clary posted a notice at 10 n. m. today on the door of The Dalles National bank. closing it. This action was taken against the advice and protest of the bank officers. Malcom A. Moody, cashier, had nothing to say in regard to the failure except that depositors would be paid in full. The officers of the bank are: President, ex-Gov. Z. F. Moody: vice president, Charles Hilton: cashier. M. A. Moody. It is thought here that the failure will not affect any business houses in The Dalles, although the bank had a large mercantile clientage. It is reported that a disagreement among the stockholders led to a closing of the institution. No statement of assets and .1abilities has been made. Bank Examiner Clary stated that he had received telegraphic instructions from Comptroller Eckels authorizing him to close the bank Wednesday. The Dalles city and Wasco county had deposits aggregating $10,000. Mr. Clary is in charge as temporary receiver, and a permanent receiver will be appointed soon. It is impossible to obtain any Information about the condition of the bank. Examiner Clary refuses to give out any figures.


Article from The Salt Lake Herald, May 8, 1897

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OREGON BANK CLOSED. It Was Against the Advice and in Spite of the Protest of the Officials. The Dalles, Ore., May 7.-The Dalles National bank was closed today by Bank Examiner Charles Blary, against the advice and in spite of the protest of the bank's officers. Malcolm A. Moody, cashier of the bank, had nothing to say regarding the failure. except that depositors would be paid in full. The bank had a large mercantile clientage, but it is not thought that the failure will affect any business houses in The Dalles. The immediate cause of the closing, it is said, was a disagreement among the stockholders. No statement of assets and liabilities has yet been made. Bank Examiner Clary stated that he had received telegraphic instructions from Comptroller Eckels authorizing the closing of the bank on Wednesday. Clary is in charge as temporary receiver, pending the appointment of a permanent receiver.


Article from The Dalles Times-Mountaineer, May 8, 1897

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THE DALLES NATIONAL CLOSED. Bank Examiner Clary Took Charge This Morning. Greatly to the surprise of overybody in The Dalles. the Dalles National bank was not opened this morning, the following notice being posted on the door: "This bank is in the bands of the comptroller of the currency. "CHAS. CLARY, Bank Examiner." Examiner Clary had been in the city so ne two weeks, and left for Portland last Wednesday. Returning on the 6 o'clock train last night he informed Cashier M. A. Moody that he would take charge of the bank. It was therefore closed this morning against the protest of the bank officers. and Mr. Clary is in charge. Mr. Moody, who has been casbier of the bank ever since it was established ten years ago, says the establishment is perfectly solvent, and will be able to pay all depositors in full. The bank is the depository for the treasurer of Dalles City and The Dalles water works, several thousand dollars belonging to the city and some of the water commission funds being deposited with the bank. A small amount of county funds was also deposited by County Treasurer Phillips with The Dalles National, though not enough to embarrass the treasurer. [The Dalles National bank was established in 1887 with a capital stock of $50,000, and for the past ten years, under the management of M. A. Moody as cashier, has pursued a liberal and broad-gauge policy. It has a large line of clients among the wool raisers and farmers of this, Crook, Gilliam and Sherman counties, besides a liberal patronage among the business men of The Dalles. The bank withstood the panic of 1893, having been able to meet all demands made upon it, and that too without discommoding any of its debtors, it never having been compelled to entirely close outยฎ a single customer. The securities of the bank, though many of them overdue, are considered good and can be converted into cash so soon as the present clip of wool can be placed on the market. The bank LIB has successfully carried a large number of sheepmen during the depressing times of the past few years, when alc most every wool raiser in the country n has been going behind, but now that p the prospects for wool raisers are im. proving, it is quite certain that within G ninety days it could have met the dea mands of every depositor in full. The 4 directors of the bank are Z. F. Moody, Chas. Hilton and G. A. Hogue, all of 1 whom have large holdings in real estate and personal property, and it is l' expected they will soon be able to SO arrange matters as to be able to reopen a the bank for business. The suspension of the bank will not affect the business of the Moody warehouse, as d n its business is conducted separately from the bank.] t


Article from The Record-Union, May 8, 1897

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A BANK'S DOORS CLOSED. Disagreement Among the Stockholders Said to be the Cause. THE DALLES (Or.), May 7.-Bank Examiner Charles Clary posted a notice at 10 a. m. to-day on the door of The Dalles National Bank, closing it. This action was taken against the advice and protest of the bank's officers. Malcom A. Moody, the cashier, had nothing to say in regard to the failure, except that the depositors would be paid in full. The officers of the bank are ex-Governor Z. F. Moody, President; Charles Hilton, Vice-President, and M. A. Moody cashier. It is not thought here that the failure will affect any of the business houses in The Dalles, although the bank had a large mercantile clientage. It is reorted that a disagreement among the stockholders led to the closing of the institution. No statement of the assets and liabilities has been made. Bank Examiner Clary stated that he had received telegraphic instructions from Comptroller Eckels authorizing him to close the bank Wednesday. Dalles City and Wasco County had deposits aggregating $10,000. Mr. Clary is in charge as temporary receiver and a permanent one wil be appointed soon.


Article from The Ely Miner, May 12, 1897

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the inflow of water into the Kelloe colliery near Durham, England. LATER. The business of the third annual convention of the National Municipal league was finished at Louisville, Ky. The National Mauufacturing company, which was branded by the attorney general of Wisconsin as a trust and proceeded against on that ground, has filed formal papers at Oshkosh dissolving the corporation. An engagement began early the 7th near Velestimo and lasted several hours, the Turks finally beating the Greeks back. The latter retreated upon Volo, sharply pursued by the Turks. A brutal prize fight occurred near Allegan, Mich., the 7th. Eddy Shannon, of Detroit, and Lew Agnew were the pugilists. The men kept at it until the 45th round, when both fell from exhaustion, dripping with blood. The Exchange bank at Atkinson, Neb., suspended the 7th. The Dalles (Ore.) National bank was closed the 7th by the bank examiner. The immediate cause of the closing was a disagreement among the stockholders. The Iowa legislature has adopted the wild rose as the official state flower. Four people were murdered at the farm house of Alexander Harris, near Waukesha, Wis., the. 7th. the victims being Mr. Harris, his wife, hired girl and hired man. The crime was committed by a farm hand named William Pouch, who had been sheltered by the farmer over night. The dead and wounded are: Alexander Harris, aged about 45 years, killed outright. Mrs. Harris, aged 44 years, killed. Hired girl, fatally wounded. Hired man, probably fatally wounded. Col Manos wires from Arta that the Turks have begun a wholesale massacre of the inhabitants in the interior of Epirus. Almost all the inhabitants of of the village of Kanvariena have been murdered, a few only escaped to the mountain. W. J. Calhoun, of Illinois, special counsel for the United States government, has gone to Cuba to investigate the conditions under which Dr. Ruiz met his death in the jail at Guanabacoa. A duel with sabers between Herr Wolff and M. Herica, two Austrian deputies resulted in the wounding of both. The little steamer Pinta which has served as a gunboat for many years in Alaskan waters has been ordered home to Mare Island. She has outlived her usefullness. The Turks have completely occupied and burned Velestino. Violent shocks of earthquake were felt at Rome and other points in Italy. Ex-Vice President Adlai E. Stevenson, Gen. J. C. Payne and United States Senator E. O. Wolcott, who were recently appointed by President McKinley as a commission to confer with the heads of European goyernments relative to the holding of an international bimetallic conference, sailed for Europe on the French liner La Touraine. Rosse Hall at Kenyon college, Mt. Vernon, Ill., was totally destroyed by fire causing a loss of $10,000. The hall was built by money raised in England. The Mallory line steamer Leona, bound from New York to Galveston, Texas, caught fire when a short distance at sea and was obliged to put back to port. When she reached New York 13 of the steerage passengers and three of the crew were dead. Among the documents recently captured from the insurgent leader Aguirre, was found one appointing Maj. Gen. Pedro Diaz as the successor of Rius Rivera. The Greek government has informed the ministers of the powers verbally that, following the recall from Crete of Col. Vassos, 25 officers and two companies of Sappers, the gradual withdrawal of troops from the island of Crete will take place. After a brief delay the powers will offer to mediate between Greece and Turkey. The queen regent of Spain has issued a decree authorizing the raising of ยฃ8,000,000, to be secured by the customs duties of Spain, to meet the cost of military operations in Cuba and the Phillippine islands. The Bank of Spain will undertake the issue. Wm. H. Phillips, a prominent attor-


Article from Condon Globe, May 14, 1897

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11 roads this year, and scareely any e e public roads of the county have yet worked. At the next general ele 8 the voters of this county will sh = their votes how the "change" suite 0 It is generally supposed that I 1. can not be grown without irrig a which is a mistake. It is one o 8, hardiest grasses in the world, which in been proven by a number of peo this section, who have raised y crops of it on our high bunch-grass it Al Henshaw has as pretty a patch 0 falfa in Condon as one could fine d where, standing about a foot hig as "thick as dog on a hare's back. K Rev. August Bade of Weston, a P man only 21 years of age, has be II pointed to preach here this sur y perhaps longer, if he desires to He will deliver his first sermon 1, next Sunday, 16th. The young re no doubt will be pleased to learn n he is a single man. Put on your 10 bib and tucker and smiles and con n Sunday. Rev. Olds, also of W will soon assist him in holding a r rs here. nt Joe Mattingly met with a terril 8cident early this morning. He , 1e the way to Arlington with R load o and while coming up the new roa to Thirtymile, the wagon ran over on large rocks in the road and upset rn a steep embankment, crippling a his horses and smashing his wago splinters. And yet it is only a con days since one of the county ros er chines was over that road. Thi ed likely call for a heavy damage in against the county. The new ro rtem works "beautifully." The failure of The Dalles Nr ed bank last Wednesday caused a ri k, excitement in this county, whe of bank had a number of patrons, w 08money in it. Among the num this section who had money on e there are Rettie & Patterson, the men, amounting to about $1200 he Smith of Hay creek, about $1000; Pliter about $900; Barr & Dunn es $750, and Shed Grider. The Plat ecley Sheep Co. of Wyoming, for w ore W. Blake is buying sheep, had $15,000 in the bank. A great others in this county were cang ay for various sums. usual when ent fails, the officers say the deposite his be paid in full. Z. F. Moody of is president; Charles Hilton, vie an. dent, and M. A. Moody, cashier. deExaminer Clary is now in charge bank and a receiver will be appoi a few days. 188 If our county court were as par ere and "grannyish" in dealing w rk. his Group for atationers book


Article from The Neihart Herald, May 15, 1897

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years for sand bag. Sharkey and Maher are matched to fight about June 10. The Dalles Nat. bank, Ore., has suspended publication. Tramp farmhand murders a family or two near Waukesha. In a New York fire 4,500,000 dozen eggs are scrambled. Two girls in Washington state electrocuted by lightning. Germany is kicking on the high rates of the Dingley tariff. The powers are about to intervene between Turkey and Greece. Gen. Wheaton, U. S. A., has been retired after 47 years of service. John Farnum at Baker city, Ida., dies because he is not amphibious. All the boats built for the Kootenai ore trade have been wrecked upon rocks. Bank president Nelson of Richmond blows out the gas, and his heirs rejoice. Two pugs pound each other 45 rounds at Allegan, Mich. Both fall exhausted. Twenty men in Weston, W. Va., tar and feather two women, supposed to be bad. Passenger train on the Fe road leaves the track at Lamar, Colo, and kills a few. The whole country east of Guffey, Colo., is free milling ore, $3 to $9 a ton in value. Colored miners near Birmingham have a scrap de pick handles with results funereal. K Extreasurer Martin of the Columbia University is in hock for scooping the funds. h Cashier Espe of the Radcliffe Savings bank, Ia., lelt with $30,000 not his own. He never came back. W. H. King, Boston, and Col. Busk of Virginia, sah, fight a bloodd less duel in Lincoln park, Chicago. t S A vote just taken in the Knights of labor shows 99 percent of that body favorable to free and independent coinage, 16 to 1. g k Lee Reilly, linotypist, takes the Sworld's championship at Leadville O Colo., setting 105,300 nonpareil ems ts in 7 hours 10 minutes. 's The dam workers upon the Mis souri river at Canyon Ferry have quit the dam enterprise until the spring freshet subsides. n SNew alien laws in British Colum nbia shuts out American citizens fion ut right to locate upon governmen nland. Many of the Americans wil come home. 1of Private Wilson of Co. G, COO to troop, U.S. A., stationed at Missou le la, is jugged for attempting to mur es der a lady of color residing in "Rot vn ten Row," that city. aTom Carroll of Oakland smashe pthe world's professional record fo a hammer throwing. He hurled a 1 pound hammer 158 feet, and th eight pounder 2231 feet. to


Article from The Daily Morning Astorian, July 25, 1897

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DOLLAR FOR DOLLAR. The Dalles, Or., July 24.-H. S. Wilson, receiver of The Dalles National Bank, which suspended May 6th last, states that Comptroller Eckles has ordered a 25 per cent dividend as soon as the proper schedule and checks are received from Washington. Mr. Wilson is sanguine that the bank will ultimately pay dollar for dollar.


Article from The Dalles Daily Chronicle, August 20, 1897

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FRIDAY, - - - AUGUST 20, 1897 NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be disallowed. Washington, D. C., June 5, 1897. JAMES H. ECKELS, Comptroller.


Article from The Dalles Daily Chronicle, August 26, 1897

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NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be disallowed. JAMES H. ECKELS, Comptroller. Washington, hy D. C., June 5, 1897.


Article from The Dalles Daily Chronicle, August 27, 1897

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NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be disallowed. Washington, D. C., June 5, 1897. JAMES H. ECKELS, Comptroller.


Article from The Dalles Daily Chronicle, August 31, 1897

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NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be: disallowed. Washington, D. C., June 5, 1897. Comptroller. BV H. ECKELS,


Article from The Dalles Daily Chronicle, September 3, 1897

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FRIDAY SEPTEMBER 3, 1897 NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be disallowed. Washington, P. June 5, 1897. ME H. ECKELS, Comptroller. Sentis


Article from The Dalles Daily Chronicle, September 4, 1897

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NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof, or they may be disallowed. Washington, D. C., Jane 5, 1897. Comptroller. sens JAMES H. ECKELS,


Article from The Dalles Daily Chronicle, September 7, 1897

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NOTICE. All persons having claims against The Dalles National Bank, of The Dalles, Oregon, must present the same to H. S. Wilson, receiver, with the legal proof thereof, within three months from the date hereof. or they may be disallowed. Washington, D. C, Ju e 5, 1897. JAMES H. ECKELS, Comptroller.


Article from Condon Globe, February 11, 1898

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H. S. Wilson, receiver of The Dalles National bank, has been authorized by the controller of currency to declare another dividend of 20 per cent to creditors of the bank, and has the money on hand to redeem receiver's certificates to that amount. This makes a total of 70 per cent that has been paid on the liabilities of the defunct bank.


Article from Lincoln County Leader, April 22, 1898

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Malcolm A. Moody, president of the national bank at The Dalles, which suspended some months ago, being out of job, is running for congress in the second district, nominated by the republicans. An appropriate nominee for a goldbug party, truly.


Article from The Dalles Times-Mountaineer, August 12, 1899

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SHERIFF'S SALE. In the Circuit Court of the State of Oregon for Wasco County. H. S. Wilson, as receiver of The Dalles National Bank of Dalles City, Oregon, a corporation, plaintiff. vs


Article from The Dalles Times-Mountaineer, September 2, 1899

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SUIT FOR $8,500 TRIED. A Chicago Firm Complainant VS. The Dalles National Bank. The case of Greer, Mills & Co., against The Dalles National bank was tried yesterday forenoon in the United. State court before Judge Bellinger It is a suit to recover $8500 paid by the complainant just before the failure of The Dalles National bank in 1897. Greer, Mills & Company are a Chicago stockyard firm, who contracted in 1897 to purchase sheep of one Blake, to be delivered at The Dalles, and authorized The Dalles National bank to draw on them for $13,500, to be paid out to Blake as the sheep were recieved at The Dalles. On May, 1 the bank at The Dalles drew on Greer, Mills & Company for $8500. This draft was received by the First National bank of Chicago on May 5, and the amount credited to The Dalles National bank; the draft was sent to the Chicago bank's correspondent at the stockyards, and the money of Geer. Mills & Company actually came into possession of the Chicago bank on May 7. On this same day, May 7. The Dalles National bank did not open its doors, but passed into the hands of the controller of the currency. In other words, it had failed, although it has since paid depositors in full, and has resumed business and is responsible for any legal debts. Hence Greer, Mills & Company are trying to get their money which went into the hands of the receiver of the bank, and went to pay depositors. Judge Bellinger will take the case under advisement.


Article from The Dalles Times-Mountaineer, December 2, 1899

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Notice. All creditors of The Dalles National bank, who have not proved their claims, should present them at once for proof and allowance, or otherwise they may be barred. Any creditor who wishes to prove his claim will receive the proper affidavit on application to the receiver.