First National Bank (Arlington, OR)

View Charter #3676 on SPMC View balance sheet

Episode Information

Episode UID
367601135
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
36760 national
Charter Number
3676
Start Date
July 24, 1894
Location
Arlington, Oregon (45.717, -120.201)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b211fda61dc9aa8e

Response Measures

None

Receivership Details

Depositor recovery rate
23.0%
Date receivership started
1894-08-02
Date receivership terminated
1898-04-27
OCC cause of failure
Excessive lending
Share of assets assessed as good
36.1%
Share of assets assessed as doubtful
38.4%
Share of assets assessed as worthless
25.5%

Description

Sources give slightly different closing dates (July 24 vs July 26) in contemporary reports.

Events (4)
1. April 21, 1887 Chartered
Source
historical_nic
2. July 24, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Loose/inefficient management and officers distracted by other business interests leading to bank failure
Newspaper Excerpt
The news of the suspension of the First National bank of Arlington on Tuesday morning, 24th, caused quite a ripple of excitement
Source
newspapers
3. August 2, 1894 Receivership
Source
historical_nic
4. August 2, 1894 Receivership
Newspaper Excerpt
Richard T. Cox of Pendleton has been appointed receiver of the First National Bank of Arlington, Ore.; which was closed to business July 26.
Source
newspapers

Newspaper Articles (14)
1. July 27, 1894 Condon Globe Condon, OR
Article from Condon Globe, July 27, 1894

Click image to open full size in new tab

Article Text

jeweler and we bespeak for him a healthy business. He has engaged Mr Robinson to assist him several weeks. All our people interested in a good school will be glad to learn that the prospects are good for opening a norma school at Condon this fall with Prof. o M. Given of Indiana as instructor. He has concluded to come providing satis factory arrangements can be made by our people. Those wishing to send pupils or learn particulars should apply at once to L. W. Darling, who has the subscription paper. This matter is too important to neglect. C. H. Crawford, the gambler who had Myron Hamilton arrested and bound over to the grand jury on suspicion of having stolen $140 from him while asleep in the Jordan hotel at Arlington, found his money a few days ago in the bed where he had put it himself. The proper thing to do in this case is to tax the costs of prosecution up to the proseentor, besides fine him the $140 for his carelessness. It would have a tendency to discourage such cases. While Misses Birdie and Dora Downing were returning home Friday evening from Beecher Flat, a short distance east of town the cart struck a rock in the road, tilting it in such a manner as to throw Miss Birdie out and'in front of the cart, which ran over her. She was pretty badly hurt, and has been under the doctor's care since. The doctor thinks she will beable to begin teaching again in about a month, having been engaged to teach the fall term of the Mayville school. Married, at Condon on Monday, July 23, 1894, Mr. Albert Collins and Miss Julia Conture, both of Ferry Canyon The ceremony was performed in the Catholic church of this place by Father Busha of Pendleton, and was witnessed by a large number of friends. Misses Susan Dunn and Carrie Danneman acted as bridesmaids and Messrs. R. H. Rob inson and John Couture as groomsmer for the happy event. In the evening pleasant ball was given in the hall in their honor. The GLOBE extends the usual congratulations. The news of the suspension of the First National bank of Arlington or Tuesday morning, 24th, caused quite I ripple of excitement among our people when they first learned of it next day A dozen or more of our business men are "nipped" to the tune of several hundred dollars or more, and a number of them for small amounts. One of the most dif ficult things for the public to understand is why the bank's last quarterly state ment represented it to be in a flourish ing condition. The Arlington Record even commented upon the bank's sound financial condition. F. C. Rollo, the cashier, we are informed, says the de positors will not lose anything, as there is enough money on hand to pay then all in full. As per order of our county court Messrs. R. G. Robinson of Lone Rock C. A. Danneman of Clem, and Jas Frizzell of Lost Valley met Monday and assessed the damage for the new road up the ravine from Thirtymile to Con don. Looney asked for $1000 damage and was allowed $160; Trimble asked $150 damage and was allowed nothing F. M. Shannon asked for $100 damage and was allowed $30; Jas. Kiser asked for $100 damage and was allowed $25. / fairer or more impartial board of asses sors could not have been appointed, and it is hoped their decision will be satis factory to all concerned. It is hope that work will be commenced on thi new road at once, so as to have it read for the fall bauling of wheat, etc. Thi improvement will be worth more to the people of this county than any othe that could be done with three times th expense of this road. Back Creek Notes

2. August 2, 1894 The Dalles Daily Chronicle Dalles, OR
Article from The Dalles Daily Chronicle, August 2, 1894

Click image to open full size in new tab

Article Text

Appointed Receiver. PENDLETON, Aug. 2.-A private Washington dispatch states that R. T. Cox, of Pendleton has been appointed receiver of the suspended First National Bank at Arlington, Oregon.

3. August 2, 1894 Evening Star Washington, DC
Article from Evening Star, August 2, 1894

Click image to open full size in new tab

Article Text

Oregon Bank Receivers. The controller of the currency today appointed Mr. A. Edgar Beard of Portland, Ore., receiver of the Baker City National Bank of Baker City, Ore., which suspended payment on the 1st instant, and Richard T. Cox of Pendleton, Ore., receiver of the First National Bank of Arlington, Ore.; which was closed to business July 26.

4. August 3, 1894 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, August 3, 1894

Click image to open full size in new tab

Article Text

RECEIVER APPOINTED. Pendleton, August 2.-A private Washington dispatch states that R. T. Cox, of Pendleton, has been appointed receiver of the suspended First National Bank at Arlington, Oregon.

5. August 3, 1894 Condon Globe Condon, OR
Article from Condon Globe, August 3, 1894

Click image to open full size in new tab

Article Text

Miller & Dunn were agreeably. surprised Wednesday upon receiving from the examiner in charge of the First National bank of Arlington, Mr. Carlson, checks to the amount of $430 which had been sent down just the day before the bank suspended, and which they thought was tied up. They are still "in" to the tune of about $500. J. E. Frick, we understand, says he will pay all the depositors dollar for dollar. H. B. Hendricks and family and Arthur Brandenburg left Sunday for a month's outing on the Matoles river in the Cascade mountains. They went via Moro, and expect to live fat during August on fish and game of all kinds— providing they get any. In a letter to his wife, Arthur says they reached Moro on Monday evening, and that the only way they were enabled to keep their old wagon from going to pieces was by using about half the barbed wire between here and Moro in tying the tires on, etc. Soon another change is to be made in the public school books, and parents will be obliged to buy another expensive outfit of books for their children. This frequent change of books, often for the worse, is an annoyance that severely taxes the patience of parents, and an expense that in these times many of them are not able to bear. The nuisance of these changes becomes far more odious when it is remembered that they are for the benefit, not of the children, but of intersted publishers and book sellers, and officials who are in collusion with them. A red-hot war is going on between China and Japan. So far Japan has the best of it, having defeated and sunk three of China's largest war ships together with several thousand Chinese. A terrific battle was fought at Yashan Saturday and resulted in a victory for the Chinese, the Japanese being repulsed with fearful loss. Fight it out, you almond-eyed devils; the GLOBE is patting you, both Japs and Chinese, on the back. The Japs and Chinese of the U. 8. are sending back all the money they can get hold of to assist their respective countrymen in the deadly confiict. It is sincerely hoped they will keep on fighting until none will be left, even to tell the tale, on either side. -

6. August 4, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 4, 1894

Click image to open full size in new tab

Article Text

CONDENSED DISPATCHES. The Republicans of the Sixth Nebraska district have nominated Matthew Dougherty for congress. The United States revenue cutter Michlean struck $ rock near Bar Point, Lake Erie, Thursday. When released she was leaking badly. The gross earnings of the Rock Island railroad for July were $1,108,436, a decrease, compared with the estimated earnings of July, 1893, of $523,678. Fire at Spencer Point, N. Y., Friday, destroyed the house of Cornelius Place, and his three sons, Cornelius, William and Chester, aged 13, 11 and 18, perished. A cloudburst flooded the canyon at Berwind, Col., and drowned five persons. They were C. C. Cando, a stage driver, and an Italian miner, wife and two children, passengers. The Southern Pacific proposes revival of the old Transcontinental Passenger Association. The Union Pacific is charged with cutting rates on Pacific coast passenger business. When the warship Bennington, with Gen. Ezeta and the Salyadorean refugees on board. arrives at San Francisco the matter of their extradition will be decided by the Federal courts. The United States Cordage Company shut down part of its works in Brooklyn Friday, throwing 500 men, boys and girls out of work. It is thought this lockout will spread to other rope works controlled by the trust. The comptroller of the currency has appointed A. Edgar Beard, of Portland, receiver of the Baker City National bank, which suspended August 1. Richard Cox, of Pendleton, Or., has been appointed receiver of the First National bank of Arlington, which was closed July 26. A naval board found the contractors to blame for the accident to the cylinder of the cruiser Monterey on her trial trip. Secretary Herbert reverses the finding and reprimands Chief Engineer J. 8. Smith and Passed Assistant Engineer Rodgrave who were in charge of the machinery. Near Bucyrus, O., a west-bound freight train on the Pennsylvania railroad broke in two Friday morning. The two sections collided, causing a car of coal oil and one of gasoline to ignite. The fire destroyed half the train and 500 feet of the track. Four tramps, who were stealing a ride on the oil car, were burned to death. A plan for the reorganization of the Reading road has been presented and been approved by the receivers and the Fitzgerald committee in New York. It calls for the payment of the overdue coupons on the general mortgage 43, amounting to about $2,700,000. and the receivers' certificates, amounting to $3,700,000, by a collateral trust loan which will bear 6 per cent. interest.

7. August 10, 1894 Condon Globe Condon, OR
Article from Condon Globe, August 10, 1894

Click image to open full size in new tab

Article Text

around each other, and lip met lip with a sound like the exhaust of a bath tub, we leaned over the taffrail and wished we were a girl.-J. H. Cardlebaugh in Dalles Chronicle. *A private Washington dispatch informs us that R.T. Cox of Pendleton has been appointed receiver of the suspended First National Bank at Arlington, Oregon. The East Oregonian says: The appointment of R. T. Cox as receiver of the closed First National Bank of Arlington, Oregon, is a good one. Mr. Cox is experienced in this work, capable and energetic. He is a young man of excellent judgment and one who will administer the trust and close up the affairs of the bank with the least expense and the most fruitful results. The closing of the doors of the First National Bank of Arlington and the Baker City National Bank has been expected among the well-informed for some time. It is the same old story of loose management, the principle officers of the bank being deeply interested in other undertaking, which was more or less a burden to the banks, taking up their time to the neglect of the banking institutions, leading to their final overthrow. The closed banks were under one management." The stockholders will probably be the only sufferers.-East Oregonian. The legislature which meets at Salem next January should abolish a lot of commissions, repeal a lot of useless acts, boil down the appropriations and scatter to its homes. If the members will do this they will earn the lasting gratitude of the citizens of Oregon and accomplish more good than any legislature for twenty years. Forty days need not be consumed in tearing down a number of useless and expensive appendages, though a few days might be devoted to passing a maximum freight and passenger act. As they will not do this, let them not beg off by perpetuating a useless railroad commission "with enlarged powers."-Rogue River Courier. Eighteen scholars are already subscribed for the proposed normal school at Condon. There must be at least 25 pupils, and unless the other seven are fortheoming at once there is danger of this worthy project falling through. By all means do not let this matter lag, as a good normal school here will be the most beneficial and grandest institution Gilliam county has ever had. They have no trouble in getting up good schools every other place; why should we fall behind in the procession of thrift and enterprise? As good an opportunity as the present may never again present itself for establishing a normal school here, 80 do not let the matter drop. It would be a wonderful factor of development for the entire county. The Dalles Chronicle says: "A covered wagon passed through town this morning, bearing a series of legends about hard times, "$1.25 a bushel for wheat," aud several other signsin which the owner of the outfit registered his opinion of politics and conditions. Out of curiosity we examined the outfit, finding that the wagon contained some bedding, two rocking chairsand a few other house comforts, and we reached the conclusion that a man who could leave the harvest fields to go berry picking and take his parlor furniture along, would find hard times if wheat was worth $5 a bushel and wool $1 a pound. The times are hard, but they are here, and will not be bettered either by repining or hunting a job in a rocking chair. The island of Corea, for the possession of which China and Japan are fighting, has an area of 85,000 square miles, and a total population of ten millions. It is an absolute monarchy, governed by a king and a ministry of five departments. The country is of a narrow boot leg shape, forming a peninsula, the lower end of which terminates near the southern limits of the Japan islands. China is back of her separated by a mountaineous boundary of several hundred miles, while Russia has a boundary along the north. Japan is a long narrow strip of islands extending along the coast of Asia opposite the contested country. It will

8. September 7, 1894 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, September 7, 1894

Click image to open full size in new tab

Article Text

Outlawed Checks. It is gleaned from indirect references in the Gilliam county papers that some distress and perhaps litigation is going to ensue in that section by reason of outlawed checks on the First National bank of Arlington, which recently suspended. It seems quite a number of checks have been lying about the country and were not presented, holders preferring to keep them instead of the money. One man, B. Gaffney, has one of $116. The man he paid by the check now looks to him for the money, and, of course, Gaffney's retort is the check would have been cashed if presented before the bank closed its doors. A good many such checks are scattered about the country and some trouble is anticipated.

9. February 1, 1895 Condon Globe Condon, OR
Article from Condon Globe, February 1, 1895

Click image to open full size in new tab

Article Text

# GLOBOSITIES. Atty. T. R. Lyons left for Heppner Monday. Mr. Allen Ramsey of 30-mile has been very sick the last three weeks. Miss Mollie Adlard of Ajax visited the family of E. E. Smith at Condon several days last week. Another social dance was given in the new school house 2½ miles north of town Friday night. Sleighing never was better here than it has been the last week, and nearly everybody has taken advantage of it. School Supt. Kennedy will hold the regular quarterly examination at Condon this month, commencing the 13th. See notice. G. S. Clark and family moved this week into their fine new residence just East of his blacksmith shop on Main street. Another pleasant dance was enjoyed by a large number of young folks Wednesday night at the home of Mr. and Mrs. E. A. May on Six Mile. Wheat is quoted at 53 cents a bushel in Jacksonville and the supply is scarce at that. Nowhere on the coast are cereals bringing better prices than there. Billy Keys, the prosperous young cattleman of Mayville, was in town Tuesday and Wednesday on business. Stock in his section have fared well so far the winter. Comptroller Eckles has autho Receiver R. T. Cox of the First No bank of Arlington to declare a d of 15 per cent on claims against stitution. A Portland exchange, in correspondent, remarks th lamp makes an acceptable bride with polished bra and a shade of silk ar In renewing her GLOBE this week, McMinnville ad rather do with GLOBE." The Miss Lul ed last wo arrived by H. Mille purpose at pres Rev but w don m Some ran, hole len ing col est his mar E the arri hold tha tha day A the com on sh bo n 10 a ba to ed SURGEON, 8 S

10. April 24, 1896 Condon Globe Condon, OR
Article from Condon Globe, April 24, 1896

Click image to open full size in new tab

Article Text

Judge Bellinger has appointed Tunis Sweek, of Grant county, receiver of 10,000 bead of sheep which are involved in the case of Receiver Cox, of the First National Bank, of Arlington, Or., against Beck Bros., and the National bank of Heppner.

11. July 16, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, July 16, 1896

Click image to open full size in new tab

Article Text

# Receiver Cox Appeals. Richard T. Cox, receiver of the First National Bank of Arlington, Or., filed a writ of error in the Circuit Court of Appeals yesterday in the action against J. L. Robinson brought in the District Court of Washington to recover $3,833 23, and which was decided in the latter's favor. It seems that prior to the failure of the Arlington bank it secured judgment against one N. Cecil of Gilliam County, Or., for the amount named above. Robinson stepped in and assumed the debt, thus releasing Cecil's property. Shortly after this the bank went under, and the receiver brought suit to recover the amount named in the old Cecil claim, and for which Robinson had become responsible. The latter offset the claim of the bank by one against it, and in the District Court of Washington won out. Receiver Cox now files a writ of error, alleging, first, insufficiency of evidence to justify the verdict, and, second, that the verdict is against the law.

12. May 28, 1897 Condon Globe Condon, OR
Article from Condon Globe, May 28, 1897

Click image to open full size in new tab

Article Text

To Whom it May Concern. The public is hereby cautioned to not purchase a certain note held by the defunct 1st national bank of Arlington for $75. dated Jan. 20, 1892, and signed by me, and which is advertised to be sold on June 5th by the receiver. The said note has been paid in full. JOSEPH FRIZZELL. Lost Valley, May 20, 1897.

13. January 14, 1898 Condon Globe Condon, OR
Article from Condon Globe, January 14, 1898

Click image to open full size in new tab

Article Text

LONE ROCK RUMBLINGS. Mr PL Ham is on the sick list this week with the "grippe," or something of the eort. Business in our burg is pretty dull since the holidays are over. Our merchants say trade is too thin to justify a market report this week. The people of this locality are wondering now what great sensation the S. F. Examiner will "work" next, since the Klondikers are about starved out and Durrant has been changed. Billy Brown says be couldn't "gouge" the Yankees back East, so he traded his mules off for some of a different specie and brought them back to Oregon and sluffed them off onto the Eastern Oregon bunchgrassers. A woodchopper in the timber near Lone Rock goes about his work with a huge cow belt attached to his back. He says he means to take no chances of a shot from fools out in quest of deer, who don't know a deer from a man. 21 above zero Sunday night was the coldest we have had so far this winter. Snow on the adjacent hills is not more than an inch or so in depth and in the valley it has all disappeared, but the ground is frozen and the roads are like cobble stones. We are sorry to note that Dudd Flynn and G W Boone have been sued on a note and are notified to appear before Judge Ebi in Arlington next Saturday. It is a fact that well known by responsible parties here that Mr Boone has already paid this debt to the receiver of the defunct First Nat. Bank of Arlington, R T Cox, about 3 years ago.

14. May 27, 1910 Condon Globe Condon, OR
Article from Condon Globe, May 27, 1910

Click image to open full size in new tab

Article Text

F. French of the Dalles. W. Lord of Portland, Q. D, Sturgess of Arlington and F. T. Hurlburt of this city, Directors of the Arlington National Bank, met at Arlington on Thursday of last week. F. T. Hurlburt was eleced as Vice President. Mr. Hurlburt has been a stockholder and officer of the Arlington National Bank since its organization in 1888 and personally had charge of the bank during the panic of 1893 and also the strenuous year of 1894 when the First National of Arlington closed its doors.