Ellensburg National Bank (Ellensburg, WA)

View Charter #3867 on SPMC View balance sheet

Episode Information

Episode UID
386701123
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
38670 national
Charter Number
3867
Start Date
July 27, 1893
Location
Ellensburg, Washington (46.997, -120.548)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dd4aa851493b73c8

Response Measures

None

Receivership Details

Depositor recovery rate
43.7%
Date receivership started
1896-07-18
Date receivership terminated
1900-07-09
OCC cause of failure
Losses
Share of assets assessed as good
8.7%
Share of assets assessed as doubtful
45.5%
Share of assets assessed as worthless
45.8%

Description

Suspension directly linked to Portland (Oregon National) failure; reopened by Comptroller authorization in October 1893.

Events (4)
1. April 14, 1888 Chartered
Source
historical_nic
2. July 27, 1893 Suspension
Cause
Local Banks
Cause Details
Closed immediately after receiving news that the Oregon National bank in Portland suspended; same president (George B. Markle) linked institutions.
Newspaper Excerpt
the Ellensburg National bank opened this morning as usual, but at 11 o'clock received a message that the Oregon National bank, Portland, had suspended, and the doors were immediately closed.
Source
newspapers
3. October 23, 1893 Reopening
Newspaper Excerpt
The National bank of this place which suspended last July, will open its doors next Monday by authority of Comptroller Eckels.
Source
newspapers
4. July 18, 1896 Receivership
Source
historical_nic

Newspaper Articles (14)
1. July 28, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 28, 1893

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Article Text

BANK EXAMINERS. WASHINGTON, July 28. - Comptroller Eckles has placed the national banks that failed yesterday in the hands of bank examiners 68 follows: Examiner Weightman in charge of the Oregon National at Portland, Oregon; Flynn, Ellensburg National, of Ellensburg, Wash.; Wilson, First National of Helena, Montana; Lyman, Montana National, at Helena; Jennings, First National of Spokane, Wash. DENVER, July 28th.-The Denver Hardware Company has failed for 24 large amount. No statement. MT. STERLING, Ky,, July 28.-The Traders' Deposit bank has failed as a result of a run. The liabilities are $150,000; assets $890,000

2. July 28, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 28, 1893

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Article Text

George W. Markie's Banks Suspend. PORTLAND, July 27.-[Special.]-The Oregon National bank and the Northwest Loan and Trust Company, an allied institution, posted notice of suspension and did not open their doors. George B. Markle is president of both banks. He has been a heavy land and street railroad speculator. The Oregon National's chief creditor is Multnomah county, which has $300,000 on deposit. The city of Portland also has $25,000 on deposit. The directors of the Oregon National bank are: George B. Markle, president; E. B. McFariand, vice president: D. F. Sherman, cashier; H. Thielsen, I. B. Kauffman, George H. Williams, J. L. Hartman. ELLENSBURG, July 27.-[Special.]-The Ellensburg National bank opened this morning as usual, but at 11 o'clock received a message that the Oregon National bank, Portland, had suspended, and the doors were immediately closed. George B. Markle, of Portland, is president. Austin Mires, vice president: H. W. Thielsen, cashier.

3. July 28, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, July 28, 1893

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Article Text

A Washington Bank. ELLENSBURG, Wash., July 27.-The Ellensburg National bank suspended toNo statement. day.

4. July 28, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 28, 1893

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Article Text

Pulled Down by Portland Failure. ELLENSBURG, Wash., July 27.-The Ellensburg National bank suspented payment today, no statement. George B. Martill, president of the two banks which failed in Portland today, was also president of the Ellensburg bank.

5. July 29, 1893 The Times Richmond, VA
Article from The Times, July 29, 1893

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Article Text

More Bank Failures, ELLENSBURG, WASH.. July 28.-The Ellensburg National Bank suspended payment yesterday No statement. George B. Markle, president of the Town's Bank, which failed in Portland yesterday, is also president of the Ellensburg Bank. MOUNT STERLING, KY., July 28.Last evening the officers of the Traders' Deposit Bank decided to suspend payment, owing to a heavy run on the bank yesterday, caused by the suspension of the Farmers' Bank. The bank owes $150,000, and has $33,000 of good assets. The officers hope to resume business at an early day. CHICAGO, ILL., July 28.-A special to the Record from Martinsville, Ind., says: B. M. Mitchell's Bank, established thirty years ago, and backed by $500,000. went into voluntary Hquidation yesterday. There is $1,000,000 in Its vaults and deposited by It in Indianapolis banks. The cause of the action, it is said, is a division of the estate. SPARTA, WIS., July 28.-Two banks

6. July 29, 1893 The Morning News Savannah, GA
Article from The Morning News, July 29, 1893

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Article Text

An Ellensburg Bank Suspends. Ellensburg, Wash., July 28.-The Ellensburg National Bank suspended payment yesterday. No statement has been given out. George B. Markle, president of the Towns bank, which failed in Portland yesterday. is also president of the Ellensburg bank.

7. July 29, 1893 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, July 29, 1893

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Business Complications. The North Buffalo mine has shut down. The Harrisburg (Pa) rolling mill has closed. The wire nail plants will continue shut down. The Ellensburg (Wash.) National bank has suspended. The Minno ota Iron company's mines have closed down. S. H. Morrison, lumber merchant, Cam den, N. J., has assigned. Depositors of Farmers' bank, Mt. Ster. ing, Ky., will be paid in full. The Traders' Bank of Deposit, Mt. Sterling, Ky., has suspended. The Bank of Sparta (Wis.) and M. A. Thaver's private bank have closed.

8. August 2, 1893 The Star Reynoldsville, PA
Article from The Star, August 2, 1893

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Article Text

FINANCIAL AND COMMERCIAL. At Portland, Ore., the Union Banking Company suspended. At Ellensburg, Wash,, the Ellensburg National bank suspended. At Chamberlain, D. N., the Chamberlain National Bank failed. At Sparta, Wis., the M. A. Thayer bank and the Bank of Sparta, both supposed to be solvent, closei Thursday. At Great Falls, Mont., the First National bank, with a capital of $200,000, suspended.

9. August 4, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, August 4, 1893

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LARGE ORDERS FOR GOLD Much of the Precious Metal Now ComIng Back from England. SYMPTOM OF RETURNING CONFIDENCE heat Reaches the Lowest Point Ever Recorded on the Chicago Board of Trade-Other Financial News. WASHINGTON, July 28.-The large orders given by New York financial houses for gold aboad to be imported is regarded at the treasury department as a favorable symptom of returning confidence. Much of the gold now coming here is the same that was exported several months ago. The heavy shipment of American cereals abroad within the past two months have materially reduced the balance of trade against the United States. Another Portland Bank. PORTLAND, July 28 -The Union Banking Company assigned today. No statement is given out for publication. A notice on the door says that owing to the withdrawal of deposits and inability to make collections the bank closed. F. Hacheney has been appointed assignee. None of the bank's officers could be found, and no statement could be obtained. The bank did a small business. It was incorporated about two years ago with a capital stock of $100,000 by H. A. Hogue, J. A. Child and R. P. Earhart. A small run was made this morning on the Merchants' National bank. It was a promptly met by the bank. It is believed the crisis is now past in this city. Wheat Reaches the Bottom. CHICAGO, July 28.-Everything traded in on the board of trade was weak today, chiefly on account of the action of the associated banks as to issuance of clearing house certificates, operators believing that it portended the fears of the financiers and further increased the monetary stringency. The wheat market touched the lowest point recorded in the history of the board of trade. September dropped to 62½. Bank Examiners in Charge. WASHINGTON, July 28.- Comptroller Eckels has placed the national banks that failed yesterday in the hands of bank examiners as follows: Examiner Weightman in charge of the Oregon National at Portland, Oregon; Flynn in charge of the Ellensburg National, of Ellensburg, Wash. Caused by the Helena Banks. GREAT FALLS, Mont., July 28.-The First National Bank failed this morning owing to the Helena bank suspensions. The assets are much above the liabilities, and it is believed the bank will soon resume. The Result of a Run. MOUNT STERLING, Ky., July 28.-The Traders Deposit bank has failed as the result of a run. The liabilities are one hundred and fifty thousand dollars and the assets $390,000. Clearing House Certificates. NEW YORK, July 28.-The clearing house committee issued two millions of clearing house certificates up to noon. The total now outstanding is twenty-five and a quarter millions. Hardware Company Fails. DENVER, July 28.-The Denver Hardware Company has failed for a large amount. - No statement is given.

10. August 31, 1893 The Yakima Herald Yakima, WA
Article from The Yakima Herald, August 31, 1893

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GATHERED ABOUT HOME. Personal, Social and Business Events Locally Important. NOTES FROM THE MADDING THRONG. A Grist of Gossip, Bits of Fact and Fancy, Movements in Active Life, Drift of Popular Speculation and News Items Generally. Frank Reed and Keith Dunlop returned on Friday from Fish lake. The one-year-old son of T. R. Fisher died Friday, August 25, of cholera infantum. Mike Mackison and John Corbett, the well-borer, were up from Prosser last last Saturday. R. L. Hodgdon, of the Seattle Tele graph, was in the city last Saturday, and called on THE HERALD. W. B. Dudley, who has been engaged at Prosser for the local land company, returned to Yakima on Friday. Henry. Schott and family returned Friday last from an extended visit to relatives in Minnesota and the World's fair. Harry Coonse, ex-deputy treasurer of Yakima county, returned on Saturday from an extended sojourn in Chicago and other eastern cities. J. M. Henderson has succeeded W. H. Crook on the police force, and Thos. Norton is working as a special officer during the hop season. A number of families in neighbor valleys are preparing to move to Yakima during the winter for the purpose of obtaining educational advantages for their children. The Capitalsays that depositors of the Ellensburgh National bank refused to aecept the proposition for resuming made by Examiner Flynn, and it is expected a receiver will be appointed at once. The city school buildings are receiving careful attention from the painters and varnishers. Bryson & Hauser are doing the work. Everything is being put in readiness for the opening of the schools on the 18th inst. Phil Ditter, of the firm of Ditter Bros., returned Sunday evening from an ex tended business and pleasure trip in the east. During his absence he has seen the World's fair, visited relatives and transacted business for his house. W. F. Roaf. manager of Allen's drug store, left on Thursday night for Chicago, where he will join his children and mother and brother, who have been visising in New York. Together they will make an extended visit in the east. Jackson, the fellow who stole a team from Palmer & Pond recently, is giving Jailer Magee no end of trouble by playing the crazy act. He yells, whistles, fights, refuses to eat and makes himself a terror generally.-Ellensburgh Capital. J. H. Hathaway, near the northwestern limits of the city, is erecting a handsome residence on his little farm. The structure when completed will cost $2000 or more. Theo. Stone, who recently erected a fine residence in that locality, has given the structure the final coat of paint. A. N. Short and wife and Mrs. Charles Mabry returned on Friday from a mountain sojourn in the vicinity of Fish lake. Mr. and Mrs. Sam Chappell, who were members of the same party, were compelled to take the train a day earlier for home on account of the latter's severe illness. George H. Watt, a member of the corps of teachers in the agricultural college at Pullman, but formerly principal of the Yakima schools, is now en route home from quite an extended visit in Ohio. He and wife will stop at Chicago and enjoy the interesting features of the World's fair. By a change of management, W. W, Watson is now editor of the Yakima HERALD and James R. Coe is business manager. E. M. Reed, the retiring edifor and manager, has made a great success of the HERALD, and it is a credit to its town. It will without doubt continue to improve.-Ell/nsburgh Capital. It is but a few years since Yakima commenced raising hops. It is now one of the important industries of the county. So successfully has the business grown that Yakima can bank on her hop raising; as nearly all the hop producers are now independent men, with bank accounts.-Ellensburgh Capital. Dr. G. J. Hill is now the happy possessor of one of the finest and most comfortable and convenient turnouts in the country. It consists of one of the proudest and most speedy roadsters in the valley and a handsome phaeton. The doctor certainly has cause to look 80 pleased as he skims along our pretty country thor. oughfares. E. J. Hardison, of the famous Sunnyside district, and a member of the Democratic county central committee, was in town on Saturday. Mr. H. has been confined to his home for some days with an attack of the old-fashioned ague, but he believes he now has the stubborn disorder under control. Everything in the vicinity of Zillah IS reported to be in excellent condition. Messrs. Swain & Haight are in possea-

11. September 19, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 19, 1893

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NORTHWEST NEWS. The First National bank, of East Portland, has resumed business. Four Portland banks are still closed. The Oregon state fair at Salem last week was s financial failure, running $2,000 behind. The Portland exposition next month will also probably lose money. Samuel McLean Grapp, an official of the El, lensburg National bank, which suspended recently, is in jail, charged with embeazling $1,500 of the bank's money. D. C, Cerbin, president of the Spokane & Northern railway, is suing settlers owning land around beautiful Loon lake, Stevens county, to prevent them from draining the lake. Diversified farming pays best. D. G. Littooy, of Summer, has thirty bee hives. Last year he sold $700 worth of honey from fifteen hives. Farmer Ridge, of Maplewood, Pierce county, has & vineyard of about thirty acres, and will make A fortune out of it.

12. October 22, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 22, 1893

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GOOD NEWS FROM ELLENSBURG. Business Men Favor the Repeal BillNational Bank to Reopen. ELLESSBURG, Oct. 21.-[Special.]-A petition signed by about 100 business men regardless of politics was sent from here today, asking Senator Squire to use every effort in his power to secure repeal of the Sherman law and to vote for it. The National bank of this place which suspended last July, will open its doors next Monday by authority of Comptroller Eckeis, The directors of the Washington Aluminum Manufacturing Company held a meeting today, elected J. M. Hirsch, of Chicago, president, and voted to set aside 20,000 shares to begin with for working capital, the first offering of stock to be at $5 a share, which is half par. Work will begin on the preparatory features of the plant as soon as possible. The aluminum will be extracted by Hirsch's electric process, the dynamos and other machinery to be run by water power.

13. October 28, 1893 The Kootenai Herald Bonners Ferry, Kootenai, ID
Article from The Kootenai Herald, October 28, 1893

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NEWS OF THE NORTHWEST. Hart, the would-be burglar of Dayton, reseived seven years in the penitentiary. John O'Neill of Walla Walla, a habitual drunkard, suicided by taking morphine. William Cummins' new residence at Rockford was destroyed by fire. Loss $1,500. Harry Raymond's residence at Dayton was destroyed by fire, caused from a defective flue. The Ellensburgh National bank, which suspended in July, has resumed business by authority of Comptroller Eckels. Governor McGraw and daughter have gone to the world's fair, intending to return during the first week in November. | A company has been organized at Ellensburgh to test the Hirsh electric process for extracting aluminum from clay. Edward H. Hatfield, one of the wealthiest citizens of Tacoma, and formrrly a Methodist minister, died of heart disease. John R. Atwood, a Portland bookkeeper, pleaded guilty to two charges of forgery and was sentenced to five years in the penitentiary. Tom Page, a Walla Walla lawyer, was arrested there by a deputy United

14. December 12, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 12, 1893

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Ellensburg National Bank All Right. ELLENSBURG, Dec. 11.-{Special.]-The report of the suspension of the Oregon National bank, of Portland, caused some uneasiness here, as the Ellensburg National, which reopened a few weeks ago, had been closely allied to it. This morning a number of business men circulated an agreement not to withdraw funds for a week. Every man found signed it. The bank had no run during the day and none was expected, as the people soon learned that no loans had been made since reopening. and the funds on hand were sufficient to meet all demands.