gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dc00d0422af44588
Response Measures
None
Description
Bank is repeatedly referred to as defunct and in receivership; articles concern receivership litigation and embezzlement by the receiver.
Events (8)
1.June 16, 1926Other
Newspaper Excerpt
litigation ... between Isabel Barnette and the receiver of the Washington-Alaska Bank has been settled in favor of the receiver by mandate of the United States Supreme Court.
Source
newspapers
2.August 3, 1926Other
Newspaper Excerpt
O. P. Gaustad ... charged in an information that he embezzled $28,000 while receiver for the defunct Washington Alaska Bank; bound over to the grand jury.
Source
newspapers
3.August 7, 1926Other
Newspaper Excerpt
Gaustad, the receiver of the Washington-Alaska Bank, which went defunct a few years ago, was bound over to the Grand Jury.
Source
newspapers
4.October 2, 1926Other
Newspaper Excerpt
audit ... shows an alleged shortage of $28,127.82 in receivership accounts during administration of Gaustad.
Source
newspapers
5.October 3, 1927Other
Newspaper Excerpt
The trial of O. P. Gaustad ... terminated ... when a verdict of guilty was returned by the jury.
Source
newspapers
6.December 12, 1927Other
Newspaper Excerpt
Bond companies paid checks aggregating $28,029.02, the amount of the shortage in receivership accounts.
Source
newspapers
7.January 19, 1928Other
Newspaper Excerpt
District Judge ... signed an order directing M. R. Boyd, receiver for the defunct Washington Alaska bank to pay the depositors ... a dividend of ten per cent.
Source
newspapers
8.*Receivership
Newspaper Excerpt
receiver of the Washington-Alaska Bank ... will enable the receiver to dispose of the bank's property in Fairbanks.
Source
newspapers
Newspaper Articles (10)
1.June 16, 1926Juneau EmpireJuneau, AK
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Article Text
BANK RECEIVER WINS SUIT AGAINST WOMAN
Litigation extending over a period of eight years between Isabel Barnette and the receiver of the Washington-Alaska Bank has been settled in favor of the receiver by mandate of the United States Supreme Court. A wire to that effect was received today by O. P. Gaustad. receiver. from attorneys in San Francisco representing the bank The mandate will release $45,000 on deposit in San Francisco: will enable the receiver to dispose of the bank's property in Fairbanks. composed of the Fairbanks Block, the R. C. Wood and Barnette residences: and will make it possible to complete the business of the receivership by fall-Fairbanks News-Miner.
(Mrs. Barnette is the wife of E. T. Barnette. who was president and principal owner of the Fairbanks Banking Co., which was consolidated with the Washington-Alaska Bank just before the latter failed. It was charged that property and money given to his wife by Barnette were negots of the bank and the Ived sued to obtain it.)
Use the Classineds. They Tay
2.August 3, 1926The Alaska Daily EmpireJuneau, AK
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Article Text
GAUSTAD HELD $20,000 BAIL FAIRBANKS, Alaska, Aug. 3.-O. P. Gaustad, arrested and released on $2,500 bail last Saturday, charged in an information that he embezzled $28,000 while receiver for the defunct Washington Alaska Bank. has been bound over to the grand jury at the conclusion of a preliminary hearing. Bail was set at $20,000. M. A. Thometz, Department of Justice Agent, has been here for two months investigating Ganstad's administration of the bank's affairs Gaustad resigned as receiver July 22.
3.August 5, 1926The Wrangell SentinelWrangell, AK
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Article Text
BANKER HELD AS EMBEZZLER AT FAIRBANKS FAIRBANKS, Aug. 2.-0. P. Gaustad was released today under $2500 bonds after he had been arrested on an information charging embezzlement of $28,000 while receiver and trustee for the defunct Washington Alaska bank here. Gaustad resigned as receiver on July 22. M. A. Thometz, department of justice agent, was here for two months investigating Gaustad's administration of bank affairs.
4.August 7, 1926The Nome NuggetNome, AK
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Article Text
GAUSTED BOUND OVER TO GRAND JURY Fairbanks, Aug. 1. Causted. the receiver of the Washington-Alaska Bank. which went defunet a few years ago, was bound over to the Grand Jury at the conclusion of a reliminary hearing. The bail will be fixed at twenty thousand dollars
5.October 2, 1926The Kusko TimesTakotna, Tokotna, McGrath, AK
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Article Text
At a preliminary hearing in Fairbanks, 0. P. Gaustad, former receiver and trustee of the Washington-Alaska Bank, arrested and charged with the embezzlement by bailee of $28,127.82, was recently bound over to the grand jury by Additional Commissioner Albrecht. Bail was set at $20,000. Complaint against the defendant 2 was brought by M. A. Thometz, special investigator of the Bureau of Investigation of the Department of Justice, who had been in Fairbanks since early in June checking up the affairs of the receivership. An audit of the books of the receiver was begun on July 10 upon order of the District Court, and this audit, although not yet completed, shows an alleged shortage of the above mentioned sum.
6.February 5, 1927The Kusko TimesTakotna, Tokotna, McGrath, AK
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Article Text
JUDGE RITCHIE SUBSTITUTING FOR JUDGE CECIL H. CLEGGG FAIRBANKS.-Judge E. E. Ritchie, who is substituting for District. Judge Cecil H .Clegg in the Gaustad embezziement case, has granted a change of venue at the request of the defense, and will try the case during the Anchorage term of court, in May or June. Gaustad was appointed receiverr for the defunct Washington-Alaska Bank of Fairbanks by Judge Clegg, and is now under indictment charging him with the embezzlement of $28,000.
7.October 3, 1927Seward Daily GatewaySeward, AK
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Article Text
# GAUSTAD FOUND GUILTY
The trial of O. P. Gaustad, former receiver of the defunct Washington Alaska bank of Fairbanks, on charges of embezzlement, terminated at Valdez on Thursday, Seward arrivals report, when a verdict of guilty was returned by the jury. The sum involved on the charge was $105.00, according to District U. S. Attorney Julian Hurley, who left Seward today for his Fairbanks offices.
8.December 12, 1927The Daily Alaska EmpireJuneau, AK
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Article Text
BOND COMPANIES PAY RECEIVER'S DEFICIT IN FAIRBANKS CASE (Fairbanks News-Miner) M. R. Boyd, receiver for the Washington-Alaska bank, was handed two checks this afternoon aggregating $28,029.02. the amount of the shortage in receivership accounts during the administration of O. P. Gaustad. This morning, when the cases of M. R. Boyd, acting as bank receiver, VS. O. P. Gaustad and the National Surety Co., and M. R. Boyd vs. O. P. Gaustad and the United States Fidelity & Guarantee Co., were to come up for trial, attorneys representing the bonding companies expressed a desire for settlement. An agreement was reached that each company should pay half the shortage and payment was made at 2 o'clock in open court. The National Surety Co., was represented by Guy B. Erwin and the United States Fidelity & Guarantee Co. by John A. Clark. Louis K. Pratt acted for the receiver. It is understood that within a few days the receiver will ask the court for an order directing a dividend of 12 1/2 per cent to depositors of the defunct bank.
9.January 7, 1928Hyder Weekly HeraldHyder, AK
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Article Text
M. R. Boyd, receiver of the defunct Washington - Alaska Bank, of Fairbanks, recently received checks aggregating $28,029.02, the amount of the shortage in receivership accounts during the administration of O. P. Gastaud, who was recently sentenced to the penitentiary in connection with the defalcations. The money was paid by the surety companies in settlement of the shortages, after a suit brought by the present receiver had been called for trial in the district court. It is understood that the receiver will shortly ask for a court order directing a dividend of 121/2 per cent to the depositors of the defunct bank.
10.January 19, 1928The Wrangell SentinelWrangell, AK
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Article Text
DEFUNCT BANK PAYS TEN PER CENT DIVIDEND District Judge Cecil H. Clegg of Fairbanks signed an order directing M. R. Boyd. receiver for the defunct Washington Alaska bank to pay the depositors of that institution a divi dend of ten per cent out of funds now on hand. When this dividend has been paid the depositors will have received 60 per cent of the amounts they had on deposit in the bank at the time of the failure. This will be the fourth dividend and
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
