Philipsburg State Bank - Philipsburg, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 7, 1898
Location: Philipsburg, Montana (46.332, -113.294)

Metadata

Model: gpt-5-mini
Short Digest: 314139b9

Response Measures

None

Description

Article (Anaconda Standard, Apr 8, 1898) refers to the suspended Philipsburg bank and an indictment for embezzlement of C. H. (C. E. / OCR variant) Eschbaugh in connection with that suspended bank. No mention of a depositor run or reopening in the provided text; the suspension appears tied to bank-specific malfeasance.

Events (1)

1. April 7, 1898 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension connected to alleged embezzlement and false entry by C. E. (C. H.) Eschbaugh; indictment set for May term in U.S. court.
Newspaper Excerpt: the suspended Philipsburg bank
Source: newspapers

Newspaper Articles (1)

1. April 8, 1898 The Anaconda Standard Anaconda, MT

Article from The Anaconda Standard, April 8, 1898

Click image to open full size in new tab

Article Text

# UNITED STATES COURT A Number of Cases Set for the April Term. # THE CALENDAR ARRANGED The Court Listered to Arguments in the Injunction Proceedings of the Boston & Montana vs. the Montana Ore Purchasing Company. Helena, April 7.-The April term of the United States circuit and district court for this division commenced today. Judge Knowles set a number of cases for trial, partially arranging the calendar. A number of cases had to be passed on account of absence of attorneys; these will be set at a later date. Tomorrow the grand jury will be drawn, returnable some time next week. The petit jury will probably not be drawn until the end of the month, as the first trial case is set for May 2. This is the United States versus Charles E. Eschbaugh, under indictment for embezzlement and false entry in connection with the suspended Philipsburg bank. These cases were set for trial in the district court: United States versus C. H. Eschbaugh, May 2. United States versus B. & M. Commercial company, May 5. In the circuit court these were set: United States versus Joe Hamilton, May 9. County commissioners versus Anderson, May 20. Lillian Beck versus Supreme Lodge K. of P., May 12. Empire State Mining company versus McGregor et al., May 13. Fish versus Northern Pacific Railway company, May 16. Silver Mining company versus Con. Silver Crown company, April 7. The following cases were assigned on the law calendar: Hanchild versus Orman, April 8. Omaha Smelter versus Briscoe et al., April 12. Sanders versus Graves, April 8. Cruse versus McAuley, April 12. McNamara & Barlow versus Home Land company, April 11. Howell versus Johnson, April 13. Porter versus Western Ranches, May 20. County commissioners versus Ashworth, May 20. On the motion calendar these were set today: United States versus Nesbitt, April 8. A. Eaum versus Deegan, April 9. Mills versus Schweitzer, April 9. Miller versus Peckmont, April 9. The motion in the Nesbitt case is for a reduction of sentence. He is now in the penitentiary for shortage as postmaster at Bozeman. The court listened to arguments nearly all day in the injunction proceedings of the Boston and Montana versus the Montana Ore Purchasing company, to restrain the latter from extracting ore from the Pennsylvania mine in Butte pending the determination of a suit over the matter. This injunction was carried over to the circuit court of appeals once, and Judge Knowles reversed. The Boston and Montana was permitted to amend its complaint, and March 28 last the court issued another injunction, returnable today, at which time the defendants had to show cause why it should not be made permanent. Arguments were heard to that effect, also upon a motion filed by the defendants to dismiss the injunction, upon the ground that the matters at issue do not involve any federal question or the construction of any statute or law of United States, and that the court has no jurisdiction. J. W. Forbis represented the Boston and Montana, and J. J. Mc-Hatton appeared for the Montana Ore Purchasing company. Judge Knowles reserved his opinion. The duties of the coming grand jury were lessened to the extent of one case, the United States versus William Blanks, a colored soldier, accused of selling whiskey to Indians. He was bound over February 15 last, and since then has been in the county jail here. He belongs to the Twenty-fifth Infantry that is soon to leave for the South, and representations being made to District Attorney Rodgers that it would be very convenient to have the man go along with the rest of the soldiers, the charge was withdrawn, and the court dismissed Blanks.