Capital State Bank (Boise, ID)

Episode Information

Episode UID
1167606191297
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
116760619 hash
Start Date
January 21, 1908
Location
Boise, Idaho (43.614, -116.203)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
928b96dfa3ae5143

Response Measures

None

Description

Articles sometimes spell name as 'Capitol' due to OCR/printing variants.

Events (3)
1. January 21, 1908 Run
Cause
Rumor Or Misinformation
Cause Details
Recent reports and circulation of stories reflecting on the bank's stability led to heavy withdrawals over weeks.
Measures
Directors decided on temporary suspension; appealed to clearing house for assistance; investigation by expert accountant.
Newspaper Excerpt
temporary suspension having been decided upon by the directors, owing to recent The heavy withdrawals of deposits.
Source
newspapers
2. January 21, 1908 Suspension
Cause
Rumor Or Misinformation
Cause Details
Temporary suspension declared after sustained heavy withdrawals driven by circulating reports questioning stability; receiver later appointed.
Newspaper Excerpt
The Capital State Bank ... failed to open its doors this morning, notice being posted of temporary suspension caused by the recent heavy withdrawals.
Source
newspapers
3. May 28, 1908 Reopening
Newspaper Excerpt
Under reorganization plans accepted by the courts the Capital State bank, which suspended last January, was reopened today.
Source
newspapers

Newspaper Articles (24)
1. January 21, 1908 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, January 21, 1908

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BANK CLOSES; SOLVENT. Temporary Suspension of Large Institution at Boise, Idaho. Boise, Idaho. Jan. 21.-The Capitol State Bank, of Idaho, (limited), failed to open its doors this morning, a temporary suspension having been decided upon by the directors, owing to recent The heavy withdrawals of deposits. capital is $200,000, reserve, $100,000, and deposits December 31, $1,077,000. W. S. Bruce, expert accountant, who has been engaged in making a careful investigation of the affairs of the bank, said today that the bank is solvent, and its assets are sufficient to pay the depositors every dollar due them.

2. January 21, 1908 The Spokane Press Spokane, WA
Article from The Spokane Press, January 21, 1908

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BOISE BANK DOORS CLOSE I BOISE, Jan. 21.-The Capital State Bank of Boise failed to open its doors this morning, notice being posted of temporary suspension caused by the recent heavy withdrawals. The bank has a capital stock of $200,000, surplus of $100,000, and deposits by the last statement og a little of $1,000,000. George D. Ellis is president, J. C. Pence, vice president; H. E. Neal, cashier. The bank ranked second in Boise and had the bulk of the small depositor business. alter E. Druce, expert accountant, states today: "I spent several days examining the bank books and believe the bank solvent." No effect was felt by the other banks of the city. Walter S. Druce will probably be appointed receiver of the suspended bank.

3. January 21, 1908 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, January 21, 1908

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BOISE CAPITAL BANK CLOSED RECENT HEAVY WITHDRAWALS FORCE ACTION Second in Size of Boise Banking Institutions Goes to Wall Temporarily Suspended-Has Capital Stock of $100,000 and Deposits of $1,000,000-Had Bulk of Small Depositor Business-Statement of Sxpert Accountant. Boise, Jan. 21.-The Capital State Bank of Boise, a 1 state institution, failed to open its doors this morning, notice being posted of temporary suspension caused by recent heavy withdrawals. The bank has capital of $200,000, surplus of $100,000 and the deposits at the last statement were a little over $1,000,000. George D. Ell's is president: J. C. Pence, vice president and H. E. Neal, cashier. The bank ranked second among the Boise banks and had the bulk of the small depositor business. Walter E. Bruce, expert accountant, states today: "I spent several days examining the bank's books and believes the bank is solvent." There was no effect on the other banks of the city. Walter S. Bruce will probably be appointed receiver of the suspended bank.

4. January 21, 1908 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, January 21, 1908

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STATE BANK CLOSED. The Large Withdrawal of Deposits Cause For It. Boise, Idaho, Jan. 21.-The Capitol State Bank of Idaho in this place, failed to open its doors for business to-day. Temporary suspension was determined by the directors owing to the recent large withdrawal of deposits.

5. January 21, 1908 The Seattle Star Seattle, WA
Article from The Seattle Star, January 21, 1908

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BOISE BANK CLOSES DOORS. (By United Press.) BOISE, Ida., Jan. 21-The Cap. Ital State Bank of Boise, a state institution, failed to open Its doors this morning, notice being posted that a temporary suspension of payment was found necessary ow-

6. January 21, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 21, 1908

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Fails to Open for Business Because of Recent Heavy Withdrawals of Deposits. SUSPENSION IS TEMPORARY. Expert Who Made Investigation Advised it-Said That Depositors Will be Paid in Full. Boise, Ida., Jan. 21-The Capital State Bank of Idaho, limited, of this city, failed to open its doors for busines this morning. The directors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawais of deposits. W. S. Bruce, an expert accountant who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent, and that the assets are sufficient to pay the depositors every dollar that is due them." The Capital State bank has capital stock of $200,000, a reserve of $100.000, and deposits at the time of the last statement, Dec. 23, of $1,076.722.65. Before the financial troubles began, the deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are: George O. Ellis, president; J. C. Ponce, vice president; and H. E. Neal, cashier. Mr. Neal left Boise last week for Portland. owing to illnes. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution, the savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. A petition for a receiver for the bank will be filed today. Withdrawals from the bank for the past 48 days have averaged $9,000 a day. Along with other banks in the city the Capital State resumed cash payment Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250.000, which amount was needed to tide It over until its assets could be realized upon.

7. January 22, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 22, 1908

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PAYETTE BANKS NOT AFFECTED BY BOISE FAILURE (Special to the "News.") Payette, Ida., Jan. 22.-The failure of the Capital State bank at Boise has not affected the banks here, as they had no accounts with the bank at the time it closed. When asked about the trouble Cashier M. A. Albert of the First National sald: "We had been carrying a reciprocatory account with the closed bank but since the first of the year that account has been closed. The bank's clesing is deplored. It is simply another case of lack of confidence in banks, and the heavy drain caused by the demands of the bank's panicky patrons is the cause of the whole thing." The banks opened this morning under normal conditions. Yesterday's business was a little rushing, but no run being made on any bank. It is the firm belief that the Capital State bank will make good every dollar. No irregularities thus far have been discovered. Certain other establishments which this bank was carrying will suffer.

8. January 22, 1908 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 22, 1908

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BANK FAILED TO OPEN ITS DOORS Capital State, Limited, of Boise Went Down After Clearing House Refused Help. DEPOSITS OVER $1,000,000 STATEMENT MADE BY EXPERT ACCOUNTANT. (Special to The Herald.) Boise, Ida., Jan. 21.-The Capital State bank closed its doors today and W. S. Bruce, former assistant cashier of the Boise City National bank, has been installed as receiver. After a conference lasting until an early hour this morning, this course was agreed upon. Help was sought from the other banks, but they did not feel warranted in extending it. Announcement was published of the situation, together with a statement made by Mr. Bruce, after a three-day examination of the bank, that it was unquestionably solvent. This prevented excitement, and the closing gave rise to no other trouble. Other Banks Not Involved. Other banks were prepared to meet anything like a run, but none developed. The capital of the failed bank is $200,000, and its officers were, up to Saturday night, George D. Ellis, president; H. E. Neal, cashier. That night the directors met and the resignation of Mr. Neal was the result. He left the next day for Portland for a rest. A statement made Dec. 23 showed $1.075,000 deposits and $1,019,000 loans and discounts. For seven weeks there had been withdrawals averaging $9,000 a day, and the bank could not realize on its holdings rapidly enough to maintain its ground. Rumors of Bad Loans. There are rumors of some bad loans, for which Neal was responsible, but nothing definite is known as to the immediate cause of his resignation. The bank held $45,000 of state funds, of which $35,000 is secured. The rest was in collection accounts. The Ada county treasurer had $18,000 deposited under full security, while the Boise City school district, of which Neal was treasurer, had $20,000, also secured. The Ada assessor and tax collector had a considerable sum in the bank unsecured, but the amount is not yet known. Several country banks carried deposits. It is not known how they will be affected. It is understood an effort will be made to reopen the bank under an agreement with depositors respecting payment of their claims.

9. January 22, 1908 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 22, 1908

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AID WAS REFUSED. Bank Had Been Examined by Clearing House Expert. Boise, Ida., Jan. 21.-The Capital State bank of Idaho, limited, of this city failed to open its doors for business this morning. The direcors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawals of deposits. W. S. Bruce, an expert accountant, who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent and that the assets are sufficient to pay the depositors every dollar that is due them." Capital and Deposits. The Capital State bank has capital stock of $200,000, reserve of $100,000 and deposits at time of last statement, Dec. 23, of $1,076,722.65. Before the financial troubles begun these deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are George D. Ellis, president; J. C. Jones, vice president, and H. E. Neal, cashier. Neal left Boise last week for Portland, owing to illness. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution a savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. Petition for Receiver. A petition for a receiver for the bank was filed today. Withdrawals from the bank for the past forty-eight days have averaged $9,000 a day. Along with other banks in the city, the Capital State resumed cash payments Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250,000, which amount was needed to tide it over until its assets could be realized upon.

10. January 23, 1908 Mountain Home Maverick Mountain Home, ID
Article from Mountain Home Maverick, January 23, 1908

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Owing to a steady Grain upon its cash resources for months past, and being unable to realize upon a heavy line of loans made prior to the financial depression of last fall, the Capital State bank of Boise suspended payment Tuesday morning. In explanation of its action the directors, after an all night session in which the condition of the Dank as to its solvency was ascertained, posted the following notice upon its doors: "The directors of the Capital State Bank have made a careful examination of its condition and find it solvent. "The difficulty in obtaining ready cash makes it necessary temporarily to suspend payments. "It is believed that in the course of a short time the bank will be able to resume, but that in any event the depositors will be paid in full." On the application of Orlando F. Bacon and other stockholders and depositors in a complaint filed in the district court Tuesday, Judge Wood appointed Walter S. Bruce to the receivership of the institution, and he itamediately assumed control, furnishing a surety bond. It is stated that Mr. Bruce was the choice of he majority of the directors of the bank and that the appointment is satisfactory to the othe b ks of the city. It became kno WILL that Mr. Bruce had been for several days going over the affairs of the bank and he is therefore well fitted to take up the work of receiver. The receiver states it as his opinion that the bank is perfect-

11. January 24, 1908 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, January 24, 1908

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BOISE BANKS NOT AFFECTED CAPITAL BANK FAILURE WILL NOT HURT OTHERS Bank Will be Reorganized and it Is Thought Will Pay in Full Within 60 or 90 Days-Other Institutions in City Not Affected. That the failure of the Capital state bank at Boise did not affect other banks in the least, is shown by the following from the Boise Capital News: There is nothing new in the bank situation today, says the News. State Bank Examiner W. S. Chaney arrived this morning and today is making an examination of the books of the Capital State bank. No statement has been prepared and nothing authentic is given out. The impression continues to grow that the bank will be reorganized and will continue in business, all depositors being paid in full. It is even stated that this can be accomplished within 60 to 90 days. Other banks of the city still feel the effects of the suspension of business very slightly. There is no indication of any disposition to make any run on any of the other banks, all of which, however, are strengthening themselves by shipping in large amounts of cash from outside points. All of them are paying cash for all demands and will continue to do so unless the people lose their heads more than they have shown any indication of doing up to this time. Many absurd rumors have been set afloat, but it is needless to say that there is nothing in any of them. It was even rumored at Nampa yesterday that all the banks of Boise had- failed and considerable excitement prevailed there—more even than here where actual conditions were understood. It is stated, however, that H. E. Neal, before leaving for Portland, turned over to the bank property to the value of $200,000, held by him here and in Oregon, to secure the bank against loss from loans for which he had become surety or in which he was more or less personally responsible in a moral sense. This, together with the capital stock and real estate holdings of the bank alone guarantee more than 50 per cent of the deposits, not counting loans equal in amount to the deposits themselves.

12. January 25, 1908 The Parma Herald Parma, ID
Article from The Parma Herald, January 25, 1908

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BANK BOISE CLOSES DOORS Capital State Bank Forced to Suspend for Lack of Cash. Bank is sound and Depositors will be paid in full. Deposits over $1,000,000. The Capital State Bank at Boise closed case, however, I do not consider it a its doors Tuesday morning, and its afcase of insolvency by any means. If I fairs were turned over to W. S. Bruce, had, I would not have hesitated in the matter. ho was appointed receiver by Judge Wo-l. "The selection by the court of Walter State Bank Examiner Chaney WedS. Bruce as receiver, on petition of the neadly prepared the following statement directors, was very wise one in my regarding the closing of the bank for solvent beyond any question and the depublication: positors will be paid in ful. The re"It is to he regretted. of course. that ceiver will have to realize on the paper the doors of the Capital State bank had of the bank and the public will have to to be closed. During the financial strinbe patient, as under present conditions geney they made a gallant figit against collections ae necessarily slow. great odds. For some days the clear"It is the desire of the the directors ings have been against the Capiand stockholders that the bank be regrfal State, and being nnable to realize on ganized and it is to be hoped that mattheir paper sufficiently to meet the situters can be gotten in shape and the reortion the directors deemed it expedient ganization effected and the bank opened for the usual transaction of business at to take the course that they did. Unler the banking laws of the state I have an early date. the power to apply to the district court "The suspension of this bank has had f the county in which any bank is lolittle effect on the other banks of the ated for the appointment of a receiver, city and the same is true of banks in should I deem it insolvent. In thi nearby towna."

13. March 7, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, March 7, 1908

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CAPITAL STATE BANK TO RE-OPEN Man Nearly Killed While Raking His Yard by Explosion of Dynamite. LUNATIC IS RECAPTURED. Big Conference Event of Week-President Nephi Pratt Attends and DeHyers Addresses-Other News. Special Correspondence OISE Ida., March G.-A plan is now on foot to reorganize the Capital State bank. which was B compelled to close its doors in this city Jan. 21. As a result of several meetings of the stockholders the first of the week an option of 30 days was given John W. Eagleson in which to secure money to continue the business of the bank. If the plan carries the bank will resume under the same name, and not as a national bank, as was first reported. Mr. Eagleson has left for the east with papers showing the status of the bank's affairs and the option given him by the stockholders. He claims to have $200,000 at his disposal and more if he needs it, supplied by parties in the east, to open the bank by March 21. This will do away with the receiver and fully secure all depositors. SERIOUS ACCIDENT. Henry Hartley of Caldwell barely escaped death last Tuesday by the explosion of a stick of dynamite. He was engaged in raking up the leaves in his yard and burning them when a terrific explosion occurred in the fire, presumably from a stick of dynamite, which dashed Hartley to the ground and inflleted severe wounds upon his body, especially on his head and neck. It was thought for a time that he could not live and that his eyes were blown out, but hopes are now entertained for his recovery and his eyes are found to be intact. It is not known how the dynamite got into the man's yard. Mr. Hartley is a young man and has always been a resident of Caldwell. LUNATIC RECAPTURED. W. R. Wheaten, who escaped from the Blackfoot insane asylum on the second of March, and who has been causing the officers considerable trouble in running him down, was finally captured on Tuesday at the home of a friend. living on a ranch a few miles out of this city. He had made his way on foot from the asylum to the place where found. A peculiar feature of the case is that the man in whose house the escape was found made a hold attempt to deceive the officers and conceal the insane man, who, by the way, is a very dangerous person in his present mental condition. His own breast is riddled with bullet holes into which he fired shots with his own hand. When the Insane man was found he was wrapped tightly in a quilt lying under a bed. CHARGED WITH FORGERY. Charles Burgess, a laborer of this city, was arraigned before the pustice of the peace on a charge of forgery, the fore part of the week. The case against him is the forging of the name of D. W. Ross of Boise to a check of $31.50. which he presented to a local hardware company in payment for a revolver. In default of ball Burgess 18 now residing in the county jail. STATE LAND SALE. The state land board has decided upon a sale of state lands. to be held at the courthouse at Twin Falls, April 3. at 10 o'clock, when 5.000 acres under the Twin Falls canal will as offered, the appraisment ranging from $10 to $55 per acre. The terms of the sale will be one-tenth of the purchase price on day of sale. together with interest for the first year at the rate of 6 per cent, the balance to be pain in 18 annual installments. No lands will be sold for less than the appraised valuation COURT MARTIAL OPENS. In the case of Captain Clarke D. Dudley, charged with conduct prejudical to good order and military discipline while in command of the post in the spring of 1907. court martial proceedings commenced yesterday at the Boise barracks, in which a number of officers from outside the state are participating. There are six specific charges against Captain Dudley, NEAL CONVALESCENT. H. E. Neal, cashier of the suspended Capital State bank of this city, who has been confined at the St. Luke's hospital for some weeks past, is now reported as being in much improved condition and has been removed to his home. L. D. S. CONFERENCE. Last Sunday was the occasion of a conference in this city of the Latterday Saints, at their comfortable little chapel on Jefferson street. President Nephi Pratt of the Northwestern States mission was in attendance, and addresses were delivered by him during the two sessions of the conference The other speakers were Heber Q. Hale, E. J. Merrill, P. W Madsen and W H. Kennington The last named was honorably released from his labors as a missionary to return to his home in Wyoming. In giving his report of the affairs of the Boise

14. April 3, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, April 3, 1908

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OPEN THE CAPITAL STATE BANK It is the practically unanimous opinion of the businesmen of Boise that the reopening of the Capital State Bank for business is the most important matter now before the citizens of Boise. The plan agreed upon has received the solid support of the directors and stockholders and throws all the burden of reorganization upon them. The depositors are to receive dollar for dollar, the claims all being properly certified and made transferable, thus guaranteeing them entering at once into the active business channels of the city. The plan is the same as that which was adopted in Portland, Oregon, in the reopening of the Merchant's National Bank, which suspended last fall. The Merchants's has been reopened for several months and has already resumed its former position as one of the most popular banks of Oregon's metropolis, and its time certificates are passing at par in the current chnnnel of trade, making the funds of depositors as available as though there had been no suspension. The agreement, which depositors are asked to sign in the matter of the Capital State Bank are even more liberal than those given in the case of the Merchant's National, and guarantee the depositors all their money with interest within 18 months, and make liberal per 1 centages available in good installments every three months. It is t understood that the parties financing the proposition will place $300,1 000 at once in the vaults of the bank, which with the more than O $100,000 already collected in by the receiver and with immediate ii available accounts will bring the total cash on hand to approximatea ly half a million of dollars, certainly a sum sufficient to assure the tl permanent success of the institution and guarantee the fatihful dist1 charge of every obligation. P We have not met a businessman who has not endorsed the plan for tr opening the bank, and such men as M. Alexander, W. E. Pierce and 01 A. E. Carlson, the latter speaking as President and for the Commercial Club have given the subject the investigation it deserves and do W not hesitate to advise the depositors to sign the agreements by which sh the bank can be reopened and all guaranteed against loss. of If you are a depositor do not wait to be urged but go at once to di the bank and sign the agreement. The sooner you act the earlier the tic bank will reopen. all

15. April 21, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, April 21, 1908

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The Directors and Stockholders of the Capital State Bank have done all in their power for the early re-opening of the bank. They have assumed all risks and made a substantial sacrifice of 20 per cent of their holdings in order to secure the funds that will be necessary to make the re-opening of the bank successful beyond doubt. They ask that depositors co-operate with them to the extent of guaranteeing the bank against a run for this is all that is meant by the agreement to take payment in installments. The depositors run no risks in accepting the certificates of indebtedness which guarantee the payment of these accounts in installments covering a period of 18 months, with interest. It is the best offer that could possibly be made and cuts off sixmonths of the time granted the Portland banks that have been opened after closing on account of the panic of last Fall. The Portland banks required a period of 24 months and the Capital State guarantees a full discharge of all obligations within 18 months. The depositors are standing in their own light if they do not sign the agreement and sign it at once, as every day of delay adds unnecessary expense and if the bank is thrown back to liquidation by the receiver the expense will cut into the splendid resources of the institution in a manner that will be felt. so

16. April 28, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, April 28, 1908

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Matters are not progressing so rapidly for the opening of the Capital State Bank as they should. It would appear that some depositors are of the opinion that the bank will re-open in any event and that by not signing up they would be in the position of preferred creditors and would be able to draw out their money at once. They are utterly indifferent to the spirit of the square deal and are looking for an advantage which the law will not give them if the bank's affairs are liquidated by a receiver. It is a case of sharp practice of which those indulging in should be heartily ashamed. It must be evident to any one that if $100,000 of the claims are not signed up and this amount is immediately withdrawn from the bank upon its opening that the bank would be crippled to that extent in carrying out its undertaking, for under the agreement $250,000 would have to H be paid within four months after opening, and this extra burden of V $100,000 on demand would be a very heavy one. The terms offered by the capitalists who have undertaken to finance the institution are H the best so far offered by any bank that failed in the Pacific northwest se and all the depositors should be willing to a fair and square treatment bt of all alike. It would be a calamity to Boise to have this institution thrown back in to the hands of the receiver for liquidation. Sign up today.

17. May 28, 1908 Bluefield Evening Leader Bluefield, WV
Article from Bluefield Evening Leader, May 28, 1908

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REOPEN BOISE BANK. Boise, May 28.-Under reorganization plans accepted by the courts the Capital State Bank, which suspended last January, was reopened today. The institution has more than a million in deposits.

18. May 28, 1908 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, May 28, 1908

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Reopen Boise Bank. BOISE, May 28.-Under reorganization plans accepted by the courts, the Capital State bank, which suspended last January, was reopened today, The institution has more than a million in depasits.

19. July 3, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, July 3, 1908

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The affairs of the Capital State Bank seem to be in excellent shape for settlement at an early date. The Court has ordered a dividend of 20 per cent, and the new bank—The Bank of Idaho—has given notice that it will pay on demand all deposits in the Capital State of ten dollars of less, which will reduce by practically 2,000 the number of depositors. The president of the new bank, Mr. Meholin, has been appointed receiver of the Capital State and will co-operate through the live bank in closing the affairs of the dead one. And as the new receiver is to receive no pay until the affairs of the old bank are fully settled, it will be seen that affairs are in as good shape as could possibly be expected. The new bank is rapidly growing in favor with the people and is already enjoying a fair business that gives promise of making it one of the leading financial institutions of the state.

20. October 31, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, October 31, 1908

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# MR. CHANEY MAKES DENIAL. Special Correspondence. Boise, Ida., Oct. 29.-W. S. Chaney, bank examiner, has issued a formal statement addressed to Hon. M. Alexander, Democratic candidate for governor of Idaho, stating that his attention has been called to the charges made by Mr. Alexander to the effect that the Capitol State Bank of Boise had been examined by Mr. Chaney 60 days before Its suspension. Mr Chaney makes emphatic denial of this and states that he never examined the bank at any time before its suspension. He states that he took office on June 1, 1907, and found that the Capitol State bank was the last bank examined by his predecessor, Mr. Loveland.

21. January 7, 1909 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 7, 1909

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FINANCIAL $ $ Jan. 2-State Bank, Rockyford, Col., closed doors. Ka 6-Four big New York diamond firms forced into trustee's hands: liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of D. receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex. largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa.. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. -People's National bank. Aspin. Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon. Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa.. stockbrokers. failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. a Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

22. January 8, 1909 The Julesburg Grit-Advocate Julesburg, Big Springs, CO
Article from The Julesburg Grit-Advocate, January 8, 1909

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TEXT TOTAL Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America. New York, closed for liquidation, by order of government. 29-New Amsterdam National bank. capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely. comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City. Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosctusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 23-Standard on $29,240,000 fine deelalon unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of AmerIca, New York. -C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred. Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham. cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport. Mich. State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.

23. August 21, 1909 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, August 21, 1909

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THREE MILLIONS INCREASE SHOWN Total Valuation of Idaho's Taxable Property Aggregates $119,000,000. BOARD COMPLETES LABORS. Defunct Bank Pays Back Amount of State's Deposit-Senator Borah Home. (Special Correspondence.) OISE, Aug 19.-The state board of equalization is nearing the end of Its annual grind. It has B been in session nearly 10 days has nearly.all the schedules made The total valuation of the state equalization, including railway, intaone and telegraph lines, it is U estimated willkaggregate $119,000,LAW an increase of $8,320,000 over the appraisement of all classes of property in Idaho for purposes{ of taxation in 1908. The returns from the 23 counties 1 show assessments aggregating $97,399.692. an increase of $1,800,000. over 1908. Few of the counties report any gain in valuation ower last year, and in view *8 of this fact the tendency of the board will be to increase the low! ones rather 61 than decrease those which have returned additional property. The increase in railroad property, it is estimated, will be proportionate to S the other classes, though it is already t evident that the railroads will resent any increase in thetassessment of their 1 property. 4 In the equalization of the valuations t returned for patented lands the rate of assessment in 17 of the 23 counties r was unchanged. Canyon and Lincoln counties were increased 10 per cent and Idaho county 15 per cent. Reductions were ordered as follows: Nez Perce, 10 a per cent: Shoshone, 15 per cent; Washington, 12 per cent. DEFUNCT BANK PAYS. b Receiver M. P. Meholin of the defunct Capital State bank, has paid $24,434 into theistate treasury, the sum which was unlawfully on deposit with that institution at the time offits wreck through the alleged forgeriesiof Cashier H. E. Neal, Jan. 20, 1908. Both the districtiand supreme courts held that this sum had become a trust k n fund by reason of the fact that It had n been SO deposited. and therefore, a preference claim. According to a statement made yesterday by Receiver M. P. Meholin, the depositors of this former institution will receive settlement in full of their claims on or before Jan. 1, 1910. Depositors have already received dividends aggregating 70 per cent since the bank closed. SENATOR BORAH HOME. Senator'W. E. Borah arrived home a few days ago from Washington. He will spend the rest of the summer lo principally in Boise. Heris a member TI of the senate, committee on irrigation, in but he has decided not to join the u junketing tour of the committee, which has just started on a trip to r every reclamation project in the United States. In speaking of this the senator p said: 1 "It is my Intention to make a personal and a close inquiry into certain f statements that have come to me ( respecting the forestry matter and the a reclamation undertakings. I have received numerous letters and petitions I bearing on various phases of administration of law and physical conditions. I propose, now I have the time, h to get at the facts so far as the Idaho h government enterprises are concerned, first hand. One of the principal causes of comh plaint respecting the forest reserves is that they embrace agricultural land that is by its Inclusion in effect reb moved from all possibility of cultivation. I intend to specially inquire into that subject. "I am a supporter of the policy of

24. September 3, 1909 Montpelier Examiner Montpelier, ID
Article from Montpelier Examiner, September 3, 1909

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IDAHO STATE NEWS Weiser is to have a cigar factory. Amesie A. Croney, a 16-year-old boy of Basalt, had his right arm almost torn off by the accidental discharge of a shotgun. George D. Stafford, a farmer near Caldwell, recently threshed a field of twelve acres of wheat, which averaged 71 bushels to the acre. There is a strong probability that construction work on the Oregon Short Line branch between Burley and Oakley will be well under way by September 15. In order to call an election for the adoption of what is known as "The Good Roads Bill," it is necessary to have a petition with at least ten names from each road district. The depositors of the defunct Capital State bank of Boise will receive settlement of their claims in full on or before January 1, 1910, according to a statement made by the receiver. Milt Wilkinson, the merchant at Indian Valley, is the first victim of the Sunday rest law in that county, having been convicted of keeping his store open on Sundays and fined $25 and costs. Boise Odd Fellows and lodge members of this state are planning to charter a special train to carry delegates and visitors to the session of the sovereign grand lodge in Seattle, September 20-25. Carrying twenty-five passengers, the steamship Seattle turned turtle when 300 feet from her dock at Coeur d'Alene. So far as known no lives were lost. Shifting cargo was the cause of the accident. Mrs. Mary Remington, 53 years old. the wife of D. D. Remington of Meridian, was instantly killed by an Interurban train at Tuwila, 12 miles south of Seattle. She was struck as she was crossing the track in front of the train. The cheering news has been received in Wendell that the Idaho Southern railroad will be extended at once from Jerome to Milner, and probably through to Oakley. The road is completed from Gooding to Jerome at present. Hon. Edgar Wilson, of Boise, who was operated on in Portland nearly a month ago, is not improving as his physicians would like. Mr. Wilson represented Idaho twice in congress, first as a Republican and again as a silver Republican. Reports from Wallace are that the Snowstorm Mining company, operating in that district, has found a plan to drive its tunnel through the 80. foot vein of soft rock, talc and mud which has given the miners so much trouble in tunnel No. 4. It is generally a conceded fact that dairying yields a larger profit in Idaho than can be expected from any other branch of farming. A. good cow will annually yield not much less than 300 pounds of butter which at 28 cents a pound is worth $84. The 7-year-old daughter of F. E. Smith, living about eight miles south of Caldwell, was accidentally shot in the face by a .22, in the hands of her brother, a lad 12 years old. It is not thought that any serious effects will arise from the accident. A flow of artisian water has been struck at a depth of 64 feet on a farm a mile and a half west of Nampa. This is the first flowing well struck in this section and the slight depth will undoubtedly cause practically all the settlers to drill wells. Clarence C. W. Robnett, held for the grand jury on the charge of embezzlement of $97,000 of the funds of the Lewiston National bank, and head of the Methodist Sunday school in Lewiston will, it is stated, plead insanity at his trial in Moscow this fall. The state board of horticulture, in view of reports of an unfavorable nature received concerning Idaho's exhibit at the Alaska-Yukon-Pacific ex position, has appointed Alex McPherson of Twin Falls and Dr. H. P. Ustick of Boise to go to Seattle for the purpose of conducting an investigation. It is announced that within the next ten days there will arrive in Utah two of the famous Union Pacific motor cars which were recently ordered by the Oregon Short Line railroad for service on that road between Ogden and Malad, establishing one of the greatest innovations ever introduced on a western road. The small town of Iron Mountain. formerly known as Superior, near Wallace, has' been practically wiped out by fire. The town was built along one street, and the blaze had full sweep. One lone saloon was the only business house that escaped. The loss was $35,000. The closing of all dice and card games in cigar stores in Lewiston has had such a serious effect on business in those places that the cigar dealers and saloon men of that city are endeavoring to coax the council to raise the lid in their behalf. The north Idaho timber fraud cases, believed to have been dronned from