Oregon Trust & Savings Bank (Portland, OR)

Episode Information

Episode UID
1425821391292
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
142582139 hash
Start Date
August 21, 1907
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
269d4709ebc54eea

Response Measures

None

Description

Receiver appointed and institution described as defunct; reorganization discussed but bank in receivership and assets turned over.

Events (3)
1. August 21, 1907 Receivership
Newspaper Excerpt
Thomas C. Devlin, formerly county auditor, was appointed receiver. The bank did not open for business today and was closed by order of the circuit court.
Source
newspapers
2. August 21, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Unable to realize on large holdings of telephone and other bonds and alleged improper large purchases/loans by the cashier leading to insolvency.
Newspaper Excerpt
A notice posted by the board of directors announcing the inability of the bank to realize on its securities...closed by order of the circuit court of the state for Multnomah county. Thomas C. Devlin...was appointed receiver.
Source
newspapers
3. September 20, 1907 Other
Newspaper Excerpt
Walter H. Moore ... transferred by deed all the title to 7496 acres ... to Thomas C. Devlin, receiver, for the payment of claims against the bank.
Source
newspapers

Newspaper Articles (21)
1. August 21, 1907 Lewiston Evening Teller Lewiston, ID
Article from Lewiston Evening Teller, August 21, 1907

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BIG PORTLAND BANK CLOSES ITS DOORS Had Over $3,000,000 In Deposits Mostly Savings Bank Accounts===Cashier Too Extravagant With Loans PORTLAND, Ore., Aug. 21.-The control of the road had been lost, at Oregon Savings bank of this city did first little credence was given to gosnot open for business today. A notice sip. Reports have been SO persistent was posted by order of the board of diand convincing, however, that they rectors announcing the inability of the are now believed by nearly all railroad bank to realize on its securities. men in the city. Another notice was posted stating "Mr. Hill and his friends first bethat the bank was closed by order of gan to lose control when the great the circuit court of the state of Oregon for Multnomah county. shrinkage in market values began about a year ago. Great Northern was Thomas C. Devlin, formerly county then selling beyond the 300 mark, and auditor, has been appointed receiver. Northern Pacific near it. In a few The Oregon Trust and Savings bank weeks they sagged, and now both was capitalized for $100,000, and its stocks are quoted around 120. It is deposits 10 days ago amounted to said Mr. Hill borrowed much money on about $3,000,000. On May 7 the bank his stocks, and in that way kept his issued a statement that its deposits controlling interests. When market amounted to $2,464,420, and its liabilivalues sagged so heavily, however, it ties $2,638,420. was necessary to cover, and a great The the directors of the institution, amount of money was used in paying of which W. H. Moore is president, collateral on loans. Finally the strain knew of the impending crash several upon his resources, it is said, came to days ago leaked out by the announcea breaking point, and a large amount ment today that a meeting of the bankof stock was sacrificed. J. Pierpont ers of the city was called last night to Morgan, who sided with Mr. Hill in all consider the situation. his deals, is also reported to have lost The other banks were called upon to very heavily in the shrinkage and to support the Oregon Trust and Savings have been forced to drop too much of bank, but did not respond to the apthe stock. peal The conference adjourned at 2 o'clock this morning. In an interview today Vice President E. E. Lytle placed the responsibility APPOINTS NEW upon the shoulders of W. Cooper Morris. the cashier of the concern. Lytle asserts that without authority of the board of directors Cashier Morris COMMISSIONERS bought secuities for large sums and that last Thursday, without authority of the board of directors, Cashier Morris took the bonds of the Home TeleSAN FRANCISCO, Aug. 21.-Mayor phone company, amounting to $1,300,Taylor today appoited as police com000, and went to New York to dispose missioners Joseph A. Leggett. attorney and single tax advocate; Charles A. of them, evidently with the idea of obSweigert, attorney, and Hugo D. Kreil, taining funds to place the bank on a retired merchant. to fill the vacancies better financial basis. Lytle is severe in his condemnation created yesterday by the removal of of the business methods of Cashier the several commissioners of the Morris. Friends of the latter, however, Schmitz board on charges of misconsay he acted within his rights and had duct in refusing to remove Chief of Pothe bank been allowed to do business lice Dinan for gross incompetency. a few days more would have placed it upon its feet. It is known the bank owned valuablee real estate and other securities. COUNT BONI A large number of the depositors are of the poorer and middle classes TURNED DOWN

2. August 22, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, August 22, 1907

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SA VINGS BANK GOES UNDER BIG INSTITUTION IN PORTLAND FAILS CASHIER IS ACCUSED OF RECK. LESSNESS Deposits Amount to About $3,000,000. Many of Its Patrons Belong to the Working Class By Associated Press. PORTLAND, Ore., Aug. 21.-The Oregon Trust and Savings bank of this city did not open for business today. A notice was posted by order of the board of directors announcing the inability of the bank to realize on its securities. Another notice was posted stating that the bank was closed by order of the circuit court of the state for Multnomah county. Thomas C. Devlin, formerly county auditor, was appointed receiver. The Oregon Trust and Savings bank is capitalized for $100,000. Its deposits ten days ago amounted to about $3,000,000. On May 7 the bank issued a statement that its deposits amounted to $2,464,420 and its liabilities to $2,638,420. That the directors of the institution, in which W. H. Moore is president and T. E. Lyttle vice president, knew of the impending crash several days ago leaked out by the announcement today that a meeting of the bankers of the city was called last night to consider the situation. The other banks were called upon to support the Oregon Trust and Savings bank but they did not respond to the appeal. The conference adjourned at 2 o'clock this morning. In an interview today Vice-President T. E. Lyttle placed the responsibility for the failure upon the shoulders of W. Cooper Morris, cashier of the concern. Lyttle asserts that without the authority of the board of directors Cashier Morris bought securities for hundreds of thousands of dollars and sold securities for large sums, and that last Thursday, also without the authority of the board of directors, Cashier Morris took bonds of the Home Telephone company amounting to $1,300,000 and went to New York to dispose of them, evidently with the idea of obtain funds to place the bank on a better financial basis. Lyttle is severe in his condemnation of the business methods of Cashier Morris. Friends of the latter, however, say he acted within his rights and had the bank been allowed to do business a few more days it would have survived. It is known that the bank owned valuable real estate and other securities. A large number of depositors are of the poorer class.

3. August 22, 1907 New-York Tribune New York, NY
Article from New-York Tribune, August 22, 1907

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OREGON BANK CLOSES DOORS. Portland Institution Suspends Because Unable to Realize on Securities. Portland, Ore., Aug. 21.-The Oregon Trust and Savings Bank, of this city, did not open for business to-day. A notice posted by the board of directors announced the inability of the bank to realize on securities, and another notice stated that it was closed by order of the Circuit Court for Multnomah County. The bank is capitalized for $100,000. Its deposits ten days ago amounted to about $3,000,000. That the directors of the institution, of which W. H. Moore is president. and E. F. Lytle vicepresident, knew of the impending crash several days ago. is shown by the fact that a meeting of the bankers of the city was held last night to consider the situation. The banks called upon for support did not respond to the appeal. The depositors are mainly of the poorer and middle classes.

4. August 22, 1907 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, August 22, 1907

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PORTLAND'S BIG BAND FAILURE (Continued from page one). ference with the receiver. For two nights he has not slept a wink. The blow fell heavily on Mr. Moore, and he blanched with pain as he saw several policemen holding the impatient and jostling throng of depositors, back from the door. The following notice was posted on the door of the bank at exactly 10 o'clock, though that something was wrong was evident an hour earlier when the doors to the saving account depositors did not open at 9 o'clock, the usual hour. Notice on Door. "Portland, Oregon, August 21, 1907.-Owing to inability to realize on our securities this bank is closed by order of the directors. "W. H. MOORE, Pres. "The Oregon Trust & Savings Bank has been closed by order of the circuit court of the State of Oregon, for Multnomah county, and Thomas C. Devlin has been duly appointed receiver for said bank. He will have charge of its property and effects and will conduct its business. "Customers of the safety deposit vault will please come to the side door on Sixth street." Bad Financiering. According to an analysis of the t bank's statement of its resources a made by experts, the indication is ( that the institution violated all the o laws of conservative and substantial v finance in placing so large a bulk of I its available assets in one class of t securities, the bank holding $900,t 000 worth of Home Telephone bonds S alone. V The bank has about 14,000 savings t accounts and over 2500 checking acW counts. The savings accounts are c with but very few exceptions less t than $1000, the average being only o $57 per depositor. The bank has 1 for months past been making a wideW spread campaign to secure small savo ings accounts, and did a land-office t business by mail. t Among the hundreds of depositors 1 who clamored at the door for admith tance were poor women and girls, old t men, laboring people mostly. There t were shop girls, waitresses and clerks S there were Italians, Greeks, Chinese t and Japanese, and in many cases the in savings of years had been wiped out. Tears fell freely from the eyes of a scores of women and girls, who were in hit the hardest. There were men a hose lips trembled and whose p cheeks paled when the closed and o parred doors broke the crushing to news to them. ti Inside the bank intense gloom preG vailed: the office force of a score, p ave those who were busy over ti ooks, accounts, answering telein hones, which rang insistently and g harshly, gathered together in little b groups and talked in subdued whisit ers. Most of them had not. only h ost their jobs, but their savings, ei which they had put into their own th ank. th

5. August 23, 1907 The Evening Star and Newark Advertiser Newark, NJ
Article from The Evening Star and Newark Advertiser, August 23, 1907

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PACIFIC COAST BANK OFFICERS STILL FREE. Report That Warrants Were Out for Their Arrest Founded on Indignation of Thousands of Depositors. PORTLAND. Ore.. Aug. 23.-Outspoken indignation among many of the 14,000 depositors of the Oregon Trust and Savings Bank. the doors of which were closed on Wednesday, caused the report to be circulated that warrants had been issued for the arrest of officers of the bank. It developed. however, that no warrants had been issued, and hat the net result of numerous demands for arrests by certain depositors was the preparation of complaints by the district attorney. A mass meeting of depositors has been called to devise ways and means to proteet their interests. While some of the directors assert that Cashier W. C. Morris erred in buying huge blocks of bonds and lending money to enterprises in which he is alleged to have been interested, friends of Morris warmly defend him. and assert that the directors should have been cognizant of the bank's dealings. It is said that Morris is now on the way to Portland from the East, where he went to dispose of securities in an endeavor to save the bank. Receiver Devlin expressed the belief that the depositors will be paid in full.

6. August 23, 1907 The Morning Astorian Astoria, OR
Article from The Morning Astorian, August 23, 1907

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see that none of the officals undertook to leave. Detective Maher is now locat-ing the bank officers and is preparing to have Morris apprehended in the east. The securities which Morris took east to convert into cash, bonds amounting to about $900,000, are now on their way back to Portland. It is also reported the cashier is accompanying them. Early this morning the District Attorney's office was besieged with depositors of the Oregon Trust & Savings Banks, who demanded immediate prosecution of the officials. These depositors carried accounts from $10 upward. Many of the employes of the bank are discharged, only a sufficient number have been retained to assist Receiver Devlin in handling the affairs of the concern. While some of the directors freely charge Cashier W. Cooper Morris with violating the banking rules in buying huge blocks of bonds and loaning money to enterprises in which he is alleged to have been interested, other bankers declare that nothing but gross, if not criminal negligence, on the part of the directors could have made such manipulation of depositors' money possible. The friends of Morris warmly defend his course. The assertion is openly made that directors were not kept in the dark regarding any alleged questionable enterprises of the cashier. It is understood that Morris is now enroute to the East where he went to dispose of large blocks of securities in the endeavor to place the bank upon its feet. Receiver Devlin expressed the belief today that depositors will be paid full.

7. August 23, 1907 The Morning Astorian Astoria, OR
Article from The Morning Astorian, August 23, 1907

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Received Deposits With Knowledge of Tottering Securities of Institution. PAY DEPOSITORS IN FULL Receiver Devlin Has Faith in Ability of Bank to Make Good-Cashier Morris is in East to Sell Securities and Place Bank on Its Feet-Directors Scapegoat. PORTLAND, August 22.-The charge is freely made today in connection with the failure of the Oregon Trust & Savings Bank that certain officials of the company let it become known to friends that the bank was in bad shape and a partial substantiation of the report is had in the alleged fact that $50,000 in deposits were withdrawn from the institution Monday and Tuesday. These reports bearing upon the alleged questionable business methods of the management aroused great indignation among the 14,000 depositors who were on the concern's books. Demands for the arrest of certain officials of the bank today led to the preparation of complaints by the district attorney's office. The warrants however, have not been issued. pending further investigation. The failure of the bank caused consternation among thousands of poor people whose savings were deposited with the bank, and a mass meeting of unfortunates has been called to devise ways and means for the mutual protection of their interests. District Attorney John Manning is now traveling to Portland on horseback from Carson Springs, on the Upper Columbia, to take personal charge of the case. He telephoned from the resort early this morning to Deputy District Attorney Adams to prepare complaints against the officials of the bank and to also prepare warrants. Manning sent orders to Patrick Maher, special detective of the district attorney's office, to

8. August 23, 1907 The Coeur D'alene Press Coeur D'alene, ID
Article from The Coeur D'alene Press, August 23, 1907

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RUMORS OF JOBBERY Methods of Wrecked Oregon Trust Co. Criticized. Portland, Ore., Aug. 23.-The charge was freely made in connection with the failure of the Oregon Trust and Savings bank that certain officials of the company let it become known to friends that the bank was in bad shape and partial substantiation of the report is had in the al. leged fact that $50,000 in deposits was withdrawn from the institution Monday and Tuesday. Reports bearing upon the alleged questionable business methods of the management aroused great indignation among 14,000 depositors who were on the concern's books. Demands for the arrest of certain officials of the bank today led to preparation of complaints by the district attorney's office. The warrants, however, have not been issued pending further investigation. The failure of the bank caused consternation among thousands of poor people whose savings were deposited with the bank, and a mass meeting of unfortunates has been called to device ways and means for mutual protection of their interests. Many of the employes of the bank have been discharged, only a sufficient number being retained to assist Receiver Devlin in handling the affairs of the concern. While some of the directors freely charge Cashier W. Cooper Morris with violating banking rules in buying hugh blocks of bonds and loaning money to enterprises in which be is alleged to have been interested. Other bankers declare nothing but gross, if not criminal, negligence on the part of the directors could have made such manipulation of the depositors' money possible. Friends of Morris warmly defend his course. The assertion is openly made that the directors were not kept in the dark regarding any alleged to have been interested other than the cashier. It is understood Morris is en route from the east, where he went to dispose of large blocks of securities to endeavor to place the bank upon its feet. Receiver Devlin expressed the belief today that depositors will be paid in fuil.

9. August 23, 1907 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 23, 1907

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NEGLIGENCE OF THE DIRECTORS Cashier Morris Not Alone to Blame for Failure of Portland Savings Bank. Portland, Ore., Aug. 22.-The charge was freely made today in connection with the failure of the Oregon Trust and Savings bank that certain officials of the company let it become known to friends that the bank was in bad shape and a partial substantiation of the report was in the alleged fact that $50,000 in deposits were withdrawn from the institution Monday and Tuesday. Reports bearing upon alleged questionable business methods of the management aroused great indignation among 14,000 depositors who were on the concern's books, and demands for the arrest of certain officials of the bank today led to the preparation of complaints by the district attorney's office. Warrants, however, have not been issued pending further investigation. The failure of the bank caused consternation among thousands of poor people whose savings were deposited therein, and a mass meeting of the unfortunates was called to devise ways and means for mutual protection of their interests. Many of the employes of the bank have been discharged, only a sufficient number being retained to assist Receiver Devlin in handling the affairs of the concern. While some of the directors freely charge Cashier W. Cooper Morris with violating banking rules in buying huge blocks of bonds and loaning money to enterprises in which he is alleged to have been interested, other bankers declare that nothing but gross, if not criminal negligence on the part of the directors could have made such manipulation of depositors' money possible. Friends of Morris warmly defend his course. The assertion is openly made that the directors were not kept in the dark regarding any alleged questionable enterprises of the cashier. It is understood Morris is now en route from the east, where he went to dispose of large blocks of securities in an endeavor to place the bank upon its feet. Receiver Devlin expressed the belief today that depositors will be paid in full.

10. August 24, 1907 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, August 24, 1907

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DEPOSITORS DEMAND ARREST OF BANKERS Receiver Believes Wrecked Portland Institution Will Pay Dollar for Dollar. Portland, Ore., Aug. 23.-Outspoken indignation among many of the fourteen thousand depositors of the Oregon Trust and Savings bank, the doors of which were closed Wednesday, caused a report to be circulated yesterday that warrants had been issued for the officers of the bank. It develops, however, that no warrants had been issued, but that as a result of numerous demands for the arrest of the officers by certain depositors, the preparation of complaints is being made by the district attorney. A meeting of the depositors has been called to devise ways and means to protect their interests. Receiver Depline expresses the opinion that depositors will be paid in full.

11. August 24, 1907 Tonopah Bonanza Tonopah, Butler, NV
Article from Tonopah Bonanza, August 24, 1907

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BANK FAILURE HAS BAD LOOK [By Associated Press.] PORTLAND, Aug. 22.-The charge was freely made today in connection with the failure of the Oregon Trust and Savings Bank, that certain officials of the company let 1/0 become known to their friends that the bank was in bad shape, and as a partial substantiation of the report, it is an alleged fact that $50,000 in deposits were withdrawn from the institution Monday and Tuesday. Reports bearing upon the alleged questionable business methods of the management aroused great indignation among fourteen thousand depositors who were on the concern's books. Demands for the arrest of certain officials of the bank today led to the preparation of complaints by the district attorney's office. Warrants, however, have not been issued, pending a further investigation. The failure of the bank caused consternation among thousands of poor people, whose savings were deposited with the bank, and a mass meeting of the unfortunates was called to devise ways and means for the mutual protection of their interests. Many of the employes of the bank were discharged, only a sufficient number being retained to assist Receiver Devlin in handling the affairs of the concern. While some of the directors freely charge Cashier W. Cooper Morris of violating the banking rules by buying huge blocks of bonds and loaning money on enterprises with which he is alleged to be interested, other bankers declare that nothing but gross, if not criminal, negligence on the part of the directors could have made such a manipulation of the depositors' money possible. Friends of Morris defend his course. The assertion is openly made that the directors were not kept in the dark regarding any of the alleged questionable enterprises of the cashier. It is understood that Morris is now en route from the East, where he went to dispose of a large block of securities, in an endeavor to place the bank upon its feet. Receiver Devlin expresses the belief today that depositors will be paid in full.

12. August 29, 1907 The Plymouth Tribune Plymouth, IN
Article from The Plymouth Tribune, August 29, 1907

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Big Oregon Bank Driven to Wall. Inability to realize quickly on its securities, owing to the money stringency in New York, the Oregon Trust and Savings bank of Portland, was forced to suspend Wednesday, and is now in the hands of a receiver. The bank was capitalized for $100,000. Its deposits ten days ago amounted to about $3,000,000. A statement issued May 7 shows that its deposits then were $2,464,420 and its liabilities $2,638,420. The bank's depositors, who are mainly of the poor and middle classes first learned of the failure through a notice posted by the board of dire tors announcing the inability of the bank to realize on securities. Another notice stated that the bank was closed by order of the Circuit court for Multnomah county, Thomas C. Devlin, formerly county auditor, hav ing been appointed receiver. Vice President Lytle placed responsibility for the failure on W. Cooper Morris, the cashier. Lytle declared that without the authority of the board of directors Morris bought and sold hundreds of thousands of dollars' worth of securities, and that last Thursday, without authority, Morris took home bonds of a telephone company amounting to $1,300,000 and went to New York to dispose of them, evidently with the idea of ob taining funds to place the bank on a better financial basis. While Lytle is severe in his condemnation of the business methods of Cashier Morris, friends of Morris say he acted within his rights, and, had the bank been allowed to do business for a few more days, Morris would have placed it upon its fe.: The bank owned valuable real estate and other securities. That the directors of the bank, of which W. H. Moore is president, knew of the impending crash several days ago became known by an announcement that a meeting of the bankers of Portland had been held to consider the situation. The other banks called upon for support did not respond to the appeal. The conference of banks adjourned at 2 o'clock Wednesday morning.

13. August 31, 1907 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, August 31, 1907

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TO RE-ORGANIZE PORTLAND BANK DEFUNCT INSTITUTION TO BE OPENED AGAIN WITH GOOD BACKING. PORTLAND, Aug. 31.-Backed by strong financial interests, action is being considered looking to the rehabilitation and early opening of the Oregon Trust & Savings bank, recently suspended on account of failure of its officers to realize cash in an emergency on its securities. It is said the proposed reorganization will result in a settlement that will clear the bank of its present troubles, release it from the receivership, and place it in a strong position in the community Officers of the bank are reticient as to the proposed plans. W. C. Morris. cashier of the institution, said today: "There is nothing definite to be said at the present time. We all would of course, like to see the bank reorganize and hope it may be done. But as yet such a movement has not assumed a form that would warrant any statement regarding it." Various stories are current regarding the character of the reorganization, and the amount of capital of the proposed bank. One statement is to the effect that the capital will be $500,000, another places it at $750,000.

14. September 13, 1907 The Kendrick Gazette Kendrick, ID
Article from The Kendrick Gazette, September 13, 1907

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LATE NEWS ITEMS, Judges of Philadelphia have declared unconstitutional the 2-cent railroad fare law passed by the last legislature. M. F. Kincaid has resigned as warden of the state penitentiary at Walla Walla, to take effect as soon as a successor can be named. From her parents, both of whom died within a few days of each other, Mrs. Herman H. Wycoff of Bellingham has inherited a share, valued at $500,000, of an estate. It is reported that Japan doesnot intend to make an international affair of the Japanese riots which have occurred in Vancouver, B. C. A prominent offi cial of Japan says the relations between Japan and Great Britain are too close and too friendly to be destroyed by this incident. He says the Japs will demand damages. It is reported that a large paper mill is to be erected at St. Joe, Idaho, which will cost $1,500,000. Spokane has passed an ordinance that saloons must pay $1000 a year license. It is reported that the Countess of Montignoso, the divorced wife of the King of Saxony, was married in London to Signor Tozzell, the Italian singer. Plans are on foot to reorganize and reopen the Oregon Trust and Savings bank which failed in Portland a few weeks ago. Patrick Brice, hero of several Indian wars and an argonaut of the early 50s, died at Anaconda, Mont., recently. Brice was awarded a medal for signal bravery during the Nez Perce war in 1877 in connection with the rescue of the 6-year-old daughter of an army officer named Manuel. The bond election at Tacoma for a new water plant to cost $2,000,000 was voted down. The New York city bond issue of $40,000,000, was heavily over-ubscrib ed at premiums ranging up to 103. The Standard Oil company of Indiana has applied to the United States circuit court or a writ of supersedeas, suspending the opeartion of the recent decision rendered by Judge Landis in the United States district court in which the penalty assessed against the company was $29,000,000.

15. September 13, 1907 Troy Weekly News Troy, ID
Article from Troy Weekly News, September 13, 1907

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LATE NEWS ITEMS. Judges of Philadelphia have declared unconstitutional the 2-cent railroad fare law passed by the last legislature. M. F. Kincaid has resigned as warden of the state penitentiary at Walla Walla, to take effect as soon as a successor can be named. From her parents, both of whom died within a few days of each other, Mrs. Herman H. Wycoff of Bellingham has inherited a share, valued at $500,000, of an estate. It is reported that Japan does not intend to make an international affair of the Japanese riots which have occurred in Vancouver, B. C. A prominent offi cial of Japan says the relations between Japan and Great Britain are too close and too friendly to be destroyed by this incident. He says the Japs will demand damages. It is reported that a large paper mill is to be erected at St. Joe, Idaho, which will cost $1,500,000, Spokane has passed an ordinance that saloons must pay $1000 a year license. It is reported that the Countess of Montignoso, the divorced wife of the King of Saxony, was married in London to Signor Tozzell, the Italian singer. Plans are on foot to reorganize and reopen the Oregon Trust and Savings bank which failed in Portland a few weeks ago. Patrick Brice, hero of several Indian wars and an argonaut of the early 50s, died at Anaconda, Mont., recently. Brice was awarded a medal for signal S bravery during the Nez Perce war in 1877 in connection with the rescue of the 6-year-old daughter of an army officer named Manuel. The bond election at Tacoma for a new water plant to cost $2,000,000 was voted down. f The New York city bond issue of $40,000,000, was heavily over-mbscrib ed at premiums ranging up to 103. The Standard Oil company of Indiana has applied to the United States circuit court or a writ of supersedeas, S suspending the opeartion of the recent e decision rendered by Judge Landis in the United States district court in which the penalty assessed against the f company was $29,000,000.

16. September 14, 1907 Bonners Ferry Herald Bonners Ferry, ID
Article from Bonners Ferry Herald, September 14, 1907

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LATE NEWS ITEMS. Judges of Philadelphia have declared unconstitutional the 2-cent railroad fare law passed by the last legislature. M. F. Kincaid has resigned as warden of the state penitentiary at Walla Walla, to take effect as soon as a successor can be named. From her parents, both of whom died within a few days of each other, Mrs. Herman H. Wycoff of Bellingham has inherited a share, valued at $500,000, of an estate. It is reported that Japan does not intend to make an international affair of the Japanese riots which have occurred in Vancouver, B. C. A prominent offi cial of Japan says the relations between Japan and Great Britain are too close and too friendly to be destroyed by this incident. He says the Japs will demand damages. It is reported that a large paper mill is to be erected at St. Joe, Idaho, which will cost $1,500,000. Spokane has passed an ordinance that saloons must pay $1000 a year license. It is reported that the Countess of Montignoso, the divorced wife of the King of Saxony, was married in London to Signor Tozzell, the Italian singer. Plans are on foot to reorganize and reopen the Oregon Trust and Savings bank which failed in Portland a few weeks ago. Patrick Brice, hero of several Indian wars and an argonaut of the early 50s, died at Anaconda, Mont., recently. Brice was awarded a medal for signal bravery during the Nez Perce war in 1877 in connection with the rescue of the 6-year-old daughter of an army officer named Manuel. The bond election at Tacoma for a new water plant to cost $2,000,000 was voted down. The New York city bond issue of $40,000,000, was heavily over-subscrib ed at premiums ranging up to 103. The Standard Oil company of Indiana has applied to the United States circuit court or a writ of supersedeas, suspending the opeartion of the recent decision rendered by Judge Landis in the United States district court in which the penalty assessed against the company was $29,000,000.

17. September 14, 1907 Pullman Herald Pullman, WA
Article from Pullman Herald, September 14, 1907

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LATE NEWS ITEMS. Judges of Philadelphia have declared unconstitutional the 2-cent railroad fare law passed by the last legislature. M. F. Kincaid has resigned as warden of the state penitentiary at Walla Walla, to take effect as soon as a successor can be named. From her parents, both of whom died within a few days of each other, Mrs. Herman H. Wycoff of Bellingham has inherited a share, valued at $500,000, of an estate. It is reported that Japan does not intend to make an international affair of the Japanese riots which have occurred in Vancouver, B. C. A prominent offi cial of Japan says the relations between Japan and Great Britain are too close and too friendly to be destroyed by this incident. He says the Japs will demand damages. It is reported that a large paper mill is to be erected at St. Joe, Idaho, which will cost $1,500,000. Spokane has passed an ordinance that saloons must pay $1000 a year license. It is reported that the Countess of Montignoso, the divorced wife of the King of Saxony, was married in London to Signor Tozzell, the Italian singer. Plans are on foot to reorganize and reopen the Oregon Trust and Savings bank which failed in Portland a few weeks ago. Patrick Brice, hero of several Indian wars and an argonaut of the early 50s, died at Anaconda, Mont., recently. Brice was awarded a medal for signal bravery during the Nez Perce war in 1877 in connection with the resoue of the 6-year-old daughter of an army officer named Manuel. The bond election at Tacoma for a new water plant to cost $2,000,000 was voted down. The New York city bond issue of $40,000,000, was heavily over-subscrib ed at premiums ranging up to 103. The Standard Oil company of Indiana has applied to the United States circuit court or a writ of supersedeas, suspending the opeartion of the recent decision rendered by Judge Landis in the United States district court in which the penalty assessed against the company was $29,000,000.

18. September 20, 1907 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, September 20, 1907

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FORTUNE TO DEPOSITORS PORTLAND, Sept. 20.-Walter H. Moore, president of the de* funct Oregon trust and savings bank and Mrs. Laura Moore, his wife. transferred by deed all the title to 7496 acres of and in MultSherman nomah, Morrow and to counties, valued at $250.000 to Thomas C. Devlin, receiver, use in anyway he saw fit for the payment of claims against the bank. The transfer is absolute with no conditions attached.

19. September 21, 1907 Albuquerque Citizen Albuquerque, NM
Article from Albuquerque Citizen, September 21, 1907

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BANK PRESIDENT GIVES UP PROPERTY Portland, Ore., Sept. 21.-Walter H. Moore, president of the defunct Oregon Trust and Savings Bank, yesterday completed the transfer to receiver Thomas Devlin of all the right and title to lands said to be worth about a quarter of a million. They constitute the bulk of Moore's private fortune and are turned over to help reimburse the depositors in the bank.

20. September 21, 1907 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, September 21, 1907

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In his efforts to help reimburse the depositors of the defunct Oregon Trust and Savings bank, which recently failed in Portland, Walter H. Moore, president of the bank, with his wife, Mrs. Laura Moore, transferred to the receiver of the bank, Thomas Devlin, 7496 acres of rich farming lands in Multnomah, Morrow and Sherman counties, in Oregon, and in Franklin county, Washington, valued at $250,000. The deed to the receiver is made absolute and there are no provisions attached, it being the wish of Mr. Moore that the property be used to the best advantage in repaying the extraordinary losses sustained by the depositors of the bank. While this act on part of Moore is commendable, yet it is the common sentiment that it deserves no special commendation, as the president of the bank and all its other officers are in duty bound to make good every cent of the loss to depositors. This sum will fall far short of every cent of repaying the losses which will reach to more than $1,000,000.

21. October 11, 1907 The Montana Plaindealer Helena, MT
Article from The Montana Plaindealer, October 11, 1907

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LATE NEWS ITEMS. Judges of Philadelphia have declared unconstitutional the 2-cent railroad fare law passed by the last legislature. M. F. Kincaid has resigned as warden of the state penitentiary at Walla Walla, to take effect as soon as a successor can be named. From her parents, both of whom died within a few days of each other, Mrs. Herman H. Wycoff of Bellingham has inherited a share, valued at $500,000, of an estate. It is reported that Japan does not intend to make an international affair of the Japanese riots which have occurred in Vancouver, B. C. A prominent offi cial of Japan says the relations between Japan and Great Britain are too close and too friendly to be destroyed by this incident. He says the Japs will demand damages. It is reported that a large paper mill is to be erected at St. Joe, Idaho, which will cost $1,500,000. Spokane has passed an ordinance that saloons must pay $1000 a year license. It is reported that the Countess of Montignoso, the divorced wife of the King of Saxony, was married in London to Signor Tozzell, the Italian singer. Plans are on foot to reorganize and reopen the Oregon Trust and Savings bank which failed in Portland a few weeks ago. Patrick Brice, hero of several Indian wars and an argonaut of the early 50s, died at Anaconda, Mont., recently. Brice was awarded a medal for signal bravery during the Nez Perce war in 1877 in connection with the rescue of the 6-year-old daughter of an army officer named Manuel. The bond election at Tacoma for a new water plant to cost $2,000,000 was voted down. The New York city bond issue of $40,000,000, was heavily over-subscrib ed at premiums ranging up to 103. The Standard Oil company of Indiana has applied to the United States circuit court or a writ of supersedeas, suspending the opeartion of the recent decision rendered by Judge Landis in the United States district court in which the penalty assessed against the company was $29,000,000.