15961. Commercial National Bank (Portland, OR)

Bank Information

Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
national
Bank ID
3422
Charter Number
3422
Start Date
July 29, 1893
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini
Short Digest
42505dee2702ccba

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Capital injected, Full suspension, Books examined

Description

Commercial National Bank (Portland, OR) experienced heavy withdrawals over ~60 days and failed to open July 29, 1893; it suspended payment (temporary) and then resumed business Sept 30, 1893 after arranging funds/extensions. Cause is tied to the broader 1893 money stringency/panic and inability to realize on securities rather than a discrete false rumor.

Events (7)

1. December 19, 1885 Chartered
Source
historical_nic
2. July 29, 1893 Other
Newspaper Excerpt
D. P. Thompson was appointed receiver of the Portland Savings Bank this afternoon. (related: Portland Savings under same management as Commercial National.)
Source
newspapers
3. July 29, 1893 Run
Cause
Macro News
Cause Details
Sustained heavy withdrawals over ~60 days amid the 1893 money-stringency/panic and difficulty realizing on securities; $800,000 withdrawn from Commercial National in 60 days and it paid out large sums (reported $100,000).
Measures
Paid out large cash sums (reported $100,000 paid out); posted notice of temporary suspension; later obtained funds and extensions to arrange resumption.
Newspaper Excerpt
the Commercial National bank... failed to open their doors this morning... owing to the heavy withdrawal of deposits during the last sixty days
Source
newspapers
4. July 29, 1893 Suspension
Cause
Macro News
Cause Details
Temporary suspension announced July 29, 1893, attributed to heavy withdrawals and inability to realize on securities during the nationwide/regionwide stringency.
Newspaper Excerpt
This bank is forced to temporarily suspend owing to the heavy withdrawal of deposits during the last sixty days and inability to realize on securities. Depositors will be paid in full.
Source
newspapers
5. August 1, 1893 Other
Newspaper Excerpt
The suspension of the Commercial National bank caused other regional suspensions/closures (e.g., First National of The Dalles; Port Townsend noted its suspension was due to the Commercial National's suspension).
Source
newspapers
6. September 30, 1893 Reopening
Newspaper Excerpt
The Commercial National bank of this city, which suspended July 29, will open its doors Monday morning, having secured funds and indulgences as required by the comptroller of the currency to the amount of nearly $1,500,000.
Source
newspapers
7. May 13, 1898 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)

Article from Deseret Evening News, July 29, 1893

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TODAY'S FAILURES. One of the Oldest Firms in the Country. HAMILTON, Ohio, July 29.-McNeal & Urban, safe an 1 lock company, one ofthe oldest safe firms in the country assigned. The assets are $160,000; liabilitiesure unknown. The firm claims to be solvent. AKRON, O., July 29.-The Citizens' Savings and Loan association failed this morning. It will pay in full. The capital is $100,000 and the surplus $80,000. KANKAKEE, Ills., July 29.-The First National bank failed this moruing. The assets are sufficient to pay the depositors in full. PORTLAND, Ogn., July 29.-The Commercial National, Portland Savings bank and the Alnsworth National bank failed this morning. With the exception of a slight run on the First National, the largest bank in the city, there was no excitement.


Article from St. Paul Daily Globe, July 30, 1893

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National Bank of Eau Claire, the Bank of Eau Claire and Chippewa Valley bank at the close of banking hours had taken in more than was paid out. These banks are backed by the wealthiest men in the citv. "n't the utmost confidence is expressed in them. FORTLAND. Ure., July 29.-The Commercial National bank. the Ainsworth National and the Portland Savings banks closed today, on account of the withdrawals of deposits. The Commercial National paid out $150,000. There was a run on the First National this morning, but all demands were promptly met and sufficient cash is said to be on hand to keep paying out for a week, if necessary. The suspended institutions are all said to be solvent. At 1 p. m., the ciosing hour, the excitement had subsided, and the withdrawal of deposits at the other bank ceased, while the business houses were making their usual Saturday deposits. Between the noon hour and the closing time deposits greatly exceeded the withdrawals. D. P. Thompson was appointed receiver of the Portland savings bank this afternoon. A statement of this bank shows resources $2,955,000, which is considered a conservative estimate. The liabilities are placed at $2,475,000. During the last sixty days there has been a shrinkage of $600,000. while $800,000 has been withdrawn from the Commercial National bank during the same period. The Commercial National paid $100,000 yesterday. AKRON, Ohio, July 29.-The Citizens Savings and Loan Association of Akron closed its doors at 10:30 this morning. The cause given was constant drawing upon resources by drawing out of deposits. The capital stock is $100,000, with $80,000 surplus. The company was organized and incorpΓ³rated in 1872. The suspension created no surprise in Akron, KANKAKEE, III., July 29.-The First National bank, of this city, failed to open this morning. A steady withdrawal of funds and inability to realize on paper were the causes. The assets are sufficient to pay depositors in full. The bank was organized in 1801. Emory Cobb is president and H. C. Clarke cashier. HAMILTON, July 29.-The McNeale & Urban Safe & Lock company, one of the oldest safe firms in the country, has assigned to Howard Douglass, of Cincinnati. Assets, $160,000; liabilities unknown. The firm had been unfortunate in several large contracts, but it IS claimed it is solvent. WALTHAM, Mass., July 29.-All the American Waltham Watch company foremen were interviewed by President Fitch today, and given instructions as to reducing their working forces. In some cases this will be a cut down of 50 per cent, and in all there will be 1,500 hands thrown out of work indefinitely. Of the hands retained. a large number will have to work for reduced pay, 15 per cent being cut off in some instances, it is said. Letters received today from the Elgin factory report the situation even worse there than in Waltham. There will be 1.600 watchmakers discharged there on Aug. 1, and the pay roll of $120,000 a week will be reduced about one-half. There are 500,000 movements in stock there, valued at $500,000. The concern IS all right financially, having a surplus on hand of $1,000,000 of undivided profits. In the discharge of hands, SO far as possible, those will be retained who have families dependent upon them for support, and the ones discharged will be taken on again whenever the business prospects shall brighten sufficiently to warrant it. HELENA, Mont., July 29.-The Citizens' Stock Growers' National Bank of Miles City closed today. Its assets are said to be far in excess of its liabilities. Stringency of the money market is given as the cause. The First National bank of the same city has all its deposits guaranteed by a committee of business men, and it is thought will be able to keep open. MANCHESTER, N. H., July 29.-Disclosures today tend to show that Cashier Morrell knew the worst, and ran away rather than face the music. A director stated this in


Article from The Indianapolis Journal, July 30, 1893

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THREE MORE AT PORTLAND. Financial Stringency in the Northwest Geting More Dangerous. PORTLAND, Ore., July 29.-The Commercial National Bank, Portland Savings Bank and the Ainsworth National Bank failed to open their doors this morning. With the exception of a slight run on the First National, the largest bank in the city. there 13 no excitement. The Commercial National and Portland Savings Bank are under the same management. A notice posted on each of the suspended banks says: "This bank is forced to temporarily suspend, owing to the heavy withdrawal of deposite during the last sixty days, and inability to realize on securities. Depositors will be paid in full." The Commercial National Bank had a paid up capital stock of $250,000. The Ainsworth National has a capital stock of @100,000. The statement of the Commercial National and the Ainsworth National, published July 12, shows resources as follows: Commercial, $1,950,000; Ainsworth. $687,000. Deposits-Commercial, $1,455,000; Ainsworth, $687,000. The Ainsworth National is a United States depository. No statement has yet been made of the condition of the Portland Savings Bank. It has a capital stook of $200,000, with is surplus of $202,000. At 1 P. M., the closing hour. the excitement had subsided and the withdrawal of deposits at the other banks ceased. while the business houses were making their usual Saturday deposits. Between the noon hour and the closing time deposits greatly exceeded the withdrawals. D. P. Thompson was appointed receiver of the Portland Savings Bank this afternoon. A statement of this bank shows resources $2,955,000, which 18 considered & conservative estimate. The liabilities are placed at $2. 475,000. During the last sixty days there has been a shrinkage of $600,000, while $80.000 has been withdrawn from the Commercial National Bank during the same period. The Commercial National Bank paid out $100,000 yesterday. Staving Off a Panic, YOUNGSTOWN, O., July 29.-Some mischievous person started a story, late yesterday afternoon. that the Dollar Savings and Trust Company was insolvent. This morning when the bank opened a crowd of depositors, mostly frightened women, wives of mill men, were at the bank to demand their money. Cashier Davis asked for the customary two weeks' notice, and not a dollar was paid out. The stockholders in the bank areamong the wealthiest citizens of the place. The bank is believed by all business men to be solvent. At noon several hundred people were crowding around the bank. At least a dozen merchants have drawn money from other banks and deposited in large amounts in the Savings bank. This 18 having the desired effect, and a panic will be prevented.


Article from The Helena Independent, July 30, 1893

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BUSINESS TROUBLES. Failures in Different Sections of the Country-Assets Are Ample. PORTLAND. Ore., July 29.-The Commercial National bank. the Portland Savings bank and the Ainsworth National bank failed this morning. With the exception of a slight run on the First National. the largest bank in the city, there is no excite. ment. The Commercial National and the Portland Savings banks are under the same management. The notice posted says the suspension is temporary and depositors will be paid in full. The Commercial National has n capital of $250,000, the Ainsworth National $100,000. YOUNGSTOWN. O., July 29.-As a reanis of malicious rumors n run started on the Dol. lar Savings and Trust company this morning. The bank required legal notice And not n dollar was paid out. It has wealthy stockholders. A number of merchants drew large some from other banks and daposited with it, allaying the excitement. NEW YORK, July 29.-As a result of the action of the savings bank presidents at a meeting Inst night declaring they would require the legal notice for the withdrawal of funds, caused elight runs on the savings banks of this city and Brooklyn to-day. They are all able to protect themsel ves under the time clause of the law, and no failures occurred or ale anticipated. HAMILTON, Ohio, July 29. - The McNeal & Urban : afe and Lock company, one of the oldest safe films in the country, have assigned. AsHets $160,000, liabilities unknown. The firm claims to be solvent. NEW WHATOOM, Wash., July 29.-This morning the Paget Sound Loan, Trust and Bauking company suspended temporarily. The bank is capitalized At $125.000. Liabilities $50,000, assets $200,000. EAU CLAIRE, Wie., July 29.-The Commercial bank, capitalized at $500,000, was placed in the hands of a receiver to-day. President Allen said: 'We calculate depositors will not lose a dollar." KANKAKEE, Ill., July ).-The - First National bank failed this morning. Assets sufficient to pay depositors in full. AKRON, Ohio. July 29.-The Citizens Savings and Loan association failed this morning. It will pay in full.


Article from The Herald, July 30, 1893

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FAILED TO OPEN DOORS. Three More Bank Failures at Portland, Ore. The Suspended Institutions Are All Solvent. Financial Disasters in Various Parts of the Country. The Action of New York Savings Bank Presidents Looked Upon With Suspicion-Bank Runs in New Jersey. By the Associated Press. PORTLAND, Ore., July 29.-Three banks failed to open doors this morning. They were the Commercial National, the Portland Savings and the Ainsworth National. With the exception of a alight run on the First National there was no excitement. A notice posted on each of the auspended banks says the banks were forced to temporarily suspend owing to heavy withdrawal of deposite during the last 60 days and inability to realize on securities. Depositors will be paid in full. The Commercial National bank has a paid-up capital stock of $250,000. Frank Dekum is president. The Port land Savings bank is under the same management. L. L. Hawkins is president of the Aineworth National, which has a capital stock of $100,000. Statements of the Commercial National and the Ainsworth National, published July 12th, show resources as follows: Commercial. $1,950,000; Ainsworth, $687,000. Deposite-Commercial, $1,455,000; Ainsworth, $447,000. D.P. Thompson was appointed receiver of the Portland savings bank this afternoon. The statement of this bank shows that its resources are estimated at $2,950,000, which is a considered conservative estimate. Its liabilities are placed at $2,475,000. During the last 60 days there has been a shrinkage of $600,000, while $800,000 has been withdrawn from the Commercial National during the same period. The Commercial National paid out $100,000 yesterday. A small bank at Forest Grove has closed owing to the Commercial National's suspension. The statement of the Union Banking company, which closed yesterday, shows: Assets, $98,000; liabilities, $53,000. The city has a claim for $13,000, and is the principal creditor.


Article from The Sun, July 30, 1893

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business men. These banks remained open after hours. PORTLAND, Ore., July 29.-The Commercial National Bank, Portland Savings Bank, and the Ainsworth National Bank failed to open their doors this morning. With the exception of a slight run on the First National Bank. the largest bank in the city, there is no excitement. The Commercial National and Portland Savings Bank are under the same management, A notice posted on each of the suspended banks says: This bank is forced to temporarily suspend owing to the heavy withdrawal of deposits during the last sixty days and inabile ity to realize on securities. Depositors will be paid in full." The Commercial National Bank had a paidup capital stock of $250,000. The Ainsworth National had n capital stock of $100,000. The statement of the Commercial National and the Ainsworth National published July 12, shows resources as follows: Commercial. $1,950.000; Ainsworth, $687,000. Deposits-Commercial, $1,455,000; Ainsworth. $447,000. The Ainsworth National is a United States depository. No statement has yet been made of the condition of the Portland Savings Bank. It has a capital stock of $260,000 with a surplus of $202,000. AKRON. O., July 29.-The Citizens' Savings and Loan Association of Akron closed its doors at 10:30 o'clock this morning. The cause given WAS constant drain upon resources by drawing out of deposits. The bank is regarded as sound. The capital stock is $100.000. with $60,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron. Edwin F. Voris has been appointed receiver. Nelson Stone. cashier of the City National Bank. said he thought the effect of the failure on Akron's financial condition had been discounted. The bank lost $300.000 in deposits last month. CHICAGO. July 20.-Stevens & Ross, who did business in a small way at 204 Fifty-fifth street. under the name of the South Park Bank. failed yesterday. When the depositors called at the bank this morning they found a card on the door which announced: This bank is closed bv order of the Court. T. Stevens. receiver." The failure is a small one and will cut no flgure in financial troubles. GRAND RAPIDS. Mich., July 29.-Local creditors yesterday were advised of the closing of the C. W. Chapin & Co. private bank at Stanton. Montealm county. owing to a rush of depositors for cash. No statement of the assets and liabilities has been given out. LOUISVILLE, July 29.-The Pineville Banking Company at Pineville, Ky., closed its doors yesterday. It was considered the best bank in southeastern Kentucky. The President will surrender all his personal property to help the bank out. FORESTVILLE, N. Y., July 29.-The examiners report that the total liabilities of Ward's Bank foot up $90,000. The assets will not exceed $20,000. MILWAUKEE, July 29.-The Savings Bank of Baraboo. Wis.. closed its doors this morning. This notice was posted: 'Failure to receive money confidentally expected. the stringency of the money market. and inability to realize on assets renders suspension of payment necessary." There are slight runs Oil other banks in the place.


Article from New-York Tribune, July 30, 1893

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STILL THE BANKS GO DOWN MANY SUSPENSIONS IN THE WEST. THREE IN PORTLAND, ORE-OTHERS IN WIS CONSIN, MICHIGAN, ILLINOIS, OHIO AND KENTUCKY. Portland, Ore., July 29.-The Commercial Nation: Bank, Portland Savings Bank and the Ainswort National Bank failed to open their doors this mor: ing. With the exception of a slight run on th First National. the largest bank in the city, ther Is no excitement. The Commercial National an the Portland Savings Bank are under the same mai agement. A notice posted on each of the suspende banks says: "This bank is forced to temporarily suspend owih to the heavy withdrawal of deposits during the la sixty days and inability to realize on securities. De positors will be paid in full." The Commercial National Bank has a paid-up capita stock of $250,000. The Ainsworth National has capital stock of $100,000. The statement of th Commercial National and the Ainsworth National pul fished July 12 shows resources as follows: Con mercial, $1,950,000 : Ainsworth, $687,000; deposit Commercial. $1,455,000: Ainsworth, $447,000. The Ainsworth National is a United States de pository. No statement has yet been made of th condition of the Portland Saving Bank. It has capital stock of $260,000, with a surplus of #202 900. Milwaukee, July 29.-The Commercial Bank o Eau Claire Wis., did not open its doors this mort ing. Notices were posted that the bank was in th hands of Byron A. Buffington, as receiver. Th closing is due to the continuance of heavy withdrawal and the inability to realize on securities. The Com mercial is a popular savings bank throughout th Chippewa Valley. It has a capital of $50,000. Run were started on the National Bank of Eau Claire, th Bank of Ean Claire and the Chippewa Valley Bank but were counteracted by heavy deposits by man leading business men. These banks are remainin open after hours. Grand Rapids, Mich., July 29.-Local creditors yes terday were advised of the closing of the C. " Chapin & Co. private bank at Stanton, Montcali County, owing to a rush of depositors for their cast No statement of the assets and liabilities has bee given out. Kankakee. III.. July 29.-The First National Bank € this city failed to open Its doors this morning. notice posted on the doors states that the assets ar ample to meet all claims. The bank has a' paid " capital of $50,000 and a large surplus. It wa organized in 1871. The bank carried a large lin of customers and has been, and is still, considered 1 be all right. E. Cobb. the president of the bank, I the heaviest stockholder and is a wealthy man. It i probable that the bank will resume in a short time The Merchants' National of Chicago and the Amer can Exchange National of New-York are its goi respondents. Chicago, July 29.-Stevens & Ross, who did bus ness in a small way at No. 204 Fifty-hfth-st., unde the name of the South Park Bank, failed to-day When the depositors called at the bank this mornin they found a card on the door which announced This bank is closed by order of the court." Th failure is a small one and will cut no figure i financial circles. Covington. Ind., July 29.-The Farmers and Met chants' Bank of this city closed my yesterday. Ex United States Treasurer Nebeker is the president.


Article from The Daily Morning Astorian, July 30, 1893

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MORE FAILURES IN PORTLAND, Three Strong Banks Suspend Payment To-Day. NO ULTIMATE LOSS FEARED The Commercial National, the Portland Savings and Ainsworth National Close Their Doors. Special to The Astorian. Portland, July 29.-Noon. Two National banks and one Savings institution failed to open their doors this morning. The Commercial National and the Portland Savings are kindred concerns, and the embarrassment of the one, naturally included the crippling of its dependant. The other National bank, the Ainsworth, was regarded as altogether out of reach of any possible panic. The Commercial National, of which Frank Dekum is president, has a paid up capital of $250,000 and a surplus and undivided profits amounting to $240,000. The Portland Savings is under the same management, L. L. Hawkins, president; its paid up capital is $225, 000; undivided profits $205,000; and deposits, about $400,000. The Ainsworth National has a capital stock of $100,000, a surplus of $100,000; resources, according to the published statement of the 12th, instant $687,000; deposits $447,000. The Commercial's deposits according to the statement made on the same day, were $1,455,000; resources $1,950,000. There was no reason for the closing of the doors of these banks except that they could not realize on their securities, which are ample even at panic selling prices to cover all liabilities. Depositors have been largely withdrawing for the past six weeks, not because of any timidity, but in order to meet legitimate demands for the discharge of indebtedness. This, owing to the scarcity of money, and impossibility of getting relief from the East has precipitated the crisis. None of the other banks were affected today. There was a slight run on the First National, but it did not amount to much, the with drawals being insignificant. All the depositors and creditors of the suspended banks will be paid in full as soon as the ample resources can be made available, and all three will probably resume business within a few days. D. P. Thompson was appointed re ceiver of the Portland Savings bank this afternoon. A. statement of this bank's condition shows resources esti mated at $2,950,000, which is considered conservative estimate; its liabilities are placed at $2,475,000. During the last sixty days there has been a shrink age of $600,000, while $800,000 have been withdrawn from the Commercial National during the same period. The Commercial National paid out $100,000 yesterday. A. small bank at Forest Grove has closed owing to the Commercial Nat ional's suspension. A statement of the Union Banking company, which closed yesterday, shows assets of $98,000; liabilities $53, 000; the city has a claim of $13,00 and is principal creditor. At 1 p. m., the closing hour, all was quiet at the banks, the slight run having been promptly met. The Ainsworth National is a United States depository.


Article from The Herald, August 1, 1893

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IN THE NORTHWEST. Several More Bank Failures on the Pacific Coast. WHATCOM, Wash., July 31.-The Bellingham Bay National bank did not open its doore this morning. Its temporary suspension was caused by the constant withdrawal of deposits for the past 90 days. Its assets are $250,000; liabilities, $160,000. The bank expects to resume in a short time. PORTLAND, Ore., July 31.-The First National bank of East Portland failed to open doors this morning. The officers of the bank say the suspension is temporary. A statement published July 12th shows that the resources of the bank were $325,000; deposits, $160,000. I. W. Case's bank also suspended today. THE DALLES, Ore., July 31.-The First National bank closed doors this morning. The suspension is due to the closing of the Commercial National bank of Portland. PENDLETON, Ore., July 31.-The Pendleton Savings bank is temporarily Buspended. R. T. Cox has been appointed receiver. Assets, $250,000; liabilities, $135,000.


Article from The Indiana State Sentinel, August 2, 1893

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THE DAY'S BANK FAILURES. Three Suspensions in Oregon and Others in Ohio and New York. PORTLAND, Ore., July 31.-The First national bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published July 12 shows resources of the bank to be $325,000; deposits on hand, $60,000. DALLES, Ore., July 31.-The First national bank closed its doors this morning. The suspension is due to closing of the Commercial national bank of Portland. CEDAR RAPIDS, Ia., July 31.-A. Daniels & Co., private bankers at Marion, made an assignment to C. H. Kurtz of property valued at $200,000 for the benefit of all their creditors. The cause is the lack of immediate cash. ASHLAND, Wis., July 31.-The First national bank of Ashland failed to open its doors this morning. There has been a steady draw on the bank's deposits for a month past. Its resources, according to the statement filed July 15. were $396,488. Dr. Edwin Ellis is president and ex-Governor Sam S. Fifield, vicepresident. The other banks are experiencing runs in consequence of the First national failure. PENDLETON, Ore., July 31. -The Pendleton savings bank has temporarily suspended. R. T. Cox has been appointed receiver. Assets, $250,000; liabilities, $135,000.


Article from Grant County Herald, August 3, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. Milwaukee, July 29.-A dispatch from Port Washington says the German American bank at that place has failed. Another special says Seymour's bank at Chippewa Falls also failed. CHIPPEWA FALLS, Wis., July 29.Seymour's bank of this city closed its doors yesterday. PORTLAND, Ore., July 29.-The Union Banking company of this city made an assignment yesterday. PORT WASHINGTON, Wis., July 29.-The German-American bank of this city closed its doors yesterday. STANTON, Mich., July 29. - C. W. Chopin & Co.'s bank here closed yesterday with a crowd of depositors at its doors. COVINGTON, Ind., July 29.-The Farmers' and Merchants' bank of this city closed up at 1 o'clock yesterday. ExUnited States Treasurer Nebeker is the president. MIDDLESBORO, Ky., July 29.-The First national bank of this place closed yesterday. GREAT FALLS, Mont., July 29.-The First national bank here suspended yesterday owing to the Helena bank's suspension. WASHINGTON, July 30.-Bank failures were reported to the comptroller as follows yesterday: First national at Kankakee, Ill.; Dollar savings bank at Youngstown, O.; Citizens' Savings and Loan association at Akron, O.; Commercial national, Ainsworth national and Portland savings banks at Portland, Ore.; Commercial at Eau Claire, First Wis.; Savings at Baraboo, W Exnational at Ashland, Wis., and change at Nunda, 111. WASHINGTON, Aug. 1.-Bank failures were reported as follows yesterday: First national at Portland, Ore.; First national at The Dalles, Ore.; Pendleton savings at Pendleton, Ore.; Bellingham Bay national at Whatcom, Wash.; Springfield savings at Springfield, Mo.; Akron savings at Akron, 0.; private bank of A. Daniels & Co. at Cedar Rapids, Ia.; private bank of J. W. Case at Astoria, Ore., and Park national at Livingston, Mont.


Article from The Evening World, September 19, 1893

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Port Townsend Bank Closes. PORT TOWNSEND. Wash., Sept. 19. -The Port Townsend National Bank failed to open yesterday. A notice announced the suspension as the result of the suspension of the Commercial National and Portland Savings Bank of Portland. Total liabilities of the Port Townsend National Bank are less than $100,000; assets between $120,000 and $130,000. The officials say they will resume in thirty days.


Article from The Evening World, September 19, 1893

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Port Town-end Bank Closes. PORT TOWNSEND. Wash., Sept." 19. -The Port Townsend National Bank failed to open vesterday. A notice announced the suspension as the result of the suspension of the Commercial National and Portland Savings Bank of Portland. Total liabilities of the Port Townsend National Bank are less than $100,000; assets between $120,000 and $130,000. The officials say they will resume in thirty days.


Article from Asheville Daily Citizen, September 28, 1893

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Only Nineteen. WASHINGTON, Sept. 28.-Still another bank has been permitted to reopen its doors, its officers having complied with the conditions imposed by the Comptroller of the Currency. This time it is the Commercial National bank of Portland, Ore., which suspended payment July 29. There remain now only 19 National banks in the hands of examiners and it is expected that nearly all of this number will be open again in October.


Article from The Seattle Post-Intelligencer, October 1, 1893

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Another Portland Bank to Resume. PORTLAND, Sept. 30.-The Commercial National bank of this city, which suspended July 29, will open its doors Monday morning, having secured funds and indulgences as required by the comptroller of the currency to the amount of nearly $1,500,000. The large amount of business done by this bank throughout the Pacific Northwest necessitated long delay in arranging for resumption. The ready acquiescence of creditors, however, in signing extensions enabled the bank to be more lenient to its debtors than would otherwise have been possible. With the resumption of the Commercial all four of the national banks that suspended will have resumed.


Article from St. Paul Daily Globe, October 1, 1893

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Portland Bank Opens. PORTLAND, Or., Sept. 30.-The Commercial National bank of this city, which suspended July 29, will reopen Monday morning under its old management. The Commercial is the last of four national banks which closed during the panic to resume.


Article from The Daily Morning Astorian, October 1, 1893

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COMMERCIAL NATIONAL OPENS. Portland, Sept. 30.-The Commercial National bank will open its doors on Monday. All the suspended national banks of this city will have resumed with the resumption of the Commercial.


Article from The Morning Call, October 1, 1893

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NEXT THE COMMERCIAL. On Monday All Four of Portland's National Banks WillBe Running. PORTLAND, Or., September 30.-Tbè Commercia National Bank of this city, which suspended July 2, will open its doors Monday morning. having secured funds and indulgences asrequired by the Comptroller of Currencyto the amount of nearly $1,500,000. The arg# amount of business done by this balk tiroug hout the Pacific Northwest necesstated a long delay in arrangingfor the esumption. The ready acquies ence of creditors, however, in signing extensions enibbd the bank to be more lenient to its deptors than would have otherwise been presble. With the resumption of the Commerial all four 0 the national banks that suspended wil have resumed


Article from The Herald, October 1, 1893

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Will Resume Business. PORTLAND, Ore., Sept. 30.-The Commercial National bank of this city which suspended July 29th will open its doors Monday morning, having secured funds and indulgence as required by the comptroller of the currency to the amount of nearly $1,500,000. The large amount of business done by this bank throughout the Pacific northwest necessitated long delay in arranging for reeumption. The ready acquiescence of the creditore, however, in signing the extension enabled the bank to be more lenient to its debtors than would have otherwise been possible. With the resumption of the Commercial all four of the national banks that suspended will have resumed.


Article from The Indiana State Sentinel, October 4, 1893

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syndicate expects the year to show the largest export in the history of the island. At Shreveport, La., Henry Coleman, jr., colored, who attempted to assassinate Capt. Thomas Lyles, was taken from jail at Benton by eighty men and hanged. He confessed his crime, The scheme planned by the Cherokee allotters and E. P. McCabe, the colored ex-secretary of state of Kansas, to establish a negro town of liberty in the Cherokee strip has been crystallized. The vice-president of the lower house of the Hungarian diet, Count Andreassy A. Bokros, in some manner as yet unexplained to the public, was found dead on the pavement below his residence. At Pittsburg bills were filed in the United States courts by Jesse Higgs and Samuel Bancroft, jr., asking for the appointment of a receiver for the Bedford Springs water company of Bedford, Pa. A difficulty occurred at the village of Sisseton, S. D., between Thomas Morse, a white man, and three Indians of the Sissetons, which terminated in the killing of one of the Indians, Henry Campbell. Two large caravans, one conveying a large consignment of clothes for the troops and the other conveying a party of merchants, have been attacked near Fez and all the animals and goods stolen. In a riot at Benwood, Pa., among a party of forty foreigners-Poles, Italians and Hungarians - who occupy a building known as the Harmony hotel, four of them were seriously hurt, one fatally. Lieut. Buck of company E and Sargt. Linze and Private Sheffield of company D, Sixteenth infantry of the regular army, stationed at Ft. Douglas, have been indected by the grand jury for murder. The loan committee of the New York clearing-house canceled $240,000 of loan certificates and called for redemption Monday $600,000, making the total called for Monday $720,000. Total outstandings, $25,075,000. It is learned that the donor of $500,000 to Harvard university a year ago to build, equip and maintain a reading room, the identity of whom has created a good deal of speculation, was the late Frederick L. Ames. The Commercial national bank of Portland, Ore., which suspended July 29, will reopen Monday under its old management. The Commercial is the last of four national banks which closed during the panic to resume. A statement prepared at the treasury department shows the collections from internal revenue for July and August of this year to have been $25,092,834 as compared with receipts of $28,577,641 during July and August of 1892. At Waco, Tex., a negro burglar in a boarding house fired on William Downs, who fired and killed the negro. On his person was found a kit of burglar tools. Several thousand dollars worth of stolen jewelry was found in his house. The grand jury at Lexington, Ky., brought in four indictments against Frank P. Scearce for forgery. Two are for forging the name of his father, James M. Searce, to notes of $1,300 each and the other on a check for $600. The excitement caused by the discovery of the great anarchist plot to blow up the reichsrath and other public buildings in Vienna on Oct. 19, the date of the assembling of parliament, has not abated. Other arrests were made. Col. H. Clay King, the slayer of David H. Poston, who is now serving a life sentence in the Tennessee penitentiary, has issued an address to the public in which he charges that his conviction was brought about by a conspiracy. At Pittsburg Samuel G. Stodhart, a car accountant at the Carnegie steel company, shot his wife in the heart while she was sleeping and then placing the muzzle of the revolver into his mouth killed himself. Business troubles the cause. At Ft. Smith, Ark., "Kid" Wilson and Henry Starr led an unsuccessful attempt to break jail. They were assisted by John Pointer, Alexander Allen and Frank Collins, condemned murderers, and Charles Young and Jim Fair, negroes. Notices were posted at the Edgar Thompson steel works that all men not actually employed upon repairs would be suspended without pay until such time as the works shall resume operations. This order will affect nearly 1,000 salaried clerks, furnacemen and others. Warren McCullough of the First national bank at Milan, Mo., had about thirty head of cattle stolen from his place. An attempt to ship the cattle having failed, they were abandoned by the thieves. The sheriff arrested William P. Taylor, cashier of the People's exchange bank, on a warrant sworn out by McCullough.


Article from Idaho County Free Press, October 6, 1893

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NEWS OF THE WEEK. Controller Eckels has authorized the Commercial National bank, of Portland, Or., to resume business. Sixteen buildings on the main business street of Bonner's Ferry were burned Tuesday night, causing a loss $25,000. A Boston news agency announces that Treasurer Washburn, of the Old Colony road, is a defaulter in the sum of $125,000. A fatal collision occurred between motor trains in Omaha Sunday night. The body of Mrs. A. B. Sbrigley was cut entirely in two. Two crazed Chinamen ran amuck in a crowd at Wilson and Jefferson streets, Chicago, Tuesday night and wounded five men, one fatally. Frederick Smith, of Suisun, Cal., was gored to death Monday by a bull on the ranch of E. C. Selfridge. Smith was the son of a jeweler in Suisun. On account of trouble between negroes and whites, martial law has been established in Jefferson parish, La. Great excitement prevails. A scaffold with two men fellin New York Friday morning. One man, John Murray, was killed, and the other, John Reilly, had an arm broken. By the bursting of a steam pipe on the new United States steamship Montgomery, Wednesday, the chief engineer and fireman were scalded to death. Saturday night H. Ballou's hop house, situated two miles west of Middleton, Oregon, was destroyed by fire. He loses his entire crop of hops, about $8000. There is no insurance. Leman Dyer, son of Banker O. T. Dyer, of Riverside, Cal., was accidentally shot by his cousin, Tom Weed, while hunting, Thursday, from the effects of which he died five hours later. Mrs. Leland Stanford's family allowance from the estate of the late Senator Stanford has been increased from $5000 to $10,000 per month, on her representation that $5000 was inadequate. Thomas Wynne was thrown out of a restaurant at Sacramento Monday night, striking on his head, and has since died. He was a brother-in-law of Andrew Carnegie, the Pittsburg millionaire. Five of the largest mills of the Illinois Shell company's plant at Bay View, Wis., will start up this week. This will give employment to 1500 men, most of whom have been idle for the past two months. At Frederick, Md., Saturday, Daniel Jones was ironed to a whipping post and received thirty-nine lashes on his bare back. This was a sentence imposed upon him by the court for beating his wife. William Whitman, Cashier of the American express company at Sprinfield, Ills., who embezzled $4000 and fled to California, pleaded guilty Saturday, and was sentenced to three years in the pen itentiary. Mrs. Carl Swayne, residing near Jacksonville, Oregon, committed suicide Tuesday night by taking a dose of strychnine. She was addicted to the use of morphine, and had become reckless and partially demented. At a review of troops in Barcelona, Spain, Sunday, a man in the crowd threw a bomb at General Martinez Compas. The general and three members of his staff were badly wounded and a civic guard killed. A receiver has been appointed for the Washington Farmers' Insurance Company of Spokane. The liabilities are $118,000. The capital stock of the company is $200,000, only $8960 of which has been paid in cash.


Article from The Penn's Grove Record, March 2, 1894

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South and West. "Pat Rooney," Cincinnati's famous chimpanzee, is dead. A 1000-barrel oil gusher was struck near Fort Recovery. O. Cold with a heavy fall of snow i killing hundreds of cattle in Oklahoma To get $30,000 worth of diamonds out of a blazing Springfield (0.) hotel, A. B. Platner, a south American millionaire, paid an expressman $200. Evans, the bandit, who, with his companion, Morrell, surrendered at Visalia, California, was taken to Fresno and sentenced to life imprisonment. James Mitchell, a desperate character of Richmond, Texas, fired upon a man named York, with whom he had a feud, in a crowded railway station at Houston. As a result York, Milton Sparks, and Daniel Gleason, an omnibus driver, were killed, and two women and a child were seriously injured. Suits involving $50,000,000 worth of St. Louis property are brought by the Bacquette Property Company, repre3 senting 40 heirs. Henry S. Ives, the once, "Napoleon of Finance,' who falled for $20,000,000, is physical wreck at Tampa, Fla. Bill Nye says his illness came from overwork, and he will give up lecturing. Because it brought a child, who had died of smallpox, a Panhandle train at Chicago was quarantined and the passengers were fumigated. On charges of wrecking a Missouri, Kansas and Texas train and shooting a brakeman, John Yocum and C. 'H. Craft were jailed at Houston. Tex.] reft. Suicide ended the career of Dr. R. S. Addison, one of the oldest of Chicago's physicians. A-suspension bridge or none is wanted across the Mississippi River by St. Louis merchants. After robbing the store of John Marks, at Lumkie, I. T., three bandits were run down and seized. S Holding up half a dozen men in a store at Hancock, Mo., a. nervy robber scaped with the till's contents, e on Caught on the horns of a vicious bull, Jose Barrera, matador, in a Saltillo (Mex.) bull fight, was gored to a 5 death. Senator Vance, who was reported dying, is in Florida, and in excellent health. n Quarreling over a World's Fair ven f ture, David O. Soper, of Chicago, tried to shoot his partner, Attorney C. M. Lawson, and was locked up. o e The Wells-Fargo Company has boughta controlling interest in the broken Commercial National Bank of Porte a land, Ore., and set it'on its feet. Unlawful language by the State's attorney changes to a year's imprisonment the death sentence of Murderer Willis Holder, of Arkadelphia, Ark. 1 Ray Grant, a prominent resident of Grand Junction, Col., was shot and killed yesterday at West Water, Utah, by Jack Smith, a miner, who escaped. With a piece of white paper pinned e over his heart, Joseph Dick, a Creek Indian, stood up without a tremor, and d was shot to death for murder near Eu taula, I. T.


Article from The Herald, June 1, 1898

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National Bank Changes The latest bulletin of the comptroller of the currency, dated May 23. 1898, gives the following, among other changes: National Bank Organized.-The Washington National bank, Washington, New Jersey (capital $50,000); W. B. Titman, president; R. M. Eilenberger, cashier. Voluntary Liquidation.-The Commercial National bank of Portland, Oregon. Insolvent.-The Fidelity National bank of Cincinnati, Ohio; J. F. Aldrich appointed receiver, in place of D. Armstrong, to take effect May 19, 1898.