18320. Job bank (Corvallis, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 1, 1893*
Location
Corvallis, Oregon (44.565, -123.262)

Metadata

Model
gpt-5-mini
Short Digest
9182c26c

Response Measures

None

Description

Articles from June–November 1893 describe the Job Bank in Corvallis as having 'burst' and passed into the hands of a receiver (Receiver Bryson). There is discussion of an attachment and possible loss of college funds. No article explicitly describes a depositor run; the evidence points to insolvency followed by suspension and receivership (permanent closure). Date of suspension/receivership is before 1893-06-22 (article 1).

Events (2)
1. June 1, 1893* Receivership
Newspaper Excerpt
Receiver Bryson has figured out that the assets of the defunct ... Job bank ... the bank bursted and so ... the bank bursted and ... the bank passed into the hands of a receiver ... an attachment was placed on the property by Treasurer Shipley . . . the funds on deposit when the bank suspended . . . the bank passed into the hands of a receiver . . . it now develops that the attachment was irregularly issued . . . (1893 articles).
Source
newspapers
2. June 1, 1893* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had failed/burst and gone into hands of a receiver; insolvency/ failure rather than a rumor-driven run is described in articles.
Newspaper Excerpt
Receiver Bryson has figured out that the assets of the defunct ... Job bank ...
Source
newspapers

Newspaper Articles (6)
1. June 22, 1893 Lincoln County Leader Toledo, OR
Article from Lincoln County Leader, June 22, 1893

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Article Text

The wet weather is tough on the strawberries. S. V. Burt made a flying trip to Pioneer on Tuesday last. 1. Mr. J. L. Akin returned from the valley last Tuesday. R. F. Collamore is plastering the waiting room of the depot. Miss Sada Chambers is visiting Mrs. Wm. Wade, this week. It has transpired that Benton county is $11,000 in the hole in the Job failure. The cut-off road to Yaquina all cleared of logs and is now ready for the graders. Mrs. Coll Van Cleve, of Albany, who has been seriously ill for some time is recovering Bro, Van Cleve, of the Post, informs us that he expects to start soon to the World's fair. We understand that Geo. M. Hyland, who has been manager for of the Holton House in Portland, The Toledo correspondent to the Corvallis Times is a gem. If there be no news he gets in and makes 'news. The small sum of$33.60 will now buy a first-class ticket from PortHand to Chicago. But how about getting the $33.60? Four more Oregon banks gone under, but our clam beds are coming higher up the bay every year. Lincoln county to the front every time. The brick vault at the court the house is completed except shelves on the inside for books. is It is quite commodious and ;thought to be perfectly fire proof. The county school superinten- of dent made an apportionment disschool money to the various tricts, last Tuesday. Fifty dollars to each district was the amount apportioned. The contest for the Demorest last Silver medal resulted in a tie, beTuesday night. The tie was tween Misses Annie Chambers and be Jennie Alexanderie (How 'it will girls decided we don't know. The had better draw straws, toss pennies or some such scheme. White at Corvallis this week we were shown some of the completed Mr. record books as copied by The Watters and his assistants. work is neat. legible and of a very the high standards ;far excelling original. The comparing is being done very carefully and mistakes will be unknown. Receiver Bryson has figured out that the assets of the defunct cents Job bank will pay fifty nine they on the dollar, provided that of not crowded in the disposal heard are For all that, we in Corvallis offer depositer the same. dollar to take for twenty-five cents on the what he had in there. The steamboat inspectors con- the demned both the Bentou and Walluski as unseaworthy, during were their recent inspection. Both on account of machinery being in the condemned good their been hulls, strip- condition. The Benton has now ped of her machinery and Walluski is the boneyard. The city. {tied up at liet dock in this One of the cases in connection Corvalwith the Job bank burst at to lis, that appeals most strongly man the heart was that of a young made who had all the arrangements world's to get married and go to the The fair on his wedding tour. ceremony was to take place beat last week, and two hearts were to etc. one. But man proposes, this as The bank bursted and so to couples' dream was young wedding of did soon bliss. The is realized and the young man bank account. trying post-poned to accumulate another

2. November 14, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, November 14, 1893

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Article Text

The Corvallis Times says: "There is a possibility if not a probability, that the $18,000 of agricultural college funds on deposit in the Job bank at the time of the suspension will be wholly lost. It will be remembered shortly after the bank passed into the hands of a receiver that in order to secure the college claim, an attachment was placed on the property by Treasurer Shipley. It now develops that the attachment. was irregularly issued. Having neglected the opportunity for making proof claim before the assignee, the date for which expired October 3d, if the technicality in the issuance of the attachment is held to be valid, the college will be withut any claim whatever to the funds on deposit when the bank suspended. The exact amount of these funds is $17,664.74, and by so much the remaining creditors will be the gainer."

3. November 18, 1893 The Dalles Times-Mountaineer Dalles, OR
Article from The Dalles Times-Mountaineer, November 18, 1893

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Article Text

NUMBER 15 Corvallis Times: There is a possibilty if not a probability that the $18,000 of agricultural college funds on deposit in the Job bank at the time of the suspension will be wholly lost. It will be remembered that shortly after the bank passed into the hands of a receiver that in order to secure the college claim, an attachment was placed on the property by Treasurer Shipley. It now develops that the attachment was irregularly issued. Having neglected the opportunity for making proof claim before the assignee, the date for which expired October 3d, if the technicality in the issuance of the attachment is held to be valid, the college will be without any claim whatever to the funds on deposit when the bank suspended. The exact amount of these funds is $17,664.74 and by so much the remaining creditors will be the gainer.

4. November 24, 1893 Idaho Semi-Weekly World Idaho City, ID
Article from Idaho Semi-Weekly World, November 24, 1893

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Article Text

Cause of the Explosion on Collier San Matec. SAN DIEGO AND PHENIX ROAD. Men in a British Colambia Colliery of Agree to the Proposition the Management. claims a population of has 52,323 been Tacoma San Diego's Fruit Exchange incorporated. Expo All the are creditors called into of court the Tacoma November ferry 28 at has Vallejo mition A franchis been for an granted opposition by the Trus of the Chino factory ters. The amount for of the sugar season output 15,100,000 ban dit, pounds. of Chris Evans, the of his case. The have counsel applied for a continuance with interfered in wanted. to rai-in-curing Forgy weather in the has South. Hot weather Council refused confirm the is The Batte appointment (Mont.) of a negro on the police force. the GaArizona zette strained. The and relation# the Territorial between Jadiciary are Sout are somewhat The rail difficult av employ to handle es of the the tramps looked finding that intest it the freight trains. who The Victoria causes for surveyora the explosion it doubtless on the collier into the San Mateo exposure declare of the of gas a originated generated from in the the coal to the flame lighted lamp has notified the settlers just Chief Weisten Idaho, the new town d' Alene of within Harrison. the border of to leave the Coer or pay 121. deIndian The roservation settlers are preparing to oue. fend themselves. Peter Graham, of the last by the jury The trial the of alleged Alderman Spokane bringing hoodlers, will bring his or has verdict terminated of not enilty. against He the city for pulsion and wealthy heavy damage from suit the City rancher Council. Jack Green, Taylor, a a farm hand, about were 100 miles marman dered Thomas at 'ancouver, Savony Island, B.C. and $10,000 named Hugh taken Lynn from by the is marderer. thought to A have been the murwas dererer. Edward F. Terry, which who went Motorman charge of the electric car bridge, is through in by the the Madison-stree Coroner's in jury permitting at Port car charged land ith to run gross with negligence reckless and excess and ive his speed. miles of the San Diego and over Over road five are now graded laid. The work Phoenix of the track nearly 1,000 of three miles forward pidly, having pledged as San to pay #1 in going Diego's citizens per mile each fast themse as elves the road is graded. fifty bunco steerers, A gang of forty and or sure thing men and com have Hammers several days un infested flim Tacoma number of robberies whom upon they in enspecting mitted a countrymen, resorts. Many Pa visit witdown-town Northern duced to men came over the they operated their of the from Chicago, where Fair. They are now at during citie the way World'd to the Midwinter Fair to San on Francisco an thing is being New done York off out Little getting if the steamer Bonita Information the who ward the rocks at Point readily, and along know ex is not front given there the are Pacific few Mail officials has water steps the vessel of actly what now to take. is As no likelihood propose solidly. there off. She will rettied ever being putled floated Pumps will for be kept 01 time. to her be raised board, and and will be ready is a work at Corvallis any Times probability says: There that the in deposit possibility The if not a ral College funds time on of be will pension 18,000 of the Agriculty Job bank wholly at the lost. It after shortly in ceiver the be remembered into that the hands of college re was tachment will the bank passed order to secure placed the on the It now claim an by at Treasurer Shipley. was irros property the attachment college will in de on develops issued, that and it 80, whatever the to the eposit be naly be Without any claim when the bank sus first funds rended. cruiser Olympia, on as her queen la The untablished new her position The ship trip United States navy of 21.26 averaged made of the a maximum slightly speed under a heavy 21 L knots, on a and run of GS knote wind. with As the 2J U knots sea and a strong only head expected to happy make over Olympi was builders are very when the of knots, her and think that made she can the trial, mment tria is This would ficial gover to 22 knots. a bonus of be forced up Union iron works speed regive 400,000 the for exceeding the at San quirement. The Clement containing grammar 700 school young during chil the Francisco, discovered on tire The chil M dren. was hours the other day. orderly manner H school marched out in given, an and there was of dren was the garret. was when the alarm The fire was before in much dam age done. of the school, and no panic. was inguished Miles Baird was a fourteen arrest ed on He confessed year old the pupil charge of arson. the fire in the out garret of at an has that he how had started the pupils real would fire. get Young setschool see in always case of had a a mania for por ting Baird buildings on fire. in the Wilson case of Judge the ade At San Francisco VM. Frank Court L. has granted who the him He Morrow UnitedStates of the of District the defendant to ith quash send matter obscene ned of were the indictment motion charging through the mail. written ilson San Morrow Ex ing essions at complaine Lakeville to a surprised friend in the Pal by Francisco Judge Attorney retation and the of postal the size inspect governing She United States by his such interpreta cases. He sealed decide B ed that a obscenit the Rio statute personal letter, is secur not indictable mails. ply The containing if it passes the through law to printed refer gov even He interprets manifold. oblications. tylograph, Numergua Pei: only copies to or similar held that written letters in the nun our courts have obscenity are and included such caser they and containing meaning of unished the statute. by fine and Garter impris- an- to pow been Attorney this case ed onment. nounces have that District he will appeal a higher court.

5. November 25, 1893 The Hood River Glacier Hood River, OR
Article from The Hood River Glacier, November 25, 1893

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Article Text

The relations between the Arizona Gazette and the Territorial Judiciary are somewhat strained. The railway employes of the South are finding it difficult to handle the tramps that infest the freight trains. The Victoria surveyors who looked into the causes for the explosion on the collier San Mateo declare it doubtlers originated in the exposure of the gas generated from the coal to the flame of a lighted lamp. The men in the New Vancouver (B. C.) rolliery have agreed to a proposition of the Management to the effect that for the next six months the reduction in wages should be 10 instead of 20 percent on condition of the men abiding strictly by the terms of the former agreement of the company with the union. A gang of forty or fifty bunco-steerers, flim Hammers and sure-thing men have infested Tacoma several dave and commilled a number of robberies upon unsuspecting countrymen, whom they indu to withdown-town resorts. Many of the men over the Northern Pacitie from Chicago, where they operated during the World's Fair. They are now on the in way to the Midwinter Fair at San Francisco O. Little if anything is being done to ward getting the steamer New York off the rocks at Point Bonita. Information is not given out readily, and along the water front there are few who know exactly what steps the Pacific Mail officials propose now to take. As the vossel has rettled solidly, there is no likelihood of her ever being pulled off. She will have to be raised and floated. Pumps will be kept 01 board, and will be ready for work at any time. The Corvallis Times says: There is a possibility, if not a probability that the $18,000 of Agricultural College funds on deposit in the Job bank at the time of the suspension will be wholly lost. It will be remembered that shortly after the bank passed into the hands of a re ceiver in order to Fecure the college larm an attachment was placed on the property by Treasurer Shipley. It now develops that the attachment was irregmarly i-sued. and it PO, the college will be without any claim whatever to the funds on deposit when the bank suspended. The new cruiser Olympia, on her first trip. as queen the established United States her position navy. The of ship made a maximum speed of 21.26 knots, and averaged slightly under 21 knots run a sea a the and on a strong only of 68 expected head knots, wind. with to make As heavy Olympia was 20 knote, her builders are very happy over the trial, and think that when the of ficial government trial is made she can be forced up to 22 knots. This would the Union iron works a bonus of give 400,000 for exceeding the speed requirement. The Clement grammar school at San incisco, containing 700 young chilwas discovered on fire during the oul hours the other day. The chil(Fen marched out in an orderly manner when the alarm was given, and there was no panic. The fire was in the garret, and was extinguished before much dama was ed of arson. age year-old on was the done. pupil charge of Miles the school, Baird, He confessed fourteen- arrestthat he had started the fire in the garret to see how the pupils would get out of school in case of a real fire. Young Baird has always had a mania for setting buildings on fire. At San Francisco in the case of the VS. Judge of the granted UnitedStates Morrow District Frank defendant Court L. Wilson has to he motion of the quash the indictment charging him with sendng obscene matter through the mail. Expressions complained of were written by Wilson at Lakeville to a friend in San Francisco. Judge Morrow surprised the United States Attorney and the postal the statute cases. inspectors governing by his such interpretation securely Hedecid- sealed, of ed that it personal letter, containing obscenity is not indictable even if it passes through the mails. He interprets the law to refer only to manifold, stylograph, printed opies or similar publications. Numercourts have held that written letters obscenity are included in the of statute. cases have containing meaning been punished the by fine and and such impriswwwnt District Attorney Garter an-

6. November 30, 1893 The Yakima Herald Yakima, WA
Article from The Yakima Herald, November 30, 1893

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GATHERED ABOUT HOME Personal, Social and Business Events Locally Important. NOTES FROM THE MADDING THRONG. A Grist of Gossip, Bits of Fact and Fancy, Movements in Active Life, Drift of Popular Speculation and News Items Generally. United States Marshal James C. Drake, who returned a few days ago from Eastern Washington, where he has been in attendance at the sessions of the United States court at Spokane and Walla Walla, finds very little crime throughout the state. There is only the average number of prisonerslin the different penitentiaries. There are about 30 prisoners at McNeil's Island, 30 at Walla Walla, 38 at Yakima and several scattered about the state in various jails. "We arehaving no tr uble with our prisoners," id Marshal Drake to a representative of the Tacoma News. "The men we have in the prisons are charged with various crimes. Some are in for smuggling, some for counterfeiting. others for mail robberies, and more for selling liquor to Indians. There is not a woman prisoner among the lot." The charge that Switzer's opera house is unsafe having been freely made and the public alarmed thereby, THE HERALD has felt it a duty to inquire into the matter. In a conversation with Mr. Switzer he characterized the reports as entirely unwarranted, and said he would stake his reputation as an architect that the building is as sound and substantial as any brick in town; that he invites investigation by any competent authority, and would gladly second any effort that may be made to ascertain the truth of the matter, as the reports in circulation, however unfounded, have greatly injured the reputation of the house and caused him considerable loss thereby. C. E. Smith, the former landlord of the Hotel Yakima, has retired from the Northern Hotel of Seattle, after sinking several thousand dollars, and is about to reopen the restaurant in the Chamber of Commerce building, of that city, where he acquired his money and built up a splendid reputation as a caterer. He has a warm spot in his heart for Yakima, and had he not perfected his present ar rangements it was his intention to return here. His lack of success in the Northern was not due to any fault of his OWN and in the future he proposes to keep clear of partnership entanglements. An item is going the rounds to the effect that there is a possibility, if not probability that the $18,000 of agricultural college funds on deposit in the Job bank, at Corvallis, Ogn., at the time of the suspension will be wholly lost. It will be remembered that shortly after the bank passed into the hands of a receiver in order to secure the college claim an attachment was placed on the property by Treasurer Shipley. It now devel ops that the attachment was irregularly issued, and if so, the college will be without any claim whatever to the funds on deposit when the bank suspended. The; Waterworks company has just completed a mammoth new reservoir 200x175 feet and 10 feet deep. A large shaft has been run through the power house and SO arranged that the big engine or any of the waterwheels can run dynamos. President Whitson says that the company has spent over $15.000 in improvement of the plant during the year, and that no trouble will be experienced this winter. Yakima has reason to be proud of her water and electric plants, which are said by experts to the best in the state. Deputy United States Marshal A. H. Maguire, of the southern district. who has been visiting his many friends in Spokane for the past few days, will leave for his station at Yakima tonight. Mr. Maguire reports a heavy business in his line in his district during the past few months. He is looking happy as he says he feels and he thinks, with the exception of Spokane, there is no better place in the world to live. He will be in attendance upon the United States court in Walla Walla at the December term.-Spokane Chronicle. E. M. Reed returned from a trip to Ta. coma and Seattle on Saturday last, and reports that the enquiries regarding the Yakima country are numerous and the sentiment prevails that Noth Yakima is he most lively and substantial town in in the state. Commercial men;and other visitors to Yakima have done much to fix this impression in the public mind. Yakima Lodge No. 53. K. of P., elected the following officers Wednesday evening for the ensuing term: Geo. S. Courter, C. C., Frank Horsley, V. C., F. E. Craig, prelate, J. C. Liggett, M. of W., A. L. Dilly, M. A., D. E. Markinnon, K. R. S., W. I. Lince, M. E., Jas. R. Coe. M. F., W. W. McCormick, medical examiner, and J. A. Rochford, trustee. It has not been definitely ascertained what the hop crop of Yakima for 1893 amounted to, but about 9000 bales have already been shipped, and Agent Humphrey, after consulting numerous buyers an growers. estimates that there are still between 1600 and 1800 bales left in the county. A. B. Weed, who is now buying,