18331. Bank of Forest Grove (Forest Grove, OR)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 21, 1907
Location
Forest Grove, Oregon (45.520, -123.111)

Metadata

Model
gpt-5-mini
Short Digest
f426a148

Response Measures

None

Description

Articles (Nov 1907) report the Bank of Forest Grove did not open for business because it could not obtain its balances from the Merchants National Bank of Portland, which suspended payment. No run is described and no receivership or permanent closure is mentioned; the suspension appears to be temporary.

Events (1)

1. November 21, 1907 Suspension
Cause
Correspondent
Cause Details
Could not obtain balances from its correspondent, the Merchants National Bank of Portland, which had suspended payment.
Newspaper Excerpt
Senator Haines' bank of For Grove, Ore., did not open its doors business because it could not ob its balances from the Merchants National Bank of Portland, which suspended payment.
Source
newspapers

Newspaper Articles (2)

Article from Audubon Republican, November 21, 1907

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Article Text

Mrs. Hannah Oman, 60 years old, of indlay, O., used incense while praycaught fire and burned to death. Daniel Bitler, 71 years old, and his 64, were burned to death at their near Mount Victory, O. Henry Phipps is interested in homas A. Edison's recently invented oncrete house and is planning to uild a city of cement where rentals working people will be low. The board of trustees of the CathUniversity of America at a meetin Washington placed the seal disapproval on so-called "modern. as a serious danger to the hurch. In the trial of John R. Walsh of hicago for misapplying the funds of defunct Chicago National bank, a was secured and the case of the rosecution was outlined. After seven hours and a half of rgument on both sides of the quesJudge Hough in the United circuit court at New York anounced that he would not be ready render a decision on the petition of interstate commerce commission compel E. H. Harriman to answer ertain questions propounded to him spring in the course of the cominvestigation into the soHarriman lines, until Decem1. Secretary of the Treasury Cortelyou enied the Wall street rumor that he decided to call presently upon the ational banks of the country for ten cent. of their government deposits. The emperor of Germany was the of the city of London at the hall. There were no disturbbut the populace was very John Ferris, assistant agent on the sceola & Au Sable Steamship comdock at Au Sable, Mich., was by a robber. Fire that threatened the entire busidistrict of the city of Parsons, destroyed $200,000 worth of roperty. Six men were killed at South Milaukee when a fast Northwestern plowed across a grade crossing. Rear Admiral Asa Walker was reon account of having reached the tatutory age limit. Superintendent Shelton, of the Ute agency at Ship Rock, N. M., the report that a battle took between the disaffected Utes the United States troops. Queen Helena of Italy gave birth a daughter, her fourth child. Citizens of Fithian, III., and four men fought a pitched battle revolvers and shotguns. The obbers were routed before they obanything of value from the office safe. which they had As the result of the inability of Northern Pacific railroad to furcars the coal mines of Bear Mont., are compelled practicalto close, mining being suspended ecause of inability to make shipTheresa Sullivan, 17 years old, was equitted in a St. Louis court of kill her flance, Michael Lander. She tabbed him because he refused to his companions. Mrs. Lucy Burris, a wealthy woman Wabash, Ind., was sent to jail beshe refused to pay a fine of one assessed by a jury for assault battery on a farm tenant. Thomas Rinaker, receiver of the efunct Enterprise National bank of illegheny, entered a suit in assumpsit the United States district court gainst ex-State Treasurer of Penn ylvania Frank G. Harris, claiming 20,000 with interest from October 23, This sum, it is charged, was Harris by Cashier Clark, of the as a bribe for his part in per nitting the promoters of the Pennylvania Development company to the funds of the Enterprise bank the state. Photographs and official data rep esenting a summer's work of the in ernational boundary commission in laska were lost when a canoe cap in the Bradfield river. It was proposed in the Michigan constitutional convention to in an article making voting obliga with a fine and prison sentence penalties. State Senator Haines' bank of For Grove, Ore., did not open its doors business because it could not ob its balances from the Merchants National Bank of Portland, which sus ended payment. The total equalized assessment of Lersonal property, lands, and lots it llinois for the year 1907 aggregates 200


Article from The L'anse Sentinel, November 23, 1907

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Article Text

Bankers and merchants in session of Sloux City, Ia., adopted a system agreed at checks which it was The should grain be accepted as currency. Portland, Merchants National bank of the California bank of Oakland, Ore.; the Farmers and Merchants RavensCal.; bank of Sapulpa, I. T., and the Chicago wood Exchange bank in a Motor suburb suspended. The Royal and the Car company of Cleveland, O., house of wholesale grocery hands of Gary Selma, Ala., went into the receivers. leading New York banks were meet exerting The themselves actively to corredemands of their country currency. the spondents and depositors for suggestions They declared that the sources from several western legitimate made they were not meeting west demands that for currency from the that entirely unfounded and taking were were, on the contrary, aid the every they practicable measure to west and south. first direct reports from Kara- the The of the great earthquake at the vicscene Russian Turkestan, say the city tagh, number about 14,000; and tims many villages were destroyed. The Peoples bank of Portsmouth, receiver went into the hands of a gave Va., petition of the directors, bank who has on statement that the defalcaout been a made insolvent through tions of the cashier. Photographs and official data the repa summer's work of in- in resenting ternational boundary commission capAlaska were lost when a canoe sized in the Bradfield river. was proposed in the Michigan to inIt constitutional convention obligastate an article making voting sentence sert tory, with a fine and prison as penalties. Senator Haines' bank of doors ForState Grove, Ore., did not open its obest business because it could not for its balances from the Merchants susNational tain Bank of Portland, which pended payment. total equalized assessment of in The property, lands, and lots personal Illinois for the year 1907 aggregates by $1,138,622,398, according to reports of committees of the state board equalization. Checks and currency to the amount $22,000, intended to pay the wages of of the Carbon Coal & Coke company's lost miners at Cokedale, Col., were stage. or stolen while in transit in a Former Gov. James E. Campbell, of said that he is a receptive can- to didate Ohio, for United States senator succeed Senator J. B. Foraker. Kansas City, Mo., the grand jury returned At 149 additional indictments violatagainst persons charged with labor ing the state law which forbids Sunday. on boiler at the ginhouse on the Trulock .A plantation, near Pine Bluff, J. B. Ark., exploded killing the owner, Trulock, and five negroes. The confession of Steve Adams, of in the office of the warden made the Idaho state penitentiary February 1906, was introduced in evidence murder 27, the trial of Adams for the murder It told of and Boule and of at of Fred Tyler Tyler. Pettibone. the involved Moyer, Haywood and The engine and tender of a Balti- at& Ohio train to which was Vice more tached a private car bearing President Fairbanks and a party returning from the funeral of Judge McComas was derailed at Weverton Junction, Md. Immediately following the closing Pa., bank of Examiner Bynns, L. P. of by the State Peoples California, Oliver Piper, the cashier, and William Lenhart, a business man who lives in Brownsville, Pa., were arrested, charged with conspiracy to defraud the bank. A report reached Durango, Col., that occurred at McElmo canyon, a Ute Indians and between battle Indians United States troops, in which six killed were killed. No soldiers were or wounded. in the basement of the new dormitory at East wich I.) academy Eastman A boiler (R. exploded Green- Three and partly wrecked the structure. young women students were severely but not seriously injured. hall of St. at King Windsor In the historic Castle, Edward George and Queen Alexandra gave a state banquet in honor of the emperor and empress of Germany and their suite. A state convention of Democrats at Nashville, Tenn., started a movement for the nomination of a southern man as Democratic candidate for the presidency in 1908. Ray Bricker fell 115 feet down a mine near Boone, Ia., landed on his feet and was unhurt. Asserting that the cold weather has caused untold suffering on account of of the scarcity of coal, the residents Somerset, Neb., appealed to the state railway commission for relief. Charles Howard, 60 years old, a convict in the Jollet penitentiary, made his escape while working in the stone quarry. Six nersons were injured when