Article Text
CLOSED BANK REOPENS. Glendale, Ore., Dec. 19.-The Glendale State bank, which closed this week, will reopen tomorrow for business. The bank was closed not because of a run, but to give time to obtain a sufficient supply of specie.
18333. Glendale State Bank (Glendale, OR)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 19, 1907
- Location
- Glendale, Oregon (42.737, -123.428)
Metadata
- Model
- gpt-5-mini
- Short Digest
a5cf53b3
Response Measures
None
Description
No run on the bank is confirmed. The bank closed temporarily Dec 19, 1907 to obtain specie (not due to a run), but shortly after the holidays was compelled to close and a receiver (J. L. Winchell) was appointed on/around 1907-12-23; bad loans on lumber ventures are given as the cause of the bank's condition. Rumors of a run were reported but described as false in local press.
Events (3)
1.
December 19, 1907
Suspension
- Cause Details
- Temporarily closed to obtain a sufficient supply of specie; explicitly not because of a run.
- Newspaper Excerpt
- The Glendale State bank, which closed this week, will reopen tomorrow for business. The bank was closed not because of a run, but to give time to obtain a sufficient supply of specie.
- Source
- newspapers
2.
December 23, 1907
Receivership
- Newspaper Excerpt
- J. L. Winchell was yesterday appointed receiver for the Glendale State bank at Glendale, Ore., which was compelled to close after the holidays. The bank had deposits amounting to $30,000 and bad loans on lumber ventures are given as a cause for the condition of the bank.
- Source
- newspapers
3.
January 1, 1908
Other
- Newspaper Excerpt
- The very sensational reports that were circulated last week in regard to our Glendale State bank caused a ripple of uneasiness that was soon dispelled by actual statistics... reports were sent broadcast ... telling that our bank had gone under and reporting a run on this institution, all rankly false.
- Source
- newspapers
Newspaper Articles (3)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
J. L. Winchell was yesterday appointed receiver for the Glendale State bank at Glendale, Ore., which was compelled to close after the holidays. The bank had deposits amounting to $30,000 and bad loans on lumber ventures are given as a cause for the condition of the bank.
Click image to open full size in new tab
Article Text
ROASTING KNOCKERS TO A FINISH Glendale, It Seems, Has a Knocker And He Has Got Busy Lately Too. (From the Glendale News.) We repeat again, what we said a short time ago, "God hates a knocker" and so does everyone else. We hate to admit the fact, but it is plainly evident that Glendale is blessed (?) with one of this class at least. During the past few weeks ,while all loyal citizens have felt that if our bank or any other business enterprise in the city were in need of help they would do all in their power to aid and sustain it, this aforesaid individual, or individuals (we know not which) has started all kinds of rumors afloat, just for some personal dislike or petty spitefulness. Not satisfied with knocking at home, reports were sent broadcast to the Roseburg papers and to other neighboring exchanges telling that our bank had gone under and reporting a run on this institution, all rankly false, and, if other proof were necessary that there has been a knocker abroad, personal correspondence which we have received from the western part of the state, would settle that fact. It seems that the bank has not been alone in this envious individual's hatred, for a personal attack has also been made. This attack jibes so nicely with a certain falschood which circulated in our own midst a few days since, and coming at it does from so far away, makes it seem positive that the party who wrote us has heard from some Glendale citizen the yarn he gives us. It seems too bad that Glendale has to put up with even one of this class. While all our citizens are trying in every way possible to build up and push the city and her institutions, this miserable, small minded individual is gleefully sending out false statements and thus trying to undo what others work hard to accomplish. If this person, or persons is not satisfied with Glendale, for heaven's sake pack up your hammer and leave. We don't want them in town. Our city can do without this class. What we want are boosters, and knockers need not apply. We haven't room for cowards, who dare not come out openly and say what they think, but must resort to back-biting and a blow in the dark. Our Glendale correspondent to the Umpqua Valley News of Monday, December 23, in an item regarding the bank voices our sentiments exactly and those of the majority of the best citizens of Glendale when she says: "The very sensational reports that were circulated last week in regard to our Glendale State bank caused a rip ple of uneasiness that was soon dispelled by actual statistics. Our faith in our bank is now and ever has been sure and steadfast. Cashier Harry N. Pratt, who has been critically ill for some time, is a man who holds the confidence of all of our people and his statement that 'all was well' was all that was needed to keep up perfect confidence in our home banking house which has never failed."