18344. United States Banking Company (Junction City, OR)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
January 21, 1893
Location
Junction City, Oregon (44.219, -123.206)

Metadata

Model
gpt-5-mini
Short Digest
acec8f98

Response Measures

Full suspension

Description

Multiple articles report the United States Banking Company (main office Gervais) suspended at Gervais after a run; the Junction City branch also experienced a run and closed its doors when funds were exhausted. No article confirms reopening or final failure/receivership for the Junction City branch, so outcome is unsure. OCR typos corrected (e.g., GERVAISE -> Gervais; president name varies in OCR).

Events (2)

1. January 21, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
A rumor of the unsafe condition of the firm was started on the streets Saturday noon and the run was made; merchants drew out funds
Measures
Branch closed its doors after funds were exhausted; cashier refused to resume business
Newspaper Excerpt
The Junction City branch had a run to-day and closed its doors as soon as all the funds were exhausted.
Source
newspapers
2. January 24, 1893 Suspension
Cause
Rumor Or Misinformation
Cause Details
Run sparked by street rumor of unsafe condition; all coin drawn out and cashier refused to open for business, leading to suspension of payments at the company's Gervais office and closure at Junction City branch
Newspaper Excerpt
The United States Banking Company suspended payment here yesterday. There was a run made on the bank Saturday afternoon and all the money drawn out.
Source
newspapers

Newspaper Articles (10)

Article from The Record-Union, January 25, 1893

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Article Text

Two Small Concerns in Oregon Close Their Doors. NOT ENOUGH MONEY ON HAND TO PAY DEPOSITORS A Jewelry Store Burglarized at Santa Rosa-Fresno Has Begun a War on Gambling, Deputy Sheriffs and Constables Closing All Houses Where Games Were Carried On. Special to the RECORD-UNION GERVAIS (Or.), Jan. 24.-The United States Banking Company suspended payment here yesterday morning. There was a run made on it Saturday afternoon, and all the coin the bank had here was drawn out. At the time of the opening of the bank on Monday morning, the cashier refused to resume business, owing to the fact that a large crowd gathered about the building. The United States Banking Company has three banks. One at Gervais (the main office), one at Junction City, Or., and one at Sheridan, Or. The Junction City branch had a run to-day, and closed its doors as soon as all the funds were exhausted. So far no run has been made on the Sheridan branch. The President of the company, C. Baldridge, is at present in Chicago, and is expected to return immediately. Until his return there is no way of getting at the condition of affairs. on $10,000 vais branch and $12,000 deposit There is in the between Gerunpaid, in amounts ranging to from Most of $1,500 down small amounts. the Gervais merchants drew out Saturday, causing the run, and the farmers are yet unpaid. A rumor of the unsafe condition of the firm was started on the streets Saturday noon, and a run was made. The depositors are not boisterous, and a majority firmly believe that upon the President's return things will be made satisfactory to all the creditors. This afternoon all the firm's property in Gervais was attached by Sheriff Knight, on claims aggregating $2,500. On account of the absence of the President the stockholders are unable to make any statements, but a meeting will be called here immediately on his return. All three banks are small concerns.


Article from The Helena Independent, January 25, 1893

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Article Text

WILL HE RETURN? The President Absent, the Bank Suspends. GERVAIS, Ore., Jan. 24.-The United States Banking company suspended payment here yesterday. There was a run made on the bank Saturday afternoon and all the money drawn out. The cashier refused to open for business yesterday. The company have three banks in the state, one at this place. another at Junction City. and a third at Sheridan, all small concerus. The Junction City branch had R run on it to-day and closed its doors. So far no run has been made on the Sheridan branch. President O. Nealdridge is now in Chicago. but is expected to return soon. There was about $12,000 on deposit here unpaid. Farmers are the principal losers. The entire capital of the three banks is less than $50,000. It is believed depositors will be paid in full when the president returns.


Article from St. Paul Daily Globe, January 25, 1893

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Article Text

time give to the country a superbly equipped supreme court judge. BANKS' DOORS CLOSED. A Triple-Headed Oregon Concern Goes to the Wall. GERVAISE, Or., Jan. 24.-The $ United States Banking company suspended payment here yesterday. There was a run made on the bank Saturday afternoon and all the money was drawn out. The cashier refused to open for business yesterday. The company has three banks in the state-one at this place, one at Junction City and another at Sheridan, all small concerns. There was a run on the Junction City branch today. Its doors were closed. So far no run has been made on the Sheridan branch. President Baldridge is now in Chicago. but is expected to return soon. There was about $12,000 on deposit here unpaid. The farmer$ are the principal losers. The entire capital of the three banks is less than $50.000. It is believed the depositors will be paid in full when the president returns. LINCOLN, Neb. ,Jan. 24.-The state banking board today (closed the Dickinson State bank at Wahoo. W. L. Dickinson, the president and owner, is missing, but no especial effort will be made to learn his whereabouts. The bank was a small concern; deposits were small and it is not thought that any one will lose much.


Article from Deseret Evening News, January 25, 1893

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Article Text

Banks Suspend. GERVAISE, Or., Jan. 24.-The United States banking company suspended payment here yesterday. There was a run made on the bank Saturday after noon and all the money drawn out and the cashier refused to open for business yesterday. The company have three banks in the state, one at this place, another at Junction City and a third at Sheridan. All are small concerns. The Junction City branch had a run on it today and closed its doors, but 80 far no run has been made on the Sheridan branch. President C. Nealridge is now in Chicago but 18 expected to return soon. There was about $12,000 ou deposit here unpaid and farmers are the principal losers. The entire capital of the banks was less than $50,000. It IS believed the depositors will be paid in full when the president returns.


Article from St. Paul Daily Globe, January 25, 1893

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Article Text

time give to the country a superbly equipped supreme court judge. BANKS' DOORS CLOSED. A Triple-Headed Oregon Concern Goes to the Wall. GERVAISE, Or., Jan. 24.-The United States Banking company suspended payment here yesterday. There was a run made on the bank Saturday afternoon and all the money was drawn out. The cashier refused to open for business yesterday. The company has three banks in the state-one at this place, one at Junction City and another at Sheridan, all small concerns. There was a run on the Junction City branch today. Its doors were closed. So far no run has been made on the Sheridan branch. President Baldridge is now in Chicago. but is expected to return soon. There was about $12,000 on deposit here unpaid. The farmer$ are the principal losers. The entire capital of the three banks is less than $50.000. It is believed the depositors will be paid in full when the president returns. LINCOLN, Neb. ,Jan. 24.-The state banking board today (closed the Dickinson State bank at Wahoo. W. L. Dickinson, the president and owner, is missing, but no especial effort will be made to learn his whereabouts. The bank was a small concern; deposits were small and it is not thought that any one will lose much.


Article from The Morning Call, January 25, 1893

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Article Text

RESULT OF A RUN. Failure of Two Banks in Oregon. ANOTHER ONE IN DANGER. Branches of the United States Banking Company at Gervais and Junction City in Trouble. Special to THE MORNING CALL, GERVAIS, Or., Jan. 21. 1 The United States Banking Company suspended payment here yesterday morning. There was a run on it Saturday afternoon and all the coin it had here was drawn out. At the time of opening the bank on Monday morning the cashier refused to resume business, owing to the fact that a large crowd had gathered about the building. The United States Banking Company has three banksone at Gervais (the main office), one at Junction City, Or., and one at Sheridan, Or. The Junction City branch had a run to-day and closed its doors as soon as all the funds were exhausted. So far no run has been made on the Sheridan branch. The president of the company is at present in Chicago and is expected to return immediately. Until his return there is no way of getting at the condition of affairs. There is between $10,000 and $12,000 on deposit in the Gervais branch unpaid, in amounts ranging from $1500 down to small sums. Most of the Gervais merchants drew out Saturdav, causing the run, and the farmers are yet unpaid. A rumor of the unsafe condition of the firm was started on the streets Saturday noon and the run followed. The depositors were not boisterous, and the majority firmly believe that upon the president's return things will be arranged satisfactorily to all creditors. This afternoon all the company's property in Gervais was attached by Sheriff Knight for claims aggregating $2500. Oo account of the absence of the president the stockholders are unable to make any statements. but a meeting will be called here immediately on his return. All three banks are small concerns.


Article from The Seattle Post-Intelligencer, January 25, 1893

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FAILURES IN OREGON. Astoria Merchants and Three Country Banks in Distress. SAWMILL MAN HORRIBLY CUT. Falsely Accused Express Agents Push. ing the Case Against Sullivan-Religion in British Columbia Schools. ASTORIA, Or., Jan. 24.-A receiver will be appointed tomorrow to take charge of the affairs of Parker & Hanson, general merchandise dealers, who failed yesterday. It is impossible to obtain a statement of the affairs of the firm, but it is thought the liabilities will exceed $40,000. Murphy, Grant & Co., of San Francisco, are the heaviest creditors. The firm have been doing a heavy credit business, and many of the accounts are bad. GERVAIS, Or., Jan. 24.-The United States Banking Company suspended payment here yesterday morning. There was a run made on them Saturday afternoon. and all the coin they had here was drawn out. At the time of the opening of the bank on Monday morning the cashier refused to resunre business, owing to the fact that s large crowd had gathered about the building. The United States Banking Company has three banks, one at Gervais, the main office, one at Junction City. Or., and one at Sheridan, Or. The Junction City branch had a run today and also closed the doors as soon as the funds were exhausted. So far no run has been made on the Sheridan branch. The president of the company, C. Baldridge, is at present in Chicago, and is expected to return immediately. Until his return there is no way of getting at the condition of affairs. There is between $10,000 and $12,000 on deposit in the Gervais branch unpaid, in amounts ranging from $1,500 down to small amounts. Most of the Gervais merchants drew out Saturday, causing a run, and the farmers are yet unpaid. A rumor of the unsafe condition of the firm was started on the streets Saturday noon, and a run was made. The depositors are not boisterous, and the majority believe that upon the president's return things will be made satisfactory to ali the creditors. This alternoon all their property in Gervais was attached by Sheriff Knight on claims aggregating $2,500. On account of the absence of the president the stockholders are unable to make any statements, but a meeting will be called here immediately on his return. All three banks are small concerns.


Article from The Salt Lake Herald, January 25, 1893

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TWO BANKS SUSPEND. The United States Banking Company Closes Its Doors in Oregon Towns. GERVAISE, Or., Jan. 24.-The United States Banking company suspended payment here yesterday. There was a run made on the bank Saturday afternoon and all the money drawn out and the cashier refused to open for business yesterday. The company have three banks in the state, one at this place, another at Junction City and a third at Sheridan. All are small concerns. The Junction City branch had a run on it today and closed its doors, but so far no run has been made on the Sheridan branch. President C. Nealdridge is now in Chicago but is expected to return soon. There was about $12,000 on deposit here unpaid and farmers are the principal losers. The entire capital of the banks was less than $50,000. It is believed the depositors will be paid in full when the president returns.


Article from Iuka Reporter, February 2, 1893

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A Bank Suspends. The United States banking company suspended payment at Gervaise, Ore, Tuesday. There was a run on the bank Saturday afternoon and all the money drawn out. The cashier refused to open for business Monday. The company has three banks in the state-one at Gervaise, one at Junction City and another at Sheridan-All small concerns. There was a run on the Junction City branch Tuesday. Its doors were closed. So far no run has been made on the Sheridian branch. President Baldride is in Chicago, but is expected to return soon


Article from Highland Recorder, February 3, 1893

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THE NEWS. A nolle prosequi was entered in the Criminal District Court of New Orleans in the case of Judge J. C. Baumann and Dennis Richardson, colored, arraigned for the mur- of of Henry Long. The sawmill & Co., near der G. W. Judge Favors Columbus, the boiler Ga, was destroyed by the explosion of of the engine. Will Griggin, white, aged fourteen, and Titus Heath, colored, were killed; Sandy Tinsley, John Grant and Aaron Watson were fatally injured and four others painfully hurt.--Jeffers on Shank of Dayton, Ohio, was arrested on the charge of murdering his wife.-Baron Shultz, who was the husband of Lady Auna Bi-hop, the once famous singer, died of typhus in New York, a va. abond. The body of Bishop Dwenger was buried in the Catholic ceme" tery in Fort Wayne, Ind.-Frank Duffy, at one time a well 1known politician in New York, shot and killed George Cunningham in front of a saloon kept by Duffy in Fort Hamilton. Amos Whitely & Co.'s mower and binder works were transferred to a new company to be known as the Whitely Machine Company. It has been incorporated under the laws of New Jersey, with a capitalization of $100,000.-Charles Burg the residence of Mr. and Mrs. Waldo in Butte, Mont., called at Whipple, of them and cal- and ling them to the door, shot bo: h placed the pistol to his mouth and blew for his brains out. No cause can be assigned the deed.--Mrs. Sarah Johnson, aged fiftyone years, living in St. Louis, was burned to death in her home. Mrs. Johnson was a paralytic and, while alone in the house, in some unaccountable way her clothes caught fire and in her helpless condition she was burned to death before discovered. Madison G. Whittaker, a famous old Texas fighter, is -Fairhaven, the "Slate City," so called, in Rutland county, Vt., was visited by the most disastrious fire in its history. The fire spread to a dozen buildings, and caused a los of over $75,000. --John A Davis, of Chicago, said to be one of the heirs in the famous Mon'ana will case, fell down the stairway of the Driand Hotel, in Victoria, B. C., and is supposed to be dying from concussion of the brain.S. J. Henry and C. J. Bend, the colored por ter and conduc or of the sleeping-car "Salmon River," were arrested at Buffalo for opium smuggling. Forty packages of opium were found under one of the seats in the car on its arrival. The car is a Toronto-New York sleeper.- masked robber shot and killed Jefferson Thompson, a store-keeper near Newport, Arkansas.- Miss Maggie Twomy, a music teacher, was outraged and then murdered in Fort Worth, Texas.-A man registering as George B. Taylor, of London, Ont., committed suicide at the Mansion House, Buffalo, by taking poison. From papers found on his person he is supposed to be R. G. Haun, of Orangeville, Ont., county treasurer and manager of a bank at that place. The United States Banking Company, with branches at Junction City and Sheridan, in Oregon, suspended payment. Farmers are the principle losers. The entire capital of the three banks is less than $50,000. Miss Adeli e Holmes, assistant principal of the high school, and her sister Frances died in Saginaw, Mich., of malignant diph theria. Susie another sister, principal of the Dolsen Schoo', is ill with the sameds ease, and is notexpected to recover.---Rev. Fath r John T. Cullertov, pastor of the Rom in Catholic Church at Raywick, Ky., has renounced his faith and married his cousin.-Fire des:royed the largest grain elevator in Indianapolis, which was owned by Frei. B. Rush & Owl train of the Pennsylvania Railroad crashed into a freight train near N W Brunswick, N. J. Two labore S were seriously hurt, and one is expected to die.--A locomotive dashed Passaic City, killing several injuring the four-story brie of destroyed into a sleighnear occupantsand others -Fire block in St. Paul occupied by the grocery firm of Andrew Shoch & Co. Loss on stock and building $42,000, covered by insurance.--Governor Werts, of New Jersey, appointed ex-S nator El jab T. Paxton judge of the District Court, and the Senate confirmed bim.-TheTexas State Senate shelved the House resolution indorsing the Hatch Anti-option bill, and in passed a ubst.tute expressing confidence the Texas senators, Coke and Mills, doing what is best under the circumstances.