18363. National Bank (Pendleton, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4249
Charter Number
4249
Start Date
May 16, 1894
Location
Pendleton, Oregon (45.672, -118.789)

Metadata

Model
gpt-5-mini
Short Digest
0399025f

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1894-06-08
Date receivership terminated
1897-10-28
OCC cause of failure
Fraud
Share of assets assessed as good
14.5%
Share of assets assessed as doubtful
61.6%
Share of assets assessed as worthless
23.9%

Description

Multiple contemporary newspapers report the National Bank of Pendleton suspended payment on May 16, 1894; an examiner (Cleary) took charge by order of the Comptroller and a receiver (Charles S. Jackson) was appointed June 8, 1894. No run or depositor panic is described in these articles. The suspension was by order of the national regulator, and the bank remained closed with a receiver and later dividend distributions.

Events (5)

1. March 5, 1890 Chartered
Source
historical_nic
2. May 16, 1894 Suspension
Cause
Government Action
Cause Details
Suspended May 16, 1894; Examiner Cleary assumed charge by order of the Comptroller of the Currency (regulatory closure of the national bank).
Newspaper Excerpt
The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency.
Source
newspapers
3. June 8, 1894 Receivership
Source
historical_nic
4. June 8, 1894 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.
Source
newspapers
5. January 21, 1895 Other
Newspaper Excerpt
Chas. S. Jackson, receiver of the National Bank of Pendleton, has received authority from the comptroller of the currency to declare a dividend of five per cent on proved claims of the closed bank.
Source
newspapers

Newspaper Articles (17)

Article from The Record-Union, May 17, 1894

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An Oregon Bank Suspends. PENDLETON (Or.), May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured, The stockholders will lose nothing.


Article from The Indianapolis Journal, May 17, 1894

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Failure of an Oregon Bank. PENDLETON, Ore., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has assumed charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured. The stockholders will lose 'heavily.


Article from The Salt Lake Herald, May 17, 1894

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GOVERNMENT AND OTHER BONDS. New York, May 16. 117% U. S. 5s coup 117% U. S. 5s reg U. S. 4s reg 1131/4 U. S. 4s coup 113% Pac. 6s of 95.103 96 U. S. 4165 reg 100 Missouri 6s 96 Louis. S. 4s Tenn. N. S. 5s 101 103 Tenn. N. S. 6s 1041/4 991/1 Can. S. 2nds Tenn. N. S. 3s D. & R. G. lsts. 113 105 Cen. Pac. 1sts 75 Erie 2nds 75 D. & R. G. 4s. M. K. & T. G. 6s.. 43% M. K. & T. G. 5s 82 Mutual Union 6s..115 N. J. C. I. Cert.114% N. Pacific 1sts 1081/4 N. Pacific 2nds. 79 N. Debs. 5s 109 N'western Cons 140 S. L. & I. M. G. 5s 193 S. L. & S.F.G.M. 94 328 St. P., C. & P. 1s1114 St. Paul Cons T. P. L. G. T. R 183% T.P.R.G.T. Rets 22 West Shore 104% Union Pac. 1sts. 105 661/2 Atchison 4s 72% R. G. W. 1sts 303/4 G. H. & Sa. 6s..100 Atchison G. H. & Sa. 7s off 98 H. & T. C. 5s 106 N. C. 6s offered121 100 H. & T. C. 6s 100 Tenn. old 6s 60 N. C. 4s VA. Centuries. 59% Va. C. deferred 8 PENDLETON BANK CLOSED. Pendleton, Ore., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the comptroller of the currency. The failure caused no surprise.


Article from The Morning Call, May 17, 1894

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Stockholders Lose Heavily. PENDLETON, Or., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Comptroller of the Currency. The failure caused no surprise. The deposits were not larg and the depositors are secured. Tne stocknolders will lose heavity.


Article from The Redwood Gazette, May 24, 1894

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certain that over 50,000 veterans of the G. A. R. will parade at Pittsburg Sept. 11 next. The new tunnel through the Palisades built by the Susquehanna and Western railroad, costing $3,000,00, is completed, and formally opened for traffic. The tunnel is nearly two miles long. Wednesday, May 16. Detroit street car employes threaten to strike against a reduction of wages. Commissioner Lamoreaux of the general land office has returned to Washington from Wisconsin. Senator Davis has been appointed on the senate census committee, and Mr. McMillan on naval affairs. Three colored men engaged in cleaning a cess pool at Martinsburg, W. Va., were overcome by foul air and perished. Barney N. Curran, an old soldier, was run over and killed by a switch engine on the Chicago, Milwaukee and St.Paul crossing, at La Crosse. A receiver for the Simonds Manufacturing company of Chicago has been named. The company did a large business in stoves. Liabilities $441,553; assets, $335,000. The old home of Benedict Arnold in New Haven has just been sold for the use of a lumber firm. Relics from it will be taken by the New Haven Colony and Historical society. There have been 50,000 tons of England and Nova Scotian coal sold to arrive in New York, a portion of which has already been shipped from Cardiff, Liverpool and Glasgow, and from Sidney, N. S. Thursday, May 17. The National bank of Pendleton, Ore., has closed its doors. J. C. Bailey, assistant surgeon general of the United States, is dead. Two and a half millions of gold were ordered for shipment from New York Wednesday. The annual session of the Minnesota Institute of Homeopathy is in session at Minneapolis. W. B. McCormack of Minneapolis was elected grand master workman of the Minnesota grand lodge A. O. U. W. J. A. Wells, wholesale dealer in gloves, mittens and whips at Independence, Ia., has failed. Liabilities $25,000. Wells claims ability to meet all claims in time. Chairman McGann of the labor comcommittee of the house has reported favorably the bill to make the first Monday in September a legal holiday, to be known as Labor Day. Friday, May 18. Governor Flower has vetoed the school teachers' pension bill. The Senate Committee on Territories has reported favorably the bill to admit Utah. The Eastern Minnesota Baptist Association is holding its Fourth Annual Session at St. Paul. President Cleveland and party will return to Washington from their fishing trip on Monday next. At Owego, N. Y., Alanson Hyatt, aged 53, stabbed his wife to death and then cut his own throat. The biennial convention of the Switchman's Mutual Aid associatson is in session at Evansville, Ind. Winter Wheat Millers' League of Ohio, Kentucky, Indiana, Michigan and Illinois is in session at Cincinnati. Ex-Mayor John Scott, of West Superior, is dead. He was one of the framers of the constitution of North Dakota, and held many prominent offices in the Dakotas. He was 35 years old.


Article from The Worthington Advance, May 24, 1894

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NEWS OF THE WEEK. Wednesday, May 16. Detroit street car employes threaten to strike against a reduction of wages. Commissioner Lamoreaux of the general land office has returned to Washington from Wisconsin. Senator Davis has been appointed on the senate census committee, and Mr. McMillan on naval affairs. Three colored men engaged in cleaning a cess pool at Martinsburg, W. Va., were overcome by foul air and perished. Barney N. Curran, an old soldier, was run over and killed by a switch engine on the Chicago, Milwaukee and St. Paul crossing, at La Crosse. A receiver for the Simonds Manufacturing company of Chicago has been named. The company did a large business in stoves. Liabilities $441,553; assets, $335,000. The old home of Benedict Arnold in New Haven has just been sold for the use of a lumber firm. Relics from it will be taken by the New Haven Colony and Historical society. There have been 50,000 tons of England and Nova Scotian coal sold to arrive in New York, a portion of which has already been shipped from Cardiff, Liverpool and Glasgow, and from Sidney, N. S. Thursday, May 17. The National bank of Pendleton, Ore., has closed its deors. J. C. Bailey, assistant surgeon general of the United States, is dead. Two and a half millions of gold were ordered for shipment from New York Wednesday. The annual session of the Minnesota Institute of Homeopathy is in session at Minneapolis. W. B. McCormack of Minneapolis was elected grand master workman of the Minnesota grand lodge A. O. U. W. J. A. Wells, wholesale dealer in gloves, mittens and whips at Independence, Ia., has failed. Liabilities $25,000. Wells claims ability to meet all claims in time. Chairman McGann of the labor comcommittee of the house has reported favorably the bill to make the first Monday in September a legal holiday, to be known as Labor Day. Friday, May 18. Governor Flower has vetoed the school teachers' pension bill. The Senate Committee on Territories has reported favorably the bill to admit Utah. The Eastern Minnesota Baptist Association is holding its Fourth Annual Session at St. Paul. President Cleveland and party will return to Washington from their fishing trip on Monday next. At Owego, N. Y., Alanson Hyatt, aged 53, stabbed his wife to death and then cut his own throat. The biennial convention of the Switchman's Mutual Aid associatson is in session at Evansville, Ind. 1 Winter Wheat Millers' League of Ohio, Kentucky, Indiana, Michigan and Illinois is in session at Cincinnati.


Article from Grant County Herald, May 24, 1894

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MINOR NEWS ITEMS. For the Week Ending May 22. A fire in Annui province in China destroyed 2,500 houses. The National bank of Pendleton, Ore., closed its doors. Wheat touched 53½ cents, the lowest price ever known in Chicago. The Traders' bank of Tacoma, Wash., suspended payment for a second time. Gen. Philip Cook, secretary of state, died at his home in Atlanta, Ga., aged 77 years. The republican state convention of North Dakota will meet in Grand Forks July 11. For killing his unfaithful wife, William McKeill paid the extreme penalty of the law at Mobile, Ala. T. W. Phillips was nominated for congress by the republicans of the Twenty fifth Pennsylvania district. Bradstreet's clearing-house exhibit for the United States shows a decrease for the week of 27.6 per cent. With the gold exports of the last week deducted, the treasury reserve will stand at about $88,000,000. The Manchester ship canal was formally declared open to the commerce of the world by Queen Victoria. The National Editorial association will meet in tenth annual convention at Asbury Park, N. J., July 2 to 26. Experiments with a brand of smokeless powder discovered by a Virginian prove it superior to any yet tested. The Illinois Congregationalists celebrated in Chicago the fiftieth anniversary of their state organization. The Ohio legislature adjourned sine die. Among the bills passed was one to hold but one session in two years. The worst wind and rainstorm known in fifty years prevailed at Toronto. Ont., and considerable damage was done. A cloudburst southwest of Dunkirk, N. Y., caused one of the most disastrous floods known there in many years. The J. C. Lane-Paper Manufacturing company at Elkhart, Ind., went into the hands of a receiver, with heavy liabilities. 'VS at In trying to arrest three C vere Yukon, O. T., two deputy sher fatally shot and one of the banans was wounded. At Cambridge, Mass., James Wilson, 40 years old, murdered his wife by cutting her throat and then fatally wounded himself. Property valued at $145,000 was de stroyed in Akron, O., by a blaze which started in Weary, Snyder & Wilcox's planning mill. Edmund H. Yates, editor and proprietor of the London World and the t author of many novels, died suddenly, a aged 62 years. Cincinnati authorities forced food down the throat of Father O'Grady, the murderer of Mollie Gilmartin. who was starving himself. In a speech at Quincy, 111., Commonwealer Kelly denounced the newspat pers and railroad officials, and pleaded for aid for his men. Frank Goodale, a well-known jockey, was thrown from Judge Payne at Louisville and trampled to death by the horses following him. Marsene B. Erskine, who had served four terms as mayor of Racine, Wis., and was 8 prominent business man, is dead. He was 74 years old. I Henry Jones, a negro wanted for an assault on a 7-year-old girl in Lafayette, La., was shot through the heart t by Sheriff Isaac Broussard. The Kellys and Raffertys, of Southville, Mass., settled & long standing feud with revolvers. Two will die and ( two others are badly wounded. Peterson. Rogers, Durnan and Corker defeated Gaudaur, Teemer, Hosmer and Rice in the four-oared 8-mile race t for professionals at Austin, Tex. < All the earpenters and mill hands in t Cincinnati were ordered to strike because the bosses refused to pay $2.50 S for eight hours or 88 for nine hours. p Mrs. Matilda A. Patterson, of ChiI cago, has petitioned cangress to appropriate $5,000,000 to purchase lands on which to settle unemployed thousands. S William Perdue went to the home of fi Squire A. W. Rundle in Nevada, Mo., and shot him dead and then took his n own life. A family feud was the cause. n I The Brotherhood of Locomotive EnO gineers in session in St. Paul adopted resolutions condemning the bill of Senf ator Walsh to prevent interference with mail trains. Henry Woolwine was sentenced at V Mexico, Mo., to six years in prison for assault. He secured a change of venue to Montgomery county and has been sentenced there to twenty years. S WHILL Staft the Antwern Exposition


Article from The Irish Standard, May 26, 1894

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MINOR NEWS ITEMS. For the Week Ending May 23. Snow to the depth of 5 inches fell at Bristol, Tenn. A fire in Annui province in China destroyed 2,500 houses. The National bank of Pendleton, Ore., closed its doors. Wheat touched 531/4 cents, the lowest price ever known in Chicago. The Traders' bank of Tacoma, Wash., suspended payment for a second time. The republican state convention of North Dakota will meet in Grand Forks July 11. A gigantic anarchist plot to explode bombs in various European cities was discovered in Paris. For killing his unfaithful wife, William McKeill paid the extreme penalty of the law at Mobile, Ala. Bradstreet's clearing-house exhibit for the United States shows a decrease for the week of 27.6 per cent. With the gold exports of the last week deducted, the treasury reserve will stand at about $83,000,000. The democratic congressional convention of the Fifteenth Missouri district nominated C. H. Morgan. The Manchester ship canal was formally declared open to the commerce of the world by Queen Victoria. Experiments with a brand of smokeless powder discovered by a Virginian prove it superior to any yet tested. The Illinois Congregationalists celebrated in Chicago the fiftieth anniversary of their state organization. The Ohio legislature adjourned sine die. Among the bills passed was one to hold but one session in two years. At Dorseyville, La., Adolph Block and Jules Lake engaged in a gun fight with a negro and all three were killed. The worst wind and rainstorm known in fifty years prevailed at Toronto, Ont., and considerable damage was done. Peter Cruser fatally shot Annie Branz in Philadelphia and then killed himself. No cause was known for the deed. A eloudburst southwest of Dunkirk, N. Y., caused one of the most disastrous floods known there in many years. Property valued at $145,000 was de stroyed in Akron, 0., by a blaze which started in Weary, Snyder & Wilcox's planning mill. Edmund H. Yates, editor and proprietor of the London World and the author of many novels, died suddenl y, aged 62 years. Illinois mine owners will try to settle the strike by offering to advance the wage scale in the southern and central districts. The American Baptist Educational soeiety met at Saratoga, N. Y. The report of the executive board showed phenomenal growth. Henry Jones, a negro wanted for an assault on a 7-year-old girl in Lafayette, La., was shot through the heart by Sheriff Isaac Broussard. John Schindler, of San Francisco, supposed to be dead thirty-five years, returned to St. Joseph, Mo., and claimed a fortune left by his father. All the carpenters and mill hands in Cincinnati were ordered to strike because the bosses refused to pay $2.50 for eight hours or $3 for nine hours. William Perdue went to the home of Squire A. W. Rundle in Nevada, Mo., and shot him dead and then took his own life. A family feud was the cause. Miss Abbie Gannett, of Minneapolis, was awarded a verdict against the "Soo" railroad for $7,500 damages for injuries received in jumping from a burning sleeping car. Henry Woolwine was sentenced at Mexico, Mo., to six years in prison for assault. He secured a change of venue to Montgomery county and has. been sentenced there to twenty years.


Article from The Topeka State Journal, June 8, 1894

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Bank Receiver Appointed. WASHINGTON, June 8.-The - comptrollor of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.


Article from The Washington Times, June 9, 1894

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Department Notes. Mayo M. Warren, of Tenneessee, has been appointed an inspector of the Post Office Department. Mr Eckels, the Comptroller of Currency, will leave Washington to-day for Chicago. He expects to be absent about ten days. Thirty-two fourth-class postmasters were appointed yesterday. Of these sixteen were to fill vacancies caused by resignations, thirteen by removals, and three by deaths. The Comptroller of the Currency yesterday appointed Mr. Charles S. Jackson receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894. Lieut. Commander Frank Curtis has been ordered to examination for promotion. Ensign Casey Morgan from the hydrographic office to Michigan; Ensign G. K. Evans from the Naval Academy to the Essex. The Bureau of American Republics has received information that the President of Mexico has decreed that the import of $500,000 shall be levied on all the distilleries of alcoholic liquors for the next fiscal year, the same as last fiscal year. Reports received by General Schofield from the Indian Territory indicate that the troops under orders to eject the striking miners from the Choctaw country have not been able to begin that work yet, owing to the difficulty experiened in identifying the persons listed for ejectment. Assistant Secretary Hamlin, of the Treasury Department, will leave Washington next Tuesday on & tour of inspection of the customs service of the far West. Certain branches of this service, it is said, have long been in need of attention, and the Assistant Secretary will undertake to correct some of the evils that now hamper the service for want of more frequent and thorough inspection. The records of the Bureau of Navigation show that during the first three-quarters of the present fiscal year there were built in the United States and officially numbered 889 wooden sailing vessels of 24,271 tons, and 231 wooden steam vessels of 29,948 tons. During the same period three iron or steel sailing vessels were built of 4,749 tons, and twenty-seven iron or steel steam vessels of 26,920 tons.


Article from The Morning Call, June 9, 1894

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Receiver of an Oregon Bank. WASHINGTON, June 8.-The Comptroller of the Currency has appointed Charles Jackson receiver of the National Bank at Pendleton, Or., which suspended payment May 16.


Article from Capital Journal, September 19, 1894

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# THE DAY'S OREGON NEWS. Gatherod by Telegraph and From Exchanges. At a public sale the Portland exposition property was sold for $62,000. Hop buyers in the vicinity of Eugene are offering 6 cents per pound for this year's crop. By paying $1250 of the $3000 claimed to be due, J. E. Noland, ex-sheriff of Lane county, has settled with the county court. The government will cease to print addressed envelopes on Sept. 30th. After this date all return addresses will have to be secured of the job printers The annual conference of the M. E. church for Oregon meets in Eugene today. It is expected that about 150 ministers, with their families, will be present. They will be treated in a royal manner by the people of Eugene. The county court of Umatilla county has ordered an action to be commenced to recover $48,000 from Ex-treasurer Folsom and his bondsmen; also against the receiver of the National bank of Pendleton, where the money was deposited.


Article from The Daily Morning Astorian, January 22, 1895

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C. S. Jackson, of the East Oregonian, Waylaid. n HE IS EQUAL TO THE OCCASION. A Landslide at Marshville-More Trouble for the Pacific Insurance Union. Associated Press. Pendleton, Or., Jan. 21.-Chas. S. Jackson, receiver of the National Bank of Pendleton, has received authority from the comptroller of the currency to declare a dividend of five per cent on proved claims of the closed bank. The bank suspended May 16th, 1894. C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created excitement today by a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian which appeared Saturday, and which said that Hendricks, who favored voting no tax for school purposes, was owner of bawdy houses and collected rent to a large amount. An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used the cane. A large crowd collected and the marshal appeared and arrested Hendricks, who was taken before the recorder and fined twenty. dollars.


Article from The Seattle Post-Intelligencer, January 22, 1895

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NORTHWEST NEWS. The aste Mary Stevenson did not visit Puget Sound with her father in 1893, na the Tacoma Ledger said, but Miss Letitin accompanied him. The Tacoma Morning Union celebrates fts removal into new and commodious quarters by publishing a handsomely 11. hatrated souvenir edition of twenty-four pages. Charles Jackson, receiver of the National Bank of Pendleton, Or., has n edived apthority from the comptroller of the currency to declare a dividend of 13 por cent. on proved claims of the bank, which suppented May 18, 1894. The Times, John L Wilson's organ at Spokame, which recently suspended publiestion, has been revived as the advocate of Johnny Considine, the divekeeper. Considine has had some experience in the newspaper business. and seems determined to make bimself a leader of the Spokane Democracy.


Article from The Corvallis Gazette, January 24, 1895

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DIVIDENDS And Scraps All the Go in Pendleton. An Editor Mixed Up in both Events. A Defunct Bank Making Good Its Shortages as Fast as Possible. PORTLAND, Or., Jan. 21.-C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created quite a sensation today by engaging in a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian of Saturday which said that Hendricks, who favored voting no tax for school purposes, was the owner of bawdy houses and collected rent therefrom to a large amount: An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used his cane. A large crowd collected and the marshal appeared, arrested Hendricks, who was taken before the recorder and fined $20. Chas. S. Jackson, receiver of the National bank of Pendleton, has received authority from Comptroller of the currency to: declare a dividend of 25 per cent on the proved claims against the closed bank. The bank suspended on May 16, 1894. .


Article from The State Rights Democrat, January 25, 1895

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A Dividend Declared. PENDLETON, Or., Jan. 21.-Charles S. Jackson, receiver of the National Bank of Pendleton,has received authority from the controller of the currency to declare a dividend of 25 per cent on the proved claims of the closed bank. The bank suspended May 16. 1894.


Article from The Athena Press, June 21, 1895

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Umatilla's Wheat King. In the United States circuit court Friday last the case of C. S. Jackson, receiver of the National bank of Pendleton, vs. James M. Elgin was heard on motion of plaintiff's attorneys, Meesrs. Cox, Teal, Cot. ton and Minor, for judgment. The basis of the unit was a series of promissory notes given by Elgin to the bank. one dated June 29, 1893, for $7000; one July 26, 1893, for $7650.09; and one December 29, 1893. for $8000. Inasmuch as Mr. Elgin did not appear in court judgment by default was given as pray-