18364. Pendleton National Bank (Pendleton, OR)

View Charter #3665 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3665
Charter Number
3665
Start Date
May 16, 1894
Location
Pendleton, Oregon (45.672, -118.789)

Metadata

Model
gpt-5-mini
Short Digest
df4cc86c

Response Measures

None

Description

The Pendleton National Bank suspended payment on May 16, 1894 and a receiver (Charles S. Jackson) was appointed by the Controller of the Currency (article dated 1894-06-10). Later articles (1895, 1897) refer to the bank as defunct and actions by its receiver (dividend declared, notes turned over to county). No contemporaneous newspaper text describes a depositor run; sequence is suspension followed by receivership/closure.

Events (6)
1. April 2, 1887 Chartered
Source
historical_nic
2. February 4, 1889 Voluntary Liquidation
Source
historical_nic
3. May 16, 1894 Suspension
Cause
Government Action
Cause Details
Bank suspended payment May 16; shortly thereafter the Controller of the Currency appointed a receiver, indicating regulatory intervention and effective closure.
Newspaper Excerpt
The controller of the currency has appointed Charles S. Jackson receiver of the Pendleton National bank, Pendleton, Or., which suspended payment May 16.
Source
newspapers
4. June 10, 1894 Receivership
Newspaper Excerpt
The controller of the currency has appointed Charles S. Jackson receiver of the Pendleton National bank, Pendleton, Or., which suspended payment May 16. (Jackson is the editor of the Democratic paper at Pendleton...)
Source
newspapers
5. January 1, 1895* Other
Newspaper Excerpt
Monday as receiver of the Pendleton National bank he declared a dividend of 25 cents on the dollar, and then went out in the street and had a fight.
Source
newspapers
6. September 30, 1897 Other
Newspaper Excerpt
The Umatilla county court has commenced legal proceedings to recover on 28 notes that were turned over to the county court by the receiver of the defunct Pendleton National bank in settlement of the county's claim against the bank.
Source
newspapers

Newspaper Articles (5)
1. June 10, 1894 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 10, 1894

Click image to open full size in new tab

Article Text

JACKSON IS APPOINTED. The controller of the currency has appointed Charles S. Jackson receiver of the Pendleton National bank, Pendleton, Or., which suspended payment May 16. (Jackson is the editor of the Democratic paper at Pendleton. His appointment has been expected for some time, and considerable matter inimical to his appointment has been printed in the opposition paper, including utterances from those connected with the bank, but not, it seems, with any effect upon Mr, Eckels.)

2. January 23, 1895 The Dalles Daily Chronicle Dalles, OR
Article from The Dalles Daily Chronicle, January 23, 1895

Click image to open full size in new tab

Article Text

work, stating that he expects to arrive here tomorrow and commence a series of meetings with the Methodist people tomorrow night. Wm. Fay, a resident of this city, and Wm. Rogers of Hood River were sent to the asylum yesterday. Fay was born in Kansas, and has an idea that he has invented a flying machine, while Rogers is simply morose and of suicidal inclinations. There will be a meeting of the legal voters of school district No. 12, at the Court street brick schoolhouse, Saturday afternoon, next, at 2 o'clock, for the purpose of voting a tax. The financial statement is being prepared by the clerk and will be published tomorrow. "I have made up my mind to keep out of politics until I have a sack," remarked a Pendleton young man after reading the dispatches relative to the senatorial elections in Washington and Oregon, "and then I'll get in and buy a seat in the United States senate." Brother Jackson, of the Pendleton East Oregonian, is a versatile chap. Monday as receiver of the Pendleton National bank he declared a dividend of 25 cents on the dollar, and then went out in the street and had a fight. It is to be hoped that in the latter he settled in full. In explanation of the position of the senatorial election at Salem it may be said that Dolph was not elected yesterday, because he did not receive a majority of the votes in both houses. Under 7 the provisions of the constitution, the senate and house will meet in joint session at noon today and if Senator Dolph then has a majority, which his present vote will give him, he will be elected. & The death of Alex. McNeal, which we note elsewhere as occurring at the insane asylum, happened near Brooks station. B It seems that he escaped from the asylum Monday night. His death was caused by exposure, his body being found yesterday evening. He was about 50 years of age and was sent from this place in e December 1889. The unfortunate man leaves a wite and several children, and W one brother, all at present residing here. The Tittell sisters will be here MonS day and Tuesday, putting "Frou Frou" and "My Uncle's Will" on the boards the first night and "M'lies" Tuesday. These charming young actresses are e quite well known to many of our people, e having played the leading parts at Corrs dray's, in Portland, for several years. though never before appearing before a y Dalles audience. The Orchestra Union d deserves to be liberally patronized and et encouraged in their efforts to present to is The Dalles a series of first-class plays. ar Be on hand, and get your reserved seats at Blakeley & Houghton's.

3. September 30, 1897 Lincoln County Leader Toledo, OR
Article from Lincoln County Leader, September 30, 1897

Click image to open full size in new tab

Article Text

BRIEF PACIFIC COAST NEWS A Resume of Events in Northwest. EVIDENCE OF STEADY GROWTH News Gathered in All the Neighboring States-Improvement Noted in All Industries-Oregon. Patrick Gibson, a farmer, was killed by a train near Oregon City. Vale expects to be lighted by electric city by November 15 next. The smoke from burning forests is again obscuring the atmosphere along the coast. W. D. Huffman, of Diamond, has just made a sale of 70,000 pounds of wool at 12½ cents. Malheur river farmers are putting in their third crop of alfalfa, and have mostly in the stack. The next reunion of the soldiers and sailors of Southern Oregon will be held in Medford during September, 1896. The 10th semi-annual meeting of the Oregon State Association of Nurserymen will be held in Salem on Wednesday, October 6. Quail have never been known to be so thick in the vicinity of Ashland for many years, and offer some good sport for local gunners. Junction City has a new fire engine for which it recently paid $1,100. The engine was tested and threw a 1½-inch stream 215 feet, and two 7-8-inch streams 140 feet each. The enrollment at the deaf-mute school at Salem is now 30. Of that number, seven are new pupils. Superintendent Knight expects a total of 50 or more within the next few years. The burglar who broke into the post office at Echo got $40 in money and some postage stamps. The money and stamps have been recovered. They were rolled up by the burglar in an old stocking. The Umatilla county court has commenced legal proceedings to recover on 28 notes that were turned over to the county court by the receiver of the defunct Pendleton National bank in settlement of the county's claim against the bank. About the largest yield of wheat reported comes from the old Dawson place on the Long Tom. It was Defiance wheat and was grown by Frank B. Gardner. Six acres made an aggregate yield of 290 bushels, or 48½ bushels per acre. Klamath county farmers are busy harvesting and threshing, and crops are turning out better than was anticipated. Some crops have yielded enormously. It is reported that Shaw Bros.' crop of oats in Alkali valley went 766 bushels to the acre. Five persons were seriously injured in a collision at Eagle Point. Some miscreant had picked the switch which let a special go in on the side track which held a train of loaded log trucks. The special had been sent with two doctors to attend P. L. Phelps, who had been thrown from a buggy and was seriously injured. J. W. Stamper, one of the pioneers of Umatilla county, is in his 73d year, and notwithstanding he raised 13,000 bushels of wheat this year with the assistance of a boy, who worked for him three months only. Mr. Stamper disposed of his wheat at 76 cents a bushel and finds himself in very good shape physically as well as financially. Mr. Stamper has resided for 26 years near Athens.

4. October 1, 1897 Condon Globe Condon, OR
Article from Condon Globe, October 1, 1897

Click image to open full size in new tab

Article Text

BRIEF PACIFIC COAST NEWS A Resume of Events in the Northwest. EVIDENCE OF STEADY GROWTH News Gathered in All the Towns of Our Neighboring States-Improve ment Noted in All Industries Oregon. Patrick Gibson, a farmer, was killed by a train near Oregon City. Vale expects to be lighted by electricity by November 15 next. The smoke from burning forests is again obscuring the atmosphere all along the coast. W. D. Huffman, of Diamond, has just made a sale of 70,000 pounds of wool at 12 1/2 cents. Malheur river farmers are putting up their third crop of alfalfa, and have it mostly in the stack. The next reunion of the soldiers and sailors of Southern Oregon will be held in Medford during September, 1898. The 10th semi-annual meeting of the Oregon State Association of Nurserymen will be held in Salem on Wednesday, October 6. Quail have never been known to be so thick in the vicinity of Ashland for many years, and offer some good sport for local gunners. Junetion City has a new fire engine, for which it tested recently and paid threw $1,100. 11/--inch The engine was a stream 215 feet, and two 7-8-inch streams 140 feet each. The enrollment at the deaf-mute school at Salem is now 30. Of this number, seven are new pupils. Superintendent Knight expects a total of 50 or more within the next few years. The burglar who broke into the postoffice at Echo got $40 in money and some postage stamps. The money and stamps have been recovered. They were rolled up by the burglar in an old stocking. The Umatilla county court has commenced legal proceedings to recover on 28 notes that were turned over to the county court by the receiver of the defunct Pendleton National bank in settlement of the county's claim against the bank. About the largest yield of wheat yet reported comes from the old Daw place, on the Long Tom. It was Defiance wheat and was grown by Frank Bumgardner. Six acres made an aggregate yield of 290 bushels, or 48 1/2 bushels per acre. Klamath county farmers are busy harvesting and threshing, and crops are turning out better than was anticipated. Some crops have yielded enorIt mously. is reported in Alkali that Shook Bros.' crop of oats valley went 766 bushels to the acre. Five persons were seriously injured in at a collision Eagle the Point. switch Some lock, miscreant had picked which let a special go in on the siding, which held a train of loaded logging trucks. The special had been sent with two doctors to attend P. L. Phelan, who had been thrown from a buggy and was seriously injured. J. W. Stamper, one of the pioneers of Umatilla county, is in his 73d year, but notwithstanding he raised 13,000 bushels of wheat this year with the aid of a boy, who worked for him three months only. Mr. Stamper disposed of his wheat at 76 cents a bushel and finds himself in very good shape physically as well as financially. Mr. Stamper has resided for 26 years near Athena.

5. October 7, 1897 The Islander Friday Harbor, WA
Article from The Islander, October 7, 1897

Click image to open full size in new tab

Article Text

Oregon. Patrick Gibson, a farmer, was killed by a train near Oregon City. Vale expects to be lighted by electricity by November 15 next. The smoke from burning forests is again obscuring the atmosphere all along the coast. W. D. Huffman, of Diamond, has just made a sale of 70,000 pounds of wool at 12½ cents. Malheur river farmers are putting up their third crop of alfalfa, and have it mostly in the stack. The next reunion of the soldiers and sailors of Southern Oregon will be held in Medford during September, 1898. The 10th semi-annual meeting of the Oregon State Association of Nurserymen will be held in Salem on Wednesday, October 6. Quail have never been known to be so thick in the vicinity of Ashland for many years, and offer some good sport for local gunners. Junction City has a new fire engine, for which it recently paid $1,100. The engine was tested and threw a 1½-inch stream 215 feet, and two 7-8-inch streams 140 feet each. The enrollment at the deaf-mute school at Salem is now 30. Of this number, seven are new pupils. Superintendent Knight expects a total of 50 or more within the next few years. The burglar who broke into the postoffice at Echo got $40 in money and some postage stamps. The money and stamps have been recovered. They were rolled up by the burglar in an old stocking. The Umatilla county court has commenced legal proceedings to recover on 28 notes that were turned over to the county court by the receiver of the defunct Pendleton National bank in settlement of the county's claim against the bank. About the largest yield of wheat yet reported comes from the old Daw place, on the Long Tom. It was Defiance wheat and was grown by Frank Bumgardner. Six acres made an aggregate yield of 290 bushels, or 48⅓ bushels per acre.