18389. Northwest Loan & Trust Company (Portland, OR)

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: July 27, 1893
Location: Portland, Oregon (45.523, -122.676)

Metadata

Model: gpt-5-mini
Short Digest: 7481192b

Response Measures

None

Description

The Northwest Loan & Trust Company suspended on July 27, 1893 (notice cited withdrawal of deposits and inability to realize on securities). An assignment was made and J. L. Hartman was appointed receiver (reported Aug 9, 1893). There is no clear description of a depositor run on this specific bank in the articles (reports say suspension caused little excitement), so this is a suspension followed by receivership/closure rather than a run-driven reopening. Later inventory and receiver actions confirm the bank remained in receivership.

Events (2)

1. July 27, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Withdrawal of deposits combined with inability to realize on securities (liquidity problems/inability to convert assets).
Newspaper Excerpt: A notice on the doors says the suspension was forced by the withdrawal of deposits and inability to realize on securities.
Source: newspapers

2. August 9, 1893 Receivership

Newspaper Excerpt: J. L. Hartman was appointed receiver of the Northwest Loan and Trust Company this afternoon. Two weeks ago when the bank closed its doors an assignment was made to Hartman.
Source: newspapers

Newspaper Articles (19)

1. July 28, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, July 28, 1893

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WIDELY SCATTERED. Hard Times in Varions Sections of the Country. PORTLAND, Ore., July 27. - -The Oregon National bank and the Northwest Loan and Trust Co., kindred institutions, failed this morning. The suspension caused no excitement and had no appreciable effect on the other banks of the city. The Oregon National's last statement shows total resources of $750,000. liabilities of $450,000. The ohief creditor is Multnomab county, the deposit of which amounts to about $300,000. The city of Portland has also on deposit about $20,000. J. L. Hartman, assignee of the Northwest Loan and Trust company, filed n statement this afternoon showing liabilities of $600,000 and Reacts of 860,000. EXETER, N. H., July 27.--The National Granite State Bank temporarily suspended this morning. The institution is declared perfectly sound, embarrassment being caused by the drainage of cash and delayed remittances from Boston. Immediate 16sumption is expected. WILMINGTON, Del., July 27.-A receiver has been appointed for the Wilmington Dental Manufacturing Co. The company is perfectly solvent. Inability to realize on bills caused the directors to take this action for protection. ELLENBBURG, Wash.. July 27.-The Ellensburg National bank suspended payment to-day. George B. Markle, president of the two banks which failed in Portland today, is also president of the Ellensburg bank. SPARTA, Wis., July 27.-M. A. Thayer's bank and the Bank of Spartn closed to-day. Liabilities of the former $175,000. assets $225,000; liabilities of the latter $210.000, assets $300,000. PORTAGE, Wis., July 27. - The City Bank of Portage closed its doors to-day. It was capitalized at $25,000. H. B eese, secretary of state, was president of the bank. PHILADELPHIA, Pa., July 27.-S. H. Morrison, AD extensive lumber merobant, suspended, owing to slow collections, etc. Liabilities $100,000. MIDDLESBORO, Ky.. July -The First National bank failed this morning. No statement.

2. July 28, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, July 28, 1893

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Western Bank Suspensions. (Bytelegraph to the Dispatch.) SEATTLE, WARH.. July 27.-A Spokane special says: The First National Bank suspended payment yesterday. The Spokane Savings Bank, connected with the First National, closed at the same time. In a few minutes the news was generally known throughout the city, but it was received quietly, and there was no effect perceptible at any of the other banks. President Glover stated that the bank has only temporarily suspended and that all depositors will be paid in full. HELENA, MONT., July 27.-The First National and Montana National banks failed to open this morning, and a run 18 now in progress on the other banks of the city. LOUISVILLE. Ky., July 27.-The Farmers' Bank of Mt. Sterling, Ky., suspended payment this morning. MIDDLESBORO', KY., July 27.-The First National Bank of this place closed its doors this morning. A notice upon the door reads: "This bank closed by order of the directors. J. P. Sandiford, cashier." PORTAGE, WIS. July 27. - The City Bank closed its doors this evening. The suspension IS due to the condition of the money market. PORTLAND, ORE.. July 27. - The Portland National Bank and the Northwest Loan and Trust Company, of this city, suspended payment this afternoon.

3. July 28, 1893 The Herald Los Angeles, CA

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A PANIC AT PORTLAND. The Oregon National Bank and an Allied Institution Suspend. PORTLAND, Ore., July 27.-The Oregon National bank and the Northweat Loan and Trust company, an allied institution, failed to open their doors this morning. A notice posted on the doors says the suspension was forced by the withdrawal of deposite and inability to realize on securities. George B. Markle is president of both institutions. The Oregon National has a capital of $200,000; a surplus of $40,000, and average deposits of $500,000. The capital of the Northwest Loan and Trust company is $250,000; surplus, $25,000.

4. July 28, 1893 The Morning News Savannah, GA

Article from The Morning News, July 28, 1893

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Two Suspensions at Portland. Portland, Ore., July 27.-The Portland National Bank and Northwest Loan and Trust Co., suspended this morning.

5. July 28, 1893 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, July 28, 1893

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MONTANA BANKS CLOSED. A Run in Progress at Helena-Assignments of Business Men-Other Banks Fail to Open Their Doors. HELENA, Mon, July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. C. W. Cannon, a local dealer in real estate, assigned yesterday. He wasa large endorser on corporation paper, and stringency of the money market caused the assignment. The liabilities are $240,000; assets, $1,500,000. A M. Halper also made a personal as signment. He, too, was a heavy endorser of corporation paper. His liabilities are $600,000; assets, $1,000,000. The Halper Hardware company, of which he is president, is not affected by the assignment. MOUNT STERLING, Ky., July 27.-The new Farmers' bank here failed to open its doors this morning, owing to a heavy run during the past week. All depositors will be paid in full. The capital stock is $250,000, and the bank was supposed to be one of the strongest in Kentucky. EXETER, N. H., July 27.-The National Granite State bank temporarily suspended payment this morning. The institution is declared by officials to be perfectly sound, the present embarrassment having been caused by a drainage of the cash supply and delayed remittances from Boston. An immediate resumption of business is expected. PORTAGE, Wis., July 27.-The City bank closed its doors this morning. The suspension is due to the condition of the money market. PORTLAND, Ore., July 27.-The Oregon National bank and the Northwest Loan & Trust company of this city suspended this morning. George B. Markle is president of both institutions. The capital stock of the Oregon National is $200,000; surplus, g $40,000; average deposits $500,000. Capiy tal stock of the Northwest Loan & Trust company $250,000; surplus $25,000. Rev. O. D. Taylor, manager of the In8 terstate Investment company at The Dalles has been arrested on a charge of embezzlement. It is alleged that Taylor is short $50,000 in his accounts.

6. July 28, 1893 The Sun New York, NY

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ELEVEN MORE BANKS FAIL. Seven in the West. Three in Kentucky, and One In New England, HELENA. Mon.. July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. The run is now confined principally to the Merchants' National Bank. which is paying everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets. but cannot realize. S. T. Hauser 1s President of the First National. The capital stock is $500,000. surplus $100,000. undivided profits $600.000. and average deposits $3,250.000. John T. Murphy is President of the Montana National. The capital stock is $500.000. surplus $100,000. undivided profits $100,000. and average deposits $1,500,000. SPOKANE. Wash.. July 27.-The First National Bank suspended payment yesterday afternoon. Its doors closed at 2 o'clock. and a'notice was posted announcing that. "owing to continued withdrawal by depositors and inability to realize on securities. this bank will temporarily suspend payment." The Spokane Savings Bank. which is connected with the First National. was closed at the same time. In a few minutes the news was generally known throughout the city, but it was received quietly. There was no effect perceptible at any of the other banks. President Glover said that the bank has only temporarily suspended. and all depositors will be paid in full. The bank commenced business in December. 1882. Its paid-up capital is $200,000. PORTLAND. Or., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company. kindred institutions, failed to open their doors this forenoon. Notice on doors says: Owing to withdrawal of deposits and inability to realize on securities this bank is forced to suspend." George B. Markle is President of both institutions. Capital stock of the Oregon National $200,000: surplus. $40,000: average deposits. $500.000. Capital stock of the Northwest Loan and Trust Company. $250,000: surplus. $25,000. MIDDLESBOROUGH, Ky.. July 27.-The First National Bank of this place closed its doors this morning. The notice on the door reads: This bank closed by order of directors." The officers of the bank refuse to talk. and it is impossible to get either assets or liabilities. The effect on business here will be serious, as most of the merchants were depositors. The Coal and Iron. the other bank here. will not be affected. The suspended bank had a capital of $50,000. and its individual deposits aggregated usually about $80,000. MOUNT STERLING. Ky.. July 27.-The new Farmers' Bank of this city closed its doors this morning. The failure was caused by inability to realize on its paper. The deposits are about $300,000. The bank holds firstclass paper to the amount of $600.000. The depositors will be paid in full. and the omcers of the bank hope to be able to resume in a short time. The capital stock is $250,000. This afternoon the Breeders' Bank also closed its doors. EXETER. N. H.. July 27.-The National Granite State Bank temporarily suspended payment this morning. The institution is declared by officials to be perfectly sound. the present embarrassment having been caused by a drainageof the cash supply and delayed remittances from Boston. An immediate resumption of business is expected. PORTAGE. Wis., July 27.-The City Bank closed its doors this morning. The suspension is due to the condition of the money market.

7. July 28, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 28, 1893

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TWO PORTLAND BANKS SUCCUMB. The Oregon National and Northwest Loan and Trust Company. PORTLAND, Or., July 27.-The Oregon National bank and Northwest Loan and Trust company, kindred institutions, failed this morning. A notice on the doors says the cause of the suspension is the withdrawal of deposits and inability to realize on securities. George B. Markle is president of both institutions. The Oregon National has a capital of $200,000, surplus $40,000, average deposits $500,000. The capital of the Northwest Loan and Trust company is $250,000, surplus $25,000. The suspension caused no excitement and no appreciable effe : on the other banks of the city. The Oregon National has a paid in capital stock of $200,000. The last statement shows the total resources to be $750,000; liabilities, $450,000. The chief creditor is Multnomah county, the deposits of which amount to about $300,000. The city of Portland has also on deposit about $20,000. J. L. Hartman, assignee of the Northwest Loan & Trust company, filed a statement this afternoon showing liabilities of $600,000; assets, $860,000. Chicago Clearing House Certificates. CHICAGO, July 27.-At a meeting of the Clearing House association today a letter was read from a number of merchants asking the association to consider the

8. July 29, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, July 29, 1893

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THE PREVAILING DEPRESSION. Day's Report of Its Effect on Various Institutions. PORTLAND, Ore., July 29.-The failures of the Oregon National and Northwest Loan and Trust company have been followed by a run on the Merchants' National, and the suspension of the Union Banking company. The former met every demand, paying dollar for dollar. This seemed to have the most quieting effect and none of the other banks suffered any trouble at all.

9. August 2, 1893 The Star Reynoldsville, PA

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago, is preparing to resume business. The First National Bank of Cisco, Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate language of the rabid silverites. Parkhust & Wilkinson, iron merchants, Chicago, assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants. St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Ban's, Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena, Mont., the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At Spokane, Wash., the First National Bank, paid up capital $200,000, and the Spokane Savings Bank, its dependent. tem. porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.

10. August 3, 1893 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, August 3, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago. is pre paring to resume business. The First National Bank of Cisco. Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate languageof the rabid silverites. Parkhust & Wilkinson. iron merchants, Chicago. assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants, St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Bank. Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena. Mont, the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At S okane, Wash., the First National Bank. paid up carital $200,000, and the Spokane Savings Bank, its dependent. ten porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.

11. August 4, 1893 Idaho County Free Press Grangeville, ID

Article from Idaho County Free Press, August 4, 1893

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PORTLAND BANKS AFFECTED. The Oregon National and Northwest Loan & Trust Co. Fail. PORTLAND, Oregon, July 27.-The Oregon National bank and the Northwest Loan & Trust Company, an allied institution, failed to open their doors this morning. A notice posted on the doors says the suspension was forced by the withdrawal of deposits and an inability to realize on securities. The suspension caused but little excitement and there is no apparent increase in withdrawal of deposits in other banks. George B. Markle, president of both banks, says the cause of the suspension is fully set forth in the notice posted on the doors. While not able to give an exact statement he could state that depositors will be paid in full. The statement of the Oregon National, published July 12, shows the bank's assets to be eight hundred thousand dollars, deposits four hundred and fifty thousand, surplus fund forty thousand, undivided profits eleven thousand. The bank has a capital stock of two hundred thousand. The Northwest Loan & Trust Company has a capital stock of two hundred and fifty thousand. No statement is yet made of its assets and liabilities, which are mostly savings deposits. The chief creditor of the Oregon National is Multnomah county, the deposit of which amounts to about three hundred thousand dollars. The Oregon National also held some of the city money. Owing to the absence of the city treasurer the amount is not definitely ascertained, but it is thought it will reach twenty-five thousand at the least. The Northwest Loan & Trust Company made an assignment J. L. Hartman. The statement filed shows the assets to be eight hundred and sixtyfive thousand, and the liabilities about six hundred thousand. Two Banks in Helena. HELENA, Mont., July 27.-The First National and Montana National banks failed this morning. The other banks are standing the run well. The failed banks are among the oldest and strongest in the city. Both had ample assets, but could not realize fast enough. In a Receiver's Hands. HARRISBURG, Pa., July 27.-The American Tube and Iron Company, with plants at Middletown, Pa., and Youngstown, o., employing 2000 persons, has gone into the hands of a receiver. One in Kentucky. MIDDLESBORO, July 27.-The First National bank failed this morning. No statement of its assets and liabilities are given out. New York Stock Market. New YORK, July 27.-Stocks opened feverish, though some stocks received better support than of late. Temporarily Suspended. EXETER, N. H., July 27. -The National Granite State bank temporarily suspended this morning.

12. August 10, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, August 10, 1893

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posits. Bank Examiner Plumle is in charge, and it is believed the bank will resume in sixty days. The directors of the City Savings Bank held a meeting to-night and decided to suspend payment for sixty days. The bank is considered solvent. The deposits are $40,707; assets $151,499. An uneasy feeling prevails. COLORADO SPRINGS, Colo., Aug. 9. - The Broadmoor Casino Company went into the hands of a receiver to-day on application of the London and New York Investment Corporation. This corporation owns $250,000 first mortgage bonds in the casino and there is also a floating debt of $25,000. The assets are $500,000. PORTLAND, Or., Aug. 9.-J. L. Hartman was appointed receiver of the Northwest Loan and Trust Company this afternoon. Two weeks ago when the bank closed its doors an assignment was make to Hartman.

13. August 10, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 10, 1893

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BUSINESS TROUBLES. A receiver has ibeen appointed for the Nail City Stamping Company, of Wheeling, W. Va. Proceedings have been instigated against the officers who wreeked the Indfamapelis National bank. Fuller Bres. & Co., commission merchants of New York, assigned on Wednesday to C. B. Mulligan. J. L Hartman bas been appointed receiver of the Northwest Loan and Trust Company. of Portland. The statement of the Lasarus Silverman bank, of Chicago, shows liabilities of $1,691,079, and assets $2,521,241. The Broadmoor Casino Company. of Colorado Springs, has gone into the hands of a receiver. Assets are $500,000 and liabilities $275,000. Robert H. Colman, the iron millionaire of Lebanou, Ps., and wife have assigned. Liabili. ties; $3,500,000. The assets are claimed to exceed that amount. Judgments aggregating $60,000 have been ontered against the Linden Steel Company, of Pitisburg, one of the largest concerns in Pennsylvania. Several government cruisers will be delayed in building and receiving repairs, as the Lindens had the contracts for the armor plate.

14. August 26, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 26, 1893

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Statement of a Suspended Bank. PORTLAND, Aug. 25.-Receiver Hartman, of the Northwest Loan and Trust Company, today filed an inventory in the state circuit court, showing the assets of the bank as $863,511, liabilities $584,971.

15. November 18, 1893 The Hood River Glacier Hood River, OR

Article from The Hood River Glacier, November 18, 1893

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Nood River Glacier. HOOD RIVER. OR. NOV. 18, 1893. ALL SATISFACTORY. The taxpayers of Portland recently began an investigation for the purpose of discovering what had become of the county money. Their report appended shows where some of it is at present tocated, and it also shows that some of Portland's banks are now running on the people's money: **** Mr. Malarkey was asked what funds belonging to the county he had on hand, and he said $4,000 in the general fund and $5,000 in the school fund. The question was asked Mr. Malarkey whether he had any county funds in any of the banks. He said not a dollar. He was asked if he did not have some money that could be turned into the school fund. He answered that there was no money other than the $4,000 or $5,000. *** Sheriff Kelley said that he had not been in the habit of making out the report that the committee demanded. We inquired the amount of funds he had on hand, and he went on at great length to explain how the funds got into their present predicament, and showed the receipts for moneys turned over to the treasurer. Of the funds which have not been turned over to the treasurer, Sheriff Kelly reports $168,527.24 in the Northwest Loan and Trust company's bank, $148,717.88 in the Oregon National bank and $2,000 in the Union Banking company, in all $319,644.12. He wasasked why these funds were not available, to which he replied he could not check against them as it would close the * * banks. He said that the banks had promised io raise $50,000 by Decembea 1st for the school fund. "Sheriff Kelly incidentally mentioned that one of the banks carrying county funds sent $40,000 of the county money to Ellensburg, Wash., to hold up from insolvency their branch bank there during the panic. "Upon a second visit to Mr. Malarkey it was learned that he had some funds in a local bank. Mr. Malarkey said they were state funds. We asked him if the state treasurer had receipted for the money. He said no, but that there was an understanding between Mr. Metschan, state treasurer, and Mr. Lowenberg of the Merchants National bank, and that everything was all satisfactory." The reading was interupted at this point by a unanimous roar from the assembly. The report concluded thus: "Mr. Malarkey was asked as to the amount of the state funds, and replied $121,000. He was asked if any arrangements had been made with the bank for the payment of 8 per cent interest that the county was paying on the warrants unredeemed because of the money in the bank. He said that question had not been raised. Then the committee ventured the remark that the people had already raised the question."

16. January 21, 1894 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, January 21, 1894

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The Fight for the Haytien Republic. PORTLAND, Jan. 20.-In the United States court Wednesday counsel for the Northwest Loan and Trust Company appeared before Judge Bellinger with an order directing the United States marshal to turn over the steamer Haytien Republic to J. L. Hartman, receiver of the Northwest Loan and Trust Company. Counsel stated that this was in conformity with the mandate of the United States circuit court of appeals, directing dismissal of the libel against the steamer by the government. The judge signed the order and the United States marshal delivered the steamer to Receiver Hartman. On December 21 the Kodiak Packing Company, of San Francisco, filed a libel against the Haytien Republic, on which a warrant of arrest was issued and placed in the hands of Marshal Grady to serve. The marshal declined to serve the warrant at that time, under advices from the United States district attorney, on the ground that the vessel, being in the hands of the United States was not subject to process in a private suit, When Judge Bellinger issued the order directing the marshal to turn the vessel over to the receiver of the Northwest Loan and Trust Company, Mr. Grady turned the vessel over and then served the libel of the Kodiak Packing Company. Mr. Wood, in the United States court this morning, outlined the facts in the matter to Judge Bellinger, and expressed doubt as to the validity of the libel of the Kodiak Packing Company and the jurisdiction of the United States court over the vessel after she had been turned over to a receiver in the state courts. Judge Bellinger said that If the order of court was not in conformity with the mandate of the circuit court of appeals, then he had been imposed on. He called for the mandate, which he compared with the order, and finding that the matter had been misrepsented to him, annulled the order directing that the steamer be turned over to the receiver, which validates the Kodiak Packing Company's standing in the case. The Kodiak Packing Company claims to be the owner of the Haytien Republic, and asks that the vessel be delivered to them and that the Merchants' Steamship Company and the Northwest Loan and Trust Company be required to pay them damages and costs. The vessel is now in the hands of the United States marshal, under the Kodiac Company libel.

17. November 2, 1894 The Corvallis Gazette Corvallis, OR

Article from The Corvallis Gazette, November 2, 1894

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PORTLAND MONEY TROUBLES. Portland, Oct. 30.-The stockholders of the suspended Northwest Loan & Trust company had a heated meeting tonight. Resolutions were passed asking for the appointment of a new receiver. An investigation of the bank's accounts shows that the depositors will receive fifty or sixty per cent if the property is properly managed.

18. March 13, 1895 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, March 13, 1895

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OPIUM SMUGGLING TRIAL. Portland, March 12-June 3 has been set as the time. for the trial in the United States court of C. J. Mulkey, Wm. Dunbar, P. J. Bannon, James Lotan, Seid Back, and others, for smuggling opium. The attorney for the receiver of the Oregon National Bank has asked Judge Stearns for authority to sue the receiver of the Northwest Loan and Trust Company for $65,000, the amount of a fifty per cent assessment on stock of the Oregon (National Bank, asked for by the comptroller of currency. The Northwest Loan and Trust Company is owner of 650 shares of the Oregonial National.

19. March 13, 1895 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, March 13, 1895

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Portland's Broken Banks. Portland, March 12-Comptroller of the Currency Eckels has ordered Receiver Catlin, of the Oregon National bank to levy an assessment of 50 per cent. on the stock of the bank. Receiver Catlin today petitioned Judge Stearns, of the state circuit court, to be allowed to Eue the receiver of the Northwest Loan and Trust Company for 50 per cent. of the value of 1,300 shares held by the latter company.