18399. Portland Savings Bank (Portland, OR)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
July 29, 1893
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini
Short Digest
47d144f3

Response Measures

Full suspension, Books examined

Other: Receiver inventories, dividends paid, and committee/chamber of commerce examinations and guarantees arranged.

Description

July 1893: heavy withdrawals during the Panic of 1893 led the Portland Savings Bank to close and a receiver (D. P. Thompson) was appointed. The bank later resumed (reported as resuming May 1 under agreements with depositors). Ultimately it failed to reopen and went into liquidation in Nov 1894 after renewed withdrawals and loss of confidence following the death of president Frank Dekum (receiver O. N. Denny appointed). I classify the sequence as run → suspension → eventual permanent closure (run_suspension_closure). Dates for reopening (1894-05-01) taken from contemporaneous article stating the bank resumed May 1.

Events (5)
1. July 29, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals during the Panic of 1893 / stringency of the money market; run on deposits forced closure.
Measures
Receiver D. P. Thompson was appointed; bank suspended operations.
Newspaper Excerpt
PORTLAND, Ogn., July 29.-The Commercial National, Portland Savings bank and the Ainsworth National bank failed this morning. ... The suspended institutions are all said to be solvent.
Source
newspapers
2. July 29, 1893 Suspension
Cause
Macro News
Cause Details
Suspension due to rapid withdrawals and general money stringency during the nationwide panic of 1893.
Newspaper Excerpt
PORTLAND, Ure., July 29.-The Commercial National bank, the Ainsworth National and the Portland Savings banks closed today, on account of the withdrawals of deposits. D. P. Thompson was appointed receiver of the Portland savings bank this afternoon.
Source
newspapers
3. May 1, 1894 Other
Newspaper Excerpt
the bank resumed business May, 1 of this year, under an agreement with the majority of the depositors that they were to draw out, quarterly, ten per cent of their deposits.
Source
newspapers
4. November 20, 1894 Receivership
Newspaper Excerpt
O. N. Denny has been appointed receiver, and the bank will go into liquidation. Assets of the bank are given at $1,650,000; liabilities at $1,430,000.
Source
newspapers
5. November 20, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Loss of confidence precipitated by the recent death of President Frank Dekum and resulting unremitting withdrawals leading to appointment of receiver and liquidation.
Newspaper Excerpt
PORTLAND, ORE., November 20. - The Portland Savings Bank failed to open its doors this morning. The lack of public confidence and unremitting withdrawals of deposits are given as the reason for the closing of the bank. O. N. Denny has been appointed receiver, and the bank will go into liquidation.
Source
newspapers

Newspaper Articles (21)
1. July 29, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 29, 1893

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TODAY'S FAILURES. One of the Oldest Firms in the Country. HAMILTON, Ohio, July 29.-McNeal & Urban, safe an 1 lock company, one ofthe oldest safe firms in the country assigned. The assets are $160,000; liabilitiesure unknown. The firm claims to be solvent. AKRON, O., July 29.-The Citizens' Savings and Loan association failed this morning. It will pay in full. The capital is $100,000 and the surplus $80,000. KANKAKEE, Ills., July 29.-The First National bank failed this moruing. The assets are sufficient to pay the depositors in full. PORTLAND, Ogn., July 29.-The Commercial National, Portland Savings bank and the Alnsworth National bank failed this morning. With the exception of a slight run on the First National, the largest bank in the city, there was no excitement.

2. July 30, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 30, 1893

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National Bank of Eau Claire, the Bank of Eau Claire and Chippewa Valley bank at the close of banking hours had taken in more than was paid out. These banks are backed by the wealthiest men in the citv. "n't the utmost confidence is expressed in them. FORTLAND. Ure., July 29.-The Commercial National bank. the Ainsworth National and the Portland Savings banks closed today, on account of the withdrawals of deposits. The Commercial National paid out $150,000. There was a run on the First National this morning, but all demands were promptly met and sufficient cash is said to be on hand to keep paying out for a week, if necessary. The suspended institutions are all said to be solvent. At 1 p. m., the ciosing hour, the excitement had subsided, and the withdrawal of deposits at the other bank ceased, while the business houses were making their usual Saturday deposits. Between the noon hour and the closing time deposits greatly exceeded the withdrawals. D. P. Thompson was appointed receiver of the Portland savings bank this afternoon. A statement of this bank shows resources $2,955,000, which is considered a conservative estimate. The liabilities are placed at $2,475,000. During the last sixty days there has been a shrinkage of $600,000. while $800,000 has been withdrawn from the Commercial National bank during the same period. The Commercial National paid $100,000 yesterday. AKRON, Ohio, July 29.-The Citizens Savings and Loan Association of Akron closed its doors at 10:30 this morning. The cause given was constant drawing upon resources by drawing out of deposits. The capital stock is $100,000, with $80,000 surplus. The company was organized and incorpórated in 1872. The suspension created no surprise in Akron, KANKAKEE, III., July 29.-The First National bank, of this city, failed to open this morning. A steady withdrawal of funds and inability to realize on paper were the causes. The assets are sufficient to pay depositors in full. The bank was organized in 1801. Emory Cobb is president and H. C. Clarke cashier. HAMILTON, July 29.-The McNeale & Urban Safe & Lock company, one of the oldest safe firms in the country, has assigned to Howard Douglass, of Cincinnati. Assets, $160,000; liabilities unknown. The firm had been unfortunate in several large contracts, but it IS claimed it is solvent. WALTHAM, Mass., July 29.-All the American Waltham Watch company foremen were interviewed by President Fitch today, and given instructions as to reducing their working forces. In some cases this will be a cut down of 50 per cent, and in all there will be 1,500 hands thrown out of work indefinitely. Of the hands retained. a large number will have to work for reduced pay, 15 per cent being cut off in some instances, it is said. Letters received today from the Elgin factory report the situation even worse there than in Waltham. There will be 1.600 watchmakers discharged there on Aug. 1, and the pay roll of $120,000 a week will be reduced about one-half. There are 500,000 movements in stock there, valued at $500,000. The concern IS all right financially, having a surplus on hand of $1,000,000 of undivided profits. In the discharge of hands, SO far as possible, those will be retained who have families dependent upon them for support, and the ones discharged will be taken on again whenever the business prospects shall brighten sufficiently to warrant it. HELENA, Mont., July 29.-The Citizens' Stock Growers' National Bank of Miles City closed today. Its assets are said to be far in excess of its liabilities. Stringency of the money market is given as the cause. The First National bank of the same city has all its deposits guaranteed by a committee of business men, and it is thought will be able to keep open. MANCHESTER, N. H., July 29.-Disclosures today tend to show that Cashier Morrell knew the worst, and ran away rather than face the music. A director stated this in

3. August 15, 1893 The Herald Los Angeles, CA
Article from The Herald, August 15, 1893

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A Suspended Portland Bank. PORTLAND, Ore., Aug. 14.-D. P. Thompson, receiver of the suspended Portland Savings bank, filed his inventory in the circuit court this afternoon. The inventory shows: Total assets of the bank, $3,014,340.69; liabilities, $2,475,146 38. Receiver Thompson says if the creditors will not crowd the bank it will be able in a short time to pay dollar for dollar.

4. August 16, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, August 16, 1893

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It Will Pay in Full. PORTLAND, Ore., Aug. 15.-The inventory of the suspended Portland Savings bank shows total assets of $3,014,000; liabilities, $2,475,000. The receiver states that if the bank is not crowded it will pay in full.

5. August 18, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, August 18, 1893

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Suspended Portland Savings Bank. PORTLAND (Or.), Aug. 17.-Depositors of thesuspended Portland Savings Bank held a meeting this afternoon and appointed a committee of five to wait upon the stockholders of the suspended bank and request them to pledge their individual property as a guarantee that the depositors of the bank will be paid in full. It is understood that D. P. Thompson has resigned the receivership, and that H. H. Northrup will succeed him. Depot Narrowly Escapes Destruction. COLFAX (Cal.), Aug. 17.-The commodious freight depot here narrowly escaped destruction by fire this evening. A ton of powder was carried out during the excitement. A train ran into a car on the side track, demolished the car and tore up the track.

6. August 18, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, August 18, 1893

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YET THEY GO DOWN. The Financial Cloud Hangs Low in the Eastern Sky. There Is a Brightening in Spots, but Still the Storm Is Not Over. Special to THE MORNING CALL PITTSBURG, Aug. 17.-The Oliver Iron and Steel Company, one of the largest concerns in this country, went into the hands of a receiver to-day, on the application of the National Tube Works Company of New Jersey and E. C. Converse of New York. The capital of the company is $1,000,000; apparent indebtedness, $600,000: bonded indebtedness, $585,000. H. W. Oliver was appointed receiver. The company has extensive plants in Pittsburg and Alleghany and employs 4000 inen. It is also largely interested in coke and natural gas, The sales aggregate $5,500,000 annually, George T. Oliver. president of the Oliver and Roberts Wire Company, said: "The appointment of a receiver for the Oliver Iron and Steel Company will not affect the other Oliver operations under my active egement. These companies, like other siness interests, are suffering from the gency in money and the unprecebusiness depression, but so far as I now see, they are fully able to meet liabilities." NDIANAPOLIS, Aug. 17. -Receiver Hawof the Indianapolis National Bank a a sworn statement to-day which indicates that perjury was committed by the bank's officers in making tax returns. CHICAGO, Aug. 17.-A proposition was made to-day to the creditors of John Cudaliy which will yield $1,300,000 instead of $800,000. John's brothers, Michael Edward and Patrick, have signed a contract to pay the creditors $500,000 in yearly installments and $100,000 in addition to the securities which Cudahy heretofore furnished. DENVER, Aug. 17.-The National Bank of Commerce reopened for business today with almost 100 per cent of its liabilities on hand. Three more of the suspended banks are expected to open by September 1. The American National Bank, which suspended July 1, resumed business this morning. DUBUQUE, Aug. 17.-The First National Bank, one of the oldest institutions in the city, with a capital of $200,000, suspended this morning. The last statement showed deposits of $520,890. The failure is due to withdrawals. CINCINNATI, Aug, 17.-The Standard Wagon Company, the largest company of its kind in the United States, assigned this morning to Grant H. Burrows. The assets are $1,200,000; liabilities, $700,000. NEW YORK, Aug: 17.-Davis & Co., wholesale dry-goods dealers of this city and Chicago, assigned to-day. The liabilities and assets are about $200,000 each; Stringency of the money market is the cause of the failure. HUNTINGTON, Pa., Aug. 17.- The national bank at Wyndham, Bedford County, closed its doors to-day. The bank was operated by John K. and George B. White, who besides operated four large tanneries located at Wyndham, Dry Run and Manns Choice, which were also forced to close down. The liabilities are estimated at $350,000, with assets of $450,000. PORTLAND, Or., Aug. 17.-Depositors of the suspended Portland Savings Bankheld a meeting this afternoon and appointed a committee of five to wait upon the stockholders of the suspended bank and request them to pledge their individual property as a guarantee that the depositors of the bank will be paid in fill. It is understood that D. P. Thompson has resigned the receivership and that H, H. Northrup will succeed him.

7. August 19, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 19, 1893

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NO DEPOSITORS WILL LOSE. Portland's Suspended National and Savings Banks Preparing to Resume. PORTLAND, Aug. 8.-The committee from the chamber of commerce appointed a few days ago to examine into the affairs of the suspended National banks in this city today obtained permission from Comptroller Eckels. The securities W ill be examined, and the committee will report a plan which will lead to the speedy resumption of the banks. All the banks are having good success in making collections, and many depositors are signing agreements to wait a reasonable time for their money. President Dekum, of the Portland savings bank, states that he is willing to put into legel form his guarantee that depositors with be paid in full. The resignation of D. P. Thompson as receiver has not yet been accepted, and it is probable that the court will allow him to remain.

8. August 19, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, August 19, 1893

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PORTLAND BANKS. The Chamber of Commerce Looking Into Their Solvency. PORTLAND, Or., Aug. 18.-The committee of the Chamber of Commerce appointed a few days ago to examine into the affairs of the suspended national banks of this city to-day obtained permission from Comptroller Eckles to proceed. The securities will be examined and the committee will report on a plan which will lead to a speedy resumption by the banks. All the banks are having good success in making collections and manv depositors are signing agreements to wait a reasonable time for their money. President Delkum of the Portland Sav. ings Bank states that he is willing to put into legal form his guarantee that the depositors will be paid in full. The resignation of D. P. Thompson as receiver has not yet been accepted, and it is probable that the court will allow him to remain.

9. August 25, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, August 25, 1893

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MORE BUSINESS FAILURES. Several Large Concernsin the East Forced to Assign. PITTSBURG, Aug. 17.-The Oliver Iron and Steel company, one of the heaviest concerns in the country, today went into the hands of a receiver. The capital of the company is $1,600,000, and the apparent indebtedness is $600,000. The bonded indebtedness is $585,000. First National Bank of Dubuque. DUBUQUE, Aug. 17.-The First National Bank, one of the oldest institutions in this city, with a capital of $200,000, euspended this morning. The last statement showed half a million dollars deposits. A Large Wagon Company Assigns. CINCINNATI. Aug. 17.-The Standard Wagon Co., the largest company of its kind in the United States, assigned this morning to Grant H. Burrows. Assets, $120,000; liabilities, $700,000. Depositors Want a Piedge. PORTLAND, Aug. 17.-At a meeting of the depositors of the Portland Savings Bank, held this afternoon, a motion was adopted to appoint a committee of five to wait upon all the stockholders of the bank and ask them to pledge the depositors that they will receive their money in full. Receivers for the Northern Pacific. PORTLAND, Aug. 17.-In the United States circuit court today, W. H. Payne, T. F. Oakes and Henry Crouse were appointed receivers for the Northern Pacific in the State of Oregon. Their bonds were fixed at fifty thousand dollars. A Denver Bank Reopens. DENVER, Aug. 17.-The Bank of Commerce reopened today with almost a hundred per cent of its liabilities on hand. Three more of the suspended banks are expected to open by September 1st. Mr. Thompson Resigns. PORTLAND, Aug. 17.-It is reported this afternoon that David P. Thompson has resigned as receiver of the suspended Portland Savings bank. E. J. Northrup is mentioned as bis sucessor. How It Affects Exchange. LONDON, Aug. 17.-The action of the government in lowering the price of India council bills has caused a great awakening in exchange here today. A National Bank Resumes. DENVER, Aug. 17.-The American National Bank resumed business this morning.

10. August 29, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 29, 1893

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Portland's Suspended Banks Solvent. PORTLAND. Aug. 28. - [Special.] - The Chamber of Commerce, before indorsing the report of Bank Examiner Wightman as to the solvency of the four national banks which suspended over a month ago, appointed a commission to examine the affairs and securities of the banks. This commission reported at a special meeting of the chamber this evening fully indorsing the solvency of all four banks, and the chamber recommends depositors to grant an extension of time for payment of their claims and that debtors pay their indebtedness, as far as is practicable, at once. All four banks will resume very shortly, the chamber agreeing to receive their certificates to a reasonable extent in the way of business for the time being. The directors of the Portland Savings bank have requested the clearing house to appoint a committee to examine its affairs and make an official report on the value of its securities. If this report is favorable the bank will reopen, issuing certificates guaranteed by President Dekum. This request was indorsed by the Chamber of Commerce. There is a general feeling that a solution of the financial troubles here has been reached and that confidence will be restored at once.

11. February 1, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 1, 1894

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THE PORTLAND SAVINGS BANK. Not Able to Open Because Some Depositors Are Greedy. PORTLAND, Jan. 31.-[Special.]-The Portland Savings bank, which suspended six months since, will not resume business tomorrow, as was hoped, but the receiver will pay a 10 per cent. dividend on all deposits. Of the $2,400,000 of deposits, extensions had been signed by all but $700,000, when a report was circulated that the bank would resume on February 1, and the depositors stopped signing, and brokers were buying deposits at 90 per cent. of the face value. A number of the largest depositors, who are able to wait, would not sign, and were ready to rush in and draw all their money. This was not considered fair to those who bad signed extensions, and the court ordered that 10 per cent. of the dividends be paid to all depositors. The bank will open for this purpose tomorrow morning. The courts will not hasten to throw the bank into liquidation, and it is hoped that arrangements will yet be made to enable it to resume business, as the assets are ample to pay all depositors if reasonable time is given.

12. February 2, 1894 The Dalles Daily Chronicle Dalles, OR
Article from The Dalles Daily Chronicle, February 2, 1894

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Spokane has a Cultus club. Do you dance? If not watch those who do at the ball of the East End hose company. They're all going. An old gentleman named Ordway, who has been sick for a long time, died in Hood River on Monday and was buried Wednesday. The Diamond mills have shut down for a short time for the purpose of lining up machinery and making some slight repairs and changes. The "geography" party occurs tonight at Fraternity hall. It is rumored that some of the localities to be used will be far fetched, but nothing under 12,500 miles. The Union Republican has brought out the name of Hon. J. A. Wright of Sparta for gubernatorial honors, and calls him "Eastern Oregon's favorite son." Billy V. gave the business away this morning. In a conversation referring to its profitableness he said: "You can't run a dairy ranch without plenty of good water" (for the cows.) The Union Pacific company are storing large quantities of coal at this point. A force of fourteen men are now at work. There is at present between 1,200 tons and 1,500 tons in the yard. We are in receipt of No. 2 of the Midland Monthly published at Des Moines, Iowa. It is very neat typographically, well illustrated, and its contributions are from the pens of well known authors. The Portland Savings bank opened yesterday for the purpose of paying depositors a 10 per cent. dividend. There were more present than could be accommodated, and several days will be required to pay all who are anxious to get their money. The '94 social club gave a banquet at the Columbia Candy Factory last evening. About thirty-seven were present. Oysters were served the entire party inside of two minutes by Sam Campbell, while Newt. ladled out the soup in the culinary department. The absence of Pease & Mays advertisement during the past month has

13. October 24, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 24, 1894

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# The Late Frank Dekum. A Portland reader of the POST-INTELLIGENCER, one who knew the late Frank Dekum, the Portland pioneer and banker, more than a score of years, takes exceptions to the statement that Mr. Dekum was not progressive and did not improve his property as promptly as his neighbors did theirs: The Portland man writes: "The exact reverse of this statement is the truth. Mr. Dekum was one of our most progressive citizens, especially in the matter of building. The Dekum block, one of the finest in the Northwest, is only one of his efforts in that line. Long ago he put up one of the best buildings on First street, and another on Washington street. The only other citizen who equaled him in this respect is Hon. H. W. Corbett. Mr. Dekum has taken an interest in all public improvements, especially the water works, public parks, introduction of song birds, contributing his time and money with a liberality exceeded by none. He has been very unjustly blamed on account of the suspension of the Portland Savings bank, for which he was not responsible, and has been obliged to bear all the abuse and worriment caused by that affair, which others should have shared with him, and which would all have been avoided if these men would have done what he was willing and anxious to do."

14. November 21, 1894 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, November 21, 1894

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A SAVINGS BANK FAILS. The Trouble Precipitated by Death of the Institution's President. PORTLAND, ORE., November 20. - The Portland Savings Bank failed to open its doors this morning. The lack of public confidence and unremitting withdrawals of deposits are given as the reason for the closing of the bank. O. N. Denny has been appointed receiver, and the bank will go into liquidation. The assets of the bank are given at $1,650,000; the liabilities at $1,430,000. The closing of the bank was doubtless precipitated by the death of Frank Dekum, the president, about a month ago. The bank first closed its doors in the panie of 1893, but resumed in May of this year, under an agreement with the depositors that they, were to draw out quarterly 10 per cent. of their deposits. Many depositors refused to sign off under any conditions, and withdrew their deposits when the bank resumed, materially aiding the present suspension.

15. November 21, 1894 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, November 21, 1894

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A Bank Failure, Portland, Ore., Nov. 20.-The Portland Savings bank failed to open its doors this morning. The lack of pubHe confidence and uncessing withdrawals of deposits are given as reasons of the closing of the bank. O. N. Denny has been appointed receiver and the bank will go Into liquidation. The assets of the bank are given at $1,050,000;

16. November 21, 1894 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, November 21, 1894

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A DESPERATE WOMAN. Fell Forty Feet While Trying to Escape From the Police. STRACUSE, Nov. :1.-Gracle Francis, alias Gracie Williams, under arrest with her husband In this city for a series of petit larcenies, made a daring break for liberty, and now she lies at the point of death, suffering intens: agony from a broken back. The Williams woman was left to herself for a few moments in the detention room of the police matron's department at police headquarters to eat her supper. She procured a sheet from a bed. and tearing it into shreds made a rope. Tying one end of this to the leg of an Iron bedstead. she let herself out of a window. The rope broke before she had begun her descent. and she fell 40 feet to the frozen ground. landing on her back She was taken to St. Joseph's hospital, where, it is said. she will die. The woman, according to her husband's story. was married to him three months ago at To:edo and has a mother living in Columbus An Oregon Bank Fails, PORTLAND, Or. Nov. 21.-The Portland Savings bank failed to open its doors. The lack of public confidence and unremitting withdrawals of deposits are given as reasons for the closing of the bank. O. N. Denny has been appointed receiver, and the bank will go into liquidation. The assets of the bank are given at $1,. 650,000; liabilities, $1,430,000.

17. November 21, 1894 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, November 21, 1894

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fort was made to effect a re-organization, but it was unsuccessful, owing to the general apathy of capital to invest in any enterprise. Now no further effort will be made to recuperate the affairs of the bank. It will never again be opened, and the receiver will be permitted to pay dividends to depositors as rapidly as he can realize on the assets. The Portland Savings Bank was established in 1881, with a capital stock of $200,000, in a building at the corner of First and Ash streets. Later the capital stock was increased to $280,000, and the bank removed to its present site, corner of second and Washington streets. It was during the panic of 1893, on July 27, that the bank first closed its doors. Mr. D. P. Thompson was appointed receiver, and as the result of his efforts, the bank resumed business May, 1 of this year, under an agreement with the majority of the depositors that they were to draw out, quarterly, ten per cent of their deposits, and no more. While this was the general agreement, many depositors signed other agreements to allow their deposits to remain undemanded for longer or shorter periods of time. Many depositors who refused to sign off under any conditions, withdrew their deposits as soon as the bank opened its doors, and their action aided materially in precipitating the suspension. Four payments of ten per cent each, were made to those depositors who signed off under the quarterly payment agreement. The Portland Savings Bank, at one time, had close relations with the Commercial National bank, but the fatter, under its reorganization, has no business connections with the Portland Savings bank. The main financial interest in the Commercial National is now the great Wells-Fargo bank, of San Francisco.

18. November 21, 1894 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 21, 1894

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SAVINGS BANK FAILS. A Run Given as the Reason For the Closing of the Doors. Portland, Or., Nov. 20.-The Portland Savings bank failed to open its doors this morning. The lack of public confidence and unremitting withdrawal of deposits are given as reasons for the closing of the bank. O. N. Denny has been appointed receiver and the bank will go into liquidation. The assets of the bank are given at $1,650,000; liabilities, $1,430,000. The closing of the bank was doubtless precipitated by the death of Frank Dekum, the president, about one month ago. The bank first closed its doors in the panic of 1893, but resumed in May of this year under an agreement with the depositors that they were to draw out quarterly 10 per cent. of their deposits. Many depositors refused to sign off under any conditions and withdrew their deposits when the bank opened, materially aiding the present suspension.

19. November 22, 1894 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, November 22, 1894

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Savings Bank Fails. Portland, Ore., Nov. 21.-The Portland savings bank has failed and a receiver has been appointed. Assets, $1,650,000; liabilities, $1,430,000.

20. February 4, 1896 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, February 4, 1896

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The Portland Savings bank, by O. N. Denny, receiver, vs. Thos. H. D. Cew et al. Scottish Investment Co. vs. Wm. N. Ladue. Peter Zielinski vs. Wm. P. Miller et al. Alexander Turcotte vs. Zenaide DuRette et al. DIVORCE. Mary E. Cooper vs. Alexander Cooper. Louise Kampman vs. Wm. Kampman. Cora A. Wilson vs. J. A. Wilson. N E. Marchbanks vs. J. H. Marchbanks. S. Ethel White vs. W. A. White. John Boyce vs. Emma Boyce. Mary E. Swartz vs. Alonzo Swartz. The remainder of the docket in this department shows the following suits: State of Oregon vs. First National Bank and Ladd & Bush, escheat; two cases. G. W. Dimick vs. Emma Storts et al.; suit to foreclose mechanic's lien. Jessie A. Rohrer vs. Chas. F. and Isabel Simon; suit in equity to set aside fraudulent transfer to real property. Paul J. G. Kleppin et al. vs. J. M. and H. F. Wallace et al.: equity. State of Oregon ex rel Chas. H. Dodd & Co., vs. Al. Moisan et al,; contempt of court. Sophia Peterson vs. Erick Peterson; partition. J. A. Baker vs. Williams & England Co., H. P. McNary, receiver; receivership. G. W, Dimick et al. vs. Amos Strong et al.; mandamus. George W. Dimick et al vs. J. H. Fletcher et al.; equity. John Ryan vs. J. E. Eldriedge et al.; equity. W. M. Wirt vs. Oregon wholesale Nursery Co.; receivership. Trustees of Willamette University vs. John Knight, sheriff; injunction. Bozorth Bros. vs. Paul J. G. Kleppin et al.; equity. C. Marsh vs. James E. Eldriedge et al; foreclosure of mechanic's lien.

21. September 12, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, September 12, 1896

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PACIFIC COAST BONDS. Frederick Pettibone, cashier of the Fairhaven National Bank of Fairhaven, Wash., advertises that upon October 4 he will sell in the name and in pursuance of the order of the board of directors of the bank a sufficient number of shares to make good the deficiency of $15,000, or such part of the original deficiency of $15,000 88 has remained unpaid since notice was given in January by Comptrolle r of the Currency of an assessment of $30 per share. As a matter of fact most of the assessment has been paid, but something like 150 shares are declared delinquent at this time. Receiver Tillinghast of the Columbia National Bank of Washington has filed notice in the United States court that he will compromise the account of $2000 owed to the bank by Lawrence Bros. State Treasurer Bowen had $10,000 in the bank, and he and other large creditors have been notified. The Linn County National Bank of Oregon has paia all depositors their principal in full, and they will now receive 5 per cent in addition, in accordance with an order issued by Comp:roller Eckels that a 5 per cent interest dividend should be declared. There are suits pending which, if settled in favor of the bank, may add from 1 to 13/4 per cent more to be paid on interest. A statement concerning the affairs of the Portland Savings Bank has been filed by Receiver Denny, from which it appears that there is due the depositors about $1,100,000, and according to the Portland Oregonian, after Wells, Farzo & Co. have been settled with there will be $1,000,000 assets left for the benefit of the depositors. Four dividends have been declared since the bank falled-three by the bank directors and one by the court. he West Philadelphia Title and Trust Company has brought suit against the city of Olympia, Wash., and others, to obtain an amendment to the decree issued by the Superior Court to enjoin the city from paying out $800 worth of warrants issued to I. Liberman in payment for grading on one of the city streets. The complicationsen the case are of little local interest here. but the position of the Philadelphia company is, as alleged, that they were innocent purchasers of the warrants: that the work for which the warrants were issued was done: that the city receiv. d the benefit therefrom, and that it should pay the warrants. Bids for the Anaheim bonds will not be opened until October 13. The Los ngeles Times has interviewed many prominent people in Los Angeles concerning the influence of free silver on contracts and investments. W. C. Patterson, president of the Cham-