18429. Gilbert Bros. (Salem, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
April 1, 1905
Location
Salem, Oregon (44.943, -123.035)

Metadata

Model
gpt-5-mini
Short Digest
ff06474a

Response Measures

None

Description

The articles describe Gilbert Bros. as a defunct/bankrupt banking firm with a receiver appointed and assets being sold and credits disposed of. There is no mention of a depositor run or temporary suspension/reopening; the firm is in receivership and being wound up, consistent with a suspension leading to permanent closure. Dates are taken from the newspaper publication dates and snippets. No OCR corrections of names or places were necessary.

Events (4)
1. April 1, 1905 Other
Newspaper Excerpt
We have undertaken to dispose of the remaining pianos belonging to the stock of Messrs. Gilbert Bros., the bankrupt bankers... purchased these instruments from the receiver at about one-fourth their value.
Source
newspapers
2. April 1, 1905 Receivership
Newspaper Excerpt
the bankrupt bankers, formerly of Salem... the receiver of the said bankrupt firm has finally succeeded in getting together [the pianos].
Source
newspapers
3. July 20, 1905 Other
Newspaper Excerpt
J. E. Magers... bid in the credits of the defunct banking firm of Gilbert Bros. for $4600. This bid was accepted by the receiver and confirmed by the court.
Source
newspapers
4. June 25, 1906 Other
Newspaper Excerpt
A. Bush Cited to Appear in Gilbert Receivership... petitioners, who are claimants under the receivership of Gilbert Bros., ask for an accounting from Ladd & Bush...
Source
newspapers

Newspaper Articles (3)
1. April 1, 1905 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, April 1, 1905

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Article Text

# Will Be Closed Out # Salem to HaveGreat Sale Pianos Only Slightly Used for a Song---An Event of Un- usual Interest to Music Lovers We have undertaken to dispose of the remaining pianos belonging to the stock of Messrs. Gilbert Bros., the bankrupt bankers, formerly of Salem. This stock consists mainly of used instruments which had been in homes scattered all over the country, and which the receiver of the said bankrupt firm has finally succeeded in getting together. We have purchased these instruments from the receiver at about one-fourth their value, and are anxious to dispose of them without delay, and accordingly we will begin Monday a ten-days' sale, at prices lower than have ever been seen in Salem or any other locality, upon such a class of instruments. Every piano has been carefully examined by us, and we do not hesitate to pronounce them the greatest bargains for the price we have ever handled. They have all been placed in perfect condition, and could not be told from brand new. They are, in reality, as good as new. We offer Monday choice of the Everett, Singer, Bentley, Gilbert and various other makes at prices from $130 upward.

2. July 20, 1905 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, July 20, 1905

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Article Text

# Gilbert Brothers' Credits Sold. J. E. Magers, of this city yesterday, bid in the credits of the defunct bank-ing firm of Gilbert Bros. for $4600. This bid was accepted by the receiver and confirmed by the court. The receiver says that upon the receipt of this sum he will be able to pay about 5 per cent more on the claims of the depositors.

3. June 25, 1906 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, June 25, 1906

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Article Text

# WRONGFULLY # WITHOLD # PROPERTY # A. Bush Cited to Appear in Gilbert Receivership---Important Step in Big Suit Roscoe C. Thomas, substituted executor of the will of William Cosper, against P. N. Gilbert, has filed a petition in department No. 2 of the circuit court, for the accounting and discovery of certain property. The petitioners, who are claimants under the receivership of Gilbert Bros., ask for an accounting from Ladd & Bush, who are also declamed creditors of the estate. The petitioners claim that 65 per cent of their claims are still due from Claud Gateb, receiver. The original claim is said to have been $12,590.17. and that they hold a large amount of motes as collateral security. The petition also alleges that $4000 worth of shares in the First National Bank of Moscow, Idaho, was further assigned to Ladd & Bush as security. It is further asserted that in November, 1905, Claud Gatch paid to Ladd & Bush all the balance due them from Gilbert Bros., without taking into account any of the dividends received before by the bank, and that the bank did not return to the receiver any of the stock, but kept the same as their own, which retention they allege was acquiesced in by the said receiver, Claud Gatch. The petition asks that Ladd & Bush be cited to appear and answer these allegations and to return to the receiver the stock in question, and that their claims be adjudged a first lien on the stock. The petitioners' attorneys are Tillman Ford, W. M. Kaiser and W. T. Slater, Judge Galloway has ordered that A. Bush, as the firm of Ladd & Bush, appear in court in answer to the allegations of the petitioners.