18436. Williams & England Banking Company (Salem, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 14, 1895
Location
Salem, Oregon (44.943, -123.035)

Metadata

Model
gpt-5-mini
Short Digest
9f3b98d7

Response Measures

None

Description

The bank posted a notice on Nov 14, 1895 that it was closed for the present because it expected unusual demands from depositors. A receiver (H. P. McNary) was appointed and bonds filed; the institution remained in receivership with liquidation actions through 1896-1897. There is no explicit article describing an on‑site depositor run; closure appears to be a suspension followed by permanent receivership/closure.

Events (3)
1. November 14, 1895 Receivership
Newspaper Excerpt
H.P. McNary was appointed receiver of the bank. The State Insurance Co. filed for appointment of a receiver as a sequel to the bank failure. E. C. Giltner ... was appointed receiver this evening.
Source
newspapers
2. November 14, 1895 Suspension
Cause Details
Bank voluntarily closed/suspended due to anticipation of unusual depositor demands (precautionary suspension), not an explicitly described misinformation-triggered run or government action.
Newspaper Excerpt
Having reason to expect unusual demands from depositors, and in order to treat all creditors fairly and equitably, this bank is closed for the present. It is my opinion that all the depositors will be paid in full. H. P. McNary, cashier.
Source
newspapers
3. November 25, 1895 Other
Newspaper Excerpt
The doors of the Williams & England Banking Company and of the State Insurance Company remain closed, and both will pass into the hands of the receivers, probably not later than tomorrow. H. P. McNary ... has also forwarded his bonds to Judge Hewitt, for approval.
Source
newspapers

Newspaper Articles (12)
1. November 15, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 15, 1895

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Article Text

CRISIS AT SALEM, OR. Williams & England Bank and State Insurance Co. Fail. TACOMA'S BIG INTEREST BILL. Fifty-five Thousand Dollars Payable December 1-Commissioner Holmes Loses Another Bondsman. Salem, Or., Nov. 14.-The Williams & England Banking Company closed its doors this morning and the following notice was posted: "Having reason to expect unusual demands from depositors, and in order to treat all creditors fairly and equitably, this bank is closed for the present. It is my opinion that all the depositors will be paid in full. H. P. McNary, cashier." The bank was the depository of the city treasurer and also of the State Insurance Company, the Youngs Investment Company, and It is said Wells, Fargo & Co. had some money in It. No definite statement is now obtainable, but the belief is that all claims will be liquidated. The deposits amount to $120,000 and the assets to $275,000. As a sequel to the failure of the Willlams & England bank, the following announcement was posted on the door of the State Insurance Co.'s office at the closing hour this evening: "Owing to the closing of the Williams & England Bank1ng Co.'s bank, in which our funds are kept, and to lack of available funds to meet the claims now becoming due, and in order to protect the Interests of our policy holders, the State Insurance Co. will suspend business and ask for the appointment of & receiver. Edmund C. Giltner, Manager." The company filed an application in the circuit court this afternoon for the appointment of & receiver, and H. P. McNary, cashier of the closed bank, will probably be appointed. A large portion of the business done by the State Insurance Co. was in the country, on farmhouses. The liabilities of the State Insurance company, aside from the capital stock. are $175,000; assets, $374,000. E. C. Giltner, secretary and manager, was appointed receiver this evening.

2. November 16, 1895 The Dalles Times-Mountaineer Dalles, OR
Article from The Dalles Times-Mountaineer, November 16, 1895

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A SALEN BANK FAILS. Williams & Fngland Banking Company Closes Its Doors. SALEM, Nov. 14.-The Williams & England Banking Company closed its doors this morning, with the following notice posted: "Having reason to expect unusual demands from depositors, and in order to treat all creditors fairly and equitably, this bank is closed for the present. It is my opinion that all depositors will be paid in full. H P. McNary, Cashier." The bank was the depository of the city treasurer, and also of the State Insurance Company, the Young Men's Investment Company and it is said that Wells, Fargo & Co. had some money in it. No definite statement is now obtainable, but the belief is that all claims will be liquidated. As a sequel to the bank failure, the following announcement was posted on the door of the State insurance office at the closing hour last evening by Edmond C. Giltner, manager: "Owing to the closing of the Williams & England Banking Company's bank, in which our funds are kept, and to lack of available funds to meet the claims now becoming due, and in order to protect the intersts of policy holders, the State Insurance Company will suspend business and ask for the appointment of a receiver." The insurance company filed an application in the circuit court this afternoon for the appointment of a receiver, and E. C. Giltner, the secretary and manager, was appointed. H.P. McNary was appointed receiver of the bank. The liabilities of the bank, aside from its capital, amount to $130,000; assets, $275,000. The liabilities of the State Insurance Company, aside from the capital stock, amount to $175,000; assets, $374,000.

3. November 21, 1895 The Lebanon Express Lebanon, OR
Article from The Lebanon Express, November 21, 1895

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The State Insurance Co. Failure. As a sequel to the bank failure in Salem, the following announcement was posted on the door of the State insurance office at the closing hour by Edmond C. Giltner, manager. "Owing to the closing of the Williams & England Banking Company's bank, in which our funds are kept, and to Jack of available funds to meet the claims now becoming due, and in order to I protect the interests of policy holders, the State Insurance Company will suspend business and ask for the appointment of is receiver," The Insurance company filed an ap. plication in the circuit court for the ap. pointment of a receiver, and E. C. Glitner, the secretary and manager was appointed, The liabilities of the State Insurance Company, aside from the capitalstock, amount to $175,000; assets, $374,000. The bank was not one of general co namercial deprit, and will not affect general business of the city.-Ex.

4. November 22, 1895 The Mason County Journal Shelton, WA
Article from The Mason County Journal, November 22, 1895

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The State Insurance Co. SALEM, Or.,Nov. 14.-T he Williams & England Banking Company closed its doors this morning and the following notice was posted: "Having reason to expect unusual demands from depositors, and in order to treat all creditors fairly and equitably, this bank is closed for the present. It is my opinion that all the depositors will be paid in full. H.P. McNary, çashier." The bank was the depository of the city treasurer and also of the State Insurance Company, and several other concerns. No definite statement is now obtainable, but the belief is that all claims will be liquidated. The deposits amount to $120,000 and the assets to $275,000. As a sequel to the failure of the Williams & England bank, the following announcement was posted on the door of the State Insurance Co.'s office at the closing hour this evening: "Owing to the closing of the Williams & England Banking Co.'s bank, in which our funds are kept, and to lack of available funds to meet the claims now becoming due, and in order to protect the interests of our policy holders, the State Insurance Co. will suspend business and ask for the appointment of a receiver. Edmund C. Giltner, Manager." A large portion of the business done by the State Insurance Co. was in the country, on farmhouses. The liabilities of the State Insurance company, aside from. the capital stock, are $175,000; assets, $374,000. E.C. Giltner, secretary and manager, was appointed receiver this evening. Arrangements for the protection of the policy holders will be made in case the company goes into liquidation.

5. November 23, 1895 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, November 23, 1895

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: News Condensed tant Intelligence From All Parts. DOMESTIC. National Grange Patrons of 7 opened its 29th annual sessio rcester, Mass. Marinette iron works at West Minn., went into the hands of r with liabilities of $300,000. ession at Tallequah, 1. T., tee council passed a bill which its the employment of Cherokee citizens, as manager or bookkeepers in any mercanti shment. steamboat James W. Boy red off Rockaway inlet, York, and the five persons were drowned. O'Ferrall will ask the Virgini ture to pass a law making nen of sheriffs liable to the 1 who are lynched. National Reform association t Baltimore on December 12 revenue cutter Bear, , arrived at San Francisco mmer cruise in the arctic. 1 winds and heavy seas did : damage among summer resor the New Jersey coast master General Wilson directe stmasters to mark mail sent , companies as fraudulent and : to the senders. he result of an investigation carriers in Chicago were d for disobeying rules and uspended for from one to 30 Williams & England Bankin ny of Salem, Ore., closed The bank was a depository y treasurer and of several ations. general missionary committe M. E. church in annual session : announced that the receipts ar were $1,174,554 and the $ $1,237,345. One million ppropriated for the work of , for the coming year. on the premises of the Empir ery company in Boston destroye 0 worth of property. Taw Etaw, a Miami Indian, suicide at Wabash, Ind., hg. He had squandered a f $10,000 in drink. nty-five immigrants en route nia from Oklahoma were said eving on the Colorado desert. he session of the Knights of Washington the right to vote neral assembly was taken from vderly, formerly general an. . Hughes, of the Texas ranger ng on the Upper Rio Grande , reported much lawlessness ling. lumber cut of the Duluth (Minn t for the season just si a total of 461,000,000 feet, g the cut of previous years 100,000 feet. chlatter, who had gained hence as a divine healer, mysteriously from Denver. Bisbee, A. T., Frederick Rome mes Montague fought a duel each received fatal injuries. y newspaper men, representir

6. November 23, 1895 The Dalles Times-Mountaineer Dalles, OR
Article from The Dalles Times-Mountaineer, November 23, 1895

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SENT TO THE JUDGE. Bonds of the Receivers of the Salem Institutions. SALEM, Nov. 25.-The doors of the Williams & England Banking Company and of the State Insurance Company remain closed, and both will pass into the hands of the receivers, probably not later than tomorraw. E. C. Giltner, secretary of the insurance company, who has been appointed receiver therefor, forwarded his bonds to Judge Hewitt in Albany today. They will doubtless be approved and returned at once. Mr. Giltner's sureties are State Treasurer Metschan, who is also president of the State Insurance Comyany, J. H. Albert, cashier of the Capital National bank, and E. M. Croisan, ex-sheriff of Marlon county. H. P. McNary, cashier of the banking company, who was appointed receiver for the same, has also forwarded his bonds to Judge Hewitt, for approval. The bonds in each case were fixed at $50,000, with the injunction that the receiver reports quarterly. It is not improbable that the Capital City Railway will also pass into a receiver's hands. The State Insurance Company has a mortage of $38,000 on this property.

7. November 23, 1895 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, November 23, 1895

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*000'008$ TO saaru steamboat James W. Boyle ed off Rockaway inlet, near ork, and the five persons on ere drowned. O'Ferrall will ask the Virginia ure to pass a law making the en of sheriffs lable to the heirs who are lynched. ssion at Tallequah, I. T., the e council passed a bill which ts the employment of others herokee citizens, as managers, r bookkeepers in any mercantile hment. ational Reform association will Baltimore on December 12 and revenue cutter Bear, Capt. arrived at San Francisco from mer cruise in the aretic. winds and heavy seas did exdamage among summer resorts e New Jersey coast aster General Wilson directed masters 'to mark mail sent to companies as fraudulent and reto the senders. e result of an investigation 16 carriers in Chicago were disI for disobeying rules and 90 spended for from one to 30 days. Williams & England Banking y of Salem, Ore., closed its The bank was a depository for treasurer and of several large tions. general missionary committee 1. E. church in annual session at announced that the receipts for r were $1,174,554 and the expen$1,237,345. One million dollars propriated for the work of the for the coming year. on the premises of the Empire y company in Bóston destroyed worth of property. law Etaw, a Miami Indian, comsuicide at Wabash, Ind., by g. He had squandered a for$10,000 in drink. ty-five immigrants en route to ia from Oklahoma were said to ing on the Colorado desert. el session of the Knights of LaWashington the right to vote in eral assembly was taken from T. lerly, formerly general master "u Hughes, of the Texas rangers, : on the Upper Rio Grande near reported much lawlessness and ng. mber cut of the Duluth (Minn.) for the season just closed a total of 461,000,000 feet, exthe cut of previous years by 00,000 feet. alatter, who had gained great nce as a divine healer, disapmysteriously from Denver. sbee. A. T., Frederick Romero nes Montague fought a duel in ach received fatal injuries. cendiary fires occurred in Ilur., in 24 hours. newspaper men, representing icultural press of the country, Chicago and organized the AgriPress league with M. J. Lawprosident SU' Cheveland J tate Insurance company of Ore., went into a receiver's sta college, the most historic : in Augusta, Ga., wasdestroyed seless wagon was started from rk to Chicago. This is said to ongest trip ever undertaken by ehicle propelled by a motor. Koch, while drunk and jealous, : wife and then himself at Cinxchanges at the leading clearses in the United States during < ended on the 15th aggregated 6,164, against $1,121,504,739 the : week. The increase, comith the corresponding week in 14.5. 50 ritish steamer Leo foundered coast of Denmark and 15 perboard were drowned. were 279 business failures in ted States in the seven days 1 the 15th, against 280 the week and 280 in the corresponding 1894 oenixville, Pa., Thomas Elwin hroats of his two children, aged I six years, with a razor, and mmitted suicide in the same ober 32 S90 immigrants reached

8. January 2, 1896 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, January 2, 1896

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COURT HOUSE - NEWS. CALLED TO ENGLAND. 8 man, who came over from to : A young Britain a few months ago among Great his home in the future America, make inhabitants of selfthe patriotic addressed the following county's recently letter to Marion consider explanatory "Dear Sir:-Please become clerk: declaration of intention to void. my null and my have arisen about make which to reimperatively necessary for me Britain. it allegiance to Great allesume my already sent my renewed Majesty's I have to Her Britannic and giance Hoping that peace the prosperity government. may continue between two countries, etc." WANT A NEW ROAD. W. Early, John Craig twenty- hills D. residents of the Waldo county six other have petitioned the establishcommissioners' section court for the width of a new road, of the usual in ment feet-to begin at a point Macleay -forty center of the Salem and westthe road, that being the most Benjacounty southwest corner of the w, erly Walden d. 1. c. in 't. southeast 8s, min to run north to the 1. e, thence of the Nicholas Shrum d. the corner north on the line between corner and claims to the northeast center above Shrum's place which is the Prairie of Salem and South Howell of the The petition will be presented of the road. the court on the second day next week. January to term. which convenes M'NARY vs. WILLIAMS. P. McNary, receiver of the WilH. & England's banking company, Hewliams petitioned Judge H. H. Marion recently of department No. 2, limitt, circuit court, for an order which county and fixing the time within demands iting who have claims and make those the corporation shall of against thereof to the satisfaction proof receiver and thatsuch orderdirect the time within which the creditors their the the corporation shall present that of The court directed of claims. days be given from the date to ninety first publication of a notice of the effect and at the expiration a such time the receiver must make the that and complete report of all in claims full presented against the funds inpossession and all the parties days terested his therein may have thirty the which to make objections to eause claims, in should they have just for so doing. MRS. PAYTON'S SUIT. few weeks ago Mrs. Mary Payton made petitioned A the court that she be vs. party in the suit of J. A. Baker Co., a the Williams & England Banking the she being one of the creditors decreed to extent of $400, and that she be Ti have a lien on the real premises U. to held by the defendant corporation deUr now security for the amount of her W W as posit including the interest from July W 1888, To this petition a demurrer the Ya 27, been filed which asserts that has petition does not state facts sufficient EX to constitute a suit and does not entitle her to the relief demanded. MARION COUNTY FEES. tic The total receipts, in the form of ab collected by the county clerk for em fees during December, were $506 and am the year just passed the grand total fol- is ma $4,393.80. This, by months, is as January, $271.55; February, Ba Be lows: $329,30; March, $266.20; April, $419; Cla May, $373; June, $422.80; July, $347.70 Cla August, $326.75; September, $311.45 Co October, $348.80; November, $471.25 F. Co December, $506. Caunty Recorder Cu Cro W. Waters' collection for the last Do month of the old year foot up $253.20 Gil TAX ROLL CHANGES. Gra Ha The county clerk's office has gone to Jac work on the tax roll changes made by Jos state board of equalization, as Kla La ollows: he railroad rolling stock add La 24 per cent; merchandise add 10 per Lin ent; town lots and improvements Lin Ma hereon add 10 per cent; horses and Ma aules, subtract 8 per cent. To extend Mo hese changes on the tax roll will Mu ake the time of several competent Pol lerks for several weeks. She SHERIFF'S SALE. Till Um December 31, Sheriff Knight sold, Uni Wall the case of Ezra C. Wyatt vs Jos. Was Hall et al, foreclosure of a mortWas age sold to plaintiff 48 acres of land t 6 W, $1200. Yan COUNTY AID. T In the matter of aid for Miss C. Gros aylor, Miss Mary Burrus wasallowed Gros for nursing from December 9th to ecember 30th. Red

9. April 24, 1896 The State Rights Democrat Albany, OR
Article from The State Rights Democrat, April 24, 1896

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Receiver McNary yesterday filed with the court his report of verified claims against the Williams & England Banking Company of Salem. It shows 155 claims, aggregating $125,817. R. Williams' claim for $24,380, that has been adversely passed upon by the court, leaves $101,453. The state is credited $8013. Treasurer Metschan has said the state shall not be loser. The city of Salem is credited with $7349.-Dispatch. An air brake instruction car was in the city this afternoon giving instructions in using all air brake apparatuses by the employes centering at this city. It is a novelty and a very ingenius car.

10. January 23, 1897 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, January 23, 1897

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Sheriff's Sales. Sheriff Wrightman couducted four execution sales at the court house house today as follows: Hoefer & Zorn vs./4 M. Keene et al, 400 acres, bid in by plaintiff for $6,743.63. H. P. McNary, receiver of the Williams & England Banking Company vs. James and Emma McCourt, lots 7 and 8, block 1 in the southwest addition to Salem. sold to plaintiff for $349.46. American Mortgage Company of Scotland, limited vs. B: E. and Amy Robertson' et al,. .230 acres, in secs. 25 and 26 in township 8 south rangs 3 west sold for $2,771,.09, interest and and costs. Lands in blocks 1 and 60 of Salem, sold for $350 in case of H, P. McNary receiver, vs. I. H. and Carrie I. Burley, et 'al. Columbia Implement Company vs. John C. Barnes, an undivided seven. etghts of the undiyided half of 200 acres and 124.52 acres in Marion county to satisfy a .judgment for $157.85 and interest and costs was settled before offered for sale.

11. March 5, 1897 The State Rights Democrat Albany, OR
Article from The State Rights Democrat, March 5, 1897

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Sousas hand is to be in Portland The Wm. A. Lane pro perty at and near Harrisburg has been appraised at $28,000. It is to ce divided among the heirs. The Journal accuses Representative lke Patterson, of Marion county, of being "beavy in person but light in head." If the weather continues good it is said the wheat acreage in Linn county this year will be the biggest in its history. Just down the street at 2nd and Ellsworth, the Albany Dressed Beef Co are splendidly equipped for serving the public well in all kinds of choice meats, promptly and carefully. Fred Bushnell, of Eugene, was operated upon at the Good Samaritan hospital at Portland, this week, for appendicitis, and died from the effects of it. He had had two previous attacks. Joe Hansard received a le'ter this week from Ruff Hiatt, in which Ruff stated that his whole party were working near Riverside, Calif., helping pnt out a 40,000 acre orchard, and were being paid $1.75 per day.-Lebanon Express. The bidding for printing assessor's blanks last Tuesday was quite close and spirited, says the Toledo Leader. The stipulation called for 2.000 sixteen page blanks. The lowest bid was that of the Leader, it being $19.75. The highest bid was that of the Newport News, being $100. Foreclosure proceedings were begun in the circuit court at Salem yesterday by H. P. McNary, receiver of the Williams & England Banking Company, vs George Williams and William England, on two promissory notes of $25,000 each. Besides the notes, an overdraft of $8351 by Williams & England, and an overdraft of $2024 by George Williams is sued for. Dawson will treat you right

12. November 20, 1897 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, November 20, 1897

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NEW SUITS INSTITUTED. Probate Matters, Sheriffs Sales and General News At Court House. Hattie Mitchell has instituted à suit in department No. 1 to recover $263.42 with interest at the rate of 10 per cent per annum from Jan. 1. 1891, and $50 attorneys fees, from Ralph Shepbard and wife. During the past few days the following suits have been instituted in the Marion county circuit court: In Department No. 1, Geo. W. Watt vs. Thomas Howe, judgement demanded for $55 with interest at 10 per cent from July 30, 1891, and $20 attorney's fees. The note was executed to C. C. Gunn and afterwards transferred to plaintiff. In Department No. 2, Adolph Wolf & Co., vs. A L. Moserand Eva Moser, his wife, judgment is asked for $450 with 10 per cent interest from November 23, 1894 and $50 attorney's fees. Plaintiffs also asked for a foreclosure of mortgage on S w, t of n w, ± of sec. 2; W of S w, t of sec 2; and set of S W t of sec 2. t7 s, r DePue & Cook are attorneys for plaintiff. In Dept. No. 2 H. P. McNary, as receiver of the Williams & England Banking Company, an insolvent corporation, has instituted a suitagainst A. Bush to quiet a title. W. F. Slator and Tilmon Ford are attorneys for plaintiff. T. K. Ford has instituted a suit in Dept, No. 2 against Catharine and Geo. W. Stutesman to recover $850, alleged to be due on a promissory note. e TO WED. County Cierk L. V. Ehlen issued a or marriage licen-elate Friday evening to Paul Marnack and Anna Niedenberg. PROBATE COURT. e Dr. Wm. Boys, of Portland, has filed e his final account, with the county clerk, as guardian of the estate of William Aiken and was discharged. S Mrs. Matilda M. Kirk, administratrix of the estate of Peter Kirk, deceased, has been allowed $25 per month for incidental expenses. W.G. Westacott has been discharged as guardian of the person and estate of L. A. Westccott, having filed his final account. Mrs. Matilda M. Layman, executrix of the estate of Samuel Layman, deceased, has filed her final account with the county clerk, and the same has been set for hearing on January 4, 1897. SHERIEF SALE, At 10 m. today sheriff :F. T. Wrightman conducted two execution sales. In case of Lemuel Waiker vs. J. F. Stewart et al, a lot in Woodburn was bid in by plaintiff for $150. In the case of C. Ogle, et al vs. Williams & England et al lot 7 block 25 was bid in by plaintiff for $2271.22. The property involved in the latter case is known as the England residence property on Liberty street.