19164. Aberdeen Bank (Aberdeen, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 27, 1903
Location
Aberdeen, Washington (46.975, -123.816)

Metadata

Model
gpt-5-mini
Short Digest
533619ae3a5fda48

Response Measures

None

Description

Newspaper items (1903–1906) show the Aberdeen Bank was placed in receivership and a receiver handled its assets; there is no mention of a depositor run. Evidence points to a suspension/closure with a receiver rather than a temporary run or later reopening.

Events (3)
1. August 27, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Court-appointed receivers managing bank assets — indicates insolvency or inability to meet obligations leading to receivership.
Newspaper Excerpt
HA Hayes to JP Carson et al, receivers Aberdeen Bank, sat of mtg on w½ of nw¼ and w½ of sw¼ sec 32-19-7-$175.
Source
newspapers
2. August 18, 1904 Receivership
Newspaper Excerpt
M R Sherwood vs The Aberdeen Bank. Temporary restraining order and appointment of receiver.
Source
newspapers
3. November 29, 1906 Other
Newspaper Excerpt
As receiver of the Aberdeen bank, Mr. France - as in all other positions of responsibility and trust - showed tact and capacity that saved the depositors of the institution many dollars.
Source
newspapers

Newspaper Articles (3)
1. August 27, 1903 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, August 27, 1903

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Article Text

Hotch, chat mtg on saloon furniture-$430. Esmond & Esmond to C Nelson, sat of chat mtg on cable. L Harris to C Bealey, bill of sale of houses in Aberdeen and Hoquiam-$1000. JR Pomrenk to JH Brockie, mtg on land in sec 32-18-6-$455. S Benn to B Carlson, sat of mtg. Wm Jacka & Son to RR Mitchell, agreement for sale of furniture-$91. OF Witte to J Schweitzer, sat of mtg. Market Lumber Co, articles of incorporation. HA Hayes to A Carlson, rel of chat mtg on engine. S Sherman to RR Johnson, sat of mtg. HA Hayes to JP Carson et al, receivers Aberdeen Bank, sat of mtg on w½ of nw¼ and w½ of sw¼ sec 32-19-7-$175. Certified copy of last will and testament of J B Allen, deceased. Equitable Savings & Loan Assn to E B Dudley, sat of mtg on lot 4, blk 40, Aberdeen-$747. C Pealey to JF Conner, chat mtg on house on lot 6, blk 51, Aberdeen, also on piano-$201. C and Margaret Stine to May Crawford, special power of attorney. C Nelson to JO Elder, logging agreement. US Savings & Loan Co vs JD Lowry et al, lis pendens to foreclose tax lien. ED Garrison to CC Combes, mtg on lots 5 and 6, blk 15, Elma-$250. Barde & Nuddleman to LC Mizner, lease of furniture-$90 WH Kneeland to WW Long, sat of mtg-$250. A McDougall to —, sat of mtg on lots 2 and 3, blk 3, Bayview add Aberdeen-$625. ME Hogan to HL Miller, mtg on lots 2 and 3, blk 3, Bayview add Aberdeen-$700. LJ Mason to OM Kellogg, mtg on lot 7, blk 15, North Hoquiam add Hoquiam-$418. Frederick & Nelson to K Hinchman, cond sale of folding chairs-$180. HA Williams to TP Howard, mtg on 24 acres in nw¼ of ne¼ sec 10-17-6-$120. Mrs JA Richardson to GL Simmons, bill of sale of horses and wagon -$51. W B Fetterman to Wheeler Bros, lease of s 53x22 ft of lot 2, blk 42, Aberdeen, till Jan 1, 1910, at $1 per week. JR West to J Beckey, sat of mtg-$1000. US to WG Peebles, certified copy of patent to e½ of sw¼ sec 19; e½ of nw¼ sec 30-20-9.

2. August 18, 1904 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, August 18, 1904

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Article Text

NEW CASES State vs Chas Larson et al. Trespass. Wheeler Bros vs Chas Matteus. Fore-closure mortgage. Edna P Price vs Ross A Price. Divorce. E L Koehler vs City of Aberdeen. In-junction from purchase of real estate. M R Sherwood vs The Aberdeen Bank. Temporary restraining order and ap-pointment of receiver. Henry Richards vs Western Lumber Co. Damages. D J Manning vs T Wygant. Fore-closure tax lien.

3. November 29, 1906 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, November 29, 1906

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Article Text

# MAYOR OF ABERDEEN VOTERS WILL DECIDE WHO HE SHALL BE DECEMBER 4. Candidates Prance and Chamberlain Sketched for the Information of the Voters. Two Good men, but France is Better Equipped for the Oftice. EUGENE FRANCE The Citizens' nominee for mayor of Aberdeen has been a resident of this city for the past twenty years, coming to Aberdeen in 1886 with Capt. J. M. Weatherwax, with whose advent dates the real birth of Aberdeen. Mr. France was in the confidential employ of Mr. Weatherwax after their arrival here, and for some time managed a logging camp at Porter, for the Weatherwax Lumber Company. Arriving in this country when timber had no recognized value, Mr. France at once realized that the facilities for manufacturing lumber on Grays Harbor were bound to make standing timber valuable, and for many years he devoted his energies to bringing needed capital from the East to invest in the then almost worthless timber lands, and it is safe to say that no man in Chehalis county was more successful in that direction. The wide acquaintance of Mr. France in Michigan, and the high esteem in which he was there regarded, rendered his undertaking comparatively easy. From his arrival in Aberdeen, Mr. France was convinced that this was the site of a future large city, and in the dull times of the '90's his faith never wavered. To his untiring efforts, the building of the railroad into the north side of the city is largely due, and no measure to promote the progress of Aberdeen has ever failed to receive substantial aid from him. As receiver of the Aberdeen bank, Mr. France-as in all other positions of responsibility and trust-showed tact and capacity that saved the depositors of the institution many dollars. As mayor of Aberdeen, Eugene France will bring to the service of the city, the ripe experience of a man of affairs; a thorough knowledge of the needs, resources and possibilities of Aberdeen; an unimpeachable integrity, and an earnest desire to advance the best interests of his home city. His early foresight, hard work and frugality have placed him in a position of comparative wealth, leaving him absolutely free from any suspicion of seeking the office for selfish purposes. His well known ability to judge men confirms the belief of his friends that his appointments will be judicious ones, and that they will be made with no object but securing the best possible service for the city, is as certain as that he will be elected by the largest majority ever given a mayor in Aberdeen. DR. G. E. CHAMBERLAIN The nominee on the republican ticket has been a resident of Aberdeen less than two years. He bears the reputation of being an able physician and an educated, energetic citizen, which is borne out by the fact that he has already built up a lucrative practice here. He is a man of family and owns his home in the city, and, under some circumstances, it might be a pleasure to support the doctor for this office. But, when his knowledge of the needs, possibilities and requirements of Aberdeen is contrasted with that of Mr. France, the voter in his own and the city's interest, is compelled to decide in favor of the latter. The doctor is also handicapped by the tough element that is rallying so strenuously to his support, an element that has no interest in the city except to obtain special privileges to violate the laws. As is the case with several other candidates on this ticket, Dr. Chamberlain suffers from being in bad company, and it is generally believed by his friends that he, an ardent republican, was inveigled into accepting this nomination without a full knowledge of existing conditions.