19477. First National Bank (Vancouver, WA)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
3031
Charter Number
3031
Start Date
April 20, 1901
Location
Vancouver, Washington (45.639, -122.661)

Metadata

Model
gpt-5-mini
Short Digest
0a557bba6b7645d8

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1901-04-20
Date receivership terminated
1904-06-14
OCC cause of failure
Fraud
Share of assets assessed as good
55.0%
Share of assets assessed as doubtful
40.6%
Share of assets assessed as worthless
4.4%

Description

The First National Bank of Vancouver, WA was closed by the Comptroller of the Currency on/about 1901-04-20 after an Examiner discovered a shortage of about $81,000. Examiner J. W. Maxwell was placed in charge as temporary receiver; a permanent receiver was later appointed and the bank remained in receivership (dividends paid in 1901–1902). The evidence indicates a suspension followed by permanent closure/receivership due to officer embezzlement/speculation. No contemporaneous report of a depositor run is described in the articles.

Events (8)

1. August 15, 1883 Chartered
Source
historical_nic
2. April 20, 1901 Receivership
Source
historical_nic
3. April 20, 1901 Receivership
Newspaper Excerpt
Examiner Maxwell has been placed in charge as temporary receiver. ... the controller of the currency upon the recommendation of National Bank Examiner J. r W. Maxwell ... Examiner Maxwell is now in charge as receiver, temporarily, or (article notes).
Source
newspapers
4. April 20, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examiner Maxwell discovered a shortage of about $81,000 in the bank's accounts; much of the deficiency attributed to loans/advances to president Charles Brown and cashier E. L. Canby and speculation/embezzlement by officials.
Newspaper Excerpt
This bank is closed and in the hands of the comptroller of the currency, signed, J. W. Maxwell, Bank Examiner.
Source
newspapers
5. April 21, 1901 Other
Newspaper Excerpt
Charles Brown and E. L. Canby, president and cashier ... committed suicide last night two miles from this city by shooting themselves with revolvers.
Source
newspapers
6. June 20, 1901 Other
Newspaper Excerpt
A dividend of 50 per cent has been declared by Receiver Maxwell in favor of the depositors of the First National bank of Vancouver.
Source
newspapers
7. July 16, 1901 Other
Newspaper Excerpt
The Comptroller of the Currency yesterday appointed Dr. A. B. Eastham, of Vancouver, Wash., permanent receiver of the insolvent First National Bank of that city.
Source
newspapers
8. January 18, 1902 Other
Newspaper Excerpt
Receiver A. B. Eastham of the suspended First National bank of Vancouver commenced paying depositors today the second dividend declared since the bank's failure last May.
Source
newspapers

Newspaper Articles (18)

Article from Evening Star, April 20, 1901

Click image to open full size in new tab

Article Text

CLOSED BY THE CONTROLLER. Shortage Reported in Accounts of First National Bank of Vancouver. The doors of the First National Bank, Vancouver, Wash., were closed today under instructions from the controller of the currency upon the recommendation of National Bank Examiner J. r W. Maxwell and a report from him that during the course of his examination of the bank he had discovered a shortage of about $81,000. Examiner Maxwell has been placed in charge as temporary receiver. The following is a statement of the condition of the bank as shown by its last sworn report to the controller of the currency, under the date of February 5, 1901: Capital stock, $50,000; surplus and undivided profits. $9,874; circulation, $12.500; deposits, $230,973; total liabilities, $303,348; total resources, $303,348.


Article from The Morning Astorian, April 21, 1901

Click image to open full size in new tab

Article Text

National Examiner Finds $81,000 Missing. OFFICIALS ALSO DISAPPEAR Connty and City Lose Heavily-Receiver Appointed-Great Excitement in City Up the Columbia-Statement of Bank's Condition. VANCOUVER, Wash., April 20.-This city was thrown into a fever of excitement this morning by the report that the First National Bank had failed. The first intimation of the occurrence was the appearance of the following notice on the front door of the bank at the beginning of banking hours: "This bank is closed and in the hands of the comptroller of the currency," signed, "J. W. Maxwell, Bank Examiner." Nothing could be learned today relative to the financial condition of the concern as Bank Examiner Maxwell was not prepared to give out any statement. The heavy depositors in the bank are generally of the opinion that the failure was due to bad investments made by the officials of the bank during the past ten years and carried along as assets until discovered by the bank examiners. Charles Brown, the president, and E. L. Canby, the cashier, have both disappeared and their present whereabouts are unknown. The failure is a heavy blow to the town. There is scarcely a man of property in the city who is not affected directly or indirectly. The bank was established in 1883. It was a profitable institution many years, paying big dividends to the stockholders. E. L. Canby has been the cashier since its organization. Among the heaviest losers are the fol lowing: County Clerk Galther, eleven thousand dollars paid into court two weeks ago by the Oregon-Washington Railroad Co., as payment for right of way; John Cander, treasurer of Skamania county, ten thousand; E. M. Scanlonkan, treasurer of the city of Vancouver, thirtysix hundred.


Article from The Indianapolis Journal, April 22, 1901

Click image to open full size in new tab

Article Text

Sensational Outcome of the Closing of the National Bank of Vancouver, Wash., on Saturday. THERE IS A LARGE DEFICIT . MOSTLY REPRESENTED BY PERSONAL NOTES OF THE DEAD MEN. Admitted Their Guilt to the Bank Examiner-Condition and Ownership of the Institution. . VANCOUVER Wash., April 21.-Charles Brown and E. L. Canby, president and cashier, respectively, of the First National Bank of Vancouver, which was closed yesterday by the controller of the currency, committed suicide last night two miles from this city by shooting themselves with a revolver. Their bodies were found this morning lying together in a small clump of bushes about half a mile north of the Columbia school, which is situated on the outskirts of the town. They both used the same weapon and Canby evidently died first, as the revolver was in Brown's hand. It is evident that Canby put the muzzle of the revolver in his mouth and blew the top of his head off. Brown then took it and shot himself in exactly the same way, falling over Canby's body. The fact that Brown's bicycle and a number of articles belonging to Canby were found a short distance out of town last night led to the belief that the two bank officials had taken their lives. Early this morning a searching party started out, and after several hours' hunt the bodies were found in the clump of bushes. On Friday evening Canby upon being told by Bank Examiner Maxwell that the bank would not be permitted to open Saturday went out in the yard behind the bank and attempted to shoot himself. The revolver failed to explode, although all five chambers were loaded. After failing to shoot himself Canby came back into the bank and he and President Brown left together, taking his revolver. When Examiner Maxwell confronted the bank officials with the shortage of $81,000 which he had discovered both men admitted their guilt. It is stated that Brown and Canby had been speculating in stocks. Beside Brown's body there was found a package containing $25 and a note saying that the money belonged to his daughter. Upon Canby's body the following brief note was found: "My Dear Wife-I feel what I am about to do is for the best. Forgive me if you can and try to live for our dear children. NED." God bless you all. Good-bye. Brown, who was fifty-four years of age, had lived in Vancouver since 1862. His father was the first receiver of the Vancouver land office. He had served as auditor of Clark county, was married and had a family. His connection with the bank as its president dates back ten years. Canby was fifty-two years of age and was well connected. His wife was Miss Frances Burnside, daughter of an Oregon pioneer. A brother is a paymaster in the United States army. Another brother committed suicide by jumping off the wharf at Vancouver several years ago. While Bank Examiner Maxwell, who is now in charge as receiver, has made no official statement, it is known that the bank has loaned a large sum of money on insufficient security. According to his report to the controller of the currency there is a shortage of $81,000 in the bank's accounts, and it is understood that a considerable portion of this was loaned to Brown and Canby on their personal notes. About a year ago the bank reduced its capital stock from $100,000 to $50,000. At that time about one-half of the so-called bad assets was "charged off" and has been carried as an asset since that time. The heaviest stockholder is Col. Stephen 0 P. Joslyn, of the regular army, member of General Shafter's staff. His post was Vancouver when the bank was organized, and eye since that time he has been the (CONTINUED ON PAGE 5, COL. 4.)


Article from The Daily Morning Journal and Courier, April 22, 1901

Click image to open full size in new tab

Article Text

Then Went and Blew Their Heads OffTheir Bodies Found Together-Used the Same Revolver-One President and the Other Cashier of the Vancouver First National Bank. Vancouver, Wash., April 21.-Charles Brown and E. L. Canby, president and cashier, respectively, of the First National bank, of Vancouver, which was closed yesterday by the controller of the currency, committed suicide last night two miles from this city, by shooting themselves with revolvers. Their bodies were found this morning lying together in a small clump of bushes. Both used the same weapon and Canby evidently died first, as the revolver was found in Brown's hand. Each put the muzzle of the revolver in his mouth and blew the top of his head off. The fact that Brown's bicycle and an umbrella of Canby were found a short distance out of town last night, led to the belief that they had taken their lives. A searching party started out today and after several hours' search the bodies were found. Canby upon being told by Bank Examiner J. W. Maxwell, on Friday evening, that the bank would not be permitted to open Saturday went out in the yard behind the bank and attempted to shoot himself. His revolver failed to explode. After failing to shoot himself, Canby came back into the bank and he and President Brown left together, taking his revolver. When Examiner Maxwell confronted the bank officials with the shortage of $81,000 both men admitted their guilt. It is said that Brown and Canby had been speculating in stocks. Besides Brown's body there was found a package containing $25 and a note saying that the money belonged to his daughter. Upon Canby's body the following brief note was found: "My Dear Wife: I feel what I am about to do is for the best. Forgive me if you can and try to live for our dear children. God bless you all. Good bye. Ned. April 20." Brown, who was fifty years of age, has lived in Vancouver since 1866. Canby was fifty-two years of age and was well connected. A brother is paymaster in the United States army. Another brother committed suicide by jumping off the wharf at Vancouver several years ago. While Bank Examiner Maxwell, who is now in charge as receiver, has made no official statement, it is known that the bank has loaned a large sum of money on insufficient security. According to his report to the controller of the currency there is a shortage of $81,000 in the bank's accounts and it is understood that a considerable portion of this amount was loaned to Brown and Canby on their personal notes. About a year ago the bank reduced its capital stock from $100,000 to $50,000. At that time about one-half of the socalled bad assets were "charged off" and carried as an asset since that time. The heaviest stockholder is Colonel Stephen Joslyn, of the regular army, a member of Gen. Shafter's staff. Colonel Joslyn is stationed at San Francisco. He was stationed at Vancouver when the bank was organized in 1883 According to the last statement issued in February, the bank had deposits amounting to about $230,000.


Article from The Age-Herald, April 22, 1901

Click image to open full size in new tab

Article Text

SUICIDE IS COMMITTED BY TWO BANKERS President and Cashier Blow Out Their Brains MONEY HAD EMBEZZLED $81,000 Shortage Has Been Found on Books BANK WAS SUSPENDED SATURDAY Both Men Had Been Speculating in Stocks-They Were More Than Fifty Years of Age and Leave Families, Vancouver, Wash., April 21.-Charle Brown and E. L. Canby, president and cashier, respectively, of the First National Bank of this city, which was forced to suspend yesterday, committed suicide by shooting themselves two miles from here, and their bodies were found this morning. Besides Brown's body there was found a package containing $25,000 and a note saying that the money belonged to his daughter. Upon Canby the following note was found: "My Dear Wife:-I feel that what I am about to do is for the best. Forgive me if you can and (try to live for our dear children. God bless you all.-Ned, April 19." Brown was 54 years of age, and had lived In Vancouver since 1862. His father was the first receiver of the Vancouver land office. He has served as auditor of Clark County, is married, and has a family. His connection with the bank as its president dates back ten years. Canby was 52 years old and was well connected. His wife was a Miss Frances Burnside, daughter of an Oregon pioneer. He has a brother who is a paymaster in the United States army. Another brother committed suicide by jumping off the wharf at Vancouver several years ago. While bank examiner Maxwell, who is now in charge as receiver, has made no official statement. It is known that the bank has loaned a large sum of money on insufficient security. According to his report to the Comptroller of the Currency there is a shortage of $81,000 in the bank's accounts and it is understood that a considerable portion of this was loaned to Brown and Canby on their personal notes. About a year ago the bank reduced its capital stock from $100,000 to $50,000. At that time about one-half of the so-called bad assets were "charged off." According to the last statement issued in February the bank had deposits amounting to about $230,000. It is said both men had been speculating in stocks.


Article from The Savannah Morning News, April 22, 1901

Click image to open full size in new tab

Article Text

WITH SAME WEAPON DEFAULTING BANK OFFICIALS END THEIR LIVES. BOTH HAD ADMITTED GUILT. EACH WITH PISTOL IN MOUTH BLEW TOP OF HEAD OFF. Bank Examiner Maxwell's Statement of Their Shortage of $81,000 Proved Death Warrant of Prestdent Brown and Cashier Canby of Vancouver National Bank-Had Borrowed Large Amounts From the Bank on Their Personal Notes. Col. Stephen Joslyn. of Gen.Shafter's StRIf, the Bank's Heaviest Stockholder. Vancouver, Wash., April 21.-Charles Brown and E. L. Canby, president and cashier, respectively, of the First National Bank of this city, which was forced to suspend yesterday, committeed suicide last night two miles from here. Their bodies were found this morning. Both used the same weapon and Canby evidently died first as the revolver was found in Brown's hand. Each put the muzzle of the revolver in his mouth and blew the top of his head off. Canby, upon being told by Bank Examiner J. W. Maxwell on Friday evening that the bank would not be permitted to open Saturday. went out in the yard behind the bank and attempted to shoot himself. His revolver failed to explode. Canby came back into the bank and he and President Brown left together, taking a revolver with them. When Examiner Maxwell confronted the bank officials with the shortage of $81,000 both men admitted their guilt. It is said that Brown and Canby had been speculating in stocks. Beside Brown's body there was a package containing $25 and a note saying that the money belonged to his daughter. Upon Canby's body the following brief note was found: "My dear Wife: I feel what I am about to do is for the best. Forgive me if you can and try to live for our dear children. Ned. God bless you all. Good-byeApril 19." Brown, who was 54 years of age, has lived in Vancouver since 1862. Canby was 52 years of Age, and was well connected. A brother is a paymaster in the United States army. Another brother committed sΓΊicide by jumping off the wharf at Vancouver several years ago. While Bank Examiner Maxwell, who is now in charge as receiver, has made no official statement, it is known that the bank has loaned a large sum of money on insufficient securities. According to his report to the controller of the currency there is a shortage of $81,000 in the bank's accounts, and it is understood that a considerable portion of this amount was loaned to Brown and Canby on their personal notes. About a year ago the bank reduced its capital stock from $100,000 to $50,000. At that time about onehalf of the so-called bad assets were "charged off" and have not been carried as an asset since that time. The heaviest stockholder of the bank is Col. Stephen Josiyn of the regular army, a member of Gen. Shafter's staff. According to the last statement, issued in February, the bank had deposits amounting to about $230,000.


Article from Daily Kennebec Journal, April 22, 1901

Click image to open full size in new tab

Article Text

THE SAME REVOLVER Used by President and Cashier in Committing Suicide. They Wreck the First National Bank of Vancouver, Wash., And Unable to Stand the Disgrace End Their Lives Together. Vancouver, Wash, April 21.-Charles Brown and E. L. Canby, president and cashier respectively of the First National Bank of Vancouver, which was closed, yesterday, by the comptroller of the currency, committed suielde, last night, two miles from this city, by shooting themselves with a revolver. Their bodies were found, this morning, lying together in a small clump of


Article from New-York Tribune, April 22, 1901

Click image to open full size in new tab

Article Text

SUICIDE OF BANK OFFICERS PRESIDENT AND CASHIER OF WRECKED VANCOUVER BANK BLOW OUT THEIR BRAINS. Vancouver, Wash., April 21.-Charles Brown and E. L. Canby, president and cashier, respectively, of the First National Bank of Vancouver, which was closed yesterday by the Controller of the Currency, committed suicide last night two miles from this city, by shooting themselves with revolvers. Their bodies were found this morning lying together in a small clump of bushes. Both used the same weapon, and Canby evidently died first, as the revolver was found in Brown's hand. Each put the muzzle of the revolver in his mouth and blew the top of his head off. The fact that Brown's bicycle and an umbrella of Canby were found a short distance out of town last night led to the belief that they had taken their lives. A searching party started out to-day, and after several hours the bodies were found. Canby upon being told by Bank Examiner J. W. Maxwell on Friday evening that the bank would not be permitted to open on Saturday went out in the yard behind the bank and attempted to shoot himself. His revolver failed to go off. After failing to shoot himself Canby came back into the bank, and he and President Brown went away together, taking his revolver. When Examiner Maxwell confronted the bank officials with the shortage of $81,000 both men admitted their guilt. It is said that Brown and Canby had been speculating in stocks. Beside Brown's body there was found a package containing $25 and a note saying that the money belonged to his daughter. Upon Canby's body the following brief note was found: My Dear Wife: I feel what I am about to do is for the best. Forgive me if you can. and try to live for our dear children. God bless you all. Goodby.-Ned, April 19. Brown, who was fifty-four years old, had lived in Vancouver since 1862. Canby was fifty-two years old, and was well connected. A brother is a paymaster in the United States Army. Another brother committed suicide by jumping off the wharf at Vancouver several years ago. While Bank Examiner Maxwell, who is now in charge as receiver, has made no official statement. it is known that the bank has loaned a large sum of money on insufficient security. According to his report to the Controller of the Currency there is a shortage of $81,000 in the bank's accounts, and it is understood that a considerable portion of this amount was loaned to Brown and Canby on their personal notes. About a year ago the bank reduced its capital stock from $100,000 to $50,000. At that time about one-half of the so-called bad assets were "charged off." and has been carried as an sset since that time. The heaviest stockholder is Colonel Stephen M. Joslyn, of the Regular Army, a member of General Shafter's staff. Colonel Joslyn is stationed at San Francisco. He was stationed at Vancouver when the bank was organized, in 1883, and ever since that time he has been the heaviest stockholder. According to the last statement, issued in February, the bank had deposits amounting to about $230,000.


Article from The Topeka State Journal, April 22, 1901

Click image to open full size in new tab

Article Text

DIED TOGETHER. Defaulting Bank Officials Confess and Commit Suicide. Each Blows the Top of His Own Head Off. Vancouver, Wash., April 22.-Charles Brown and F. L. Canby, president and cashier, respectively, of the First National bank, of Vancouver, which was closed Saturday by the comptroller of the currency, committed suicide two miles from this city by shooting themselves with a revolver. The bodies were found lying together in a small clump of bushes about one-half mile north of the Columbia school, which is situated on the outskirts of the town. They both used the same weapon and Canby evidently died first, as the revolver was found in Brown's hand. It is evident that Canby put the muzzle of the revolver in his mouth and then blew the top of his head off. Brown then took it and shot himself in exactly the same way, falling over Canby's body. The fact that Brown's bicycle and an umbrella belonging to Canby were found a short distance out of town led to the belief that the two bank officials had taken their lives. Early this morning a searching party started out and after several hours' hunt the bodies were found in the clump of bushes. Friday evening, Canby, upon being told by Bank Examiner J. W. Maxwell that the bank would not be permitted to open Saturday, went out in the yard behind the bank and attempted to shoot himself. His revolver failed to explode, although all five chahbers were loaded. After failing to shoot himself, Canby came back into the bank and he and President Brown left together later, taking his revolver. When Examiner Maxwell confronted the bank officials with the shortage of $81,000 which he had discovered, both men admitted their guilt. It is said that both Brown and Canby had been speculating in stocks. Beside Brown's body there was found a package containing $25 and a note saying that the money belonged to his daughter. Upon Canby's body the following brief note was found: "My Dear Wife: I feel what I am about to do is for the best. Forgive me if you can and try to live for our dear children. God bless you all. Good-by. "NED. "April 19." Brown who was 54 years old, has lived in Vancouver since 1862. His connection with the bank as its president dated back ten years. Canby was 52 years old and was well connected. He has a brother, who is a paymaster in the United States army. Another brother committed suicide by jumping off the wharf at Vancouver several years ago. While Bank Examiner Maxwell (now in charge as receiver) has made no official statement.it is known that the bank has loaned a large sum of money on insufficient security. According to his report to the comptroller of the currency, there is a shortage of $81,000 in the bank's accounts, and it is understood that a considerable portion of this amount was loaned to Brown and Canby on their personal notes. From the condition of the bodies and other circumstances it is almost certain that suicides occurred between 7 and 8 o'clock Friday evening. Two pistol shots coming from the direction of where the bodies were found were heard at that hour by L. B. Rand, who lives a quarter of a mile distant. Following the arrival of the United States district attorney, Wilson R. Gay, last night, a warrant was issued by Judge Miller, of the superior court, charging Brown and Canby with the embezzlement of $10,000 of the funds of the bank on January 18, 1901. The complaint contains four charges of embezzlement and misapplication of the funds of the bank, falsifying the books of the bank and issuing false reports of the bank's condition to the controller of the currency. The temporary receiver of the bank, still refuses to give out any statement of the affairs of the bank. Both Brown and Canby when confronted Friday by Maxwell with false entries in the books, made a full confession, Canby remarking: "Well, you have caught me this time, Mexwell: that is a false entry. Then, picking up a pistol from the counter he remarked, as he held the muzzle toward his head: "This is the only sure way out of the difficulty.' Maxwell remonstrated with him against his apparent suicidal intent. Canby lowered the weapon and left the room by the rear door. It is believed while outside he attempted to kill himself, as on returning he threw down the pistol, remarking: "The gun is no good and will not go off." In answer to an inquiry from Maxwell if he was implicated in the criminal entry, Brown replied: "Yes, I am equally guilty." District Attorney Gay stated today that there is evidence that the criminal acts of the two officials cover a period of several years, and only by a thorough investigation of the books can their full extent be known.


Article from Rock Island Argus, April 22, 1901

Click image to open full size in new tab

Article Text

TELEGRAPH BRIEFS. Thomas R. Hinds, of Butte, Mont., was awarded $231,116.30 for acting as receiver and counsel for five days for the Boston and Montana Mining company. Senator Frye, who has been to San Domingo. says the people there do not love us. The aing of Saxony opened the International Art exposition at Dresden Saturday. The census returns show a total of 760,329 population in Glasgow, an increase in a decade of 194,615. John I. Sabin is reported to be perfecting in New York'a $90,000.000 telephone combine that shall control the chief companies in the country. Dr. Joseph Muir, American consul general at Stockholm, lost $10,000 playing poker with sharpers while crossing the ΠΎΠ²Π΅Π°ΠΈ. The First National bank of Vancouver, Wash., is closed, owing depositors about $200,000. President Hill. of the Great Northern railway, went from Seattle to St. Paul in a special train in forty-five hours and fifty minutes. al Kansas City carpenter, threatened with arrest for bigamy. made peace with both wives, placating one by securing for her another husband. Captain Garnett Ripley was acquitted at Frankfort, Ky., of complicity in the assassination of William Goebel. The peace of Europe is imperiled by conditions in the Balkans, now rapidly nearing a crisis. Dr., W. C. Browning, who attended Chris L. Magee of Pittsburg in his last illness. has presented a bill against the estate for $190,000.


Article from The San Juan Islander, April 25, 1901

Click image to open full size in new tab

Article Text

NEWS OF THE WEEK From All Parts of the New World and the Old. OF INTEREST TO OUR MANY READERS Comprehensive Review of the Important Hap penings of the Past Week in a Condensed Form. Rear Admiral Schley has arrived at Rio Janiero. Chinese rebels again attacked the Manchurian railway. All danger from the recent great storm in the Ohio valley has passed. United States officers have begun a war on the Chinese slave trade in San Francisco The Philippine tariff is not likely to be promulgated until insular cases are decided Joseph Hume, the pioneer salmon packer of the Pacific coast, is dead at Berkeley, Cal. The people of Santo Domingo will have nothing to do with annexation to the United States. Province of Leyte has been created in the Philippines and American officers placed in control. Leading stove manufacturers will form combine for mutual benefit in the way of freight rates, etc. Manufacturers of mining machinery will combine to protect themselves against the Westinghouse Company. The Corean government has decided to borrow from France 5,000,000 yen for the purpose of constructing railway. Charles Brown, president, and E. I. Canby, cashier, of the suspended First National Bank of Vancouver, committed suicide. A rock was thrown through the window of a car on the PortlandAstoria train. Several passengers narrowly escaped injury. The Twenty-sixth regiment, which arrived in San Francisco on the transport Garonne, has landed and gone into camp at the Presidio. The German riechstag has passed a bill which prolongs authors' rights on dramatic and musical productions from 30 to 50 years. An attempt was made to poison a prisoner in the county jail at Denver, Col. An apple pie and some cheese were left at the jail by an unknown person for the prisoner. Examination revealed the fact that both contained great quantity of arsenic and other poisons, Another rebel force in Marinduque has surrendered, Cebu, Philippine Islands, has not yet been pacified. An English company is building railway across Mexico. Prospectors at Nome were starting for the hills in January. The steamer Ramona blew up near Victoria, B. C., and four people were killed. General Milner makes a discouraging report on conditions in South Africa, The transport Lawton has reached San Francisco and the Garonne was reporte at Honolulu. Rockhill's plan for the abolishment of the Tsung li Yamun was accepted by the ministers at Pekin. The treasury department purchased $350,000 of short term 4 per cent bonds at the rate of 113.55. A blizzard in southwestern Missouri has done great damage to property. Practically all outside business has been suspended. Ritter, who killed Clara at Ill., with a mer, Cheek Martin because Nashville, hamshe refused to marry him, has been captured. Dr. Rupert Blue, United States marine surgeon, on duty at Milwaukee. has been ordered to proceed without delay to San Francisco. Alonzo J. Whitman, formerly state a bad was passing senator to two from Minnesota, check, convicted sentenced of and a half years' imprisonment. Fire at Birmingham, Ala., destroyed street car barn, containing the Third and half a of 35 and cottages cars the parsonage adjoining. Presbyterian Loss, $75,000. church block Iron signed a contract with navy Francisco The department Union Works of San the for the construction protected Milwaukee. to have 22 knots to in three and to cr st of finished She the is cruiser years, speed, be $2,825,000. Work on a target to cost about $50,000 will be at the shortly. The relative of the navy Gathmann is lar army test yard the 12 torpedo begun gun strength and target, Brooklyn which regu- the inch rifle, will duplicate section of the battleship Iowa. or There are 120 different languages in the postoffice is to obviate the of ing The dialects plans department Philippines. necessity mak rehandling York, European mails at New Autograph letters of famous men rarer in the than men of with their names, now. will often with themselves be Great far signing today future content written rubber stamps, to type documents, and it will be much sentiment hard written to get from type manuscripts.


Article from Corvallis Gazette, April 26, 1901

Click image to open full size in new tab

Article Text

From All Parts of the New World and the Old. OF INTEREST TO OUR MANY READERS Comprehensive Review of the Important Hap penings of the Past Week in a Condensed Form. Vesuvius is again alive. The worst of the Ohio flood is over. There is renewed military activity in, Manchuria. Measles have broken out on the transport Buford. A Nebraska colony wishes to buy 50,000 acres in Oregon. A man was frozen to death in the streets of Huntsville, Tenn. The failure of the Vancouver bank is still shrouded in mystery. a Fred Rummel met death under snow slide in Eastern rOegon. The loss at Pittsburg, during the recent storm, is placed at $2,000,000. The Berlin police are watching anarchists who conspired against the emperor. An express train on the Choctaw road was held up and robbed in Arkansas. The Ohio river continues to rise, but it is thought no serious damage will result. Aguinaldo considers American SOVereignty preferable to native independence. Billy Smith, an American, was probably fatally injured in a London prizefight. The American rowing crews were very grudgingly welcomed on their arrival in England. Cold weather continues in Tennessee. Many orchards are ruined by the weight of snow on the trees. The leader of the Colombian rebels has agreed to end the revolution, and peace will soon be proclaimed. The English people are getting tired of the war with the Boers, and the taxpayers are beginning to grumble at the little progress being made. Rear Admiral Schley has arrived at Rio Janiero. Chinese rebels again attacked the Manchurian railway. All danger from the recent great storm in the Ohio valley has passed. United States officers have begun a war on the Chinese slave trade in San Francisco. The Philippine tariff is not likely 16 be promulgated until insular cases are decided. Joseph Hume, the pioneer salmon packer of the Pacific coast, is dead at Berkeley, Cal. The people of Santo Domingo will have nothing to do with annexation to the United States. Province of Leyte has been created in the Philippines and American officers placed in control. Leading stove manufacturers will form a combine for mutual benefit in the way of freight rates, etc. Manufacturers of mining machinery will combine to protect themselves against the Westinghouse Company. The Corean government has decided to borrow from France 5,000,000 yen for the purpose of constructing a railway. Charles Brown, president, and E. L. Canby, cashier, of the suspended First National Bank of Vancouver, committed suicide. A rock was thrown through the window of a car on the PortlandAstoria train. Several passengers narrowly escaped injury. The Twenty-sixth regiment, which arrived in San Francisco on the transport Garonne, has landed and gone into camp at the Presidio. The German riechstag has passed a bill which prolongs authors' rights on dramatic and musical productions from 30 to 50 years. a An attempt was made to poison prisoner in the county jail at Denver, Col. An apple pie and some cheese were left at the jail by an unknown person for the prisoner. Examination revealed the fact that both contained a great quantity of arsenic and other poisons. Another rebel force in Marinduque has surrendered. Cebu, Philippine islands, has not yet been pacified. An English company is building a railway across Mexico. Prospectors at Nome were starting for the hills in January. The steamer Ramona blew up near Victoria, B. C., and four people were killed. General Milner makes a discouraging report on conditions in South Africa. There are 120 different languages or dialects in the Philippines. The postoffice department is making plans to obviate the necessity of rehandling European mails at New York. Autograph letters of famous men will be far rarer in the future than now. Great men of today content themselves with signing their names, often with rubber stamps, to typewritten documents, and it will be hard to get much sentiment from type written manuscripts.


Article from The Daily Morning Alaskan, May 4, 1901

Click image to open full size in new tab

Article Text

NEW DEPARTURE THIS When a bank goes under because of the crooked metions of those in charge. it is usual to let the stockholders and depositors walk the floor. The guilty officials as a rule, hire some shrewd lawyers to keep them out of prison on technicalities or by confus ing the minds of the jurors as to whether the men accused are deserving of a vote of thanks because they left the bank vault behind. The cases of the president and the cashier of the bursted First National bank of Vancouver, Washington, have instituted a radical departure from es tablished customs On Saturday the bank was forced to suspend. On Sunday their bodies were found a few miles from town. They had committed sui cide during the night-anyhow that is the reasonable deduction from the cir cumstances and surroundings. It shows a feeling for the unfortun ate depositors and stockholders which is unusual. As a rule the people who suffer are about the last to receive any thought from those who make them suffer.


Article from Evening Journal, May 15, 1901

Click image to open full size in new tab

Article Text

MANY BANK DEFALCATIONS DUE TO BOOM IN STOCKS Washington, May 15.-The recent epidemic of bank defalcations is chargeable by Treasury Department officiais to the speculative boom that has been agilating the country. Since the stock market began to go up no less than seven cases of defaulting bank officials have come to light, in four of which the banks concerned have been forced to suspend. It is expected, too, that the crash of last week has involved others which have not been heard from. The cases are: The First National Bank, of Niles., Mich., whose cashier, Johnson, took about $100,000, which he lost in "bucket shop" speculation; Lemars National Bank. of Lemars, O., which was forced to close its doors because of a speculating vice-president; Farmers' National Bank, of Vergennes Vt., which was wrecked by the defalcation of Cashier Lewis, amounting to more than $100,000; First National Bank of Vancouver, Wash., whose cashier, Canby, lost $81,000 in speculation, wrecking the bank, and then committing suicide, along with President Brown, of the same institution; in the First National Bank of Birmingham, at Pittsburg, A. J. Schroth, who was in charge of the individual ledger, ran through $35,000 belonging to the bank before he was detected; in the Third National Bark of Pittsburg, Bookkeeper Siedel was found to be short $36,000. Both of these last named banks are strong institutions, and neither was weakened seriously by the losses. The latest case is that of Teller Flower. of the Hibernian National Bank, of New Orleans, who nas been arrested, charged with a shortage of $36,000. He states that his downfall is due to speculation on the New York Stock Exchange. The bank is sound and will recover most of the money from the teller's bondsmen.


Article from The Billings Gazette, May 17, 1901

Click image to open full size in new tab

Article Text

SOME WERE CAUGHT. It would, indeed, have been remarkable had not some of the banks of the country been caught in the maelstrom of last week through the mistaken notion of their officials that they were safe in using the funds entrusted to them for the purpose of increasing their private fortunes by taking a "flyer" on the exchange. Since the excitement has aied out seven officials of national banks have been found out as having "gone wrong," according to reports from Washington. While all the details have not been learned as to what the officials did with the money they took, it is the opinion at the office of the comptroller of the currency that in every case speculation in some form is responsible* for the shortage. Four of the banks have been compelled to suspend. With the exception of one case, all the defalcations came to light while the bull boom in stocks was on, when many of the speculators were making money and apparently believing that there was no end to the advance in prices. The comptroiler's office believes that others will be heard of, cases where some of the officers or employes of the banks used funds illegally. The affected banks are scattered over a large area of the country, showing that the fever for suddenly getting rich was not peculiar to any one section. As shown by the figures obtainable the total of the seven shortages is $438,000. Of this shortage the largest amount IS charged up to the Farmers' National bank of Vergennes, Vermont, which is reported to have a discrepancy of $150,000. Away up in Washington state a bank, the First National of Vancouver, is behind $81,000. Of course, none of the men responsible for the shortages intended to steal the money. They expected to use it for a few days only, until they could unload, and then make good without anybody knowing the least concerning the transaction. They were simply weak men, who could not resist the temptation to gamble, a weakness with which many Americans, unfortunately, are affected, and who are every ready to grasp at the illusive opportunities presented on the stock exchanges to suddenly and easily grow wealthy, not having the patience or ability to accumulate riches in the legitimate way.


Article from The Kalispell Bee, June 20, 1901

Click image to open full size in new tab

Article Text

GET THEIR MONEY BACK. By Associated Press: Van Couver, Wash., June 20.-A dividend of 50 per cent has been declared by Receiver Maxwell in favor of the depositors of the First National bank of Vancouver.


Article from The Washington Times, July 17, 1901

Click image to open full size in new tab

Article Text

A Permanent Receiver Named. The Comptroller of the Currency yesterday appointed Dr. A. B. Eastham, of Vancouver, Wash., permanent receiver of the insolvent First National Bank of that city. The president and cashier of this bark recently committed suicide. since which time the affairs of the institution have been in the hands of Bank Examiner Maxwell, temporarily.


Article from The Salt Lake Herald, January 19, 1902

Click image to open full size in new tab

Article Text

Defunct Bank Paying Depositors. Vancouver, Wash., Jan. 18.-Receiver A. B. Eastham of the suspended First National bank of Vancouver commenced paying depositors today the second dividend declared since the bank's failure last May. The dividend amounts to 25 per cent. The first dividend paid was 50 per cent, thus leaving but 25 per cent of the deposits unpaid,