Bank of Hamilton (Hamilton, WA)

Episode Information

Episode UID
2087773791295
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
208777379 hash
Start Date
November 1, 1907*
Location
Hamilton, Washington (48.521, -121.989)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ede6ad225b7de6ee

Response Measures

None

Description

Owners were criminally charged for embezzlement after the November suspension.

Events (1)
1. November 1, 1907* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Owners arrested for embezzlement; bank known to be insolvent with practically no assets
Newspaper Excerpt
the Bank of Hamilton, Skagit county, which suspended payment early in November last.
Source
newspapers

Newspaper Articles (3)
1. January 25, 1908 Lewiston Evening Teller Lewiston, ID
Article from Lewiston Evening Teller, January 25, 1908

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Article Text

BANKERS FACE PRISON FARE OWNERS OF SUSPENDED BANK ARRESTED ON CHARGES OF EMBEZZLEMENT AND RECEIVING FUNDS AFTER INSOLVENT BELLINNGHAM, Jan. 25.-Six informations were filed today by County Prosecutor Hurd against A. J. Schaffer and Jacob Youngblood, owners of the Bank of Hamilton, Skagit county, which suspended payment in November. Two informations charge larceny by embezzlement and four receipts of deposits after the bank was known to be insolvent. The men were arrested today. Hundreds of depositors are penniless as a result of the failure. There are practically no assets, and it Is alleged depositors will not receive a cent of their money.

2. January 27, 1908 The Seattle Star Seattle, WA
Article from The Seattle Star, January 27, 1908

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Article Text

BRIEFS BY WIRE Mrs. J. Norris, who killed her adopted son at North Yakima, has entered a plea of not guilty by reason of insanity. Her trial was set for January 30, Cruisers West Virginia, Mary. land, Colorado, Pennsylvania, Tennessee and Washington will all report at Bremerton for repairs during the next three months. New strikes continue to be made on the third beach at Nome. A. J. Schaffer and Jacob Youngblood. owners of the Bank of Hamilton, Skagit county, have been charged with lareeny by embezziement following the suspension of the bank early last November. Next September Lord Strath cona, Canadian high commissioner in England, will visit New Westminster. B. C. Ouida, the novelfst, died Saturday at Via Reggio, Italy, after a long illness. She died in most distressing poverty. Mrs. Mary Baker G. Eddy. head of the Christian Science church,

3. January 28, 1908 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, January 28, 1908

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Article Text

BANKERS MUST FACE EMBEZZLEMENT CHARGE. BELLINGHAM, Jan. 28.-Six informations were filed Saturday afternoon by County Prosecutor Hurd against A. J. Schaffer and Jacob Youngblood, owners of the Bank of Hamilton, Skagit county, which suspended payment early in November last. The informations charge larceny by embezzlement, and four the receipt of deposits after the bank was known to be insolvent. The men will be arrested today. The concern was the only bank in the upper Skagit valley and hundreds had all their ready cash on deposit with it and have been left absolutely penniless by the failure. The affairs of the bank are in bad shape, there being practically no assets. It is alleged that depositors will not receive a cent of their money.