22107. Aberdeen Bank (Aberdeen, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 26, 1894
Location
Aberdeen, Washington (46.975, -123.816)

Metadata

Model
gpt-5-mini
Short Digest
a4217c25

Response Measures

None

Description

The bank was accused of embezzlement, was closed (did not open after Nov 26, 1894), and a receiver was appointed in early December 1894. The institution remained in receivership and was liquidated over several years (final distributions noted in 1900), so this is a suspension that led to permanent closure/receivership. OCR-corrections: minor (e.g., 'embezzlement' corrected; 'Eiston' likely 'E. France' referenced with receiver France).

Events (7)
1. November 26, 1894 Other
Newspaper Excerpt
When County Treasurer Lewis ... drew a check for $3,200 ... they presented the check, but dilatory tactics were pursued by Cashier Thomas ... payment was flatly refused, and they were told to wait until morning. ... Sheriff Graham arrived with the warrants and arrested Book and Thomas. (Article 1/2).
Source
newspapers
2. November 26, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Complaint filed accusing ex-president W. P. Book and manager G. S. Thomas of embezzlement and misappropriation; lack of confidence and refusal to pay presented county check; arrests of Book and Thomas; bank did not open following these revelations and actions by authorities.
Newspaper Excerpt
It is generally understood that the bank will not open tomorrow.
Source
newspapers
3. December 5, 1894 Other
Newspaper Excerpt
The Aberdeen Bank Failure. Assignees France and Eiston are still in charge of the closed Aberdeen bank, but a faction ... is working for their removal and the appointment of a receiver instead. (Article 3).
Source
newspapers
4. December 6, 1894 Receivership
Newspaper Excerpt
James P. Carson ... was appointed this afternoon ... to be receiver of the suspended Aberdeen bank. Receiver Carson assumes control tomorrow morning. (Article 4).
Source
newspapers
5. December 30, 1894 Other
Newspaper Excerpt
Dr. W. P. Book, President of the suspended Aberdeen (Wash.) Bank, was arrested here tonight on a charge of perjuring himself. (Articles 5-11).
Source
newspapers
6. May 13, 1896 Other
Newspaper Excerpt
The receivers of the Aberdeen bank, have wiped out over $30,000 of the bank's indebtedness, leaving only about $4,000 more to pay off. (Article 14).
Source
newspapers
7. August 14, 1900 Other
Newspaper Excerpt
Defunct Aberdeen Bank will Pay in Full and Have Surplus ... The bank went into the hands of a receiver nearly six years ago ... All indebtedness has been paid, and there will remain a dividend of about 10 per cent. to the stockholders. (Article 18).
Source
newspapers

Newspaper Articles (19)
1. November 27, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 27, 1894

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Article Text

Manager and a Stockholder Accused of Embezzlement. THE COUNTY MONEY TIED UP. Failure of an Attempt to Count Suohomish County Seat Vote. The Tacoma Water Swindle Likely to Be Thoroughly Investigated-Sulcide of a Girl at Latah-Woman Drowned at New Westminster-Wardner Strike. ABERDEEN, Nov. 26.-(Special.]-Today Charles Wappenstein, a prominent stockholder in the Aberdeen bank, filed a complaint in the superior court of this county, at Montesano, charging W. P. Book, expresident and principal stockholder in the Aberdeen bank, and G.S. Thomas, manager of the same concern, with embezziement and misappropriation of the bank's money. Mr. Wappenstein also asked that a receiver be appointed for the bank. When County Treasurer Lewis, at Montesano, heard of these proceedings, he had several thousand dollars of county funds deposited in the Aberdeen bank, and to protect them drew a check for $3,200 in favor of the Bank of Montesano, with instructions to collect at once, President Carr and Cashier Lamb, of that institution, started at once for this city car at 1 by ahead hand of the warrants, to present reaching their here check p.m. They presented the check, but dilatory tactics were pursued by Cashier Thomas, who stood them off until closing time, when payment was flatly refused, and they were told to wait until morning. At o'clock this evening Sheriff Graham arrived with the warrants and arrested Book and Thomas. It is generally understood that the bank will not open tomorrow. The Aberdeen bank is the oldest on Gray's harbor, and was organized in 1887 with a capital stock of $50,000. A. J. Kroenert is president and W. P. Book, C. F. White, A. J. Kroenert and G. S. Thomas are directors. There has been a lack of confidence in the condern for a long time, owing to rumors now shaping into facts. So this move does not occasion great surprise. The deposits are not known, but they are not heavy. It is generally considered that, if a receiver takes hold, a proper handling of the assets will satisfy all liabilities.

2. November 30, 1894 The Mason County Journal Shelton, WA
Article from The Mason County Journal, November 30, 1894

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Article Text

Aberdeen Bank Shut. ABERDEEN, Nov. 26.-Today Charles Wappenstein, a prominent stockholder in the Aberdeen bank, filed a complaintin the superior court of this county, at Montesano, charging W. P. Book, ex-president and principal stockholder in the Aberdeen bank, and G.S. Thomas, manager of the same concern, with embezzlement and misappropriation of the bank's money. Mr. Wappenstein also asked that a receiver be appointed for the bank. When county Treasurer Lewis at Montesano, heard of these proceedings he had several thousand dollars of county funds deposited in the Aberdeen bank and to protect them drew a check for $3,200 in favor of the Bank of Montesano, with instructions to collect at once. President Carr and Cashier Lamb, of that institution, started at once for this city by hand car to present their check ahead of the warrants, reaching here at 1 p. m. They presented the check, but dilatory tactics were pursued by Cashier Thomas, who stood them off until closing time, when payment was flatly refused, and they were told to wait until morning. At 5 o'clock this evening Sheriff Graham arrived with the warrants and arrested Book and Thomas. It is generally understood that the bank will not open tomorrow. The Aberdeen bank is the oldest on Gray's harbor, and was organized in 1887 with a capital stock of $50,000. A. J. Kroenert is president and W. P. Book, C. F. White, A. J. Kroenert and G. S. Thomas are directors. There has been a lack of confidence in the concern for a long time owing to rumors now shaping into facts. So this move does not occasion great surprise. The deposits are not heavy. It is generally considered that, if a receiver takes hold, a proper handling of the assets will satisfy all liabilities.-P.-I.

3. December 6, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 6, 1894

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Article Text

The Aberdeen Bank Failure. ABERDEEN, Dec. 5.-[Special.]-Assignees France and Eiston are still in charge of the closed Aberdeen bank, but a faction bitterly opposed to the late management, by whom the present assignees were named, is working for their removal and the appointment of a receiver instead. Today their application to the superior court for & receiver comes up for hearing, and the result is awaited with much interest.

4. December 7, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 7, 1894

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Article Text

Receiver of the Aberdeen Bank. ABERDEES, Dec. 6.-[Special.-James P. Carson, late cashier of the First National bank of Montesano, which institution surrendered its charter several months ago, was appointed this afternoon, by Superior Judge Irwin, to be receiver of the suspended Aberdeen bank. His bond as receiver is $25,000. The bond is being signed tonight. Receiver Carson assumes control tomorrow morning. He is an experienced banker, with a splendid reputation, and will wind up the affairs of this bank in the most approved fashion.

5. December 31, 1894 The Record-Union Sacramento, CA
Article from The Record-Union, December 31, 1894

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Article Text

A Bank President Arrested. SEATTLE, Dec. 30.-Dr. W. P. Book, President of the suspended Aberdeen (Wash.) Bank, was arrested here to-night on a charge of perjuring himself. It is claimed that Book's personal property was listed to the County Assessor as the bank's property, and that the bank thus paid taxes on Book's property.

6. December 31, 1894 The Herald Los Angeles, CA
Article from The Herald, December 31, 1894

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Article Text

A Banker Arrested. SEATTLE. Wn., Dec. 30-Dr. W. P. Book, president of the suspended Aberdeen, Wn., bank, was arreated here tonight on a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

7. December 31, 1894 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 31, 1894

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Article Text

Arrested for Perjury, SEATTLE, Wash., Dec. 31.-Dr. W P. Book, president of the suspended Aberdeen, Wash., bank, has been arrested on a charge 01 perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

8. January 1, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 1, 1895

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Article Text

Book's Great Scheme. SEATTLE, Wash., Dec. 31.-Dr. W.P. Book, president of the suspended Aberdeen, Wash., bank, has been arrested upon a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

9. January 2, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, January 2, 1895

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Article Text

Bank President Arrested. SEATTLE, Wash., Jan. 1.-Dr. W. P. Book, president of the suspended Aberdeen (Wash.) bank, has been arrested upon a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

10. January 4, 1895 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, January 4, 1895

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Article Text

Bank President Arrested. SEATTLE, Wash., Jan. 1.-Dr. W.P. Book, president of the suspended Aberdeen (Wash.) bank, has been arrested upon a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

11. January 12, 1895 The Washington Bee Washington, DC
Article from The Washington Bee, January 12, 1895

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Article Text

Arrested for Perjury. Seattle, Wash., Dec. 31.-Dr. W. P. Brooke, president of the suspended Aberdeen (Wash.) bank, has been arrested, charged with perjury. It is claimed that his personal property is listed with the assessor as the bank's property and that the bank paid the taxes.

12. April 18, 1895 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, April 18, 1895

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Article Text

SUPERIOR COURT PROCEEDINGS. April 12, 15 and 16: In re guardianship of Eaton heirsContinued to April 19. Sarah J Veeder VS Joseph WoodsDismissed as to Florence Woods, and decree of foreclosure granted as to the balance. B F Johnston, trustee, etc, vs John Landers et al, garnishee of E C Finch-Judgment in favor of Johnston granted. Aberdeen Bank VS Its Creditors-Order allowing the receivers to bring certain suits granted. John G Lewis vs Aberdeen BankTrust deed sued on in the complaint declared a mortgage and judgment of foreclosure granted. In re insanity of Andy Marsh-Witnesses sworn and said Marsh ordered taken to the asylum for the insane. NEW CASES FILED. State of Washington VS C T WoodingPerjury. Margaret E Langdell VS Andrew Stuessy et al-Foreclosure of mortgage. Nancy A. Carl VS W A Anderson et al -Rights of property. Francisco Cradl VS Hogan & McGerry et al-Rights of property. State of Washington VS B P ShepardLarceny by embezzlement. J P Carson and E France, receivers, vs D G Haight et ux-Suit on promissory note. .) P Carson and E France, receivers, ys Joseph Clyde, sr, et ux-Foreclosure of mortgage. Charles Keil VS Jabez A Culver-Debt.

13. October 24, 1895 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, October 24, 1895

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From Montesano Vidette: Messrs. Carson and France, receivers of the Aberdeen Bank, have been allowed by the court to give notice that all claims must be filed on or before November 14, or payment will be refused. It is not probable that the Bank of Montesano will start a branch of that institution in Elma, as it is thought that it cannot be done without incorporating, which would not be a paying proposition at present. Quite a number of witnesses and jurors who had appeared in justice courts in state cases, were disappointed in not having their claims allowed at the last session of the commissioners' court. Under the law now they must make a sworn statement of their claims before the justice before whom the case is tried, before they can be acted upon by the board of commissioners. A car load of Chinese were taken to the harbor, Wednesday, to operate the cannery near Cosmopolis. The cannery has not been operated before on account of a strike of the fishermen, who refused to accept an offer of 10 cents for silversides and 20 cents for chinooks. The matter has been settled by an offer of 13 cents for silversides and 25 for chinooks. From a remark made by the manager of the cannery to the fishermen it is inferred that dog salmon will be put up again labelied "Grays Harbor Salmon," while the better varieties will bear the Columbia river label. This injustice to Grays harbor should receive attention at the hands of our people, and the practice stopped at once.

14. May 13, 1896 Elmore Bulletin Rocky Bar, Mountain Home, ID
Article from Elmore Bulletin, May 13, 1896

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Washington. There is much inquiry throughout the Yakima country for beef cattle. Seattle has contracted for the feeding of city prisoners at 9_cents a meal. Many small thefts have been committed at social entertainments in Olympia recently. The eighth annual session of the state grange of the Patrons of Husbandry will convene in Vancouver June 2. At least 200 people have passed through Pomeroy, on the way to Northern Idaho this year. Many of them come from southern Idaho. The receivers of the I - Aberdeen bank, have wiped out over $30,000 of the bank's indebtedness, leaving only about $4,000 more to pay off. The contract for keeping "the county poor of Walla Walla has been awarded to L. L. Hunt, for $1,700. The poor will now be housed at Lakeside. The total receipts of the Spokane city water works for the three months of 1895 were $14,038.40, and in 1896,

15. July 16, 1896 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, July 16, 1896

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FROM QUINIAULT. J. H. Fletcher is again upon his claim. R. M. Locke, of Montesano, is here at present. Miss Hulda Olson is visiting relatives and friends at this place. Messrs. Farquhar, Carter and Collins were here Saturday night. Three locations were made near here by Ocosta men last week. A. V. Higley and son were at the Agency for a load of goods last week. Mt. Baldy is to be climbed by a party from here the latter part of the week. July 4th was a lovely day, and everyone present at the celebration had a good time. The Queets mail service has been increased to three mails a week after July 15th. Mr. Prosser and son are taking in the country, with a view of locating if suitable claim can be found. From Montesano Economist: In approving the third report of the receivers of the Aberdeen bank, Judge Irwin took occasion to compliment Receivers Carson and France on their management of that institution. The funny man of the Tacoma Ledger thinks that Bryan's wind secured him the presidential nomination. Down this way, it was the sound doctrine, wafted westward by the Bryan breeze, that caused the landslide which promises a political revolution in Chehalis county in November. From Montesano Vidette: Haying has commenced. The crop will be shorter than usual, where pastured late. Where the stock was taken off early a heavier yield than usual will be had. The board of county commissioners, accompanied by the county surveyor, made a trip Wednesday to the upper and lower Satsop bridges. The upper bridge

16. August 12, 1897 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, August 12, 1897

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Notice. In the Superior Court of the state of Washing ton, within and for Chehalis county. C. W. WAPPENSTEIN, Plaintiff, No. 2399. vs. Notice of hearing ABERDEEN BANK et al, Receiver's Fourth Defendants. Report. Notice is hereby given that the undersigned, as receivers of the said Aberdeen Bank, have filed with the clerk of the above entitled Court their fourth general report: that the said Court has set Tuesday, the 7th day of September, 1897, at the hour of 1:30 p. m., as the time, and the Court's chambers at the Court house in said county as the place, of the hearing and settling of such report by the Court: and all persons interested may, before that time, file written objections, or appear before the Court at the time above mentioned and make their objections, to the approval of such report. This notice is given under an order of the Court made and entered herein. J. P. CARSON, EUGENE FRANCE, Receivers of Aberdeen Bank. Dated August 11, 1897.

17. January 25, 1900 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, January 25, 1900

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# Miscellaneous. W H Amidon to Alice Chalmers, mtg 39½ acres in sw¼ of sw¼, & ne¼ of se¼ of se¼, sec 2-17-8, less one acre-$600. E M Wood to W H Admidon rel mtg, same. Wilson Bros & Co to Archibald McDougall, rel lien, bldg & lot 12, Aberdeen Packing Co's plat to Aberdeen-$252.82. Vance Bros to Adam Ehl, chat mtg saw mill--$200. N Grant Wheeler to James E Medcalf, mtg, w½ lot 5, blk 44, Aberdeen--$1250. H A Hayes to M R Sherwood, assnmt mtg $336.50. Same to same, same--$336.50. Elma I O O F to Sarah J & Maud B Irwin, mtg lot 4, blk 2. Elma--$1200. C M Lane to John Biberger, mtg lot 5, blk 28, Hoquiam-$100. Thomas Stevens to Carl A Butler, rel chat mtg. Charles B Roderick to C C Combes, 2 horses, wagon & Harness-$200. H A Hayes, trustee, to Anna M Finch, rel mtg und½ lots 1 & 2, sec 6 16-11 & lots 1 & 2, & ne of se¼, sec 1 16-12-$300. C A Butler to Thomas Stephens, bill sale 4 horses, cattle, sheep etc--$183. John H Taylor to John P Goggin, mtg all that part sw¼ sec 21-18 8, lying on e side Wynooche river except tract-$600. C F White to Elma lodge No 47, I O O F, rel mtg-$988.05. Drury Ford to Craft & Son bill sale ¼int in Vance & Ford mill--$300. Receivers of Aberdeen bank to H A Hayes, mtg w½ nw¼ & w½ sw¼ sec 31-19-7-$175. Alex Carefoot to Albert Mowry, timber contract on ne ne¼ & ne se¼, sec 33-19-7-$100. John P Goggin to J B Dabney, rel mtg se¼ sec 18-18-8-$60. Elizabeth Jones to Effie Keith, mtg lot 6, blk 9, 1st add So Aberdeen-$250. W W Leatham to John Hartman, timber contract, sw¼ sec 14-17-6. John P Goggin to J M Pence, rel mtg lots 7, 8, 9 & 10, sec 6, & s½ se¼ & se¼ sw¼ sec 24, all in 19-10-$1000. Same to Watson G Peebles, rel 2 mtgs, on e½ sw¼ sec 19, & e½ nw¼ sec 30, all in 20-9-$575. Port Blakely Mill Co to G H Com Co, assnmt mtg ne¼ se¼ & se¼ ne¼ sec 9 & nw¼ sw¼ & sw¼ nw¼ sec 10-18-5, also all lots 1 to 7 and 11 to 20, blk "F", lots 1 to 14, blk "G", lots 1 to 20, blk "M", lots 1 to 12, blk "N", lots 1 to 20, blk 29 of Cosmopolis Townsite Co's corrected plat of Cosmopolis-$100.

18. August 15, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 15, 1900

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DISTRIBUTION OF ASSETS. Defunct Aberdeen Bank will Pay in Full and Have Surplus, Special Dispatch to the Post-Intelligencer. ABERDEEN, Aug. 14.=In a few days the last of the assets of the defunct Aberdeen Bank will be converted Into cash and a final distribution made to the stockholders. The bank went into the hands of a receiver nearly six years ago, and has been in the process of liquidation ever since. The expense of the receivership is said to be $14,000. All indebtedness has been paid. and there will remain a dividend of about 10 per cent. to the stockholders.

19. June 13, 1901 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, June 13, 1901

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d Lena Phelps to same, und½ same lan -$625. Carl Weatherwax, trustee, to same, und½ same land-$625. Lena Phelps, guardian, to same, und1-6 same land-$208.33. Ervie Phelps to same, same land-$1. Samuel Benn to Peter Johnson, lot 9, blk 6, W & B's add Aberdeen-$450. E C Mony to Belle 1. Hoover, swly½ lot 3, bik 8, Hoquiam-$50. U S to Lena Phelps, e½ of sw½ se1/4 of nw½, and sw1/4 of ne1/4, sec 3-21-8Pat. Mary Medcalf to G M Powell, sw1/4, sec 2-19-8-$1000. Treasurer to Emily Morgan, tax deed. lot 1, blk 5, Karr's add Hoquiam. Same to C H Scott, tax deed, lot 12, blk 4, Karr's add Hoquiam. A F Coats and Geo Allman to Giles Gilbert, lots 1 2 3 and 4, sec 32-21-9$4500. A F Coats to same, ne1/4, sec 27; n½ of sw1/4, and lots 1 and 2, sec 33;8½ of ne1/4 and 81/2 of nw1/4. sec 25; and und½ of se1/4, sec 14-21-9-$14,601.25. U S to D C Burk, 81/2 of ne½, and n½ of sela, see 22-19-12-Pat. Albert Heas to Geo 1. Davis. lots 1 23 and +, see 31-21-9-$2000. U S to Alice Reimer, +1/2 of ne1/4, and e½ of sel4. see 22-19-7-P.t. Marv is staff to PA Withams, ne½ lot 4, bik 38, Hoquiam-$500. U S 10 Chas Groske, sel/4, sec 12-19-12 -Pat. R F Dockery to John Sheldon, se½, sec 2-20-8-$20. Frank 11 Lamb Timber Co to W H France, se14. sec 30-18-7-$2500. J H Rowland and B S Weatherwax to C F Rowland, lot 12, blk 41, Aberdeen$1000. U S to A T Adams, e½ of ne½, and lots 1 and 2, sec 18-16-6-Pat. W A Anderson to CJ Arnold, lot 2, blk 4; and lot 2, blk G, Scammon's plat Montesano-$1. Elizabeth A Ryder to F W Ryder, lots 7 8 9 and 10, sec 4-19-10-$1. A P Ryder al to same, same land-$1. E D Ryder to same, same land-$1. o B Ryder to same, same land-$1. F W Ryder to The Public, affidavit. John Stafford to Chehalis County, 1 11-100 acres in sec 2-18-9-$100. Margaret C Brewer to Dessie E Taylor, lot 8, blk 12, Brewer's add Oakville-$15. Treasurer to Chlora Sauers, tax deed, lot 2, blk 2, Benn's 1st add Aberdeen. W L Adams and Peter Autzen to C H Davis, 8½ of nw½, and e½ of sw1/4, sec 26-21-10-$2250. Geo Simpson, guardian, to W D McBryde, und½ lots 1 and 2, blk 3, McBryde's add Montesano-$200. U S to W S Ladd, sw1/4 of sel/4, and se1/4 of sw½, sec 3; sw1/4 of 11e1/4, and nw1/4 of se1/4, sec 9-19-11-Pat. Same to same, sw1/4 of ne½; se1/4 of nw1/4; ne½ of sw1/4, and nw1/4 of sel/4, sec 10-19-11-Pat. Morgan O'Neil to Thos Foley, nw½, sec 34-20-8-$1200. Thos Foley to Weyerhaeuser Timber Co, same land-$1600. Thos Crothers to H A Kalb, und½ int in 801/4, sec 25-18-10-$2000. H A Kalb to Otto Glock, und1/3 same land-$1000. Sheriff to Receivers of Aberdeen Bank, sheriff's deed, n½ of s½, sec 4-17-4$908.60. Miscellaneous. S K Bowes to Edward Horan, sat of mtg-$300. G M Powell to Mary Medcalf, mtg on sw /4, sec 2-19-8-$500. Anniel K Kendall to L B Bignold, mtg on 81/2 of nw½, sec 32-17-8-$500. Stella J Raymond to Lucy A Johnson, assignment of mtg-$400. Wm Thompson to Alexander Miller, sat of mig-$800. Geo L Davis to Emma W Coats, rel of mtg-$4000. W J Patterson to The Public, affidavit. Wells Gilbert to same, same. H K Finch to same, same. A F Coats to same, same. Lars Stam and Peter Nelson to same, notice of location for oil claim on sw1/4 of sw½, sec 10-16-9. Same to same, same on ne1/4 of swla, sec 10-16-9. N G Lanbton and Augusta Hardwick to same, same on se½ of sw1/4, sec 10-16-9. Same to same, same on nw1/4 of sw1/4, sec 10-16-9. C B Story to J F Hobi, agreement,