Bank of Chewelah - Chewelah, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 2, 1936
Location: Chewelah, Washington (48.276, -117.716)

Metadata

Model: gpt-5-mini
Short Digest: 26c4c6d1

Response Measures

None

Description

Article (Coulee City Dispatch, 1936-01-02) states the Bank of Chewelah is a 'defunct bank' in liquidation and that a liquidator (M. O. Page) released checks for an 8% dividend — indicates the bank had previously closed and is in receivership/liquidation. No run is described. Classified as suspension_closure (suspension/closure with receiver/liquidation). Bank type not specified in the text, so set to unknown.

Events (2)

1. January 2, 1936 Receivership

Newspaper Excerpt: The checks were released by M. O. Page, Deer Park, Wash., liquidator.
Source: newspapers

2. January 2, 1936 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is defunct and in liquidation; liquidator distributing dividends to depositors.
Newspaper Excerpt: It was the fifth dividend paid by the defunct bank and brought the total paid to 47 per cent. The checks were released by M. O. Page, Deer Park, Wash., liquidator.
Source: newspapers

Newspaper Articles (1)

1. January 2, 1936 Coulee City Dispatch Coulee City, WA

Article from Coulee City Dispatch, January 2, 1936

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Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers Pomeroy-Depositors of the Farmers' National bank of Pomeroy will receive a dividend of 15 per cent. for a Christmas present, the receiver announces. Seattle-Pursuing a robber suspect, Smith Christensen, a Seattle taxicab driver, pinned the man against the wall with his cab and then subdued him with an automobile crank. Christensen used his car because he had a wooden leg and was unable to give chase on foot. Seattle-Five stories above third avenue a seagull knocked a butter dish off a window sill, and H. G. Leschander, elderly Port Blakely man, had to be told later what hit him. Leschander was knocked unconscious by the falling dish. Passersby picked him up and took him to a doctor's office. Aberdeen - Police, called to a down-town corner here by a report of a fist fight, saw two aged men exchanging furious blows. One gave his age as 74, the other 70. The elder claimed it was his first fight. Because both are "fine old gentlemen" their names were withheld. They were released after first-aid treatment. The fight started after an argument over the merits of the Townsend plan. Chewelah-Bank of Chewelah depositors received through the mail checks for an 8 per cent. dividend. According to a 10 per cent. dividend of $9000 last year, it will mean about $7200 more in circulation. More than 500 depositors will receive checks. It was the fifth dividend paid by the defunct bank and brought the total paid to 47 per cent. The checks were released by M. O. Page, Deer Park, Wash., liquidator. Wenatchee-Reading about the apple crop freeze in central Washington, a Minnesota storekeeper has sent 12 pairs of overalls, shoes and overshoes and other clothing to be distributed to children of ranchers who lost their crops. At a Rotary luncheon it was announced that 480 suits of underwear and several hundred pairs of shoes, overshoes and stockings had been supplied pupils so far this year by private and public relief agencies. Hoquiam-Hoquiam looks forward to its largest industrial payroll in four years. The employment increase will be made possible through-the addition of 300 men to payrolls of the Grays Harbor Lumber company, Hoquiam, and the Greenwood Logging company within the next two weeks. The lumber company officials said its plant will go on a two-shift basis January 2. The logging company announced its camps, closed since May 6, will reopen soon after Christmas. Gig Harbor-Another call for the ichthyologists-and a hurry call at that. The present subject is a chocolate brown fish, seven feet long-and weighing over 100 pounds. Its meat is white-like halibut-and investigators reported it has a craw like a chicken. The fish was washed up on Wauna tideflats and thus far has stymied local experts who sought to identify it. The hurry? Well, nearby residents just think it's been sitting around about long enough. Okanogan-The E. Wagner & Son sawmill here has just completed its season's run and Otto H. Wagner, manager, said it broke all records for production, consuming 225,000 manhours of labor and turning out more than 13,000,000 feet of lumber. It was almost double the production last year. Wagner believes 1936 will be an excellent year for the lumber business The has in the