22170. First National Bank (Colfax, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3076
Charter Number
3076
Start Date
January 9, 1894
Location
Colfax, Washington (46.880, -117.364)

Metadata

Model
gpt-5-mini
Short Digest
121362e2

Response Measures

None

Description

Articles (Jan 9/Jan 12, 1894) report the cashier Charles F. Russell defaulted, a cash shortage discovered (over $1,000), and the bank examiner in possession. The bank had closed Saturday night and the examiner is now in possession—indicating suspension and likely closure with examiner/receiver involvement. No mention of a depositor run or later reopening in provided texts.

Events (3)

1. November 14, 1883 Chartered
Source
historical_nic
2. January 9, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Charles F. Russell defaulted; a discovered cash shortage of over $1,000 led the bank examiner to take possession (implying suspension/closure).
Newspaper Excerpt
Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession. Russell was on duty when the bank closed Saturday night...
Source
newspapers
3. June 30, 1905 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (6)

Article from The Herald-Advance, January 12, 1894

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Article Text

The Cashier Gone. Spokane, Wash., Jan. 9.-Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession. Russell was on duty when the bank closed Saturday night, but when Perry intimated that he thought of working Sunday, Russell complained of feelIng poorly and refused to come down. Perry discovered the shortage to be over $1,000 in cash, and when word was sent to Russell he came to the bank, but later could not be found. Russell is about thirty-five years of age, is married, and moved in the best of society. Herman L. Chase. formerly receiver of the Spokane National bank, has been bound over to the superior court in $10,000 bonds on a charge of raping Mary Nelson, a domestic in his employ.


Article from The Herald-Advance, January 12, 1894

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Article Text

The Cashier Gone. Spokane, Wash., Jan. 9.-Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession. Russell was on duty when the bank closed Saturday night, but when Perry intimated that he thought of working Sunday, Russell complained of feelIng poorly and refused to come down. Perry discovered the shortage to be over $1,000 in cash, and when word was sent to Russell he came to the bank, but later could not be found. Russell is about thirty-five years of age, is married, and moved in the best of society. Herman L. Chase, formerly receiver of the Spokane National bank, has been bound over to the superior court in $10,000 bonds on a charge of raping Mary Nelson, a domestic in his employ.


Article from The Herald-Advance, January 12, 1894

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Article Text

The Cashier Gone. Spokane, Wash., Jan. 9.-Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession. Russell was on duty when the bank closed Saturday night, but when Perry intimated that he thought of working Sunday, Russell complained of feelIng poorly and refused to come down. Perry discovered the shortage to be over $1,000 in cash, and when word was sent to Russell he came to the bank, but later could not be found. Russell is about thirty-five years of age, is married, and moved in the best of society. Herman L. Chase. formerly receiver of the Spokane National bank, has been bound over to the superior court in $10,000 bonds on a charge of raping Mary Nelson, a domestic in his employ.


Article from The Dickinson Press, January 13, 1894

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Article Text

The Cashier Gone. Spokane, Wash., Jan. 9.-Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession Russell was on duty when the bank closed Saturday night, but when Perry intimated that he thought of working Sunday, Russell complained of feeling poorly and refused to come down. Perry discovered the shortage to be over $1,000 in cash, and when word was sent to Russell he came to the bank, but later could not be found. Russell is about thirty-five years of age, is married, and moved in the best of society. Herman L. Chase. formerly receiver of the Spokane National bank, has been bound over to the superior court in $10,000 bonds on a charge of raping Mtry Nelson, a domestic in his employ.


Article from The Washburn Leader, January 13, 1894

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Article Text

The Cashier Gone. Spokane, Wash., Jan. 9.-Charles F. Russell, cashier of the First National Bank of Colfax, has defaulted. Bank Examiner Charles Percy is now in possession. Russell was on duty when the bank closed Saturday night, but when Perry intimated that he thought of working Sunday, Russell complained of feeling poorly and refused to come down. Perry. discovered the shortage to be over $1,000 in cash, and when word was sent to Russell he came to the bank, but later could not be found. Russell is about thirty-five years of age, is married, and moved in the best of society. Hernian L. Chase. formerly receiver of the Spokane National bank, has been bound over to the superior court in $10,000 bonds on a charge of raping Mrry Nelson, a domestic in his employ.


Article from Pullman Herald, July 1, 1905

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Article Text

-Next Thursday evening is the time set by the city council for the hearing of remonstrances against the proposed macadamizing of certain of the city's principal streets. It is understood that a protest will go before the council, some property owners thinking it would be best to leave the streets in their present condition for a year or two more, and then pave with asphalt, A macadamized street is in every way satisfactory and servicable and Pullman should take up the proposed work, and macadamize her streets. That men and teams can be more easily obtained, the work should be commenced at once before the energies of the county must be given to harvesting the immense crops. By all means macadamize. -Mystery surrounds the death by suicide of Mrs. Charles Lawrence, wife of a farmer living about five miles northeast of Colfax, Wednesday morning, the woman having taken a dose of strychnine, from the effects of which she soon died. No reason for the deed can be assigned, as the woman was in good health, and there were no troubles apparantly to prey upon her mind. The deceased was about 35 years of age, and leaves no children. The husband is a brother of P. W. Lawrence, of this city, and of J. C. Lawrence, of Garfield. -The two big banks at the county seat, the First National and the Colfax The National, have consolidated. Colfax National takes the commercial business of both banks and the First National, under the name of the First Savings & Trust company of Whitman county, takes the savings business of both banks. The capital of the Colfax National is to be increased from $120,000 to $200,000 and the trust company will have a capital of $50,000. -F. Fielding Nalder, registrar at the college, was married to Miss Alma Blankenship, at the bride's home at Sedro-Wooley, last Sunday, June 25th. Tuesday Mr. and Mrs. Nalder came on to Pullman, and are now housekeeping in Mr. Nalder's new home on Mechanics hill. Miss Blankenship is a former student at the college, and has many friends here who welcome her, and congratulate Mr. Nalder upon securing so charming a bride. -A reception was held in the parlors of the Congregational church, Wednesday, in honor of Mesdames J. L. Dumas and H. J. Welty, the former of whom left Thursday for her new home at Huntsville and Mrs. Welty will probably leave in a few weeks for Bellingham, where Mr. Welty has decided to open a law office. Both ladies have been earnest and faithful workers in the Golden Rule society and the church. -J. C. Kenmouth expects to remain in the city till after the fourth, when he will return to Nevada, where he has extensive holdings in some mining propositions that are showing up in a most promising manner. Mr. Kenmouth has an interest in eighteen claims in the famous Goldfields region, and we hope will be shipping the yellow metal to Pullman by the car load one of these days. /The Knights of Pythias and Rathbone sisters, at Colfax, last Tuesday evening tendered a farewell reception to Mr. and Mrs. Thos. Neill, who have removed to Pullman this week. A pleasant feature of the evening was the presentation to Mr. and Mrs. Neill of a beautiful leather upholtsered chair. -J. A. Chase drove in from Bend, Oregon, with his prairie schooner Wednesday evening. He will remove his family to the Webfoot town in a short