22178. Big Bend National Bank (Davenport, WA)

View Charter #4002 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4002
Charter Number
4002
Start Date
November 25, 1904
Location
Davenport, Washington (47.654, -118.150)

Metadata

Model
gpt-5-mini
Short Digest
7e96b659

Response Measures

None

Receivership Details

Depositor recovery rate
84.8%
Date receivership started
1904-11-25
Date receivership terminated
1909-10-30
OCC cause of failure
Fraud
Share of assets assessed as good
37.4%
Share of assets assessed as doubtful
45.1%
Share of assets assessed as worthless
17.6%

Description

Multiple contemporaneous newspaper reports (Nov 25-26, 1904) state the Big Bend National Bank at Davenport, WA was closed by direction of the Comptroller of the Currency because of insolvency; a national bank examiner was appointed receiver. Cause: excessive loans (principally to mining interests) resulting in insolvency. No run or depositor panic is mentioned in the articles. Subsequent reporting shows receivership and dividend payments.

Events (4)
1. March 28, 1889 Chartered
Source
historical_nic
2. November 25, 1904 Receivership
Source
historical_nic
3. November 25, 1904 Receivership
Newspaper Excerpt
National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure of this bank ... is due to losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified.
Source
newspapers
4. November 25, 1904 Suspension
Cause
Government Action
Cause Details
Closed by the Comptroller of the Currency due to insolvency from excessive loans, principally to mining interests.
Newspaper Excerpt
The Big Bend National bank of Davenport, Washington, has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver.
Source
newspapers

Newspaper Articles (14)
1. November 25, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 25, 1904

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Article Text

BIG BANK FAILS. Loaned Too Much Money to Its Own Officers. Washington, Nov. 25.-The Big Bend National bank of Davenport, Washington, has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified. The following is a statement of the resources and liabilities of the bank as shown by its last report of condition to the comptroller, November 10, 1904: ResourcesLoans and discounts, $391,158; overdrafts, $55,460; United States bonds, $13,560; bonds, securities, etc., $2,753; banking house, $2,360; other real estate, $3,064; due from banks and bankers, $70,544; cash and cash items, $33,435; redemption fund. $625; total, $574,963. Liabilities-Capital stock, $50,000; surplus and profits, $36,454; circulation, $12,500; due to banks and bankers, $2,134 ;deposits, $433,874; bills payable, $40,000; total, $574,963.

2. November 25, 1904 Las Vegas Daily Optic Las Vegas, NM
Article from Las Vegas Daily Optic, November 25, 1904

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Article Text

BIG BEND BANK CLOSED BY COMPTROLLER. WASHINGTON, Nov. 25.- The Big Bend National bank of Davenport, Washington, has been closed by direction of the comptroller of the currency because of insolvency and National Bank Examiner Eugene T. Wil. son has been appointed receiver. The failure of this bank. according to a statement issued by the comptroller, is due to the losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified. The bank's deposits amount to $433,874.

3. November 25, 1904 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, November 25, 1904

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Article Text

RECEIVER APPOINTED. Davenport National Bank Has Closed Its Doors. Washington, D. C., -Nov. 25.-The Big Bend National Bank at Davenport, Wash., was closed by order of the comptroller of the currency today because of insolvency and a receiver will be apointed. The failure is due to excessive loans. The liabilities are over $500,000.

4. November 25, 1904 The Seattle Star Seattle, WA
Article from The Seattle Star, November 25, 1904

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Article Text

RECEIVER APPOINTED BIG BEND NATIONAL BANK AT DAVENPORT CLOSED BY COMPTROLLER OF CURRENCY (By Scripps News Ass'n.) WASHINGTON, Nov. 26.-The Big Bend National bank. at Davenport, Wash.. was closed by Comptroller of the Currency Ridgely because of insolvency. A receiver has been appointed. The failure is due to excessive loans. The liabilities are more than $500,000.

5. November 30, 1904 Willmar Tribune Willmar, MN
Article from Willmar Tribune, November 30, 1904

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Article Text

National Bank Suspends. Washington, Nov. 26.-The Big Bend national bank of Davenport, Wash.. has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been apponted receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified.

6. November 30, 1904 The Star Reynoldsville, PA
Article from The Star, November 30, 1904

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Article Text

Another Bank Closes Its Doors. The Big Bend National Bank, of Davenport, Wash., has been closed by direction of the Comptroller of the Currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure of this bank, according to statement issued by the comptroller, is due to losses sustained upon excessiye loans, principally to mining interests with which the officers of the bank are identified.

7. December 2, 1904 Highland Recorder Monterey, VA
Article from Highland Recorder, December 2, 1904

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NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic. M. Delcasse, the French foreign minister, protested in the Chamber of Deputies against the criticism of the Franco-Russian alliance in the report of the committee on the foreign budget. Continuous heavy rains interfere with the inspection of the Panama Canal zone by the American congressional party. The members had a conference with President Amador. Samuel Gompers was re-elected president of the American Federation of Labor, only one delegate in the San Francisco convention, a socialist leader, voting against him. Mrs. Rosie Lusander, aged 25 years, wat shot and killed in Philadelphia by her husband, to whom she had been married but two months. The body of Mrs. Emma Brigham, of Leicester, Mass., was found in the woods covered with leaves. She had been murdered. Arrangements have been made for beginning the work of dismantling the World's Fair promptly on December I. Frank Brady, against whom several charges were pending, was shot and killed by officers at Rock Creek, near Bonita, Mont. The Big Bend National Bank of Davenport, Wash., was closed by direction of the Comptroller of the Currency. Mrs. Maria B. Wilkes, the oldest actress in the country, died in the Prince of Peace Hospital in Philadelphia. The National Grange decided in Portland, Ore., to hold the next annual session in the State of New Jersey. Otis Loveland was electrocuted in Columbus, O., for the murder of Geo Geyer, a farmer, near Alton. By the overturning of a patrol wagon in New York several policemen were seriously. injured. The Union Pacific Railroad is reported to have bought the Chicago Great Western. Frank Duncan, a notorious safeblower, was hanged in Birmingham, Ala., for murder. The United States South Atlantic Squadron sailed from Rio Janeiro for Bahia. A fire in a Chinese tenement in New York caused something of a panic. A Confederate monument was unveiled in Eufaula, Ala. James Wallace, who was secretary to James Breitung, of Marquette, Mich., and who was accused of stealing $30,000 worth of securities from him, was arrested in Liverpool. The American barkentine Webfoot, waterlogged and dismasted. arrived at Astoria, Ore, with three of her crew missing and the survivors exhausted. Col. William Moore, once prominent in Tennessee politics, died at his home, in Nashville, Tenn. He was 74 years old. The apartments of Prince Fushimi were robbed while the Prince and his attendants were at the World's Fair. Milt Shaw, a prominent lawyer, of Hickman, Ky., shot and killed his uncle, Robert Buck. The plea is selfdefense. Four men were drowned from a rowboat while being ferried from Port Huron, Mich., to Sarnia, Ont. - The congressional committee has arrived at Panama to make a study of canal conditions. The grand jury of Tonawanda. Pa.,

8. December 2, 1904 Washington Standard Olympia, WA
Article from Washington Standard, December 2, 1904

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Article Text

THE Big Bend National Bank, at Devenport, has closed its doors, by direction of the Comptroller of the Currency, and Bank Examiner E. T. Wilson has been appointed Receiver. The failure is attributable to losses on loans, principally in mining property with which the officers of the bank are identified.

9. December 2, 1904 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, December 2, 1904

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Article Text

National Bank Suspends. Washington, Nov. 26.-The Big Bend national bank of Davenport, Wash., has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been apponted receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the offcers of the bank are identified.

10. February 22, 1905 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, February 22, 1905

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# Auditor and Treasurer Sued. R. M. Dye, prosecuting attorney, has instituted suit on behalf of the county against ex-Auditor A. S. Brown and his bondsmen for the sum of $548.35, the amount alleged to be Mr. Brown's shortage occasioned by the robbery at the court house on December 12, when Deputy Auditor Hallin was knocked down and robbed and the vault was also robbed. It is alleged the loss was occasioned by the carelessness of Mr. Brown in having the vault open at that time of night.—Davenport Tribune. Ex-County Treasurer I. J. Minnick, together with his bondsmen, have been sued by Lincoln county for the sum of $36,686.33, the amount of the county's money on deposit in the Big Bend National bank at this place at the time the bank went into the hands of the receiver. It is claimed by those familiar with the condition of the bank that it will pay 50 cents on the dollar of its liabilities, which may reduce the liability of the bondsmen who are upon Minnick's official bond.—Davenport Tribune.

11. February 22, 1905 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, February 22, 1905

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# Auditor and Treasurer Sued. R. M. Dye, prosecuting attorney, has instituted suit on behalf of the county against ex-Auditor A. S. Brown and his bondsmen for the sum of $548.35, the amount alleged to be Mr. Brown's shortage occasioned by the robbery at the court house on December 12, when Deputy Auditor Hallin was knocked down and robbed and the vault was also robbed. It is alleged the loss was occasioned by the carelessness of Mr. Brown in having the vault open at that time of night.—Davenport Tribune. Ex-County Treasurer I. J. Minnick, together with his bondsmen, have been sued by Lincoln county for the sum of $36,686.33, the amount of the county's money on deposit in the Big Bend National bank at this place at the time the bank went into the hands of the receiver. It is claimed by those familiar with the condition of the bank that it will pay 50 cents on the dollar of its liabilities, which may reduce the liability of the bondsmen who are upon Minnick's official bond.—Davenport Tribune.

12. March 4, 1905 The San Juan Islander Friday Harbor, WA
Article from The San Juan Islander, March 4, 1905

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WASHINGTON NEWS Seattle police are arresting clairvoyants as vagrants. Hiram S. Stevens, the well known hotel man of Seattle, is dead. The old Pierce county count house at Tacoma has been sold to J. S. Baker for $45,000. A Grand Army post has been organized at Orchard, in Clarke county, with a membership of fifteen. Seattle bowlers were defeated for the Rocky Mountain sweepstakes at the American bowling congress at Milwaukee. Peaches and pears in the Walla Walla valley are said to have suffered considerable damage from the recent cold weather. The collector of customs at Port Townsend has been uphelu in the matter of assessing tonnage tax on the steamship Minnesota. A first dividend of 25 per cent in favor of the creditors of the failed Big Bend National bank, of Davenport, on claims amounting to $414,268, has been declared by the comptroller of the currency. The executive committee of the Washington State Elks' Association has changed the date for the 1906 meeting from February 21 and 22 to some time in June, although the exact two days have not been named. Lind comes forward with a record of four marriages in three days last week. High water on Goose creek caused a shutdown of the Wilbur light plant last week. A receiver has been appointed for the Hotel Columbia property at Vancouver. The anti-scalping ordinance of the city of Spokane has been declared valid by the superior court of that city. Miss Helen Stewart Wilson, daughter of ex-Senator Wilson, of Seattle, has been selected by Gov. Mead as sponsor for the new armored cruiser Washington, to be launched at Camden, N. J., March 18. A large force of men has been put to work on the Yacolt branch of the Northern Pacific ruuning out of Vancouver. Most of the men are Greeks and were recently imported from California, where they were formerly employed on the Southern Pacific. The Edmunds secession agitation has now been taken into the superior court at Everett. On petition of N. P. N. Otto, of Edmunds, Judge Black has signed an alternative writ of mandamus directing the county commissioners either to call a special election to vote on the secession question, or to appear in court March 11 and show cause why no such action should be taken.

13. May 27, 1905 The San Juan Islander Friday Harbor, WA
Article from The San Juan Islander, May 27, 1905

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WASHINGTON NEWS Miss Charity Pauline Ankeny, daughter of United States Senator Ankeny, died at the University hospital, Philadelphia, Monday. At the recent teachers' examinations in this state there were 1,365 applicants. Ten manuscript examiners are at work and are completing about 70 sets of papers a day. Orders have been received at Fort Walla Walla from the secretary of war directing that two troops of the Fourth cavalry, with band, proceed to Portland to participate in the opening of the Lewisland Clark fair. A second dividend of 20 per cent has been declared by the comptroller of the currency in favor of the creditors of the insolvent Big Bend National bank, of Davenport. The proved claims amount to $442,549. John C. Eden, assistant general traffic manager of the Great Northern, with headquarters at Seattle, has resigned, to take effect at once. Harry B. Adams, assistant general freight agent of the Oregon Railroad and Naviagtion Company, will be appointed to succeed him. The Washington State Dental Association met at Tacoma last week. A small amount of routine business was transacted and officers elected for the following year. C. A. Darling, of Bellingham, is the new president. Bellingham was chosen as the next place of meeting. Tacoma has the record for quick time on divorces. One judge there last week granted five in 35 minutes. George Sutherland has resigned as general traffic manager of the Great Northern Steamship Company, effective June 1. Water from the Elberton springs, which is to hereafter supply the people of Colfax, has been turned into the city reservoir. Adjutant General Drain has issued a circular urging members of the national guard to participate in Memorial day services. Ground has been broken for the new Masonic building which is to be erected this summer by the two Masonic lodges of Walla Walla. The mill and veneer plant at Raymond has been sold to the Muscatine Mill Company, of Iowa, for $24,000. The property was in the hands of a receiver. A corps of engineres is stated to be at work just a few miles east of Spokane, running a preliminary line for the proposed extension of the Chicago, Milwaukee and St. Paul railroad to the Coast. The last boat race between California, Stanford and Washington will be pulled off on Lake Washington on the afternoon of May 29. There will be a race between the regular varsity crews of the schools participating and also between freshmen crews.

14. February 23, 1906 Washington Standard Olympia, WA
Article from Washington Standard, February 23, 1906

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NEWS OF THE STATE. J.C. Bains, living near Colfax, has planted 40 acres of buckwheat, as an experiment. The Women's Relief Corps at Pullman held an annual bean-bake, in that city, last Friday night, and $218.25 was realized for the society's beneficent object. Over 400 were fed, and then followed a season of entertainment by a literary programme and music. Then'a ball ended the evening of gastronomic and mental pleasure. Professor Elton Fulmer, professor of chemistry in the Washington State college, left last Tuesday for Chicago to attend the annual meeting of the national committee on food standards. This includes seven men, elected by the National Convention of Dairy and Food Departments, and will be in session about ten days. Professor Fulmer expects to be absent about a month, as be will visit a number of the largest food manufacturing establishments in the East before returning to Pullman. Charles C. May, President of the defunct Big Bend National bank of Davenport, this State, on trial at Spokane, for wrecking that institution, was last week found guilty by a jury of the Federal court. The bank was closed in the fall of 1904, by the National Bank Examiner, for excess of loans to `mining companies in which he was interested, and May was arrested in Boston last spring. The minimum penalty is five years imprisonment and the maximum ten years. May's lawyers say they will follow the case up to the Supreme Court. Although the run of fish on Gray's harbor for the season of 1905 was considered light, it proved a successful year for the canneries, the total pack of the two companies, the Forbes cannery at Aberdeen and the Hoquiam Packing company at Hoquiam being close to 40,000 cases. The Hoquiam company packed 4,000 cases of the fine Quiniault salmon, and 14,000 of the fall run of fish, the latter pack being valued at $59,000. The value of the Quiniault fish is not given, as it was in the nature of an experiment. The owners of the Hoquiam plant put about $4,000 in improvements into the plant last season.