22183. Dryden State Bank (Dryden, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 3, 1932
Location
Dryden, Washington (47.541, -120.561)

Metadata

Model
gpt-5-mini
Short Digest
cc8d270b

Response Measures

None

Description

Articles report the Dryden State Bank closed in January/early February 1932 and entered liquidation; examiner found bookkeeping discrepancies and the banker was arrested for alleged misappropriation. There is no clear description of a depositor run on Dryden itself in the texts — the Dryden closure precipitated a run on Cashmere. Dryden entered liquidation/receiver and later paid dividends (June 16, 1932).

Events (3)

1. February 3, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examiner found discrepancies in the books; banker Dan Neher allegedly misappropriated funds and maintained two sets of books, prompting closure and liquidation.
Newspaper Excerpt
The Dryden bank closed last Wednesday
Source
newspapers
2. June 16, 1932 Receivership
Newspaper Excerpt
Depositors of the Dryden State bank, closed last January, received their first dividends June 16, according to W. K. Yost, receiver.
Source
newspapers
3. December 29, 1932 Other
Newspaper Excerpt
A dividend of $30,000 was paid depositors of the Cashmere and Dryden State banks last week, according to E. W. Ostenberg, special deputy supervisor of banking, liquidating both banks.
Source
newspapers

Newspaper Articles (4)

Article from The Cashmere Valley Record, February 4, 1932

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Article Text

Efforts Being Made to Start Re-organization of Local Bank Chamber of Commerce and positors' Committees Start Re-opening Work Cashmere people felt more contoday than since the CashState Bank closed its doors Saturday morning when was learned that active measures being taken by the CashChamber of Commerce and of the depositors to try to re-organize the present bank, or start bank, and get the lease of some of the funds at once. The Cashmere State bank closits doors Saturday morning when was found that the withdrawals were coming in fast that was only matter of time when the legal reserve would be low. The closing of the Dryden bank Thursday morning had precipitated the run on the bank. The fact that many people had been letting their counts run low because of the need of the money for living penses, also entered into the situation. Apple money has been in coming in this year and withdrawals have been heavy. In the face of all this is was decided to close the bank to protect the depositors. Will Pay Out George Sussex, president of the bank, stated this week that it his opinion that the bank would out in full if pay given time. However, if liquidation forced rapidly such full payment would not be possible and addition it would many people who owe the bank in barrassing circumstances. Wants to Co-operate Yost, deputy supervisor charge, who has been placed here to handle the Cashmere and Dryden situations, stated that it the purpose of the banking department to look after the interof the depositors and that their welfare comes first in all cases. He stated that nothing will be done to the detriment of these depositors and that was simple matter of everyone dothe best they can under the May Re-organize Bank Efforts are being made now to either re-organize the present bank or start new bank, and release percentage of the deposits. A committee met Wednesday afternoon with C. Moody, head of the state banking department and with Harry Johnson of the department of fficiency, in an effort to work out plans for such reorganization.


Article from The Cashmere Valley Record, February 4, 1932

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Article Text

Dryden Banker Placed in Jail No Charges Yet Dan Neher Gives Self Up When Bank Examiner Finds Discrepancies Dan Neher was placed under arrest Monday afternoon when the bank examiner starting the liquidation proceedings of the Dryden State Bank, found discrepancies in his books and started investigation. It is said an Neher will be charged with misappropriation of funds and also that the transactions were covered by having two sets of books. The bank examiner stated thae he was not ready to give out information for publication any the Record goes to press, and no charges had been placed against him at that time. The Dryden bank closed last Wednesday and it has been considered that it would pay in full. It was thought positors to strong bank and those in seem to think that there charge will be slight loss if any to The of Mr. positors. shortages if there are any, would be Neher, covered in by his bond, it part said.


Article from White Bluffs Spokesman, June 23, 1932

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Article Text

Brief Resume of Happenings of the Week Collected for Our Readers. THE MARKETS Portland Wheat - Big Bend bluestem, hard winter, 621/2; soft white and western white, 52c; hard winter, northern spring and western red, 501/2c. Hay-Buying prices, f. O. b. Port land; Alfalfa, Yakima, $14.50. Butterfat-Pound 12@14c. Eggs-Ranch, 13@14c. Hogs-Good to choice, $3.75@4.00 Cattle-Choice steers, $6.00@7.00. Lambs-Spring, $3.75@4.00. Seattle Wheat-Soft white, western white, hard winter, 521/2c; western red, 511/2c; northern spring, 51½c; bluestem, 611/20 Eggs-Ranch, 17@18c. Butterfat-Pound 15c. Hogs-Good to choice, $4.10@4.25. Cattle-Choice steers, $6.00@6.25. Sheep-Spring lambs, $3.75@4.10. Spokane Cattle-Steers, good, $6.00@6.50. Hogs-Good to choice, $3.60@3.75. Lambs-Good to choice, $3.50@4.00 With the numbers of orchard workers being increased, unemployment at Kennewick has taken a decided drop. The junior band of Brewster, under A. W. Ruedi, Omak, gave its first summer evening concert in the park last week. Lewis county's new rock crushing plant on Olequa creek a short distance north of Winlock, is now fully equipped and operating. Depositors of the Dryden State bank, closed last January, received their first dividends June 16, according to W. K. Yost, receiver. E. E. Yarnell has started his sawmill north of Chewelah. Twenty men were put to work for a 90 to 120 day run, according to Mr. Yarnell. Twelve-year-old Hazel Lowe of Oak Point was carried beyond her depth by the current while swimming in the Columbia river and was drowned. The state supreme court has upheld the legality of the ballot title to the so-called "state game" initiative measure to be voted on in November. His neck broken when the car hit a viaduct, Elwood Zyph, 18, of Ritzville, who was riding in the rumble seat, was instantly killed last week. Chief Garry of the Spokane tribe of Indians, a friend of the white man in pioneer days, is to be honored by having a Spokane park named after him. The Walla Walla school board has refused the request of a large number of citizens to reestablish the home economics department in the high school. Mrs. W. I. Crawford, 36, died last week at Yakima of burns received when grease, spilled over the front of her dress while she was frying doughnuts, ignited. Farmers at Othello are putting up cheat grass hay. This is the first time cheat has been converted into hay in that section. It is said to be an excellent feed. The cherry harvest has started at Clarkston and soon the Bing, Lambert and Royal Ann harvest will be on in full swing. The fruit is reported to be extra good this year. City Clerk George A. Allen, 79, of Medical Lake, who came there 10 years ago from Valleyford, died last week. Fox six years he edited the Medical Lake Enterprise and practiced law. An airplane pilot, Roy Johnson of Yakima, and his two passengers received fatal injuries when Johnson's barnstorming plane went into a nose dive 100 feet in the air near Quincy. Mrs. Lulu Schwartz of Walla Walla has been named president and Mrs. Edith Orsborn of Yakima state warden for the Rebekah assembly at the state convention in session at Everett recently. If property owners of Walla Walla do not object too much the city plans to construct about three blocks of bulkhead along the north side of Mill creek, east of Wildwood park, this summer. Charles Haines is dead at his home on Walker's prairie at the age of 71 years. He was one of Stevens county's oldest settlers and has served as a resident deputy sheriff for more than 30 years. Deputy Game Warden Walter Harris reports that 2500 pounds of suckers were taken from the fish ladder at the Clearwater river dam recently and distributed to persons who called for them. He says that the suckers are being canned. When Yeshiko Kasai, 3, put her head through a window of her parents' home at McAleer station to re trieve a bean bag from the roof the window dronned upon her neck. The


Article from The Cashmere Valley Record, December 29, 1932

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Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers. THE MARKETS Portland Wheat-Big Bend bluestem, hard wheat, 51c; soft white and western white, 41c; hard winter, northern spring and western red, 39c. Hay-Buying prices, f.o.b. Portland; Alfalfa, Yakima, $12. Butterfat-24@25c. Eggs-Ranch, 24@25c. Cattle-Steers, good, $5@5.50. Hogs-Good to choice, $3.50@3.75. Lambs-Good to choice, $4.75@5. Seattle Wheat-Soft white and western white, 41c; hard winter, western red and northern spring, 42c; bluestem, 51c. Butterfat-26c. Eggs-Ranch, 26c. Hogs-Good to choice, $3.35@3.60 Cattle-Choice steers, $4.75@5.25 Sheep-Spring lambs, $4.50@4.90 Spokane Cattle-Steers, good, $4.25@4.75 Hogs-Good to choice, $3.10@3.25 Lambs-Med. to good, $4@4.50 Film feeding into the projector ignited and caused a fire that badly damaged the theater at Longview last week. Ninety thousand dollars' worth of warrants of Cowlitz county districts were called for payment last week by Treasurer H. D. Renner. The currents in the north Pacific ocean brought a bottle from the coast of Japan to Vancouver island, 4500 miles, in two years and 10 days. Loot valued at about $3000 was stolen from the Kulzer store at Valley by burglars who broke in through the rear door and carted off their plunder by truck. Fruit growers of the Kettle Falls locality report that a good crop was harvested and about 90 carloads of apples were shipped to the east, Europe and other parts of the world. Yakima county called in $51,000 worth of warrants, putting the valley on a cash basis up to August 15. 1932: The current expense fund indebtedness was reduced to $199,000. Votes cost $6 apiece in Naches the other day when supervisors for the Yakima county drainage district were elected. Two votes were cast and the cost of the election was $12. One hundred fifty loggers returned to work at the Ostrander Railway & Timber company after having been laid off for the past ten days on account of cold weather. The Yakima County Grange council has voted to ask the state legislature to return 1 cent a gallon additional of gasoline tax funds to the counties for road purposes, making cents in all. South Bend's recent city election slipped by practically unnoticed. Probably not to exceed 100 votes were cast. There were no contests. The election cost the taxpayers approximately $150 to $175. A dividend of $30,000 was paid depositors of the Cashmere and Dryden State banks last week, according to E. W. Ostenberg, special deputy supervisor of banking, liquidating both banks. County Auditor Sarilda McKeown has announced that the direct cost of the general election was $3636 in Stevens county. There were 7171 votes cast, making the cost for each about 50 cents. A prisoner being taken to the Chelan county jail for mental examination escaped and six people were hurt when a car loaded with deputy sheriffs seeking him collided with another car on the highway near Monitor. D. A. Vancil, 70, lost his right foot to a buzz saw at Prosser last week. A block of wood became lodged under the saw and in an attempt to kick it out his leg came in contact with the saw and was severed at the ankle. There can be no greater rage than this: City water department employes digging a ditch turned up a rattlesnake that had hibernated a foot below the surface. Furious at being disturbed the snake went into a frenzy and bit itself to death. Increase in Seattle's taxicab fares has been recommended by the city council safety committee. The proposed rise, on a sliding scale depending on the length of the ride, amounts to a dime on a five-mile trip. Fred Peterson, a farmer near A1bion heard a commotion among his chickens. It was caused by a large arctic owl, which he killed. The bird had a wing spread of 57 inches and measured 21 inches from "bill" to tail. Fire swept through the main structure of the Schafer Brothers Lumber & Shingle company mill No. 1 at Montesano recently and threatened the lumber schooner Hubert Schafer, owned by the same firm, docked nearby. A cordwood pile of regulation height and width, four feet each way, and 10.43 miles long. is estimated as the amount of timber cut from the Walla Walla district of the Umatilla national forest under permit during the summer of 1932. Walter Kimmerly, county auditor at Walla Walla, received word from the state attorney general's office that the county game commissioners are to remain in office and in charge until the new state game commission is appointed and organized. A bill to broaden the powers and duties of the Washington state highway patrol to give the value and importance of a state police system will be pushed in the next session of the legislature by the Washington State Sheriff's asso- Motorists recently reported great flocks of seagulls at the conjunction of the Klickitat and Columbia rivers at Lyle, attracted by the unusually heavy annual run of dog salmon. The fish spawned and died, furnishing a feast for these graceful scavengers. Charges and counter charges flew between residential district and downtown meat dealers of Yakima at a city commission meeting there when downtown proprietors attempted to have the annual license fee boosted from $25 to $100 year. Predatory animals slew 565 deer in the Mount Baker national forest this year compared with 34 killed by men, but hunters scored highest in the number of bears killed, felling 19 to the one dropped by a cougar, according to reports filed by rangers. A class of woodturning and construction work is being offered to women at the State Normal school at Cheney. Woodturning includes the making of such articles as rollingpins, tool handles, gavels, candlesticks, lamps. pin trays, jewel boxes, and nut bowls. The Chelan county commissioners last week opened bids for that county's share of a joint state and county project, which calls for elimination of the last two "death curves" on the Chelan-Wenatchee highway, both at underpasses on the Great Northern railway. Yakima apple shippers who have forwarded apples under standard ventilation have changed to heater service in transit. No reports of damage to fruit on the road on account of the extreme cold have been received at Yakima, but some cars shipped from Wenatchee have been frozen. The city council of Davenport denied a petition of the Wenatchee Chamber of Commerce for a permit to erect a large sign at the intersection of the North Central and Sunset highways at Davenport. The action was taken after 12 property owners near the proposed site of the sign protested. Indian police officers of Toppenish are looking for the "world's meanest man." They discovered the theft of 600 pounds of bacon, beans, flour and sugar from a warehouse at Fort Simcoe, near Toppenish, The food. government