22236. Bank of Ocosta (Ocosta, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 11, 1895
Location
Ocosta, Washington (46.889, -124.039)

Metadata

Model
gpt-5-mini
Short Digest
fc8950ed

Response Measures

None

Description

Multiple contemporary papers (June 11–13, 1895) report the Bank of Ocosta suspended payments and a receiver (Dr. F. L. Carr) was appointed by the court. No article describes a depositor run prior to suspension. Appointment of a receiver indicates formal closure/supervision rather than a mere temporary liquidity pause; classified as suspension leading to closure (receiver).

Events (1)

1. June 11, 1895 Suspension
Cause
Government Action
Cause Details
Bank suspended payments and a receiver (Dr. F. L. Carr) was appointed by the court/judge; assets said sufficient to cover liabilities but the court placed bank under receivership.
Newspaper Excerpt
A Ledger special from Ocosta says that the Bank of Ocosta temporarily suspended to-day, and Dr. F. L. Carr was appointed receiver.
Source
newspapers

Newspaper Articles (11)

Article from The San Francisco Call, June 12, 1895

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Failure of an Ocosta Bank. TACOMA, WASH., June 11.-A Ledger special from Ocosta says that the Bank of Ocosta temporarily suspended to-day, and Dr. F. L. Carr was appointed receiver. The assets are supposed to be sufficient to cover all liabilities.


Article from The Seattle Post-Intelligencer, June 13, 1895

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The Ocosta Bank Failure. Ocosta, June 12.-Special.-The Bank of Ocosta discontinued business at the end of the week past. At first it was supposed that the depositors would be handed back their deposits as the bank has not paid expenses of late, but it now develops that the bank people have too many securities. It is also learned that a prominent townsman offered to furnish the capital in exchange for hone-half of these if others would take the balance, but it is not thought this will be met. The failure comes very hard on those having deposits tied up at this time, but there is no excitement and no one seems to blame Senator Deckaback, its president, but rather sympathize instead. F. L. Carr has been appointed receiver of the Bank of Ocosta and has formally taken possession of the bank.


Article from Aberdeen Herald, June 13, 1895

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COUNTY, STATE AND GENERAL. COUNTY HAPPENINGS. FROM OCOSTA. Attorney Scofield is in town from Montesano. F. G. Deckebach went up to Tacoma, Tuesday. Edmund Croft came in from Markham Tuesday. Rev. J. R. Thompson is in Aberdeen this week. Mrs. Bowman, of Johns river, was in town Friday. Judge Phillips, of Westport, was on our streets Tuesday. Geo. Traveris was over from Westport the first of the week. John Jensma went to Aberdeen, Monday, to do some trading. O. A. Sherwood was in Montesano, Monday, attending court. Several Ocostans took in the excursion to the beach last Sunday. C. Flowers was in town from South bay Tuesday, with butter and eggs. N. Vorhies, an old resident of the upper Johns river, was in town Saturday night. The Tacoma & Ocosta Lumber Co. has started a logging camp on the Hines place. The steamer Josie Burrows landed at our wharf about eleven o'clock Monday night. Mr. and Mrs. Stamper returned Saturday after spending severaly days in Tacoma visiting friends and relatives. The Sea Light came into the Ocosta dock, Sunday, and took on board several tons of flour for the Queets country. Our fellow-citizen, Jerry Fortain, was honored at the recent convention of Odd Fellows, held in Tacoma, by being elected Grand Master. The District Session of the Chehalis County I. O. G. T. will be held here the 25th and 26th of this month. The subordinate members of the lodge at this place are making great preparations to receive and entertain their visitors in grand style. Mr. Deckebach will you please explain to the public why you attached your signature to those petitions that were sent in to the headquarters of the Northern Pacific railroad, asking the discharge of certain of their employees at this place; and do you know that one of those men you had discharged has been on the county, and his family is in a destitute condition? The Bank of Ocosta has closed its doors and Judge Irwin has appointed F. L. Carr, of Montesano, as receiver. He came down Tuesday and took possession. The depositors are pretty badly worked up about it, for most of them are poor people who have lived economically to save up some money, and it will be hard on them if they have to lose what little they have saved,


Article from Aberdeen Herald, June 13, 1895

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BRIEF MENTION. Bicycle Shoes at JEFF'S. A. W. Strange was over from Cosmopolis today. Dell Cummings, of Montesano, was in town yesterday. R. M. Nims, of Cosmopolis, registered at the Pacific, Monday. Some bargains in real estate are offered on the fourth page. Daniel Gillies and H. R. Taylor were down from Elma this week. The colored minstrels, tonight, at the Acme opera house. 25 and 50 cents. The Episcopalians contemplate building a church at Cosmopolis this summer. Get one of those warranted axes at F. L. Carman & Co.'s new hardware store. F. L. Smith and E. L. Rouse, of Satsop, were over Sunday visitors in town. All grades shingles for sale or trade. BOB LOWRY, Pacific Hotel, Aberdeen. BORN-Monday, June 10th, to Mr. and Mrs A Sagendorph. a fine 10-pound son. Eugene Shelley writes to his brothers that his prospects are good for an excellent crop. M F Hill, our champion cyclist, returned Tuesday after a fairly successful tour through the Northwest on his racer. J H Rutherford has been awarded the contract by the commissioners for forty cords of alder wood at $2.50 per cord. The dispatches announce that Peter F. Clark has been appointed postmaster of Aberdeen. No official notice has been received yet. The game of ball Sunday resulted in considerable noise and a victory for Aberdeen over Hoquiam by a score of 31 to 8. Another new house was started the past week, Mr. J. R. Harper having begun the erection of a residence on the lot adjoining the Methodist parsonage. At the school election Monday there was but one ticket, and a light vote was polled. N S Arnold for director received 110; W B Mack, clerk, 7; scattering votes 7. Special elections will be held in road district No 25 June 29; in district No 29 June 29; and in district No 34 June 28, to vote on the question of a special tax for road purposes. Alexander R Underwood, of Quiniault, a Mexican war survivor, has just been granted an increase of pension. James King, of Hoquiam, has had his pension reduced to $6 per month. Caldwell Bros & Watson have been awarded the contract for the Matt Matzen road. The price is six cents per lineal foot for clearing, thirteen cents for grading and fifty cents for culyeits. Albert Phillips was up from Ocosta Monday. He says the mills are running nearly all of the time, and that the men who have been idle the past two years are gradually getting work. 5 The bank of Ocosta closed its doors Tuesday, and Dr. F. L. Carr was appointed receiver by Judge Irwin. From what we can learn the assets are supposed to cover the liabilities, if they can be realized on. None of the other banks in the county will be affected by t the failure. The A o U W held its regular election last Friday evening, and the following officers were chosen S K Bowes, P M W; H Berliner, M W; W B Mack, Foreman; James Beckey, Overseer; G W Shelley, Recorder; D McLafferty, financier; Chas R Pratsch, receiver; D H Keith, guide; Julius Heyer, inner M watchman; Wm Loucks, outer watchman. b Marcus Nodine, ex-mayor of Ocosta, gets nothing for all the mental agony he e suffered through having the people of his town say mean things about him. The $10,000 libel suit which he brought against about fifty Ocostonians has been decided against him. The jury that pab tiently listened to his troubles for several days returned a verdict in favor of the de8 fense. Preparations for the Fourth of July celebration are progressing, a complete c program will probably be ready for pube lication next week. One of the attractions will be a game of ball between Aberdeen and a club from one of the 80 surrounding towns. We understand the fire department has been invited to go to Centralia to participate in a contest for a $50 prize. Centralia and Chehalis will unite in celebrating the Fourth this year at the


Article from The Globe-Republican, June 14, 1895

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Tocoma, Wash., June 11.-The Bank of Ocosta temporarily suspended today and Dr. F. L. .Carr was appointed receiver.


Article from The Dickinson Press, June 15, 1895

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Temporary Supervision. Tacoma, Wash., June 13.-The Bank of Ocosta temporarily suspended today. Assets are supposed to be sufficient to cover all liabilities.


Article from The Diamond Drill, June 15, 1895

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the lake at Cleveland while bathing. G. D. MOORE, postmäster at Keavy, Ky., and Tipton Steern, assistant postmaster, fought with pistols and both were instantly killed. Jealousy was the cause. BARNEY FREEMAN and Will McGill, of Constantine, Mich., each 15 years old, were drowned in a mill pond while bathing. REV. GRANLEAF LEE. pastor of the colored Baptist church at Double Springs, Ala., died suddenly in his pulpit while preaching. BILL COLLINS (colored) was lynched by a mob in a swamp near Mayo, Fla., for attempted assault on Jeanette Allen, a young white woman. SADIE and Dora Anthony. Sarah Booth and Rosa Rimer were drowned while bathing in Stump creek near Dubois, Pa. FIRE destroyed the lumber yards, planing mill and sash. door and blind factory of Dewing & Sons at Kalamazoo, Mich., besides seven brick and frame stores, the total loss being $200,*000 SOME sixty settlers on government land in Gregory county, S. D., have been dispossessed of their claims by al recent survey. THE visible supply of grain in the United States on the 10th was: Wheat, 49,675,000 bushels: corn, 11,583,000 bushels; oats, 8,749,000 bushels; rye, 127,000 bushels: barlev, 94,000 bushels. LIZZIE COLEMAN, the 14-year-old daughter of William Coleman, of Osterville. Mass, was shot and killed by Henry Ledetke, who then killed himself. Jealousy was the cause. THE consolidation of the Laclede and Merchants' national banks of St. Louis reported. SUM WHILE the funeral procession of Mary 18 church the on Sujo.8 SUM Mattoon, Ill.. her mother, Mrs. James McElligott, fainted and died in twenty minutes. EVERY saloon in Des Moines, Ia., was closed by order of Judge Spurrier, who said that the provisions of the mulet law had not been complied with. THREE tramps, Ed Evans, of Pittsburgh, Steve Goddinger and an unuo wereb B up PHP элэм ивш имоня the Big Four road at Sidney, O., and George Brown, of Latonia, was fatally injured. THE coal miners of Ohio, by a vote of -JO the accept 04 decided '198'$ 04 160's fer of the operators to go to work for fifty-one cents per ton. THE safe in the store of James E. Hutchings at Lowell, Me., was opened and cash, stocks, bonds and securities to the amount of $50,000 were stolen. A TORNADO 20 miles east of Perry, O. T., blew down. twenty houses and several persons were hurt. SECRETARY HERBERT issued orders to the Raleigh to proceed at once to Key West, Fla., to watch for filibusters and see that no more expeditions leave for Cuba with contrabands or men for the insurgents. THE Santa Fe round-house and repair shops in ArkansasCity, Kan., with all their contents, were burned, the loss being $100,000. SECRETARY OLNEY was formally installed as head of the state department, the oath of office being administered by Chief Justice Fuller. A LARGE number of negroes from various portions of Missouri met in Kansas City to form a permanent organization having for its object the welfare and advancement of the colored race. FIRE that started in the rear of the Calumet Furniture company's store in South Chicago caused a loss of $100,000. THE Bank of Commerce, the oldest banking house in Indianapolis, suspended business. MRS. HERMAN BECKER, aged 34, killed her two children, aged 4 and 5, at St Louis, Mich., and then took. her own life.. She left a letter saying that she pue children the Mere os pus sick SUM they must die. -4ujodd= SUM WELTER T ed private secretary to Secretary of State Olney, to succeed Mr. Landis. FOREST fires are doing immense damage in various parts of Pennsylvania, chiefly in the neighborhood of Oswayo, Bradford, Sharon Center and Watson THEM -1" se up SEM NORHVH NOSCINT torney general of the United States by Justice Harlan, of the supreme court. THE Bank of Ocosta, Wash., susperments pepued FURNITURE manufacturers met at Grand Rapids, Mich.. and decided to raise prices on account of increased materials JO 3800 THE supreme lodge of the Ancient Order of United Workmen convened in annual session in Chicago. THE long drought in Illinois was broken by copious rains which fell throughout the state. WILLIAM JOHNSON (colored), who assaulted the 7-year-old daughter of Rob18 qour B &q Insuch SEM que Lufkin, Tex. SUSAN COOK, aged 105 years, and the


Article from Aberdeen Herald, June 20, 1895

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SUPERIOR COURT PROCEEDINGS. Saturday, June 8-Frank Glick vs J M Weatherwax et al-Verdict for the defendants Simon Anderson vs North Pacific Fish Co-Verdict for the plaintiff in the sum of $38.08 Orvin B Hale vs N W Lumber Co— cause non-suited Order of adoption granted to H R Layporte et ux of Gracie Wilma Anderson, said child's name changed to Gracie Wilma Layport Town of Elma vs E C Payne-Verdict of guilty West Publishing Co vs I W MasonVerdict for the plaintiff in the sum of $100 F R Wall vs J F Girton-Judgment on the verdict granted C R Wilson et al vs J A Graham et al -cause dismissed Dennis Wortman vs N Vorhies et aldecree of foreclosure as to the interest of N Vorhies C R Wilson et al vs W P Book et alAll the demurrers in the cause submitted to the court and the same taken under advisement Chalmers VS Blair et al-motion for confirmation of sale set for hearing for the 15th C S Clarke VS Tena C Horr et al-Tender made by the defendants accepted and the cause dismissed R P Porter vs Bank of Ocostn-F L Carr appointed receiver of the said bank and his bond fixed at the sum of $14,000; amount of assets are $7,000 with liabilities at $4,000 NEW CASES FILED. State of Washington VS W P LallyGrand larceny Carrie B Story vs J A Graham et alRights of property C S Clarke vs Tena C Horr et al-Foreclosure of mortgage R P Porter vs Bank of Ocosta-For the appointment of a receiver W H Bush VS J G Lewis-Mandamus to compel the treasurer to endorse certain warrants


Article from The Princeton Union, June 20, 1895

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Otherwise. It is said that New York's former police board wasted thousands of dollars. Senator Wolcott has purchased the Douglass and Brown group of mines in Nevada for $600,000. The Bank of Ocosta, Wash.. has suspended payments and a receiver has been appointed. Senator Brice has announced his intention of becoming a candidate for re-election for the United States senate. A jury at Perry, Ok., found the presiding judge guilty of drunkenness, instead of the defendant, and assessed costs on the court. Rev. J. A. Van Dorn of Beloit, Wis., has secured a divorce from his wife, a former salvationist, on the grounds of desertion. J. C. Scace of Laporte, Ind., dealer in millinery and notions, has made a voluntary assignment. Assets, $5,000; liabilities, $18,000. Twelve hundred Christian Endeavorites in session at Fort Worth, Tex., resolved to never cease fighting the sale of liquor. Florida will not have a railroad commission, the bill for its formation having been defeated by a decisive vote in the legislature. Southwestern winter-wheat millers met in convention at Kansas City, Mo., adopted reports and discussed the present crop outlook. Three years ago Mexican lines organized an airtight pool on tonnage to and from the United States. It has just gone to pieces, with the usual result of a rate war of large proportions. At Newport, the Pennsylvania road will build the finest bridge across the Ohio. Its channel span will be 510 feet. Preliminary work on the bridge is being done by a force of 200 men. Electricity was turned on in the new Baltimore & Ohio tunnel at Baltimore. It will be the sole motive power and the tunnel will be made as light as day from the same source. George Young Tweed, a son of the notorious "Boss" has been missing from the place where he lived, at 232 West Forty-fourth street, New York, for eleven days. Dennis Kane died of sunstroke in Burr Oak, Mich. He drove to that village with the hired man to erect a monument in the cemetery and while there was stricken down and died in less than an hour. The United States circuit court at Kansas City entered a judgment for $68,004 against the Metropolitan Street Railroad company in favor of the Cullman Palace Car company for the value of tweaty-five cable cars made for the Metropolitan company.


Article from The Pioneer Express, June 28, 1895

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Otherwise. Rich gold fields have been found on Boggy creek, Ok. It is said that New York's former police board wasted thousands of dollars. Senator Wolcott has purchased the Douglass and Brown group of mines in Nevada for $000,000. The condition of the national banks of the country is shown to be excellent. The training ship Monongabela left Annapolis for a cruise with the naval cadets. The Bank of Ocosta, Wash.. has suspended payments and a receiver has been appointed. Senator Brice has announced his intention of becoming a candidate for re-election for the United States senate. A jury at Perry, Ok., found the presiding judge guilty of drunkenness, in. stead of the defendant, and assessed costs on the court. Rev. J. A. Van Dorn of Beloit, Wis., has secured a divorce from his wife, a former salvationist, on the grounds of desertion. C. Scace of Laporte, Ind., dealer in millinery and notions, has made a voluntary assignment. Assets, $5,000; liabilities, $18,000. Twelve hundred Christian Endeavorites in session at Fort Worth, Tex., resolved to never cease fighting the sale of liquor. Florida will not have a railroad commission, the bill for its formation having been defeated by a decisive vote in the legislature. Southwestern winter-wheat millers met in convention at Kansas City, Mo., adopted reports and discussed the present crop outlook. Three years ago Mexican lines organized an airtight pool on tonnage to and from the United States. It has just gone to pieces, with the usual result of a rate war of laige proportions. At Newport, the Pennsylvania road will build the finest bridge across the Ohio. Its channel span will be 510 feet. Preliminary work on the bridge is being done by a force of 200 men. Electricity was turned on In the new Baltimore & Ohio tunnel at Baltimore. It will be the sole motive power and the tunnel will be made as light af day from the same source. George Young Tweed, a son of the motorious "Boms" has been missing from the place where he lived, at 232 West Forty-fourth street, New York, for eleven days. Deenis Kane died of sunstroke in Burr Oak, Mich. He drove to that village with the hired man to erect a montment in the cemetery and while there was stricken down and died in lease than an hour. The United States circuit court at Kansas City entered a judgment for 868,004 against the Metropolitan Street Railroad company in favor of the Pullman Palace Car company for the value of twenty-Ave cable care made for the Metropolitan company.


Article from Aberdeen Herald, June 13, 1915

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Twenty Years FROM ABERDEEN HERALI June 13, 1895. The dispatches announce that P F. Clark has been appointed master at Aberdeen. No official has been received yet. Another new house was started past week, Mr. J. R. Harper begun the erection of a residence the lot adjoining the Method:st sonage. i At the school election Monday was but one ticket, and a light was polled. N. S. Arnold for dir received 110; W. B. Mack, clerk. scattering votes, 7. I Caldwell Bros. & Watson have awarded the contract for the Matt zen road. The price is six cents lineal foot for clearing, thirteen for grading and fifty cents for culve The bank of Ocosta closed its Tuesday, and Dr. F. L. Carr was pointed receiver by Judge Irwin. what we can learn the assets are posed to cover the liabilities, if can be realized on. None of the banks in the county will be at by the failure. The A. O. U. W. held its reg election last Friday evening, and following officers were chosen: Bowes, P. M. W.; H. Berliner, W. B. Mack, foreman; James overseer; G. W. Shelley, recorder; McLafferty, financier; Chas. Pratsch, receiver; D. H. Keith, Julius Heyer, inner watchman; Loucks, outer watchman. Marcus Nodine, ex-mayor of gets nothing for all the mental he suffered through having the of his town say mean things al him. The $10,000 libel suit which brought against about fifty Ocost ians has been decided against The jury that patiently listened to troubles for several days returned verdict in favor of the defense.