22253. Orting State Bank (Orting, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1892*
Location
Orting, Washington (47.098, -122.204)

Metadata

Model
gpt-5-mini
Short Digest
f3316c15

Response Measures

None

Description

The articles describe the Orting State Bank as having closed previously ('when the bank closed a couple of years ago') with a receiver appointed (Receiver Boardman). Cashier/manager indicted for embezzlement. Receiver later reports the bank able to pay its debts, indicating the bank remained closed/defunct under receivership rather than reopening. No explicit run is described.

Events (2)

1. January 1, 1892* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure followed discovery/allegations of embezzlement by the cashier/manager (Yarrington) and apparent insolvency; grand jury indictment for embezzlement mentioned in article.
Newspaper Excerpt
When the bank closed a couple of years ago ... It was believed at that time that there was $6,000 in the Orting bank, but Receiver Board reported less than $100.
Source
newspapers
2. January 4, 1894 Receivership
Newspaper Excerpt
Receiver Boardman, of the Orting bank, reports the bank able to pay its debts, and says the stockholders will settle without further costs.
Source
newspapers

Newspaper Articles (2)

Article from The Seattle Post-Intelligencer, January 4, 1894

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Article Text

Brief Tacoma News TACOMA, Jan. 8.-[Special.] - Burglars with a diamond cut out a portion of the glass in the office door of Dr. W. E. Burkhart, president of the Burkhart Dental Supply Company, while he was at lunch last night. Then they unlocked the door from the inside, rified the safe, securing $2,000 in notes and checks and $81 in cash. There is no clue. Robert Pollock has again been appointed guardian of pioneer William Pollock. Receiver Boardman, of the Orting bank, reports the bank able to pay its debts, and says the stockholders will settle without further costs. Requisition papers for defaulting Cashier Densmore, of the bank of Buckley, were sent forward to Baltimore last night. Everett Griggs, son of Col. C. W. Griggs, prominent in society and a leading attorney, has been appointed superintendent of the St. Paul and Tacoma Lumber Company's mill, vice George C. Salts, resigned. Mr. Salts will act as traveling salesman for the company. A. J. White, of Puyallup, was ordered taken to the Steilacoom asylum today, the testimony given on the charge of insanity being to the effect that he meditated suicide. However, he escaped from custody yesterday while the evidence was being received and was not found until today, and in the meantime. had not made any attempt upon his life. After his escape a warrant was sworn out for his arrest. He was found at his home at Puyaliup. Harry Woodruff states that he did not have any connection with the Vivienda Club ball, and that he did not give his invitation to any one. Deputy Sheriff A. Chisholm will remain as night jailer until the return of Sheriff Matthews from Baltimore. Work on the Eleventh street bridge is promised as soon as the right-of-way deeds are secured. The city council has ordered that no bids be let for the work until the same are approved by it. The board of public works does not expect to recognize this order. It has been stated that there is to be fraud in the letting of the bridge contract. Others than native-born citizens are compelled to exhibit their naturalization papers when applying for registration for the city election. Some old residents object to this. Ex-Clerk J. Edward Webb, of the county commissioners, has been suffering for three months with an improperly set leg. A piece of the bone has been removed and he is able to be out again. J. F. Hewitt's house, in the north end, was damaged $500 by fire today. His household goods were also damaged. Dick Johnson and Jack Burke fought a six-round prizefight at Wilkeson this week. It was a draw, and the men, who live here, will fight again. They were to have fought here Saturday night. The $2,000 in checks and notes stolen last night from Dr. Burkart's office were found tonight in an alley, where thrown by the thieves. Suit was begun today by the Tacoma National bank vs. Otis Sprague for $1,000 on notes. Mr. Sprague says he did not sign the notes. # Mining Resources of the United States. WASHINGTON CITY, Jan. 3. The report on the mining resources of the country, prepared by Chief Day, of the division of mining statistics of the geological survey, shows that high-water mark in mineral production was reached in 1892, both in this and every other country. The total value of all mineral products for that year was $684,778,768, or $20,000,000 greater than for any previous year, Among the large gains was 877,130 tons in pig iron, with an aggregate product of 9,157,000 tons, valued at $131,161,039. Gold showed a slight loss, the year's product, valued at $33,000,000, being 1,506,375 ounces. Copper gained 57,465,666 pounds, making an aggregate of 353,275,742 pounds, valued at $37,977,142. Lead gained 10,856 tons, aggregating 213,262 tons, valued at $17,060,960, There was a loss of 7,000 tons in zinc, Aluminum was almost doubled. The year's product of zinc aggregated 87,260 tons, valued at $8,027,920; quicksilver, 27,993 fiasks, valued at $1,245,689; tin from mines of California, 160,000 pounds, aggregate for the year 162,000 pounds, valued at $32,400; nickel, 92,252 pounds, valued at $50,739; aluminum, 259,885 pounds, valued at $172,824, Bituminous coal increased 8,000,000 tons, making a total of 113,237,845 tons, valued at $125,195,139. Petroleum is declining. In 1891 there were 54,000,000 barrels produced, but only 50,500,136, valued at $26,034,196 in 1892. Natural gas is also falling off both in quantity and value. Its high-water mark was reached in 1888, when the product was valued at $22,629,875, The quantities and value of other non-metallic products during the year follows: Building stone, value $48,706,625; time, 65,000,000 barrels, value $40,000,000; natural gas, value $14,800,714; cement, 8,758,621 barreis, value $7,152,750; salt, 11,698,890 barrels, value, $5,654,915; phosphate rock, 681,581 tons, value, $3,296,227; limestone for iron flux, 5.172,114 tons, value, $3,620,480; mineral waters, 21,876,604 gallons, value, $4,900,970; zinc, white, 27,500 tons, value, $2,200,000; potters' clav, 420,000 tons, vaine, $1,000,000, The total value of metallic minerals for the year was $303,775,629; non-metallic, $371,003,109; unspecified minerals, $10,000,000, The report reviews in detail the use of aluminum and states that the principal use of the new metal in future will be in cooking utensils, The use of the principal minerals in the first six months of last year is also reviewed, showing a great decline in production, as anticipated from the general monetary depression. The total production of silver was 58,000,000 ounces, valuation $74,989,900. The amount is an increase of 877,130 ounces for the year. The increased valuation of the product for the year is $2,823,054, Unique and Exquisite. The interior of the compartment car on the North-Western line is like a kingly palace, a palatial residence or an Arabian Nights dream of plendor-as the visitor may regard it


Article from The Seattle Post-Intelligencer, January 30, 1894

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Article Text

TACOMA BUREAU OF THE POST-INTELLIGENCER, 1116 PACIFIC AVENUE THOMAS SAMMONS, MANAGER. THEY DEMAND MONEY. Depositors of Merchants' National Threaten Violence. AN ORTING BANKER INDICTED. The Misgovernment of Tacoma-Salaries of Councilmon-Water Supply From Lake Kapousin. TACOMA, Jan.29.-[Special.)-Much anxlety has resulted from the statement that some of the depositors of the Merchants' National bank would do violence to some of the officers of the bank if the grand jury tailed to indict, and the money which they lost in the bank was not returned to them; also that those of the officers of the bank who had transferred their property in order that it could not be taken from them by virtue of the assessment of the capital stock made by Comptroller Eckels in order to settle with depositors, shall be compelled, upon the threat of violence, to return the same and place it at the disposal of the depositors in adjusting their claims. Depositors who were understood to have made these threats of violence say they will do nothing until the grand jury concludes its labors, and simply insist that if their claims are not paid there will be trouble. Others are willing to wait for the Federal grand jury to deal with the matter, and will not be disappointed if the county grand jury fails to indict. Cashier and Manager Yarrington, of the defunct Orting state bank, which the POST-INTELLIGENCER stated yesterday was being investigated, has been indicted by the grand jury, charged with embezzlement. The court was not in session today owing to the death of W. H. Calkins, and the same was not presented in open court. When the bank closed a couple of years ago President Harry Ball, of the National Bank of the Republic, of this city, was president of the Orting institution. It was believed at that time that there was $6,000 in the Orting bank, but Receiver Board reported less than $100.