22443. Traders Bank (Tacoma, WA)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: July 21, 1893
Location: Tacoma, Washington (47.253, -122.444)

Metadata

Model: gpt-5-mini
Short Digest: 1932716e

Response Measures

Capital injected, Full suspension

Other: Sequence: initial suspension July 1893 after heavy withdrawals (run), reopening Jan 24, 1894, final suspension and liquidation May 19, 1894.

Description

Traders' Bank experienced heavy/steady withdrawals leading to suspension on 1893-07-21; a receiver was appointed. The bank reopened 1894-01-24, but then suspended again and went into liquidation with a receiver appointed on 1894-05-19. I classify overall episode as run -> suspension -> eventual permanent closure (liquidation).

Events (6)

1. July 21, 1893 Run

Cause: Bank Specific Adverse Info
Cause Details: Steady, large withdrawals since October reduced deposits from about $960,000 to $170,000 (continued drain), producing a run/withdrawal pressure and inability to procure ready money.
Measures: Noted attempts to negotiate a New York loan; trustees later posted security; receiver appointed subsequently.
Newspaper Excerpt: The Traders Bank, of Tacoma, failed to open for business this morning. The bank's suspension is due to inability to procure ready money. Its securities are sufficient to pay all obligations and leave a large surplus. Without any run or excitement the deposits of the bank have by a steady drain been reduced since October over eighty per .cent.
Source: newspapers

2. July 21, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Inability to procure ready money because of continued withdrawals/drain on deposits; court appointed receiver A. G. Foster for the suspended bank.
Newspaper Excerpt: The Traders' bank did not open its doors this morning. Previous to the usual hour notice was posted that the bank had suspended payment. Later A. G. Foster was appointed receiver on the application of L B. Lockwood...
Source: newspapers

3. January 24, 1894 Reopening

Newspaper Excerpt: The Traders' bank which suspended July 2, will open its doors tomorrow morning. President Fitch says arrangements have been completed whereby the bank will open with increased strength, and every depositor who desires his money can have the same on presentation of his claims. Four of our trustees ... have put up out of their private funds ample security to meet every possible contingency . (Jan. 24 report.)
Source: newspapers

4. May 19, 1894 Receivership

Newspaper Excerpt: Just previous to the opening of the Superior Court this morning an application was filed ... requesting the court to appoint a receiver for the Traders' Bank of Tacoma. The court appointed Leonard Howarth ... The bank will liquidate.
Source: newspapers

5. May 19, 1894 Suspension

Cause: Bank Specific Adverse Info
Cause Details: After reopening deposits fell again (from $150,000 to $55,000) and largest stockholders decided to close and liquidate; trustees applied for receiver and bank to liquidate.
Newspaper Excerpt: TACOMA, Wash., May 19.-The Traders' bank of Tacoma suspended payment this morning and a receiver was appointed. This bank failed last summer and reopened a few months ago. It is said all depositors will be paid.
Source: newspapers

6. January 2, 1895 Other

Newspaper Excerpt: In his fifth report to the court ... there are $119,352 in unsecured claims, and a balance of $12,127 on hand. He is prepared to declare a 10 per cent. dividend when the court orders it.
Source: newspapers

Newspaper Articles (20)

1. July 22, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, July 22, 1893

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Telegraphic Tersities. The Commercial Bank of Milwaukee, Wis., has made an assignment. The Johnson County Savings Bank, Warrensburg, Mo. suspended Thursday. The Bank of Crested Butte, Col., has closed. Assets, 865,000 : liabilities, $35,000. The Campbell Lumber Company, Can. ton, O., assigned yesterday for the benefit of creditors. The Traders' Bank, of Tacoma, Wash., failed to open for business yesterday morning owing to its inability to procure ready money. The cruiser Detroit was placed in commission at the Norfolk navy-yard yesterday and the gun-boat Machias at Ports. mouth, N. H. Mrs. William F. Patrick, daughter of the late William G. Brownlow. of Knoxville, Tenn., died yesterday afternoon after a prolonged illness. Vice. President Stevenson and party visited the points of interest at San Francisco yesterday, and at 2.30 in the afternoon took a train for Monterey. A colored woman and her two children were smothered to death in a tenementhouse fire early yesterday morning in the colored quarter of Savannah, Ga. Harry Hill, of Atlanta, charged with forgery and against whom additional warrants were sworn out after he had been released on bond, surrendered yesterday. Mail advices from Mazatlan, Mex., on the Pacific coast. are to the effect that yel. low-fever has made its appearance there, and that many deaths from the disease are reported daily. The Cairo (III.) harbor.boat A. Egans, belonging to the Cairo City Company, broke in two and sank in the Mississippi river at Greenlest's Bend Thursday night. Insured for $10,000. A dispatch from Rome states on good authority that there 18 no cholera at Napies. The dispatch adds, however, that there are several cases of suspicious sickness at Cueno, fifty-five miles southwest of Turin. The miniature battle-ship Bancroft arrived at Annapolis yesterday and was transferred to the charge of Superintendent Phythian. of the Naval Academy, for use in the practical instruction of cadets in the arts of modern warfare. Governor Lewelling, of Kansas, denies the report that he ordered Major- General Percy Daniels, of the State Guard, to goto Pittsburg and assume command of the troops to be sent there to prevent riots and violence among the striking coalminers. The Dutch steamer P. Caland, reported towed into Queenstown by the British steamer Damara, with a broken shaft, will be towed to Rotterdam for repairs. The passengers embarked on a Cork steamer for Millford, and will travel overland to Holland. A Branford (Fla.) special says the negro convict who criminally assaulted and murdered the 9-year-old daughter of Carr Elliott. in Lafayerte county, last week. was lynched Thursday night on the spot where he committed the crime by a mob numbering between three and four hundred. The negro confessed that he was guilty. M. Ducret. editor of the Paris Cocarde, who was arrested on a charge of complicity in the forgery of certain docu. ments alleged to have been stolen from the British Embassy in Paris, was yesterday committed for trial, Norton, the mulatto who furnished M. Ducret with the documents, being committed also on the charge of having forged them.

2. July 22, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, July 22, 1893

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MORE BANK FAILURES. The Commercial Bank of Milwaukee Makes an Assignment. MILWAUKEE, Wis., July 21.-People about the courthouse were thrown into a state of consternation about 10:30 o'clock this morning when an attorney jumped down stairs, two steps at a time, leading to the clerk of court's office and filed & voluntary assignment of the Commercial Bank. This haste was owing to the number of creditors hard on his heels who had attachments and executions to file. The assignee in the papers filed is A. B. Geilfuss, cashier of the bank, and his bond is placed at $1,200,000. His bondsmen are: Albert Conro, Charles F. Plister and E. Marion. The entire fund of the Milwaukee company, amounting to $310,624, was deposited in the Commercial Bank. The newly organized Milwaukee Electric Railway Company was also & depositor to the extent of $200,000. During the financial flurry a month ago, caused by the Lappen failure, and which resulted in the suspension of the Plankinton Bank, there was quite a run on the Commercial, but it has been generally believed that the institution would weather the storm. As there has been no trouble here for some time, the assignment this morning was a great surprise. TACOMA, Wash., July 21.-The Traders Bank, of Tacoma, failed to open for business this morning. The bank's suspension is due to inability to procure ready money. Its securities are sufficient to pay all obligations and leave a large surplus. Without any run or excitement the deposits of the bank have by a steady drain been reduced since October over eighty per .cent.

3. July 22, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 22, 1893

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CAUSED NO EXCITEMENT. A Receiver Appointed for the Suspended Traders' Bank. TACOMA, July 21.-By order of the Superior Court A. G. Foster WAS to-day ap. pointed receiver of the Traders' Bank. which has suspended temporarily. The chief cause was the continued withdrawal of deposits of October. During this time deposits decreased from $960,000 to $170,000. Negotiations are pending for a loan in New York, and word was received this afternoon that it would probably be successful. If so the bank will resume immediately. otherwise just as soon as cash can be realized on the bonds and other securities. President Fitch and Receiver Foster both say the assets will pay every obligation and leave a large surplus. The annual statement of the bank's condition on May 1 makes this showing: Resources-Loans on real estate, $5355; loans on personal securities, $1,035,729; due from banks, $33,605; cash on hand, $85,737. Total resources, $1,224,138. The liabilities are: Capital stock, all paid, $500,000; undivided profits, $58,276; certificates of deposit, $354,288; individual deposits, $203,047; deposits of banks, $108,526. Thereare sixtyfive stockholders of the bank, among them being Henry A. Strong, president of the Eastman Kodak Company of Rochester, N. Y., who is the largest, and John D. Rockefeller. The suspension caused no excitement, and no runs on other banks are anticipated.

4. July 22, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, July 22, 1893

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Traders' Bank, of Tacoma, Suspends. TACOMA, July 21. - [Special.] - The Traders' bank did not open its doors this morning. Previous to the usual hour notice was posted that the bank had suspended payment. Later A. G. Foster was appointed receiver on the application of L B. Lockwood, who alleged that a check for $50 presented by him at the bank had not been paid, and that the bank was insolvent. 7 The Traders' bank has been considered one of the most reputable in the state, its trustees being Col. C. W. Griggs, George Browne, of the St. Paul & Tacoma Lumber Company: Henry Hewitt, jr., Dr. H. C. Bostwick, H. A. Strong, of the Eastman Manufacturing Company, of Rochester, N. Y., which manufactures the kodak camera; Paul Schulze, general land agent of the Northern Pacific: A. N. Fitch president, and H. L Achilles, cashier. President Fitch says: "The temporary suspension is due to our inability to realize readily on our securities. which are ample. The bank will reopen." Ii is generally believed that the suspension will be for a short time only. The bank. when able to realize on securities, will andoubtedly pay every depositor in full and have & large surplus.

5. July 23, 1893 The Sun New York, NY

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Western Banks that Are Closed. GREELEY. Col., July 22-The Union Bank made an assignment yesterday morning to James F. Benedict of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditors take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. TACOMA. Wash., July 22.-A. G. Foster was appointed receiver of the Traders' Bank yea. terday. President Fitch states that the assets will pay all the obligations and leave a large surplus. Henry A. Strong of Rochester. N. 1.0 and John D. Rockefeller were the largess stockholders. It is expected that the bank will resume soon. TOPEKA. Kan., July 22.-The First National Bank of Anthony closed its doors yesterday and posted up notice of assignment. Its ase sets are $154, 000 and liabilities $50,000. RUSSELL. Kan., July 22.-The First National Bank of this place closed this afternoon. and was taken possession of by C. M. Sawyer on order of the Comptroller of the Currency. No statement is made. WASHINGTON. July 22.-The Comptroller has appointed William A. Rice receiver of the Puget Sound National Bank of Everett. Wash., and Mr. George 8. Hoffmann receiver of the Bozeman National Bank. Bozeman. Mont.

6. January 25, 1894 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, January 25, 1894

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WILL RESUME BUSINESS. Tacoma, Jan. 24.-The Traders' Bank, suspended last August, will resume business tomorrow.

7. January 25, 1894 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, January 25, 1894

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Traders' Bank to Reopen Today. TACOMA, Jan. 24.-The Traders' bank which suspended July 2, will open its doors tomorrow morning. President Fitch says arrangemente have been completed whereby the bank will open with increased strength, and overy depositor who desires his money can have the same on presentation of his claims. "Four of our trustees," said Mr. Fitch, "Col. C. W. Griggs, Henry Hewitt, jr., Henry A. Strong and George Browne, have put up out of their private funds ample security to meet every possible contingency, and there never was any question about depositors receiving the face value of their deposits."

8. February 9, 1894 Idaho County Free Press Grangeville, ID

Article from Idaho County Free Press, February 9, 1894

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SHI 40 SMIN The Colgate rescue party has returned The deep snow drove them back. The world's sugar plantations produce every year 6,000,000 tons of sugar. One county in New Jersey sends New York ten car loads of lettuce a Waterville has offered the Great North ern line. a graded right of way for a branci About $10,000 worth of opium is to be house. sold at the Port Townsend custor Fifteen offers have been received fo bonds. Spokane's proposed issue of municipa The Traders' bank of Tacoma, whic business. suspended last August, has resume Goldsmith & Co., clothiers of Spokane assigned Saturday. Assets are $41,000 liabilities unknown. Burglars drilled a hole into the safe the Dallas, Oregon, postoffice Monda night and secured about $600. The Congress mine, near Phoenix Ariz., which has been idle a year more, has been bonded for $1,000,000. Ex.Governor Campbell, of Ohio, made an assignment. Senator Brice John R. creditors. McLean are among the heavier During a quarrel in Chicago Wedne day, Patrolman Bacon shot and kille Police arrested. Officer Charles Arado. Bacon Jacob A. Anderson, a Scandinavia fell f-om the gang plank of the steam Oklahoma, below Portland, Friday, was drowned, The number of pensioners on the December 31, last, was 130 more the the 1st of July, and the number of pending, 711,150. R. H. Ormsbee, the well known ney of Waitsburg, Wash., is lying us more sureeds st H 'III Revously tack of pneumonia. At Mesa City, A. T., Sunday, W. Burton committed suicide by takir B u! | affair was the cause. George W. Eckles, a capitalist of nix, Ariz, was thrown from his buggy few days ago and died Thursday concussion of the brain. 63 Fred Sumner and Anton Mattens are under arrest at Port Townser charged with manufacturing and lating counterfeit money. The French government has given tice of an intention to levy an increase the import duty on wheat to 7 franc p and on flour in proportion. An electric car jumped the track = San Francisco Saturday The car crowded and four passengers received juries that may result fatally. Charles Owens is under arrest at ton, Mo., charged with murdering JC wife and child, and then burning house over them to hide the crime. S The comptroller of the currency declared a first dividend of 20 per for the creditors of the insolvent o ston tana. National bank, Livingston, Nathan R. Jones, who was 80 beaten by a robber. died in Portla Thursday night. Charles Davey, charged with the crime, will be held & murder. Jack Decker, son of a wealthy farm shot and killed J. M. Dunkin, a nent merchant of Hancock, Mo., day. The killing was the result of 0 PIO According to the Baltimore "Sun," University of Maryland law school bating society decided in favor of the gle-tax, after a debate led by a stude not yet 21. u W. W. Walker, a well known busine man, of Jackson, Mo., and his wife poisoned Tuesday night. Both are It is supposed the poison was admin tered in coffe. O The Spokane Chronicle is being for $20,000 damages by John H. Hayn who is aggrieved at a part he was in a sensational story last July. trial uo " Case or D. E. Judson, glove manufacturer

9. May 20, 1894 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, May 20, 1894

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TACOMA BANK CLOSED. TACOMA, Wash., May 19.-The Traders' bank of Tacoma suspended payment this morning and a receiver was appointed. This bank failed last summer and respened a few months ago. It is said all depositors will be paid.

10. May 20, 1894 The Morning Call San Francisco, CA

Article from The Morning Call, May 20, 1894

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CLOSED FOR LIQUIDATION. This Time the Traders' Bank Will Not Resume. Tacoma, Wash., May 19.-Just previous to the opening of the Superior Court this morning an application was filed in the clerk's office by Trustees George Browne and Henry Hewitt Jr., requesting the court to appoint a receiver for the Traders' Bank of Tacoma. The court appointed Leonard Howarth, Mr. Hewitt's private secretary, fixing his bond at $50,000. The bank will liquidate. The Traders' was one of the largest banks in Tacoma up to July 21, 1893, and its stock had sold at above $125. On that date, as a result of heavy withdrawls, the bank suspended, remaining closed until January 24 last, when it reopened. Since then deposits decreased from $150,000 to $55,000, and the largest stockholders decided to close and liquidate. The trustees say the assets are sufficient to pay all depositors and that the stockholders will be paid 50 to 75 per cent and perhaps in full for their stock. The capital was $500,000. The bank was organized six years ago.

11. May 20, 1894 The Herald Los Angeles, CA

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A RECEIVER APPOINTED. The Traders Bank of Tacoma Goes Into Liquidation. TACOMA, Wash., May 19.-Just previous to the opening of the superior court this morning, an application was filed in the clerk's office by Trustees George Browne and Henry Hewitt, jr., requesting the court to appointa receiver for the Traders bank of Tacoma. The court appointed Leonard Howard, Mr. Hewitt's private secretary. fixing his bond at $50,000. The bank will liquidate. The Traders was one of the largest banks in Tacoma up to July 21, 1893, and its stock had sold at $1.25. On that date, as a result of heavv withdrawals, the bank suspended, remaining closed until January 24th last, when it reopened Since then deposits decreased from $150.000 to $55,000, and the largest stockholders decided to close and liquidate. The trustees say the assets are sufficient to pay all depositors and that the stockholders will be paid 50 to 75 per cent and perhaps in full for their stock. The capital was $500,000. The bank was organized six years ago.

12. May 20, 1894 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, May 20, 1894

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TACOMA BANK FAILURE. Tacoma, Wash., May 19.-On application of two trustees, the superior court today appointed Leonard Howarth receiver of the Traders' Bank of Tacoma. The bank will liquidate. The Traders' was one of the largest banks in Tacoma up to July, 1893, when, as a result of heavy withdrawals, the bank suspended, remaining closed until January 24 last, when it reopened.

13. May 21, 1894 New-York Tribune New York, NY

Article from New-York Tribune, May 21, 1894

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BUSINESS EMBARRASSMENTS Tacoma, Wash., May 20.-The Traders' Bank 01 Tacoma suspended payment yesterday morning and a receiver was appointed. This bank failed last summer and reopened a few months ago. It is said all depositors will be paid. Sioux City, Iowa, May 20.-The Sloux City Vinegar and Pickling Works became involved yesterday on account of financial difficulties, but will be opened under a new management. The principal creditors are the Mechanics' Savings Bank, of Nashua, N. H., $15,000; D. T. Gilman, Sioux City, $20,000; assets in factory, land and stock, $100,000.

14. May 24, 1894 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, May 24, 1894

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Failure of a Tacoma Bank. The Traders' Bank of Tacoma, Wash. suspended payment and a receiver was appointed. This bank failed last summer and reopened a few months ago, It is said all the depositors will be paid.

15. June 1, 1894 Fisherman & Farmer Elizabeth City, Edenton, NC

Article from Fisherman & Farmer, June 1, 1894

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South and West. CONGRESSMAN OATES'S nomination for Governor of Alabama is assured as more than enough delegates who favor him have been chosen in the County Conventions THE Cleveland (Ohio) conference between miners and operators to settle the bituminous coal strike came to naught. OVER 150 Industrials raided ranches and fruit farms in Vaca Valley, California, for the purpose of driving out the Chinese and and Japanese. They took a number of prisoners and drove them ahead, maltroating them. The Industrials were finally arrested and with the Chinese and Japanese placed in custody in Vacaville, J. H. BLAYTON shot and kille his young wife at Richmond, Va. He then shot and cut himself. THE Georgia Populist State Convention at Atlanta nominated J. K. Hines, of Atlanta, for Governor. Hines is a well-known attorney who was at one time a Judge of the Superior Court In Georgia HENRY SCOTT. colored, arrested for the murder of his six-year-oldstepdaughter was lynched by a mob of 100 colored men at Jefferson, Texas. DURING a storm in Hawkins County, Tennessee, crops were badly damaged. A number of persons were injured, and one. a colored man named John Kelly, was killed. MANY dwellings on a Cincinuati (Ohto) hillside have been twisted out of shape and are threatened with demolition by a slowmoving landslide. THE Traders' Bank, of Tacoma, Wash., which failed last summer and reopened a few months later, has suspended again and a receiver has been appointed. Two aldermen, three police officers and four judges and clerks of election were indicted in Chicago, Ill., for alleged violation of election laws. NOTHING like the weather of a few days ago has been experienced in Texas for twenty years. There was a heavy frost, and crops are badly damaged. THE heaviest snowstorm in years prevailed in Eastern Kentucky. At Corbin the snow was eight inches deep. All sorts of crops were rulned or badly injured as is result. WILLIAM PURDUE. at Rinehart, Mo., shot and killed A. W. Randle, then set fire to Rundle's house, and shot and killed himself. Rundle received five bullets in his head. He was about filty-eight years of age. His murderer was a single man, about thirty-five years old.

16. January 3, 1895 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, January 3, 1895

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Brie f Tacoma News. Tacoma, Jan. 2.-Special.-W. H. Paulhamus, of Sumner, wt. is booked as Sheriff-elect Sam Parker's chief assistant, was one of the leading candidates for the nomination for sheriff before the Republican county convention. His friends believed he would be nominated sure. Some of Joe T. Mitchell's friends wanted him to accept the chief deputyship under Sheriff Parker. The receiver of the Traders' bank in his fifth report to the court, which was filed today, says there are $119,352 in unsecured claims, and a balance of $12,127 on hand. He is prepared to declare a 10 per cent. dividend when the court orders it. The remains of Henry W. Jones, who was killed Saturday on the Northern Pacific railroad at Castle Rock, were buried today at the Tacoma cemetery under the auspices of the Masonic orders. The usual information, charging Mrs. Louise De Witt with shooting Frank O. Meeker, has been filed by the county authorities, but it is not expected that she will be prosecuted.

17. November 28, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, November 28, 1896

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Tacoma, Nov. 27.-Special.- By next Monday or Tuesday the Murry injunction case will come to an end in Judge Stallcup's court. The case has been on trial for three weeks past, and on account of the close relation the issues involved bear to the city's finances it has been watched with considerable interest by those who hold obligations against the municipality and by its employes, who have been forced for a long time past to discount their time checks to money brokers at a severely high rate, owing to the muddled condition of the city's fiscal affairs. D. F. Murry, the complainant in the sult, has undertaken to prove that over $1,000,000 of city warrants which were drawn on the general fund from November. 1830, to April, 1896. and which are now outstanding. are void, for the reason that they were redeemed or purchased by Treasure Boggs with city funds. It has been alleged that in thus redeeming the warrants out of the order of their Issue, or purchasing them and selling them to bankers and brokers, the treasurer had in effect paid the warrants, and that they ceased from that time to be obligations against the municipality. In support of their allegations the plaintiffs have put in evidence the deposit slips of the city treasurer during the period mentioned. together with a copying book from the treasurer's office, showing the numbers of a large amount of the warrants alleged to have been purchased with city funds. The city is resisting the suit on the ground that the warrants, except perhaps $300,000, which were deposited in banks now broken, were sold and value received by the city, and that their purchase by Boggs and reissuance does not tend to cancel them wherever it can be shown that money was received in exchange for them. The suit was brought by Murry when the city was preparing to issue bonds to refund the warrants. Today Comptroller Benham was on the stand for & large part of the morning sesston. This afternoon the city offered to prove that in the Traders' bank and in the Columbia National. both of which have suspended. Boggs and subsequent treasurers drew out more money than was represented in the deposits of general fund warrants now alleged to the court ruled against the admission of this evidence. the purpose of which was to establish the fact that the city had received value for a large amount of the warrants. From the evidence which has so far been received It is evident that Boggs Indorsed "not paid for want of funds," not more than 5 per cent. of the warrants issued from January 1. 1892. till the end of his term. April 17, 1894. although during that time there were already thousands of dollars of warrants outstanding to which the current revenues should have been applied. Instead of regularly indorsing the warrants. Borgs advanced cash for them, presumably with the city funds, and afterward sold them to brokers and bankers. A number of prominent financial men and bankers in Tacoma had orders for city warrants placed regularly with BORES. The vicious nature of the transaction is evident when It is considered that Boggs deposited large blocks of warrants in banks that were little less than criminally managed, which warrants were entirely lost to

18. July 9, 1897 Lewiston Teller Lewiston, ID

Article from Lewiston Teller, July 9, 1897

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Items of Interest From Idaho. Montana and Washington. A Portland man has bought 320 acres of land near South Bend for $25,000. A granite quarry on the land is to be developed. The state reform school at Miles City has expended $12,700 of the $16,850 appropriated for the year, leaving about $4000 for the next six months. The Traders' bank of Tacoma has paid another dividend of 20 per cent, which will make 75 cents on the dollar thus far paid by the receiver. A large faction on Willapa harbor is opposed to the restrictions placed by the new law on the tonging of oysters off the natural beds. Forty-two men are reported to have signed articles to tong, regardless of law, and to share the cost of suit if any should be arrested. Grain dealers and millers in Walla Walla estimate that there will be at least 30 per cent more wheat in Walla Walla county this year than last. There was more land in cultivation then than is under cultivation this year, but the finer quality of the grain now makes a great difference. Last year the market opened at 40 cents per bushel, this year not less than 50 cents will, it is thought, be offered. Montana. An excellent fruit crop is predicted throughout Clarke county. The city chain gang has been revived at Great Falls, owing to the arrival of many hoboes. Bozeman reports that the berries on the mountain side were never thicker than they are this year. This means lots of grouse and fat bear. It is reported that some of the stockmen of the Shonkin range are discussing the advisability of moving their beef steers to Culbertson, where there is good grass and water, and holding them at that point until ready for shipment. A Gardiner man has in his possession a double elk tusk which he extracted from an elk killed during the last season. This tooth is a freak of nature in tnat the animal had three well developed tusks, whereas but two usually occur, one on either side of the upper jaw. Advices from the upper Teton state that surveyors have been in the field running the lines that will mark the separation of the ceded lands from the Blackfeet reserve. It is estimated that 50 days will be required to complete the field work, and at least 20 days to write up the field notes, make the necessary maps, etc. Idaho. Salmon City reports the beginning of work on an artesian well. y Many people are watching the experiment of putting a launch on Pend d'Oreille. If the one now being tried is a success, others will follow. It is estimated that 15,000 head of eattle have been shipped from Idaho counc ty this year. is The last cloud burst on Salmon river has nut the state read cheue Ishn Datt

19. July 10, 1897 The Coeur D'alene Press Coeur D'alene, ID

Article from The Coeur D'alene Press, July 10, 1897

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20. July 10, 1897 The Kootenai Herald Bonners Ferry, Kootenai, ID

Article from The Kootenai Herald, July 10, 1897

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# NORTHWEST NEWS AND NOTES. Items of Interest From Idaho, Montana and Washington. A Portland man has bought 320 acres of land near South Bend for $25,000. A granite quarry on the land is to be developed. The state reform school at Miles City has expended $12,700 of the $16,550 appropriated for the year, leaving about $4000 for the next six months. The Traders' bank of Tacoma has paid another dividend of 20 per cent, which will make 75 cents on the dollar thus far paid by the receiver. A large faction on Willapa harbor is opposed to the restrictions placed by the new law on the tonging of oysters off the natural beds. Forty two men are reported to have signed articles to tong, regardless of law, and to share the cost of suit if any should be arrested. Grain dealers and millers in Walla Walla estimate that there will be at least 30 per cent more wheat in Walla Walla county this year than last. There was more land in cultivation then than is under cultivation this year, but the finer quality of the grain now makes a great difference. Last year the market opened at 40 cents per bushel, this year not less than 50 cents will, it is thought, be offered. # Montana. An excellent fruit crop is predicted throughout Clarke county. The city chain gang has been revived at Great Falls, owing to the arrival of many hoboes. Bozeman reports that the berries on the mountain side were never thicker than they are this year. This means lots of grouse and fat bear. It is reported that some of the stockmen of the Shonkin range are discussing the advisability of moving their beef steers to Culbertson, where there is good grass and water, and holding them at that point until ready for shipment. A Gardiner man has in his possession a double elk tusk which he extracted from an elk killed during the last season. This tooth is a freak of nature in that the animal had three well developed tusks, whereas but two usually occur, one on either side of the upper jaw. Advices from the upper Teton state that surveyors have been in the field running the lines that will mark the separ-ation of the ceded lands from the Black-feet reserve. It is estimated that 50 days will be required to complete the field work, and at least 20 days to write up the field notes, make the necessary maps, etc. # Idaho. Salmon City reports the beginning of work on an artesian well. Many people are watching the experiment of putting a launch on Pend d'Oreille. If the one now being tried is a success, others will follow. It is estimated that 15,000 head of cattle have been shipped from Idaho county this year. The last cloud burst on Salmon river has put the state road above John Day in a worse condition than ever. Nez Perce reservation settlers are busy breaking ground. The late rains will result in thousands of acres being broken out than otherwise would have been this season.