Article Text
SMALL IDAHO BANK TEMPORARILY SUSPENDS Sand Point, Idaho, Nov. 16. The Traders' State bank, capitalized at $15,000. suspended payment owing to inability to realize quickly on loans. Its deposits amount to $120.000.
Traders State Bank (Sandpoint, ID)
Episode Information
- Episode Type
- Suspension → Reopening
- Start Date
- November 16, 1907
- Location
- Sandpoint, Idaho (48.277, -116.553)
- Bank Type
- state
Metadata
Events (2)
1.
November 16, 1907
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Inability to realize on about $60,000 of secured loans forced temporary suspension.
- Newspaper Excerpt
- The Traders' State bank ... suspended payment owing to inability to realize quickly on loans.
- Source
- newspapers
2.
December 1, 1907*
Reopening
- Newspaper Excerpt
- Last week the Sandpoint Traders' State Bank resumed business, after having been suspended since Nov. 16th on account of the financial stringency.
- Source
- newspapers
Newspaper Articles (11)
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Article Text
P AN IDAHO BANK SUSPENDS PAYMENT
Sand Point, Idaho, Nov. 16.- The Traders' State Bank, capitalized at $15,000. suspended payment today owing to inability to realize quickly on loans. The deposits amount to one hundred and twenty thousand dollars.
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Article Text
Idaho Bank Suspends
San Point, Idaho, Nov. 16.-The Traders' State bank, capitalized at $15,000, today suspended payment, OW. ing to its inability to realize quickly on loans. The deposits amount to $120,000.
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IDAHO BANK EMBARRASSED
Sand Point, Idaho, Nov. 16.-The Traders' State Bank, capitalized at $15,000, suspended payment temporarily yesterday. Inability to realize on $60,000 of secured loans is blamed for the suspension. The deposits amount to $125,000, all of which the officials have pledged to make good.
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BANK IN IDAHO SUSPENDS.
SANDPOINT, Idaho, Nov. 16.—The Traders' State Bank, with a capital of $15,000, suspended temporarily today. Its deposits are estimated at $125,000.
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Idaho Bank Suspends
Sandpoint, Idaho, Nov., 16-The traders state bank, capitalized at $15,000, suspended payment temporarily yesterday. Inability to realize on $60. 000 of securities loans is given as the cause of suspensions. The bank's deposits amount to $125,000, all of which
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BANK SUSPENDED
Sand Point, Idaho, Nov. 16.-The Trader's State bank with deposit estimated at a hundred and twentyfive thousand dollars suspended today.
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IDAHO NEWS
Two 28-foot launches have arrived in Sandpoint. They are designed for the forestry service, one for Pend d'Oreille and the other for Priest lake, to patrol the lakes for fires and for trespassers of the forest reserves. The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston of horse stealing, has been sent to the
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Article Text
IDAHO NEWS
Two 28-foot launches have arrived in Sandpoint. They are designed for the forestry service, one for Pend d'Oreille and the other for Priest lake, to patrol the lakes for fires and for trespassers of the forest reserves. The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston of horse stealing, has been sent to the
Click image to open full size in new tab
Article Text
IDAHO NEWS
Two 28-foot launches have arrived in Sandpoint. They are designed for the forestry service, one for Pend d'Oreille and the other for Priest lake, to patrol the lakes for fires and for trespassers of the forest reserves. The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston sof horse stealing. has been sent to the
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Article Text
Sandpoint Bank Resumed Business
Last week the Sandpoint Traders' State Bank resumed business, after having been suspended since Nov. 16th on account of the financial stringency. A committee of business men had secured the signatures of 90 per cent of the stockholders to an agreement that they would not ask for more than 10 per cent per month on their deposits. On the first two days that the bank was reopened for business it received in deposits over $20,000 and but about $400 was drawn out. The Sandpoint people have co-operated with the bank officials in getting the institution back on its feet, and are entitled to credit for the manner in which they have assisted the institution and saved the credit of the town.