First National Bank (Union, OR)

Episode Information

Episode UID
294701123
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
29470 national
Charter Number
2947
Start Date
July 31, 1893
Location
Union, Oregon (45.208, -117.865)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6f94e0c66c56e8bc

Response Measures

None

Description

Articles describe a 1893 reported shrinkage and a separate 1933 statewide three-day bank moratorium.

Events (4)

1. May 10, 1883 Chartered
Source
historical_nic
2. July 31, 1893 Other
Newspaper Excerpt
A sheriff from Union, Oregon, today says the First National of that city has suffered a shrinkage of $50,000, but will pull through all right.
Source
newspapers
3. March 2, 1933 Suspension
Cause
Government Action
Cause Details
Governor Meier declared a mandatory three-day moratorium/holiday for all Oregon banks to allow restricted emergency business and stabilizing actions.
Newspaper Excerpt
Statewide three day bank holiday by Governor Meier ordered today
Source
newspapers
4. September 12, 1935 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Capital Journal, July 31, 1893

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Article Text

# PERSONAL AND LOCAL. Howard Ashby is becoming one of the most popular conductors on the Capital City Electric line. Bed rock prices on Southern Oregon peaches at Clark & Eppley's, Court street grocers. Lightning fruit jars in full stock, both sizes, at Clark & Eppley's. They are the only infallibly perfect glass jar made. Why pay fancy prices when you can get best H. No. 1 butter off the ice at Harritt & Osborne's, Court street for 20 cents. On Thursday afternoon a very pleasant little folks party was given at the residence of Mr. Jos. Klein in honor of Ena and Mata Klein, daughters of Tony Klein of Sa'em. Albany Herald. Lockwood's brigade of blue coated messengers are under orders for instant service, every hour in the twenty-four. The little blue box for calling them, is always handy. For distressing oppression and fulness in the stomach take Simmons Liver Regulator. Salem as a summer resort is bound to grow in fame. Cool nights, sea-breeze daily at 3 p. m., wide, cool, watered streets, beautiful drives, no woodpiles in front of peoples homes on the main business streets. # THE ONE CENT DAILY THE ONE CENT DAILY is the great hard times feature of Salem Journalism What surprises people most is that it has the latest and most news of any paper and yet is so phenomenally cheap. For wakefulness, weakness or lack of energy take Simmons Liver Regulator. Avoid the old and dreadful way of cracked jars, stove-burnt faces, and some spoiled fruit is avoided by use of Antifermentine sold by Gilbert, Patterson & Co. Pure for babe or invalid-Sharpe's Jersey dairy milk. Salem and all Salem people will crow if they get through the next month without a break in any bank or business house. In house or camp you want the best of bread that flour will make. There is no surer way to get it than by using the "Pride of Oregon" made only by Salem Flouring Mills. Nervousness is from dyspepsia. Take Simmons Liver Regulator and be cured. Miss Mable Bean returned this afternoon, from visiting friends at Eugene. A. I. Macrum, the Forest Grove banker, left for that city this afternoon. He says the citizens met Saturday night and decided to set up the suspended bank there or organize another. An immense crowd departed for the coast and the mountains today. A number of Salem physicians are prescribing seaside remedies for those who complain to them. Mrs. W. P. Lord returned from the world's fair and the chief justice and little Lords are not concealing their happiness the least bit. Barber Joe Fuzee is off for a few days at the coast. Mrs. E. F. Parkhurst and daughters Fannie and Margie left for Newport today. J. Rubenstein, taylor and cutter, who has been foreman for C. P. Bishop's tayloring department leaves for San Francisco this evening to lay in a full stock of merchant taylor goods, and on his return will open a first class establishment of his own in Salem. A sheriff from Union, Oregon, today says the First National of that city has suffered a shrinkage of $50,000, but will pull through all right. Jno. Tartar, sentenced to twelve years in states prison for murder of his brother at Eagle Valley, and Mrs. E. Starr, of Elgin, Or., insane, were brought to the respective state institutions today. John Hoefer, the Champoeg capitalist, arrived in the city today. He says hop yards from his town to Aurora present a fine appearance and will yield a fair crop of good quality. Spring grain is short, but all else will yield big crops.


Article from Corvallis Gazette-Times, March 2, 1933

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Article Text

Emergency Business and Only Accommodation of Public on Restricted Basis MORATORIUM TODAY Governor Calls Due to California Holiday, Closing minutes to o'clock this banks of Corvallis morning that the governor declared three-day moratorium for all the banks in the state, The bolt clear news came and when were informed sky that the order mandatory, to the will of constituted submitted The banks of Portland closed, but since then they opened up for the business only and other banks the state will doubtless follow their lead. these conditions the banks Under Corvallis will open their doors tomorrow morning for the transac. tion of emergency business and the accommodation of the public restricted basis. National Bank Corvallis First Benton County State Bank PORTLAND, Mar. Statewide three day bank holiday by Governor Meier ordered today was met Orewith decision by bankers remain the transaction of what described "necessary business." Only in few cities the state did banks remain closed. National of Grande which has been closed for more than four months, reopened today officers said the bank would and not observe holiday. Califorbanks also operating the holiday Large downtown Portland banks not observe the banking holiby Governor Meier toshortly after the regular opening hour they said they would pay checking to "reasonable" counts up amount, to enable depositors purchase necessities. Although signs announcing the banking holiday were posted the doors of all Portland before regular opening hours, these signs later were taken down by the larger they would remain open and transact "necessary business.' Postmaster Jones announced the proclamation would way terfere with the operation the Postol Savings bank which continued to transact business in the regular way. SALEM, Mar. three Salem banks were to open this morning to transact "necessary business," they announced following word that Portland banks were taking similar action. SALEM, Mar. Meier today issued proclamation declaring three legal holiday in Oregon, starting today and continuing through Saturday, such tion will allow the closing of all Oregon banks for three days. the only step to take to protect banks here because many them clear through California banks and the California banks are he said. "Financial distress prevailing in neighboring states making felt in Oregon," Governor Meier said in his statement. "It essential for the protection of be suspended for brief period permit enactment of necessary regulatory acts stabilizing legislation, in line with federal enactments and legislation enacted other states. The governor said he understood Arizona banks to be in strong financial condition. "We have had advices any Arizona banks are in distress, but action is meresaid. The governor's claring holiday for all banks, financial institutions, county and city offices, courts schools, made today because (Continued on page