33. First Bank (Skagway, AK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 8, 1903
Location
Skagway, Alaska (59.458, -135.314)

Metadata

Model
gpt-5-mini
Short Digest
1dc7e5d48b6017ad

Response Measures

None

Description

Articles indicate the First Bank (referred to as First National Bank of Skagway in one article) was in the hands of a receiver (John G. Price) and paying dividends to creditors. There is no mention of a depositor run; the bank is in receivership and paying dividends, implying permanent closure/liquidation. OCR corrected First National Bank of Skagwav -> Skagway.

Events (2)
1. April 8, 1903 Receivership
Newspaper Excerpt
John G. Price, receiver First National Bank of Skagwav, vs. H. A Bower... John G. Price, receiver First National Bank of Skagway, vs. H. A Bower, continued.
Source
newspapers
2. December 12, 1903 Other
Newspaper Excerpt
John G. Price, receiver of the First Bank of Skagway, is now paying the creditors of that institution the second dividend. The two dividends will make 28 per cent. of the original amounts due.
Source
newspapers

Newspaper Articles (2)
1. April 8, 1903 The Daily Morning Alaskan Skagway, AK
Article from The Daily Morning Alaskan, April 8, 1903

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Article Text

THE COURT Mission vs. Marquam Land Case Grinding. The grand jury returned indictments against Francis M. Rumbuugh and Myrtle Berrv. vesterdiv merning. They were arraigned and will plead this morning. The case of Christopher Spence vs. John G. Price, receiver, was dismissed. John G. Price. receiver First National Bank of Skagwav, vs. H. A Bower. continued. Most of the afternoon, until after 3 o'clock, when court adjourned, was c 0" sumed in an argument upon a demurrer in the case of the Home Mission Society of the Presbyterian church, a corporation, vs. Thomas A. Marquam. This case is the outcome of previous litigation and is for the purpose of dispossessing Marquam of land which he is occupying; and is part of a tract claimed DV the Mission Society.

2. December 12, 1903 The Daily Morning Alaskan Skagway, AK
Article from The Daily Morning Alaskan, December 12, 1903

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Article Text

PAYS AGAIN editors of First Bank of Sk gway G. t Money John G. Price, receiver of the First Bank of Skagway, is now paying the creditors of that institution the second dividend. The second dividend is a little less than one-half that of the first, which was for 20 per cent. of the amounts due. Mr. Price is now paying 10 per cent. of the remaining 80 per cent. of the claims The two dividends will make 28 per cent. of the original amounts due. Mr. Price says another dividend will be paid, but he does not know how much it will amount to as yet.