Oregon National Bank (Portland, OR)

Episode Information

Episode UID
371901123
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
37190 national
Charter Number
3719
Start Date
July 27, 1893
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7c085b2e243ddf9

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
50.0%
Date receivership started
1893-12-12
Date receivership terminated
1897-12-31
OCC cause of failure
Losses
Share of assets assessed as good
64.9%
Share of assets assessed as doubtful
33.1%
Share of assets assessed as worthless
2.0%

Description

Bank suspended July 27, 1893, reopened Sept. 9, 1893, but was later taken into receivership after indictments and closed permanently.

Events (6)

1. June 7, 1887 Chartered
Source
historical_nic
2. July 27, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Withdrawal of deposits and inability to realize on securities (notice on doors).
Newspaper Excerpt
The Oregon National Bank ... failed to open their doors this morning. A notice was posted on the doors saying the suspension was forced by the withdrawal of deposits and inability to realize on securities.
Source
newspapers
3. July 28, 1893 Run
Cause
Local Banks
Cause Details
Contagion from other bank failures/withdrawals in Portland and region following multiple recent bank closures.
Measures
None reported (notice posted; bank suspended).
Newspaper Excerpt
The failures of the Oregon national ... were followed yesterday by a run on the Merchants' national and the suspension of the Union Banking Co.
Source
newspapers
4. September 9, 1893 Reopening
Newspaper Excerpt
The Oregon National bank ... expects to reopen for business tomorrow. ... permission from [comptroller] to reopen is expected at once. ... reopened for business this morning.
Source
newspapers
5. December 12, 1893 Receivership
Source
historical_nic
6. January 11, 1894 Receivership
Newspaper Excerpt
As a consequence of the indictment of the officers of the bank ... that institution has been turned over to the national bank examiner pending the appointment of a receiver. ... the bank will not resume business again and its affairs will be wound up by a receiver.
Source
newspapers

Newspaper Articles (24)

Article from Wheeling Register, July 28, 1893

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CONCERNING BUSINESS AND FINANCE. CINCINNATI, O., July 27.-The distillers of Cincinnati and vicinity who will by law be called upon August 5 to pay their share of about $8,000,000 of taxes OM whisky distilled in May and June, 1890, have unanimously addressed a request to Secretary Carlisle to instruct collectors to delay the collection for ninety days. They say the present financial situation is abnormal, and that to withdraw that large sum of money from banks and from circulation at this time, would heighten the present distress and would be of no advantage to the governmdnt. The local bankers have eudorsed the request, and circular letters will be sent to all interested asking them to join the petition. HELENA, MONT., July 27.-The First National and Montana National Banks failed to open this morning. A run is now in progress on the other banks of the city. The run is now confined principally to the Merchants National Bank, which is paying everybody. They are confident that they will be able to stand the run, The two closed banks have ample assets, but cannot realize, S. T. Hausser is President of the First National. The capital stock is $500,000; surplus, $100,000; undivided profits, $600,000, and average deposits, $3,250,000. John T. Murphy is President of the Montana National. The capital stock is $500.000; surplus, $100,000; undivided pronts, $100,000, and average deposits, $1,500.00 WASHINGTON, C., July 27.-The director of the mint has been notified that his counter offer of $0.7020 per ounce has been accepted for 25,000 ounces of silver of yes erday's offerings. The total purchase for the month aggregates 1,932,000 ounces. PORTLAND, OREGON, July 27.-The Oregon National Bank and the Northwestern Loan and Trust Company closed their doors this morning. George B. Markle is president of both institutions. Capital stock of the Oregon National, $200,000; surplus, $40,900; average deposits, $500,000. Capital stock of the Northwestern Loan and Trust Company, $250,000; surplus, $25,000. NEW YORK, July 27.-Lazard Freeres areadvised of a shipment of $1,000,000 gold from Europe. SPOKANE, WASH., July 27.-The First National Bank and Spokane Savings Bank closed this afternoon. They were uable to realize upon securities at the present time. They had a capital of $250,000 and $100,000 respectively. MIDDLESBORO, Kr., July 25.-The First National Bank of this place closed its doors this morning. The notice upon the doors reads: "This bank closed by order of directors." HARRISBURG, PA., July 27.-The Ameri can Tube and Iron Company, located at Middletown, has gone into the hands of a receiver. The company has no mortgages, judgments or bonded indebtedness against it, but could not raise funds, owing to the stringenep of the money market. It is one of the largest concerns of the kind in the country.


Article from The Morning Call, July 28, 1893

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BANK FAILURES. Two Institutions at Portland Close Their Doors. PORTLAND, Or., July 27. - -The Oregon National Bank and the Northwest Loan and Trust Company, an allied institution, failed to open their doors this morning. A notice was posted on the doors saying the suspension was forced by the withdrawal of deposits and inability to realize on securities. The suspension caused but little excitement, and there was no appreciable increase in the withdrawals of deposits from the other banks. George B. Markle, president of both banks, says the cause for the suspension was fully set forth in the notice posted on the door. While not able to give an exact statement, he could state that the depositors would be paid in full. The statement of the Oregon National, published July 12, shows the bank assets to be $800,000, deposits $450,000. surplus fund $40,000. undivided profits $11,000. The Northwest Loan and Trust Company has a capital stock of $250,000. There is no statement yet of its assets and liabilities, which are mostly savings deposits. The chief creditor of the Oregon National is Multnomah County. the deposit of which amounts to $300,000. The Oregon National has a capital of $200,000, surplus $40,000, average deposits


Article from Morning Journal and Courier, July 28, 1893

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MONTANA BANKS CLOSED. A Run in Progress at Helena-Assignments of Business Men-Other Banks Fail to Open Their Doors. HELENA, Mon, July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. C. W. Cannon, a local dealer in real estate, assigned yesterday. He wasa large endorser on corporation paper, and stringency of the money market caused the assignment. The liabilities are $240,000; assets, $1,500,000. A M. Halper also made a personal as signment. He, too, was a heavy endorser of corporation paper. His liabilities are $600,000; assets, $1,000,000. The Halper Hardware company, of which he is president, is not affected by the assignment. MOUNT STERLING, Ky., July 27.-The new Farmers' bank here failed to open its doors this morning, owing to a heavy run during the past week. All depositors will be paid in full. The capital stock is $250,000, and the bank was supposed to be one of the strongest in Kentucky. EXETER, N. H., July 27.-The National Granite State bank temporarily suspended payment this morning. The institution is declared by officials to be perfectly sound, the present embarrassment having been caused by a drainage of the cash supply and delayed remittances from Boston. An immediate resumption of business is expected. PORTAGE, Wis., July 27.-The City bank closed its doors this morning. The suspension is due to the condition of the money market. PORTLAND, Ore., July 27.-The Oregon National bank and the Northwest Loan & Trust company of this city suspended this morning. George B. Markle is president of both institutions. The capital stock of the Oregon National is $200,000; surplus, g $40,000; average deposits $500,000. Capiy tal stock of the Northwest Loan & Trust company $250,000; surplus $25,000. Rev. O. D. Taylor, manager of the In8 terstate Investment company at The Dalles has been arrested on a charge of embezzlement. It is alleged that Taylor is short $50,000 in his accounts.


Article from The Sun, July 28, 1893

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ELEVEN MORE BANKS FAIL. Seven in the West. Three in Kentucky, and One In New England, HELENA. Mon.. July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. The run is now confined principally to the Merchants' National Bank. which is paying everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets. but cannot realize. S. T. Hauser 1s President of the First National. The capital stock is $500,000. surplus $100,000. undivided profits $600.000. and average deposits $3,250.000. John T. Murphy is President of the Montana National. The capital stock is $500.000. surplus $100,000. undivided profits $100,000. and average deposits $1,500,000. SPOKANE. Wash.. July 27.-The First National Bank suspended payment yesterday afternoon. Its doors closed at 2 o'clock. and a'notice was posted announcing that. "owing to continued withdrawal by depositors and inability to realize on securities. this bank will temporarily suspend payment." The Spokane Savings Bank. which is connected with the First National. was closed at the same time. In a few minutes the news was generally known throughout the city, but it was received quietly. There was no effect perceptible at any of the other banks. President Glover said that the bank has only temporarily suspended. and all depositors will be paid in full. The bank commenced business in December. 1882. Its paid-up capital is $200,000. PORTLAND. Or., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company. kindred institutions, failed to open their doors this forenoon. Notice on doors says: Owing to withdrawal of deposits and inability to realize on securities this bank is forced to suspend." George B. Markle is President of both institutions. Capital stock of the Oregon National $200,000: surplus. $40,000: average deposits. $500.000. Capital stock of the Northwest Loan and Trust Company. $250,000: surplus. $25,000. MIDDLESBOROUGH, Ky.. July 27.-The First National Bank of this place closed its doors this morning. The notice on the door reads: This bank closed by order of directors." The officers of the bank refuse to talk. and it is impossible to get either assets or liabilities. The effect on business here will be serious, as most of the merchants were depositors. The Coal and Iron. the other bank here. will not be affected. The suspended bank had a capital of $50,000. and its individual deposits aggregated usually about $80,000. MOUNT STERLING. Ky.. July 27.-The new Farmers' Bank of this city closed its doors this morning. The failure was caused by inability to realize on its paper. The deposits are about $300,000. The bank holds firstclass paper to the amount of $600.000. The depositors will be paid in full. and the omcers of the bank hope to be able to resume in a short time. The capital stock is $250,000. This afternoon the Breeders' Bank also closed its doors. EXETER. N. H.. July 27.-The National Granite State Bank temporarily suspended payment this morning. The institution is declared by officials to be perfectly sound. the present embarrassment having been caused by a drainageof the cash supply and delayed remittances from Boston. An immediate resumption of business is expected. PORTAGE. Wis., July 27.-The City Bank closed its doors this morning. The suspension is due to the condition of the money market.


Article from The Salt Lake Herald, July 28, 1893

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TWO PORTLAND BANKS SUCCUMB. The Oregon National and Northwest Loan and Trust Company. PORTLAND, Or., July 27.-The Oregon National bank and Northwest Loan and Trust company, kindred institutions, failed this morning. A notice on the doors says the cause of the suspension is the withdrawal of deposits and inability to realize on securities. George B. Markle is president of both institutions. The Oregon National has a capital of $200,000, surplus $40,000, average deposits $500,000. The capital of the Northwest Loan and Trust company is $250,000, surplus $25,000. The suspension caused no excitement and no appreciable effe : on the other banks of the city. The Oregon National has a paid in capital stock of $200,000. The last statement shows the total resources to be $750,000; liabilities, $450,000. The chief creditor is Multnomah county, the deposits of which amount to about $300,000. The city of Portland has also on deposit about $20,000. J. L. Hartman, assignee of the Northwest Loan & Trust company, filed a statement this afternoon showing liabilities of $600,000; assets, $860,000. Chicago Clearing House Certificates. CHICAGO, July 27.-At a meeting of the Clearing House association today a letter was read from a number of merchants asking the association to consider the


Article from The Bolivar Bulletin, August 4, 1893

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Portland, Ore., Has a Little Wrestle with the Financial Bugbear, PORTLAND, Ore., July 28.-The failures of the Oregon national and the Northeast Loan and Trust Co. Thursday were followed yesterday by a run on the Merchants' national and the suspension of the Union Banking Co. The former met every demand, paying dollar for dollar. This seemed to have a most quieting effect, and none of the other banks suffered any trouble at all. The Union is a small concern, and is thought to have been anxious for an opportunity to close for a long time because of its small business.


Article from Evening Star, September 9, 1893

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Two Banks Resume. The following national banks, which re cently suspended payment, having fully complied with the conditions imposed by the controller of the currency, and their capital stock being unimpaired, have to day been permitted to reopen their doors for business: The First National Bank of Cheyenne, Wyo.: the Oregon National Bank of Portland, Oreg.


Article from The Seattle Post-Intelligencer, September 9, 1893

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First Bank at Portland to Resume. PORTLAND, Sept. 8.-(Special.]-The Oregon National bank expects to reopen for business tomorrow. The bank examiners have sent a favorable report to Comptroller Kekels, and permission from him to reopen is expected at once, When the Oregon National bank first closed its doors street rumors were afloat that it was in very shaky condition. The exam. ination of its affairs proved the contrary, and now it will be the first to resume business after the panic.


Article from The Sun, September 10, 1893

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National Banks Resume. WASHINGTON Sept. 9.-The First National Bank of Cheyenne. Wy., and the Oregon National Bank or Portland. Or., which suspended recently. have to-day been permitted to reopen.


Article from Grand Rapids Herald, September 10, 1893

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BANKS RESUMM BUSINESS. Milwaukee National and Several West. ern Institutions to Reopen. MILWAUKEE, Sept. 2-The Milwaukee National bank, which closed last July, will resume Sept. 25, with capital stock increased to $500,000. WASHINGTON, Sept. 9.-The First Na. tional bank of Cheyenne, Wy., and the Oregon National bank of Portland, Ore., which suspended recently, have today been permitted to reopen.


Article from The Seattle Post-Intelligencer, September 10, 1893

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Suspended Portland Bank Resumes. PORTLAND, Sept. 9.-The Oregon Naional bank, which suspended last July, eopened for business this morning.


Article from The Salt Lake Herald, September 10, 1893

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An Oregon Bank Resumes. PORTLAND, Or., Sept. 9.-The Oregon National bank, which suspended last July, resumed business today.


Article from The Hood River Glacier, November 18, 1893

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Nood River Glacier. HOOD RIVER. OR. NOV. 18, 1893. ALL SATISFACTORY. The taxpayers of Portland recently began an investigation for the purpose of discovering what had become of the county money. Their report appended shows where some of it is at present tocated, and it also shows that some of Portland's banks are now running on the people's money: **** Mr. Malarkey was asked what funds belonging to the county he had on hand, and he said $4,000 in the general fund and $5,000 in the school fund. The question was asked Mr. Malarkey whether he had any county funds in any of the banks. He said not a dollar. He was asked if he did not have some money that could be turned into the school fund. He answered that there was no money other than the $4,000 or $5,000. *** Sheriff Kelley said that he had not been in the habit of making out the report that the committee demanded. We inquired the amount of funds he had on hand, and he went on at great length to explain how the funds got into their present predicament, and showed the receipts for moneys turned over to the treasurer. Of the funds which have not been turned over to the treasurer, Sheriff Kelly reports $168,527.24 in the Northwest Loan and Trust company's bank, $148,717.88 in the Oregon National bank and $2,000 in the Union Banking company, in all $319,644.12. He wasasked why these funds were not available, to which he replied he could not check against them as it would close the * * banks. He said that the banks had promised io raise $50,000 by Decembea 1st for the school fund. "Sheriff Kelly incidentally mentioned that one of the banks carrying county funds sent $40,000 of the county money to Ellensburg, Wash., to hold up from insolvency their branch bank there during the panic. "Upon a second visit to Mr. Malarkey it was learned that he had some funds in a local bank. Mr. Malarkey said they were state funds. We asked him if the state treasurer had receipted for the money. He said no, but that there was an understanding between Mr. Metschan, state treasurer, and Mr. Lowenberg of the Merchants National bank, and that everything was all satisfactory." The reading was interupted at this point by a unanimous roar from the assembly. The report concluded thus: "Mr. Malarkey was asked as to the amount of the state funds, and replied $121,000. He was asked if any arrangements had been made with the bank for the payment of 8 per cent interest that the county was paying on the warrants unredeemed because of the money in the bank. He said that question had not been raised. Then the committee ventured the remark that the people had already raised the question."


Article from The Seattle Post-Intelligencer, December 9, 1893

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SHERIFF INDICTED. Put His County's Money Where He Couldn't Get It. GON SMUGGLERS ARRAIGNED by Drink at Vanconver-A Lively Struggle for the liwaco Postmastership. PORTLAND, Dec. 8.-The grand jury of the state circuit court today returned indiciments against George B. Markle, prestdent of the Oregon National bank; D.F. Bherman, cashier, and Penumbra Kelly, sheriff of Multnomah county, for failure to my into the county treasury about $148,(Mof of county funds. Sheriff Kelly had the money on deposit in the Oregon National bank last July when it failed. The bank only remained closed one month, bet the sheriff could not draw the county money out immediately for fear of closing the bank again. The committee of one bundred have taken the matter in charge, and the indiciments are the result of their work. As a consequence of the indictment of the officers of the bank today that institution has been turned over to the national bank examiner pending the appointment of a receiver. The money deposited after the indictment was found was returned to the depositors. The bank will not resume business again and its affairs will be wound up by a receiver. Several taxpayers' meetings have been held recently and a committee was appointed to expert the county books. The closing of the bank seems to be the first direct result of their investigations. Owing to agitation during the past few days deposits made in the Oregon National bank since it resumed have been withdrawn to the amount of $125,000, and so President Markie, considering it useless to attempt to continue business, asked Bank Exsminer Eldridge to take charge of the bank, which has been closed.


Article from The Seattle Post-Intelligencer, December 18, 1893

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MAKES ECKELS SICK. The Way Democratic Warhorses Beg Receiverships. HINTS FOR MR. M'NAMARA. He Can't Run Fort Townsend Postoffice as He Pleases-Little Money for surveys. WASHINGTON City, Dec. 17.-[Special.]Comptroller Eckels says the affairs of national banks in Oregon and Washington have given him more trouble than all the other states in the Union. Whenever a bank has been obliged to close its doors immediately a flood of applications has poured in upon him by mail and by telegraph for the appointment as receiver. reminding one of the turkey boxzards that gather around the carcass of a dead cow. This is the case at the present time with the Oregon National bank at Portland, which the taxpayers have closed up because it was unable to return at once all the funds of the county which had been deposited there. The comptroller had soarcely received information of the closing of the bank when the telegrams asking an appointment as recaiver began to pour in. The letters and the usual indorsements are now coming. Mr. Eckels has no end of words of praise for the people of Seattle for the manner in which they have stood together and helped each other during the financial crisis. Strong efforts have been made to bring about the reopening of the Port Angeles National bank, and the matter has been under advisement by the comptroller far the past month. He has finally decided that it would not be for the best interests of the depositors to permit the bank to re-open. The Bellingham Bay National bank of Whatcom, which has been in the hands of an examiner. and the Citizens' National band of Spokane, which has been in the hands of receiver, will be permitted to reopen for a business within a short time. A special examination of the affairs of the latter bank has just been ordered.


Article from The Record-Union, January 12, 1894

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and New SAN FRANCISCO, Jan. 11.-The races at the Bay District track to-day resulted as follows: Five and a half furlongs, Ja Ja won, Conde second, Abi P. third. Time, 1:08 Seven furlongs, Happy Day won, Zenobia second, Duke Stevens third. Time, 1:291. About six furlongs, Gussie won, Arnida second, Alexis third. Time, 1:13 Steeplechase, short course, Cito won, Longwall second, Templemore third. Time, 3:29. Seven furlongs, Gladiator won, Faro second, Little Tough third. Time, 1:291. AT LODI. LODI, Jan. 11.-The Lodi race-course is fast coming into prominence. A go for a record was made to-day by M. Sanders' Direct Line. Time, 2:25. Direct Line ran with A. T. Jackson's Dunshner. Trotting race; entries: G. Pierano's Maria P., Juan Ray's Twenty Cents, E. Randall's Re-Elect; won by Maria P. Best time, 2:52. Three-eighths of a mile dash; entries: E. Randall's Supreme, John Robinett's Dewdrop, W. Gannon's Lou L.; won by the latter. Time, 0:371. Ruoing is livelier than ever since the track has been an association track. Betting is lively, and a large crowd present. A good programme has been arranged for January 20th, when more races will take place. AT NEW ORLEANS. NEW ORLEANS, Jan. 11. - The track was slow. In a collision in the second race Leer, who rode Dixie, broke his collar-bone, and J. Hill, who had the mount on Readina, was slightly cut and bruised. Six furlongs, Bob Campbell won, Berry D. second. Harlan third. Time, 1:20. Five and a half furlongs. Galen Brown won, Bonita second, Viola Belle third. Time, 1:10. Five and a half furlongs, Emperor Billet won, Fonseca second, Carman third. Time, 1:10% Fifteen-sixteenths of a mile, Wedgefield won, Captain Drane second, Lockport third. Time, 1:37 . Mile and a sixteenth, Hulbert won, Watterson second, Oregon Cyclone third. Time, 1:531. HIS CHARACTER SHOWN UP. An Ex-Convict Appointed Receiver of an Oregon Bank. PORTLAND, Jan. 11.-The Evening Telegram published an article this afternoon giving a few pages of the history of Lionel Stagge, the receiver of the suspended Oregon National Bank. The article states that the records of the Circuit Court show that on December 17, 1889, Stagge, under the name of A. L. Waterhouse, was sentenced to one year's imprisonment in the State Penitentiary at Salem, on the charge of forging a name to a $35 check. After serving his sentence Stagge returned to Portland. He was appointed National Bank Examiner last fali, and when the Oregon National Bauk closed a few weeks ago was made receiver by Comptroller Eckels. Stagge admits the charge, but is very reticent regarding his life before coming to Portland. His removal as receiver has been requested. The article further states that prior to his arrest here Stagge had issued a forged check to the United States Hotel at Marysville, Cal., the amount of which was $35.


Article from Waterbury Evening Democrat, January 12, 1894

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The Receiver an Ex-Convict, PORTLAND, Or., Jan. 12.-It - was learned that Lionel Stagge, receiver of the Oregon National bank, is an ex-convict, having served one year in the penitentiary at Salem for passing a fraudulent check for $35 on a hotel keeper in this city. In an interview Stagge admitted having served a term in prison.


Article from The Seattle Post-Intelligencer, January 13, 1894

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MORE ABOUT LIONEL STAGGE A Confidence Man at Honolula in 1891. PORTLAND, Jan. 12-Lionel Stagge, receiver of the Oregon National bank, whose record was published yesterday, went to Honolulu from San Francisco early in the year 1891. He claimed to represent the Chronicle, also the Chicago Inter Oce an. On his arrival at Honolulu he ingratiated himself into the favor of the court, basing his claims for recognition largely on his newspaper connections. He was received into the best society, and was for a time much sought after. A petition was being circulated today by leading Jewish business men asking that Stagge be retained in the receivership of the Oregon National bank. Comptroller Eckels has telegraphed for full particulars before taking action in the matter. In regard to the charge that Stagge's conduct in Honolulu was not above reproach, he furnishes a letter from Admiral Brown, speaking in the highest terms of him and his social career while in the Islands, WASHINGTON CITY. Jan. [Special.]Comptroller Eckels has received the telegraphed resignation of Receiver Stagge. He has also received a telegram that the bondsmen, with full knowledge of Stagge's crime and punishment, are willing to trust him. The comptroller has telegraphed Bank Examiner Eldridge, now in Portland, to furnish him full particulars, pending arrival of which he reserves his decision.


Article from Lincoln County Leader, January 18, 1894

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Lionel Stagge, the bank examiner and receiver of the Oregon National bank, of Portland, turns out to be an ex-convict of the Oregon penitentiary, and the disclosure has kicked up a great sensation 111 the metropolis. Stagge was convicted and sentenced to the penitentiary under the name of A. L. Waterhouse for one year for passing fraudulent checks. He also had another alias, that of Harry A. Royce, and is certainly a bad man to have at the head of a crippled bank.


Article from The Corvallis Gazette, January 19, 1894

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HE IS AN EX-CONVICT. Lionel Stagge, the bank examiner and receiver of the Oregon national bank of Portland, appointed by Controller Eckels turns out to be an ex-convict of the Oregon penitentary, and the disclosure has kicked up a great sensation in the metropolis. Stagge was convicted and sentenced to the penitentiary under the name of A. L. Waterhouse for a year for passing fraudulent checks. Upon his release from the penitentary he sought and procured employement in Portlend under an assumed name. He proved himself a man of fiancial ability, and rose rapidly in the esteem of the commercial world. To make the romance complete he married a worthy young lady of Eugene, who it is said clings to him the closer since his position became known to her and the world. He has tendered his resignation as receiver of the Oregon national bank, but it is understood that his bondsmen will not desert him should Controller Eckles choose to retain him.


Article from The Weiser Signal, March 22, 1894

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NEWS OF THE NORTHWEST. d Open-air band cancerts are in vogue at Townsend. a n Jere J. Brown has been appointed postmaster at South Bend. h 1 Touchet is shipping a good deal of baled hay to the Sound cities. ---el Judge Sturtevant will hear the Edmiston case in Garfield county. The Great Northern will at once construct a branch from Seattle to Tacoma. There were only eight votes against reincorporation at the Uniontown election. Six thousand five hundred and fiftytwo voters have so far registered at Tacoma for the coming city election. The Port Blakeley mill company's mill at Port Blakeley, Wash., has a record of producing 400,000 feet of lumber in ten hours. Maj. W. B. Kennedy, Fourth cavalry, had the misfortune to sustain a fracture of his left collar bone by being thrown from his horse. The supreme court of Olympia sustains the issue and sale of Pierce county of $300,000 worth of county bonds voted at the last spring election. The dissensions of the First Baptist church of North Yakima has resulted in the separation of the two elements into M independent organizations. Governor McGraw states that he has P set no definite date for a meeting of the capitol commission, but will call one at the earliest possible moment. / Comptroller Eckles has finally determined to allow Lionel Stagge to retain his position as the receiver of the Oregon National bank of Portland.


Article from The Morning Call, April 8, 1894

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Oregon National Receiver. WASHINGTON, April 7.-The - Comptroller of the Currency has appointed William Catlin receiver of the Oregon National Bank of Portland, Or., vice Lionel Stagge, resigned.


Article from The Seattle Post-Intelligencer, April 16, 1894

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1894. SEATTLE, WASHINGTON, MONDAY, APRIL 16, believes he has found in Mr. Catlin, whom he has sent there as his successor. This, he tells Mr. Stagge, is the reason he ac. WOMEN REJOICE. cepts the resignation which Mr. Stagge . telegraphed to him three months ago, when the first publication of his earlier Unconditional Surrender of the life was made. Over Conviction of the Old Therei another reason which the compHouse Democrats. epresents the best troller may or may not have given in his Libertine, Breckinridge. letter to Mr. Stagge, but it is a very potent le leading importone. The people of Portland, and the bondsmen of Stagge, telegraphed to the PREPARING THE QUORUM RULE. facturers. We are NOT THROUGH WITH HIM YET. comptroller expressing all manner of confidence in Stagge, but did not ask that he for the celebrated be retained. Furthermore, in order to be sure that the man in whom they expressed The Jolly Republican Czar Expected ES. Social Purity Reformers Want Conso much confidence could not possibly get to Make a Fine Speech. away with any of their money. they fixed gress to Drive Him Out. it so that all the funds which he collected as receiver had to be deposited in the . Ainsworth National bank, whence it could In the Senate Numerous Tariff Speeches Other Moral Lepers Occupy High Places not be drawn by Receiver Stagge except Are Scheduled Morgan's by the joint signature of himself and one at the Capitol- Sister of Breckin. New Tariff Bill-Eckels' Contempt of his bondsmen. When Comptroller ridge's Dead Wife Sends Flowers to for Oregon Democrate Eckels first learned this he was somewhat foremost makes, Miss Follard's Attorney. inclined to be angry. "The receiver of a Worcester, national bank, he said at that time, "must be responsible to no one but to the P. Ladies will WASHINGTON CITY, April 15.-Thest comptroller. I can't have anything like WASHINGTON CITY, April Miss Madgle over the adoption of the new quorumthat, and won't, either. If the truth eline Pollard is the most talked- person kes to be perfect counting rule decided upon by the Demowere known, this is probably the most powin Washington City today. As might cratic caucus last Friday will be the erfal reason for the change. II give beauty and have been expected with a woman of her feature of the coming week in the house. When the POST-INTELLIGENCER antemperament, the long strain of the trial The details of the rule have not yet been rm and ease and nounced the appointment of Mr. Catlin, a culminated in nervous prostration. She formulated by the Democratic members of week ahead of any other paper in the wearer. was taken last night to Providence hospithe committee on rules, composed of country except two Chicago journals who tal, situated in a quiet part of Speaker Crisp and Mesars. Outhwaite and published it on the same morning, it creThe attending physicians do not anticiCatchings, but it will probably be ready to ated in the Oregon metropolis, pate any serious effects from her illness. submit to the full committee when it judging from the number of telegrams reDuring the trial several communications meets tomorrow morning. Inssmuch as ceived in the next two or three days. Mr. came to Miss Pollard and to her lawyers DS. about one-third of the Democrats are Stagge had begun to feel somewhat secure from managers of theaters and opera violently opposed to any quorum-counting in his place and made some efforts to hold companies, offering high salaries if she rule, it will be impossible for the it, while the disappointed Democrats in would appear in almost any capacity Democrats alone, should the Repubtifarious lines in Oregon began to howl in unison against under their auspices. Acting under the licans decline to vote and the Democratic this importation of foreign intellect when advice of her lawyers, she has paid no atopposition sustain their opinions to the nt are of exceedthey had so much going to waste there at tention to any of these communications extent of declining to vote to make a home. A friend of Mannie Myers. who Since the verdict was rendered yesterday quorum, to make such a vote. In other usefulness. has been very sore ever since T. J. Black afternoon the theatrical managers rewords, unless the Democrats should frame defeated him for the collectorship of cusdoubled their importunities, and several a rule satisfactory to the Republicans the telegrams have come to Miss Pollard offertoms, called on the comptroller to urge latter could, if they chose, prevent its that this appointment of a Chicago man ing astonishing sums to goon the stage adoption. The Republicans will, howwould disrupt the Democratic party in at once. Her friends decline to give the ever, surely acquiesce in the adoption of Oregon right in the face of the great elecnames of the theatrical managers or to any rule that contains the essential printion that was coming on, and that it must discuss the offers, saying that no ciple of counting as "present but not votnot be done. The comptroller, with some attention will be paid to any of ing" those members who decline to re&CO. asperity, told him that the office was not a them. An Associated Press reporter spond to their names. This is the parliapolitical one, and must not be considered who called at the hospital today and was mentary principle which Mr. Reed has informed that Miss Pollard was unable so in any sense. If that was the only way been contending for ever since the end of er Place. the Democratic party in Oregon could be to receive callers, sent to'her a notefinquirthe Fifty-first congress, and it is exing her plans for the future. The note saved he did not think it could hardly be pected that when the rule is presented worth saving. was answered in person by her brother. he will make one of the greatest After the appointment was made several Mr. John D. Pollard, who said: 'My speeches of his life. Owing to the prominent Democrats in Portland telesister has made no plans for the future, death of Senator Vance, the house and we cannot tell yet what she intends graphed to the comptroller. asking that Jos W. PHILLIPS, Secretary. will probably adjourn immediately tomorStagge be retained, but it came too late. to do. She asked me to say to you most row, and the fight over the new rules will 0,000. For Mr. Stagge's consolation, however, it emphatically that she never has enterbe postponed until Tuesday. It is probmay be stated that it would hardly have tained any intention of going on the able that little time will be allowed for ment Comp'y done any good for the comptroller has stage. Nothing could be further from her debate, and the chances are that when the intentions. It is absurd. All she asks since said that, leaving Mr. Stagge's house adjourns Tuesday evening the Financial Agents. Offers special character out of the question altogether, for now is rest and quiet. safe investment of capital. quorum-counting rule will have been had he known at the time of the bank's Judge Wilson's defense of the rights of adopted and filibustering of the kind failure of all the warring elements in Port. woman to an equal place with man in the which has characterized the proceedings land, he would have sent some Eastern professions was so appreciated by many of of the house for the past three years will man out there in the first place. the Washington City ladies that a party of be a thing of the past. soon as the them sent to him a magnificent bunch of new order of things has been established For Relief of Donation Claim Settlers. La France roses, which adorned his parlor in the house consideration of the approWASHINGUON CITY, April 15.-Special.] UCKETS today. They were accompanied by a note priation bills will be resumed and will con-Representative Herman's bill prescribstating that they were intended as sume the remainder of the week. ing limitations of time for completion of d Wood an Willowware just rean expression of appreciation for margins by us as groceries. title to certain lands disposed of under the The senate will adjourn soon after the his championship of the cause of hour of meeting tomorrow, out of respect donation act of 1850, intended to apply women in the professions. One for the memory of Senator Vance. With only to citizens of Oregon, which passed of the signers was Mrs. Dan Waugh. wife the house early in the session, came back COOPER & LEVY, the exception of the Chinese treaty. which of the Indiana congressman, and another Wholesale and Retail Grocers is to be considered on Tuesday. and the from the senate in the shape of an entirely was Miss Louise Lowell, the stenographer new bill, which applies also to donation routine morning business of each day, the who wrote Col. Breckinridge's letters land claimants in Washington and Idaho. remainder of the week promises nothing while he was the capitol. and another Wilson of Washington asked that be but a continuation of the tariff was Miss Mary Desha, sister of Col. debate. There IS little doubt referred to the committee on public lands Breckinridge's late wife. The tribute of D MANDOLINS the senate will accept the in order that ample time might be given Miss Desha is significant of the feeling of agreement reached between Senators Harfor an examination of its provisions and the relatives of the late Mrs. Breckinridge cturers' Agents. for a hearing upon them if necessary. ris and Aldrich, providing that general toward the colonel. debate on the tariff shall not be interWith the understanding, however, that D Stationery & Printing Co. Hardly had the verdict been rendered nt Street, the bill had merely been reconstructed in rupted by roll calls or other business. and when a meeting of prominent Washingshall continue each day from to5o'clock. order to make its phraseology more lawton City women was called. Representayer-like, the house agreed to the request of This will probably preclude all parliatives of several leading female organizathe senate for a conference upon its mentary contests and pave the way tions met and after an interesting conferfor a dozen or so tariff speeches. Senamendment, and the matter there rests for ence adopted resolutions calling upon the present. The bill as now constructed ator McLaurin will speak on Wednes30c congress to consider the qualificaday. and later in the week fixes December 31, 1895, as the last day on R tions of Representative Breckinridge Per Brick. which claimants under the donaSenators Turpie and Palmer and for membership in that body. tion act may perfect title. After possibly other Democratic senators will 111 South Second St. Among the organizations represented that date they shall be held speak. On tho Republican side Senators were the Woman's Suffrage Association to have abandoned their claims. Dolph. Morrill, Perkins, Higgins, Gallinand the Woman's Christian Temperance It is provided, however, that notices shall ger. Hoar. Cullom, Cameron and WashUnion. Mrs. Sarah La Fetra, of the latter be mailed to all such claimants who have burn will probably address the senate if organization, and Mrs. Ellen 8. Murphy, not perfected title by registers and retime permits. If there should at any time widow of the late Gen. Murphy. and who ceivers whenever addresses be learned, be any lack of speakers Senator Quay will is a practicing lawyer and prominent in and publication made in three newscontinue his speech, the delivery of which, the movement for the d vancement of OARDING. papers for four weeks, as soon as possible it is understood, will consume several women, were among the leading spectators after.the passage of the act. All donation days' time. of the meeting. The resolutions adopted claims held to be abandoned shall be remen Only. were: WHY MR. STAGGE WAS REMOVED. stored to the public domain January 1, *To the House of Representatives: We, Pettengill and the Democratic Heelers 1896, and be subject to disposal under representative women of Washington City, Had Nothing to Do with It. then existing laws. Heirs or assigns who aiming toward the establishment of a higher code of morals and against the WASHINGTON CITY, April 10.-[Special.] may have been in indisputed possession atrocious double standard which has for twenty years, however, and shall make S. B. Pettengill, of Tacoma, undoubtedly cursed society so long, declare that we do knows of W. W. Catlin, the newly apsuch proof at the land office, shall be ennot believe masculinity to be a license for titled to patents. Where an abandoned pointed receiver of the Oregon National uncleanliness, but holding the same high bank at Portland, but it does not follow. donation claim may have been settled standard for women which men hold, deB. Yesler as some people out in Washington and upon prior to January 1, 1894, under an mand that an equally high one shall be reOregon seem to think, in view of Mr. Peterroneous idea of right, and has been used quired of manhood; therefore, tengill's prompt indorsement of the new as bona fide residence, where final proof Resolved, That we must have chastity for chastity, under one rule of rights, appointee as "a good man,' that he had shall not be made by the original donation bearing as rigidly in its application upon claimant, and when the settler has exanything whatever to do with the ap. $1.00 Per Day. one sex as upon the other. From this pointment. hausted his homestead right, he may, standpoint we ask congress to consider Who is S. B. Pettengill, of Tacoma within ninety days after January 1, 1896. the case of W. C. P. Breckinridge, regard. $3 TO $5 WEEK. upon establishing these necessary facts. asked Comptroller Eckels a few days be. ing his conduct as unbecoming a legislator. Be it further purchase 160 acres of the land at $1.25 an fore he decided to appoint Mr. Catlin. Cable Car to Building. acre. As in other contested cases, hearResolved. That we, daughters. wives When told he replied "Well, he is the and mothers of the commonwealth, exings may be had before the land commisonly man in Washington or Oregon, in press a belief that types ot the highest sioners, contestants paying the costs. In the weeks that have elapsed since Lionel manhood are to be found in congress; Stagge's past life became known to the view of the probable passage of this act, it therefore we ask. in full confidence, that will be well for those holding lands under public, who has written to me demanding the house of representatives shall join in old donation claims to look up their titles Mr. Stagge's removal from the office to the sentiments held by us and take some CO., INC. definite action to insure the high characand see if they are perfect. which I had appointed him. He said he Dealers in ter of our country's administration and used to live in Portland and was thorA New Nicaragus Canal Bill. help the future national counsellors to oughly conversant with the political situpresent a clean and unchallenged body of WASHINGTON CITY, April 15.-Senator ation there and that it would be a great legislators. Morgan, chairman of the senate commitblow to the Democratic party if this 'con-


Article from The Morning Call, June 2, 1894

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NOT PREFERRED CREDITORS. Multnomah County and Portland Must Take Their Chances. PORTLAND, Or., June 1.-In the United States court Judge Bellinger to-day decided that the county of Multnomah and city of Portland cannot be made preferred creditors of the Oregon National Bank, which IS in the hands of a receiver, and must therefore take their chances with other depositors. The suit was brought by the city and county against the bank for a decree that the money deposited by the Sheriff, amounting to $149,280 05, be made the property of the county, and, inasmuch as the county had nothing whatever to do with placing the money in the bank, that It should be made a preferred creditor. The city also joined in the suit and asked to be made a preferred creditor for $14,574 65. which had been placed in the bank by the City Treasurer. Judge Bellinger held that the funds, although wrongfully mingled with the assets of the bank, could not be dealt with in the manner prayed for. If the city and county were made preferred creditors this preference would extend TO the property of others, which would be unjust and unfair.