38. 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
3fcfa517

Response Measures

None

Description

Articles (1903-04-08 and 1903-12-12) indicate the bank was placed in receivership (John G. Price named receiver) and was paying dividends later in the year. No run is mentioned. OCR shows both First National Bank of Skagway and First Bank of Skagway; bank_name provided preserved as 'First Bank' and bank_type set to national based on the article text. Bank remained closed and in receivership (liquidation) rather than reopening as an operating bank.

Events (3)
1. April 8, 1903 Receivership
Newspaper Excerpt
John G. Price, receiver of the First Bank of Skagway, is now paying the creditors of that institution the second dividend.
Source
newspapers
2. April 8, 1903 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; receiver John G. Price named, indicating suspension/closure by authorities.
Newspaper Excerpt
John G. Price, receiver First National Bank of Skagwav
Source
newspapers
3. 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 second dividend is a little less than one-half that of the first ... Mr. Price says another dividend will be paid, but he does not know how much it will amount to as yet.
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.