Bank of Boise - Boise, ID

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Boise, Idaho (43.614, -116.203)

Metadata

Model: gpt-5-mini
Short Digest: 6d123379

Response Measures

None

Description

The article lists a recent failure one at Wallace among several Idaho state-chartered bank failures. The piece gives no details of a depositor run or reopening; it contextualizes failures with embezzlement and insolvency among state banks, so I classify this as a suspension/failure (permanent closure) of a state bank. Date of the failure is not provided in the excerpt.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article groups Wallace with other state-chartered bank failures linked to embezzlement/insolvency and poor oversight (state bank examiner indebted to insolvent institutions).
Newspaper Excerpt: Idaho has experienced a number of bank failures within the past two or three years. Among the failures were one at Boise, one at Wallace, one at Hailey, one at Blackfoot and one at Mackay.
Source: newspapers

Newspaper Articles (1)

1. December 13, 1912 The Caldwell Tribune Caldwell, ID

Article from The Caldwell Tribune, December 13, 1912

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Article Text

PERTINENT NEWS OF STATE WITH OUR OWN COMMENT The Governor's Friends May be Storing up Trouble for Him nampa HAS WINDSTORM First Jury in the State Entirely Composed of Women Finds Member of Sex Guilty of Assault-Jury Fail to Agree in Case of Blackfoot Banker, D. R Jones. While the friends of Governor James H. Hawley are urging that he be made Secretary of the Interior in the cabinet of President Wilson, they should remember that they may be creating trouble for our governor. The last western man who occupied this distinguished position was driven from office by the faddists and muckrakers of the eastern states. Hon. Richard A. Ballinger, as honest, able and conscientious cabinet officer as the country has ever had was pestered to distraction simply because he tried to carry out the western idea in accordance with the law. Secretary Ballinger insisted upon keeping within the law even though muckraking magazines and politicians thought differently. If overnor Hawley becomes Secretary of the Interior he will have the same fight on his hands. The Pinchot-Roosevelt idea of the conservation of our natural resources is not the idea of the people of the west. The people of Idaho believe that they are perfectly competent to conserve such resources within the state as may need conserving. As little interference on the part of the is federal government as possible greatly to be desired. The inhabitants of Idaho want to see their state developed. They want the timber placed in homes and buildings; the water placed upon" the land; and the water power utilized. To accomplish this purpose the national policy as formed by Gifford Pinchot and enforced by Secretary Fisher must be changed. The change will arouse a storm in the eastern states. The people there having squandered their own heritage now wish to assume the guardiaship of the west. In the development of the eastern and Mississippi valley states the resources at hand were freely used. While there may have been great waste we believe that there are few people who would care to restore those states to their primal glory. To utilize without waste or extravagance is the aim of the west. The people here belive that conservation that simply bottles up is the quickest and most indefensible method by which we can dissipate our natural resources. As Governor Hawley is of the west he naturally takes the western view of conservation. We trust that he will be appointed Secretary of the Interior and that he will escape the fate of Secretary Ballinger. Another Failure to Agree. D. R. Jones, formerly a banker of Blackfoot, was tried in the district court of Bingham county this week on the charge of embesslement. The jury failed to agree and the case will be tried again. It is alleged, that the defalcations of Jones caused the suspension of the Mackay bank as well as one of the Blackfoot banks. This is the second time the jury failed to agree where former bankers were on trial. In the case against B. F. O'Neil the same result ensued. Just what the ultimate result will be is unknown, but it is safe to say that both culprits will eventually get clear. Idaho has experienced a number of bank failures within the past two or three years. Among the failures were one at Boise, one at Wallace, one at Hailey, one at Blackfoot and one at Mackay. In every instance they were banks organized and operated under the state laws. Im at least two instances it was shown that the state bank *examiner was a debtor to the insolvent institutions. It is openly charged that the state official used his knowledge of the condition of the bank to secure loans. If such be the case a deplorable condition exists. The next session of the legislature should overhaul our banking laws. The greatest insurance that stock holders and depositors can have is the honesty and integrity of the offficers of the bank. In ninety-nine cases out of a hundred our bank officials are all that can be desired. Once in a while, however, a reckless, not to say dishonest, man becomes connected with a bank. To guard against such the laws must be, made most stringent. To safeguard the depositors and the publie generally should be one of the chief measures that the next legislature should consider. Water Power of the State. According to Allen Miller and other filled the office