3965. Commercial Bank (Moscow, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 20, 1895
Location
Moscow, Idaho (46.732, -117.000)

Metadata

Model
gpt-5-mini
Short Digest
ee1de206

Response Measures

None

Description

The Commercial Bank of Moscow, Idaho suspended in March 1895 after its cashier/ex-county treasurer I. C. Hattabaugh failed to turn over public funds and was accused of deception/embezzlement. A receiver (Clarence M. Brune) was appointed later in March, and subsequent reporting treats the institution as failed (indictments, funds tied up). No contemporaneous run on deposits is described — the cause is bank-specific adverse information (misappropriation/shortage). OCR inconsistencies in articles invert assets/liabilities in a couple of brief notices; I did not correct the bank name or city.

Events (2)

1. March 20, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier/ex-county treasurer I. C. Hattabaugh failed to turn over state/county funds (about $17,000+), leading to suspension and claims of deception/embezzlement.
Newspaper Excerpt
BOISE, Ida., March 20.-Word is received here that the Commercial Bank of Moscow closed its doors to-day. The principal of the bank is I. C. Hattabaugh, who was county treasurer up to Jan. 14. He owes the State $17,590, and the officials have been pushing him for a settlement.
Source
newspapers
2. March 25, 1895 Receivership
Newspaper Excerpt
Moscow, Ida, March 25 -[Special.] Clarence M. Brune has been appointed receiver of the Commercial bank. -Spokane Chronicle.
Source
newspapers

Newspaper Articles (12)

Article from The Indianapolis Journal, March 21, 1895

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Article Text

Other Business Troubles. ST. PAUL, March 20.-At a meeting of the board of directors of the Walter A. Wood harvester works it has been decided to take immediate action towards releasing the company's property from the control of the receivers who were appointed yesterday. It is thought this can be accomplished in ninety days. General Manager Macgowan, who is one of the receivers, says there will be no interruption of work at this point, but all employes will be kept busy. He states that as the company has $3 assets for every dollar of liabilities he can see no reason why the receivership should not terminate within ninety days. CHICAGO, March 20.-The American Exchange National Bank to-day ordered a levy made on the stock in the Hyde Park Gas Company, owned by Charles D. Hauk, of Philadelphia. The attachment was made to protect a note for $22,500 given to the bank. Hauk was formerly treasurer of the company and is now one of its directors. BARNESVILLE, O., March 20.-The Buckeye Advertising Company, one of the largest novelty works in the State, has gone into the hands of a receiver, owing to a disagreement among the stockholders. F. A. Drummond was appointed receiver with a bond of $20,000, and the concern will run as heretofore. BOISE, Ida., March 20.-Word is received here that the Commercial Bank of Moscow closed its doors to-day. The principal of the bank is I. C. Hattabaugh, who was county treasurer up to Jan. 14. He owes the State $17,590, and the officials have been pushing him for a settlement.


Article from The Morning News, March 21, 1895

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Article Text

An Idaho Bank Suspends. Spokane, Wash., March 20.-The Commercial Bank of Moscow, Idaho, suspended this morning owing to the demand made by the state auditor on ex-County Treasurer Hattabough, who is cashier of the bank. for $17,000, which he failed to turn over to the state. The assets are $127,000; liabilities, $67,000.


Article from The True Northerner, March 29, 1895

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Article Text

Told in a Few Lines. The Commercial Bank of Moscow, Idaho, has suspended with liabilities of $127,000 and assets of $67,000. What the Indiana Legislature needs is an athletic instructor rather than an enrolling and engrossing clerk. Gov. Stone, of Missouri, has appealed to the people of the State for aid for the poor of Kansas and Nebraska. Steel-workers at the Carnegie piant, Homestead. have reorganized and begun to talk of higher wages or a strike. Application for a change of receivers of the Oregon Short Line and the Utah Northern Railroad was denied in Portland. A temporary injunction restrains the principal of the public schools at Waverly, Pa., from using the Bible in school exercises. North Dakota's Supreme Court has ordered a new trial in the case of Wife Murderer Pancost, and the belief is he will escape punishment.


Article from Cottonwood Report, March 29, 1895

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Article Text

Moscow, Ida, March 25 -[Special.] Clarence M. Brune has been appointed receiver of the Commercial bank. -Spokane Chronicle.


Article from The Anaconda Standard, March 29, 1895

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Article Text

THE MOSCOW BANK FAILURE. Looks Bad for Hattabaugh-Spokane Variety Theaters Must Go. Special Dispatch to the Standard. SPOKANE, Wash., March 28.-It now develops that the failure of the Commercial National bank of Moscow, Idaho, was caused by deception and the more that is learned the worse it places I. C. Hattabaugh in the dark. D. Lombard, jr., one of the heaviest stockholders in the bank, endeavored to consolidate the Commercial with the Moscow National. It was believed the scheme would be accomplished and he left for New York, taking $45,000 of the Commercial's best securities to get aid to pay the debt to the state and county. Assistance has not yet been received and as a receiver has been appointed and attachments filed, it is doubtful if it will be forthcoming. Hattabaugh being president of the Commercial, where the public funds in his charge were deposited, the state officials say his method of handling these funds was unbusinesslike. Papers are now in Moscow ready for service to arrest Hattabaugh in a criminal action instituted by the state of Idaho. The city council after a long and heated debate, in which many prominent business men took part, decided by a vote of 9 to 6 to close the variety theaters. Mayor Belt has five days in which to pass on the ordinance. The county commissioners to-day requested W. A. Ritchie, architect for the new court house, in the interest of harmony to resign immediately. Ritchie says he has a contract and won't quit.


Article from Crawford Avalanche, April 4, 1895

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Article Text

Told in a Few Lines. The Commercial Bank of Moscow, Idaho, has suspended with liabilities of $127,000 and assets of $67,000. What the Indiana Legislature needs is an athletic instructor rather than an enrolling and engrossing clerk. Gov. Stone, of Missouri, has appealed to the people of the State for aid for the poor of Kansas and Nebraska. Steel-workers at the Carnegie plant, Homestead, have reorganized and begun to talk of higher wages or a strike. Application for a change of receivers of the Oregon Short Line and the Utah Northern Railroad was denied in Portland. A temporary injunction restrains the principal of the public schools at Waverly, Pa., from using the Bible in school exercises. North Dakota's Supreme Court has ordered a new trial in the case of Wife Murderer Pancost, and the belief is he will escape punishment.


Article from Idaho County Free Press, April 12, 1895

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Article Text

COMMERCIAL BANK RECEIVERSHIP Retention of Mr. Brune a Matter of Contention. Moscow, April 4.-The arguments were made in the Commercial bank receivership case Tuesday. James W. Reid of Lewiston and G. G. Pickett appearing for County Treasurer Gilstrap, in favor of the retention of the present receiver, C. M. Brune and United States District Attorney Forney and F. L. Moore appearing in opposition to Mr. Brune's retention. The objection was that Brune is an "interested party," as cashier of the Moscow National, a creditor of the Commercial, and also a signer on Gilstrap's bond. The attorneys for Gilstrap contend that the phrase of the statute forbidding the appointment of an "interested party" applies to the present case. A decision is expected today. The demurrers in the Browne and Hattabaugh cases were argued yesterday, James W. Reid, D. C. Mitchell and District Attorney McNamee appearing for the county, and G. G. Pickett and J. H. Forney for Browne and Hattabaugh. Gay Lombard of Salt Lake City, representing the largest stockholders in the Commercial bank, spent Tuesday night in the city. Nothing has been learned of the object or results of his visit. Lombard was here last the week before the bank was compelled to close, and left for the east to secure funds.


Article from The Weiser Signal, October 10, 1895

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Article Text

THE COUNTY MONEY Two Bank Presidents Indicted by Moscow Grand Jury. EX-TREASURUR GILSIRAP ALSO Agreement to Deposit County Funds in Banks Provided the Presidents Go on the Bond. Moscow, Idaho, Oct. 5.-Two indictments, returned by the grand jury last evening, have created a sensation in this community. They are against exCounty Treasurer John Gilstrap, R. S. Browne, president of the Moscow National bank and I. C. Hattabaugh, president of the suspended Commercial bank of this city. The parties appeared in court this morning, Mr. Browne coming in even before the warrant was served upon him, and gave bonds for their appearance. The first indictment is based upon the fact that Gilstrap agreed to deposit county funds in the Moscow National bank and in the Commercial bank if Messrs. Browne and Hattabaugh, the presidents of the two institutions, would go on his bond. The county funds in the Commercial bank were tied up by the failure of the bank. From the Moscow National the county funds have been withdrawn in the course of business until now there is not a dollar belonging to the county on deposit. The second indictment charges the same parties with embezzling $3946, which was used by Gilstrap to redeem collateral securities so as to save the county from the loss in the Commercial failure. It will be interesting to learn how Browne and Hattabaugh are to be connected with the matters that led to the second indictment as Mr. Browne was in California at the time, and Gilstrap has testified that Hattabaugh was ignorant of his action. It is also stated that Commissioner Leasure, who was active in securing the indictment, is a stockholder in the Moscow National and was aware of the contract when made. The actions of the grand jury have excited considerable comment. One prominent populist stated today that he was surprised at these indictments when others had escaped. The bonds were fixed at $1000 in the contract case and $2000 in the embezzlement case.


Article from Idaho County Free Press, October 11, 1895

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Article Text

THE COUNTY MONEY Two Bank Presidents Indicted by Moscow Grand Jury. EX-TREASURUR GILS1RAP ALSO Agreement to Deposit County Funds in Banks Provided the Presidents Go on the Bond. Moscow, Idaho, Oct. 5.-Two indictments, returned by the grand jury last evening, have created a sensation in this community. They are against exCounty Treasurer John Gilstrap, R. S. Browne, president of the Moscow National bank and I. C. Hattabaugh, president of the suspended Commercial bank of this city. The parties appeared in court this morning, Mr. Browne coming in even before the warrant was served upon him, and gave bonds for their appearance. The first indictment is based upon the fact that Gilstrap agreed to deposit county funds in the Moscow National bank and in the Commercial bank if Messrs. Browne and Hattabaugh, the presidents of the two institutions, would go on his bond. The county funds in the Commercial bank were tied up by the failure of the bank. From the Moscow National the county funds have been withdrawn in the course of business until now there is not a dollar belonging to the county on deposit. The second indictment charges the same parties with embezzling $3946, which was used by Gilstrap to redeem collateral securities so as to save the county from the loss in the Commercial failure. It will be interesting to learn how Browne and Hattabaugh are to be connected with the matters that led to the second indictment as Mr. Browne was in California at the time, and Gilstrap has testified that Hattabaugh was ignorant of his action. It is also stated that Commissioner Leasure, who was active in securing the indictment, is a stockholder in the Moscow National and was aware of the contract when made. The actions of the grand jury have excited considerable comment. One prominent populist stated today that he was surprised at these indictments when others had escaped. The bonds were fixed at $1000 in the contract case and $2000 in the embezzlement case.


Article from Cottonwood Report, October 11, 1895

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Article Text

Moscow, Idaho, Oct. 5.-Two indictments, returned by the grand jury last evening, have created a sensation in this community. They are against exCounty Treasurer John Gilstrap, R. S. Browne, president of the Moscow National bank and I. C. Hattabaugh, president of the suspended Commercial bank of this city. The parties appeared in court this morning, Mr. Browne coming in even before the warrant was served upon him, and gave bonds for their appearance. The first indictment is based upon the fact that Gilstrap agreed to deposit county funds in the Moscow National bank and in the Commercial bank if Messrs. Browne and Hattabaugh, the presidentsof the two institutions, would go on his bond. The county funds in the Commercial bank were tied up by the failure of the bank. From the Moscow National the county funds have been withdrawn in the course of business until now there is not a dollar belonging to the county on deposit. The second indictment charges the same parties with embezzling $3946, which was used by Gilstrap to redeem collateral securities so as to save the county from the loss in the Commercial failure. It will be interesting to learn how Browne and Hattabaugh are to be connected with the matters that led to the second indictment as Mr. Browne was in California at the time, and Gilstrap has testified that Hattabaugh was ignorant of his action. It is also stated that Commissioner Leasure, who was active in securing the indictment, is a stockholder in the Moscow National and was aware of the contract when made. The actions of the grand jury have excited considerable comment. One prominent populist stated today that he was surprised at these indictments when others had escaped. The bonds were fixed at $1000 in the contract case and $2000 in the embezzlement case.


Article from Pullman Herald, October 12, 1895

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Article Text

Two Bank Presidents Indicted by Moscow Grand Jury. EX-TREASURUR GILS1RAP ALSO Agreement to Deposit County Funds in Banks Provided the Presidents Go on the Bond. Moscow, Idaho, Oct. 5.-Two indictments, returned by the grand jury last evening, have created a sensation in this community. They are against exCounty Treasurer John Gilstrap, R. S. Browne, president of the Moscow National bank and I. C. Hattabaugh, president of the suspended Commercial bank of this city. The parties appeared in court this morning, Mr. Browne coming in even before the warrant was served upon him, and gave bonds for their appearince. The first indictment is based upon the fact that Gilstrap agreed to deposit county funds in the Moscow National bank and in the Commercial bank if Messrs. Browne and Hattabaugh, the presidentsof the two institutions, would go on his bond. The county funds in the Commercial bank were tied up by the failure of the bank. From the Moscow National the county funds have been withdrawn in the course of business until now there is not a dollar belonging to the county on deposit. The second indictment charges the same parties with embezzling $3946, hich was used by Gilstrap to redeem collateral securities so as to save the county from the loss in the Commercial failure. It will be interesting to learn how Browne and Hattabaugh are to be connected with the matters that led to the second indictment as Mr. Browne was in California at the time, and Gilstrap has testified that Hattabaugh was ignorant of his action. It is also stated that Commissioner Leasure, who was active in securing the indictment, is a stockholder in the Moscow National and was aware of the contract when made. The actions of the grand jury have excited considerable comment. One prominent populist stated today that he was surprised at these indictments when others had escaped. The bonds were fixed at $1000 in the contract case and $2000 in the embezzlement case.


Article from The Kootenai Herald, October 12, 1895

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Article Text

Two Bank Presidents Indicted by Moscow Grand Jury. EX-TREASURUR GILSIRAP ALSO Agreement to Deposit County Funds in Banks Provided the Presidents Go on the Bond. Moscow, Idaho, Oct. 5.-Two indictments, returned by the grand jury last evening, have created a sensation in this community. They are against exCounty Treasurer John Gilstrap, R. S. Browne, president of the Moscow National bank and I. C. Hattabaugh, president of the suspended Commercial bank of this city. The parties appeared in court this morning, Mr. Browne coming in even before the warrant was served upon him, and gave bonds for their appearance. The first indictment is based upon the fact that Gilstrap agreed to deposit county funds in the Moscow National bank and in the Commercial bank if Messrs. Browne and Hattabaugh, the presidentsof the two institutions, would go on his bond. The county funds in the Commercial bank were tied up by the failure of the bank. From the Moscow National the county funds have been withdrawn in the course of business until now there is not a dollar belonging to the county on deposit. The second indictment charges the same parties with embezzling $3946, which was used by Gilstrap to redeem collateral securities so as to save the county from the loss in the Commercial failure. It will be interesting to learn how Browne and Hattabaugh are to be connected with the matters that led to the second indictment as Mr. Browne was in California at the time, and Gilstrap has testified that Hattabaugh was ignorant of his action. It is also stated that Commissioner Leasure, who was active in securing the indictment, is a stockholder in the Moscow National and was aware of the contract when made. The actions of the grand jury have excited considerable comment. One prominent populist stated today that he was surprised at these indictments when others had escaped. The bonds were fixed at $1000 in the contract case and $2000 in the embezzlement case.