Article Text
SMALL IDAHO BANK TEMPORARILY SUSPENDS Sand Point, Idaho, Nov. 16. The Traders' State bank, capitalized at $15,000. suspended payment owing to inability to realize quickly on loans. Its deposits amount to $120.000.
4015. Traders State Bank (Sandpoint, ID)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- November 16, 1907
- Location
- Sandpoint, Idaho (48.277, -116.553)
Metadata
- Model
- gpt-5-mini
- Short Digest
0d63e5b2
Response Measures
None
Description
Multiple contemporary newspaper notices (Nov 16–23, 1907) report the Traders' State Bank of Sandpoint suspended payment on Nov 16, 1907, citing inability to realize on about $60,000 of secured loans. Articles describe the suspension as temporary, but no reopening is reported in the provided sources; therefore classified as suspension_closure (no run reported and no evidence of reopening).
Events (1)
1.
November 16, 1907
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Inability to realize on about $60,000 of secured loans; liquidity shortage from illiquid loans prevented payments.
- Newspaper Excerpt
- The Traders' State Bank, capitalized at $15,000, suspended payment today owing to inability to realize quickly on loans.
- Source
- newspapers
Newspaper Articles (10)
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STATEMENTS ENCOURAGING Week's Decrease in Cash Reserve of Banks Small RECEIVERS ARE APPOINTED For Six New York Institutions in Response to Application. New York, Nov. 16-The statements of the clearing house banks for the week ended today showed that they hold $53,666,950 less than the required 25 per cent of their reserve. This is a decrease of $1,742,325 in the proportionate cash reserve as compared with last week. Receivers For Six New York Banks. Kingston, N. Y., Nov. 16.-Temporary receivers were appointed today for six New York City bank and trust companies which recently suspended payment. The application for the receivers was made by William F. Mackey, who acted for Attorney General Jackson. Small Idaho Bank Suspends. Sand Point, Idaho, Nov. 16.-The Traders' State Bank, capitalized at $15,000. suspended payment today OWing to its inability to realize quickly on its loans. The deposits amount to $120,000.
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P AN IDAHO BANK SUSPENDS PAYMENT. Sand Point, Idaho, Nov. 16.- The Traders' State Bank, capitalized at $15,000. suspended payment today owing to inability to realize quickly on loans. The deposits amount to one hundred and twenty thousand dollars.
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IDAHO BANK EMBARRASSED. Sand Point, Idaho, Nov. 16.-The Traders' State Bank, capitalized at $15,000, suspended payment temporarily yesterday. Inability to realize on $60,000 of secured loans is blamed for the suspension. The deposits amount to $125,000, all of which the officials have pledged to make good.
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BANK IN IDAHO SUSPENDS. SANDPOINT, Idaho, Nov. 16.-The Traders' State Bank, with a capital of $15,000, suspended temporarily today. Its deposits are estimated at $125,000.
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Idaho Bank Suspends. Sandpoint, Idaho, Nov., 16-The traders state bank, capitalized at $15,000, suspended payment temporarily yesterday. Inability to realize on $60. 000 of securities loans is given as the cause of suspensions. The bank's deposits amount to $125,000, all of which
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BANK SUSPENDED. Sand Point, Idaho, Nov. 16.-The Trader's State bank with deposit estimated at a hundred and twentyfive thousand dollars suspended today.
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IDAHO NEWS. Two 28-foot launches have arrived in Sandpoint. They are designed for the forestry service, one for Pend d'Oreille and the other for Priest lake, to patrol the lakes for fires and for trespassers of the forest reserves. The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston of horse stealing, has been sent to the
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IDAHO NEWS. Two 28-foot launches have arrived in Sandpoint. They are designed for the forestry service, one for Pend d'Oreille and the other for Priest lake, to patrol the lakes for fires and for trespassers of the forest reserves. The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston sof horse stealing. has been sent to the
Click image to open full size in new tab
Article Text
The Traders' State bank of Sandpoint suspended business, it is said, because of its inability to realize on about $60,000 of secured loans. The body of a man was found in the St. Joe river recently, about three miles below the fork. It was later identified as that of Alfred Ryberg, an employe of the C., M. & St. P. railroad. There were no marks of violence on the body. Garnett L. Griggs, who was convicted in the district court at Lewiston of horse stealing, has been sent to the Boise penitentiary on a two years' trip. W. H. McGarrah, who recently pleaded guilty of robbing the Northern Pacific ticket office at Kamiah, after telling a thrilling story of a hold-up, has been sentenced to serve two years in the state prison at Boise. A 10-year-old son of Ephraim Yergerson, who lives near Emmett, was thrown from a horse recently and his neck was broken. State Auditor Bragaur has been served with notice of issuance by the supreme court of a writ of review directed to him as secretary of the state e board of equalization. The writ has e been sent out by the county attorney of Washington county, who challenges the validity of the action of the board a in adding 78,840 sheep to the Washington county return. Such additions were made in a number of counties, and this case becomes of great interest. d According to Supervisor Fromme of S the Priest River national forest rer serve the bid of the Fidelity Lumber e company of Spokane for 28,000,000 d feet of timber on the reserve has been accepted. The sum involved is approxe imately $100,000, of which $25,000 is di on deposit. The timber is all on the 11 west branch of Priest river, and is white pine, red fir, tamarack and cedar. & st Benjamin Franklin McClain, the jockey who was seriously injured at Dr. Lewiston during the fair, has departed for Oakland, Cal., after spending six y weeks in the hospital with a broken Dleg. a While hunting quail on Hog island, rs a low, marshy tract of land lying in the e Clearwater river opposite East Lewiston, Thomas Tabor and Albert C. Metzrmire recently shot a large lynx, which they will have mounted. pCharles Stibbs, a well known charia acter around Sandpoint, died recently ed At one time he was "noted as the champion footracer of Canada. He was habout 50 years old. rs State Treasurer Hastings recently n, addressed a letter of inquiry to 40 state in depository banks asking what, if any es effect, the money stringency would in have upon the payment of taxes in January. They are practically unani n, mous in declaring the tax collections ar will not be affected. ed The Humbird Lumber company has oll put its new mill at Sandpoint in oper geation, which will furnish employmen to 500 men. The mill replaces on is which burned last March and has the asame capacity as the old one. dPenitent and torn by conflicting 40 emotions, Chaster Loveland, 20 year of age, walked into the police station W at Tacoma and gave himself into th hands of the law for forging check se, for $200 in St. Anthony, Idaho. ny