4034. Coeur Dalene Bank (Wallace, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 8, 1893
Location
Wallace, Idaho (47.474, -115.928)

Metadata

Model
gpt-5-mini
Short Digest
9692cadc

Response Measures

None

Description

Multiple contemporary articles report the Coeur d'Alene Bank (Wallace, Idaho) did not open on April 7–8, 1893 on advice of the bank's attorney due to a disagreement/dissolution between the owners (DeLashmutt & McAuley). The sheriff was appointed receiver and funds attached; later reports (Apr 14) show a receiver to wind up affairs and list liabilities/assets, indicating permanent closure. No bank run is described. Bank name corrected to standard spelling 'Coeur d'Alene Bank'.

Events (2)

1. April 8, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension advised by attorneys because of a disagreement between the owners (dissolution of partnership); county treasurer attached funds and sheriff took charge as receiver.
Newspaper Excerpt
The Coeur D'Alene bank of Wallace did not open this morning. This action was advised by the bank's attorneys, who assert that the suspension is owing to a disagreement between the owners, Delashmutt & McAuley, who will dissolve partnership.
Source
newspapers
2. April 14, 1893 Receivership
Newspaper Excerpt
The liabilities of the Coeur d'Alene bank of Wallace, which failed a week ago, are $70,000... A receiver will be appointed and the affairs of both banks wound up.
Source
newspapers

Newspaper Articles (10)

Article from Asheville Daily Citizen, April 8, 1893

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Article Text

naslinaton Banks Close. SEATTLE, Wash., April 8.-The Coeur D'Alene bank of Wallace and the Bank of Wardner closed their doors yesterday morning. The suspensions created great excitement and even evoked threats of violence. The Bank of Wallace had a bout $85,000 on deposit and the Bank of Wardner $35,000.


Article from The Morning Call, April 8, 1893

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Article Text

IDAHO BANKS CLOSED. Not Due to a Failure, but a Disagree= ment. SPOKANE, April 7.-A Review special from Wallace, Idahe, says: The Cour d'Alene Bank did not open this morning. This action was advised by the bank's attorneys, who assert that the suspension is owing to a disagreement between the owners, Delashmutt & McAuley, who will dissolve partnership. H. B. Hall, cashier and County Treasurer, attached the funds to secure the county deposit of about $20,000. The city deposit is about $1000. The Sheriff has taken charge as receiver, under appointment of Judge Hollman. The individual deposits are small and very little uneasiness is felt. The bank at Wardner, owned by the same parties, is also closed.


Article from The Daily Morning Astorian, April 8, 1893

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Article Text

IDAHO BANKS SUSPENDED. Spokane, Wash., April 7.-A Review special fiom Wallace, Idaho, says the Coeur d'Alene Bank did not open this morning. This action was advised by the bank's attorney who asserts that suspension is owing to a disagreement between the owners, DeLashmutt and McAulay, who will dissolve partnership. H. B. Hall the cashier and county treasurer has attached the funds of the bank to secure a county deposit of $20,000.The sheriff has taken charge as receiver. The individual deposits are small and very little uneasiness is felt. The bank at Wardner, owned by the same parties is also closed.


Article from The Morning News, April 9, 1893

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Article Text

TWO BANKS CLOSED. Great Excitement Caused in Two Towns in Washington. SEATTLE, Wash., April 8.-The Coeur D'Alene Bank of Wallace and the Bank of Wardner closed their doors yesterday morning. The suspensions created great excitement in that region, and even evoked threats of violence. The banks are owned principally by George B. McCauley and Van B Delashmutt, the latter being a well known financier and mine owner of Portland. The bank of Wallace had about $85,000 on deposit, and the Bank of Wardner $35,000. Shortly after the banks closed announcement was made that Mr. Van Delashmutt had assigned.


Article from New-York Tribune, April 9, 1893

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Article Text

TWO BANKS CLOSE THEIR DOORS. Seattle, Wash., April 8.-The Coeuer d'Alene Bank of Wallace, and the Bank of Wardner closed their doors yesterday morning. The suspensions caused great excitement and even evoked threats of violence. The banks are owned principally by George B. Mc. Auley and Van B. Delashmutt, the latter being a well-known financier and mine-owner of Portland. The Bank of Wallace had about $85,000 on deposit. and the Bank of Wardner $35,000. Shortly after the banks closed the announcement was made that Van B. Delashmutt had assigned. Wallace, Idaho, April 8.-H. B. Fall, cashier and county treasurer, has attached the funds of the Coeur d'Alene Bank to secure the county deposit, about $20,000. The city deposit amounts to about $1,000. The sheriff has taken charge as receiver under the appointment of Judge Holleman.


Article from Richmond Dispatch, April 9, 1893

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Article Text

Our Continent. The Board of Directors of the Olympic Club, New Orleans, have decided to di. vide the purse between Bowen and Burke, the middle-weight pugilists. A special from Houston, Tex., says: The wholesale grocery house of W. D. Cleveland & Co., one of the largest in the State, was burned last night. Loss, $165,000; insurance, $140,000. At a meeting of the Board of Directors of the Reading Railroad Company yesterday the resignation of President A. A. McLeod was accepted, and Joseph S. Harris was chosen to fill the vacancy. The steamer America arrived at New York last night having in tow the Danish steamer Hekla with her shaft broken. The America has been towing the Hekla since April 3d and will net heavy salvage. The Coeur d'Alene'Bank. of Wallace, and the Bank of Gardner, Washington State, closed their doors Friday morning. The suspensions created great excitement in the regions most concerned and even evoked threats of violence. District-Superintendent William Samels. of the Lehigh-Valley Coal Company. Wilkesbarre, Pa.. was burned to death in Dorrance shaft Friday. He entered the shaft to inspect it and in some unknown way set the mine on fire and lost his life. Reports from a number of points in Western New York show that the windstorm of Friday did considerable damage to property. At Springville the barn of Vedder Hemstreet was blown down and Homstreet. who was milking cows. was killed. The preliminary trials of A. R. Sutton, the warehouse receiptforger. and his bookkeeper, Beecher. were held in'the Louisville City Circuit Court yesterday morning. Sutton was held in $35,000 and Beecher in 85,000 to answer before the grand jury. The 200th anniversary of the use of the printing press in the colony and city of New York was celebrated with appropriate exercises at the building of the New York


Article from The Sedalia Weekly Bazoo, April 11, 1893

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Article Text

Bank Suspension. WALLACE, Idaho, April 8.-Coeur de Lene bank has suspended on the advice of the bank's attorney, who says the action is owing to the dieagreement between the owners, Delashm tt and Macauly and that they will dissolve partnership. H. B. Ball the cashier and the county treasurer attached the funds to secure the county's deposit of about $20,000. The city deposit amounts to about$1,000. The sheriff has taken charge as a receiver, under the appointment of Judge Holleman. Individual deposits are light and but little uneasiness is felt. The bank at Wardner, owned by the same parties, is also closed.


Article from The Anaconda Standard, April 15, 1893

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Article Text

TO WIND THEM UP. Two Idaho Banks Fall With Plenty of Assets. MURRAY. Idaho. April 14.-The liabilities of the Coeur d' Alone bank of Wallace, which failed a week ago, are $70,000. The assets are said to be ample to pay all claims. The Miners' Exchange bank at Wardner, owned by the same parties, which was also closed. has liabilities of £06,000 and assets of $88,000. A receiver will be appointed and the affairs of both banks wound up.


Article from The Weekly Tribune, April 21, 1893

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Article Text

Idaho Bank Failures. MURRAY, Idaho, April 14.--The liabilities of the Coeur d'Alene Bank of Wallace, which failed a week ago, are $70,000; assets said to be ample to pay all claims. The Miners Exchange bank at Wardner, owned by the same parties, which is also closed, ha , liabilities of 886,000, and assets $88,000. A receiver is to be appointed and the affairs of both banks wound up.


Article from The Dalles Times-Mountaineer, April 22, 1893

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Article Text

The Closed Coeur D'Alene Banks. MURRAY, Idaho, April 14-The liabili ties of the Cour d'Alene bank of Wallace, which failed a few days ago are announced as $70,680. and the assets $106,000. In the application for a receiver, Van B. DeDashmutt and George B Mc Aulay allege that no stock was issued and that they controlled the business of the bank. The county of Shoshone is included among the depositors to the extebt of $18 435 A receiver 18 asked for chiefly to wind up the affairs of DeLashmutt & MrAulev as copartners in all their affairs in this county. Suit is also brought by DeLashmutt & McAuley against the Cour d'Alene bank to close it up after all its business 18 settled. The liabilities of the Minera' Exchange bank at Wardner are $88,000