Hamilton, Job & Company (Corvallis, OR)

Episode Information

Episode UID
7930232391122
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
793023239 hash
Start Date
June 10, 1893
Location
Corvallis, Oregon (44.565, -123.262)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f780e4d3596e34ee

Response Measures

None

Description

Suspension June 10, 1893 followed by assignment for benefit of creditors later in June.

Events (2)

1. June 10, 1893 Suspension
Cause
Macro News
Cause Details
Prevailing financial stringency / tight money and steady withdrawals led to lack of cash and suspension.
Newspaper Excerpt
We have been compelled to suspend for want of cash. Assets sufficient to pay depositors in full as soon as they can be realized upon.
Source
newspapers
2. June 19, 1893 Receivership
Newspaper Excerpt
The creditors of Hamilton, Job & Co., bankers, who failed a week ago, held a meeting today. The receiver made a statement showing total assets of $195,000... Assignment was then made for the benefit of the creditors.
Source
newspapers

Newspaper Articles (18)

Article from The Herald, June 11, 1893

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FINANCIAL TROUBLES. The Record of Saturday's Bank Failures, Assignments, Etc. CORVALLIB, Ore., June 10.-The - private bank of Hamilton, Job & Co. failed to open its doors for business this morning. Job & Co. expect to pay the depositors in full as soon as their assets can be realized upon. There was no preceding distrust apparent, but a steady withdrawal of deposite on account of the prevailing financial stringency. The assets are $255,000, in money, notes, county securities and real estate. The liabilities are $255,000, of which $171,000 is deposits. General confidence is expressed that the concern will be able to resume business shortly. The First National bank kept its doors open till 6 o'clock. SIOUX CITY, Iowa, June 10.-The Union Stock Yards State bank filed an assignment this morning. Its assets are placed at $428,667; liabilities, at $163,140. The bank is capitalized at $300,000. The clearing-house committee which investigated the failure stated that it is due to loose methods of carrying on business and will not affect anybody else in the city. The deposits are less than $50,000 and there is no possibility of any loss to depositors. CINCINNATI, June 10.-The Citizens' National bank of Hillsboro was closed order of curA cousin today rency. by the of comptroller ex-Governor of Forof the bank, and J. J. a aker Pugeley, vice-president. is president late The member last of statement, congress, two months ago, showed: Capital stock, $100,000; surplus, $50,000; undived profite, $19,000; average deposits, $275,000. WILMINGTON, o., June 10.-Owing to the suspension of the Citizens' National bank of Hillaboro yeeterday the Lynchburg branch of the institution has been forced to suspend, but it is thought only temporarily. MINNEAPOLIS, June 10.-A statement of assets and liabilities of the Northwestern Guaranty Loan company was filed this afternoon. It shows general assets $5,262,515 and general liabilities $3,145,722.76. TOLEDO, O., June 10.-A.1 L. Backue & Sone company, a grain firm of this city, made a voluntary assignment today. The liabilities are estimated at $300,000, while the assets are not known, though it is claimed they will be sufficient to meet the indebtedness. NEW YORK, June 10.-Kuhn, Doerflinger & Co., diamond merchants, have made an assignment.


Article from The Morning Call, June 11, 1893

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FOR WANT OF CASH. A Corvallis Bank Compelled to Close Its Doors. CORVALLIS, Or., June 10.-The private bank of Hamilton, Job & Co. failed to open its doors for business this morning. The following notice was posted on the door: "We have been compelled to suspend for want of cash. Assets sufficient to pay depositors in full as soon as they can be realized upon." There was no preceding distrust apparent, but a steady withdrawal of deposits on account of the prevailing financial stringency. The bank's assets are $255,000 in money, notes, county securities and real estate; liabilities, $205,000, of which $171,000 is in deposits. There is but little exment and general confidence is expressed that the concern will be able to resume business shortly. The First National Bank kept its doors open till 6 o'clock.


Article from The Wichita Daily Eagle, June 11, 1893

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FAILURES. HUTCHINSON, Kau., June 10.-T. J. Templer, president of the Kansas Grain company, which suspended in the early part of the week, has received a telegram from the Kausas City office, to come there at once for the purpose of making a reorgan ization of the company. All the creditors have been secured, to the latter's satisfacfaction. At a meeting held in this city Mr. Templer received substantial assurances from his friends that will form the foundation for a new company to resume the operation of his extensive system of elevators. CINCINNATI, June 10.-The Citizens NAtional bank of Hillsboro, O., was closed today by the comptroller and placed in the bands of an examiner. C. M. Overman, a cousin of Governor Foraker's, is president. The bank did a comparatively small basiness. NEW YORK, June 10.-Koenig, Doerflinger & Co., dealers in diamonds and precious stones, assigned today, with preferences of $10,000. MISSOULA, Mont., June 10.-C. P. Hig gins' Western bank has suspended, and will go into liquidation. The assets largely exceed the liabilities. After they have been realized upon business will be resumed. The bank was a private coacern. NEW YORK, June 10.-F. A. Phillips announced his failure at the Consolidated exchange this morning. SIOUX CITY, Ia., Jane 10.-The Union Stock Yards bank, E. W. Sterry, president, and C. C. Pierce, cashier, filed an assignment today, naming Howard G. Pierce as assignee. The assets are placed at $428,667, and the liabilities at $163,140. The bank was capitalized for $300,000. The clearing house committee says that the failure IS due to loose methods of carrying on business, and that it will not affect anybody else in the city. The depositors will be paid in full. TOLEDO, O., June 10.-The A. L. Backus and Sons' company, one of the best-known and thought to be one of the most flourishing grain firms in northern Ohio, have made a voluntary assignment for the benefit of their creditors. Alexander Backus, son of the president, is named as assignee. The liabilities are $300,000. The assets are not known, though It is claimed that they will be sufficient to meet the iudebtedness. The company is a stock concern, capitalized at $100,000. The embarrassment was caused by the depression in the money market and by suits commenced some time ago against eleven different firms charged with boycotting the Backus company. CORVALLIS, Or., June 10.-The private bank of Hamilton, Job & Co., has failed. A statement on the door reads: "Compelled to suspend for want of cash." The assets are sufficient to pay the depositors in full as soon as they can be realized upon. There has been A steady withdrawal of money on account of the prevailing financial stringency. The assets are $255,000 and the liabilities $205,000. There is but little excitement. MINNEAPOLIS, Minn., June 10.-The statement of toe assets and liabilities of the Northwestern Guaranty Loan company, filed this afternoon, shows assets of $5,262,514 and liabilities of $3,145,722.


Article from The Salt Lake Herald, June 11, 1893

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Suspensions in Corvallis, Or, CORVALLIS, Or., June 10.-The Corvallis Carriage and Wagon Factory company has been attached. Liabilities, $30,000; assets, $9,000; Hamilton Job & Co., private bankers, suspended payment today. A statement of assets and liabilities is not yet given out.


Article from The Indianapolis Journal, June 11, 1893

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Other Business Troubles. NEW YORK, June 10.-Edward F. Sanford & Co., dealers in diamonds, jewelry, etc., have made an assignment without preference. The failure is attributed to the shutting down on their commercial paper by the banks, and to dull trade. The liabilities are reported to be upwards of $150,000; assets probably $100,000. Snow & Burgess, shipping and commission merchants, also made an assignment. The failure is ascribed to tight money. George Doerflinger and Charles Kuhn, jr., composing the firm of Kuhn, Doerflinger & Co., dealers in diamonds and precious stones at 58 John street, to-day assigned to Frederick Belts, with a preference of $10,000 to the Quincy National Bank, of Florida, for notes discounted. MINNEAPOLIS, June 10.-Late this afternoon the schedules of the North western Guaranty Company were filed with the register of deeds. The showing is a great deal better than was at first expected, and is, briefly. as follows: General assets, $5,262,514; general liabilities, $4,145,722.76, leaving a balance in favor of the company of $1,116,791.24. GRAND FORKS, N. D., June 10.-Judge Templeton has appointed A. J. Foberg, of Duluth. receiver of the Red River Valley Elevator Company, which has a line of elevators on the Manitoba & Dakota division of the Northern Pacific Railroad, and is practically controlled by the same stockholders as the Northern Pacific Elevator Company. CORVALLIS, Ore., June 10.-The private bank of Hamilton Job & Co. failed to open for business this morning. Assets are $255,000 in money. notes, county securities and real estate; liabilities, $205,000, of which $171,000 is deposits. The cause of the suspension was the financial stringency. PITTSBURG, June 10.-The unsecured creditors of Godfrey & Clark. the paper manufacturers who recently failed, filed a petition in court today asking the appointment of a receiver. The unsecured indebtedness is $150,000. Godfrey & Clark haa offices in Chicago, New York and many other cities. GALVESTON, Tex., June 10,-The Texas Trading Company, a wholesale and retail corporation, has made an assignment to W. 8. Dorland. Assets, $163,000; liabilities, $81,800. NEW YORK, June 10.-Judge McAdam. of the Superior Court, has appointed Fabius McLarke and Dr. Henry T. Cutter receivers of the Casino


Article from The State Rights Democrat, June 16, 1893

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A BANK FAILURE AT CORVALLIS, / Special to the DEMOCRAT: CORVALLIS, June 10th, 1893. Shortly before banking hours this morning the following notice appeared on the doors of the well known banking house of Hamilton, Job & Co: "We are compelled to suspend for want of cash. Assets sufficient to pay all deposits in full as soon as they can be realized upon. Ca 6


Article from The Corvallis Gazette, June 16, 1893

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THE BANK SUSPENSION. It required considerable time Saturday morning for the citizens of Corvallis to realize that the pioneer banking house of Hamilton, Job & Co. had suspended pay. ment for a lack of cash. Almost all who were told of the disaster at first regarded the information as nonsense. The misfortune cast a gloom over the city, but it was generally believed that the bank would speedily resume business. In an ordinary state of the money market there would have been no difficulty of securing an almost unlimited amount of money on short notice, but as is well known, banks are crashing all over the land, and it behooves institutions of this kind to hold their funds. The notice on the front doors of the bank announces that the assets will be sufficient to pay liabilities as soon as they can be realized on, and that is about all the comfort depositors have been able to obtain up to this time. J. R. Bryson qualified on Monday as receiver for the institution and during the week has been engaged with as much assistance as he could make use of in examining the books, and it was hoped he would be able to make a statement of affairs in this is. sue of the GAZETTE, but it proved otherwise. The liabilities are said to be about $200,000. The receiver has called a meeting of the creditors for next Monday evening at the court house, at which a statement of the affairs of the bank will be made. This is the first failure in this state since the panic began to affect this coast, and it is confidently expected that there is no Occasion for serious alarm in other quarters in Oregon. A large number of banks have failed in Washington state, and the fact that many of them have resumed business goes far toward assurance of the Oregou banks' immunity from disaster. The First National Bank, of this city, was not materially affected by the misfortune of Hamilton, Job & Co., although, of course, the progress of business in the community generally will be retarded for a time.


Article from The Corvallis Gazette, June 16, 1893

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A CARD. To THE CORVALLIS GAZETTE: In consequence of the excitement attendant on the failure of Hamilton, Job & Co., bankers of this city, which unfortunate affair no one regrets more than ourselves, we desire to correct the widespread statement that there was a run made on this bank. A few excited or thoughtless people, of which there was no considerable number, drew their money. The business of this bank since Monday has been conducted as smoothly and every transaction has been as regular as on any day since the bank opened for business. It is a source of pride and gratification to us to state that the First National Bank, of Corvallls, was and still is strong enough to withstand heavy pressure, but still incre gratifying is the fact that our customers and friends have shown their contidence in us during these times. In conclusion, we desire to state that we have lost nothing in either the failure of Hamilton, Job & Co., or the Corvallis Carriage and Wagon Co., as either one of them does not owe us a cent. The First National Bank, of Corvallis, Or., M. S. WOODCOCK, Pres't. by: W. T. PEET, Cash. W. T. WILES, Asst. Cash.


Article from The Dalles Times-Mountaineer, June 17, 1893

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A Ba. k Su-pends at Corvallis. CORVALLIS. Or, June 10-The - bankiog house of Hamilton. Job & Co, of this city, and its branch at Y quina City posted a notice of suspension this morn 16g. There was DO apparent excitement over the affair, as the public is of the opinion that the suspension will be temperary and depositors will receive dollar for dollar. Since it, organization, in 1876 it has steadily grown 10 popularity and enjoyed the confidence of the busi ness CO umunity to a marked degree. Its owners. Messas. Z-ph1D nd B. /Jub, are known as two of the most enterprising and public spirited citiz ns in this section of the vallev, having contributed liberally to the agricultural College and other enterprises of a like nature.


Article from Mineral Point Tribune, June 17, 1893

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The Union Stock Yards State bank at Sioux City has assigned. No one will lose. Al Backus & Sons, grain dealers, have failed in Toledo. A small bank at Lynchburg has failed, and also the bank of Hamilton, Job & Co. Cowalis, Oregon.


Article from The Salt Lake Herald, June 20, 1893

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HEAVY FAILURE, An Oregon Bank Makes Assignment for Benefit of Creditors. CORVALLIS, Or., June 19.-The creditors of Hamilton, Job & Co., bankers, who failed a week ago, held a meeting today. The receiver made a statement showing total assets of $195,000. A deduction was made from this of $26,000 for doubtful overGrafts and bills receivable. The liabilities are $224,000. Assignment was then made for the benefit of creditors.


Article from New-York Tribune, June 21, 1893

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of liabilities is not obtainable. The officers of the bank claim that depositors will be paid in full. Corvallis, Ore., June 20.-The creditors of Hamilton, Job & Co., bankers. who failed a week ago, held a meeting yesterday. The receiver made a statement showing the total assets 10 be $195,000. A deduction of $62,000 for doubtful overdrafts and bills receivable leaves available assets of $133,000. The liabilities are $224,000. An assignment was then made for the benefit of the creditors.


Article from Lincoln County Leader, June 22, 1893

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repairing of your watches McCulloch clocks give J. to Anything and City, a call. drug store of will Yaquina be Jr.H. McNeil's extra left at attended to without charges. absorbing question how with they the pleasure-loving The the people, celebration, is since have the will Walluski get to and the Benton both been laid up. Mr. W. Buoy, a student short of visit Phil- to omath college, Akin's paid over a Sunday as Dr. J. L. from the beach enroute memhe returned home. Mr. Buoylis a and is for his the Philomath band, men of one ber of of the leading young that city. FOUND-A purse containing also a a considerable sum of money, can get knife. The owner giving pocket same at the postoffice the by same, W. E. the the proper discription of RICH, Postmaster. evening the steamer lumber Tuesday started to tow the FranHarrison Del Norte, of San The schooner over the Nehalem bar. to cisco, seemed to lose power steamer Harrison herself, and both on the handle schooner went aground south and spit of the north channel. was blow- A strong northwest wind it impossible to ing, and clear this of the made spit. The that crews the keep and it is thought high are boats safe, will both come off at tide. 11. Friday night while with the Richardson Last was going down ran inloads of rock she two the SCOW fog and Captain Chatterton anchor for thought to he would was cast done and all hands the night. went tide This to sleep. went out Along and in was the the night boat being the closer inshore and boat than were supposed, reposing the serenely SCOWS on the botton floated off. left till next high tide when she of our county officers county who One good money from the takes the and taxpayers draws for his services sends east to county get his money stationery. This calibre exhibits that of small bore relic. a species worthy of preserving as that a he is excuse he istated half as could As an get stationery almost here. We as he could get it we cheap know about that, but referred do don't that the gentlemen of any know asked the price of any to stationery never or printed matter further at this office; and we in the that our bids on office will average for clerk's know kind file less than the Portland offices charged county work. The other with the same are well pleased prinofficers work done by Lincoln county sense to and show the good county have their ters, work done at in home. the But is and then keep to send the money away after goods Henglish, ye know. The statement of the Receiver the of Hamilton, Job & Co., places prinat $194,767.58 divided at Corcipally assets as follows: Cash Yaquina, vallis, $12,645.21; cash at at Cor$2,581.97; bills receivable Yaquina, $88,624.537 at Corvallis, $5,463.87; vallis, overdrafts at $417.04; at Yaquina various $54.942.36; balance consisting of personal. property, the both real and the above assets $36,050.33 receivable and at Corvallis are and $100 overdrafts bills Of as doubtful, $25,634.00 of considered set bills down receivable at Yaquina are liabilities $224,348.17 Corvallis, $65, the same. at as The follows: Time are certificates 120.97; time certificates at at Yaquina Corvalcall certificates in open $770,00; $23,884.55; deposits $82,009.60; lis, at Corvallis, at Yaaccounts in open account banks, deposits $8,331.07; due other they $44,231.98. quina, It about will be 59 seen cents still that on cling the ought to pay dollar: The Job brothers the assets figure up to the about $260,000. is statement that It


Article from The State Rights Democrat, June 23, 1893

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Polls 2,250.00 Sheriff assessments 12,342.75 170,947.49 Am't collected and turned over $133,687.43 to Treasurer 261,00 Polls collected by assessor 1,158.02 Corrections by affidavit 29,180.90 Delinquent original roll 6,660.14 Delinquent sheriff roll 170,947.49 A WONDERFUL CLOCK. N C Engberg, an old jeweler who lives just above Water loo, has made clock which 9 feet inch in height feet8 inches wide at the base 14 inches deep. The frame work one thousand and fifty pieces of wood. all of which grew in the Willamette valley He has been working about three years at odd times on the frame. but much longer than that on the works. all of which he made himself the dial It now run wound up. but Engberg intends to add to it run a year jewelers who have seen the frame pronounce one of the finest they Mr Enberg intends to bring the clock to Lebanon in a few weeks Express A BEAR STORY Harry Porter, of Norton's Siding, on the line of the P cently set trap for a bear, and returned from a visit to it few mornings la A yelling lustily and calling the dogs. party of ten, among them the neighbor hood school mistress. Miss Addie Bristow. of this city, returned with him, and an hour was spent in training the dogs for future bear hunting. When the animal, wore out by pain and exertion, liberty, he laid down. apparently more dead than alive, and Miss Bristow, with long stick, advanced from among her friends and attemtped to arous him. She struck him severa. blows, when he suddenly jumped up and made dash for her. She fled, and the chase, which tinued for several yards, was only inter upted in time by the dogs, on whom the bear turned, when within couple of feet of Miss Bristow The inciden taught the party a lesson and the animal was speedily dispatched Corvallis Times. How Ir WAS OBTAINED Last Friday, June license was issued by the county clerk for the marriage of Frederick Close and Maud Heeley, of Harrisburg. The name of the witness as signed was Geo. Dayis. At the time the clerk was requested to ask the papers not to publish the fact of the license for couple of weeks couple were united in marriage by Justice George Howell the next day. It now transpires that the marriage against the wishes of the parents of the bride, who is under 18 years of age, and that the affidavit that she was over 18 waseworn to by Edward Close, a brother of the groom under a fictitions name. A warrant was issued for his arrest. but he had fled, and could not be found It is proposed to make example the case, which is not the first one of this nature to occur in Linn county AT CORVALLIS Benton county had $10,000 and Lincoln $4,000 in Job's bank. Two Corvallis Chinamen say they are husted. as they had their money in the bank Mr Bryson suits every body a as receiver of the bank, and will call meeting of creditors next Monday when the actual facts will be given. The Times says: Several trips to the World's fair have been declared off Among others are the Misses Housley and Whitaker the milliners, who have signified an intention to henceforth trim hate in mourning The First National bank there is solid, and business continues with it as usual. It lost nothing in either the failure of Hamilton, Job & Co or the Corvallis Carriage and Wagon Co,as neither one of them owed it cent. AN OREGON PLANT.- Wm Crow has taken pains to go clear to the snow line to for goine specimens of blood plant" curiosi send to the world' fair These ties of nature are about the size and shape of a pineapple but delicately formed and are of a deep crimson in color. The entire plant hen held to the light looks like a delicate and intricate piece of wax work. No matter how great the fair may be, this plant will excite considerable curiosity and astonishment -Grant's Pass Courier DISCHARGED Dr Barr, C W Thomp son and the Powers boys, who were bound over some time ago on charge of unlawfully killing elk. had their case investigated by the grand jury and they were discharged, no indictment being found against them They d'd not deny killing the elk, but showed that all the meat was used and not pound sold, and that the people in the neighbor hood had been out of meat for some e.-Eugene Register. AGGRAVATED If some of the grocery delivery boys of Salem get kicked out of the back doors, and clear over the back fences, one of these days, they will be more careful about rus ing into Salem back doors without knocking Some of them need just such treatment They are an aggravated nuisance. Statesman Come now, what was up anyway, Mr Editor. In Albany there is no time for knocking, and no one expects it. We have never heard any kicks. Albany men behave themselves in the kitchen The o. P -The first month of Receiver Hadley' administration showed net gain from the operation of the Oregon Pacific of $77. His report for April, filed with the clerk of the court on the 27th of May, makes a still better showing The figures are as follows: Gross receipts from river, ocean and rail di visions, $21,332.69: gross expenses, di vided as follows Rail, $10,747 53 river, $5,550.47 ceean, $4.64212: ne gain, $392.56. THE RECORD BEATEN was left for the rich soil of the Sautlam to take th to lead in big berries. Mr. R Douglas sent to the DEMOCRAT office a box of Sharpless strawberries, weighing a libera 15 ounces, and consisting of only nine berries. The box was full, in the usua way ALBANY WINS AGAIN At the exhibi tion ball game played this afternoon a an Independence between the Albany Independence teams, Albany won by score of 5 to 2. The innings were a 4 follaws: Albany Independence IK. Leabo and Frank Hunt. after quartz prospecting trip of seven weeks th the mountains between Ashland and coast at Smith river, returned home Sur day. M.H. Abbey, Frank Priest and Ge Washington, of Yaquina bay, are still con tinuing in the mountains that sectio and may Ashland Record


Article from The Progressive Farmer, June 27, 1893

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Two of the largest and reputed strongest theatrical troupes in America have gone into the hands of receivers in the past few days "Great prosperity" is no respector of persons. The Cassell Company, the great Eng lish and American publishing concern of New York and London, failed last week. The liabilities are large and the assets cannot be converted into cash at present. WASHINGTON, June 6.-Comproller Eckels to day appointed Robt. M. Ditty receiver of the Citizens' National Bank of Hillsborough, Ohio, and Elisha May, of St. Johnsbury, Vt., an examiner of national banks. FAIRFIELD, III., June 16.-The liabilities of S. Bonham, the banker. who failed yesterday, are in the neighbor hood of $125,008, with assets equal to more than that amount. Iti thought the bank will pay dollar for dollar. E. Bonham's large merchandise store is included in the assignment PORTSMOUTH, Ohio, June 31.-The Citizens' Savings Bank assigned o day to A. F. Halcomb and Frank M. Smith. A run on the bank made this step necessary. The liabilities are something over $300,000 and assets over $400,000. Great excitement has spread and runs, more or less strong, are being made on the other banks, viz: The Portsmouth National, Farmers' National and First National, and they are taking advantage of the 10 per cent. limit. The Little Kanawha Lumbering Mills are in the hands of a receiver. The failure of the Citizens' Bank will embarrass some of the manufacturers here. ASHBORO, June 21.-J. A. Wall, a merchant at Sophia, assigned to day, R. R. Ross, trustee. This is the third assignment in Randolph in fifteen years. Los ANGELES, Cal., June 21.-The Southern California National Bank and the Los Angeles National Bank here closed their doors this morning. EUGENE, Oregon, June 20 -The Lane County Bank temporarily suspended to day. It has plenty of property in sight to secure all depositors. CORVALLIS, Oregon, June 20.-The creditors of Hamilton, Job & Co., bankers, who failed a week ago, held a meet ing yesterday. The receiver made a statement showing the total assets to be $195,000. A deduction of $62,000 for doubtful overdrafts and bills receivable leaves available assets of $133,000 The liabilities are $224,000. An assignment has been made for the benefit of the creditors. TOPEKA, Kansas, June 20.-TheState Bank Commissioner yesterday ordered the State Bank of Plainville closed. The capital stock is $50,000, but the amount of liabilities is not obtainable. The officers of the bank say that depositors will be paid in full. PITTSBURG, Pa., June 19.-The Oil Well Supply Company, with assets of $2,500,000 and liabilities of $1,000,000, was totally unable to meet its indebted ness to day, and to prevent forced sales and a waste of property had to seek of the courts. John Eaton, of company, was appresident the aid the pointed receiver by Judge A. Cheson, of the United States Circuit Court. BOSTON, Mass., June 16.-Winkley, Dresser & Co., the Milk street stationers, made an assignment to-day to Francis Doane, a well-known stationer. The liabilities are $150,000 and the assets somewhere in the same neighborhood. PHILADELPHIA, Pa., June 16.-The Reading Rolling Mill Company yesterday made an assignment for the benefit of creditors to Joseph R. Cofrode and Lllis Ames Ballard. BUFFALO, N. Y. June10 6.-The Genesee Oil Works, limited, have made a general assignment. The liabilities of the company are about $300,000. The cause of the assignment was the inability to meet several large notes when they became due or to have them extended. THE EATON, COLE AND BURN-


Article from The State Rights Democrat, September 22, 1893

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FRIDAY. Rev J L Hershner, of East Portland, was n the city today. Dr TC Mackey, of Aibany, was called to this place Thursday to attend George Sowers.-Santiam Lumberman. H A Brown. runner for the Ross House left today for Eugene where he will enter the state university which opens next week. Miss Mattie Parton who has been at Albany and Newport for several months left for her homeat Waitsburg, Wash thisnoon. D F Dean, editor of the Coquille Herald is in the city, called here by the serious illness of his brother, editor of the Populist, Pat Farrell, and son Charley, and Jerry Ream are hunting bear and deer somewhere in the mountairs up the Santiam. ent Rassell, Halsey this noon on account of the serions illness of her mother, Mrs J A Smith. Sam the cook. a celestial who has resided at Lehanon foo several years; who went to China last fall returned to this county yesterday. He was married while gone. Mrs F M Garrett. who has returned from a trip to her farm at Peoria, has left at the DEMOCRAT office some fine peaches. and prunes which she brought home with her. Ed Kellenberger returned to Lebanon this week from his visit to his old home in Switzerland. Ed is looking well and hearty, His many friends are glad to welcome him back.-Advance. Nick Springer and W E Baker have returned from the mountains with a record of 7 deer. The Man about Town had two or three bites of jerk venison that will testifiy to the quality of the animals they killed. Misses Emma Brenner and Theresa Baumgart gave their uncle. ex-councilman Julius Gradwohl a surprise party yesterday It was a delightful affair and was greatly appreciated by those completely surprised as well as by all concerned in the happy event. W T Branch of "Portland, the gentleman selected to expert the books of the suspended bank of Hamilton, Job & Co. arrived in the city today and has already begun on Lie work. Mr Branch was chosen on recommendation of Henry Failing, Esq. president of the First National bank of Portland.Corvallis News.


Article from Lincoln County Leader, October 19, 1893

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Number 33 Assignee's Report. / Assignee Bryson has just completed his report of the court of the claims presented during the ninety days allowed by law, against the estate of Hamilton, Job & Co., insolvent debtors, The report is volumious, occupying about one hundred pages, and is a complete showing of each claim that demands satisfaction out of the assets, together with an explanation of its character, and a description of its offset, if there be any. The total number of claims is 459 and their aggregate amount is $223,412.25. These figures include $5,605.03 unlisted claims that did not appear on the books when the bank closed. They are largely open accounts against the firm, and were not included in the $224,348.17 liabilities reported by the receiver at the creditor's meeting. The decrease in liabilities, notwithstanding the appearance of the $5,605.03 unlisted claims, is owing to the failure of presentation of claims amounting to $6,540.85, by which amount the creditors are gainer. The total amount of offsets is $17,487.28. The report confirms the view taken of the bank affairs by Mr Bryson in his report as receiver to the creditors and indicates that the assets will ultimately pay out about the per cent. named in that report, which was 59 per cent.-Corvallis Times.


Article from The Seattle Post-Intelligencer, November 18, 1893

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Oregon Bankers Escape Indictment. CORVALLIS, Or., Nov. 17.-[Special.]The grand jury has not returned s true bill in the case of the state of Oregon against Zephin Job and B. R. Job, who were bound over on & charge of lareeny of public funds. At the time of the failure of the banking house of Hamilton Job & Co., County Treasurer Burnett had on deposit about $11,000. The charge was preferred by Caleb Davis, one of Burnett's bondsmen, under section 1,772 of the Oregon code. Could a conviction of the Job brothers have been had it is possible that the bondsmen might have sought to be exonerated on that account. The grand jury reported their findings to the court and asked for instructions, The findings were to the effect that, among other things, Burnett had made a demand after the firm had assigned. The instructions were that under such circumstances the Jobs were not guilty of any crime under the statute. The supreme court of Oregon has never passed upon this section of the code. There are numerous decisions bearing upon the relation of banker and depositor to the effect that the transaction constitutes a loan and the parties thereto assume the relationship of debtor and creditor. If this construction were applied to section 1,772, Burnett and not the Jobs would be guilty. There appears to be no decision holding that when money is deposited by one in his official capacity, such money becomes & special deposit, and should be 80 kept.