Aberdeen Bank (Aberdeen, WA)

Episode Information

Episode UID
8810999991139
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
881099999 hash
Start Date
November 26, 1894
Location
Aberdeen, Washington (46.975, -123.816)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b24013df48675591

Response Measures

None

Description

Receivers were appointed and the institution remained in receivership with assets liquidated.

Events (4)
1. November 26, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Accusations of embezzlement by former president and manager and lack of confidence; county attempted withdrawals were refused.
Newspaper Excerpt
It is generally understood that the bank will not open tomorrow.
Source
newspapers
2. December 5, 1894 Other
Newspaper Excerpt
The Aberdeen Bank Failure. Assignees France and Eiston are still in charge of the closed Aberdeen bank; faction working for removal and appointment of a receiver instead.
Source
newspapers
3. December 6, 1894 Receivership
Newspaper Excerpt
James P. Carson ... was appointed this afternoon ... to be receiver of the suspended Aberdeen bank.
Source
newspapers
4. March 22, 1896 Other
Newspaper Excerpt
The receivership of the Aberdeen bank has been closed up, and Receivers France and Carson discharged. ... final report the receivers reported all claims against the bank paid off.
Source
newspapers

Newspaper Articles (19)
1. November 27, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 27, 1894

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Article Text

Manager and a Stockholder Accused of Embezzlement. THE COUNTY MONEY TIED UP. Failure of an Attempt to Count Suohomish County Seat Vote. The Tacoma Water Swindle Likely to Be Thoroughly Investigated-Sulcide of a Girl at Latah-Woman Drowned at New Westminster-Wardner Strike. ABERDEEN, Nov. 26.-(Special.]-Today Charles Wappenstein, a prominent stockholder in the Aberdeen bank, filed a complaint in the superior court of this county, at Montesano, charging W. P. Book, expresident and principal stockholder in the Aberdeen bank, and G.S. Thomas, manager of the same concern, with embezziement and misappropriation of the bank's money. Mr. Wappenstein also asked that a receiver be appointed for the bank. When County Treasurer Lewis, at Montesano, heard of these proceedings, he had several thousand dollars of county funds deposited in the Aberdeen bank, and to protect them drew a check for $3,200 in favor of the Bank of Montesano, with instructions to collect at once, President Carr and Cashier Lamb, of that institution, started at once for this city car at 1 by ahead hand of the warrants, to present reaching their here check p.m. They presented the check, but dilatory tactics were pursued by Cashier Thomas, who stood them off until closing time, when payment was flatly refused, and they were told to wait until morning. At o'clock this evening Sheriff Graham arrived with the warrants and arrested Book and Thomas. It is generally understood that the bank will not open tomorrow. The Aberdeen bank is the oldest on Gray's harbor, and was organized in 1887 with a capital stock of $50,000. A. J. Kroenert is president and W. P. Book, C. F. White, A. J. Kroenert and G. S. Thomas are directors. There has been a lack of confidence in the condern for a long time, owing to rumors now shaping into facts. So this move does not occasion great surprise. The deposits are not known, but they are not heavy. It is generally considered that, if a receiver takes hold, a proper handling of the assets will satisfy all liabilities.

2. December 6, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 6, 1894

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Article Text

The Aberdeen Bank Failure. ABERDEEN, Dec. 5.-[Special.]-Assignees France and Eiston are still in charge of the closed Aberdeen bank, but a faction bitterly opposed to the late management, by whom the present assignees were named, is working for their removal and the appointment of a receiver instead. Today their application to the superior court for & receiver comes up for hearing, and the result is awaited with much interest.

3. December 7, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 7, 1894

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Article Text

Receiver of the Aberdeen Bank. ABERDEES, Dec. 6.-[Special.-James P. Carson, late cashier of the First National bank of Montesano, which institution surrendered its charter several months ago, was appointed this afternoon, by Superior Judge Irwin, to be receiver of the suspended Aberdeen bank. His bond as receiver is $25,000. The bond is being signed tonight. Receiver Carson assumes control tomorrow morning. He is an experienced banker, with a splendid reputation, and will wind up the affairs of this bank in the most approved fashion.

4. December 31, 1894 The Record-Union Sacramento, CA
Article from The Record-Union, December 31, 1894

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A Bank President Arrested. SEATTLE, Dec. 30.-Dr. W. P. Book, President of the suspended Aberdeen (Wash.) Bank, was arrested here to-night on a charge of perjuring himself. It is claimed that Book's personal property was listed to the County Assessor as the bank's property, and that the bank thus paid taxes on Book's property.

5. December 31, 1894 The Herald Los Angeles, CA
Article from The Herald, December 31, 1894

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Article Text

A Banker Arrested. SEATTLE. Wn., Dec. 30-Dr. W. P. Book, president of the suspended Aberdeen, Wn., bank, was arreated here tonight on a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

6. December 31, 1894 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 31, 1894

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Article Text

Arrested for Perjury, SEATTLE, Wash., Dec. 31.-Dr. W P. Book, president of the suspended Aberdeen, Wash., bank, has been arrested on a charge 01 perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

7. December 31, 1894 The Morning Call San Francisco, CA
Article from The Morning Call, December 31, 1894

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Article Text

Another Banker in Trouble. SEATTLE, Dec. 30.-Dr. W. P. Book, president of the suspended Aberdeen (Wash.) bank, was arrested here to-night on a charge of perjury. It is claimed that Book's personal property was listed to the County Assessor as the bank's property, and that the bank thus paid taxes on Book's property.

8. January 1, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 1, 1895

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DOMESTIC DOTS, Newsy Notes From All Portions of the Land Over Which the Stars and Stripes Wave. San Francisco, Dec. 31.-The Supreme court today denied a petition for a rehearing of the famous Murphy will case. Dover, Del., Dec. 31.-At their caucus the Republican members of the House chose McMillan, the Higgins candidate, for speaker. Seattle, Wash., Dec. 31.-Dr. W. P. Book, president of the suspended Aberdeen (Wash.) bank has been arrested on a charge of perjury. Ellsworth, Wis., Dec. 31.-The residence of Michael O'Connell, at El Paso, -Plerce county, was burned, and Mrs. O'Connell and five children perished. Columbus, O., Dec. 31.-Thomas Benton Coulter, sixth auditor of the United States treasury during ex-President Harrison's administration, is dead. Cooperstown, Dec. 31.-Miss Susan Fennimore Cooper, daughter of James Fennimore Cooper of New York state, died today of apoplexy in her 82nd year. New York, Dec. 31.-President James G. Martin, of the police board, announced today that he would within a few days send a letter of resignation to Mayor Strong. Omaha, Neb., Dec 31.-The Central Trust company, of New York, has filed application in the United States court for a separate receiver for the St. Joseph & Grand Island road. Chicago, Dec. 31.-Mrs. Emma Gillingham Bostwick, one of the best known western singers, died last night, at Morristown, N. J. She was born in Philadelphia in 1814. San Francisco, Dec. 31.-The two thousand Russians in the local colony are exiles and refugees no longer. The young czar's wedding day ukase has removed the brand that was upon them. Elgin, Tex., Dec. 31.-Cracksmen utterly demolished the vault and safe of the Elgin bank by two explosions of dynamite. The man captured gave his name as A. H. Foster. No money was secured. San Francisco, Dec. 31.-The bark Columbia is safe on top of the water. She was sighted on December 28th about ten miles off Point Arena, heading for San Francisco and coming along at a good speed. Boston, Dec. 31.-Marie Burrless, the actress, has been secretly married in New York to Guy Wilber Currier, a wealthy young man of Lawrence, and has retired forever from the stage. New Haven, Conn., Dec. 31.-The death is announced at Melrose, Mass., of General John B. Dennis, formerly captain, major and lieutenant-colonel of the Seventh Connecticut regiment in the civil war. Newport, R. I., Dec. 31.-The United States cruiser, San Francisco, arrived here this morning from the New York navy yard and anchored off the torpedo station. She will at once receive her outfit of eight Whitehead torpedoes and after trying them, will return to New York. New York, Dec. 31.-A heavily built man of 60 years, stoop-shouldered, grizzled and tanned, who styled himself as George Dougherty, of Dakota, has been taken to the hospital to be examined as to his sanity. Tacoma, Wash., Dec. 31.-A freight train on the Northern Pacific struck a repairing train at Castle Rock this morning. Fireman H. W. Jones jumped from the freight into a gulch twenty feet deep and was instantly killed.

9. January 1, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 1, 1895

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Article Text

Book's Great Scheme. SEATTLE, Wash., Dec. 31.-Dr. W.P. Book, president of the suspended Aberdeen, Wash., bank, has been arrested upon a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

10. January 2, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, January 2, 1895

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Article Text

Bank President Arrested. SEATTLE, Wash., Jan. 1.-Dr. W. P. Book, president of the suspended Aberdeen (Wash.) bank, has been arrested upon a charge of perjury. It is claimed that Book's personal property was listed to the county assessor as the bank's property, and that the bank thus paid taxes on Book's property.

11. January 5, 1895 The Washington Bee Washington, DC
Article from The Washington Bee, January 5, 1895

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Article Text

Arrested for Perjury. Seattle, Wash., Dec. 31.-Dr. W. P. Brooke, president of the suspended Aberdeen (Wash.) bank, has been arrested, charged with perjury. It is claimed that his personal property is listed with the assessor as the bank's property and that the bank paid the taxes.

12. March 7, 1895 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, March 7, 1895

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SUPERIOR COURT PROCEEDINGS. February 28 to March 5, inclusive: J. G. Lewis vs Aberdeen Bank et alDemurrer of assignees, overruled. Bank of Montesano VS J. D. McCandless et al.-Sale confirmed and deficiency judgment for $3419.45 granted. C. W. Wappenstein VS Aberdeen Bank et al.-Motion to require receiver to demur in cause No. 2442 (Lewis vs Aberdeen Bank et al.) overruled. Eugene France appointed co-receiver and his bond in the sum of $25,000 approved. State of Washington vs Daniel Downing-Judgment of dismissal signed. Aberdeen Bank vs Its Creditors-Motion to require assignees to defend in causes No. 2442 and No. 2450, overruled as to cause No. 2442 and taken under advisement as to cause No. 2450. Martin Shattuck vs S. A. Estus et al.Statement of facts, settled. A. W. Carl et al. vs West Aberdeen Land & Improvement Co. et al.-Motion for a temporary injunction denied and restraining continued in force by the plaintiffs giving a new bond in the sum of $500. Cause set for trial for March 9, 1895, at 10 :30 a. m. Northwestern Lumber Co. vs James Gillies et al.-Cause settled and judgment entered by stipulation. John A. Engen and Sivert Johnson Uglem, natives of Norway, admitted to citizenship of the United States. Dora Dreyer vs Albert Dreyer-Judgment ordered entered giving plaintiff the homestead and the daughter, and awarding the son to the father; and holding that the sale to Barbara Kaufman was a bona fide sale. Costs taxed to defendant. Katherine D. Black vs James Davis et al.-Judgment and decree of foreclosure and order of sale signed. In re. Joseph Baumeister, insanePetition of William Armstrong for the appointment of a guardian, granted, and Charles Neeson appointed; bond, $500. NEW CASES. John P. Goggin VS Anton Muller et al. --Foreclosure of mortgage. Charles S. Clarke VS John Steen et al. -Foreclosure of mortgage. R. Wingate, receiver, vs Jno. FarrellAbstract of judgment from Pierce county.

13. September 26, 1895 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, September 26, 1895

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SUPERIOR COURT PROCEEDINGS. HD Upton vs ME Carroll. Order of confirmation signed. JG Lewis vs Wakefield State Bank et al. Demurrer to complaint taken under advisement. A E Hart vs B R Pratt et ux. Order for writ of restitution signed. C E Perkins, receiver, vs Mitchell, Lewis & Staver Co. Order of default signed. C E Perkins, receiver, vs Same. Order on motion to suppress deposition signed, and cause continued until October 24. A D Devonshire vs R E Goodell. Order of default signed. C W Wappenstein vs. Aberdeen Bank et al. Petition of Wilson Bros & Co vs the Receivers witnesses, taken under advisement. In re-guardianship of Chas. Parsons. W H Bush appointed guardian without bonds. D H Mullin vs C E Sackett. Demurrer to answer overruled and 15 days given to further plead. D D Newman vs R L Boyle et al. Order overruling demurrer and default signed. John Roberts vs Julian Foster. Motion against complaint overruled. Mina B Mace vs R P Mace. Depositions ordered published and cause set for trial October 8. E Ivalls vs N P Willis et al. Motion to strike answer overruled. A D Devonshire vs Mrs R E Goodell-Judgment and decree of foreclosure signed. I Crawford vs A I Brecht, et al-Judgment and decree of foreclosure signed. NEW CASES FILED. James Smith vs P R Pratt, et al, and S W Hutchcraft-Garnishment. Amos F. Stevens vs L A Hill-Foreclosure of mortgage. Bank of Montesano vs Z T Coy-Debt. Same vs Z T Coy and A E Griffiths-Garnishment. A E Hart vs P R Pratt and Elizabeth G Pratt-Forcible entry and detainer. J Beach vs J E Calder, et al.-Debt.

14. February 6, 1896 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, February 6, 1896

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SUPERIOR COURT PROCEEDINGS. Jan. 31 to Feb. 5 inclusive: C E Perkins, receiver, VS Mitchell, Lewis & Staver Co. Dismissed with costs in favor of defendants. I W Mason VS J C Cross. Motion to quash writ of certiorari overruled and case taken under advisement. Michael E Rielly vs D W Fleet et ux. Judgment and decree of foreclosure signed. H. Levi VS I W Emery et al. Order of confirmation signed. C W Wappenstion vs Aberdeen Bank. Feb. 11th fixed for hearing second report of the receivers. Martha E Marshall vs Albert Ledford et al. Default of J M Weatherwax Lumber Co. set aside on térms. In re assignment of I W Emery et ux. Petition for confirmation of assignees set for Feb. 18th. Wm. Lilly vs R J Hamer et al. Sale confirmed. In re estate of August W Anderson, deceased. Supplemental decree of distribution signed. N W Lumber Co. ys C H Gilbreath. Judgment in the sum of $1656.61 revived. Wm. Winder vs M G Bradley. Order directing citation signed. M Hankanson, Relator vs same-Same. N W Lumber Co. vs Chehalis county et al. Order signed restraining treasurer from selling property for taxes. Same VS M V Jones. Sale confirmed. Ed Ivall vs N P Willis et al. Motion to strike from second amended answer sustained. C E Perkins vs Mitchell, Lewis & Staver Co. Plaintiff's bill of exceptions settled and allowed. In re estate of Zimri Witsman, deceased, David Reeves appointed administrator with bond at $2500. Bond approved and order appointing appraisers signed. NEW CASES FILED. John W Farquhar vsJ B Dabney et ux. Appeal from justice court. Wm. Thompson vs C W Blackwell and D P Fogarty. Debt. National Bank of Commerce, of Seattle, vs J A Loggie and Geo W Loggie. Abstract of judgment from King county. N W Lumber Co vs Chehalis county et al. Injunction. Same ys Nathan T Cory et al. Foreclosure of mortgage. Janetta M Walker VS Alex H Lackey. Damages.

15. May 13, 1896 Elmore Bulletin Rocky Bar, Mountain Home, ID
Article from Elmore Bulletin, May 13, 1896

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Washington. There is much inquiry throughout the Yakima country for beef cattle. Seattle has contracted for the feeding of city prisoners at 9_cents a meal. Many small thefts have been committed at social entertainments in Olympia recently. The eighth annual session of the state grange of the Patrons of Husbandry will convene in Vancouver June 2. At least 200 people have passed through Pomeroy, on the way to Northern Idaho this year. Many of them come from southern Idaho. The receivers of the I - Aberdeen bank, have wiped out over $30,000 of the bank's indebtedness, leaving only about $4,000 more to pay off. The contract for keeping "the county poor of Walla Walla has been awarded to L. L. Hunt, for $1,700. The poor will now be housed at Lakeside. The total receipts of the Spokane city water works for the three months of 1895 were $14,038.40, and in 1896,

16. July 16, 1896 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, July 16, 1896

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FROM QUINIAULT. J. H. Fletcher is again upon his claim. R. M. Locke, of Montesano, is here at present. Miss Hulda Olson is visiting relatives and friends at this place. Messrs. Farquhar, Carter and Collins were here Saturday night. Three locations were made near here by Ocosta men last week. A. V. Higley and son were at the Agency for a load of goods last week. Mt. Baldy is to be climbed by a party from here the latter part of the week. July 4th was a lovely day, and everyone present at the celebration had a good time. The Queets mail service has been increased to three mails a week after July 15th. Mr. Prosser and son are taking in the country, with a view of locating if suitable claim can be found. From Montesano Economist: In approving the third report of the receivers of the Aberdeen bank, Judge Irwin took occasion to compliment Receivers Carson and France on their management of that institution. The funny man of the Tacoma Ledger thinks that Bryan's wind secured him the presidential nomination. Down this way, it was the sound doctrine, wafted westward by the Bryan breeze, that caused the landslide which promises a political revolution in Chehalis county in November. From Montesano Vidette: Haying has commenced. The crop will be shorter than usual, where pastured late. Where the stock was taken off early a heavier yield than usual will be had. The board of county commissioners, accompanied by the county surveyor, made a trip Wednesday to the upper and lower Satsop bridges. The upper bridge

17. August 12, 1897 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, August 12, 1897

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Notice. In the Superior Court of the state of Washing ton, within and for Chehalis county. C. W. WAPPENSTEIN, Plaintiff, No. 2399. vs. Notice of hearing ABERDEEN BANK et al, Receiver's Fourth Defendants. Report. Notice is hereby given that the undersigned, as receivers of the said Aberdeen Bank, have filed with the clerk of the above entitled Court their fourth general report: that the said Court has set Tuesday, the 7th day of September, 1897, at the hour of 1:30 p. m., as the time, and the Court's chambers at the Court house in said county as the place, of the hearing and settling of such report by the Court: and all persons interested may, before that time, file written objections, or appear before the Court at the time above mentioned and make their objections, to the approval of such report. This notice is given under an order of the Court made and entered herein. J. P. CARSON, EUGENE FRANCE, Receivers of Aberdeen Bank. Dated August 11, 1897.

18. January 25, 1900 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, January 25, 1900

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# Miscellaneous. W H Amidon to Alice Chalmers, mtg 39½ acres in sw¼ of sw¼, & ne¼ of se¼ of se¼, sec 2-17-8, less one acre-$600. E M Wood to W H Admidon rel mtg, same. Wilson Bros & Co to Archibald McDougall, rel lien, bldg & lot 12, Aberdeen Packing Co's plat to Aberdeen-$252.82. Vance Bros to Adam Ehl, chat mtg saw mill--$200. N Grant Wheeler to James E Medcalf, mtg, w½ lot 5, blk 44, Aberdeen--$1250. H A Hayes to M R Sherwood, assnmt mtg $336.50. Same to same, same--$336.50. Elma I O O F to Sarah J & Maud B Irwin, mtg lot 4, blk 2. Elma--$1200. C M Lane to John Biberger, mtg lot 5, blk 28, Hoquiam-$100. Thomas Stevens to Carl A Butler, rel chat mtg. Charles B Roderick to C C Combes, 2 horses, wagon & Harness-$200. H A Hayes, trustee, to Anna M Finch, rel mtg und½ lots 1 & 2, sec 6 16-11 & lots 1 & 2, & ne of se¼, sec 1 16-12-$300. C A Butler to Thomas Stephens, bill sale 4 horses, cattle, sheep etc--$183. John H Taylor to John P Goggin, mtg all that part sw¼ sec 21-18 8, lying on e side Wynooche river except tract-$600. C F White to Elma lodge No 47, I O O F, rel mtg-$988.05. Drury Ford to Craft & Son bill sale ¼int in Vance & Ford mill--$300. Receivers of Aberdeen bank to H A Hayes, mtg w½ nw¼ & w½ sw¼ sec 31-19-7-$175. Alex Carefoot to Albert Mowry, timber contract on ne ne¼ & ne se¼, sec 33-19-7-$100. John P Goggin to J B Dabney, rel mtg se¼ sec 18-18-8-$60. Elizabeth Jones to Effie Keith, mtg lot 6, blk 9, 1st add So Aberdeen-$250. W W Leatham to John Hartman, timber contract, sw¼ sec 14-17-6. John P Goggin to J M Pence, rel mtg lots 7, 8, 9 & 10, sec 6, & s½ se¼ & se¼ sw¼ sec 24, all in 19-10-$1000. Same to Watson G Peebles, rel 2 mtgs, on e½ sw¼ sec 19, & e½ nw¼ sec 30, all in 20-9-$575. Port Blakely Mill Co to G H Com Co, assnmt mtg ne¼ se¼ & se¼ ne¼ sec 9 & nw¼ sw¼ & sw¼ nw¼ sec 10-18-5, also all lots 1 to 7 and 11 to 20, blk "F", lots 1 to 14, blk "G", lots 1 to 20, blk "M", lots 1 to 12, blk "N", lots 1 to 20, blk 29 of Cosmopolis Townsite Co's corrected plat of Cosmopolis-$100.

19. March 22, 1900 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, March 22, 1900

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Anyone wishing to purchase groceries will do well to call at Mitcheil's, corner G and warket streets. where can be found everything in the grocery line, of the best quality and as cheap as can be tf. bought in the city, The Olympia Brewery Co. has purchased a lot next to the old depot, upon which it will erect a building for the use of its growing business on the Harbor. The building will also be occupied by the Aberdeen Soda Works. We are pleased to announce that Mrs. Isaac Beemer, who underwent a severe surgical operation at the hospital last week, is getting along splendidly, and now has promise of better health than she has enjoyed for a number of years. $50 will buy the Chehalis county right to manufacture and sell one of the best selling and most useful household articles on the market. This is a rare chance for a live man to step into a paying business. Inquire at the HERALD office. 3t Miss Nellie Redinger is preparing to give a musical recital in the Acme opera house, due notice of which will appear later. Miss Redinger has just graduated under the best masters in San Francisco, and intends to begin the teaching of music shortly. The receivership of the Aberdeen bank has been closed up, and Receivers France and Carson discharged. In their final report the receivers reported all claims against the bank paid off, and returned to the corporation real estate valued at $1,961, and a lot of valueless notes and judgments. A quiet wedding took place at the residence of Mr. and Mrs. Alexander last Thursday evening, when George A. Stone, of Hoquiam, and Miss Clara E. Alexander, of this city, were united in marriage by Rev. Chas. McDermoth, pastor of the M. E. church. But a few immediate friends of the contracting parties were present. The young couple will reside in Hoquiam, where the groom is employed. Our spring stock of Clothing. Furnishing Goods, Shoes, Hats and Caps, and Children's Clothing, has arrived and we are proud to say that we can give you the best values for the least money ever offered on the Harbor. Come in and pay us a visit and look over our nice selection of goods, as we are bound to suit you in THE FAMOUS, quality and price. lext door to Pearson & Campbell.