gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
346e0e167bcd8d0d
Response Measures
None
Description
Receivership and multi-year liquidation followed the suspension; president later arrested on perjury charges.
Events (4)
1.December 5, 1894Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in hands of assignees indicating insolvency/failure of the institution
Newspaper Excerpt
The Aberdeen Bank Failure. ABERDEEN, Dec. 5.-Assignees ... are still in charge of the closed Aberdeen bank
Source
newspapers
2.December 7, 1894Receivership
Newspaper Excerpt
James P. Carson ... was appointed this afternoon ... 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.
Source
newspapers
3.December 30, 1894Other
Newspaper Excerpt
Dr. W. P. Book, President of the suspended Aberdeen (Wash.) Bank, was arrested here to-night on a charge of perjuring himself.
Source
newspapers
4.August 14, 1900Other
Newspaper Excerpt
Defunct Aberdeen Bank will Pay in Full and Have Surplus ... The bank went into the hands of a receiver nearly six years ago, and has been in the process of liquidation ever since.
Source
newspapers
Newspaper Articles (20)
1.December 6, 1894The Seattle Post-IntelligencerSeattle, WA
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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.
2.December 7, 1894The Seattle Post-IntelligencerSeattle, WA
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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.
3.December 13, 1894Aberdeen HeraldAberdeen, WA
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Article Text
Reductions all over the house at Kaufman's. Come before the date closes. The Bank Case. The matter of the appointment of the receiver for the Aberdeen bank was heard by Judge Irwin Tuesday, upon the appeal to the supreme court. The contention is whether the court had a right to appoint a receiver, after the assignees were in possession, and before a trial was had upon the merits of the case, and if so whether this appointment would be final, and it is upon these grounds that an appeal was taken. Nearly all the lawyers in the county were engaged in the trial, or were present as spectators, and the case was ably presented on both sides. After hearing the arguments the judge allowed the appeal and accepted the bonds. Pending the appeal trial will be had on the original motion, and should the result be in favor of the assignees the receivership question will be settled.
4.December 31, 1894The Record-UnionSacramento, CA
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Article Text
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, 1894The HeraldLos Angeles, CA
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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, 1894Deseret Evening NewsSalt Lake City, UT
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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, 1894The Morning CallSan Francisco, CA
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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, 1895St. Paul Daily GlobeSaint Paul, MN
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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.
9.January 2, 1895The Madison Daily LeaderMadison, SD
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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.
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, 1895The Washington BeeWashington, DC
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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.January 12, 1895The Washington BeeWashington, DC
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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.
13.January 19, 1895The Washington BeeWashington, DC
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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.
14.February 28, 1895Aberdeen HeraldAberdeen, WA
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Article Text
The Aberdeen Bank. The affairs of the Aberdeen bank are shaping themselves so that a settlement will probably be had soon. Eugene France has been appointed joint receiver with J. P. Carson, and went up to Montesano this morning to file his bond. The business of the bank will now be settled as rapidly as possible.
15.February 13, 1896Aberdeen HeraldAberdeen, WA
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Article Text
SUPERIOR COURT PROCEEDINGS. Week ending February 8: In TO estate of Joseph Bauer, deceased. Action of administrator in compounding debt approved. Edw. Moir vs. Ellen Lyon et al.-Default of Ellen Lyon entered. Herman Chapin vs. J. R. BairstowJudgment for plaintiff. Receivers Aberdeen Bank vs. A. J. Kroenert-W. P. Book fined $25 for failing to appear as witness. Hattie C. Hull vs. W. D. Hull-Divorce granted. Washington Publishing Co. vs. I. W. Mason-Motion for new trial overruled. S. J. LeRoy et al. vs. W. D. Mack et al.-Attorney fee of $10 stricken from cost bill. V. Wattier ys. F. D. Arnold et al.-Default of J. C. Phelon and H. H. Carter entere 1.
16.May 13, 1896Elmore BulletinRocky Bar, Mountain Home, ID
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Article Text
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,
17.June 4, 1896Aberdeen HeraldAberdeen, WA
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Article Text
SUPERIOR COURT PROCEEDINGS. For week ending May 30: S. Benn vs. A. Damitio et al-Motion to vacate judgment denied. In re assignment of W. G. HopkinsElection of Frank I. Blodgett confirmed. D. W. Dineen vs. Alex Polson et alDemurrer to complaint sustained. Jas. Gleason, sr., vs. J. A. Kelley et al -Geo. D. Schofield appointed guardian at litem. Bond of F. G. Foster, administrator of estate of Annie G. Foster, approved. C. W. Wappenstein vs. Aberdeen Bank-Receivers' petition to sell real estate granted. N. G. Kaufman was appointed guardian of Hulda Kaufman. David Whittington vs. Alvaretta Whittington-Divorce granted. NEW CASES FILED. Sarah Bear vs. S. W. Bear-Divorce.
18.June 11, 1896Aberdeen HeraldAberdeen, WA
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Article Text
to carry passengers from the harbor towns on that occasion for one fare for the round trip. Mr. and Mrs. J. P. Carson will return to Montesano next week, the business of the Aberdeen Bank, of which Mr. Carson is a receiver, being nearly closed up. At the school election held yesterday the present incumbents, C. N. Byles and H. M. Sutton, were elected director and clerk respectively, without opposition.
19.August 12, 1897Aberdeen HeraldAberdeen, WA
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Article Text
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.
20.August 15, 1900The Seattle Post-IntelligencerSeattle, WA
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Article Text
DISTRIBUTION OF ASSETS. Defunct Aberdeen Bank will Pay in Full and Have Surplus, Special Dispatch to the Post-Intelligencer. ABERDEEN, Aug. 14.=In a few days the last of the assets of the defunct Aberdeen Bank will be converted Into cash and a final distribution made to the stockholders. The bank went into the hands of a receiver nearly six years ago, and has been in the process of liquidation ever since. The expense of the receivership is said to be $14,000. All indebtedness has been paid. and there will remain a dividend of about 10 per cent. to the stockholders.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
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You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
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