Aberdeen Bank (Aberdeen, WA)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
December 5, 1894
Location
Aberdeen, Washington (46.975, -123.816)
Bank Type
trust

Metadata

Notes

President arrested on perjury charges related to bank property; receivers appointed and bank remained in receivership.

Events (4)

1. December 5, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in hands of assignees/receivers indicating insolvency or managerial failure
Newspaper Excerpt
The Aberdeen Bank Failure. ABERDEEN, Dec. 5.-[Special.]-Assignees France and Eiston are still in charge of the closed Aberdeen bank
Source
newspapers
2. December 6, 1894 Receivership
Newspaper Excerpt
James P. Carson ... 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.
Source
newspapers
3. December 30, 1894 Other
Newspaper Excerpt
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.
Source
newspapers
4. August 14, 1900 Other
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 (19)

Article from The Seattle Post-Intelligencer, December 6, 1894

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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.


Article from The Seattle Post-Intelligencer, December 7, 1894

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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.


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.


Article from The Herald, December 31, 1894

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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.


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.


Article from The Morning Call, December 31, 1894

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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.


Article from St. Paul Daily Globe, January 1, 1895

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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.


Article from The Madison Daily Leader, January 2, 1895

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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.


Article from Bismarck Weekly Tribune, January 4, 1895

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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.


Article from The Washington Bee, January 5, 1895

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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.


Article from The Washington Bee, January 12, 1895

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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.


Article from Aberdeen Herald, February 28, 1895

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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.


Article from Aberdeen Herald, February 13, 1896

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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.


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,


Article from Aberdeen Herald, June 4, 1896

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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.


Article from Aberdeen Herald, June 11, 1896

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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.


Article from The Seattle Post-Intelligencer, August 15, 1900

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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.


Article from Aberdeen Herald, August 18, 1904

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NEW CASES

State vs Chas Larson et al. Trespass. Wheeler Bros vs Chas Matteus. Fore-closure mortgage.

Edna P Price vs Ross A Price. Divorce. E L Koehler vs City of Aberdeen. In-junction from purchase of real estate. M R Sherwood vs The Aberdeen Bank. Temporary restraining order and ap-pointment of receiver.

Henry Richards vs Western Lumber Co. Damages. D J Manning vs T Wygant. Fore-closure tax lien.


Article from Aberdeen Herald, November 29, 1906

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MAYOR OF ABERDEEN

VOTERS WILL DECIDE WHO HE SHALL BE DECEMBER 4.

Candidates Prance and Chamberlain Sketched for the Information of the Voters. Two Good men, but France is Better Equipped for the Oftice.

EUGENE FRANCE The Citizens' nominee for mayor of Aberdeen has been a resident of this city for the past twenty years, coming to Aberdeen in 1886 with Capt. J. M. Weatherwax, with whose advent dates the real birth of Aberdeen. Mr. France was in the confidential employ of Mr. Weatherwax after their arrival here, and for some time managed a logging camp at Porter, for the Weatherwax Lumber Company.

Arriving in this country when timber had no recognized value, Mr. France at once realized that the facilities for manufacturing lumber on Grays Harbor were bound to make standing timber valuable, and for many years he devoted his energies to bringing needed capital from the East to invest in the then almost worthless timber lands, and it is safe to say that no man in Chehalis county was more successful in that direction. The wide acquaintance of Mr. France in Michigan, and the high esteem in which he was there regarded, rendered his undertaking comparatively easy.

From his arrival in Aberdeen, Mr. France was convinced that this was the site of a future large city, and in the dull times of the '90's his faith never wavered. To his untiring efforts, the building of the railroad into the north side of the city is largely due, and no measure to promote the progress of Aberdeen has ever failed to receive substantial aid from him.

As receiver of the Aberdeen bank, Mr. France-as in all other positions of responsibility and trust-showed tact and capacity that saved the depositors of the institution many dollars. As mayor of Aberdeen, Eugene France will bring to the service of the city, the ripe experience of a man of affairs; a thorough knowledge of the needs, resources and possibilities of Aberdeen; an unimpeachable integrity, and an earnest desire to advance the best interests of his home city.

His early foresight, hard work and frugality have placed him in a position of comparative wealth, leaving him absolutely free from any suspicion of seeking the office for selfish purposes. His well known ability to judge men confirms the belief of his friends that his appointments will be judicious ones, and that they will be made with no object but securing the best possible service for the city, is as certain as that he will be elected by the largest majority ever given a mayor in Aberdeen.

DR. G. E. CHAMBERLAIN The nominee on the republican ticket has been a resident of Aberdeen less than two years. He bears the reputation of being an able physician and an educated, energetic citizen, which is borne out by the fact that he has already built up a lucrative practice here. He is a man of family and owns his home in the city, and, under some circumstances, it might be a pleasure to support the doctor for this office. But, when his knowledge of the needs, possibilities and requirements of Aberdeen is contrasted with that of Mr. France, the voter in his own and the city's interest, is compelled to decide in favor of the latter.

The doctor is also handicapped by the tough element that is rallying so strenuously to his support, an element that has no interest in the city except to obtain special privileges to violate the laws. As is the case with several other candidates on this ticket, Dr. Chamberlain suffers from being in bad company, and it is generally believed by his friends that he, an ardent republican, was inveigled into accepting this nomination without a full knowledge of existing conditions.