First Bank (Skagway, AK)

Episode Information

Episode UID
8907741891240
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
890774189 hash
Start Date
April 8, 1903
Location
Skagway, Alaska (59.458, -135.314)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aa7284b26b8f4340

Response Measures

None

Description

Articles identify a receiver and dividend payments, indicating the bank was closed and in receivership.

Events (2)

1. April 8, 1903 Suspension
Cause Details
Bank placed in receivership (reason not specified in articles)
Newspaper Excerpt
John G. Price, receiver First National Bank of Skagwav
Source
newspapers
2. December 12, 1903 Receivership
Newspaper Excerpt
John G. Price, receiver of the First Bank of Skagway, is now paying the creditors of that institution the second dividend.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Morning Alaskan, April 8, 1903

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Article Text

THE COURT Mission vs. Marquam Land Case Grinding. The grand jury returned indictments against Francis M. Rumbuugh and Myrtle Berrv. vesterdiv merning. They were arraigned and will plead this morning. The case of Christopher Spence vs. John G. Price, receiver, was dismissed. John G. Price. receiver First National Bank of Skagwav, vs. H. A Bower. continued. Most of the afternoon, until after 3 o'clock, when court adjourned, was c 0" sumed in an argument upon a demurrer in the case of the Home Mission Society of the Presbyterian church, a corporation, vs. Thomas A. Marquam. This case is the outcome of previous litigation and is for the purpose of dispossessing Marquam of land which he is occupying; and is part of a tract claimed DV the Mission Society.


Article from The Daily Morning Alaskan, December 12, 1903

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Article Text

PAYS AGAIN editors of First Bank of Sk gway G. t Money John G. Price, receiver of the First Bank of Skagway, is now paying the creditors of that institution the second dividend. The second dividend is a little less than one-half that of the first, which was for 20 per cent. of the amounts due. Mr. Price is now paying 10 per cent. of the remaining 80 per cent. of the claims The two dividends will make 28 per cent. of the original amounts due. Mr. Price says another dividend will be paid, but he does not know how much it will amount to as yet.