Article Text
CLEARING HOUSE LIGHTENED By the Temporary Suspension of an Oakland Bank. Oakland, Nov. 12.-At the earnest solicitation of the Oakland clearing house, the California Bank, D. Edward Collins, president, failed to open this
892. California Bank (Oakland, CA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- November 12, 1907
- Location
- Oakland, California (37.804, -122.271)
Metadata
- Model
- gpt-5-mini
- Short Digest
9b95a128
Response Measures
None
Description
The bank temporarily suspended payments at the solicitation of the Oakland clearing house and failed to open on Nov 12, 1907 (no explicit run reported). It later went into receivership (receiver appointed Jan 17, 1908) after being unable to resolve affairs. Initial suspension appears linked to the 1907 financial flurry/panic; ultimate closure was due to insolvency/entangled affairs.
Events (3)
1.
November 12, 1907
Suspension
- Cause
- Macro News
- Cause Details
- Temporary suspension at the clearing house's request during the 1907 financial panic/''financial stringency''; failed to open on Nov 12, 1907.
- Newspaper Excerpt
- CLEARING HOUSE LIGHTENED By the Temporary Suspension of an Oakland Bank. Oakland, Nov. 12.-At the earnest solicitation of the Oakland clearing house, the California Bank, D. Edward Collins, president, failed to open this
- Source
- newspapers
2.
November 21, 1907
Other
- Newspaper Excerpt
- the California bank of Oakland, Cal.: ... suspended.
- Source
- newspapers
3.
January 17, 1908
Receivership
- Newspaper Excerpt
- OAKLAND, Jan. 17.-Judge Harris of the Superior Court today appointed James P. Edoff receiver for the California Bank, which suspended during the recent financial flurry. Edoff is vice-president of the Oakland Stock and Bond Exchange ... Cashier O. C. Mathis disappeared the day before the bank suspended and his whereabouts are not yet known.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
Missouri, committed suicide at the Midland hotel in Kansas City, leaving no message to explain his action. There was no evidence that the af fairs of the Bank of Albany were involved the tragedy. Charles Tracy Barney, the deposed president of the Knickerbocker Trust Company of New York, and until recently a power in the financial world, shot and killed himself. The deed was attributed to despondency over the loss of his large fortune and high business standing. Bankers and merchants in session at Sioux City, Ia., adopted a system of grain checks which it was agreed should be accepted as currency. The Merchants National bank of Portland, Ore.; the California bank of Oakland, Cal.: the Farmers and Merchants Ravens- the a "L I Sending, TO bank wood Exchange bank in a Chicago suburb suspended. The Royal Motor Car company of Cleveland, O., and the Gary wholesale grocery house of Selma, Ala., went into the hands of receivers. The Peoples bank of Portsmouth. Va., went into the hands of a receiver on petition of the directors, who gave out a statement that the bank has been made insolvent through defalcations of the cashier. Col. Garrett J. Lydecker, corps of engineers, in charge of river and harbor works at Detroit, was placed on the retired list on account of age, with the rank of brigadier general. Dora May French, poet and author, committed suicide at Carmel-by-theSea, Cal., by taking cyanide of potassium. The American Shipbuilding company decided to close down all its yards on the great lakes temporarily because of the financial stringency. The steam schooner Berkeley, in ballast, from San Pedro for San Francisco, was destroyed by fire about 15 miles off Gaviota, Cal. Capt. Higgins and the crew of 19 escaped from the burning vessel by the narrowest marshing Attorney General William H. Dixon, of Colorado, began an action under the common law in the Denver district court with a view to breaking up the so-called grocers' trust. Juliette Estelle Prescott Mathis, 68 years old, a writer of songs and verses. formerly a resident of Illinois, died Anseles. SOT u] The directors of the Jamestown exposition accepted a committee report favoring keeping the exposition open next year provided $200,000 can be raised by popular subscription. Ensign Ulmo, who was arrested at Toulon, charged with being a spy, confessed his guilt when confronted in court with the original of a telegram which he had filed at Toulon, addressed to an agent of a foreign power. Mrs. George Decker, of Toledo, O., was burned to death by an explosion of furniture polish. The peace conference of Central American delegates opened in Washington, Senor Luis Anderson, of Costa Rica, being president. The third Russian douma opened without disorder, the czar being cheered by the conservatives, who elected M. Khornyakoff president. Denver was selected as the meeting place of the national W. C. T. U. con19061 up vention The vacancy on the bench of the court of appeals of the District of Columbia, caused by the death of Judge McComas, was filled by the appointment of Josiah A. Van Orsdel, assistant attorney general in the department of justice. Through the editorial columns of The Commoner William Jennings Bryan declared he will not seek nor ask for the nomination for president, but if it is the desire of the rank and file of the party that he should have it, he would accept it cheerfully. Gov. George L. Sheldon, of Nebras ka, was notified that the executive mansion had been sold for the delinquent taxes of 1890. Merriment was caused at the trial of W. R. Hearst for criminal libel in New York when Raymond Hitchcock's former cook picked out Mr. Hearst instead of William Astor Chanler as the man whom she had seen at her employer's house with two little girls us penss! has said si 11 'edod eque order forbidding any Catholic priest to marry Miss Gladys Vanderbilt and Count Szechenyi. According to the Shipping Gazette of London, there is a strong probabil ty that the Salvation Army will soon own its own fleet of ocean steam ships. These will be used in connection with the army's scheme for pro moting Canadian immigration. Fire which is said to have started from a defective flue destroyed the main building of Monmouth college, Monmouth, III., causing a loss esti mated at nearly $40,000. Orval Dean a telephone lineman, lost his life by being buried under falling floors. A jury at Joliet, III., acquitted Rev B. F. Graff, a former Baptist minister who was accused of forgery in con
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Receivers Are Put In Charge of Two Banks (By Associated Press.) (By Associated Press.) OAKLAND, Jan. 17.-Judge HarBELLINGHAM, Wash., Jan. 17. ris of the Superior Court today apGeorge Montford was today appointpointed James P. Edoff receiver for ed temporary receiver for the Exthe California Bank, which suspendchange State Bank of Blaine, which ed during the recent financial flurry. Edoff is vice-president of the Oakclosed its doors January 15th. The land Stock and Bond Exchange, and affairs of this bank are alleged to be is a large stockholder in the Oakland in a hopeless tangle and the instituSavings Bank. He was the candidate tion is practically without funds. of the depositors' committee. Edoff Cashier O. C. Mathis disappeared the has been ordered to report to Judge day before the bank suspended and Harris every six weeks. His bonds his whereabouts are not yet known. were fixed at $300,00v.
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OLD ELKO RESIDENT DIES IN OAKLAND The following account of the death of James P. Edoff is taken from the San Francisco Bulletin, and will be of interest to the old residents of Elko. Mr. Edoff lived for many years in Elko, leaving here in the early 80's. He was head clerk in the Reinhart company store at a time when they conducted a general merchandise business, and it was Mr. Edoff's uncle who established the first bank in Elko, now the Henderson bank: OAKLAND, April 4.-James P. Edoff, president of the board of park directors, was found dead in his bed this morning in his home at 44 Sierra avenue. Heart failure was the cause of his death. He was a native of Illinois and 60 years of age, but lived in Oak land for forty years. He is survived by two daughters. Mrs. George P. Baldwin of Pittsburgh and Aileen E. Edoff, and a son, Frank J. Edoff. The funeral arrangements will be announced later. He was a director of the Oakland Bank of Savings and president of the M. J. and M. and M. Oil company consolidated. From 1908 to 1913 he was receiver of the California Bank and in 1906 was manager of the Oakland relief committee after the fire. He was a Mason and belonged to Live Oaks J.odge. He was also a member of the Athenian Club.