Portland Bank Fails With Three Million In Deposits
The Oregon Trust and Savings Bank of Portland fails after suspending operations amid inability to realize on securities. Receiver Thomas Devlin appointed by Multnomah County Circuit Court. Bank held capital of 100000 and about 3 million in deposits ten days prior. Directors blame cashier Cooper Morris for unauthorized securities deals. bankers in city held a meeting but offered no support.
MENTIONED IN THIS ARTICLE
Portland
Associated Press
On Trust & Savings Bank
Board of Diretors
Circuit Court of
Multnomah County
Thomas ©. Devlin
Oregon Trust & Savings Bank
W. H. Moon
EB. E. Lytle
E. E. Lytle
Cooper Morris
Lytle
Board of
Morris
Board of Directors
Home
Rich men's panic forces sale of automobiles in New York
The World article shows about 2000 men, many millionaires, forced to sell costly autos to weather the Wall Street slump. While the market's rebound eases some pressure, many wealthy New Yorkers remain reduced to poverty as the panic continues.
MENTIONED IN THIS ARTICLE
New York
Associated Press
The
World Today
Wall Street
Stanford Trustees Sell Estate Diamonds for Funds
The Associated Press reports the Stanford trustees have disposed of the estate diamonds to raise funds for the university. The sale completes a long anticipated transfer of assets once held by the estate.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Stanford Trustees
Lands at Stanford Sold for Cash Despite Valley Value
Experts appraised the lands at 500000 dollars, but 250000 dollars was paid in cash. The sacrifice was made to secure funds for future extensions at Stanford University, with plans having been forming for some time.
MENTIONED IN THIS ARTICLE
Stanford University
Fanatic Moors Beaten by Sultan
News from Tangler reports the defeat of Kamass tribesmen by sultan troops with at least 600 dead on the battlefield. The clash occurred near the area where Sir Harry McLean is held by rebels, and the crushing blow raises hopes for his release. Farmers near the North Fork of the Siuslaw plan a seventy foot bridge with plans by John Hunzicker.
MENTIONED IN THIS ARTICLE
Tangler
Awsg
Associated Press
Kamass
Harry McLean
Siuslaw
John Hunzicker
Labor famine tightens coal supply for Harriman lines
The labor shortage shuts Harriman railroad coal mines from expanding output. They must import coal from Australia and Illinois at high costs. Union Pacific reportedly pays up to 170 dollars monthly for Japanese miners who cannot sustain full production. The West faces growing fuel strain, with winter risk looming.
MENTIONED IN THIS ARTICLE
Omaha
Associated Presas
Harriman
Australia
Illinoia
Union Pacific
Two Normal Schools Denied Support In Oregon
Salem Oregon August 20 The Oregon State Normal Schools board of regents rescinded July action to operate Monmouth and Drain normals this year and adopted a resolution stating the schools shall not be operated without donations with no expectation of repayment by the state or legislature. Monmouth faculty discharged and a new faculty to be elected when funds are available. Drain normal has no faculty elected. Ex President Ressler says Monmouth will meet conditions and run next year. Ex President Briggs unsure of Drain supporters plan. Resolution passed unanimously.
MENTIONED IN THIS ARTICLE
Salem
Board of Regents
Oregon State _Normal Schools
Monmouth and
Drain Normals
Monmouth
Drain Normal
Ressler
Briggs
Drain
Bribery Case at Frisco Ties Officials to Immunity Pact
In San Francisco Aug 19 testimony in the Glass bribery case reveals that supervisors including Edward JOAQUIM NABUCO and others claim immunity contracts with the district attorney. Defense notes suggest prosecutors may aid witnesses while pursuing a jury-based attack on the prosecution. Nichols admits taking a 15000 bribe from T V Halsey and reports Ruef urging him to keep the money as Meeker heads toward Oyster Bay to interview the president.
MENTIONED IN THIS ARTICLE
Heney
Glass
Nichols
T. V. Halsey
Pacific States Telephone Company
Abe Ruef
Ruef
Halsey
Ezra Meeker
New York
Oyster Bay
Supreme Court Affirms Logging Case Reversal
Oregon Supreme Court issued twelve opinions, reversing five lower court judgments. In Jacob Katuni v. Alex and Fred Normand of Clatsop County, the court reversed a suit to bar using Klatskanie Creek’s north fork for floating logs. It held a stream is a public highway only if navigable in its natural state during normal freshets. artificial damming to flood and release water does not grant riparian rights or convert non navigable waterways into public highways.
MENTIONED IN THIS ARTICLE
Oregon Supreme Court
Tribunal of Justice
Jacob Katuni
Alex
Fred Normand
Clatsop County
Klatskanie Creek
Normands
Puatthoe
Mvary Simali
Banka
Mob Attacks Telegraph Office in Ash Fork Arizona News
An armed mob destroyed part of the Postal Telegraph Company office at Ash Fork Arizona early this morning. Four employees faced extreme danger though no injuries are reported. Authorities including Governor Kibbey and the federal government are asked to provide protection as plans to move a special engine to Prescott and deploy deputies to quell the riot are discussed.
MENTIONED IN THIS ARTICLE
Los Angeles
Postal Telegraph Company
Ash Fork
Avri
Ation
Ariz
Kibbey
Prescott
Yavapia County
Electrig Railway Eyes Bridge Project This Year
Eugene and Eastern Company aims to start piers for a bridge near Springfield Junction this year with bids likely from S P depot contractors. Officials returned to Portland after a brief investigation. Local builders face a busy fall as skilled labor remains scarce and construction lags.
MENTIONED IN THIS ARTICLE
Eugene & Easteri
Portland
Springfield Junction
Messages From Western Union Break Silence At Night
Western Union lines resumed after seven day silence with about fifty messages to the night operator. A major portion dated August 7 from San Francisco mention Brig. Gen. John Pershing. Some messages were three days old. Judge Wonacott Surveyor Roberts and Road Viewers Dixon and Weber returned from Bohemia via North Umpqua route. final report pending. Feasibility and cost of a proposed road discussed. Champion mine runs about fifteen stamps. others quiet. Charles Nickell of Jacksonville, recently selling out, faces a thirteen month sentence at McNeill's Island for involvement in Jackson County land fraud.
MENTIONED IN THIS ARTICLE
Western Union
San Francisco
Hal
Judge Wonacott
Roberts
Dixon and Weber
Bohemia
Umpqua
Champion
Roseburg
Charles Nickell
Jacksonville
McNeill's Island
Jackson County
Cleaning Out Grip in San Francisco
San Francisco, Aug 20. The mayor began removing four police commissioners, W. R. Hagerty A. M. Wallen P. F. Finn and Harry J. Moore, as part of a promised cleaning of municipal subdepartments. Each received a separate typewritten notice at a city hall board session.
MENTIONED IN THIS ARTICLE
San Franncisco
Taylor
W. R. Hagerty
A. M. Wallen
P. F. Finn
Harry J. Moore
Also Mentioned on This Page
Portland Bank
Kimonas
Wilugnatres R
Great University
Sultan
Progrem OF Glass
Frisco
Tsa
Edward —I
Joaquim A. Nabuco
United States
Prebsem
Supreme Court
Telegraph Office
Electrig Railway
Eugene & Eastern Company
Springfield
S. P
Western Union Wires
John
Pershing
United States Army
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