Simon Oppenheimer, a Spokane businessman, established and bonded the property of the old Spokane Mill Company and traveled to The Netherlands, where he sold the bonds to the Amsterdamsch Trustee’s Kantoor for $300,000. He returned to Spokane with the grand plan to rejuvenate the industries of the city, which were still in the doldrums after the Panic of 1893. Oppenheimer invested the $300,000 unwisely on various speculative schemes, and in 1896 the company went into receivership. Oppenheimer departed the country and went to South America.
From the guide to the Northwestern Milling and Power Company Records, 1894-1896, (Eastern Washington State Historical Society/Northwest Museum of Arts & Culture Joel E. Ferris Research Library and Archives)
