John W. Shute
| John Wright Shute | |
|---|---|
Shute in 1903
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| Born | February 17, 1840 Montgomery County, New York |
| Died | March 19, 1922 (aged 82) Hillsboro, Oregon |
| Resting place |
Hillsboro Pioneer Cemetery 45°31′12″N 123°00′27″W / 45.520012°N 123.00743°WCoordinates: 45°31′12″N 123°00′27″W / 45.520012°N 123.00743°W |
| Occupation | Banker |
| Spouse(s) | Elizabeth Constable Mary E. Smith |
John Wright Shute (February 17, 1840 – March 19, 1922) was an American banker in the state of Oregon. He was the founder of the first bank in Washington County, Oregon, and both Shute Park and Shute Road in Hillsboro, Oregon, are his namesakes.
John Shute was born in Montgomery County, New York, to Lewis P. Shute and the former Eliza Jane Wright on February 17, 1840. Of Dutch heritage, he grew up on the family farm and received a limited education in the family of eight children. In 1857, Shute moved to Kankakee, Illinois, and then later that year began the journey to the Oregon Territory.
In January 1858, he arrived in Oregon after traveling by ship from New York City to the Isthmus of Panama and then by steamer to San Francisco and Portland. After arriving he worked on a farm in Washington County and in Eastern Oregon in the Walla Walla Valley. Shute then moved to Multnomah County where he ran a warehouse and mercantile with several partners. After a year he sold his stake in the business and purchased an 80-acre (320,000 m2) farm near Hillsboro, the county seat of Washington County. Shute married Elizabeth Constable in November 1867 in Washington County, and the couple had three children. From 1889 to 1890 he served on the Hillsboro city council.
Over time he increased the size of his farm to 800 acres (3.2 km2) and in 1888 founded the First National Bank in Hillsboro. Starting with $50,000, he operated the bank as president until 1897 when he closed it. This bank was the first in Washington County. In 1893, the bank survived the Panic of 1893 and a run on the bank. After closing First National, he opened a private bank and was a major land holder in Hillsboro and the surrounding area.
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