Washington County OR Archives Biographies.....Gray, Doy 1877 - 
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File contributed for use in USGenWeb Archives by:
Ila L. Wakley iwakley@msn.com June 12, 2009, 6:38 pm

Author: The S. J. Clarke Publishing Company

     DOY GRAY.  Among the substantial business men to whom Beaverton owes its 
development and prosperity is numbered Doy Gray, a successful financier of 
nearly thirty years of practical experience and one of the foremost bankers of 
Washington county. He was born in 1877 near Hastings, Nebraska, and his 
father, J. D. Gray, was one of the pioneers of that state. Early in the '70s 
he settled in Adams county, which at that time contained only sod houses, and 
cleared much of the land on which Hastings is now situated. About 1902 he 
established his home in Portland, Oregon, where he spent the remainder of his 
life, passing away in 1920, and his widow, Mrs. Angeline (Register) Gray, is 
still a resident of the Rose city.

     Doy Gray was educated in the public schools of Hastings and obtained his 
start in life as a telegrapher for the Burlington Railroad. For seven years he 
was in the employ of that company, being stationed in various parts of the 
country, and at length was transferred to Longmont, Colorado, where he began 
his financial career in the Farmers National Bank. Thirteen years were spent 
in that institution and his industry and ability won him promotion to the 
responsible position of assistant cashier. He then came to Oregon and after 
carefully looking over the field decided to locate in Washington county, 
acquiring control of the Bank of Beaverton. It was organized in May, 1909, by 
outside capitalists and soon afterward B. K. Denney and N. P. Oakerman became 
stockholders of the bank. G. W. Pugh, the first president, was succeeded by F. 
N. Myers and each served only a short time. About 1910 the names of John T. 
Williams and J. A. Mott, both of Portland, were added to the directorate and 
the latter became the third president of the bank. On May 22, 1913, Mr. Gray 
was elected cashier and a director, assuming control of the bank, and has 
since acted in these capacities. F. W. Livermore, county commissioner, is 
president and B. K. Denney, of Beaverton, state treasurer of the Grange, fills 
the office of vice president. The original capital of ten thousand dollars has 
been increased to twenty-five thousand dollars, the surplus and undivided 
profits amount to twenty-eight thousand dollars and the total resources are 
six hundred and fifty thousand dollars. The institution is connected with the 
Federal Reserve System and the Oregon and American Bankers Associations. When 
Mr. Gray took over the bank it had a capital of ten thousand dollars, a 
surplus of seven hundred dollars and the resources totaled seventy thousand 
dollars.  He is well versed in the intricate details of modern finance and 
under his expert guidance the bank has steadily grown in power and usefulness.
In 1902 at Longmont, Colorado, Mr. Gray married Miss Jenny Larson, by whom he 
has three children: Crete, John and Myron. All were born in Colorado and all 
three are attending the University of Oregon. Mr. Gray is a York Rite Mason 
and Shriner and is past master of Beaverton Lodge, No. 100. Both he and his 
wife are connected with the Eastern Star and have passed through the chairs in 
the chapter. He is also affiliated with the Woodmen of the World and the 
Chamber of Commerce. Mr. Gray manifests a keen interest in matters of public 
moment but has never been an office seeker, preferring to discharge the duties 
of citizenship in a private capacity. He is a shrewd, farsighted financier of 
strict honesty and high moral worth and these qualities have gained for him 
the respect and confidence of the men who have had business dealings with him.

Additional Comments:
History of the Columbia River Valley From The Dalles to the Sea, Vol. II, 
Pages 857-858

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