"Theory of Plates and Shells" was updated after 1940 (in 1959, I know, possibly later). I bought a new copy in 1985 or so, and still have it. I like Timoshenko's writing. He did a "History of Strength of Materials", a 2- volume Strength of Materials book, "Theory of Elasticity", "Theory of Elastic Stability" and "History of the Theory of Elasticity" among others. Some of the footnotes in "Theory of Plates and Shells" refer to his earlier papers written in Russian.
"Regarding square vs rectangular: Naturally, the corner moments are unequal with a rectangular section. So design it as though it was a square with sides equal to the long sides of the rectangular. Any reason that would not give a reasonable, yet conservative result for most common aspect ratios?"
If it's square, edges are fixed against rotation by symmetry, and maximum bending is at the edge as on a fixed-fixed beam. If edges are free to rotate, maximum stress is 50% higher and at the center (based on beam analogy). If edges are semi-fixed, it should fall somewhere in between those two cases. I think your assumption that this is a conservative design is valid, provided you realize that you don't know where the maximum stress is, and provided you use the same thickness on the short side. Note that the corner rotation on the short side means that on those sides, the plates are actually bent against the load at the ends.