19183. Bennett National Bank (Bellingham, WA)

View Charter #4171 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4171
Charter Number
4171
Start Date
November 5, 1895
Location
Bellingham, Washington (48.760, -122.488)

Metadata

Model
gpt-5-mini
Short Digest
637238bfb22c4378

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health, Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
82.3%
Date receivership started
1896-09-19
Date receivership terminated
1902-02-24
OCC cause of failure
Losses
Share of assets assessed as good
18.5%
Share of assets assessed as doubtful
64.4%
Share of assets assessed as worthless
17.1%

Description

Articles describe an initial run on Bennett National Bank precipitated by the suspension of the Bellingham Bay National (and general Tacoma bank troubles), causing the Bennett to suspend on 1895-11-05 and place in charge of an examiner; the bank was reopened 1895-12-19. Later (1896-09-15) the bank again suspended and by 1896-11-07 a receiver was appointed. Because the corpus of articles clearly documents the first sequence (run → suspension → reopening) and the reopening is confirmed, I classify the primary episode as run_suspension_reopening. I also list subsequent suspension and receivership events in the events array. Note: many articles use the contemporary place name New Whatcom for Bellingham; I corrected that in the city field.

Events (7)
1. December 4, 1889 Chartered
Source
historical_nic
2. November 5, 1895 Run
Cause
Local Banks
Cause Details
News of the suspension of the nearby Bellingham Bay National (and broader 'Tacoma troubles') triggered depositor withdrawals at Bennett National.
Measures
Directors met and adopted a resolution not to open the next morning; president wired the comptroller to place the bank in hands of the examiner; temporary payments were made during the day from incoming funds.
Newspaper Excerpt
The suspension of the Bellingham Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours.
Source
newspapers
3. November 5, 1895 Suspension
Cause
Local Banks
Cause Details
Unable to meet heavy withdrawals and demands following neighboring bank's suspension and resulting depositor panic; directors voluntarily closed and asked controller to appoint an examiner/receiver.
Newspaper Excerpt
Directors held a meeting and adopted a resolution not to open this morning, and directing the president to wire the controller of the currency to place the bank in the hands of the examiner.
Source
newspapers
4. December 19, 1895 Reopening
Newspaper Excerpt
The Bennett National Bank ... was reopened for business today. It was forced to suspend November 5 ... was reopened for business today.
Source
newspapers
5. September 15, 1896 Suspension
Cause
Local Banks
Cause Details
Afresh withdrawal of deposits depleted funds beyond the bank's ability to pay; described as a suspension due to withdrawals.
Newspaper Excerpt
The Bennett National bank has posted a notice of suspension. The reason given for the failure was the withdrawal of deposits beyond the power of the bank to respond.
Source
newspapers
6. September 19, 1896 Receivership
Source
historical_nic
7. November 7, 1896 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed P. W. Strader receiver of the Bennett National bank of New Whatcom, Wash.
Source
newspapers

Newspaper Articles (21)
1. November 5, 1895 Evening Star Washington, DC
Article from Evening Star, November 5, 1895

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Two National Banks Close. NEW WHATCOM, Wash., November 5.The Bellingham Bay National Bank has closed its doors by order of the directors, being unable to meet the county treasurer's demand for the county's deposit. No statement of assets and liabilities has yet been given out. The cashier reports the liabilities approximately at $105,000, of which $77,000 is due depositors. The assets are $187,000. The suspension of the Bellingham Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. Directors held a meeting and adopted a resolution not to open this morning, and directing the president to wire the controller of the currency to place the bank in the hands of the examiner. The directors say that within thirty days sufficient assets can be realized on to settle all creditors.

2. November 5, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 5, 1895

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TWO WHATCOMBANKS Bellingham Bay and Bennett National Stop Business. FORCED BY LOSS OF DEPOSITS Bennett National Holds Chattel Mortgage on Tacoma "Ledger"-Tacoma Hotel Stock Hypothecated. Whatcom. Nov. 4-Special-The following notice was posted at the entrance of the Bellingham Bay National bank shortly after 10 o'clock this morning: "Due to recent heavy withdrawals and demands this bank is, by authority of its board of directors, hereby closed. James W. Morgan, President." President James W. Morgan said to the Post-Intelligencer reporter: "The general cause of the closing is the recent withdrawals and heavy demands of depositors, coupled with a falling off of deposits. Since the closing of the Tacoma banks there has seemed to be a gradual and steady shrinkage of business, which was probablv due in a measure to the general unrest of the people caused by the Tacoma troubles, and also is directly traceable to a long-continued and concerted action on the part of certain persons here to close the bank, from pure malice, by circulating false statements about its condition. The immediate cause was the demand of the county treasurer this morning for the county funds on deposit with us. which deposit was secured by a good and sufficient bond, as required by law. and as we were not in condition to comply with the demand on such short notice we had no recourse but to take the action stated." Cashier Charles Donovan stated this evening that the Habinties are $77,000 to depositors and $28,000 to banks, a total of $105,000, and the total assets $187,000. The officers declined to give the amount of the county's deposit, but it is said to have been less than $7,000, and it is secured not only by bond but by a mortgage for $35,000 recorded this morning. The city has a small balance there. but the treasurer was unable to say this morning just how much. but it is only a few hundred dollars. During the panic of 1893 the bank was obliged to suspend on the 29th of July, and it remained in the charge of an examiner until January 9, 1894. when it was reopened by means of extensions granted by the depositirs and money raised by the directors on their own personal security, independent of the bank's assets. Mr. Morgan especially labored very hard to get the bank open, and he has struggled manfully for nearly two years against adverse conditions to keep it open. As soon as the suspension of the Bellingham Bay National bank became known, a quiet but steady run was begun on the Bennett National, which has done the best banking business on the bay since removing here from Fairhaven in 1893. The county treasurer withdrew nearly $4,000 of county funds and the city treasurer about $1,000. and there was a steady demand from smaller depositors until shortly after 1 o'clock, when creditors were asked to await the arrival of the Great Northern train from Seattle. It was half an hour late. but brought by express several thousand dollars. with which payments were resumed and leisurely continued until the closing hour, 3 o'clock. Some of the larger depositors were in-

3. November 6, 1895 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 6, 1895

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TWO BANKS CHOSED, A Tacoma Failure Causes Trouble for New Whatcom Institutions. New WHATCOM, WASH., Nov. 5.-The Beilingham Bay National Bank has closed its doors by order of the directors, being unable to meet the county treasurer's demand for the county de. posit. The cashier reports the liabilities approximately at $103,000, of which $77,000 is due depositors. The assets are $187,000. President Morgan says the suspension is due to a steady withdrawal of deposits and a general feeling of distrust since the recent Tacoma bank troubles. The suspension of the Bellingham Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. The directors held a meeting and adopted a resolution not to open this morning, and directing the president to wire the controller of the currency to place the bank in the hands of the examiner. The directors say that within thirty days sufficient assets can be realized on to settle with all creditors.

4. November 6, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 6, 1895

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WHATCOM IS QUIET. The Depositors of One Bank Agree Upon a Receiver. GEORGE W. BOGGS STILL IN JAIL Port Angeles Bank Failure to Be Investigated - Ex-Treasurer Clump's New Trial. Whatcom, Nov. 5.-Special.-Hank Examiner Carson has been directed to take charge of the Bennett National bank, 68 well as the Bellingham Bay National. One hundred and three depositors of the latter held a meeting this afternoon, and adopted resolutions urging Comptroller Eckels to appoint a local receiver, and recommend1ng J. B. Dawson, a prominent young abstractor and attorney, who was the Democratic candidate for county clerk last year. Other candidates were E. J. Hill, O. P. Brown and I. N. Maxwell. The indorsement of Dawson after several ballots was made unanimous. Those present represented about two-thirds of the total deposits. Yesterday's bank suspensions are the chief topic of discussion on all sides. There can hardly be said to be much excitement, for the people are very quiet and are, on the whole, fully as cheerful as could reasonably be expected. During the run on the Bennett bank yesterday there was no tumult or confusion among the people who called for their money-simply a quiet determination to get It If possible. The officers, taken as they were in a large measure by surprise, were visibly nervous and anxious, and their attitude served rather to heighten the feeling of distrust than to allay It. It transpires that the directors of the Bellingham Bay National bank held a meeting Sunday and decided to post a notice of suspension Monday morning, If the county treasurer made a demand for the county money, as he had told them on Friday or Saturday that he would do. They did not, however, give the other banks any notice of this intention on their part, and the Bennett National, just across the street, knew nothing of the closing until fifteen or twenty minutes or more after the notice had been posted, and when their doors had been open for business for half an hour or more. They had on hand considerably more than the minimum reserve fund required by law, but were in no condition to stand the run which began quietly just AS soon as the news of the first suspension became public. On the 28th of September the Bennett National reported total deposits of $117,849.25. of which $55,951.66 was virtually on hand, $17,895.70 of it in cash, $37,493.46 due from banks and $062.50 due from the United States treasury. But since the recent Tacoma bank troubles began and Nelson Bennett's personal money difficulties became a matter of public record, distrust has been steadily growing, and $20,000 had been withdrawn when the bank opened yesterday. Withdrawals during the day amounted to $23,000. or $19,000 more than the deposits. The bank has been handling a good deal of shingle paper, and is said to have about $35,000 still Invested that it can realize upon in thirty to sixty days, and its present balance in the hands of various banks is reported at about $20,000. It has been doing a good business and has been generally regarded as safe. The amount now due depositors is about $80,000.

5. November 7, 1895 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 7, 1895

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ELECTRIC FLASHES. John Roberts, one of the oldest residents of Milwaukee, died Monday. He would have been 75 years of age next month. The chamber of commerce of London. Eng., has adopted a resolution calling on the government to entirely prohibit importation of live cattle. Planters have filed two sugar bounty suits in the United States court under an agreement with the Washington authorities who will aid a speedy trial and appeal to the supreme court. The religious ceremony of marriage or Count Max De Foras, son of the grand marshal of the Bulgarian court, and Maria, daughter of Gen. Meredith Read, was celebrated in Paris. The church was packed with the aristocracy. The Bellingham Bay national bank of New Whatcom, Wash., has closed unable to meet the county treasurer's demand for county deposits: liabilities $105,000; assets $187,000. The suspension is due to steady withdrawal of depoits as a result of distrust since the Tacoma bank trouble. The suspension of this bank precipitated a run on the Bennett National which continued to the close of banking hours, after which the directors decided not to open.

6. November 9, 1895 Spirit of the Age Woodstock, VT
Article from Spirit of the Age, November 9, 1895

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TWO BANKS CLOSE DOORS. Suspension of One in Washington State Causes a Run on Another. NEW WHATCOM, Wash., Nov, 7-The Bellingham Bay National Bank has closed its doors by order of the directors, being unable to meet the county treasurer's demand for the county's deposit. No statement of assets and liabilities has yet been given out. The cashier reports the liabilities approximately at $105,000, of which *77.000 is due depositors. The assets are $187,000. President Morgan says the suspension is due to a steady withdrawal of deposits and a general feeling of distrust.since the recent Tacoma Bank trouble. The suspension of the Bellingbam Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. The directors had a meeting and adopted a resolution not to open.

7. November 14, 1895 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, November 14, 1895

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-Katherine Stratton. ELECTRIC FLASHES. Captain General Martinez Campos has begun active operations in the field in Cuba. Campos's saying it will take 150,000 men three years to conquer Cuba angers the Spanish. A woman named Dechene of St. Barnabe, P. Q., has taken no food for 65 days, the only thing she can swallow being a little water or tea. Although very weak, she is still able to move about and the doctors are puzzled with the case. Planters have filed two sugar bounty suits in the United States court under an agreement with the Washington authorities who will aid a speedy trial and appeal to the supreme court. The religious ceremony of marriage of Count Max De Foras, son of the grand marshal of the Bulgarian court, and Maria, daughter of Gen. Meredith Read, was celebrated in Paris. The church was packed with the aristocracy. The Bellingham Bay national bank of New Whatcom, Wash., has closed unable to meet the county treasurer's demand for county deposits; liabilities $105,000; assets $187,000. The suspension is due to steady withdrawal of depoits as a result of distrust since the Tacoma bank trouble. The suspension of this bank precipitated a run on the Bennett National which continued to the close of banking hours, after which the directors decided not to open. The funeral of the late Francis Hinten, who committed suicide in Paris, will probably be held in Milwaukee Tuesday. The authorities' failure to interfere with the recent prize fight in Superior between Jim Murphy and Tom Martin has emboldened the managers of the variety theater there to announce another mill. Rear Admiral Robert W. Shufeldt, relieved, died in Washington yesterday morning after a protracted illness. He had a notable record, having opened Corea to the world by treaty, surveyed the Tehauntepec canal, and played an important part in the civil war.

8. November 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 14, 1895

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Whatcom Wants a Bank. Whatcom, Nov. 13.-Special.-Qulte a number of local business men are opening accounts with Seattle banks. There seems to be nothing new in regard to the suspended banks here, except that Examiner Flynn, of the Bennett National, has been appointed temporary receiver of that institution, and is said to be aiding the officers in every possible way to secure an early reopening. Meanwhile committees of business men and the Board of Trade, workIng jointly, are corresponding with the Bank of British Columbia, and San Francisco banks with a view to securing the establishment of a solid and conservative banking institution here with at least $200,000 capital. It is a fine field.

9. November 23, 1895 The Coeur D'alene Press Coeur D'alene, ID
Article from The Coeur D'alene Press, November 23, 1895

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PACIFIC NORTHWEST. Condensed Telegraphic Reports of Late Events. BRIEF SPARKS FROM THE WIRES Happenings of Interest is the Towns and Cities of Orogon, Washington and Idaho. Puyallup, Wash., has 821 school children registered. The city of Seattle was forty-four years old the 18th inst. There are sixty-six K. of P. lodges in Oregon. The first was organized June 26, 1873, in Portland. The county commissioners of Colfax county, Wash., are discussing the question of bonding the county debt and running on a cash basis. The Northern Pacific Railroad Company has commenced work on a sixstall roundhouse for the accommodstion of engines at Sprague, Wash. The rails of Port Townsend's street car line have been taken up and will be shipped to some Eastern city. There are about 200 tons of them. It cost Douglas county, Wash., $1,781.50 for four criminal cases, all of which were misdemeanors, and in one of which the culprit pleaded gulty. Governor McGraw has pardoned from the Walls Walla penitentiary Peter G. Burzman, who was sentenced from Seattle to ten years' imprisonment. It is unofficially announced that Oscar Huber, a civil engineer of Spokane, has been awarded the contracts for the surveys of the army posts and grounds at Spokane. An agreement has been reached by which I. Altman will take the entire stock of the firm of M. Cohn & Co., of Tacoma, that recently failed, and will pay off the chattel mortgages in full and pay 25 cents on the dollar to the general creditors. The semi-annual summary statement of the financial condition of Baker county. Or., shows that September 30, 1895, there were outstanding and unpaid warrants amounting to $174,079.56, and that the estimated interest thereon was $17,407.95. The Northern Pacific Railroad Company has settled with Mr. Fleet, the Douglas county stockman. for cattle killed in the wreck on the Central Washington several weeks ago. The amount of damages allowed him was something over $10,500. The United States grand jury at Walla Walls completed its work in four days notwithstanding there were a large number of cases to investigate, and was complimented by Judge Hanford from the bench for the capable and expeditions manner in which it performed its duties. George F. Hensmer, who is superintending the construction of the telephone line from Goble to Astoria, Or., says that the line will reach Astoria in about two weeks. A wagon road is being cut alongside of the line, so that when repairs are necessary they can be made with little difficulty. Receiver Philip Anderson, of the Tacoma National bank, of Tacoma, has been ordered by the controller of the currency to pay depositors a dividend of 10 per cent. Receiver Stuart Rice, of the Washington National, of the same city, has been ordered to pay 5 per cent. The city will be paid $2,200 as its share. Cashier W. G. Peters, of the Columbia National bank, of Tacoma, waived a preliminary hearing in United States Commissioner Worden's court in Tacoma, and was held for trial at the February term of the federal court. He was required to furnish a new bond in the sum of $10,000. The charge against him is making a false entry in the books of the bank. Cattlemen in Grant county, Or., are riding and collecting their herds for the winter. Hay is scarce in that county this winter, and the Long Creek Eagle predicts that many a hoof will be turned heavenward before spring. Several stockmen will take their herds to outside sections, where feed is cheaper and more plentiful. Some will drive to Morrow and some to Umatilla county. S. R. Flynn has partially made his examination of the affairs of the Bennett National bank, of New Whatoom, Wash. From such examination, and with a view to a probable reopening, he has had himself appointed temporary receiver. This step accomplishes two things. It prevents the appointment of a permanent receiver, and enables him to make collections. The work of dredging the marsh lands around Snohomish, Wash., will soon be completed. These lands were settled on early this year by a colony

10. December 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 19, 1895

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BENNETT BANK OPEN TODAY. Nelson Bennett Pays the Money R Friends Borrowed. Whatcom, Dec. 18.-Special.-The Bei nett National bank. which was forced by sudden ran to suspend on November with aggregate liabilities of $81,000, will open for business tomorrow with nearly per cent. of the liabilities to depositors hand in cash and exchange, nearly all which has been realized from collectio during the six weeks the bank has been charge of Temporary Receiver Flynn. N a dollar's worth of its securities have be hypothecated to secure funds for the opening, and no officer or director is debtor to the bank. It will have the sat officers, but some changes have been ma in the board of directors. The new boa will consist of A. McKenzie, George Gage, Charles Sissna, S. Altschuler, W. Wharton, E. S. McCord and Henry Blac wood, President McKenzie and Mr. Blad wood being the special representatives Mr. Bennett's large interest. Much credit is due Mr. Bennett for h ing paid to the bank about.$10,000 for los which had been made upon his recomm dation, but for which he was only mora responsible, though he had voluntarily cured them. This includes $5,000 borroy by the late Paul Schulze. Receiver Fly will leave tomorrow for Spokane.

11. December 19, 1895 Evening Star Washington, DC
Article from Evening Star, December 19, 1895

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The Bennett National Bank of New Whatcom, Wash., which was forced by a sudden run to suspend November 5 with aggregate liabilities of $81,000, was reopened for business today.

12. December 20, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 20, 1895

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Bank at New Whatcom Reopened. NEW WHATCOM, WASH., Dec. 19-The Bennett National Bank reopened its doors to-day. It was forced to suspend November 5, when it was found that the liabilities were only $81,000.

13. December 28, 1895 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, December 28, 1895

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DOMESTIC. The ante-mortem statement of Harry T. Hayward, hanged recently in Minneapolis for the murder of Catherine Ging, says that he took the lives of four other persons before that of Miss Ging. and that he never got into trouble until he began to gamble. The heaviest rainstorm in the history of Chicago flooded streets in the city, electric car tracks were under water, people in the suburbs were driven to the upper floors of their dwellings, and the furnace fires of hotels, residences and big manufactories were extinguished by the waters. Theodore Lambert (colored) was hanged in the jail at Camden, Pa., for the murder of William G. Kaiver on December 4. 1893. Erastus Wiman, of New York, serving a term of five years in prison on the charge made by R. G. Dun & Co. of forgery, was liberated by the court ot appeals. Arrests made by secret service officers in Kansas City, St. Louisand Paola, Ran., resulted in the seizure of $91,000 in counterfeit $10 silver certificates and the breaking up of a gang of counterfeiters. In Washington Mgr. Satolli, apostolic delegate to the United States, became Cardinal Satoili, a member of the sacred college of cardinals and a prince of the Roman Catholic church. William P. Harrison, of Chicago, arrived in San Francisco from an extended trip of the antipodes. During his stay on the Samoan islands he states that 25 individuals were devoured by the cannibals and that he narrowly escaped a like fate. While playing on the ice at Indianapolis John Horhamer, aged ten, and Otto Greenwaldt, aged seven, cousins, were drowned. American commerce celebrated the centennial of its liberty in New York by a banquet at Delmonico's. Collections of internal revenue for the five months of the current fiscal year aggregate $64,423,418, a decrease of $8,124,287 as compared with the corresponding period of 1894. A fire-damp explosion in a coal mine near Raleigh, N. C., killed 43 men. Secretary Carlisle estimates that it will cost $418,091,073.17 to run this government during the next fiscal year. The appropriations for the present year made by the last congress amount to $412,753,264.81. James B. Pace, president of the Planters' national bank at Richmond, Va., failed for $1,000,000. The police at Buffalo, N. Y., arrested a gang of six of the most notorious professional car burglars in the country. Figures on the racing season of 1895 in the United States show that $2,826,749 was earned by horses placed in the 7.362 events decided during the year. Al Stinson and William Davis, white cap leaders at Anderson, Ind., were sentenced to six years in the penitentiary. At Syracuse, N. Y., Clearwater won the pool championship of the world, defeating Keogh, of Binghamton. The principal business portion of Bethel, N. C., was destroyed by fire. A heavy rainfall was reported throughout Illinois, Iowa, Michigan, Wiscousin, Missouri and Kansas. William Supleben, 29 years old, a blind soap peddler in New York, in a jealous rage killed his only child, a girl four years old. and then shot himself dead. The Bennett national bank at New Whatcom, Wash., forced to close by a run November 5, has reopened for business. Mrs. Mary Grossman, wife of a prominent business man at Ann Arbor, Mich., drowned herself and three-year-old child in a cistern. cause was known for the act. As a result of the decline in stocks the failure of the following firms was announced on the New York stock exchange: Nichols, Frothingham & Co., Samuel S. Sands & Co., De Neufville & Co., L. A. Feldman and B. Fenfon.

14. January 5, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 5, 1896

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The Bennett National Bank of Whateom has reopened under conditions which should commend It strongly to the confidence of the people. The national bank examiner states that in all his experience he did not know of a suspended bank the affairs of which were in such good condition. There is no doubt it suffered only from a momentary scare caused by other institutions. The reorganization is completed by adding some of the strongest men in the bay cities.

15. January 6, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 6, 1896

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Benne't National Bank. Whatcom Blade. he best information the Blade From Nin, the Bennett National Bank can obta most carefully managed, as is has been the large amount of collections shown by been made since it closed. It that hav is unders stood that a very large percentis obligations are now on hand age of but the comptroller has required in cash, bank have ample funds to do that the in addition to enough cash to business lemands that the bank can be pay all on to pay at the time of opening. called up nk opens with a board of local The ba composed of business men of directors cities who are interested in the the bay 1 the whole community. welfare 1 Bank Examiner Lynch stated Nationa ting of the stockholders of the at a mee held last evening, that in all Bennett, ence he did not know of a sushis exper ank the affairs of which were pended b good condition, and gave the in such ent great credit. He predicted managem ess for the institution in future. great suc here was no reason for making He said the bank, as it was found to be a run on at shape financially. He further in excelle a heavy run would break any said that he United States if not forwarnbank in to e to call in their outstanding ed in tin 5. obligation

16. September 15, 1896 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, September 15, 1896

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New Whatcom Bank Suspends. New Whatcom, Wash., Sept. 15.-The Bennett National bank has posted a notice of suspension. The reason given for the failure was the withdrawal of deposits beyond the power of the bank to respond. The bank promises to pay all depositors in full. The liabilities aggregate $50,000; asets, $125,000, of which $90,000 is in bills receivable. This makes the second suspension of the Bennett National bank within a year.

17. September 23, 1896 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, September 23, 1896

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NEWS IN BRIEF St. Paul is without money to run schools. A great gold find has been made near Rawlins, Wyo A gambling boat was dynamited Burnside, Ky. J. W. McBride has charge of the labor bureau in connection with Democratic national committee. The W. Deweese-Wood Iron mills McKeesport, Pa., Cambria Iron Works Johnstown, Pa., Arlington Cottor Mills, Wilmington, Del., Joliet branch of the Illinois Steel Company, have resumed work, employing about 6,000 men. Colorado mine owners propose manding of the smelters that coin be paid them for the product of their mines. which gold will be in paying off employes and will thus go into circulation. Frank P. Slavin knocked out Jake Kilrain at Baltimore in one round. Near Watonga, Ok., Farmer John Rucker was robbed and murdered two unknown negroes. whom the "Anti-Horse Thief association" trailing. Peter Henshaw, aged 23. committed suicide at Nevada, Mo., by taking strychnine. after a call on a young lady to tentions. whom he had been paying The Bennett National bank of New Whatcomb, Wash., has suspended cause of the withdrawal of deposits beyond the power of the bank to spond. S. C. Ruckman of Fay, Blaine county, Ok., wasmurdered by negroes Coffin, Altemus & Co., the oldest dry failed. goods house in Philadelphia, Herman Parker. aged 4, was suffocated in a flaxseed bin in his father's barn near O'Neill, Neb. Pawnee Indians drew $65,000 nuity money, and theskin game "con" men got lots of it. T. J. Bryan, a cousin of the presidential candidate, is in jail at Little Rock for obtaining money under false pretenses. Spain has backed down and conceded civil trials to the Competitor crew, among whom is Owen Melton, the Kansan. Absconding Cashier Thompson of Sedalia is now tie and wood inspector on the Mexican Central, with headquarters in the City of Mexico. Two men and twenty-five horses lost their lives in a fire which partially destroyed Albert Manger's ery stable in Milwaukee, Wis. Cashier William G. Porter, Jr., of the failed Bank of Kansas City, Kan. is under arrest for receiving deposits when he knew the bank was insolvent. Six Indians got drunk and wounded Agent Gitlaim at Big Jim's crossing Little river in attempting to hold him up. A posse pursued the reds and killed every one of them. President Stewart of Fort Scott's police board, has withdrawn his resignation as commissioner and will leave the Methodist church instead of throwing un his job. He had been condemned by quarterly conference for allowing open saloons in Fort Scott. The New York police think they have Bill Dalton, the notorious Western desperado, who has been slain times without number, located Gotham and they are searching for him. A young man supposed to be Bill Dalton's son is under arrest for robbery, and it is believed that Dalton, pater, was his accomplice. Dress shirts are laundered in Chicago now for 3 cents, because of a rate war At Las Vegas, N. M., Jose Perea shot himself and his fiance in a fit of jealous rage. Nellie Sparks of Marshall started to school at St. Louis but eloped with Newman Newell and was married and obtained parental forgiveness instead. Charles A. Huff, who has been cutting a wide swath in Topeka society, is an ex-convict and his money being all spent he has disappeared, leaving creditors in the lurch. Leaders of the conspiracy against Spain in the Province of Cavette, Phillippine Islands, have been shot. Foreigners in Constantinople say that 5,000 Armenians were killed during the recent riots. Corbett and Fitzsimmons have agreed to a finish fight some time next Sujads Four persons killed and sixteen seriously injured is the result of a wreck on the Arcata and Mad railroad, about five miles north of Arcata, Cal. Provided satisfactory freight ar. rangements can be made with the

18. October 2, 1896 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, October 2, 1896

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Whatcom, Wash, -La Bennett National Bank, de New Whatcom, a suspendu see payements. La faillite a causé un certain émoi dans la région; mais on affirme que tous les dépôts seront remboursés intégralément.

19. November 8, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, November 8, 1896

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SEESAW IN SOUTH DAKOTA How First One and Then the Other Candidate is Ahead, Yankton, S. D., Nov. 7.-With the state complete, except Hamlin and McPherson counties and three unorganized counties on the Sioux reservation, Bryan, has a plurality in South Dakota of 45. Hamlin and McPherson will give McKinley pluralities, while the reservation counties are expected to go for Bryan. It will take the official canvass to settle South Dakota's vote. Chicago, Nov. 7.-A dispatch from Yankton, S. D., says: "The Republican state and congressional tickets are now far enough ahead of the electoral ticket. to insure their success." Washington, Nov. 7.-The comptroller of the currency has appointed P. W. Strador receiver of the Bennett National bank of New Whatcom, Wash.

20. November 8, 1896 The Herald Los Angeles, CA
Article from The Herald, November 8, 1896

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A BANK BROKEN. WASHINGTON, Nov. 7.-The comptroller of the currency has appointed H. P. Strader receiver of the Bennett National bank of New Whatcom, Wash.

21. November 12, 1896 The Worthington Advance Worthington, MN
Article from The Worthington Advance, November 12, 1896

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There were 230 business failures in the United States in the seven days ended on the 6th, against 270 the week previous and 280 in the corresponding period of 1895. After 46 years of diligent search Charles Thompson, of Lenox, N. J., has been united with his brothers and sisters, from whom he was separated when only 11 years of age. The Volunteers of America, the Ballington Booth section of the Salvation Army, were incorporated with the secretary of state at Albany, N. Y. Louis A. Brown and Harman Shepers were fatally injured in a mine in Cripple Creek, Col., by a premature explosion. Capt. Hatfield, the noted outlaw of West Virginia, who has murdered 17 men in the past 20 years and has never yet entered a courtroom, was placed in jail at Huntington. The famous steam tug and alleged Cuban filibuster Three Friends was seized at Jacksonville, Fla., on advices from the treasury department, charged with violation of the neutrality laws. William H. Treworgy, lumber dealer in Boston, failed for $300,000. Two men and a boy who were stealing a ride on an Erie freight train were instantly killed near Wellsville, N. Y. The plant of the Boston Bridge company, situated in Cambridgeport, Mass., was burned, the loss being $100,000. Inspector Gen. Breckinridge, of the army, in his annual report shows that accounts of disbursing officers aggregating over $72,000,000 have been examined during the year. The annual report of Frank H. Jones, the first assistant postmaster-general, shows that the total number of presidential offices July 1 last was 3,651. For the fiscal year ending June 30, 1898, the report asks for appropriations of about $43,000,000. The Iowa legislature will meet in ex-*ra session at Des Moines January 19 next. James Michaels rode ten miles on a bicycle at New Orleans in 19:25, breaking the American record, and made five miles in 9:12, breaking the world's record. All railway records between Chicago and the Mississippi river were broken by the Rock Island Railroad company, which ran a special train from Rock Island to Chicago, a distance of 181 miles, in 3 hours and 30 minutes. In a fierce storm the three-masted schooner Waukesha went to pieces off Muskegon, Mich., and Capt. Corbett and six sailors were drowned. P. W. Strader has been appointed receiver of the Bennett national bank of New Whatcomb, Wash. Dispatches from all sections of the land announce resumption of work on full time with full forces by industries of all kinds. Otis V. Thomas, W. B. Peters and Willis H. Connor, members of an organized gang of forgers, were arrested in New York. The dry goods establishment of Lawrie & Robson at Indianapolis was burned, the loss being about $100,000.