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THE PANIC UP NORTH. Oldest Bank in New Whatcom Shuts Its Doors. NEW WHATCOM, Wash., June 22.-The First National Bank, the oldest in the city, closed its doors to-day at noon. Cashier Atkins states that depositors will be paid in full. No statement has yet been sent out of assets and liabilities.
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Other Bank Suspensions. WASHINGTON, NJune 23.-Controller Eckels has been officially informed of the fallure, yesterday, of the following national banks: The First National Bank of Kendallville, Ind.; the First National Bank of Santa Ana. Cal.; the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Cleary to take charge of the Whatcomb Bank, and Bank Examiner Packard to take charge of the Kendallville bank temporarily. He has appointed Robert Wingate receiver of the Merchants' National Bank of Tacoma, Wash. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank, of this city. the largest bank in Niagara county. closed its doors at noon. Its deposits amount to over $700,000. Cashier Rankin says the assets are far in excess of liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted atother banks they were refused. President Porter is confident-that the bank will resume. He does not think a receiver will be necessary. NEW WHATCOM. Wash., June 23.-The First National Bank has closed its doors. The cashier states that depositors will be paid in full.
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THE DAILY LIST. Banks and Business Houses Forced to Suspend-New York Troubles. NEW YORK, June 23.-Sheridan and Byrne, builders, are financially embarrassed. Their liabilities exceed $225,000. Abraham Steers, one of the largest lumber merchants and planing mill men in the city is temporarily embarrassed. being unable to get further accommodations. His creditors today granted an extension. His liabilities are $380,000, assets $475,000. Its Doors Still Closed. SAN FRANCISCO, June 23.-The Pacific National bank did not reopen its doors today. The deposits amount to about $1,500,000. Its loans and discounts are said to be $2,500,000. The embarrassment appears to be entirely due to the recent monetary troubles, and it is expected the depositors will lose nothing. The officers of the bank say they will resume in a short time. It may be that the closing down of the Pacific bank will result in the suspension of the People's Home Savings bank, a collateral institution, under practically the same management. Its total deposits are about $1,700,000. There is no apprehension as to runs on other banks. Cataract Bank Fails. NIAGARA FALLS, June 23.-The Cataract bank of this city the largest bank in Niagara county, closed its doors at noon. There is great excitement among the business men in consequence as over $700,000 of their money was on deposit there. Resources More Than the Liabilities. SAN FRANCISCO, Cal., June 23.-The People's Home Savings bank closed its doors this morning. It affiliated with the Pacific bank which closed its doors yesterday. The resources are said to exceed the liabilities. Depositors Forced the Suspension. MINNEAPOLIS, Minn., June 23.-The state bank of this city suspended payment this morning. Assurance is given that it will resume in a few days. The bank has a paid up capital of $75,000. Steady withdrawals by depositors were the cause of the action. A Week's Disasters. NEW YORK, June 23.-Bradstreet's reports 360 failures in the United States this week, against 159 for the week a year ago. Stood the Run for Five Days. SAN BERNARDO, Cal., June 23.-The First National Bank closed its doors today, after undergoing a run for the past five days. ) Banks Reported as Failed. WASHINGTON, June 23.-Controller Eckels has been officially informed of the failure yesterday of the following national banks: The First national bank of Kendallville, Ind.: the First national bank of Santal Ana, Cal., and the First national bank of Whatcom, Wash.
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PACIFIC COAST BANKS GO UNDER. FAILURES OF IMPORTANT INSTITUTIONS IN SAN FRANCISCO-A BANK IN WASHINGTON CLOSED. San Francisco, June 23.-At a meeting of the dlrectors of the Pacific Bank of San Francisco held last night It was decided not to open their doors this morning. In a statement Issued by their vice-prestdent, the liabilities. outside of capital stock and surplus, are placed at $1,630,000 assets, If properly handled, will reach $2,000,000. The direct cause of the suspension is notice from the Clearing House Association that the bank's paper would not be accepted hereafter. It has been known for some time that the bank was laboring under financial difficulties and the announcement of the action of the Board does not create great surprise. The Pacific Bank was organized in 1863 by R. 11. McDonald, and its present manager Is R. 11. McDonald, jr. It has a paid-up capital stock of a million dellars, a nominal reserve of about $700,000 and deposits of about a million and a half, according to a recent official report. Its loans and discounts are said to be about two and a half million. The failure seems to be altogether due to the recent monetary troubles and It is expected the depositors will lose nothing. Manager MeDonald says that the bank will resume business In a short time and that the suspension is resorted to that the bank may realize from its assets and protect Itself from a sudden run by depositors. The closing down of the Pacific Bank resulted in the suspension of the People's Home Savings Bank, a collateral institution under practically the same management. It has a guaranteed capital stock of $1,000,000, of which one-third is paid up In cash. According to a recent statement of the People's Bank It has total deposits of $1,700,000. On the door of the People's Home Savings Bank was the following notice: "Bank closed temporarily in order to protect depositors and give time to collect on securities. We have sufficient assets, more than our liabilities." The president, Columbas Warehouse, last night deeded all his property to the People's Bank that they might raise money on it to title them over the crisis, This property is far in excess of all liabilities of the bank. Failure to realize on the securities was the immediate cause of the temporary suspension. The directors of the bank have ordered the regular dividend to be paid July 1. The stock dividend will be withheld. There was a little flurry around the San Francisco Savings Union when it opened. but this soon subsided. The feeling is that all the commercial banks are on a secure footing. The presidents of many of them express themselves as glad that the crisis has arrived that they may show their strength. Ontario, Cal. June 23.-The Citizens' Bank closed its doors yesterday. The statement shows that the resources greatly exceed the liabilities. Seattle, Wash., Jane 23.-A dispatch from New Whateom, Wash., says that the First National Bank closed its doors at noon yesterday. Inability to realize on Its securities is the cause given for suspension. The bank's officials state their assets are double their liabilities, and that depositors will be paid in full. The bank examiner will be here In a few days. Depositors feel confident that they will receive 100 cents on the dollar. There Is no excitement, and the suspension did not precipitate runs on the other banks.
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Other Bank Failures, MINNEAPOLIS, June 23.-The State Bank of this city suspended payment this morning. the assurance being given to depositors that it would resume in a few days. The bank has a paid-up capital of $75,000. Steady withdrawals by depositors were the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, June 23.-A special from New Whatcom. Wash.. says the First National Bank closed its doors at noon yesterday. Inability to realize on its securities is the cause given for suspension. The bank's officials state that their assets are double their liabilities. and that depositors will be paid in full. GREENVILLE. Mich., June 23.-The failure of the City National Bank. which suspended payment yesterday, was due to a steady run on the bank. which has continued since June 1. The examination up to this time shows deposits of $210,000 and assets of $312,000. It is not known yet whether the bank will be able to resume or will be compelled to go into a receiver's hands. The bank was examined on Sept. 28. 1892. and reported in good condition. INDIANAPOLIS, June 23.-The First National Bank of Kendallville suspended payment today.
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MORE FAILURES. Three Western Banks Closed Their Doors Yesterday. SAN FRANCISCO, Cal., June 23.-The board of directors of the Pacific Bank decided not to reopen the doors this morning. The direct cause of the suspension was a notice from the Clearinghouse Association that the bank's paper would not be accepted hereafter. It has been known for some time that the bank was laboring under financial difficulties and the announcement of the action of the board does not create great surprise. It has a paid up capital stock of $1,000,000 and a nominal reserve of about $700,000, with deposits of about $1,500, 000, according to the recent official report. Its loans and discounts are said to be about $2,500,000. The failure seems to be altogether due to the recent monetary troubles. It is expected that the depositors will lose nothing. The suspension of the Pacific Bank resulted in the closing down this morning of the People's Home Savings Bank, a collateral institution under practically the same management as the Pacific Bank. The People's Bank was guaranteed a capital stock of $1,000,000, of which one-third is paid in cash. According to a recent statement of the People's Bank it has total deposits of $1,700,000. MINNEAPOLIS, Minn., June 23.-The State Bank, of this city, suspended payment this morning, assurance being given to depositors that it would resume in a few days. The bank has a paid up capital of $75,000. The steady withdrawals by depositors was the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, Wash., June 23. -The First National Bank, of New Whaleom, Wash., closed its doors yesterday. NORFOLK, Va., June 23.-Isaac Legum, a dealer in clothing and shoes, of this city, made an assignment to-day. His liabilities amount to $11,000. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank of this city, the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excess of the liabilities. Hon. Peter A. Porler is president of the bank and the Porter family are the largest stockholders Other wealthy people are also interested in the institution.
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CAUGHT IN THE FLURRY. Three Banks Fail at New What. com, Wash.-Other Failures. NEW WHATCOM, Wash., June 23.The First National bank closed its doors yesterday. Inability to realize on its securities is the cause given for sus pension. The bank officials state that the ir assets are double their liabilitiesand that depositors will be paid in full. The Columbia also closed its doors today. NIAGARA FALLS, N. Y., June 23.The Cataract bank. of this city. the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected, and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excess of the liabilities. CHICAGO, June 23-Friedman & Friedman, wholesale clothing dealers, confessed judgment today for sums aggregating $67,300. The total liabilities of the concern are about $92,000. The assets are about the same. The failure is attributed to the stringency of the money market. WASHINGTON. June 23.-Comptroller Eckels today appointed Robert Wingate receiver of the Merchants' National bank of Tacoma, Wash. CINCINNATI, June 23.-W. Coflin & Son. owners of the Cincinnati Dry Dock company. assigned today to V. D. Collins and H. D. Peck. Assets and liabilities estimated at $50,000 each. The failure was hastened by the assignment of the Crane Lumber company, for which this firm had indorsed. KEARNEY, Neb., June 23. - The Kearney Paper Mill company assignéd this morning.
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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.
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IT is settled that the army court of inquiry, appointed to ascertain Col. Ainsworth's official responsibility for the accident at Ford's theater, will not assemble until the grand jury shall have concluded its investigation of that affair. IT is said that the Herschell commission intends to close the Indian mints but only conditionally on the repeal of the Sherman act by the United States. THE Cataract bank, of Niagara Falls, N. Y., has suspended. Deposits amount ed to $700,000. JUDGE HANFORD, of the United States circuit court, has decided that the anticigarette law of the state of Washington is unconstitutional. MEMBERS of the Minneapolis, Minn., fire department are accused of wholesale purloining at fires. THE Camperdown and Victoria, two British ironclads, came into collision off the isle of Cyprus in the MediterThe ranean during the maneuvers. result was that the Victoria was sunk with about 400 officers and men. Among the lost was Vice-Adm. Tryon. A LONE robber boarded a Rock Island express near Virginia, Neb. He bound and gagged the messenger and secured $350. SECRETARY LAMONT has dissolved the military court of inquiry into the Ford theater disaster and will leave investigation to the civil authorities. CLEARING house returns for the week ended June 22 showed an average decrease of 6.6 compared with the correspoding week of last year. In New York the decrease was 4.0. ONE man was killed and two badly burned by a fire at Murray & Nichols Spice Co.'s plant, West Polk street, Chicago. THE Columbia and the First National banks, of New Whatcom, Wash., have closed their doors. SECRETARY MORTON has decided to abolish the experiment farm, which was established by ex-Secretary Rusk at Garden City, Kan. THE coast defense ship Monterey has been finally accepted, and the navy department will assume control of her immediately, paying over to the contractors all of the fund that has been held up as a guarantee of the completion of the vessel. THE Reading reorganization plan has failed. THE Great Northern has issued a new mileage book, good to Pacific coast points, at 21/2 cents a mile. THE Kansas railroad commissioners are going to compel a wholesale reform in freight charges on the part of the roads in that state. THE drought in Europe is causing widespread distress. DISBARMENT proceedings have formally begun against ex-Patent Commissioner Simonds. EIGHTY-SEVEN special pension examiners were reappointed by the secretary of the interior. CHARLES T. PECK, ex-labor commissioner of New York, and indicted for burning state documents, failed to appear for trial at Albany. He was reported to have fled to Europe. FRIEDMAN & FRIEDMAN, wholesale clothing dealers in Chicago, failed. Liabilities, $92,000; assets about the same. DR. R. P. GORDON, of Hebron, Ky., who was jolted out of a cable car in Chicago, while asleep, died of his injuries. LEROY PAYNE'S big livery stable at Chicago went into the hands of a receiver. The place was foreclosed upon by the Exchange national bank with a $35,000 mortgage. NEW YORK bankers all agree that the financial situation is rapidly improving and that the outlook now is all right. FOREST fires are raging in Colorado with unprecedented fury and have already destroyed a great deal of valuable property. STARR & CUNNINGHAM, Cherokee commissioners to sell their bonds, were in Chicago waiting for the arrival of a New York bidder. THE directors of the world's fair have completed the arrangements for having religious services at the fair every Sunday. AT the world's fair congress of bankers, a number of speeches were made on the silver question by the advocates and opponents of free silver.
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BANKS SHORT OF CASH The Siringency on the Pacific Coast Be ing Felt With Full Force. SAN FRANCISCO, Cal., June 26.-The People's Home Savings Bank failed to open its doors yerterday morning. On the door was the following notice: Bank closed temporarily in order to protect depositors and give them time to collect on securities We have sufficient assests. more than our liabilities." Columbus Waterhouse deeded all his property to the People's Home Bank. that they might raise money on it to tide them over the crisis This property is far in excess of all liabilities of the bank. Failure to realize on securities immediately is the cause of the suspension. The directors of the bank have ordered the regular dividend to be paid July 1. The stock dividend will be withheld. SAN BARNARDINO. Cal.. June 24. The First National Bank closed its doors yesterday morning. This notice was posted on the door: "Owing to the stringency of the money market and the unusual withdrawal of deposits during the last five days this bank is forced to close its doors temporarily.' SEATTLE. Wash.. June -The Columbia National Bank of New Whatcom suspended yesterday. NIAGARA FALLS, V. Y., June :4.The Cataract Bank of this city, the largest bank in Niagara county, closed itsdoors yesterday. There is great excitement among business men in consequence. as over $800,000 of their money was on deposit The suspension was totally unexpected and was not preceded by a run on the bank. The bank officers confidently expected to receive help from out of town vister day morning, but the money dil not come. Cashier Rankin says that the assets will be far in excess of the liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted at other banks they were refused. President Porter IS confident the bank will resume and he does not think a receiver will be necessary. WASHINGTON. June ":4.-Comptroller Fekels has been officially informed of the failure of the following national banks: The First National Bank " Kendallville, ind., the First National Bank of Santa Ana. Cal.. the First National Bank of Whateom. Wash He has ordered Bank Examiner Cleary to take charge of the Whateom bank and Bank Examiner Packard to take charge of the Kendallville bank temporarily. CINCINNATI, Ohio. June :4.-Samuel W. Coflin & Son. owners of th Cincin nati Dry Docks Company, assigned yesterday to Val P. Collins and H. D. Peck. Assets and liabilities are esti mated at $50,000 each.
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MISCELLANEOUS. Six masked robbers attempted to hold up a Santa Fe train at Coolidge, but the engineer was too quick for them. SOCIALISTS have been rioting at Andrycho, a town in Austrian Galicia. Some of them were killed by the troops. SUPERIOR JUDGE GRANT has decided in favor of Sacramento and against San Jose in the California state capital removal case. SWITCHMAN McGEARY has been held by a Gravesend justice for the killing of the nine people by the wrecking of the Sheepshead Bay race train. A FIFTEEN million dollar ocean steamship combination has been formed at Jersey City. THE commission to revise the statutes of Illinois met at Springfield and organized. IT is settled that the army court of inquiry, appointed to ascertain Col. Ainsworth's official responsibility for the accident at Ford's theater, will not assemble until the grand jury shall have concluded its investigation of that affair. IT is said that the Herschell commission intends to close the Indian mints but only conditionally on the repeal of the Sherman act by the United States. THE Cataract bank, of Niagara Falls, N. Y., has suspended. Deposits amounted to $700,000. A LONE robber boarded a Rock Island express near Virginia, Neb. He bound and gagged the messenger and secured $350. JUDGE HANFORD, of the United States circuit court, has decided that the anticigarette law of the state of Washington is unconstitutional. MEMBERS of the Minneapolis, Minn., fire department are accused of wholesale purloining at fires. FOUR students were drowned at Joliet, Que., by the upsetting of a boat. THE Camperdown and Victoria, two British ironclads, came into collision off the isle of Cyprus in the Mediterranean during the maneuvers. The result was that the Victoria was sunk with about 400 officers and men. Among the lost was Vice-Adm. Tryon. SECRETARY LAMONT has dissolved the military court of inquiry into the Ford theater disaster and will leave investigation to the civil authorities. CLEARING house returns for the week ended June 22 showed an average decrease of 6.6 compared with the correspoding week of last year. In New York the decrease was 4.0. ONE man was killed and two badly burned by a fire at Murray & Nichols Spice Co.'s plant, West Polk street, Chicago. THE Columbia and the First National banks, of New Whatcom, Wash., have closed their doors. SECRETARY MORTON has decided to abolish the experiment farm, which was established by ex-Secretary Rusk at Garden City, Kan. THE coast defense ship Monterey has been finally accepted, and the navy department will assume control of her immediately. paying over to the contractors all of the fund that has been held up as a guarantee of the completion of the vessel.
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THE WEST. ONE man was killed and two badly burned by a fire at Murray & Nichols Spice Co.'s plant, West Polk street, Chicago. THE Columbia and the First National banks, of New Whatcom, Wash., have closed their doors. FRIEDMAN & FRIEDMAN, wholesale clothing dealers in Chicago, failed. Liabilities, $92,000; assets about the same. LEROY PAYNE'S big livery stable at Chicago went into the hands of a receiver. The place was foreclosed upon by the Exchange national bank with a $35,000 mortgage. FOREST fires are raging in Colorado with unprecedented fury and have already destroyed a great deal of valuable property. STARR & CUNNINGHAM, Cherokee commissioners to sell their bonds, were in Chicago waiting for the arrival of a New York bidder. Thedirectors of the world's fair have completed the arrangements for having religious services at the fair every Sunday. AT the world's fair congress of bankers, a number of speeches were made on the silver question by the advocates and opponents of free silver. THE great American derby, worth $50,000 to the first horse. was run at Chicago and was won by Boundless. ELMER E. MORSE. of San Francisco, the local cashier of the National Fire Insurance Co., was lost overboard from the yacht Rover off Mare island, San Francisco. THE first religious services of the world's fair were held on the 25th. The sermon was preached by Rev. Dr. Thomas. AT Moorhead, Minn., a daring robber held up the cashier of a bank, secured $3,000 in gold and made good his escape. Gov. ALTGELD, of Illinois, has issued absolute pardons to the anarchists Fielden. Neebe and Schwab. A SUIT for partition of Cherokee lands has been brought by certain members, the results of which will be far reaching if it is decided in their favor. A RECRUIT at the United States barracks at Columbus, O., was shot and seriously wounded while trying to desert. THE lumber yard of John A. Wakefield at @maha, valued at $125,000. and several buildings in the vicinity of the yard were destroyed by fire. THE Choctaw council met in extra session to appropriate about $100,000 to pay the militia recently on duty at the Jones-Locke war. GEORGE BARNETT was instantly killed and John Bartlett terribly injured by a train near Bement, III. They had been drinking and sat down on the track. AT Coolidge, N. M., a cool robber held up the cashier of one of Harvey's cating houses and robbed the safe. AT El Reno, Ok., Editor Hensley was set upon by some county officials whom he had criticised and severely beaten up. SAM P. ROSE, a leading attorney of Denver, accidentally shot and killed himself. THE Canadian Pacific is completing its extension to St. Paul and will enter the transcontinental rate war with a 820 cut to Pacific coast points. Gov. WEST, of Utah, says the people of that territory are anxious for statehood. THE cowboy race from Chadron, Neb., to Chicago was won by John Berry. AT Folsom, Cal., desperate convicts attempted to escape, and in the fight which followed three of them were shot down by the guards. AT Lexington, Ok., fire destroyed a hotel and eleven other buildings, and two lives were lost in the flames. IN an accident at a grade crossing in Chicago on the Chicago, Burlington & Quincy two children were killed. O., made an THE Toledo application Spice Co., for of the Toledo, appointment of a receiver. The liabilities amount to $40,000; assets unknown. SOUTH
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A Whatcom Bank's Hope of Resumption. WHATCOM, Nov. 23.-[Special.,)-Cashier Atkins, of the suspended First National bank, says it will be known December 6 whether the bank will resume. Aid is hoped for from Jacob Furth and Sigmund Schwabacher, of Seattle, two of the largest stockholders.
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Hearing of Cashier Atkins. In the case of C. M. Atkins, late cashier of the defunct First National bank of Whateom, charged with misapplying deposits, the only witness examined before Commissioner Spriggs yesterday was George B. Blanchard, receiver of the bank. His cross-examination was not concluded lest evening. and court was adjourned Until 9 o'clock tomorrow morning.
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George B. Blanchard, receiver of the First National Bank of Whatcom, is in the city.
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The W hateom Hank Troubles. WHATCOM, May 23-[Special.]-Receiver Blanchard, of the Columbia National bank, returned from Seattle this morning. With reference to comments and reflec tions upon his management of the bank's affairs and the statements made at meetings of depositors, he says he is unable to express himself as freely as he would be glad to do, because of the instructions governing him. He suggests that if the depositors and others interested desire he will name three disinterested gentlemen of high standing in the community, who shall be acceptable to the people interested, to whom, if the comptroller permits, he will make a complete showing of the bank's affairs and let the question of approval or condemnation of his actions as receiver rest with them. The suggestion is regarded as a very fair one, and will likely be acted upon. Concerning the First National bank, of which he is also receiver, he saya there are more than forty depositors who have not yet called for the dividend of 15 per cent. declared March 17.
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TRYING CASHIER ATKINS. Whateom Bank Officials Sifting Out Evidence of Alleged Crookedness. Judge Hanford was busy yesterday Retening to the evidence in the second cay's trial of Charles M. Atkins, formerI cashier of the First National bank of Whatcom, who is charged with embezsisment. The trial is progressing slowly M will consume several days, as It involves an examination of the various books kept by the bank, the checking of the various accounts and identification of the alleged crookedness George, B. Blanchard, the receiver of the bank, was on the stand in the mornItg and testified to the condition of the bank when be took charge of it. According to his evidence Atkins had overdrawn his account several thousand dollars and otherwise misappropriated the funds. In the afternoon F. P. Lloyd, the former book-keeper and assistant cushier, but now a resident of Carbondate. Pa., was on the stand examining Blocks and ledgers and sifting out alleged crooked entries made by himself at the detation of Atkins. Lloyd's testimony his not concluded at s o'clock and will be renewed at 9:30 this morning.
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Brief Tacoma News. Tacoma, March &.-Special.-George L. McKay, of this city, has received a commission from H. J. King, of Chamberlain, S. D., to purchase a quantity of fir timher for the construction of a Missouri river steamboat. King is about to build a number of these boats. If he can get Puget Sound fir laid down at Mandan cheap enough he will use it exclusively in the work. Thomas Carroll, George L. McKay. C. S. Barlow, 0. B. Hayden and H. M. Hagerman intend to erect cottages this summer at Springfield on Henderson bay. The floor is now being laid on the west viaduct of the new Eleventh street bridge. The structure is fast approaching completion. The Canadian-American Club, with a membership of 150, is now installed in handsome apartments in the theater building. C. W. Seymour will sall from San Francisco on the steamer China the last week in this month on a business and pleasure trip to the Hawaiian islands and Japan. Harry C. Taylor, the singularly welleducated Puyallup Indian. pleaded not guilty to the charge of forgery before Judge Parker today. Trial began in the federal court today of the suit brought by J. K. Rae and M. J, McDonald against George B. Bianchard, receiver of the First National bank of Whatcom. The suit is to recover several thousand dollars worth of warrants deposited in the bank in 1891 and 1892 and alleged to have been sold by the bank without authority.
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Court Notes. George Gerhard and Caspar Larl, both of Germany, were admitted to citizenship by Judge Hanford yesterday. John Blake, of England, and John Peterson, of Denmark, were admitted to citizenship by Judge Langley yesterday. A $300 bond of J. C. Watrous, receiver in the case of Livingstone vs. Daoust et al., was filed in the superior court yesterday. Charles R. Wiley has filed a motion for a new trial of his $10,000 damage suit against the American Lumber and Shingle Company. United States Marshal James C. Drake yesterday filed his answer in the case of Mary P. T. Snyder vs. Parrott & Co. and James C. Drake as marshal. A remittitur of the supreme court, affirming the judgment of $1,000 in favor of John McQuillan and against the city has been received by County Clerk Gordon. Judge Hanford on petition yesterday gave an order empowering W. E. Dunn, receiver of the First National bank of Whatcom, to compromise with T. J. Smith by a mutual surrender of claims. Smith owed the bank on a promissory note and the bank owed him for rent of its premises. Satisfaction of judgment was filed by Ida F. Richardson in the Federal court clerk's office yesterday in consideration of $4,288.29 paid her by C. J. Smith, receiver of the Oregon Improvement Company. The judgment was given in the Federal court May 21, 1894, for $5,000 with 10 per cent interest from October 29, 1892, and was affirmed by the circuit court of appeals October 31, 1895.
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# SUMMONS BY PUBLICATION. In the Superior Court of the State of Washington, for the County of San Juan. S. S. Sumner, Plaintiff, vs. S. R. S. Gray, Alma Gray, Harriette Collier, Jeanette C. Nevans, George H. Williams, George B. Blanchard, as receiver of the First National Bank of Whatcom, Marie D. Grahame, Alma E. H. Gray, The Citizen's Bank of Fairhaven, Legh W. Applegate, Rebecca E. Applegate, John Doe, Jane Doe, Richard Roe and Susan Black, Defendants. The State of Washington, to the said S. R. S. Gray, Alma Gray, Alma E. H. Gray, Harriette Collier and Jeanette C. Nevans, Defendants; You are hereby summoned to appear within sixty (60) days after the date of the first publication of this summons, towit: within sixty days after the 13th day of February, 1896, and defend the above entitled action, in the above entitled Court, and answer the complaint of the plaintiff, and serve a copy of your answer upon the undersigned attorneys for plaintiff, at their office below stated; and in case of your failure so to do, judgment will be rendered against you, according to the demand of the plaintiff, which has been filed with the Clerk of said Court. The said action is brought to foreclose two certain mortgages, given by the defendants, S. R. S. Gray and Alma Gray, to the Guarantee Loan & Trust Company, of Seattle, to secure two promissory notes of the mortgagors to the same company of even date, namely, on the 15th day of February, 1890, one payable in the sum of eight hundred ($800.00) dollars, with interest thereon at the rate of eigth (8) per cent per annum, and the other payable in semi-annual installments of eight ($8) dollars each, aggregating seventy-eight ($78) dollars, which said mortgages and notes were afterwards assigned for a valuable consideration to the plaintiff. The property covered by said mortgages, is situated in San Juan County, State of Washington, and particularly described as follows, towit: All of lots fifty-one (51) and fifty-two (52); lots nine (9), ten (10), ten A (10A), twenty-two (22), twenty-three (23), twenty four (24), twenty-five [25], twenty-six [26], twenty-seven [27], twenty-eight [28], twenty-nine [29], thirty [30], thirty-one [31], thirty-two [32], thirty-three [33], thirty-four [34], thirty-five [35], thirty-six [36], thirty-seven [37], thirty-eight [38], thirty-nine [39], forty [40], forty-one [41]. forty-two [42], and forty-three [43]; blocks seventeen [17], eighteen [18] nineteen [19], and twenty [20]; lots two [2] and three [3], and M. V. and X, according to the plat of the first and second addition to the village of De Haro, situated in East Sound, San Juan County, State of Washington. STRUDWICK & PETERS, Plaintiff's Attorneys. Postoffice address, 610 Bailey Building. Seattle, King County, State of Washington. First publication Feb. 13, 1896.
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BANKS AS CREDITORS, Court of Appeals Gives Them the Preference Over Common Depositors. By the Decision Rendered It Is Safe for One Bank to Loan Money to Another. The United States Court of Appeals, Judges Hawley, Gilbert and Ross on the bench, handed down an important decision yesterday affecting the liability of one bank to another in the event of failure. The title of the suit as it appeared in the appellate court was "George B. Blanchard, receiver of the First National Bank of Whatcom (Wash.), vs. the Commercial Bank of Tacoma." By the decision just rendered banks are made preferred creditors. Some months ago the First National Bank of Whatcom was placed in the hands of & receiver, George B. Blanchard being named for that position. Four months prior to this act the Whatcom bank borrowed $10,000 from the Commercial Bank of Tacoma, agreeing to return the same within twelve months, with 10 per cent added. The crash came, however, before that time and the Tacoma people found themselves simply one of many creditors. Later, on the advice of counsel, they instituted suit against the receiver of the defunct institution to recover the amount loaned. The case was tried in the United States District Court and a judgment rendered in favor of the plaintiffs. Receiver Blanchard appealed the case on the ground that it made preferred creditors of the successful litigants. The Court of Appeals reviewed the deliberations of the District Court, returning the decision already mentioned. The importance of the decision is found in the fact that heretofore a bank loaning money to a sister institution has in the event of the failure of the borrower been compelled to take its chances with common creditors, depositors, etc. The conclusion just reached, however, makes every bank perfectly safe, so far as money loaned to each other is concerned. The opinion was read by Judge Hawley and concurred in by Judges Gilbert and Ross.
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# SHERIFF'S SALE OF REAL ESTATE. By virtue of an order of sale issued out of the Superior Court of the State of Washington for the County of San Juan, and to me directed and delivered, for a judgment rendered in said Court on the 1st day of July, A. D. 1896, in favor of S. S. Sumner, plaintiff, and against S. R. S. Gray, Alma Gray, Harriet Collins, Jeanette C. Nevans, George H. Williams, Geo. B. Blanchard as receiver of the First National Bank of Whatcom, Marie D. Graham, Alma E. H. Gray, The Citizen's Bank of Fairhaven, Legh W. Applegate and Rebecca E. Applegate, defendants, for the sum of ($1337.15-100) with interest at the rate of 12 per cent per annum from said first (1st) day of July, A. D. 1896, and the further sum of $34.30-100 costs of suit I have levied upon the following described real estate, towit: All of Lots fifty-one (51) and fifty-two (52), Lots nine (9), ten (10), ten A (10A), t.venty-two (22) twenty-three (23), twenty-four (24), twenty-five (25), twenty-six (26), twenty-seven (27), twenty-eight (28) twenty-nine (29), thirty (30), thirty-one (31), thirty-two (32), thirty-three (33), thirty-four [34], thirty-five [35], thirty-six [36], thirty-seven [37], thirty-eight [38], thirty-nine [39], forty [40], forty-one [41], forty-two [42] and forty-three [43], Blocks seventeen [17], eighteen [18], nineteen [19], and twenty [20], Lots two [2] and three [3], and V, and X, according to the plat of the first [Ist] and second [2d] addition to the village of De Haro, situated in East Sound, San Juan county, state of Washington. Notice is hereby given that on Saturday the 22nd day of August, A. D. 1896, at the hour of ten o'clock A. M. of said day, at the Court House door, in Friday Harbor, in said County of San Juan, I will sell all the right, title and interest of the said S. R. S. Gray, Alma Gray, Harriette Collier, Jeanette C. Nevans, George H. Williams, George B. Blanchard as receiver of the First National Bank of Whatcom, Marie D. Graham, Alma E. H. Gray, The Citizen's Bank of Fairhaven, Legh W. Applegate and Rebecca E. Applegate, defendants in and to the above described real estate, at public auction, to the highest and best bidder, to satisfy said execution and all costs. Given under my hand this 20th day of July, A. D. 1896. NEWTON JONES, Sheriff of San Juan County, Washington. First publication July 23, 1896.
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Court Notes. The two cases of H. W. Wheeler vs. the Seattle National bank have been ordered dismissed on motion of the plaintiff. Daniel McAkron was placed in the county jail yesterday to serve a seven days' sentence for fighting in South Seattle Israel Wlek, a native of Russia, was admitted to citizenship yesterday by Judge Langley. Judge Osborn admitted Anders Olsson, a native of Sweden. Alpheus Byers, receiver, has been ordered by Judge Osborn to sell the assets of the Gold Medal Falcon Canning and Preserving Company, at public auction. Henry Cowell, receiver of the Union Transit Company, yesterday filed a $10,000 bond in the superior court with F. D. Black and A. 8. Burwell as sureties. Judge Hanford yesterday signed an order of sale of the unknown British SCOW and cargo at Roche Harbor, as soon as due notice of sale shall have been given. Judgments were signed in the superior court yesterday as follows: James Nugent V9. Charles Pearson et al., $255.55; E. W. Gillette vs. Jerome Catlin et ai., $35.05 costs Judge Hanford ordered Wong Sing deported,and a deputy United States marshal escorted the Chinese to Tacoma yesterday afternoon for shipment back to China. Marriage licenses were issued yesterday for William Marion Hamlin and Minnie Bell Billings. both of Chicago: Duncan Alex Brown. of Seattle, and Mary Elizabeth Edson, of Rock Falls, Ia Soren Anderson, England: Frank Granstrom, Sweden; R. J. Ellicott, England: Carl Neuss. Germany, and Otto A. Olsen, Denmark, were yesterday admitted to citizenship by Judge Hanford. John G. Davis. an insane patient in the county Jail, who recently came to this city from Alaska, was given over into the custody of his father yesterday. and today they will start for the family home in Wales. Mining location notices were filed for record with the county auditor yesterday as follows: Mount S., by John Elend: Mount Baker, by Erick Carlson: North Point, by Nikodemus Hihnala. All the claims are in the Buena Vista district, King county. In accordance with the verdict for $10,697.50. which the Federal jury awarded Cora E. Nixon last July against the Equitable Life Assurance Society, Judge Hanford yesterday signed a decree for that amount plus $99.12 Interest since July 16, the date of the verdict. The final report of Fred K. Struve, receiver in the case of the German Savings Loan and Trust Company. vs. the Seattle Safe Deposit and Trust Company. has been approved by Judge Langley, and the receiver instructed to turn over to the plaintiff the sum of $240 on hand. Mandates of reversal by the United States supreme court were yesterday filed in the Federal court in this city for the case of Frank C. Ross vs. Edwin Eells et al., and the case of John Cook vs. Edwin Eeits et al., both of which had been decided here in favor of the complainants. Orders confirming sale were filed in the superior court yesterday as follows: Laura A. Bond. as trustee, VB. May J. Brenton et vir., blocks 24 and 25, Woodland addltion to Salmon Bay, $2,173.46; A. Schwabacher vs. Mary E. Weix et al., lots 1 to 11, block 71, Burke's Second addition, $1,650. Judge Hanford yesterday signed a decree ordering that $130 now in the court registry. together with a trunk and clothing. be turned over to W 8. Fulton, as administrator of the estate of C. Y. Ling. who jumped overboard from the ship Lyman D. Foster last February and was drowned. Articles of incorporation were filed with the county auditor vesterday for the Iron Hope Mining and Milling Company: incorporators, Charles G Scott John W. Gilson, G. E. Hallock. M. P. Stafford, W. T. Scott, W H Clark, C. N Sandahi and W H Howard: capital stock. $600,000; principal place of business. Seattle. On petition Judge Hanford yesterday authorized W. E Dunn as receiver of the First National bank. of Whatcom, to compromise certain claims with B. E. Lynch, Cole & Romaine and S. H Siemons & Bon: and as receiver of the Columbia National bank. to compromise with John M. Howard, H. E Walty, T J Massey, T. W. McVety and M H. Merriman. The Loan Guaranty and Trust Company, Ltd., of London yesterday obtained in the Federal court decrees of foreclosure and sale as follows: Against L. H. Griffith for block 19