19197. Blaine State Bank (Blaine, WA)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
state
Start Date
October 1, 1895
Location
Blaine, Washington (48.994, -122.747)

Metadata

Model
gpt-5-mini
Short Digest
e8e2719699718726

Response Measures

None

Description

Multiple contemporary newspaper reports (Oct 1–7, 1895) state the Blaine State Bank (Blaine, WA) went into the hands of a receiver due to insolvency. No articles describe a depositor run prior to suspension; receivers were appointed and litigation followed. The bank was successor to the Blaine National Bank which had suspended about a year earlier.

Events (3)

1. October 1, 1895 Receivership
Newspaper Excerpt
went into the hands of Lester W. David, postmaster of Blaine, as receiver yesterday on application of S. H. Stone, of Seattle, one of the stockholders.
Source
newspapers
2. October 1, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent; stockholder S. H. Stone applied for receiver and receiver was appointed; liabilities and assets reported but insolvency cited.
Newspaper Excerpt
The Blaine state bank at Blaine, Wash., ... went into the hands of Lester W. David ... as receiver yesterday
Source
newspapers
3. October 7, 1895 Other
Newspaper Excerpt
preliminary hearing of E. R. Wheeler, cashier of the Blaine state bank, on the charge of receiving money for deposit in said bank when he knew it to be insolvent, took place in Blaine last evening ... Wheeler was bound over for trial ... Receiver David took possession under Judge Winn's order
Source
newspapers

Newspaper Articles (11)

Article from San Antonio Daily Light, October 1, 1895

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Bank Failure. NEW WHATCOM, Wash., Oct. 1. -The Blaine state bank at Blaine, Wash., of which H. W. Wheeler is president and E. R. Wheeler cashier, went into the hands of Lester W. David, postmaster of Blaine, as receiver yesterday on application of S. H. Stone, of Seattle, one of the stockholders. The liabilities and assets are not stated.


Article from Capital Journal, October 1, 1895

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Another Failure. NEW WHATCOM, Oct. 1.-The Blaine state bank of Blaine, of which H. W. Wheeler is president and E. R. Wheeler cashier, has gone into the hands of a receiver. Assets and liabilities not stated. It was the only bank in Blaine and Was a successor to the Blaine National bank which suspended one year ago.


Article from The Daily Morning Astorian, October 1, 1895

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BANK FAILURE. New Whatcom, Sept. 30.-The Blaine State Bank, of Blaine, of which H. W. Wheeler is president and E. R. Wheeler cashier, went into the hands of a receiver today. The assets and liabilities are not stated. It was the only bank in Blaine and was successor to the Blaine National Bank which suspended a year ago.


Article from Aberdeen Herald, October 3, 1895

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NEWS OF THE STATE. The Blaine State Bank, of Blaine, has suspended. Both houses of the Seattle council have ordered street car and electric light wires to be placed under ground. The number of men employed in fishing on Willapa harbor and its tributaries this fall is nearly double what it was last year, and big fish are plentiful. A convention of miners is in session this week at Spokane. with the object of advancing the interests of the miners, and of the mines, one of the principal sources of wealth of the state. Charles E. Myers, the murderer of Frank Sherry, was hanged at Walla Walla, Monday. Myers set fire to the City hotel in Asotin, two years ago, in order to burn his divorced wife. The wife escaped but Sherry perished. Another big enterprise is projected by Seattle parties. It is to use the Cedar river to furnish power to generate electricity sufficient to furnish Seattle and Tacoma with all their power; also to use part of the water to supply the city of Seattle. John McClelland, of Olympia, spent four days in a gulch in the Olympic mountains, recently, without food or fire, having lost his footing and slipped into it while hunting. He was nearly dead from hunger and cold when found by his companions. The Northern Pacific car shops at Edison showed a pay roll of $21,000 for August, affording employment to 375 men. The shops are now turning out the fourth order for 100 freight cars, which are constructed entirely of home product except the end sills, which are of oak. f Those under construction are monsters, and will hold 70,000 pounds.


Article from The Diamond Drill, October 5, 1895

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-100119 gan. Superior and Huron, doing great damage to shipping. IN his annual report Director of the Mint Preston estimates the total stock of gold and silver coin in the United States January 1, 1895. at $1,706,219,251, of which the gold goin is placed at $577,182,793. This shows a net loss in gold coin for the year 1894 of $886,182,792 and only $5,889,541 of silver. The world 8 production of gold for 1894 was $179,865,000, an increase of $22,668,000, while the 1894 figures for silver were EDWIN W. McHENRY, of St. Paul, chief engineer of the Northern Pacific, and Frank G. Bigelow, a Milwaukee banker, were appointed receivers of the Northern Pacific railway. THE Wabash (Ind.) Church and School Furniture company failed with liabilities of $100,000. AT the close of the twentieth season of the National Baseball league the clubs stood in the following order: BaltΓ­more, .669; Cleveland, .646; Philadelphia, 595; Chicago, .554; Boston, .542; 1889' cinnati, .508; New York, .504; Washington, .336; St. Louis, .295: Louisville, 298 THE visible supply of grain in the United States on the 30th ult. was: Wheat, 40,768,000 bushels; corn, 5,451,000 bushels; oats, 2,725,000 bushels; rye, -ysnq OCO'916'Y barley 000'700 els. Six lives were crushed out at a quarry near Independence, Mo., by the premature explosion of a "blast. AN immense mass meeting was held in Chicago, presided over by Mayor Swift, to protest against Spanish tyranny in Cuba. Speeches were made and resolutions were adopted asking the United States government to recognize the Cuban insurgents as belligerents. Hon. J. P. Boyd, the eminent lawyerpolitician and recently minister of the Gospel, was found dead in his bed at the Boyd mansion in Cincinnati from heart disease. AT Rockford, Ill., Leonard Preston, a bank clerk. and George Ashbrook, of Janesville, Wis., were drowned by the capsizing of their boat. THE schooner Elma foundered in Lake Superior off Miner's river and the captain and his wife and child and the six members of the crew were drowned. THE grand jury of the District of Columbia recommended that the whipping post be established in the district for the punishment of wife beatersand petty thieves. THE United States treasury closed the month of September with a sur-xo JOAO receipts at JO snid penditures. It showed an available cash balance of $185,086,217, with a JO p[o.8 NEAR Brigham City, U. T., Mrs. Inger Jeppsen, Christian Jeppsen and Miss Ipsen were killed by a runaway. THE spot where Miles Standish land"I TE91 '68 September po Mass., was marked by a unique monument composed of round stones brought by members of the Daughters of the Revolution and kindred societies and placed in position by a mason. pus '28 pase T MNVHM OM1 '=% pass Mung Porter 'M per correspondents living at Oneida, N. Y., were drowned in Oneida lake by the upsetting of a boat. B. D. BLAKESLEE and N. A. Winquest left New York for San Francisco on bicycles and will endeavor to break the present record of 48 days and 18 hours. IN the Rock River Methodist confer03 depided SHAL 71 "III 10 0000 admit women as delegates in the general conference by a vote of 142 to 27. THE schooner John Raber went ashore 18 miles east of Whiting, Ind., and Capt. Johnson and an unknown sailor were drowned. THE public debt statement issued on the ist showed that the debt increased $1,834,687 during the month of Sep. tember. The cash balance in the treasury was $185,405,363. The total debt, less the cash balance in the treasury, amounts to $941,089,636. THE Blaine (Wash.) state bank went into the hands of a receiver. THE St. Louis Loan and Investment company and the Aetna Loan and Savings company consolidated atSt. Louis with a capital of $9,000,000. FROST was general and very destruetive in Virginia and North Carolina, a fifth of the tobacco crop being ruined. THE famous still run by Tom Blair, who was lynched New Year's morning at Mount Sterling, Ky., was taken in


Article from The Seattle Post-Intelligencer, October 7, 1895

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Cashier of the Blaine State Bank Held for Trial. DEPOSITORS FEEL VERY BITTER Straub's Accomplice in Lanterman's Murder Will Confess. Clallam County's First Fair a Great Success-Yakima's Fair and Indian Jubilee to Open Today-The Bank of Tacoma Sensation-Railroad Work to Begin. Whatcom, Oct. 6.-Special.-The preliminary hearing of E. R. Wheeler, cashier of the Blaine state bank, on the charge of receiving money for deposit in said bank when he knew it to be insolvent, took place in Biaine last evening before Justice McDonald, and was concluded at 11:30. Wheeler was bound over for trial in the superior court, and his bond was fixed at $7,000, though the attorneys had agreed that $5,000 would be ample. He immediately left in a carriage for this city in the custody of Sheriff Bell and accompanied by John Arthur, of Seattle. The bond was completed late this afternoon and approved by Superior Judge Winn. His sureties are W. E. Dunn, of this city; R. G. Gamwell, J. C. Breckenridge and T. E. Monihan, of Fairhaven, and Mrs. Wheeler qualified in the aggregate for $10,000. H. W. Wheeler, for whose arrest on the same charge a warrant has been issued, is now in Seattle, but one of his attorneys says he telephoned today that he would come here whenever wanted. Public feeling against the Wheelers and especially H. W., is very strong in Blaine, particularly among the workingmen who had deposits in their bank. One, a section boss, is said to have $800 tied up in the institution, when the total deposits subject to check are reported at $1,400, and time certificates $3,500. The total liabilities, including the assumed indebtedness of the Blaine National, are approximately $10,600. There was about $700 cash on hand when Receiver David took possession under Judge Winn's order, and he sent that here before he was ousted by Receiver Emmons, under the order of Judge Hanford. Several suits were filed here by the Wheelers yesterday, and the matter seems to be getting more complicated every day. It is claimed that the assets amount to about $30,000.


Article from The Seattle Post-Intelligencer, October 9, 1895

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David Ordered to Deliver the Books. The only new development in the conflicting receiverships of the Blaine Nation bank and the Blaine State bank Was an order from Judge Hanford given to Receiver Emmons. of the National bank, requiring Receiver Lester W. David, of the State bank, to deliver to Receiver Emmons certain books claimed to belong to the National bank, or show cause for not doing so by next Monday.


Article from The Seattle Post-Intelligencer, October 22, 1895

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Blaine Bank Case Argued. In the case of the Blaine National bank against Lester W. David, receiver of the Blaine State bank, a motion to vacate the order appointing a receiver of the National bank was argued and submitted to Judge Hanford yesterday. The argument was upon the jurisdiction of the Federal court, and Judge Hanford will hand down his decision today. J. T. Ronald. David's counsel, contended that the court had no jurisdiction in the case, because all the parties to the suit are domiciled in the state. He claimed that the appointment was in the interest of the Wheelers.


Article from The Seattle Post-Intelligencer, November 9, 1895

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# PERSONAL. H. B. Brokaw, a merchant of Stanwood, is at the Butler. A. W. Coleman went to Whatcom yesterday on business. Ex-Judge J. N. Scott, of Port Townsend, is at the Northern. Mr. and Mrs. F. D. Neville, of Tacoma, are at the Tremont. Mayor J. L. Roberts, of Walla Walla, is staying at the Butler. Capt. D. F. Tozier, of the revenue cutter Grant, is at the Northern. Dr. L. L. Porter, the physician of the Roslyn mines, is at the Diller. Lester W. David, the receiver of the Blaine State bank, is at the Butler. Mrs. Harvey, son and daughter, of Fairhaven, are staying at the Butler. Mrs. M. P. Benton returned last evening from a visit to relatives at Walla Walla. E. S. Rothschild, member of the firm of Rothschild Bros., Portland, is at the Butler. E. A. Mackay, who is soon to start a glass factory in this city, is staying at the Northern. W. H. Llewellyn will represent the state at the grangers' convention to be held in Boston November 14. George H. Smith, of the firm of H. G. Foster & Co., shinglemen of Tacoma, is staying at the Northern. Register W. D. O'Toole, of the United States land office, is quite sick at his residence on Rochester avenue. J. F. Richardson and John Swanson, two well-to-do farmers of Fir, on the Skagit river, are at the Diller. E. H. Ammidown, president of the Seattle Power Company, returned yesterday from New York, where he has been on business for the company. Rev. G. R. Wallace, pastor of the First Congregational church at Portland, is the guest of Mr. and Mrs. W. T. Wickware, at 1411 Seventh street. Hon. George B. Kandle, ex-mayor of Tacoma, is registered at the Diller. H. M. Lillis, ex-chief of the Tacoma fire department, is at the same hostelry. Miss Rose Coghlan and her company came in on the Great Northern coast line from Vancouver, B. C., yesterday afternoon, and are staying at the Rainier-Grand. Capt. Henry W. K. Ayres, who is now a resident of Port Angeles but is an old Seattleite and at one time was proprietor of the Seattle Daily Post, is on a visit to the city. Dr. and Mrs. Rufus H. Smith and child left yesterday for Chicago, where the doctor will take charge of the Lakeside hospital. Their departure is regretted by many friends in this city.


Article from The Seattle Post-Intelligencer, January 21, 1896

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# SUING FOR DAMAGES. Banker Wheeler on the Stand Against C. P. Stone. IS RIGIDLY CROSS-EXAMINED. Mrs. Eliza M. Fraser Recovers Instur- ance Policy in Full-Coroner Ask- am's Suit for Fees. Banker H. W. Wheeler's $50,000 damage suit against C. P. Stone for alleged dam- ares to character in the litigation grow- ing out of the appointment of a receiver for the Blaine State bank, Is on trial be- fore Judge Humes in the superior court, and yesterday Wheeler himself was on the stand. On direct examination his testimo- ny was in support of denials of the allega- tions of the Gleason affidavit, which was pronounced false in every particular. There was a preliminary skirmish, however, in which the defense sought to throw the case sut of court on the ground that the action had been brought upon allegations made in papers filed in court, the contention being that such statements, no matter what their nature, were not actionable. In presenting this phase of the controversy, the defense beld that the English common law was ap- plicable, but the court stated that the prac- dice in this country would admit of the ac- tion being brought. On cross-examination Wheeler was given over to J. T. Ronald, who sought to bring out the inner workings of the Commercial National bank, the National Investment Company, the American Investment Com- pany, the Sidney Sewer Pipe Company, the Sidney Hotel Company, the Puget Sound Lime Company and other organizations with which Wheeler had had intimate re- lations. The answers were not at all times satisfactory to Mr. Ronald. A portion of the testimony was as follows: Question-Is it not a fact that L. Ξ—. Wheeler owned every dollar of the stock of the American Investment Company, ex- cept one share, which W. T. Chalk owned? Answer-He might have. Q-Do you mean to say that you made the loan ($3,645.80) to the American Invest- ment Company without Investigating its standing? A.-I probably did at the time. Q-Don't you know it to be a fact that there were no assets and no property what- ever belonging to the American Investment Company except that it owned the stock of the National Investment Company? А.- That might have been the case. I don't re- member now. Here the witness was shown the note of the company, signed by Chalk as president. The next question was: "Did not the American Investment Com- pany put up every dollar of the capital stock of the National Investment Company, with the exception of two shares, as securi- ty for that note?" A.-It may have done so. "How many shares of the National In- vestment Company are pledged as collat- eral for that note?" was then asked. After examining the note, witnesss said there had been pledged ten shares in the Puget Sound Lime Company, twelve shares in the Sidney Sewer Pipe Company and ninety-eight shares in the National Invest- ment Company. Another question brought at a statement that there had also been put up four notes of $500 each signed by the Sidney Hotel Company. Q-Was not L. H. Wheeler one of the principal owners in the Sidney Hotel Com- pany? A.-I understand he was. Q-Didn't he have an interest in the Pu- get Sound Lime Company? A. He might have. Q-What interest did Lee Wheeler have In the Puget Sound Lime Company? A.- He was one of the principal stockholders. Q-When did the American Investment Company borrow $3,645.80 from the Com- mercial bank? A.-I don't remember the date now. Q-Didn't L. H. Wheeler owe the bank the sum of money that is shown upon the note of the American Investment Com- pany? A. He might have. Upon being asked if L. H. Wheeler did not owe the bank on September 30, 1893, $1,645.80, for which the bank holds his note, the witness said, "He might have." Being further asked if the bank, through him- self as president, did not on the same date surrender the note to L. H. Wheeler, he answered, "We might have done so." Asked if the American Investment Company did not on the same day give its note for the same amount to the bank, he replied, "He might have done so." Asked if the note of the American Investment Company had ever been paid while he was president of the bank, he said, "I do not think so. It might have been." So the cross-examination proceeded until 4:15, when Mr. Ronald announced he had finished, and the court took a recess until this morning, when the case will be taken up again.


Article from The Seattle Post-Intelligencer, January 22, 1896

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# WHEELER GETS OUT OF COURT Does Not Prove Malice and Is Therefore Non-Suited. H. W. Wheeler will recover nothing from C. P. Stone in the suit for $50,000 damages for alleged injury to his reputation, due to statements in an affidavit filed in Judge Wian's court, Whatcom county. The case went out of Judge Humes' court shortly before noon yesterday on a motion for a non-suit. Wheeler was the only witness put on the stand. In granting the motion, Judge Humes said: "There is evidence here tending to show that the matter complained of was not pertinent to the legal proceedings in question, that the publication was not absolutely privileged. If words in themselves are actionable and the publication not privileged, malicious intent in publishing is an inference of law, and therefore needs no proof. But where the circumstances of the publication are conditionally privileged; that is, where the circumstances of the publication are such as to repel the inference of malice and excluding liability of defendant, unless upon proof of actual malice, the plaintiff must furnish such proof. This in my opinion is the rule that must govern in this case. The motion for a non-suit is granted." The action is one of a number growing out of the involved litigation following the appointment of a receiver for the Blaine State bank, and the collapse of numerous corporations in which Wheeler was either an officer or with which he had intimate business relations.