Dexter Horton National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9798
Charter Number: 9798
Start Date: February 23, 1911
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: 18d4d1f442b97fb9

Response Measures

None

Description

Article (1911-02-23) describes legal proceedings involving the Dexter Horton bank and repeatedly refers to a bank failure and a receiver (Receiver Hawkins). No explicit bank run is described; a receiver is in place and the bank's affairs are being handled, consistent with a suspension/closure and receivership. Date for the hearing is Feb 23, 1911. OCR issues corrected (e.g., 'wert' -> 'were').

Events (2)

1. June 27, 1910 Chartered

Source: historical_nic

2. February 23, 1911 Receivership

Newspaper Excerpt: the hearing on the petition of the Dexter Horton bank to quash and set aside the writ of assistance ... has been set for February 23. ... Little of interest in connection with the bank failure has transpired during the week ... Receiver Hawkins stated last night ... The receivers again urge all those who are indebted to the bank ... benefit the depositors who have money tied up in the bank -
Source: newspapers

Newspaper Articles (1)

1. February 23, 1911 The Daily Alaskan Skagway, AK

Article from The Daily Alaskan, February 23, 1911

Click image to open full size in new tab

Article Text

WILLIAM NOTE IS PAID According to the Alaska Citizen, the hearing on the petition of the Dexter Horton bank to quash and set aside the writ of assistance. whereby the money consigned by the Washington-Alaska bank to the Dexter Horton bank was seized by the United States marshal at Cordova, has been set for February 23. The Dexter Horton bank asks that the money be returned to it. The depositions of W. H. Parsons and two others will be taken in Seattle before M. W. Bolster. Little of interest in connection with the bank failure has transpired during the week, unless it be the forwarding by some party in San Francisco of enough money to pay the Miss Wrenn note for $5,000 with interest, which money was sent by telegraphic exchange through the First National bank here last Thursday. Receiver Hawkins stated last night that he did not know who was the sender of the money. This note, it will be remembered, was one given by Miss Wrenn, a former stenographer at the bank, to cover an advance of $5,000 made to her, and as security for which she gave Fairbanks Banking Company stock The story goes that Barnette sold Miss Wrenn $10,000 worth of the stock with a stipulation she could get her money back if she ever became dissatisfied with the purchase A short time afterwards she was informed that her purchase was not a very wise one and she wert to the captain and demanded her money. Barnette is said to have given her $5,000 in cash and to have instructed Jackson to advance her another $5,000 on her note, with her stock as security. When Jackson interposed the objection that that was a matter the directors should have a hand in he was asked whether he was working for Barnette or the directors. It was this note which has just been taken up, whether by Miss Wrenn or Barnette is not known. The payment of the dividend progressed smoothly all week and the bank will be kept open for the accommodation of those who were unable to get to the bank last week. The receivers again urge all those who are indebted to the bank, and able to do so, to discharge their indebtedness as soon as possible, as in this way they will benefit the depositors who have money tied up in the bank -