19374. Seattle Safe Deposit & Trust Company (Seattle, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
October 19, 1895
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
e5281b4ad41b28a1

Response Measures

None

Description

The articles (Oct 1895–Jun 1896) describe foreclosure actions and the appointment of receivers (Fred K. Struve and Harvey T. Hannon) for the Seattle Safe Deposit & Trust Company and its building, with receivership administration of assets and payments to creditors. There is no mention of a depositor run or of the bank temporarily suspending payments and later reopening; the court-ordered receiverships indicate the bank was placed in the hands of receivers and effectively closed. OCR minor fixes: 'Safe Beposit' -> 'Safe Deposit'; dates taken from newspaper publication dates and article text.

Events (7)
1. October 19, 1895 Receivership
Newspaper Excerpt
Foreclosure proceedings were begun ... Judge Langley ... appointed Fred K. Struve receiver ... receiver to take charge of the building and collect rents, etc.
Source
newspapers
2. October 31, 1895 Receivership
Newspaper Excerpt
William Vevers ... has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.
Source
newspapers
3. November 2, 1895 Receivership
Newspaper Excerpt
F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, was yesterday ordered by Judge Langley to pay outstanding debts amounting to $183 out of the $204 turned over to him by William Vevers, the former manager.
Source
newspapers
4. November 16, 1895 Receivership
Newspaper Excerpt
Judge Langley ... appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building, now in the hands of Fred K. Struve as receiver.
Source
newspapers
5. December 25, 1895 Receivership
Newspaper Excerpt
Fred K. Struve was appointed by Judge Langley receiver for the Seattle Safe Deposit & Trust Company building, and was authorized to lease banking room on the first floor of that building to the Scandinavian-American bank for three years at $150 a month.
Source
newspapers
6. February 1, 1896 Receivership
Newspaper Excerpt
Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve ... the court took the ground that the dual receivership should not be disturbed.
Source
newspapers
7. June 26, 1896 Receivership
Newspaper Excerpt
F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, has been directed by Judge Langley to pay the German Loan and Savings Society $1,689.54, in partial satisfaction of a judgment.
Source
newspapers

Newspaper Articles (10)
1. October 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 19, 1895

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Article Text

RECEIVER FOR A TALL BLOCK. Foreclosure Sult Begun for the Safe Beposit Building. Foreclosure proceedings were begun in the superior court yesterday by the German Savings and Loan Society, of San Francisco, against the Seattle Safe Deposit and Trust Company. of this city, for the foreclosure of a $40,000 mortgage, security for a loan. The matter was taken before Judge Langley, who at the request of the plaintiff appointed Fred K. Struve receiver, with bonds fixed at $7,500. The money was loaned on the building on December 29, 1891, and was secured by a mortgage on the building. with interest at 7 per cent. The complaint alleges that no part of the principal has ever been paid. and no interest since May 14, JRSG. A receiver to take charge of the building and collect rents, etc., was petiHoned for, and attorney's fees to the amount of $2,000 are asked. The company " thought to be perfectly solvent, and the present suit will not result in the sale of the property.

2. October 31, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 31, 1895

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Article Text

William Vevers, who has been with the Seattle Safe Deposit and Trust Company since 1889, has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.

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

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Article Text

Court and County Notes. Sarah A. Ashbridge applied for letters of administration on the estate of John N. Ashbridge. O. C. McGilvra was appointed administrator of the estate of William A. Jennings, with $300 bonds. Count Auditor Beman turned over to County Treasuer Maple yesterday $1,041.80 fees received during October. Eik Anton Thornberg. of Sweden, and Rasmus Thompson, of Norway, were admitted to citizenship yesterday by Judge Hanford. Default and judgment for $250 was entered yesterday by Judge Langley against Charles Livingstone in favor of Elizabeth C. Norton. J. E. Farmer was granted judgment by Judge Osborn yesterday against Charles Coppen for $128, with interest, on a promissory note. The case of the Front Street Cable Company vs. James C. Drake as United States marshal was argued and submitted yesterday in Judge Hanford's court. Licenses to wed were Issued yesterday for Charles Newton Sperry and Laura Swanson, both of Ballard: Michael Kehoe and Elizabeth A. Hunt, both of Seattle. Andrew Chilberg, administrator de bonis non of the estate or Adaline Halverson, filed his $2,000 bond yesterday, with Nelson Chilberg and K. K. Tvete as sureties. The inventory of property owned by Julius Lindberg, an Insane person, showed that he had one lot in Denny & Hoyt's addition worth $300 and personal property worth $90. Corporation Counsel Scott filed notice of appeal yesterday from the decision of the superior court giving County Treasurer Maple judgment for $96 salary for collecting city taxes. By stipulation between Alpheus Byers and Fred Nolte and others, judgment for $360 on a promissory note, but execution is not to be issued before November 15, 1896. Charles W. Burton, who was sent to the insane asylum July 20, 1892, died October 30, of paresis. Burton was a laborer who imagined he owed mortey to a person who was trying to kill him. A. W. Conant was appointed administrator of the estate of Jennie E. Hall, wife of Isaac M. Han. Azema Freygang was the administrator, but she has removed from the state and is living in Indiana. His bond is $200. F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, was yesterday ordered by Judge Langley to pay outstanding debts amounting to $183 out of the $204 turned over to him by William Vevers, the former manager, and to pay current expenses out of receipts. The receiver of the Seattle Cedar Lumher Company was yesterday authorized to pay the following claims: Labor, checks, $158.24: labor. open account, $119.50: commission on sales, $84.82; insurance, $81.72; Manufacturers' Water Company, $58.05: Union Electric Company, $2.90: total, $505.23. An order of default was entered yesterday by Judge Osborn against C. E. Bash and Henry Bash. two of the defendants in the suit of the Merchants' National bank against Smith Bros. et al. The suit was commenced in 1892 on a promissory note and judgment was obtained against Smith Bros. for $2,500. without prejudice to proceedings against the Bashs.

4. November 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 16, 1895

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Article Text

To Foreclose on Safe Deposit Block. Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building, now in the hands of Fred K. Struve as receiver. The petitioners for the appointment were Frank H. Osgood, Emily Slawson, Elton E. Ainsworth and Arthur Dunn, doing business as Ainsworth & Dunn, and the Boston National bank. of Seattle. Immediately upon his appointment, Mr. Hannon filed his bond of $10,000, with Dennis Keller and W. R. Forrest as sureties. He then gave notice that the German SavIngs and Loan Association would attempt to foreclose a mortgage on the real property. amounting to $40,000, and that the entire valuation of the property was about $45,000.

5. December 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1895

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Article Text

No Necessity for Two Receivers. The Seattle Safe Deposit and Trust Company objects to having two receivers and gives this as one reason why the court should dissolve the order appointing Harvery T. Hannon. Some time ago the German Savings and Loan Society brought an action against tife company and obtained the appointment of Fred Struve as receiver. Later a suit was commenced by Frank H. Osgood and others against the same company and Harvey T. Hannon was appointed in this case. The Safe Deposit and Trust Company claims Hannon was appointed without notice to it and before a complaint had been served. There was no emergency alleged and none existed sufficient to justify the appointment without giving the defendant a chance to be heard. In closing. the court is asked to set aside the appointment of Hannon, as there was already a receiver of the property.

6. December 25, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 25, 1895

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Article Text

Haven's cough syrup. Gem drug store. Court and County Notes. Judge Osborn yesterday gave H. B. Bagley judgment by default against Edwin M. Church and wife for $2,309.85. The board of county commissioners after a short session yesterday afternoon adjourned till the first Monday in January. Testimony in the logging case was continued before Judge Langley yesterday, and at adjournment the case went over till Thursday. On stipulation of the attorneys concerned, Judge Langley yesterday dismissed the case of A. J. Bittinger vs. George Dawson et al. Judge Osborn yesterday granted an order to sell the Richman stock of goods at 208 Commercial street on petition of the Peerless Manufacturing Company. Judge Osborn yesterday rendered a decree in favor of Frank I. Blodgett for $9,692.72 against C. M. Sheafe et al., with foreclosure lands and bank stock. Judge Langley yesterday confirmed the sale of real estate in the following cases: J. Albert Jackson vs. Frank B. Sparlow et al; Moses Morris vs. James Duvall et al. Receiver Charles H. Baker, of the Merchants' National bank, was given authority by Judge Hanford to sell the bank's personal property from time to time as he sees fit. By order of Judge Osborn R. H. Ballinger was yesterday added to the list of defendants in the case of the Columbia & Puget Sound Railroad Company vs. John V. Ritten et al. Judge Osborn yesterday entered default against the substituted defendants, J. G. Richville and R. H. Richville, in the case of the Minnesota Type Foundry Company vs. the Seattle Transfer Company et al. Judge Langley yesterday gave an order enjoining Jasper Hanson from disposing of property belonging to John Johnson and Mary A. Hanson, against whom Johan T. Smith holds an unsatisfied judgment for $274.73. Judge Langley yesterday temporarily enjoined the Stillaguamish & Sultan Mining Company from further issuance of preferred stock pending the suit of Alexander H. Morrison and James Sheehan against that corporation. Fred K. Struve was appointed by Judge Langley receiver for the Seattle Safe Deposit & Trust Company building, and was authorized to lease banking room on the first floor of that building 40 the Scandinavian-American bank for three years at $150 a month. W. J Shinn, as assignee of J. E. Ralph, yesterday filed his report. showing total amount received, $494.85; expenses, $283 48: paid creditors, $140.05; balance on hand, $121.32: total debts proved and allowed, $1,428.82. He asks leave to pay a 10 per cent. dividend. Deputy United States Marshal Quilter left for San Quentin prison, in California, yesterday with Jake Terry, under sentence for counterfeiting. He will be joined at Tacoma by Deputy Casron with five more prisonèrs who are to be taken to the same prison. James Murphy, whose appeal has been refused by the supremo court, will have thirty days in which to plead for a rehearing before that tribunal. Even if his request should be denied, he will hardly take the journey to Walla Walla before the last of January. Judge Osborn yesterday granted Gus Brinkman a divorce from Addie Brinkman on the ground of desertion, and Judge Humes gave Lizzie Wilson a simHar release from Alexander L. Wilson, the decree also reinvesting her with her malden name. Lizzie McCulloch. Judge Langley yesterday gave Frank I. Curtis, receiver for the Crescent Lumber Company, leave to sell the office furniture belonging to that company, and to Frank I. Curtis as receiver for the Standard Mill Company leave to sell the piledriver belonging to the latter. The Seattle Lake Shore & Eastern was sued yesterday (or $3,600 damages by E. Kilbourne, Luella S. Kilbourne, his C. wife, and John Zanatto, for the loss of a house on Lake Union, It is claimed that the house was burned by a fire which was started by sparks from one of the company's locomotives. Licenses to wed were issued yesterday Charles F. Houston, of Seattle and Grace for Phillips, of Renton Richard H. Abrams of Seattle and Mattle Anderson, Fir, Wash.: James R. Gilker, of Port of Blakeley, and Evelyn H. Marshall, of Seattle; A. Solomon and Amelia Hilke, of Ballard: Laurence Gronlund and BeuAlice Carey, of Seattle: William lah Tw and Dora Bell Hesser, of Ballard: William EN J Hodder and Katie Hoege: M Robbins and Agnes M Donald, Clement South Park Floyd Croft and Lissie of Nenion, of Seattle Edward C. Damon and Mattie M. IcDonabi, of Seattle. Articles of incorporation were filed yesas follows The Agassiz Lumber terday Shingle Company, R. Agassis and A. & Agassiz incorporators; the same with A B. Calligan, trustees for six months; office, A Seattle capital The stock, State $4,000, in Lum- forty equal Company shares Richard Agassiz and Anber Jamieson incorporators the same, drew Charles E. West, trustees for six months; with effice. Seattle: capital stock, $5,000. in fifty equal shares. of Aver's excellence

7. February 1, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 1, 1896

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Both Receivers Retained. Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve, in the case of the German Savings and Loan Assoclation and F. H. Osgood et al. vs. the Beattle Safe Deposit and Trust Company. The intention of the motion to consolidate was to make Hannon receiver of both the building and other property, but the court took the ground that the dual receivership should not be disturbed.

8. February 8, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 8, 1896

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Court Notes. Confirmation of sale-The Oregon Mortgage Company vs. Lysander Matthews. In the matter of the estate of A. F. Able, Judge Langley yesterday signed a decree admitting the will to probate. In the case of Thomas Jose vs. B. E. Lynch, the statement of facts was filed yesterday in the office of the clerk of the court. Robert Martin, convicted of burglary on the residence of H. A. Frederick, yesterday filed through his counsel a motion for a new trial. An order was entered in Judge Langley's court yesterday finally discharging W. J. Shinn as assignee of the estate of J. E. Ralph, an insolvent. In the estate of Sullivan E. Clough, Judge Langley yesterday signed an order approving the final account of the adminIstrator and discharging him. Joseph Bendle, a native of Great Britain, and Augustus A. Sutherland, a native of New Brunswick, were yesterday admitted to citizenship in Judge Osborn's court. The hearing on the exceptions to the final account of the administrator of the estate of Diana C. B. W. Sour was yesterday continued by Judge Langley until February 14. Hugh C. Allison, a native of New Brunswick, who came to this country a minor, was admitted to citizenship by Judge Langley yesterday morning without taking out his first papers. In the case of Harriet Baxter vs. WillIam H. Le May et al., the default of the Puget Sound National bank, Boston National bank and J. D. Lowman was ordered entered by Judge Langley yesterday. In the case of F. H. Osgood VS. the Seattle Safe Deposit and Trust Company, by agreement of counsel the time was yesterday extended by Judge Langley for the receiver to receive bids for the personal property. Marriage licenses were issued to Cornelius Wallace, of Newcastle, and Vinia Workcoff, of Seattle: A. Lincoln Walters, of Seattle, and Clara A. Smith, of the same place: Frank Critcher and Sophia M. Poterson, both of Seattle. In the case of Mary Jeffs et al. vs. the Bank of British Columbia, the application for a temporary injunction was continued till February 14, 1896, the temporary retraining order being continued in force by Judge Langley yesterday. In Judge Osborn's court yesterday an order was entered In the suit of Ida R. Pennington vs. D. T. Wheeler for a writ of restitution for the premises, lot 8 and four feet of lot 7. block 15. Summit supplemental addition to Seattle. In the matter of the assignment of Kate Olson. Judge Langley yesterday entered an order allowing exemptions to the amount of $230. Also an order allowing the assignee, John 8. Morse, the sum of $50 for his services and also $50 for services of counsel. In the case of James Berry and Harry Stover vs. Selah Tenent and Sarah J. Tenent, Judge Langley yesterday signed an order substituting James Berry as sole plaintiff. and thereafter a decree foreclosing labor liens on lots 3 and 4, block 1 of Supplemental addition to the city of Seattle, for the sum of $437 and costs. Articles of incorporation of the Queen City Candy Company were filed in the auditor's office vesterdav. The incorporators are M. D. Haynes, W. B. Haynes and C. A. Dean. of Seattle: H. Wittenberg. of Portland. Or., and Louis Saroni, of San Francisco. The objects are to manufacdeel in in Sent The

9. February 26, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 26, 1896

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ANOTHER GILMAN SUIT. Safe Deposit Company Begins an Action for $100,000. The Seattle Safe Deposit & Trust Co., by Harvey T. Hannon, receiver, yesterday brought suit in the superior court against D. H. Gilman on twenty coupon bonds for $5,000 each, secured by mortgage on 678 lots in Ollman's addition to Seattle. The mortgage is dated October 1, 1891, and remains entirely unsatisfied. E. W. Price, H. A. Smith, Christian Hansen and the city of Seattle are joined as defendants, as claimthe an Interest in the mortgaged premises. In the case of Thomas Burke, as trustee, vs. Gilman, answers were filed by the General Electric Company, the Bank of British Columbia and the Seattle National bank. In the case of the People's Savings bank against Gilman, a default was entered.

10. June 26, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 26, 1896

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Court Notes. Judge Osborn will set cases tomorrow for the week beginning September 8. James Norberg. of Sweden, was yesterday admitted to citizenship by Judge Hanford. A marriage license was issued yesterday for George Conning and Martha Jane Jones, both of Seattle. A complaint in insanity was issued by County Clerk Gordon yesterday against William Ihmann. of South Park. A motion for a change of venue to Snohomish county has been made in the case of J. B. Rutherford vs. J. F. Weber et al. Erick Ulin, jr., executor of the last will and testament of Frederick Ulin. deceased, was released from liability yesterday, the administration having been brought to is close. In the damage case of Emily H. Canfield vs. M. Furuya an answer was filed yesterday to the effect that the injuries complained of were caused by the carelessness of the complainant. F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, has been directed by Judge Langley to pay the German Loan and Savings Society $1,689.54. in partial satisfaction of a judgment. A $200 cost bond was filed yesterday in the superior court in the case of the State Insurance Company, of Salem, VS. Richard Holyoke et al. A similar bond was filed in the case of William Grefe vs. W. E. McKee. Judge Hanford yesterday gave an order directing M. F. Backus. as receiver of the Seattle Consolidated Street Railway Company to pay the Union Electric Company $300.04 as a preferred claim for material furnished. Judge Hanford yesterday gave an order of dismissal in the case of Lillie H. Hennelly vs. the Phoenix Insurance Company, of Brooklyn, on stipulation which showed that the company had paid the plaintiff $1,875 on a $3,000 policy. Judge Hanford having sustained the demurrer in the case of David H. Denton vs. Charles H. Baker. receiver of the Merchants' National bank of Seattle, yesterday gave an order of dismissal at plaintiff's cost. The case will be appealed.