19377. Seattle Savings Bank (Seattle, WA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
January 12, 1897
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
9631a437284ec36a

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Jan 12–13, 1897) report heavy withdrawals (including county funds) that precipitated the bank closing by directors, appointment of a receiver (H. O. Shuey), and the bank's liquidation. The sequence is a run → suspension → permanent closure/receivership.

Events (3)
1. January 12, 1897 Run
Cause
Local Banks
Cause Details
Gradual withdrawals following the recent St. Paul and Chicago bank failures and then large withdrawals by county officers and other heavy depositors.
Measures
Directors called, bank closed by order of directors; attempted to protect remaining funds and then sought court action.
Newspaper Excerpt
There had been gradual withdrawals of deposits since the recent St. Paul and Chicago bank failures ... some heavy depositors drew out their money.
Source
newspapers
2. January 13, 1897 Receivership
Newspaper Excerpt
When the Superior Court convened, upon application of one of the directors, H. O. Shuey was appointed receiver of the institution. A notice posted on the door said that depositors would be paid in full.
Source
newspapers
3. January 13, 1897 Suspension
Cause
Local Banks
Cause Details
Immediate proximate cause was heavy withdrawals (notably county funds withdrawn by newly installed county officers) following broader withdrawals tied to other bank failures; directors ordered bank closed and receiver was appointed.
Newspaper Excerpt
This bank is closed by order of the directors. Depositors will be paid in full. ... Judge Monroe, on petition, appointed H. O. Shuey receiver.
Source
newspapers

Newspaper Articles (23)
1. January 13, 1897 Evening Star Washington, DC
Article from Evening Star, January 13, 1897

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NOT PREPARED FOR A RUN. The Seattle Savings Bank Closes Its Doors. SEATTLE, Wash., January 13.-The Seattle Savings Bank has closed its doors, owing to heavy withdrawals of county funds by newly installed officers Monday. Judge Monroe, on petition, appointed H. O. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $70,000 and the assets $104,000. The accounts among the latter regarded as first class are between $80,000 and $90,000. The institution will liquidate its obligations dollar for dollar.

2. January 13, 1897 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, January 13, 1897

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SEATTLE BANK FAILURE. Withdrawals of Deposits Wreck a Savings Institution. SEATTLE, WASH., Jan. 12.-The Seattle Savings Bank suspended to-day, posting the following notice: This bank is closed by order of the directors. Depositors will be paid in full. The liabilities are $75,000, assets $100,000. F. L. Fehren, cashier, said there had been gradual withdrawals of deposits since the recent St. Paul and Chicago bank failures. The bank was established in 1891. The Seattle Savings Bank has been a large dealer in warrants, handling for months three-fourths of those issued by King County. As the deposits decreased the bank was compelled to dispose of its large line of warrants in order to keep its cash up to the required reserve. This con. tinued until Monday, when some heavy depositors drew out their money. The officers of the bank, realizing its precarious condition, called in the full board of directors last evening and, after a session lasting until midnight, ordered the bank closed this morning. It is understood that the direct cause of the bank closing was the attempted withdrawal of county funds yesterday by the retiring County Treasurer, as his successor requested the amount due to be paid in cash. One check for $5000 was presented about 3 o'clock, bnt it was not honored. Bondsmen of the new County Treasurer object to having county funds placed in savings banks.

3. January 13, 1897 The Record-Union Sacramento, CA
Article from The Record-Union, January 13, 1897

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BANK FAILURE. A Seattle Savings Institution Closes Its Doors. SEATTLE, Jan.. 12.-The Seattle Savings Bank suspended to-day, posting the following notice: "This bank is closed by order of the directors. Depositors will be paid in full." The liabilities are $75,000; assets, $100,000. F. L. Fehren, Cashier, said there had been gradual withdrawals of deposits since the recent St. Paul and Chicago bank failures. The bank was established in 1891.

4. January 13, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 13, 1897

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The simple announcement attached to the curtain of one of the front doors of the Seattle Savings bank yesterday morning, that the bank was closed by order of the directors, did not fail to create some small show of interest in the neighborhood of Second avenue south and Yesler way. The interest attaching to the closing of one of the financial institutions of this city was not confined to those who had sustained business relations with the bank, but a crowd of idlers, drawn by the irresistible suggestion that something was wrong, gathered and looked at the building curiously. The drawn curtains and air of quiet, coupled with the white paper hanging in the window and its simple announcement, marking the passing of a business that came into existence when things were at their best, was construed as an omen, by many, of the disaster that pessimists revel in. In point of fact, the closing of the doors to business yesterday by the Seattle Savings bank was the logical result of a heavy drain upon its resources of a day or two previous, and It was only after spending the greater part of Monday night looking into its affairs that the officers of the bank determined to wind up the business. With that determination the books were closed, the vault was locked, and the programme of the following day arranged. The first thing was the action filed in the superior court by J. W. Hughes, one of the directors of the bank, in which a receiver was asked for. The application also asked for the appointment of H. O. Shuey as receiver, and Judge W. H. Moore, upon the showing made, issued an order appointing Mr. Shuey and fixing his bonds at $25,000. The receiver filed his oath of office, but up to 8 o'clock last night the bond had not been filed. The condition of the bank's affairs exhibits nothing but a most business-like showing for the past, and had it been desirable to continue it is not unlikely that it might be done. The directors decided, however, that accepting deposits after the heavy run of the day before might lay them liable to charges of irregularity, if nothing more, as the resources of the bank were not immediately convertible into money, though largely in excess of the liabilities. The figures given to a Post-Intelligencer reporter by Capt. Ballard, the president, were: Liabilities, $70,000; assets, $104,000, including the furniture and bank property. Of this sum at least $85,000 is rated as being in first-class securities, secured notes and warrants being the bulk of the investments classed as good. This sum is $15,000 in excess of the liabilities, and is regarded as more than enough to close up the affairs of the Seattle Savings bank. The withdrawals which precipitated the closing of the doors yesterday morning were those of the new county officers and one or two private individuals. The taking down of these large accounts depleted the cash ballance to such an extent that the hurried meeting of the board of directors was called to declare an emergency. It was stated by Capt. Ballard yesterday that in reply to his question Monday, one of the heavy depositors, representing a county office, had said that his reason for withdrawing his money was the demand made by his bondsmen that he have nothing to do, as far as his accounts went, with savings banks. The institution was organized in July of 1890 with a capital stock of $50,000. Its present officers are: President, Capt. W. R. Ballard: cashier, F. L. Ferrel: directors, H. E. Holmes, J. M. Frink, P. W. Fuller, W. V. Rinehart and J. W. Hughes. The report that the bank's affairs are in excellent shape will probably be confirmed in a later report by the receiver. Should there be a satisfactory showing, it will doubtless do away with many small lawsuits. The fact that ex-Treasurer Maple is still the custodian of $5,234.74 of county

5. January 14, 1897 New-York Tribune New York, NY
Article from New-York Tribune, January 14, 1897

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BUSINESS EMBARRASSMENTS. Seattle, Wash., Jan. 13.-The Seattle Savings Bank failed to open Its doors yesterday. When the Superior Court convened. upon application of one of the directors, H. O. Shuey was appointed receiver of the institution. A notice posted on the door stated that depositors would be paid in full. This is regarded as altogether probable, as the liabilities are $70,000 and the assets over $150,000. Many of the deposits from this bank were withdrawn during the recent election excitement. As the deposits decreased the bank was compelled to dispose of Its large line of warrants in order to keep its cash up to the required reserve. This continued until Monday, when some of the large depositors drew out their money. The officers of the bank, realizing the precarious condition, called in a full Board of Directors, and they ordered the bank closed. It is understood that the direct cause of the bank closing is due to the attempted withdrawal of county funds on Monday by the retiring County Treasurer, as his successor requested that the amount due be paid in cash. Chicago, Jan. 13.-The Illinois and Wisconsin L mber Company made an assignment to-day to Charles B. Flynn. The company has lumber lands in many parts of Wisconsin. The assets are $100,000; Habilities about $60,000.

6. January 14, 1897 The Sun New York, NY
Article from The Sun, January 14, 1897

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SEATTLE SAVINGS BANK FAILS. A Great Deal of Money Had Been Withdrawn-Depositors to Be Paid in Full. SEATTLE, Wash., Jan. 13.-The Seattle Savings Bank failed to open its doors yesterday. When the Superior Court convened. upon application of one of the directors. H. O. Shuey was appointed receiver of the defunct institution. A notice posted on the door said that depositors would be paid in full. This is regarded as altogether probable. as the liabilities are $70,000 and the assets over $150,000. Many of the deposits in this bank were withdrawn during the recent election excitement. As the deposits decreased the bank was compelled to dispose of its large line of warrants in order to keep its cash up to the required reserve. This continued until Monday. when some of the large depositors drew out their money. The officers of the bank. realizing the precarious condition. called in the full Board of Directors, and they ordered the bank closed. It is understood that the direct cause of the bank closing is due to the attempted withdrawal of county funds on Monday by the retiring County Treasurer. as his successor requested that the amount due be paid in cash.

7. January 14, 1897 The Copper Country Evening News Calumet, MI
Article from The Copper Country Evening News, January 14, 1897

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Seattle Bank Closes. Seattle, Wash., Jan. 14.-The Seattle Savings bank has closed its doors owing to heavy withdrawals of county funds by newly-installed officers Monday. Judge Monroe on petition apThe pointed N. O. Shuey receiver. statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $70,000 and the assets $104,000. The accounts among the latter regarded as first-class are between $80,000 and $90,000. The institution will liquidate its obligations dollar for dollar.

8. January 14, 1897 Wheeling Register Wheeling, WV
Article from Wheeling Register, January 14, 1897

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CLOSED THE BANK Withdrawal of County Funds Causes a Suspension at Seattle SEATTLE, Wash.. January 12.-The Seattle Savings Bank has closed. owing to heavy withdrawals of county funds by newly installed officers. Liabilities $70.the assets, $104,000.

9. January 14, 1897 The Bryan Daily Eagle Bryan, TX
Article from The Bryan Daily Eagle, January 14, 1897

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Seattle Bank Closes. SEATTLE, Wash., Jan. 13.-The Seat. tle Savings bank has closed its doors owing to heavy withdrawals of county funds by the newly installed officers on Monday. Judge Monroe, on petition, appointed H. O. Shurey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. Linbilities, $70,000, and assets, $104,000. The accounts among the latter are regarded as firstclass.

10. January 14, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, January 14, 1897

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able cash balance, $231,881,072; gold reserve, $139,834,252. MINING STOCKS. Bulwer $0 38 Ontario $9 00 Cholor 90 70 Ophir Crown Point 38 20 Plymouth Con. Cal. & Va. 1 25 1 00 Quicksilver Deadwood 1 00 12 00 do pfd 25 Sierra Nevada 90 Gould & Curry Standard 1 30 Hale & Norcross. 1 10 Homestake 29 00 Union Con 40 Iron Silver 32 Yellow Jacket 35 Mexican 40 NEW YORK. NEW YORK, Jan. 13.-Flour-Receipts, 22,429 bbls; exports, 18,990 bbls; affected by the decline in wheat and closed lower to sell, especially on spring patents. Rye flour, steady. Buckwheat flour, quiet. Buckwheat, steady, Cornmeal, steady. Rye, quiet. Barley, steady, Barley malt, quiet. Wheat-Receipts, 1,850 bu; exports, 13,804 bu; spot, weaker; No. 1 hard, 953/4c; options opened firm on better cables and ruled steady all the morning, only to collapse in the afternoon under disappointing late English cables; a small decrease in world's stocks and active liquidation, closing 3/₃@1c net lower; No. 2 red, January, 887/g@901/4c; closed 89c. May, 86 1-16@97 11-16c, closed 861/4c. Corn-Receipts, 17,550 bu; exports, 108,105 bu; spot, quiet; No. 2, 29; options opened steadier on covering and light receipts, but broke with wheat, closing at 1/4@3/sc decline. January closed 29c. May, 301/2 @₃c, closed 301/2c. Oats-Receipts, 70,800 bu; exports, 10,480 bu; spot, quiet; No. 2, 221/4c; options, dull, easy; closing 1/4c net lower. January closed 22c; May, 22%@23c; closed 223/4c. AVAILABLE GRAIN. NEW YORK, Jan. 13.-Special dispatches to Bradstreet's covering the principal points of accumulation indicate the following changes in available supplies last Saturday as compared with the preceding Saturday: Wheat, United States and Canada, east Rockies, decrease, 446,000 bu; afloat for and in Europe, decrease, 1,184,000; total decrease world's available, 1,630,000. Corn, United States and Canada, east Rockies, increase, 1,673,000. Oats, United States and Canada, east Rockies. decrease, 335,000. The chief increases of available stocks of wheat last week, outside of those in various lines of Northwestern interior elevators, were 100,000 bu at Fort William, Ont.; 39,000 in Chicago private elevators; 32,000 at Leavenworth and 30,000 in Minneapolis private elevators. Corresponding decreases included 94,000 bu at Rochester, N. Y.; 76,000 at Louisville; 37,000 at Joliet and 33,000 bu at Cleveland. BANK DOORS CLOSED. SEATTLE. Wash., Jan. 13.-The Seattle Savings bank has closed its doors, owing to heavy withdrawals of county funds by newly installed officers Monday. Judge Monroe, on petition, appointed H. 0. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $75,000, and the assets $104,000. The institution will liquidate its debts dollar for dollar. The county funds in the banks are secured by a bond of $75,000. No attempt will be made to resume business. FOREIGN FINANCIAL. NEW YORK, Jan. 13.-The Evening Post's London schedule cablegram: The stock markets opened dull today, but improved later, except for home rails, which were depressed by the dividend announcements which began coming out today. Apparently most of the companies have earned large traffic, but at greatly increased expenses against any possible future labor troubles. Americans were better, but there was little doing in them. Mines were also better and copper shares were strong. NEW YORK MONEY. NEW YORK, Jan. 13.-Money on call, easy, 1½@2 per cent. Last loan 2c, closed 11/2@2c. Prime mercantile, 31/2@41/2 per cent. Sterling exchange firm, with actual business in bankers' bills, $4.871/4@4.871/2c for demand, and $4.841/2@4.84%c for sixty days. Posted rates, $4.851/2c and $4.88@4.881/2c. Commercial bills. $4.831/2@$4.84. Silver certificates, 64&@65%c. Bar silver. 643/4c.

11. January 14, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, January 14, 1897

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A SEATTLE BANK CLOSES. As Usual "Depositors Will be Paid in Full" Seattle, Wash., Jan. 14.-The Seattle Savings bank has closed its doors owing to heavy withdrawals of county funds by newly installed officers on Monday. Judge Monroe, on petition, appointed H. O. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $70,000 and the assets $104,000. The accounts among the latter regarded as first class are between $80,000 and $90,000. The institution will liquidate its obligations dollar for dollar.

12. January 15, 1897 The Penn's Grove Record Penns Grove, NJ
Article from The Penn's Grove Record, January 15, 1897

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Domestic. The Seattle (Wash.) Savings Bank failed to open I-s doors, and when the Superior Court convened H. 0. Suey was appointed receiver. The liabilities are $70,000 and the assets more than $150,000. It is understood that the direct cause of the bank closing is due to the attempted withdrawal of county funds, as the County Treasurer requested that the amount due be paid cash. At Sacramento both Houses of the California Legislature met in joint session and east the formal ballot electing George C. Perkins United States Senator. At Madison, Wis., the Republican Legislative caucus named John C. Spooner for the United States Senate. At Oswego, N. Y., a jury in Justice Wright's Trial Term of the Supreme Court, returned a verdict for $15,000 against the New York. Ontario and Western Railway Company in n suit brought by Mrs. Emma Cooper for $25,000 damages. Mrs. Cooper's husband was a fireman employed on the road. In August, 1885 he was killed near Bernhard's Bay, N. Y. Senator Cantor introduced in the Senate at Albany, N. Y., his bill reducing the pr.ce of gas in New York City to $1 per 1000 feet, fixing its minimum candle-power at 24, and providing penalties for infractions. The Rev. Dr. Charles Cutbbert Hall. of Brooklyn, was nominated for President of the Union Theological Seminary, to succeed the Rev. Dr. Thomas S. Hastings, who resigned on account of ill-health. The National Monetary Convention at Indianapolis, Ind., declared for maintenance of the gold standard and created a perf. nent Executive Committee to urge upon gress next March the creation of a monetain commission, and, failing in that, to name a commission itself. The Republican joint legislative caucus was held at Concord. N. H. James O. Lyford nominated Jacob H. Gallinger, of Concord, as United States Senator for six years, to succeed himself, and he was nominated unanimously. The United States cruiser Montgomery was damaged by striking an obstruction off Castle William, Governor's Island, New York harbor. The first prize of $200 for the best design for mural decorations at the Cincinnati (Ohio) City Hall was awarded to Otto W. Beck. of Cincinnati, and the second prize of $100 went to F. N. Sheefer, of Philadelphia. About 1500 saloon keepers in Chicago are to be arrested for failure to make the last payment on their year's license, which has been due since January 10. The policemen of Asbury Park, N. J., have been instructed to arrest all persons, who may be found drunk on the streets of that town. Mayor Strong, in his annual message. dealt almost entirely with the city's financial condition, showing New York's credit to be of the best. New Yorkers rejoice over the signing of the Anglo-American arbitration treaty. The opinion of many representative citizens prevails that the treaty is the beginning of coninuous peace, and that it may result in the adoption of arbitration by all civilized NaHons. Many are in favor of celebrating the ratification of the treaty in some litting manner. There was a rush of place hunters an 1 others to Canton, Ohio, to see Major McKinley. George C. Perkins was re-elected United States Senator from California. Thirty cadets were discharged from the Military Academy, at West Point, because of deficiency in the January mental examinations. John Warris killed his brother, David, in the presence of and at the request of the latter's bride, in a duel near Crawfordville, Fla. The General Trust Company has been incorporated in Illinois, with a capital of $5,000,000. Its object is to carry on a general banking business in Chicago. Mrs. Hattie F McCloud, of Shelbourne Falls, Mass was murdered on a lonely road, orobably by tramps. Carnegie and Westinghouse employes formed a $2,000,000 co-operative stock company to establish an iron and steel plant on Puget Sound, Washington. At Bryn Mawr, Penn., the Postoffice, which is in the railroad station, was robbed of $2000 in cash and $75 worth of stamps. The work was done by some one familiar with the office, as the combination was worked and the safe opened in the regular way. At Bismarek in the Republican caucus pardelpated in by all the Republicans of the Legislative Assembly, Senator Hansbrough was nominated as the party candidate for reelection to the United States Senate from North Dakota. The nomination was practically unanimous. This action has been expected since the call for a caucus was made by the Republican Committee. J. F. Costello, who disappeared from Binghamton, N. Y., several years ago and has been mourned as dead, was found in an Indiana jall. At Brocksville, Ky., Robert Laughlin was hanged. On February 24, 1896, Laughlin, a tenant and farm laborer, assaulted his niece, then murdered her and his wife and fired the house. He confessed. At Canton, Ohio, President-elect McKinley promised a colored committee to devote a part of his first message to the subject of Southern lynchings,

13. January 18, 1897 Vilas County News Eagle River, WI
Article from Vilas County News, January 18, 1897

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Seattle Bank Fails. Seattle. Wash., Jan. 13.-The Seattle Savings bank has closed its doors, owing to heavy withdrawals of county funds by newly installed officers Monday. Judge Monroe, on petition, appointed H. O. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for D. run. The liabilities are $70,000 and the assets $104,000.

14. January 29, 1897 The Ocala Banner Ocala, FL
Article from The Ocala Banner, January 29, 1897

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gregrating $273,000, with assets of real estate and stocks of uncertain value. The Ohio Photograph Company. of Cinciunati, capitalized at $1,000,000, put in the hands of a receiver, on the application of the stockholders. C. D. Osbc doing business as C. D. Osborn, and Co., whelesale dealers in gloves, at Chicago, III., chattel mortgage in favor of Littauer Bros., and others foreclosed. J. J. Augustine and Co., dealers in dry goods and shoesa St. Louis, given a trust deed for $32,500. The Illinois and Wiscodsin Lumber Company assigned at Chicago, Ill., to Charles B. Flinn. The company has lumber lands over the entire state of Wisconsin. Following the recent sucide of Henry C. Zehrung, its manager, who killed himself because Bryan was defeated, the Standard Glass and Paint Co npany, of Lincoln Neb., failed. The Seattle Savings Bank closed doors owing to heavy withdrawals of county funds by newly installed officers. Judge Monroe, on petition, appointed H, Shuy receiver. The famous Vulture Mines property, in Arizona, which producced over $10,000,000 in gold sold at Phoenix, under a trust deed, given as security for a loan of $24,000. The price paid was $15,000. D. P. Paiste, a Chester hardware dealer, failed with executions against him on judgments amounting to $5,874.83. The depression in business made it impossible for him to collect outstanding bills. The White Swan Milling and Mining company, with headquarters at Des Moines, Iowa, assigned. Its mines are at Baker City, Oreg. The company has $1,000,000 authorized capital. H. S. Robinson & Co., manufacturers and wholesale dealers in shoes at Detroit, Mich., given chattel mortgages for $138,000. The business has been established many years. On December 1 last their statement showed assets, $280,000; liabilities, $140,000. A number of employes of the Crawford Bicycle Works, of Hagerstown, Md., quit work Saturday morning. They claim their wages have been reduced SO frequently in the past couple of weeks that they can no longer afford to work under the present cut. These men are piece workers in the filing department, and were cut from 20 cents to 15 cents. The company states that the low prices of bicycles has forced them to the reduction. This is the firm that took such active part In the last campaign. Fearing that their employes might vote for Bryan, they placed a notice in their works stating that if Bryan was elected they would close the factory, but if McKinley was elected they had a $250,000 contract to work on.

15. June 24, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 24, 1897

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# REAL ESTATE TRANSFERS. # Transactions Since January 1 and for Yesterday. Real estate transactions since January 1, 1897, are $3,585,839.74. There were filed for record yesterday 8 deeds, aggregating $3,433. Following is a list furnished by the Seattle Abstract Company, room 419 New York block: Robert G. Hall to Wm. L. Ellis, und ½ lots 6 and 7, block 17, Renton's ad, February 8. $5. Nellie E. Campbell and husband, James, to Richard S. Alexander, lots 7 to 9, block 23, J. H. Nagle's ad, June 16, $925. Frank W. Goodhue et ux. to Seattle Savings bank, lot 4, block 9. Anderson's supl plat: block 9, J. H. Nagle's ad, July 15, 1893, $700. F. L. Fahren et ux. to H. O. Shuey, receiver Seattle Savings bank, lot 10 and n 12 feet lot 11, block 15, Summit supl ad, April 22, $1. Same to same, property in Island county, April 22, $1. H. O. Shuey, receiver Seattle Savings bank, to First African M. E. church, of Seattle, lot 4, block 9. Anderson's supl plat; block 9, J. H. Nagle's ad, June 18, $700. M. E. McCormick and husband, J. R., to Jennie J. Sylvester and Nettie F. Young, lot 33, block 7, South Park ad, December 20, 1894, $1. George W. Lay to Cora L. Hall, lots 1 to 10, block 35; lot 2, block 42 Wallingford's Park Div, Green Lake ad, May 23, $1,100.

16. December 7, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 7, 1897

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# SUPREME COURT DECISIONS. Shuey, Receiver, vs. Adair Affirmed in a Long Opinion. OLYMPIA, Dec. 6.-The supreme court today filed an opinion affirming judgment in the case of H. O. Shuey, receiver of the Seattle Savings bank, respondent, vs. George B. Adair, appellant, who executed to the Seattle Savings bank a note for $2,000, dated May 6, 1892. In this case it appears from appellant's brief that W. R. Ballard, H. E. Holmes, W. V. Rinehart and W. B. Robertson, trustees of the bank, induced Adair to purchase twenty shares of stock in the Seattle Savings bank, and Adair gave his note to the bank to get the money to buy the stock. Adair claims that these same gentlemen entered into an agreement with him that they, as individuals, would take the stock off his hands, which, in the five years passed, they have failed to do. The legal question raised here is, did the facts set up in the original and amended answers in this case, which are numerous and set out at great length in the opinion, constitute a defense available against the receiver? The supreme court, in concluding a very lengthy opinion, says: "This court has always been of the opinion that the faith and credit attaching to written agreements should not be easily destroyed, and the best of reasons could be adduced for holding a contract of this kind sacred and unchangeable by the admission of parole testimony, except, of course, in case of fraud or mistake. These reasons have been so often advanced and are so well understood that is not necessary to repeat them." In Henry Holgate, appellant, vs. Samuel Parker and J. P. Kirby, respondents, appealed from Pierce county, a new trial was granted in this case by the lower court, and inasmuch as it was evident to the supreme court that the discretion vested in the trial court was not abused, the judgment was affirmed. State of Washington ex rel. Iha C. Achey, respondent, vs. the sheriff of Chehalis county, appellant: judgment affirmed. James K. Burnham et al., appellants, vs. the Spokane Mercantile Company, defendants; Nash & Nash, respondents; appealed from Spokane county; reversed.

17. May 18, 1898 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 18, 1898

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# Receiver Shuey Wins. The jury in the Shuey-Ballard case returned a verdict for the plaintiff yesterday in the sum of $4,034.90. The amount sued for by Receiver Shuey was approximately $6,000. The jury found that Capt. Ballard, the defendant, had not agreed to waive his compensation as president of the Seattle Savings bank after the annual meeting in November, 1893, but they allowed him $51 a month from that time until the bank closed. This aggregated $1,938, which was offset against the claim of the receiver, leaving a balance due, according to the verdict, of $4,034.90.

18. March 14, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 14, 1900

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# DECISION AGAINST RECEIVER. George B. Adair Defents Suit on Bank Stock Assessment. In granting a nonsuit in the case of H. O. Shuey, receiver of the Seattle Savings bank, against George B. Adair to recover about $900 on an elleged secondary liabil-ity as a stockholder, yesterday, Judge Jacobs decided that the rate of assessment should be adjusted on the contracts, debts, and engagements of the bank, accruing while the person assessed was a stock-holder. It appeared from evidence that came before the court that there had been a flat assessment on the stockholders of the Seattle Savings bank amounting to 48 per cent. of the face value of the stock. On an equitable basis Mr. Adair should have been assessed 45 per cent., if liable to as-sessment.

19. March 5, 1902 The Seattle Star Seattle, WA
Article from The Seattle Star, March 5, 1902

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# DECISIONS # RENDERED OLYMPIA, Wash., March 5. - The supreme court handed down an opinion this morning in the case of John Herman, appellant, vs. Great Northern railway, respondent, involving an action for damages for injuries sustained at the Spokane depot by the appellant slipping on an unsafe sidewalk. Judgment of the lower court was reversed, a new trial ordered and costs taxed against respondent. In the case of H. O. Shuly, receiver for the Seattle Savings bank, appellant, vs. H. E. Holmes and Kate T. Holmes, respondent. The court fails to find error in the ruling of the trial court, declines to consider affidavits accompanying the motion and affirms the judgment of the trial court. The case involved the collection of an assessment on stock of the defunct bank owned by respondents. The trial court found for appellant in the sum of $2252 and costs of suit.

20. March 28, 1902 The Seattle Republican Seattle, WA
Article from The Seattle Republican, March 28, 1902

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# IN THE SUPERIOR COURT OF THE State of Washington, for King County.- No. 34628. Notice and Summons. Ellis Morrison, Plaintiff, vs. Harry White, A. E. Held, Seattle Savings Bank, a de- funct corporation, and Harry Clise, Re- ceiver thereof; Wiey & Bostwick, Ed- ward H. Van Ingen and David T. Leslie, co-partners as E. H. Van Ingen Co., First National Bank of Seattle, Washing- ton National Bank, H. D. Wheeler, Mar- garet Morrrow, Libbie H. H. Wiley, as Executrix of the estate of John Wiley, deceased; W. E. Meek, and all per- sons unknown, if any, having or claim- ing an interest or estate in and to the hereinafter described real property, de- fendants. State of Washington: To Harry White, A. E. Held, Seattte Savings Bank, a de- funct coporation, and Harry Clise, Receiv- er thereof; Wiley & Bostwick, Edward H. Van Ingen and David T. Leslie, co-part- ners as E. H. Van Ingen Co., First National Bank of Seattle, Washington Na- tional Bank, H. D. Wheeler, Margaret Mor- row, Libble H. H. Wiley, as executrix of the estate of John Wiley, deceased; W. E. Meek, who are the owners or reputed own- ers of, and all persons unknown, claiming or having an interest or estate in and to the hereinafter described real property. You and each of you are hereby noti- fied that the above named plaintiff, Ellis Morrison, is the holder of two certain de- linquent tax certificates, numbered respect- ively: B10852 and B10853, issued by the Treasurer of King County, Washington, embracing the following rea property sit- uated in King County, Washington, and more particularly described as follows: Lots three (3) and four (4), all in block eleven (11) of Sander's First Addi- tion to West Seattle, King County, Wah- ington. That said certificates were issued on the 15th day of November, 1901, for the sum of $11.81 each, for the delinquent taxes for the years 1889, 1891, 1893, 1894, 1895 and 1896. That on the 15th day of November, 1901, the plaint paid the County Treasurer of King County aforesaid on account of taxes due on said lots above described for the years subsequent to the year 1896, the following sums, to-wit: On said lot 3, block 11, 56 cents for the year 1897; 37 cents for the year 1896; 36 cents for the year 1899; 34 cents for the year 1900. On said lot 4, block 11, 56 cents for the year 1897; 37 cents for the year 1898; 35 cents for the year 1899; 34 cents for the year 1900, which sev- eral sums bear interest at the rate of 15 per cent. per annum from said date of pay- ment. You and each of you are hereby directed and summoned to appear within sixty days after the date of the first publication of this notice and summons, exclusive of the day of said first publication, to-wit, within sixty days after the 7th day of Feb., 1902, and defend the above entitled action in the above entitled court, or pay the amount due, together with the costs. In case of your failure so to do, judgment will be ren- dered foreclosing the lien for said taxes and costs against the real property, lands and premises herein named. ELLIS MORRISON, Plaintiff. BALLINGER, RONALD & BATTLE, Attorneys for Plaintiff. Office Address, 501 Mutual Life Bldg., Seattle, Wash.

21. April 11, 1902 The Seattle Republican Seattle, WA
Article from The Seattle Republican, April 11, 1902

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# IN THE SUPERIOR COURT OF THE State of Washington, for King County.- No. 34628. Notice and Summons. Ellis Morrison, Plaintiff, vs. Harry White, A. E. Held, Seattle Savings Bank, a de- funct corporation, and Harry Clise, Re- ceiver thereof; Wiey & Bostwick, Ed- ward H. Van Ingen and David T. Leslie, co-partners as E. H. Van Ingen Co., First National Bank of Seattle, Washing- ton National Bank, H. D. Wheeler, Mar- garet Morrrow, Libbie H. H. Wiley, as Executrix of the estate of John Wiley, deceased; W. E. Meek, and all per- sons unknown, if any, having or claim- ing an interest or estate in and to the hereinafter described real property, de- fendants. State of Washington: To Harry White, A. E. Held, Seattte Savings Bank, a de- funct coporation, and Harry Clise, Receiv- er thereof; Wiley & Bostwick, Edward H. Van Ingen and David T. Leslie, co-part- ners as E. H. Van Ingen Co., First National Bank of Seattle, Washington Na- tional Bank, H. D. Wheeler, Margaret Mor- row, Libbie H. H. Wiley, as executrix of the estate of John Wiley, deceased; W. E. Meek, who are the owners or reputed own- ers of, and all persons unknown, claiming or having an interest or estate in and to the hereinafter described real property. You and each of you are hereby noti- fied that the above named plaintiff, Ellis Morrison, is the holder of two certain de- linquent tax certificates, numbered respect- ively: B10852 and B10853, issued by the Treasurer of King County, Washington, embracing the following rea property sit- uated in King County, Washington, and more particularly described as follows: Lots three (3) and four (4), all in block eleven (11) of Sander's First Addi- tion to West Seattle, King County, Wah- ington. That said certificates were issued on the 15th day of November, 1901, for the sum of $11.81 each, for the delinquent taxes for the years 1889, 1891, 1893, 1894, 1895 and 1896. That on the 15th day of November, 1901, the plaint paid the County Treasurer of King County aforesaid on account of taxés due on said lots above described for the years subsequent to the year 1896, the following sums, to-wit: On said lot 3, block 11, 56 cents for the year 1897; 37 cents for the year 1896; 36 cents for the year 1899; 34 cents for the year 1900. On said lot 4, block 11, 56 cents for the year 1897; 37 cents for the year 1898; 35 cents for the year 1899; 34 cents for the year 1900, which sev- eral sums bear interest at the rate of 15 per cent. per annum from said date of pay- ment. You and each of you are hereby directed and summoned to appear within sixty days after the date of the first publication of this notice and summons, exclusive of the day of said first publication, to-wit, within sixty days after the 7th day of Feb., 1902, and defend the above entitled action in the above entitled court, or pay the amount due, together with the costs. In case of your failure so to do, judgment will be ren- dered foreclosing the lien for said taxes and costs against the real property, lands and premises herein named. ELLIS MORRISON, Plaintiff. BALLINGER, RONALD & BATTLE, Attorneys for Plaintiff. Office Address, 501 Mutual Life Bldg., Seattle, Wash.

22. April 18, 1902 The Seattle Republican Seattle, WA
Article from The Seattle Republican, April 18, 1902

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# IN THE SUPERIOR COURT OF THE State of Washington, for King County.- No. 34628. Notice and Summons. Ellis Morrison, Plaintiff, vs. Harry White, A. E. Held, Seattle Savings Bank, a de- funct corporation, and Harry Clise, Re- ceiver thereof; Wiey & Bostwick, Ed- ward H. Van Ingen and David T. Leslie, co-partners as E. H. Van Ingen Co., First National Bank of Seattle, Washing- ton National Bank, H. D. Wheeler, Mar- garet Morrrow, Libbie H. H. Wiley, as Executrix of the estate of John Wiley, deceased; W. E. Meek, and all per- sons unknown, if any, having or claim- ing an interest or estate in and to the hereinafter described real property, de- fendants. State of Washington: To Harry White, A. E. Held, Seattte Savings Bank, a de- funct coporation, and Harry Clise, Receiv- er thereof; Wiley & Bostwick, Edward H. Van Ingen and David T. Leslie, co-part- ners as E. H. Van Ingen Co., First National Bank of Seattle, Washington Na- tional Bank, H. D. Wheeler, Margaret Mor- row, Libbie H. H. Wiley, as executrix of the estate of John Wiley, deceased; W. E. Meek, who are the owners or reputed own- ers of, and all persons unknown, claiming or having an interest or estate in and to the hereinafter described real property. You and each of you are hereby noti- fied that the above named plaintiff, Ellis Morrison, is the holder of two certain de- linquent tax certificates, numbered respect- ively: B10852 and B10853, issued by the Treasurer of King County, Washington, embracing the following rea property sit- uated in King County, Washington, and more particularly described as follows: Lots three (3) and four (4), all in block eleven (11) of Sander's First Addi- tion to West Seattle, King County, Wah- ington. That said certificates were issued on the 15th day of November, 1901, for the sum of $11.81 each, for the delinquent taxes for the years 1889, 1891, 1893, 1894, 1895 and 1896. That on the 15th day of November, 1901, the plaint. paid the County Treasurer of King County aforesaid on account of taxes due on said lots above described for the years subsequent to the year 1896, the following sums, to-wit: On said lot 3, block 11, 56 cents for the year 1897; 37 cents for the year 1896; 36 cents for the year 1899; 34 cents for the year 1900. On said lot 4, block 11, 56 cents for the year 1897; 37 cents for the year 1898; 35 cents for the year 1899; 34 cents for the year 1900, which sev- eral sums bear interest at the rate of 15 per cent. per annum from said date of pay- ment. You and each of you are hereby directed and summoned to appear within sixty days after the date of the first publication of this notice and summons, exclusive of the day of said first publication, to-wit, within sixty days after the 7th day of Feb., 1902, and defend the above entitled action in the above entitled court, or pay the amount due, together with the costs. In case of your failure so to do, judgment will be ren- dered foreclosing the lien for said taxes and costs against the real property, lands and premises herein named. ELLIS MORRISON, Plaintiff. BALLINGER, RONALD & BATTLE, Attorneys for Plaintiff. Office Address, 501 Mutual Life Bldg., Seattle, Wash.

23. April 25, 1902 The Seattle Republican Seattle, WA
Article from The Seattle Republican, April 25, 1902

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# IN THE SUPERIOR COURT OF THE State of Washington, for King County.- No. 34628. Notice and Summons. Ellis Morrison, Plaintiff, vs. Harry White, A. E. Held, Seattle Savings Bank, a de- funct corporation, and Harry Clise, Re- ceiver thereof: Wiey & Bostwick, Ed- ward H. Van Ingen and David T. Leslie, co-partners as E. H. Van Ingen Co., First National Bank of Seattle, Washing- ton National Bank, H. D. Wheeler, Mar- garet Morrrow, Libbie H. H. Wiley, as Executrix of the estate of John Wiley, deceased; W. E. Meek, and all per- sons unknown, if any, having or claim- ing an interest or estate in and to the hereinafter described real property, de- fendants. State of Washington: To Harry White, A. E. Held, Seattte Savings Bank, a de- funct coporation, and Harry Clise, Receiv- er thereof; Wiley & Bostwick, Edward H. Van Ingen and David T. Leslie, co-part- ners as E. H. Van Ingen Co., First National Bank of Seattle, Washington Na- tional Bank, H. D. Wheeler, Margaret Mor- row, Libbie H. H. Wiley, as executrix of the estate of John Wiley, deceased; W. E. Meek, who are the owners or reputed own- ers of, and all persons unknown, claiming or having an interest or estate in and to the hereinafter described real property. You and each of you are hereby noti- fied that the above named plaintiff, Ellis Morrison, is the holder of two certain de- linquent tax certificates, numbered respect- ively: B10852 and B10853, issued by the Treasurer of King County, Washington, embracing the following rea property sit- uated in King County, Washington, and more particularly described as follows: Lots three (3) and four (4), all in block eleven (11) of Sander's First Addi- tion to West Seattle, King County, Wah- ington. That said certificates were issued on the 15th day of November, 1901, for the sum of $11.81 each, for the delinquent taxes for the years 1889, 1891, 1893, 1894, 1895 and 1896. That on the 15th day of November, 1901, the plaint paid the County Treasurer of King County aforesaid on account of taxes due on said lots above described for the years subsequent to the year 1896, the following sums, to-wit: On said lot 3, block 11, 56 cents for the year 1897; 37 cents for the year 1896; 36 cents for the year 1899; 34 cents for the year 1900. On said lot 4, block 11, 56 cents for the year 1897; 37 cents for the year 1898; 35 cents for the year 1899; 34 cents for the year 1900, which sev- eral sums bear interest at the rate of 15 per cent. per annum from said date of pay- ment. You and each of you are hereby directed and summoned to appear within sixty days after the date of the first publication of this notice and summons, exclusive of the day of said first publication, to-wit, within sixty days after the 7th day of Feb., 1902, and defend the above entitled action in the above entitled court, or pay the amount due, together with the costs. In case of your failure so to do, judgment will be ren- dered foreclosing the lien for said taxes and costs against the real property, lands and premises herein named. ELLIS MORRISON, Plaintiff. BALLINGER, RONALD & BATTLE, Attorneys for Plaintiff. Office Address, 501 Mutual Life Bldg., Seattle, Wash.