19381. Security Savings Bank (Seattle, WA)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
savings bank
Start Date
December 10, 1893
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
292296df32f07098

Response Measures

None

Description

Articles (Dec 1893 onward) report the Security Savings Bank of Seattle temporarily suspending payment while officers decide to liquidate (Dec 10, 1893). A receiver was appointed Dec 12, 1893, and subsequent reporting describes embezzlement by the president (J. K. Edmiston) and liquidation proceedings. No independent contemporaneous run is described; the bank suspended and entered receivership and liquidation.

Events (3)

1. December 10, 1893 Other
Newspaper Excerpt
This Institution and Walla Walla Savings Bank Will Go Into Liquidation. The officers ... have decided to liquidate its affairs and terminate its business. ... The partial failure of the wheat crop in Eastern Washington and the connection of the Security bank with the Walla Walla bank are the reasons given ... (Dec. 10, 1893).
Source
newspapers
2. December 10, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers decided to liquidate; cited connection with the failing Walla Walla Savings Bank and partial failure of local wheat crop; later reporting reveals the president's large overdraft/embezzlement linked to insolvency.
Newspaper Excerpt
Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business.
Source
newspapers
3. December 12, 1893 Receivership
Newspaper Excerpt
Judge Osborn yesterday appointed H. H. A. Hastings receiver of the Security Savings bank on petition of J. K. Edmiston, its president, and A. C. Marconnier. Hastings' bond of $50,000 was approved and filed upon his appointment. (Dec. 12, 1893).Β  (Note: receiver appointment reported Dec. 12, 1893.)
Source
newspapers

Newspaper Articles (13)

Article from The Seattle Post-Intelligencer, December 10, 1893

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THE SECURITY SAVINGS BANK. This Institution and Walla Walla Savinge Bank Will Go Into Liquidation. The officers of the Security Savings bank, of which J. K. Edmiston is president, have decided to liquidate its affairs and terminato its business. Mr. Edmiston is at present in Walla Walla, looking after the interests of the Walla Walla Saving bank, of which institution he is also president, and which will likewise go out of business. Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business. The cashier of the bank states that the deposits are small, not aggregating over $30,000, and that all depositors will be paid in full. The Seattle clearing house offered to furnish the money and liquidate the bank at once, but their offer was declined, the officers preferring to close out the business themselves. The partial failure of the wheat crop in Eastern Washington and the connection of the Security bank with the Walla Walla bank are the reasons given by the officer for winding up the affairs of both institutions.


Article from The Seattle Post-Intelligencer, December 12, 1893

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# Railroad and Corporation Notes. Supt. Kline, of the Lake Shore road, went up the line on the Sumas branch yesterday to inspect weak spots on the line. Forty-three of the fifty-one shingle mills along the line of the Lake Shore road are running, but not up to their full capacity. The daily output is about twenty carloads. The Chicago & Eastern Illinois railroad has been sold to the Big Four, giving the latter an independent entrance into Chicago. The transfer is to be made February 1. Judge Langley has ordered Receiver C. M. Sheafe, of the Washington southern Railway Company, to file a final report on or before December 15. The report was to have been filed yesterday, but was not ready. A receiver has been appointed at Madison, Wis., for the Wisconsin Iron and Lumber Company and the Minnesota & Wisconsin Railroad Company. Ex-senator D. M. Sabin, of Minnesota, is at the head of both companies. The application for a receiver was an amicable arrangement. The aggregate indebtedness is $135,000. Judge Hallet, of the United States court at Denver, has appointed Frank Trumbull receiver for the Union Pacific, Denver & Gulf road. Trumbull is one of the directors of the Denver Tramway Company, in which Gov. Evans and his friends in the suit are the principal owners. The appointment is a victory for Gov. Evans and the other plaintiffs. Judge Osborn yesterday appointed H. H. A. Hastings receiver of the Security Savings bank on petition of J. K. Edmiston, its president, and A. C. Marconnier. The reasons given in the petition for the bank's closing are the same as published in the POST-INTELLIGENCER Sunday, with the exception that the Walla Walla branch is not mentioned. Hastings' bond of $50,000 was approved and filed upon his appointment.


Article from The Seattle Post-Intelligencer, December 31, 1893

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Another Warrant Out for the Walla Walla Banker. SUICIDE AT PORT TOWNSEND. The Seal Agreement Between England and Russia Continued. School Director Hatten, of Anscortes. Thrifty Business Man but a Poor Speller-Large Decrease in the Metal Production of Idaho. / WALLA WALLA, Dec. SA-A warrant was today issued for the arrest ot J. K. Edimiston on a charge of embezzling $30,000 from the defunct Walia Walla Savings bank. Edmiston was president of the bank and also of the Security Savings bank, Seattle, which suspended the same day. The statement of the receiver shows that Edmiston's personal overdraft was $30,501, and that the Security bank owed the suspended bank $33,899. Edmiston was arrested a week ago today at Seattle on a charge of receiving deposits for the Walla Walls bank when he knew it to be insolvent. Upon being brought back here he gave the $2,000 bond required and departed last Tuesday morning. saying he was going back to Heattle. It has since been learned that he has not been sera in that place.


Article from The Seattle Post-Intelligencer, January 31, 1894

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Shore injunction. Railway Company et aL-Suit for THE BLOTTER. CRIMINAL DEPARTMENT-HUMES, J. Webb & Company Vs. A. J. Baker-Jury verdict of $732 in favorjof plaintiff In re petition of Frank Dupree for writ of 31. habeas corpus-Se: for hearing January 0.8. Paulson vs. Hattle Paulson-Decree of divorce; granted. Philip Eckers vs Mary Eckert-Default; signed. J. B. Tarleton V3 John Collins-Continued. Jacob Bersch vs Rosetta Bersch-Decree of divorce: granted. CIVIL DEPARTMENT-OSBORN. 1. T.J. Jones et al vs. L. Lagisquet-Jury verdict of $25 in favor of plaintiff. Lilly, Bogardus & Company vs. S.S. Waitz et al.-Judgment of $111.96 on verdiet; signed. H. J. Croffut V8, H. F. Phillips et UIDefault and judgment in sum of $291.65; signed. Anton Osten et al. vs. Gustave Winehill et al.-Statement of facts; settled and signed by Judge Ballinger. Crescent Creamery Company vs. Schwabacher Bros. & Company-Stipulation of dismissal; signed. A. C. Marconnier et al. vs. Security Savings bank-Notice to creditors given. A. A. Denny et al. vs. W. P. SaywardOn trial. Petition of Sunny Luckey for writ of habeas corpus-Petition granted and prisoner discharged. EQUITY DEPARTMENT-LANGLEY. 3. John H. White vs. J. W. Gilson et UXDefault and decree; signed. H. D. Longaker vs. Joshua Audette et al.-Order of sale; signed. W. W. Dearborn et ai. vs. Washington Savings bank-Order granting receiver permission to pay sheriff's fees; order granting receiver permission to receive and remit money due on guaranteed bonds, Pitkin Brook Company vs. E. Lobe Company-Order appointing G, H. Randell receiver and approving bond. Puget Sound National Bank vs. Samuel Levy et al.-Application for temporary injunction: submitted. J. B. Hewett et ux. vs. Puget Sound Shore Raiiway Company-Restraining order set for hearing February 2. State of Washington ex rel. J. M. Wolfe vs. J. T. Ronald, as mayor-Order allowing writ of prohibition to issue to show cause on February 2at 2 p.m. why defendant should not desist from acts complained of. State of Washington ex rel. Jesse F. Cochrane vs. J.T. Ronald, as mayor-Same action. PROBATE DEPARTMENT-LANGLEY, J. Estate of Jennie McH. Brown-Petition for letters of administration: filed. Estate of Ellen L. Jacobus-Decree approving final account and discharging administrator. Estate of F. A. Gardner-Order approving bond of administrator.


Article from The Seattle Post-Intelligencer, April 8, 1894

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Courts and Public Offices. Oscar G. Heaton yesterday applied for admission to the bar of the superior court. Judge Humes appointed W. H. Thompson, Dexter Sapp and J. F. Hale a committee to examine the applicant as to his qualifications. Judge Osborn yesterday fixed the compensation of H. H. A. Hastings, receiver of the Security Savings bank, at $200 a month, and also allowed him to pay clerk hire, rent and insurance premiums out of the funds on hand.


Article from The Seattle Post-Intelligencer, May 13, 1894

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THE BLOTTER. CRIMINAL DEPARTMENT-HUMES, 3. State vs. Adolph Krug-Extension to time as agreed by counsel to file proposed statement of facts; signed. Neise Peterson vs. Kent Mill CompanyDefendant's motion to retax costs; granted to $10 attorney for justice court. State vs. Albert Johnson-Arraigned; pleads not guilty; trial set for May 23. State vs. Frank Jennings-Arraigned; given until Monday to plead; trial set for May 22. State vs. Jacob Rickles-Receivingstolen property; arraigned; pleads not guilty; trial set for May 22. Mary C. Calkins va. A. L Calkins et al.Defendant ordered to withdraw exhibits; signed. Fred Taylor vs. Leslie W. Gale, administrator - Judgment dismissing action; signed. CIVIL DEPARTMENT-OSBORN. J. Upham Bros. & Co. vs. Tokias, Singerman & Co.-Order publishing depositions. James Shields vs. C. C. Berg-Judgment $88.20; signed. State Vs. Bert Pell-Petition for reform school; granted; sentence withheld. Globe Tailoring Company V5. Duncan et al.-Demurrer to second amended complaint; sustained; order; signed. A. C. Marconnier et al. vs. Security Savings Bank-Motion to require receiver to pay taxes; granted. Seattle National Bank vs. Martin SheaMotion for judgment; continued by agreement. Hopkins vs. Snyder-Bond of defendant; fixed in sum of $300. A. P. Hotaling Co. vs. T. A. Dereg et al. -Continued by agreement to May 22. Charles B. Grant vs. Mert Dishon-Continued by agreement to Jue 5. T. L. Williams et al. vs. Pacific Manufacturing Company-Order to show cause; set for hearing in equity department May 18, 2 D. m. George Fowler vs. Anton Miller et ULJudgment on verdict; signed. PROBATE DEPARTMENT-LANGLEY. J. Estate of Hiram C. McLaughlin-Order fixing May 25 for hearing of administrators' account. Estate of Alice Jordan Blake-Order fixing May 25 for hearing petition for letters of administration. In matter of adoption of Laura Murphy -Decree of adoption and change of name from Laura Murphy to Laura Kingston.


Article from The Seattle Post-Intelligencer, June 14, 1894

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# The Bank Answers. In the suit of Charles E. Cotting et al. on notes and mortgage against the Rainier Avenue Electric Company and others, the Seattle National Bank, of Seattle, yesterday filed its answer to the complaint and cross-complaint of the Seattle National Bank against the plaintiffs and the defendants, Rainier Avenue Electric Railway Company, Security Savings Bank, of Seattle, H. H. A. Hastings, receiver of the Security Savings bank, J. K. Edmiston, George F. Edmiston and W. H. Gleason.


Article from The Seattle Post-Intelligencer, June 30, 1894

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# Bright Eyes, fixing July 27 for hearing of annual account. Estate of Fred R. Bullock-Petition for letters of administration; order fixing July 13 for hearing. Estate of Mary E. Dutton-Transcript of will and probate; petition for probate and for letters of administration; order fixing July 13 for hearing. # CRIMINAL DEPARTMENT-HUMES, J. F. C. Hadley vs. George D. Hadley-Divorce; decree; defendant in default: $50 attorney's fees; $500 alimony at $10 a month, and custody of child. State vs. J. G. Brentwell-Killing deer; bench warrant returned; excuse satisfactory; case continued to September term; $200 personal recognizance. Mira Rutley vs. Thomas Rutley-Divorce; defendant in default; decree granted for non-support. State vs. William A. Wilcox-Permit to prosecuting attorney to take files; signed. Christine Jager vs. T. George Jager-Divorce; cause, desertion; defendant in default; child given to mother. State vs. Caddie Johnson-On appeal; larceny: verdict guilty as charged. # EQUITY DEPARTMENT-LANGLEY, J. Frances Jackson vs. Frank Crawford et al.-Continued to July 6. MacDougall & Southwick Co. vs. Bennett & Hull Furniture Company-Order extending time for presentation of claims to receiver; signed. Dornbecker Furniture Manufacturing Company vs. Bennett & Hull Furniture Company et al.-Order of default of Bennett & Hull Furniture Company, H. F. Bennett and H. J Hull; signed. A. C. Marconnier et al. vs. Security Savings Bank-Order permitting Scottish-American Manufacturing Company to sue H. H. A. Hastings as receiver; signed. P. J. Primrose vs. H. B. Leed et al.-Order of default; signed. Anna B. Harrington et vir. vs. E. W. Johnston et al.-Plaintiff's bill dismissed and injunction dissolved. W. W. Dearborn et al. vs. Washington Savings Bank-Order allowing additional claims; signed. Insurance Company of North America vs. John Lemon et al.-Order striking third paragraph of reply; signed. # CIVIL DEPARTMENT-OSBORN, J. John H. Bryant, receiver, vs. F. N. Price -Sealed verdict for defendant. First National Bank of Mount Vernon vs. Seattle & Montana Railroad Company et al.-Judgment against P. D. Burk in sum of $358.32; signed. Rainier Power & Railway Company vs. M. M. Holmes-Findings of facts, conclusions of law and judgment in sum of $200; signed. Frye-Bruhn Company vs. Romano Quagliotto-Order permitting filing of amended complaint; signed. C. M. Sheafe, receiver, vs. P. C. Richardson et al.-Jury waived; judgment for plaintiff in sum of $150 and interest. A. Kirschbaum vs. James Atkinson-Submitted on briefs. C. A. Riddle, receiver, vs. Daniel Jones -Demurrer as to first and second affidavit of defense; sustained; demurrer as to third; overruled. Puget Mill Company vs. Megrath & Collins-Stricken from trial calendar. Mitchell, Lewis & Staver Company vs. London-Lancashire Insurance Company et al.-Order of dismissal as to Imperial Insurance Company; signed. Hattie B. Haven vs. Herbert Haven-Transferred from criminal department; findings for defendant.


Article from The Seattle Post-Intelligencer, March 28, 1895

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# THE KRUG SURETY SUIT. Questions at Issue Between Trustee Perkins and North End Bank. The trial of the suit of C. G. Perkins, trustee for Krug's sureties, against the North End bank and the city of Seattle, which has occupied Judge Osborn's attention for two days, was brought to a close last evening and taken under advisement by the judge. The suit is one asking to be subrogated to the rights of the city against the funds in the North End bank. After the settlement between the city and the sureties on Krug's bond Krug assigned all of his right, title and interest in and to all securities which he held to the sureties, and the sureties appointed C. G. Perkins as their trustee to sue and collect and distribute the amounts collected to the parties entitled to the same. The plaintiff claims that the sureties settled with the city, and for that reason the sureties are entitled to be subrogated to all the rights of the city. The North End bank and the city both claim that the contract made with the sureties by the city had been complied with, in this: That the statement of the amount in the National Bank of Commerce was in reality more than the amount actually credited to the city upon the books of the bank, the discrepancy being about $1,100. The city claims that the credit given in the Security Savings bank was a fraudulent one, and that Edmiston, who was one of the sureties, in reality had no account with the Security Savings bank, and that the credit given the city upon the books of that bank was fraudulent. The city filed its claim against the Security Savings bank for something over $7,000 with the receiver, and the claim was rejected. The defense was based upon the theory that before the sureties upon an obliga-tion of this character can be subrogated to the rights of the creditor the whole of the debt must have been paid and the contract fully complied with. The plaintiff claims that the sureties did comply with the contract, and hence the litigation.


Article from The Seattle Post-Intelligencer, February 9, 1896

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Court Notes Confirmation of sale of real estate: Anna Sophia Brygger vs. W. H. Taylor, executor. In the case of Harris Elster vs. the City of Seattle, Judge Humes yesterday allowed the motion for a new trial. In the case of Ira Scott, receiver, vs. G. E. Hallock, the statement of facts was yesterday settled before Judge Osborn. By consent of parties, Judge Humes yesterday granted a new trial in the case of John Langston vs. J. Eugene Jordan et al. In the case of A. A. Denny vs. Joseph W. Wilkinson et al., the default of the defendants was entered yesterday by order of Judge Langley. Judge Langley yesterday ordered a default to be entered as to dΓ©fendant Peter L. Leeber in the case of F. D. Chamberlain vs. James Parker et al. A judgment was entered by Judge Osborn yesterday in the suit of H. H. A. Hastings, receiver, vs. J. R. Braeffle in favor of plaintiff for $78.46. In the case of A. C. Marconnier vs. the Security Savings bank, the first and second reports of the receiver were yesterday approved by Judge Osborn. The case of Frederick Taake VS. the Singer Manufacturing Company was yesterday settled and dismissed in pursuance of a stipulation between the parties. In the case of Frank Stossel et al. vs. A. T. Van de Vanter, the defendant and intervening defendants, Knapp, Burrell & Co., have filed motions for a new trial. Deputy United States Marshal Emory McGinnis, of Whatcom, was in the city yesterday, settling up matters connected with the sale of the steamer Island Belle. In the case of W. L. Whitney, jr., vs. John Tiernann et al., the default of defendants John Tiernann and Anna Ebinger was ordered entered by Judge Langley yesterday. Marriage licenses were issued to the following: Peder Anderson and Ellen Mary Neilson, both of Seattle; Rufus Johnson, of Douglas City, Alaska, and Nellie Shearer, of Seattle. An order was entered by Judge Osborn yesterday in the case of J. H. Wright vs. the Great Northern Railway Company, directing the removal of the cause to the United States circuit court. In the matter of the estate of J. E. Ralph, an insolvent, the order discharging the assignee was vacated, and the case set for hearing on Friday, February 14, on exceptions to the receiver's report. The following persons were naturalized in the superior court yesterday: Paul N. Hendrickson, a native of Russia: Hans J. Hansen, a native of Denmark; Christian Nelson Lohndorff. a native of Germany; Olaf August Anderson, a native of Sweden. In the case of Ruth A. Robbins vs. Mary E. Jones et al., the demurrer came up for hearing before Judge Langley yesterday. The demurrer not being filed, the defendant was ordered to file it instanter. As this was not done, an order of default was granted. In the case of Thomas Leathorm vs. James Neally. the defendant. having answered, admitting part of plaintiff's claim to be correct, Judge Humes yesterday ordered the defendant to pay the plaintiff that portion of the claim admitted, the sum of $339.75. Judge Osborn yesterday overruled the motions for a new trial in the cases of Gund vs. City of Ballard; Dexter Horton & Co. vs. M. L. Baer et al.: Fred Taake vs. City of Seattle: MacDougall & Southwick vs. Jacob Furth et al.: O. W. Lynch vs. Jacob Furth et al.: Seattle Hardware Company vs. Jacob Furth et al. mL. Infort of the in the 0000


Article from The Seattle Post-Intelligencer, March 7, 1896

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# LEGAL NOTICES. IN THE SUPERIOR COURT OF THE state of Washington, for King county. H. H. A. Hastings, as receiver of the Security Savings Bank, a corporation, plaintiff, vs. Lydia H. Kellogg, Timothy Kellogg, defendants. Summons for publication. The state of Washington to the said Lydia H. Kellogg and Timothy Kellogg, defendants above named: You and each of you are hereby summoned to appear within sixty (60) days after the date of the first publication of this summons, to-wit: Within sixty (60) days after the 22d day of February, 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 complaint, which has been filed with the clerk of said court. The object of the above-entitled action is to obtain judgment against the defendant, Timothy Kellogg, for the sum of $675 and interest upon the note given by him to the plaintiff, and for the costs of this action, including an attorney's fee of $100; also praying for a decree establishing and foreclosing a certain mortgage given to secure the payment of the above indebtedness, and recorded in the mortgage records of the auditor's office of King county, state of Washington, in volume 104, on page 75 thereof, and describing and cover-ing the following lands, situated in said county, to-wit: Lots numbers one (1), five (5) and six (6) in block number twenty-four (24), in Sander's Supplemental Plat, an addition to the city of Seattle: also praying that in said decree the interest of each of the defendants in and to said property be declared junior, inferior and subordinate to plaintiff's interest therein, and that the equity of redemption of each of the defendants be forever barred and foreclosed, and for general equitable relief. HASTINGS & STEDMAN, Plaintiff's Attorneys, P. O. Address: 64 Haller Building, Seattle, King County, Washington.


Article from The Seattle Post-Intelligencer, February 4, 1897

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agreed on being $875,000. of which all has been paid save the balance of $10,000 now sued for. Order of default was signed yesterday by Judge Moore in the case of the German Savings and Loan Society V8. Addis E. Knight, Grace Knight and Lydia Johnson. Judge Moore yesterday signed a decree giving the National Bank of Commerce judgment by default for $4,580 against D. K. McDonald, with foreclosure OR fortythree lots in Montrose addition. On petition Judge Benson authorised the receiver of the Security Savings bank to accept $175 in full settlement of the note given by J. A. Kelso and J. R. Broeffle as trustees of the Methodjst Protestant church of Columbia. Articles of incorporation were filed yesterday for the Seattle Wharf and Land Company; term, fifty years; capital stock, $5,000, in 500 shares of $10; trustees, C. B. Bussell, E. V. Bussell and Victor Hugo Smith; office, Seattle. Articles of incorporation were filed yes. terday for the Kent Agricultural Company, for a term of fifty years; capital stock, $10,000, in $1.00 shares; trustees, Dennis Mullen, Edward Brady and A. E. Gardner; office, Seattle. Articles of incorporation were filed yesterday for the Mayflower Number Four Gold Mining Company, for a term of fifty years; capital stock, $1,000,000, in $1 shares; trustees, C. H. Daughton, I. P. Calhoun, J. A. Baillargeon, 3. M. E. Atkinson and F. A. Bell; office, Seattle Judge Jacobs yesterday signed judgment for $26.05 in favor of A. G. Lincoin against Charles H. Baker, receiver of the Merchants' National bank, the amount of costs and expenses of the receiver's suit against Lincoln in which the jury had brought in a verdiot for Lincoln, Judge Moore yesterday confirmed the sale of real estate in the case of Daniel K. Tenney vs. Mary L. Hanson et al. The property was the northeast and northwest quarters of the southeast quarter of section 6, township 22 north, range 3 east. It was bid in by the plaintiff January 22 for $3,850.30. The complaint in the sult of the FryeBruhn Company vs. Sophie Cole and Sam Cohn, proprietors of the Royal restaurant, was issued and served more than a month ago, but was filed only yesterday. It asks for judgment for $547.33, balance due on meat account between January 1, 1895, and August 31, 1896. Articles of incorporation were filed yesterday of the Martin Creek Mining Company, for a term of fifty years; capital stock, $1,000,000, in $1 shares, all to be delivered to the owners of the Jim Hill and J. Gould mining claims; trustees, William Frankfurt, H. R. Clise and Thomas Wilson; office. Seattle. The property involved in the foreclosure suit of William F. Taylor vs. William R. Brawley et al., filed yesterday, is lots 1, 2 and 3," block 29, Bell & Denny's first addition. The mortgage was given to secure a note for $3,000, dated June 27, 1894, and signed by William R. Brawley, Gertrude F. Brawley, D. C. Brawley, Ella R. Brawley. Judge Moore yesterday signed an order of judgment and foreclosure for $1,368.95 in favor of the Scandinavian-American bank against Sophie Wegener and O. F. Wegener. the amount being the principal and interest of an $1,100 note, dated May 14, 1892, and the mortgaged property consisting of nine tots in block 63, Collins' addition.


Article from The Seattle Post-Intelligencer, July 14, 1897

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# A Compromise Settlement. H. H. A. Hastings, as receiver of the Security Savings bank, yesterday filed a petition for leave to compromise certain promisssory notes held among the bank's assets. It appears that in January, 1883, William L. Stirling and Thomas Carmichael executed three notes, two for $5.00 each and one for $2.625. One of these was acquired by the Walla Walla Savings bank, and after a receiver had been appointed for that institution suit was