19398. Citizens National Bank (Spokane, WA)

View Charter #4005 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4005
Charter Number
4005
Start Date
June 6, 1893
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gpt-5-mini
Short Digest
efc8e473c533ff7a

Response Measures

Borrowed from banks or large institutions, Public signal of financial health, Full suspension, Books examined

Receivership Details

Date receivership started
1893-07-01
Date receivership terminated
1893-12-21
OCC cause of failure
Losses

Description

Articles report a heavy run June 6, 1893 that forced Citizens' National Bank to close its doors (suspend). Comptroller appointed a receiver July 1, 1893. The bank was placed in solvent condition and permitted to reopen in December 1893. Later (Nov 1894) directors decided not to reopen and proceed to liquidation; ultimate permanent closure/liquidation follows, but the episode includes an intermediate reopening in Dec 1893. OCR corrections: Citizens' National appears also as Citizens' National Bank of Spokane Falls; dates inferred from publication dates and article text.

Events (9)
1. April 8, 1889 Chartered
Source
historical_nic
2. June 6, 1893 Run
Cause
Local Banks
Cause Details
Run triggered by the suspension/failure of the Bank of Spokane Falls and runs on Washington National/Washington Savings; panic spread to other local banks.
Measures
Closed doors at 2:00pm (suspended payments); officers assured depositors bank was solvent and would pay in full.
Newspaper Excerpt
This startled the public, and a run was started anew upon all banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doors at 2 o'clock.
Source
newspapers
3. June 6, 1893 Suspension
Cause
Local Banks
Cause Details
Closed after heavy withdrawals and a renewed run following the failure of the Bank of Spokane Falls; inability to obtain timely funds from money centers.
Newspaper Excerpt
At 2 o'clock the Citizens' National Bank closed its doors.
Source
newspapers
4. July 1, 1893 Receivership
Source
historical_nic
5. July 1, 1893 Receivership
Newspaper Excerpt
Comptroller Eckels today appointed J. R. Adams receiver for the failed Citizens' National Bank of Spokane.
Source
newspapers
6. December 21, 1893 Restored To Solvency
Source
historical_nic
7. December 22, 1893 Reopening
Newspaper Excerpt
The Citizens' National Bank of Spokane Falls, Washington, heretofore in the hands of a receiver, has been placed in a solvent condition, with unimpaired capital, and has today been permitted to reopen its doors for business.
Source
newspapers
8. November 22, 1894 Other
Newspaper Excerpt
The Citizens' National bank will not open for business. This decision was announced at a directors' meeting. The bank will go into liquidation. Its assets are $425,000; liabilities, $240,000.
Source
newspapers
9. December 13, 1894 Receivership
Source
historical_nic

Newspaper Articles (22)
1. June 7, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, June 7, 1893

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BANK FAILURES. Three Spokane Institutions Close Their Doors. SPOKANE (Wash.), June 6.--Three banks closed their doors to-day. They have assets largely in excess of the liabilities, and have been conducted with sound management. They were caught in a sudden whirl and flurry. The public suddenly became alarmed, and distance from the money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and Washington Savings Banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money, it failed to arrive in time. This startled the public, and a run was started anew upon all banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doors at 2 o'clock. The other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves, and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions.

2. June 7, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, June 7, 1893

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ABUNDANT RESOURCES. All Depositors Got Their Money in Chiengo-Business Failures. CHICAGO. June 6.-Notwithstanding the fact that the Illinois Trust and Savings bank kept open until three o'clock this morning togive anxious depositorsa chance to draw their funds, a new line began to form before eight o'olock this morning, and at 10, the hour for opening, between 1,200 and 1,500 people were waiting at the doors with their savings books. The crowd was several times larger than at any time yesterday. The bank is considered absolately sound. Its assets figure up to over $28,000,000 and its stockholders are estimated to be worth in the aggregate fully $160,000,000. During the time when the run on the bank was hottest this afternoon Philip D. Armour. the millionaire packer, sent out some of his clerks to bring into his office 8 hundred or more of the most excited depositors, mostly women. To these Mr. Armour made a brief speech. assuring them that the bank was all right, and adding that Amour & Co. will guarantee to each of them the full amount of their deposit. If any of them were not satisfied with this he asked them to speak up and said he would give them their money. Two women asked for the amount of their deposit and were immediately paid in gold, while the remainder of the people went away satisfied. WASHINGTON,June6.-Comptrolter Eckles said to an Associated press reporter this morning that as far as advised no national bank in Chicago had been affected by yesterday's financial flurry. The clearing house stands ready to assist its members whenever necessary. An abstract of the condition of the Chicago national banks on the date of his last call showed A reserve of 29.45 per cent. or 4.45 above the legal requiements. The total resource rre $160,864,804; surplus, $11,516,700; undivided profits, $1,596,000. POKANE, June 6.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors this morning. They were crippled by a quiet run yesterday. Both show strong assets in excess of liabilities. but could not get money in time for the sudden whirl. At two o'clock this afternoon the Citizens' National bank closed its doors. By one o'clock the runs had almost entirely subsided. The other banks stood the strain with no visible sign of wearing and since they have been strengthening themsolves and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions. BOSTON, June 6.-Potter & Potter, publishers of the :New England Magazine, the Yankee Blade, the Woman's Home Journal and other periodicals, made an assignment. The liabilities are from $75,000 to $100,000. The firm may resume. The failure WAS due to a losing business on the New England Magazine. PHILADELPHIA, June .--amuel A. Prince, the owner of the marble works here and the quarries in Rutlond, Vt., has failed. The liabilities are $100,000 and nominal assets $250,000. MILWAUKEE, June .-The State bank of this city has failed. It had a capital of $50,000 and n sarplus of $10,000. DEFIANCE, O., June 6.-The Savings bank of Andrew Sauer has failed.

3. June 7, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 7, 1893

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almost antirely subsided, but rener came too late for the Citizens' National, which closed its doors at 2 o'clock. Other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves, the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions. The officers of the Citizens' National are E. B. Hyde, president; B. C. Van Houten, vice president; A. A. Newberry, cashier. Congressman John L. Wilson, was a heavy stockholder. Mr. Hyde said tonlight that this bank would pay every depositor in full, and that enough would remain to hold the stock at a premium. The deposits at the time of suspension were slightly in excess of $200,000. while against this the bank has more than $400,000 in bills receivable. The officers of the Washington National are Henry L. Tilton, president; A. M. Cannon, vice president; F. E. Goodall, cashier. Mr. Goodall said that they would pay everything in full, and that the bank's assets are largely in excess of its liabilities. Deflance, Ohio, June 6.-The doors of the Deflance Savings Bank were closed yesterday afternoon. just before the close of business. Many of the stockholders did not know that such a step was in contemplation. The bank is the youngest in town. The assets net less than $150,000, and the liabilities are stated at $100,000. The failure is attributed to large loans made by the bank, which ties up some $127,000, leaving them too narrow a working capital. Bedford, Ind., June 6.-The community was startled this morning when the Bedford Bank failed to open its : doors. President W. J. Stanley explained that in consequence of the rey cent heavy withdrawals of deposits, $ the bank would be forced to suspend 1 for a few days. It is one of the oldest 5 and most reliable banks in the city. I Manitowoc,* Wis., June 6.-The State S bank in this city has failed. It had a capital of $50,000; surplus, $10,000. The I Manitowoc Savings bank is now experliencing a slight run. Reports from Racine say the run in progress on the Manufacturers' National bank at Madison, and the run on the First National, e have increased. Boston, June 6.-Potter & Potter, t < publishers of the New England Magazine, Yankee Blade, Woman's Home Journal, and other periodicals, have 1 made an assignment. Liabilities, $75,e 000 to $100,000. The firm may resume. S The failure is due to a losing business r e on the New England Magazine. r Spokane, June 6.-At 2 o'clock the I Citizens' National Bank closed its doors. It is impossible to get reliable S information. It is reported here on aph parently reliable authority that the t Palouse City Bank has also suspended. S New York, June 6.-A notice on e the door of the defunct Canal Street bank this morning informed a clamorh ing crowd of depositors that the bank k will go into liquidation, and that the , depositors will be paid in full. t Philadelphia, June 6.-Samuel A. n Prince, owner of the marble works e here and quarries in Ruthland, Vt., failed. Liabilities, $100,000. The noma inal assets are a quarter of a million. e t Portland, June 6.-The Virtue Mino ing Company assigned today Assets r $20,000; liabilities, $16,000.

4. June 7, 1893 The Herald Los Angeles, CA
Article from The Herald, June 7, 1893

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CAUGHT IN THE FLURRY. Three Banks at Spokane, Wash., Close Their Doors. SPOKANE, Wash., June 6. - Three banks closed their doors today. They have assets largely in excess of llabiliities and have been conducted with sound management. They were caught in the sudden whirl and flurry. The public suddenly became alarmed and the distance from money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and the Washington Savings banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money it failed to arrive in time. This startled the public, and the run was started anew upon all the banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doore at 2 o'clock. Other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves and the woret of the flurry is believed to be over, it is generally believed that there will be no more suspensions.

5. June 7, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, June 7, 1893

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Washington Banks Close Their Doors. SPOKANE. Wash., June 6.-As a result of the suspension of the Bank of Spokane Falls yesterday three other banks in this city closed their doors today. They are the Washington National, the Washington Savings and the Citizens National. A. M. Cannon, president of the National Bank of Spokane Falis, is vice president of both the Washington National and Washington Savings banks, and the failure is due directly to the failure of the Bank of Spokane Falls. There was great excitement during the first day and a run occurred on nearly every bank in the city. The Washington National has a paid up capital of $100,000, and, according to a recent statement, has deposits amounting to $326,000. The Washington Savings has a paid up capital of $50,000 and deposits amounting to about $400,000. It is believed all the banks are perfectly solvent and will resume in a few days. The Palouse City bank of Palouse City also closed its doors today.

6. June 8, 1893 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, June 8, 1893

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Latest Bank Failures. SPOKANE. Wash., June 8.-As a result of the suspension of the Bank of Spokane three other banks in this city have closed their doors. They are the Washington National, the Washington Savings and the Citizens' National. Other banks which have just suspended payment are: First National bank, of Palouse, Wash.: the Bedford bank, Bedford, Ind.; New Albany Banking company, New Albany, Ind.; the State bank, Cortland, Neb.

7. June 8, 1893 The Yakima Herald Yakima, WA
Article from The Yakima Herald, June 8, 1893

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One evening during the latter part of last week Byron Smith made application to Shardlow & McDaniel to cash a check for $30, which appeared to be signed on the face by White & Leach, the butchers. Not having that much money to spare Mr. McDaniel advanced $20 on the check. supposing everything to be all right, as Smith had been buying cattle for the firm. That was the last seen of Smith for some days. The check proved to be a forgery and uttered by Smith, who had no authority to sign the name of White & Leach. Smith was traced to Pendleton and thence to Seattle, where Sheriff Simmons arrested him on Tuesday and brought bim to Yakima for trial. The prisoner's downfall is attributed to drinking and gambling, he having recently dissipated over one hundred dollars in this manner. In conformity with the Anderson railroad bill, the Northern Pacific has issued a revised tariff sheet reducing the rates on grain, flour, feed, millstuffs, flaxseed, potatoes and onions 41/2 cents on the 10J pounds to Portland, Tacoma and Seattle, making the rate 18 cents. The tariff on hay has been reduced from 17 to 141/2 cents per 100 to Tacoma and Seattle, and a proportionate reduction to all other points in the state. Ladies, your attention is called to the Shampooing, Hair Dressing, Facial Massage and Manicure rooms opened by Miss E. G. Dunning in the large Cadwell building, where she is prepared to wait on you, guaranteeing satisfaction. She is also agent for the celebrated cosmetics manufactured by Mrs. Gervais Graham, of Chicago. The financial stress combined with the thoughtless fear of depositors caused the Bank of Spokane, the Washington National, the Washington Savings bank and the Citizens National banks, of Spokane to close their doors this week. The banks are all solvent, but at a time when securities could not be quickly realized upon they could not withstand a coninued run. Owners of alfalfa fields are busy with their cutting, which is running unusually heavy and in many cases will average 3 tons to the acre. The heaviest cutting recorded for last year was by Mr. Fender, whose 7 acres averaged 33/4 tons at the last cutting. Alfalfa is quoted at $12.

8. June 21, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 21, 1893

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BANK SUSPENSIONS. The Stringency in the Money Market Continues With Bad Results. Eugene, June 20.-The Lane county bank, the oldest financial institution in this county, failed to open its doors this morning, having become cramped by the stringency of the money market. Hovey, Humphry and Co. have posted a notice that depositors will be paid in full. No statement has yet been made as to the assets and liabilities, but depositors do not seem to have any fears, and many say that if the bank should open this afternoon they would not draw. The cashier stated in an interview today that the assets, notes and property would amount to nearly three times the liablities. No attachments have been issued and, probably, there will be none. The bank strongly asserts that it will pay every dollar to the depositors, but in order to realize on their credits at once they would be compelled to go into court and crowd their patrons. This they did not feel disposed to do, and when they failed to secure assistance from Portland and San Francisco banks, they concluded to take plenty of time to it, and let matters shape themselves when the money market should be easier. Some excitement was created on the streets and a run was threatened on the other banks, but they were fully able to pay every demand promptly. Albany, Or., June 20.-The excitement over the financial flurry has quieted down. The official statement of the suspended bank's condition will show, it is stated, assets sufficient to pay depositors every dollar. Los Angeles, June 20.-The University Bank and the City Savings Bank closed their doors this morning. The president of the City Bank says that the bank has closed temporarily in order to collect money from its loans and securities. He says depositors will be paid in full. The closing of the University Bank, which is a commercial bank, was a surprise. It has a notice on the door to the effect that depositors will be paid in full. Washington, June 20.-The comptroller today received Messrs. Newberry and Wood, of the Citizens' National Bank of Spokane, Wash., who wish to make some arrangement for reopening that bank. No agreement satisfactory to Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed. Nashua, N. H., June 20.-The Colony Manufacturing Company has failed, liabilities, $168,000, assets, about half. The company was engaged in the manufacture of woolens. Chattanooga, Tenn., a June 20.-The City Savings bank, as a result of a run, has been forced to suspend. Assets, $475,000, liabilities, $225,000. All depositors will be paid in full.

9. June 21, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 21, 1893

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ECKLES WILL NOT HAVE IT. I The Citizens' Bank of Spokane Will Hardly Resume Just Now. WASHINGTON, June 20.-The Comptroller to-day received Messrs. Newberry and Wood of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the opening of that bank. No agreement satisfactory to Eckels could be made, and the bank will either go into voluntary liquidation or a receiver will be appointed. CHATTANOOGA, June 20.-The City Savings Bank, as a result of a run, has been forced to suspend; assets, $475,000; liabilities $225,000. All the depositors will be paid in full. NASHUA, N. H., June 20.-The Colony Manufacturing Company has failed. Liabilities, $168,000: assets, half. The company was engaged in the manufacture of woolens.

10. June 21, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 21, 1893

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Will go Into Voluntary Liquidation. WASHINGTON, June 20.-The comptroller today received Messrs. Newberry and Wood of the Citizens' National bank of Spokane, Washington, who are here to arrange for reopening that bank. No agreement satisfactory to Mr. Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.

11. June 21, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, June 21, 1893

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Citizens' National Bank of Spokane. WASHINGTON, June 20.-The Comptroller to-day received Messrs. Newberry and Wood of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the reopening of that bank. No agreement satisfactory to Eckels could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.

12. June 21, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 21, 1893

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Eckels Not Satisfied. WASHINGTON, June 20.-The comptroller today received Messrs.Newberry and Wood, of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the reopening of that bank. No agreement satisfactory to Mr. Eckels could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.

13. June 22, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 22, 1893

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BUSINESS TROUBLES. The Citizens' Savings bank, of Portsmouth O., has failed. The Ellsworth Packing and Provision Com. pany. of Chicago, assigned on June 21. H. c. Tucker & Co., private bankers of But. falo, N. Y.. closed their doors June 20, Sloan, Johnson & Co., wholemale grocers of Omaha, have assigned. Liabilities, $300,000; as. sets, $250,000 The Lane County bank, of Eugene City, Or., suspended on June 20, but business mea still retain confidence in is The excitement over the Albany. Or., bank suspension is quieting down and 11 is thought the bank will pay in full. Newberry and Wood, of the Citizens' National bank, of Spokane, waited on Comptroller Eckele on June 30, but failed to come to any agreement about reopening the bank. The Colony Woolen Manufacturing Company. of Nashua. N. H., failed on June 29 with liabil ities of $168,000 and assets of half that amount The City Savings bank, of Chattanooga, Tenn, as a result of a run, was forced to suspend on June 20, with assets of $475,000 and liabilities of $225,000.

14. July 2, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 2, 1893

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An Immense St. Louis Concern in a Receiver's Hands, ST. LOUIS, July 1.-The Madison Car company filed articles of assignment in the recorder's court at Edwardsville, Ill., today. The assets are given at $918,000 and liabilities at $1,122,000, Paul A. Fusz is named as assignee. The company recently erected a large plant for the manufacture of railway cars at Madison, III., opposite this city, and has endeavored to build up a city similar to Pullman, III. The company has been in straitened circumstances for some time, and the stringency of the money market has precipitated the failure. About 690 were employed at the works. The announcement of the failure created surprise in mercautile circles in this city, owing to the fact that the stockholders of the company are all St. Louis people. Many of the stockholders are also heavily interested in the Merchants' Bridge, the Security Building and other large enterprises. The company is capitalized at $500,000,and about six months ago floated an additional bonded indebtedness of $500,000. This was used in p ying off pressing obligations. The company has done a heavy business in manufacturing railway cars and material, and it is said had some difficulty in securing payment for material and rolling stock furnished to different railroads. OSALT LAKE, Utah, July 1. - The National Bank of Commerce at Provo closed its doors this morning owing to a run caused by the failure of the First National bank yesterday. Assets, $80,000; capital. $50,000; other liabilities, $25,000. FORT WORTH, Tex., July 1.-The Exchange bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of deposits coused the suspension. PHILADELPHIA, July 1.-Executions have been issued from common pleas court on five judgments entered on judgment notes aggregating $44,842.40, against Charies Illingsworth, dealer in morocco. OMAHA, Neb., July 1.-The Nebraska National Bank of Beatrice, capital: $100,000, and the American Bank of Beatrice, a small concern, both closed their doors today. They have been in a weak condition for some time. DENVER, Col., July 1.-The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dis missed from work were paid with checks on the bank. and they are clamoring for coin. All business firms have shut down on crodit. WASHINGTON, July 1.-Comptroller Eckels today appointed J. R. . Adams receiver for the failed Citizens' National Bank of Spokane. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, and Bank Examiner Latmer to take charge of the failed Nebraska National Bank, of Beatrice, Neb. Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipsburg, Mont. He has directed Bank Examiner Aubry to take charge of the failed National Bank at Ricu, Col.

15. July 2, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 2, 1893

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MORE WESTERN BANKS CLOSE THEIR DOORS. Denver, July -The First National Bank at Rico closed Its doors yesterday, because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank, and they are clamoring for coin. All business firms have shut down on credit. GeorgeTown, Col., July 1.--Owing to the unexpected demands made during the last few days, the Bank of Clear Creek County made an assignment yesterday morning to Lafayette Hanchett. A placard was hung upon the window of the bank announcing as follows: s If conditions change so that we can obtain money on our securities, we shall resume at once." The assets of the institution are more than ample to meet very obligation. They amount to $397,000, while the liabilities are only $233,000. Salt Lake City, Utah, July 1.-The First National Bank of Provo closed its doors yesterday morning. A. O. Senoat is president, and W. H. Dusenberry cashier. The assets are $115,000, and the liabilities are the same. Inability to make collections or rediscounts is the cause of the failure. Officials expect the bank will soon resume business. Beatrice, Neb., July 1.-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. Washington, July 1.-Controller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice, and Bank Examiner Aubry, to take charge of the First National Bank of Rico, Col. All the banks are small institutions.

16. December 18, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 18, 1893

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MAKES ECKELS SICK. The Way Democratic Warhorses Beg Receiverships. HINTS FOR MR. M'NAMARA. He Can't Run Fort Townsend Postoffice as He Pleases-Little Money for surveys. WASHINGTON City, Dec. 17.-[Special.]Comptroller Eckels says the affairs of national banks in Oregon and Washington have given him more trouble than all the other states in the Union. Whenever a bank has been obliged to close its doors immediately a flood of applications has poured in upon him by mail and by telegraph for the appointment as receiver. reminding one of the turkey boxzards that gather around the carcass of a dead cow. This is the case at the present time with the Oregon National bank at Portland, which the taxpayers have closed up because it was unable to return at once all the funds of the county which had been deposited there. The comptroller had soarcely received information of the closing of the bank when the telegrams asking an appointment as recaiver began to pour in. The letters and the usual indorsements are now coming. Mr. Eckels has no end of words of praise for the people of Seattle for the manner in which they have stood together and helped each other during the financial crisis. Strong efforts have been made to bring about the reopening of the Port Angeles National bank, and the matter has been under advisement by the comptroller far the past month. He has finally decided that it would not be for the best interests of the depositors to permit the bank to re-open. The Bellingham Bay National bank of Whatcom, which has been in the hands of an examiner. and the Citizens' National band of Spokane, which has been in the hands of receiver, will be permitted to reopen for a business within a short time. A special examination of the affairs of the latter bank has just been ordered.

17. December 22, 1893 Evening Star Washington, DC
Article from Evening Star, December 22, 1893

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It is Solvent. The Citizens' National Bank of Spokane Falls, Washington, heretofore in the hands of a receiver, has been placed in a solvent condition, with unimpaired capital, and has today been permitted to reopen its doors for business.

18. November 23, 1894 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 23, 1894

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DOMESTIC DOTS, Newsy Notes From All Portions of the Land Over Which the Stars and Stripes Wave. St. Louis, Nov. 22.-The seventh national convention of the Boys' and Girls' National Home association will convene in this city December 11. and from present indications there will be a good attendance of delegates. The direct object of having delegates sent from every state is to discuss and adopt the most practical plans of municipal and social reform and agree on union laws for the consideration by each state legislature at its next session. Baltimore, Nov. 22.-W. T. Walters, the noted art collector and philanthropist, died today. New York, Nov. 22.-The flames in the afterhold of the iron steamship Alamo, of the Mallory line, necessitated her submersion today. The cargo consisted of cotton, tobacco and passengers from Galveston. Washington, Nov. 22.-The president has commissioned the following postmasters: Norman O. Byers, Santa Paula, Cal.; William L. Kearney, Santa Cruz, Cal.; Henry C. Shaver, Moscow, Ida.; B. F. Kettlewell, St. Helena, Cal. New York, Nov. 22.-A grand chess tournament is to be played by telegraph between Russian chess clubs located in European and Asiatic Russia. Each club will play two games with each other and the president of the St. Petersburg chess club will present the winning club with a silver cup. Spokane, Wash.. Nov. 22.-The Citizens' National bank will not open for business. This decision was announced at a directors' meeting. The bank will go into liquidation. Its assets are $425.000; liabilities, $240,000. This institution closed its doors during the panic of 1893. Boston, Nov. 22.-A telegram to Harvard College observatory from Lick observatory. California, announces the discovery of a comet by Edward Swift. The position of the comet on November 20, at 8:20 p. m., was ascension 22 hours, 18 minutes, 25 seconds; declination south 13 degrees, 7 minutes. It is faint, with a short tail and has a slow easterly motion. Guthrie, O. T., Nov. 22.-A call has been issued by the chairman of the Democratic territorial executive committee for a statehood convention to be held November 28, at El Reno. Wheeling, W. Va., Nov. 22.-A canvass today of Republicans elected to the legislature removes all doubt of the election of S. E. Elkins to the United States Senate. Every member from the Second and Fourth congressional districts have declared for him with over half of those in the Third and First. Louisville. Ky., Nov. 22.-Owing to a strong wind today Johnson did not make an attempt to lower any more records. The quad team, however, composed of Pat O'Connor, H. A. Seavey, H. R. Steenson and W. A. Rhodes. went out after the unpaced mile record and clipped off eight seconds from the former record of 2:02, made at Buffalo, N. Y., about three years ago. Santa Fe, N. M., Nov. 22.-Archbishop P. Le Chappelle, who is ill with pneumonia is considered by his physicians to be now out of danger. Last night he became so ill that it was thought necessary to administer the last sacrament, but he rallied tonight and is steadily improving. Sandusky. O., Nov. 22.-The United States gunboat Fesenden. Captain Hodson, was sighted off this port this afternoon and is now anchored in the harbor. She is here to investigate the alleged molestation of American fishermen by the Canadian Rampant.

19. November 28, 1894 Watertown Republican Watertown, WI
Article from Watertown Republican, November 28, 1894

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season breaks all records by 26,000 bales. -Western lines are SO unanimously in favor of a new passenger association that there is little doubt of its organization. -Government authorities have decided that it is not necessary to send troops to the Indian territory to suppress the Cook gang. -Strong competition by outside concerns may cause the whisky trust to secure more money or submit to reorganization. -New York railroad commissioners have refused permission for the building of the Amsterdam, Johnstown & Gloversville line. -The Kansas Dairymen's association, in session at Topeka, adopted a resolution protesting against the sale of oleomargarine in the state unless it is labeled and colored some color other than yellow. -Miss Laura Jordan has begun damage suits at Vincennes, Ind., against S. A. Jordan and W. S. Lane for $10,000 each, alleging that they had slandered her by accusing her of burning their mill at Decker. -The Ohio court refused to interpose against the order of the Pennsylvania court, which gave a judgment for $785 against J. S. Coxey on notes given B. M. Everson when the commonwealers were in Pittsburg. -The government has begun suit at Minneapolis against the North American Telegraph company for alleged violation of the alien labor law in bringing Miss Josie A. Phelan, an operator, from Canada to Duluth. -William Gill, sheriff of Pottawattamie county, O. T., S. J. Cott, Preston Armstrong and Daniel Brestman were arrested at Guthrie on a charge of murder due to shooting of Steve Penasaw three years ago. -Arthur Musselman of Mendon, Mich., claims that Mrs. Solomon Dill encouraged his attentions and finally proposed marriage to him, but now declares there was no engagement between them. Musselman sued for damages. -At a meeting of the state council at St. Petersburg the Czar created a highly favorable impression by a display of unexpected oratorical fluency, and his masterly grip of the political situations submitted for his judgment. -Rev. Joseph St. John, rector of Calvary Memorial Episcopal church at Saginaw, Mich., married a widow with $10.000 and property at South Bay City. She has brought suit for divorce on grounds of cruelty, and the minister has disappeared. -As a result of the crusade of Cleveland ministers against indecent pictures, attaches of the Star theater were fined $10 for displaying objectionable lithographs. -The Citizens' National bank at Spokane, Wash., will go into liquidation. Its assets are $425,000; liabilities, $240,000. The bank closed during the panic of 1893. -President Rockefeller and other officers of the Standard Oil company were indicted by the grand jury of McLennan county, Tex., and their surrender will be asked for. -Frank E. Godfrey, acting assistant superintendent of the gymnasium of the Boston Young Men's Christian union, fell and broke his neck while working in the gymnasium. -Joseph K. Emmett, the actor, and May Huggins Stevens, whose stage name is Emily Lyton Stevens, the leading lady of the Emmett company, were married at Davenport, Ia. -Friends and connections of the Barings have taken over from the Bank of England the entire amount of the remaining Baring assets. All guarantors are thus released from any further responsibility. -Representatives of all the big lumbering firms operating on the upper Mississippi met at Minneapolis and took preliminary steps in the formation of a pool similar to that recently organized on the Chippewa river. -J. S. Sanders, commander of the commonweal army from Cripple Creek, arrested at Pueblo, Col., on a charge of stealing a Denver & Rio Grande locomotive, was discharged, the railroad company withdrawing the complaint. -Ringleaders of the commonweal army, who stole a Santa Fe train at St. Joseph, Mo., were convicted there of unlawful assembly and given one day each in jail. -The will of James Hood Wright of the firm of Drexel, Morgan & Co., bankers, New York, leaves the bulk of his estate, which is estimated at $20,000,000, to his wife. -A commission from Manitoba has been sent to Duluth and Minneapolis to investigate the system of grading wheat. It is alleged that a combine has been discriminating against Manitoba wheat. -Rev. Father Ducey of New York does not recognize the right of Archbishop Corrigan to forbid the priest to attend the meetings of the Lexow committee. The matter has been appealed to Mgr. Satolli. -Herr Klesser, editor of the West German Allegemeine Zeitung, charged with libeling Marschall von Bieberstein, imperial secretary of state for foreign affairs, was sentenced to two months' imprisonment. -The grand jury has brought in six indictments in blank for offenses growing out of the recent labor troubles on the New Orleans levee-three for assault with intent to murder and one for assault with

20. March 21, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 21, 1895

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THE OFFICE DRUM WANTS. To Be Bank Examiner-The Appoint= ment of Receiver Hawkins. Washington City. March 20.-Special.The general impression on Puget sound that George Hazzard is here endeavoring to secure the Chilean mission for Henry Drum. of Tacoma. is slightly erroneous. Mr. Hazzard has not been near the state department, nor has he filed any papers there in Drum's behalf. He is, however, hard, albeit very secretly, and is urging ment bank examiner in working for Mr. as Drum, a very the his appoint- state of Washington upon Comptroller James H. Eckels told the Post-Intelli correspondent that he gencer Eckels. Mr. Mr. had Hazzard considerable correspondence with prior to the latter's coming to Washington City and that since he had been here he had been an almost daily visitor at his office. As there is no vacancy in the bank examiners either in Washor elsewhere, it in order to make a place ranks ington sary of would be for neces- Mr. Drum to displace either Examiner Cleary or Eugene Wilson. The latter appears to be the especial object at which Mr. Hazzard is aiming his little Democratic gun, and the comptroller is at a loss to know Hazzard most desires of Drum or the pointment whether removal the Eugene ap- of Wilson. Hazzard declares that is not only not a Democrat, but influence for in the Republican is Democracy Wilson a most potent evil party against of the state of Washington. Eckels has made an assessthe stockholders ment Comptroller upon of the which Citi- is zen's National bank of Spokane, now in charge of Bank Examiner Flyun, who is acting as receiver. The comptroller is trying to settle up certain matin connection with this bank and after ters this is done he expects to appoint a regular receiver, who will relieve Exeminer Flynn and continue in charge of the bank's affairs until It is all settled. F. W. Hawkins, who was recently apreceiver of the First Anacortes is said here pointed bank of to National be Eck- an out and out Republican. Comptroller that he made no inquiry whatto Mr. Hawkins' him for purely els ever pointed states as business politics, reasons. but apThe only other candidate who was really was Mr. Randolph. of Seattle, was made on considered whse application his the at that day the bank failed by friends of time in Washington City and without Bank by the as his when knowledge. asked comptroller Examiner candidates, Carson, to the respective merits of the two stated that there was nothing whatever to be said against Mr. Randolph, but that Mr. Hawkins' appointment was requested by nearly every depositor In the bank and that he believed the best Interests of those concerned would be subserved by the latter's appointment. It be also stated in this connection Hawkins was a law partner of that might former Mr. Comptroller schoolmate Hazzard of Eck- the els, which is accepted by George proof that this is not a but a personal should be as tion, Democratic, another and repudiated Republicans administra- by all good Democrats, just as the of once repudiated the administration Andrew Johnson. Comptroller Eckels has announced the following changes in officers of National banks in the state of Washington: The First National bank of Oakesdale, no assistant cashier in place of O. E. Halley: National bank of Spokane, W. D. assistant cashier; the Vincent, the Old Cash First N. Gad- National bank of Pullman, dis, cashier in place of H. G. De Pledge, no assistant in place of M. J. Chapman.

21. November 14, 1897 The Herald Los Angeles, CA
Article from The Herald, November 14, 1897

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BROKEN BANKS Indiana and Wisconsin Depositors Are the Sufferers ENGLISH, Ind., Nov. 13.-The English Bank has failed to open its doors today. Coupled with this came the report that President Willett, of the Leavenworth branch. had not been seen for three days and that his mind was temporarily unbalanced over the death of his mother. As soon as the failure became known, the bank's branches at Leavenworth, Cannelton and Marengo, also closed. Nearly every farmer and business man in Crawford and Perry counties is said to be concerned in the failure for amounts ranging from $200 to $3000 County Treasurer Brown had placed more than $10,000 with the suspended bank. No schedule of assets and liabilities can be given, but both are large. ANTIGO, Wis., Nov. 13.-The Bank of Antigo closed its doors today by order of the Board of Directors on account of irregularities in the books as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full. The extent of the irregularities is not known. LEAVENWORTH, Nov. 13.-Three banks, respectively located in this city and at Marengo and English, with deposits estimated to aggregate $160,000, have closed their doors. R. H. Willett, cashier of the parent bank in this city, and principal stockholder in the other two concerns, has left for parts unknown. His wife has received a letter from him stating that he has almost lost his mind and that he will not return to the scene of financial disaster. County officials and educational trustees are sufferers from the crash, and one death may be the direct result. Treasurer E. P. Brown of Crawford county, had upwards of $30,000 county funds deposited in the bank in this city. When told today of the failure he fainted and tonight he is in a critical condition. The revenue collected for school purposes was all on deposit in the banks and it is feared that all of the public schools in Crawford and Perry counties will have to be closed, as the trustees have lost all their money. SPOKANE-Postmaster Mallon today caused the arrest of Mayor Olmstead, A. A. Newberry, E. B. Hyde and D. F. Wetzel, all prominent citizens. They were officers and directors of the defunct Citizens' National bank, which failed with a deposit of $8,110 of postoffice money. As the bank was not a United States depository the loss fell upon Postmaster Mallon's bondsmen. He charges the defendants with taking his deposits "knowing that the bank was then and there insolvent and in failing circumstances."

22. December 17, 1929 The Spokane Press Spokane, WA
Article from The Spokane Press, December 17, 1929

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Pioneer Talks As Told to Robert Owen By HARRY GOETZ The courage and faith of the citizens of Spokane Falls met its first severe test the of Au gust 1889 that practically wiped out the town much improved and prosperous city of brick appear ed from the ruins, and under the impetits of mining lopment in Alenes, increasing set and cultivation of the farm ing lands the Inland Empire and the appearance of the lumber busi as an important the city enjoyed rapid grow and splendid prosperity for several years But the courage of the citizens and the soon to tested in the wide panic 1893. There was little in dication of impending to warn people of the financial situa tion that was near Trade and industry prospered in 1892, this prosperity being reflecte in large increase in railway freight tonnage Spokane looked forward to big year in Great North ern was completed and the public still hoped for lower rates Mining had been resumed in the Cocur Alenes an scale, and the territory to the north the neighborhood Old Dominion mine Colville booming Heavy falls promised good crops and was now being used effectively various points in Inland Empire More than million dollars had building in Spokane in 1982 including the new city hall Roller Mills the Marble Bank building erected by Cannon But Cannon had unfortunately allowed himself to be come interested in too many distant and doubtful enterprises Under the leadership of Paul Mohr. W. Durham tells us, "He had been lured into beavy ments coal mines in the Cascade portage railroad scheme around the rapids in the Columbia river above The Dalles. Mohr went east in desperate ef. fort to unload these elephants on New York and Mr. Can non, realizing the critical condition eagerly scanned his agent's ports.' Mohr failed to get aid in the and Cannon forced to ask for help from the Spokane banks After examination his affairs on the June: 1893. the Bank Spokane Falls failed to open its doors for business This news created sensation, and no blame attached to Mr. Cannon by the general public, the popular being one deep sym pathy for the kind hearted pioneer had done so much make Spokane the little city which it had become Twenty hours after the Bank of Spokane Falls closed. the Washington National and the Washing ton Savings bank suspended pay ment and hard run on the Citizen's National forced it to close its doors one hour before closing time: On July the Washington National business in quar ters previously occupied by the broken Spokane National at been side and property that had These banks disasters the remaining heavy and July the First National after on steady run of 50 days, became in solvent