19435. Bank of Tacoma (Tacoma, WA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 17, 1895
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini
Short Digest
27af96a49edd70e9

Response Measures

None

Description

Multiple articles (Aug–Nov 1895) describe a run that removed nearly all cash in mid-August 1895, the bank's assignment/closure, and appointment of a receiver (A. R. Titlow) in September. The institution is referenced as formerly the Tacoma Trust and Savings Company; I label it 'trust'. Dates are taken from article dates and text (run ~Aug 17, 1895; assignment/closure Aug 19, 1895; receiver appointment Sep 13, 1895).

Events (3)
1. August 17, 1895 Run
Cause
Bank Specific Adverse Info
Cause Details
The bank was discovered to be insolvent; steady withdrawals preceded the final run that left only $444.18 in cash.
Measures
Directors passed a resolution placing the concern in the hands of an assignee (E. S. Alexander); assignment filed and bank closed shortly after.
Newspaper Excerpt
the last straw was a run that took place Saturday, and which resulted in the withdrawal of all the cash but $444.18.
Source
newspapers
2. August 19, 1895 Suspension
Cause
Government Action
Cause Details
Directors discovered insolvency and placed the bank in the hands of an assignee; assignment filed with county auditor and bank effectively closed.
Newspaper Excerpt
the assignment of the Bank of Tacoma, formerly the Tacoma Trust and Savings Company, which assignment was filed ... The assignment of the bank was not unexpected.
Source
newspapers
3. September 13, 1895 Receivership
Newspaper Excerpt
Judge Stallcup appointed A. R. Titlow to the position [of receiver] ... That he proceed with all convenient speed to prepare and file a specific schedule of the assets and liabilities of the said bank corporations.
Source
newspapers

Newspaper Articles (20)
1. August 20, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 20, 1895

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THE BANK OF TACOMA ASSIGNS Boggs Bolstered It Up With $228,000 of City Money. Tacoma, Aug. 19.-Special.-One of the first documents filed in the auditor's office this morning was the assignment of the Bank of Tacoma, formerly the Tacoma Trust and Savings Company, which assignment was filed by Crowley & Sullivan. E. S. Alexander, who is regarded as a conservative business man, was named as assignee. W. B. Allen is president, John W. Berry vice president, G. H. Wheeler cashier. The capital stock is $120,000. The assignment of the bank was not unexpected. The bank is one of those which was bolstered up by George W. Boggs during his term of office as city treasurer. The city now appears as chief creditor, it having on deposit $228,664.77. Three of the bank directors, W. L. MoDonald, W. Burton Allen and John W. Berry, held a meeting Saturday afternoon and passed a resolution reciting the discovery of the insolvent condition of the bank, and placing the concern in the hands of Mr. Alexander as assignee. He was called in and asked to accept the charge. Mr. Alexander signified his willingness to do so. J. W. McCauley, the present city treasurer, never became responsible for the city money on deposit in the bank, Treasurer Boggs having turned it over to the finance committee. The committee has succeeded, since April last, in reducing the amount on deposit by $26,000, leaving still there $228,664.77. For this sum the city has as security notes, mortgages on real estate and stocks aggregating $157,000, and a bond given by the officers of the bank and about twenty-five others in the sum of $233,000. The city is hopeful of being able to get out of the bank the full amount of the deposits eventually, though it will be long in realizing on the collateral securities. The bank has been in a bad condition for months, but the last straw was a run that took place Saturday, and which resulted in the withdrawal of all the cash but $444.18. This le the bank's statement:

2. August 22, 1895 Aberdeen Herald Aberdeen, WA
Article from Aberdeen Herald, August 22, 1895

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NEWS OF THE STATE. Seattle has 169 manufacturing establishments, which employ 2,288 people. Stetson & Post, of Seattle, are cutting 1,500,000 cedar blocks for paving Indianapolis, Ind., streets. Hibbard & Norton, who have been employing 35 men at their tannery at Fremont will increase their capacity 25 per cent. Hop prospects around Sumner are not quite so encouraging as they were. Lack of means to properly spray seems to be the cause. The Tacoma Mill Co. leads all other mills in Washington and Oregon in the month of July, having had a cargo trade of 12,066,354 feet. Peaches ripened so fast around Wilbur that it was impossible to market them, and many were fed to the pigs. Others were dried, and some made into cider. About one hundred and fifty men are engaged in constructing the new saw mill, flour mill and electric light plant at Spokane, all of which are to be operated by water power. Lewis county hop-growers will pay from 75 cents to $1 per box for picking. In the Pupallup valley many growers will pay by the 100 pounds, a method which is meeting with much favor. State Grain Commissioner Reed estimates the grain crop of Washington this year at 65 per cent of last year. The acreage has decreased 20 per cent owing to low prices for the last crop, and the yield of the acreage now in wheat is about 15 per cent less than usual. For the first Sunday in it history, Ellensburg was a dry town last Sunday. All saloons were closed Saturday night and no door to any was open Sunday. The saloonkeepers say that if the public wants the town dry they will gladly rest one day in the seven. The movement, it is said, originated with the saloonkeepers. The Bank of Tacoma made an assignment last Monday, owing the city $228,664.77. It was a sort of an annex of the Merchants National when that bank failed two years ago, and a run was made on it at the time. Its liabilities outside the debt to the city is only about $15,000. Assets, $378,916.64.

3. August 24, 1895 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, August 24, 1895

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THE sloop Jumbo, stone laden, was sunk at Newburyport, Mass. Capt. Stephen Orr and Seaman George Welch were asleep on her and were drowned. THE mammoth Patent Steel Whip company's works in Springfield, O., were destroyed by fire, entailing a loss of $100,000. NEAR Marion, Ill., Fred Hisholn shot and instantly killed William Malke and Wiliam Read in a quarrel over a game of cards. A PLEASURE boat capsized at Ocean City, Md., and William Storr and his wife and two children and Myrtle Stevens and Lina and Lulu Hall were drowned. JOHN WALSH walked from San Fran- cisco to Boston in ninety-three days, winning a wager of $500. THE Gumry hotel at Denver, Col., crowded with guests, was demolished by a terrific explosion and it was thought that forty or more persons lost their lives. THE Ocean Bay View house at Ham- mell station, Rockaway Beach, was completely destroyed by fire. All the guests were saved. A PARTY of lumber dealers who ar- rived at l'acoma, Wash., reported an unbroken chain of forest fires from the Rocky mountains to the Pacific ocean. FIRE destroyed a block of buildings at Algonquin, III., and F. D. Kozar and his daughter perished in the flames. WEST of Orlando, O. T., Eli Bourse and his bride of two months were both instantly killed by a stroke of light- ning which wrecked their house. C. H. MITCHELL and W. B. Taylor, bicyclists, arrived in Philadelphia from Denver, Col., having covered the en- tire distance on their wheels. THE wife and little son of Arthur Francis, of Englewood, Ill., were drowned in Spring lake at Grand Haven, Mich. THE visible supply of grain in the United States on the 19th was: Wheat, 36,893,000 bushels; corn, 4,293,000 bush- els; oats, 3,634,000 bushels; rye, 304,- 000 bushels; barley, 218,000 bushels. THE Bank of Tacoma at Tacoma, Wash., closed its doors with liabilities of $379,000. FIRES during the week ended on the 17th caused a total loss of $2,670,000 throughout the country, as compared with $3,102,000 for the previous week. FURTHER advices place the number of dead and missing by the fire in the Gumry hotel at Denver at twenty-five. ARTHUR BUTLER and his brother Walter and Florence Willard and Thomas Walsh were drowned in the lake in Chicago while bathing. EXPERTS reported that the accounts of ex-County Treasurer M. W. Stewart, of Wyandotte county, Kan., were short $33,885. HEAVY marsh fires were reported in Palmyra, Hebron and Cold Spring townships, Mich. Fires were running under the sod, destroying thousands of acres of meadows. THE main part of Bingham, U. T., was burned, the loss being estimated at $200,000. Thousands of people were homeless. THE business district of Camden, Mich., was almost wholly destroyed by fire. WILLIAM BLANCHARD, a prominent farmer of Prairie City, III., having sep- arated from his wife, went to where she was living and shot her dead and then killed himself. MRS. J. LONG, living near Madison, Mo., hanged her 4-year-old child and herself. Separation from her husband was the cause. AN explosion at furnace H of the Carnegie Steel company at Braddock, Pa., killed six men, fatally injured five more, seriously burned fifteen others and destroyed $30,000 worth of prop- erty. THE Pullman company has discon- tinued the sale of wines and liquors in its cars in Wyoming rather than take out a state license. THE twenty-eighth annual Peace union opened at Mystic, Conn., and would continue four days. FIELD and forest fires were doing great damage in many parts of south- eastern Michigan, and farmers were engaged night and day in efforts to save their buildings from destruction. A STEAM yacht foundered in Lake Erie at Buffalo and seven men were drowned. A RATE war prevailed among retail druggists of Kansas City which was demoralizing the trade. JOHN WESTER HARDIN, the terror of the Mexican border, was shot and killed in a saloon at El Paso, Tex., by Constable Sellman. A. J. LUSK, who while cashier of the First national bank of Wichita, Kan., two years ago was accused of stealing $80,000, was captured near Portland, Ore. FOUR men held up a Chicago & West Michigan express passenger train near Fennville, Mich., but got only seven dollars and two silver watches. THE Buffalo (N. Y.) driving park, the mother track of the grand circuit, which recently closed its thirtieth an- nual meeting, is to be closed up and pass out of existence as a race track.

4. August 31, 1895 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, August 31, 1895

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. THE Bank of Tacoma at Tacoma, Wash., closed its doors with liabilities of $379,000. FIRES during the week ended on the 17th caused a total loss of $2,670,000 throughout the country, as compared with $3,102,000 for the previous week. FURTHER advices place the number of dead and missing by the fire in the Gumry hotel at Denver at twenty-five. ARTHUR BUTLER and his brother Walter and Florence Willard and Thomas Walsh were drowned in the lake in Chicago while bathing. EXPERTS reported that the accounts of ex-County Treasurer M. W. Stewart, of Wyandotte county, Kan., were short HEAVY marsh fires were reported in Palmyra, Hebron and Cold Spring townships, Mich. Fires were running tunder the sod, destroying thousands of acres of meadows. THE main part of Bingham, U. T., was burned, the loss being estimated at $200,000. Thousands of people were homeless. THE business district of Camden, Mich., was almost wholly destroyed by fire. WILLIAM BLANCHARD. a prominent farmer of Prairie City, III., having separated from his wife, went to where she was living and shot her dead and then killed himself. MRS. J. LONG, living near Madison, Mo., hanged her 4-year-old child and herself. Separation from her husband was the cause. AN explosion at furnace H of the Carnegie Steel company at Braddock, Pa., killed six men, fatally injured five more, seriously burried fifteen others and destroyed $30,000 worth of property. THE twenty-eighth annual Peace union opened at Mystic, Conn., and would continue four days. FIELD and forest fires were doing great damage in many parts of southeastern Michigan, and farmers were engaged night and day in efforts to save their buildings from destruction. A STEAM yacht foundered in Lake Erie at Buffalo and seven men were drowned. THE Pullman company has discontinued the sale of wines and liquors in its cars in Wyoming rather than take Ileense state R not A RATE war prevailed among retail druggists of Kansas City which was demoralizing the trade. JOHN WESTER HARDIN, the terror of the Mexican border. was shot and killed in a saloon at El Paso, Tex., by Constable Sellman. A. J. LUSK, who while cashier of the First national bank of Wichita, Kan., two years ago was accused of stealing $80,000, was captured near Portland, Ore. FOUR men held up a Chicago & West Michigan express passenger train near Fennville, Mich., but got only seven dollars and two silver watches. THE Buffalo (N. Y.) driving park, the mother track of the grand circuit, which recently closed its thirtieth annual meeting, is to be closed up and that race B SB existence JO quo ssed FOUR carpenters endeavored to extinguish a fire on a burning bridge near Coeur d'Alene, Wash., but the flames cut off their retreat and all four had to jump into a chasm 136 feet deep and were dashed to pieces. THE entire Salvation Army corps at Madison, Wis., were arrested for holding meetings in the street. DIRECTORS of the Atlanta exposition have decided to prevent the Mexican village commissioners from holding a bull fight during the exposition. THE wife of Joseph Layden, of Malden, W. Va., presented him with her twenty-eighth child. Mr. Layden is 74 years old and his wife 55 years of age. AN earthquake shock was felt at Maysville, Ky., and vicinity which scared people out of their houses. Clocks were stopped, dishes were rattled and tableware toppled over. THE People's Savings and Loan association of Minneapolis made an assignment with liabilities of $175,000. JOHN DARLING, of Bound Brook, N. J., murdered his friend, Henry Dunham, of Hornellsville, N. Y., in New-

5. August 31, 1895 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, August 31, 1895

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. THE Bank of Tacoma at Tacoma, Wash., closed its doors with liabilities of $379,000. FIRES during the week ended on the 17th caused a total loss of $2,670,000 throughout the country, as compared with $3,102,000 for the previous week. FURTHER advices place the number of dead and missing by the fire in the Gumry hotel at Denver at twenty-five. ARTHUR BUTLER and his brother Walter and Florence Willard and Thomas Walsh were drowned in the lake in Chicago while bathing. EXPERTS reported that the accounts of ex-County Treasurer M. W. Stewart, of Wyandotte county, Kan., were short $33,885. HEAVY marsh fires were reported in Palmyra, Hebron and Cold Spring townships, Mich. Fires were running under the sod, destroying thousands of acres of meadows. THE main part of Bingham, U. T., was burned, the loss being estimated at $200,000. Thousands of people were homeless. THE business district of Camden, Mich., was almost wholly destroyed by fire. WILLIAM BLANCHARD. a prominent farmer of Prairie City, Ill., having separated from his wife, went to where she was living and shot her dead and then killed himself. MRS. J. LONG, living near Madison, Mo., hanged her 4-year-old child and herself. Separation from her husband was the cause. AN explosion at furnace H of the Carnegie Steel company at Braddock, Pa., killed six men, fatally injured five more, seriously burned fifteen others and destroyed $30,000 worth of property. THE twenty-eighth annual Peace union opened at Mystic, Conn., and would continue four days. FIELD and forest fires were doing great damage in many parts of southeastern Michigan, and farmers were engaged night and day in efforts to save their buildings from destruction. A STEAM yacht foundered in Lake Erie at Buffalo and seven men were drowned. THE Pullman company has discontinued the sale of wines and liquors in its cars in Wyoming rather than take out a state license. A RATE war prevailed among retail druggists of Kansas City which was demoralizing the trade. JOHN WESTER HARDIN, the terror of the Mexican border. was shot and killed in a saloon at El Paso, Tex., by Constable Sellman. A. J. LUSK, who while cashier of the First national bank of Wichita, Kan., two years ago was accused of stealing $80,000, was captured near Portland, Ore. FOUR men held up a Chicago & West Michigan express passenger train near Fennville, Mich., but got only seven dollars and twosilver watches. THE Buffalo (N. Y.) driving park, the mother track of the grand circuit, which recently closed its thirtieth annual meeting, is to be closed up and pass out of existence as a race track. FOUR carpenters endeavored to extinguish a fire on a barning bridge near Coeur d'Alene, Wash., but the flames cutoff their retreat and all four had to jump into a chasm 136 feet deep and were dashed to pieces. THE entire Salvation Army corps at Madison, Wis., were arrested for holding meetings in the street. DIRECTORS of the Atlanta exposition have decided to prevent the Mexican village commissioners from holding a bull fight during the exposition. THE wife of Joseph Layden, of Malden, W. Va., presented him with her twenty-eighthchild. Mr. Layden is 74 yearsold and his wife 55 years of age. AN earthquake shock was felt at Maysville, Ky., and vicinity which scared people out of their houses. Clocks were stopped, dishes were rat tled and tableware toppled over. THE People's Savings and Loan association of Minneapolis made an assignment with liabilities of $175,000. JOHN DARLING, of Bound Brook, N. J., murdered his friend, Henry Dunham, of Hornellsville, N. Y., in New market, N. J., and escaped on a bicycle. IT was said that Ainsworth B. Spofford, librarian of congress, was short $35,000 in his accounts. L IT was stated at the treasury depart ment in Washington that the long-delayed world's fair medals would be ready for delivery early in September. THE Coliseum, the gigantic amusement building in Chicago, fell with a crash. It was within a week of its final completion. The loss was $125,000. JOSEPH KNEELAND, an inventor of valuable paper machines, was run over by a train and killed at Northampton, Mass. R. J. HINCHCLIFF. of Pittsburgh, Pa., coughed up a silver dime which had been imbedded in his windpipe for two years. THE New York produce exchange estimated the corn crop this year at 2,425,000,000 bushels. THE sealing schooner Walter Earle was reported to have sunk off Kodak island, Wash., and her crew of eighteen persons were drowned. GEORGE S. MONTGOMERY, of Oakland, Cal., a millionaire member of the Salvation Army, was organizing an expedition to invade Japan and Christianize the inhabitants.

6. September 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 14, 1895

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TITLOW IS RECEIVER Of Boggs' Tacoma Bank, Which Holds City Money. HISTORY OF ABERCORN'S RAILS. Gray's Harbor Fishermen on StrikeFederal Prisoners Held at Tacoma For Board BIII. Tacoma, Sept. 13.-Special.-The question of who would be appointed receiver of the Tacoma Trust and Savings bank and the Bank of Tacoma was settled this morning. when Judge Stallcup appointed A. R. Titlow to the position. Here are the instructions the court ordered: That he first file his oath as provided by statute; likewise his bond in the sum of $400000, first presenting the same to the court for approval. That he proceed with all convenient speed to prepare and file a specific schedtile of the assets and liabilities of the said bank corporations. That he recover the missing books of account of said bank corporations. That he look into the matter and see If the criminal laws of the state have been violated in carrying away or secreting any of the books or property of the said bank corporations, or in the manipulation of the affairs thereof, or of the money of the defendant city In connection therewith, by the officials of said city or the said bank and bring to the attention of the prosecuting attorney the evidences of such offense, If any there be, to the end that such offenders may be apprehended and brought to trial upon such charges as may be made. That If it becomes necessary In carrying out this order to have requisition or extradition for any who have departed from the state. then he is to report the facts relative thereto to the court that proper orders may be made touching the same. That upon the filing of said oath and bond the said defendant Alexander give and hand over to the said receiver all the books, papers, moneys and assets of the said bank corporations under his control, likewise such information, if any he may have, of any not under his control. That said receiver proceed to collect the debts owing to and all property of said bank corporations, and the said parties here and all other persons having any of said property in their possession or under their control, are hereby ordered to deliver the same to said receiver, and all persons owing or having any such money belonging to said bank corporations are hereby directed to pay over the same to the said A. R. Titlow, as such receiver on his demand. That the said receiver proceed without unnecessary delay to convert the said property assets to money and distribute the same to the creditors ratably under the orders of this court. That for any legal assistance or advice required or desired by the said receiver in the discharge of the duties of this trust he is directed to apply to Mr. Bogle or Mr. Jordan, or both, who are hereby appointed for that purpose. The city attorney was given until Monday morning to make up his mind whether he will dismiss the suit of the city against the bank or plead to the answer. The probabilities are that he will abandon the action, as all he was suing for has been obtained in the Olsen suit, and while the city has been nominally a defendant to that suit, It was no secret that the city attorney was on the best of terms with Mr. Olsen's attorneys, and he took no exception to the order of this morning, but appeared pleased with the same.

7. September 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 16, 1895

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ITS METHODSREVEALED Where the Bank of Tacoma's Deposits Went To. BOGGS' NOTES FOR $60,000. And Those of President Allen, Unsecured, for $75,000 More. Tacoma Wants a New Charter-Serious Runaway Accident at FerndaleGold Discovery in Chelan-Indian Hop Pickers Gathering at North Yakima. Tacoma, Sept. 15.--Special.-Receiver A. R. Titlow. of the defunct Bank of Tacoma, and Attorneys Bogle and Jordan, have spent a large part of today going over the books and accounts of the institution, and the deeper they dig the more astonishing the methods of the "bankers." who conducted the bank become. The receiver has figured up something over $230,000 in "assets" of the bank which may account for where a part of the city's deposit of $228,000 has gone. Besides President W. Burton Allen's note for $74,375. unsecured, the receiver will have a chance to realize on notes of the late city treasurer, G. W. Boggs, in the sum of $53,000. besides an overdraft of the same individual amounting to nearly $6,000. Three of the corporations in which Allen was interested got about $43,000. They are the Washington Land and Investment Company, Washingten Land and Improvement Company, and the Washington Lumber Company. W. J. Thompson, at one time an officer of the bank, and formerly president of the Merchants' National Bank, which has thus far paid a 10 per cent. dividend. was also president of the South Side Land Company, which is on the books of the Bank of Tacoma for $20,000. The Sayward Mill and Timber Company, of British Columbia, in which Henry Drum and P. A. Paulson were interested, are among the bank's debtors for nearly $12,000. M. Molvig. a clerk, got $9,000. The receiver has not yet got track of the $80,000 deposit of city warrants made by Boggs the day before he turned his office over to his successor. Late Saturday afternoon Assignee Alexander had his $90,000 supersedeas bond ready to file. He told the Post-Intelligencer correspondent that it had been filed. Today it developed that some of the sureties had withdrawn at the last moment. T. V. Walker, manager of the London and San Francisco bank here, has been aiding Mr. Alexander in getting bondsmen. The attorneys for the receiver state emphatically today that if they are able to secure evidence of criminal manipulation of the bank's affeairs, the offenders will be prosecuted with vigor. President Allen's whereabouts are unknown to Receiver Titlow at this time. It is said he is in Chehalis county. More sensational developments are looked for.

8. September 18, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 18, 1895

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ALLEN IN CUSTODY. President of Broken Bank of Tacoma Twice Arrested. THE FIRST TIME AT CHEHALIS. Taken to Tacoma, He Gives Ball, Comes to Seattle to Consult His Attorney, and Is Arrested Here. Tacoma, Sept. 17.-Special.-W. B. Allen, president of the defunct Bank of Tacoma, was arrested at Chehalls this morning by Sheriff Parker, of Pierce county, on the charge of receiving money at the bank when he knew it was insolvent. The warrant was served at 6:30 o'clock at the residence of Mr. Allen's father-in-law, exState Senator Henry T. Long, three miles from Chehalis Mr. Allen, accompanied by his wife and two children. and Sheriff Parker, arrived here on the Portland train at 5:30 this evening. The party was quickly driven to the court house. where the primoner was arraigned before Justice of the Peace J. L. McMurray. Quite a crowd had gathered at the court house when It became known early in the afternoon that Mr. Allen had been arrested. In the court room were a number of the banker's friends. The primoner waived the reading of the complaint. His attorney asked that the case be continued one week. so that he could communicate with counsel for the defense, and prepare the case. This the court granted. The justice fixed the amount of bond at $5,000. and It was signed by Martin A. Dillon, who was chief of police under the Rice administration, R. J. Davis. formerly assistant cashier of the Merchants' National Bank: George H. Purdon, a real estate dealer and Insurance man; F. A. Keasal, a contractor, and W. R. Brown. Dillon qualified in the full amount of the bond, Davis and Purdon in $500 each and Brown in $3,000. After the bond had been fixed. Deputy Prosecutor Davis came In and asked that hall be set at $10,000. This was denied by the court. The arrest of President Allen on a crimInal charge is the last and most sensational Incident in the failure of the Bank of Tacoma. The complaint is sworn to by P W. Tonneson, and charges that Allen recelved a deposit of $41.03 on August 12. 1895, at the Bank of Tacoma, knowing at the time that the institution was insolvent. It is believed that the attorneys for the receivers have other and graver charges to be laid against the prisoner. and that they will bring them out in due time To the Post-Intelligencer representative the prisoner said he did not wish to make any statement whatever, as to the charges against him till he had consulted his at torney. City Treasurer McCauley is the custodian of $151,000 in securities of the bank, placed in his hands by an arrangement between the finance committee and Allen a year ago to partially secure the city's deposit of $228,000. The city treasurer is keeping tight hold on them. but Receiver Titlow is making preparations to ask the court for an order to the city treasurer compelling him to turn the collateral over to the bank. The only question that will likely come up will be whether the city can realize on the securities to better advantage than the receiver. It is presumed the proceedings will be of a friendly nature. President Allen was arrested in this city at the Flyer's dock last night on the arrival of that steamer from Tacoma at 9:30 o'clock. The arrest was made by Chief Bolton Rogers and Detective Cudihee in response to a telegram from Sheriff Parker. of Tacoma, stating that he held a warrant for the arrest of W. B. Allen on the charge of receiving deposits of money while president of the bank after the bank had become insolvent. After the arrest had been made Allen was placed in the custody of Detective Wells, and while not locked up last night he was securely guarded. Allen's attorney, R. S. Jones. met him at the dock just as the arrest was made. When Allen was seen by a reporter he was seated in the rear room at police headquarters in company with Attorney R. 8. Jones. Attorney N. C. Richards, who had accompanied him from Tacoma, and Detective Wells. He appeared rather worried than cast down by the arrest. He said "The theory of my being engaged in an attempt to escape is absurd. When 1 was arrested yesterday morning in Chehalls, I was with my wife. my two little children and my wife's sister We had been down on a visit to my wife's father

9. September 27, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 27, 1895

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Brief Tacoma News. Tacoma. Sept. 26.--Special.-Rudolph Hering, the civil engineer, was in the city a few hours today. It is authoritatively announced that Mr. Hering is investigating the Take Tapps water scheme for Eastern capitalists. William McClellan today pleased guilty to grand larceny. He was one of the me who entered O'Hara's room in the Wash ington block Tuesday. Receiver Titlow has brought suit to set aside the transfer by the Bank of Tacoms of a $10,000 mortgage on the Cascade Oate meal Company's plant, to N. C. Richards, one of the bank's trustees.

10. September 29, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 29, 1895

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President Allen Accused of Abstracting Securities FROM CITY TREASURER'S OFFICE Deeds and Mortgages Not Recorded, and Now Become Worthless. A Hunter on a Seattle Sealer Kills an Indian by Mistake-MeNeil's Island People Don't Like the Penitentiary Management. Tacoma, Sept. 28.-Special.-Another sensation in the Bank of Tacoma case was sprung today by Receiver Titlow. Mr. Titdow has written a letter to the city council, in response to an inquiry from that body, relative to the condition of the $151,000 of securities turned over to him by City Treasurer McCauley. In his letter the receiver states that securities aggregating a large amount were extracted from the envelope in the city treasury, and others, some of them of doubtful value, were substituted for them by President Allen. The receiver also says that notes and deeds amounting to a considerable sum, which were held by the treasurer as trustee, were never recorded, and since their assignment to the city a year ago judgments and liens have been piled up against the property till very little remains to realize upon. The.letter was read at the meeting of the city council this afternoon, and created a marked sensation. It was referred to the city attorney to ascertain what recourse the city has to recover the amounts lost. To a man "up a tree" it looks as if the city had been shamelessly bled. As Councilman Norton says, "It's a nasty mess." Most people will agree with Mr. Norton when he says he hopes the receiver will sift matters to the bottom. Receiver Titlow estimates that about fifteen mortgages and deeds, which were receipted for by the city treasurer when the deal was made by the finance committee, were not recorded. Learning this, he at once sent them to the county auditor's office for record. He discovered, however, that much of the property in question is now beyond recovery. He enumerates enough mortgages, deeds and other collateral that were originally in the city's possession to amount to $18,450, which have either been hypothecated by Allen in the London & San Francisco bank, or assigned to other parties, and paper of doubtful value substituted for them in the envelope. In one case, a note and mortgage for over $11,000, executed by ex-City Treasurer G. W. Boggs, in the original package, were returned to President Allen: they were not placed on record at the time of the transfer, and judgments since the receipt of the note by Mr. McCauley had been rendered against Boggs, which will stand prior to the city's claim. In addition to this, there is on record a satisfaction of the mortgage mentioned, while Boggs' unsecured note is among the assets of the bank. Herman Bryer's note for $2,300. secured by mortgage, was in the original list of securities. The mortgage was not filed, and since then the property has been deeded away. Samuel Collyer's note for $3,000, secured by "stocks," was among the collateral received by the city, According to Receiver Titlow. it was returned to the bank, and ne now holds the note, but the stock is missing The receiver also says in his letter to the council that C. W. Morril's note for $600, originally assigned to the city, was given back to Mr. Allen, who pledged it to the London & San Francisco bank. The receiver further says that Mr. Allen discounted the note $100 the day the bank failed, and the balance was turned over to the London & San Francisco bank. Groups of men are discussing the latest developments in the case on the street corners tonight. Unless the unforeseen should happen the failure of the Bank of Tacoma and the dissipation of its assets, and those held by the city, will be a most important factor in the municipal election next spring.

11. October 17, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 17, 1895

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A TACOMA BANK FAILS The Commercial Asks Appointment of a Receiver. IT WILL GO OUT OF BUSINESS. The Crash Precipitated by a Demand for the City Money. Since the Bank of Tacoma Failed There Had Been Steady Withdrawals-The Columbia National and GermanAmerican Deny That the City Has Money on Deposit and Refuse to Pay Checks.

12. October 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 19, 1895

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THE TRUNK MYSTERY Did President Allen Bring Bank Books to Seattle STRONG EVIDENCE THAT HE DID. German-American Receivership Sult to Be Decided Today - Judgment Against Nelson Bennett. Tacoma, Oct. 18.-Special.-W. B. Allen, president of the defunct Bank of Tacoma, Teller Frank Carpenter and ex-Assignee E S. Alexander were on trial today before Judge Pritchard, charged with contempt of court in not delivering up the missing books of the Tacoma Trust and Savings bank to Receiver Titlow. Judge Charles Richardson conducted the case for the state, in behalf of Prosecuting Attorney Coiner. and R. Saxe Jones, of Seattle, and Crowley & Sullivan appeared for the defense. The courtroom was filled during the hearing. While the facts adduced do not throw a great amount of additional light on the case, the prosecution succeeded in establishing a nearly complete chain of evidence against at least President Allen. The most important witness was Edmund Seymour, head of the bond buying house of Seymour, Barto & Co. Mr. Seymour swore positively that on August 19, the day before the bank closed its doors, he sw Allen on an express wagon containing & trunk, being driven in the direction of the Starr-Boyd building in Seattle. The witness said he had known Mr. Allen some time, and had transacted business with him, so he could not be mistaken as to his identity. Mr. Seymour saw Mr. Allen through a window in the bank of Dexter Horton & Co. He was talking with Manager Latimer at the time. Mr. Latimer was placed on the stand, and fully corroborated Mr. Seymour's narrative. E. D. Morris, the Seattle expressman, testified that he hauled the trunk for Mr. Allen to the office of Attorney Jones, in the Starr-Boyd building. as related in his afidavit. The efforts of the attorneys for the defense to confuse the witness were unavailing. Mr. Jones asked the miness if he wasn't the Morris who sole the billiard balls from the White House. An objection from Mr. Richardson was sustained, but the witness answered: "No, sir." By Mr. Jones-Didn't you tell Mr. PhilHps and Mr. Wells. last Sunday night, It man met this was 2 o'clock when (Allen)?" "No. sir." Examined as to the kind of trunk, witness said it was a common, ordinary trunk. covered with leather and rounding on top. On re-direct examination Morris was asked to detail in full what occurred between himself, Phillips and Wells at Seattle: He said: "Sunday night Mr. PhilMps came to me and said he wanted to know If I wouldn't go down to the wine rooms with him. I went. There he was waiting for another gentleman; Mr. Wells, I believe. They kept asking me questions about the trunk until I got tired and told them I must go: that I had to tend to my horse. They wanted me to stay longer, and just then that man over there," (pointing to Attorney Richards). "came in and talked to me about it. He said to me: 'Don't you know what you have stated to three of us is a lie?" I said: 'No, 1 didn't.' He said to me: T'll send you to hell or further,' or something of that kind." Mr. Richards was formerly secretary 01 the Bank of Tacoma. Bookkeeper Molvig was placed on the stand. and testified to a. discrepancy in the warrant account on the bank's books amounting to $22,000. W C. Chidester. who has examined the books, testified that there were small forced balances. The janitor of the Washington building, where the bank was located. testified that a trunk was missing from Grattan Wheeler's room. Mr. Wheeler was formerly the bank's cashier. Near the close of the session the prosecution asked Teller Carpenter to take the stand. Mr. Carpenter objected, saying he did not wish to be a witness for the prosecution. The court sustained Carpenter's attorneys in their arguments, and the case was continued till tomorrow. As yet the attorneys for the defendants have given no hint of what they expect to prove. No explanation of the trunk mystery has yet been offered by Allen, who will probably be called upon to say what its contents were

13. October 22, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 22, 1895

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# ALLEN DIDN'T KNOW. Remarkable Ignorance of Bank of Tacoma's President. # THE JUGGLING OF WARRANTS, Some Vanished, Some Were Sold, Some Given to Mayor Orr to Use as Collateral for a Loan. Tacoma, Oct. 21.-Special. The last witness in the case of the state of Washington vs. W. B. Alien, E. S. Alexander and Frank Carpenter, charged with contempt of court in not delivering the missing books of the Tacoma Trust and Savings bank to Receiver Titlow, was examined in Judge Pritchard's court this afternoon, and the arguments were begun by the attorneys. These will probably be finished tomorrow, and the court is expected to render an immediate decision. The most important evidence in the case was unearthed at today's hearing. From the testimony of Accountant Chidester and the books of the Bank of Tacoma, it was proven that the warrant account was short $22,750.14 when the bank failed. Bookkeeper Molvig swore he had received no consideration whatever for his note of $8,000, which was found among the "assets" of the bank, and which was entered on the books June 26, 1894, the same day that the warrant account showed that $8,000 of Boggs' warrants had been sold. But the most remarkable testimony given was suppiled by Mr. Allen himself. Throughout the case Judge Pritchard has shown a desire to have the whole truth brought out about the significant disappearance of the bank's books, and when Allen was on the stand Judge Charles Richardson, who is conducting the case for the state, was allowed to go into a great many of the matters relating to the disposition of the $212,000 of city warrants deposited by Boggs just before he went out of office April 16. 1894, and the dissipation of the Bank of Tacoma's assets. Mr. Allen's answers to the interrogatories of the attorneys were very unsatisfactory. He did not know anything about the entries on the books in the warrant account, particularly the one showing that $8,000 worth had been sold. Mr. Allen admitted that he had been East in the summer of 1894, and that he had taken city warrants to sell. He couldn't remember, however, how much he sold, or to whom, or, in fact, anything tangible about the transactions in which he himself was most interested. He did admit, however, that he sold something over $20,000 of warrants through agents, but he told the court he didn't remember who his agents were. To nearly all the questions of Judge Richardson Mr. Allen would answer: "I don't know," and this reply was returned to the probing inquiries of the attorney about the entries on the bank's books and the business transactions they represented. To the inquiries of Judge Pritchard, Allen said he had made diligent efforts to know where they were. He did not have any hand in their disappearance, he said. Mr. Allen was asked about an expense item of $1,000 in favor of himself, evidenced by a credit slip dated July 10, 1894, He said he knew nothing about it. He also denied any knowledge of an expense item of $4,649, and another slip which showed that $1,000 had been paid to Attorney Jones. Mayor Orr furnished one of the sensations of the day. Mr. Orr went on the stand and told how he had gone to the Bank of Tacoma for an accommodation in June last. Mr. Allen told him he could not supply him with cash, but would give him collateral on which perhaps he could raise a loan. Mr. Orr said that in pursuance of Mr. Allen's offer he received general fund city warrants amounting to $464. He had borrowed the money, said the mayor, and had paid off the note, and had returned the warrants that day to Mr. Allen's attorney. The note had been paid ten days ago, but through an oversight he had failed to return the warrants to Mr. Allen. When the mayor finished his testimony Attorney Sullivan, for Mr. Allen, delivered the warrants into the hands of Receiver Titlow. Messrs. Alexander and Carpenter both went on the stand and swore they knew nothing of the whereabouts of the stolen books. The books of the Bank of Tacoma in Receiver Titlow's hands contain many glaring irregularities and forced balances, conspicuous among them being an entry of three warrants which were missing when the receiver took charge. The numbers of these warrants were entered on the page, although this was not the custom of the bank's bookkeeper. The account was charged $360.40, the numbers being 6,450, 10,239 and 10,234. These warrants were returned to the receiver today by Allen's attorneys, to whom they had been given by Mayor Orr. No. 6,450 is for $200, 10,239 for $388.61 and 10,234 for $70.31, making the total $658.92, as against $360.40, as charged on the books. It is not believed the defense has strengthened its case by the production of these warrants, as they do not correspond with the amounts of the missing warrants on the books, being in excess thereof. Judge Richardson's opening argument for the state was a masterly arraignment of Allen and methods by which the Bank of Tacoma was wrecked. The greatest interest is manifested over the outcome of the case, around which hangs the whole Boggs warrant muddle.

14. November 9, 1895 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, November 9, 1895

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# NELSON BENNETT'S DEBTS. Tacoma "Ledger" Mortgaged and Hotel Stock Hypothecated. Tacoma special to the Seattle Post-Intelligencer: The Ledger Publishing company, the Tacoma Hotel company and Lottie Bennett, garnishee defendants in Col. F. D. Heustis' suit against Nelson Bennett, filed answers late this afternoon. The Ledger company's answer says it owes Bennett $35,299.19 on notes and open accounts for money advanced by Bennett for valuable consideration and for use in business. Two notes were executed by the corporation to Bennett on April 26, 1893, one for $12,000 and the other for $14,466.81. Another note, executed Aug. 27, 1894, is for $5,533.19, and the open accounts amounts to $3,300. The answer states further that all of the said notes were secured by a chattel mortgage executed by said garnishee defendant by Mr. Bennett; further, that all of the above notes and indebtedness, with securities therefor have been by Bennett sold and assigned to the Bennett National bank, of Fairhaven, to secure a debt of Mr. Bennett to the bank of $15,000. Further, the answer states, that at the time of the garnishment the stock books of the corporation showed only one share of stock in Bennett's name. The answer of the Tacoma hotel states that 4,960 shares of stock, of the par value of $100 each, stand in Nelson Bennett's name on the books, and that all of it has been by Bennett hypothecated as security for his debts to divers persons and corporations, among them H. L. Achilles, trustee of the Tacoma clearing house, 700 shares, A. R. Titlow, receiver of the bank of Tacoma, 1,000 shares. The other shares are held by parties unknown to garnishee defendant, the hotel company. Both answers are sworn to by Henry Blackwood, secretary of the corporations and Mr. Bennett's private secretary.

15. November 11, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 11, 1895

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Tacoma, Nov. 10.-Special.-Secretary H. L. Votaw, of the Tacoma school board, was a witness before the Lexow committee of the Chamber of Commerce last tight. He was requested to give the committee information relative to the Columbia National bank, and the city deposits therein. Mr. Votaw was a member of the finance committee of the council in 1894, which accepted a settlement with the Bank of Tacoma by which the latter was granted a year's time to pay up the city's deposit of $250,000. The committee also had supervision of Treasurer McCauley's deposits in other banks, and Votaw obtained his election as secretary of the school board through the influence of Maj. Oliver, who is president of the school board and of the Columbia bank. President M. M. Taylor also worked with President Oliver in Mr. Votaw's interest, and the latter was asked to throw light on Taylor's relation with the bank. The Investigating committee is still camping on the trail of dishonest officials in and out of office. It has made a strong effort to get information relative to the wrecking of the Bank of Tacoma on which to base criminal proceedings, but owing to the loss of the books of the Tacoma Trust and Savings bank, its predecessor, the committee as yet has been unable to prosecute the guilty parties. One member of the committee tonight offered to pay a large sum for the recovery of the missing books. It is believed that a large amount of city warrants deposited by Boggs, and which made up the city's credit in the Bank of Tacoma, are held by officials of the bank, or their agents, who have so far failed to dispose of them. The stolen books would thrown light on this matter. Another difficulty confronting the committee is the réluctance of witnesses to swear to information which they give, owing to the fact that many prominent men here might be implicated. Special Examiner A. D. Lynch, who is here by order of Comptroller Eckels to make a special report on the Columbia bank fallure, is expected to advise his chief as to the latitude the receiver should be allowed in giving information to the Taxpayers' league, which the Lexow committee can use in prosecuting criminals. The committee hopes to get at these matters soon.

16. November 22, 1895 The Seattle Post-Intelligencer Seattle, WA
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BENNETT'S NOTE TO BOGGS. Tacoma Bank Receiver Wants to Sue for the Full Amount. Tacoma, Nov. 21.-Special-Receiver A. R. Titlow, of the Bank of Tacoma, has asked leave of the superior court to file an amended complaint in his suit against Nelson Bennett to recover $6,500 balance on a note. Mr. Titlow states in an affidavit that the credits on the note, which was drawn originally for $10,000, amounting to about $5,000, were made by the transfer of capital stock in the bank by Mr. Bennett to the bank. This was done in February, 1894, and the receiver alleges that the bank at that time was insolvent and the transfer therefore void. Permission was given to amend the complaint, and the receiver will sue for the full amount of the note.

17. December 4, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 4, 1895

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ON CITY'S $228,000 DEPOSIT. The Bank Put Certain Securities in Treasurer McCauley's Hands, But Was Permitted to Secretly Withdraw Some of the Collateral, Including Notes of Cavender, Chairman of Council Finance Committee-Were Councilmen Bribed ! Tacoma, Dec 3. Special.-Things are coming rather hard for Councilman C. A. Cavender, of the Second ward. Today Chairman Leo Roys. of the Lexow committee of the Chamber of Commerce, filed charges against Mr. Cavender with the cityn clerk similar to those filed by the constituents of Councilman Buiger. The document filed today alleges that Mr. Cavender is guilty of gross incompetency and neglect of duty and of conduct unbecoming a member of the city council The new complaint against the representative of the Second ward goes fully into matters connected with the Bank of Tacoma, in which the city had $228,000 when it failed. Much that has already been pub. lished regarding the financial committee's arrangements with President W. B. Allen whereby the bank was given a year's time to pay up. is included in Mr. Roys' charges. This compact between the city and the bank was made September 1. 1894. and by its terms the city was barred from commencing suit against the bank or taking any steps to close it until the expiration of a year. In consideration of this agreement, the bank turned over to City Treasurer J. W. McCauley, as trustee, $151,000 worth of securities to be held as collateral for the deposit. and executed a bond signed by the directors and stockholders of the bank. Two weeks before the expiration of the year the bank assigned to E. S. Alexander, which assignment was subsequent ly set aside and A. R. Titlow appointed recelver Mr. Roys' complaint alleges, after reciting the above facts: "That W B. Allen, representing the Bank of Tacoma, entered into this agreement with the finance committée. of the city upon the distinct understanding and further agreement that the collateral which was to be turned over by the bank to the city should be inspected and its contents known only to Cavender and the city treasurer. It was further understood and agreed that after the collateral had been so inspected by Cavender and McCauley, that it should be put in an envelope, sealed up. placed in the vault of the city and there remain intact until the expiration of the year. Cavender nevertheless, contrary to the distinct understanding and agreement had between the finance committee and the Bank of Tacoma in relation to the collateral. permitted, sanctioned and aided the bank to secure from the city treasurer a certain portion of the collateral which had been deposited with the city as aforesaid, amounting to many thousands of dollars, without any consideration being given to the ity for the relinquishment of the collateral security to the bank that he also aided and assisted theMankthprocuring certain othen of the collateral from the city treasurer and substituting in lieu thereof entirely new and different collateral from that which was originally taken: that some of the collateral taken by the bank was realized upon by the bank and the money collected went to the use and benefit of the bank. That among the collateral turned over by the bank to the city was certain collateral which the firm of Cavender & Fowler had given to the bank as collateral security for loans that Cavender permitted. aided and assisted the bank in procurIng the Cavender & Fowler collateral from the city treasurer. and permitted said bank to substitute other collateral in lieu thereof that E. V. Benham, city comptroller. frequently requested Cavender to permit him to examine such collateral securities in the performance of his duty, in order that he might have a clear understanding of the financial condition of the city, but that Cavender wholly failed. neglected and refused to allow the comptroller or any other office save the treasurer of the city to see the collateral or to know the contents thereof There are many facts connected with this agreement that not stated in either the Roys complaint or that filed yesterday by H C Baker and other residents of the Fifth ward City Treasurer J W McCauley had a hand in framing the agreement. and when it was submitted the council for tication it bore Mr McCauley's name one of those who had made the arrangement. as well Mcnames of the finance Mr. Cauley stated at the time that after the had practically failed to secure the sort of agreement it wanted from the bank. he took a hand in the gotiations and they were subséquently closed on the lines above given Mr. McCauley individually was made trustee for the bank with the city, and the envelope containing the securities placed in When the bank was closed and the of its became known. Cavender and McCauley disagreed as the the oral agree ment by which President Allen was lowed access to the envelope and permit the change to ted saw Neither wanted to assume sponsibility for the by the bank got back large of stead its and paper valuable little that the of important Another brought not is charges 1 tee finally bank held was members. the For offered

18. February 4, 1896 The Seattle Post-Intelligencer Seattle, WA
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THE TACOMA HOTEL DEBTS. Bank Receiver Titlow's Charge Against Nelson Bennett. Tacoma, Feb. 3.-Special.-Receiver A R. Titlow. of the Bank of Tacoma, toda: filed a petition for leave to intervene in the recent suit brought by Robert Wingate receiver of the Merchants' National bank to enjoin and restrain the Tacoma Hote Company from disposing of any of its property, and to declare void a certain chatte mortgage executed by the company to F. D. Heustis for $27,500. Mr. Titlow alleges that the Tacoma Hote: Company is not indebted to Mr. Bennett in $200,000, the amount of the claim Mr. Bennett assigned to Mr. Wingate, or any other sum, and claims the assignment by Mr. Bennett to his wife of $27,500 of that indebtedness is simulated, fictitious and fraudulent. The allegation is also made that just prior to the assignment by Mr. Bennett to Receiver Wingate the former stated to him: that the Tacoma Hotel Company owed no debts except a mortgage on its real estate for $90,000 and a small outstanding indebtedness of $5,000 or $6,000 for taxes, and possibly a trifling sum for other current bills. Mr. Titlow says further that notwithstanding the pledges of the stock Mr. Bennett still retains the voting power as stockholder, and the present board of trustees and officers were elected at his dictation, and that the company is dominated and controlled by Mr. Bennett, and in consequence is making no defensé whatever against Mr. Wingate's claim or the other claims.

19. March 4, 1896 The Seattle Post-Intelligencer Seattle, WA
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Light on Certain Tacoma Bank Methods Tacoma, March 3.-Special.-In the suit of the receiver of the Bank of Tacoma vs. N. C. Richards, over the Cascade Oatmeal Company's $15,000 mortgage, the following letters by Grattan H. Wheeler and N. C. Richards have been introduced in evidences "New York, March 28, 1895. Dear Allen . and Richards: Parkinson called this morning before I arrived at office, Says he will be back this afternoon. Do not know what the East River bank said to him. There is one thyria he is a if he can get thozbank syferences, wo care lei him under (in You must be having a. h-1 of a time. The following was received this morning: 'Are you authority for Ledger charge that News blackmailed banks out of $1,000? Answer fully. W. A. Ryan, Manager News.' To which I made no answer at all. Have instructed all in the office If any reporters call for me to tell them I am in New England, and will be for two weeks or more, By the time the fools get through there will not be enough of Tacoma left to find its location on the map. I only hope things will continue until we get everything in shape here, and then they can all go toa warmer climate. Yours, GRATTAN."

20. October 15, 1897 The Corvallis Gazette Corvallis, OR
Article from The Corvallis Gazette, October 15, 1897

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SOME COMPARISONS THE SHOW REPORTS OFFICIAL DIFFERENCE IN THE TIMES. Cleve Under the First 60 Days of the tho Country Panic land-Wilson Low Tariff McKinleyConfident Was in a Tariff the Country Dingley Correspondent. the E. F. PARBONS, Special C. The close of of Washington, of D. the operations im- the sixty days and the business every first tariff law are vigible in sugnew which time have provements during that of the conditions the two gested direction a comparison months in question date in during those of the corresponding Cleveland admin- free the first which with year of the time the President istration, during elected with its attrade congress, just beginning which the Cleveland, was protective system re-estack Dingley upon the law sixty days ago to Sep tablished. periods from 1893 July 24 and 1897, respectively, IS it and business tember The two 24 in the present years a marked contrast pcsconditions records as to to obtain from upon this sible data bearing interesting. from of the and some now especially data gathered picture The following presents official reports of the year ended 1893 corsixty-da the period two months just portion of the which both as to the of the president to administration year and respond the period and also proximity Failure tariff Week legislation: ending Mont., July 24, National 1893 their doors; Bank of Bozeman, Denver banks closed in other western four suspensions failures in Milwaukee banks; cities; bank two bank numerous other fails, capi Commercial bank and runs on Bank of failures Denver at Vernon, capital tal.$250,000 and Knoxville, of Tacoma, Tenn. Wash also Texas, failure $200,000; of failures $200,000; Bank, capital Falls, Mont. and Fla., Orlando, in National banks at Great capital $200,000 of work manufactories sections. Nation In suspension reported ending from all August N. and H., Week bank at Manchester, fail, cpaital $500,000; at Spokane, al dianapolis, First Ind. National $250,000; Bank ten in one failure Wash., of capital day (July 27), in failures suspend bank Kanbanks $2,000, Montana, 000; Illinois, Hamp capital New num South Dakowashington, large sas. Texas, correspondingly and suspensions Col1893shire, business August 8, ber Week of ending Provision Deal houses and lapse of Chicago of commission of El Paso, many failures of National National bank bank National of San bank failure failure of failure of conin Texas; Texas; Ind; fifty- -third begin McKinley Antonio, of Muncie, special session to law. Week the gress destruction deek ending meets of August the 1893-Enpolice; meeting police; counter socialists of between averted Anarchists by failure New broken York of National up by of failure New York Hindman, Pa. Wash. susbank at at Tacoma, establish National announcepension of numerous of the currency primente ment by in comptrollection during and the year 560 that 155 National had failed railroad receivers vate banks August 28; August for Northern New inding during & Akron Reading, & West England Pacific, and Pittsburg, ap receivers Cnicago, ern. Septembewinconsin Railroad Central, Cleveland, Terre Can railroads. pointed and for St. Louis, and Evansville of & roads in ton & Peoria Southern The mileage receivers during onethe Haute the hands of 25,375, nearly United of year the year placed 1893 all was the indebtedness lines in $1.212, there $17,033.00. to States seventh and their During the $346, were 16,115 liabilities mercamounting the bank suspen on cal volving 00. During were made as high at the as 72 per cent of sions 779,889.0 of N. July, Y. loans Stock Exchange reviv the The following statements industries detember during of of manufact ufacturing following period the the first the sixty Dingley days law, similar the second dates term, in ghow year ing of the between present sponding months The Brad the contrast of the corresprint administration and those preceding follow are 1897 e of statementinancial the pred which Journal: 24, workmen industries; street's Week ending July resume work resumes Bigelow in at 900 Carpet hands; iron Co. at Packer thousand thank steel Clinton, Mass. Colliery work Co happened Pa., O.,Buggy & Q. Co. work 1.000 hands; men; C. of hands at resumes, full 400 complement shops for first Tradesmen time ports railroad iron fur several large resuming Ills. in its years; number work; McKen- resume, Patnaces in Works, Joliet, at silk mills, wages na Steel spinners increase Pittsburg N. 20 per re400 hands; J., receive cent.; Ind., in hands; erson, from Glass 5 to Co., Kokome, Jones & Laughlir 3,500 Iron Works, Maine Central Plate sumes, 800 Pittsburg, railroad resumes increase 1897-Tod wages hands; of employes. ending July 31, 'o., resume concerns Week Youngetown of and work; resume Ala. eggemer, work; Form in Connecticut furnaces at resume Birmingham work N.J. Mills, Passaic, cent in deand Algonquir Besse wages Woolen 10 Co. to announces 15 per meet increases Atobison Railway new cars to W O. mands ability of to ending supply shippers. 7, 1897 Mfg work; 2,000 Week Co., Cleveland, hands; sign Va. Rolling Car resumes Mills, resumes, of Louisiana advance