19454. Traders Bank (Tacoma, WA)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Start Date
July 21, 1893
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini
Short Digest
711e3c4358875410

Response Measures

None

Description

The Traders' Bank suspended July 21, 1893 after steady heavy withdrawals (described as a run/withdrawal drain), reopened Jan 24, 1894, then suspended again May 19, 1894 with a receiver appointed and ordered to liquidate. Thus a run led to suspension, the bank reopened, but subsequently suspended and was placed in receivership and liquidated โ€” overall closure after initial run and reopening. OCR corrected apostrophe in bank name; dates derived from article dates.

Events (6)

1. July 21, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady drain/heavy withdrawals reduced deposits dramatically (described as heavy withdrawals and steady drain since October).
Measures
Bank closed for payments (suspended); no special emergency measures reported in articles.
Newspaper Excerpt
As a result of heavy withdrawals, the bank suspended, remaining closed until January 24 last, when it reopened.
Source
newspapers
2. July 21, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to procure ready money after a steady drain of deposits (heavy withdrawals since prior October).
Newspaper Excerpt
The Traders' Bank of Tacoma failed to open for business this morning. The bank's suspension is due to its inability to procure ready money. ... deposits of the bank have by a steady drain been reduced since October over 80 per cent.
Source
newspapers
3. January 24, 1894 Reopening
Newspaper Excerpt
The Traders' bank, which suspended July 2, will open its doors tomorrow morning. President Fitch says arrangements have been completed whereby the bank will open with increased strength, and every depositor who desires his money can have the same on presentation of his claims.
Source
newspapers
4. May 19, 1894 Receivership
Newspaper Excerpt
Just previous to the opening of the Superior Court ... Trustees ... requested the court to appoint a receiver for the Traders' Bank of Tacoma. The court appointed Leonard Howarth... The bank will liquidate.
Source
newspapers
5. May 19, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
After reopening, deposits fell from about $150,000 to $55,000; trustees applied for receiver and decided to liquidate due to inability to sustain operations.
Newspaper Excerpt
The Traders' bank of Tacoma suspended payment this morning and a receiver was appointed. This bank failed last summer and reopened a few months ago.
Source
newspapers
6. July 10, 1897 Other
Newspaper Excerpt
The Traders' bank of Tacoma has paid another dividend of 20 per cent, which will make 75 cents on the dollar thus far paid by the receiver.
Source
newspapers

Newspaper Articles (21)

Article from The Portland Daily Press, July 22, 1893

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Article Text

Creditors",Meetings. BOSTON, July 21.-The creditors of C. M. Howard, boot and shoe manufacturer of Lynn, with retail stores at New York, Philadelphia and Chicago, held a meeting today. The committee reported liabilities of $80,000, assets $36,446. Mr. Howard offered five cents in 30 days and 60 cents in 90 days. The creditors voted to accept the proposition. The meeting of the creditors of Alfred Clapp & Co., lumber, was held today. A statement showed liabilities of $87,000; assets nominally $48,000. The creditors appointed a committee of investigation. Two More Banks in Trouble. WASHINGTON, July 21.- The comptroller of the currency has been informed that the Farmers' National bank of Henrietta, Texas, has failed and that the Traders' bank of Tacoma, Wash., has suspended. New York Banks All Right. WASHINGTON, July 21.-The official statement of thecondition of the national banks in New York city at the close of business July 21, shows total resources of $538,037 745. The reserve held in the banks is 25.30 per cent. Comptroller Eckles states the New York city banks are in excellent condition. Capt. Thacher Lied. WASHINGTON, July 21.-Secretary Carlisle returned to Washington this evening. When shown a despatch from Denver crediting Captain Thacher with saying that after personal talks with the President and Secretary Carlisle he had been assured by them that they would not try to secure the unconditional repeal of the Sherman law, Mr. Carlisle said he made no such statement to Capt. Thacher, did not know him, and had never had such a conversation with him.


Article from The Times, July 22, 1893

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BANK FAILURE IN MILWAUKEE. Assignment of the Commercial Bank. Other Failures Reported. MILWAUKEE, WIS., July 21.-The people about the court-house were thrown into a state of consternation about 10:30 o'clock this morning, when an attorney jumped up the stairs, two steps at a time, leading to the clerk's office and filed a voluntary assignment of the Commercial Bank. This haste was owing to a number of creditors hard on his heels who had attachments and executions to file. The assignee appointed in the papers filed is A. B. Geilfuss, the cashier of the bank, and his bond is placed at $1,200,000. The bondsmen are Albert Conro, Charles F. Pfister and E. Mariner. The entire fund of Mllwaukee county, amounting to $310,624 vas deposited in the Commercial Bank. The newly-organized Milwaukee Electric Rallway Company was also a depositor to the extent of $200,000. During the financial flurry a month ago, caused by the Lappen failure and which resulted in the suspension of the Plankinton Bank, there was quite a run on the Commercial, but it has been generally believed that the institution would weather the storm. As there has been no trouble here for some time the assignment this morning was a great surprise. WARRENSBURG, MO., July 21 The Johnson County Savings Bank suppended yesterday. TACOMA, WASH.. July 21.-The Traders' Bank of Tacoma failed to open for business this morning. The bank's suspension is due to its inability to procure ready money. Its securities are sufficient to pay all obligations and leave a large surplus. Without any run or excitement the deposits of the bank have by a steady drain been reduced since October over 80 per cent.


Article from Richmond Dispatch, July 22, 1893

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Telegraphic Tersities. The Commercial Bank of Milwaukee, Wis., has made an assignment. The Johnson County Savings Bank, Warrensburg, Mo. suspended Thursday. The Bank of Crested Butte, Col., has closed. Assets, 865,000 : liabilities, $35,000. The Campbell Lumber Company, Can. ton, O., assigned yesterday for the benefit of creditors. The Traders' Bank, of Tacoma, Wash., failed to open for business yesterday morning owing to its inability to procure ready money. The cruiser Detroit was placed in commission at the Norfolk navy-yard yesterday and the gun-boat Machias at Ports. mouth, N. H. Mrs. William F. Patrick, daughter of the late William G. Brownlow. of Knoxville, Tenn., died yesterday afternoon after a prolonged illness. Vice. President Stevenson and party visited the points of interest at San Francisco yesterday, and at 2.30 in the afternoon took a train for Monterey. A colored woman and her two children were smothered to death in a tenementhouse fire early yesterday morning in the colored quarter of Savannah, Ga. Harry Hill, of Atlanta, charged with forgery and against whom additional warrants were sworn out after he had been released on bond, surrendered yesterday. Mail advices from Mazatlan, Mex., on the Pacific coast. are to the effect that yel. low-fever has made its appearance there, and that many deaths from the disease are reported daily. The Cairo (III.) harbor.boat A. Egans, belonging to the Cairo City Company, broke in two and sank in the Mississippi river at Greenlest's Bend Thursday night. Insured for $10,000. A dispatch from Rome states on good authority that there 18 no cholera at Napies. The dispatch adds, however, that there are several cases of suspicious sickness at Cueno, fifty-five miles southwest of Turin. The miniature battle-ship Bancroft arrived at Annapolis yesterday and was transferred to the charge of Superintendent Phythian. of the Naval Academy, for use in the practical instruction of cadets in the arts of modern warfare. Governor Lewelling, of Kansas, denies the report that he ordered Major- General Percy Daniels, of the State Guard, to goto Pittsburg and assume command of the troops to be sent there to prevent riots and violence among the striking coalminers. The Dutch steamer P. Caland, reported towed into Queenstown by the British steamer Damara, with a broken shaft, will be towed to Rotterdam for repairs. The passengers embarked on a Cork steamer for Millford, and will travel overland to Holland. A Branford (Fla.) special says the negro convict who criminally assaulted and murdered the 9-year-old daughter of Carr Elliott. in Lafayerte county, last week. was lynched Thursday night on the spot where he committed the crime by a mob numbering between three and four hundred. The negro confessed that he was guilty. M. Ducret. editor of the Paris Cocarde, who was arrested on a charge of complicity in the forgery of certain docu. ments alleged to have been stolen from the British Embassy in Paris, was yesterday committed for trial, Norton, the mulatto who furnished M. Ducret with the documents, being committed also on the charge of having forged them.


Article from The Morning Call, July 22, 1893

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CAUSED NO EXCITEMENT. A Receiver Appointed for the Suspended Traders' Bank. TACOMA, July 21.-By order of the Superior Court A. G. Foster WAS to-day ap. pointed receiver of the Traders' Bank. which has suspended temporarily. The chief cause was the continued withdrawal of deposits of October. During this time deposits decreased from $960,000 to $170,000. Negotiations are pending for a loan in New York, and word was received this afternoon that it would probably be successful. If so the bank will resume immediately. otherwise just as soon as cash can be realized on the bonds and other securities. President Fitch and Receiver Foster both say the assets will pay every obligation and leave a large surplus. The annual statement of the bank's condition on May 1 makes this showing: Resources-Loans on real estate, $5355; loans on personal securities, $1,035,729; due from banks, $33,605; cash on hand, $85,737. Total resources, $1,224,138. The liabilities are: Capital stock, all paid, $500,000; undivided profits, $58,276; certificates of deposit, $354,288; individual deposits, $203,047; deposits of banks, $108,526. Thereare sixtyfive stockholders of the bank, among them being Henry A. Strong, president of the Eastman Kodak Company of Rochester, N. Y., who is the largest, and John D. Rockefeller. The suspension caused no excitement, and no runs on other banks are anticipated.


Article from The Seattle Post-Intelligencer, July 22, 1893

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Traders' Bank, of Tacoma, Suspends. TACOMA, July 21. - [Special.] - The Traders' bank did not open its doors this morning. Previous to the usual hour notice was posted that the bank had suspended payment. Later A. G. Foster was appointed receiver on the application of L B. Lockwood, who alleged that a check for $50 presented by him at the bank had not been paid, and that the bank was insolvent. 7 The Traders' bank has been considered one of the most reputable in the state, its trustees being Col. C. W. Griggs, George Browne, of the St. Paul & Tacoma Lumber Company: Henry Hewitt, jr., Dr. H. C. Bostwick, H. A. Strong, of the Eastman Manufacturing Company, of Rochester, N. Y., which manufactures the kodak camera; Paul Schulze, general land agent of the Northern Pacific: A. N. Fitch president, and H. L Achilles, cashier. President Fitch says: "The temporary suspension is due to our inability to realize readily on our securities. which are ample. The bank will reopen." Ii is generally believed that the suspension will be for a short time only. The bank. when able to realize on securities, will andoubtedly pay every depositor in full and have & large surplus.


Article from The Sun, July 23, 1893

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Western Banks that Are Closed. GREELEY. Col., July 22-The Union Bank made an assignment yesterday morning to James F. Benedict of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditors take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. TACOMA. Wash., July 22.-A. G. Foster was appointed receiver of the Traders' Bank yea. terday. President Fitch states that the assets will pay all the obligations and leave a large surplus. Henry A. Strong of Rochester. N. 1.0 and John D. Rockefeller were the largess stockholders. It is expected that the bank will resume soon. TOPEKA. Kan., July 22.-The First National Bank of Anthony closed its doors yesterday and posted up notice of assignment. Its ase sets are $154, 000 and liabilities $50,000. RUSSELL. Kan., July 22.-The First National Bank of this place closed this afternoon. and was taken possession of by C. M. Sawyer on order of the Comptroller of the Currency. No statement is made. WASHINGTON. July 22.-The Comptroller has appointed William A. Rice receiver of the Puget Sound National Bank of Everett. Wash., and Mr. George 8. Hoffmann receiver of the Bozeman National Bank. Bozeman. Mont.


Article from The Daily Morning Astorian, January 25, 1894

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WILL RESUME BUSINESS. Tacoma, Jan. 24.-The Traders' Bank, suspended last August, will resume business tomorrow.


Article from The Seattle Post-Intelligencer, January 25, 1894

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Traders' Bank to Reopen Today. TACOMA, Jan. 24.-The Traders' bank which suspended July 2, will open its doors tomorrow morning. President Fitch says arrangemente have been completed whereby the bank will open with increased strength, and overy depositor who desires his money can have the same on presentation of his claims. "Four of our trustees," said Mr. Fitch, "Col. C. W. Griggs, Henry Hewitt, jr., Henry A. Strong and George Browne, have put up out of their private funds ample security to meet every possible contingency, and there never was any question about depositors receiving the face value of their deposits."


Article from Idaho County Free Press, February 9, 1894

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SHI 40 SMIN The Colgate rescue party has returned The deep snow drove them back. The world's sugar plantations produce every year 6,000,000 tons of sugar. One county in New Jersey sends New York ten car loads of lettuce a Waterville has offered the Great North ern line. a graded right of way for a branci About $10,000 worth of opium is to be house. sold at the Port Townsend custor Fifteen offers have been received fo bonds. Spokane's proposed issue of municipa The Traders' bank of Tacoma, whic business. suspended last August, has resume Goldsmith & Co., clothiers of Spokane assigned Saturday. Assets are $41,000 liabilities unknown. Burglars drilled a hole into the safe the Dallas, Oregon, postoffice Monda night and secured about $600. The Congress mine, near Phoenix Ariz., which has been idle a year more, has been bonded for $1,000,000. Ex.Governor Campbell, of Ohio, made an assignment. Senator Brice John R. creditors. McLean are among the heavier During a quarrel in Chicago Wedne day, Patrolman Bacon shot and kille Police arrested. Officer Charles Arado. Bacon Jacob A. Anderson, a Scandinavia fell f-om the gang plank of the steam Oklahoma, below Portland, Friday, was drowned, The number of pensioners on the December 31, last, was 130 more the the 1st of July, and the number of pending, 711,150. R. H. Ormsbee, the well known ney of Waitsburg, Wash., is lying us more sureeds st H 'III Revously tack of pneumonia. At Mesa City, A. T., Sunday, W. Burton committed suicide by takir B u! | affair was the cause. George W. Eckles, a capitalist of nix, Ariz, was thrown from his buggy few days ago and died Thursday concussion of the brain. 63 Fred Sumner and Anton Mattens are under arrest at Port Townser charged with manufacturing and lating counterfeit money. The French government has given tice of an intention to levy an increase the import duty on wheat to 7 franc p and on flour in proportion. An electric car jumped the track = San Francisco Saturday The car crowded and four passengers received juries that may result fatally. Charles Owens is under arrest at ton, Mo., charged with murdering JC wife and child, and then burning house over them to hide the crime. S The comptroller of the currency declared a first dividend of 20 per for the creditors of the insolvent o ston tana. National bank, Livingston, Nathan R. Jones, who was 80 beaten by a robber. died in Portla Thursday night. Charles Davey, charged with the crime, will be held & murder. Jack Decker, son of a wealthy farm shot and killed J. M. Dunkin, a nent merchant of Hancock, Mo., day. The killing was the result of 0 PIO According to the Baltimore "Sun," University of Maryland law school bating society decided in favor of the gle-tax, after a debate led by a stude not yet 21. u W. W. Walker, a well known busine man, of Jackson, Mo., and his wife poisoned Tuesday night. Both are It is supposed the poison was admin tered in coffe. O The Spokane Chronicle is being for $20,000 damages by John H. Hayn who is aggrieved at a part he was in a sensational story last July. trial uo " Case or D. E. Judson, glove manufacturer


Article from The Wichita Daily Eagle, May 20, 1894

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TACOMA BANK CLOSED. TACOMA, Wash., May 19.-The Traders' bank of Tacoma suspended payment this morning and a receiver was appointed. This bank failed last summer and respened a few months ago. It is said all depositors will be paid.


Article from The Morning Call, May 20, 1894

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CLOSED FOR LIQUIDATION. This Time the Traders' Bank Will Not Resume. Tacoma, Wash., May 19.-Just previous to the opening of the Superior Court this morning an application was filed in the clerk's office by Trustees George Browne and Henry Hewitt Jr., requesting the court to appoint a receiver for the Traders' Bank of Tacoma. The court appointed Leonard Howarth, Mr. Hewitt's private secretary, fixing his bond at $50,000. The bank will liquidate. The Traders' was one of the largest banks in Tacoma up to July 21, 1893, and its stock had sold at above $125. On that date, as a result of heavy withdrawls, the bank suspended, remaining closed until January 24 last, when it reopened. Since then deposits decreased from $150,000 to $55,000, and the largest stockholders decided to close and liquidate. The trustees say the assets are sufficient to pay all depositors and that the stockholders will be paid 50 to 75 per cent and perhaps in full for their stock. The capital was $500,000. The bank was organized six years ago.


Article from The Herald, May 20, 1894

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A RECEIVER APPOINTED. The Traders Bank of Tacoma Goes Into Liquidation. TACOMA, Wash., May 19.-Just previous to the opening of the superior court this morning, an application was filed in the clerk's office by Trustees George Browne and Henry Hewitt, jr., requesting the court to appointa receiver for the Traders bank of Tacoma. The court appointed Leonard Howard, Mr. Hewitt's private secretary. fixing his bond at $50,000. The bank will liquidate. The Traders was one of the largest banks in Tacoma up to July 21, 1893, and its stock had sold at $1.25. On that date, as a result of heavv withdrawals, the bank suspended, remaining closed until January 24th last, when it reopened Since then deposits decreased from $150.000 to $55,000, and the largest stockholders decided to close and liquidate. The trustees say the assets are sufficient to pay all depositors and that the stockholders will be paid 50 to 75 per cent and perhaps in full for their stock. The capital was $500,000. The bank was organized six years ago.


Article from The Salt Lake Herald, May 20, 1894

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TACOMA BANK FAILURE. Tacoma, Wash., May 19.-On application of two trustees, the superior court today appointed Leonard Howarth receiver of the Traders' Bank of Tacoma. The bank will liquidate. The Traders' was one of the largest banks in Tacoma up to July, 1893, when, as a result of heavy withdrawals, the bank suspended, remaining closed until January 24 last, when it reopened.


Article from New-York Tribune, May 21, 1894

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BUSINESS EMBARRASSMENTS Tacoma, Wash., May 20.-The Traders' Bank 01 Tacoma suspended payment yesterday morning and a receiver was appointed. This bank failed last summer and reopened a few months ago. It is said all depositors will be paid. Sioux City, Iowa, May 20.-The Sloux City Vinegar and Pickling Works became involved yesterday on account of financial difficulties, but will be opened under a new management. The principal creditors are the Mechanics' Savings Bank, of Nashua, N. H., $15,000; D. T. Gilman, Sioux City, $20,000; assets in factory, land and stock, $100,000.


Article from The Middleburgh Post, May 24, 1894

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Failure of a Tacoma Bank. The Traders' Bank of Tacoma, Wash. suspended payment and a receiver was appointed. This bank failed last summer and reopened a few months ago, It is said all the depositors will be paid.


Article from Fisherman & Farmer, June 1, 1894

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South and West. CONGRESSMAN OATES'S nomination for Governor of Alabama is assured as more than enough delegates who favor him have been chosen in the County Conventions THE Cleveland (Ohio) conference between miners and operators to settle the bituminous coal strike came to naught. OVER 150 Industrials raided ranches and fruit farms in Vaca Valley, California, for the purpose of driving out the Chinese and and Japanese. They took a number of prisoners and drove them ahead, maltroating them. The Industrials were finally arrested and with the Chinese and Japanese placed in custody in Vacaville, J. H. BLAYTON shot and kille his young wife at Richmond, Va. He then shot and cut himself. THE Georgia Populist State Convention at Atlanta nominated J. K. Hines, of Atlanta, for Governor. Hines is a well-known attorney who was at one time a Judge of the Superior Court In Georgia HENRY SCOTT. colored, arrested for the murder of his six-year-oldstepdaughter was lynched by a mob of 100 colored men at Jefferson, Texas. DURING a storm in Hawkins County, Tennessee, crops were badly damaged. A number of persons were injured, and one. a colored man named John Kelly, was killed. MANY dwellings on a Cincinuati (Ohto) hillside have been twisted out of shape and are threatened with demolition by a slowmoving landslide. THE Traders' Bank, of Tacoma, Wash., which failed last summer and reopened a few months later, has suspended again and a receiver has been appointed. Two aldermen, three police officers and four judges and clerks of election were indicted in Chicago, Ill., for alleged violation of election laws. NOTHING like the weather of a few days ago has been experienced in Texas for twenty years. There was a heavy frost, and crops are badly damaged. THE heaviest snowstorm in years prevailed in Eastern Kentucky. At Corbin the snow was eight inches deep. All sorts of crops were rulned or badly injured as is result. WILLIAM PURDUE. at Rinehart, Mo., shot and killed A. W. Randle, then set fire to Rundle's house, and shot and killed himself. Rundle received five bullets in his head. He was about filty-eight years of age. His murderer was a single man, about thirty-five years old.


Article from The Seattle Post-Intelligencer, July 17, 1895

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Brief Tacoma News. Tacoma, July 16.-Special.-The prayer of Leonard Howarth, receiver of the Traders' bank, to release a judgment for $38,701 against the Puget Sound Dressed Beef & Packing Company, was granted today, SO that the petitioner might enter into a contract with Ezra Meeker to protect the claim. Meeker holds a prior claim of $71,000. The Press Club last night elected the following officers to serve for the ensuing six months: President. F. B. Cole; vice president. T. J. Bell; secretary, Alexander Thompson: treasurer, George P. Jacobs. The above with the following compose the executive committee: W. A. Ryan. T. J. Sammons, Orno Strong, A. N. Brown and Dick Blaauw. Three of the cadets in the training garrison of the Salvation Army located in Tacoma have just received promotions. Cadet Park goes as Heutenant with Capt. Moore to Pendleton, Or. Lieut. Nungesser goes to Seattle, No. 2, with Capt. Chappelle, who was formerly stationed in Tacoma, and Lieut. Gill goes to Whatcom with Capt. Anderson.


Article from The Seattle Post-Intelligencer, January 23, 1896

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Tacoma Demands Her Money. Tacoma, Jan. 22.-Special.-City Attorney James Wickersham has been engaged during the past few days in preparing claims against the receivers of the various defunct banks of the city having balances to the city's credit when they closed. Today the city served a demand on Receiver Howarth, of the Traders' bank, for the return of $18,824.53 deposited by Treasurer George W. Boggs, less $3,764, this being two dividends of 10 per cent. paid to the city. The city attorney sets up the contention that the funds in Boggs' possession and depositied in bank were trust funds and that the bank officials knew this to be the fact when the deposit was received. He therefore claims that the city is a preferred creditor of the bank and should be paid before any other claims are liquidated. Therefore the city demands the immediate payment of the balance due, amounting to $15,059.53. It is understood the matter will be taken into the courts and an effort made to have the municipality adjudged a preferred creditor. The demand on Receiver Howarth is signed by Mayor Orr, City Treasurer Olds and City Attorney Wickersham.


Article from Elmore Bulletin, November 4, 1896

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Washington. A theater is being built in New Whatcom that will be able to seat 1,000 persons. Colfax college has made arrangements to publish a monthly paper, an eight-page sheet. The city tax levy in Olympia for the ensuing year will be 101/2 mills. Last year the levy was 12 1/2 mills. Olympia sportsmen will take steps to prevent the trapping of quail, contrary to law, by men and boys in Thurston county. The entire collection of coins which was stolen from the Ferry museum in Tacoma a few weeks ago, has been recovered. A levy of three and one-fourth mills has been made by the school board of Tacoma for school purposes. The levy will provide $80,100. The Herrick Canning Company, of Aberdeen, has put up 150,000 cases of salmon this season, and expects to put up about 4,000 more. Very few hops have been sold in Puyallup thus far, only those that have been contracted for having been delivered. Growers seem to think they will get more by holding on. In order to cut down expenses, Olym. pia has entirely abolished the use of street lights. Several citizens have, however, subscribed a fund for the illumination of thoroughfares near their residences. The loggers and mill men who have camps on the small streams flowing into the Snohomish river are anxiously waiting for rain. These streams are now SO low that logs or boats cannot be floated to the mills. A bullet came flying through the window of J. H. Miller's kitchen, in Whatcom, the other day, and struck Mrs. Fred Hamburg. who was at work there, on a finger. The ball had spent its force and did not injure her. The receiver of the Traders' bank, of Tacoma, made a showing of his trust before Judge Stallcup last week. The cause of the case being brought up was to get a ruling of the court as to whether the assets now on hand should be sold and the stockholders assessed to pay the balance of the liabilities or let the matter rest awhile. The stockholders have virtually agreed to the former plan, and if the court allows them to carry it out the assesssment will surely be made before Decem 1, 1896.


Article from The Coeur D'alene Press, July 10, 1897

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# NORTHWEST NEWS AND NOTES. Items of Interest From Idaho, Montana and Washington. A Portland man has bought 320 acres of land near South Bend for $25,000. A granite quarry on the land is to be developed. The state reform school at Miles City has expended $12,700 of the $16,850 appropriated for the year, leaving about $4000 for the next six months. The Traders' bank of Tacoma has paid another dividend of 20 per cent, which will make 75 cents on the dollar thus far paid by the receiver. A large faction on Willapa harbor is opposed to the restrictions placed by the new law on the tonging of oysters off the natural beds. Forty-two men are reported to have signed articles to tong, regardless of law, and to share the cost of suit if any should be arrested. Grain dealers and millers in Walla Walla estimate that there will be at least 30 per cent more wheat in Walla Walla county this year than last. There was more land in cultivation then than is under cultivation this year, but the finer quality of the grain now makes a great difference. Last year the market opened at 40 cents per bushel, this year not less than 50 cents will, it is thought, be offered.


Article from The Kootenai Herald, July 10, 1897

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# NORTHWEST NEWS AND NOTES. Items of Interest From Idaho, Montana and Washington. A Portland man has bought 320 acres of land near South Bend for $25,000. A granite quarry on the land is to be developed. The state reform school at Miles City has expended $12,700 of the $16,550 appropriated for the year, leaving about $4000 for the next six months. The Traders' bank of Tacoma has paid another dividend of 20 per cent, which will make 75 cents on the dollar thus far paid by the receiver. A large faction on Willapa harbor is opposed to the restrictions placed by the new law on the tonging of oysters off the natural beds. Forty two men are reported to have signed articles to tong, regardless of law, and to share the cost of suit if any should be arrested. Grain dealers and millers in Walla Walla estimate that there will be at least 30 per cent more wheat in Walla Walla county this year than last. There was more land in cultivation then than is under cultivation this year, but the finer quality of the grain now makes a great difference. Last year the market opened at 40 cents per bushel, this year not less than 50 cents will, it is thought, be offered. # Montana. An excellent fruit crop is predicted throughout Clarke county. The city chain gang has been revived at Great Falls, owing to the arrival of many hoboes. Bozeman reports that the berries on the mountain side were never thicker than they are this year. This means lots of grouse and fat bear. It is reported that some of the stockmen of the Shonkin range are discussing the advisability of moving their beef steers to Culbertson, where there is good grass and water, and holding them at that point until ready for shipment. A Gardiner man has in his possession a double elk tusk which he extracted from an elk killed during the last season. This tooth is a freak of nature in that the animal had three well developed tusks, whereas but two usually occur, one on either side of the upper jaw. Advices from the upper Teton state that surveyors have been in the field running the lines that will mark the separ-ation of the ceded lands from the Black-feet reserve. It is estimated that 50 days will be required to complete the field work, and at least 20 days to write up the field notes, make the necessary maps, etc. # Idaho. Salmon City reports the beginning of work on an artesian well. Many people are watching the experiment of putting a launch on Pend d'Oreille. If the one now being tried is a success, others will follow. It is estimated that 15,000 head of cattle have been shipped from Idaho county this year. The last cloud burst on Salmon river has put the state road above John Day in a worse condition than ever. Nez Perce reservation settlers are busy breaking ground. The late rains will result in thousands of acres being broken out than otherwise would have been this season.