22119. Bank of Auburn (Auburn, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1896
Location
Auburn, Washington (47.307, -122.228)

Metadata

Model
gpt-5-mini
Short Digest
74a3a690

Response Measures

None

Description

The Bank of Auburn suspended payment and closed Aug 1-2, 1896 and a receiver was appointed; thereafter liquidation/receivership proceedings and dividends were reported. There is no article describing a depositor run prior to suspension, so this is classified as a suspension leading to permanent closure/receivership. Receiver named initially S. D. Pulford (news report) and later A. H. Boyd acting as receiver and reporting dividends.

Events (4)
1. August 1, 1896 Receivership
Newspaper Excerpt
The Bank of Auburn closed its doors yesterday morning, and in the afternoon went into the hands of B. D. Pulford. as receiver, on the application of W. J. Lunn.
Source
newspapers
2. August 1, 1896 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed and posted notice citing financial stringency and inability to realize on assets; announced liquidation/closure and suspended payments.
Newspaper Excerpt
The Bank of Auburn closed its doors yesterday morning ... posted a notice that owing to financial stringency and inability to realize on its assets it was necessary to go into liquidation.
Source
newspapers
3. September 2, 1896 Other
Newspaper Excerpt
Assets Exceed Liabilities by More Than $18,600. The condition of the Bank of Auburn is shown by the report of Receiver A. H. Boyd, filed in the superior court yesterday.
Source
newspapers
4. February 6, 1897 Other
Newspaper Excerpt
A. H. Boyd, receiver of the Bank of Auburn, yesterday submitted his report ... declaring a dividend of 17 per cent.
Source
newspapers

Newspaper Articles (12)
1. August 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 2, 1896

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New Suite Filed. Actions were begun in the superior court yesterday as follows: F. M. Guye and E. W. Guye vs. John Fletcher et ux.-Restitution of premises at 1231 Third avenue. and double rent, $38. Northwestern and Pactfic Hypotheek bank vs. Alfred Hultgren et al-Promissory note and mortgage, $6,247.55. Northwestern and Pacific Hypotheek bank vs. Minnie Galloway et al.-Promissory note and mortgage, $1,200. C. M. Sheafe, as receiver, VS. Lydia H. Kelloge et al.-Promissory note and mortgage, $125. W. J. Lunn V3. Bank of Auburn-To recover deposit. $36.02; order appointing S. D. Pulford receiver. C. M. Sheafe, as receiver, vs. the city of Seattle-To recover on warrants for Baker street improvement, $300.

2. August 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 2, 1896

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AUBURN BANK FAILS. With Liabilities Amounting to About $21,000. S. D. PULFORD MADE RECEIVER, County Superintendent Layhue Completes the Apportionment of School Funds in the Treasury. The Bank of Auburn closed its doors yesterday morning, and in the afternoon went into the hands of B. D. Pulford. as receiver, on the application of W. J. Lunn. The complaint states that on July 29 Lunn deposited $150 subject to check, and afterward drew a sight draft for $36.02, but the bank refused payment because of no funds. Yesterday morning at 9 o'clock the bank closed its doors and posted a notice that owing to financial stringency and inability to realize on its assets it was necessary to go into liquidation. The liabilities are said to be in the neighborhood of $21,000. The bank, through its cashier, G. S. Fitch, filed an answer admitting all the allegations of the complaint except that it was insolvent and had forfeited its charter. The receiver's bond was fixed at $10,000, and his salary for the present will be $60 a month. The Bank of Auburn was incorporated in September, 1893, by Richard Jeffs, George S. Fitch, John P. White and B. E. Hoye, of Auburn; E. R. Lillenthal, P. N. Lilienthal and 1gn. Steinhart, of California, and G. W. Fitch, of New York. The capital stock was $40,000 and the officers were as follows: President, Richard Jeffs; vice president, John P. White; cashier, George S. Fitch. County Treasurer Maple had $4,331 of the county's money deposited in the bank. Auburn, Aug. 1.-Special.-The Bank of Auburn failed to open for business this morning, a notice on the door stating that, owing to the stringency of the times and the shrinkage in values, the business could not be longer continued. The liabilities are $16,000, about half of which is due to local depositors. The assets, which consist largely of real estate, are about $50,000. The Institution has been very conservatively managed by Cashier G. S. Fitch. and possessed the confidence of the entire community.

3. August 3, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, August 3, 1896

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Failure of an Auburn Bank. SEATTLE, Wash., Aug. 2.-The Bank of Auburn, at Auburn, King County, suspended payment yesterday. The liabilities are about $25,000. E. R. Lilienthai, P. N. Lilienthal and I. Steinhart of San Francisco are the principal stockholders.

4. August 19, 1896 Elmore Bulletin Rocky Bar, Mountain Home, ID
Article from Elmore Bulletin, August 19, 1896

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Washington. The attempt at Kennewick to assess the district for irrigation purposes was voted down at the recent special elestion. Henry Seiffert, who shot and killed L. H. Platter in the courthouse in Spokane on the first of this month, has been denied bail, and committed to jail to await trial. Assessor Carpenter, of Yakima, pounced upon a band of 8,400 migratory sheep belonging to A. Andrews & Sons, of Oregon. Mr. Andrews cheerfully paid the tax. The Methodist Episcopal Columbia River conference, which embraces Eastern Oregon, Eastern Washington and Northern Idaho, will convene at North Yakima August 26. The aggregate value of all assessable property in Yakima county as equal. ized by the county commissioners is $4,120,882. The total tax levied for 1895 was $106,759.21. W. A. Mears, of Portland, who has business connections in Japan, has given the Bell. Lumber Company, of Everett, an order for 1,000,000 feet of lumber to be shipped to Japan. The Fairhaven National bank closed its business as a banking institution on Friday, and is paying off its depositors in full. It is voluntarily liquidating the indebtedness, which is said to be small. The Bank of Auburn has suspended payment, and its affairs will be imme) diately wound up by A. H. Boyd, receiver. The deposits amount to about $16,000, while the total assest will reach $50,000. The statement of the treasurer of Skaigt county for the year ending June 30, 1896, shows that receipts have amounted to $148,050.78, and disburseB ments to $95,489.06, leaving a cash balance of $52,551.69. The hay harvest in Stevens county is over and the work of baling hay for a shipment has begun. The yield will a be an average of 50 per cent less than be what it was last year in the upper a portion of the Colville valley. The e wild fruits are unusually abundant 1 this summer, and since the hay harvest there is a stampede of farmers' families into the mountain ranges in quest of buckleberries. The new county road from Keymes' 7 landing to Chimacum, in Jefferson e county, has been completed.

5. August 20, 1896 Lincoln County Leader Toledo, OR
Article from Lincoln County Leader, August 20, 1896

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Washington. The attempt at Kennewick to assess the district for irrigation purposes was voted down at the recent special election. Henry Seiffert, who shot and killed L. H. Platter in the courthouse in Spokane on the first of this month, has been denied bail, and committed to jail to await trial. Assessor Carpenter, of Yakima, pounced upon a band of 3,400 migratory sheep belonging to A. Andrews & Sons, of Oregon. Mr. Andrews cheerfully paid the tax. The Methodist Episcopal Columbia River conference, which embraces East. ern Oregon, Eastern Washington and Northern Idaho, will convene at North Yakima August 26. The aggregate value of all assessable property in Yakima county as equalized by the county commissioners is $4,120,882. The total tax levied for 1895 was $106,759.21. W. A. Mears, of Portland, who has business connections in Japan, has given the Bell Lumber Company, of Everett, an order for 1,000,000 feet of lumber to be shipped to Japan. The Fairhaven National bank closed its business as a banking institution on Friday, and is paying off its depositors in full. It is voluntarily liquidating the indebtedness, which is said to be small. The Bank of Auburn has suspended payment, and its affairs will be immediately wound up by A. H. Boyd, receiver. The deposits amount to about $16,000, while the total assest will reach $50,000. The statement of the treasurer of Skaigt county for the year ending June 30, 1896, shows that receipts have amounted to $148,050.78, and disbursements to $95,489.06, leaving a cash balance of $52,551.69.

6. September 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 2, 1896

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BANK OF AUBURN. Assets Exceed Liabilities by More Than $18,600. The condition of the Bank of Auburn is shown by the report of Receiver A. H. Boyd. filed in the superior court yesterday. as follows:

7. December 22, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 22, 1896

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Court Notes. Leave was granted the Northwestern and Pacific Hypothek bank to sue Receiver Boyd, of the Bank of Auburn. A motion for a new trial in the case of N. T. Joliffe vs. Thomas R. Brown et al. was overruled by Judge Osborn yesterday. Findings of fact, conclusions of law and decree were signed yesterday by Judge Langley in the case of C. M. Sheafe VS. Kate M. Stephenson. The sheriff's sale of property in the case of the Northwestern and Pacific Hypothek Bank VS. Ronald M. Crawford has been confirmed by Judge Langley. Default was ordered yesterday by Judge Langley in the cases of C. M. Sheafe, recelver, VR, Kate N. Stephenson et al. and J. E. Wright vs. A. W. Pratt et al. John Garcia, the insane coal passer taken off the collier Willamette Sunday, was taken to the asylum at Stellacoom yesterday by Deputy Sheriff McCorry. The sale of lands in the case of Alfred H. Flower VA. Michael Wilson et al., amounting to $5,530.75. was ratified and approved by Judge Langley yesterday. Judge Langley signed a decree yesterday in the foreclosure case of J. Edward Wright VS. A. W. Pratt et al., in which the plaintiff is given a judgment of $945.55. Joseph Mause, the Jap boy who went insane in Alaska and was afterward transferred to this city, will be sent back to Japan this morning on the Sakura Maru. Peter Hillen was given two judgments yesterday, one against Catherine Schmidt and others for $622.84, and the other egainst Catherine Schmidt alone for $590.12. The motion for a new trial in the case of Murphy, Grant & Co. va. Moyer, Swegle & Co. et al. was argued at length yesterday before Judge Osborn and submitted. The remittitur in the Denny hotel case, announcing that the motion made by respondents to dismiss the case had been granted. was filed with the clerk of the court yesterday. The judgment for $23 given in Justice Cooper's court, of West Seattle, in the case of Caroline M. Sanderson VS. Romano Ingletto et al, was set aside yesterday by Judge Osborn. Findings of fact and conclusions of law were entered yesterday in the $14,603.87 promissory note case of the Northwestern and Pacific Hypothek Bank VR. Margaret Miller and Amasa Miller. A décree quieting title to all claims of Ella H. Dunn and Issue M. Dunn, defendants in the case of Anna M. Clark vs. Elia H. Dunn et al., was signed by Judge Langley yesterday. Maggie Jackson, & healthy-looking colored cook, was given a divorce from her husband, Andrew Jackson, yesterday. Maggie stated on the stand that Andrew had always been a hard drinker, and never did anything toward supporting her. Since 1892 he has abandoned her entirely. In the suit of Sig Harris to recover $2,500 from the Madgeburg Fire Insurance Company Saturday, the Royal Insurance Company was also made a defendant. the policy being $3,000, the stock and fixtures of the Sampson fur store, on which the policies were written, being valued at $10,000. Woo Quen Bing and Woo Ling. against whom & judgment for $407.20 was entered in favor of Marsh tkisson et al. some time ago, have been ordered by Judge Osborn to appear before him December 24 and answer why they refuse to apply cerrain property toward the satisfaction of the judgment. Licenses to wed were issued yesterday to S. Bird Davis and Mary Steves, both of Seattle: David Gillard and Marwaret Cameron McEwan, also of Seattle: WillIam A. Hatch and Clara Belle McCanney, both of Conway, Wash., and Charles H. Connacher and Margery E. Lewis, both of Preston, Wash.

8. January 29, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 29, 1897

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Court Notes. In the case of L C. Whitford et al. vs. Clement Johnson, writ of garnishment was issued yesterday against J. C. McAllister. In the case of James W. Cook V8. Robert Seliger et al., order of default was signed yesterday by Judge Moore against all the defendants, In the case of the Northern Counties Investment Trust, limited. V8. Edwin F. Atwood et al., Judge Moore yesterday signed order of default. Judge Moore yesterday. on petition, authorized A. H. Boyd, receiver of the Bank of Auburn, to sell to George Clapsaddle 14½ acres of King county land. Silas W. Myers has been made a party defendant in the case of the Pacific States Savings, Loan and Building Company vs. Lewis N. Martell et al. In the case of the Bay View Brewing Company vs. Jesse Moore, Hunt & Co., plaintiff yesterday filed $470 garnishment bond. with F. Kirschner and L. Hemrich as sureties. Articles of incorporation were filed yesterday by the Pacific Gold Mining Company for a term of fifty years; capital stock, $1,000,000, in $1 shares: trustees, George W. Devecmon, D. M. Soliday and S. T. Knipe; Office, Seattle. Articles of incorporation were filed yesterday by the Money Creek Gold Mining Company for a term of fifty years: capital stock, $1,000,000, in $1 shares; trustees, George W. Devecmon, D. M. Solliday and S. T. Knipe; office, Seattle. In the case of the Commercial National bank vs. H. W. Wheeler et al., the jury brought in a verdict yesterday for the plaintiff in the sum of $5,952.78 against both defendants, H. W. Wheeler and the American Investment Company. Articles of incorporation were filed yesterday by the Great Western Mining and Reduction Company for a term of fifty years: capital stock, $1,000,000, in $1 shares; trustees. Hans P. Pederson, William M. Curtiss and Louis Andersen, all of Ballard; office, Ballard. Articles of Incorporation were filed yesterday by the Chelan Gold Mining Company for a term of fifty years; capital stock. $1,000,000, In $1 shares; trustees, Homer F. Norton, Thomas Bowes, George F. Raymond, Andrew Chilberg and N. E. Nelson: office, Seattle,

9. February 6, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 6, 1897

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Court Notes. Judge Benson yesterday set the case of W. N. Tedford VS. John Collins for March 10. The jury in the case of Bollong & Frissell vs. A. S. Kerry returned a verdict for the defendant yesterday morning. In the case of Regina Knapper vs. Eugene Knapper, Judge Jacobs yesterday signed an order of default, and set the trial for February 12. In the case of Schwabacher Bros. & Co., Inc., vs. George Charlesworth. Judge Jacobs yesterday confirmed the sale of real estate bought in by the plaintiff Ocber 30, 1896, for $100. Miss Josephine Moore is not satisfied with the $6 verdict awarded her against Mrs. Margaret D. Pease in Judge Benson' court, and her attorneys yesterday filed a motion for a new trial. In the case of Saville B. Crossley VS. Gotthard Grot et al., Judge Jacobs yesterday confirmed the sale of lot 8, block 42, Maynard's plat, made to Saville B. Crossley, December 31, 1896, for $5,569. Judge Jacobs yesterday ordered the default of David Lawwill in the divorce suit pending against him, in which Fannie Lawwill is plaintiff. and signed decree of divorce on the ground of desertion. In the case of Mary Hutcheson Page vs. H. F. Nommensen et al., Judge Jacobs yesterday confirmed the sale of the north half of lot 3, block 65, Terry's First addition, made to plaintiff January 3, 1897, for $3,307.70. Judge Moore yesterday confirmed the sale of real estate in the case of Josiah Whitney vs. A. C. Fry et al. It comprises all of block 3 in Mercer's addition. except the north 100 feet, and was bought by the plaintiff for $2,485.08. In the case of the Seattle Outfitting Co. VS. W. P. Sergeant et al., Judge Jacobs yesterday signed judgment by confession for $85.55 against Mrs. N. J. Lyons, one of the defendants, for balance on goods bought during the year 1895. W. P. Sergeant, guarantor for Mrs. Lyons, was released from liability by consent of plaintiff. In the case of S. L. Conklin vs. Philinda C. Foster, Judge Moore yesterday signed default. findings and conclusions and decree. giving the plaintiff judgment for $4,318.22, with interest, $250 attorney's fee, foreclosure and order of sale of mortgaged premises, the south half of lot 12, block 68, D. T. Denny's Park addition, and lot 5, block 12, in the Fairview Homestead Association. A. H. Boyd, receiver of the Bank of Auburn. yesterday submitted his report to Judge Moore, showing a total of $12,762.83 in claims presented, asking for an order approving these claims, and declaring a dividend of 17 per cent. Judge Moore signed an order approving and allowing these claims, and directing the receiver to pay 17 per cent. on all the claims except that of the London & San Francisco bank. It was Inadvertently stated in the PostIntelligencer yesterday that among the recent changes in local law firms a partnership had been formed by R. B. Albertson and ex-Prosecuting Attorney A. W. Hastie. The error arose from the faot that these gentlemen now occupy adjointng offices in the Haller building. Mr. Hastie having recently taken the rooms that were until lately occupied by George H. Preston, of the former firm of Preston & Albertson. Mr. Albertson will continue to keep his old quarters. Mary Teague, who bas her share of good looks, was on trial in the municipal court yesterday afternoon for selling Hquor In her restaurant on First avenue south, near Woller street, without a license. The principal witness was Fred Erickson, who said that he purchased bear. etc., on several occasions. He also said that Mrs. Teague wanted him to leave the city until after the trial. He refused. Mrs. Teague admitted on the stand that she sold liquor, but claimed that she did not make a profit thereby. If a customer wanted liquid refreshments she went to 6 saloon and got It for him. She paid the same price to the saloon that she received from her customer. The case will be argued this morning.

10. April 3, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, April 3, 1897

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Receiver Boyd's Report. The report of A. H. Boyd, receiver of the Tank of Auburn. filed yesterday. shows the amount of cash on hand at last repart, $1,085.92: total collections since, amount disbursed. $2,627.11, of which #2,179.91 Was for dividends and $447.20 for current expenses, including salary of receiver and attorney. The dividends paid were 17 per cept. on all claims, except that of J. W. Maple. county treasurer. for me. The divklends declared in favor of the London and San Francisco bank of Tecoma and the Commercial National bank of Seattle have not been paid over by the receiver. because the collaterals are will held by those banks, which have how requested the receiver to sell the collaterals. and he Bike the court's order to do 90, The report was ordered filed and Bet for timal hearthing April 10.

11. December 1, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 1, 1897

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Court Notes. F. A. Buck & Co. have judgment against Harry Ash for $151.64, for goods sold and delivered. Sheriff Moyer went to Stellacoom yesterday in charge of Nathan Mannock, committed to the asylum for the Insane. William Ponchin and Robert Whitworth have judgment against Robert G. Caldwell et al. for $2,558.52, with decree of foreclosure. C. E. Robinson was yesterday appointed administrator of the estate of Mary I. Nixon, his bond being fixed by Judge Moore at $2,000. In the Bank of Auburn receivership proceedings, Judge Moore yesterday signed an order directing the receiver to pay a dividend of 15 per cent. In the case of the Manhattan Trust Company vs. the Seattle Coal and Iron Company, the hearing of the petitions of various creditors for preference was continued to December 1. In the case of John Young against the Puget Sound National bank. on a certificate of deposit, the jury in Judge Benson's court yesterday brought in a verdict of $600 in plaintiff's favor. In the case of Charles H. Black vs. Edwin Auld et al., the hearing of the petitioners' motion to set aside the recent sale of the property was yesterday continued by Judge Moore until December 3.

12. December 14, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1897

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M'CAULEY MUST SERVE HIS TERM. Supreme Court Affirms the Decision -Other Opinions Handed Down. OLYMPIA. Dec. 13-The supreme court today handed down opinions in the following pages: State V. J. W. McCaniey, ex-city Treas. urer sik Tueoma-Deciston of the lower eourt aftirmed. Wills Thorp. respondent, vs. B. M. Smith, defendant, the Union Electric Company, a corporation, and A. L. Hawley, appellants Reversed and remanded by the supreme court with instructions to render judgment in favor of appellant. W. R. Newport, appellant, vs. George Mugget, treasurer of Spokane county-Reversed and remanded with instructions upon trial to allow the appellant to deduet such debts as come within the revenus statute from his credit, including national bank stock shares. L M. Sheafe, receiver of the Washington Savings bank. respondent, vs. the city of Seattle, appeilant-Affirmed. John Kellegg, respondent, vs. Christian and Catherine Scheuerman, appellantsAn action from King county to recever damages for a malicious prodecumon-Beversed. A. Il Boyd. receiver of Bank of Auburn, respondent, Va. William Cochrane