Marine Savings Bank - Ballard, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 3, 1896
Location: Ballard, Washington (47.676, -122.387)

Metadata

Model: gpt-5-mini
Short Digest: 3b1d60bb

Response Measures

None

Description

Articles describe an assignment for benefit of creditors on 1896-06-03 and appointment of a receiver (July 1896) and later receiver's reports (1897). There is no mention of a depositor run; the bank was effectively closed and placed in receivership/asset liquidation.

Events (3)

1. June 3, 1896 Other

Newspaper Excerpt: On that date it made an assignment to William H. Moore for the benefit of Its creditors.
Source: newspapers

2. July 1, 1896* Receivership

Newspaper Excerpt: In July, 1896, P. V. Davis was appointed receiver of the bank by Judge Langley.
Source: newspapers

3. January 14, 1897 Other

Newspaper Excerpt: P. C. Davis, receiver of the Marine Savings bank, recently filed his report with the superior court.
Source: newspapers

Newspaper Articles (3)

1. January 14, 1897 The Seattle Post-Intelligencer Seattle, WA

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

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Article Text

A RECEIVER'S REPORT. AFFAIRS OF THE MARINE SAVINGS BANK IN BAD CONDITION. An Institution Whose Business Was Not Conducted on Sufficiently Conservative a Basis-Nominal Assets $38,690.07, of Which $36,342.15 Is Worthless-Recelver Davis Asks for Permission to Assess the Stockholders, Who Paid for Their Shares With Notes. P. C. Davis, receiver of the Marine Savings bank, recently filed his report with the superior court. This bank was established at Port Townsend in November, 1890, and continued to transact a general banking business there until February 1, 1893. Then It was removed from Port Townsend to Ballard, where it continued to transact a general banking business untill June 3, 1896. On that date it made an assignment to William H. Moore for the benefit of Its creditors. In July, 1896, P. V. Davis was appointed receiver of the bank by Judge Langley. According to the stock register of the bank the original subscribers of the bank and the number of shares of stock subscribed for are as follows: She

2. May 14, 1897 The Seattle Post-Intelligencer Seattle, WA

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

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Article Text

Are Vault Doors Fixtures? In sträightening out the affairs of the Marine Savings bank of Ballard, Receiver P. V. Davis was confronted by the problem as to whether certain objects in the building were fixtures or not. Among these were the vault doors. To have the matter settled he filed a petition for leave to sell the doors as part of the assets of the bank. The petition was before Judge Jacobs yesterday for hearing. and he decided that If the doors could be lifted off their hinges the receiver had a right to sell them.

3. June 2, 1897 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, June 2, 1897

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Article Text

Court Notes. Inventory in the estate of Niels Anderson was filed yesterday. Ole Syerson was given judgment yesterday against A. Chisholm, with order foreclosing his lien on logs. The case of J. M. Butler vs. the Histogenetic Medicine Company was dismissed yesterday by Judge Moore. Judge Jacobs signed the decree of divorce yesterday in the case of George A. Shaw VS. Elaine R. Shaw. Petition was filed yesterday for probate of the will of Henry M. Haggenmaker, who died in Spokane on May 11. Default was entered yesterday against John Collins In the case of R. A. Brown vs. Harry White/and John Collins. The receiver's second Deport in the Queen City Printing Company case was submitted to Judge Moore yesterday. B. F. Briggs has judgment against Anna L. Kellogg on a $12,000 promissory note of August 12. 1892. with decree of foreclosure. Adam Hoenicka yesterday filed a petition for letters of administration on the estate of his deceased wife, Martha Hoenicka. Default has been entered against all the defendants except Jerome Catlin in the case of John Lindberg vs. Jerome Catlin et al. Judge Jacobs yesterday authorized Sheriff Moyer to employ an extra guard to take Mack McAlpine to the penitentiary at Walla Walla. Depositions of Richard Elsner and Christian Koerner. of Milwaukee, Wis., in support of the will of Charles Rautman, were filed yesterday. M. Becker has judgment for $3,179.54 against A. S. Farquharson and wife, on a promissory note of August 3, 1893, with decree of foreclosure. The Londerville-Wiles case, a suit for some $50 worth of work in a shingle mill at Ballard. was heard by Judge Moore yesterday and submitted. In accordance with his decision. previously given, Judge Moore yesterday signed a decree in favor of the Seattle Trust Company against A. S. Kerry. Motion for revival of judgments amounting to about $4,400 in favor of F. S. Blattner vs. the Washington Southern Railway Company were filed yesterday. Ella G. Cutting has judgment by default against Marion G. Walker Brady for $2,475. costs and $150 attorney's fee, with decree of foreclosure on mortgaged premises. The old, old case of S. D. Gustin vs. the Snoqualmie Mill Company was before Judge Moore yesterday. Receiver Paul Henderson submitting his final report. Of the marriage licenses Issued yesterday, one was for Emil Mathevig and Elizabeth Posner, both of Tacoma. The marriage ceremony was performed by Judge Benson. P. V. Davis, receiver of the Marine Savings bank. Ballard. has judgment against D. T. Denny for $7,318. and the judgment constitutes a lien on Mr. Denny's separate and community property. The motion for a new trial in the Kraus murder case, set for yesterday, will be heard by Judge Jacobs June 5. Albert McLean has been granted until the same date to plead to the charge of burglary. Garnishment whas been served on the London and Lancashtre Fire Insurance Company in the case of the Seattle Cracker and Candy Company VS. F. W. Gillette. The amount involved is only $36.69. Articles of incorporation were filed yesterday for the Copper Creek Gold and Copper Mining Company: capital stock, $1,000,000. in $1 shares: trustees. John Leary, John Collins. A. B. Wilkes. Charles E. Powell. A. H. Manning, J. H. Gardner and John E. West. The city scored another victory in the superior court yesterday in the case in which D. C. Brawley and W. R. Brawley were suing for some $1,800 paid by them in 1891 and 1893 for the improvement of South Twelfth street. Judge Benson sustained the assessment ordinance and gave judgment for the city.