22127. Bellingham Bay National Bank (Bellingham, WA)

View Charter #3976 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3976
Charter Number
3976
Start Date
November 5, 1895
Location
Bellingham, Washington (48.750, -122.475)

Metadata

Model
gpt-5-mini
Short Digest
d9c09e99

Response Measures

None

Receivership Details

Depositor recovery rate
39.0%
Date receivership started
1895-12-05
Date receivership terminated
1901-03-25
OCC cause of failure
Losses
Share of assets assessed as good
12.4%
Share of assets assessed as doubtful
69.3%
Share of assets assessed as worthless
18.3%

Description

The Bellingham Bay National Bank suspended by order of directors on Nov 5, 1895 (unable to meet county treasurer's demand). This suspension appears related to steady withdrawals and distrust following the Tacoma bank troubles (i.e., distress of other local/coastal banks). A receiver was appointed Dec 5, 1895, and dividends were later declared in May 1896, indicating permanent closure and liquidation rather than reopening.

Events (5)
1. February 7, 1889 Chartered
Source
historical_nic
2. November 5, 1895 Suspension
Cause
Local Banks
Cause Details
Steady withdrawal of deposits and general feeling of distrust following recent Tacoma bank troubles; unable to meet county treasurer's demand for county deposit.
Newspaper Excerpt
The Bellingham Bay National Bank has closed its doors, suspension being decided upon after a conference with the directors yesterday.
Source
newspapers
3. December 5, 1895 Receivership
Source
historical_nic
4. December 5, 1895 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Joseph B. Dawson as receiver of the Bellingham Bay National bank of New Whatcom, Wash.
Source
newspapers
5. May 17, 1896 Other
Newspaper Excerpt
A first dividend, 15 per cent, in favor of the creditors of the Bellingham Bay National bank of New Whatcom, Wash., on claims proved amounting to $64,325.39.
Source
newspapers

Newspaper Articles (21)
1. November 5, 1895 Evening Star Washington, DC
Article from Evening Star, November 5, 1895

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Two National Banks Close. NEW WHATCOM, Wash., November 5.The Bellingham Bay National Bank has closed its doors by order of the directors, being unable to meet the county treasurer's demand for the county's deposit. No statement of assets and liabilities has yet been given out. The cashier reports the liabilities approximately at $105,000, of which $77,000 is due depositors. The assets are $187,000. The suspension of the Bellingham Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. Directors held a meeting and adopted a resolution not to open this morning, and directing the president to wire the controller of the currency to place the bank in the hands of the examiner. The directors say that within thirty days sufficient assets can be realized on to settle all creditors.

2. November 5, 1895 The Evening Times Washington, DC
Article from The Evening Times, November 5, 1895

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Could Not Recover. New whatcom, Wash., Nov. 5.-The BellIngham Bay National Bank has closed its doors, suspension being decided upon after a conference with the directors yesterday. The bank failed during the financial crisis two years ago, but resumed operations a few months later.

3. November 6, 1895 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, November 6, 1895

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COAST BANKS GO SMASHING. Bellingham Bay National Bank one of the Latest Victims. New Whatcam, Wash., Nov. 5.-The Bellingham Bay National bank closed its doors yesterday by order of the direc tors, being unable to meet the demand for the county's deposit. The cashier reports the liabilities approximately, $150,000. of which $77,000 are due the depositors. The assets are $180,000. President Morgan says the suspension is due to the steady withdrawal of deposits and a general feeling of distrust from the recent Tacoma bank troubles. The suspension of the Bellingham bank precipitated a run on the Bennett National bank. The directors of the latter decided not to open this morning, and!wired to the comptroller of the currency to place the bank in the hands of an examiner. The directors says that within thirty days sufficient assets can be realized on to settle with all the creditors.

4. November 6, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 6, 1895

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WHATCOM IS QUIET. The Depositors of One Bank Agree Upon a Receiver. GEORGE W. BOGGS STILL IN JAIL Port Angeles Bank Failure to Be Investigated - Ex-Treasurer Clump's New Trial. Whatcom, Nov. 5.-Special.-Hank Examiner Carson has been directed to take charge of the Bennett National bank, 68 well as the Bellingham Bay National. One hundred and three depositors of the latter held a meeting this afternoon, and adopted resolutions urging Comptroller Eckels to appoint a local receiver, and recommend1ng J. B. Dawson, a prominent young abstractor and attorney, who was the Democratic candidate for county clerk last year. Other candidates were E. J. Hill, O. P. Brown and I. N. Maxwell. The indorsement of Dawson after several ballots was made unanimous. Those present represented about two-thirds of the total deposits. Yesterday's bank suspensions are the chief topic of discussion on all sides. There can hardly be said to be much excitement, for the people are very quiet and are, on the whole, fully as cheerful as could reasonably be expected. During the run on the Bennett bank yesterday there was no tumult or confusion among the people who called for their money-simply a quiet determination to get It If possible. The officers, taken as they were in a large measure by surprise, were visibly nervous and anxious, and their attitude served rather to heighten the feeling of distrust than to allay It. It transpires that the directors of the Bellingham Bay National bank held a meeting Sunday and decided to post a notice of suspension Monday morning, If the county treasurer made a demand for the county money, as he had told them on Friday or Saturday that he would do. They did not, however, give the other banks any notice of this intention on their part, and the Bennett National, just across the street, knew nothing of the closing until fifteen or twenty minutes or more after the notice had been posted, and when their doors had been open for business for half an hour or more. They had on hand considerably more than the minimum reserve fund required by law, but were in no condition to stand the run which began quietly just AS soon as the news of the first suspension became public. On the 28th of September the Bennett National reported total deposits of $117,849.25. of which $55,951.66 was virtually on hand, $17,895.70 of it in cash, $37,493.46 due from banks and $062.50 due from the United States treasury. But since the recent Tacoma bank troubles began and Nelson Bennett's personal money difficulties became a matter of public record, distrust has been steadily growing, and $20,000 had been withdrawn when the bank opened yesterday. Withdrawals during the day amounted to $23,000. or $19,000 more than the deposits. The bank has been handling a good deal of shingle paper, and is said to have about $35,000 still Invested that it can realize upon in thirty to sixty days, and its present balance in the hands of various banks is reported at about $20,000. It has been doing a good business and has been generally regarded as safe. The amount now due depositors is about $80,000.

5. November 6, 1895 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 6, 1895

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unable to meet the county treasurer's demand for the county's deposit. The cashier reports the liabilities approximately at $105,000, of which $77,000 is due depositors. The assets are $187,000. President Morgan says the suspension is due to a steady withdrawal of deposits and general feeling of distrust since the recent Tacoma Bank troubles. The suspension of the Bellingham Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. The directors held a meeting and adopted a resolution not to open this morning, and directing the president to wire the Controller of the Currency to place the bank in the hands of the examiner.

6. November 6, 1895 New-York Tribune New York, NY
Article from New-York Tribune, November 6, 1895

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TELEGRAP HIC NOTES. Troy, N. Y., Nov. 5.-Lucy M. Arnold, aged twenty-four years, committed suicide by hanging at Charlton, Saratoga County, yesterday. Miss Arnold had been suffering from melancholia for some months. Indianapolis, Nov. 5.-Mrs. Pietzel has requested that the charred bodies of her little son Howard and the few personal effects of his that were found in Holmes's Irvington deathtrap, be shipped to her at Calva, III., where she will bury them. New Whatcomb, Wash., Nov. 5.-The Bellingham Bay National Bank has closed its doors, suspension being decided upon after a conference with the directors yesterday. The bank failed during the financial crisis two years ago, but resumed operations a few months later. Northampton, Mass., Nov. 5.-Superintendent Lewis J. Hutchinson, of the local electric light company, was instantly killed at the power station late yesterday afternoon. He got caught in the shaft, was thrown over a revolving clutch and dashed on the brick floor. The back of his head was crushed and his arms and ribs were broken. Newport, R. I., Nov. 5.-The United States dispatch boat Dolphin, which arrived here yesterday for a supply of gun cotton for use in blowing up derelicts, Look on board the required amount of explosives this morning, and sailed this afternoon. Albion, Ind., Nov. 5.-The confession of James Brown, the Kessler train robber, was confirmed yesterday, when Sheriff Simons, of this county, following the indications given by the bandit, went to a point east of Home City, and dug up a large number of express money orders which had been secured in the robbery. Decatur, III., Nov. 5.-At least $300,000 worth of property was destroyed by last night's fire before it was finally brought under control. The insurance on the burned property is about $100,000. Sault Ste Marie, Mich., Nov. 5.-Up to noon no tidings have been received of the now five days overdue steamer Missoula. The boat should have reached the canal not later than noon Friday. The three searching parties which left yesterday noon to locate the Missoula, If possible, have not yet reported. Pittsburg, Nov. 5.-Dr. Thomas J. Patterson, a well-known physician of Lawrenceville, died this morning at his home, No. 3,337 Penn-ave., from the effects of two gunshot wounds inflicted by himself last Sunday week, with suicidal intent. The affair was kept a secret by the members of Dr. Patterson's family and Dr. McFarlane, the attending physician. The deceased was thirty-five years of age and leaves a widow and two children Philadeiphia, Nov. 6.-The cornerstone of the new dormitory building of the University of Pennsylvania was laid this afternoon with appropriate ceremonies. The ceremonies were to have been held last Thursday, but inclement weather made necessary a postponement until to-day. The cornerstone was laid by Bishop Whitaker, of the Protestant Episcopal Diocese of Pennsylvania, and addresses were delivered by Provost Harrison, of the University, and by Judge Willson, of this city.

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

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The Whatcom Bank Receiverships. Whatcom, Nov. 6. -Special.-At the meeting of the depositors in the Bellingham Bay National bank yesterday, representing about two-thirds of the total deposits, the following resolutions were adopted: "Whereas, The experience of the bank depositors of New Whatcom with receivers appointed from non-residents has been very unsatisfactory in the past, and whereas, the Bellingham Bay National bank has recently failed: therefore be it resolved by a meeting of the depositors of said bank, held November 5, after due notice to all concerned, that we indorse the appointment of a resident of Whatcom county to the position of receiver of said bank, and respectifully petition the comptroller to appoint such a resident for the following reasons: "An outside receiver meas the employment of outside attorneys and the corresponding increase la all expenses in liquidating the bank. A local receiver would be, under the circumstances. better qualified to cope with the affairs of the bank. the securities held by the same, and to realize for the depositors. And we would most earnestly request that as we are the par ties most interested in this matter, that our wishes as to a local appointment recelve your careful consideration." E. J. Hin, one of the capdidates for the receivership end the Whatcom member of the state Democratic committee, made a brief but emphatic speech opposing the resolution in general as reflecting upon the judgement and good faith of Comptroller Eckels, but the depositors were in no mood for the consideration of questions of sentiment or of other than what they deemed the practical and substantial facts of the condition confronting them, and the resolution was promptly rushed through. The resolution has special reference to the receivership of George B. Blancharl, of Tacoma, of the Columbia National and First National, of this city, which suspended during the panic of 1893. He was also in charge, as examiner, of the Bellingham Bay National until It resumed. The others have not resumed, and there is no likeWhood that they ever will, and the experience of their creditors with Mr. Blanchand is milly referred to in the resolutions as "very unsatisfactory." Yet there is a report current now that he has been appointed receiver of the Bellingham Bay National.

8. November 7, 1895 Birmingham State Herald Birmingham, AL
Article from Birmingham State Herald, November 7, 1895

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A Bank Failure. New Whatcom, Wash., Nov. 6.-The failure of the Bellingham Bay National bank Monday resulted in the suspension of the Bennett National bank yesterday morning, leaving only one other banking concern in the city. Nelson Bennett of the Tacoma Ledger is the heaviest stockholder in the institution.

9. November 7, 1895 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 7, 1895

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ELECTRIC FLASHES. John Roberts, one of the oldest residents of Milwaukee, died Monday. He would have been 75 years of age next month. The chamber of commerce of London. Eng., has adopted a resolution calling on the government to entirely prohibit importation of live cattle. Planters have filed two sugar bounty suits in the United States court under an agreement with the Washington authorities who will aid a speedy trial and appeal to the supreme court. The religious ceremony of marriage or Count Max De Foras, son of the grand marshal of the Bulgarian court, and Maria, daughter of Gen. Meredith Read, was celebrated in Paris. The church was packed with the aristocracy. The Bellingham Bay national bank of New Whatcom, Wash., has closed unable to meet the county treasurer's demand for county deposits: liabilities $105,000; assets $187,000. The suspension is due to steady withdrawal of depoits as a result of distrust since the Tacoma bank trouble. The suspension of this bank precipitated a run on the Bennett National which continued to the close of banking hours, after which the directors decided not to open.

10. November 13, 1895 Watertown Republican Watertown, WI
Article from Watertown Republican, November 13, 1895

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facturers of Lynn, Mass., have assigned to Charles Leighton, attorney. The liabilities are about $20,000, assets unknown. The assignment is said to be due to hard times and the price of leather. -The shareholders and creditors of the manufacturing jewelry firm of the Kent & Stanley company of Providence, R. I., which failed about a year ago with liabilities of over $1,000,000, have come to an agreement and that the company will be reorganized. -Garret P. Sewell and Jane N. Robertson eloped from Bethlehem, Henry county, Ky., and were married by Magistrate Hause at Jeffersonville, Ind. The bride is the youngest daughter of a family of twenty-one children-ten boys and eleven girls-all of whom have been married by Magistrate Hause within three years. -The national convention committee of the Business Men's league of St. Louis, in connection with the mayor of the city and governor of the state, have resolved to appoint a committee of twenty-five prominent citizens to go to Washington December 10, to press the claims of St. Louis for the Republican convention in 1896. -Robert Brown commenced suit at St. Joseph, Mich., on a writ of capias ad respondendum against Samuel Miners, a retired and wealthy merchant, for $5000 damages for alienating the affections of his wife and breaking up his family. Both parties are high in society circles, and this action is the talk of the city. Miners furnished bail in the sum of $2000. -The Canadian premier, Sir Mackenzie Bowell, says that there is not a word of truth in the reports of Canada sending an armed force into Alaska. "We have sent twenty mounted policemen," he said, "to the Yukon country on the Canadian side for the sole purpose of keeping peace and order and collecting customs duties, as there is no collector of customs there. -The Muncie (Ind.) police captured a stylishly-dressed young man who was trying to enter the residence of C. A. Copper. The robber proved to be Charles W. Linn, son of a retired millowner in Indianapolis. He has resided in Muncie two years. He married a prominent Muncie young lady a year ago. Hundreds of dollars' worth of diamonds and jewelry were found on Linn and at his home. He confessed to more than a dozen burglaries. Over 100 doorkeys were found on him also. -The Bellingham Bay (Wash.) National bank has suspended as a result of the Tacoma bank troubles. -Every colliery in the Lehigh (Pa.) region which was forced to shut down on account of drouth has resumed work. -Richard Barnett, a Lake Shore & Michigan Southern conductor, was shot by train robbers who lay in ambush. His wounds are serious. -Col. A. L. Rives, until his recent resignation general superintendent of the Panama railway, leaves for New York after eight years on the isthmus. -Suits have been filed against the New Orleans Brewing association by the New Orleans State National bank for $21,000 and the Metropolitan bank for $113,000. -The British ship Indian Empire reports, upon its arrival at Callao, encountering a severe storm in which 100 tons of coal were jettisoned and the ship dismantled. -The Parliamentary party in Salvador has issued an invitation to the Latin-American countries to assist in the formation of an international commercial league against Europe. -C. P. Huntington of San Francisco expects in a week or two to make a trip to the City of Mexico. His Mexican Na-

11. November 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 16, 1895

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THE BENNETT NATIONAL BANK Loaned Money to Paul Schulze and Nelson Bennett on Poor Collateral. Whatcom, Nov. 15.-Special.-Another meeting of citizens was held last evening for the consideration of bank affairs, those of the Bennett National occupying the principal share of attention, it being a foregone conclusion that the Bellingham Bay National is hopelessly involved and will never be reopened. Mayor Black, attorney for the Bennett bank, made a statement of the assets and liabilities from which It appears that when the bank closed it held $47,000 on open account, and $25,000 in certificates of deposit. Liabilities on outstanding drafts were estimated at $25,000. making the total indebtedness about $97.000, against which he estimates as assets available within thirty to sixty days $69.100 cash and $35,000 in short time paper. The principal cash items are $9,000, said to be on hand in the bank, $25,000 in exchange deposits and $20,000 in shingle paper. Among the doubtful assets are four loans, made in 1892, as follows: Two thousand five hundred dollars to Nelson Bennett: $1,000 to Henry Blackwood, Bennett's secretary: $5,000 to Paul Schulze and $4,900 to a Mr. Costello, making $13,500 in all, for which Mr. Bennett has given as security a receiver's certificate of the Yakima Ditch Company for $3,000: the Associated Press franchise of the Tacoma Ledger, and a mortgage upon the plant for $34,000 and an assigned contract for the paper's linotype machines, upon which $1,200 is yet to be paid. Bennett nominally holds 315 of the 500 shares of the bank stock, the total capital being $50,000. but he has hypothecated $21,500 of It to the Bank of British Columbia to secure a loan of $12,500, and it is reported that this stock can be purchased for 65 or 70 cents on the dollar and perhaps less. It is proposed that the business men here secure this stock, reorganize the bank, change its name and go on with the business, obtaining extensions from depositors on the following basi Twenty-five per cent. cash when the bank opens: 25 per cent. in six months: 25 per cent. in one year and 85 per cent. in fifteen or eighteen months. the expectation being that these obligations would all be met within a year. The matter was still further considered this evening at the meeting of the Board of Trade. when the committee appointed last evening to interview Bank Examiner Flynn made its report. The bank has been of more assistance to the lumber and shingle Interests of the county than all the others combined. and the business men generally seem to feel that It ought to be reopened and reorgantzed so as not to be a one man institution. The is now only one national bank in operation in the county. the Fairhaven National, at Fairhaven, and only two private hanks. the Citizens'. at Fairhaven, and the Puget Sound Loan, Trust and Banking Company, here. The latter will not receive any large deposits now, the cashier saving that he cannot make loans with any safety so long as there is danger of a run at any time. and he does not want to be responsible for them.

12. November 25, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 25, 1895

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The Whatcom Bank Failure. Whatcom, Nov. M.-Special-The capital stock of the suspended Puget Sound Loan, Trust and Banking Company is nominally $125,000, but a considerable portion of It was never paid up, except in notes which now have little or no value. The largest and most responsible bona fide stockholder is Erastus Bartlett, of San Francisco. Among the paper stockholders are two or more of the directors of the suspended Bellingham Bay National. A large part of the bills receivable for $102,000 are admittedly of little or no value and the real estate and mortgages listed at $73,000 could be disposed of now only at a very heavy sacrifice. The suspension, however, will not materially increase the stringency here. as the deposits were small and the obligations are mostly upon extensions upon old claims and for money borrowed to reopen after the suspension in July, 1893.

13. December 6, 1895 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, December 6, 1895

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RECEIVER APPOINTED. Washington, Dec. 5.-The controller of the currency has appointed Joseph B. Dawson, receiver of the Bellingham Bay National Bank, of New Whatcom, Wash.

14. December 6, 1895 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, December 6, 1895

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A Receiver Appointed. Washington, Dec. 5.-The comptroller of the currency has appointed Joseph B. Dawson as receiver of the Bellingham Bay National bank of New Whatcom, Wash.

15. December 6, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 6, 1895

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DOMESTIC DOTS. Telegraph News from All Parts of the Land Over Which the Stare and Stripes Wave. 1 WASHINGTON.-The comptroller of the currency has appointed Joseph B. Dawson as receiver of the Bellingham Bay National bank of Whatcom, Wash.

16. December 12, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 12, 1895

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Bellingham Bay News. Whatcom, Dec. 11.-Special.-City Treasurer Van Wyck has about $1,800 of city money tied up in the suspended Bellingham Bay National bank, and a small balance in the Bennett National, and has made a proposition to the council to mortgage his property to secure the city and obtain the release of his bondsmen. The city has never had a more competent or popular treasurer, or one in whom more confidence is felt. It is said that another change in the management of the Fairhaven WorldHerald is likely to be made about January 1.

17. May 1, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 1, 1896

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PERSONAL. Dr. J. A. Beebe, of Tacoma, is staying at the Stevens. P. S. Cook, a cannery man of Anacortes, is at the Stevens. Mr. and Mrs. F. H. Brownell, of Everett. are at the Rainier-Grand. J. A. McDonald, an Anacortes real estate broker. is at the Diller. J. H. Parker, a shingle manufacturer of Deming, is at the Northern. Mr. and Mrs. A. D. Clement, of Centralia, are staying at the Northern. Mrs. Benjamin Colby left last night for Boston, where she will spend the summer. J. B. Dawson, receiver of the Bellingham Bay National bank, at New Whatcom, is at the Butler. J. H. Bloedel, manager of the Blue Canvon Coal Company at New Whatcom, IS at the Butler. W. H. Broome, agent of the Great Northern at Everett, is at the Northern, accompanted by his wife. George W. Tibbetts, the pioneer of North Bend, and the owner of a creamery there, is at the Diller. Capt. C. L. Hooper, of the United States revenue cutter service, and Miss Hooper, are guests of the Butler. R. C. Stevens, general Western passenger agent of the Great Northern, returned yesterday from a visit to Vancouver and Victoria. Albert A. Burleigh, president of the Bangor & Aroostook Railroad Company, accompanied by his wife and daughter, is registered at the Butler, from Houlton, Me. A. M. Dadien, the restaurant man, who went to Cripple Creek a short time ago to go into business there, returned yesterday. Mr. Cadien says Seattle is good enough for him. He left there before the big fires had nearly wiped the town out of existence.

18. May 21, 1896 Lincoln County Leader Toledo, OR
Article from Lincoln County Leader, May 21, 1896

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Two bears were killed near Sealand last week. Work is to begin at once upon a speed track for Port Townsend. Waitsburg expects the largest strawberry crop this year in its history. Hog cholera in a mild form is prevalent in the west side of the Kittitas valley. E. G. Grindrod, of Kittitas county, is experimenting in the cultivation of the Australian salt bush plant. Mandamus proceedings have been begun against the city treasurer of Port Townsend to compel him to use the cash on hand to pay old warrants outstanding. The Auburn Argus says it is safe to say that not one-quarter of the hop acreage will be cultivated this year in the Green river district. as compared with former years. Mrs. Dulcinea Ridgeway died in Buckley May 12, at the age of 76. She came to Oregon with her husband in 1852, and settled near Lebanon, where most of her life was spent. C. Staser, chairman of the Adams County Immigration Association, has opened a correspondence with a view to securing for that county a colony of Dunkards, who contemplate coming to Washington from Indiana. The case of leprosy that has been discovered in Seattle is a puzzling one. It is hard to know whether the expense attendant upon the matter should be borne by the state or the county, and not very easy to decide what shall be done with the man. There is a lazaretto in British Columbia, maintained by the Dominion government. Possibly the institution would receive the unfortunate man if application were made. In that event Washington state would have to stand the expense. The Boundary Mining and Investment Company has been incorporated, with headquarters at Spokane. The capital stock is $50,000, and the purpose is to operate mining properties in the United States and British Columbia. The American Lake road was sold last week in Tacoma to Robert Wingate by Receiver Ellis for $8,400. The road was originally built as the terminus of the Union Pacific line in Tacoma. It will be equipped electrically, and run as a suburban line. The deposit of the Whatcom county treasurer in the defunct Bellingham Bay National bank was secured by a $25,000 bond, and by a first mortgage on the bank building, valued at $60,000, which, by the way, is the amount of the capital stock of the bank. It is expected, if present arrangements are carried out, that the cannery at Blaine will be well under construction, if not completed, by the 1st day of June next. The cannery will have a capacity of at least 500 cases per day, utilizing two retorts and other paraphernalia for a cannery of this capacity. The Hugh Gillighan will case, set for hearing before Judge Arthur at Spokane, was continued until June 8. Gillighan was the miner who died at Medical Lake and left $13,000 in the Cheney bank, with a memorandum for

19. May 22, 1896 Cottonwood Report Cottonwood, ID
Article from Cottonwood Report, May 22, 1896

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Suspended Bank Dividends, Washington, May 17.-Comptroller els has declared dividends as follow first dividend, 15 per cent, in favor creditors of the First National ban South Bend, Wash., on claims P amounting to $52,302.06. A first divid 15 per cent, in favor of the creditos the Bellingham Bay National ban New Whatcom, Wash., on claims P amounting to $64,325.39.

20. May 22, 1896 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, May 22, 1896

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Suspended Bank Dividends. Washington, May 17.-Comptroller Eckels has declared dividends as follows: A first dividend, 15 per cent, in favor of the creditors of the First National bank of South Bend, Wash., on claims proved amounting to $52,302.06. A first dividend, 15 per cent, in favor of the creditors of the Bellingham Bay National bank of New Whatcom, Wash., on claims proved amounting to $64,325.20.

21. May 23, 1896 The Silver Blade Rathdrum, ID
Article from The Silver Blade, May 23, 1896

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Suspended Bank Dividends. Washington, May 17.-Comptroller Eckels has declared dividends as follows: A first dividend, 15 per cent, in favor of the creditors of the First National bank of South Bend, Wash., on claims proved amounting to $52,302.06. A first dividend, 15 per cent, in favor of the creditors of the Bellingham Bay National bank of New Whatcom, Wash., on claims proved amounting to $64,325.29.