22128. Bennett National Bank (Bellingham, WA)

View Charter #4171 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4171
Charter Number
4171
Start Date
November 5, 1895
Location
Bellingham, Washington (48.750, -122.475)

Metadata

Model
gpt-5-mini
Short Digest
1a7d506c

Response Measures

Capital injected, Full suspension, Books examined

Other: Bank reopened after collections and partial creditor extensions; later permanently suspended and placed in receivership.

Receivership Details

Depositor recovery rate
82.3%
Date receivership started
1896-09-19
Date receivership terminated
1902-02-24
OCC cause of failure
Losses
Share of assets assessed as good
18.5%
Share of assets assessed as doubtful
64.4%
Share of assets assessed as worthless
17.1%

Description

The Bennett National Bank experienced a run Nov 4–5, 1895 (precipitated by the failure/suspension of the Bellingham Bay National), suspended and was placed in the hands of an examiner/temporary receiver, then reopened Dec 19, 1895. It suffered a second suspension on Sept 14, 1896 (withdrawals attributed to silver/free coinage agitation), was placed in receiver P. W. Strader (Nov 1896), and later treated as insolvent with dividends declared (Feb 1897). The sequence is ultimately a closure after runs and suspensions, so classified as run_suspension_closure. Dates derived from newspaper reports; city given as New Whatcom / Bellingham per the articles.

Events (9)
1. December 4, 1889 Chartered
Source
historical_nic
2. November 5, 1895 Run
Cause
Local Banks
Cause Details
Run precipitated by suspension/failure of the Bellingham Bay (Bellingham Bay National) bank and general distrust from Tacoma bank troubles.
Measures
Directors met, resolved not to open next morning and wired comptroller to place the bank in hands of examiner; temporary receiver later appointed.
Newspaper Excerpt
The suspension of the Bellingham National bank precipitated a run on the Bennett National Bank, which continued to the close of banking hours.
Source
newspapers
3. November 5, 1895 Suspension
Cause
Local Banks
Cause Details
Bank suspended after run triggered by failure/suspension of nearby Bellingham Bay National and general distrust from regional bank troubles (Tacoma).
Newspaper Excerpt
The directors held a meeting and decided not to open in the morning, and also to ask the comptroller of the currency to place the bank in the hands of the examiner temporarily.
Source
newspapers
4. December 19, 1895 Reopening
Newspaper Excerpt
The Bennett National bank ... will open for business tomorrow; the Bennett National bank ... was reopened for business today. It was forced to suspend November 5 ... will open for business tomorrow with nearly percent of the liabilities to depositors hand in cash and exchange ... Nelson Bennett pays the money friends borrowed ... Receiver Flynn had charge during six weeks and collections realized to open the bank again.
Source
newspapers
5. September 14, 1896 Run
Cause
Macro News
Cause Details
Large withdrawals by depositors frightened by the silver/free coinage agitation (preference for gold), causing inability to meet demands.
Measures
Bank posted notice of suspension promising to pay depositors in full; assets described as largely bills receivable and receiver later appointed.
Newspaper Excerpt
Withdraw their money because of the agitation in favor of free coinage. ... the Bennett National Bank ... closed its doors this morning, announcing that owing to the steady withdrawal by depositors during the last six weeks it could not meet the demands made.
Source
newspapers
6. September 14, 1896 Suspension
Cause
Macro News
Cause Details
Suspension resulted from sustained withdrawals attributed to silver agitation and resulting loss of depositor confidence.
Newspaper Excerpt
The Bennett National bank posted a notice of suspension today. The reason given for the failure was the withdrawal of deposits beyond the power of the bank to respond.
Source
newspapers
7. September 19, 1896 Receivership
Source
historical_nic
8. November 9, 1896 Receivership
Newspaper Excerpt
P. W. Strader, whose appointment as receiver of the Bennett National bank, of this city, was announced ... is vice president of the Citizens' bank of Fairhaven ... P. W. Strader has been appointed receiver of the Bennett National bank of New Whatcomb, Wash.
Source
newspapers
9. February 15, 1897 Other
Newspaper Excerpt
The comptroller of the currency has declared dividends in favor of creditors of insolvent national banks as follows: 20 per cent Bennett National Bank, of New Whatcom, Wash.; ... (insolvent bank dividends).
Source
newspapers

Newspaper Articles (24)
1. November 5, 1895 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, November 5, 1895

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ANOTHER BANK SUCCUMBS. Bennett Nutional Also Goes to the Wall. New Whatcom, Nov. 4.-The suspension of the Bellingham National bank precipitated a run on the Bennett National Bank, which continued to the close of banking hours. This evening the directone held la meeting and decided not to open in the morning, and also to ask the comptroller. of the currency to place the bank in the hands of the examiner temporarily. The directors say that with. in thirty days sufficient lessets can be realized upon to settle with all creditors. September 28 the total resources of 'the bank were $207,461 and the liabilities to depositors $117,849. The deposits this morning amounted to $98,000, and the withdraiwals today were $23,000. There is now due from other banks $20,000.

2. November 5, 1895 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 5, 1895

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TWO BANKS CLOSE. One Bank Fails at New Whatcom, Wash., Compelling Anotherto Do So. NEW WHATCOM, Wash., Nov. 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. The cashier reports the liabilities, approximately, $105,000, of which $77,000 is due to the 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. The directors held a meeting and adopted a resolution not to open this morning, and directing the president to wirethe comptroller of the currency to place the bank in the hands of the examiner.

3. November 6, 1895 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 6, 1895

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TWO BANKS CHOSED, A Tacoma Failure Causes Trouble for New Whatcom Institutions. New WHATCOM, WASH., Nov. 5.-The Beilingham Bay National Bank has closed its doors by order of the directors, being unable to meet the county treasurer's demand for the county de. posit. The cashier reports the liabilities approximately at $103,000, 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 a 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. The directors say that within thirty days sufficient assets can be realized on to settle with all creditors.

4. November 7, 1895 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, November 7, 1895

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National Bank Suspensions. NEW WHATCOM, WASH., November 6.-The failure of the Beilingham Bay National Bank Monday resulted in the suspension of the Bennett National Bank yesterday morning, leaving only one other banking concern in the city. Nelsor Bennett, of the Tacoma Ledger, is the heaviest stockholder in the institution.

5. November 9, 1895 Spirit of the Age Woodstock, VT
Article from Spirit of the Age, November 9, 1895

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TWO BANKS CLOSE DOORS. Suspension of One in Washington State Causes a Run on Another. NEW WHATCOM, Wash., Nov, 7-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. President Morgan says the suspension is due to a steady withdrawal of deposits and a general feeling of distrust.since the recent Tacoma Bank trouble. The suspension of the Bellingbam Bay National Bank precipitated a run on the Bennett National Bank, which continued until the close of banking hours. The directors had a meeting and adopted a resolution not to open.

6. November 14, 1895 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, November 14, 1895

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-Katherine Stratton. ELECTRIC FLASHES. Captain General Martinez Campos has begun active operations in the field in Cuba. Campos's saying it will take 150,000 men three years to conquer Cuba angers the Spanish. A woman named Dechene of St. Barnabe, P. Q., has taken no food for 65 days, the only thing she can swallow being a little water or tea. Although very weak, she is still able to move about and the doctors are puzzled with the case. 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 of 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. The funeral of the late Francis Hinten, who committed suicide in Paris, will probably be held in Milwaukee Tuesday. The authorities' failure to interfere with the recent prize fight in Superior between Jim Murphy and Tom Martin has emboldened the managers of the variety theater there to announce another mill. Rear Admiral Robert W. Shufeldt, relieved, died in Washington yesterday morning after a protracted illness. He had a notable record, having opened Corea to the world by treaty, surveyed the Tehauntepec canal, and played an important part in the civil war.

7. November 23, 1895 The Coeur D'alene Press Coeur D'alene, ID
Article from The Coeur D'alene Press, November 23, 1895

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PACIFIC NORTHWEST. Condensed Telegraphic Reports of Late Events. BRIEF SPARKS FROM THE WIRES Happenings of Interest is the Towns and Cities of Orogon, Washington and Idaho. Puyallup, Wash., has 821 school children registered. The city of Seattle was forty-four years old the 18th inst. There are sixty-six K. of P. lodges in Oregon. The first was organized June 26, 1873, in Portland. The county commissioners of Colfax county, Wash., are discussing the question of bonding the county debt and running on a cash basis. The Northern Pacific Railroad Company has commenced work on a sixstall roundhouse for the accommodstion of engines at Sprague, Wash. The rails of Port Townsend's street car line have been taken up and will be shipped to some Eastern city. There are about 200 tons of them. It cost Douglas county, Wash., $1,781.50 for four criminal cases, all of which were misdemeanors, and in one of which the culprit pleaded gulty. Governor McGraw has pardoned from the Walls Walla penitentiary Peter G. Burzman, who was sentenced from Seattle to ten years' imprisonment. It is unofficially announced that Oscar Huber, a civil engineer of Spokane, has been awarded the contracts for the surveys of the army posts and grounds at Spokane. An agreement has been reached by which I. Altman will take the entire stock of the firm of M. Cohn & Co., of Tacoma, that recently failed, and will pay off the chattel mortgages in full and pay 25 cents on the dollar to the general creditors. The semi-annual summary statement of the financial condition of Baker county. Or., shows that September 30, 1895, there were outstanding and unpaid warrants amounting to $174,079.56, and that the estimated interest thereon was $17,407.95. The Northern Pacific Railroad Company has settled with Mr. Fleet, the Douglas county stockman. for cattle killed in the wreck on the Central Washington several weeks ago. The amount of damages allowed him was something over $10,500. The United States grand jury at Walla Walls completed its work in four days notwithstanding there were a large number of cases to investigate, and was complimented by Judge Hanford from the bench for the capable and expeditions manner in which it performed its duties. George F. Hensmer, who is superintending the construction of the telephone line from Goble to Astoria, Or., says that the line will reach Astoria in about two weeks. A wagon road is being cut alongside of the line, so that when repairs are necessary they can be made with little difficulty. Receiver Philip Anderson, of the Tacoma National bank, of Tacoma, has been ordered by the controller of the currency to pay depositors a dividend of 10 per cent. Receiver Stuart Rice, of the Washington National, of the same city, has been ordered to pay 5 per cent. The city will be paid $2,200 as its share. Cashier W. G. Peters, of the Columbia National bank, of Tacoma, waived a preliminary hearing in United States Commissioner Worden's court in Tacoma, and was held for trial at the February term of the federal court. He was required to furnish a new bond in the sum of $10,000. The charge against him is making a false entry in the books of the bank. Cattlemen in Grant county, Or., are riding and collecting their herds for the winter. Hay is scarce in that county this winter, and the Long Creek Eagle predicts that many a hoof will be turned heavenward before spring. Several stockmen will take their herds to outside sections, where feed is cheaper and more plentiful. Some will drive to Morrow and some to Umatilla county. S. R. Flynn has partially made his examination of the affairs of the Bennett National bank, of New Whatoom, Wash. From such examination, and with a view to a probable reopening, he has had himself appointed temporary receiver. This step accomplishes two things. It prevents the appointment of a permanent receiver, and enables him to make collections. The work of dredging the marsh lands around Snohomish, Wash., will soon be completed. These lands were settled on early this year by a colony

8. November 29, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 29, 1895

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Bellingham Bay News. Whatcom, Nov. 28.-Special.-Greenberg Bros. have made a proposition for a settlement with their creditors for 50 cents on the dollar. There is only a tri-weekly train service now on the Great Northern between here and Blaine and New Westminster. Officers of the suspended Bennett National bank are daily expecting to hear from Comptroller Eckels in regard to the conditions required for reopening. The. report of Examiner Carson as to the condition of the Bellingham Bay National was forwarded to Washington City this week. William Phillips, a young Englishman who has been living alone on a ranch in the Nooksack valley above Lynden for some time, has been adjudged insane by Judge Winn, and committed to the asylum at Stellacoom. He imagined that his neighbors regarded him as a second Durrant, although as a matter of fact he was well liked by them, and so far as known hadn't an enemy in the world.

9. December 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1895

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Bellingham Bay News. Whatcom, Dec. 18.-Special.-The bark Germania, Capt. Pearson, arrived yesterday morning to load lumber at the Bellingham Bay Improvement Company's mill for San Francisco. Among the cases set for hearing this week before the supreme court at Olympla is that of James Gannon against J. M. Hitt, county superintendent of schools of this county, who refused to grant Ga non a teacher's certificate on the ground that he is not 3. man of good moral character. The superintendent won the case in the superior court here, although Gannon produced a 'number of favorable affidavits on the character question. It is said to be the first time the question has ever been raised in the state, and its determination by the supreme court will be noted@with much interest by superIntendents and teachers generally, Another case from this county now before the court is the damage suit of Johnson vs. Bellingham Bay Improvement Company. A truck loaded with lumber broke through a rotten plank in the company's mill wharf about three years ago and fell on Johnson, inflicting internal injuries from which he has never recovered. He obtained a verdict for $6,000 in the superior court, and the company appealed. An appeal will be taken by the city in the Collinsworth damage case, in which the jury gave judgment this week for $7,250 in favor of the plaintiff. Joe Peet, an Indian, has been sentenced by Judge Winn to four years' imprisonment in the penitentiary for stealing a team last summer-the same sentence, in point of time, that ex-Treasurer Isensee got for the "larceny by embezziement" of about $70,000 of the city's money. Matthew Casey, who broke into Hill's hardware store Thanksgiving night and was caught there, got a five-year sentence. A new and more favorable proposition for the reopening of the Bennett National bank was made to the creditors today, with very good results. The creditors are asked to grant extensions upon their claims covering a period of two years, instead of three, 00 per cent. to be paid the first year and 40 the second, the first payment to be 25 per cent. Some of the Bennett stock has been sold to local business men and a new board of directors is to be chosen. National Bank Examiner Lynch pays the bank a high compliment by saying that in all of his twenty-five years' experience he has never known a suspended bank to make so good a showing as the Bennett now does.

10. December 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 19, 1895

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BENNETT BANK OPEN TODAY. Nelson Bennett Pays the Money R Friends Borrowed. Whatcom, Dec. 18.-Special.-The Bei nett National bank. which was forced by sudden ran to suspend on November with aggregate liabilities of $81,000, will open for business tomorrow with nearly per cent. of the liabilities to depositors hand in cash and exchange, nearly all which has been realized from collectio during the six weeks the bank has been charge of Temporary Receiver Flynn. N a dollar's worth of its securities have be hypothecated to secure funds for the opening, and no officer or director is debtor to the bank. It will have the sat officers, but some changes have been ma in the board of directors. The new boa will consist of A. McKenzie, George Gage, Charles Sissna, S. Altschuler, W. Wharton, E. S. McCord and Henry Blac wood, President McKenzie and Mr. Blad wood being the special representatives Mr. Bennett's large interest. Much credit is due Mr. Bennett for h ing paid to the bank about.$10,000 for los which had been made upon his recomm dation, but for which he was only mora responsible, though he had voluntarily cured them. This includes $5,000 borroy by the late Paul Schulze. Receiver Fly will leave tomorrow for Spokane.

11. December 20, 1895 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, December 20, 1895

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New Whatcom's Bank Reopened, New Whatcom, Wash., Dec. 19.-The Bennett National bank, which was forced by a sudden run to suspend Nov. 5, with aggregate liabilities of $81,000, was reopened for business today.

12. December 20, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 20, 1895

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Bank at New Whatcom Reopened. NEW WHATCOM, WASH., Dec. 19-The Bennett National Bank reopened its doors to-day. It was forced to suspend November 5, when it was found that the liabilities were only $81,000.

13. December 24, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 24, 1895

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Bellingham Bay News. Whatcom. Dec. 23.-Special.-The shingle men of the county have effected a new organization and unanimously recommend the shutting down of all the mills in the county until there is a substantial improvement in price. Officers of the Bennett National Bank report that deposits have largely exceeded withdrawals since the bank reopened for business a few days ago and that a score or more of new accounts have been opened. George E. Brand, late deputy auditor. has resigned to engage in the feed business here and It is reported that he is likely to be succeeded by City Treasurer Van Wyck, whose term expires December 31. The postponed county teachers' institute for 1895 is to be held next week. The city schools, both here and in Fairhaven, closed Friday night until after the holidays.

14. September 15, 1896 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, September 15, 1896

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A Bank Failure. NEW WHATCOM, Washn., Sept. M.- The eBnnett National Bank posted IL notice of suspension to-day. The renson given for the failure was the withdrawal of deposits beyond the power of the bank to respond. The bank proinisen to pay all deposits. The aggregate liabilities $50,000, assets $125,000, of which $90,000 In receivable. This 18 the second suspension of the Bententt national bank within a year

15. September 15, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, September 15, 1896

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NEW WHATCOM FAILURE Frightened Depositors Cause the Collapse of the Bennett National Bank. Withdraw Their Money Because of the Agitation in Favor of Free Co nage. NEW WHATCOM, WASH., Sept. 14.The Bennett National Bank of this city closed its doors this morning, announcing that owing to the steady withdrawal by depositors during the last six weeks it could not meet the demands made. In the last month the withdrawals have been $60,000, which is over half of the deposits. The run has been by people who were frightened by the silver agitation and preferred to have gold instead of running the chances of being repaid in 53-cent dollars. The bank closed last December, but opened again under most promising circumstances. A statement of assets and liabilities cannot be secured until the bank examiner arrives, but Cashier Baldy states that the assets are in such shape that they can be realized on quickly. The total deposits at the last statement were $106,000, leaving about $50,000 to the credit of depositors.

16. September 15, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, September 15, 1896

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Its Second Suspension. NEW WHATCOM, Wash., Sept. 14.-The Bennett National bank posted a notice of suspension today. The bank promises to pay all depositors in full. The liabilities aggregate $50,000; assets, $125,000, of which $90,000 is in bills receivable. This is the second time the bank has suspended.

17. September 18, 1896 The Corvallis Gazette Corvallis, OR
Article from The Corvallis Gazette, September 18, 1896

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NEW WHATCOM BANK. Second Suspension of Bennett National Within a Year. New Whatcom, Wash., Sept. 16.The Bennet National bank posted notice of suspension this morning, "on account of the withdrawal of deposits beyond its power to respond." The notice further says that "All depositors will be paid in full." When called upon by the Associated Press correspondent, the officials, while not ready to make a detailed statement, said that the total liabilities are, in round numbers, $50,000, and the assets approximately $125,000, of which $90,000 is in bills receivable. No paper is hypotheoated, and it is believed that the assets are more than sufficient to meet all claims. The statement of the bank's affairs at the close of the business July 14, showed deposits of over $106,000, and the cash resources of $52,000. Since then more than half of the deposits have been withdrawn, the cause being generally ascribed to the general lack of confidence, due to financial agitation. This is the second suspension of the Bennett bank within a year, the heavy run of November 4 and 5 last, due to the failure of the Bellingham Bay National, having forced it into the hands of a receiver for about six weeks. It reopened December 19.

18. September 23, 1896 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, September 23, 1896

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NEWS IN BRIEF St. Paul is without money to run schools. A great gold find has been made near Rawlins, Wyo A gambling boat was dynamited Burnside, Ky. J. W. McBride has charge of the labor bureau in connection with Democratic national committee. The W. Deweese-Wood Iron mills McKeesport, Pa., Cambria Iron Works Johnstown, Pa., Arlington Cottor Mills, Wilmington, Del., Joliet branch of the Illinois Steel Company, have resumed work, employing about 6,000 men. Colorado mine owners propose manding of the smelters that coin be paid them for the product of their mines. which gold will be in paying off employes and will thus go into circulation. Frank P. Slavin knocked out Jake Kilrain at Baltimore in one round. Near Watonga, Ok., Farmer John Rucker was robbed and murdered two unknown negroes. whom the "Anti-Horse Thief association" trailing. Peter Henshaw, aged 23. committed suicide at Nevada, Mo., by taking strychnine. after a call on a young lady to tentions. whom he had been paying The Bennett National bank of New Whatcomb, Wash., has suspended cause of the withdrawal of deposits beyond the power of the bank to spond. S. C. Ruckman of Fay, Blaine county, Ok., wasmurdered by negroes Coffin, Altemus & Co., the oldest dry failed. goods house in Philadelphia, Herman Parker. aged 4, was suffocated in a flaxseed bin in his father's barn near O'Neill, Neb. Pawnee Indians drew $65,000 nuity money, and theskin game "con" men got lots of it. T. J. Bryan, a cousin of the presidential candidate, is in jail at Little Rock for obtaining money under false pretenses. Spain has backed down and conceded civil trials to the Competitor crew, among whom is Owen Melton, the Kansan. Absconding Cashier Thompson of Sedalia is now tie and wood inspector on the Mexican Central, with headquarters in the City of Mexico. Two men and twenty-five horses lost their lives in a fire which partially destroyed Albert Manger's ery stable in Milwaukee, Wis. Cashier William G. Porter, Jr., of the failed Bank of Kansas City, Kan. is under arrest for receiving deposits when he knew the bank was insolvent. Six Indians got drunk and wounded Agent Gitlaim at Big Jim's crossing Little river in attempting to hold him up. A posse pursued the reds and killed every one of them. President Stewart of Fort Scott's police board, has withdrawn his resignation as commissioner and will leave the Methodist church instead of throwing un his job. He had been condemned by quarterly conference for allowing open saloons in Fort Scott. The New York police think they have Bill Dalton, the notorious Western desperado, who has been slain times without number, located Gotham and they are searching for him. A young man supposed to be Bill Dalton's son is under arrest for robbery, and it is believed that Dalton, pater, was his accomplice. Dress shirts are laundered in Chicago now for 3 cents, because of a rate war At Las Vegas, N. M., Jose Perea shot himself and his fiance in a fit of jealous rage. Nellie Sparks of Marshall started to school at St. Louis but eloped with Newman Newell and was married and obtained parental forgiveness instead. Charles A. Huff, who has been cutting a wide swath in Topeka society, is an ex-convict and his money being all spent he has disappeared, leaving creditors in the lurch. Leaders of the conspiracy against Spain in the Province of Cavette, Phillippine Islands, have been shot. Foreigners in Constantinople say that 5,000 Armenians were killed during the recent riots. Corbett and Fitzsimmons have agreed to a finish fight some time next Sujads Four persons killed and sixteen seriously injured is the result of a wreck on the Arcata and Mad railroad, about five miles north of Arcata, Cal. Provided satisfactory freight ar. rangements can be made with the

19. September 26, 1896 The Madisonian Virginia City, MT
Article from The Madisonian, September 26, 1896

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FINANCE AND TRADE. Large sales of wheat for export caused an advance of 3 cents in price. The Bennett national bank of New Whatcom, Wash., has suspended. Depositors will be paid in full. The Bank of England raised the bank rate from 2 to 21/2 per cent, on account of continmed exports of gold. Bank Examiner Stone, in charge of the suspended Sioux City bank. announces that all depositors will be paid in full. The directors of the Western Union Telegraph company have declared the regular quarterly dividend of 11/4 per cent, payable Oct. 1. The directors of the American Sugar Refining company have declared the regular quarterly dividend of 3 per cent on the common and 13/4 cent on the preferred stock. United States Consul Savage at Dundee. Scotland, a great jute manufactur. ing center, reports that the forecasts from India are for a 25 per cent short. age in the jute crop.

20. October 1, 1896 The Pioche Weekly Record Pioche, NV
Article from The Pioche Weekly Record, October 1, 1896

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PACIFIC COAST NEWS. Important Information from All Over the Coast. NEWS OF THE WEEK CONDENSED. A Budget of Miscellaneous Jottings Briefly and Curtly Told in this Column. The Bennett National Bank of New Whatcom, Wash., has failed. Orders have been issued to complete the Valley road into Fresno at once. The Oakland City Council has animously nance. passed the new milk ordi- unO. W. Winthrop was found guilty of waiian robbing millionaire. James Campbell, the HaCoal the has been discovered on the land of Eden Salvonian Catholic colony in Valley, Mendocino county. Mrs. Phoebe Hearst has offered donate use of a farm at San Anselmo for the to Farm. the Presbyterian Orphanage and The Market-street system of street cars Portland in San Francisco will imitate pliances. by putting on sprinkling apThe Fifth International Irrigation Congress in a will meet at Phoeinx, A. cember three-day's 15th. session, beginning] De. T., Voting for Placer county's chrysanThe themum queen began September early fiesta in November. will be held in Auburn 9th. Neither the library at the State lighted University !nor the campus will lack the coming year because of be namos. of money for running _the dy. the Piper, Aden, Goodall & Co. say that they are about ready to commence the construction which of the Alviso railroad San Jose. is to connect that bay town with Sacramento citizens will present testimonial J. to brave engineer Martin a ing Ingles, the who saved his train by killing masked robber who was pointa pistol at his head. The annual convention of the State San Teachers' Association will be held Jose beginning December 28th and in continuing that three days. It is expected 2000 teachers will attend. San Jose will have an election d of the puporse of voting upon the issuance for $150,000 worth of bonds for the building of a new high school and completing the main sewer. A syndicate of Tacoma and Victoria men have quietly built a good-sized powder factory on the tide flats and joining the Puyallup Indian reservation add have just begun operating it. The demand for mining property is Siskiyou improving conditions in Shasta and will be counties. Electric "power river, used to run mills all along the as wood is growing scarce. crowd The State of Fair has attracted a great the law toughs to Sacramento, and on now prohibits arrests merely as ing suspicion, the footpads are terrorizpeople and cutting the harness on 10 family rigs. ed al Bandits made a raid on the Mexican State custom of house at Las Palomas, in the driven Chihuahua, Mexico, but were as Two off by the customs officials. two bandits were killed outright, and officials mortally wounded. m safe An in attempt was made to rob the the office of County Treasurer, of William Jackson, at Redidng, Shasta ne county, recently. The robbers were ne unsuccessful, lock" as the vault had a "time and could not be opened. to ed from Electric power is to be transmitted of mother the summit of the Sierra to the ry city of lode, and from that point to in force Stockton, where the mountain the 1e will be utitlized in industrial of projects and for illuminating purposes. he The San Master Bakers' Association, ly of at Francisco, and representatives es tered wholesale flour dealers, have xt credit into an agreement by which en of is to be given only to members frauds. the association. This is to prevent in The value of mortgages on real and he personal property in Napa county is $2,309,050. The grand total of the d, turned assessed value of the county as re th pared in a financial statement us he 13,181,579. by County Auditor Deweese, pre is de ly The Associated Charities of San Jose by intend tem of to inaugurate the Pingree refamilies farming to assist the many poo sys rst of who apply for aid. The ng vacant lots and lands in or near us th city will be solicited and turned int vegetable gardens. J. J. McCarthy, the alleged ring leader nellers of the First National Bank tun now under arresst in San Fran cisco, with says that he had nothing to de nd ing the job, although he admits hav d the been in Los Angeles at the time 11, attempted robbery. al. The First Presbyterian Church o to Fresno The has been destroyed by fire

21. November 10, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 10, 1896

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Bennett National Receiver. Whatoom, Nov. 9.-Special.-P. W. StraMer. whose appointment as receiver of the Bennett National bank, of this city, was announced in the Post-Intelligencer yesterday. is not a resident of Mount Vernon, as stated in the dispatch, but is vice presSdent of the Citizens' bank. of Fairhaven, where his home is. He went to Cincinmart some weeks ago where he formerly resided. and has not yet returned. He same to Fairhaven early in the boom pested there and went Into the banking business with H. W. Kinney under the firm name of Strader A Kinney. A few aronths later the bank was incorporated under the state law with C. X. Larrabee as president; P. W. Strader, vice president, and H. W. Kinney as cashier. It is now the only incorporated bank in Whatcom county.

22. November 12, 1896 The Worthington Advance Worthington, MN
Article from The Worthington Advance, November 12, 1896

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There were 230 business failures in the United States in the seven days ended on the 6th, against 270 the week previous and 280 in the corresponding period of 1895. After 46 years of diligent search Charles Thompson, of Lenox, N. J., has been united with his brothers and sisters, from whom he was separated when only 11 years of age. The Volunteers of America, the Ballington Booth section of the Salvation Army, were incorporated with the secretary of state at Albany, N. Y. Louis A. Brown and Harman Shepers were fatally injured in a mine in Cripple Creek, Col., by a premature explosion. Capt. Hatfield, the noted outlaw of West Virginia, who has murdered 17 men in the past 20 years and has never yet entered a courtroom, was placed in jail at Huntington. The famous steam tug and alleged Cuban filibuster Three Friends was seized at Jacksonville, Fla., on advices from the treasury department, charged with violation of the neutrality laws. William H. Treworgy, lumber dealer in Boston, failed for $300,000. Two men and a boy who were stealing a ride on an Erie freight train were instantly killed near Wellsville, N. Y. The plant of the Boston Bridge company, situated in Cambridgeport, Mass., was burned, the loss being $100,000. Inspector Gen. Breckinridge, of the army, in his annual report shows that accounts of disbursing officers aggregating over $72,000,000 have been examined during the year. The annual report of Frank H. Jones, the first assistant postmaster-general, shows that the total number of presidential offices July 1 last was 3,651. For the fiscal year ending June 30, 1898, the report asks for appropriations of about $43,000,000. The Iowa legislature will meet in ex-*ra session at Des Moines January 19 next. James Michaels rode ten miles on a bicycle at New Orleans in 19:25, breaking the American record, and made five miles in 9:12, breaking the world's record. All railway records between Chicago and the Mississippi river were broken by the Rock Island Railroad company, which ran a special train from Rock Island to Chicago, a distance of 181 miles, in 3 hours and 30 minutes. In a fierce storm the three-masted schooner Waukesha went to pieces off Muskegon, Mich., and Capt. Corbett and six sailors were drowned. P. W. Strader has been appointed receiver of the Bennett national bank of New Whatcomb, Wash. Dispatches from all sections of the land announce resumption of work on full time with full forces by industries of all kinds. Otis V. Thomas, W. B. Peters and Willis H. Connor, members of an organized gang of forgers, were arrested in New York. The dry goods establishment of Lawrie & Robson at Indianapolis was burned, the loss being about $100,000.

23. February 16, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, February 16, 1897

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NEW YORK MINING STOCKS. Ontario Bulwer $0.50 $9 00 80 85 Cholor Ophir 20 20 Crown Point ..... Plymouth 1 00 Quicksilver Con., Cal. & Va 1 90 1 00 10 00 Deadwood do pfd 40 30 Sierra Nevada ... Gould and Curry Hale and Norcross 1 10 Standard 1 50 29 00 Homestake Union Con 35 32 Iron Silver Yellow Jacket 25 Mexican 40 FOREIGN FINANCIAL. NEW YORK, Feb. 15.-Evening Post's London financial cablegram: Because of the political situation the stock markets were flat today, with wide fluctuations. Consols opened at 1121/4, fell to 111½, and closed at 112. Prices at the close were generally better on the less panicky condition of the continental bourses. The latest report in the stock exchange this evening is that Germany is to intervene, with the consent of the powers, between Greece and Turkey. This is only stock exchange information, but I give it, because it determined the tone at the close. There is good buying today at the reduced prices. Americans were flat in sympathy with the other markets. Silver was flat and much disturbed by cables reporting that Japan is about to adopt the gold standard. Berlin, Feb. 15.-Business on the bourse today here opened flat in all departments on the news from the East, aggravated by a panic at Vienna, but prices closed firmly, on the semi-official announcement of the German government on the Cretan question. Paris, Feb. 15.-On the bourse here today business opened panicky, but after fluctuations, there was a recovery. Frankfort, Feb. 15.-Business was unsettled on the bourse here today. Americans were ½ point lower. INSOLVENT BANK DIVIDENDS. WASHINGTON, Feb. 15.-The comptroller of the currency has declared dividends in favor of creditors of insolvent national banks as follows: 20 per cent Bennett National Bank, of New Whatcom, Wash.; 20 per cent Citizens' National bank, of San Antonio, Texas; 20 per cent First National bank, of Ithaca, Mich.; 10 per cent Black Hills National bank, of Rapid City, S. D.; 10 per cent Farmers' National bank, of Portsmouth, O.; 20 per cent National Bank of Pendleton, Or. NEW YORK MONEY. NEW YORK, Feb. 15.-Money on call easy at 1½2 per cent; last loan, 1½; closed offered at 11/2@13/4 per cent. Prime mercantile paper, 3@4 per cent. Sterling exchange strong, with actual business in bankers' bills at $4.87@4.87 for demand and $4.85@4.851/4 for sixty days. Posted rates, $4.851/2 and $4.871/2@4.88. Silver certificates, 645/@65c. Bar silver, 645/3c. TREASURY STATEMENT. WASHINGTON. Feb. 15.-Today's statement of the condition of the treasury shows: Available cash balance, $216,874,912; gold reserve, $146,178,274. CHICAGO MONEY. CHICAGO, Feb. 15.-New York exchange unchanged. Foreign exchange firm; demand, $4.871/2; sixty days, $4.851/gc. BANK CLEARINGS. St. Paul-$622,263.06. Minneapolis-$1,148,175.23.

24. March 21, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 21, 1897

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Federal Court Notes. Jullus Nicholas, a native of Denmark, was yesterday admitted to citizenship. The petition of the Washburn-Moen Manufacturing Company was yesterday filed in the United States circuit court, in the case of the Front Street Cable Railway Company vs. James C. Drake and the Washburn-Moen Manufacturing Company, to which Dexter Horton & Co. have filed a cross-complaint. The petition asks for the sale of the road to satisfy claims amounting to $18,466.38. The arguments will be heard March 25, at 10 a. m. Judgment in favor of the plaintiff was yesterday entered in the case of P. W. Strader, receiver of the Bennett National bank. of New Whatcom, vs. the Pacific Coast Milling Company. Ella M. Addison is made a joint prosecutor under a separate title. The action is one involving a large number of promissory notes and mortgages given in 1895 and 1896 to the Bennett National bank, the Temple Pump Company, Tatum & Bowen and C. L Ayerst, the aggregate sum reaching nearly $30,000, not including accrued interest. Judge Hanford ordered the property sold within twenty days. No bid of less than $10,000 will be accepted. and the purchaser must deposit with the court the costs of sale. The judgment also recites that the claim of the Bennett National bank shall be a first lien on the funds derived from the sale.