Fairhaven National Bank - Bellingham, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4387
Charter Number: 4387
Start Date: August 14, 1896
Location: Bellingham, Washington (48.718, -122.507)

Metadata

Model: gpt-5-mini
Short Digest: 74c2ba70

Response Measures

None

Description

Contemporary newspaper reports (Aug 1896) state the Fairhaven National Bank closed its business as a banking institution and is voluntarily liquidating and paying off its depositors in full. No run is reported. The action is voluntary liquidation resulting in permanent closure. Dates inferred from publication dates (closure described as occurring the prior Friday to Aug 19, 1896).

Events (4)

1. August 2, 1890 Chartered

Source: historical_nic

2. August 14, 1896 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily closed business and is liquidating assets and paying depositors in full; described as a voluntary winding up rather than a failure or regulatory closure.
Newspaper Excerpt: 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.
Source: newspapers

3. September 9, 1896 Other

Newspaper Excerpt: The shareholders of the Fairhaven National Bank will meet next Friday to vote concerning the voluntary liquidation of the bank for the transaction of any other business proper to come before the meeting (San Francisco Call, 1896-09-09).
Source: newspapers

4. October 10, 1896 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (4)

1. August 19, 1896 Elmore Bulletin Rocky Bar, Mountain Home, ID

Article from Elmore Bulletin, August 19, 1896

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Article Text

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.

2. August 20, 1896 Lincoln County Leader Toledo, OR

Article from Lincoln County Leader, August 20, 1896

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Article Text

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.

3. August 27, 1896 The Islander Friday Harbor, WA

Article from The Islander, August 27, 1896

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Article Text

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 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 equalized by the county commissicners 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. The hay harvest in Stevens county is over and the work of baling hay for shipment has begun. The yield will be an average of 50 per cent less than what it was last year in the upper portion of the Colville valley. The wild fruits are unusually abundant this summer, and since the hay harvest there is a stampede of farmers' families into the mountain ranges in quest of huckleberries. The new county road from Keymes' landing to Chimacum, in Jefferson county, has been completed. As the county court of Baker county refuses to appropriate funds for the building of a road from North Powder to Baker City, the citizens of North Powder have taken the matter in hand and are endeavoring to raise funds for its construction. Baker City merchants have been asked to contribute. The road as proposed, will connect with the county road at York bridge, making it an even forty miles to Baker City, and will cost about $500. W. H. Kirkman, deputy clerk of the United States court at Walla Walla has resigned. His successor will. be Major C. B. Johnson, of Spokane

4. September 9, 1896 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, September 9, 1896

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Article Text

RECEIPTS OF PRODUCE. FOR 24 HOURS. 5 Flour, or sks 71,038 Butter. ctls 21 Washington 3,9 4 Cheese, ctls Wheat, cus 300 146,5:9 Eggs. doz 300 Washington 2,395 Hides, no 345 Barley, cils 52,120 Pelts, bdls Beans. sks 44,240 2,385 Wine, gals Oats, ctis 314 3,010 Wool, bis Potatoes. sks 2,966 3,861 Sugar, bbls 50 Onions, 8ks 727 Lumber, M feet.. Bran. sks 200 1,918 Quicksilver,fisks 325 48 Washington Flaxseed, W, sks 465 Middlings, sks 300 Shorts, W, sks Hay, tons 36 645 Leather, rolls Straw, tons 40 40 Tallow. ctls. PACIFIC COAST BONDS. Receiver A. H. Boyd of the Bank of Auburn, Wash.. has filed a report in the Superior Court in which he finds that the assets over liabilities amount to $18,689 39. The various assets, or the principal ones, are as follows: Notes and bills, $14,071 79; collateral, $4749 5 judgments, $4334 41; real estate, $8600. The receiver has been ordered to bring suit on all claims due the bank where, in his judgment, the interests of the bank will be forwarded. T. V. Walter, manager of the London and San Francisco Bank of Tacoma IS dead. He was formerly connected with the London and San Francisco Bank in Portland, and prior to that was in the Loldon and San Francisco Bank in this City. H.S. Talcott, who was appoi ted commissioner in the case of the Consolidated National Bank vs. Richard V. Haves et al. in San Diego County, has filed a certificate of the sale of 140 acres of land for $6624. The Los Angeles Times says that should the irrigation law be sustained the new water ipany, which is being formed at Glendora, Los Angeles County, will turn over its business to the district. By that time a more definite estimate may be made of the cost of getting water, and thus new bonds may be issued by the district if the Supreme Court of Washington gives a favorable ruling on the pending issue. Bids for the municipal bonds of Anaheim, amounting to $18,000, and bearing 6 per cent interest, payable semi-annually, will be ovened October 18. The election concerning an issue of bonds in the Woody school district, Kern County, will be held September 26. The stockholders of the Santa Barbara Consolidated Electric Company will decide October 31 on a proposition to create a bonded indestedness of the incorporation, to the amount of $150,000, and the execution of a deed of trust to secure said bonded indebtedness and the interest that may ACcrue thereon on the property of the corporation, also to reconsider and rescind the resolution passed by the stockholders at their meeting on November 11, 895, by which the Board of Directors were authorized to create a bonded indebtedness in the sum of $150,000. The bonds which were authorized by the trustees of the North Tule School District in Kern County amount to $600. The money will build and furnish a new schoolhouse. A new company has recen. been registered in England to be known as the Gold Fields of Mexico, Limited, with a capital ock of £100,000, to carry on business as a financial, promoting and mining company In Mexico. The shareho ders of the Fairhaven National Bank will meet next Friday to vote concerning the voluntary liquidation of the bank for the transac ion of any other business proper to come before the meeting. The tax levy a: Ontario will be about $1 60 on every $100. The assessed valuation of Ontario as returned is $277,240. The amount to be raised in payment of bonded indebtedness and interest thereon is $1953. An sessment of $1 per share has been laid on the stock of he A. C. G. Lemon Association, having its principal place of business at Giendora, Los Angeles Count All mesto k of the Forest Grove Bank in Oregon has been purchased by A. Pfanner. Mr. Keep has retired on account of poor health, and the old corporation, since there was no necessity for further continuance, in view of Mr. Planner's sole ownership, has been dissolved. The city Trustees of Pomona have requested the Supervisors of Los Angeles County to levy a tax upon Pomona property to pay the $2800 interest on $40,000 school bonds this year.