22133. First National Bank (Bellingham, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4099
Charter Number
4099
Start Date
June 1, 1893*
Location
Bellingham, Washington (48.923, -121.973)

Metadata

Model
gpt-5-mini
Short Digest
c39330d7

Response Measures

None

Receivership Details

Depositor recovery rate
26.3%
Date receivership started
1893-06-27
Date receivership terminated
1897-10-19
OCC cause of failure
Losses
Share of assets assessed as good
30.8%
Share of assets assessed as doubtful
53.3%
Share of assets assessed as worthless
15.8%

Description

The First National Bank (of Whatcom/New Whatcom, now Bellingham) suspended/closed its doors around June 22–23, 1893. Articles mention an incipient run weeks earlier but emphasize the immediate cause as inability to realize on securities amid the national monetary stringency. A receiver (George B. Blanchard) was appointed later in June, indicating permanent closure rather than a simple temporary suspension.

Events (5)

1. August 26, 1889 Chartered
Source
historical_nic
2. June 1, 1893* Other
Newspaper Excerpt
Two or three weeks ago there was an incipient run on the bank, but it did not amount to much ... (mentioned as prior to suspension). Cashier Atkins ... had nothing to say except that every depositor would be paid in full.
Source
newspapers
3. June 23, 1893 Suspension
Cause
Macro News
Cause Details
Inability to realize on securities amid the nationwide monetary stringency; articles state inability to realize on gilt-edge securities and general financial troubles forced the suspension.
Newspaper Excerpt
The First National Bank of Whatcom closed its doors to the public yesterday at 12 o'clock. ... Suspension for a time at least was their only alternative and as already stated, yesterday a notice to that effect was placed upon the bank's doors.
Source
newspapers
4. June 27, 1893 Receivership
Source
historical_nic
5. June 27, 1893 Receivership
Newspaper Excerpt
United States Bank Examiner Charles Clary ... received a telegram stating that George B. Blanchard, of Tacoma, had been appointed receiver for the banks.
Source
newspapers

Newspaper Articles (22)

Article from Fairhaven Herald, June 23, 1893

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National Bank Closes The First National Bank of Whatcom closed its doors to the public yesterday at 12 o'clock. Two or three weeks ago there was an incipient run on the bank, but it did not amount to much, and the directors thought they would be able to weather the severe financial storm through which the country is passing, but circumstances beyond their control rendered them unable to do 80. Suspension for a time at least was their only alternative and as already stated, yesterday a notice to that effect was placed upon the bank's doors. There was no excitement whatever about town, there being a confident feeling among the bank's depositors that there would be no loss, and few troubled themselves even to go to the bank and make inquiries. Cashier Atkins, when seen by a HERALD reporter, had nothing to say except that every depositor would be paid in full. The assets of the bank were more than ample to meet all liabilities, which were only about $50,000, while the securities held by the bank were more than double that sum. It might, under existing circonstances, take some time to realize on these, but of the ultimate payment of every dollar, there was absolutely no doubt. County Treasurer Rogers had on deposit a few thousand dollars, but this al-o secured by county warrants and other good collateral.


Article from The Morning Call, June 23, 1893

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THE PANIC UP NORTH. Oldest Bank in New Whatcom Shuts Its Doors. NEW WHATCOM, Wash., June 22.-The First National Bank, the oldest in the city, closed its doors to-day at noon. Cashier Atkins states that depositors will be paid in full. No statement has yet been sent out of assets and liabilities.


Article from The Indianapolis Journal, June 24, 1893

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Other Bank Suspensions. WASHINGTON, NJune 23.-Controller Eckels has been officially informed of the fallure, yesterday, of the following national banks: The First National Bank of Kendallville, Ind.; the First National Bank of Santa Ana. Cal.; the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Cleary to take charge of the Whatcomb Bank, and Bank Examiner Packard to take charge of the Kendallville bank temporarily. He has appointed Robert Wingate receiver of the Merchants' National Bank of Tacoma, Wash. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank, of this city. the largest bank in Niagara county. closed its doors at noon. Its deposits amount to over $700,000. Cashier Rankin says the assets are far in excess of liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted atother banks they were refused. President Porter is confident-that the bank will resume. He does not think a receiver will be necessary. NEW WHATCOM. Wash., June 23.-The First National Bank has closed its doors. The cashier states that depositors will be paid in full.


Article from The Portland Daily Press, June 24, 1893

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THE DAILY LIST. Banks and Business Houses Forced to Suspend-New York Troubles. NEW YORK, June 23.-Sheridan and Byrne, builders, are financially embarrassed. Their liabilities exceed $225,000. Abraham Steers, one of the largest lumber merchants and planing mill men in the city is temporarily embarrassed. being unable to get further accommodations. His creditors today granted an extension. His liabilities are $380,000, assets $475,000. Its Doors Still Closed. SAN FRANCISCO, June 23.-The Pacific National bank did not reopen its doors today. The deposits amount to about $1,500,000. Its loans and discounts are said to be $2,500,000. The embarrassment appears to be entirely due to the recent monetary troubles, and it is expected the depositors will lose nothing. The officers of the bank say they will resume in a short time. It may be that the closing down of the Pacific bank will result in the suspension of the People's Home Savings bank, a collateral institution, under practically the same management. Its total deposits are about $1,700,000. There is no apprehension as to runs on other banks. Cataract Bank Fails. NIAGARA FALLS, June 23.-The Cataract bank of this city the largest bank in Niagara county, closed its doors at noon. There is great excitement among the business men in consequence as over $700,000 of their money was on deposit there. Resources More Than the Liabilities. SAN FRANCISCO, Cal., June 23.-The People's Home Savings bank closed its doors this morning. It affiliated with the Pacific bank which closed its doors yesterday. The resources are said to exceed the liabilities. Depositors Forced the Suspension. MINNEAPOLIS, Minn., June 23.-The state bank of this city suspended payment this morning. Assurance is given that it will resume in a few days. The bank has a paid up capital of $75,000. Steady withdrawals by depositors were the cause of the action. A Week's Disasters. NEW YORK, June 23.-Bradstreet's reports 360 failures in the United States this week, against 159 for the week a year ago. Stood the Run for Five Days. SAN BERNARDO, Cal., June 23.-The First National Bank closed its doors today, after undergoing a run for the past five days. ) Banks Reported as Failed. WASHINGTON, June 23.-Controller Eckels has been officially informed of the failure yesterday of the following national banks: The First national bank of Kendallville, Ind.: the First national bank of Santal Ana, Cal., and the First national bank of Whatcom, Wash.


Article from The Sun, June 24, 1893

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Other Bank Failures, MINNEAPOLIS, June 23.-The State Bank of this city suspended payment this morning. the assurance being given to depositors that it would resume in a few days. The bank has a paid-up capital of $75,000. Steady withdrawals by depositors were the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, June 23.-A special from New Whatcom. Wash.. says the First National Bank closed its doors at noon yesterday. Inability to realize on its securities is the cause given for suspension. The bank's officials state that their assets are double their liabilities. and that depositors will be paid in full. GREENVILLE. Mich., June 23.-The failure of the City National Bank. which suspended payment yesterday, was due to a steady run on the bank. which has continued since June 1. The examination up to this time shows deposits of $210,000 and assets of $312,000. It is not known yet whether the bank will be able to resume or will be compelled to go into a receiver's hands. The bank was examined on Sept. 28. 1892. and reported in good condition. INDIANAPOLIS, June 23.-The First National Bank of Kendallville suspended payment today.


Article from The Roanoke Times, June 24, 1893

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MORE FAILURES. Three Western Banks Closed Their Doors Yesterday. SAN FRANCISCO, Cal., June 23.-The board of directors of the Pacific Bank decided not to reopen the doors this morning. The direct cause of the suspension was a notice from the Clearinghouse Association that the bank's paper would not be accepted hereafter. It has been known for some time that the bank was laboring under financial difficulties and the announcement of the action of the board does not create great surprise. It has a paid up capital stock of $1,000,000 and a nominal reserve of about $700,000, with deposits of about $1,500, 000, according to the recent official report. Its loans and discounts are said to be about $2,500,000. The failure seems to be altogether due to the recent monetary troubles. It is expected that the depositors will lose nothing. The suspension of the Pacific Bank resulted in the closing down this morning of the People's Home Savings Bank, a collateral institution under practically the same management as the Pacific Bank. The People's Bank was guaranteed a capital stock of $1,000,000, of which one-third is paid in cash. According to a recent statement of the People's Bank it has total deposits of $1,700,000. MINNEAPOLIS, Minn., June 23.-The State Bank, of this city, suspended payment this morning, assurance being given to depositors that it would resume in a few days. The bank has a paid up capital of $75,000. The steady withdrawals by depositors was the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, Wash., June 23. -The First National Bank, of New Whaleom, Wash., closed its doors yesterday. NORFOLK, Va., June 23.-Isaac Legum, a dealer in clothing and shoes, of this city, made an assignment to-day. His liabilities amount to $11,000. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank of this city, the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excess of the liabilities. Hon. Peter A. Porler is president of the bank and the Porter family are the largest stockholders Other wealthy people are also interested in the institution.


Article from St. Paul Daily Globe, June 24, 1893

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CAUGHT IN THE FLURRY. Three Banks Fail at New What. com, Wash.-Other Failures. NEW WHATCOM, Wash., June 23.The First National bank closed its doors yesterday. Inability to realize on its securities is the cause given for sus pension. The bank officials state that the ir assets are double their liabilitiesand that depositors will be paid in full. The Columbia also closed its doors today. NIAGARA FALLS, N. Y., June 23.The Cataract bank. of this city. the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected, and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excess of the liabilities. CHICAGO, June 23-Friedman & Friedman, wholesale clothing dealers, confessed judgment today for sums aggregating $67,300. The total liabilities of the concern are about $92,000. The assets are about the same. The failure is attributed to the stringency of the money market. WASHINGTON. June 23.-Comptroller Eckels today appointed Robert Wingate receiver of the Merchants' National bank of Tacoma, Wash. CINCINNATI, June 23.-W. Coflin & Son. owners of the Cincinnati Dry Dock company. assigned today to V. D. Collins and H. D. Peck. Assets and liabilities estimated at $50,000 each. The failure was hastened by the assignment of the Crane Lumber company, for which this firm had indorsed. KEARNEY, Neb., June 23. - The Kearney Paper Mill company assignéd this morning.


Article from New-York Tribune, June 25, 1893

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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.


Article from The Star, June 28, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL Comptroller Eckels has been officially in formed of the failure of the following National banks: The first National Bank of Kendallville, Ind.; the First National Bank of Santa Anna. Cal.; and the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Packard to take charge of of the Kendal'sville bank. At San Francisco the Pacific bank has closed. The Peoples Home Saving bank, under the same management, has also,gone down. At Greenville, Mich., the City National bank has suspended. The Cataract bank, Niagara Falls, N. Y.. the largest bank in Niagara county, closed its doors. The New York clearing-house committee authorized the taking out onFriday of $450,000 in clearing-house certificates. The total now outstanding is $5,350,000. The East Side bank, Los Angeles, Cal., opened its doors again on Saturday morning. This is the first of closed banks to resume. A feeling of confidence has returned. The other banks will open in a day or two except the City bank, which is in the hands of a receiver.


Article from Fairhaven Herald, June 28, 1893

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Bank Receiver Appointed United States Bank Examiner Charles Clary, who has been examining into the condition of the First National and Columbia National banks of Whatcom, yesterday received a telegram stating that George B. Blanchard, of Tacoma, had been appointed receiver for the banks. Mr. Blanchard is expected to arrive this morning and enter upon his duties. "It is probable," said a stockholder yesterday, "that the First National will resume business within a few days."


Article from Fairhaven Herald, June 29, 1893

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LOCAL AND PERSONAL T, W. Gillette has returned from a short trip to Seattle. Mrs. F. C. Thomas and daughter are visiting East Sound. L. H. Baldy went over to Olga on the Dispatch yesterday morning. V. S. Pruner, wife and family went over to Friday Harbor yesterday. Forty passengers left on the Dispatch yesterday morning for Orcas island. Mr. and Mrs. T. A. Creighton are spending a few days at East Sound. Superintendent Copeland, of the Great Northern coast lines, came down from New Westminster last night. The Rose berry fete given by the ladies of the Presbyterian church last night was well attended and proved a most enjoyable affair. An excellent musical and literary program was rendered. Geo. B. Blanchard, the newly appointed receiver for the First National and Columbia National banks of Whatcom, arrived from Tacoma last night and is registered at The Fairhaven. A. L. McCoy, of the well-known rail) road contracting firm of McCoy & O' Brien, is in the city. Mr. McCoy recently came down from the Kootenai country, where he has a contract on the Nelson & Fort Sheppard railroad. The "Sideboard," corner of Eleventh and Harris, has just received a large stock of California and imported wines and brandies. Something nice for either table use or sick room. They are also adding draught beer for the summer trade. A young lad named Thornwalt, who lives with his parents in Gise's addition, is accused of entering houses in that locality during the owners' absence and appropriating anything that took his faney, besides turning the household goods topsy turvy. Recently he entered Mr. Austin's house and took, among other things, a razor, which he afterwards returned. It is proposed to have the boy sent to the reform school.


Article from The Farmers' Union, June 29, 1893

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BANKS SHORT OF CASH The Siringency on the Pacific Coast Be ing Felt With Full Force. SAN FRANCISCO, Cal., June 26.-The People's Home Savings Bank failed to open its doors yerterday morning. On the door was the following notice: Bank closed temporarily in order to protect depositors and give them time to collect on securities We have sufficient assests. more than our liabilities." Columbus Waterhouse deeded all his property to the People's Home Bank. that they might raise money on it to tide them over the crisis This property is far in excess of all liabilities of the bank. Failure to realize on securities immediately is the cause of the suspension. The directors of the bank have ordered the regular dividend to be paid July 1. The stock dividend will be withheld. SAN BARNARDINO. Cal.. June 24. The First National Bank closed its doors yesterday morning. This notice was posted on the door: "Owing to the stringency of the money market and the unusual withdrawal of deposits during the last five days this bank is forced to close its doors temporarily.' SEATTLE. Wash.. June -The Columbia National Bank of New Whatcom suspended yesterday. NIAGARA FALLS, V. Y., June :4.The Cataract Bank of this city, the largest bank in Niagara county, closed itsdoors yesterday. There is great excitement among business men in consequence. as over $800,000 of their money was on deposit The suspension was totally unexpected and was not preceded by a run on the bank. The bank officers confidently expected to receive help from out of town vister day morning, but the money dil not come. Cashier Rankin says that the assets will be far in excess of the liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted at other banks they were refused. President Porter IS confident the bank will resume and he does not think a receiver will be necessary. WASHINGTON. June ":4.-Comptroller Fekels has been officially informed of the failure of the following national banks: The First National Bank " Kendallville, ind., the First National Bank of Santa Ana. Cal.. the First National Bank of Whateom. Wash He has ordered Bank Examiner Cleary to take charge of the Whateom bank and Bank Examiner Packard to take charge of the Kendallville bank temporarily. CINCINNATI, Ohio. June :4.-Samuel W. Coflin & Son. owners of th Cincin nati Dry Docks Company, assigned yesterday to Val P. Collins and H. D. Peck. Assets and liabilities are esti mated at $50,000 each.


Article from Macon Beacon, July 1, 1893

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MISCELLANEOUS. Six masked robbers attempted to hold up a Santa Fe train at Coolidge, but the engineer was too quick for them. SOCIALISTS have been rioting at Andrycho, a town in Austrian Galicia. Some of them were killed by the troops. SUPERIOR JUDGE GRANT has decided in favor of Sacramento and against San Jose in the California state capital removal case. SWITCHMAN McGEARY has been held by a Gravesend justice for the killing of the nine people by the wrecking of the Sheepshead Bay race train. A FIFTEEN million dollar ocean steamship combination has been formed at Jersey City. THE commission to revise the statutes of Illinois met at Springfield and organized. IT is settled that the army court of inquiry, appointed to ascertain Col. Ainsworth's official responsibility for the accident at Ford's theater, will not assemble until the grand jury shall have concluded its investigation of that affair. IT is said that the Herschell commission intends to close the Indian mints but only conditionally on the repeal of the Sherman act by the United States. THE Cataract bank, of Niagara Falls, N. Y., has suspended. Deposits amounted to $700,000. A LONE robber boarded a Rock Island express near Virginia, Neb. He bound and gagged the messenger and secured $350. JUDGE HANFORD, of the United States circuit court, has decided that the anticigarette law of the state of Washington is unconstitutional. MEMBERS of the Minneapolis, Minn., fire department are accused of wholesale purloining at fires. FOUR students were drowned at Joliet, Que., by the upsetting of a boat. THE Camperdown and Victoria, two British ironclads, came into collision off the isle of Cyprus in the Mediterranean during the maneuvers. The result was that the Victoria was sunk with about 400 officers and men. Among the lost was Vice-Adm. Tryon. SECRETARY LAMONT has dissolved the military court of inquiry into the Ford theater disaster and will leave investigation to the civil authorities. CLEARING house returns for the week ended June 22 showed an average decrease of 6.6 compared with the correspoding week of last year. In New York the decrease was 4.0. ONE man was killed and two badly burned by a fire at Murray & Nichols Spice Co.'s plant, West Polk street, Chicago. THE Columbia and the First National banks, of New Whatcom, Wash., have closed their doors. SECRETARY MORTON has decided to abolish the experiment farm, which was established by ex-Secretary Rusk at Garden City, Kan. THE coast defense ship Monterey has been finally accepted, and the navy department will assume control of her immediately. paying over to the contractors all of the fund that has been held up as a guarantee of the completion of the vessel.


Article from The Seattle Post-Intelligencer, September 24, 1893

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Debtors of Suspended Banks Sued. George B. Blanchard, who was appointed receiver of the Columbia National and First National banks of Whatcom by Comptroller Eckels on June 27, began suit in the United States court yesterday against twenty-two debtors of the insolvent institutions for the collection of $18,$11.50 in promissory notes. The debtors of the Columbia National bank are: Michael Anderson, $600; Francis D. and E C. Graves, $400; N. C. Hadley, F. N. Barney and W. L. Miller, $500: Kildall Bros., $78.62; W. L. Miller, $132.21; E. T. Vernon, $150; Samuel Wadell, $1,450; J. F. Wardner, $3,000; Charles D. Winkler and W. H. Eddy, $1,000. Those of the First National bank are: W. 8. Anderson, $472: W. L. Miller, $738; W. L. Ellis, Alex M. Sneath and E. Griffin, $300; D. C. Jenkins, $2,000; J. R. Jenkins, $176; Mamie $9,810. E. Jenkins, $760; W. D. Jenkins,


Article from The Seattle Post-Intelligencer, September 29, 1893

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The Osceoia Libeled at Fairhaven. FAIRHAVEN, Sept. 28.-[Special.]- The bark Osceola, Capt.Langdon, which finished loading a cargo of lumber today at the Fairhaven Lumber Company's mill for Chile, was libeled this afternoon by the receiver of the First National bank, of Whatcom, to secure payment for a bill of $150 for groceries furnished the captain's family by Kildall Bros., of Whatcom, who assigned to the bank priortoitssuspension


Article from The Seattle Post-Intelligencer, November 22, 1893

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MORE WARRANTS FOR ATKINS. The Whatcom Bank Cashier Gives More Bond-Wants Full Investigation, Cashier C. M. Atkins, of the suspended First National Bank of Whateom, who was arrested on Friday at Whatcom on charges of embezzlement made by J. K. Rae, appeared yesterday before Commismoner Spriggs, who issued the warrant for preliminary examination. An attorney who was interested was not able to be present and the hearing was continued to next Tuesday morning at the request of Atkins' attorneys. Atkins was arrested upon only one of the seven warrants sworn out, and he had been bound over in the sum of $1,000 by Commissioner Williams, of Whatcom, to appear before Spriggs yesterday. Upon his appearance the other six warrants were served, and when the case was continued he put up $2,500 additional bond for his release. The principal witbesses for the United States, who had accompanied Atkins from Whatcom, gave their personal recognizances before leaving. It is said that Atkins will make an effort to obtain a complete vindication of his conduct from Commissioner Spriggs, and that the charges will be investigated to the fullest extent at the preliminary examination. His friends denounce the arrest as spitework. Commissioner Spriggs explains that the reason Atkins will not have a preliminary examination before Commissioner Willlams, of Whatcom, a fact causing a good deal of unpleasant comment among Atkins' friends, was that the latter is a strong friend of Atkins', and did not deare to hear the case.


Article from The Seattle Post-Intelligencer, November 24, 1893

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A Whatcom Bank's Hope of Resumption. WHATCOM, Nov. 23.-[Special.,)-Cashier Atkins, of the suspended First National bank, says it will be known December 6 whether the bank will resume. Aid is hoped for from Jacob Furth and Sigmund Schwabacher, of Seattle, two of the largest stockholders.


Article from The Seattle Post-Intelligencer, November 30, 1893

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Hearing of Cashier Atkins. In the case of C. M. Atkins, late cashier of the defunct First National bank of Whateom, charged with misapplying deposits, the only witness examined before Commissioner Spriggs yesterday was George B. Blanchard, receiver of the bank. His cross-examination was not concluded lest evening. and court was adjourned Until 9 o'clock tomorrow morning.


Article from The Seattle Post-Intelligencer, December 30, 1893

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THO OWES THE DEBT. Dispute As to Liability for Cashier Atkins' Note. A TACOMA BANK THE CLAIMANT. First National Bank, of Whateam-The Gambling OrdinanceThe Cold Car Case. of the Commercial National lask, of Tacoma, to recover $10,000 with interest from George B. Blanchard, reof the First National bank, of Whatoriver = was on trial yesterday before Judge Hanford in the United States court. The hearing took up a good part of the day, and Among the witnesses were Judge Frank Allyn, president of the Commercial National bank, of Tacoma; C. M. Atkins, Internabler of the First National bank, of Whatcom; Grattan H. Wheeler, former president, and A. Bridgman, of the Commercial National bank, of Tacoma, and George B. Blanchard, receiver of the First National bank, of Whatcom. Judge Allyn and Mr. Bridgman testified that February 4, 1893, C. M. Atkins, seting for the First National bank, of Whatcom, borrowed $10,000 from the Commercial National, of Tacoma, and was to have repaid that sum, with 10 per cent. interest, in four months. In July they made a demand for the principal and interest, and again on October 5 the bank's claim was filed with George B. Blanchard, who had in the meantime been appointed receiver of the Whatcom bank, which had become insolvent. Atkins testified in behalf of the defendant and denied that the First National bank, of Whatcom, was in any way liable for the amount; that the bank did not receive any benefit from the money at all. He said that the Commercial Natione! bank loaned the money to him personally, and that it was so understood by all parties concerned. He swore that he borrowed the money for his own use, giving his personal stock in the Whatcom bank as security, and sent the $10,000 to the Chase National bank, of New York, in payment of a personal obligation. While on the stand Atkins read several letters written by him to the officers of the Commercial National bank, by which he endeavored to show that the loan was thoroughly understood by the contracting parties to be a personal matter and in no way concerned the bank as a corporation. He endeavored to show by OD# of the letters that when he remitted the note he instructed the Commercial National bank to credit it to the First National bank, of Whatcom, as deposited by "C. M. A." It was 6 o'clock last evening when Atkins' finished his testimony, and his crossamination was adjourned until next Friday morning at 10:30 o'clock. It will be remembered that a few weeks ago, after a long and tedious examination before Commissioner J. W. Spriggs in this city, Atkins was placed under bonds in the sum of $3,500 to stand trial upon a charge of misappropriating the funds of the First National bank, of Whatcom, while acting as its cashier. The books of the Whatcom bank were being examined yesterday by the United States grand jury, but for what purpose it could not be learned. It is said that a criminal charge has been filed against Atkins in connection with the case which is now on trial. Atkins said last evening that he was aware that the booksof the bank were being examined by the grand jury, but he did not express any fear of an indictment being returned against him. Said he: "I'm being persecuted, but I'll fight as long as I'm in the possession of my senses and have a copper left. They can't run out of the Esta


Article from The Seattle Post-Intelligencer, December 30, 1893

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THE BLOTTER. UNITED STATES CIRCUIT COURT-HANFORD. J. Edna M. Carver V8. Northern Pacific railroad-On trial. Commercial National bank, of Tacoma, vs. George B. Blanchard, receiver of First National bank, of Whatcom-On trial. SUPERIOR COURT - EQUITY DEPARTMENT LANGLEY, J. H. W. Higgins vs. Louis HagstromFindings of fact and conclusions of law; filed. Roy & Co. VA. William L. Eldred-Order dismissing stipulation. George M. Weigel et al. vs. Fire and Marine Insurance Company-Order fixing amount of appeal bond. Nellie Wilson vs. H. F. Phillips et al.Default and judgment: signed. O. P. Askam vs. C. C. Colman-Judgment for plaintiff; foreclosure of lien. Caroline Scherff vs. Herman ScherffOrder dismissing receiver. CIVIL DEPARTMENT-OSBORN, J. In matter of the application of city of Seattle for writ of certiorari-Order granting writ, C. E. Marben V8. Wing & RochesterJudgment against defendant Wing in sum of $350; case of defendant Rochester continued. In the matter of the application of Sunny Lucky-Motion granted and hearing set for January 13. Nellie M. Scurry et al. vs. W. M. Jones et al.-Perpetual injunction against Jones. W. C. Henderson vs. Aurora BlodgettMotion for default; entered. PROBATE DEPARTMENT-LANGLEY. 1. Estate of Sarah E. Swank-Order approving final account and decree. Guardianship of Everett P. Swank, et al. -Order appointing W. W. Swank guardian. Estate of John H. Pearson-Nomination of guardian of minor.


Article from The Seattle Post-Intelligencer, March 11, 1894

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George B. Blanchard, receiver of the First National Bank of Whatcom, is in the city.


Article from The Seattle Post-Intelligencer, May 24, 1894

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The W hateom Hank Troubles. WHATCOM, May 23-[Special.]-Receiver Blanchard, of the Columbia National bank, returned from Seattle this morning. With reference to comments and reflec tions upon his management of the bank's affairs and the statements made at meetings of depositors, he says he is unable to express himself as freely as he would be glad to do, because of the instructions governing him. He suggests that if the depositors and others interested desire he will name three disinterested gentlemen of high standing in the community, who shall be acceptable to the people interested, to whom, if the comptroller permits, he will make a complete showing of the bank's affairs and let the question of approval or condemnation of his actions as receiver rest with them. The suggestion is regarded as a very fair one, and will likely be acted upon. Concerning the First National bank, of which he is also receiver, he saya there are more than forty depositors who have not yet called for the dividend of 15 per cent. declared March 17.