First National Bank - Blaine, WA

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4470
Charter Number: 4470
Start Date: June 13, 1890
Location: Blaine, Washington (48.994, -122.747)

Metadata

Model: gpt-5-mini
Short Digest: f7ece10e

Response Measures

Accommodated withdrawals

Description

Article (Whatcom, June 13; published Seattle PI 1890-06-14) reports an unfortunate rumor that the First National Bank of Blaine was 'broke' which caused a heavy run; depositors received cash and the bank remained open. No suspension or closure is mentioned.

Events (3)

1. June 13, 1890 Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded rumor that the bank was 'broke' triggered heavy withdrawals; depositors were paid and bank remained open.
Measures: Paid out cash to depositors; remained open for business.
Newspaper Excerpt: An unfortunate rumor that the First National Bank of Blaine was broke caused a heavy run on the bank. All depositors so far have received their cash and the doors are still open for business.
Source: newspapers

2. November 20, 1890 Chartered

Source: historical_nic

3. March 9, 1892 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. June 14, 1890 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, June 14, 1890

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Article Text

THE BAY CITIES. Why San Francisco Merchants Bell is Seattle Field-Town Consolidation. WHATCOM, June 13-The steamship Wails Walla will sail from San Francisco for Bellingham bay in a few days. There are four steamers plying from this port 10 San Francisco regularly. The Puget sound steamboat combine has forced our merchants to do the proper thing for protection-support San Francisco. steamers. W. J. Davis, of Nooksack, has been bound over to answer at court for selling liquor on Sunday. He has been running a saloon at Nooksack on a license issued to Mr. Lemon by the county. Mr. Lemon concluded not to use the license, and Mr. Davis has in some way been selling liquor under it. Last Sunday a lot of laborers on the west coast got into a drunken riot at Davis's saloon and disturbed the peaceful neighborhood. hence the arrest of Davis. The whole matter will be investigated. The bodies of the man and woman drowned in Lake Whatcom have not yet been recovered. A petition containing 225 names of legal electors within the territory of New Whatcom (or Schome) is ready for presentation to the city council of New Whatcom, asking an election for the purpose of voting on the question of consolidating the new town with the old town of Whatcom. The consolidation was agreed upon some time ago, when Whatcom assisted Seheme to secure additional territory around Whatcom and to the south. A few people who do not seem to understand the weight of a debt of honor are opposing the consolidation. It is safe to say, however, that the better citizens of both towns will keep faith and vote for consolidation as formerly agreed upon. Mr. Charles Donovan has been elected president of the day for the Fourth of July celebration here, and Mr. J. W. Roscoe marshal. Judge Winn's court continues work, disposing of jury cases. He will hardly be able to clear the docket before June 25. The Whatcom city fathers seem unable to agree on the question of fire limits. George A. Gates, census enumerator for one of the Seattle districts, was the first to send complete returns of his district into headquarters here. It is estimated now that the population of the Puget sound counties will overrun the previous estimate of 225,000. Fairhaven has accepted the invitation to assist Whatcom in celebrating the Fourth of July. The contract has been let for the erection of the Lighthouse brick and stone block on the corner of Dock and Holly streets. The price of stumpage in the logging camps along the Nooksack river rai.ges from $1 to 75 cents for timber near water and 50 cents for timber one mile away. The camps are busy. At last the New Whatcom council has established fire limits on the corners of Elk and Holly and Dock and Holly streets There are about fifteen sawmills and wooden factories on Bellingham bay, all busy, and still lumber is shipped into Whatcom to supply the demand. McDaniels & Seanor will use a portable sawmill to cut the lumber for the Guide meridian road. Perhaps two mills will be necessary to complete the contract on time. Three Republican papers in Whatcom county are advocating the election of United States senators by popular vote. An unfortunate rumor that the Fir st National Bank of Blaine was "broke" caused a heavy run on the bank. All depositors so far have received their cash and the doors are still open for business. The Nooksack Reporter is the latest and ninth newspaper in Whatcom county. Insurance companies are lowering rates here because of Whatcom's fine water supply and well equipped fire departments.