Article Text
RECEIVER APPOINTED. Tacoma, Wash., February 27.-ExGovernor John H. McGraw was this afternoon appointed receiver of the bank of Everett by United States Judge Hanford.
22195. Bank of Everett (Everett, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- June 1, 1893*
- Location
- Everett, Washington (47.979, -122.202)
Metadata
- Model
- gpt-5-mini
- Short Digest
fe53fb85
Response Measures
None
Description
Articles report the Bank of Everett had failed/assigned in June 1893 (OCR shows 1833; corrected to 1893) and a federal receiver (John H. McGraw) was appointed Feb 27, 1897. No article describes a depositor run. Assets were sold at public auction Oct 5, 1897. Thus this is a suspension that resulted in closure/receivership. Significant OCR correction: '1833' -> '1893'.
Events (3)
1.
June 1, 1893*
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was assigned (failed) and placed in control of M. O. Tibbets in June 1893; indicates institution insolvency/assignment rather than a rumor-driven run.
- Newspaper Excerpt
- The Everett bank assigned to M. O. Tibbets in June, 1893, with assets worth $70,000.
- Source
- newspapers
2.
February 27, 1897
Receivership
- Newspaper Excerpt
- John H. McGraw was this afternoon appointed receiver of the bank of Everett by United States Judge Hanford.
- Source
- newspapers
3.
October 5, 1897
Other
- Newspaper Excerpt
- The uncollected notes and judgments, assets of the Bank of Everett, which failed in 1893, were sold today at public auction by Receiver Elwood Evans, of Seattle.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
THE BANK OF EVERETT. Receiver Appointed for the Defunct Institution. TACOMA. Feb. 27.-Special.John H. McGraw was today appointed receiver of the Bank of Everett by Judge Hanford. The selection is the result of the application of Receiver Tillinghast. of the Columbia National bank. who alleges that his institution holds approved claims amounting to $27,732.53 against the Everett bank. The Everett bank assigned to M. O. Tibbets in June, 1833, with assets worth $70,000. In the petition it is stated that Tibbets has moved to British Columbia, out of the jurisdiction of the court, leaving his trust to take care of itself.
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Article Text
The weather prospocts are Tonight and Saturday occasionally rain." Even Seattle is moved to giving a high compliment to Olympia's improved harbor. A delighted audience witnessed the rendition of Rienzi, at Olympia Theater, last night. Mrs. Williams of the New York bakery, returned from a trip down the Sound yesterday. The term of school on the Westside is continued to make up for time lost during the cold weather. The Capital Brewing Co. received a shipment of 250 sacks of malt yesterday from San Francisco. Mrs. J. Ballweg left Wednesday afternoon for Baker City, Or., where she goes to join her husband. Mrs. Robt. Frost left for Port Townsend Wednesday, to attend the funeral of the late Chas. M. Bradshaw. Ex-Governor John H. McGraw has been appointed receiver of the Bank of Everett, by U.S. Judge Hanford. S.C. Knapp, of this city, was a passenger by the Umatilla for San Francisco which left Seattle to-day. Tickets for The Prodigal Father" will go on sale at O'Connor's bookstore to-morrow morning at 9 o'clock. John Bethel of this city, lately took unto himself a wife in the person of Miss Louisa Ramsey of Whatcom. R. G. Esterly and Miss Annie Heath, of Tumwater, were lately united in matrimony by Rev. E. Hopkins. The women of Olympia have begun what they call "amateur gardening." Well, there is something in a name, after all. The Salvation Army will hold a Cake and Coffee Social, to-morrow night at their hall. Refreshments 10 cents. Thomas Prather is so far recovered from his late illness as to be able to trundle his baby carriage along the sidewalk. Mr. Willis Shelton passed through the city on Wednesday en route to Cosmopolis, of which place he is now a resident. " What beautiful weather," was the appropriate salutation tossed from mouth to mouth, the greater portion of the past week. Mr. Edward Callow, of Kamilchie, who has been visiting relatives and friends in Olympia this week, left for his home to-day. Papa and mamma robin are interviewing the old pear tree in quest of a desirable place to set up house-keeping for the summer. F. Covington and family, formerly residents of this city, late of Seattle, have returned to make this place their permanent home. Jeff Canon, of Tenino, was in the city yesterday for the purpose of taking preliminary steps for proving up on his homestead entry. Eva, a daughter of Allen Weir, has had an operation performed on her eyes, which it is believed will be successful in removing the obstruction to vision. Charles Lindstrom, who was in the county jail a few weeks ago charged with being insane, and was released as being simply ill, died at the poor farm Tuesday. James Brewer, the marketman, has sold out his business to the Thurston County Meat and Produce Co., retaining an interest, however, in the new incorporation. Dr. N. J. Redpath, assistant physician at the Western Washington Hospital for the Insane, has resigned his position, and will remove to this city to resume practice. John H. Ogden left yesterday for Grand Forks, B.C., to join his partner George E. Filley in mining operation, who is on the ground and reports excellent prospects. The depositors of the First National Bank will hold a meeting at the office of T. N. Ford to-morrow (Saturday) afternoon at $1:30 o'clock
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Article Text
BANK OF EVERETT ASSETS SOLD. More Realized Than Expected, and More Property to Go. Special Dispatch to the Post-Intelligencer. EVERETT, Oct. 5.-The uncollected notes and judgments, assets of the Bank of Everett, which failed in 1893, were sold today at public auction by Receiver Elwood Evans, of Seattle. The amount realtred was $4,008.40. The only real estate sold was the Tower block, which brought $1.000. The totals are much greater than were expected, and are very much more than would have been realized if sold a year ago. Bids were asked on the bank building. which is & two-story brick, standing on the corner of Pine street and Hewitt avenue. In addition to this there are several lots in this city and one lot in Seattle, the latter worth about $2,000, the bank furniture and fixtures and burgiar-proof safe. These will be sold later.