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NEW WHATCOM BANK FAILURE. Receiver Appointed for ScandinavianAmerican Bank. NEW WHATCOM, Wash., Feb. 28.On application of Parker Ellis, a receiver was appointed for the Scandinavian-American bank this afternoon. In October, 1900, H. St. John bought a controlling interest in the bank and incorporated it at $25,000. It is thought that the liabilities will in time be paid but the funds are not at present available. M. G. Scouten was appointed receiver.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution, is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pictures belonging to the St. John family, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American. The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution, is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pictures belonging to the St. John family, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution. is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pictures belonging to the St. John family, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American. The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution, is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pic. tures belonging to the St. John fam. ily, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American. The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution, is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pictures belonging to the St. John family, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American. The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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ASK FOR RECEIVER. Depositors Will Wait on Bank Which Failed No Longer. NEW WHATCOM, Wash., April 15. -After waiting 45 days at the request of the bank officers to enable them to raise funds with which to reopen the Scandinavian-American bank in this city, which failed February 27, the depositors today unanimously requested the court to appoint Robert Muir permanent receiver, and he was requested, if appointed, to take immediate steps to punish those responsible for the failure of the institution. President H. St. John, of the institution, is said to be in London to secure funds from his family with which to pay depositors. His legal adviser is in New York trying to dispose of some pictures belonging to the St. John family, with the same object in view. St. John was also president of the Bank of Blaine, of Blaine, Wash., which failed the same time as the Scandinavian-American. The liabilities of the two institutions are said to be about $50,000. It is believed the assets are practically valuelses.
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BANK'S PRESIDENT TOOK ALL FUNDS New Whatcom, Wash., April 25.-Under order of the court, Receiver Muir of the Scandinavian-American bank this afternoon filed a report of its atfairs, which lays bare a system of reckless banking operations. According to the report, the bank's president, H. St. John Dix, borrowed Its entire deposits and $8,000 of its capital on his unsecured notes. Other officers are the bank's debtors to the extent of $1,200. The capital stock of the Scandinavian-American bank was $25,000. Of the 250 shares President St. John held 207, and Cashier Oleson fifteen. The bank's nominal assets are $31,776. Of this over $24,000 are unsecured notes of its president. In giving the total deposits at $16,442, the report says: "This does not include deposits issued to St. John apparently without value, and which the bank was in the practice of issuing to him without consideration, to enable him to raise money on them by arrangements with other banks. In addition. the bank owes other banks about $4,000.35 Among other things, the receiver claims that the books were falsified, $24,000 being carried as cash in the vault which was never there, President St. John of the bank is at present in London. The bank president's proper name is H. St. John Dix. He went under the name of H. St. John here. His father, he claims, is an English aristocrat, and that his brother is one of the secretaries of the British embassy at Washington.
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FUGITIVE PRESIDENT OF BANK SENDS OFFER Agrees to Return Misapplied Funds if Criminal Proceedings Be Dismissed. NEW WHATCOM, Wash., Nov. 5.-Depositors of the defunct ScandinavianAmerican Bank of this city have received an offer of settlement from its fugitive president, H. St. John, otherwise known as Dix, who last January absconded after looting it of every cent of deposits and taking a goodly share of the money paid in for its capital stock, more than $25,000 all told. The offer came in a letter delivered to-day to Receiver Muir by a man whose identity the receiver was pledged in advance not to disclose. The fugitive says that if the depositors will sign an agreement to dismiss all pending criminal and civil proceedings against himself and other officers and directors of the looted institution he will make a cash payment of 25 per cent of their claims and payment of the remaining 75 per cent in quarterly payments, all to be paid within one year. The letter is believed to have come from South Africa. St. John says that Cashier Oleson and a former attorney for the bank, S. M. Bruce, are with him.
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scuffle Smith fired several shots, one of which took effect, killing Heffron almost instantly. Smith was arrested and lodged in jail. Mabel Fisher, a colored girl, stabbed James Furey at an Opera Alley resort in Tacoma Monday night. The blade of the knife she wielded went into Furey's left lung, making a wound that will prove fatal if complications result. The man's arm was also deeply cut, an artery being barely missed. Furey is the son of a rancher near Puyallup. He declares that the assault by the Fishar girl was without provocation, and says it took place while he was engaged in "an altereation with a white inmate of the same place named Alice Holmes. Both women were arrested and put in jail pending the outcome of Furey's injuries. The residents of Stevenson were thrown into great excitement Monday, when J. T. Tatton and W. Udill reported that they had discovered a coal deposit on fire within a quarter of a mile of the town. The greater part of the population turned out to see what was the matter. A subterranean fire is burning in a crevice in the rocks with a sulphurous smell. So hot is the fire that it was difficult to make any headway at excavation. It is a wonder to the people at that place and is thought to be coal or gas on fire. In the near vicinity of the fire are small veins of coal running back from the Columbia River. Some years ago a coal prospector sunk a shaft some 50 feet, but abandoned it. Recently coal prospectors were operating in the neighborhood and declared there were excellent indication of coal and gas. They bonded much of the property in the immediate neighborhood. The depositors of the defunct Scandinavian-American Bank, of New Whatcom, have received an offer of settlement from its fugitive president, H. St. John (Dix), who last January absconded, after looting it of every cent of its deposits and taking a goodly share of the money paid in for its capital stock, over $25,000 all told. The offer came in a letter delivered the other day to Receiver Muir by a prominent citizen of this State, whose identity the receiver was pledged in advance not to disclose. In it the fugitive says that if all depositors will sign an agreement to dismiss all pending criminal and civil proceedings against himself and other officers and directors of the looted institution, and agree not to institute any in future, he will meet any representatives which they may send, at any place they may name, and settle with them on the basis of an immediate cash payment of 25 per cent. of their claims, and the payment of the remaining 75 per cent. in three equal quarterly payments, the whole to be made within a year." The letter is written on paper which experts say is of German manufacture, and of the kind sold mostly in South Africa. In a letter to his friend, which accompanied the offer, St. John says Cashier Oleson and ex-Attorney for the bank S. M. Bruce are with bim. Cashier Oleson is under heavy bonds to appear for trial in the Superior Court for aiding in wrecking the bank.