International Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: October 20, 1903
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: 9b9a6b28

Response Measures

None

Description

Article (Oct 23, 1903) reports the International Trust Company of Seattle closed its doors Tuesday and a court-appointed receiver (M. D. Barnes) has been named and furnished bond. No mention of a depositor run; the bank was closed and placed in receivership.

Events (2)

1. October 20, 1903 Suspension

Cause: Government Action
Cause Details: Court-appointed receiver (Judge Tallman appointed M. D. Barnes) after the bank closed its doors; receiver furnished $50,000 bond.
Newspaper Excerpt: Will Pay Depositors. Seattle, Oct. 23.-Oliver C. McGilvra, attorney for M. D. Barnes, receiver of the Internationel Trust company of this city which closed its doors Tuesday, says ...
Source: newspapers

2. October 23, 1903 Receivership

Newspaper Excerpt: The affairs of the bank, said Mr. McGilvra, are now in the hands of Mr. Barnes, who has furnished a bona for $50,000. This has been approved by the court. Judge Tallman having appointed him as receiver.
Source: newspapers

Newspaper Articles (1)

1. October 23, 1903 The Evening Statesman Walla Walla, WA

Article from The Evening Statesman, October 23, 1903

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Article Text

Will Pay Depositors. Seattle, Oct. 23.-Oliver C. McGilvra, attorney for M. D. Barnes, receiver of the Internationel Trust company of this city which closed its doors Tuesday, says that the immediately available assets of the bank will be sufficient to pay the depositors something over 90 per cent. on their deposits, and they will be eventually paid in full. Officials of the bank say the trip of Otto Otteson, the manager of the concern, to the east, has no connection with the present difficulty, being for personal reasons solely. "The affairs of the bank," said Mr. McGilvra, "are now in the hands of Mr. Barnes, who has furnished a bona for $50,000. This has been approved by the court. Judge Tallman having appointed him as receiver. The first news which Mr. Barnes had of the failure of the Mexican bank was when he read of it in yesterday's papers.