22336. Seattle Dime Savings Bank (Seattle, WA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 2, 1896
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: 814b02e8

Response Measures

None

Description

The bank suspended operations in early July 1896 and executed an assignment for benefit of creditors; a receiver (George R. Fisher) later administered the estate and solicited creditors to file claims. Articles describe rapid withdrawals following payment of taxes and the failure of the Guarantee Loan and Trust Company, but no discrete, misinformation-driven run is described. The sequence indicates suspension followed by receivership and liquidation/closure.

Events (6)

1. July 2, 1896 Suspension

Cause: Local Banks
Cause Details: Deposits were rapidly withdrawn after payment of taxes and the failure of the Guarantee Loan and Trust Company, leading to suspension; failure of another financial institution triggered withdrawals.
Newspaper Excerpt: The Seattle Dime Savings bank ... suspended operations yesterday, and the customers who called found a notice to that effect. and also that an assignment had been made by the bank for the benefit of its creditors posted on the door.
Source: newspapers

2. July 3, 1896 Other

Newspaper Excerpt: The bank has executed an assignment of all its property to Stephen E. Davison for the benefit of its creditors. The assignment was filed for record in the auditor's office at 3:45 o'clock yesterday.
Source: newspapers

3. July 11, 1896 Other

Newspaper Excerpt: A complaint asking for the appointment of W. H. Vincent as receiver was filed yesterday by J. L. Bates ... The complainant alleges that the pretended assignment was made for the purpose of defrauding the depositors and other creditors of the bank.
Source: newspapers

4. October 3, 1896 Receivership

Newspaper Excerpt: The first report of George R. Fisher, receiver of the Seattle Dime Savings bank, was yesterday filed in the superior court. The document shows an inventory ... and $105 in cash from S. E. Davison.
Source: newspapers

5. April 7, 1897 Other

Newspaper Excerpt: On motion of G. R. Fisher, receiver, the creditors of the Seattle Dime Savings bank were yesterday ordered to file their claims on or before July 1, and the receiver was ordered to make up his final report.
Source: newspapers

6. April 14, 1897 Other

Newspaper Excerpt: It is ordered ... that all creditors and other persons having claims or demands against the Seattle Dime Savings Bank ... be and they are hereby required respectively to present and to file with G. R. Fisher, as receiver ... statements of their respective claims ... on or before the 1st day of July, 1897.
Source: newspapers

Newspaper Articles (11)

1. July 3, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, July 3, 1896

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The Seattle Dime Savings Bank Closes Its Doors. The Seattle Dime Savings bank, located on Pike street, suspended operations yesterday, and the customers who called found a notice to that effect. and also that an assignment had been made by the bank for the benefit of its creditors posted on the door. I. N. Bigelow, president and cashier of the bank, when seen at his residence, made the following statement in regard to the condition of the bank: "The bank owed no debts except to its depositors, the total amount due to them being $4,000. The largest depositor is the county, having a deposit of $1,700, which is amply secured by a bond taken at the time the deposit was made. All other deposits are in small amounts, the largest not exceeding $225. The assets of the bank, including cash on hand, notes, secured and unsecured, property, and fixtures, owned by the bank, amounts to $6,985." Mr. Bigelow accounts for the closing of the bank at this time by the fact that, since the payment of taxes began, and the failure of the Guarantee Loan and Trust Company, the deposits have been rapidly withdrawn, and no new ones were being made. The bank has executed an assignment of all its property to Stephen E. Davison for the benefit of all its crediters. When the assets can be realized upon they will be ample to pay the existing indebtedness, according to the statement made by Mr. Bigelow. The assignment was filed for record in the auditor's office at 3:45 o'clock yesterday.

2. July 9, 1896 River Falls Journal River Falls, WI

Article from River Falls Journal, July 9, 1896

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# LATER NEWS. The Seattle (Wash.,) Dime Savings bank has suspended. I. N. Bigelow, president and cashier, accounts for the closing by the fact that since the payment of taxes began, and the failure of the Guarantee Loan and Trust company, the deposits have been rapidly withdrawn, and no new ones were being made. At Castlewood, S. D., Anton Paulson's store was broken open early the 7th, and a robbery committed. The robber made his escape on a wheel belonging to Arthur Paulson, a clerk in the store. A 13-year-old boy named Erickson, living at Pleasant View, Wis., tried to see if he could touch the cars as the train went by him. He did so and was knocked down and had one foot crushed to a pulp and then thrown into a culvert and is badly bruised all over. The grand lodge of Elks opened at Cincinnati the 7th, and the city was at once startled by the fact that a new badge was being used. Everywhere, as if by magic, appeared men who were wearing the sign: "I am for Minneapolis in '97" backed by a miniature American flag. In the boat race at Henley-on-Thames, England, the 7th, the Yale college crew was beaten by Leander by one and three-quarter lengths. Time, 7:14. Another expedition has landed safely on Cuban soil. It consisted of 64 men and they had with them 400,000 rounds of ammunition, dynamite, electric batteries, etc. The gavel used by Chairman Harrity in opening the Democratic National Convention was presented by Ossian Guthrie, of Chicago, made from an oak timber taken from old Fort Dearborn. The block house from which the timber was taken survived the Chicago fire, and was purchased by Mr. Guthrie and other philanthropic citizens and re-erected in South park, Chicago, as a reminder of the city's frontier days.

3. July 11, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, July 11, 1896

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ASSIGNEE NOT WANTED. Petition for Receiver for Seattle Dime Savings Bank. The question of a receiver to succeed Stephen E. Davison, assignee of the Seatthe Dime Savings bank, will come before Judge Langley in the superior court next Monday, when the validity of the assignment will be tested. A complaint asking for the appointment of W. H. Vincent as receiver was filed yesterday by J. L. Bates, who sues to recover $280 on deposit in the bank. The complainant alleges that the pretended assignment was made for the purpose of defrauding the depositors and other creditors of the bank, and in order to permit the officers and stockholders to dodge their liability under the law. The petition points out that the assignee is the brother of Emiline Bigelow, one of the stockholders, and the brother-in-law of L N. Bigelow, the largest stockholder. The purpose of the assignment, Bates alleges, was to place the affairs of the company in the hands of some one who would not force collections, and subject the stockholders to double liability. Bates complains that he and other creditors have been refused an inspection of the book containing the names of the stockholders, although a demand to that end was made during business hours.

4. July 11, 1896 The Seattle Post-Intelligencer Seattle, WA

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New Suits Filed. Actions were begun in the superior court yesterday as follows: J. L Bates vs. the Seattle Dime Savings Bank and Stephen E. Davison. assigneeTo recover deposit, $280; petition for ap"pointment of receiver. Northwestern and Pacific Hypotheek Bank vs. Ronald M. Crawford et al.Promissory note and mortgage, $1,300. Arthur A. Connell vs. Eva Connell et al. -Divorce and petition to set aside deed. Lizzie G. Simmons VS. Thomas G. Simmons-Divorce. Northern Countles Investment Trust vs. Genevieve Farrar et vir.-Promissory note

5. July 14, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, July 14, 1896

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Court Notes. The case of Sarah E. Abt VS. George W. Loggie et al. has been continued to July 20 by Judge Langley. Default, findings, conclusions and decree were signed by Judge Langley yesterday in the case of Matthias H. Arnst vs. Victor P. Weisenthal et al. Cleo Maude Sparling was given a divorce yesterday from G. H. T. Sparling by Judge Langley. She is to get $60 a month alimony and her costs in the case. Findings of fact and conclusions of law have been signed in the case of J. W. Filkins vs. Jennie Holzschuher et al., an action to recover $160 on a promissory note. J. L. Bates, George H. Woodhouse and many other creditors of the Seattle Dime Savings bank, petitioned the superior court yesterday to appoint W. H. Vincent receiver. A complaint in Intervention by W. D. Whittaker et al. was filed in the superior court yesterday in the case' of E. O. Graves, trustee of the Washington National bank vs. the Commbia Home Company. An appeal bond in the case of the Orient Insurance Company, of Hartford, vs. Mrs. Nellie Phinney was filed yesterday, Mrs. Phinney as principal and F. J. Burns surety. The amount of the bond was $419.21. Plaintiff's motion made several days ago in the case of James M. Colman et aix. vs. the Columbia & Puget Sound Railroad Company to retax the costs was stricken from the trial calendar yesterday by agreement. The sheriff's sale of property in the case of Jacob Wilts vs. Joshua B. Pinckney et al. to the plaintiff for $591.80 has been confirmed by Judge Langley. The property consisted of lot 11, block 34, in D. T. Denny's addition. The jury in the Federal court will resume Its labors today, the well known case of Nixon vs. the Equitable Life Insurance Company being set for trial. This is the case in which Mrs. Nixon sues the company for a $10,000 life policy. In the suit of Balfour, Guthrie & Co. vs. John Parkinson et al., on affidavit and application of El M. Carr. of counsel for complainant, Judge Hanford ordered that notice to plead be served on Fordyce Roper, Julia 8. Roper, George B. Landers and Ella C. Landers at Ashland, Or., and John Parkinson and Meta B. Parkinson at Los Angeles, Cal.

6. October 3, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, October 3, 1896

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Court Notes. A marriage license was yesterday Issued to Erick Johnson and Liva K. Nordal, both of Seattle. Judge Osborn yesterday assisted in the manufacture of the following citizens: Nick Amert, a native of Germany; Oscar Olson, a native of Sweden. The following orders of sale from Judge Langley's court were yesterday filed in the superior court: C. M. Sheafe, receiver, VS. Lydia H. Kellogg et al., $472.70; C. M. Sheafe vs. Lydia H. Kellogg et al., $232.80. T. P. Carter yesterday filed in probate his application for letters of administration of the estate of Eglinline Carter, deceased. The estate is represented as being worth $1,650, consisting of real estate in King county and shares in the Royal Wheel Company of Cincinnati, O. The first report of George R. Fisher, receiver of the Seattle Dime Savings bank, was yesterday filed in the superior court. The document shows an inventory of furniture and supplies received from S. E. Davison, assignee, and a schedule of bills receivable amounting to $5,833.69, a part of which is secured by mortgages; also $105 in cash from S. E. Davison. The tenth quarterly report of John H. Bryant, receiver of the Seattle Coal and Iron Company, was yesterday filed as a part of the case of the Manhattan Trust Company VS. the Seattle Coal and Iron Company. The earnings of the business for the quarter ending August 31 showed earnings from sales, rents and discounts, etc, $48,620.91, and expenses $56,378.48, a deficit of $7,756.57. The financial statement shows assets $63,976.52, and liabilities $27,463.45; net assets, $36,513.07. The tonnage of the coal mined during the quarter was 31,296.5 tons.

7. December 19, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, December 19, 1896

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Court Notes. A marriage license was issued yesterday to Nilson Dunn. of Northup, and Tillie McEntyre, of Bothell. A jury in Judge Osborn's court in the 09.86 of Herman Chapin VS. James Spurr returned a verdict for defendant. Annie Holland. administratrix of the estate of John Holland, was yesterday discharged, and her bonds exonerated by Judge Langley. Judge Langley yesterday ordered a distribution of the estate of Anna L. Young. One-half of the estate goes to Oscar Young, husband of the deceased, and the balance to her children. Receiver Murphy having wound up the affairs of the law firm of Turner & MoCutcheon to the satisfaction of Judge Langley, he was directed yesterday to pay himself $200 for his services out of the funds of the firm. A decree was signed by Judge Langley yesterday in the case of Mrs. Alice Bolton VS. Joseph B. Jones et al., giving judgment in favor of plaintiff in the sum of $1,962, $100 attorney's fees, and for a foreclosure of mortgage. Receiver George R. Fisher, of the Seattle Dime Savings bank, was yesterday directed to return to R. K. Latimer $637 in notes, provided be deeded the receiver 120 acres of land in Clallam county, and also transferred to the receiver Port Townsend street grade warrants of a face value of $634. Judge Humes has signed the decree in the case of Annie J. Brockman vs. Charles Brockman. It grants plaintiff a divorce, gives the care of the two children to Mrs. Brockman, allows her $500 alimony, directs that the defendant shall pay the costs of the suit, $20 for attorney's fees, and further provides that he shall pay $15 per month for the support of the children until the youngest child shall have arrived at the age of 12 years.

8. January 5, 1897 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, January 5, 1897

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Stockholders to Be Assessed. Permission was granted George R. Fisher. receiver of the Seattle Dime Savings bank, to levy an assessment upon each and every stockholder in the concern to the amount of what remains unpaid upon their subscriptions to the capital stock. In case the request is refused. the receiver is ordered to bring immediate suit against every one refusing. In fact, he is ordered to bring suit against every person in any way indebted to the bank.

9. April 7, 1897 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, April 7, 1897

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Court Notes. Willian Fransen has judgment against W. B. Seymour for $21.85. John Corgiatt was yesterday granted a writ of assistance against Suverio Mario Marino. Sale of real estate has been confirmed in the case of John Corgiatt vs. Saverio Marino. Letters of administration were issued yesterday to Hannah T. Rosenberg on the estate of Henry T. Rosenberg. Judge Jacobs yesterday signed the formai order in the Lee divorce case, on the lines indicated in his decision, previously reported. Sheriff's sale of real estate has been confirmed for lot 3, block 12, Latona, in the Edward Knudsen estate, bought April 5 by A. S. Holmes for $55. The Provident Loan and Trust Company yesterday obtained judgment against James H. Tuttle and wife for $2,331.56. with attorney's fee of $115, and decree of foreclosure. William H. Peter having obtained judgment for $96.35 against Thomas F. Drew et al., Frank H. Knapp yesterday filed an attorney's Hen on the judgment for the full amount. Charlotte Johnson yesterday obtained judgment against William A. Markham et al. for $829.92, with interest and attorney's fee of $35, and a decree establishing the priority of mortgage. H. O. Shuey as receiver of the Seattle Savings bank, holds judgment by default against R. M. Crawford and wife for $446, plus $30 attorney's fee, on a promissory note dated December 30, 1892. Receiver C. M. Sheafe, of the Seattle Cedar Lumber Company, was yesterday ordered to show cause on April 16 why the assessment heretofore ordered by the court should not be vacated. Yesterday was pay day at the county court house for all employes. Somebody in the clerk's office was whistling a merry tune, but there was no necessary connection between the tune and the pay. On motion of G. R. Fisher, receiver, the creditors of the Seattle Dime Savings bank were yesterday ordered to file their claims on or before July 1, and the receiver was ordered to make up his final report. Proposed statement of facts has been filed in the Hughes damage suit against the Oregon Improvement Company. It consists of a neatly bound volume of nearly 900 pages of type written matter, and is a beautiful piece of mechanical art. Judgment by default has been granted A. C. B. Norton against Mr. and Mrs. John Wood for $1,565.32. amount of note of February 12, 1891, with interest, taxes and attorney's fee. Decree of foreclosure followed on the south half of lot 1, block 6, Syndicate addition. The following cases are set for trial in the civil department of the superior court today: R. W. Barto VS. R. H. Dugwall; Frank Stossel VS. Foss & Boyd; C. P. Brown VS. C. P. Lutro et ux., appeal from justice court: George H. Stanford VS. F. G. Cady et ux.; A. B. Grossman vs. A. & J. Goldberg. Defaults were taken yesterday in the superior court as follows: William C. Richter VS. Fielden Smith: William Belond vs. Gus Braham and Jennie Olsen; Provident Loan and Trust Company vs. James H. Tuttle et al: Myer Gottstein VS. Dennis K. Howard et al.; J. R. Burnham vs. W. D. Lyts et al. In accordance with the verdiot of March 25, Judge Benson yesterday signed judgment for $165 in favor of Anna Shobled against W. H. Johnson. The suit was over some Anacortes warriants, which Miss Shoblad claimed she had given Johnson money to buy and for which he had not accounted properly. Judgment was signed and attachment issued yesterday for $213.27 in favor of T. J. Harrington against Mr. and Mrs. Fred Meutzel. Harrington sold the Meutzels goods, and they sold him lumber. The jury in Judge Jacobe' court some time since decided that the balance was on Mr. Harrington's side of the ledger to the extent above named. Susan V. Dock has judgment by default against Joshua M. Wiestling and wife for $8,277.40 and $150 attorney's fee, with decree of foreclosure on lots 15. 16 and 17, block 45, second plat of West Seattle, Mary Ellen Worth, Jay C. Allen and the Seattle National bank are also named as defendants, claiming some interest in the mortgaged premises.

10. April 7, 1897 The Seattle Post-Intelligencer Seattle, WA

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IN State THE of SUPERIOR COURT J. L. Bates, THE Savings Bank THE et al., of a Dime tice to Defendants, Creditors. Order Directing No. No. On motion of G. R. Fisher, the heretofore appointed by this court receive or creditors action. demands It and is against ordered other persons the by Seattle the having court Dime that in claims this 4 ing ings business Bank, a corporation, heretofore Sex. at Seattle, King property quired Washington, with Bank, G. at respectively the of R. the be Fisher, First and Seattle National to they as present receiver are Dime Saring hereby and county, of to the the is northwest Yesler way, corner in of First avenue on the mands, ty ments of King, of specifying their state the respective the of city Washington, of claims Seattle, or stare - - & items thereof, verified the claimant, his or attorney, on before the 1st day of July, 1897; and or claims not so presented and proved shall M be debarred from all benefit of said oeivership, and all share in any of " assets of the said corporation of the Sesttle the Dime Savings Bank that may come into the hands of the said receiver and be & tributed or disposed of by him. And it is further ordered that the aug receiver be and he hereby is directed to give notice to all creditors and other persons having claims or demands against the said Seattle Dime Sevings Bank, by publication of a copy of this order once a weeks in the mailing a copy THE days after the date hereof to each and every creditor on the books of account of the said Seattle Dime Savings Bank said receiver's possession, at the address in of such creditors, as the same appears a said books, and such publication and mailing shall constitute due notice to all creditors Bank. of the said Seattle Dime Savings And it is further ordered that said Mr. ceiver be, and he hereby is directed. to file in this court on or before the 15th day of July, A. D. 1897, a statement of of claims and demands presented to him and filed with him in pursuance of this order. Done in open court this 6th day of April, A. D. 1897. WM. HICKMAN MOORE, Judge.

11. April 14, 1897 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, April 14, 1897

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IN THE SUPERIOR COURT OF THE State of Washington for King County.J. L. Bates, Plaintiff, vs. Seattle Dime Savings Bank of Seattle, a corporation, et al., Defendants, Order Directing Notice to Creditors. On motion of G. R. Fisher, the receiver heretofore appointed by this court in this action, it is ordered by the court that all creditors and other persons having claims or demands against the Seattle Dime Savings Bank, a corporation, heretofore doing business at Seattle, King county, Washington, be and they are hereby required respectively to present and to file with G. R. Fisher, as receiver of the property of the Seattle Dime Savings Bank. at the First National Bank, on the northwest corner of First avenue and Yester way, in the city of Seattle, county of King, state of Washington, statements of their respective claims or demands, specifying the dates, amounts and items thereof, verified by the affidavit of the claimant, his agent or attorney, on or before the 1st day of July, 1897; and all claims not so presented and proved shall be debarred from all benefit of said receivership. and all share in any of the assets of the said corporation of the Seattle Dime Savings Bank that may come into the hands of the said receiver and be distributed or disposed of by him. And It is further ordered that the said receiver be and he hereby is directed to give notice to all creditors and other persons having claims or demands against the said Seattle Dime Savings Bank, by publication of a copy of this order once a week for three consecutive weeks in the Post-Intelligencer, and by mailing a copy of this order within ten days after the date hereof to each and every creditor on the books of account of the said Seattle Dime Savings Bank in said receiver's possession, at the address of such oreditors, as the same appears on said books, and such publication and mailing shall constitute due notice to all creditors of the said Seattle Dime Savings Bank. And It is further ordered that said receiver be, and he hereby is directed, to file in this court on or before the 15th day of July, A. D. 1897, a statement of all claims and demands presented to him and filed with him in pursuance of this order. Done in open court this 6th day of April, A. D. 1897. WM. HICKMAN MOORE, Judge.