Seattle National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4229
Charter Number: 4229
Start Date: May 1, 1898*
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: b38f0bcc

Response Measures

None

Description

Article states the Seattle National Bank 'went into the hands of Receiver Charles Baker' (receivership). The court decision cited is dated May 28, 1898, so the receivership preceded that decision; exact receivership date not given in the article. No run or reopening is mentioned in the text.

Events (2)

1. February 11, 1890 Chartered

Source: historical_nic

2. May 1, 1898* Receivership

Newspaper Excerpt: When the Seattle bank went into the hands of Receiver Charles Baker each share of its stock was assessed for 75 per cent. of its par value. Receiver Baker called for $7500 upon the stock held by Mr. Cranston ... Mr. Baker then entered suit ... Judge Brown ... rendered a decision on May 28, 1898, that neither Mr. Cranston ... was liable for the amount.
Source: newspapers

Newspaper Articles (1)

1. January 21, 1899 The Providence News Providence, RI

Article from The Providence News, January 21, 1899

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Article Text

# WITHOUT PREJUDICE OR COSTS. Case of Receiver of Seattle National Bank vs. Old National Bank of This City Dismissed. A decision has just been handed down by the United States Circuit Court of Appeals in Boston by Justices Putnam, Webb and Lowell dismissing without prejudice and without cost the case of Charles H. Baker, receiver of the Seattle (Wash.) National bank, and the Old National bank, Francis A. Cranston, cashier, of Providence, R. I. Mr. Cranston as cashier of the Old National bank some time ago accepted 100 shares of stock of the Merchants' National bank of Seattle as collateral on a loan made to a local party. When the Seattle bank went into the hands of Receiver Charles Baker each share of its stock was assessed for 75 per cent. of its par value. Receiver Baker called for $7500 upon the stock held by Mr. Cranston as cashier of the Old National bank, which Mr. Cranston refused to pay, declaring that he held the stock merely as collateral on a loan. Mr. Baker then entered suit for the amount, and Judge Brown of the United States District Court, sitting in Providence, rendered a decision on May 28, 1898, that neither Mr. Cranston as cashier nor the Old National bank was liable for the amount. Mr. Baker then carried the matter to the United States Circuit Court of Appeals in Boston, with the foregoing result.