22341. Seattle Safe Deposit & Trust Company (Seattle, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
October 18, 1895
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
0a9611ea

Response Measures

None

Description

No newspaper text describes a depositor run or heavy withdrawals. Instead multiple articles document foreclosure suits and the appointment of receivers (Fred K. Struve and later Harvey T. Hannon) to take charge of the company's property, indicating the bank was placed in receivership by court and did not resume normal independent operations in the period covered. There are dual receiverships arising from mortgage foreclosure and separate creditor actions; final disposition (permanent closure) is implied by continued receivership and asset sales in subsequent reports.

Events (5)
1. October 18, 1895 Suspension
Cause
Government Action
Cause Details
Foreclosure suit by the German Savings and Loan Society on a $40,000 mortgage led the court to appoint Fred K. Struve as receiver to take charge of the building and collect rents.
Newspaper Excerpt
Foreclosure proceedings were begun ... the plaintiff appointed Fred K. Struve receiver
Source
newspapers
2. October 31, 1895 Other
Newspaper Excerpt
William Vevers ... has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.
Source
newspapers
3. November 15, 1895 Suspension
Cause
Government Action
Cause Details
Separate suit by creditors (Frank H. Osgood et al. and Boston National Bank of Seattle) resulted in appointment of Harvey T. Hannon as receiver for the company's property (except the building then in Struve's hands).
Newspaper Excerpt
Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company
Source
newspapers
4. February 1, 1896 Other
Newspaper Excerpt
Both Receivers Retained. Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve ... dual receivership should not be disturbed.
Source
newspapers
5. February 12, 1897 Other
Newspaper Excerpt
Harvey T Hannon yesterday filed his report as receiver of the Seattle Safe Deposit and Trust Company showing total receipts ... authorizing the sale of certain personal property in the receiver's hands.
Source
newspapers

Newspaper Articles (10)
1. October 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 19, 1895

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Article Text

RECEIVER FOR A TALL BLOCK. Foreclosure Sult Begun for the Safe Beposit Building. Foreclosure proceedings were begun in the superior court yesterday by the German Savings and Loan Society, of San Francisco, against the Seattle Safe Deposit and Trust Company. of this city, for the foreclosure of a $40,000 mortgage, security for a loan. The matter was taken before Judge Langley, who at the request of the plaintiff appointed Fred K. Struve receiver, with bonds fixed at $7,500. The money was loaned on the building on December 29, 1891, and was secured by a mortgage on the building. with interest at 7 per cent. The complaint alleges that no part of the principal has ever been paid. and no interest since May 14, JRSG. A receiver to take charge of the building and collect rents, etc., was petiHoned for, and attorney's fees to the amount of $2,000 are asked. The company " thought to be perfectly solvent, and the present suit will not result in the sale of the property.

2. October 31, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 31, 1895

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Article Text

William Vevers, who has been with the Seattle Safe Deposit and Trust Company since 1889, has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.

3. November 2, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 2, 1895

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Court and County Notes. Sarah A. Ashbridge applied for letters of administration on the estate of John N. Ashbridge. O. C. McGilvra was appointed administrator of the estate of William A. Jennings, with $300 bonds. Count Auditor Beman turned over to County Treasuer Maple yesterday $1,041.80 fees received during October. Eik Anton Thornberg. of Sweden, and Rasmus Thompson, of Norway, were admitted to citizenship yesterday by Judge Hanford. Default and judgment for $250 was entered yesterday by Judge Langley against Charles Livingstone in favor of Elizabeth C. Norton. J. E. Farmer was granted judgment by Judge Osborn yesterday against Charles Coppen for $128, with interest, on a promissory note. The case of the Front Street Cable Company vs. James C. Drake as United States marshal was argued and submitted yesterday in Judge Hanford's court. Licenses to wed were Issued yesterday for Charles Newton Sperry and Laura Swanson, both of Ballard: Michael Kehoe and Elizabeth A. Hunt, both of Seattle. Andrew Chilberg, administrator de bonis non of the estate or Adaline Halverson, filed his $2,000 bond yesterday, with Nelson Chilberg and K. K. Tvete as sureties. The inventory of property owned by Julius Lindberg, an Insane person, showed that he had one lot in Denny & Hoyt's addition worth $300 and personal property worth $90. Corporation Counsel Scott filed notice of appeal yesterday from the decision of the superior court giving County Treasurer Maple judgment for $96 salary for collecting city taxes. By stipulation between Alpheus Byers and Fred Nolte and others, judgment for $360 on a promissory note, but execution is not to be issued before November 15, 1896. Charles W. Burton, who was sent to the insane asylum July 20, 1892, died October 30, of paresis. Burton was a laborer who imagined he owed mortey to a person who was trying to kill him. A. W. Conant was appointed administrator of the estate of Jennie E. Hall, wife of Isaac M. Han. Azema Freygang was the administrator, but she has removed from the state and is living in Indiana. His bond is $200. F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, was yesterday ordered by Judge Langley to pay outstanding debts amounting to $183 out of the $204 turned over to him by William Vevers, the former manager, and to pay current expenses out of receipts. The receiver of the Seattle Cedar Lumher Company was yesterday authorized to pay the following claims: Labor, checks, $158.24: labor. open account, $119.50: commission on sales, $84.82; insurance, $81.72; Manufacturers' Water Company, $58.05: Union Electric Company, $2.90: total, $505.23. An order of default was entered yesterday by Judge Osborn against C. E. Bash and Henry Bash. two of the defendants in the suit of the Merchants' National bank against Smith Bros. et al. The suit was commenced in 1892 on a promissory note and judgment was obtained against Smith Bros. for $2,500. without prejudice to proceedings against the Bashs.

4. November 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 16, 1895

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Article Text

To Foreclose on Safe Deposit Block. Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building, now in the hands of Fred K. Struve as receiver. The petitioners for the appointment were Frank H. Osgood, Emily Slawson, Elton E. Ainsworth and Arthur Dunn, doing business as Ainsworth & Dunn, and the Boston National bank. of Seattle. Immediately upon his appointment, Mr. Hannon filed his bond of $10,000, with Dennis Keller and W. R. Forrest as sureties. He then gave notice that the German SavIngs and Loan Association would attempt to foreclose a mortgage on the real property. amounting to $40,000, and that the entire valuation of the property was about $45,000.

5. December 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1895

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No Necessity for Two Receivers. The Seattle Safe Deposit and Trust Company objects to having two receivers and gives this as one reason why the court should dissolve the order appointing Harvery T. Hannon. Some time ago the German Savings and Loan Society brought an action against tife company and obtained the appointment of Fred Struve as receiver. Later a suit was commenced by Frank H. Osgood and others against the same company and Harvey T. Hannon was appointed in this case. The Safe Deposit and Trust Company claims Hannon was appointed without notice to it and before a complaint had been served. There was no emergency alleged and none existed sufficient to justify the appointment without giving the defendant a chance to be heard. In closing. the court is asked to set aside the appointment of Hannon, as there was already a receiver of the property.

6. February 1, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 1, 1896

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Article Text

Both Receivers Retained. Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve, in the case of the German Savings and Loan Assoclation and F. H. Osgood et al. vs. the Beattle Safe Deposit and Trust Company. The intention of the motion to consolidate was to make Hannon receiver of both the building and other property, but the court took the ground that the dual receivership should not be disturbed.

7. February 8, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 8, 1896

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Article Text

Court Notes. Confirmation of sale-The Oregon Mortgage Company vs. Lysander Matthews. In the matter of the estate of A. F. Able, Judge Langley yesterday signed a decree admitting the will to probate. In the case of Thomas Jose vs. B. E. Lynch, the statement of facts was filed yesterday in the office of the clerk of the court. Robert Martin, convicted of burglary on the residence of H. A. Frederick, yesterday filed through his counsel a motion for a new trial. An order was entered in Judge Langley's court yesterday finally discharging W. J. Shinn as assignee of the estate of J. E. Ralph, an insolvent. In the estate of Sullivan E. Clough, Judge Langley yesterday signed an order approving the final account of the adminIstrator and discharging him. Joseph Bendle, a native of Great Britain, and Augustus A. Sutherland, a native of New Brunswick, were yesterday admitted to citizenship in Judge Osborn's court. The hearing on the exceptions to the final account of the administrator of the estate of Diana C. B. W. Sour was yesterday continued by Judge Langley until February 14. Hugh C. Allison, a native of New Brunswick, who came to this country a minor, was admitted to citizenship by Judge Langley yesterday morning without taking out his first papers. In the case of Harriet Baxter vs. WillIam H. Le May et al., the default of the Puget Sound National bank, Boston National bank and J. D. Lowman was ordered entered by Judge Langley yesterday. In the case of F. H. Osgood VS. the Seattle Safe Deposit and Trust Company, by agreement of counsel the time was yesterday extended by Judge Langley for the receiver to receive bids for the personal property. Marriage licenses were issued to Cornelius Wallace, of Newcastle, and Vinia Workcoff, of Seattle: A. Lincoln Walters, of Seattle, and Clara A. Smith, of the same place: Frank Critcher and Sophia M. Poterson, both of Seattle. In the case of Mary Jeffs et al. vs. the Bank of British Columbia, the application for a temporary injunction was continued till February 14, 1896, the temporary retraining order being continued in force by Judge Langley yesterday. In Judge Osborn's court yesterday an order was entered In the suit of Ida R. Pennington vs. D. T. Wheeler for a writ of restitution for the premises, lot 8 and four feet of lot 7. block 15. Summit supplemental addition to Seattle. In the matter of the assignment of Kate Olson. Judge Langley yesterday entered an order allowing exemptions to the amount of $230. Also an order allowing the assignee, John 8. Morse, the sum of $50 for his services and also $50 for services of counsel. In the case of James Berry and Harry Stover vs. Selah Tenent and Sarah J. Tenent, Judge Langley yesterday signed an order substituting James Berry as sole plaintiff. and thereafter a decree foreclosing labor liens on lots 3 and 4, block 1 of Supplemental addition to the city of Seattle, for the sum of $437 and costs. Articles of incorporation of the Queen City Candy Company were filed in the auditor's office vesterdav. The incorporators are M. D. Haynes, W. B. Haynes and C. A. Dean. of Seattle: H. Wittenberg. of Portland. Or., and Louis Saroni, of San Francisco. The objects are to manufacdeel in in Sent The

8. February 26, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 26, 1896

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ANOTHER GILMAN SUIT. Safe Deposit Company Begins an Action for $100,000. The Seattle Safe Deposit & Trust Co., by Harvey T. Hannon, receiver, yesterday brought suit in the superior court against D. H. Gilman on twenty coupon bonds for $5,000 each, secured by mortgage on 678 lots in Ollman's addition to Seattle. The mortgage is dated October 1, 1891, and remains entirely unsatisfied. E. W. Price, H. A. Smith, Christian Hansen and the city of Seattle are joined as defendants, as claimthe an Interest in the mortgaged premises. In the case of Thomas Burke, as trustee, vs. Gilman, answers were filed by the General Electric Company, the Bank of British Columbia and the Seattle National bank. In the case of the People's Savings bank against Gilman, a default was entered.

9. June 26, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 26, 1896

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Court Notes. Judge Osborn will set cases tomorrow for the week beginning September 8. James Norberg. of Sweden, was yesterday admitted to citizenship by Judge Hanford. A marriage license was issued yesterday for George Conning and Martha Jane Jones, both of Seattle. A complaint in insanity was issued by County Clerk Gordon yesterday against William Ihmann. of South Park. A motion for a change of venue to Snohomish county has been made in the case of J. B. Rutherford vs. J. F. Weber et al. Erick Ulin, jr., executor of the last will and testament of Frederick Ulin. deceased, was released from liability yesterday, the administration having been brought to is close. In the damage case of Emily H. Canfield vs. M. Furuya an answer was filed yesterday to the effect that the injuries complained of were caused by the carelessness of the complainant. F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, has been directed by Judge Langley to pay the German Loan and Savings Society $1,689.54. in partial satisfaction of a judgment. A $200 cost bond was filed yesterday in the superior court in the case of the State Insurance Company, of Salem, VS. Richard Holyoke et al. A similar bond was filed in the case of William Grefe vs. W. E. McKee. Judge Hanford yesterday gave an order directing M. F. Backus. as receiver of the Seattle Consolidated Street Railway Company to pay the Union Electric Company $300.04 as a preferred claim for material furnished. Judge Hanford yesterday gave an order of dismissal in the case of Lillie H. Hennelly vs. the Phoenix Insurance Company, of Brooklyn, on stipulation which showed that the company had paid the plaintiff $1,875 on a $3,000 policy. Judge Hanford having sustained the demurrer in the case of David H. Denton vs. Charles H. Baker. receiver of the Merchants' National bank of Seattle, yesterday gave an order of dismissal at plaintiff's cost. The case will be appealed.

10. February 12, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 12, 1897

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Court Notes. In the case of the Puget Sound Flouring Mills Company V8. Anthony Meagher et ux., writ of garnishment has been served on the Meagher Grocery Company. The property involved in the Osborne foreclosure suit, filed yesterday. is the lot, sixty feet square, at the southwest corner of Seneca street and Fourth avenue. Judge Jacobs yesterday signed judgment against Humphrey Jones In favor of the Bay View Brewing Company, in accordance with the verdict already rendered. In the case of Henry Bowell vs. the Union Trust Company Judge Moore yesterday sustained the demurrer and signed an order for the sale of the property Invclved. In the case of John Wooding vs. J. Wooding & Co., Inc., Judge Moore yesterday set February 20 for hearing the report of A. H. Boyd, receiver of J. Wooding & Co., Inc. Judge Jacobs has modified the order in the Clough divorce. Mrs. Clough is allowed nothing for the month of January, but $5 per week beginning February 15, pending the suit. In the case of E. A. Wright VS. 8. B. Carr et al. Judge Moore yesterday signed decree, giving the plaintin judgment for $300, in addition to interest and attorney's fee, and foreclosure of mortgage. Walter B. Allen yesterday filed his oath as deputy clerk. As announced already, he will succeed Walter McClure in the equity department. Mr. Allen has taken hold of his new work already with vigor and efficiency. In the case of Anton Hagen vs. Lafayette Metzger Judge Moore yesterday signed findings and conclusions and decree, awarding the plaintiff judgment for $375.90, plus interest and attorney's fee, and foreclosure of mortgage. Judge Moore yesterday signed default. findings and conclusions and decree in the case of the United States Mortgage Trust Company vs. L. D. W Shelton et ux. awarding plaintiff judgment for $7,829.30 and foreclosure. The case of the Washington Dredging and Improvement Company vs. the Columbia & Puget Sound Railroad Company, a tide land appeal. set for hearing yesterday in Judge Moore's department, was by agreement indefinitely continued. Articles of incorporation were filed yesterday for the Olympic-Andes Mining Company. for a term of fifty years; capital stock. $200,000, in $10 shares: trustees, J. T. Ronald, G. E. Ward. Robert M. Livesley. M. R. Galloway and M. P. Zindorf: office, Seattle. Articles of incorporation were filed yesterday for the Canopy Smelting Refining and Manufacturing Company, for a term of fifty years: capital stock, $1,000,000, in 31 shares: trustees. R. A. Vaughn, W M. Caldwell. A. W Anderson. E. C. Byers and H. V. Woodin: office, Seattle. Remittitur was received and filed yesterday in the case of the State vs. Adolph Krug. affirming the judgment of the superior court of King county, by which Krug was convicted of embezzlement as city treasurer of Seattle and sentenced to seven years In the penitentiary. and a rehearing denied September 9, 1895. It is reported in court house circles that objection will be raised to the confirmation of the receiver's report in the case of the First National bank vs. the Northern Logging Company. on the ground that the property involved was not sold to the highest bidder. The hearing has been set for next Tuesday. Harvey T Hannon yesterday filed his report as receiver of the Seattle Safe Deposit and Trust Company showing total receipts, $3,131 10: disbursements, $2,736.35; balance, 354.75 Judge Moore approved the report, allowing the receiver $150 for his services and $150 attorney's fees, and authorizing the sale of certain personal property in the receiver's hands. The damage suit of Mary Hughes et al. vs. the Oregon Improvement Company. in which Mrs. Hughes seeks to recover $10,000 damages for the death of her husband. who was killed in the Franklin mine disaster August 24, 1894, was on trial before Judge Jacobs yesterday Most of the time was consumed in reading evidence submitted at former trials, and at 6 o'clock the case went over until next Monday. The condemnation suit for the North canal right-of-way was continued before Judge Benson yesterday The jury was completed and after evidence from Eugene Ricksecker, civil engineer, and the filing of a number of maps and plats, showing the proposed route of the canal, the jury was excused to visit and inspect the ground. The jurors agreed to meet at 1 cheleck p. m. at the corner of James street and Second avenue and proceed thence to Fremont. They were in charge of Bailiff J. M. Brewster, and were instructed by Judge Benson to report next Monday morning. Gov. Foster, of Louisiana, has been making a pleasure trip through Central