22370. Browne National Bank (Spokane, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4025
Charter Number
4025
Start Date
November 23, 1894
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gpt-5-mini
Short Digest
2259dd1c

Response Measures

None

Description

The Browne National Bank of Spokane closed its doors and went into insolvency on Nov 23, 1894 (articles variously dated Nov 23-26). There is no description of a depositor run; reports state the suspension caused no flurry. A receiver (J. J. Browne) was named by the comptroller in Feb 1895, indicating permanent closure and receivership.

Events (2)

1. November 23, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was cramped for funds and insolvent; assets and liabilities published (assets ~$211,650; liabilities ~$77,900; deposits ~$29,800).
Newspaper Excerpt
The Browne National Bank closed its doors today and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles.
Source
newspapers
2. February 9, 1895 Receivership
Newspaper Excerpt
A telegram received today from the comptroller of the currency directs Bank Examiner Flynn to turn the Browne National Bank over to J. J. Browne ... who is named as receiver of the concern.
Source
newspapers

Newspaper Articles (13)

Article from The Morning Call, November 24, 1894

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CAUSED NO SURPRISE. Failure of the Browne National Bank of Spokane. SPOKANE, Nov. 23.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits, subject to check at the time of the last published statement, amounted to $43,000. as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $11,650; liabilities, $77,900; deposits, $28,800. The bank was organized in 1889. J. J. Browne was chief stockholder and přesident.


Article from The Record-Union, November 24, 1894

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A Spokane Bank Goes Into Insolvency. SPOKANE, Nov. 23,-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. Thesuspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. The individual deposits subject to check at the time of the last published statements amounted to only $43,000, as the bank had long ago paid off most.of the depositors. Cashier Shaw puts the assets at $211,650; liabilities, $77,900; deposits, $29.800. The bank was organized in 1889. J. J. Browne was the principal stockholder and President.


Article from The Seattle Post-Intelligencer, November 24, 1894

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Browne National Bank. Spokane, Fails. SPOKANE, Nov. 23.-The Browne National bank closed its doors today and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. The individual deposits subject to check at the time of the last published statement amounted to only $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $211,650; liabilities, $77,The bank was 900; deposits, $29,800. organized in 1889. J. J. Browne was chief stockholder and president, B. B. Glascock vice president, Arthur J. Shaw cashier. TACOMA, Nov. 23.-[Special.]-Before it was generally known here today that the Browne National bank, of Spokane, had closed, telegrams were received notifying the Democratic state committee and the chief Tillicums that one or more Spokane Democrats were candidates for the receivership.


Article from The Herald, November 24, 1894

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CLOSED ITS DOORS. The Browne National Bank of Spo kane Goes Insolvent. SPOKANE, Wash., Nov.23.-The Browne National bank closed its doors today and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits, subject to check at the time of the last published statement, amounted to $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $211,650; liabilities, $77,900; deposits, $29.800. The bank was organized in 1889. J. J. Browne was chief stockholder and president.


Article from The Yakima Herald, November 29, 1894

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STATE AND GENERAL NEWS. The Most Interesting Happenings of the World Bolled Down for "Herald" Readers. Sheriff Anthony Meade, of Kittitas county is suffering from paralysis of his left side. A. J. Splawn is feeding about 800 head of cattle, purchased in Okanogan county, near Ellensburg. The only son of Governor Pennoyer, of Oregon, died at a Massachusetts college on Saturday last. A warrant for $10,770,000 has been drawn on the U.S. treasury for pensions to be paid December 4. Kittitas county will, on December 8, vote on the question of validating county warrants issued in excess of law. Bob Fitzsimmons who killed his sparring partner Con Riordan, in a boxing tournament last week, has been exonerated from all blame by a coroner's jury. Port Arthur, the stronghold of the Chinese was captured on the 21st inst. Nothing can now stay the victorious Japanese, as but a weak resistance can be made at Pekin and the Chinese are panic stricken. The Walla Walla Statesman claims that the remains of Noah's ark have been found on Crab creek mountain, this state, and in the lapse of ages the name Arrarat has been changed to Crab. The so called ark is a petrified raft of logs, with bolts almost eaten away with rust. A mass"meeting of Eilensburg citizens has resulted in the selection of the following ticket to be voted upon December 4: Mayor, John H. Smithson; marshal, A. O. Wishard; clerk, W. J. Jenkins; attorney, W. J. Welsh, councilmen, William Freyberger. Dr. J.C. McCauley, W. D. Carter]and F. D. Schnebly. The Citizens National bank, of Spokans, suspended on the 22nd inst. The assets are $425,000 and the liabilities $240,000. This brought about the assignment of E. B. Hyde, the president, who was the owner,of the Hyde block and a brother of Congressman-elect Sam Hyde. On the same day the Commercial National bank, of Seattle, went into voluntary liquidation. The following day the Browne National bank, of Spokane, suspended with liabilities placed at $79,900 and assets $211,650. The bank has lost $300,000 of deposits since June, 1893. J. J. Brown, the owner of the Auditorium, the Spokane Chronicle and a reputed millionaire, was the president and chief stockholder of the bank. He was in Portland at the time of the suspension trying to raise money to tide over the embarrassment.


Article from Great Falls Weekly Tribune, November 30, 1894

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Spokane Bank Failure, SPOKANE. Nov. 24-The Browne National band has closed its doors and gone into liquidation. The suspension caused no flurry in business circles. Individual deposits subject to check at the time of the last published statement amounted to only $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $11,650; liabilities, $76,900; deposits, $29,800.


Article from Pullman Herald, November 30, 1894

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Has Closed Its Doors. SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889; J. J. Browne was the chief stockholder and President.


Article from The State Rights Democrat, November 30, 1894

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TELEGRAPHIC. Port Arthur Falls. LONDON, Nov. 24.-A dispatch from Chee Foo says the backbone of Chinese resistence has given way and the mountain passes that lie between the great naval station of Port Arthur and Peking now shelter the scattered remains of the emperor's forces. Word has just reached here that Port Arthur fell after a battle that lasted 36 hours. The reports of the fighting are very meagre but it is believed that both sides suffered heavily. China's loss, it is said, exceeds that of Japan, for, undisciplined as the emperor's soldiers were, they fought with the desperation of tigers. The Same as the Cooks. ROME, Nov. 23.-A band of brigands attacked a tobacco store at Gaibenella, near Ferrara, last evening, while several outlav guarded the streets in the vicinity. The brigands tried to force an entance into the store, but its owner and his servants fired guns at them. The fire was returned by the brigands, and the town was soon in a state of excitement. The toosin was rung from the church steeple, and a number of gendarmes soon arrived and drove the brigands out of town. A Treaty With Japan. WASHINGTON, Nov. 23.-Secretary of State Gresham, in behalf of the United States, and Minister Kurino, of Japan, in behalf of his country, have affixed their signatures to the new treaty of amity and commerce between this country and Japan. The final formalities in the execution of the instrument occurred at the state department yesterday. A Live Czar. LONDON, Nov. 23.-The Daily News' correspondent in St Petersburg says that the czar is displaying unexpected energy. It is stated that he placed M. Wahl,chief of the St Petersburg police, under arrest for three days in his own residence for ordering the Countess Stroganeff's mourning decorations removed because they were erected without police permission; also for treating the foreign newspaper reporters badly. A Bank Failure. SPOKANE, Wash. Nov.23.-The Browne National bank closed its doors today and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. There was a small withdrawal from other banks, but they are in no danger. Cashier Shaw outs the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889. Close Upon the Bandits MUSKOGEE, I. T., Nov. 22.-Last night half a dozen members of the Cook gang were on the streets here. Citizens began hunting for them, but the outlaws made themsel ves scarce. Officers who fought with them last night came in about dusk and reported they had chased the bandits to the bottoms, and there lost their course. Cherokee Bill was seen six miles north of Muskogee. He had two Winchesters and twosix-shooters. Lou Cook, queen of the outlaws, and sister of Bill and Jim Cook, is in Muskogee. Robbed and Beaten. PENDLETON, Nov. 22.-An unknown man assaulted Postmaster S. T. Isaac at six tonight. He used a heavy club and beat him nearly to death. His object was robbery, but no money was obtained. Isaac was alone at the time. Sheriff Houter and posse have left to search for the robber. Isaac's condition is reported serious. He was found covered with blood that had flowed from wounds on his head. The victim is one of the oldest residents in the county. Battle ship Sunk. WASHINGTON, Nov. 22.-The navy department today received a cablegram from an officer of the American flert in China, detailed for the purpose of giving confidential information of important events in the Eastern war. stating that the Chin Yuen, the great Chinese battleship, in leaving harbor November 18, was accidentally damaged by a torpedo, and was afterwards beached, there being no docking facilities. She is therefore now useless. Pleaty of Bids. WASHINGTON, Nov. 22.-There is no longer any doubt that the bids for the new issue of bonds will far exceed the amount to be sold. Indeed, the indications are the bids already received more than cover the $50,000,000 and that the large bids expected tomorrow from New York and other nearby cities will raise the total to nearly $75,000,000. Howe Discharged. KLAMATH FALLS, Or., Nov. 22.-Today, owing to an error in the indictment in the of the state VS. W. E. Howe, the county treasurer charged with larceny of $52. Judge W. E. Hale directed the jury to find the defendant not guilty as charged in the indictment, which was done. Much interest was manifested in the case just ended, and a good deal of dissatisfaction is heard over the result. The Japs Attacked. LONDON, Nov. 22.-A Yokohama dispatch states the Chinese Pei Yangsquadron attacked and shelled the Japanese troops who were marching upon Port Arthur. The troops had taken & road near the coast. The Japanese fleet came to the assistance of the troops, and & desperate fight took place between the warships, the result of which is not known. Bill Cook Arrested. FORT SMITH, Ark., Nov. 21.-At the United States marshal's office it is regarded as positive that Bill Cook is under arrest in Texas. He is thought to be one of the five men captured by the Texas rangers at Mitchell Falls. The description of the man Farris, one of the five, exactly corresponds with that of Cook. This is strengthened by the fact that the man who answers the name of Skeeter is an exact counterpart of Baldwin, alias Skeeter, of the Cook gang. A Rough Game SAN FRANCISCO, Nov. 21.-Football enthusiastic are afraid that the big match to be played Thanksgiving day between Berkeley and Sanford teams, will be robbed of much interest by the disabilities sustained by the players during the practice games. Six of Berkeley's best men, cannot possibly take part in the game. No less than 14 men have had the liga-


Article from The Coeur D'alene Press, December 1, 1894

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Has Closed Its Doors. SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,800; deposits, $29,800. The bank was organized in 1889; J.J. Browne was the chief stockholder and President.


Article from Lincoln County Leader, December 6, 1894

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Has Closed Its Doors. SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889; J. J. Browne was the chief stockholder and President.


Article from The Daily Morning Astorian, February 10, 1895

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HIS OWN RECEIVER. Spokane, Feb. 9.-A telegram received today from the comptroller of the currency directs Bank Examiner Flynn to turn the Browne National Bank over to J. J. Browne, president of the broken institution, who is named as receiver of the concern. Browne has been averse to allowing the bank to pass into other hands, and has work. ed hard to prevent a receivership. He wanted to wind up the bank's affairs himself, and has carried his point.


Article from The Seattle Post-Intelligencer, February 26, 1895

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National Bank Changes. Washington City, Feb. 25.-SpecialComptroller Eckels has announced the following changes in the national bank officers in the state of Washington: The Seattle national bank, John Y. Ostrander, vice president in place of Edward Blewett; the First national bank of Walla Walla, John Y. G. Walker, assistant cashier in place of G. T. Buckland; the First national bank of North Yakima, J. R. Lewis, president in place of A. W. Engle; the Boston national bank of Seattle, no assistant cashier in place of J. A. Jackson; the First national bank of Puyalllup, John B. Hartman, in president in place of A. E. Barrett; no cashier in place of John B. Hartman, jr.: the Commercial national bank of Seattle, J. P. Gleason, vice president; the Ellensburg national bank of Ellensburg, Joseph R. Paull, president In place of George B. Markle; J. c. Hubbell, vice president in place of Joseph R. Paull. Official announcement is made of the insolvency of the Browne national bank of Spokane and the appointment of J. J. Browne as receiver.


Article from The Herald, July 14, 1898

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California at the Capital WASHINGTON, July 11.-California pensions have been granted as follows: Orginal-Orlando I. Rogers of Black Diamond, $6; Frederick Miller of Soldiers' home, $8; Thomas Galvin of San Francisco, $8; Thomas D. Burrows of Soldiers' home, $12; Sylvester K. Wilson of Colton, $8; Jas. W. Walsh of Irvington, $8; William Hickock of Salinas, $8. Widows-May Flaherty of Oakland, $12. The comptroller of currency has declared dividends for the creditors of the insolvent banks as follows: 13 per cent, the Browne National Bank of Spokane, Wash.; 42 per cent, the Merchants and Miners' National Bank of Phillipsburg, Mont. The president today made the following appointments: Robert J. Hendricks, to be appraiser of merchandise in the district of Willamette, Oregon. Frederick P. McKinley of New Mexico, to be receiver of public moneys at Guthrie, O. T. Davis L. Gever of Ohio, to be receiver of public moneys at Roswell, N. M. To be agents for Indians-Charles S. McNichole of Illinois, for Colorado River agency in Arizona; Charles D. Reeves of Texas, for the Fort Apache agency, in Arizona; Frederick D. Spriggs of New York, for the Nevada agency, in Nevada. Grant McLaughlin and F. L. Elworthy of California have been appointed laborers in the Mare Island Navy yard at $2.48 and $2.80 per diem respectively. Austin Young was today commissioned postmaster at Randsburg, Luther King at Moss, and Theodore F. Birch at Orland, Cal.