22402. State Bank (Spokane, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 27, 1906
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gpt-5-mini
Short Digest
ab956899

Response Measures

None

Description

The State Bank of Washington suspended payment on 1906-04-27 (reported widely). Subsequent court action shows a receiver (Horace Kimball) collecting assets and selling furniture by 1906-05-14, indicating permanent closure/receivership. No article describes a depositor run; suspension appears caused by bad financing of the Spokane & Columbia River railroad (bank-specific adverse information).

Events (2)

1. April 27, 1906 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Financing and large claims connected to the Spokane & Columbia River railroad strained the bank; suit to recover $32,000 from the railroad was cited as wrecking the institution.
Newspaper Excerpt
The State Bank of Washington, E. W. Swanson, president, suspended today... A card on the door says it will pay in full... It has $17,000 in deposits and 100 hundred depositors.
Source
newspapers
2. May 14, 1906 Receivership
Newspaper Excerpt
Judge Poindexter made an order today allowing Horace Kimball, receiver of the State Bank of Washington, to sell the office furniture of the concern and to vacate the premises at 112 Wall street. The court also empowered the receiver to collect all bills receivable in the possession of the bank.
Source
newspapers

Newspaper Articles (10)

Article from The Seattle Star, April 27, 1906

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Article Text

BANK HAS SUS SPENDED SPOKANE, April 27.-The State Bank of Washington, E. W. Swanson, president, suspended today. It has been financing the Spokane & Columbia River railway. A notice on the door mays it will pay in full. The bank is not a member of the clearing house. 11 has $17,000 in deposits and 100 hundred depositors, Sixteen sections of hand in Skagit county was opened for filing on Wednesday morning About 70


Article from The Spokane Press, April 27, 1906

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STATE BANK OF WASHINGTON HAS SUSPENDED PAYMENT The State Bank of Washington, a River railroad, recently acquired by R. E. Strahorn, which is to run small private institution with headfrom Ringold's bar on the Columbia quarters at 112 Wall street, closed river to Spokane, a distance of 150 its doors this morning. A cardmiles. board placard announced that the The suspension of the bank attracted but little notice in financial institution had suspended temporarily to make collections. It was circles today. It was not a member of the Spokane clearing house. also announced that every depositOne of the rules of that concern is or would be paid in full in a short time. that all members must have a paid up capital of $25,000. Both placards were signed by E. W. Swanson, the president of the The State Bank of Washington bank, but Mr. Swanson could not has at various times placed its capital at $50,000 and $25,000. It be found today, and E. J. Clure, the was given out at the bank this cashier of the institution, refused morning that its deposits were $17,to make any statement concerning 000 and that there are less than the bank's suspension. 100 depositors. The State Bank of Washington The financing of the railroad unabsorbed the People's bank about doubtedly wrecked the institution six weeks ago. The People's bank was formed last spring and E. W. as it started suit several days ago to recover $32,000 from the railSwanson was president. Both inroad company on notes it claimed stitutions have been engaged in promoting the Spokane & Columbia to hold.


Article from The Spokane Press, April 27, 1906

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Article Text

River railroad, recently acquired by R. E. Strahorn, which is to run from Ringold's bar on the Columbia river to Spokane, a distance of 150 miles. The suspension of the bank attracted but little notice in financial circles today. It was not a member of the Spokane clearing house. One of the rules of that concern is that all members must have a paid up capital of $25,000. The State Bank of Washington has at various times placed its capital at $50,000 and $25,000. It was given out at the bank this morning that its deposits were $17,000 and that there are less than 100 depositors. The financing of the railroad undoubtedly wrecked the institution as it started suit several days ago to recover $32,000 from the railroad company on notes it claimed to hold.


Article from Adams County News, May 2, 1906

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Article Text

NEWSOFNORTHWEST WASHINGTON, IDAHO, MONTANA AND OREGON NEWS ITEMS. A Few Interesting Items Gathered From Our Exchanges of the Surrounding Country-Numerous Acci. dents and Personal Events Take Place-Fall Trade Is Good. WASHINGTON NOTES. John Gormely met death by drowning in the Columbia river near Pasco. He was working on the new Northern Pacific bridge across the Columbia river and lost his balance, falling through to the water, 30 feet below. The State Bank of Washington, located at Spokane, has suspended temporarily. B. J. Weeks, general manager of the Spokane Traction company, has resigned his position. The Colville juvenile band has been organized with boys under 16 years of age, who are being trained by C. H. Peregrine, formerly of Montana. Invitations are out from the trustees and faculty of the Upper Iowa university for the inaugural ceremonies at the induction of Rev. Dr. William Arnold Shanklin as president of the university at Fayette, Iowa, Tuesday, May 22. He was formerly miniser of the First M. E. church at Spokane. Holding a verdict of $33,000 to be excessive, the supreme court, sitting at Olympia, in an opinion by Chief Justice Mount, cut the award in favor of Herbert. L. Williams, a postal clerk of Spokane, to $20,000 for injuries sustained in a collision of cars on the Spokane Falls & Northern railway at Northport, Wash., three years ago. Judge Dunbar dissented. Clairvoyants, spiritualists and trance mediums can practice in Spokane without a license according to a ruling made by Judge Huneke. The body of Thomas Amos, who died at his home 10 miles east of Creston was buried at Colfax. He was a past grand master of Masons of Washington, and entitled to the honors of burial by the grand lodge. Approximately 200 gallons of cream are shipped daily by express from Mabton to Spokane. The Pacific Coast Steamship company on the sound announces that it will sell tickets and take prepaid freight for San "Francisco. The agents are instructed by the company to see that the passengers on its steamers have sufficient funds for maintenance on arrival at San Francisco. Eugene V. Debs, the leader of the big railroad strike in 1894, is fighting for a foothold in Seattle labor circles. Spangle is having quite a boom this spring. As a shipping point Mabton has reached considerable prominence. A safety pin was removed from the throat of Alice Scudder, the 2 year old child of Mr. and Mrs. Scudder, of Tacoma, by Dr. Loughlin, whose services had been secured to treat the child for a sore throat. Daniel Stewart, a pioneer of Walla Walla, aged 81 years, is dead. At a depth of 77 feet a six inch flow of artesian water has been encountered at Bluelight, 17 miles from Mabton. At Mabton $12,000 was expended in an effort to find an artesian well but without success. The Bank of Kettle Falls was burglarized Friday night. The safe was blown open and all the cash and papers of value were taken. The loss in cash is placed at $1100. Tacoma dealers have advanced the price of alfalfa and timothy $1 a ton. Alfalfa is quoted at $12.50@$13.50. and timothy at $20@$21 a ton. The annual report of the Spokane library commission has just been filed for the year 1905 and shows that the average number of books loaned daily during that year was 338. Chief of Police T. R. Delaney died at Seattle Saturday afternoon, after a protracted illness. Bright's disease was the cause of death. Chief De. laney took office on April 1, 1904.


Article from The Kennewick Courier, May 4, 1906

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Article Text

NEWSOFNORTHWEST WASHINGTON, IDAHO, MONTANA AND OREGON NEWS ITEMS. A Few Interesting Items Gathered From Our Exchanges of the Surrounding Country-Numerous Accidents and Personal Events Take Place-Fall Trade Is Good. WASHINGTON NOTES. John Gormely met death by drownin the Columbia river near Pasco. He on new across ing Pacific was working bridge the the Northern Columbia and lost his balance, falling to the water, 30 through river feet below. The State Bank of Washington, located at Spokane, has suspended temporarily. manager of the Traction company, Spokane B.J. Weeks, general has resigned his position. The Colville juvenile band has been organized with boys under 16 years of age, who are being trained by C. H. Peregrine, formerly of Montana. Invitations are out from the trustees and faculty of the Upper Iowa unifor the at of versity the induction inaugural Rev. Dr. ceremonies William Arnold Shanklin as president of the university at Fayette, Iowa, Tuesday, May 22. He was formerly miniser of the First M. E. church at Spokane. a verdict excessive, the Holding supreme of $33,000 court, sitting to be at Olympia, in an opinion by Chief Justice Mount, cut the award in favor of Herbert. L. Williams, a postal clerk of Spokane, to $20,000 for injuries sustained in a collision of cars on the Spokane Falls & Northern railway at Northport, Wash., three years ago. Judge Dunbar dissented. Clairvoyants, spiritualists and trance mediums can practice in Spokane without a license according to a ruling made by Judge Huneke. The body of Thomas Amos, who died at his home 10 miles east of Creston was buried at Colfax. He was a past grand master of Masons of Washington, and entitled to the honors of burial by the grand lodge. Approximately 200 gallons of cream are shipped daily by express from Mabton to Spokane. The Pacific Coast Steamship company on the sound announces that it will sell tickets and take prepaid are agents freight for instructed San Francisco. by the company The to see that the passengers on its steamers have sufficient funds for maintenance on arrival at San Francisco. Eugene V. Debs, the leader of the big railroad strike in 1894, is fighting for a foothold in Seattle labor circles. Spangle is having quite a boom this spring. As a shipping point Mabton has reached was the A safety considerable pin removed prominence. from throat of Alice Scudder, the 2 year of whose serold Tacoma, child by of Mr. Dr. and Loughlin, Mrs. Scudder, vices had been secured to treat the child for a sore throat. Daniel Stewart, a pioneer of Walla Walla, aged 81 years, is dead. At a depth of 77 feet a six inch flow of artesian water has been encountered at Bluelight, 17 miles from exan effort to pended Mabton. in At Mabton $12,000 find an artesian was well but without Kettle Falls The Bank of success. was burglarized Friday night. The safe was and all and blown of open value the cash The papers were taken. loss in cash is placed at $1100. Tacoma dealers have advanced the price of alfalfa and timothy $1 a ton. Alfalfa is quoted at $12.50@$13.50, and timothy at $20@$21 a ton. report of the has filed library The annual commission just been Spokane year 1905 and the for the number shows that average of books loaned daily during that year was 338. T. R. died at after Chief Seattle of Police Saturday afternoon, Delaney a protracted illness. Bright's disease cause of death. Delaney was the took Chief office on April 1, 1904.


Article from The Kendrick Gazette, May 4, 1906

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NEWSOFNORTHWEST WASHINGTON, IDAHO, MONTANA AND OREGON NEWS ITEMS. A Few Interesting Items Gathered From Our Exchanges of the Surrounding Country-Numerous Accidents and Personal Events Take Place-Fall Trade Is Good. WASHINGTON NOTES. John Gormely met death by drownriver near ing in the Columbia Northern Pasco. working on the new across the lost his He Pacific river was and bridge balance, Columbia falling _through to the water, 30 feet below. The State Bank of Washington, located at Spokane, has suspended temporarily. B. J. Weeks, general manager of the Spokane Traction company, has resigned his position. The Colville juvenile band has been with boys 16 years of age, who are organized being trained under by C. H. Peregrine, formerly of Montana. Invitations are out from the trustees and of the Upper for the inaugural versity faculty ceremonies Iowa uniat induction of Rev. Shanklin as Arnold the president Dr. William of Tues- the university at Fayette, Iowa, day, May 22. He was formerly miniser of the First M. E. church at Spokane. Holding a verdict of $33,000 to be the at in an opinion excessive, Olympia, supreme court, by sitting favor Chief cut the award in of L. a Justice Herbert. Mount, Williams, postal clerk susof Spokane, to $20,000 for injuries a collision of cars on Falls & at Spokane tained in Northern railway ago. the Northport, Wash., three years Judge Dunbar dissented. Clairvoyants, spiritualists and trance can a license a mediums without practice according in to Spokane ruling made of Thomas who The body by Judge Huneke. Amos, home 10 miles east of buried at died Creston at his was Colfax. of Masons He was a past grand master of and honors of burial by Washington, the entitled grand to lodge. the Approximately 200 gallons of cream are shipped daily by express from Mabton to Spokane. Coast comon the sound announces it pany The Pacific Steamship that tickets and for San freight will sell Francisco. take the prepaid The are instructed by company to that the agents see passengers funds on its steamers have sufficient for maintenance on arrival at San Francisco. Eugene V. Debs, the leader of the big railroad strike in 1894, is fighting circles. for a foothold in Seattle labor Spangle is having quite a boom this spring. As shipping point Mabton has reached considerable a prominence. from . A safety pin was removed the throat of Alice year child Scudder, Mrs. Scudder, the 2 old of Mr. and of Dr. serbeen vices Tacoma, had by secured Loughlin, to whose treat the child for a sore throat. a Walla Walla, 81 Daniel aged Stewart, years, pioneer is dead. of of 77 feet a six inch flow water enAt of a depth artesian 17 has miles been countered at Bluelight, from At exin an effort to an pended Mabton. Mabton $12,000 find artesian was well but without success. The Bank of Kettle Falls was burglarized Friday night. The safe was and of value were papers blown open all taken. the cash The loss and in cash is placed at $1100. Tacoma dealers have advanced the of alfalfa and timothy $1 a ton. is at price Alfalfa quoted $12.50@$13.50, ton. and timothy at $20@$21 a The annual report of the Spokane library commission has just been filed the 1905 and shows that the number of average for year books 338. loaned daily during that year was Chief of Police T. R. Delaney died at Seattle Saturday afternoon, after a protracted illness. Bright's disease was cause of Dethe death. Chief 1904. laney took office on April 1, IDAHO NEWS. Six thousand rainbow trout from


Article from Elk City Mining News, May 5, 1906

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WASHINGTON, IDABO, MONTANA AND OREGON NEWS ITEMS. A Few Interesting Items Gathered From Our Exchanges of. the Sur rounding Country-Numerous Accidents and Personal Events Take Place-Fall Trade Is Good. WASHINGTON NOTES. John Gormely met death by drowning in the Columbia river near Pasco. He was working on the new Northern Pacific bridge across the Columbia river and lost his balance, falling through to the water, 30 feet below. The State Bank of Washington, located at Spokane, has suspended temporarily. B. J. Weeks, general manager of the Spokane Traction company, has resigned his position. The Colville juvenile band has been 16 are by years organized of age, who with being boys trained under C. H. Peregrine, formerly of Montana. Invitations are out from the trustees and faculty of the Upper Iowa university for the inaugural ceremonies at the induction of Rev. Dr. William Arnold Shanklin as president of the university at Fayette, Iowa, Tuesday, May 22. He was formerly miniser of the First M. E. church at Spokane. Holding a verdict of $33,000 to be excessive, the supreme court, sitting at Olympia, in an opinion by Chief Justice Mount, cut the award in favor of Herbert. L. Williams, a postal clerk of Spokane, to $20,000 for injuries sustained in a collision of cars on the Spokane Falls & Northern railway at Northport, Wash., three years ago. Judge Dunbar dissented. Clairvoyants, spiritualists and trance mediums can practice in Spokane without a license according to a ruling made by Judge Huneke. The body of Thomas Amos, who died at his home 10 miles east of Creston was buried at Colfax. He was a past grand master of Masons of Washington, and entitled to the honors of burial by the grand lodge. Approximately 200 gallons of cream are shipped daily by express from Mabton to Spokane. The Pacific Coast Steamship company on the sound announces that it will sell tickets and take prepaid freight for San Francisco. The agents are instructed by the company to see that the passengers on its steamers have sufficient funds for maintenance on arrival at San Francisco. Eugene V. Debs, the leader of the big railroad strike in 1894, is fighting for a foothold in Seattle labor circles. Spangle is having quite a boom this spring. As a shipping point Mabton has reached considerable prominence. A safety pin was removed from the throat of Alice Scudder, the 2 year old child of Mr. and Mrs. Scudder, of Tacoma, by Dr. Loughlin, whose services had been secured to treat the child for a sore throat. Daniel Stewart, a pioneer of Walla Walla, aged 81 years, is dead. At a depth of 77 feet a six inch flow of artesian water has been encountered at Bluelight, 17 miles from Mabton. At Mabton $12,000 was expended in an effort to find an artesian well but without success. The Bank of Kettle Falls was burglarized Friday night. The safe was blown open and all the cash and papers of value were taken. The loss in cash is placed at $1100. Tacoma dealers have advanced the price of alfalfa and timothy $1 a ton. Alfalfa is quoted at $12.50@$13.50, and timothy at $20@$21 a ton. The annual report of the Spokane library commission has just been filed for the year 1905 and shows that the average number of books loaned daily during that year was 338. Chief of Police T. R. Delaney died at Seattle Saturday afternoon, after a protracted illness. Bright's disease was the cause of death. Chief Delaney took office on April 1, 1904.


Article from Bonners Ferry Herald, May 5, 1906

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WASHINGTON NOTES. John Gormely met death by drowning in the Columbia river near Pasco. He was working on the new Northern Pacific bridge across the Columbia river and lost his balance, falling through to the water, 30 feet below. The State Bank of Washington, located at Spokane, has suspended temporarily. B.J. Weeks, general manager of the Spokane Traction company, has resigned his position. The Colville juvenile band has been organized with boys under 16 years of age, who are being trained by C. H. Peregrine, formerly of Montana. Invitations are out from the trustees and faculty of the Upper Iowa university for the inaugural ceremonies at the induction of Rev. Dr. William Arnold Shanklin as president of the university at Fayette, Iowa, Tuesday, May 22. He was formerly miniser of the First M. E. church at Spokane. Holding a verdict of $33,000 to be excessive, the supreme court, sitting at Olympia, in an opinion by Chief Justice Mount, cut the award in favor of Herbert. L. Williams, a postal clerk of Spokane, to $20,000 for injuries sustained in a collision of cars on the Spokane Falls & Northern railway at Northport, Wash., three years ago. Judge Dunbar dissented. Clairvoyants, spiritualists and trance mediums can practice in Spokane without a license according to a ruling made by Judge Huneke. The body of Thomas Amos, who died at his home 10 miles east of Creston was buried at Colfax. He was a past grand master of Masons of Washington, and entitled to the honors of burial by the grand lodge. Approximately 200 gallons of cream are shipped daily by express from Mabton to Spokane. The Pacific Coast Steamship company on the sound announces that it will sell tickets and take prepaid freight for San Francisco. The agents are instructed by the company o see that the passengers on its steamers have sufficient funds for maintenance on arrival at San Francisco. Eugene V. Debs, the leader of the big railroad strike in 1894, is fighting for a foothold in Seattle labor circles. Spangle is having quite a boom this spring. As a shipping point Mabton has reached considerable prominence. A safety pin was removed from the throat of Alice Scudder, the 2 year old child of Mr. and Mrs. Scudder, of Tacoma, by Dr. Loughlin, whose services had been secured to treat the child for a sore throat. Daniel Stewart, a pioneer of Walla Walla, aged 81 years, is dead. At a depth of 77 feet a six inch flow of artesian water has been encountered at Bluelight, 17 miles from Mabton. At Mabton $12,000 was expended in an effort to find an artesian well but without success. The Bank of Kettle Falls was burglarized Friday night. The safe was blown open and all the cash and papers of value were taken. The loss in cash is placed at $1100. Tacoma dealers have advanced the price of alfalfa and timothy $1 a ton. Alfalfa is quoted at $12.50@$13.50, and timothy at $20@$21 a ton. The annual report of the Spokane library commission has just been filed for the year 1905 and shows that the average number of books loaned daily during that year was 338. Chief of Police T. R. Delaney died it Seattle Saturday afternoon, after a protracted illness. Bright's disease was the cause of death. Chief Delaney took office on April 1, 1904.


Article from The Spokane Press, May 14, 1906

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# TO CLOSE AFFAIRS # OF THE STATE BANK Judge Poindexter made a norder today allowing Horace Kimball, receiver of the State Bank of Washington, to sell the office furniture of the concern and to vacate the premises at 112 Wall street. The court also empowered the receivr to collect all bills receivable in the possession of the bank.


Article from The Spokane Press, July 25, 1906

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# M'CART FAILED # TO APPEAR The hearing before Justice Stocker in the Swanson-Clure case of re- ceiving money at the State Bank of Washington when they knew the bank to be in a failing condition, has been continued to Thursday morning, owing to the absence of Thomas McCart and Receiver Hor- ace Kimball. The latter is said to be ill, but the former, who has been one of the chief complainants against the methods of the accused, did not appear yesterday. On Thursday he will be compelled to explain his absence from court.