22420. Commercial National Bank (Tacoma, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Start Date
October 16, 1895
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini
Short Digest
27dff625

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Oct 16, 1895) state the Commercial National Bank of Tacoma failed to open and a receiver (S. M./B. M. Nolan) was appointed. No article describes a depositor run prior to suspension — the cause is given as a sudden demand by the city for $6,000 of its deposits, i.e., a local demand/withdrawal causing suspension and receivership. OCR variations in receiver initial (S. M. / B. M. Nolan) noted but do not change substance.

Events (2)

1. October 16, 1895 Receivership
Newspaper Excerpt
S. M. Nolan has been appointed receiver. The officials say that the depositors will be paid in full.
Source
newspapers
2. October 16, 1895 Suspension
Cause
Local Shock
Cause Details
Sudden demand by the city of Tacoma for $6,000 of its deposits precipitated the bank's failure to open and appointment of a receiver.
Newspaper Excerpt
The Commercial National bank... failed to open today. S. M. Nolan has been appointed receiver.
Source
newspapers

Newspaper Articles (9)

Article from The Anaconda Standard, October 17, 1895

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Article Text

A Tacoma Bank Failure. Tacoma, Oct. 16.-The Commercial National bank, of which Judge Frank Allyn is president, failed to open to-day. S. M. Nolan has belan appointed receiver. The cause of the failure is 'the sudden demand of the city for $6,000 of its deposit. The officials say that the depositors will be paid in full.


Article from St. Paul Daily Globe, October 17, 1895

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Article Text

Tacoma Bank Fails. TACOMA, Wash., Oct. 16.-The Commercial National bank, of which Judge Frank Allyn is president, failed to open today. The cause of the failure was a sudden demand of the city for $6,000 of its deposits. The officials say that the depositors will be paid in full. S. M. Nolan has been appointed receiver.


Article from The Salt Lake Herald, October 17, 1895

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Article Text

A BANK GOES UP. TACOMA, Wash., Oct. 16.-The Commercial National bank, of which Judge Frank Allyn is president, failed to open today. S. M. Nolan has been appointed receiver. The cause of the failure is the sudden demand of the city for $6,000 of its deposit. The officials say that the depositors will be paid in full.


Article from The Indianapolis Journal, October 17, 1895

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Article Text

National Bank Closed. TACOMA, Wash., Oct. 16.-The Commercial National Bank, of which Judge Frank Allyn is president, failed to open to-day. S. M. Nolan has been appointed receiver. The cause of the failure is the sudden demand of the city for $6,000 of deposits. The officials say that the depositors will be paid in full.


Article from The Dalles Times-Mountaineer, October 19, 1895

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Article Text

Another Bank Failure. TACOMA, Wash., Oct. 16.-The Commercial National bank, Judge Frank Allyn, president, failed to open this morning. S. M. Nolan was appointed receiver. The cause of the failure was the sudden demand of the city for $6000 of its deposits. The officials say depositors will be paid in full.


Article from Elmore Bulletin, October 23, 1895

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Article Text

COMMERCIAL NATIONAL BANK FAILS Tacoma Institution Couldn's Meet the Demand of the City, Tacoma, Wash., Oct. 16.-The Commercial National bank, of which Judge Frank Allyn is president, failed to open today. B. M. Nolan has been appointed receiver. The cause of the failure is the sudden demand of the city for, $6000 of its deposit. The officials say that the depositors will be paid in full.


Article from The Representative, October 23, 1895

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NEWS IN GENERAL. New York-Louis Schwarz, the wholesale dealer in woolens, made an assignment today. The liabilities are about $60,000; assets unknown. Leominster. Mass.-The Richardson Piano factory was burned this morning; loss $50,DOO; insurance, $30,000. Washington-The third quarterly statement of the production and exports of Cuban sugars of 1894-5, compiled to Sept. 30, last, shows that the island of Cuba had marketed its present crop as follows: United States, 712,847 tons, or 92.53 per cent; Spain, 26,296 tons, or 3.41 per cent: Canada, 25,556 tons, or 3.82 per cent; Great Britain, 5,674 tons or 0.74 per cent. San Francisco-Gen. Manuel Caslin, who departed with Gen. Ezeta to conquer Salvador, has returned to town. He says he will sue the Pacific Mail company for damages for putting him off the steamer at Acapulco. Caslin says he has returned here to complete the organization of Ezeta's army, and that he is going to New Orleans at once to charter a ship to take troops to Salvador. Ancona-During a hurricane yesterday a fishing smack foundered and 12 fishermen were drowned. The storm continues to be felt with severity today and it is feared that other disasters to shipping have occurred. San Francisco-A dispatch from New York states that the Guatemalan government has Issued an official decree for the purpose of prohibiting C. P. Huntington from selling the Guatemala Central railroad to a Scotch syndicate. It is then represented by the lispatch that as the railroad charter from the government specifies that the company has an absolutely free right to sell the road to any one to whom it sees fit to do SO. The government decree may become the subject of an international dispute, in view of the act that the company is a California corporation. New Orleans-Fire last night destroyed the National Rice mill on Elysian Field street and four adjacent buildings. Loss stimated at $200,000: fully insured. The loss included $40,000 worth of rice. San Francisco-The United States steamer Ranger has arrived in port from Acapulco. The vessel has been away from San Frantisco for nearly a year, during which time she has been cruising along the Central and South American coasts. The vessel has been detailed to act as a receiving ship and to occupy the same position here as the Independence does at Mare Island. At present 400 men are needed in the navy, of which number 200 will go on the Boston. St. Louis-The American Tobacco Company has purchased the immense plant of the J. G. Butler Tobacco company in this city and will at once begin the manufacture of plug tobacco. This movement is believed to be in retaliation for the action of the local tobacco concerns in manufacturing cigarettes in opposition the trust. Columbus, Ohio.-The Columbus, Sanflusky and Hocking railway was sold by the receiver at Bucyrus this morning to the bondholders' committee for $1,500,500. There was no opposition bidding. Oscoda, Mich.-Nothing has yet been heard from the missing tug Petrel. A high wind prevailed last night. Tugs were to start early this morning from Alpena and Tawas, but the heavy sea has probably prevented their doing SO. The Loud company are using every effort to find the Petrel, but fear the worst. The Petrel may have drifted to the Canadian shore. Ypsilanti, Mich.-Myron Cody, age 64 years, a wealthy farmer living in this city, committed suicide this morning by shooting himself in the head. Cody and hs wife had lived unhappily together for a number of years past and recent family troubles was the cause of his committing suicide. Yokohama-It is anonunced that on Oct. 14 Viscount Muira, the Japanese minister to Corea, and the other members of the Japanese legation, together with a number of military officers at Seoul. were recalled. The report that Japanese soshi were implicated in the murder of the queen of Corea is confirmed. Detroit, Mich.-A special to the Journal from St. Ignace, Mich., says that the report setn out from there last night that a steamer at anchor under St. Helena Island was burned, proves to have been a mistake. A house burned on St. Helena Island last night which gave rise to the report. Zanzibar-An English captain commanding a company of native troops, has been shot dead by rebels near Gazi, on the African mainland. His body was not found. London-The new battleship Victorious was launched from the Chatham dockyard this afternoon. She is 390 feet long and has 75 feet beam and 27½ feet draught. Jamestown, N. D.-Fall work is more than usually difficult this year. No rain has fallen for weeks, the ground is baked and plowing is quite difficult. An early frost caught hundreds of acres of potatoes undug, and the loss through freezing is considerable. Owing to lack of moisture during the growing season the yield is light, though the quality is excellent. Tacoma, Wash.-The Commercial National bank, of which Judge Frank Allyn is president, failed to open today. The cause of the failure was the sudden demand of the city for $6,000 of its deposits. The officials say that the depositors will be paid in full. S. M. Nolan has been appointed receiver. Jordan, Minn.-The commission to locate the insane asylum met here and


Article from Union County Courier, October 24, 1895

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Article Text

LATE TELEGRAPHIC NOTES. WASHINGTON-The postoffice department issued an order forbidding the use of United States mails to the Brunswick Tobacco Company, of Kansas City, Mo., for conducting a lottery scheme in connection with its business. Complaintsfrom New York City brought about the action of the department. HUDSON-A corporation was organized here in connection with the affairs of the Manoa company, which last summer secured a restoration of its rights from lhe United States of Venezuela. The new company is called the Orinoca company, and takes the place of the company recently incorporated in the state of Washington. Tacoma, Wash.- The Commercial National bank, of which Judge Frank Allyn is president failed to open. The cause of the failure was a sudden demand of the city for $6,000 of its deposits. The officials say that the depositors will be paid in full. S. M. Nolan has been appointed receiver. MADISON, Wis.-The department of state has completed the compilation of census returns, showing'the population of the state by senate and assembly districts under the last apportioument. Upon these figures and the inequalities in representation which they show, the republicans will base their argument for an extra session of the legislature to reapportion the state. HELENA, Mont. - Wm. Biggerstag was placed on trial in the district court for the murder of Richard Johnson, champion prize fighter of Montana. A woman was at the bottom of the killing, which was almost cold blooded. MILWAUEEE, Wis.-According to Dr. C. F. Scott, the veterinarian, the goldenrod, the national flower, over which so many women rave, is responsible for the death of hundreds of horses in the lumber region of Wisconsin. Вомват-Тhе mutineer in Goa have refused to accept the amnesty offered to them by the Portuguese officials and have committed further acts of violence and spoilation. They have looted the treasuries in the city of Goa and wrecked several buildings.


Article from The Globe-Republican, October 24, 1895

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sia C. H. Stuckey, cashier of the state bank at Duluth, Minn., is missing He with $15,000 of the bank's money. had been leading a fast life. The bank is still solvent. The clothespin manufacturers of America have formed a trust. Fred W. Farr, cashier of the defunct First State bank of Perry, Okla., was brought back from Colorado. A large crowd greeted him with maledictions, but there was no attempt at violence. Rev. Frank Hyatt Smith of Cam- for bridge, Mass. has been indicted mailing scurrilous postal cards. K. Ward of the Memphis Barrel and A. Heading company is missing after issuing $200,000 worth of forged paper. Fourteen "O" county, Oklahoma, White Caps are under arrest. Texas, Wyoming and Oklahoma sheep are excluded from Colorado by Master quarantine. Benny McKee has scarlet his fever at Saratoga, N. Y., and grandpa is quarantined. Nettie Easley, aged 21, of Mount UnWashington, Ky., hung herself. requited love the cause. Chicago health department has prean ordinance licensing places for pared where horses are slaughtered meat. Its provisions amount almost to a prohibition. Episcopal convention at the Minneapolis sat down upon advocates were ward THE and died hard. J. M. Francis has been and made Rev. Episcopal bishop at Kioto, Japan, Ste. Peter J. Rowe of Sault Rev. Mich., bishop of Alaska, with Marie, understanding that J. for Pierrepont the Morgan pays the latter's salary three years. It is reported that Brazil has recognized the Cubans as beligerents. Judge Joseph M. Bailey of the Illinois supreme court died at Freeport, aged 62. constitution of twenty-three artiA cles has been adopted by the Cuban revolutionary government. Bandits used dynamite on an M., K. Texas, & T. express car near Belton, but were frightened away. The scheme for reforms in Armenia submitted by the European powers has been accepted by the Turkish Minister of foreign affairs Commercial National bank the of The Wash., has gone into officers hands Tacoma, of a receiver. The promise to pay up in full. Colonel George H. Fisher, consul Linto Japan under President coln, general and to Syria under President Grant, died in Washington. Cleveland Chamber of Commerce is a movement to shorten na- of tional leading political campaigns, because disastrous effect on business. The Loyal Legion's Grand bien- Commandof the United States met in John ery session and elected General Miles. nial Gibbon commander over General Mr. Joseph Ramsey, Jr., now gen eral manager of the St. Louis Termi. Railroad Association, has been ap the nal pointed general manager of Wabash. K. Coulter, ex-assistant of Jerome of Omaha, Neb., accused $20,000 treasurer embezzlement, was arrested a in New Orleans. He was nearly penThe niless. state department has received Ambassador Patenotre of France from invitation of the French republic of 1900. to the take part in the French exposition A. C. Charlton and Allen Stocker, bankers of Richland, Iowa, private failed, and Charlton is missing. The have bank had about$60,000 on deposit. Speculation is the cause. is reported in Washington that to It Dufferin, British ambassador Sir Lord will soon retire, and that Paris, Paunceforte, British ambassa- sucdor to Julian this country, may be his cessor. Belva Lockwood, the noted has Mrs. lawyer of Washington, the woman held to the grand jury on libeled been of having criminally the charge Robert E. L. White, a tenant of building. Democrats of Utah have issued a reconvene the state ticket convention call to 22 to withdraw the and which October the Mormons are fighting try another one on them. E. Young, an old and promi- was Dan politician of Folsom, N. M., behind. nent murdered. He was shot from of thought the White Caps, some with It is whom he exposed, are connected the murder. Indian Territory Press Ind. AssociaThe at a meeting at Purcell, PurS a the Jo Maller 'H M eleeted thoir Ter., Register president, and cell Davis of the Wagner Sayings secretary and annual treasurer. report of the quarter- is The general shows that the army since better master cared for than any time the civil war. Postal receipts from thirty cities show the first quarter of this year the for increase of ten per cent over an same period of last year. National Convention of Liquor of The Dealers re-elected John W. Howard St. Louis treasurer. Canadian banks are worried by the