22440. Tacoma Trust & Savings Bank (Tacoma, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 13, 1895
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini
Short Digest
dc689c39

Response Measures

None

Description

Court-appointed receiver A. R. Titlow took charge in Sept 1895 after the bank failed/was insolvent; articles detail missing books, criminal inquiries, and litigation. No article describes a depositor run prior to suspension; the institution was placed in receivership and wound up.

Events (2)
1. September 13, 1895 Receivership
Newspaper Excerpt
That he first file his oath as provided by statute; likewise his bond in the sum of $400000 ... That he proceed with all convenient speed to prepare and file a specific schedule of the assets and liabilities of the said bank corporations ... That said receiver proceed to collect the debts owing to and all property of said bank corporations ... and convert the said property assets to money and distribute the same to the creditors ratably under the orders of this court. (Receiver A. R. Titlow appointed.)
Source
newspapers
2. September 13, 1895 Suspension
Cause
Government Action
Cause Details
Court action due to bank insolvency and missing books; receiver A. R. Titlow appointed to take charge and liquidate assets.
Newspaper Excerpt
Tacoma, Sept. 13.-Special.-The question of who would be appointed receiver of the Tacoma Trust and Savings bank and the Bank of Tacoma was settled this morning, when Judge Stallcup appointed A. R. Titlow to the position.
Source
newspapers

Newspaper Articles (11)
1. September 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 14, 1895

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TITLOW IS RECEIVER Of Boggs' Tacoma Bank, Which Holds City Money. HISTORY OF ABERCORN'S RAILS. Gray's Harbor Fishermen on StrikeFederal Prisoners Held at Tacoma For Board BIII. Tacoma, Sept. 13.-Special.-The question of who would be appointed receiver of the Tacoma Trust and Savings bank and the Bank of Tacoma was settled this morning. when Judge Stallcup appointed A. R. Titlow to the position. Here are the instructions the court ordered: That he first file his oath as provided by statute; likewise his bond in the sum of $400000, first presenting the same to the court for approval. That he proceed with all convenient speed to prepare and file a specific schedtile of the assets and liabilities of the said bank corporations. That he recover the missing books of account of said bank corporations. That he look into the matter and see If the criminal laws of the state have been violated in carrying away or secreting any of the books or property of the said bank corporations, or in the manipulation of the affairs thereof, or of the money of the defendant city In connection therewith, by the officials of said city or the said bank and bring to the attention of the prosecuting attorney the evidences of such offense, If any there be, to the end that such offenders may be apprehended and brought to trial upon such charges as may be made. That If it becomes necessary In carrying out this order to have requisition or extradition for any who have departed from the state. then he is to report the facts relative thereto to the court that proper orders may be made touching the same. That upon the filing of said oath and bond the said defendant Alexander give and hand over to the said receiver all the books, papers, moneys and assets of the said bank corporations under his control, likewise such information, if any he may have, of any not under his control. That said receiver proceed to collect the debts owing to and all property of said bank corporations, and the said parties here and all other persons having any of said property in their possession or under their control, are hereby ordered to deliver the same to said receiver, and all persons owing or having any such money belonging to said bank corporations are hereby directed to pay over the same to the said A. R. Titlow, as such receiver on his demand. That the said receiver proceed without unnecessary delay to convert the said property assets to money and distribute the same to the creditors ratably under the orders of this court. That for any legal assistance or advice required or desired by the said receiver in the discharge of the duties of this trust he is directed to apply to Mr. Bogle or Mr. Jordan, or both, who are hereby appointed for that purpose. The city attorney was given until Monday morning to make up his mind whether he will dismiss the suit of the city against the bank or plead to the answer. The probabilities are that he will abandon the action, as all he was suing for has been obtained in the Olsen suit, and while the city has been nominally a defendant to that suit, It was no secret that the city attorney was on the best of terms with Mr. Olsen's attorneys, and he took no exception to the order of this morning, but appeared pleased with the same.

2. October 7, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 7, 1895

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RECEIVER TITLOW'S SENSATION. Mysterious Dealings of the Bank of Tagoma Coming to Light. Tacoma. Oct. 6.-Special.-The publication in today's Post-Inteiligencer that the Washington National bank. of Seattle, was buying in certificates of deposit on the defunct Bank of Tacoma at 100 cents on the dollar created a marked sensation here. A flood of light has been shed on the dark and mysterious dealings in the bankrupt institution by the affidavits in Receiver Titlow's possession, and many things that have heretofore appeared it. explicable are now being accounted for. Receiver Titlow and the city officials pre very anxious to ascertain what, if any, assets of the late Tacoma Trust and Savings bank are held by the Seattle bank and Attorney Jones. It is general Y CCI:ceded that the Washington National bank must be supplied with funds by some one to buy in accounts at their face value of the insolvent Tacoma bank In order to ascertain just what assets are hell in Seattle, if any, it is necessary to have the books of the Tacoma Trust and Savings

3. October 8, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 8, 1895

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HELD FOR CONTEMPT OF COURT Bank of Tacoma Officials in New Trouble-Attorney Jones Scored. Tacoma, Oct. 7.-Special.-President W. Allen, Cashier Carpenter and ex-Assignee B. E. S. Alexander, of the defunct Bank of Tacoma. were held to answer why should not be committed for con- this tempt they by Judge William H. Pritehard missfor not delivering up the of the Tacoma Trust afternoon. ing books Titlow. and Savings bank to Receiver The decision is one of the most important in the now famous case. which incidents up first today on the reply of the recame ceiver to the answer of Allen, Alexander and Carpenter, filed Friday last. This anwas in effect that they did not have and swer their possession the stolen books the had in delivered up all the property of wrecked banks to the receiver. The court in a very positive manner told three men that their answers were evasive the and not satisfactory to the court. Judge Pritchard rendered his decision in As clear, determined tones and in words all could understand. it was plain that of the that defendants realized the seriousness the case against them. was a bad day all around for It and his associates. On the beAllen two matters that came other the court. including Attorney Jones' fore attack on Receiver Titlow's bond, the held in favor of the receiver. today of The court first proceedings affidavits consisted pubreading in court of the the Sunday in the Post-Intelligencer. lished that of E. D. Morris, the Seattle who swears he the Starr-Boyd expressman. trunk including to building affidavit hauled for and W. a Allen. Receiver Titlow's were B. that of Bookkeeper Molvig also before the court. The attorneys each placed argued the matter at length, then being bitter in its arraignment of the side Judge Pritchard then announced as other. his decision, which was in substance follows: The court held that the evidence amply warranted the 'institution of contempt pro- and against Allen, Alexander ceedings Carpenter. and the clerk was directed to an order that the prosecuting attorenter institute contempt proceedings in,the ney of the state. and appear and prosename the same. The answers of the defendcute as set out in their affidavits. was pro- and ants. evasive and unsatisfactory. the nounced court said that it was clear that that the books had not been lost, but they missing had been improperly taken away from the vaults of the bank. Pritchard said further that the Judge of procedure adopted by the defendmode did not commend itself to the court, to ants that their actions rather tended It but the court against them. said prejudice have been better for them. would judge. had they come in and made the a the disclosure of all they knew of full "It appears from defendants' debooks. Jones) that Mr. Allen had do this. but that him. The parties strained counsel sired to (Mr. counsel defendant had to have me, reshown better judgment. it appears their counsel than Parkerthereupon arreated Messrs. they Sheriff Alexander and Carpenter. and court. Allen, brought before the bar of the were Pritchard held them till tomorrow was Judge o'clock. Each of the defendants the at allowed 10 to go bail for the others in sum of affidavit $5,000 each. of Receiver Titlow. which The severe reflections on Attorney contained was then argued by the attorneys. affidaJones. directed that the The court that of Mr. Jones. which charged assets vit and receiver with squandering the atthe bank and contracting expensive judge of the bills, be stricken out. The torneys' said that the language of each was hardly respectful to the court. Charles S. Richardson. one of depu- the Judge for the receiver. has been atterattorneys appear for the prosecuting ney tized in to the contempt proceedings tomorrow. Royal Baking Powder is made much from The finest materials and costs acthe very other brand. which counts more than for its any superiority. although it is

4. October 22, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 22, 1895

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# ALLEN DIDN'T KNOW. Remarkable Ignorance of Bank of Tacoma's President. # THE JUGGLING OF WARRANTS, Some Vanished, Some Were Sold, Some Given to Mayor Orr to Use as Collateral for a Loan. Tacoma, Oct. 21.-Special. The last witness in the case of the state of Washington vs. W. B. Alien, E. S. Alexander and Frank Carpenter, charged with contempt of court in not delivering the missing books of the Tacoma Trust and Savings bank to Receiver Titlow, was examined in Judge Pritchard's court this afternoon, and the arguments were begun by the attorneys. These will probably be finished tomorrow, and the court is expected to render an immediate decision. The most important evidence in the case was unearthed at today's hearing. From the testimony of Accountant Chidester and the books of the Bank of Tacoma, it was proven that the warrant account was short $22,750.14 when the bank failed. Bookkeeper Molvig swore he had received no consideration whatever for his note of $8,000, which was found among the "assets" of the bank, and which was entered on the books June 26, 1894, the same day that the warrant account showed that $8,000 of Boggs' warrants had been sold. But the most remarkable testimony given was suppiled by Mr. Allen himself. Throughout the case Judge Pritchard has shown a desire to have the whole truth brought out about the significant disappearance of the bank's books, and when Allen was on the stand Judge Charles Richardson, who is conducting the case for the state, was allowed to go into a great many of the matters relating to the disposition of the $212,000 of city warrants deposited by Boggs just before he went out of office April 16. 1894, and the dissipation of the Bank of Tacoma's assets. Mr. Allen's answers to the interrogatories of the attorneys were very unsatisfactory. He did not know anything about the entries on the books in the warrant account, particularly the one showing that $8,000 worth had been sold. Mr. Allen admitted that he had been East in the summer of 1894, and that he had taken city warrants to sell. He couldn't remember, however, how much he sold, or to whom, or, in fact, anything tangible about the transactions in which he himself was most interested. He did admit, however, that he sold something over $20,000 of warrants through agents, but he told the court he didn't remember who his agents were. To nearly all the questions of Judge Richardson Mr. Allen would answer: "I don't know," and this reply was returned to the probing inquiries of the attorney about the entries on the bank's books and the business transactions they represented. To the inquiries of Judge Pritchard, Allen said he had made diligent efforts to know where they were. He did not have any hand in their disappearance, he said. Mr. Allen was asked about an expense item of $1,000 in favor of himself, evidenced by a credit slip dated July 10, 1894, He said he knew nothing about it. He also denied any knowledge of an expense item of $4,649, and another slip which showed that $1,000 had been paid to Attorney Jones. Mayor Orr furnished one of the sensations of the day. Mr. Orr went on the stand and told how he had gone to the Bank of Tacoma for an accommodation in June last. Mr. Allen told him he could not supply him with cash, but would give him collateral on which perhaps he could raise a loan. Mr. Orr said that in pursuance of Mr. Allen's offer he received general fund city warrants amounting to $464. He had borrowed the money, said the mayor, and had paid off the note, and had returned the warrants that day to Mr. Allen's attorney. The note had been paid ten days ago, but through an oversight he had failed to return the warrants to Mr. Allen. When the mayor finished his testimony Attorney Sullivan, for Mr. Allen, delivered the warrants into the hands of Receiver Titlow. Messrs. Alexander and Carpenter both went on the stand and swore they knew nothing of the whereabouts of the stolen books. The books of the Bank of Tacoma in Receiver Titlow's hands contain many glaring irregularities and forced balances, conspicuous among them being an entry of three warrants which were missing when the receiver took charge. The numbers of these warrants were entered on the page, although this was not the custom of the bank's bookkeeper. The account was charged $360.40, the numbers being 6,450, 10,239 and 10,234. These warrants were returned to the receiver today by Allen's attorneys, to whom they had been given by Mayor Orr. No. 6,450 is for $200, 10,239 for $388.61 and 10,234 for $70.31, making the total $658.92, as against $360.40, as charged on the books. It is not believed the defense has strengthened its case by the production of these warrants, as they do not correspond with the amounts of the missing warrants on the books, being in excess thereof. Judge Richardson's opening argument for the state was a masterly arraignment of Allen and methods by which the Bank of Tacoma was wrecked. The greatest interest is manifested over the outcome of the case, around which hangs the whole Boggs warrant muddle.

5. October 23, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 23, 1895

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BANKER ALLEN GUILTY. Of Withdrawing and Secreting the Bank of Tacoma's Books. Tacoma, Oct. 22.-Special.-Judge Pritchard's court room was filled with people this afternoon at the termination of the trial of W. B. Allen, E. S. Alexander and Frank Carpenter for contempt of court in not turning over the missing books of the Tacoma Trust and Savings bank to Receiver Titlow. The attorneys on both sides had consumed part of yesterday and nearly all of today's session of the court in their arguments. They finished at about 3:30 o'clock, and Judge Pritchard immediately rendered his decision. The court held that Mr. Allen was guilty of contempt of court, and that he knew where the stolen books are and could produce them in court or could give the court information which could lead to their recovery if he was so disposed. As to Messrs. Alexander and Carpenter, Judge Pritchard held that they were not responsible for the loss of the books, and they were therefore released from further liability. The scene was a very impressive one as Judge Pritchard, in clear, measured tones, delivered his decision. It was an able, concise and logical statement of the facts in the case, Judge Pritchard said that there ought to be a way for the courts to prevent banks from going into insolvency and keeping the record of their transactions from the public by destroying or secreting their books. The court reviewed the connection of Alexander and Carpenter with the case, and showed that they would have no reason to hide the bank's records from the public. The alIbi question was not gone into, the judge apparently placing little If any importance on the Seattle trunk mystery. A1Ien's position as head of the Bank of Tacoma and his intimate knowledge of its affairs were touched on. and the court ended by declaring that he alone was guilty of contempt in either making away with the books or else refusing to disclose to the court their whereabouts. Mr. Allen was ordered committed to fail until he would tell what he knew about the books. His attorneys asked for a three days' stay of proceedings until they could prepare an appeal to the supreme court. Judge Pritchard gave them until tomorrow at 2 p. m. when Allen will appear and the appeal bond will be submitted. Allen was released until that hour on his personal recognizance, and the surety of his brother-in-law, ex-Senator J. H. Long, of Chehalis, in the sum of $5,000.

6. December 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 16, 1895

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Motion for Non- uit by Defense Overruled by the Court. Tacoma, Dec. 10.-Special-In the case of ex-City Treasurer George W. Boggs, the state yesterday afternoon finished its case, and the defense announced that it would begin introducing its evidence Monday. W. C. Chidester, the accountant employed by Receiver Titlow, of the Bank of Tacoma and Tacoma Trust and Savings bank. was the last witness. Yesterday's session was largely taken up in the cress-examination by Judge Campbell of Bookkeeper Marlus Molvig, the state's witness. It was shown that there was no agreement between Boggs and the bank relating to the payment of interest on city balances to him. Molvig admitted that Boggs had never authorized him to credit his personal account with the amounts charged to have been received and checked out. The jury was then excused while Judge Campbell, for the defense, made a motion for non-suit. Judge Campbell made a long and able argument, contending that no evidence had been introduced connecting Boggs with the transactions alleged. The court overruled the motion without hearing from the state, and thus reviewed the evidence already in: "in the first place, I am of the opinion that the public money of the city in the treasurer's hands or under his control is there for safe-keeping even though he also be charged with the duty of distributing that money in the usual course of business of the office, and therefore I am clearly of the opinion that the law covers the charge in this case. I believe that provision is practically. determined in the famous Krug case, and I am also of the opinion that if the defendant found the money in this bank when he assumed the duties of the office of city treasurer, and even though the city council actually designated this particular bank as a depository of the city's money, if when the money was in the bank subject to the treasurer's check, and thereby being under his control. he could not. by reason of these facts, excuse himself if he actually recelved interest thereon from the bank. It occurs to me, SQ far as the evidence is concerned, that there are four and possibly five material points that are to be maintained by the state before the court should let the case go to the jury, and upon these points I believe the state has produced enough evidence to entitle the case to go to the jury. First. I am satisfied that there is a considerable amount of evidence here and sufficient to give it to the jury upon the question of the moneys of the city having actually been in this particular bank and there subject to the check of the treasurer and under his control Second. 1 am satisfied that there is sufficient evidence tending to show that the bank gave the defendant credit upon his general personal account. upon its book on account of interest calculated upon the I city's money there at the time This think is shown to a sufficient exten to give it to the jury by the evidence of the witnesses who made the entries in these books together with the books themselves Third 1 am also satisfied that the evidence tends to show that a large part. or 12 fact. all of such credits given to the defendant personally were given to him on account of the interest calculated upon the city's money which was there under his control. and fourth. I am satisfied that there is evidence strongly tending to show that the defendant checked against this private account. made up in this way all of the moneys which were credited to it and beyond that to a considerable extent constituting an overdraft, and the circumstances of the case tend to show that he must have known that this money was credited to him upon that account and for that particular purpose, "Counsel lays considerable stress and makes quite 3 plausible argument upon the fact that the defendant is not connected with the making of these entries in the bank books and his consent is not shown I third it is immaterial whether his consent is shown to have existed at the time the entries were actually made or not If he afterward checked against that account knowing how the account was made up. and what constituted it, I think by so doing be received the benefit of it know. ingly. And upon that point we have the evidence of one witness Stacy who actually cashed the checks who here says that he recognized them) as the genuine checks of the defendant drawn upon that particular account, and we have the evidence of another witness, Mr. Molvie who received these checks as debit slips and carried them through and entered them in the

7. December 16, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 16, 1895

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Fred T. Taylor. making a big pile on the outside-all marked "Tacoma." For this pipe suit is about to be commenced by the City, its existence having but recently come to the knowledge of the present City Attorney. The pipe is said to be worth about $150,000. The agent who represents this warehouse is connected with a ship-broker firm on Market street. When the Merchants' National Bank failed, followed soon after by the Tacoma National, the Traders' and others, and the books became subject to inspection, it began to be apparent to the people at large how gigantic had been the combination for looting the treasury. The suicide of Paul Schulze, the later bank failures and the quarrels among the looters themselves have brought all the details before the public. The books of the Tacoma National-Ike Anderson's bank-show that he was a creditor to theextent of $54,000 at the time the bank closed. Nelson Bennett's private secretary stands charged with $40,000, which, he says, was made for the use of Anderson; G. G. Rowe, a clerk in Anderson's office, who is built for taking books from the top shelf, also has a note in the bank for $3000 for Anderson's benefit; Russel T. Joy, collaborator in the good cause, another $3000, gone; J. G. Parker, fatherin-law of Ikey' 's, $3000, gone; Fox Island Clay Works, of which lkey was president, $8000, defunct; Cherry Hill Coal Company, of which Ikey was president, $8000, defunct: Excelsior Park Land Company, of which he was president, $18,000, defunct; Crescent Creamery Company, of which he was a stockholder, promoter and active manipulator, $13,000, defunct; Tacoma Land Company, of which he is manager, $20,000. In the Traders' Bank Anderson owed $140,000, as shown by the record in the hands of the receiver; in the State Savings Bank $2720, and in addition to this and his liabilities in other banks there are judgments of record against him, all taken since the workings of the gang were unearthed. amounting to nearly $200,000. Nelson Bennett appeared on the books of the Merchants' National Bank a creditor to the extent of $30,000, in the State Savings Bank $3000, Tacoma Trust and Savings Bank $12,356 13, Bennett National Bank of Fairhaven $26,500. The Ledger, of which he is proprietor, also appears as a creditor to the extent of $13,000. In addition a judgment for $82,000 was recently entered against him, and many suits are now pending for other sums. Bennett was a director of the Tacoma Trust and Savings Bank at the time that institution was run by Grattan H. Wheeler. When this bank failed it had $228,000 of city money "on hand," but only $450 was found by the receiver. The balance is probably represented by the city warrants that went away in Wheeler's grip. W hen this bank went into the receiver's hands two of the books were missing; the two covering a most important period in its history. For their non-appearance W. B. Allen, the last president of the bank, renamed the Bank of Tacoma, is now under sentence for contempt of court, but the books are out of sight. Like the books of the Tacoma Grocery Company, that gigantic institution manipulated by Charles E. Hale, who is reported to have made $60,000 by the failure of his company, the books of the bank are as utterly beyond the sight of man as though burned in the "hell" of the old town mill, a fire that goes not out from year end to year end. H. O. Fishback, cashier of the Tacoma National, was a debtor to the bank to the extent of $8000. He was retained by the receiver to assist in winding up the bank's affairs, and when the receiver took steps to secure the $8000, Mr. Fishback promptly confessed judgment in favor of Eastern relatives to the amount of over $30,000. Fishback is now the Deputy City Treasurer. Samuel Collyer, the bright light and secretary of the Chamber of Commerce and grand fugleman of the Occidental and Oriental Fair which is to be held in Tacoma in the year of grace 1900, was a debtor to the bank of which he was cashier to the extent of $34,000, while his associate was in for $150,000. W.B. Allen, president of the Bank of Tacoma, which had $228,000 of city money "on hand," was a debtor individually and as a principal stockholder in sideshow corporations to the extent of nearly $150,000, while Boggs shows up in the same institution for $61,000. Other members of the city gang were in for various sums, large and small. C. A. Cavender, chairman of the Finance Committee of the City Council, who was brought before the bar of the Council last week, is accused of using his official position to extort moneys from the bank upon the pledge of his influence to deter the city from making demand for its deposit. Charge six against Mr. Cavender is to the effect that he instead of endeavoring to secure to the city its money from the Bank of Tacoma used his influence as chairman of the Finance Committee to obtain money out of the bank for his own personal use to the damage of the city and in bad faith; that during the months of April, May, June and July, 1894, while pretending to be unable to obtain any money for the city from said bank he did, by reason of his dishonesty and dishonorable dealings, obtain from said bank large sums of money, in all $4000. M. M. Taylor, president of the Board of Public Works, lately deposed for demanding $1000 rake-off from the Columbia National Bank for his influence in preventing

8. June 18, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 18, 1896

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BANKER ALLEN NOT IN CONTEMPT Didn't Take Books From Court-Not Proved That He Had Them. Olympia, June 17.-Special.-The supreme court today handed down an opinion in the case of the state ex rel. Isaae Olson and A. P. Tilton, receivers of the Bank of Tacoma and Tacoma Trust and Savings bank, respondents, vs. W. B. Allen, appellant, Frank Carpenter and E. S. Alexander, defendants. This was an av peal from the judgment and sentence finding Allen guilty of contempt of court. The respondent moves to dismiss on the ground that such judgment is not appealable, but as the right of appeal seems to be expressly given by section 791, volume 2, of the Code, the motion is denied. The alleged offense consisted in the violation of an order of court for Allen, who was not a party to the original action, to produce certain books belonging to the Tacoma Trust and Savings bank, for which a receiver had been appointed, but the affidavit failed to show that he had had the books in his possession or under his control. The contempt was not one committed in presence of court, and the supreme court holds that the position of the appellant is well supported by the authorities, that an affidavit used as a basis for the institution of such proceedings must show that it is in the power of the party prosecuted to comply with the order of the court. The fact that proof was subsequently introduced upon the trial tending to show that he did have possession of the books is immaterial, for It was necessary that there should have been a sufficient affidavit In order to give the court authority to proceed with the hearing. Judgment is reversed.

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

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THE BOGGS IdenCity of Tacoma May Be of Able Them. to tify Aug. $162,000 8.-Special.-The problem paying providing ways expenses. Including JOLE the deligquent salaries the city council this rewas again It came up in the of the counof Tacoma, city's running before committee and means of city informal employes, the general by Treasurer ell port afternoon. appointed of outstanding the special to prepare an ordinance fund warrants fundhad not been was composed Councilmen Boggs. The Norton of and ascertaining Whitty. the num- purwas left the warrants task that had as been cash bers of the and deposited ing which the committee paid To them The of in chased banks by that have been since to omit the Boggs has failed. ordinance, these council's warrants from owners to go into thus require that their they have not been court redeemed and prove with city made funds. a verbal once-paid once and purpose Norton the that the reCouncilman which he said purport today, that in undoubtedly amounted had been to $162,warrants with city the funds committee could found deas far That as is, the committee evidence that 000. chased termine. procure had exceedto an amount It aggregating purchased by that and given deposited had in as bank. they Heretofore have been ing the warrants impossible estimated been Boggs warrants. to aggregate Boggs have been from that up to than $300,000. and that his comnot less Mr. Norton said to had found it amount of mittee $400,000. called. impossible large expected procure the to find warrants report evidence without regarding which difficulty. it a had been of the committhere something According was to deposited the In like the $107,000 Columbia of National bank in the German bank State Savings and Savings in the the Tacoma Trust warrants, tee, Savings known $10,000, bank the $15,000. Bank of Tacoma, Trust and Savof received from Boggs went out of $32,000. bank successor and that bank. in It the has Tacoma been he generally which over was $200.- the in warrants 17, 1894. It has of warrants fice on of the the day the bulk as cash up to the 000 ings that April when $212,000 been believed Bank his ofwhich he held deposited in the Bogas term expired otherwise was known has as evidently bank. But the to discover evidence in Boggs' ofof been Tacoma, committee of this the although the employes general way. In the fice knew of it in a remembered Savings it will Tacoma be Trust and Receiver fact. unable that of turned appointed up to take affairs by Judge by the council. made. after to take its books bank connection Titlow It w28 of was decided the missing Stallcup. was when charge at the a of the committee evening, when be into thoroughly. First a special report recess session till Monday the funding matter will ward. Introduced gone Councilman a resolution Harris, of pledging further the the with coun- suit the to refuse to the proceed warrants until the Sternberg by from paying is ell brought urer funding of R. A. Gove. funded, restraining salaries withdrawn. Treas- bring until the warrants resolution are was intended the to treasury about Haris' the back release salaries of $100,000 can in be paid. by the The folvote: Ayes 5. resolution so that was deteated. Coats 9 to Harris, Hartman. Parker Hice, Holgate, 9. lowing Bulger, Chandler, and Blevens Scully, and Noes-Bell, Whitty. of Kleeb, the Norten, Sampson, of the members the warcouncil without submitting proposed action Although are some in favor this of funding them to the peorants the legality of until a decision is ple, will not be determined sent up to the supreme tion received in a case county. in which raised. the quescourt as from to the this council's power is

10. December 4, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 4, 1896

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Fawnett Liable as Surety. Taepma, Dec. 3.-Special.-Angelo Vance Fawebit. erstwhile mayor of Tacoma, regrete now that he was induced to sign the note of J. J. Malone for $1,000, as a surety, to accommodate Gratton H. Wheeler, secretary of the Imperial Loan & Trust Ca. In fact, Mr. Fawcett is sorry he ever had anything to do with that institution. Today the jury in the case of Titlow against Malone and Fawcett brought in a verdict for the plaintiff, who is the receiver of the Tacoma Trust and Savings bank. The note is a part of the assets of the bank. Fawcett resisted on the ground that he was only a surety and got no benefit from the note. Counsel for the defendants will appeal to the supreme court.

11. September 1, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 1, 1897

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IN A SLIGHTLY BETTER FIX. Tacoma Finances sull Muddled, but Cash In Paid. Special Dispatch to the Post-Intelligencer. TACOMA. Aug. 31.-The biennial report of Controller Benham, just issued. shows an increased volume of business during the twenty-two months It covers. Instead of embracing two years, as the title of the report would indicate, but twenty-two months are considered. because of the charter amendment making the fiscal year begin on January 1 instead of March 1. In summarizing his report, the controller says: "In the compliation of this report the general fund and city hall fund warrants Issued prior to April 19, 1894. amounting to $869,415.07, have been treated as valid and unpaid outstanding obligations of the city, for the reason that practically the whole amount is now in litigation and It is impossible at this time for this department to determine accurately which warrants have been once paid and reissued by the city treasurer and which have not. The city was enjoined in the case of Murray against the city of Tacoma from paying any of these warrants, but the Injunction is supposed to cover some warrants that were never cashed and reissued. The cash shown in the various funds is the amount which should be In said funds, as no deduction is made for money due the city from failed banks and former city treasurers. "The amount of money actually in the hands of the present city treasurer at this date is $20,445.90. Of the amount of cash shown In the various funds, the sum of $228,664.77 was deposited In the Tacoma Trust and Savings bank (since failed). and the city's claim against the receiver of this bank was on the 29th day of December. 1896, allowed by the court for the sum of $72,000 only. the court holding that the balance was on account of once paid warrants deposited in that bank." From a general standpoint the report of the controller shows the city to be in a somewhat better financial condition than two years ago. General expense and salary warrants are paid almost to date.