Scandinavian American Bank (Tacoma, WA)

Episode Information

Episode UID
2682107191480
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
268210719 hash
Start Date
April 27, 1923
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9fdfc1c51b777a9a

Response Measures

None

Description

Bank is repeatedly described as defunct and in liquidation with a receiver and dividend payments; closure predates these articles.

Events (2)
1. April 27, 1923 Receivership
Newspaper Excerpt
Depositors of the defunct Scandinavian-American Bank of Tacoma may expect the payment of a fifth dividend soon, according to a statement made by Forbes P. Haskell, deputy state bank supervisor.
Source
newspapers
2. June 29, 1923 Other
Newspaper Excerpt
Jafet Lindeberg will pay the claims against him totaling $223,000, held by the Scandinavian-American banks of Seattle and Tacoma, according to Forbes P. Haskell, Jr., receiver of the Tacoma institution.
Source
newspapers

Newspaper Articles (11)
1. April 27, 1923 Vashon Island News-Record Vashon, WA
Article from Vashon Island News-Record, April 27, 1923

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WASHINGTON STATE BRIEF NEWS ITEMS Principal Events of the Week Assembled for Information of Our Readers. George Turner, arrested in Everett, be declared by the police to have confessed to five robberies in Everett mercantile establishments within the last few months, in which loot aggres gating $7000 in value were obtained. As evidence that prosperity is returning, the Washington state license department has issued 35,000 more automobile licenses this year than during the same period in 1922, according to Fred J. Dibble, state license director. Depositors of the defunct Scandinavian-American Bank of Tacoma may expect the payment of a fifth dividend soon, according to a statement made by Forbes P. Haskell, deputy state bank supervisor. Four 10 per cent dividends have been paid already. A bank in which a city councilman is a stockholder may not be made a depository for city funds, AttorneyGeneral John H. Dunbar has advised State Auditor C. W. Clausen. The appointment of Captain Charles Clarkson of Seattle to become surveyor at Grays harbor for the Pacific coast board of marine underwriters, to become effective May 1, has been made. The appointment is designed to take care of the increasing traffic at Grays harbor. AS a result of a decision handed down by the circuit court of appeals in San Francisco, reversing a decision of Federal Judge Cushman at Tacoma, early summer will see the steel skeleton of the 16-story Scandinavian-Amer ican Bank building at Tacoma, once more growing to completion, and depositors of the defunct ScandinavianAmerican bank will be saved about $110,000. The court of appeals in San Francisco reversed a decision of Judge Cushman, in which the latter held that a mortgage of $70,000 held by the bank against the building was no longer a valid lien because It had been satisfied when purchased by F. P. Haskel, Jr., receiver of the bank, and that, therefore, the mortgage had been paid, not merely assigned.

2. June 6, 1923 The Alaska Daily Empire Juneau, AK
Article from The Alaska Daily Empire, June 6, 1923

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Lindeberg to Turn Over Property, Suits Dropped TACOMA, June 6.-Judge Card has signed an order directing the received of the defunet ScandinavianAmerican Bank of Tacoma to accept the offer of Jafet Lindeberg, who the receiver stated is practically penniless. Lindeberg, whom the receiver sued on notes totaling $350,000, offered to turn over his remaining property if the suits were dropped.

3. June 29, 1923 The Seattle Star Seattle, WA
Article from The Seattle Star, June 29, 1923

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Article Text

# Lindeberg Will Pay # Defunct Bank Claim TACOMA, June 29. Jafet Lindeberg will pay the claims against him totaling $223,000, held by the Scandinavian-American banks of Seattle and Tacoma, according to Forbes P. Haskell, Jr., receiver of the Tacoma institution. The claims originally amounted to $325,000, but counter claims against the banks totaling $102,000, have been allowed. The capitalist will repay the claims in three yearly installments. The Scandinavian-American bank of Seattle will receive 55 per cent of the amount and the Tacoma bank 45 per cent. Cormorant, or fishing bird, rarely misses its quarry.

4. June 30, 1923 Seward Daily Gateway Seward, AK
Article from Seward Daily Gateway, June 30, 1923

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CLAIMS BE PAID AT AN EARLY DATE SAYS UAIJ RECEIVER SEATTLE DEPOSITORS GET 55 PER CENT AND TACOMANS 45 PER CENT TACOMA, June 30.-The claims of the defunct Scandinavian American Bank of Tacoma and Seattle, against Jafet Linderberg, amounting to some $223,000 will be paid at an early date, according to a statement made by Forbes P. Haskel, jr., receiver for the Tacoma institution. The money will be divided 55 per cent to Seattle and 45 per cent to Tacoma, the payments being distributed over a period of three years.

5. June 30, 1923 The Nome Nugget Nome, AK
Article from The Nome Nugget, June 30, 1923

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THREE YEARS TO PAY CLAIMS, DEFUNCT BANK Tacoma, June 29-Claims of the Defunct Scandinavian American banks of Seattle and Tacoma against Jafet Lindeberg amounting to $223,000 will be paid at an early date according to a statement made by Forbes P. Haskell Jr., Receiver of the Tacoma institution. The money will be divided 55 per cent to Seattle and 45 per cent to Tacoma. Payments to be distrib uted over a period of three years.

6. March 6, 1925 White Bluffs Spokesman White Bluffs, WA
Article from White Bluffs Spokesman, March 6, 1925

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Washington News SPOKANE.-Three officers of the Columbia Basin Irrigation LeaguePresident Hervey Lindley of Seattle, Fred Adams of Spokane, federal director, James Kyle, Oregon, member of the board of trustees have gone to Washington in anticipation of the report of the Department of the Interior on its investigation into the feasibility of the Columbia Basin irriga tion project, it was announced at the league's offices here. WALLA WALLA.E. C. Burlingame said recently that the percentage of twins in sheep is running higher than usual. Hothouse lambing is well under way, and on ranges will begin soon. The increase is about 120 per cent. OLYMPIA. - Washington contains only 4 per cent of all United States registered Holsteins, yet over 25 per cent of all Holstein records of production are held by Washington Holsteins. MOUNT RAINIER-Motorists driving to Mount Rainier National Park during winter months hereafter will be required to equip their automobiles with anti-skid chains, O. A. Tomlinson, park superintendent, an nounced recently. Officials at the park have had difficulty in keeping the road open due to cars becoming stalled when drivers get off the hard packed snow in the middle of the road. OLYMPIA.-Belief that liquidation of the defunct Scandinavian-American Bank of Tacoma can be completed and final dividends to depositors distributed by the middle of the coming summer, was expressed by J. C. Minshull, supervisor of banking, here recently. The remaining assets of the institution, aggregating about a million dollars, can probably be turned into money by that time. OLYMPIA. - Automobile owners with 1924 Idaho license plates will be permitted to use them until March 15, Fred J. Dibble, director of licenses, notified peace officers in Washington recently. The extension of the time on last year's plates is due to an action by the Idaho legislature. OLYMPIA-When Governor Roland Hartley signed senate bills Nos. 47 and 60, he made available $17,360,000.70 for expenditures on state highways within the next biennium. Of this sum, which is pertty generally dis tributed over the state, a great por tion will be spent in Western Washington on the Olympic and Pacific Highways. CHEHALIS. - Richard Nicholas, Theodore Bowles, Everett Schesstrom, Harry Dean, Clarence Hurlbert, Morris Evan, Kenneth Shelby, Thomas McDonald and Paul Danzer, pupils of the eighth grade of the State Training School here, passed the state eighth grade examination, Schesstrom leading all Lewis County students in credits. SUMNER.-Ralph Wright, employe of the Puget Sound Power & Light Company, was seriously burned recently when he came in contact with a power line bearing 60,000 volts while working near Dieringer, two miles east of here. Wright was treated here by Dr. B. J. Gilshannon be fore. being taken to the Valley Hospital in Puyallup, where it is said he would recover. MONTESANO.-The board of directors of the Grays Harbor Dairy men's Association has elected W. J Berns, Wynooche Valley, as president for the coming year, according to an announcement made here recently. The other officers are: A. A. Siefert, Ford Prairie, first vice-president; Willard Turner, Wishkah Valley, second vice-president, and John P. Murphy. Montesano, secretary and manager. SEATTLE-Volunteer helpers and the game warden of the district of St. Petersburg, Alaska, have distributed consignments of hay received from Seattle to thousands of starving deer along the beach and on the Duncan Canal. Twenty-two deer were found dead along the canal. The highest mortality was among fawns and bucks. The warden reported very few wolves, indicating the wolves found deer in the hills easy prey. Ef forts are being made to feed the does. EVERETT.-Carrying on a campaign to raise in Everett and Snohomish County $60,000 necessary to provide fair buildings and a race course at its Silver Lake grounds, teams of the North Pacific Livestock Show Association have obtained pledges for $43,200 No solicitations have yet been made in the county towns.

7. April 25, 1925 The Seattle Star Seattle, WA
Article from The Seattle Star, April 25, 1925

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# Receivers' Fees in Tacoma Bank Are Questioned Two Affidavits Are Filed With Attorney General at Olympia; Investigation Is Under Way ACTS of Louis Hart, former governor, during his tenure of office were again brought into the limelight Saturday, following the announcement of Attorney General John H. Dunbar that he was investigating the fixing of attorneys' fees and receivership fees in the liquidation of the defunct Scandinavian American bank of Tacoma. Dunbar refused to discuss the contents of two affidavits in his possession, said to contain highly sensational matter, which were obtained by him Thursday in Tacoma from Forbes P. Haskell, Jr., receiver, and Guy E. Kelly, his attorney. Dunbar admitted that court action may be resorted to in the case but assured The Star that nothing would be done Saturday.

8. May 28, 1925 The Seattle Star Seattle, WA
Article from The Seattle Star, May 28, 1925

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NO CHARGES IN HART CASE Pierce County Prosecutor in Olympia Conference TACOMA, May 28.-No charges have been ffied against ex-Gov. Louis Hart in connection with the liquidation of the Scandinavian American bank here and none will be filed Thursday, Prosecutor J. W. Selden announced yesterday. Friday, a decisià n may be reached, Selden said. no visited Olympia Wednesday and conferred with Roscoe Fullerton, Thurston county prosecutor, and Attorney General John H. Dunbar. Selden has talked with Forbes Haskell, Jr., bank receiver, and Guy E. Kelly, attorney for the bank. relative to a conversation rilleged to have taken place between Gov. Hart and the bank attorneys. The attorneys recently were dismissed by the state banking department, and it is believed they will sue for fees they allege are due them.

9. May 29, 1925 The Seattle Star Seattle, WA
Article from The Seattle Star, May 29, 1925

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PROSECUTOR IS PROBING CASE TACOMA, May 29.- - Prosecutor Selden went thru law books today, trying to find some statute applicable to charges made against Louis Folwell Hart, ex-governor of Washington. Hart is accused in affidavits of asking for "a split" in fees paid by the state in liquidation of the Scandinavian-American bank of Tacoma. The affidavits are filed with Selden. The conspiracy statutes apparently cannot be applied. No one but Hart is accused, and It is not charged that he entered into any conspiracy with anyone. The affidavits charge: That Hart told Guy Kelly, attorney for the receiver, that Hart would make the bank fees large enough to provide a "cut" for Hart. That Hart gave as his reason for desiring this arrangement that he was getting old and going out of office poor." The affidavits were made by Kelly and Forbes P. Haskell, Jr., who was receiver. They relate dealing between themselves and Hart concerning the liquidation.

10. June 6, 1925 The Seattle Star Seattle, WA
Article from The Seattle Star, June 6, 1925

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# VICTORY IS # GIVEN TO # DEFENSE Court Gives State 10 Days to Consider Next Step NO bribery involved, is the mean- ing of the decision rendered by Superior Judge Govnor Teats of Pierce county this morning, when he sustained the demurrer of ex-Gov- ernor Hart to the charge of soliciting a bribe from Forbes P. Haskell, Jr., and Guy E. Kelly. Haskell and Kelly were receiver and attorney, re- spectively, for the defunct Scandi- navian-American bank of Tacoma. Deputy Prosecuting Attorney Frank D. Nash, in the absence of Prosecuting Attorney J. W. Sel- den, who was out of the city, asked for an exception to the rul- ing, which was allowed. The state was given 10 days in which to further consider its next step. In that time it will be determined if the information will be amend- ed, or an appeal taken to the su- preme court on the sufficiency of the present information. CASE BASED ON HASKELL AFFIDAVIT The case brought against the for- mer governor by the state was based upon affidavits by Haskell and Kelly in which the ex-governor was alleged to have asked for a division of the fees to be paid Haskell, deputy state bank supervisor, and attorneys in charge of the liquidation of the Scan- dinavian American abnk. The demurrer had been taken un- der advisement by Judge Teats after the hearing Thursday, when Maurico A. Langhorne, attorney for Hart, and Prosecutor Selden and his depu- ty, Nash, backed their opposing con- tentions with numerous citations from authorities on the matter of bribery.

11. November 12, 1962 The Nome Nugget Nome, AK
Article from The Nome Nugget, November 12, 1962

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Jafet Lindeberg Dead at Age of SAN FRANCISCO-Jafet Lindeberg, shipwrecked Scandinavian seaman, who parlayed a $200 grubstake into a multi-million dollar mining empire in turn-of-the-century Alaska, died here last week at Children's Hospital. He was 88. Mr. Lindeberg, key figure in several titanic legal battles over mining and banking operations in Alaska, Washington and California during the 1920s, was active in running a group of tungsten mines in Nevada until shortly before his death. The colorful miner's early career was marked with a frantic series of suits and countersuits with his operation of the Blue Goose Mining Company of Alaska, and the failure of the Scandinavian - American Bank of Tacoma, Wash., of which he was president. Several times Mr. Lindeberg's San Francisco attorney fought off extradition to Washington by waving authorities away with a shotgun. The energetic miner traveled to St. Petersburg in 1910, sued the Governor of Siberia for $77,000 lost in a gold concession, and won. Mr. Lindeberg made his home in San Francisco since the early 1900s. He is survived by his wife, Josephine. Funeral services were held last Thursday and interment was made at Cypress Gardens Memorial Park.