Multiple receivers were appointed and litigation over assets indicates insolvency and effective closure.
Events (3)
1.October 19, 1895Receivership
Newspaper Excerpt
Foreclosure proceedings were begun ... appointed Fred K. Struve receiver, with bonds fixed at $7,500.
Source
newspapers
+28 days
2.November 16, 1895Receivership
Newspaper Excerpt
Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building...
Source
newspapers
+3.6 years
3.June 16, 1899Receivership
Newspaper Excerpt
Robt. Wright was appointed receiver of the Seattle Safe Deposit & Trust company yesterday, vice H. T. Hannon resigned...
Source
newspapers
Newspaper Articles (10)
1.October 19, 1895The Seattle Post-IntelligencerSeattle, WA
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RECEIVER FOR A TALL BLOCK. Foreclosure Sult Begun for the Safe Beposit Building. Foreclosure proceedings were begun in the superior court yesterday by the German Savings and Loan Society, of San Francisco, against the Seattle Safe Deposit and Trust Company. of this city, for the foreclosure of a $40,000 mortgage, security for a loan. The matter was taken before Judge Langley, who at the request of the plaintiff appointed Fred K. Struve receiver, with bonds fixed at $7,500. The money was loaned on the building on December 29, 1891, and was secured by a mortgage on the building. with interest at 7 per cent. The complaint alleges that no part of the principal has ever been paid. and no interest since May 14, JRSG. A receiver to take charge of the building and collect rents, etc., was petiHoned for, and attorney's fees to the amount of $2,000 are asked. The company " thought to be perfectly solvent, and the present suit will not result in the sale of the property.
2.October 31, 1895The Seattle Post-IntelligencerSeattle, WA
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William Vevers, who has been with the Seattle Safe Deposit and Trust Company since 1889, has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.
3.November 16, 1895The Seattle Post-IntelligencerSeattle, WA
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To Foreclose on Safe Deposit Block. Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building, now in the hands of Fred K. Struve as receiver. The petitioners for the appointment were Frank H. Osgood, Emily Slawson, Elton E. Ainsworth and Arthur Dunn, doing business as Ainsworth & Dunn, and the Boston National bank. of Seattle. Immediately upon his appointment, Mr. Hannon filed his bond of $10,000, with Dennis Keller and W. R. Forrest as sureties. He then gave notice that the German SavIngs and Loan Association would attempt to foreclose a mortgage on the real property. amounting to $40,000, and that the entire valuation of the property was about $45,000.
4.December 14, 1895The Seattle Post-IntelligencerSeattle, WA
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No Necessity for Two Receivers. The Seattle Safe Deposit and Trust Company objects to having two receivers and gives this as one reason why the court should dissolve the order appointing Harvery T. Hannon. Some time ago the German Savings and Loan Society brought an action against tife company and obtained the appointment of Fred Struve as receiver. Later a suit was commenced by Frank H. Osgood and others against the same company and Harvey T. Hannon was appointed in this case. The Safe Deposit and Trust Company claims Hannon was appointed without notice to it and before a complaint had been served. There was no emergency alleged and none existed sufficient to justify the appointment without giving the defendant a chance to be heard. In closing. the court is asked to set aside the appointment of Hannon, as there was already a receiver of the property.
5.February 1, 1896The Seattle Post-IntelligencerSeattle, WA
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Both Receivers Retained. Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve, in the case of the German Savings and Loan Assoclation and F. H. Osgood et al. vs. the Beattle Safe Deposit and Trust Company. The intention of the motion to consolidate was to make Hannon receiver of both the building and other property, but the court took the ground that the dual receivership should not be disturbed.
6.February 26, 1896The Seattle Post-IntelligencerSeattle, WA
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ANOTHER GILMAN SUIT. Safe Deposit Company Begins an Action for $100,000. The Seattle Safe Deposit & Trust Co., by Harvey T. Hannon, receiver, yesterday brought suit in the superior court against D. H. Gilman on twenty coupon bonds for $5,000 each, secured by mortgage on 678 lots in Ollman's addition to Seattle. The mortgage is dated October 1, 1891, and remains entirely unsatisfied. E. W. Price, H. A. Smith, Christian Hansen and the city of Seattle are joined as defendants, as claimthe an Interest in the mortgaged premises. In the case of Thomas Burke, as trustee, vs. Gilman, answers were filed by the General Electric Company, the Bank of British Columbia and the Seattle National bank. In the case of the People's Savings bank against Gilman, a default was entered.
7.June 26, 1896The Seattle Post-IntelligencerSeattle, WA
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Court Notes. Judge Osborn will set cases tomorrow for the week beginning September 8. James Norberg. of Sweden, was yesterday admitted to citizenship by Judge Hanford. A marriage license was issued yesterday for George Conning and Martha Jane Jones, both of Seattle. A complaint in insanity was issued by County Clerk Gordon yesterday against William Ihmann. of South Park. A motion for a change of venue to Snohomish county has been made in the case of J. B. Rutherford vs. J. F. Weber et al. Erick Ulin, jr., executor of the last will and testament of Frederick Ulin. deceased, was released from liability yesterday, the administration having been brought to is close. In the damage case of Emily H. Canfield vs. M. Furuya an answer was filed yesterday to the effect that the injuries complained of were caused by the carelessness of the complainant. F. K. Struve, receiver of the Seattle Safe Deposit and Trust Company, has been directed by Judge Langley to pay the German Loan and Savings Society $1,689.54. in partial satisfaction of a judgment. A $200 cost bond was filed yesterday in the superior court in the case of the State Insurance Company, of Salem, VS. Richard Holyoke et al. A similar bond was filed in the case of William Grefe vs. W. E. McKee. Judge Hanford yesterday gave an order directing M. F. Backus. as receiver of the Seattle Consolidated Street Railway Company to pay the Union Electric Company $300.04 as a preferred claim for material furnished. Judge Hanford yesterday gave an order of dismissal in the case of Lillie H. Hennelly vs. the Phoenix Insurance Company, of Brooklyn, on stipulation which showed that the company had paid the plaintiff $1,875 on a $3,000 policy. Judge Hanford having sustained the demurrer in the case of David H. Denton vs. Charles H. Baker. receiver of the Merchants' National bank of Seattle, yesterday gave an order of dismissal at plaintiff's cost. The case will be appealed.
8.June 16, 1899The Seattle StarSeattle, WA
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Robt. Wright was appointed receiver of the Seattle Safe Deposit & Trust company yesterday, vice H. T. hannon resigned, who expects to be absent from Seattle for an indefinite time.
9.January 13, 1900The Seattle Post-IntelligencerSeattle, WA
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BANK FIXTURES IN DISPUTE. Question Raised as to Whether They Are Part of a Building. Robert Wright, receiver of the Seattle Safe Deposit & Trust Company, was given permission by Judge Moore yesterday, in the superior court, to sue McNeill Bros., of Iowa, to recover possession of the fixtures formerly used by the Merchants' National bank. The receiver claims that the fixtures are movable and properly belong to the estate of the Deposit & Trust Company. McNeill Bros. claim ownership through the foreclosure of a mortgage on the building.
10.January 4, 1901The Seattle StarSeattle, WA
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IN THE COURTS. The case of the state against John Wilson and Harry Kelly for burglary, was tried in Judge Benson's court this morning before a jury. Roseta Huson asks for a divorce from Archibald Huson and alleges that the defendant is Inhuman. They were married at Pendleton, Or., July 17, 1899. ... W. R. Morgan, receiver for the La Port Trading Co., in the case of the Beattle Hardware Company against the La Port Trading Company, reports, and asks that he be allowed to Issue receivers' certificates in the sum of $2000 in order to carry out certain contracts and maintain the business. ... Yesterday the jury in the case of Robert Wright against the Seattle Safe Deposit & Trust Co., returned a verdict in favor of the defendant company. Wright, as receiver of the insolvent
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Seattle Safe Deposit & Trust Company · Episode ID 30171391150
