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5e0d1dd5ee464612Public signal of financial health, Full suspension
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Bank Failure at Olympia. OLYMPIA (Wash.), Jan. 26. - The First National Bank of Olympia closed its doors to-day because of the withdrawal of $50,000 State funds, which precipitated a run. The liabilities of the bank are said to be $100,000 and the assets $30,000. The directors of the bank assert that depositors will be paid in full.
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Washington Bank Closes. Olympia, Wash., Jan. 26.-The First National Bank of Olympia closed its doors today because of the withdrawal of $30,000 state funds, which precipitated a run. The liabilities of the bank are said to be $100,000 and the assets $230,000. The directors of the bank assert that depositors will be paid in full.
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BANK SUSPENSION. Olympia, Washn.. Jan. 27.-The following notice was posted on the door of the First National bank as the first announcement of its suspension: "Owing to unexpected heavy withdrawals of deposits. this bank is compelled to suspend until we can realize on other assets. Depositors will not lose a dollar. "A A. PHILLIPS, President." Mr. Phillips stated the immediate cause of the suspension was the withdrawal by the state treasurer of $35,000 of state money. This frightened other depositors. who made a run on the bank forcing it to close its doors. The state deposits were withdrawn Jan. 19th. The liabilities of the bank are $100,000. of which $35,0000 are individual deposits of citiin town this and zens county. The assets are stated to be $226,000, a large amount of which can be realized very soon.
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OLYMPIA BANK GOES DOWN. First National Closes-Depositors Will Be Paid. OLYMPIA, Jan. 26.-Special.-The First National bank of this city closed its doors this morning and the following notice was posted: "Owing to unexpected and heavy withdrawals of deposits, this bank is compelled to suspend until we can realize on our assets. Depositors will not lose one dollar. "A. A. PHILLIPS, President." The last statement made by the bank showed loans outstanding to the amount of $119,240.11: stocks, mortgages and real estate securities, $89,652.26; cash, $52,699.15; total, $261,591.52. There was then due creditors and depositors $141,891.12. President Phillips states he has no doubt that depositors will be paid speedily and in full. He said the cause of the suspension primarily was the withdrawal of state funds to the amount of $30,000. This fact probably alarmed small depositors, and for several days past money has been steadily withdrawn, and for this reason the management concluded to close and begin a process of liquidation. The state loses nothing by the failure. The county treasurer had $2,000 on deposit, but this is secured by bond from stockholders. Ladd & Tilton, of Portland, own nearly $14,000 in stock, and William McMicken, Samuel Willey, T. M. Reed and John F. Gowey are resident stockholders.
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Bank Failure. OLYMPIA, Wash., Jan. 27.-The First National Bank of Olympia closed its doors yesterday because of the with. drawal of $30.000 State funds, which precipitated a run. The liabilities of the bank are said to be $100,000 and the assets $230,000. The directors of the bank assert that the depositors will be paid in full.
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Washington Bank Closes. Olympia, Wash., Jan. 26.-The First National Bank of Olympia closed its doors today because of the withdrawal of $30,000 state funds, which precipitated a run. The liabilities of'the bank are said to be $100,000 and the assets $230,000. The directors of the bank assert that depositors will be paid in full.
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AN OLYMPIA BANK CLOSED. Withdrawal of State Funds Precipitated a Run. Olympia, Wash., Jan. 26.-The First National Bank of Olympia closed its doors to-day because of the withdrawal of $30,000 in state funds, which precipitated a run. The liabilities of the bank are said to be $100,000, and the assets $230,000. The directors of the bank assert that the depositors will be paid in full.
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RUN CAUSED IT. First National Bank of Olympia Suspends. Run Precipitated by Withdrawal of State Funds. Bank Officers Say That Depositors Will Not Lose a Dollar. OLYMPIA, Wash., Jan. 27.-The following notice was posted on the door of the First National Bank as the first announcement of the suspension: "Owing to unexpected heavy withdrawals by deposits, this bank is compelled to suspend until we can realize on our assets. Depositors will not lose a dollar." (Signed) A. A. PHILLIPS, President. Mr. Phillips stated that the immediate cause of the suspension was "the withdrawal of the State treasurer of $35,000 of State money. This frightened other depositors, who made a run on the bank, foreing it to closed its doors. The State deposits were withdrawn Jan. 1. The liabilities of the bank are $100,000. $75,000 teing individual deposits of residents of this town, and county. The assets are stated to be $226,000, A large amount of which can be realized on very soon.
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BRIEF BITS OF NEWS. Mr. ànd Mrs. Gladstone have left Hawarden on their way to the Riviera. Fitzsimmons has begun light training at New York for his battle with Corbett. The First Nation bank of Olympia, Wash., has suspended because of heavy withdrawals. Senator Wolcott of Colorado, who i: visiting Europe in the interests of bimetallism, has left London for Paris. By the explosion of gas in the Smock coal mine at Uniontown, Pa., two men were killed and seven injured, several fatally. The Ohio Valley railroad, 130 miles long, running from Evansville, Ind., to Hopkinsville, Ky., will be sold at Henderson. Ky. June 1. The upset price will be $1,050,000.
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Domestic. The Kausas Legislature in joint convention elected William A. Harris United States Senator to succeed Mr. Peffer. The First National Bank of Olympia, Wash., closed its doors because of the withdrawal of $30,000 State funds, which precipitated a run. The liabilities of the bank are said to be $100,000. Arthur Palmer, of Mamaroneck, N. Y., who, it IS alleged murdered his mother, brother and sister some nine days before and fled to parts unknown, was arrested at the Planters' Hotel, St. Louis. Mo. Palmer is a handsome, well-dressed man, about fortyfive years old, and had been at the hotel for a week registered as Paul Jones. Thousands of cattle and sheep have perished on the Western ranges in the last few days of cold weather. A concurrent resolution calling on the United States Senate to ratify promptly the treaty of arbitration between the United States and Great Britain was adopted unanimously by both branches of the South Carolina Legislature. George A. Draper, Postmaster, and his son, Charles W. Draper, Assis' ant Postmaster, at Cheyenne, Wyoming. were arrested by Inspectors McMechan and Waterbury, of Denver. charged with the theft of a registered package containing $3500. Vietims of the tornado in St. Louis last May are suffering severely from the cold, And unless prompt aid is given many may perish in their wrecked dwellings. Chicago's freezing poor were recipients of promptaid by officials and citizens. Letter carriers were directed to report cases of destitution. The National Bank of Potsdam, N. Y., closed its doors. A young Cuban named Perez fell with R balloon into the sea off Key West, Fla., and was drowned. Perez was not an aeronaut, and after going up about 1000 feet he became helpless. The ropes were tangled, and the balloon went out about a mile from shore and fell into the water An overturned candle fire toth roud on the body of Ida Jasswin, in Putnam, Conn., and the remains were charred before the family could extinguish the flames. In an interview former Lieutenant-Governor Saxton said he had President-elect MeKinley's promise in writing that he should be Collector of the Port of New York. This promise Mr. McKinley made conditional upon Senator-elect Platt's indorsement, which Mr. Saxton obtained. Professor John G. Dow, thirty-five years old, committed suicide at Ma fison, Wis, by taking lan 'anum. Until about eight months ago he wasa professor in the rhetoric department of the University of Wisconsin. He graduated from the Edinburgh University with the highest honors, and bad always been considered a brilliant scholar. The World's Columbian Exposition Company. Chicago, has entered judgment for $81,000.75 against the Ferris Wheel Company. A party of white farmers in Tennessee attacked a number of colored people who were accused of theft. One of the latter killed a farmer named Conn. Resolutions favoring an extensive system of defences were adopted by the Coast Defence and Harbor Improvement Convention in Tampa, Fla. Miss Helen McKinley, sister of the President elect. fell on a slippery sidewalk at Canton. Ohio, and broke her arm. The jail at Jeffersonville, Ga., was broken open and the two colored men, Willis White and Charles Forsyth, implicated in the assassination of Mrs. Rowland at Adams Park, were taken out and hanged to the same limb. It is proposed to employ convicts in making uniforms for the National Guard of New York State. Dr. Doty, Health Officer of the Port of New York, is afraid the bubonic plague will get into this country at the Harbor of New York. He visited Albany to advocate an appropriation of $60 0 for extra preca utions there. The Rev. John Vanbost, who was taken to Oswego, N. Y.. from Brooklyn, pleaded guilty to the indictment for felony preferred against him. The man burst into tears and fell on his knees. Dr. Rainsford. a popular New York Episcopal preacher, deprecated any display of wealth, such as the proposed Bradley-Martin masquerade ball. as being dangerous to soclety and affording a text to demagogues who would array the classes against the masses.
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The First National Bank, of Olympia, closed its doors on Tuesday morning, with liabilities of about $100,000 and claiming assets of $230,000; the latter however is probably largely made up of loans and other paper, on which it would be difficult to raise much cash. The usual statement is made that all depositors wauld be paid in full. It is said that one party in Shelton has about $2000 in the wreck, and there are probably two or three others for minor amounts. Otherwise Shelton is not affected by the failure. which is due to the withdrawal of state and county funds by the new ačministration, causing the local depositions to make something of a run on the concern. A full line of tooth brushes, hair brushes, fine combs, pocket books, soaps face powder perfumes knives and other druggist sundries at Closson * & Kelly's. Don't forget the Masquerade Ball at Kneeland's Hall next Friday Feb. 5th. Arrangements have been made for a first class time, and a lot of fun is promised. Two fine prizes are offered. Supper served in the Hall. Shelly's Drug store is the place to buy pure drugs. Paines Celery ComX pound 75c A bright young hopeful of one of our county schools, recently wrote a composition on the Monkey, in which she made the following statement: "It is said that man degenerated from the monkey. I don't believe it. I hope not." What do you think about it? See our fine line of stationery, We carry the largest stock in Mason Co. Closson & Kelly, Shelton's popular * druggists. Costumes from Seattle for the Masquerade Ball will be for rent at the Central Hotel, from Feb. 1st to 5th, at reasonable charges. Call early and get your choice of a rig. The JOURNAL has one 6-months and one 3-months scholarship in the Acme Business College, of Seattle, for the commercial and stenographic course, which it will sell at half-rates. This is a first class opportunity for some one in search of a good business edu1 cation, and now is a good time to acquire it, at a low cost. Try Shelley's Dyspepsia cure for that stonfach trouble. ! Casturia 25c. X
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Goldbug Good Times. We note a few "waves of prosperity" that struck the country last week, perhaps owing to® the election of McKinley : The First National Bank, of Olympia, Wash., has suspended. A. C. Baily, dry goods merchant of Picton, N. S., has assigned. The American Paper Box Company has assigned at Nashville, Tenn. W. G. Harrington & Co., jewelers, of Columbus, Ohio, have assigned. A receiver has been appointed for the Home Book Company of New York city. M. Rosenwald, dealer in tailors trimmings, at Boston, Mass., has gone into insolvency. Wyman J. May, grocer, at Hartford, Conn., has offered to compromise at 40 cents on the dollar. The High Falls Sulphite Pulp and Mining company, of Pyrites, N. Y., has made an assignment. A receiver was appointed on Thursday for the Covenant Building and Loan Association of Knoxville, Tenn. Execution has been issued against the Hughes & Megahan Shoe company, of Williamsport, Pa., for $6,000. Alfred Shrimpton & Sons, manufacturers of needles, pins, hooks and eyes, has assigned at New York. A receiver was appointed in Chicago on Saturday for the Dime Savings Bank, the directors consenting to the order. Perkins & Perkins, sportsmen's goods, and the Des Moines Fuel and Lime company, of Des Moines, Iowa, have failed. Judge Sanducky, has been appointed receiver for the Farmers' and Merchants' bank, at Exe celsior Springs, Mo. The Indiana Machine Works, at Ft. Wayne, Ind., has been placed in the hands of Frederick Glusenkemp, trustee. d On judgments for $15,000 the n sheriff closed Wright Brothers' dry goods store and A. M. Wright's clothing store at Cleare field, Pa. A receiver has been asked for e at Jeffersonville, Ind., by the S Pittsburg Forge and Iron Com pany. r The Watauga Bank, of John d son City, Tenn., did not open its d dooas Friday, having had an al assignee appointed. Assets amount to $34,000 and liabilities $28,000. The receivers of the Continen n tal Life Insurance Company, of Hartford, Conn., have sold the Z Utica cement works to Mrs. M e Clark, for $142,000. The First National Bank a e Moscow, Idaho, has gone to the wall. of Id The Duhme Company, exten sive jewelers of Cincinnati, Ohio re has obtained an extension of two er years from its creditors.
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LATE NEWS BY WIRE. Washington, D. C., Feb. 17.-The comptroller of the currency has given authority for the organization of the First National bank of Newport, Ark. Glasgow, Scotland, Feb. 17.-The iron market is considerably depressed. Prices fell rapidly at midday owing to fears of labor troubles and póor American prices. Washington, D. C., Feb. 17. Mr. Eckels, the comptroller of the currency, has appointe receivers of failed national banks as follows: A. A. Phillips, First National bank of Olympia, Wash.; J. D. Miller, First National bank of Franklin, O., and Ira F. Hendricks, First National bank of Griswold, Ia. Boston, Mass., Feb. 17.-The stockholders of the Wakefield Rattan company at a meeting held in this city today ratified the plan effecting a consolidation with the firm of Heywood Bros. & Co., of Gardiner. The new company will have a capital of $6,000,000, and will be the largest rattan company in the world. Chicago, Ills., Feb. 17.-The W.C.T.U. temple has just received a second donation of $25,000 from Marshall Field, making his pledge of $50,000, the conditions being that $300,000 be raised to purchase the full amount of bonds. Miss Helen Culver of Chicago has also raised her pledge from $5.000 to $10,000. Washington, D. C., Feb. 17.-By a decifon of the secretary of the interior toady, the great tract of swamp lands in Florida known as "The Everglades" is conveyed to the state of Florida. The tract comprises about 2,242,800 acres. The state takes its title subject to the right of occupancy by about 200 Seminole Indians. San Antonio, Tex., Feb. 17.-One of the passenger elevators in the St. James hotel got beyond control of the conductor today. It went up at full speed, crashed clear through the roof, turned over and fell down the air shaft, a distance of five stories. The elevator conductor and a guest were in the machine at the time. Both are dying.
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A. A. PHILLIPS APPOINTED. Receiver of the First National Bank of Olympia. WASHINGTON, Feb. 17.-Comptroller of the Currency Eckels has appointed A. A. Phillips receiver of the First National bank, of Olympia, Wash.
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Bank Receivers Appointed. The controller of the currency has appointed receivers of failed national banks as follows: A. A. Phillips, First National Bank of Olympia, Wash.; J. D. Miller, First National Bank of Franklin, Ohio: and Ira F. Hendricks, First National Bank of Griswold, Iowa.
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Goldbug Good Times. The First National Bank of Olympia, Wash., has suspended. A. C. Baily, dry goods merchant of Pictou, N. S., has assigned. The American Paper Box company has assigned at Nashville, Tenn. W. G. Harrington & Co., jewelers, of Columbus, Chio, have assigned. A receiver has been appointed for the Home Book company of New York city. M. Rosenwald, dealer in tailors' trimmings, at Boston, Mass., has gone into insolvency. Wyman J. May, grocer, at Hartford, Conn., has offered to compromise at 40 cents on the dollar. The High Falls Sulphite Pulp and Mining company of Pyrites, N. Y., has made an assignment. A receiver was appointed Thursday for the Covenant Building and Loan association of Knoxville, Tenn. William T. Beidler & Co., wholesale dealers in dry goods at Baltimore, Md., have had a receiver appointed. A receiver was appointed at Knoxville, Tenn., Friday, for the Citizens' Building and Loan association. Execution has been issued against the Hughes & Megahan Shoe company of Williamsport, Pa., for $6,000. Alfred Shrimpton & Sons, manufacturers of needles, pins, hooks and eyes, has assigned, at New York. Judge J. M. Sanducky has been appointed receiver for the Farmers' and Merchants' bank, at Excelsior Spring, Mo. The Indiana Machine Works, at Fort Wayne, Ind., has been placed in the hands of Frederick Glusenkemp, a trustee. A receiver was appointed in Chicago on Saturday for the Dime Savings bank, the directors consenting to the order. Perkins & Perkins, sportsmen's goods, and the Des Moines Fuel and Lime company of Des Moines, Iowa, have failed. Manley B. Ramos, doing business as Manley B. Ramos & Co., dealers in pianos at Richmond, Va., has made an assignment. The Duhme company, extensive jewelers of Cincinnati, Ohio, has obtained an extension of two years from its creditors. On judgments for $15,000 the sheriff closed Wright Brothers' dry goods store and A. M. Wright's clothing store at Clearfield, Pa. The grocery house of Turnbach & McGuire, at Wilkesbarre, Pa., was closed by the sheriff on an execution issued by Sturdevant, Fogel & Co. A receiver has been asked for at Jeffersonville, Ind., by the Pittsburg Forge and Iron Co., and others for the M. A. Sweeney company, of that city.
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Olympia Bank Dividend. Special Dispatch to the Post-Intelligencer. OLYMPIA. April 14-Comptroller Eckels has informed A. A. Phillips, receiver of the First National bank, that & 30 per cent. dividend will be paid the creditors of the bank in about thirty days.
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IN the Superior Court of Thurston county, Washington. A. A. Phillips, as Receiver of the First National Bank of Olympia, Plaintiff. vs. Joseph W. Robinson, et al. Defendants. Summons. The State of Washington to said defendant, Joseph W. Robinson: You are hereby summoned to appear within sixty days after the date of the first publication of this summons, to-wit: within sixty days after the 30th day of April, 1897, and defend the above entitled action in the above entitled Court, and answer the amended complaint of the plaintiff, and serve a copy of your answer upon the undersigned, attorney for plaintiff, at his office below stated, and in case of your failure so to do judgment will be rendered against you according to the demand of the complaint, which has been filed with the Clerk of said Court. The object of said action is to foreclose two mortgages given by you to The First National Bank of Olympia on real estate situated in Thurston county, Washington, one to secure the payment of your note to said bank of date the 27th day of January, 1891, for $4,205.32, on which there is now due the sum of $2,405.32, with interest thereon from the 18th day of August, 1894, and the other as additional security for said note and also as security for the payment of your note to said bank of date the 14th day of February, 1893, for the sum of $4,440.64, with interest from date, and your note to said bank of date the 18th day of August, 1894, for the sum of $1,233.36, with interest from date, together with attorney's fees, interest and costs, all of which notes are past due. Said real estate is described as follows, to-wit: The undivided one-fourth of lots one (1) and two (2), in block thirty-four (34), and lot three (3), in block twenty-four (24), of the city of Olympia, as the same are described on the official plat of said city; also an undivided one-third of the land bounded by a line commencing at the south-east corner of the Billings' Donation Claim Number 37 in township nineteen (19) north of range two (2) west of W. M.; thence north 14 chains; thence west 5 chains; thence north 10 chains; thence west 7.50 chains; thence north 8 chains; thence west 12.50 chains; thence south 32 chains; thence east 25 chains to the place of beginning, containing forty-three and one-third acres; also all of lots numbered 1, 2, 3, 4 and 5 in section 8, township 18 north of range 3 west of W. M.; containing 163.10 acres; also an undivided one-fourth of lots 3 and 4 and the east half of the southwest quarter of section 33 in township 19 north of range 2 west of W. M., containing 153.50 acres; also all of the SW ¼ of the NE ¼ and the W ½ of the SE¼ and the SE ¼ of the SW ¼ of Sec. 10, Towuship 18 N, R 4 West of W. M., containing 160 acres. T. N. ALLEN, Attorney for Plaintiff. P. O. address: Olympia, Thurston county, Washington. Date of first publication, April 30, 1897.
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IN the Superior Court of Thurston county, Washington. A. A. Phillips, as Receiver of the First National Bank of Olympia, Plaintiff. Summons. VS. Joseph W Robinson et al
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# Notice of Sheriff's Sale ON SPECIAL EXECUTION. SUPERIOR COURT State of Washington, in and for Thurston county. A. A. Phillips, as Receiver of the First National Bank of Olympia, Plaintiff, vs. Joseph W. Robinson, Daniel Gaby, Samuel Willey, Ellen T. McCabe and City of Olympia, Defendants.
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# Notice of Sheriff's Sale ON SPECIAL EXECUTION. SUPERIOR COURT State of Washington, in and for Thurston county. A. A. Phillips, as Receiver of the First National Bank of Olympia, Plaintiff, vs. Alden H. Steele and Hannah H. Steele, his wife, Defendants.