Security Savings Bank (Seattle, WA)

Episode Information

Episode Type
Suspension → Closure
Start Date
December 10, 1893
Location
Seattle, Washington (47.606, -122.332)
Bank Type
savings

Metadata

Episode ID
Bank ID
City ID
531512650
Model
gpt-5-mini
Short Digest

Notes

President J. K. Edmiston's large overdraft/embezzlement figures prominently in later reports and receiver filings.

Events (2)
1. December 10, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Officers decided to liquidate the institution and temporarily suspended payments while winding up affairs; cited connection with Walla Walla bank and crop failure as reasons.
Newspaper Excerpt
Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business.
Source
newspapers
2. December 11, 1893 Receivership
Newspaper Excerpt
H. H. A. Hastings, receiver of the Security Savings bank, was appointed December 11, 1893.
Source
newspapers

Newspaper Articles (13)
1. December 10, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 10, 1893

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THE SECURITY SAVINGS BANK. This Institution and Walla Walla Savinge Bank Will Go Into Liquidation. The officers of the Security Savings bank, of which J. K. Edmiston is president, have decided to liquidate its affairs and terminato its business. Mr. Edmiston is at present in Walla Walla, looking after the interests of the Walla Walla Saving bank, of which institution he is also president, and which will likewise go out of business. Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business. The cashier of the bank states that the deposits are small, not aggregating over $30,000, and that all depositors will be paid in full. The Seattle clearing house offered to furnish the money and liquidate the bank at once, but their offer was declined, the officers preferring to close out the business themselves. The partial failure of the wheat crop in Eastern Washington and the connection of the Security bank with the Walla Walla bank are the reasons given by the officer for winding up the affairs of both institutions.

2. December 31, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 31, 1893

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Another Warrant Out for the Walla Walla Banker. SUICIDE AT PORT TOWNSEND. The Seal Agreement Between England and Russia Continued. School Director Hatten, of Anscortes. Thrifty Business Man but a Poor Speller-Large Decrease in the Metal Production of Idaho. / WALLA WALLA, Dec. SA-A warrant was today issued for the arrest ot J. K. Edimiston on a charge of embezzling $30,000 from the defunct Walia Walla Savings bank. Edmiston was president of the bank and also of the Security Savings bank, Seattle, which suspended the same day. The statement of the receiver shows that Edmiston's personal overdraft was $30,501, and that the Security bank owed the suspended bank $33,899. Edmiston was arrested a week ago today at Seattle on a charge of receiving deposits for the Walla Walls bank when he knew it to be insolvent. Upon being brought back here he gave the $2,000 bond required and departed last Tuesday morning. saying he was going back to Heattle. It has since been learned that he has not been sera in that place.

3. January 31, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 31, 1894

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Shore injunction. Railway Company et aL-Suit for THE BLOTTER. CRIMINAL DEPARTMENT-HUMES, J. Webb & Company Vs. A. J. Baker-Jury verdict of $732 in favorjof plaintiff In re petition of Frank Dupree for writ of 31. habeas corpus-Se: for hearing January 0.8. Paulson vs. Hattle Paulson-Decree of divorce; granted. Philip Eckers vs Mary Eckert-Default; signed. J. B. Tarleton V3 John Collins-Continued. Jacob Bersch vs Rosetta Bersch-Decree of divorce: granted. CIVIL DEPARTMENT-OSBORN. 1. T.J. Jones et al vs. L. Lagisquet-Jury verdict of $25 in favor of plaintiff. Lilly, Bogardus & Company vs. S.S. Waitz et al.-Judgment of $111.96 on verdiet; signed. H. J. Croffut V8, H. F. Phillips et UIDefault and judgment in sum of $291.65; signed. Anton Osten et al. vs. Gustave Winehill et al.-Statement of facts; settled and signed by Judge Ballinger. Crescent Creamery Company vs. Schwabacher Bros. & Company-Stipulation of dismissal; signed. A. C. Marconnier et al. vs. Security Savings bank-Notice to creditors given. A. A. Denny et al. vs. W. P. SaywardOn trial. Petition of Sunny Luckey for writ of habeas corpus-Petition granted and prisoner discharged. EQUITY DEPARTMENT-LANGLEY. 3. John H. White vs. J. W. Gilson et UXDefault and decree; signed. H. D. Longaker vs. Joshua Audette et al.-Order of sale; signed. W. W. Dearborn et ai. vs. Washington Savings bank-Order granting receiver permission to pay sheriff's fees; order granting receiver permission to receive and remit money due on guaranteed bonds, Pitkin Brook Company vs. E. Lobe Company-Order appointing G, H. Randell receiver and approving bond. Puget Sound National Bank vs. Samuel Levy et al.-Application for temporary injunction: submitted. J. B. Hewett et ux. vs. Puget Sound Shore Raiiway Company-Restraining order set for hearing February 2. State of Washington ex rel. J. M. Wolfe vs. J. T. Ronald, as mayor-Order allowing writ of prohibition to issue to show cause on February 2at 2 p.m. why defendant should not desist from acts complained of. State of Washington ex rel. Jesse F. Cochrane vs. J.T. Ronald, as mayor-Same action. PROBATE DEPARTMENT-LANGLEY, J. Estate of Jennie McH. Brown-Petition for letters of administration: filed. Estate of Ellen L. Jacobus-Decree approving final account and discharging administrator. Estate of F. A. Gardner-Order approving bond of administrator.

4. June 14, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 14, 1894

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# The Bank Answers. In the suit of Charles E. Cotting et al. on notes and mortgage against the Rainier Avenue Electric Company and others, the Seattle National Bank, of Seattle, yesterday filed its answer to the complaint and cross-complaint of the Seattle National Bank against the plaintiffs and the defendants, Rainier Avenue Electric Railway Company, Security Savings Bank, of Seattle, H. H. A. Hastings, receiver of the Security Savings bank, J. K. Edmiston, George F. Edmiston and W. H. Gleason.

5. June 21, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 21, 1894

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HOW TO RUIN A BANK. Queer Methods of Edmiston in Crossing Accounts. RECEIVER HASTINGS' REPORT. Claims Against the Security Savings Bank Rejected-Prospect of Depositors Getting Even. H. H. A. Hastings, receiver of the Security Savings bank, of Seattle, in the case of A. C. Marconnier and J. K. Edmiston against the bank, has just filed his first complete report in the superior court, covering a period from December 11, 1893, to May 1, 1894. Mr. Hastings was sppointed December 11, 1893, and his first preliminary report was filed January 2, 1894. In this last report the receiver goes into details of all the claims, giving a long list of claims against the bank which have been allowed; also a number of claims whose demands for preference and priority have been rejected, though their respective amounts were allowed, and last, s number of important claims which the receiver has seen fit to reject for cause. These rejected claims make up a sum that should materially increase the assets of the bank and amounting to nearly $75,000. The most of these are claims in which J. K. Edmiston, as president, used the bank to further his personal transactions. The list of claims rejected, tabulated, is on follows:

6. March 28, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 28, 1895

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# THE KRUG SURETY SUIT. Questions at Issue Between Trustee Perkins and North End Bank. The trial of the suit of C. G. Perkins, trustee for Krug's sureties, against the North End bank and the city of Seattle, which has occupied Judge Osborn's attention for two days, was brought to a close last evening and taken under advisement by the judge. The suit is one asking to be subrogated to the rights of the city against the funds in the North End bank. After the settlement between the city and the sureties on Krug's bond Krug assigned all of his right, title and interest in and to all securities which he held to the sureties, and the sureties appointed C. G. Perkins as their trustee to sue and collect and distribute the amounts collected to the parties entitled to the same. The plaintiff claims that the sureties settled with the city, and for that reason the sureties are entitled to be subrogated to all the rights of the city. The North End bank and the city both claim that the contract made with the sureties by the city had been complied with, in this: That the statement of the amount in the National Bank of Commerce was in reality more than the amount actually credited to the city upon the books of the bank, the discrepancy being about $1,100. The city claims that the credit given in the Security Savings bank was a fraudulent one, and that Edmiston, who was one of the sureties, in reality had no account with the Security Savings bank, and that the credit given the city upon the books of that bank was fraudulent. The city filed its claim against the Security Savings bank for something over $7,000 with the receiver, and the claim was rejected. The defense was based upon the theory that before the sureties upon an obliga-tion of this character can be subrogated to the rights of the creditor the whole of the debt must have been paid and the contract fully complied with. The plaintiff claims that the sureties did comply with the contract, and hence the litigation.

7. December 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 19, 1895

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NOTICE OF SHERIFF'S SALE-In the superior court of the state of Washington, for the county of King. The Scottish-American Mortgage Company, limited, a corporation, plaintiff, to: Allan Dow, Luda Dow, Richard Lamont and J. S. McLellan, copartners doing business under the firm name and style of Lamont & McLellan, the Security Savings Bank, a corporation, and H. H. A. Hastings, its receiver, defendants. No. 20,087. and of en of

8. March 7, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 7, 1896

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# LEGAL NOTICES. IN THE SUPERIOR COURT OF THE state of Washington, for King county. H. H. A. Hastings, as receiver of the Security Savings Bank, a corporation, plaintiff, vs. Lydia H. Kellogg, Timothy Kellogg, defendants. Summons for publication. The state of Washington to the said Lydia H. Kellogg and Timothy Kellogg, defendants above named: You and each of you are hereby summoned to appear within sixty (60) days after the date of the first publication of this summons, to-wit: Within sixty (60) days after the 22d day of February, and defend the above-entitled action in the above-entitled court, and answer the complaint of the plaintiff, and serve a copy of your answer upon the undersigned attorneys for plaintiff at their 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 the above-entitled action is to obtain judgment against the defendant, Timothy Kellogg, for the sum of $675 and interest upon the note given by him to the plaintiff, and for the costs of this action, including an attorney's fee of $100; also praying for a decree establishing and foreclosing a certain mortgage given to secure the payment of the above indebtedness, and recorded in the mortgage records of the auditor's office of King county, state of Washington, in volume 104, on page 75 thereof, and describing and cover-ing the following lands, situated in said county, to-wit: Lots numbers one (1), five (5) and six (6) in block number twenty-four (24), in Sander's Supplemental Plat, an addition to the city of Seattle: also praying that in said decree the interest of each of the defendants in and to said property be declared junior, inferior and subordinate to plaintiff's interest therein, and that the equity of redemption of each of the defendants be forever barred and foreclosed, and for general equitable relief. HASTINGS & STEDMAN, Plaintiff's Attorneys, P. O. Address: 64 Haller Building, Seattle, King County, Washington.

9. April 5, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, April 5, 1896

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Receiver Transfers Property. H. H. A. Hastings, receiver of the Security Savings bank. was yesterday instructed by Judge Osborn to execute to A. E. Hanford a quit claim deed to the Dr nwy swis also the sig net swy and sig self nwy swy sec 23, tp 34, T 4 east. The transaction relates to the settlement of a conveyance by bond by Hanford to J. K. Edmiston and by Edmiston to the bank. The receiver was also authorized to enter Into a contract with G. M. Falkner for the sale of the south 42 feet 2 inches of lot 3 and the north is feet 8 Inches of lot 4, Dunlap's plat. for $200, payable in installments. The receiver was further authortred to receive a conveyance of lot 1. block 8. Brighton Beach, in full settlement of a note given by John W. Heston and Everett Smith.

10. May 7, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 7, 1896

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NOTICE OF SHERIFFS SALE. superior court of the state of ton, for the county of King. H. H. A. Hastings, as receiver Security Savings bank, a cor plaintiff, vs. Lydia Kellogg and Kellogg, defendants. No. 21,245. Under and by virtue of an order and special execution issued out of above-named court in the above cause, and to me directed and dell'u I have duly levied upon the follown scribed real property. situated in county, Washington, to-wit: Lots No. (1), five (5) and six (6), in block Na ty-four (24), of Sander's supplemental of an addition to the city of Seatti cording to plat thereof, recorded in of Plats, page 210, Records of King ty, Washington. Notice is therefore hereby given on Friday, the 29th day of May, the hour of 10 o'clock a. m. of at the front door of the courthouse. city of Seattle, in said King cousty will sell the above-described propr public auction, to the highest and badder for casn. Dated this 29th day of April, 1936. 19 A. T. VAN DE VANTER Hastings & Stedman, Attorneya.

11. May 20, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 20, 1896

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Court Notes. The case of Lake Union Furniture Manufacturing Company vs. Issac Dobson et al. tion. was yesterday dismissed by stipulaAn appeal bond was filed yesterday by plaintiff in the case of Merchants' Bank of Port Townsend vs. George F. Smith et al. Marriage licenses were issued yesterday to the following: James Gawne, of Port Blakeley, and Maggie O'Brien, of Seattle; John Field and George Annie Zeigler, both of Kent. In the probate department of the superior court yesterday Ellis Morrison, A. Gould and Martin Kyle were appointed appraisers of the estate of Marcia A. Walker. deceased. In the case of Evangeline E. T. Simpson vs. David N. Baxter et al., Judge Langley yesterday entered an order appointing Robert Wright as guardian ad litem of fendants. George and Adelaide Heilbron, infant deIn the case of James V. Van Horn vs. Receivers of the Seattle. Lake Shore & Excern Railroad, plaintiff yesterday filed a motion for change of venue to Snohomish county on account of convenience of witnesses. H. H. A. Hastings, receiver for the Security Savings bank, yesterday filed in the superior court a petition that he be allowed to pay taxes on interest due on certain property and to incur expenses for stenegraphie work. An order was signed by Judge Osborn to that effect. Sales of real estate were ordered confirmed by Judge Langley yesterday In the following cases: A. C. Anderson et al. vs. J. N. Wallingford et al., lot 12, block 56, D. T. Denny's Park addition: in re assignment of Thomas M. Alvord, insolvent, sale by assignee of real property in West Seattle and elsewhere.

12. September 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 2, 1896

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Court Notes. Mining location notices were filed with the county auditor yesterday by James M. Lee for the Washington Wonder and American Wonder-claims, both in the Snoqualmie district. Mrs. Emma 8. Erickson, an inmate of the Seattle General hospital, was adjudged insane after an examination yesterday atternoon and will be taken to Stellacoom as soon as her health will permit. She has already been in the asylum. Decrees were signed by Judge Langley yesterday as follows: W. A. Grubb VS. Henry F. Thumm et al., $457.88, and foreclosure on lots 1 and 2, block 9, Ross' Second addition: First National bank, of Seattle, vs. J. R. Burrell et al., $1,850. In the case of Marconnier et al. V8. the Security Savings bank, Judge Osborn yesterday signed an order that $1,499.95 in favor of Receiver Hastings and against the Columbia Home Company be a partial set-off against A deposit, now owned by the Washington National bank.

13. November 10, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 10, 1897

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NOTICE OF SHERIFF'S SALE-IN THE Superior Court of the State of Washingtoo, for the County of King. Gertrude Taylor, plaintiff, va. William Sowerby, Security Savings Bank, a corporation; H. H.A. Hastings, BE receiver of the Securby Savings Bank, a corporation: Thomas Wilson and Washington National Bank of Seattle, a corporation, defendants. No. 24,145. Under and by virtue of an order of sale and special execution, issued out of the named court, in the above entitled and to me directed and delivered, we duly levied upon the following real ty, situated in King County, Washto-wit: north half of the southwest quarter of SW). the southwest quarter of southwest quarter (SW% of SW%), the northwest quarter of the southquarter (NW% of SE%). of section teen (13), township twenty-six (2) th. of range five (5) east, of the WIIte Meridian, and containing 160 acres. vice is therefore hereby given that on day, the 27th day of November, 1897. at hour of 10 o'clocka m. of saidday, at the t door of the court house, in the City cattle, in said King County, I will sell above described property at public aucto the highest and best bidder, for Dated this 26th day of October, 1897. WM. H. MOYER, Sheriff. Tullinghast & Pritchard, Attorneys.