Security Savings Bank (Seattle, WA)

Episode Information

Episode UID
3059944891128
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
305994489 hash
Start Date
December 10, 1893
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
14ab3a7f9941e228

Response Measures

None

Description

Officers chose voluntary liquidation and temporarily suspended payments; a receiver was appointed soon after.

Events (3)
1. December 10, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Officers decided to liquidate the institution citing partial failure of the wheat crop and its connection with the Walla Walla Savings Bank; deposits small and bank to close out business.
Newspaper Excerpt
Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business.
Source
newspapers
2. December 12, 1893 Receivership
Newspaper Excerpt
Judge Osborn yesterday appointed H. H. A. Hastings receiver of the Security Savings bank on petition of J. K. Edmiston, its president, and A. C. Marconnier.
Source
newspapers
3. December 31, 1893 Other
Newspaper Excerpt
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.
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 12, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 12, 1893

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# Railroad and Corporation Notes. Supt. Kline, of the Lake Shore road, went up the line on the Sumas branch yesterday to inspect weak spots on the line. Forty-three of the fifty-one shingle mills along the line of the Lake Shore road are running, but not up to their full capacity. The daily output is about twenty carloads. The Chicago & Eastern Illinois railroad has been sold to the Big Four, giving the latter an independent entrance into Chicago. The transfer is to be made February 1. Judge Langley has ordered Receiver C. M. Sheafe, of the Washington southern Railway Company, to file a final report on or before December 15. The report was to have been filed yesterday, but was not ready. A receiver has been appointed at Madison, Wis., for the Wisconsin Iron and Lumber Company and the Minnesota & Wisconsin Railroad Company. Ex-senator D. M. Sabin, of Minnesota, is at the head of both companies. The application for a receiver was an amicable arrangement. The aggregate indebtedness is $135,000. Judge Hallet, of the United States court at Denver, has appointed Frank Trumbull receiver for the Union Pacific, Denver & Gulf road. Trumbull is one of the directors of the Denver Tramway Company, in which Gov. Evans and his friends in the suit are the principal owners. The appointment is a victory for Gov. Evans and the other plaintiffs. Judge Osborn yesterday appointed H. H. A. Hastings receiver of the Security Savings bank on petition of J. K. Edmiston, its president, and A. C. Marconnier. The reasons given in the petition for the bank's closing are the same as published in the POST-INTELLIGENCER Sunday, with the exception that the Walla Walla branch is not mentioned. Hastings' bond of $50,000 was approved and filed upon his appointment.

3. 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.

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

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# Affairs of Security Savings Bank. A report on the condition of the Security Savings bank was presented to the superior court yesterday by H. H. A. Hastings, the receiver, in which he details the resources and liabilities, the following being a summary:

5. 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.

6. March 16, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 16, 1894

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THE BLOTTER. SUPERIOR COURT-CIVIL DEPARTMENT-0SBORN, 1. Columbia & Puget Sound Railroad Company vs. Peter Mikkelson-Verdict for plaintiff. Columbia & Puget Sound Railroad Company vs. Charles Madison et al.-Default; and judgment in sum of $8 and costs. Columbia & Puget Sound Railroad Company vs. G. W. Boyce-Default; and judgment in sum of $8 and costs. David Gilmore et al. vs. H. W. Baker et al-Time extended to April 1 to file statement of facts. Seattle Transfer Company vs. J. B. Powles-Continued to April 16. A. C. Marconnier et al. vs. Security Savings Bank-Leave to suereceiver; granted. Rowland Hill et al. vs. M. F. Backus, receiver-Judgment of non-suit against plaintiff. Peter Peterson vs. Seattle Consolidated Street Railway Company-Judgment for defendant. Seattle Hardware Company vs. L. H. Griffith et al.-Judgment of dismissal; defendant to recover costs. EQUITY DEPARTMENT-LANGLEY. J. William Maydenbauer vs. James Leddy et al.-Demurrer: sustained; exceptions; ten days to amend. Theckla Maydenbauer vs. James Leddy et al.-Demurrer; sustained; exceptions; ten days to amend. James Mayer vs. Edward Clare-Default and judgment. Knapp. Burrell & Co. vs. Henry Waikle et al.-Judgment; signed. Puget Sound National bank vs. S. Levy -On trial. PROBATE DEPARTMENT-LANGLEY. 1. Estate of Andrew Larson-C. Pearson, Alfred Palenberg and P. J. Miller uppointed appraisers. Insanity of Mary C. Lent-Notice of discharge from hospital. Insanity of Frank Larson-Notice of death at hospital. Estate of Catharine Burritt-Will filed for probate. Estate of F. B. Blanchard-Petition to pay claims. Estate of James Harmon-Appraisement of estate; filed. Estate of James Larkin-Will filed for probate. CIVIL DEPARTMENT-BALLINGER. J. David C. Narver vs. J. H. Woolery et al. -Motion for new trial; overruled. CRIMINAL DEPARTMENT, BALLINGER, J. State of Washington vs. John Murphy et al.-Motion for new trial; overruled; defendants sentenced to penitentiary for ten years each. State of Washington vs. Gust Miller et al.-Motion for new trial.

7. 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.

8. 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.

9. June 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 14, 1895

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LEGAL NOTICE. # NOTICE OF SHERIFF'S SALE In the superior court of the state of Washing-ton, in and for the county of King. The State of Washington, County of King, ss. The Northern Counties In-vestment Trust Company, Limited, a corporation, plaintiff, vs. C. M. Ander-son and Laura B. Anderson, his wife; C. P. Fleming and Caroline Fleming, his wife; A. F. Anderson and Mary Doe Anderson, his wife; Henry D. Prender-gast and Sophy Prendergast, his wife; Charles A. Williams and Minnie C. Will-iams, his wife; Martha Webb and Da-vid Webb, her husband; Chris Hansen and- Hansen, his wife; Fred Nelson and Nelson, his wife; John Arrow-smith and Millie Arrowsmith, his wife; E. F. Runyan and - Runyan, his wife; F. W. Mitchell and - Mitchell, his wife; D. F. Cresswell and Cress-well, his wife; the Oregon Mortgage Company, Limited, a corporation; the Security Savings bank, a corporation, and H. H. A. Hastings, its receiver; the Portland Savings bank, a corporation; George F. Naden, George Bump, Sigfus Stanley, Sarah Helderson, F. B. Tipton and C. E. Whitney & Co., defendants. Order of sale, No. 19,652. Under and by virtue of an order of sale and special execution issued out of the above named court in the above entitled action, and to me directed and delivered, I have duly levied upon the following de-scribed real property, situated in said King county, Washington, to wit: The southeast quarter (S. E. 1/4) of the southwest quarter (S. W. 1/4) of section thirty-two (32), in township twenty-three (23) north of range five (5) east of Wil-lamette meridian, except the west three-fourths (3/4) of the south half (S. 1/2) thereof, being twenty-five (25) acres, more or less; also the southwest quarter (S. W. 1/4) of the southeast quarter (S. E. 1/4) of section thirty-two (32), in township twen-ty-three (23) north, of range five (5) east of Willamette meridian, excepting a five acre tract of land described as follows, to-wit: Commencing at the quarter section corner on the south boundary line of said section thirty-two (32); thence running east on the said section line twenty-eight and 284-1000 rods; thence north twenty-eight and 284-1000 rods; thence west twen-ty-eight and 284-1000 rods; thence south twenty-eight and 284-1000 rods to the place of beginning, being thirty-five (35) acres, more or less; also lot two (2), and the southwest quarter (S. W. 1/4) of the northeast quarter (N. E. 1/4) of section five (5), in township twenty-two (22) north, of range five (5) east of W. M., being seventy-nine and one-fourth (79 1/4) acres, more or less; also lot three (3) of section five (5), in township twenty-two (22) north, of range five (5) east of W. M., excepting the northwest quarter (N. W. 1/4) thereof, being twenty-nine and one-half (29 1/2) acres; also lot five (5) of sec-tion five (5), in township twenty-two (22) north, of range five (5) east of W. M., excepting twenty-one (21) acres, more or less, described as follows: Commencing at the northeast corner (N. E.) of said lot five (5), and running thence west on the north line of said lot five (5) seventy rods; thence in a southeasterly direction in a direct line to a point thirty-four (34) rods west and forty-seven (47) rods south of the place of beginning; thence south-westerly twelve (12) rods to a point which is twenty-six (26) rods northwesterly from a point on the east and west center line of said section five (5) twenty-two (22) rods west from the quarter section corner on the east line of said section five (5); thence southeasterly to the said point twenty-two (22) rods west from said section corner; thence east twenty-two (22) rods to the said quarter section cor-ner; thence north along the east line of said section five (5) to the place of be-ginning, containing in all 187 acres, more or less. Notice is therefore hereby given that on Friday, the 28th day of June, 1896, at the hour of 10 o'clock a. m. of said day, at the front door of the court house, in the city of Seattle, King county, I will sell the above described property at public auction to the highest bidder for cash. Dated this, the 23d day of May, 1896. A. T. VAN DE VANTER, Sheriff. Hastings & Stedman, Attorneys for Plaintiff.

10. October 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 16, 1895

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New Suits Filed. The following new suits were filed yesterday in the superior court: H. O. Armour vs. William Chisholm et ux.-Promissory note $1,500, and foreclosure. Albert E. Hall vs. E. H. Mackay and Annie B. Mackay-Promissory note $3,000, and foreclosure. Joseph Richter vs. Robert Croft-Cancellation of deed. Bank of British Columbia vs. the Western Land and Logging Company-Promissory note. $41,771.55. H. H. A. Hastings, receiver of Security Savings bank, vs. M. W. Sinclair, Columbia Home Company and J. K. EdmistonPromissory note $611, and foreclosure. H. H. A. Hastings, receiver of the Security Savings bank. vs. J. T. Pomeroy, Columbia Home Company and J. 8. Harlan-Promissory note $865, and foreclosure. Atkinson-Calhoun: Company vs. Addie Ginder and Addie Ginder. administratrix of the estate of Alexander Ginder-Goods delivered, $671.20. Thomas Clancy VS. Frank EganTranscript from justice court, $74.50. Jacob Furth, administrator, and Minnie G. Yealer. administratrix, estate of Henry L. Yesler. deceased. vs. United States Mortgage and Trust Company-Balance on sale of land, $117,000. American Historical Publishing Company vs. James Stewart and Jean R. Stewart-Demurrer and motion for change of venue to Chehalis county: complaint not filed. Thomas Foran vs. C. J. Smith, receiver Oregon Improvement Company-Affidavit and motion to quash summons; complaint not filed. John Rankin vs, C. J. Smith, receiver Oregon Improvement Company-Affidavit and motion to quash summons: complaint not filed. Ida F. Richardson vs. C. J. Smith, receiver Oregon Improvement CompanyAffidavit and motion to quash summons: complaint not filed. Peter Neilson vs. Lena M. Keith-Money expended on property. $159.68. Levi Tarr VS. E. E. Overton et al-Damages for personal injury: complaint not filed. Carmine Maglio, administratrix estate of Pietro Maglio, vs. Oregon Improvement Company-Damage suit; complaint not filed.

11. 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.

12. 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.

13. July 12, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 12, 1896

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Court Notes. Defendants' $200 appeal bond was filed in the superior court yesterday in the case of W. P. Brown et ux. vs. the Seattle City Railway Company. N. H. Latimer has been appointed guardian of the estate of Karl Giddings, minor son of Dr. W. F. Giddings, deceased. The bond is fixed at $3,000. Marriage licenses were issued yesterday for Royal J. Mullin and Letha A. Treadwell, both of Ross: Horace R. Cayton, of Seattle, and Suste S. Revels, of Helly Springs, Miss. Judge Osbern has signed an order granting H. H. A. Hastings, receiver of the Security Savings Bank $700 partial compensation for the period from December 11, 1896, to July 11, 1896. Articles of incorporation were filed with the county auditor yesterday for the Cable Mining Company: object, to operate in the Leavenworth district. Okanogan county, and in British Columbia: capital stock, $1,200,000, In $1 shares; incorporators, Philip H. S. Morris, George H. Wineholt, O, C. Palmer. Severt Thompson and Bert L. Rathbun. all of Seattle; principal place of business. Seattle. Orders confirming sale were filed in the superior court yesterday in the following cases: Dexter Horton & Co. vs. William A. Harrington et al., property in Mayrard's addition. Denny's addition, Eastern addition. and E. Hanford's addition. $250; B. F. Briggs et al., as executors, vs. H. A. Smith et al., seventy-three lots In Gilman's addition, $9,795.85: Arthur A. Denny vs. George T. Ford et al., lot 4. block G. A. A. Denny's addition, $2,000: John Nelson vs. August Peterson, seventy-five acres in section 15, township 25, range 7 east, $110.50.