Washington Savings Bank (Seattle, WA)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
January 22, 1894
Location
Seattle, Washington (47.606, -122.332)
Bank Type
savings

Metadata

Events (5)

1. January 22, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank placed in the hands of a receiver and suspended operations leading to asset liquidation and lawsuits
Newspaper Excerpt
a certificate of deposit for $600 on the suspended Washington Savings bank
Source
newspapers
2. January 22, 1894 Receivership
Newspaper Excerpt
W. W. Dearborn and H. W. Higgins vs. Washington Savings bank-Suit for appointment of a receiver.
Source
newspapers
3. March 10, 1894 Other
Newspaper Excerpt
Receiver's Report on Affairs of Washington Savings Bank. The first report of the receiver ... was filed yesterday: schedule of the bank's resources and liabilities as ascertained by him.
Source
newspapers
4. January 4, 1896 Other
Newspaper Excerpt
C. M. Sheafe, receiver of the Washington Savings Bank, Washington Savings Bank, defendants. Sheriff's sale of property.
Source
newspapers
5. January 14, 1898 Other
Newspaper Excerpt
Receiver King's Report. George H. King, receiver of the Washington Savings bank, yesterday filed his report ... a fourth dividend of 5 per cent. on the approved claims against the bank was declared.
Source
newspapers

Newspaper Articles (11)

Article from The Seattle Post-Intelligencer, January 23, 1894

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New Suite Begun

The following new suite were filed with the clerk of the superior court yesterday: George W. Clancy et al. vs. James H. Woolery and C. W. Waldron-Repievin of personal property taken to satisfy judg. ment Merchants' National bank vs. D. K. Howard-Suit to recover $167 on promissory note. Merchants' National bank vs. J. P. Lyon-Suit to recover $7,500 on promissory note. Nellie Nelson vs. H. F. Phillips et UX. and W. V. Rinehart et al.-Suit to set aside conveyance of real estate on ground of fraud. W. W. Dearborn and H. W. Higgins vs. Washington Savings bank-Suit for appointment of a receiver. Maggie Scoullar vs. G. F. ScoullarSuit for a divorce. Columbia & Puget Sound Railroad Company vs. City of Seattle-Suit for an injunction.


Article from The Seattle Post-Intelligencer, March 10, 1894

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ALL ITS ASSETS ARE GOOD

Receiver's Report on Affairs of Washington Savings Bank. The first report of the receiver of the Washington Savings bank, C. M. Sheafe, was filed yesterday, together with a schedule of the bank's resources and liabilities as ascertained by him. The schedule is as follows:


Article from The Seattle Post-Intelligencer, March 18, 1894

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Courts and Public Offices

Judge Langley yesterday granted an order allowing C. M. Sheafe, receiver of the Washington Savings bank, to pay employes for services rendered as follows from January 22 to April 1: W. W. Dearborn, bookkeeper, $175; H. W. Higgins, teller, $140; H. Darlington, clerk, $50; Clise & King, exclusive of services on suits in court, $233.33; C. M. Sheafe, receiver, $466.66. Robert Roberts, a native of Wales, was admitted to citizenship yesterday by Judge Osborn.


Article from The Seattle Post-Intelligencer, April 11, 1894

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A BIG SAUL OVEELOOKED

Confidence Men Neglect a Simple Ranchor With a Fortune on Him. Several confidence men around the police court yesterday were vigorously kieking themselves for having overlooked a good big trick when it was revealed that a poor, dilapidated-looking and apparently feeble-minded rancher named John Pomrebu had been knocking about the lower part of town all night with $1,788.20 in his pockets. About 4.o'cleck yesterday morning Officer Giasscock found Pomrehn leaning against a box car on the water front, apparently intending to climb into it. As Pomrehn, when questioned, could not give a very clear account of himself and his actions seeming suspicious, the officer took him to the station. Glasscock asked him if be had no money to get a bed with, and Pomrehn said yes he had money, but did not want to go to bed. He talked queerly, hardly comprehending what was said to him, with a stolid look of utter indifference upon his countenance. The officer thought be was a hobo and that he was safer in jail than roaming around at that hour of night. His surprise can be imagined when,a small fortune was fished out of bis pockets in the shape of certificates of deposit, notes and cash. He was given a hearing before Judge Glasgow and wore the same look of stolid indifference as when arrested. He said he had been living on a claim on the StillΓ‘guamish for the past ten years and had come to this country from Germany eleven years ago, having lived in Nebraska and Oregon before coming to this section. His hands were very much swollen as if they had poisoned, and he could not give any reason why he came to Seattle. He looked thin and emaciated and apparently had worked and starved himself almost crazy. On being released and going to the jail office for his money, he paid no attention to Clerk Fleming while it was being counted out to him, and when repeated efforts were made in ,vain to get him to pay attention to the matter the police officers decided that the man was demented and that it was not safe to let him have so much money without informing his friends. Among his papers was a receipt from Thompson, Edsen & Humphreys, who were telephoned to come up to the station. A representative of the firm came up and said his tirm had a certificate of deposit for $600 on the suspended Washington Savings bank which it was trying to collect for Pomrehn, and he thought that perhaps the fear of losing the money had something to do with his derangement. He succeeded in persuading Pomrehn to go to the hospital for a few days, his money and effects meanwhile remaining at the police station. By this action of the police the confidence men were deprived of their prey a second time.


Article from The Seattle Post-Intelligencer, April 29, 1894

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New Suite Filed

The following new suite were filed in the superior court yesterday: M. McCarty vs. W. 8. Fletcher et al.Suit to recover $3,750 on promissory note. F. F. Malcolm vs. J.C. Masel et al.Transcript of judgment on appeal from justice court. Dexter Horton & Co. vs. G. B. Kittinger et al.-Suit to recover $3,500 on promissory note. M. McCarthy vs. C. H. Brown et al.Suit to recover $1,500 worth of goods. Alpheus Byers ve. E. 8. Rothschild and Mark Wilzinski-Suis to recover $275 for rent. C. M. Sheafe, receiver Washington Savings bank. vs. P. C. Richardson and J. W. Heston-Suit to recover $150 on promissory note. Fred Muller vs. Stephen Gugelberger et al.-Suit to recover $480 on promissory note. Kate Buckley, vs. A. P. Mitten, treasurer-Application for restraining order.


Article from The Seattle Post-Intelligencer, August 19, 1894

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The Indorsements Were Forged

W. W. Dearborn et al., representing the Farmers' National bank, of Bryan, O., have filed a petition in the superior court against the Washington Savings bank, of Seattle, in which the receiver is asked to return $400 to them. It says that the Ohio bankissued in Hamilton four certificates of deposit for $100 each, which were presented to the Washington Savings bank and paid, It seems that Hamilton's indorsements were forgeries, unknown to the Seattle bank, and not discovered by the Ohio people till they had settled with the bank in this city, Receiver Sheafe has refused to pay the $400, and hence the potition.


Article from The Seattle Post-Intelligencer, January 4, 1896

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LEGAL NOTICES.

NOTICE OF SHERIFF'S SALE-in the superior Court of the state of Washing-ton, for the county of King. B. Waiter Davis and Ronealior Davis, partners doing business as Davis Bros., plaintiffs, vs. E. A. MacKay, Annie B. MacKay, his wife, H. W. Higgins, Land Mortgage Bank of Northwestern America, limited. Stirson Mill Co., Charles Erickson, T. F. Davidson, receiver of Z. C. Miles Co., Byron Ailen and Gilbert Hutcheson, as Allen & Hutcheson, C. E. and A. K. Churchill, as Churchill Bros., Richard D. Baker and Jos. S. Richards, co-partners as Richards & Baker, intervenors: C. M. Sheafe, receiver of the Washington Savings Bank, Washington Savings Bank, defendants. No. 17,716. 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 described real property, situated in King county, Washington, to-wit: Lot eight (8), of block two, White's addition to the city of Seattle, King county, Washington. Notice is therefore hereby given that on Friday, the 10th day of January, 1896, at the hour of ten o'clock a. m. of said day, at the front door of the courthouse, in the city of Seattle, in said King county. I will sell the above described property at public auction, to the highest and best bidder, for cash Dated this the 6th day of December, 1895. A. T. VAN DE VANTER, Sheriff. J. M. Epler, Attorney.

SEALED PROPOSALS. Sealed bids will be received until 2 o'clock p. m. Thursday, January 30, 1896, at the office of the state capitol commission at Olympia, Washington, for all labor and materials required in the erection and completion of the new state capitol building at Olympia, Washington, according to the plans and specifications therefor, prepared by Ernest Flagge architect, now on file in the office of the architect in the old capitol building in Olympia, Washington, and also at the office of said architect at No. 54 Broad street, New York city. Attention is called to section seven (7), chapter 138, page 462, session laws of 1893, a portion of which section is as follows: "The performance of every contract shall be secured by bond to the state of Washington in a sum not less than one-quarter of the contract price, secured by two (2) securities qualifying in double the amount of the bond, each of whom shall be a bona fide resident of this state, said bond to be conditioned for the faithful performance of said contract. "Each bid shall be accompanied by a similar bond conditioned for the execution and faithful performance of a contract in accordance with said bid if the same be accepted by the board." All payments to contractors will be made in cash. Blank forms for bids and of the contract and bond which the successful bidder will be required to enter into are on file with the plans and specifications in the office of the architect, which contract and bond the successful bidder will be required to execute at once upon the acceptance of his bid. The right is reserved to reject any or all bids. Bids should be addressed to The State Capitol Commission, Olympia, Washington, and envelopes should be marked "Bid for New State Capitol Building." Blank bonds and forms for bids will be furnished to intending bidders upon application to the secretary of the State Capitol Commission, Olympia, Washington. Dated December 31, 1895. J. H. MCGRAW, JOHN E. FROST, JOSEPH S. ALLEN, CHARLES F. MUNDAY, EDMUND RICE, Commissioners.


Article from The Seattle Post-Intelligencer, February 21, 1896

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Sult to Recover on a Note. An action was begun in the superior court yesterday by C. M. Sheafe, receiver of the Washington Savings bank, against the Green Lake Home Building and Guarantee Company et al., for $3,207.65, on an assigned note and mortgage. The transaction dates back to January 22, 1894, at which time W. W. Dearborn accepted a promissory note of the building and guarantee company for $5,382.65, taking as security a mortgage on a lot of property on Green Lake Some $2,700 was paid on the note, when Dearborn sold It to the WashIngton Savings bank. W. D. Wood and Emma W. Wood claim to have some right in the mortgaged premises, but the bank says their claim is subservient and junior to its mortgage.


Article from The Seattle Post-Intelligencer, January 14, 1898

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Receiver King's Report

George H. King. receiver of the WashIngton Savings bank. yesterday filed his report for the period in which be has been receiver. The report shows that cash amounting to $11,606.24 has been received and $7,230.26 has been paid out. leaving a cash balance on hand of $4,425.98. On No. vember 19. 1897. a fourth dividend of 5 per cent. on the approved claims against the bank was declared from the proceeds of the sale of certain real estate.


Article from The Seattle Post-Intelligencer, May 14, 1899

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THE receiver of the Washington Savings bank has a number of lots in Seattle suitable for homes, which he is instructed to sell very cheap: early buyers ge: the choice: lista furnished on application. $3 Roston block.


Article from The Seattle Post-Intelligencer, May 27, 1900

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RECEIVER'S SALE-The receiver of the Washington Savings bank must sell, by order of court, a number of choice lots in Green lake, Ballard, Queen Anne, North Seattle and elsewhere; also acre property in King and Kitsap counties; prices low: terms easy; call for list. Room 53 Boston block.