gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
67efb967e11bfbfd
Response Measures
None
Description
Multiple articles report petitions and actions placing the bank in receivership for alleged fraud and insolvency.
Events (3)
1.February 11, 1890Chartered
Source
historical_nic
2.November 30, 1895Suspension
Cause
Government Action
Cause Details
Petition filed to place the bank in receivership amid charges of conspiracy against the president and alleged insolvency (liabilities exceed assets).
Newspaper Excerpt
H. H. Wheeler has petitioned the Superior Court asking that the Seattle National Bank be placed in the hands of a receiver. ... liabilities of the Seattle National exceed the assets by $50,000.
Source
newspapers
3.*Receivership
Newspaper Excerpt
Case of Receiver of Seattle National Bank ... dismissing without prejudice ... Receiver Charles H. Baker of the Seattle (Wash.) National bank; when the Seattle bank went into the hands of Receiver Charles Baker ... receiver called for $7500 upon the stock held by Mr. Cranston ... Baker then entered suit for the amount. (mentions receiver and related litigation in 1898-1899.)
Source
newspapers
Newspaper Articles (10)
1.February 17, 1894The Seattle Post-IntelligencerSeattle, WA
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Article Text
Courts and Public Offices. A license to wed was issued yesterday for H. O. Love, of Oakland, Cal., and Adelia Grace Burgert, of Seattle. Judge Langley yesterday granted the petition of the receiver of the Seattle National Bank building to be allowed to lease rooms on the upper floor of the building to the Sunset Telephone Company for a telephone exchange. D. L. Cox, who was appointed receiver of the Ninth Street Grocery Company, yesterday filed his second monthly report in the superior court. He says that the running expenses are larger than the business will warrant, and asks permission to discharge a part of his clerks. The debts of the company are being paid as fast as possible.
2.October 28, 1894The Seattle Post-IntelligencerSeattle, WA
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Article Text
Cases Set for Trial. The following cases were assigned for trial by Judge Osborn yesterday: D. N. Taylor vs. M. F. Nelson et al.-November 12. D. A. Spencer, receiver, vs. Seattle Savings bank-November 13. D. A. Spencer, receiver, vs. Seattle -National bank-November 13. John H. Powell vs. Charles F. Fishback -November 14. T. P. Dyer vs. R. R. Drummond et al.November 14. Bay View Brewing Company vs. M. A. Morse-November 16. C. F. Le Ballister vs. Port Discovery Mill Company et al.-November 16.
3.January 29, 1895The Seattle Post-IntelligencerSeattle, WA
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Article Text
Courts and Public Offices. In the superior court yesterday E. Cowell recovered a judgment for $640 against John Collins et al. Marriage licenses were Issued yesterday for Francis A. Woodward, of New York city, and Mary Spencer, of Seattle: Adam Edward Sell and Ellen Price, both of GIIman. D. A. Spencer, as receiver of the Seattle National bank building. was non-sulted in the superior court yesterday in an action brought to collect rent from Scott, Corson & Winstock. The latter claim that the rent has been paid. Judge Osborn yesterday signed an order directing the clerk of the superior court to pay the Zinteks, of Ballard, a part of the $5,000 judgment recovered against the Stimson Mill Company for the death of the husband and father in 1791. The Seattle Box & Manufacturing Company yesterday filed articles of incorporation with the county auditor. Incorpora-
4.July 13, 1895The Seattle Post-IntelligencerSeattle, WA
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Article Text
REPORT OF THE BANK BUILDING. Fair Profit for the Quarter-Statement of Accounts. W. S. Harlan, receiver of the Seattle National Bank building, filed his quarterly statement in the superior court yesterday. The cash receipts exceed the expenditures for the quarter $2,867.18, with $743.05 payable on accounts. There is $2,100 delinquent on rent: the roll for June amounts to $982. Following is the report: Debit-
5.August 31, 1895The Seattle Post-IntelligencerSeattle, WA
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Article Text
made. County Clerk Gordon was directed to pay out to the proper parties the money in his possession. Payments were made as follows: W. J. Grambs, receiver $ 1,770.83 C. E. Cotting, first mortgage 9,136.50 Seattle National Bank, second mortgage 55 1,579 Total $12,486.97
6.December 1, 1895The San Francisco CallSan Francisco, CA
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Article Text
SEATTLE BANK FRAUDS. Charges of Conspiracy Preferred Against President Hooker. SEATTLE, WASH., Nov. 30. 1 H. H. Wheeler has petitioned the Superior Court asking that the Seattle National Bank be placed in the hands of a receiver. Conspiracy on the part of Robert G. Hooker, the president, is charged. About a year ago the Commercial National Bank, of which Wheeler was president. was consolidated with the Seattle National. The plaintiff claims that Hooker has been fraudulently disposing of stock and otherwise seeking to defraud the former stockholders of the Commercial National, and that the liabilities of the Seattle National exceed the assets by $50,000. Wheeler himself is now under bonds, charged with fraud in his management of the Blaine National Bank, Blaine, Wash.
7.May 15, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
RECEIVER HARLAN REPORTS. Affairs of the Seattle National Bank Bullding-Running Behind. W. S. Harlan, receiver of the Seattle National bank building. filed his report in the superior court yesterday for the quarter ending March 31, 1896. The report shows that during the first three months of the year the total receipts were $2,639.73. and the total expenditures $3,039.72. The building carries insurance to the amount of $130,000, distributed among the following agents: G. A. Burch, $60,000; William Haits & Co., $40,000; Crawford & Conover, $20,000; James Bothwell, $10,000. The total rental accounts for March amounted to $978.50, and the accounts recelvable at the end of the quarter from tenants amounted to $3,535.50. The accounts payable at the end of the quarter amounted to $574.39 in city bills and $394 in salaries.
8.October 20, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
Receiver's Final Report. The final report of the receiver of the Seattle National bank building was yesterday confirmed by Judge Langley. The later report, supplemental to the final report, was also received. but action thereon is postponed. The settlement made by the receiver with Jenner & Legg is approved: the balance of cash remaining on hand after the payment of the amount allowed Hastings & Stedman is to be paid to the Gordon Hardware Co., Whittier, Fuller & Co., the Seattle National bank and H. W. Viele. An order fixing the compensation of the receiver at $200 was also signed.
9.June 4, 1897The Seattle Post-IntelligencerSeattle, WA
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Article Text
Call and Examine.
$15 to $175.
er Way, Bet. First and Western Aves.
A. L. PIPER, Receiver.
cent, authorised. The receiver is also au-
thorized to sell the forty-two shares of
Seattle National bank stock now held by
him, for not less than $100.
10.January 21, 1899The Providence NewsProvidence, RI
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Article Text
# WITHOUT PREJUDICE OR COSTS.
Case of Receiver of Seattle National Bank vs. Old
National Bank of This City Dismissed.
A decision has just been handed down by the United States Circuit Court of Appeals in Boston by Justices Putnam, Webb and Lowell dismissing without prejudice and without cost the case of Charles H. Baker, receiver of the Seattle (Wash.) National bank, and the Old National bank, Francis A. Cranston, cashier, of Providence, R. I. Mr. Cranston as cashier of the Old National bank some time ago accepted 100 shares of stock of the Merchants' National bank of Seattle as collateral on a loan made to a local party. When the Seattle bank went into the hands of Receiver Charles Baker each share of its stock was assessed for 75 per cent. of its par value. Receiver Baker called for $7500 upon the stock held by Mr. Cranston as cashier of the Old National bank, which Mr. Cranston refused to pay, declaring that he held the stock merely as collateral on a loan. Mr. Baker then entered suit for the amount, and Judge Brown of the United States District Court, sitting in Providence, rendered a decision on May 28, 1898, that neither Mr. Cranston as cashier nor the Old National bank was liable for the amount. Mr. Baker then carried the matter to the United States Circuit Court of Appeals in Boston, with the foregoing result.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
