gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
73cd12c9145534ba
Response Measures
None
Events (3)
1.May 25, 1896Suspension
Cause
Bank Specific Adverse Info
Cause Details
Injudicious loans on Washington property blamed for the failure
Newspaper Excerpt
The Guarantee Loan and Trust Company closed its doors today and made an assignment for the benefit of its creditors.
Source
newspapers
2.June 18, 1896Receivership
Newspaper Excerpt
Judge Langley yesterday signed an order appointing Jacob Furth receiver of the Guarantee Loan and Trust Company.
Source
newspapers
3.September 21, 1896Other
Newspaper Excerpt
NOTICE TO CREDITORS...present claims against The Guarantee Loan and Trust Company...within three months from the date of the first publication of this notice.
Source
newspapers
Newspaper Articles (12)
1.May 27, 1896The Madison Daily LeaderMadison, SD
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Article Text
BRIEF BITS OF NEWS. Col. John S. Mosby, the ex-Confederate soldier and more recently consul to Hong Kong, is lying critically at his home in San Francisco. The Guarantee Loan and Trust company of Seattle, Wash., has closed its doors and assigned for the benefit of its creditors. Injudicious loans on Washington property are blamed for the failure. Mrs. R. De Young, Middleburg, Iowa, writes. I have used One Minute Cough Cure for SIX years, both for myself and children, and I consider it the quickest acting and most satisfactory cough cure I have ever used. FRANK SMITH.
2.May 28, 1896The Sauk Centre HeraldSauk Centre, MN
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Article Text
# MINOR ITEMS OF INTEREST.
Charles Warren Lippitt was inaugurated as governor of Rhode Island Tuesday.
The New York court of appeals has decided that the Raines excise law is constitutional.
Dr. William A. McGill, one of the most prominent physicians in the country, is dead at Erie, Pa.
The senate committee on pensions has referred the Pickler pension bill to sub-committee consisting of Senators Gallinger, Vilas, Peffer, Palmer and Pritchard.
The Guarantee Loan and Trust company of Seattle, Wash., has closed its doors and assigned for the benefit of its creditors. Injudicious loans on Washington property are blamed for the failure.
At a meeting of the business men of Baltimore $138,750 were subscribed to aid in freeing Johns Hopkins university from the burdens which the failure of the Baltimore and Ohio railway to pay dividends has imposed upon it.
3.May 30, 1896Red Lodge PicketRed Lodge, MT
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Article Text
BANK FAILURE AT SEATTLE \ Guarantee Loan and Trust Company Has Assigned. Seattle, Wash., May 25.-The Guarantee Loan and Trust Company closed its doors today and made an assignment for the benefit of its creditors, with Jacob Furth, president of the Puget Sound National bank. as assignee. The bank was organ ized in 1887, capital stock $200,000. The failure was not unexpected.
4.May 30, 1896The Kootenai HeraldBonners Ferry, Kootenai, ID
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Article Text
A BANK FAILURE AT SEATTLE Guarantee Loan and Trust Company Has Assigned. Seattle, Wash., May 25.-The Guarantee Loan and Trust Company closed its doors today and made an assignment for the benefit of its creditors, with Jacob Furth, president of the Puget Sound National bank, as assignee. The bank was organized in 1887, capital stock $200,000. The failure was not unexpected.
5.May 30, 1896Pullman HeraldPullman, WA
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Article Text
A BANK FAILURE AT SEATTLE Guarantee Loan and Trust Company Has Assigned. Seattle, Wash., May 25. -The Guarantee Loan and Trust Company closed its doors today and made an assignment for the benefit of its creditors, with Jacob Furth, president of the Puget Sound National bank, as assignee. The bank was organ. ized in 1887, capital stock $200,000. The fallure was not unexpected.
6.June 19, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
A Receiver Appointed. Judge Langley yesterday signed an order appointing Jacob Furth receiver of the Guarantee Loan and Trust Company. with orders that he proceed to collect from the stockholders of said company their statutory liability as such stockholders and distribute the fund according to law to those entitled. Bonds were fued at $5,000. This was done at the suit of Charles F. Munday, claiming to be n creditor to the amount of $361.37 as a depositor. Mr. Furth Is already assignee of the corporation. The order simply changes his legal status from that of assignee to receiver, and thus enlarges his powers.
7.June 19, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
New Sults Filed. The following new suits were filed in the superior court yesterday: Charles F. Munday vs. Guarantee Loan and Trust Company-For appointment of & receiver. State Vs. Albert E. Boyd-Assault and battery: transcript on appeal from municipal court. W. L. Coggshall VS. Bernard Meyer et al.-$470.25, and foreclosure of mortgage on east half of northeast quarter and north half of southeast quarter of section 34, township 20 north, range 7 east.
8.October 3, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
NOTICE TO CREDITORS. NOTICE TO CREDITORS.-An persons having claims against The Guarantee Loan and Trust Company, of Seattle, Washington. are hereby notified and required to present the same, verified. to the undersigned, at his office. room 424 Balley building. corner of Second and Cherry streets, in the city of Seattle, county of King. state of Washington, within three months from the date of the first publication of this notice. towit, the 21st day of September, 1596, in order to have such claims listed with other valid claims against said corporation. JACOB FURTH. Assignee and Receiver of the Guarantee Loan and Trust Company, of Seattle, Washington.
9.October 15, 1896The Seattle Post-IntelligencerSeattle, WA
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Article Text
NOTICE TO CREDITORS. NOTICE TO CREDITORS.-A persons having claims against The Guarantee Loan and Trust Company, of Seattle, Washington, are hereby notified end required to present the same, verified. to the undersigned. at his office. room 424 Bailey building. corner of Second and Cherry streets, in the city of Seattle, county of King: state of Washington, within three months from the date of the first publication of this notice. towit. the 21st day of September. 1896, in order to have such claims listed with othor valid claims against said corporation. JACOB FURTH, Assignee and Receiver of the Guarantee Loan and Trust Company, of Seattle, Washington.
10.September 24, 1898The Seattle Post-IntelligencerSeattle, WA
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Article Text
# GEORGE HEILBRON'S ESTATE.
Excutors File a Report in the Superior Court.
The report of George F. Fay and William A. Peters, executors of the estate of George H. Heilbron, who died suddenly April 1, 1835, was filed in the probate court yesterday afternoon.
The face value of the assets is $54.094.64 but the executors say that the actual value will not exceed $13.179.94. There are claims againg the estate amounting to $33,132.95.
When the matter was taken before Judge Moore he appointed E. B. Downing, A. B. Stewart and J. M. Lyon appraisers, and issued an order directing that the estate be setted up according to law. This dedados vas rendered because the value of the property is not sufficient to pay off the indebtedness and the creditors will have to be ontent with their pro rata.
Mr. Heilbron's estate, after his death, was find to consist of stocks, a $10.000 life insurance policy, a residence in Seattle sone acre tracts across Lake Washington and lots 1 and 2 in block 1, Werreit's addition. The insurance policy was held by the Guarantee Loan and Tust Company, which claimed it on the ground that has been deposited to secure an indebtedness on the part of Mr. Heilbron to the company, of which he was manager.
The executors won the case both in the supelor and supreme courts. The $10,000 was hen deposited in three banks, one of whier was the Guarantee Loan and Trust Company. At the time the last mentioned sttution failed it had on deposit about of the insurance money. The exec-los say that their claim for this amount has been allowed by the receiver of the cinct institution and that they believe they will realize about 5 per cent of its
11.April 1, 1899The Seattle StarSeattle, WA
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Article Text
FURTH'S COMPENSATION. Judge Moore decided yesterday afternoon that Jacob Furth was entitled to $3000 as a compensation for his services as asignee and receiver of the Guarantee Loan & Trust company. Attorney Donworth, representing 8. C. Calderhead, the new receiver, said the amount was satisfactory. Mr. Furth collected $32,000, but some of the depositors thought the affairs of the company were not being settled up fast enough, and requested another receiver.
12.January 14, 1900The Seattle Post-IntelligencerSeattle, WA
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WILL LISTEN TO OBJECTIONS. Judge Moore Sets Day for Hearing of Brewster-Calderhead Matter. Judge Moore yesterday set January 30 for the hearing of objections to the sale of certain lands on Lake Washington, which are included among the assets of the Guarantee Loan & Trust Company, to J. M. Brewster. John Graham, one of the creditors of the company, is opposing the sale. He claims that Receiver Calderhead, of the company, is attempting to sell at a low figure to Mr. Brewster, whereas the land can be sold, as he claims, for more money.
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.
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Guarantee Loan & Trust Company · UID 1846047291157
