Guarantee Loan & Trust Company (Seattle, WA)

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.