22397. Spokane Savings Bank (Spokane, WA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
November 10, 1898
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gpt-5-mini
Short Digest
d2457709

Response Measures

None

Description

Article (1898-11-10) states the Spokane Savings bank is 'defunct' and has a receiver who was authorized to pay dividends โ€” indicates the bank failed and is in receivership. No run or depositor run is described in the text. Classified as suspension_closure (suspension/closure with receiver). 'Savings bank' likely a state-chartered savings bank.

Events (1)

1. November 10, 1898 Receivership
Newspaper Excerpt
The receiver of the defunct Spokane Savings bank has been authorized by the court to pay a dividend of 7 per cent on the outstanding claims against the institution. This will make a total of 52 per cent paid by the bank. The total indebtedness of the bank amounts to $100,409.54.
Source
newspapers

Newspaper Articles (2)

Article from The Yakima Herald, November 10, 1898

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Article Text

ALONG THE COAST. Items of General Interest Gleaned From the Thriving Pacific States. The ministers of Spokane are generally of the opinion that there should be but one legal ground for divorce. new sawmill of the Equality near Edison. Colony, The Wash., is completed and paid for. Its daily capacity is 10,000 feet. The shipments from Coulee City, last week to of containing nearly 1,500 head, Wash., cattle, amounted 52 cars and representing $42,000. The Indians who have been causing trouble are getting out of Grant county, Oregon, as fast as possible, and no further trouble is expected. According to the financial statement of Coos county, Oregon, the 2 per cent reduction in the legal rate of interest will mean a yearly saving of something over $1,800. G. Gunerson, of Melbourne, and one of the largest timber importers of Australia, is viisiting the Northwest arranging for the purchase of several cargoes of fir lumber. Isaac W. Garrett, ex-secretary of state of Idaho, and a pioneer of Oregon, died at Boise. Mr. Garrett had suffered from a complication of troubles for about a year. The Grand Ronde Lumber Company, of La Grande, has just closed large conwith different southern California fruit for very quantitracts associations fruit large boxes. ties of orange and other receiver of the Bank of The panic, Everett, has which failed early in the made his final report to the court, and an has been made assets to be sold at remaining order directing auction. the sheet metal The Pacific worksat last week New Whatcom started up again a crew, after having been for about a the of means with shut down half employment month. about 50 This or 60 persons, and is welcome news to a large number of people. The discovery has been made that some miscreant has defaced the two 54ton guns that are waiting to be placed in position at Marrowstone point, in Puget sound, by cutting names on Sus- the eteel barrels with soap and acid. picion reste on discharged workmen. The Imperial Paste Company has been at Great for the purpose of organized manufacturing Falls, of Mont., that macaroni to supply the trade and adjonining etates. The output of the factory is 500 pounds daily. They have orders ahead for three months product. The receiver of the defunct Spokane Savings bank has been authorized by the court to pay a dividend of 7 per cent the the outstanding claims against of on institution. This will make a total The 52 cent paid by the bank. total per indebtedness of the bank amounts to $100,409.54. The Golden Giant dredger, now be rapidly pushed to completion at of ing Lannan's spur. below the mouth Burnt river, will be ready to operate 2,000 December 1. Its capacity is be on cubic yards per day, and it is to operated on 160 acres which are report. ed good for 50 cents per cubic yard. The Republic Mining Company declared of Eastern Washington has just $30,another dividend amounting to which is at the rate of 3 cents per share. 000, This is the second monthly like dividend paid by the company assurance of amount, and there is every this the dividends will continue mill at is rate that every month, although the not running at its full capacity. Never before was grass 80 scarce now. on Gilliam county range as bunchthe in pastures where the old so devoid Even is abundant, the grass is grass nutriment from long-continued flesh on of that stock are losing Several sheepmen have hay already, and wise flocks are reducing their just while the pirce and drought it. feeding cattlemen now, is commenced good. sheepmen contract to cut 5,000,000 feet been of The and 175,000 ties has Stout, secured lumber by McPherson Bros. contract & is Brooklyn, B. C. This of the Columbia & Western railway, Rob with will use the lumber on its conwhich inson-Penticon branch. This firm Glad. removing their mill to timber stone, templates where a fine body of exists. Holmes. of Wellington, New John was recently in Vancouver, the gov. Zealand, a commissioner from mission to C., as of the island on a trade of ernment new fields for the hemp profind Zealand, which last year says duced this country offers a fine opening New 22,000 tons. Mr. Holmes for


Article from Condon Globe, November 10, 1898

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Article Text

# ALONG THE COAST. Items of General Interest Gleaned From the Thriving Pacifie States. The ministers of Spokane are generally of the opinion that there should be but one legal ground for divorce. The new sawmill of the Equality Colony, near Edison, Wash., is completed and paid for. Its daily capacity is 10,000 feet. The shipments from Coulee City, Wash., last week amounted to 52 cars of cattle, containing nearly 1,500 head, and representing $42,000. The Indians who have been causing trouble are getting out of Grant county, Oregon, as fast as possible, and no further trouble is expected. According to the financial statement of Coos county, Oregon, the 2 per cent reduction in the legal rate of interest will mean a yearly saving of something over $1,800. G. Gunerson, of Melbourne, and one of the largest timber importers of Australia, is viisiting the Northwest arranging for the purchase of several cargoes of fir lumber. Isaac W. Garrett, ex-secretary of state of Idaho, and a pioneer of Oregon, died at Boise. Mr. Garrett had suffered from a complication of troubles for about a year. The Grand Ronde Lumber Company, of La Grande, has just closed large contracts with different southern California fruit associations for very large quantities of orange and other fruit boxes. The receiver of the Bank of Everett, which failed early in the panic, has made his tinal report to the court, and an order has been made directing the remaining assets to be sold at auction. The Pacific sheet metal works at New Whatcom started up again last week with half a crew, after having been shut down for about a month. This means the employment of about 50 or 60 persons, and is welcome news to a large number of people. The discovery has been made that some miscreant has defaced the two 54-ton guns that are waiting to be placed in position at Marrowstone point, in Puget sound, by cutting names on the steel barrels with soap and acid. Suspicion rests on discharged workmen. The Imperial Paste Company has been organized at Great Falls, Mont., for the purpose of manufacturing macaroni to supply the trade of that and adjonining states. The output of the factory is 500 pounds daily. They have orders ahead for three months product. The receiver of the defunct Spokane Savings bank has been authorized by the court to pay a dividend of 7 per cent on the outstanding claims against the institution. This will make a total of 52 per cent paid by the bank. The total indebtedness of the bank amounts to $100,409.54. The Golden Giant dredger, now being rapidly pushed to completion at Lannan's spur, below the mouth of Burnt river, will be ready to operate on December 1. Its capacity is 2,000 cubic yards per day, and it is to be operated on 160 acres which are reported good for 50 cents per cubic yard. The Republic Mining Company of Eastern Washington has just declared another dividend amounting to $30,000, which is at the rate of 8 cents per share. This is the second monthly dividend paid by the company of like amount, and there is every assurance that the dividends will continue at this rate every month, although the mill is not running at its full capacity. Never before was grass so scarce on the Gilliam county range as now. Even in pastures where the old bunch-grass is abundant, the grass is so devoid of nutriment from long-continued drought that stock are losing flesh on it. Several sheepmen have commenced feeding hay already, and wise sheepmen and cattlemen are reducing their flocks just now, while the pirce is good. The contract to cut 5,000,000 feet of lumber and 175,000 ties has been secured by McPherson Bros. & Stout, of Brooklyn, B. C. This contract is with the Columbia & Western railway, which will use the lumber on its Robinson-Penticon branch. This firm contemplates removing their mill to Gladstone, where a fine body of timber exists. John Holmes, of Wellington, New Zealand, was recently in Vancouver, B. C., as a commissioner from the government of the island on a mission to find new fields for the hemp trade of New Zealand, which last year produced 22,000 tons. Mr. Holmes says this country offers a fine opening for trade in shirts, shoes, cottons, household furniture, canned salmon and agricultural implements. Five mourning tribes assembled at the Puyallup reservation Sunday to pay the last honors to the royal infant, Reed Leschi, who died last week, and who was the 8-months-old son of George Leshi, chief of the Puyallup tribe, and his death is mourned as the removal of a possible leader of the people, there being but one living heir now left. Leschi's uncle was the leader of the war against the whites in the early days, for which he lost his life. In compliance with the request of the Philadelphia board of trade, which