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Miss Iula Bradley, who has been teaching school in the western part of the county, near Hale, went to Salem on this morning's local. - Eugene Guard. The Tacoma National bank suspended today.
Tacoma National Bank (Tacoma, WA)
Episode Information
- Episode UID
292401123- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
29240national - Charter Number
- 2924
- Start Date
- July 24, 1893
- Location
- Tacoma, Washington (47.253, -122.444)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
7de268a9c830bf2e
Response Measures
None
Receivership Details
- Depositor recovery rate
- 21.0%
- Date receivership started
- 1894-12-14
- Date receivership terminated
- 1900-08-09
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 11.8%
- Share of assets assessed as doubtful
- 72.2%
- Share of assets assessed as worthless
- 16.1%
Description
Bank suspended in July 1893 and reopened in Dec 1893, but closed for liquidation Dec 3, 1894 with a receiver appointed Dec 14, 1894.
Events (6)
1.
April 13, 1883
Chartered
- Source
- historical_nic
2.
July 24, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Suspended during the wider banking panic of July 1893; articles note suspension occurred 'during the panic last year.'
- Newspaper Excerpt
- The Tacoma National bank suspended today.
- Source
- newspapers
3.
December 4, 1893
Reopening
- Newspaper Excerpt
- The Tacoma National Bank, which suspended four months ago, will resume on Monday. / opened up all right last Monday morning.
- Source
- newspapers
4.
December 3, 1894
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Directors decided to liquidate owing to general unsatisfactory business and inability to regain former business.
- Newspaper Excerpt
- The Tacoma National Bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation.
- Source
- newspapers
5.
December 14, 1894
Receivership
- Source
- historical_nic
6.
December 14, 1894
Receivership
- Newspaper Excerpt
- News was received tonight of the appointment of Phillip P. Anderson ... as receiver of the Tacoma National Bank.
- Source
- newspapers
Newspaper Articles (19)
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Article Text
A Tacoma Bank Fails. Tacoma, Wash., July 24.-The - Tacoma National Bank, one of the strongest in the nortwest, suspended this morning. The bank has been assisting the other banks in the city for the past six months.
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Tocoma National Goes Under. TACOMA. July 25.-The - Tacoma National bank, one of the strongest in the Northwest, has suspended. This bank has been assisting other banks in the city for the past six months.
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Tocoma National Goes Under. TacoMa. July 25.-The Tacoma National bank, one of the strongest in the Northwest, has suspended. This bank has been assisting other banks in the city for the past six months.
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THE Tacoma National Bank, of Tacoma, and the First National Bank, of Spokane, have suspended payment, with much larger assets than liabilities. In both cases creditors will ultimately be paid in full.
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A Tacoma Bank Suspends. TACOMA, Wash., July 25.-The Tacoma national bank, one of the strongest in the northwest, suspended Monday morning. This bank has been assisting other banks in the city for the past six months.
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A BANK TO RESUME. Tacoma, Dec. 2.-The Tacoma National Bank, which suspended four months ago, will resume on Monday.
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The Tacoma national bank which suspended business the 24th of July last, opened up all right last Monday morning, which shows a tendency to better times on the Sound.
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Tacoma National Bank. TACOMA, WASH., Dec. 3.-The Tacoma National Bank closed its doors this morning. The cashier posted a notice stating that the institution was going into liquidation. The bank suspended payment during the panic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, president of the bank, is at present at Philadelphia.
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CLOSED THE DOORS. TACOMA, Wash., Dec. 3.-The Tacoma National bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation. The bank suspended payment during the pawic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, the president of the bank, is at present in Philadelphia.
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Tacoma Bank Closes. TACOMA, WASH., December 3.-The Tacoma National Bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation. The bank suspended payment during the panic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, the president of the bank, is at present in Philadelphia.
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Tacoma National Bank. Tacoma, Wash., Dec. 3.-Owing to the general unsatisfactory F business conditions the Tacoma National bank closed its doors this morning, having decided to liquidate. Cashier Snyder gives the bank's liabilities at $212,000. and its assets at $512,000. The bank has paid out $712,000 in the last twenty-three months. It was one of the banks which suspended in 1893. and reopened ID December last. Since that time the bank has settled with a large number of its depositors, but being unable to get back their former business, the directors decided to go into liquidation.
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LACK OF BUSINESS STOPPED IT. Tacoma National Bank Closes Its Doors and Will Liquidate. Tacoma, Dec. 3.-Owing to the general unsatisfactory business conditions, the Tacoma National Bank closed its doors this morning, having decided to liquidate. Cashier Snyder gives the bank's liabilities at $212,000 and assets at $512,000. The bank has paid out $712,000 in the last 23 months. It was one of the banks which suspended in 1893 and re-opened in December last. Since that time the bank has settled with a large number of the depositors, but, being unable to get back their former business, the directors have decided to go into liquidation.
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TACOMA NATIONAL'S RECEIVER. Tacoma, Dec. 14.-News was received tonight of the appointment of Phillip P. Anderson, son of the late General Adnla Anderson, chilef engineer of the Northern Pacific rtailroad, as receiver of the Tuoomia National Bank.
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Receiver of a Bank. Tacoma, Wash., Dec. 15.-Phillp P. Anderson, son of the late General A.u. nderson, chief engineer of the Northern Pacific railroad, has been appointed receiver of the Tacoma National bank. There were numerous applicants for the appointment, which Anderson is credited with obtaining through influential connections at Washington.
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gineer of the Northern Pacific railroad, has been appointed receiver of the Tacoma Na tional bank. There were numerous appli cants for the appointment, which Anderson is credited with obtaining through influential connections at Washington.
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PROCEEDINGS have been instituted by Robt. Wingate, Receiver of the Tacoma National Bank, of Tacoma, to place the Tacoma Hotel in the hands of a receiver.
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Washington, D.C., Oct. 2.-The reports of business improvement and activity in masufacturing and commercial lines which have come to the front since the enactment of the Dingley law has suggested to somebody with a good memory a comparison of present conditions with those ot the corresponding dates in the first year of the Cleveland administration. It is a curious fact that the enactment of the Wilson law came at just about a corresponding period with the meeting of the free-trade Congress in the first year of Ceveland's second term, [and that it is therefore possible to contrast business conditions under the shadow of approaching free trade with the business condition in the sunshine of returning protection. This comparison is startling. This period covered in the comparison of the two months since the final action upon the Dingley bill compared with the corresponding two months in the Cleveland term. or from July 24 to Seteraber 24, 1893, contrasted with July 24 to Setember 24, 1897. Here is the contrast; it is well worth laying for reference: Week ending July 24, 1893-Failure of Bozeman. Montana, national bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee, and runs on numerous other banks. Commercial Bank of Denver fails; capital, $250,000. Bank failures At Vernon, Tex., and Knoxville, Tenn.; capital. $200,000. Failure of Tacoma (Wash.) National Bank; capital, $200,000; also failures of banks at Great Falls. Mont., and Orladno, Fla. ; capital, $200,000. Suspension of work in manufactories reported from all sections. Week ending August 1, 1893,-National banks at Manchester, N.H., and Indianapolis, Ind fail; capital $500,000. Failure of First National Bank at Spokane, Wash. ; capital, 2500,000. Ten banks sus pended in one dav (July 27) capital, $2,000,000. Bank failures in South Dakota. Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspendingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago provision deal and many failures of commision houses. Failure of National Bank of El Paso, Texas. Failure of National Bank of San Antono, Texas. Failure of National Bank of Mounce, Ind. LIIId Congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the Anarchists and Soeialists averted by New York police. Failure of National Bank at Hindman, Pa. Failure of National Bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by controller of the currency that 155 national banks and 560 private banks had failed during the year ending August 28. Railroad receivers appointed during August for Northern Pacific, Pt itadelphia & Reading, New England and Pittsburg, Akron & Western. September-Railroad receivers appointed for Wisconsin Central. Chicogo, Peoria & St. Louis, Cleveland, Canton & Southern. Evansville & Terre Haute railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346 779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The following statements of revival of manufacturing industries during the sixty days following the enactment of the Dingley law. the period corresponding with the similar dates in the first year of Cleveland's second term, show the contrast between present conditions and those of the corresponding months of the preceding adminisration. The statements which follow are from "Brad street's:' Week ending July 24, 1897-Twenty thousand workmen resumed work in iron and steel industries. Bigelow Carpet Company, at Clinton, Mass. resumes
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SOME COMPARISONS OFFICIAL REPORTS SHOW THE DIFFERENCE IN THE TIMES. Under the First 60 Days of the Cleve. land-Wilson Low Tariff the Country Was in a Panic-Under the McKinleyDingley Tariff the Country Confident. E. F. PARSONS, Special Correspondent. Washington, D. C.-The close of the first sixty days of the operations of the new tariff law and the business improvements which are visible in every direction during that time have suggested a comparison of the conditions during the two months in question with those of the corresponding date in the first year of the Cleveland administration, during which time the free trade congress, elected with President Cleveland, was just beginning its attack upon the protective system which the Dingley law sixty days ago re-established. The two periods from July 24 to September 24 in the years 1893 and 1897, respectively, present a marked contrast -Bod St 1! pus conditions business 01 SE sible to obtain from government records some data bearing upon this subject and now especially interesting. The following data gathered from official reports presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration and also proximity to tariff legislation: Week ending July 24, 1893-Failure of Bozeman, Mont., National Bank; four Denver banks closed their doors; bank suspensions in other western cities; two bank failures in Milwankee and runs on numerous other banks; Commercial Bank of Denver fails, capital $250,000; bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000; failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000; suspension of work in manufactories reported from all sections. Week ending August 1,1893-Nation-uI pus "H N Manohester 18 queq 18 dianapolis, Ind., fail, epaital $500,000; failure of First National Bank at Spokane, Wash., capital $250,000; ten banks suspend in one day (July 27), capital $2,000,000; bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago Provision Deal and many failures of commission houses; failure of National bank of El Paso, Texas; failure of National bank of San Antonio, Texas; failure of National bank of Muncie, Ind; fifty-third congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the anarchists and socialists averted by New York police; meeting of anarchists broken up by New York police; failure of National bank at Hindman, Pa.; failure of National bank at Tacoma, Wash., suspension of manufacturing establishments in numerous states; announcement by comptroller of the currency that 155 National banks and 560 private banks had failed during the year tnding August 28; railroad receivers apppointed during August for Northern Pacific, Philadelphia & Reading, New England and Pittsburg, Akron & West"ure September-Railroad receivers