Seattle Safe Deposit & Trust Company (Seattle, WA)

Episode Information

Episode UID
30171391150
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
3017139 hash
Start Date
October 19, 1895
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
41615a2ba9e48648

Response Measures

None

Description

Multiple receivers were appointed and foreclosure proceedings pursued, indicating insolvency and winding up.

Events (3)
1. October 19, 1895 Receivership
Newspaper Excerpt
appointed Fred K. Struve receiver
Source
newspapers
2. November 16, 1895 Receivership
Newspaper Excerpt
Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company
Source
newspapers
3. June 16, 1899 Receivership
Newspaper Excerpt
Robt. Wright was appointed receiver of the Seattle Safe Deposit & Trust company yesterday
Source
newspapers

Newspaper Articles (9)
1. October 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 19, 1895

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Article Text

RECEIVER FOR A TALL BLOCK. Foreclosure Sult Begun for the Safe Beposit Building. Foreclosure proceedings were begun in the superior court yesterday by the German Savings and Loan Society, of San Francisco, against the Seattle Safe Deposit and Trust Company. of this city, for the foreclosure of a $40,000 mortgage, security for a loan. The matter was taken before Judge Langley, who at the request of the plaintiff appointed Fred K. Struve receiver, with bonds fixed at $7,500. The money was loaned on the building on December 29, 1891, and was secured by a mortgage on the building. with interest at 7 per cent. The complaint alleges that no part of the principal has ever been paid. and no interest since May 14, JRSG. A receiver to take charge of the building and collect rents, etc., was petiHoned for, and attorney's fees to the amount of $2,000 are asked. The company " thought to be perfectly solvent, and the present suit will not result in the sale of the property.

2. October 31, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 31, 1895

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Article Text

William Vevers, who has been with the Seattle Safe Deposit and Trust Company since 1889, has resigned as manager of that company, which is now in the hands of Receiver Fred Struve.

3. November 16, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 16, 1895

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Article Text

To Foreclose on Safe Deposit Block. Judge Langley yesterday appointed Harvey T. Hannon receiver of all property of the Seattle Safe Deposit and Trust Company, except the building, now in the hands of Fred K. Struve as receiver. The petitioners for the appointment were Frank H. Osgood, Emily Slawson, Elton E. Ainsworth and Arthur Dunn, doing business as Ainsworth & Dunn, and the Boston National bank. of Seattle. Immediately upon his appointment, Mr. Hannon filed his bond of $10,000, with Dennis Keller and W. R. Forrest as sureties. He then gave notice that the German SavIngs and Loan Association would attempt to foreclose a mortgage on the real property. amounting to $40,000, and that the entire valuation of the property was about $45,000.

4. December 14, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1895

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Article Text

No Necessity for Two Receivers. The Seattle Safe Deposit and Trust Company objects to having two receivers and gives this as one reason why the court should dissolve the order appointing Harvery T. Hannon. Some time ago the German Savings and Loan Society brought an action against tife company and obtained the appointment of Fred Struve as receiver. Later a suit was commenced by Frank H. Osgood and others against the same company and Harvey T. Hannon was appointed in this case. The Safe Deposit and Trust Company claims Hannon was appointed without notice to it and before a complaint had been served. There was no emergency alleged and none existed sufficient to justify the appointment without giving the defendant a chance to be heard. In closing. the court is asked to set aside the appointment of Hannon, as there was already a receiver of the property.

5. February 1, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 1, 1896

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Article Text

Both Receivers Retained. Judge Langley yesterday refused to consolidate the receiverships of Harvey T. Hannon and Fred K. Struve, in the case of the German Savings and Loan Assoclation and F. H. Osgood et al. vs. the Beattle Safe Deposit and Trust Company. The intention of the motion to consolidate was to make Hannon receiver of both the building and other property, but the court took the ground that the dual receivership should not be disturbed.

6. February 26, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 26, 1896

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Article Text

ANOTHER GILMAN SUIT. Safe Deposit Company Begins an Action for $100,000. The Seattle Safe Deposit & Trust Co., by Harvey T. Hannon, receiver, yesterday brought suit in the superior court against D. H. Gilman on twenty coupon bonds for $5,000 each, secured by mortgage on 678 lots in Ollman's addition to Seattle. The mortgage is dated October 1, 1891, and remains entirely unsatisfied. E. W. Price, H. A. Smith, Christian Hansen and the city of Seattle are joined as defendants, as claimthe an Interest in the mortgaged premises. In the case of Thomas Burke, as trustee, vs. Gilman, answers were filed by the General Electric Company, the Bank of British Columbia and the Seattle National bank. In the case of the People's Savings bank against Gilman, a default was entered.

7. June 16, 1899 The Seattle Star Seattle, WA
Article from The Seattle Star, June 16, 1899

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Article Text

Robt. Wright was appointed receiver of the Seattle Safe Deposit & Trust company yesterday, vice H. T. hannon resigned, who expects to be absent from Seattle for an indefinite time.

8. January 13, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 13, 1900

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Article Text

BANK FIXTURES IN DISPUTE. Question Raised as to Whether They Are Part of a Building. Robert Wright, receiver of the Seattle Safe Deposit & Trust Company, was given permission by Judge Moore yesterday, in the superior court, to sue McNeill Bros., of Iowa, to recover possession of the fixtures formerly used by the Merchants' National bank. The receiver claims that the fixtures are movable and properly belong to the estate of the Deposit & Trust Company. McNeill Bros. claim ownership through the foreclosure of a mortgage on the building.

9. January 4, 1901 The Seattle Star Seattle, WA
Article from The Seattle Star, January 4, 1901

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Article Text

IN THE COURTS. The case of the state against John Wilson and Harry Kelly for burglary, was tried in Judge Benson's court this morning before a jury. Roseta Huson asks for a divorce from Archibald Huson and alleges that the defendant is Inhuman. They were married at Pendleton, Or., July 17, 1899. ... W. R. Morgan, receiver for the La Port Trading Co., in the case of the Beattle Hardware Company against the La Port Trading Company, reports, and asks that he be allowed to Issue receivers' certificates in the sum of $2000 in order to carry out certain contracts and maintain the business. ... Yesterday the jury in the case of Robert Wright against the Seattle Safe Deposit & Trust Co., returned a verdict in favor of the defendant company. Wright, as receiver of the insolvent