Security Savings Bank (Seattle, WA)

Episode Information

Episode UID
3059944891128
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
305994489 hash
Start Date
December 10, 1893
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
361abab00edfaf90

Response Measures

None

Description

Receivership and liquidation follow suspension; president later charged with embezzlement.

Events (2)
1. December 10, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers decided to liquidate; connection with Walla Walla bank and later revelations of president's large overdrafts/embezzlement.
Newspaper Excerpt
Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business.
Source
newspapers
2. December 11, 1893 Receivership
Newspaper Excerpt
H. H. A. Hastings, receiver of the Security Savings bank; Mr. Hastings was appointed December 11, 1893, and his first preliminary report was filed January 2, 1894.
Source
newspapers

Newspaper Articles (13)
1. December 10, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 10, 1893

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THE SECURITY SAVINGS BANK. This Institution and Walla Walla Savinge Bank Will Go Into Liquidation. The officers of the Security Savings bank, of which J. K. Edmiston is president, have decided to liquidate its affairs and terminato its business. Mr. Edmiston is at present in Walla Walla, looking after the interests of the Walla Walla Saving bank, of which institution he is also president, and which will likewise go out of business. Pending his return, the Security bank will temporarily suspend payment and will not open its doors for business. The cashier of the bank states that the deposits are small, not aggregating over $30,000, and that all depositors will be paid in full. The Seattle clearing house offered to furnish the money and liquidate the bank at once, but their offer was declined, the officers preferring to close out the business themselves. The partial failure of the wheat crop in Eastern Washington and the connection of the Security bank with the Walla Walla bank are the reasons given by the officer for winding up the affairs of both institutions.

2. December 31, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 31, 1893

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Another Warrant Out for the Walla Walla Banker. SUICIDE AT PORT TOWNSEND. The Seal Agreement Between England and Russia Continued. School Director Hatten, of Anscortes. Thrifty Business Man but a Poor Speller-Large Decrease in the Metal Production of Idaho. / WALLA WALLA, Dec. SA-A warrant was today issued for the arrest ot J. K. Edimiston on a charge of embezzling $30,000 from the defunct Walia Walla Savings bank. Edmiston was president of the bank and also of the Security Savings bank, Seattle, which suspended the same day. The statement of the receiver shows that Edmiston's personal overdraft was $30,501, and that the Security bank owed the suspended bank $33,899. Edmiston was arrested a week ago today at Seattle on a charge of receiving deposits for the Walla Walls bank when he knew it to be insolvent. Upon being brought back here he gave the $2,000 bond required and departed last Tuesday morning. saying he was going back to Heattle. It has since been learned that he has not been sera in that place.

3. January 31, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 31, 1894

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Shore injunction. Railway Company et aL-Suit for THE BLOTTER. CRIMINAL DEPARTMENT-HUMES, J. Webb & Company Vs. A. J. Baker-Jury verdict of $732 in favorjof plaintiff In re petition of Frank Dupree for writ of 31. habeas corpus-Se: for hearing January 0.8. Paulson vs. Hattle Paulson-Decree of divorce; granted. Philip Eckers vs Mary Eckert-Default; signed. J. B. Tarleton V3 John Collins-Continued. Jacob Bersch vs Rosetta Bersch-Decree of divorce: granted. CIVIL DEPARTMENT-OSBORN. 1. T.J. Jones et al vs. L. Lagisquet-Jury verdict of $25 in favor of plaintiff. Lilly, Bogardus & Company vs. S.S. Waitz et al.-Judgment of $111.96 on verdiet; signed. H. J. Croffut V8, H. F. Phillips et UIDefault and judgment in sum of $291.65; signed. Anton Osten et al. vs. Gustave Winehill et al.-Statement of facts; settled and signed by Judge Ballinger. Crescent Creamery Company vs. Schwabacher Bros. & Company-Stipulation of dismissal; signed. A. C. Marconnier et al. vs. Security Savings bank-Notice to creditors given. A. A. Denny et al. vs. W. P. SaywardOn trial. Petition of Sunny Luckey for writ of habeas corpus-Petition granted and prisoner discharged. EQUITY DEPARTMENT-LANGLEY. 3. John H. White vs. J. W. Gilson et UXDefault and decree; signed. H. D. Longaker vs. Joshua Audette et al.-Order of sale; signed. W. W. Dearborn et ai. vs. Washington Savings bank-Order granting receiver permission to pay sheriff's fees; order granting receiver permission to receive and remit money due on guaranteed bonds, Pitkin Brook Company vs. E. Lobe Company-Order appointing G, H. Randell receiver and approving bond. Puget Sound National Bank vs. Samuel Levy et al.-Application for temporary injunction: submitted. J. B. Hewett et ux. vs. Puget Sound Shore Raiiway Company-Restraining order set for hearing February 2. State of Washington ex rel. J. M. Wolfe vs. J. T. Ronald, as mayor-Order allowing writ of prohibition to issue to show cause on February 2at 2 p.m. why defendant should not desist from acts complained of. State of Washington ex rel. Jesse F. Cochrane vs. J.T. Ronald, as mayor-Same action. PROBATE DEPARTMENT-LANGLEY, J. Estate of Jennie McH. Brown-Petition for letters of administration: filed. Estate of Ellen L. Jacobus-Decree approving final account and discharging administrator. Estate of F. A. Gardner-Order approving bond of administrator.

4. May 17, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 17, 1894

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OF SHERIFF'S SALE-IN THE court of the state of Washington for the county of King. C. M. Sheafe, receiver of the Washington Savings Bank. plaintiff, va. Sarah Cattell, N. J. Cattell, J. K. Edmiston, the Washington National Bank of Seattle, Washington, a corporation; H. H. A. Hastings, receiver of the Security Savings Bank: Willis L Ames, trustee; the Yealer Wood and Coal and Lumber Company and O. B. Littell, defendanta. No. 17.777. Under and by virtue of an order of sale and special execution issued out of the above-named court in the above entitled action, and to me directed and delivered, I have duty levied upon the following described real property, situated in said King county, Washington, to-wit: The south forty (40) feet of lot thirteen (13) in block twenty-two (22) in Burke's second addition to the city of Seattle, Wash., together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or ap. pertaining, situate in King county and state of Washington. Notice is therefore hereby given that on Friday, the 18th day of May, 1894, at the hour of 10 o'clock a. m. of said day, at the front door of the courthouse, in the city of Seattle, in said King county, 1 will sell the above described property at public auction to the highest bidder for cash. J. H. WOOLERY, Sheriff. Dated this the 18th day of April, 1894.

5. June 14, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 14, 1894

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# The Bank Answers. In the suit of Charles E. Cotting et al. on notes and mortgage against the Rainier Avenue Electric Company and others, the Seattle National Bank, of Seattle, yesterday filed its answer to the complaint and cross-complaint of the Seattle National Bank against the plaintiffs and the defendants, Rainier Avenue Electric Railway Company, Security Savings Bank, of Seattle, H. H. A. Hastings, receiver of the Security Savings bank, J. K. Edmiston, George F. Edmiston and W. H. Gleason.

6. June 21, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 21, 1894

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HOW TO RUIN A BANK. Queer Methods of Edmiston in Crossing Accounts. RECEIVER HASTINGS' REPORT. Claims Against the Security Savings Bank Rejected-Prospect of Depositors Getting Even. H. H. A. Hastings, receiver of the Security Savings bank, of Seattle, in the case of A. C. Marconnier and J. K. Edmiston against the bank, has just filed his first complete report in the superior court, covering a period from December 11, 1893, to May 1, 1894. Mr. Hastings was sppointed December 11, 1893, and his first preliminary report was filed January 2, 1894. In this last report the receiver goes into details of all the claims, giving a long list of claims against the bank which have been allowed; also a number of claims whose demands for preference and priority have been rejected, though their respective amounts were allowed, and last, s number of important claims which the receiver has seen fit to reject for cause. These rejected claims make up a sum that should materially increase the assets of the bank and amounting to nearly $75,000. The most of these are claims in which J. K. Edmiston, as president, used the bank to further his personal transactions. The list of claims rejected, tabulated, is on follows:

7. September 15, 1894 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 15, 1894

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MORE OF SECURITY BANK. Commercial Savings Bank, of Spokane, Wants Its Full Claim. The Commercial Savings bank, of Spokane, yesterday filed in the superior court objection to the second report of the receiver of the Security Savings bank of this city, which takes in the period between December 11, 1893, and May 31, 1894. It particularly objects to that part of the report respecting its claim and not allowing it any more than $3,113.69. It is alleged that the Spokane bank's claim in open account is $9,168.64 and in certificates of deposit $21,183.85. Frank W. Paine, receiver of the Walls Walla Savings bank, also objects to the same report of the receiver. It is claimed that $33,889.31 is due, whereas the receiver has only allowed $12,974.19. Both banks pray for an adjudication by the court of the differences that exist.

8. May 9, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 9, 1895

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LEGAL NOTICES. NOTICE OF SHERIFFS SALE-In the superior court of the state of Washington, for the county of King. Canada Settlers' Loan and Trust Company, Limited, a corporation, plaintiff, vs. Charles Blomquist, Anne Aspaas, C. O. Aspaas, her husband: John W. Charlton, J. R. Malan, Security Savings bank, a corporation, and H. H. A. Hastings, as receiver of the Security Savings bank, defendants. No. 18,046. Under and by virtue of an order of sale and special execution, issued out of the above named court, in the above entitled action, and to me directed and delivered. I have duly levied upon the following described real property, situated in said King county, Washington, to wit: Lot numbered two (2) in block numbered two (2) of Valentine addition to the city of Seattle, according to the official plat thereof as recorded In volume 7 of plats on page 71 in the office of the county auditor of said King county, together with all and singular the tenements, hereditaments and appurtenances thereto belonging or appertaining. Notice Is therefore hereby given that on Friday, the 7th day of June, 1895, at the hour of 10 o'clock a. m. of said day, at the front door of the court house, in the city of Seattle, in said King county, I will sell the above described property at public auction, to the highest bidder, for cash. Dated this 29th day of April. 1895. A. T. VAN DE VANTER. Sheriff.

9. December 19, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 19, 1895

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NOTICE OF SHERIFF'S SALE-In the superior court of the state of Washington, for the county of King. The Scottish-American Mortgage Company, limited, a corporation, plaintiff, to: Allan Dow, Luda Dow, Richard Lamont and J. S. McLellan, copartners doing business under the firm name and style of Lamont & McLellan, the Security Savings Bank, a corporation, and H. H. A. Hastings, its receiver, defendants. No. 20,087. and of en of

10. April 5, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, April 5, 1896

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Receiver Transfers Property. H. H. A. Hastings, receiver of the Security Savings bank. was yesterday instructed by Judge Osborn to execute to A. E. Hanford a quit claim deed to the Dr nwy swis also the sig net swy and sig self nwy swy sec 23, tp 34, T 4 east. The transaction relates to the settlement of a conveyance by bond by Hanford to J. K. Edmiston and by Edmiston to the bank. The receiver was also authorized to enter Into a contract with G. M. Falkner for the sale of the south 42 feet 2 inches of lot 3 and the north is feet 8 Inches of lot 4, Dunlap's plat. for $200, payable in installments. The receiver was further authortred to receive a conveyance of lot 1. block 8. Brighton Beach, in full settlement of a note given by John W. Heston and Everett Smith.

11. May 7, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 7, 1896

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NOTICE OF SHERIFFS SALE. superior court of the state of ton, for the county of King. H. H. A. Hastings, as receiver Security Savings bank, a cor plaintiff, vs. Lydia Kellogg and Kellogg, defendants. No. 21,245. Under and by virtue of an order and special execution issued out of above-named court in the above cause, and to me directed and dell'u I have duly levied upon the follown scribed real property. situated in county, Washington, to-wit: Lots No. (1), five (5) and six (6), in block Na ty-four (24), of Sander's supplemental of an addition to the city of Seatti cording to plat thereof, recorded in of Plats, page 210, Records of King ty, Washington. Notice is therefore hereby given on Friday, the 29th day of May, the hour of 10 o'clock a. m. of at the front door of the courthouse. city of Seattle, in said King cousty will sell the above-described propr public auction, to the highest and badder for casn. Dated this 29th day of April, 1936. 19 A. T. VAN DE VANTER Hastings & Stedman, Attorneya.

12. September 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 2, 1896

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Court Notes. Mining location notices were filed with the county auditor yesterday by James M. Lee for the Washington Wonder and American Wonder-claims, both in the Snoqualmie district. Mrs. Emma 8. Erickson, an inmate of the Seattle General hospital, was adjudged insane after an examination yesterday atternoon and will be taken to Stellacoom as soon as her health will permit. She has already been in the asylum. Decrees were signed by Judge Langley yesterday as follows: W. A. Grubb VS. Henry F. Thumm et al., $457.88, and foreclosure on lots 1 and 2, block 9, Ross' Second addition: First National bank, of Seattle, vs. J. R. Burrell et al., $1,850. In the case of Marconnier et al. V8. the Security Savings bank, Judge Osborn yesterday signed an order that $1,499.95 in favor of Receiver Hastings and against the Columbia Home Company be a partial set-off against A deposit, now owned by the Washington National bank.

13. November 10, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 10, 1897

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NOTICE OF SHERIFF'S SALE-IN THE Superior Court of the State of Washingtoo, for the County of King. Gertrude Taylor, plaintiff, va. William Sowerby, Security Savings Bank, a corporation; H. H.A. Hastings, BE receiver of the Securby Savings Bank, a corporation: Thomas Wilson and Washington National Bank of Seattle, a corporation, defendants. No. 24,145. Under and by virtue of an order of sale and special execution, issued out of the named court, in the above entitled and to me directed and delivered, we duly levied upon the following real ty, situated in King County, Washto-wit: north half of the southwest quarter of SW). the southwest quarter of southwest quarter (SW% of SW%), the northwest quarter of the southquarter (NW% of SE%). of section teen (13), township twenty-six (2) th. of range five (5) east, of the WIIte Meridian, and containing 160 acres. vice is therefore hereby given that on day, the 27th day of November, 1897. at hour of 10 o'clocka m. of saidday, at the t door of the court house, in the City cattle, in said King County, I will sell above described property at public aucto the highest and best bidder, for Dated this 26th day of October, 1897. WM. H. MOYER, Sheriff. Tullinghast & Pritchard, Attorneys.