Home Security Savings Bank (Bellingham, WA)

Episode Information

Episode UID
3389462091323
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
338946209 hash
Start Date
March 31, 1910
Location
Bellingham, Washington (48.760, -122.488)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
885caff424d0193d

Response Measures

None

Description

Bank closed by state examiner and placed in receivership amid embezzlement allegations against the president.

Events (3)

1. March 31, 1910 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state examiner after discoveries of worthless paper and alleged mismanagement/embezzlement by president
Newspaper Excerpt
The bank was closed by State Bank Examiner J. L. Mohundro on the last day of March
Source
newspapers
2. May 13, 1910 Receivership
Newspaper Excerpt
Ex-Gov. Mead has been appointed receiver for the Home Security Savings Bank, at Bellingham.
Source
newspapers
3. June 24, 1910 Other
Newspaper Excerpt
Harry J. Welty, ex-president of the wrecked Home Security bank ... wanted on a charge of embezzlement, reached Bellingham ... He gave himself up.
Source
newspapers

Newspaper Articles (4)

Article from Washington Standard, May 13, 1910

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Article Text

# VELVET and RAGS (INDIVIDUAL OPINION) BY LUE F. VERNON Halley's comet has done a vast amount of good for space-writers, anyway. The Republican could not name a better candidate for Governor of the State than Hay-for defeat. The word "insurgent" to a standpat Republican, has the same effect as a red rag to an angry bull. With Gov. Hay, it was a case of "giving Gen. Lamping a free hand in the reorganization" of the National Guard. Just a tip. The Jeffries-Johnson fight will be "pulled off" allright, allright, and Johnson will "bring home de bacon." It is written so. Though the A.-Y.-P. exposition closed with enough money to pay all debts, it has eight damage suits in courts, which aggregate $45,000. Most editors tell their correspondents not to "get funny." However, Mark Twain left an estate valued at $180,000. Still "Mark Twain" humor doesn't grow on every kind of soil. Wonder if the second marriage of Ruth Bryan Leavitt, daughter of W. J. Bryan, will prove more happy than her first one? Here's hoping it will, for her parents' sake if not hers. "Tie Your Little Bull Outside," is a late song in vaudeville circles. It seems if any bull is to come inside, it should be a little one, hence, "Tie Your Big Bull Outside," would be a better title for the song. Ex-Gov. Mead has been appointed receiver for the Home Security Savings Bank, at Bellingham. Next he will be elected city councilman-than death - politically - for one Mead, ex-Governor of Washington. It is well enough for some people who sneer at those whom nature has not given as pretty a face, as themselves, to learn that no difference however ugly the features of a woman may be, she is a Venus in the eyes of someone. # "Lick Turns Big Gold Key Over to Mayor Fawcett" is a heading in a Tacoma newspaper. This is an eye-opener for Seattle. Seattle has heretofore supposed there wasn't enough gold in Tacoma to make an object large as a cambric needle. Rev. M. A. Matthews, of Seattle, said, recently: "The unprotected girl should come in for just a little more attention and protection at the hands of men than the girl from her happy home with brothers and fathers to defend her." Amen. Chief of Police Wappenstein, of Seattle, may not have known that gambling was being conducted in the Monte Carlo saloon, in the red-light district of that city, but the Sheriff's deputies did, so they raided the joint and arrested the dealers of games therein. A Kent prohibitionist was placed in jail the other day for being drunk. His was a case of not practicing what he preached, worked and voted for a "dry" town. Such hypocrites as this Kent man is what disgusts even those who really believe in the "no saloon" cult. Lottie Collins, who sang and kicked her way into popularity, by singing, fifteen or sixteen years ago, the song "Ta-ra-ra-Boom De Aye," died very suddenly at her home in London, May 3d. She toured the United States during her successful career and made plenty of money. The letters of Frank Kenney describing scenes in foreign lands are very interesting and delightful, to be sure. A man who writes such charming descriptive articles cannot do otherwise than handle the king of all beers "It's the Water," and this Mr. Kenney represents as all STANDARD readers know. H. Hriga, a Japanese 29 years old, tried to commit suicide in Fauntleroy Park, West Seattle, by using a revolver. "Too much study, too much work" was all he would say. It is "too much study, too much work" and no play, that kills the average business man of to-day, whether he be a Jap or any other nationality. The Queen of Roumania collected huge sums for a refuge of the blind. A little town was built and inaugurated for the blind of all nationalities. Now orders have been issued expelling all the blind who are not Roumanians, turning them out to exist as best they may. The Queen never donated a cent of the initial cost, but simply collected from charitably inclined folks. This woman may be the Queen of Roumania, but she is a heartless she-devil with it.


Article from The Tacoma Times, June 24, 1910

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Article Text

BELLINGHAM BANKER IS ARRESTED EX-PRESIDENT OF DEFUNCT BANK RETURNS FROM "THE WOODS" AND SURRENDERS. (By United Press Leased Wire.) BELLINGHAM, June 24.-Harry J. Welty, ex-president of the wrecked Home Security Savings bank of this city, wanted on a charge of embezzlement, reached Bellingham at an early hour this morning. He gave himself up. He has been at Vancouver, B. C., since Wednesday, when he came down from some point in Northern British Columbia on the steamer Beatrice. The bank was closed by State Bank Examiner J. L. Mohundro on the last day of March, but conditions, had been such that on the first of the year the examiner, after an investigation, ordered that Welty step out of the instituoion. This he did, but following the closing of the bank the ex-president could not be found. A warrant issued for his arrest charges him with the embezzlement of $10,000. During the time that he has been absent from the city, Welty has been in hiding in the wilds of British Columbia. A reward of $500 was offered for his arrest by the board of county commission ers, but this was withdrawn on motion of the prosecuting attorney who stated to the board some days ago that he Lad information in his possession that led him to believe Welty would come back of his own free will and give himself up. Among the charges that the receiver's report makes against Welty is that dealing in high finance have resulted in the bank being filled with worthless paper for which gold coin was given, and that in one instance a $30,000 mortgage is missing.


Article from East Oregonian : E.O, June 25, 1910

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Article Text

BANK PRESIDENT WELTY COMES OUT OF HIDING Bellingham, Wash.-Harry J. Welty, ex-president of the wrecked Home Security Savings bank of this city, wanted, on a charge of embezzlement, reached Bellingham at an early hour Friday morning. He gave himself up to the sheriff of Vancouver, B. C., last night. He has been there since Wednesday, when he came down from his hiding place in British Columbia on the steamship Princess Beatrice. The bank was closed by State Bank Examiner J. L. Mohundro on the last day of March, but conditions have been such that on the first of the year, the examiner, after an investigation, ordered that Welty step out of the institution. This he did, but following the closing of the bank the ex-president could not be found. A warrant issued for his arrest charging him with the embezzlement of $10,000, but it was given out at the time of its issuance that this charge was made because embezzlement is an extradition crime. The reports of A. E. Meade, former governor, who is receiver for the bank, and of the state bank examiner, show beyond question that other charges will be preferred against Welty, as do also the statements of the depositors' committee. During the time that he has been absent from the city Welty has been in hiding in the wilds of British Columbia. A reward of $500 was offered for his arrest by the board of county commissioners, but this was withdrawn on motion of the prosecuting attorney, who stated to the board some days ago that he had information in his possession that led him to believe Welty would come back of his own free will and give himself up.


Article from The Lynden Tribune, October 31, 1912

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Article Text

Corporation Dailies Kellogg Boosters Law Violato editor until close to the midnight The law provides that all newspashall prepare an affidavit on or Think of it! A superior court before the first day of April and Ocassisting a trust daily in the time! Kellogg would not debat tober of each year, showing the list once with Pemberton. He said subscribers of the stock, bond holdbate more than once was beneat and mortgagees, and publish such in its first issue thereafter. dignity. Did he take his dignity him to the office of the editor o Newspapers of Whatcom County have complied with this law genercorporation dailies? ally. The Bellingham daily newspaKellogg Tried to Keep Pembe however, have not filed their Name Off the Ticket. affidavit, neither have they published John A. Kellogg and his corpor list of their stockholders. They furbosters endeavored to prevent ther claim they will not do SO. name of W. H. Pemberton being Why Hide Their Identity? ed upon the ballot at the Nove election. They claimed that K Why is it that these newspapers obshould be considered elected, so seriously to permitting the though he had failed to receive public to know who holds the stock third of the vote cast for judge the corporation, publishing the about one-sixth the voters of same and wilfully and deliberately com County. violate the law rather than disclose Attorney General Tanner anno the identity of the corporations and that he appealed the King County individuals who purchased the daily to the supreme court because o newspapers. The public has a legal judicial ticket situation in Wh: right to know who the stockholders County. Kellogg and his friend of these dailies are that are so inpected to get the supreme sistent upon retaining Kellogg as through this source, to lay do judge, and the reasons why they want rule that would prevent oppositi so badly. him at the general election. Should you listen to a law violator disregarded the views of the c when he tells you to vote for the attorney, and of Judge Joiner, judge he wants? tried the case, and are not now Think of it! These newspapers, fied with the decision of the sup that are so anxious that the people court, which shows clearly tha elect John A. Kellogg, are wilfull and people have a right to select deliberate law violators. They have judges, and that they are not been notified to comply with the law. chosen by a small minority, the and deliberately refuse to do so. poration method. Want Their Judge Elected. Kellogg Lobbied for His Jol The corporations have not only Kellogg lobbied for the law bought the Bellingham daily newspathis county an additional judge. pers, but have their agents in the law was demanded by the corpora smaller towns of the county. and when there was not sufficient these agents are doing all that they for two judges. because they W to re-elect Judge Kellogg. It is a corporation judge Our authori necessary for us to name these in this statement is the Bellingham dividuals, because their work identiald, in which appeared the foll fies them. headlines in early March, 1907. The daily newspapers of Bellingham Kellogg received his appointment that if Kellogg is not re-elected. Governor Mead: the Superior Court will fail to be non"HOWARD WINS FIGHT: partisan. There is no foundation to KELLOGG WILL PICK PI this claim. Non-partisan to them Here is another quotation fro means. however, that you should elect Bellingham Herald along about their judge. time: Referring to John A. Ke The Ousting of Hanford. the Herald said: Victor Berger, the socialist con "His principal backer and sp gressman, instituted the impeachment was C. W Howard." proceedings against Judge Hanford. Kellogg was told by W H. The insurgent Republicans of the naberton at the time Kellogg a1 tional legislature and the Democrats ed before the House judiciary assisted in the investigation of Hanmittee that the work had no ford's record. The whole country j terially increased and two seemed to be pleased when this inwere not necessary, which fac vestigation resulted in Hanford's resshown by the certificate of a ignation. C. W. Howard testified in stract company. the Hanford investigation that HanFiles for Old Salary. ford was a good judge. Upon Hanford resigning. Howard was appointed Kellogg lobbied to double his to fill the vacancy. Again your repary from $3,000 to $6,000 a year resentatives in the senate refused to he was the first man to file for confirm the appointment of Howard. this year under the $3,000 salar because of his known corporation his time is worth $6,000 a yea connection. In order that he might certainly does not care much serve as judge, President Taft reapsuperior judge at $3.000. It pointed him, and Howard is now servcorporation boosters that want during the vacation. The questo remain in his present positic of his confirmation will come beHow Kellogg Made Good. fore the next senate. Kellogg was appointed on the The same corporation influences be cutive committee of the State Ba hind Howard and Hanford caused the sociation of C. W. Howard, its appointment of Kellogg, and are now dent, and Kellogg made good clamoring for his re-election. If your doing nothing toward disbarring representatives and senators were jusRoot and Judge Gordon, who per tified in making the fight against ted and secured the Great Nor Hanford and against Howard. you cerRailway to write the opinion of tl tainly cannot consistently vote for preme court of this state, wh John A. Kellogg for re-election to the was claimed that $70,000 had superior bench when you know his used to bribe the judges of this record and the corporation influences It was the duty of the exec supporting him. committee to proceed with the d Kellogg Opposes Recall of Judges. ment proceedings. Kellogg say did nothing in the matter The Judge Kellogg is opposed to the recall of judges. Pemberton favors the porations did not want those me barred. From their viewpoint Ke recall of judges. Kellogg thinks that made good by doing nothing. judge should be independent. He certainly was independent when he Kellogg's Fishtrap Farce. appointed Albert E. Mead receiver of Kellogg fined the fish trap the Home Security Savings Bank over $250. The fine was SO light tha the protests of the depositors. Mead taxpayers lost a few hundred do appointed Kellogg judge: Kellogg although they won the case. The appoints Mead receiver. If Kellogg is trap company upon paying the re-elected through the forces behind and the small proportion of the will he remember them as he of trial taxable against them w remembered Mead? under the testimony, clear over thousand dollars on the transa Grange Says "Guard the Courts." The fish trap trust owns stock i Whatcom County Grange, October daily newspapers. Do you see 1912, adopted the following resoluthey are all boosting for Kellog Kellogg appointed on the Boul tion: "We urge all good citizens not to commission the man he was ask vote for any candidate, however good appoint-Judge Hardin having re his private life, who is backed by to be dictated to in the matter. forces of organized greed and Would you like to try your special privilege. wherein a corporation is intereste "We think it safe to advise you not fore a man as judge who owed vote for any man. or any measure, position to corporation influence any candidate that is supported the Bellingham Herald and ReveiKellogg Rewards Friend Mea since those papers are the special Kellogg. taking advantage of organs of the law-breaking corporamisfortune of the people in the fa tions and of the vicious elements in of the Home Security Savings political life. took opportunity to reward his "In particular, guard the courts." sonal political obligation, and ove The corporations have bought the protests of the depositors appo Albert E. Mead receiver, for you daily papers and are printing falseall remember, Mead had appo noods in order to deceive the people of Kellogg judge. Why should Ke thereby secure the election Benot name Mead as receiver? John A. Kellogg, their candidate. voting on November 5th, please did it matter if the depositors did read his record, SO that you may know gest the name of another? Wha it matter if they did protest ag some of the facts that the daily papers 10 not want you to know. Mead's appointment? Why is Judge Kellogg supported by Here was an opportunity to 1 Mead for his appointment of Kel he corporation dailies of Bellingham and the desires of the depositors Why do these newspapers give more not considered. Will Kellogg rei and print more false statements their ber the corporations if they repace the interest of Kellogg than all him him, as he remembered Mead, ther candidates? They love apopinted him? Mead is an attorney and is paie When the most malicious and trust false of the funds belonging to the d editorials were printed in the itors. He immediately employed lailies before the September n the office primary, of the