Tacoma Trust & Savings Bank (Tacoma, WA)

Episode Information

Episode UID
3481150391149
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
348115039 hash
Start Date
September 13, 1895
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
94e7a09ed0f3ac30

Response Measures

None

Description

Receivership and insolvency documented; missing books and alleged misappropriation cited as causes.

Events (3)

1. September 13, 1895 Receivership
Newspaper Excerpt
That he proceed with all convenient speed to prepare and file a specific schedule of the assets and liabilities of the said bank corporations... That said receiver proceed to collect the debts owing to and all property of said bank corporations...
Source
newspapers
2. September 13, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Institution insolvent amid missing books, alleged looting/misappropriation and large city deposits unrecoverable.
Newspaper Excerpt
Tacoma, Sept. 13.-Special.-The question of who would be appointed receiver of the Tacoma Trust and Savings bank and the Bank of Tacoma was settled this morning, when Judge Stallcup appointed A. R. Titlow to the position.
Source
newspapers
3. September 19, 1895 Other
Newspaper Excerpt
The Tacoma Trust and Savings Bank, Tacoma, Washington, assigned on the 19th. Liabilities $379,000 'sound' dollars.
Source
newspapers

Newspaper Articles (11)

Article from The Seattle Post-Intelligencer, June 23, 1894

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THE BLOTTER. UNITED STATES COURT-HANFORD, J. United States vs. Adam Smith et al. (Commonwealers)-Contempt of court; George E. Gordon discharged from King county jail on court's own motion. Day Bros. vs. Sunset Telephone and Telegraph Company-Verdict for plaintiff in sum of $1,395.22 Bessie Horton vs. Dexter Horton-Suit for damages for death of Darius Horton; non-suit. Theodore B. Wilcox vs. D. T. Denny et al.-Report of Eben Smith, referee; approved. CIVIL DEPARTMENT-OSBORN. J. First National bank of Schuyler, Neb., vs. Frank Hunt et al.-Continued at defendants' costs to September 5. Fremont Milling Company vs. School district No. 73-Judgment in sum of $120 and costs: signed. Sarah M. Adams vs. John Collins-Default and judgment in sum of $525.66 and costs; signed. R. N. Williams vs. Puget Sound National bank-Defendant's motion for nonsuit; granted; judgment; signed. J. W. Hart VS. C. B. Livermore-Transferred to criminal department. First National bank of Fond du Lac, Wia., VS. Frank Hunt et al.-Judgment for plaintiff amount of note and interest. Frye & Bruhn Comany vs. Romano Quagliotti-Orgerfor writ of restitution; bond fixed in sum of $300; signed. PROBATE DEPARTMENT-LANGLEY. 3. Estate of Gideon Brownfield-Petition for probate of will and for letters of administration; continued one week. Estate of Harriet Schlotman-Decree appointing Henry Schlotman administrator; bond $200. Estate of Patrick Gallagher-Motion and affidavit for order to show cause; passed. Insanity of Silena Long-Decree of commitment. Estate of Louis Jacobs-Order for sale of personal property. Estate of George Sydney-Proof of notice to creditors. Estate of James Hambiin-Final report of special administrator; petition for letters of administration. CRIMINAL DEPARTMENT-HUMES. J. West Coast Manufacturing and Investment Company vs. Lester Turner, administrator-Motion to discharge garnishment; granted; plaintiff excepts; $20 for attorney fees. D. P. Thompson, receiver. vs. Thomas Devine-Order substituting Portland Savings Bank as receiver; signed. Charles W. Glover VS. O, M. GloverDivorce; continued pending arrival of depositions. In matter of estate of Louise Jacobs, deceased-Order for sale of personal property. Wade vs. Wade-Divorce; decree for failing to provide; signed. J. W. Van Brocklin vs. Candace Van Brockiin-Divoree; called by agreement: plaintiff makes no appearance and decree granted on ground of cruelty, and decree as to property as per stipulation. Tacoma Trust and Savings bank vs. Gaston, receiver-Default of L. E. Post and J. C. Brockenbaugh entered; judgment. Lorinda E. Van Valkenburgh vs. F. S. Van Valkenburgh-Divorce; decree ground adultery; signed. Dotha A. McKelvey vs. L. T. Turner, administrator Order appointing guardian; signed. In matter of Charles F. Ireland-Habeas corpus: referred to justice court. State vs. Florence La Salle John Brown, complaining witness, failing to appear, case dismissed for want of prosecution. State vs. Harry W. Knowlton-Defendant's counsel making showing that he has to be in another county on the 25th; continued to September. W. Smith vs. J. E. Aken et al.-Default; signed. J. Furth vs. G. W. Smith-Permission to attach exhibit: granted. Anna Wright Seminary V8. C.S. Salisburry-Confession of judgment; signed.


Article from The Progressive Farmer, September 3, 1895

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A FEW "HONEST MONEY" MEN. Henry Bier, a New Orleans millionaire, has been convicted of perjury. M J. Hart, a prominent capitalist at New Orleans, is charged with perjury in six cases. one for subordination of perjury, and two for obtaining money on false pretences. W. W. Taylor, defaulting State Treasurer of South Dakota, pleads guilty. The amount stolen was $367, 023 84 Every dollar of it was "sound." Judge O Neill decides that the Commercial bank at Cincinnati was "unsound" months before it was closed, and that the officers should be prosecuted. The Bank of Shelby, at Memphis, Tenn, closed on the 13th. The depos itors will probably lose 95,000 "sound" dollars. W. T. Saunders & Co., grocers, Durham, N. C, have been stranded by the wave of prosperity. We warn the public to look out for such things in these "sound money" days. Joseph L Lee, Lynchburg, Va, grocer, got caught by the wave of returning prosperity. Liabilities $10,000. Charles A Joseph, 'sound money" passeng er agent of the Little Rock and Memphis Railroad, is short in his accounts $2,000 (s)und). Jesse C. Jones, lumber dealer, Minneapolis, Minn, has assigned. Liabilities $159,000 (sound). The Illinois Mutual Fire Insurance Company, Chicago, is 40,000 "sound" dollars short. The wave of returning prosperity did it. F E Schoenberg, manufacturer of picture frames, St. Louis, Mo, is in the soup via the prosperity wave. The Tacoma Trust and Savings Bank, Tocoma, Washington, assigned on the 19th. Liabilities 379,000 'sound" dollars. The Augusta, G. Evening News has suspended. It struck against the wave S of goldbug prosperity. Librarian Spofford, of Washington, d D. C., is the latest recruit to the "hon e est money" league. He has stolen $35,000 from the Government, and that I puts him in full fellowship.


Article from The Seattle Post-Intelligencer, September 14, 1895

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TITLOW IS RECEIVER Of Boggs' Tacoma Bank, Which Holds City Money. HISTORY OF ABERCORN'S RAILS. Gray's Harbor Fishermen on StrikeFederal Prisoners Held at Tacoma For Board BIII. Tacoma, Sept. 13.-Special.-The question of who would be appointed receiver of the Tacoma Trust and Savings bank and the Bank of Tacoma was settled this morning. when Judge Stallcup appointed A. R. Titlow to the position. Here are the instructions the court ordered: That he first file his oath as provided by statute; likewise his bond in the sum of $400000, first presenting the same to the court for approval. That he proceed with all convenient speed to prepare and file a specific schedtile of the assets and liabilities of the said bank corporations. That he recover the missing books of account of said bank corporations. That he look into the matter and see If the criminal laws of the state have been violated in carrying away or secreting any of the books or property of the said bank corporations, or in the manipulation of the affairs thereof, or of the money of the defendant city In connection therewith, by the officials of said city or the said bank and bring to the attention of the prosecuting attorney the evidences of such offense, If any there be, to the end that such offenders may be apprehended and brought to trial upon such charges as may be made. That If it becomes necessary In carrying out this order to have requisition or extradition for any who have departed from the state. then he is to report the facts relative thereto to the court that proper orders may be made touching the same. That upon the filing of said oath and bond the said defendant Alexander give and hand over to the said receiver all the books, papers, moneys and assets of the said bank corporations under his control, likewise such information, if any he may have, of any not under his control. That said receiver proceed to collect the debts owing to and all property of said bank corporations, and the said parties here and all other persons having any of said property in their possession or under their control, are hereby ordered to deliver the same to said receiver, and all persons owing or having any such money belonging to said bank corporations are hereby directed to pay over the same to the said A. R. Titlow, as such receiver on his demand. That the said receiver proceed without unnecessary delay to convert the said property assets to money and distribute the same to the creditors ratably under the orders of this court. That for any legal assistance or advice required or desired by the said receiver in the discharge of the duties of this trust he is directed to apply to Mr. Bogle or Mr. Jordan, or both, who are hereby appointed for that purpose. The city attorney was given until Monday morning to make up his mind whether he will dismiss the suit of the city against the bank or plead to the answer. The probabilities are that he will abandon the action, as all he was suing for has been obtained in the Olsen suit, and while the city has been nominally a defendant to that suit, It was no secret that the city attorney was on the best of terms with Mr. Olsen's attorneys, and he took no exception to the order of this morning, but appeared pleased with the same.


Article from The Seattle Post-Intelligencer, October 7, 1895

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RECEIVER TITLOW'S SENSATION. Mysterious Dealings of the Bank of Tagoma Coming to Light. Tacoma. Oct. 6.-Special.-The publication in today's Post-Inteiligencer that the Washington National bank. of Seattle, was buying in certificates of deposit on the defunct Bank of Tacoma at 100 cents on the dollar created a marked sensation here. A flood of light has been shed on the dark and mysterious dealings in the bankrupt institution by the affidavits in Receiver Titlow's possession, and many things that have heretofore appeared it. explicable are now being accounted for. Receiver Titlow and the city officials pre very anxious to ascertain what, if any, assets of the late Tacoma Trust and Savings bank are held by the Seattle bank and Attorney Jones. It is general Y CCI:ceded that the Washington National bank must be supplied with funds by some one to buy in accounts at their face value of the insolvent Tacoma bank In order to ascertain just what assets are hell in Seattle, if any, it is necessary to have the books of the Tacoma Trust and Savings


Article from The Seattle Post-Intelligencer, October 23, 1895

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BANKER ALLEN GUILTY. Of Withdrawing and Secreting the Bank of Tacoma's Books. Tacoma, Oct. 22.-Special.-Judge Pritchard's court room was filled with people this afternoon at the termination of the trial of W. B. Allen, E. S. Alexander and Frank Carpenter for contempt of court in not turning over the missing books of the Tacoma Trust and Savings bank to Receiver Titlow. The attorneys on both sides had consumed part of yesterday and nearly all of today's session of the court in their arguments. They finished at about 3:30 o'clock, and Judge Pritchard immediately rendered his decision. The court held that Mr. Allen was guilty of contempt of court, and that he knew where the stolen books are and could produce them in court or could give the court information which could lead to their recovery if he was so disposed. As to Messrs. Alexander and Carpenter, Judge Pritchard held that they were not responsible for the loss of the books, and they were therefore released from further liability. The scene was a very impressive one as Judge Pritchard, in clear, measured tones, delivered his decision. It was an able, concise and logical statement of the facts in the case, Judge Pritchard said that there ought to be a way for the courts to prevent banks from going into insolvency and keeping the record of their transactions from the public by destroying or secreting their books. The court reviewed the connection of Alexander and Carpenter with the case, and showed that they would have no reason to hide the bank's records from the public. The alIbi question was not gone into, the judge apparently placing little If any importance on the Seattle trunk mystery. A1Ien's position as head of the Bank of Tacoma and his intimate knowledge of its affairs were touched on. and the court ended by declaring that he alone was guilty of contempt in either making away with the books or else refusing to disclose to the court their whereabouts. Mr. Allen was ordered committed to fail until he would tell what he knew about the books. His attorneys asked for a three days' stay of proceedings until they could prepare an appeal to the supreme court. Judge Pritchard gave them until tomorrow at 2 p. m. when Allen will appear and the appeal bond will be submitted. Allen was released until that hour on his personal recognizance, and the surety of his brother-in-law, ex-Senator J. H. Long, of Chehalis, in the sum of $5,000.


Article from The San Francisco Call, December 16, 1895

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Fred T. Taylor. making a big pile on the outside-all marked "Tacoma." For this pipe suit is about to be commenced by the City, its existence having but recently come to the knowledge of the present City Attorney. The pipe is said to be worth about $150,000. The agent who represents this warehouse is connected with a ship-broker firm on Market street. When the Merchants' National Bank failed, followed soon after by the Tacoma National, the Traders' and others, and the books became subject to inspection, it began to be apparent to the people at large how gigantic had been the combination for looting the treasury. The suicide of Paul Schulze, the later bank failures and the quarrels among the looters themselves have brought all the details before the public. The books of the Tacoma National-Ike Anderson's bank-show that he was a creditor to theextent of $54,000 at the time the bank closed. Nelson Bennett's private secretary stands charged with $40,000, which, he says, was made for the use of Anderson; G. G. Rowe, a clerk in Anderson's office, who is built for taking books from the top shelf, also has a note in the bank for $3000 for Anderson's benefit; Russel T. Joy, collaborator in the good cause, another $3000, gone; J. G. Parker, fatherin-law of Ikey' 's, $3000, gone; Fox Island Clay Works, of which lkey was president, $8000, defunct; Cherry Hill Coal Company, of which Ikey was president, $8000, defunct: Excelsior Park Land Company, of which he was president, $18,000, defunct; Crescent Creamery Company, of which he was a stockholder, promoter and active manipulator, $13,000, defunct; Tacoma Land Company, of which he is manager, $20,000. In the Traders' Bank Anderson owed $140,000, as shown by the record in the hands of the receiver; in the State Savings Bank $2720, and in addition to this and his liabilities in other banks there are judgments of record against him, all taken since the workings of the gang were unearthed. amounting to nearly $200,000. Nelson Bennett appeared on the books of the Merchants' National Bank a creditor to the extent of $30,000, in the State Savings Bank $3000, Tacoma Trust and Savings Bank $12,356 13, Bennett National Bank of Fairhaven $26,500. The Ledger, of which he is proprietor, also appears as a creditor to the extent of $13,000. In addition a judgment for $82,000 was recently entered against him, and many suits are now pending for other sums. Bennett was a director of the Tacoma Trust and Savings Bank at the time that institution was run by Grattan H. Wheeler. When this bank failed it had $228,000 of city money "on hand," but only $450 was found by the receiver. The balance is probably represented by the city warrants that went away in Wheeler's grip. W hen this bank went into the receiver's hands two of the books were missing; the two covering a most important period in its history. For their non-appearance W. B. Allen, the last president of the bank, renamed the Bank of Tacoma, is now under sentence for contempt of court, but the books are out of sight. Like the books of the Tacoma Grocery Company, that gigantic institution manipulated by Charles E. Hale, who is reported to have made $60,000 by the failure of his company, the books of the bank are as utterly beyond the sight of man as though burned in the "hell" of the old town mill, a fire that goes not out from year end to year end. H. O. Fishback, cashier of the Tacoma National, was a debtor to the bank to the extent of $8000. He was retained by the receiver to assist in winding up the bank's affairs, and when the receiver took steps to secure the $8000, Mr. Fishback promptly confessed judgment in favor of Eastern relatives to the amount of over $30,000. Fishback is now the Deputy City Treasurer. Samuel Collyer, the bright light and secretary of the Chamber of Commerce and grand fugleman of the Occidental and Oriental Fair which is to be held in Tacoma in the year of grace 1900, was a debtor to the bank of which he was cashier to the extent of $34,000, while his associate was in for $150,000. W.B. Allen, president of the Bank of Tacoma, which had $228,000 of city money "on hand," was a debtor individually and as a principal stockholder in sideshow corporations to the extent of nearly $150,000, while Boggs shows up in the same institution for $61,000. Other members of the city gang were in for various sums, large and small. C. A. Cavender, chairman of the Finance Committee of the City Council, who was brought before the bar of the Council last week, is accused of using his official position to extort moneys from the bank upon the pledge of his influence to deter the city from making demand for its deposit. Charge six against Mr. Cavender is to the effect that he instead of endeavoring to secure to the city its money from the Bank of Tacoma used his influence as chairman of the Finance Committee to obtain money out of the bank for his own personal use to the damage of the city and in bad faith; that during the months of April, May, June and July, 1894, while pretending to be unable to obtain any money for the city from said bank he did, by reason of his dishonesty and dishonorable dealings, obtain from said bank large sums of money, in all $4000. M. M. Taylor, president of the Board of Public Works, lately deposed for demanding $1000 rake-off from the Columbia National Bank for his influence in preventing


Article from The Seattle Post-Intelligencer, June 18, 1896

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BANKER ALLEN NOT IN CONTEMPT Didn't Take Books From Court-Not Proved That He Had Them. Olympia, June 17.-Special.-The supreme court today handed down an opinion in the case of the state ex rel. Isaae Olson and A. P. Tilton, receivers of the Bank of Tacoma and Tacoma Trust and Savings bank, respondents, vs. W. B. Allen, appellant, Frank Carpenter and E. S. Alexander, defendants. This was an av peal from the judgment and sentence finding Allen guilty of contempt of court. The respondent moves to dismiss on the ground that such judgment is not appealable, but as the right of appeal seems to be expressly given by section 791, volume 2, of the Code, the motion is denied. The alleged offense consisted in the violation of an order of court for Allen, who was not a party to the original action, to produce certain books belonging to the Tacoma Trust and Savings bank, for which a receiver had been appointed, but the affidavit failed to show that he had had the books in his possession or under his control. The contempt was not one committed in presence of court, and the supreme court holds that the position of the appellant is well supported by the authorities, that an affidavit used as a basis for the institution of such proceedings must show that it is in the power of the party prosecuted to comply with the order of the court. The fact that proof was subsequently introduced upon the trial tending to show that he did have possession of the books is immaterial, for It was necessary that there should have been a sufficient affidavit In order to give the court authority to proceed with the hearing. Judgment is reversed.


Article from The Seattle Post-Intelligencer, August 9, 1896

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THE BOGGS IdenCity of Tacoma May Be of Able Them. to tify Aug. $162,000 8.-Special.-The problem paying providing ways expenses. Including JOLE the deligquent salaries the city council this rewas again It came up in the of the counof Tacoma, city's running before committee and means of city informal employes, the general by Treasurer ell port afternoon. appointed of outstanding the special to prepare an ordinance fund warrants fundhad not been was composed Councilmen Boggs. The Norton of and ascertaining Whitty. the num- purwas left the warrants task that had as been cash bers of the and deposited ing which the committee paid To them The of in chased banks by that have been since to omit the Boggs has failed. ordinance, these council's warrants from owners to go into thus require that their they have not been court redeemed and prove with city made funds. a verbal once-paid once and purpose Norton the that the reCouncilman which he said purport today, that in undoubtedly amounted had been to $162,warrants with city the funds committee could found deas far That as is, the committee evidence that 000. chased termine. procure had exceedto an amount It aggregating purchased by that and given deposited had in as bank. they Heretofore have been ing the warrants impossible estimated been Boggs warrants. to aggregate Boggs have been from that up to than $300,000. and that his comnot less Mr. Norton said to had found it amount of mittee $400,000. called. impossible large expected procure the to find warrants report evidence without regarding which difficulty. it a had been of the committhere something According was to deposited the In like the $107,000 Columbia of National bank in the German bank State Savings and Savings in the the Tacoma Trust warrants, tee, Savings known $10,000, bank the $15,000. Bank of Tacoma, Trust and Savof received from Boggs went out of $32,000. bank successor and that bank. in It the has Tacoma been he generally which over was $200.- the in warrants 17, 1894. It has of warrants fice on of the the day the bulk as cash up to the 000 ings that April when $212,000 been believed Bank his ofwhich he held deposited in the Bogas term expired otherwise was known has as evidently bank. But the to discover evidence in Boggs' ofof been Tacoma, committee of this the although the employes general way. In the fice knew of it in a remembered Savings it will Tacoma be Trust and Receiver fact. unable that of turned appointed up to take affairs by Judge by the council. made. after to take its books bank connection Titlow It w28 of was decided the missing Stallcup. was when charge at the a of the committee evening, when be into thoroughly. First a special report recess session till Monday the funding matter will ward. Introduced gone Councilman a resolution Harris, of pledging further the the with coun- suit the to refuse to the proceed warrants until the Sternberg by from paying is ell brought urer funding of R. A. Gove. funded, restraining salaries withdrawn. Treas- bring until the warrants resolution are was intended the to treasury about Haris' the back release salaries of $100,000 can in be paid. by the The folvote: Ayes 5. resolution so that was deteated. Coats 9 to Harris, Hartman. Parker Hice, Holgate, 9. lowing Bulger, Chandler, and Blevens Scully, and Noes-Bell, Whitty. of Kleeb, the Norten, Sampson, of the members the warcouncil without submitting proposed action Although are some in favor this of funding them to the peorants the legality of until a decision is ple, will not be determined sent up to the supreme tion received in a case county. in which raised. the quescourt as from to the this council's power is


Article from The Seattle Post-Intelligencer, December 4, 1896

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Fawnett Liable as Surety. Taepma, Dec. 3.-Special.-Angelo Vance Fawebit. erstwhile mayor of Tacoma, regrete now that he was induced to sign the note of J. J. Malone for $1,000, as a surety, to accommodate Gratton H. Wheeler, secretary of the Imperial Loan & Trust Ca. In fact, Mr. Fawcett is sorry he ever had anything to do with that institution. Today the jury in the case of Titlow against Malone and Fawcett brought in a verdict for the plaintiff, who is the receiver of the Tacoma Trust and Savings bank. The note is a part of the assets of the bank. Fawcett resisted on the ground that he was only a surety and got no benefit from the note. Counsel for the defendants will appeal to the supreme court.


Article from The Seattle Post-Intelligencer, September 1, 1897

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IN A SLIGHTLY BETTER FIX. Tacoma Finances sull Muddled, but Cash In Paid. Special Dispatch to the Post-Intelligencer. TACOMA. Aug. 31.-The biennial report of Controller Benham, just issued. shows an increased volume of business during the twenty-two months It covers. Instead of embracing two years, as the title of the report would indicate, but twenty-two months are considered. because of the charter amendment making the fiscal year begin on January 1 instead of March 1. In summarizing his report, the controller says: "In the compliation of this report the general fund and city hall fund warrants Issued prior to April 19, 1894. amounting to $869,415.07, have been treated as valid and unpaid outstanding obligations of the city, for the reason that practically the whole amount is now in litigation and It is impossible at this time for this department to determine accurately which warrants have been once paid and reissued by the city treasurer and which have not. The city was enjoined in the case of Murray against the city of Tacoma from paying any of these warrants, but the Injunction is supposed to cover some warrants that were never cashed and reissued. The cash shown in the various funds is the amount which should be In said funds, as no deduction is made for money due the city from failed banks and former city treasurers. "The amount of money actually in the hands of the present city treasurer at this date is $20,445.90. Of the amount of cash shown In the various funds, the sum of $228,664.77 was deposited In the Tacoma Trust and Savings bank (since failed). and the city's claim against the receiver of this bank was on the 29th day of December. 1896, allowed by the court for the sum of $72,000 only. the court holding that the balance was on account of once paid warrants deposited in that bank." From a general standpoint the report of the controller shows the city to be in a somewhat better financial condition than two years ago. General expense and salary warrants are paid almost to date.


Article from The Yakima Herald, November 10, 1898

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SUMMONS FOR PUBLICATION. / In the Superior Court of the State of Washington, in and for Yakima County. J. J. McCone, plaintiff, vs. Spafford D. McDonald; William A. Cox and Sonora V. Cox, his wife; Albert A. Fitzgeraid and - Fitzgerald, his wife; John Ditter and Gertrude Ditter, his wife; Philip A. Ditter and Joseph E. Ditter, co-partners as Ditter Brothers; Henry F. Stone and - Stone, his wife; A. E. Larsen and Rose Larsen, his wife; Fred Pennington and Ellen R. Pennington, his wife; J. V. Calhoun and - Calhoun, his wife: Mary L. Coe and James R. Coe: Seattle Malting & Brewing Co., a corporation; H. L. Tucker and Emma J. Tucker, his wife: Carrie Krautz and Ira M. Krautz; Keith W. Dunlap; James Biggins and David Walker as executors of the estate of Samuel V. Walker; J. W. Peck and Lillian A. Peck, his wife, defendants. The state of Washington to the said Spafford D. McDonald; Albert A. Fitzgerald and Fitzgerald, his wife; Henry F. Stone and CatStone, his wife; J. V. Calhoun and houn. his wife; and David Walker. one of the executors of the estate of Samuel V. Wilson deceased, defendants. You are hereby summoned to appear within sixty (60) days from and after the date of the first publication of this summons upon you, towit: within sixty (60) days after the 10th day of November, 1898, and defend the above entitled action in the above entitled court. and answer the complaint of the plaintiff and serve a copy of your answer upon the undersigned, attorney for the plaintiff, at his office below stated: and in case of your failur eso to do, judgment will be rendered against you according to the demand of the complaint, which has been filed with the clerk of the above named court. The object of this action is to foreclose a certain mortgage, executed on the 30th day of August, 1894, at the city of Tacoma by the said defendant Spafford D McDonald; which said mortgage is of record in book L of mortgages at page 606; said mortgage secured a certain promissory note dated the 30th day of August, 1894. for the principal sum of two thousand, eight hundred and eighty dollars ($2,880), with interest thereon at the rate of ten per cent per an. num, interest payable semi-annually. That thereafter, on the - day of - . 1898, the Tacoma Trust & Savings Bank, for a valuable consideration. duly assigned said note to A. R. Titlow as receiver of the Tacoma Trust & Savings Bank, and thereafter, for a valuable consideration. the said A. R. Titlow, receiver. duly assigned, transferred and set over to the plaintiff herein the same said note and mortgage, and the plaintiff herein is now the owner and holder of said mortgage and note secured thereby. That the further object of this action is to procure a judgment on said note and the unpaid interest, as follows: On the note and