Washington Savings Bank (Seattle, WA)

Episode Information

Episode UID
3934523891129
Episode Type
Suspension β†’ Closure
Bank Type
savings
Bank ID
393452389 hash
Start Date
January 22, 1894
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5cc6b80dc3b609a5

Response Measures

None

Description

A receiver was appointed in early 1894 and the bank remained in prolonged receivership with asset sales.

Events (2)

1. January 22, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended and placed in receivership due to failure/insolvency leading to appointment of a receiver.
Newspaper Excerpt
certificate of deposit for $600 on the suspended Washington Savings bank
Source
newspapers
2. March 10, 1894 Receivership
Newspaper Excerpt
Receiver's Report on Affairs of Washington Savings Bank. The first report of the receiver of the Washington Savings bank, C. M. Sheafe, was filed yesterday, together with a schedule of the bank's resources and liabilities as ascertained by him.
Source
newspapers

Newspaper Articles (11)

Article from The Seattle Post-Intelligencer, March 10, 1894

Click image to open full size in new tab

Article Text

ALL ITS ASSETS ARE GOOD. Receiver's Report on Affairs of Washington Savings Bank. The first report of the receiver of the Washington Savings bank, C. M. Sheafe, was filed yesterday, together with a schedule of the bank's resources and liabilities as ascertained by him. The schedule is as follows:


Article from The Seattle Post-Intelligencer, March 18, 1894

Click image to open full size in new tab

Article Text

Courts and Public Offices. Judge Langley yesterday granted an order allowing C. M. Sheafe, receiver of the Washington Savings bank, to pay employes for services rendered as follows from January 22 to April 1: W. W. Dearborn, bookkeeper, $175; H. W. Higgins, teller, $140; H. Darlington, clerk, $50; Clise & King, exclusive of services on suits in court, $233.33; C. M. Sheafe, receiver, $466.66. Robert Roberts, a native of Wales, was admitted to citizenship yesterday by Judge Osborn.


Article from The Seattle Post-Intelligencer, April 11, 1894

Click image to open full size in new tab

Article Text

A BIG SAUL OVEELOOKED. Confidence Men Neglect a Simple Ranchor With a Fortune on Him. Several confidence men around the police court yesterday were vigorously kieking themselves for having overlooked a good big trick when it was revealed that a poor, dilapidated-looking and apparently feeble-minded rancher named John Pomrebu had been knocking about the lower part of town all night with $1,788.20 in his pockets. About 4.o'cleck yesterday morning Officer Giasscock found Pomrehn leaning against a box car on the water front, apparently intending to climb into it. As Pomrehn, when questioned, could not give a very clear account of himself and his actions seeming suspicious, the officer took him to the station. Glasscock asked him if be had no money to get a bed with, and Pomrehn said yes he had money, but did not want to go to bed. He talked queerly, hardly comprehending what was said to him, with a stolid look of utter indifference upon his countenance. The officer thought be was a hobo and that he was safer in jail than roaming around at that hour of night. His surprise can be imagined when,a small fortune was fished out of bis pockets in the shape of certificates of deposit, notes and cash. He was given a hearing before Judge Glasgow and wore the same look of stolid indifference as when arrested. He said he had been living on a claim on the StillΓ‘guamish for the past ten years and had come to this country from Germany eleven years ago, having lived in Nebraska and Oregon before coming to this section. His hands were very much swollen as if they had poisoned, and he could not give any reason why he came to Seattle. He looked thin and emaciated and apparently had worked and starved himself almost crazy. On being released and going to the jail office for his money, he paid no attention to Clerk Fleming while it was being counted out to him, and when repeated efforts were made in ,vain to get him to pay attention to the matter the police officers decided that the man was demented and that it was not safe to let him have so much money without informing his friends. Among his papers was a receipt from Thompson, Edsen & Humphreys, who were telephoned to come up to the station. A representative of the firm came up and said his tirm had a certificate of deposit for $600 on the suspended Washington Savings bank which it was trying to collect for Pomrehn, and he thought that perhaps the fear of losing the money had something to do with his derangement. He succeeded in persuading Pomrehn to go to the hospital for a few days, his money and effects meanwhile remaining at the police station. By this action of the police the confidence men were deprived of their prey a second time.


Article from The Seattle Post-Intelligencer, August 19, 1894

Click image to open full size in new tab

Article Text

The Indorsements Were Forged. W. W. Dearborn et al., representing the Farmers' National bank, of Bryan, O., have filed a petition in the superior court against the Washington Savings bank, of Seattle, in which the receiver is asked to return $400 to them. It says that the Ohio bankissued in Hamilton four certificates of deposit for $100 each, which were presented to the Washington Savings bank and paid, It seems that Hamilton's indorsements were forgeries, unknown to the Seattle bank, and not discovered by the Ohio people till they had settled with the bank in this city, Receiver Sheafe has refused to pay the $400, and hence the potition.


Article from The Seattle Post-Intelligencer, February 21, 1896

Click image to open full size in new tab

Article Text

Sult to Recover on a Note. An action was begun in the superior court yesterday by C. M. Sheafe, receiver of the Washington Savings bank, against the Green Lake Home Building and Guarantee Company et al., for $3,207.65, on an assigned note and mortgage. The transaction dates back to January 22, 1894, at which time W. W. Dearborn accepted a promissory note of the building and guarantee company for $5,382.65, taking as security a mortgage on a lot of property on Green Lake Some $2,700 was paid on the note, when Dearborn sold It to the WashIngton Savings bank. W. D. Wood and Emma W. Wood claim to have some right in the mortgaged premises, but the bank says their claim is subservient and junior to its mortgage.


Article from The Seattle Post-Intelligencer, April 2, 1897

Click image to open full size in new tab

Article Text

NOTICE IS HEREBY GIVEN that on Saturday, April 17, 1897, at 10 o'clock in the forenoon, I will sell at public auction to the highest and best bidder, at the entrance to the Colman block, in the city of Seattle, the following personal property belonging to the estate of Hugo A. Kohler. deceased, viz.: A certificate of allowance of a claim against the Washington Savings bank, issued to me by the receiver of said bank March 19, 1894, for $2,500. Also a certificate of allowance of a claim against said bank issued to me by said receiver March 19, 1894. for $56.83, upon each of which a dividend of fifteen per cent. has been paid. Dated Seattle, Wash., April 2, 1897. WM. H. BRINKER, Executor.


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

Click image to open full size in new tab

Article Text

IN THE SUPERIOR COURT OF The State of Washington for King County. W. W. Dearhorn, plaintiff. vs. The W No. Ington Savings Bank, defendant. 17,308. Order to show caluse, This cause coming on for hearns the 08 the report of the receiver in regard Wish to sale of personal property of sal, Ington Savings bank held by san ad receiver (i) the 8 on the 20th day of October, 1897. of said receiver that and sale approved petition and confirmed by this court and having read report in (30 and petition the court and being fully vised premises, therefore, the hereby la Now. by reased: is the and the adjudged premises That and stockholders, ordered. any they other parties the wells hereby given a. day of November, 180 at said day, or as soon Tereafter as


Article from The Seattle Post-Intelligencer, January 14, 1898

Click image to open full size in new tab

Article Text

Receiver King's Report. George H. King. receiver of the WashIngton Savings bank. yesterday filed his report for the period in which be has been receiver. The report shows that cash amounting to $11,606.24 has been received and $7,230.26 has been paid out. leaving a cash balance on hand of $4,425.98. On No. vember 19. 1897. a fourth dividend of 5 per cent. on the approved claims against the bank was declared from the proceeds of the sale of certain real estate.


Article from The Seattle Post-Intelligencer, May 14, 1899

Click image to open full size in new tab

Article Text

THE receiver of the Washington Savings bank has a number of lots in Seattle suitable for homes, which he is instructed to sell very cheap: early buyers ge: the choice: lista furnished on application. $3 Roston block.


Article from The Seattle Post-Intelligencer, May 27, 1900

Click image to open full size in new tab

Article Text

RECEIVER'S SALE-The receiver of the Washington Savings bank must sell, by order of court, a number of choice lots in Green lake, Ballard, Queen Anne, North Seattle and elsewhere; also acre property in King and Kitsap counties; prices low: terms easy; call for list. Room 53 Boston block.


Article from The Seattle Post-Intelligencer, July 15, 1900

Click image to open full size in new tab

Article Text

Koe down secures best bargain in Seattle, six-room cottage and store, new buildings, modern throughout; close in; pays over 25 per cent on investment; price badly cut again; no fake genuine sacrifice to raise $500 immediately; don't listen to talk: see for yourself. Owner and buildings, 1219 Denny way. Lake Union car. # RECEIVER'S SALE The receiver of the Washington Savings bank must sell, by order of court, a number of choice lots in Green lake, Ballard, Queen Anne, North Seattle and elsewhere: also acre property in King and Kitsap counties; prices low; terms easy; call for list. Room 53 Boston block.