447101138 44710
national
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Another Failure. NEW WHATCOM, Oct. 1.-The Blaine state bank of Blaine, of which H. W. Wheeler is president and E. R. Wheeler cashier, has gone into the hands of a receiver. Assets and liabilities not stated. It was the only bank in Blaine and Was a successor to the Blaine National bank which suspended one year ago.
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BANK FAILURE. New Whatcom, Sept. 30.-The Blaine State Bank, of Blaine, of which H. W. Wheeler is president and E. R. Wheeler cashier, went into the hands of a receiver today. The assets and liabilities are not stated. It was the only bank in Blaine and was successor to the Blaine National Bank which suspended a year ago.
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THERECEIVER OUSTED Wheeler Gets His Man in the Blaine National Bank. BUT HE IS ARRESTED HIMSELF. Receiver of State Bank, Goes in at Pistol Point, but Is Compelled to Give Up-People Excited. Excitement has broken out afresh in the difficulties of the Wheelers and their banks at Blaine. They have been operating the Blaine State bank as the successor of the Blaine National bank. which became embarrassed a year ago, and was thrown into liquidation, retaining its old set of officers with H. W. Wheeler as president and E. R. Wheeler as cashier. A few days ago Lester W. David was appointed receiver of the Blaine State bank by the superior court for Whatcom county, and took possession of the property at the point of a revolver. Yesterday the Wheelers made a new move, and having secured the appointment by Judge Hanford, of the Federal court, of R. W. Emmons, of this city, as receiver of the Blaine National bank, they proceeded to Blaine, and are now in possession. The particulars are given in the following special dispatch to the Post-Intelligencer: "Whatcom. Oct. 4.-Special.-Deputy Marshal McGinnis returned from Blaine this evening, having this afternoon under a sweeping order from Judge Hanford. ouster Receiver Lester W. David from the possession of the Blaine State bank and placed R. W. Emmons, of Seattle, in charge of all its books, papers and assets as receiver of the Blaine National bank. to which the State bank is successor, having the same officers and stockholders, the only capital of the latter being the capital stock of the former, which still has a corporate existence. An excited crowd surrounded the bank and witnessed the transfer. David made a formal protest personally and through Senator Dorr, acting as his counsel, but no difficulty occurred. "About the same time E. R. Wheeler, cashier of both institutions, was arrested on complaint of D. C. Pruner, charged with receiving money for deposit in the Blaine State bank when he knew said bank to be insolvent. He will have a hearing tomorrow. He gave a bond of $2,500 for appearance." The Wheelers Charge Conspiracy. In applying to Judge Hanford for a receiver for the Blaine National bank. E. R. Wheeler, who brings the action, says that David was appointed in pursuance of a conspiracy, and that, although he neglected to execute a proper bond. he entered the bank, pistol in hand, and compelled the old officers to get out. Then Wheeler says David forcibly seized the property, including all the records and private papers of the Blaine National bank, together with a large sum of money and one promissory note of great value. By reason of the wrongs and trespasses committed, the deposed cashier claims that the Blaine National bank will be unable to pursue its purpose of carrying the corporation through liquidation. He then refers to David as a man wholly irresponsible, financially insolvent and of bad reputation as a business manager and as an officer, known to be largely in default to the city of Blaine in his office as former treasurer. The petition is supported by the affidavits of L. H. Wheeler and H. W. Wheeler, the latter of whom, in addition to being president of both corporations, claims to hold forty-six shares of stock in the Blaine National bank and five shares in the Blaine State bank, as well as being trustee for a large amount of stock. E. R. Wheeler, cashier of both banks, claims fifteen shares in the Blaine National bank and ten shares in the Blaine State bank, and to be trustee for 274 shares of the former and 100 shares of the latter. He has made the petition, he says, on behalf of all the stockholders except a small minority who have joined the conspirators. Judge Hanford, on appointing Emmons, fixed his bond at $2,000. How the Old Succeeded the New. It appears from the papers in court that the Blaine National bank was organized in 1891 with a capital of $50,000, and continued actively in business until Sentem-
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The Blaine Bank Failure. Whatcom Oct. 5.-Special.-The Blaine bank affair is about as complicated in a small way as the Northern Pacific receivership matter is in a large one. The Emmons receivership is in the interest of the Wheelers, and it looks now as If they have the best of It. It is alleged that the appointment of David as receiver of the state bank was made solely upon an ex parte showing. and without any evidence whatever in support of the general allegation of insolvency. And further, It is alleged that the three directors whose affidavits supported the application of Stone for the appointment of the first receiver are themselves indebted to the bank in the aggregate amount of about $10,000. The Blaine National Bank corporation has never been dissolved, and its capital stock has constituted the only capital of the newer institution which undertook, with the same officers. to settle up the former's affairs. Judge Hanford's sweeping order respecting Emmons' receivership of the Blaine National does not dismiss David from the receivership of the state bank, but simply places him in the position of holding the bag with nothing in it.
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David Ordered to Deliver the Books. The only new development in the conflicting receiverships of the Blaine Nation bank and the Blaine State bank Was an order from Judge Hanford given to Receiver Emmons. of the National bank, requiring Receiver Lester W. David, of the State bank, to deliver to Receiver Emmons certain books claimed to belong to the National bank, or show cause for not doing so by next Monday.
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An Alleged Banker's Conspiracy. SEATTLE, WASH., Oct. 12.-Lester W. David, receiver of the Blaine State Bank, who recently was compelled to surrender to R. W. Emmons, r , eiver of the Blaine National Bank, property alleged to Belong to the latter institution, has filed an affidavit in the United States Court, alleging conspiracy to loot the National Bank, and for that purpose, he says, the State Bank was organized, while the National Bank still preserved a corporate existence. H. W. Wheeler was president, and E. R. Wheeler, cashier of both institutions, and Receiver David cites Transactions in alleged furtherance of the conspiracy, the practice of the Wheelers being to realize on the assets. of the National Bank deposit the money in the State Bank, and then borrow it on their individual account.
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Blaine Bank Case Argued. In the case of the Blaine National bank against Lester W. David, receiver of the Blaine State bank, a motion to vacate the order appointing a receiver of the National bank was argued and submitted to Judge Hanford yesterday. The argument was upon the jurisdiction of the Federal court, and Judge Hanford will hand down his decision today. J. T. Ronald. David's counsel, contended that the court had no jurisdiction in the case, because all the parties to the suit are domiciled in the state. He claimed that the appointment was in the interest of the Wheelers.
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PERSONAL. W. E. Schricker, banker of La Conner, is at the Butler. H. C. loward. of Mount Vernon, attorney. is sit the Diller. P. Mo loy, of Edison, lumberman, is register I at the Diller. Norto D. Walling, ex-mayor of Everett, is a the Northern. Rev. A. Sample, of Port Townsend, is stayir : at the Butler. J. W. Iume, of the Port Angeles salmon cannery is at the Butler. Lester W. David, receiver of the Blaine National bank, is at the Butler. J. H. Bloedel, of Whatcom, manager of the Blue Canyon Coal Company, is at the Butler. E G. English, of Mount Vernon, of the logging irm of English & McCaffery, is at the D ller. Mr. 0. S. Lattimore. of Fort Worth. a promine t Texas attorney, was in the city for a fe / days, leaving for Olympia yesterday. Mr. J. B. Yakey and Mr. H. W. Martin, two pro ninent county officers from Stdney, Kit sap county spent Wednesday in the city J. Tich er, of Rochester, N. Y., is at the Butler. Mr. Tichner is a member of the firm of Tichner & Jacobl, large wholesalers of Rochester. Mr. M. Prager leaves today for San Francisco to take charge of the Red Front there, ille Mr. Ike Prager will continue to mana ce the business here. Louis Garesche, formerly of the Lang Fish Co mpany, is in the city on his way to New York to engage in business there, and is gistered at the Butler. Mr. J. M. Hixon, who has been confined to his rd xm for several days with a severe cold, is recovering and expects to be at his busir SS again in a day or two. Mr. as 1 Mrs. John C. Michel gave a family d aner on Christmas day, at which were pre sent Mr. H. Michel, Mrs. Michel, Mr. Loui 9 Michel, Mr. George Michel, Mr. William Dohel, Miss Lizzie Roth and Mr. M Grass Mr. E. Reber still lingers with a wearisome ape il of sickness in Providence hospital H is well cared for, and his nurse yesterdaj reported his temperature favorably redu ced, and said that his sound rest for the 1s st few nights had been extremely favora ble. If no relapse occurs he will be able ( sit up in a few daya
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# PERSONAL. F. G. Kelly, a logger of Arlington, is at the Diller. W. T. Forrest, state land commissioner, is at the Butler. Willis Thorp, mining man of Alaska, is at the Northern. M. N. Norton, a milling man of Tacoma, is at the Stevens. C. D. Kimball, postmaster of Mount Vernon, is at the Diller. W. G. Douglass, a rancher of Stanwood, is registered at the Diller. Lester W. David, receiver of the Blaine National bank at Blaine, is at the Butler. Miss L. P. Bates, of Willows, Cal., is visiting the city, the guest of her sister, Mrs. J. O. Thompson. H. W. McNeil, formerly receiver of the Oregon Improvement Company, and his niece, Miss Little, are at the Rainier-Grand.
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LAWYERS AND BANKERS. Mr. Payne, of Whatcom, Reviews Mr. Thompson's Letter. The Northwest Republican, published at Blaine, under date of June 5, contains a letter written by Tom Payne, a prominent Whatcom county attorney, in answer to a communication that appeared in the Post-Intelligencer of the tssue of May 31, in which Lawyer Will H. Thompson, of this city, gave expression to his views upon the result of the case of the receivership of the Blaine National bank, in which the Wheelers of this city appeared as defendants. Mr. Thompson's letter was brought out by what he claimed was a prejudiced dispatch from Whatcom, printed in the Post-Intelligencer of May 30, under the eaption "The Non-Suit in the Wheeler Case." Mr. Thompson sought to defend Judge Denney's action in granting a non-suit and set forth at length the business methods of the defendants in the conduct of the bank for thirty days prior to the appointment of a receiver by Judge Winn, of Whatcom county, and the subsequent dismissal of the receiver and appointment of another by the Snohomish county judge. Mr. Payne's letter is very suggestive of charges of collusion between Mr. Thompson and some of the jurymen, and in a very broad way bihts at railroad passes, votes and other considerations that might possibly have entered into the case as side issues. Mr. Payne also charges the judge and attorney for the defense with occupying adjoining rooms in their hotel and sneers at the former's sympathy with Mr. Thompson, who is alluded to as having had kidney trouble at the time the case was tried. Mr. Thompson is referred to, in quotation, as "a great lawyer" and the Wheelers as "great bankers." This explanation is given solely at the request of a number of Blaine people who consider that Mr. Thompson's letter was not entirely impartial.
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PERSONAL. Hon. F. C. Harper, of East Sound, is at the Stevens. B. C. Kinleyside, a Richardson merchant, is at the Stevens. E. E. Brehm, of Wilkison, was among yesterday's arrivals at the Butler. Sam B. Stoy, an insurance adjuster of Portland, is registered at the Butler. E. C. Million, a Mount Vernon attorney is among the arrivals of yesterday at the Stevens. William J. Jones, a shipping broker of Port Townsend, is a guest of the Hotel Northern. Attorney J. P. House and wife and Mrs. D. E. Kimball, of Mount Vernon, are at the Butler. Norman Tucker, receiver of the street railway lines of New Whatcom, is stopping at the Butler. John W. Troy, of Port Angeles, auditor of Clallam county, arrived at the Northern hotel yesterday. Joseph Irving, manager of the Monte Cristo hotel at Everett, registered at the Northern last evening. Henry Smith, who registered himself as from Arizona, arrived at the Rainier-Grand hotel last evening. Mr. R. P. Wright, connected with the San Francisco Bridge Company, is stopping at the Rainier-Grand. Lester W. David, postmaster at Blaine, who is also receiver of the Blaine National bank, is among the Butler's guests. Hon. Henry Landes, a leading banker of Port Townsend, arrived in town yesterday, and registered at the Hotel Northern. Capt. C. C. Berkholm, of the schooner Inca, now loading at Kerry's mill for Kobe, Japan, is a guest of the Hotel Northern.
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Federal Court Affairs. Judge Hanford yesterday issued an order addressed to J. B. Dawson, recelver of the Columbia National bank, of New Whatcom, authorizing the sale of land, part of the bank's assets, and the settlement of claims by compromise. The order was Issued upon a petition signed by the receiver. The report of A. H. Ross, receiver of the Blaine National bank. was filed in Judge Hanford's court yesterday. The filing was made a. part of the case of Addie 8. Bryant vs. the Blaine National Bank et al.