Bank of Auburn (Auburn, WA)

Episode Information

Episode UID
9291278291160
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
929127829 hash
Start Date
August 1, 1896
Location
Auburn, Washington (47.307, -122.228)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
315df094da85f29b

Response Measures

None

Description

Newspapers show suspension and receiver appointed; OCR gives conflicting receiver initials (B./S. D. Pulford) and later A. H. Boyd as receiver handling wind-up.

Events (2)
1. August 1, 1896 Receivership
Newspaper Excerpt
The Bank of Auburn closed its doors yesterday morning, and in the afternoon went into the hands of B. D. Pulford, as receiver... receiver's bond was fixed at $10,000; A. H. Boyd later named receiver to wind up affairs in other reports and sale filings were made by receiver Boyd in 1897 and dividends ordered in 1897; 1897 receiver's reports filed and dividends paid out in 1897-04 and 1897-12 entries included in papers.
Source
newspapers
2. August 1, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed due to financial stringency, inability to realize on assets, insolvency; liabilities reported roughly $16,000–$25,000 and assets mainly real estate.
Newspaper Excerpt
The Bank of Auburn failed to open for business this morning... owing to the stringency of the times and the shrinkage in values, the business could not be longer continued.
Source
newspapers

Newspaper Articles (11)
1. August 2, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 2, 1896

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New Suite Filed. Actions were begun in the superior court yesterday as follows: F. M. Guye and E. W. Guye vs. John Fletcher et ux.-Restitution of premises at 1231 Third avenue. and double rent, $38. Northwestern and Pactfic Hypotheek bank vs. Alfred Hultgren et al-Promissory note and mortgage, $6,247.55. Northwestern and Pacific Hypotheek bank vs. Minnie Galloway et al.-Promissory note and mortgage, $1,200. C. M. Sheafe, as receiver, VS. Lydia H. Kelloge et al.-Promissory note and mortgage, $125. W. J. Lunn V3. Bank of Auburn-To recover deposit. $36.02; order appointing S. D. Pulford receiver. C. M. Sheafe, as receiver, vs. the city of Seattle-To recover on warrants for Baker street improvement, $300.

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

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AUBURN BANK FAILS. With Liabilities Amounting to About $21,000. S. D. PULFORD MADE RECEIVER, County Superintendent Layhue Completes the Apportionment of School Funds in the Treasury. The Bank of Auburn closed its doors yesterday morning, and in the afternoon went into the hands of B. D. Pulford. as receiver, on the application of W. J. Lunn. The complaint states that on July 29 Lunn deposited $150 subject to check, and afterward drew a sight draft for $36.02, but the bank refused payment because of no funds. Yesterday morning at 9 o'clock the bank closed its doors and posted a notice that owing to financial stringency and inability to realize on its assets it was necessary to go into liquidation. The liabilities are said to be in the neighborhood of $21,000. The bank, through its cashier, G. S. Fitch, filed an answer admitting all the allegations of the complaint except that it was insolvent and had forfeited its charter. The receiver's bond was fixed at $10,000, and his salary for the present will be $60 a month. The Bank of Auburn was incorporated in September, 1893, by Richard Jeffs, George S. Fitch, John P. White and B. E. Hoye, of Auburn; E. R. Lillenthal, P. N. Lilienthal and 1gn. Steinhart, of California, and G. W. Fitch, of New York. The capital stock was $40,000 and the officers were as follows: President, Richard Jeffs; vice president, John P. White; cashier, George S. Fitch. County Treasurer Maple had $4,331 of the county's money deposited in the bank. Auburn, Aug. 1.-Special.-The Bank of Auburn failed to open for business this morning, a notice on the door stating that, owing to the stringency of the times and the shrinkage in values, the business could not be longer continued. The liabilities are $16,000, about half of which is due to local depositors. The assets, which consist largely of real estate, are about $50,000. The Institution has been very conservatively managed by Cashier G. S. Fitch. and possessed the confidence of the entire community.

3. August 3, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, August 3, 1896

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Failure of an Auburn Bank. SEATTLE, Wash., Aug. 2.-The Bank of Auburn, at Auburn, King County, suspended payment yesterday. The liabilities are about $25,000. E. R. Lilienthai, P. N. Lilienthal and I. Steinhart of San Francisco are the principal stockholders.

4. August 19, 1896 Elmore Bulletin Rocky Bar, Mountain Home, ID
Article from Elmore Bulletin, August 19, 1896

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Washington. The attempt at Kennewick to assess the district for irrigation purposes was voted down at the recent special elestion. Henry Seiffert, who shot and killed L. H. Platter in the courthouse in Spokane on the first of this month, has been denied bail, and committed to jail to await trial. Assessor Carpenter, of Yakima, pounced upon a band of 8,400 migratory sheep belonging to A. Andrews & Sons, of Oregon. Mr. Andrews cheerfully paid the tax. The Methodist Episcopal Columbia River conference, which embraces Eastern Oregon, Eastern Washington and Northern Idaho, will convene at North Yakima August 26. The aggregate value of all assessable property in Yakima county as equal. ized by the county commissioners is $4,120,882. The total tax levied for 1895 was $106,759.21. W. A. Mears, of Portland, who has business connections in Japan, has given the Bell. Lumber Company, of Everett, an order for 1,000,000 feet of lumber to be shipped to Japan. The Fairhaven National bank closed its business as a banking institution on Friday, and is paying off its depositors in full. It is voluntarily liquidating the indebtedness, which is said to be small. The Bank of Auburn has suspended payment, and its affairs will be imme) diately wound up by A. H. Boyd, receiver. The deposits amount to about $16,000, while the total assest will reach $50,000. The statement of the treasurer of Skaigt county for the year ending June 30, 1896, shows that receipts have amounted to $148,050.78, and disburseB ments to $95,489.06, leaving a cash balance of $52,551.69. The hay harvest in Stevens county is over and the work of baling hay for a shipment has begun. The yield will a be an average of 50 per cent less than be what it was last year in the upper a portion of the Colville valley. The e wild fruits are unusually abundant 1 this summer, and since the hay harvest there is a stampede of farmers' families into the mountain ranges in quest of buckleberries. The new county road from Keymes' 7 landing to Chimacum, in Jefferson e county, has been completed.

5. August 20, 1896 Lincoln County Leader Toledo, OR
Article from Lincoln County Leader, August 20, 1896

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Washington. The attempt at Kennewick to assess the district for irrigation purposes was voted down at the recent special election. Henry Seiffert, who shot and killed L. H. Platter in the courthouse in Spokane on the first of this month, has been denied bail, and committed to jail to await trial. Assessor Carpenter, of Yakima, pounced upon a band of 3,400 migratory sheep belonging to A. Andrews & Sons, of Oregon. Mr. Andrews cheerfully paid the tax. The Methodist Episcopal Columbia River conference, which embraces East. ern Oregon, Eastern Washington and Northern Idaho, will convene at North Yakima August 26. The aggregate value of all assessable property in Yakima county as equalized by the county commissioners is $4,120,882. The total tax levied for 1895 was $106,759.21. W. A. Mears, of Portland, who has business connections in Japan, has given the Bell Lumber Company, of Everett, an order for 1,000,000 feet of lumber to be shipped to Japan. The Fairhaven National bank closed its business as a banking institution on Friday, and is paying off its depositors in full. It is voluntarily liquidating the indebtedness, which is said to be small. The Bank of Auburn has suspended payment, and its affairs will be immediately wound up by A. H. Boyd, receiver. The deposits amount to about $16,000, while the total assest will reach $50,000. The statement of the treasurer of Skaigt county for the year ending June 30, 1896, shows that receipts have amounted to $148,050.78, and disbursements to $95,489.06, leaving a cash balance of $52,551.69.

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

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BANK OF AUBURN. Assets Exceed Liabilities by More Than $18,600. The condition of the Bank of Auburn is shown by the report of Receiver A. H. Boyd. filed in the superior court yesterday. as follows:

7. April 3, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, April 3, 1897

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Receiver Boyd's Report. The report of A. H. Boyd, receiver of the Tank of Auburn. filed yesterday. shows the amount of cash on hand at last repart, $1,085.92: total collections since, amount disbursed. $2,627.11, of which #2,179.91 Was for dividends and $447.20 for current expenses, including salary of receiver and attorney. The dividends paid were 17 per cept. on all claims, except that of J. W. Maple. county treasurer. for me. The divklends declared in favor of the London and San Francisco bank of Tecoma and the Commercial National bank of Seattle have not been paid over by the receiver. because the collaterals are will held by those banks, which have how requested the receiver to sell the collaterals. and he Bike the court's order to do 90, The report was ordered filed and Bet for timal hearthing April 10.

8. August 31, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 31, 1897

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REAL ESTATE TRANSFERS. I Transactions Since January 1 and for Yesterday. Real estate transactions since January 1. 1897, are $4,327,003.77. There were filed for record yesterday 10 deeds, aggregating $2,809.19. Following is a list furnished by the Seattle Abstract Company, room 410, New York block: State to William A. Young, part lots 1 to 3. blk 170, Seattle Tide Lands, Aug. 2, $73.19. Michael Searl et ux. to Joseph Rapuzzie, lots 9 and 10, blk 2, France's add, July 21, $700. Frank Nisbet et ux. to Directors of School District No. 115, 1 acre in sec 4. 22, 7, for schoolhouse site, April 17, 1896, $1. W. B. Roberts et ux. to W. J. Slyfield, lots 4 and 3, blk 11, Eads & Knight's add, Aug. 28, $10. Florence E. Davis and husband J. W. to Hieronim Murkowski. lot 5, blk 6, sup plat Enumelaw, Aug. 28, $125. L. D. Craig, as administrator of estate of M. Henristta Cady, deceased, to Anthony W. Morse and Florence Morse Fouquet (nee Shelden). as executors of will of M. Henrietta Cady. deceased, e½ nw see 30, 21. 5, 80 acres, Aug. 12, $1. W. H. Crawford et ux. to H. T. French, D. A. Osborn and F. L. Miller, trustees of Corvallis Lodge, No. 14, Ancient, Free and Accepted Masons. all interest in ne nw sec 3, 25, 4, 40 acres, July 15, $700. Svend Hansen to Christian Gronsand, lots 19 and 20, blk 26, Gilman park, July 21, $1. M. H. Young et ux. to Andrew D. McElhinney, lots 7 and 8, blk 30, Seattle Homestead add, Aug. 27, $1,150. A. H. Boyd, as receiver of Bank of Auburn, to F. L. Fehren, lots 4 to 6, blk 9, $43. Ballard's original plat, Slaughter, June 7,

9. December 1, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 1, 1897

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Court Notes. F. A. Buck & Co. have judgment against Harry Ash for $151.64, for goods sold and delivered. Sheriff Moyer went to Stellacoom yesterday in charge of Nathan Mannock, committed to the asylum for the Insane. William Ponchin and Robert Whitworth have judgment against Robert G. Caldwell et al. for $2,558.52, with decree of foreclosure. C. E. Robinson was yesterday appointed administrator of the estate of Mary I. Nixon, his bond being fixed by Judge Moore at $2,000. In the Bank of Auburn receivership proceedings, Judge Moore yesterday signed an order directing the receiver to pay a dividend of 15 per cent. In the case of the Manhattan Trust Company vs. the Seattle Coal and Iron Company, the hearing of the petitions of various creditors for preference was continued to December 1. In the case of John Young against the Puget Sound National bank. on a certificate of deposit, the jury in Judge Benson's court yesterday brought in a verdict of $600 in plaintiff's favor. In the case of Charles H. Black vs. Edwin Auld et al., the hearing of the petitioners' motion to set aside the recent sale of the property was yesterday continued by Judge Moore until December 3.

10. December 14, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 14, 1897

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M'CAULEY MUST SERVE HIS TERM. Supreme Court Affirms the Decision -Other Opinions Handed Down. OLYMPIA. Dec. 13-The supreme court today handed down opinions in the following pages: State V. J. W. McCaniey, ex-city Treas. urer sik Tueoma-Deciston of the lower eourt aftirmed. Wills Thorp. respondent, vs. B. M. Smith, defendant, the Union Electric Company, a corporation, and A. L. Hawley, appellants Reversed and remanded by the supreme court with instructions to render judgment in favor of appellant. W. R. Newport, appellant, vs. George Mugget, treasurer of Spokane county-Reversed and remanded with instructions upon trial to allow the appellant to deduet such debts as come within the revenus statute from his credit, including national bank stock shares. L M. Sheafe, receiver of the Washington Savings bank. respondent, vs. the city of Seattle, appeilant-Affirmed. John Kellegg, respondent, vs. Christian and Catherine Scheuerman, appellantsAn action from King county to recever damages for a malicious prodecumon-Beversed. A. Il Boyd. receiver of Bank of Auburn, respondent, Va. William Cochrane

11. May 10, 1899 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 10, 1899

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Investment Association to J. E. Chick, lot 6, blogk Greene's add, May 1,0 Walker Wells et UI, by George Ward. attorney, to Northern Counties Investment Trust, lot 24, Lake Dell; lot 1, block 6, Prospect terrace add. March 30, $1,154.00. Themas E. therty et us. to same, lot 3, block 6, Prospect Terrace add, April 24, = & s George F. Dearborn et ux. to Emil Heinig, let 3, block 8, Plummer's add, January 19. 1897, 8. We's $650. Charlotte E. Moorehouse and husband. Benjamin F., to Elizabeth Denney, lot 30, block 1, Rose second add, March 18, $500. E. R. Liffenthal et UX. to Irving B. Knickerbocker, part lot 4. block 1, Ballard's plat, Staughter, April 26, $700. Administrator of William T. Davis, deceased. to Ballard-Leary Land Company. lots 1 to 26, block 6, Hallard's add, Gilman Park. May 5. $500. West Coast Improvement Company to Signed L Magnussen. lots 13 and 14, block 20, Gliman Park, May 9, $120. Perry Lewis et ux., by George M. Lewis, attorney. to Lulie C. Vandercook, lots 31 to n, block 147, Guman's add, May 8, $375. Mary J. Gratton and husband, Isaac, to Jerome G. Cotton, lot 18, block 40, Compton'e first add, May 1, $600. Receiver of Bank of Auburn to E. R. Lilienthal, lots 1 to 7. block 8; lots 10 and 11, block 4. Meade's first addition, Slaughter. June 7, 1897, $61. Mabel L. Meade and husband, Ernest B., to Emma M. Gilmore, lots 10 and 11, block