Clearing House Statement On Northern Bank Suspension
The Clearing House Association of Seattle says the State Bank Examiner should liquidate Northern Bank & Trust rather than the Clearing House taking it over. Legal complications and coal mining assets at Lasaquah hindered recovery after foreclosure on Alvo Von Albensleben’s property. Deposits declined after the suspension, but the committee says the situation is now thoroughly cleared up.
MENTIONED IN THIS ARTICLE
Northern Bank& Trust Company
Clearing House Association of
Seattle
Clearing House Association
State Bank Examiner’s Department
Lasaquah
Alvo von Albensleben
Sesaquah
Northern Bank & Trust Company
Clearing House Committee
Arsenic Pancake Tragedy Kills Five Kin Near Danforth
Mrs. J Meints of a Danforth area farm accidentally mixed arsenic with pancake flour in breakfast. She killed her four sons Theodore Irvin Mina and Fred and her grandson Clarence. The husband did not eat the cakes and the mother reportedly consumed none. The five deaths occurred over two days and left a grieving family and a strained farm community.
MENTIONED IN THIS ARTICLE
Danforth, Ill
J. Meints
Here
Theodore
Irvin
Mino
Fred Meints
Clarence Meints
Sebo Meints
Mina
Clarence
Bank Failure Reveals Mock Growth Claims and Public Fear
In Seattle 1916 saw the Broadway State bank collapse amid claims of growth and conservative deposit safeguarding. Crowds questioned the bank's ads while losses spurred anger and calls for prosecutors as the Northern Bank and Trust Co. also failed due to mismanagement. Other bankers attempted rescue efforts but could not salvage the loans.
MENTIONED IN THIS ARTICLE
4Th and
Pike
Seattle
Broadway State Bank
Northern Bank and Trust Co
Northern Bank
Hewitt Not Charged Yet In Auburn Child Deaths
After a Tuesday meeting, Deputy Prosecutor Helseli and Deputy Coroner Koepfli decide no murder charge against S A Hewitt yet. inquest set for Saturday in Auburn. Hewitt, calm, denies knowledge. neighbor reports coal oil odor and Myrtle Hewitt testifies father poured oil on the mattress before the flames.
MENTIONED IN THIS ARTICLE
Helseli
Koepfli
S. A. Hewitt
Auburn
Hessell
Hewitt
Myrtle Hewitt
A Profitable Habit
Read The Star daily to catch store announcements and save on nearly every purchase. Advertisers offer fresher stock and better service, and Seattle's best stores feature their best offerings regularly. More than 60,000 copies daily.
MENTIONED IN THIS ARTICLE
The
Star
Seattle
British Fleet Searches Near New York for German Raider
The entire north Atlantic squadron of the British navy has been ordered into waters adjacent to New York to hunt for a German raider. Reports of a mysterious steamship prompted the orders to the squadron to search the area.
MENTIONED IN THIS ARTICLE
North Atlantic
New York
City to vote on six hundred thousand bond for market
Seattle votes to decide spring election whether to issue 600000 dollars in bonds to establish a municipally owned cold storage plant and market. A 5 to 4 council vote submits the measure to voters with UW faculty approval and a labor council plan. A market commission would supervise operations. No U S city has faced a similar food supply solution.
MENTIONED IN THIS ARTICLE
Seattle
Moore
Fitzgerald
Hesketh
Erickson
Holton
Dale
Haas
Hanna
Thompson
University of Washington
Central Labor Council
United States
Coldest Night Brings Coastline Weather Cheer and City Water Plan
The coldest night of winter hit Seattle with 20 above at 5 am while unheated streetcars brought misery to residents. Skating and coasting thrive as more cold days loom. Puget Sound blizzard damage forced boats to port, and a city council vote approved land condemnation to boost Swan Lake water storage to 2.7 billion gallons for a 1,000,000 population.
MENTIONED IN THIS ARTICLE
Salisbury
Swan Lake
Bank Fails as Depositors Rush Northern Bank Doors
A crowd gathered before the Northern Bank and Trust company after news of its failure spread by phone. Policemen kept order as notices posted windows read that the bank was in the hands of state examiners. Depositors learned it was too late to rescue their accounts as the bank remained closed.
MENTIONED IN THIS ARTICLE
Northern Bank and Trust Company
Rim
Bank 7
Bank
Clal
Savings Institut
Northern Bank Fails After $500000 Loss in Seattle
The Northern Bank and Trust Co of Seattle on Pike Street failed to reopen after suffering an estimated $500000 loss and liabilities of $1600000 against $1100000 assets. State Bank Examiner W E Hansen ordered closure after a run and a plan of reorganization was proposed to pay depositors about 60 percent. The failure traced to slow loan repayments, including loans to German interests before the war, with a run following Broadway State Bank's closure earlier in the month.
MENTIONED IN THIS ARTICLE
Northern Bank & Trust Co
Pike St. Westlake Ave
State Bank
W. E. Hansen
Seattle
Clearing House Association
Northern Bank
Star
Broadway State Bank
Northern and Trust Co
Broad State Bank
Broadway Bank
Northern
Alvo von Sie
City
Northern Bank & Co
Broadway State
Phillips
York City
L. Collier
Gerald Red
W. G. Hall
C. B. Sandefer
Home Rule Bill Introduced to Restore City Utility Powers
Senator Nichols of Seattle introduced a home rule bill striking at the state public service commission. It would let voters in first class cities decide if city utilities stay under state regulation. Cities would be parties to complaints and investigations affecting local franchises.
MENTIONED IN THIS ARTICLE
Olympia
State Public Service Commission
Nichols
Seattle
Caldwell
Detectives Scan Crowds as Bank Checks Surge
Department store detectives watch a crowd for fraud as stores report a flood of bank checks yesterday. One officer notes the flow of checks rose late in the day indicating a coordinated effort or mass payment activity.
MENTIONED IN THIS ARTICLE
Seary
Also Mentioned on This Page
George Scott
John Stringer
Stringer
Old Court House
Starwich
C. F. Smith
Hunting Rover
New York, Jan. W
Sen.nichols
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