The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-01
FIRED A BOOMERANG
n u. Wheeler Files Suits
Which Strike Back at Him.
ur ATTACKED A SOLID BANK.
-, struck at the Wrong Man 10 Get
vven gleason Numerically
scores His Methods.
ur ATTACKED A SOLID BANK

--.e,o5s suits against aim Ia con-
- wlfa both the Blaine bank and
-~S-mercisI National bank. b. attack
- seattle National bank. with which
cemmeTclal National has been con
-esgtea. ard James r Gleason agent OF
- rr-uerclai National bank But EVIL
- Br Wheeler has been striking at
$500 uartles, for Alr. Gleason volun-
taksk upon himself the responsi-
- ~ the suits at Blaine. n Wheel
-.stseks on the credit or the Seattle
.st-ral hank have proved a boomerang.
49, have Only brought 10 light the
-. ,ha. II Is h. remarkably good condi-
- that 70 If proof against ell at
$50 en- lts soivency.
- s~nsscfoation Of the suits nied yesf~--
srasnst bin and the numerous cor
1900 In which he has been Interested.
- bexan proceedings for a receiver
=. "a the Seattle National bank. Two
stn,s were served, November IS and
-. r~aylng judgment for s7.0o and ths
- se~ 40. 30. and tire papers were nled
- r. clerk of the superior court yes
go xhorfly after the suits were begun
s@saff ~ the Commercial National
s.k against Wheeler.
lie Alleges MIsmanagenent.
:. re action praying for the appoint
-, ~ a receiver and for judgment IN the
-.fr68 Wheeler claims that on No
80 a fess. the officers OF the CONNER
- National bank made a pretended
.~,sfa~ OF all the assets OF the bank 10
@gssftle National. since which time tho
- ~ the former ave been controlled
80 latter. ~ this pretended transfer.
v.sslsy SAYS, Robert g. Hooker, one OF
!, directors and cashier OF the Seattle
xs4cnal. has taken special control Of the
.-rlrF. 90 the Enra - @f0FaT
x.rosal ana Illegally disposed of portions
ggbs asqetu. For more than a year past.
80 annpiafut charges, the Seattle Nation
a "a A4en maintaining It's offices at an
~,,sssonable expense, the force Of clerks
krge at unnecessary salaries. and dur
80 ~ that time has been unable 10 OBJ
- sere than a very small amount OF
lsoss4s. II has been doing no legitimate
ssrklng business, Wheeler says, and It's
,,vsnze. have been largely in excess OF its
s-snms. and he alleges that the liabilities
.roseS the available assets by more than
81 The affairs OF the bank. Wheeler In
So. have been recklessly and injudicious-
i managed. and the assets are being dissi-
satpa. and he asks that a receiver OF the
seattle National be appointed to conserve
,ks interests OF the stockholders OF the
Commercial National. and that ne himself
b. styen Judgment for $1,000, the value OF
sseqk Of the Commercial National owned
b. him.
The Blaine Bank suits.
The second complaint alleges three
causes Of action, each growing out OF the
connection OF the Seattle National bank
with the ENLARGEMENT OF Wheeler's affairs
81 Blaine. Wheeler claims to have been
the owner o; 10 shares In the Blaine State
hank, Waited al 10000. held by the Com
- A.a- - 49, - .EaN sIsM
sloek BY the pretended transfer passed
into the control OF the Seattle National.
Wheeler also claims to be owner OF five
shares Of stock In the state bank. and to
b. largely Interested In more h a 30 9TH
or shares, the whole valued at $4,000, but
a conspiracy entered into by James T..
aaason and the Seattle National, In the
tsoa nomlnally brought by c. T.. Stone
Ennst the state bank. a receiver for the
fls bank vas appointed, and Wheeler
Ansged $1,000. The second Of ac-
30 sets forth substantially the same al
hgsilons IN respect 10 the receivership OF
ts Consolidated NH and Merchandise
Company. by which Wheeler claims dam
ages 10 En,0o. The third cause OF action.
after stating that Wheeler during all the
nne he has been in Washington has en-
Nyef "a large and valuable commercial
credit and 4 high standing for business In
ifgrty within the state OF Washington
All throughout the United States, and has
q good and established reputation as a
esfsfal and reliable banker and manager
9haaka" sets forth the fac OF Wheeler's
sfrssI IN connection with the state bank,
al alleges that he has been damaged
tm lie therefore asks for Judgment In
ta.m
Disproved by the Clearing House.
TIE above papers had no one been
efyed on the Seattle National than l.. W.
Antress, its president, informed the
Caring House Association of the fafts
sd Invited an investigation OF the banks
0aiHisn. In order that the falsity OF
NaseleF's charges might he hown. The
esA'ihs house appointed al N examining
@nHattee Lester Turner. r. II. Spencer
sa Herman Chaplin. and yesterday the
wmeftiee made the following report:
foar committee appointed TO examine
Ns condition OF the Seattle National bank
y account Of the assertion made in the
sssht ant OF II. W. Wheeler against the
SAiue National bank beg TO report as
fsaexs:
Aear committee took the bar at the
02se or business on November 70. and att
seoanting the cash ard checking the ac-
sAatS. found cash on hand and sight ex-
VARss Immediately available as cash 10
&c amount q Al and a fraction per cent.
2 ne total liabilities bf the bark. or
s@ai three times as much as required by
"a As against the remaining IS per
~ e liabilities We found about three
9aes tAat amount IN good aud available
.Ris In the shape OF bills receivable.
tsAs securities. etc. We stopped u In
sigston there. as We had found more
- enough 10 satisfy as that tie bank
fHE HT~nnn tr narh All ~-.a Iva "a a~vNanftU
Feat condition. aRd any further exsmi-
@soa seemed 10 Us unnecessary"
Gloason Denouuce- Wheelcr.
-aat Nr. Whcelcr has been hitting at the
Han "a his assaults On the officers
saltle National hank Is shown ~
Interesting Interview with
Is q o~er1iar proceeding for a man
accused - Wrecktre "a hank q he
BRO c7Irt aat skiing % place an
@ak which g. perfectly solvent. and
IS ere 81 the best financial lnsti-
n Washington. in the hsnds OF a
TIE facts 90 the matter ara that
= " Wheeler had completed his
= tee Commercial National
sra hat disposed 81 every share %
AN through what 7 claim 30 Ice fraud. IN
asttat1a ~ left tire state OF Wash
- without Doubt expecting 20 bear q
nHr,t2l National being in the
c., e a receiver ~ the time ne got to
vas then that TIE Seattle National
A.. WF9usa tie efforts ~ the clearing
@hs - save the credit or the city Of
- eane 90 - rescue % the Com
N~onai, ana loaned % IL IN the
e.. e Eu.0a 30 PAY its ocliga-
e y meeting ~ the stockholders was
~aseF- 10 rufFN rhn n--ann san.n ~
a~seetorS wa.-A was unan gnouslv
Nhee'cr was hiding away some
California nj IRE tire
= .ae s&-e % s.eck ga ne have
N' n tae earS AZ TIA; time The
- s@t Is SIMPLY a b'4I f3r the par
t>.cs - s.ve-. lie attention q
~ uc7a -ee nae sots pursued BY