The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-19

,soort Of George r. Fisher. recsiver
= seattle Dime Savings bank, was
- yesterday In the superior court II
- pfetfy condition Of things. The
~,.-. AZ the bank are In rotten condl-
- me books have been improperly kept
81 s,sus fse,g 90 caanot ss accounted for.
rsys Langley was SO stunned by the
80 made BIZ the receiver that ne made
= rrssr directing tho president OF the
80 10 come into court and under oath
ssss..sf for the g5e.0cc and 10 explain GER
- ofs<r matters that row seem 10 DO
s.~rsrs. TIE report Of the receiver is
| ~ns.2ntIaiiy as follows.
srae receiver has been unable TO dis
eass< among the effects OF the bank any
<,s,<i<s Of Incorporation but on sSafnin-
= he records OF the county auditor OF
/ - county ne finds recorded In book 4.
! = Irtlcles Of Incorporation, on page Ssz.
ss6<r daf9 OF juno -, Lasz, the articles
q Evaporation under which the DEFEND
| =. hank did business: sAid articles Of In
<~eor2tion were made, subscribed, sworn
Z snc acknowledge by Edward G. Frost.
o. 6mAiley, H.. j. Isanakr1, A ID.
| xstn. A. v. Bell and j. #. Williamson.
sTae capital STOCK OF the bank Is named
4 90, 10 be divided Into s1s saares o.
n ezen The first board of trustees were
q. yve-rA med inc1rporators. 10 mold
| ! "a first Monday 10 September. 1892.
Tnss receiver has been unable 10 ind
.-aaz Tie sffects. BOOKS and records Ia
a bank ard there has not been deiiy-
- 10 him by any officer OF said bank.
~ stoek ledger, stock journal or stock
.<<er.psloa book that is usually Kept In
| szsks and as the law OF this state pro-
y9sss shall be kept In all banks.
in The minutes OF the first meeting OF
| ~ stockholders is the following recital,
nxa: The following stockholders be-
81 present, viz, Edward q. Frost, own
81 age shares, Il. j. Landers. owning 10
xsrss. B. ID. Smaliey, owning $50 shares.
b keith, owning uinety-fiye shares:
|IV Bell owning i've shares. and J. r:
| Tllamscn. owning nlnety~flye shares.
| III makes a total of TOO shares.
stock Not Paid for.
~rhere Is no statement that the own
n 81 the shares above mentioned In the
"a recital had paid for the same, or any
an thereof. In fact. from what suisse
,ssnsy appears. II would be impossible
| v fas said stockholders 10 have owned.
= rather. paid for, al OF the said shares
ssfioged. and the same would have 70
! construed 10 be simply that the said
| sxxhoders had on that date subscribed
u the full amount OF the capital stock,
: ss0yided BY law, TO said amount set
xeoslte each individuals name
Tie bank. from its records. appears TO
Ags opened for business on the 18th day
/ Jane, ltg2, at which time some small
stres were made ia the general ledger.
~This bank kept what II denominated a
eaffal ledger. which was in fact cash
| ksk, ledger and daily balance book COM
sasd the one book intended TO serve al
eN purposes.
Rla he general ledger on the 2lth day
June, iss2 there appears under the
sai'ng OF Capital Stock. credit IN
~ Items. one OF so. 40 and one Of sieo
s.xsng a total OF So 800. which. from
III book, would appear TO have been
| rH IN 70 said bank 10 the credit OF cap
H. stock.
There also. on fire same day, appears
y debit item. under tbs heading Of
a p'scoahls !, s,a Two ,sl one ,o 81 ~
uM from which there can bs drawn
ut 5na conclusion. taking all other en-
rss n said book Into consideration, that
TO capital stock paid on said date had
tssn ta.A IA by notes or ether bills, which
keans an asset OF said bank.
the bank also kept. and there Il now
Il TIE hands or this receiver. book call
=. Bills Discounted I'm which purports
% b kept record OF the bills discounted
q bought by said bank. However, there
l. 10 entry In said book of any OF the
Transactions OF said bank prior TO July
l isa, eas all entries are from said dats
. ialy / 1855 Inclusive.
From ksld date Of June "a 1855. above
sais general ledger 10 the effect that the
sasi capital ssoek TO the amount OF $1,000
fsd been psse In. the said entry has been
carried forward In the said bank IN tha
ftBss manner from said date up 10 tho
e.sss Of the hanks business on July l.
lsh WREN said bank made an assign
nsni.
'-Tes prsslden. OF said bank. I. y. Big
slow. 50 far a. the records OF thu bank
tp7ear. first became associated with said
aaak about September l. 1891. and has
eentlnaed Up 20 the present date.
The said bank. IN compliance with the
avs OF he state OF Washington section
! Page y, Laws OF 1856 and 1855. has
xade by It's president /. ~. Btxsiow,
SUI sworn statements 10 the stats Of
washington. AID filed with thu state au-
esaof tns said statements, via. for the
issrs is8 1854 1898 and lass, certified
espiss az which have been procured by
- are new Ia the possession Of this re-
silver snd IN each u the said sworn
sateireuis made By the said ]. ~. Big
sss Tor each OF said years. the said !. y.
teles has on cath sworn that the cap
va sseck OF said bank paid in Was sSo,soo.
The stock hofders.
"Frori the records and papers. including
ns stubs az stock certificate book OF said
tstsAaAnf bank. and other papers OF the
sztk which have como into the hands os
- receiver. Il appears that ~ the prcs-
81 cate The following persons are stock
q sollaws:
Shares.
net s.ss...... .ss.-~..sss.s.s.....s.
isanoers ...,s.*sss..sss..-........ i
/ fsAaetheSay s........*..s.s-.....-... I
S~Isne bscKe ....s...s..~+s..s.-..s....