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

this court that IN hts Judgment not more
tnan 80 can be realized thereon The
SAID furniture and fixtures OF the defsnd-
ant bank when they cams into the hands
OF this receiver we're IN \ building not
owned ~ safd bank. which commanded
rental % about 81 month. and tatz
fixtures and furniture. except that which
remained In the vaglts which the receiver
got free Of rent. and stored the other fur
nitnre and fixtures. and they are now hsld
In storage az an expense OF f71 per
month. THIS recesver now informs this
court thar the said furritpre and fixtures
could be sold now as weil as any time. and
that be believes should be sold 10 save
this expense.
'srhls receiver further informs this
court that there are some notes and mort
Particularly specified upon which small
amounts can be had By suit OF pressing
collection. and that the balance can only
be disposed OF by public auction. under the
rules and direction Of this court.
This receiver further informs this hon
or3oie court that. shown bv the books
OF said bank. there are three different la
billsses. ar follows: First, upon individual
deposits, amounting 70 ~ lss.si second.
saving deposits. g. 10 "A; third. certificates
OF deposit s1.sZi.ss. Said amounts making
total liability outstanding to Gepositors
Of s14s7s.E. and said sums Rz appearing
IN said books are exclusive OF any inter-
est obligations on the same which may
LOT sald deposit liabilities OF said bank.
however. the books show that on open
account or general deposit TO the credit o.
l. ~. Bsgef0w Is the sum OF yl.5ss s5s IN
the certlfleate OF deposit account to the
credit OF the easd T. ~ Eixelow Is the gum
Of 81. 1888: 10 the credit Of E.niiine Blge-
low there II the sum Of $50 In certificates
credits 10 different members OF the family,
being the wtfs and daughters OF the said
L. ~. Eigeiow. other sums 81 money ag-
gregatfng In the total about $1,000.
Il A. nj
referring to page OF this report.
wherein this receiver has SET forth the
present stock holders in the said Defendant
bank. ~ will be observed thar ]. y. Bige-
low. the president OF the bank, who has
acted a president OF the said bank from
about thu Isl day Of septsuhsr, iss2. up
70 July J. iSss. IS not q stockhoidsr in the
bank. However; the stock books % sad
purchaser and owner OF the shares o.
stock which Afterwards passed 70 his wife
and other members Of his family. snd IN
ell himself and permitted himself 70 be
treated and held out as stocAholder or
said bank. and acted as such.
Referring again to the bills receivable,
item OF ssS, 49f - which the general ledger
OF SAID bank showed that the said bank
owned AT the close or business on said July
J. 1896 and whereas there Was only turned
over 10 this receiver the sum or &.sZ3. L,
this receiver has 20 say that ne made de-
fnand upan Z -. Bigelow for the difference
sum Of t3s s9i.z3. when Bigelow Informed
this receiver that there had been turned
over 10 hi. assignee and 20 this receiver
all OF the bills receivable OF ths said bank.
ceiver then asked Eigc{0w TO make ak
PLANTATION of the item that appeared up.
on the esoks ana s6 % wls s iss ~ a ihs
auditor OF the state or Washington that
the same was held by the bank. or that
amount Of SEQ go had bean fully subscrib-
Ell and paid IN. xhen this receiver could
obtain from Bgeiow no such explanations
or answers. bigelow informing THIS recelv-
er that he was not accustomed 70 the
banking business. and that when he took
charge OF the bank the books were ~ that
condition. and that he continued 70 carry
"a the tims OF the close OF said banks
business. wholly failing to give 20 this
receiver any satisfactory or adequate ac-
count respecting the condition. assets OF
affairs OF the said bank.
This receiver further Informs this c0lrt
that the said general ledger and books %
said bank showed that en- the close nf the
business az said bank. to-wit: On Juiyi, 1NsS.
among the assets of said bank was stocks
and bonds 90 TIE amount or 1901 ~ Ne
stocks and bonds ~ any kind. character
or description have been turned into the
hands Of this recslTer hy Bigelow or Ms
assignee. and this receivsr approached
Blgelow and demanded the stocks and
bonds whereunon Rigeiow Informed this
receiver that th~ lteFn OF stocks and bonds
represented 1.tso shares or the Seattle ana
Lake washington waterway Company,
which were In ora certificate only. one-hah
OF which was the property OF the bank.
the other hair being the individual prer-
erty Of Fsgesow that the said stock had
never been divided and that Biselow re-
talned rsss same IN his POSSESSION"
r'ha receiver asks for permission 20 sell
the fixtures: thar a y. Rigelow be cited
20 appear In court 70 answer questions
as 20 the assets OF ma bank. that he Be
authorized 10 bring snit against the stock
holders fsr their liability In law. also
against the original stock subscribers 20
me capital stock FOR the amount OF their
stock subscription not paid IN. that he
be empowered 20 bring suits upon the
notes and mortgages Of the bank which
IN his Judgment may be coliecgihle
Judge Langley made an order directing
President niwelow 20 appear In court on
December - % show cause WY Re should
net turn over al the assets OF he bank
60 the receiver. The receiver was directea
20 sell the office nxtures