The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-04-26
ALL MUST PAY UP.
Heavy Assessment on Merchants
National Shareholders.
TO RAISE 4 TOTAL OF ESQ. 600.


Receiver Charles H. Baker. Of the Xer-
chants National bank. yesterday made an
announcement that viii undoubtedly bring
Joy to the hearts of the creditors OF the
institution. but that viii also undoubtedly
cause gna shing of teeth among the stock
holders.
The announcement is Of an assessment
Of So upon every share Of the capital stock
Of the bank amounting to $l50.0co. payable
on or before May Is. 1885,
The receiver is authorized by the comp
troller to grant an extension. without IN
terest, to shareholders who pay 50 per
cert Of the assessment on or before that
date, and who will give written oblga-
tion. satisfactorily guaranteed. to pay the
remaining 80 per cent on or before July
16. 1896
The comptrollers order. dated April IL
Il as follows:
ITO All Whom 1t May Concern:
Whereas, Upon proper accounting by
the receiver heretofore appointed TO col
lect the assets Of the Merchants National
bank, Of Seattle. Wash. and upon valua-
ton Of the unsolicited assets remaining in
his hands IT appears to my satisfaction
that in order to pay the debts Of such as
ISOLATION II II necessary to enforce the in
dividua1 liability OF the stockholders there
for to tho extent hereinafter mentioned.
as prescribed by sections 5151 and 5234 Of
LQe REVISED St3IuteS OF inc Culteu StdtcSs
Now, therefore, by virtue Of the au-
thority vested in me by law. I do hereby
make an assessment and requisition upon
the shareholders Of the said the Merchants
National bank, of Seattle, for $l50.0o0 to be
paid by them ratably on or before the 18th
day Of May. 1896; and hereby make demand
upon each and every one of them for SIS
upon each and every share Of the capital
stock Of said association held or owned by
ham at ha ffYna S,f "a
ure; and hereby direct Charles H. Baker.
the receiver heretofore appointed, to take
all necessary proceedings. by suit or other
wise, to enforce to that extent the said in
dividual liability Of the said shareholders.
In witness whereof. have hereunto set
my hand and caused my seal of Office to be
affixed to these presents AZ the City of
Washington, in the District Of Columbia,
this 18th day Of April. A. D. 1885,
(Seal.) JAMES H. ECKELS.
Comptroller Of the Currency"
Receiver Bakers notice to the stock
holders reads:
Seattle. Wash, April 16, 1896.
you will please take notice. that the
comptroller of the currency has levied an
assessment upon the stockholders of the
Merchants National bank, of Seattle,
Wash, of SIS q share. payable at the office
Of the receiver, on or before May 16. 1886.
The receiver is. however, authorized by
the comptroller to grant an extension.
without interest, to shareholders who pay
50 per cent. Of the assessment on or before
that date, and who will give written
obligation. satisfactorily guaranteed, to
pay the remaining 50 per cent. on or before
July 16 1896.
You are therefore requested to pay the
assessment on - shares Of stock stand
ing in your name. in accordance with the
foregoing order and this notice. or suit will
be commenced to enforce payment
CHARLES H. BAKER,
Receiver Merchants National Bank"
Following Is a list Of the stockholders:
Assess
Shares ment.