The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-01-26

Receiver n o. snusy fled his first report
A. the superior court yesterday. and also
/ 70 ar af1soavIs IN answer TO the charges
r.sae b. stockholders several days ago
.sat ne was appointed receiver al q Sc
er4s session and the stockholders were not
ADVISED OF the meeting.
IL re AFFIDAVIT the recsiyer states thaf
sfter careful Investigation OF the books
~ the bank he finds that the bank ss tn
essted u J. W. Hughes. who brought the
scron 20 the amount Of s4s7.4s. a deposit
ascounf. and does not find that Hughes -
indebted 10 the bank Ia any sum wnasev-
er. Re states that the frat ne heard u
r. name In connection with the place
Gas one hour before his appointment and
Nc 20 that time tad no consultation with
kng Of the officers or directors Of the bank
rssatinE IN any way 10 the appointment Of
= receiver. Al the time Of his appointment
Ne was personally acquainted win but
swo Of the directors and tnis was merely
4 bgssnes- acquaintance AS 20 any meet
tg or conference OF the directors. Snuey
alleges that be knew nothing whatever 81
any such thing. as ne was never present
a . meeting and does rot believe that the
directors or debtors Of the bank wished
shst be should receive the appointment
ssnce his appointment Receiver 5huey
has ctme in contact with a number Of
creditors OF the bank. and in converse
ton with them believes that there II no
trtsth Ia the allegation made BY Lyman T..
Knapp and others that the almost uuani-
nous wish and desire Of the creditors OF
the bank Is that another receiver should
Be appointed. He does not believe that
4 majority of the creditors object 10 him
serving a. receiver. and "a concerns his
experience and competency 70 Ill the place
gives "a sketch OF bis business career dur
ing hts residence fn Seattle, which began
Fl February, isss. when ne kept books for
D. T. Denny. After serving month IN
this capacity. be went into the employ OF
the Home Fire Insurance Company and
remained there for Eve years. until Febru-
airy T. is93. During the last two years OF
his connection with this company he was
manager Of the city department at a SAL
cry OF $40 per month and expenses After
this company went out Of business he
opened an Office for himself IN the New
York block. which he ssiII conducts. Be-
sides handling Insurance business he -
srrstary and manager OF the Equitable
Building. Loan and Investment Assoeia-
lion. and has handled thousands OF dollars
n loans. etc. He states that he Is worth
neooo. and Ia therefore In no way under
obligation TO any OF the officers. directors
az stockholders OF the bank. He Is con-
tdsnt Of carrying on the affairs Of the
bank in an impartial manner and TO the
bsst Interests OF all concerned.
An AFFIDAVIT from w v. Rinehart, II. f..
Holmes. w. r.. Ballard and r. L Fehren
was also fIei stating that a conference
Of the members OF the board OF trustees
vas held January II 10 advise about cios-
hg the bank. II having come TO the knowi-
edge OF the directors that the bank was
!nsolvent. The conference was held solely
for the purpose OF preventing any inter
ference being obtained by any deposition
or other creditor OF the bank by garnish-
nsnt or otherwise. and was done solely
Ger the purpose OF taking means 10 pre-
serve the assets of the bank and the prop
Or enforcement Of the liabilities. At this
conferences IL became apparent that the
sos method OF arriving at these results
was through the appointment OF re-
ssiyer j. w. Hughes was present and
stated that. being creditor or the bank,
be desired the appointment OF a receiver
for the benefit az all creditors,
and would proceed TO bring suit
10 have one appointed The name
81 n o. shuey was mentioned at the
eassarence bat only two present knew
him personally. Others said that they had
heard OF him and his reputation. and con-
taered hlm competent. honest and econ
onical man 10 take charge Of the bank
Affairs. No suggestion was made that the
receiver should be advised In the interest
q tho directors or stockholders. Each OF
these men state that ne has no interest
IN the appointment or a receiver other
Gan his interest to secure an honest,
economical and competent administration.
and does not desire 20 secure any advant-
sse that would tend 90 prejudice any Of
tas banks creditors.
Ire receivers report shows that the re-
sosrees amount 10 sitS.s7Eii, and the Ia
hgl,ges Sc sss ~. The value of the real
ss;a.e Is sl2s4ess. The list OF stockboid-
rs and ne shares owned by each one +
a follows. T. ". Fuller, IL IL. Z. Holmes
e. w r. Robertson. =: z. G. Miles. 3. J.
u. Frlnk 30; Clark DAVIS. 3; w. X. Hsl-
had q. " V. Rinehsrt a.. Boyd j Tai
nAn. /; o. J Smith. $: J. Mcintosh, 3
Tracy H. Robertson, II; +, w. Baker. !,
TEN Polk. &: J. W. Hughes. u. q. +.
NsaehAm ?. NJ NJ Carraher. !, James
noshen r: r a TNSlcheli. I; +. J.
Burns .: s s. Bowman. !: Helen Holmes,
!. Ruth Ho.meA I. Katie Holmes. 4 Eth
est Homes L: james Holmes, /: David
Ferguson s. j. A BailiarSean, ]; W.
KAhaiey /: ]. A. M0ore. l. II. +. Kennedy.
! Edward Blewett s; Edmund Bowder l.
Nyra Ballow. I: Eloise II, CeryeN. s. 5.
Fasser Kelley. 1. chin Ching Hook. 2; ]. It.
Brewer s. H. W Miller. 2 Bert Kelly !,
$ " scott .. J. F. Boyd. ?: I. n. Clark.
l. y. ". Fletcher L. Kirkland Lumber
Manufacturing Company, 2: Mrs. Alice l.
No,mcs. s: r N Carr. !. Granville . Hal
tss. :. George = Adair. e.: =. G. Richard
IN. /, Frank Wantora. /, Isaac Dodson.
!. Thomas r. stimson. 3 cain Lung C~n-
rsay. l. Chun Luung kes, !; Chau Lung
Kay. I: + l. Fshren. -. Fred }. Aikens.
=, Ahvnetts Bah. l. J. NJ Laynue !;
henry Shaw. i. u Scott s. +. l. Fehren.
!, trustee. :. s Z. Crawford. !; Il, J. Illus
tas !, Martha J Harmon. :. c. LOUIS
Gnshali. g. John z. Chaplin. /. u. 2.
iAmhuth, !. making 80 shares At the par
sa,us ef slaa