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| 1885 | 1 |
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48 stories matching receivership
- A Clash of Courts Over the Right to Strike
Federal judges in the Pacific Northwest and Midwest issue conflicting rulings on whether railroad workers can organize and strike against receivership.
- The Merchants’ Bank Fails to Save Itself
Stockholders fall short of the Comptroller’s demand, leaving Charles H. Baker to wind up the failed Seattle bank.
- Railroad Monopoly Faces Legal Blockade
A federal judge sides with minority stockholders, placing the Seattle, Lake Shore & Eastern under receivership to check the reach of the Northern Pacific.
- Creditors Move to Take Over Seattle's Rainier Railway and Light
A receivership fight ends quietly as the Third Street line, Western Mill and electric plant are slated for sale to a new creditor-owned company.
- The Northern Pacific Receivers Keep Their Grip
A federal judge denies an attempt by shareholders to seize control of the Northern Pacific railroad, citing the need for court oversight during a messy corporate reorganization.
- Northern Pacific Railroad System Collapses into Receivership
Four local branch rail lines in Washington are placed under court control as the main Northern Pacific system fails to cover operating costs.
- The Railroad That Went Broke Twice in Seven Years
A federal judge appoints W. D. Tyler receiver for the Washington & Columbia River line after $300,000 in missed interest payments.
- Ballard's Electric Company Sold for $1,210—Franchise and All
A receivership sale handed the Ballard Electric Light Company's property and franchise to a mortgagee, while the company's subscription stockholders were written off as 'wholly irresponsible.'
- A Twelve-Year Water War Ends in Victory for Valley Farmers
The Supreme Court of the United States has ruled in favor of local Hanford water users, effectively ending a long-standing legal battle over irrigation rights and land ownership.
- A Canal, 51,000 Acres, and a Bond Deal Gone Wrong
A federal court in Tacoma appoints receivers for the Yakima Investment Company after an English syndicate backs out of a $700,000 bond issue.
- The Missing Ledger: Tacoma Grocery's Books Vanish Before Receivership
A court examiner presses Charles E. Hale about account books that disappeared just before a receiver took over the Tacoma Grocery Company.
- The Bureaucratic Feud Over a Federal Appointment
A bitter letter to the editor exposes a local Seattle political scandal involving broken promises and secret applications for a federal office.
- Three Streetcar Companies Tell Seattle They're Too Broke to Keep the Lights On
In receivership, in arrears and borrowing from their own bondholders, the city's electric railways ask to be excused from the franchise requirement that they light the streets their cars run over.
- The Bank Failure, the Postmaster Letters, and the Fickle Financiers of Seattle
When a Seattle bank collapsed, twenty-five men wanted to be receiver — until the controller of the currency discovered the same businessmen who protested one candidate had just praised him to the skies for a different job.
- The Bank Failed, but the Panic Didn't Come
When Merchants' National Bank closed in 1895, depositors lined up, then went home reassured. The real scramble was for the receiver's job.
- Two Years in Limbo: Whatcom's Failed Bank
Depositors in the Columbia National Bank get only a sliver of their money back while the officers scatter — one to Honolulu, one to the shingle business — and the receiver's promises dissolve.
- The Streetcar Line That Paid Its Way—Until the Bonds Came Due
Seattle’s consolidated street railway reports that fares cover operations but not mortgage interest, while receivership leases and a city council refusal reshape the young transit network.
- A Receivership Tells Issaquah's Miners There Is No Money for the Old Wages
Seattle Coal and Iron's receiver answers his own employees in superior court: the mine is insolvent, the market is gone, and the pay cut stays.
- The Hop Bubble Bursts: Snoqualmie's Famed Ranch Sold at Auction
Once the largest and most profitable hop ranch in the country, the 1,240-acre Meadowbrook Farm goes to the highest bidder for $52,800 after a crash in hop prices and a receivership.
- A Receivership Sale Rewires Seattle's Street Railway
Bondholders sign a deal to merge the troubled Rainier Power and Railway Co. into a new Third Street Suburban Railway Company, with the Denny family’s claims still shaping the terms.
- The Judge Who Was Drunk on the Bench and Threatened to Fill a Man with Lead
A legislative committee in Olympia substantiates charges that Chehalis Judge W.W. Langhorne dismissed cases unread, threatened a man with a revolver, and traded court favors for political help.
- The Homegrown Railroad That Opened the Snoqualmie Country
Seattle citizens incorporated the Seattle, Lake Shore & Eastern in 1885 to reach Gilman, North Bend and Snoqualmie Falls. Northern Pacific took control, receivership followed, and the line kept loggers alive through the depression.
- The Diamond Palace Jeweler Who Vanished With the Stock
Simon Rumpf’s 'Diamond Palace' is placed in receivership after creditors allege he conspired to transfer his stock and then disappeared.