ca. 1892. Merchants National Bank building at the corner of South 11th Street and Pacific circa 1892. Cablecar tracks can be seen going up 11th. Built in the heart of the Tacoma financial district, the Merchants National Bank was considered a "modern bank" upon its completion in 1891. The bank had reorganized in 1884 and was led by Walter J. Thompson. He remained its president until May of 1893 when bank failures swept the nation. Although Nelson Bennett, a director of the bank, agreed to assume the presidency and attempted a last minute influx of money to save the bank, the bank failed to open its doors on June 1, 1893. ( Hunt: "The Bank Failures of 1893,"History of Tacoma, Vol. 2, p. 110-115-article)

Merchants National Bank (Tacoma); Banks--Tacoma; Commercial streets--Tacoma--1890-1900;