10023. Bank of Zumbrota (Zumbrota, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 27, 1895
Location
Zumbrota, Minnesota (44.294, -92.669)

Metadata

Model
gpt-5-mini
Short Digest
90048498

Response Measures

None

Description

Newspaper items indicate the Bank of Zumbrota was assigned and had a receiver (D. B. Seofield/Scofield — OCR variant). No article describes a depositor run; instead the bank was in receivership and a receiver filed reports and suits (April–May 1895 onward), so this is a suspension leading to permanent closure/receivership.

Events (2)

1. April 27, 1895 Receivership
Newspaper Excerpt
Parker Veazey, attorney for D. B. Seofield, receiver of the Bank of Zumbrota, Minn, filed a suit to foreclose a mortgage ... (April 27, 1895 item). (Uses OCR variant Seofield/Scofield.)
Source
newspapers
2. May 2, 1895 Suspension
Cause
Government Action
Cause Details
Bank was 'assigned' and placed in receivership (receiver Scofield/S eofield) beginning May 1895 per court/receiver reports
Newspaper Excerpt
report of Receiver Scofield, of the assigned Bank of Zumbrota, from May 2, 1895, to Jan. 1, 1897, just filed
Source
newspapers

Newspaper Articles (3)

Article from The Anaconda Standard, April 28, 1895

Click image to open full size in new tab

Article Text

BRIEF POINTERS. GREAT FALLS, April 27.-The Clerks' union has ratified an agreement with the merchants of this city, which has also been approved by the Trades and Labor council of Cascade county, which provides that from May 1 the minimum rate of wages for male clerks shall be $70 per month and for female clerks $50 per month. Each store will be allowed one apprentice for six clerks or less, and one apprentice for each additional four clerks. The county commissioners will meet in special session next Thursday. Since the new bounty law went into effect, March 16, the county recorder has issued bounty certificates under the new law for 52 coyote pelts and 45 wolf pelts, representing $291 in bounties. Parker Veazey, attorney for D. B. Seofield, receiver of the Bank of Zumbrota, Minn, filed a suit to foreclose a mortgage for $1,500 on lot 2 block 571, Sixth addition to Great Falls, executed by Frank I. Flibotte and wife to the Northwestern Guaranty Loan company. Robert Hendry has been elected by the Belt Miners' union to attend the convention of the Western Federation of Miners to be held at Denver, May 13. The Sand Coulee union has chosen Thomas Graham as its representative. James Queen will represent the Belt miners at the state Trades and Labor convention in Helena May 1. The miners at Belt have elected P. Mullin and John Stevens check weighmen at mines Nos. 1 and 2 respectively. William Wilder has let the contract for the erection of a two-story residence for himself in the Boston and Great Falls addition. P. W. Dickinson is expected home tomorrow from an eastern trip. Deputy Revenue Collector Largent has received 72 returns under the income tax law. Of those making returns, only 30 are liable to the tax. The Great Falls Baseball club has arranged for a game with Belt Sunday, May 5, for a purse of $50. The Townsite company deeds to Lewis Danielson lot 12, block 186; consideration, $700. The Townsite company deeds to Lydia Daniels the northwest quarter of lot 2, block 553, Sixth addition; consideration, $125. Miss Luta Armstrong will leave to-morrow for Truly, where she will spend the next four months. The poles have arrived and work will be begun Monday on the new telephone sys. tem to Lewistown. From Great Falls to Stanford cedar poles will be used and between the latter place and Lewistown the poles will be of fir. Work will be rushed and the line will be completed by the time the wool season opens. William L. Hall, who shot Deputy Sheriff Duncan McLeod at Belt March 31, and pleaded guilty last Thursday to a charge of assault with intent to commit murder, was to-day sentenced by Judge Benton to 12 years' imprisonment. The maximum penalty is 14 years. A marriage lincense was issued to-day to S. G. Eckersley and Christina Brouson, both of Neihart. They will be married tomorrow by Judge Benton. J. B. Ferguson, who was examined in the district court a few days ago as to his sanity, and was discharged as harmless, was examined again to-day and admitted to the asylum. He repeated his former wondrous story, heretofore published in the STANDARD, about having five squaw wives and 54 children. Judge Benton asked him where his children were. He pointed to Dr. Gowan Ferguson, one of the jurors, and said: "There is the youngest and most mischievous." The doctor concurred in the verdict of insanity. A representative of Grinn & Co., the Boston school book publishers, is in Cascade county, endeavoring to secure the adoption of his firm's publications in the schools. Hon. J. E. Reynolds, a representative from Cascade county in the legislature, has arranged to publish a Sunday paper, the Sunday Item, the first number of which will appear May 12. The paper will be devoted to labor, society. finance and general news. Mr. Reynolds will be editor and principal proprietor.


Article from The Princeton Union, October 7, 1897

Click image to open full size in new tab

Article Text

Zumbrota Bank Schedule. Red Wing. Minn.. Special.-The report of Receiver Scofield, of the assigned Bank of Zumbrota, from May 2, 1895, to Jan. 1, 1897, just filed with the clerk of the court, shows collections during the period amounting to $8,664.33, and disbursements of a total of $3,690.60; leaving a balance of $4,974.73. He holds besides, secured notes of a total of $4,740, unsecured notes amounting to $7,033.73, overdrafts aggregating $614.35, and real estate of an estimated value of $5,500.


Article from Courier Democrat, October 7, 1897

Click image to open full size in new tab

Article Text

Zumbrota Bank Schedule. Red Wing, Minn.. Special.-The report of Receiver Scofield, of the assigned Bank of Zumbrota, from May 2, 1895, to Jan. 1, 1897, just filed with the clerk of the court, shows collections during the period amounting to $8,664.33, and disbursements of a total of $3,690.60; leaving a balance of $4,974.73. He holds besides, secured notes of a total of $4,740, unsecured notes amounting to $7,033.73, overdrafts aggregating $614.35, and real estate of an estimated value of $5,500.