Northern Trust Company (Minneapolis, MN)

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Easter Financially

MINNEAPOLIS, Minn., Dec. 30.-The financial situation 18 much easter today. The announcement that the Bankers' Exchange bank had suspended payment for a few days caused scarcely a ripple as the Institution 18 small with only $30,000 capital. The run on this bank has taken $85,000 from it in three weeks. Cashier Field declared he had plenty of ready money but preferred to await the band examiner's advice before making further payments. The Northern Trust company, through its president, George Maxwell, applied to a district court this morning for a receiver. The hearing was postponed a week. Ex-Governor A. R. McGill to president. The company suspended payment in 1893 but afterwards resumed.

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SITUATION EASIER

No Apprehension Felt as to the Larger Minneapolis Banks. MINNEAPOLIS, Dec. 31.-The financial situation is much easier here and no apprehensions are felt as to the security of any of the large banks. The anmouncement that the Bankers' Exchange bank had sust nded payment for a few days caused scarcely a ripple, as the institution is a very small one, with only $30,000 carital. There had been a run on the bank which has taken $35.000 from it in three weeks. Cashier Fie d declared that he had plenty of ready money in the van.t but preferred to await the bank examiner's advice before making furcher payments. The Northern Trast company. through its vice president, George H. Maxwell, applied to the district court for a receiver. The hearing was postponed one week. Ex-Governor A. R. McGill is its president It suspended payment during the panic of 1893 but afterwards resumed bus.ness.

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SITUATION EASIER

No Apprehension Felt as to the Larger Minneapolis Banks. MINNEAPOLIS, Dec. 31.- The financial situation is much easier here and no apprehensions are felt as to the security of any of the large banks. The announcemeut that the Bankers' Exchange bank had sust nded payment for a few days caused scarcely a ripple, as the institution is a very small one, with eniv $30,000 cavital. There had been a run on the bank which has taken $35,000 from it in three weeks. Cashier Fie d declared that he had plenty of ready money in the van't but preferred to await the bank examiner's advice before making further payments. The Northern Trast company. through its rice president, George H. Maxwell, applied to the distritt court for a re. ceiver. The hearing was postponed one week. Ex-Governor A. R. McGill is its president It suspended payment during the panic of 1893 but afterwards resumed bus. ness.

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Building Concern Busts

Minneapolis, Dec. 30.-The Northwestern Loan and Building association today applied for a receiver for the Northern Trust company, alleging insolvency. The matter was put over until Jan. 7. Governor McGilchrist is president of the trust company. The capital is $500,000. Liabilities are estimated at $500,000.

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TWO MORE BANKS -Throw Up the Sponge in MinneapolisDepressed Financial Conditions the Cause. Minneapolis, Minn., Dec. 30.-The Bankers' Exchange bank went into the hands of Bank Examiner Kenyon this morning. Depositors have drawn out about $35,000 the past few days and President Field concluded to close, though he had in the vaults nearly 30 per cent. of all the money lon deposit. The bank is less than a year old, having been incorporated last year. Its loans and discounts are $68,000, its capital $30,000 and its deposits are about $40,000. Depositors will be paid in full and a fair sum will be left for stockholders. George Maxwell, vice-president of the Northern Trust company, made application this morning for a receiver of the company. The following statement was issued by the company: "This company has for some time been seeking to realize upon its loans and securities, and has until now been able to maintain itself without difficulty, but the present depressed condition of finances is such that it has been unable to realize as it had hoped, and the suspension within two or three days of some of the bank's firms of the city in which was deposited some of its available funds has somewhat embarrassed it in the transaction of its business. "Independent of its assets, the company has a list of responsible stockholders, who are abundantly able to make good any deficiency that may result from depreciation in value of its assets, so that the creditors of the company need have no apprehension as to the ultimate results, their claims will all be paid in full, even if the company is not permitted to immediately resume business, as is now hoped." The liabilities of the company are about $500,000. Judge Jamison issued a restraining order returnable at 10 o'clock tomorrow morning. Judge Beldon signed an order this morning appointing Judge A. Ueland receiver of the Washington bank under a bond of $200,000. The petition recites that the bank has $27,774 more liabilities than assets. Deputy Controller Coffin is still in charge of the Columbia National bank, awaiting the arrival of Bank Examiner Cooke. The Farmer's and Mechanic's bank issued a notice this morning requiring all depositors to give sixty days' notice before being permitted to draw deposits. The bank issued a statement saying it had $800,000 in its vaults. The clearing house association held a meeting and resolved to stand by all of the ten banks which are members of the organization. There was a heavy run on 'the St. Anthony Falls bank this afternoon. All demands were paid and the excitement quieted down.

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QUIET AT MINNEAROLIS

Excitement Over Recent Bank Failure Has Subsided. Minneapolis, Minn., Dec. 31.-Excitement over the recent bank failures in this city has entirely subsided and all is quiet again. There were no runs ofeonsequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust Company and A. B. Derelieus for the Bankers' Exchange Bank, toth . . of which suspended yesterday.

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QUIET IN MINNEAPOLIS

Minneapolis, Dec. 31.-Excitement over the recent bank failures in this city has entirely subsidedand all is quiet again. There were no runs of consequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust company, and A. B. Derellous for the Bankers' Exchange, both of which suspended yesterday.

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MINNEAPOLIS OVER THE SCARE

The Situation in Banking Circles Has Calmed Down. Minneapolis, Minn., Dec. 31.-Excitement over the recent bank failures in this city has entirely subsided and all is quiet again. There were no runs of consequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust Company, and A. B. Derelius for the Bankers' Exchange Bank, both of which suspended yesterday.

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SITUATION EASIER

No Apprehension Felt as to the Larger Minneapolis Banks. MINNEAPOLIS, Dec. 31.-The financial situation is much easier here and no apprehensions are felt as to the security of any of the large banks. The announcement that the Bankers' Exchange bank had suspended pay. ment for a few days caused scarcely a ripple, as the institution is a very small one, with only $30,000 capital. There had been a run on the bank which has taken $35,000 from it in three weeks. Cashier Field declared that he had plenty of ready money in the vault but preferred to await the bank examiner's advice before making further payments. The Northern Trust company,through its vice president, George H. Maxwell, applied to the district court for a receiver. The hearing was postponed one week. Ex-Governor A. R. McGill is its president. It suspended payment during the panic of 1893 but afterwards resumed business.

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THE EXCITEMENT SUBSIDES

All Is Quiet in Minneapolis-No Runs of Consequence. MINNEAPOLIS, MINN., December 31.The excitement over the recent bank failures in this city has entirely subsided, and all is quiet again. There were no runs of consequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust Company, and A. B. Derelieus for the Bankers' Exchange Bank, both of which suspended yesterday.

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SITUATION EASIER

No Apprehension Felt as to the Larger Minneapolis Banks. MINNEAPOLIS, Dec. 31.-The financial situation is much easier here and no apprehensions are felt as to the security of any of the large banks. The announcement that the Bankers' Exchange bank had suspended payment for a few days caused scarcely a ripple, as the institution is a very small one, with only $30,000 capital. There had been a run on the bank which has taken $35,000 from it in three weeks. Cashier Field declared that he had plenty of ready money in the vault but preferred to await the bank examiner's advice before making further payments. The Northern Trust company,through its vice president, George H. Maxwell, applied to the district court for a receiver. The hearing was postponed one week. Ex-Governor A. R. McGill is its president. It suspended payment during the panic of 1893 but afterwards resumed business.

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ALL QUIET AGAIN And the Excitement Over the Minneapolis Bank Failures Has Subsided. MINNEAPOLIS, Minn., Dec. 31.-Excitement over the recent bank failures in this city has entirely subsided and all in quiet again. There are no runs of consequence on any of the banks. Daniel Fish has appointed receiver for the Northern Trust Co., and A B. Derelieus for the Bankers' Exchange bank, both of which suspended Wednesday.

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Youths' Temple of Honor Assigus

Minneapolis, Jan. 20.-The Youths' Temple of Honor, an insurance organization, assigned to-day. It is said to have been embarrassed by the suspension of the Northern Trust_company. The liabilities may reach $100,000; assets will be small.

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BUSINESS TROUBLES

A Life Insurance Organization Assigns Other Failures. MINNEAPOLIS. MINN., Jan. 20:-The Youth's Temple of Honor, a life insurance organization to-day made a voluntary deed of assignment to Dr. Russell T. Goodwin, supreme secretary of the organization. It is said to have been embarrassed to some extent by the suspension of the Northern Trust Company. A statement of condition is being prepared.

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INSURANCE COMPANY FAILS

The Youths Temple of Honor Makes a Voluntary Assignment. Minneapolis, Minn., Jan. 20.-The Youth's Temple of Honor, a life insurance company, to-day made a voluntary deed of assignment to Dr. Russell T. Goodwin, supreme secretary of the organization. It is said to have been embarrassed to some extent by the suspension of the Northern Trust Company. A statement of the condition is being prepared." The liabilities may reach $100,000; the assets will be small.

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Temple of Honor Assigns

Minneapolis, Minn., Jan. 20.-The Youths' Temple of Honor, an insurance organization made a voluntary deed of assignment to Dr. Russell A. Goodwin, supreme secretary of the organization. It is said to have been embarrassed to some extent by the suspension of the Northern Trust company. A statement of the condition is being prepared. The liabilities may reach $100,000; assets will be small.

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Temple of Honor Assigns

Minneapolis, Minn., Jan. 20.-The Youths' Temple of Honor, an insurance organization made a voluntary deed of assignment to Dr. Russell A. Goodwin, supreme secretary of the organization. It is said to have been embarrassed to some extent by the suspension of the Northern Trust company. A statement of the condition is being prepared. The liabilities may reach $100,000; assets will be small.

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In Supreme Court

The supreme court yesterday affirmed the order of the probate court in the estate of D. H. Valentine. from which John Martv had appealed. Marty did not file briefs, and hence defaulted. The case of Daniel Fish, as receiver of the Northern Trust company of Minneapolis, against John S. Pillsbury et al., has been continued to next term. The call for today: Nos. 176, 184, 230.

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MINNEAPOLIS GLOBULES.

The Joannin Hanson company, sash, door and blind manufacturers, has made an assignment to Charles W. Brown.

Judge McGee yesterday morning issued an order requiring the creditors of C. A. Carstensen to file releases by Jan. 20, 1898.

Charles T. Leonard, manufacturer of tents and awnings, made an assignment for the benefit of credit rs yesterday, to S. T. Hauser. No figures are given.

Detective Hicks arrested Onie and Richard Reardon yesterday morning for burglary. It is alleged that they entered William Groves' residence at 802 Girard avenue north on two separate occasions, and each time secured a watch. Onie Reardon has been under arrest before.

In spite of the opposition of holiday time, etc., "At Piney Ridge" is being greeted with good sized audiences at the Bijou. Everybody who sees this interesting Southern drama votes it one of the best productions ever seen here. It is a play of natural scenes, natural story and natural players. Christmas matinee this afternoon at 2:30.

A report has been filed by the assignee of James McNair showing receipts of $4,370 and disbursements of $735, leaving $3.635 on hand. The assignee estimates the value of the stock still on hand at $5,000, and states that it is doubtful if the real estate and the book accounts will realize anything at all.

Lieut. Falk, inspector of rifle practice of the National Guard, is to be banqueted Wednesday evening at the Commercial club by the boys of Company I. There will be music and a programme of toasts. The lieutenant is one of the most popular, as well as one of the most efficient, officers in the service.

Daniel Fish, receiver for the Northern Trust company, has filed a supplementary report showing receipts since Dec. 2, $1,620.79; disbursements, $1,223.27, and cash on hand, $4,360.59. With the report are statements of accounts of Biddle & Ward, attorneys of Philadelphia, $813.30, and E. B. Bennett, of Hartford, Conn., $903.35.

Theater goers look for something quite out of the ordinary at Christmas time, and those who patronize the Metropolitan today will not be disappointed, as "The Heart of Maryland," the very excellent drama by David Belasco, which Mrs. Leslie Carter and a splendid company have been presenting this week, is in every sense a capital holiday attraction.

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COURT RECORD.

In the superior court yesterday Judge G. W. Wheeler handed down a decision overruling the plaintiff's demurrer to the answer in the case of Daniel Fish, receiver of the Northern Trust company of Minneapolis, against Henry Rogers of this city. There are similar suits brought by Receiver Fish against the estate of Ebenezer Gilbert of East Haven and Andrew H. Smith of this city.

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THE SUPREME COURT.

Two New Haven County Appeals Argued Yesterday.

Bridgeport, Oct. 25.—The supreme court of errors heard two cases yesterday, both New Haven county suits. The first was that of Daniel Fish, receiver of the Northern Trust company, insolvent, of Minneapolis, Minn., against Andrew H. Smith of New Haven, which was up on defendant's appeal. The plaintiff sued to recover $500, the unpaid portion of $1,000 of stock in the Trust company held by the defendant, who refused to pay the balance when it was called after the company got into difficulties. The plaintiff secured judgment in the New Haven county superior court for $591.50, and costs. E. B. Bennett for plaintiff, Rogers and Matthewson for defendant.

The second case was that of Charles N. Morgan of New York against the Randolph & Clowes company of Waterbury. The plaintiff sued for $1,000 for legal services and in the superior court judgment was given for the defendant to recover costs. The case is before the supreme court on the plaintiff's appeal. Rogers for plaintiff, Burpee & Carmody for defendant.