West Side Bank (St Paul, MN)

Episode Information

Episode UID
3307411091124
Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
state
Bank ID
330741109 hash
Start Date
August 4, 1893
Location
St Paul, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
53a9a7556b4a9b0c

Response Measures

None

Description

City treasurer Miller's withdrawal demand precipitated the suspension; bank was described as solvent and reopened.

Events (4)

1. August 4, 1893 Run
Cause
Local Banks
Cause Details
Withdrawals triggered by the suspension of the German-American National Bank and general unrest led depositors to draw funds from West Side Bank.
Measures
Bank closed its doors at 1 o'clock; officers expected to resume in a few days.
Newspaper Excerpt
The closing of the German-American Bank ... caused some withdrawal of funds from other banks
Source
newspapers
2. August 4, 1893 Suspension
Cause
Local Banks
Cause Details
Immediate cause was heavy withdrawals (including a demand by City Treasurer Miller for city funds) that forced the bank to suspend payments temporarily.
Newspaper Excerpt
The West Side bank, capital $100,000, closed its doors at 1 o'clock. No statement has been made.
Source
newspapers
3. August 5, 1893 Other
Newspaper Excerpt
Depositors kept withdrawing money ... but by 6 o'clock not a depositor was in sight. Directors resolved to reopen in the next two weeks.
Source
newspapers
4. August 31, 1893 Reopening
Newspaper Excerpt
THE WEST SIDE BANK IS READY TO REOPEN WITH PLENTY OF CASH. The West Side bank ... will reopen for business this morning in better shape than ever before.
Source
newspapers

Newspaper Articles (20)

Article from Deseret Evening News, August 4, 1893

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ASt. Paul Savings Bank Closes Its Doors. ST. PAUL, Aug. 4.-The People's Savings bank closed its dooss this morning. The West Side Bank, with a capital ofa hundred thousand, closed its doors at lo'clock. No statement has been made. Bank officials say they expect to resume in a few days. The comptroller of the currency has appointed Daniel W. Lawler of this city to itake charge of the GermanAmerican bank. ONLY TEMPORARY. LEBANON, Pa., Aug. 4.- Lebanon Trust and Safe Deposit Bank failed this morning. It is a state institution and has a capital of $50,000. It is believed the suspension is only temperary. A BANK PRESIDENT ASSIGNS. JAMACIA, L. I., Aug. 4.-Frederick W. Dunton, president of the bank of Jamaica, New York, Brooklyn Surburban Investment company and Boynton 1 Bicycle Railroad company hasmadean assignment. He was one of the largest investors in Queens and Suffolk counties. The assets are more than enough to cover all the liabilities if not forced upon the market. He has resigned as president of the Jamaica Bank. AN INSURANCE COMPANY. DENVER, Aug. 4.-A receiver has been appointed for the Equitable Ac. cident Insurance company. The outstanding risks are six millions, reinsured with the Union Casualty company. Trouble among the stockholders was the cause of the failure. JAMES H. WALKER & CO. CHICAGO, Aug. 4.-James H. Walker & Co., dealers in dry goods, one of the firms in the city, confessed judgment today on a note for $5495. A receiver has been asked for. The amount involved is $2,000,000.


Article from The Daily Morning Astorian, August 5, 1893

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BANKRUPT BREVITIES. The People's Savings Bank of St. Paul closed its doors yesterday morning. A receiver has been appointed for the Denver Equitable Accident Insurance Company; its outstanding risks of $6,000,000 have been reinsured with the Union Casualty Company. Trouble among the stockholders caused the failure. The closing of the doors of the St. Paul German National Bank yesterday caused some withdrawal of funds from other banks, but no particular excitement or runs. James H. Walker & Co., dry goods, one of the largest firms in Chicago, confessed judgment yesterday on a note for $5,495. A receiver has been asked for. The amount involved is $2,000,000. The First National Bank of Hammond, Ind., capital $50,000, and the Citizens' National Bank, of Muncle, Ind., capital, $200,000, closed their doors yesterday morning. S. Jacoby & Company, cigar manufacturers of New York, have confessed judgments aggregating $30,000. Liabilities, $150,000. The West Side Bank of St. Paul, capital, $100,000, closed yesterday. No statement has been made.


Article from New-York Tribune, August 5, 1893

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ST. PAUL BANKS GO UNDER. SURPRI THAT THE GERMAN-AMERICAN CLOSED ITS DOORS. A STATEMENT FROM ITS OFFICERS TWO SMALLER INSTITUTIONS COMPELLED TO SUSPEND PAYMENT. St. Paul, Aug. 4.-The temporary suspension of the German-American National Bank last night, although not wholly unexpected in banking circles, was a great surprise to the general community. Still, so confident are the people of the strength of the remaining banks, that although some depositors are quietly withdrawing their money from a few banks, there is no particular excitement or general run on any of the banks, the savings banks for several days having been enforcing the sixty day rule, although most of them have abundant resources for any emergency. The failure of the Seven Corners Bank on Tuesday attracted little attention, as it has been known to be weak for a good many months. Some of the other banks had helped it at times, but felt, at the present time, a disinclination to continue their help, which seemed only to postpone the failure that finally came. But the closing of the German-American Bank last night was of a different character. It and its predecessors have been institutions of the city, the first organization having been effected in 1856, and all subsequent changes strengthening and enlarging the bank. Among its depositors were a great many small German depositors, who have been quietly withdrawing their money for some months. The bank was a severe sufferer by a number of business failures during the last two years. The difficulty of making collections and dislike for forced collections caused the suspension. The notice on the door reads: "Owing to the continual withdrawal of deposits the bank has been compelled to suspend. The bank has ample assets to pay all liabilities." According to statements by the officers and directors of the bank, the bank has $4,000,000 of good commercial paper, a banking-house and property worth at least $500,000, and other assets which will make $500,000 more, making a total of $5,000,000 to pay a deposit account of $2,261,000. The bank could go on again in ninety days if the Controller thought it best, even if the stockholders had to pay an assessment of 10 per cent. The People's bank closed its doors at noon. It has a capital stock of $200,000. No detailed statement of the affairs of this bank can be obtained before to-morrow. The same answer was given to the United Press representative when a statement of its affairs was asked of the officers of the West Side Bank, which latter has a capital stock of $100,000 and closed its doors at 1 o'clock. There are a few people hanging around some of the other banks, but no general run on any of them. There was a steady run on the Germania Bank all day. The officials decided to keep the bank open until 6 o'clock. St. Paul, Aug. 4 (Special).-"The Daily News" says: "Certain irregularities of the past of C. A. Hawkes, former cashier of the Seven Corners Bank, made the suspension of the institution necessary, and not the financial situation generally. Mr. Hawkes had the fullest confidence of the bank's officials, and bore an unblemished character. He employed this confidence in securing large loans, aggregating more than $35,000, from the funds of the bank, and placing his unsecured notes and the notes of his brother as security for the repayment of the money. This obtained, Mr. Hawkes had glittering prospects at the time money was taken out. He failed to lift his notes, however, although the matter was canvassed on several occasions by the directors. "Finally a time came when Mr. Hawkes stepped out of the cashier's desk, whether by request or voluntarily has not been stated by the bank people. No charges have ever been lodged against Mr. Hawkes by President Banholzer, of the bank, and according to Mr. Banholzer's own statement no charge will be preferred. T. B. Kellogg, attorney for Mr. Hawkes, appeared before the bank officials a day or two since and offered settlement in full of the Hawkes paper held by the bank. A day later Mrs. Mary B. Hawkes, mother of the cashier, transferred to President William Banholzer some real estate, the consideration being $18,500. This property is subject to a mortgage of $8.500 leaving $10.000 actually paid on the Hawkes


Article from The Herald, August 5, 1893

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BANIK FAILURES, Muncie, Ind., St. Paul, Minn., and Other Panic-Stricken Cities. MUNCIE, Ind., Aug. 4.-This morning the Citizens' National bank of this city failed to open its doors. A notice on the door said the assets were ample to pay all depositors. Hundreds of depositors congregated. The depositors of the Delaware National, Farmere' National and Merchants' National banks then commenced to draw out their money. The run continued until 4 o'clock this evening. Heavy deposits are being made by wealthy citizens to save the remaining three. WASHINGTON, Aug. 4. -The - treasury officials are advised that the First National, bank of Hammond, capital $50,000, and the Citizens' National bank of Muncie, Ind., $200,000,closed doors this morning. PLATTEVILLE, Wis., Aug. 4.-The First National bank closed its doors this morning owing to a heavy run. Assets $50,000 in excess of the amounts due depositors. ST. PAUL, Aug. 4.-The closing of the doors of the German American National bank this morning, as arranged for last night, caused some withdrawal of funds from other banks, but no particular excitement or runs. This morning the People's bank, with a capital of $200,000, suspended. No statement. The failure is not considered important. The West Side bank, capital $100,000, closed its doors at 1 o'clock. No statement has been made. The bank officials say they expect to resume in a few days. The comptroller of the currency has appointed Daniel W. Lawler of this city to take charge of the German American bank. LEBANON, Pa., Aug. 4.-The Lebanon Trust and Safe Deposit bank failed this morning. It is a state institution, and has a capital of $50,000. It is believed the suspension is only temporary.


Article from Rock Island Daily Argus, August 5, 1893

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QUITE A FLURRY AT ST. PAUL. A Persistent but Unavailing Effort to Break a Couple of Banks. ST. PAUL, Aug. 5.-St. Paul did not suffer seriously from the shock of the suspension of the National German-American bank. But two banks failed to weather the storm that broke over the city, and these were small ones-the Peodle's and the West Side banks. The two only had $160,000 in deposits, and of this $88,000 is city, county and state funds. During the early banking hours long lines of depositors were in front of every bank in the city, By the noon hour the crowds melted away from all the banks except the Germania and First National. Depositors kept withdrawing money from these steadily up to 3 o'clock. At the Germania Cashier Bickel appeared at that hour and posted a large placard stating that the bank would remain open until midnight to pay all demands. At the First National the doors remained open also and Cashier Bailey said the paying tellers would remain as long as there was a depositor in sight. President Hill, of the Great Northern, a large stockholder of the First National, sat in the bank all the afternoon, smilingly chatting with President Upham. It was stated that be had $2,000,000 in ready cash which he was willing to place at the disposal of the bank at a moment's notice. The institution, however, had no need of help from any source. It had $1,000,000 more than enough to pay every doll: asked for. The run was a wholly senseless one, induced solely by the general unrest, an dby 6 o'clock not a depositor was in sight. The situation was very much the sam at the Germania, and by 5:30 withdrawals had practically ceased. The clearing house statement was more favorable than was expected, and the bankers express the belief that the run will amount to nothing today. Daniel W. Lawler, late Democratic candidate for governor of Minnesota, has been appointed examiner to take charge of the GermanAmerican. It is stated that the bank will reopen for business in about fifteen days. Its bills receivable exceed its deposits more than $2,000,000.


Article from St. Paul Daily Globe, August 5, 1893

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AFTER THE STORM. Continued From First Page. and 1 feel sure it will soon be able to resume. The trouble is that the people having interest deposits that were payable on demand drew out their funds to such an extent that temporary suspension followed. We had no bother from our commercial depositors. It would probably have been better for us if we had confined ourselves strictly to commercial business and had nothing to do with people who deposit for the sake of the interest, for the reason that banks that pay interest on deposits must lend the money in order to make the interest, and then in times like this it is impracticable to convert assets into cash in time to meet all demands. Last March the deposit account of the bank stood at $260,000; that has been reduced to $160,000. The assets will amount to about $400,000, while the liabilities are in the neighborhood of $185,000." Among the creditors of the bank are the county, which has on deposit $29,600.52, and the city, a deposit of $17,197.30. The West Side bank suspended temporarily at noon yesterday. City Treasurer Miller sent to the bank at about that time to draw out the city funds there, but payment was refused and the doors of the bank closed. The bank was organized in 1886, and has a paid-up capital of $100,000. The officers are Joseph Minea, president; John Ickler, vice president, and George H. Hosmer, cashier. In speaking of the affairs yesterday, a gentleman interested in the bank stated that it is expected that the bank will reopen soon. It will take but a small amount of money to start the bank, and this can be secured as soon as it realizes on some of its paper. The bank is solvent, and all the depositors will be paid in full. The state has a deposit of $4,200, the county $24,705.35 and the city $11,110.71 in this bank. Depositors in both banks are perfect. ly secure.


Article from St. Paul Daily Globe, August 6, 1893

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A QUIET DAY. The Banks Pursuing the Even Tenor of Their Way. There was no trace of excitement in the banking circles of St. Paul yesterday. Calls at all the banks found no news in progress -anywhere, and the uniform report was made that more money was being deposited than drawn out. The people were evidently indulging the sober second thought and pursuing a sensible course. Bank Examiner Thorne arrived to take charge of the National GermanAmerican bank and relieve Mr. Lawler. As rapidly as possible he will prepare a statement of the condition of the bank and will probably have one ready during the week. The sentiment for a speedy resumption is heartily concurred in by local stockholders and all indications point to an early resumption of business. The People's and the West Side bank also expect to speedily resume business. A better feeling was prevalent throughout the city among bankers and business men generally, and the feeling was general that the storm had spent its fury. It is so generally recognized that depositors in St. Paul banks are secure that all indications of a panic have vanished. New accounts have been opened at the various banks by those who had been doing business at the suspended institutions, and business generally was going on as usual.


Article from St. Paul Daily Globe, August 6, 1893

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A STUPID OFFICIAL. By one of those strange political accidents which sometimes occur in the best regulated cities, a person who, we have been told, bears the name of MILLER, has been allowed to stray into the office of the city treasurer. Save for his stupidity his existence would hardly be known, but based on the amount of that element which he can display, his fame ought to be worldwide. Day before yesterday he concluded he would join in the financial scrimmage and close a bank or two, just for luck and prestige. He accordingly looked the field over, and finding he had sufficient city funds in the West Side bank to close it, if demand for immediate payment was made, proceeded in a spirit of financial hilarity to draw his checks upon that institution. Of course, the city was not only protected by the stability of the bank itself, but a heavy bond had also been given. This person by the name of-(never mind the name)-chuckled to himself as the thought of his coming achievement penetrated his dull brain. He grew happy *as he imagined what a great man he would make of himself by suspending a little bank, and forthwith proceeded to do up the job with neatness and dispatch. The bank circumvented him by suspending without paying the checks, and now he is wondering "where he is at" as he poses as the financier of the Northwest. If he keeps on in the same line of eifort we may be able to recall his name again before he completes his financial record.


Article from Rock Island Daily Argus, August 7, 1893

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Funny Incident of a Bank Scare. ST. PAUL, Aug. 7.-A funny incident of the bank scare here Friday was that while depositors were drawing money out of three banks falsely supposed to be weak and depositing it in the Second National, the last named bank was lending it right back to the banks which were experiencing the run. The directors of both the People's and West Side banks have held meetings and resolved to reopen in the next t wo weeks. A plan of re-organization for the German-American is already on foot.


Article from Morris Tribune, August 9, 1893

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Financial Flurry In St. Paul. Sr. PAUL, Aug. 7.-St. Paul experienced a financial flurry this week. Four banks suspended payment. They were the National German-American, West Side, Seven Corners and Peoples. They were all smali banks except the German-American, which had a capita! os $2,000,000. All but the Seven Corners bank will resume in a short time.


Article from Echo De L'ouest, August 10, 1893

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Bank et la West Side Bank de St. Paul, Minn., ont fait faillite. La Balk of St Charles, Minn., au capital de 150,000 dollars A suspendu ses paiements. FermΓ©es sont les portes de la Exchange Bank of Colby, Wis. MM. A. Thayer et Co banquiers de Sparta, Wis., ont fait faillite. OLa Peoples Bark of Waseca, Minn. L'Etat du Wisconsin a subi une perte de $150,000 par les recentes faillites de banques. La compagnie d'assurance mu tuelle centre le feu, de Bangor, Maine, a dΓ©posΓ© son bilan vendredi dernier. Le montant des risques de la compaguie est actuellement de $2,500,000.


Article from Oakes Weekly Republican, August 11, 1893

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Financial Flurry In St. Paul. Sr. PAUL, Aug. 7.-St. Paul experienced a financial Hurry this week. They suspended pay MY Four Dn were the National German-American West Side, Seven Corners and Peoples. 'They were all small banks except my Geritatt=American, which had a capital os $2,000,000. All but the Seven Corners bank will resume in it short time,


Article from St. Paul Daily Globe, August 13, 1893

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Mr. Miller and the Bank. In response to the criticism made in connection with the suspension of the West Side bank, City Treasurer Miller sends the GLOBE the following: NOTICE TO THE PUBLIC, In view of all that has been said in regard to the action of City Treasurer Miller in withdrawing his funds from the West Side bank, the officers and directors of the West Side bank wish to say, in justice to Mr. Miller, that we believe that he did what he considered to be his duty as the custodian of the city's funds, and we exonerate him from any intent to injure the bank. Mr. Miller has at all times in the past treated the bank fairly and courteously, and offers the bank every assistance he possibly can give to aid it in speedily resuming business. G. H. HOSMER, Cashier, On Behalf of the Officers and Directors.


Article from St. Paul Daily Globe, August 16, 1893

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TIED UP COUNTY FUNDS. County Commissioners Discuss Their Status Friday. The county committee on claims has been called to meet Friday evening at S o'clock for the purpose of meeting the sureties on bonds given to the county by banks that have funds in their possession and are at present suspended. These are four banks, as follows: National German-American, the Peoples', the West Side and the Seven Corners. The county attorney will be present, and the situation will be discussed, preparatory to making report to the board of county commissioners, which convenes in regular session the following Monday at 10 a. m. By a misunderstanding the bondsmen of the banks referred to met in the room of the board of county commissioners yesterday morning, but the board of county commissioners had not been called to meet by the mayor as given out to the newspapers, and consequently nothing was done.


Article from The Waco Evening News, August 17, 1893

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St. Paul Banks Reopen. ecial to The News: ST. PAUL, Aug. 17.-In accord. ce with a call issued by the board directors of the National Germanmerican bank ten days ago a gely attended meeting of the bekholders of that institution is ing held today. The statement the condition of the bank, which S been prepared since, the doors ere closed, shows that the failure as the result of a panic for which ere was no good cause, as the sets are largely in excess of the bilities. It is rather of a solvent stitution, being obliged to susnd on account of its inability to alize on its assets fast enough to eet the demands of foolish desitors. Arrangements are being ade today to resume business at early date, and the West Side d People's banks, which closed der similar circumstances, will 80 probably open their doors in a ort time.


Article from St. Paul Daily Globe, August 19, 1893

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WILL PAY THE COUNTY. Suspended Banks Declare That All Claims of Ramsey County Will Be Settled. The committee on claims of the board * of county commissioners met last night to confer with the sureties on bonds given by banks that have suspended to indemnify the county against deposits made with such banks. Mr. Lavallee stated to the representatives of the banks present that he believed it to be the policy of the board of county commissioners to be as lenient as possible and go as far as it can to aid the banks to resume in cases where such course is contemplated. The object of the meeting was to learn from the banks-or rather the bondsmen-what course is intended to be pursued, so that the committee may report to the board at its meeting Monday. Joseph Lockey, president of the National German-American bank, stated that his bank expects to resume, and is making an effort in that direction with fair prospects of success. He expressed a belief that the depositors will be paid in full, in any event, within a reasonable time. Joseph Minea, of the West Side bank, stated that his bank expects to resume about the 1st of September, and has made arrangements tomeet all demands made upon it by depositors. H. L. Williams, attorney for the People's bank, stated that President Rittenhouse is out of the city. He was authorized to state, however. that this bank expects to open its doors very soon, and is making arrangements to meet the obligations to depositors. The committee expressed satisfaction at the statements made by the banks mentioned, and the representatives left the committee room. The Seven Corners bank matter was then taken up. Ex-Gov. Marshall stated that he expected the president, well as the assignee and hisattorney, to be present at the meeting, and, in their absence, would prefer not to make a statement. A few moments later William Banholzer, the president of the bank, came in, and, being told by Mr. Lavallee that Mr. Marshall had already stated that the Seven Corners bank does not contemplate resuming, Mr. Banholzer said that there is no prospect of that bank opening its doors; that much had been settled. He informed the committee, however, that arrangements are almost completed for securing the prompt payment to the county of its deposit of $49.000 or more. Four of the. bondsmen have been arranging to deliver into the hands of a trustee securities to an amount about double the liability of the bank to the county. By this arrangement the county will be able to receive all its money at once if demanded. The arrangement will be completed, probably, today. or not later than Monday. He said further that it is now practically arranged, with the exce 00 of determining whether the ull amount shall be placed in the hands of the trustee in cash, or part of it in securities and part in cash. This statement will be reported by the committee to the board Monday.


Article from St. Paul Daily Globe, August 31, 1893

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# WILL RESUME TODAY. THE WEST SIDE BANK IS READY TO REOPEN WITH PLENTY OF CASH. Reunion of the Sixth Minnesota to Occur at Minnehaha on Saturday-People's Church to Establish a Parish House - Annie Preston Fails to Strangle Herself. The West Side bank, which closed its doors several weeks ago, will reopen for business this morning in better shape than ever before. Satisfactory arrangements have been made with all the creditors, and the capital of the bank remains unimpaired. Deposits will be received subject to check at any time, and those having moneys on deposit at the time of the suspension may withdraw them at pleasure. All demands will be met promptly, and all payments made in full. The officers of the bank have assurances of a liberal support from its old-time depositors and patrons, and look forward to a continuance of the confidence formerly re-posed in the institution.


Article from The Star, September 6, 1893

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Financial and Commercial. The New York "World" prints a list of 20 banks which have resumed business, also a list of about 50 manufacturing establish ments which have resumed operations since August 19. The West Side bank, St. Paul, Minn., which closed its doors August 4. reopened for business. The State National Bank. the last one of Denver's six suspended national banks, opened its doors again, The Commercial National will resume again in a few days. The Queen City bank, Buffalo, N.Y., which suspended several weeksago, resumed business.


Article from Oxford Eagle, September 7, 1893

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PERSONAL AND GENERAL. SECRETARY CARLISLE has ordered that the United States mints at Philade]phia* and San Francisco be fully manned and the full capacity of both mints utilized. in the coining of gold bullion. The treasury department possesses from $85,000,000 to $90,000,000 worth of gold bullion, which is a part of the gold reserve of $100,000,000. AT an early hour on the morning of the 28th the Baltimore & Ohio freight depot at McKeesport, Pa., a large iron structure, was completely wrecked and its contents destroyed by fire. Matches in household goods stored in the building are supposed to be the cause. The loss can not be fully estimated, but is several thousand dollars. HAYWARD A. HARVEY. the inventor of the Harveyized steel armor plate and roller screw, died on the morning of the 28th, at Orange, N. J., from kidney trouble. He had been sick for the past six months. B. F. BOOMER and his son Allen, private bankers at Waukon, la., were arrested, on the 28th, and taken to Lansing. They were charged with receiving deposits knowing they were insolvent.) RIOTING in San Sebastian, Spain, was renewed, on the night of the 28th, the orchestra again refusing to play the Basque hymn. The troops fired. wounding many civilians. The streets were patroled by the military all night. Two ACRES of buildings in the business center of Delavan, Wis., were destroyed by fire on the night of the 28th. Next morning the town was without a hotel, a livery stable or post office. FRIENDS of the cholera patients who were being conveyed to the pest house in Brahilov, Roumania, on the 28th, attacked the attendants. The police fired into the mob, wounding many. MORE than 100 persons at Shelesnovodsz, a summer resort in the Caueasus, were poisoned, on the 29th, by impure koumiss. The rest of the summer visitors left in a panie. THE official vote on the passage of the Wilson repeal bill shows Boatner (dem., La.) and Capehart (dem., W. Va.) not voting. This makes the total vote: Yeas, 239: nays, 109. CHAUTAUQUA, N. Y., suffered a loss amounting to several thousand dollars from a storm on the night of the 29th. THE epidemic in Grimsby, an English seaport in Lincolnshire, has been declared officially to be Asiatiecholera, after having been called a "choleraie disease" for many days. The last vietim of the disease was a woman, who died on the 29th. Several other cases before hers had ended fatally. THE New York republican state committee. at their meeting on the Sist, decided to hold their convention at Syracuse on October 6th. THE West Side bank of St. Paul, Minn., which suspended August 4, resumed business on the 31st. THE last stage of the home-rule debate in the British house of commons began on the 30th. THE steamer Alameda arrived at San Francisco from Sydney, via Honolulu, on the 31st, bringing news from the latter place of a conspiracy of royalists torestore the queen by firing the city, dynamiting the buildings and then in the panie rushing in and capturing the government building. The plot becoming known, however, to the authorities, was abandoned or postponed. FIVE carsof the 1:50 p. m. train on the Bost & Albany railroad from Pittsfield went through the bridge at Chester, Mass., on the 30th. Fifteen persons were killed and twenty-seven injured. THE steamship Aller. which arrived at New York on the 31st, brought 1,735,000 franes and Β£80,000 gold. THE weekly statement of the Bank of France, published on the 31st. shows a decrease of 13,000.000 francs gold and 5,495,900 trands silvers


Article from The Redwood Gazette, September 7, 1893

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MINNESOTA NEWS. The West Side bank at St. Paul has resumed. An injunction has stopped work on the jail at Granite Falls. The Lake Crystal Mirror' has suspended on account of hard times. Burglars stole $200 worth of goods from M. Solum's tailor shop at Kenyon. R. M. Allen of Illinois has been appointed Indian agent at White Earth, Minn. The New Ulm high school has been made a state high school of'the second class. The state W. C. T. U. annual convention will,be held at St. Paul Sept. 13 to 15. The village of Detroit is having a large well suak to supply its system of waterworks. Governor Nelson has appointed Professor Pendergast state superintendent of education. Banks at Lanesboro and Lyle have closed during the past week. Both will pay in full. Minneapolis authorities believe they have one of the murderers of J. P. Harris in custody. An incendiarv fire at Fosston destroyed stetter Bros.' machinery sheds. Loss, $5,000. F. V. DeCoster's jewelry store at Litchfield was burgiarized last week. Several watches were among the plunder. Winona papers say their city is fast becoming cosmopolitan, and find the proof in the number of strangers in the town. The St. Paul anti-coal combine committee has issued a circular to the people of the state asking them to delay buying coal for a time. Comptroller Eckels has given the St. Paul National German-American bank until Oct. 1 to resume. He refuses to allow a reduction of capital stock. The church troubles at Winona have apparently ended by the appointment and acceptance by the Poles of Rev. A. Klawiter as pastor of St. Stanislaus Catholic church. The Red river drainage commission has advertised for bids for opening closed portions of Sand Hill river in Polk and Tamarack river in Marshall county. The bids will be opened Sept. 9. The notes taken from the safe of Nelson, Tenney & Co. of Delhi have been found. The robber and cash are still missing. The amount of the theft is $5,000 instead of $500, as previously reported. On Monday Senator Dedon, state cruiser for the state pine land investigating committee and special assessor for Itasca county, began the work of reassessing that county. He started out with 15 experienced men. The new rate on flour from the Northwest to the Atlantic seaboard went into effect Tuesday, and flour is now being carried at 15 cents per 100 pounds from Duluth to New York, and 22 1-2 cents from St. Paul and Minneapolis. The Milwaukee road has withdrawn i S suit against the Omaha growing out of its contested land grant in the counties of Watonwan, Martin, Jackson, Nobles, Murray. Blue Earth, Pipestone and Rock. About 240,000 acres are involved. Wheat receipts at Minneapolis for the crop year just closed were 64,952,550 bushels, against 72,023,160 in 1892 and 51,703,955 bushels in 1891. The flour shipments for theyear were 8,599,562 barrels, as against 9.120,560 in 1892 and 7,060,391 barrels in 1891. Coal for state institutions has been contracted for at a reduction from combine prices at 7 cents on bituminous and 25 cents on anthracite. The saving to the state is about $2,000 on combine prices. Goodnow & Lawther of Minneapolis took the contract. The railroad and warehouse commission has fixed grain gradesfor the year. No alteration was made in the grades as established last year, with the exception of the omission of a note affecting No. 2 Northern spring and No. 3 spring wheat made on account of light weight. Thursday, Sept. 7, has been set apart as Minnesota stock day at the world's fair. It will be celebrated by a parade of all the biooded stock from the state, of which there are 218 head on the grounds. Minnesota has, up to date, taken over 70 premiums on stock and horses, and the state commissioners consider it proper to celebrate the event in some fitting manner.