Merchants National Bank (Devils Lake, ND)

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Episode Information

Episode UID
371401165
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
37140 national
Charter Number
3714
Start Date
January 4, 1897
Location
Devils Lake, North Dakota (48.112, -98.876)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e64c2dbf77701ba9

Response Measures

Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-11
Date receivership terminated
1897-08-07
OCC cause of failure
Losses
Share of assets assessed as good
49.6%
Share of assets assessed as doubtful
43.0%
Share of assets assessed as worthless
7.5%

Description

Bank went into receivership but later paid claims in full and was returned to stockholders.

Events (6)
1. May 24, 1887 Chartered
Source
historical_nic
2. January 4, 1897 Run
Cause
Local Banks
Cause Details
Withdrawals following regional bank failures/unrest (stated unrest after other bank failures) and prospect of general run; county deposit possibly to be withdrawn and non-arrival of train with currency exacerbated withdrawals.
Measures
Cashier declined to open doors; bank closed awaiting action of the comptroller; examiner/receiver later called in.
Newspaper Excerpt
A number of depositors withdrew their money Saturday; prospect of a general run
Source
newspapers
3. January 4, 1897 Suspension
Cause
Local Banks
Cause Details
Management closed bank pending comptroller action because of heavy withdrawals and threat of a general run.
Newspaper Excerpt
Bank closed awaiting the action of the comptroller.
Source
newspapers
4. January 11, 1897 Receivership
Source
historical_nic
5. January 12, 1897 Receivership
Newspaper Excerpt
The controller of the currency has appointed C. H. Springer receiver of the Merchants' National Bank of Devil's Lake, N. D.; Comptroller Eckels appointed Charles H. Springer receiver of the Merchants' National Bank, of Devils Lake, N. D., recently failed.
Source
newspapers
6. May 22, 1897 Reopening
Newspaper Excerpt
Judge Morgan has signed an order authorizing the stockholders of the Merchants' National bank to pay off all claims of depositors, after which they will regain possession of the bank assets.
Source
newspapers

Newspaper Articles (21)
1. January 5, 1897 The Record-Union Sacramento, CA
Article from The Record-Union, January 5, 1897

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136. SACRAMENTO. TUESDAY, MORNING, JANUARY 5, 1897.-EIGHT PAGES. ho street who claim that their property has bling and demanding their money. We ARRESTED ON A in been damaged by the raising of the HEAVY STORMS could not refuse, and in a little while th grade on that thoroughfare. there was a good-sized run on the tit bank. We were obliged to close up to CONTINUE IN THE EAST. CHARGE OF FORGERY Suspended Publication. in save ourselves." PETALUMA, Jan. 4.-The "Daily St The official statement of the West Argus, after running two years, suscit Side Bank made to the State Bank ExUn pended publication to-day. Its proaminer December 17th is as follows: prietors, McNabb & Cassidy, will conou Total assets, $217,014 17. Of this $150,th tinue the weekly edition. 000 was in loans and discounts, and An Iowa Youth Who Was Thrown Into Great Havoc Played With Trains Runpri $28,000 in real estate. The total deposCharged With Murder. its were $113,546. The furniture and Jail at Portland, Oregon. ning Into Omaha, Nebraska. SEATTLE (Wash.), Jan. 4.-Sheriff fixtures represented $2,200, and bills reVan de Venter to-day arrested at Gildiscounted $1,500. Le man, this county, George H. Thomas, There was a considerable run on wanted for murder in Garnet, Kan. three savings banks during the aftero noon, but all gave depositors notice FLAGS AT HALF MAST. wa that they must give sixty days' notice Secures a Money Order Belonging to Heavy Snow and Wind Reported the before withdrawing funds. All are Deep Regret at Montreal Over the Another and Cashes It. Iris perfectly solvent, and the action of the Throughout the State. Death of a Respected Citizen. WIC depositors was wholly due to the genba: erally panicky feeling. MONTREAL, Jan. 4.-Sir Joseph rul Hickson, ex-General Manager of the FAILURE IN NORTH DAKOTA. dri Grand Trunk Railway of Canada, died DEVIL'S LAKE (N. D.), Jan. 4.did ait 10:30 o'clock this forenoon. Sir JoThe Merchants' National Bank did not An Arizona Editor Loses a Limb A Blizzard Raging in Central Iowa, ma seph had been confined to his home open its doors this morning. The norul for some months, but it was not genWhile Endeavoring to Board a tice posted was "Bank closed awaiting With the Mercury Standing Below the erally known that he was suffering the action of the Comptroller." Zero-The Heaviest Storm in Years wa Moving Train-A Prominent Idaho from a fatal malady. His ailment was A number of depositors withdrew we diabetes, which induced a general their money Saturday. The county deFarmer Beaten Into Insensibility Raging in South Dakota-Michigan general break-up of the system. posit of $4,500 would probably have Sir Joseph Hickson was born in Engby Whitecaps-Minister to Hawaii and Kansas Also Experience the been called for to-day, when the new A land sixty-six years ago. He came to Treasurer took charge. This together ou Willis at Death's Door. Canada in 1861, and steadily worked Effects of a Heavy Storm. with the prospect of a general run and so his way from the post of accountant the non-arrival of a train owing to the of to General Manager of the road, the blizzard with additional currency from PORTLAND (Or.), Jan. 4.-Detective OMAHA, Jan. 4.-The blizzard which thi latter office being assumed in 1874, and the East, probably caused the decision Welsh and Postal Inspector Gordon visited this city Sunday still, continues, sti retained until 1891, when he retired. of Cashier Wemple not to open the arrested Lloyd B. Stone of Delta, Ia., and while comparatively little snow has do He was knighted in the year of his doors. The last statement, December at the home of his father at Mount Taretirement. fallen, the wind drifts what has fallen dw 17th, showed deposits of $47,000; bills bor for forgery to-day. Stone, who is and impedes traffic. Snow plows and Sir Joseph was one of the members the payable $7,500, and discounts, stocks but 20 years old, came from Iowa with road scrapers have been constantly on and Chairman of the Government Comfor and securities $55,000, cash $12,500. a friend named Chandler. At Omaha the go all day. The thermometer has cui mittee on prohibition in 1892, and was

2. January 5, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 5, 1897

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At Devil's Lake, Too. Devils Lake, N. D. Jan. 4. -The Merchant's National bank did not open its doors this morning. The notice posted was: "Bank closed awaiting the action of the comptroller." A number of depositors withdrew their money Saturday. The county deposit of. $4,500 would probably have been called for, today, when the new treasurer took charge. This, together with the prospect of a general run and the non-arrival of a train owing to the blizzard with additional currency from the east, probably caused the decision of Cashier Wemple not to open the doors. The last statement, Dec. 17, showed deposits of $47,000; bills payable, $7,500, and discounts, stocks and securities $55,000. Cash on hand, $1,200.

3. January 5, 1897 Wheeling Register Wheeling, WV
Article from Wheeling Register, January 5, 1897

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COMMISSION MERCHANT ASSIGNS. CINCINNATI, O., January 4.-F. C. Balless. commission merchant, 110 East Front street, assigned to C. W. Scott. Assets, $21,000: liabilities, $37,000. THE MERCHANTS, OF DEVIL LAKE. DEVIL'S LAKE N. D., January -The Merchants National Bank closed its doors to-day pending action of the comptroller of the currency. President Percival is in the East, and the cashier would make no statement. The last statement showed $47,000 deposits. JEWELRY FIRM FAILS. CHICAGO January 4.-L. W. Abt & Co., wholesale jewelers, falled to-day. AN IOWA BANK BROKE. MASON CITY, Iowa. January 4.-The First City Bank of Nora Springs has failed. An assignment was made to Byron Gammidge.

4. January 5, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 5, 1897

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line before the paying teller's window. The bank officials realized fully what such a run meant, and promptly called on Bank Examiner Kenyon to take possession of the bank and that official is now in charge. The West Side bank. a small but possibiy stronger bank. cleared through the Allemania, and today its clearings were returned by the latter institution. Following this, there was 3 run inangurated on the bank, and at 2 p. m. the bank officials closed the doors and called a meeting of the directors to decide what action to take. The decision was apparent late in the afternoon, when they filed a deed of assignment to Cashier Staples, the cashier of the bank. Considerable public money (s tied up in the, three institutions, ut there is ample for all immediate needs in the other banks of the city. The assignment of the Germania and West Side banks has brought up a somewhat new question in the banking laws of this state and the courts will be called on to settle R. The state bank examiner doubts their rights to assign, holding that they should have under the law turned over their assets to him. The attorney general intimates that he will bring action to test the matter as soon as the papers can be prepared. The last official statement of the Germania bank. December 21, gave loans and discounts, $975,420.53; cash, $150,000; total resources, $1,625,788. Among the liabilities were: Capital stock, $400,000; surplus and undivided profits, $58,797; individual deposits subject to check, $345,191; demand certificates of deposit, $7,809: time certificates of deposit, $633,019. The last official statement of the Allemania, made December 17, showed loans and discounts, $706,842; undivided profits, less expense, $58,764; individual deposits, $329,789; interest certificates, $187,253. The total assets of the West Side bank are $217,024.17; of this $150,000 is in loans and discounts, and $28,000 in real estate. The total deposits are $113,546. ST. PAUL. Jan. 4-A Devil's Lake, N. D., special to the Dispatch says: The Merchants' National bank closed today, pending the action of the comptroller of the currency. The bank was organized in 1887, with $50,000 capital stock. Several years later Fashley Mears bought a controlling interest and increased the capital to $100,000. 'In 1892, when the Mears string of banks went down. the affairs of the Merchants' National were put in the hands of John A. Percival, the stock being reduced to $50,000. The last statement showed $47,000 deposits. MASON CITY, Iowa, Jan. 4.-The First City bank of Nora Springs has failed. An assignment has been made to Byron Gamming. QUINCY. Ill., Jan. 4.-The wholesale and retail crockery store of H. Ridder & Co. failed today. Assets, $40,000; liabilities, $30,000.

5. January 5, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, January 5, 1897

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ONE OF MEARS' BANKS. Failure at Devil's Lake Does Not Affect Other Institutions. Special to the Globe. DEVIL'S LAKE, N. D., Jan. 4.-The Merchants National Bank did not open its doors this morning. Notice was posted as follows: "Bank closed awaiting the action of the comptroller." A number of depositors withdrew their money Saturday. The county deposit of forty-five hundred dollars would probably have been called for today when the new treasurer takes charge. This together with the prospect of a general run and the non-arrival of the train, owing to the blizzard, with additional currency from the East, probably caused the decision of Cashier

6. January 6, 1897 The Enterprise Wellington, OH
Article from The Enterprise, January 6, 1897

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FIVE BANKS SUSPEND. Three Concerns at St. Paul Fail and Institutions in Iowa and North Dakota Put Up the Shutters. ST. PAUL, Minn., Jan. 5.-The Germania, the Allemania and the West Side banks, all doing business as state banks, closed their doors Monday, every one of them being pulled down by their depositors. The failure of the Bank of Minnesota, December 22, caused unrest in the community, and depositors withdrew their money from the three banks above named to such an extent that they were forced to go to the wall because they had not funds enough immediately in hand to meet the demands upon them. Each of the three, however, is solvent and all of them will reorganize as soon as the machinery for that purpose can be put into use. The directors of the Germania met last evening and appointed a committee on reorganization. The Germania is in the hands of P. M. Kerst, assignee, and the other two are in the hands of Bank Examiner Kenyon. The last official statement of the Germania bank showed total resources of $1,625,768. Liabilities $1,625,768, including $400,000 capital stock and $633,019 in time certificates of deposit. Deposits subject to check are $345,191. The total resources of the Allemania were $1,061,009. Liabilities were $1,061,009, including capital stock of $400,000 and deposits of $329,789. The official statement of the West Side bank, made to the state bank examiner on December 15, is as follows: Total assets $217,014. Of this $150,000 was in loans and discounts and $28,000 in real estate. The total deposits were $113,546. There was a considerable run on the three savings banks during the afternoon, but all gave depositors notice that they must give 60 days' notice before withdrawing funds. All are perfectly solvent. DEVIL'S LAKE, N. D., Jan. 5.-The Merchants' National bank did not open its doors Monday. A number of depositors withdrew their money Saturday. The probable withdrawal of the county deposit of $4,500 yesterday when the new treasurer took charge, together with the prospect of a general run and the non-arrival of a train with additional currency from the east caused Cashier Wemple not to open the doors. The last statement made by the bank, December 17, showed deposits of $47,000. MASON CITY, Ia., Jan. 5.-The First City Bank of Nora Springs has failed. It was a state bank and the business conducted by the institution was not extensive.

7. January 7, 1897 River Falls Journal River Falls, WI
Article from River Falls Journal, January 7, 1897

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stove. Near Decatur, Ga., Tom Flanagan, wh e drunk, shot and killed G. W. Allen and wife and Miss Ruth Slack. The doors of the Second national bank at Grand Forks, N. D., wereclosed, with liabilities of $150,000. In Colorado the production of precious metals in 1896 was: Gold, $16,500,000; silver $12,058,000. In Utah the production was: Gold, 93,896 fine ounces; silver, 8,728,705 fine ounces. Hazen S. Pingree was inaugura governor of Michigan. The oldest railroad director in the world, Samuel M. Young, died in Tole do, 0., in his 91st year. In ten days the five children of Ja is Vogel, of Sandusky, O., died from diphtheria. Charles A. Weyrich, aged 24, and Charles D. Carpenter, aged 29, two close friends, ended their lives in the Planter's hotel in St. Louis by taking poison. No cause is known for the deed. Cyclone nearly demolished the town of Mooringsport, La., and killed the four children of Jesse Goodman. Many other persons were injured, some fatally. The Tennessee legislature convened at Nashville for a session to last 75 days. A freight train ran into a landslide near New Haven, Mo., killing Engineer Homar Evans, Fireman Henry Horkup and Brakeman J. E. McQueen. The doors of the State savings bank at Whitehall, Mich., were closed with liabilities of $100,000. In Chicago William A. Hammond, aged 45 years, second vice president of the National Bank of Illinois, that failed recently, committed suicide by drowning himself in Lake Michigan. At Fargo, N. D., the Citizens' national bank suspended payment. At Omaha, Neb., the savings bank closed its doors with liabilities of $850,000; assets, $1,000,000. Flames which started in Lebeck's dry goods store in Nashville, Tenn., destroyed ten buildings, the total loss being $400,000. After 30 years of judicial service Jus. tice R. Rothrock has retired from the supreme court of Iowa. At Devil's Lake, N. D., the Merchants' national bank closed its doors, with liabilities of $50,000. Edward Scofield was inaugurated a3 governor of Wisconsin. Advices from different sections of Michigan say that great damar has been done by heavy rains. In Chicago an ordinance passed by the city council will have the effect of obliterating the high hat in theaters and music halls. Seven miles northeast of Nelson, Neb., three stock men were frozen to teath. Five men were killed by an explosion in a mine at Hartshorne, I. T. The Germania bank in St. Paul closed its doors with liabilities of $1,000,000 and the West Side bank followed suit owing depositors $113,000. Richard Cornelius, cashier of the National farmers' and planters' bank in Baltimore, Md., being a defaulter to the extent of $60,000, committed suicide by drowning himself. Legislatures of California, Montana and Idaho met in their respective capitals. In Montana Robert B. Smith was inaugurated as governor and in Idaho Gov. Frank Steunenberg took the oath of office. Fire destroyed the Wyoming state

8. January 8, 1897 The Columbia Herald Columbia, TN
Article from The Columbia Herald, January 8, 1897

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Garwood's Sarsaparilla-for the blood -guaranteed to cure. A.B. RAINS THE RECORD OF PROSPERITY, As Told in the Headlines of City Dailies. The following short paragraphs, clipped from the headlines of large city dailies, tell in a nutshell the inroad "prosperity" is making upon the commercial world: Omaha Savings Bank closes its doors.-Liabilities $890,000. Western Paper Bag Company of Batavia, Ill., in a receiver's hands.Liabilities will probably exceed $100,000. Run on First National Bank at Cripple Creek, Col. Fargo (N. D.) Bank Fails, with capital of $100,000. Strain too much for W. A. Hammond, Vice-President of the collapsed Bank of Illinois.-Seeksrelie from troubles at the lake's bottom. Crisis threatens the financial affairs of St. Paul, Minn.-Three institutions close their doors in one day. At Devil's Lake, N. D.-Merchants' National Bank suspends further operations. Runs on other banks at St Paul. Receiver appointed for the Iowa Mortage Co. Liabilities $5,000. Ornamental Iron & Fence Co., of Chattanooga, 1 assigns. For $62,000.-Foreclosure entered against Venice Grain Elevator Co., of Springfield, Ill. First City Bank of Nora Springs, Ia., has failed. Liabilities $30,000.-H. Ridder & Co., of Quincy, Ill., have failed. The disgrace was too mnch.-Richard Cornelius, Cashier of the National Farmers' and Planters' Bank, of Baltimore, committed suicide last Monday by drowning e himself. He was $60,000 short in his accounts. y t Assignments at Memphis.-The Southern Paper & Woodenware Co., 5 with a total liability of $43,978. A. e H. Kortrecht & Co., and Tate & n Barbee, two smaller concerns, also 6 succumb. e Receiver appointed for the Calu1met Bank at Chicago. Assets, $74,325; liabilities, $70,640. At Sedalia, Mo.-The Van Wagener-Hanney Shoe Co., oldest and 0 largest house in the city, closes its m doors.

9. January 9, 1897 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, January 9, 1897

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noois aloca miles 5 laps; Maddox, 874 miles 3 laps; Ashinger, 873 miles laps; Lawson, 871 miles 10 laps; Hunter, 871 miles 10 laps; Forster, 870 miles 10 Inps. Being a defaulter to the extent of $60,000, Richard Cornelius, cashier of the National farmers' and planters' bank in Baltimore, Md., committed sui cide by drowning himself. The legislatures of California, Montana and Idaho met in their respective capitals. In Montana Robert B. Smith was inaugurated as governor and in Idaho Gov. Frank Steunenberg took the oath of office. The Wyoming state hospital at Rock Springs was destroyed by fire. The railroads in the Dakotas and the western part of Minnesota were completely tied up by snow. The First city bank of Nora Springs, Ia., suspended payment Dennis Sullivan, 68 years old. and James Stover, were blown to pieces by the explosion of a dynamite cartridge near Troy, N. Y. The Merchants' national bank closed its doors at Devil's Lake, N. D., with liabilities of $50,000. Edward Scofield was inaugurated as governor of Wisconsin. The coinage executed at the mints of the United States during December amounted to $7,017,419. The product of gold during 1896 amounted to $51,500,000, an increase of $5,000,000 over 1895. The product of silver in 1896 was 53,500,000 fine ounces, a decrease of 2,500,000 ounces from that of 1895. James Duffy, a Boston pugilist who collapsed at the conclusion of a tenround boxing match with George Justus in New York, died without regainSup The visible supply of grain in the United States on the 4th was: Wheat, 54,651,000 bushels; corn, 19,352,000 bushels; oats, 14,089,000 bushels; rye. 3,087,000 bushels; barley, 4,403,000 bushels. The United States supreme court says that corporations deriving their powers from the several states of the union are "citizens of the United States" and can such SU pans be Reports from different sections of Michigan show that great damage has been done by heavy rains. An ordinance passed by the Chicago city council will have the effect of obliterating the high hat in theaters and music halls. Three stock men were frozen to death seven miles northeast of Nelson, Neb. An explosion in a mine at Hartshorne. 1. T., killed five men. It has been discovered that Jesse Winner and James Nelson, who were taken from the jail at Lexington, Mo., on the night of December and lynched by a mob for the murder of the former's wife and two children, were innocent. Frank A. Briggs took the oath of office as governor of North Dakota. While the oath was being administered he received news of his eldest daughter's death. Gov. Bradley, of Kentucky, has called out the troops to intercept and capture toll gate burners. The Minnesota legislature convened at St. Paul and the Nebraska legislature met at Lincoln. Francis J. Kieckhofer, late disbursing officer of the state department in Washington, has been indicted on the charge of embezzling $127,000. William Downing and Charles WilHams, both colored and both murderers, paid the penalty of their crimes on the same scaffold at Norfolk, Va. Frank Enoch, of Lima, O., four years old, hid a cigarette in the bosom of his waist when his mother came upon him and his clothing took fire and he was burned to death. His mother was fatally burned in trying to save his life. The fire losses of the United States and Canada during 1896 amounted to $115,655,500, against $129,839,700 in 1895. Both housesof the Pennsylvania legislature convened at Harrisburg. The next convention of the National Women's Christian Temperance union will be held in Buffalo, N. Y. More than 23,000,000 head of live stock, afterward killed for food, were inspected by government officers during the last year. A passenger train on the Burlington jumped a trestle near Carson, Ia., and five persons were injured, one fatally. At Holdredge. Neb., Mrs. D. M. Conrad, a teacher in the public schools, was shot by her husband, who then shot himself. Domestic trouble was the

10. January 12, 1897 Evening Star Washington, DC
Article from Evening Star, January 12, 1897

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Bank Receiver Appointed. The controller of the currency has appointed C. H. Springer receiver of the Merchants' National Bank of Devil's Lake, N. D.

11. January 12, 1897 The Morning Times Washington, DC
Article from The Morning Times, January 12, 1897

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City Brevities Superintendent McKensie of the street and alley cleaning department is in New York on official business. Perry H. Carson was yesterday appointed an inspectori in the health department, with compensation at the rate of $4 per day. A meeting of the Baptist Young People's Union will be held tonight. Rev. J. R. Willingham will address the meeting. Titian J. Coffee of Pennsylvania, aged sixty-five years, formerly prominent in Pennsylvania politics, died here yesterday afternoon. Comptroller Eckels yesterday appointed Charles H. Springer receiver of the Merchants' National Bank, of Devilslake, N. D., recently failed. The Secretary of "War has awarded to Hughes Bros. & Bangs, of Syracuse, N. Y., the contract for the extension of the Buffalo breakwater, at $1,765,450. The sum of $75 was alloted yesterday from the police relief fund to defray the funeral expenses incurred for the late Private L. B. Hathaway. Formal order was made yesterday for fining privates Seitz and Buscher of the fire department for violation of the rules, as heretofore noted in The Times. It was ordered by the Commissioners yesterday that the Baltimore and Ohio Railroad Company be requested to repair its crossings at E and G streets northeast, by planking them over solidly. The Virginia Republican Association held an interesting meeting last night to determine whether they would participate in the inaugural ceremonies of the Presidentelect. It was decided to do so. Secretary Roger Williams of the excise board was at his desk today for the first time since the accident to his ankle, over seven weeks ago. He is obliged to use crutches. President George W. Stewart of Emancipation Historical and Celebration Association has issued a call for a mass meeting to be held at Green's Hall, for the purpose of electing a chief marshal.

12. January 13, 1897 Morris Tribune Morris, MN
Article from Morris Tribune, January 13, 1897

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NEWS OF THE WEEK. NEWS FROM WASHINGTON. The Loud postal bill has passed the house. The pacific railroad funding bill was defeated in the house by a vote 102 to 168. The Anglo-American general arbitration treaty has been signed by Olney and Pauncefote. The senate has passed the house bill abolishing the death penalty in a large number of cases. Electoral colleges of the various states met Monday to cast ballots for president and vice president. A fraud order has been issued against the Washington Farming Land company of Seattle, Wash. Colonel J. P. Canby, chief paymaster of the United States army, department of Colorado, has retired. Joseph A. Springer, United States vice consul at Havana, has returned home on a leave of absence. The Indian appropriation bill carries $7,405,000, a reduction, and makes provision for new schools in South Dakota. The comptroller of the currency has appointed C. H. Springer receiver of the Merchants' National bank of Devils Lake, N. D. The Smithsonian Institution has decided to make the sultan of Turkey a present of a lifesize figure of a Sioux Indian chief.

13. January 13, 1897 The Star Reynoldsville, PA
Article from The Star, January 13, 1897

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THREE BANKS CARRIED DOWN. Deposito # Force the Closing of Three St. Paul Institutions. The Gormania, the Allemania and West Side banks, of St. Paul, all State banks, closed their doors Monday. The failure of the Bank of Minnesota December 22, caused unrest, and depositors withdrew their money from the three banks named to such an extent that they were forced to the wall because they had not funds enough to meet the demands. Each of the the three, however, is solvent, and all will reorganize. The Germania is in the hands of P. M. Kerst, as assignee, and the other two are in the hands of Bank Examiner Kenyon. The closing of the Germania was in pursuance of the action of the directors on Saturday night, who concluded to protect their depositors by suspending. President Willins prepared a statement in which he attributed the suspension partly to the circulation of false reports concerning the bank by people who are "a veritable pest and deserve the contempt of the community." The bank had paid out nearly $225,000 in nine days preceding Saturday. and although it had still on hand over $100,000, the directors concluded it was wisest to suspend. The Allemania closed with a crowd of depositors clamoring at the paying teller's window for their money. President Scheffer said the failure was due to the large number of withdrawais, and the fact that most of the depositers withheld their deposits. The suspension of the Germania caused the depositors to come down like a herd of wolves. The West Side bank cleared through the Allemania, and fol owed it into colapse. Public funds were on deposit in all three of the closed banks. The State has $10,546 in the Germania, $35,302 in the Allemania, and $3,646 in the West Side bank. The county treasurer had deposited $9,935 in the Germania, $26,215 in the Allemania, and $7,564 in the West Side bank. City Treasurer Horst had on deposit city funds in the Germania to the amount of $49,193; in the Allemania $151456, and in the West Side bank $21,894. There was a considerable run on the three savings banks. but all gave depositors notice that they must give 60 days' notice before withdrawing funds. The City bank of Nora Springs, Ia., suspended. The United States court appointed William F. Fuller, of Hartford, Conn., receiver of the Iowa Mortgage company, which negotiates loans and securities and guarantees payment. The Merchants' National bank, of Devil's Lake, N. D., did not open its doors Monday morning. A number of depositors withdrew their deposits Saturday. The last statement showed: Deposits. $47,000; bills payable, $7,500; discounts, stocks and securities, $55,000; cash, $12,500.

14. January 16, 1897 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 16, 1897

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DOMESTIC. The Wyoming state hospital at Rock Springs was destroyed by fire. Denhis Sullivan, GS years old. and James Stover. were blown to pieces by the explosion of a dynamite eartridge near Troy, N. Y. The Merchants' national bank closed its doors at Devil's Lake, N D., with liabilities of $30,000. Being a defaulter to the extent of $60,000. Richard Cornelius, cashier of the National farmers and planters bank in Baltimore, Md., committed sui cide by drowning himself. The First city bank or Nora Springs. In.. suspended payment Maj. Edward Scotleld was inaugurated as governor of Wisconsin. The coinage executed at the mints of the United States during December amounted to $7,017,419. The product of gold during 1896 amounted to $31. 500,000, an increase of $5,000,000 over 1805. The product of silver in 1896 was 53,500,000 tine ounces, a decrease of 2,500,000 ounces from that of 1895. James Duffy, & Boston pugilist who collapsed at the conclusion of a tenround boxing match with George Justus in New York, died without regaining consciousness. The visible supply of grain in the United States on the 4th was: Wheat, 54,651,000 bushels; corn. 19,352,000 bushels; oats, 14,089,000 bushels; rye 3,087,000 bushels; barley, 4,403,000 bushels. The United States supreme court says that corporations deriving their powers from the several states of the union are "citizens of the United States" and can be sued as such. Reports from different sections of Michigan show that great damage has been done by heavy rains. An ordinance passed by the Chicago city council will have the effect of obliterating the high hat in theaters and music halls. Three stock men were frozen to death seven miles northeast of Nelson. Neb. It has been discovered that Jesse Winner and James Nelson, who were taken from the jail at Lexington, Mo., on the night of December 6 and lynched by a mob for the murder of the former wife and two children. were innocent. Frank A. Briggs took the oath of office as governor of North Dakota. While the oath was being administered he received news of his eldest daughter's death. Francis J. Kieckhofer, late disbursing officer of the state department in Washington, has been indicted on the charge of embezzling $127,000. Gov. Bradley, of Kentucky, has called out the troops to intercept and capture toll gate burners. The Minnesota legislature convened at St. Paul and the Nebraska legislature met at Lincoln. An explosion in a mine at Hartshorne. 1. T., killed five men. William Downing and Charles Williams, both colored and both murderers, paid the penalty of their crimes on the same scaffold at Norfolk. Va. Frank Enoch, of Lima, O., four years old, hid a cigarette in the bosom of his waist when his mother came upon him and his clothing took tire and be was burned to death. His mother was fatally burned in trying to save his life. The fire losses of the United States and Canada during 1896 amounted to $115,635,500. against $129,839,700 in 1895. Both housesof the Pennsylvania legislature convened at Harrisburg. The next convention of the National Women's Christian Temperance union will be held in Buffalo, N. Y. More than 23,000,000 head of live stock, afterward killed for food, were inspected by government officers during the last year. The Illinois legislature convened at Springfield and Edward C. Curtis, of Kankakee county, was elected speaker of the house. The last message of Gor. Altgeld was then read before both branches. B The third and last of the torpedo boats being built for the United States at the Columbia iron works in Baltimore. Md., was successfully launched. The Missouri legislature convened at Jefferson City and the Colorado legisJature met at Denver,

15. January 19, 1897 The River Falls Times River Falls, WI
Article from The River Falls Times, January 19, 1897

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The Nation's Capital. The spanish legation at Washington has received no information regarding the proposed reforms in Cuba. Consul General Lee is highly indignant at statements which have been made by Congressman Money since his return to the United States from Cuba. The United States supreme court assigned the Laclede Gaslight company case for reargument on the second Mondoy of the next term. The controller of the currency has appointed C. H. Springer receiver of the Merchants' National Bank of Devils Lake, N. D. A bill fixing the age for the retirement from the classified civil service was introduced by Representative Gillett of Massachusetts. The house committee on commerce voted to report favorably a bill authorizing the Sierra Madre Construction company to construct or acquire a bridge across the Rio Grande at El Paso, Tex. The work on the battleships at the shipyard at New York has been temporarily suspended on account of an order requiring that all plates used must be first subjected to the longitúdinal and transverse tests. Several hundred men have been laid off. The Behring sea commission will not meet in San Francisco as expected. Nicholas R. Harris, who has just returned from Victoria, B. C., where he had been in attendance on the commission, reports that the commissioners will remain in Victoria.

16. January 21, 1897 The Princeton Union Princeton, MN
Article from The Princeton Union, January 21, 1897

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THE NEWS RESUME. DIGEST OF THE NEWS FROM ALL PARTS OF THE WORLD. A Comprehensive Review of the Important Happenings of the Past Week Culled From the Telegraph Reports-The Notable Events at Home and Abroad That Have Attracted Attention. The Nation's Capital. The spanisn legation at Washington has received no information regarding the proposed reforms in Cuba. Consul General Lee is highly indignant at statements which have been made by Congressman Money since his return to the United States from Cuba. The United States supreme court assigned the Laclede Gaslight company case for reargument on the second Mondoy of the next term. The controller of the currency has appointed C. H. Springer receiver of the Merchants' National Bank of Devils Lake, N. D. A bill fixing the age for the retirement from the classified civil service was introduced by Representative Gillett of Massachusetts. The house committee on commerce voted to report favorably a bill authorizing the Sierra Madre Construction company to construct or acquire a bridge across the Rio Grande at El Paso, Tex. The work on the battleships at the shipyard at New York has been temporarily suspended on account of an order requiring that all plates used must be first subjected to the longitudinal and transverse tests. Several hundred men have been laid off. The Behring sea commission will not meet in San Francisco as expected. Nicholas R. Harris, who has just returned from Victoria, B. C., where he had been in attendance on the commission, reports that the commissioners will remain in Victoria.

17. January 21, 1897 People's Voice Wellington, KS
Article from People's Voice, January 21, 1897

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Attorney General Harmon says that the government probably will act in the Pacific roads .case within thirty days. The steamer Howard sailed into port with :flags at half mast. Her captain, J. E. Taylor, had killed himself. A bill granting a right-of-way through Indian Territory to the Muskogee railroad was passed by the house. Secretary Coburn of the Kansas Agriculture, was indorsed for secretary of agriculture in the McKinley cabinet. The senate refused to make changes asked by Mr. Olney in the Orange Free State and Argentine extradition treaties. The bond of the treasurer of Missouri is said to be worth $2,500,000. Lon Stephen's accounts were found to be all right. Bailey of Texas was appointed a member of the committee on rules, and Boatner of Louisiana of the ways and means. The Albright boys are in danger of being lynched at Charleston, Mo., for the killing of Prosecuting Attorney Elliott. Senator Dubois' opponents succeded in having an election of a senator postponed a week in order to rally their forces. Representative Cobb says that General Miles is in favor of making Jefferson Barracks a first-class infantry and artillery post. The senate finance committee decided to report favorably the nomination of D. R. Francis to be secretary of the interior. The comptroller of the currency has appointed C. H. Springer receiver of the Merchants' National bank of Devil's Lake, N.D. The comptroller of the currency has appointed J. B. Atwater of Minneapolis receiver of the Columbia National bank of Minneapolis. General Miles returned the report on Jefferson Barracks to the board with orders to estimate the cost of needed improvements. Senator Sherman has accepted the portfolio of secretary of state in McKinley's cabinet. Mark Hanna will be appointed to the senate. Dennis Fylnn's free homes bill passed the senate yesterday by a large enough majority to insure free homes if the president should veto it. The Dawes commission has encountered opposition at the hands of the leaders of the five civilized tribes, who have taken possession of nearly all the land. The following postoffices have been established: Arkansas-Togo, Pope county. Indian Territory Bebee, Chickasaw Nation, Texas-Iverson, Hill county. Probably one reason why widows are soattractive is the circumstance that they are never addicted to the selfish practice of looking out for number one. Commander J. B. Coghland has been detached from duty as inspector of the Eighth Lighthouse district at New Orleans, and ordered to command the Richmond. Writing of his mother, J. M. Barrie the famous novelist, says:@"Everything I could do for her in this.life I havedone. 1 look back upon the years and I cannot see the smallest thing left undone." A citizen of Westbrook, Me., regarded as intelligent by his townsmen,says that whenever he has a severeJattack of rheumatism he confines himself to a diet of salt pork and soon regains his normal health, The United States civil service commission will hold an examination in Washington and in Fall other large cities where there are applicants February 10 to fill a vacancypin the position of expert horticulturist. A Cuban in New York says of Maceo that he was a man of the strictest moral integrity; thrt he never drank wine, never played cards and never smoked, even in a land where*nearly everybody, man, woman and child smokes. The other day President Cleveland

18. January 28, 1897 Courier Democrat Langdon, ND
Article from Courier Democrat, January 28, 1897

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The Nation's Capital. The spanisn legation at Washington has received no information regarding the proposed reforms in Cuba. Consul General Lee is highly indignant at statements which have been made by Congressman Money since his return to the United States from Cuba. The United States supreme court assigned the Laclede Gaslight company case for reargument on the second Mondoy of the next term. The controller of the currency has appointed C. H. Springer receiver of the Merchants' National Bank of Devils Lake, N. D. A bill fixing the age for the retirement from the classified civil service was introduced by Representative Gillett of Massachusetts. The house committee on commerce voted to report favorably a bill authorizing the Sierra Madre Construction company to construct or acquire a bridge across the Rio Grande at El Paso, Tex. The work on the battleships at the shipyard at New York has been temporarily suspended on account of an order requiring that all plates used must be first subjected to the longitudinal and transverse tests. Several hundred men have been laid off. The Behring sea commission will not meet in San Francisco as expected. Nicholas R. Harris, who has just returned from Victoria, B. C., where he had been in attendance on the commission, reports that the commissioners will remain in Victoria.

19. May 28, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, May 28, 1897

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This Bank Pays in Full. DEVILS LAKE, N. D., May 22.-Judge Morgan has signed an order authorizing the stockholders of the Merchants' National bank to pay off all claims of depositors, after which they will régain possession of the bank asseta.

20. June 22, 1897 The River Falls Times River Falls, WI
Article from The River Falls Times, June 22, 1897

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Devils Lake Bank All Right. Devils Lake, N. D., June 21.-Controller Eckels has notified C. H. Springer, receiver of the Merchants' National bank of this city, that the report of Examiner Anheier concerning the present status of the bank's condition has been received and approved. The report shows, according to the controller's letter, that there is sufficient cash on hand to pay a dividend of 100 per cent and accrued interest on all claims.

21. June 24, 1897 The Princeton Union Princeton, MN
Article from The Princeton Union, June 24, 1897

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Devils Lake Bank All Right. Devils Lake, N. D., June 22.-Controller Eckels has notified C. H. Springer, receiver of the Merchants' National bank of this city, that the report of Examiner Anheier concerning the present status of the bank's condition has been received and approved. The report shows, according to the controller's letter, that there is sufficient cash on hand to pay a dividend of 100 per cent and accrued interest on all claims.