First National Bank (Appleton, MN)

Episode Information

Episode UID
483101175
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
48310 national
Charter Number
4831
Start Date
November 18, 1897
Location
Appleton, Minnesota (45.197, -96.020)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2d10c6201e8484b3

Response Measures

None

Description

Voluntary liquidation declared though article states bank is solvent and may be reorganized.

Events (3)

1. December 27, 1892 Chartered
Source
historical_nic
2. November 18, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank announced decision to go into voluntary liquidation despite being solvent; planned probable reorganization with smaller capital.
Newspaper Excerpt
The First National bank of Appleton has decided to go into voluntary liquidation. It is perfectly solvent and will probably be reorganized with smaller capital.
Source
newspapers
3. December 1, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Sauk Centre Herald, November 18, 1897

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Article Text

NEWS IN MINNESOTA Barnesville expects to have an elec tric light plant in the near future. The supreme court holds that liquor cannot be legally sold to a citizen In dian. The state grange visited the school of agriculture Saturday, spending the day there. A divorce has been granted to Secre tary of State Albert Berg from Anna E. Berg. A volunteer fire department has beer organized at West Concord with 45 members. Minnesota woman suffragists held their state convention in Minneapolis Monday and Tuesday. It is said that the Chippewa Indians will cut 50,000,000 feet of dead and down timber this winter. Tillie Anderson, who was kept alive 42 days by artificial respiration at the St. Paul city hospital, is dead. Lieutenant McCoy, United States army, makes a very flattering report on the Minnesota national guard. The organization of a Union Veterans' Union in Anoka has been per fected, with 28 charter members. Rev. E. P. Ingersoll of the Park Congregational church, St. Paul, has resigned his pastorate and will accept a call at Brooklyn. The fourth annual convention of the Minnesota State Butter and Cheese makers' association will be held at Waseca Nov. 18 and 19. John F. Norrish, member of the board of prison managers and ex-member of the legislature, died very suddenly at his home in Hastings. Several ex-county commissioners at Duluth have been indicted on a charge of having audited and allowed false bills against the county. A general creditors' bill for a receiver has been filed at Dayton, Tenn., against the Security Savings and Loan Association of Minneapolis. The state board of health will investigate the allegation that lumpy-jawed cattle have been slaughtered for food at New Brighton stock yards. Steps are being taken to appeal to the United States supreme court from the decision of the United States circuit court in the Mullen log scaling contro versy. The First National bank of Appleton has decided to go into voluntary liquidation. It is perfectly solvent and will probably be reorganized with smaller capital. Two professional cracksmen were in terrupted while robbing the Jackson postoffice. Shots were exchanged and the robbers-one wounded-were cap tured after a long chase. Dan Bleu, an inmate of the Minneap olis workhouse, confessed that he murdered his young companion, John Pros ser, at Herman. Prosser had $65 in money which Bleu took. Dr. J. W. Smith of St. Peter has received a letter from E. St. Julien Cox, now at Los Angeles, Cal., stating that he was seriously affected with cancer of the throat and did not expect to live over a month. William W. Billson, a prominent Duluth attorney, has assigned. The assignment is due to suits against the Motor Line Improvement company of Duluth, which caused Willard of Man kato to assign. No statement has been filed. Dar S. Hall, chairman of the Chippe wa Indian commission, has gone to White Oak Point to complete the land allotments to the Indians who have de cided to reside there permanently in stead of removing to the White Oak Point reservation. Some creditors objecting to the ap pointment of trustees, the Winona Manufacturing company has assigned to J. W. Booth and S. L. Prentiss. Its nominal assets are $125,000, but they will probably shrink considerably. The liabilities are $70,000. A bed of fine granite has been dis covered near Foreston, in Mille Lac county, and a company will develop it It is proposed to cut the stone in either Milaca or Foreston. The granite i said to be of an excellent quality equal to the St. Cloud article. Judge G. E. Qvale will hold special terms of district court for the purpose of admitting aliens to citizenship. A New London, Nov. 22; at Atwater Nov. 23, and at Willmar, Nov. 24


Article from The Sauk Centre Herald, November 18, 1897

Click image to open full size in new tab

Article Text

NEWS MINNESOIA Barnesville expects to have an electric light plant in the near future. The supreme court holds that liquor cannot be legally sold to a citizen Indian. The state grange visited the school of agriculture Saturday, spending the day there. A divorce has been granted to Secretary of State Albert Berg from Anna E. Berg. A volunteer fire department has been organized at West Concord with 45 members. Minnesota woman suffragists held their state convention in Minneapolis Monday and Tuesday. It is said that the Chippewa Indians will cut 50,000,000 feet of dead and down timber this winter. Tillie Anderson, who was kept alive 42 days by artificial respiration at the St. Paul city hospital, is dead. Lieutenant McCoy, United States army, makes a very flattering report on the Minnesota national guard. The organization of a Union Veterans' Union in Anoka has been perfected, with 28 charter members. Rev. E. P. Ingersoll of the Park Congregational church, St. Paul, has resigned his pastorate and will accept a call at Brooklyn. The fourth annual convention of the Minnesota State Butter and Cheesemakers' association will be held at Waseca Nov. 18 and 19. John F. Norrish, member of the board of prison managers and ex-member of the legislature, died very suddenly at his home in Hastings. Several ex-county commissioners at Duluth have been indicted on a charge of having audited and allowed false bills against the county. A general creditors' bill for a receiver has been filed at Dayton, Tenn., against the Security Savings and Loan Association of Minneapolis. The state board of health will investigate the allegation that lumpy-jawed cattle have been slaughtered for food at New Brighton stock yards. Steps are being taken to appeal to the United States supreme court from the decision of the United States circuit court in the Mullen log scaling controversy. The First National bank of Appleton has decided to go into voluntary liquidation. It is perfectly solvent and will probably be reorganized with smaller capital. Two professional cracksmen were interrupted while robbing the Jackson postoffice. Shots were exchanged and the robbers-one wounded-were captured after a long chase. Dan Bleu, an inmate of the Minneap. olis workhouse, confessed that he murdered his young companion, John Prosser, at Herman. Prosser had $65 in money which Bleu took. Dr. J. W. Smith of St. Peter has received a letter from E. St. Julien Cox, now at Los Angeles, Cal., stating that he was seriously affected with cancer of the throat and did not expect to live over a month. William W. Billson, a prominent Duluth attorney, has assigned. The assignment is due to suits against the Motor Line Improvement company of Duluth, which caused Willard of Mankato to assign. No statement has been filed. Dar S. Hall, chairman of the Chippewa Indian commission, has gone to White Oak Point to complete the land allotments to the Indians who have decided to reside there permanently instead of removing to the White Oak Point reservation. Some creditors objecting to the appointment of trustees, the Winona Manufacturing company has assigned to J. W. Booth and S. L. Prentiss. Its nominal assets are $125,000, but they will probably shrink considerably. The liabilities are $70,000. A bed of fine granite has been discovered near Foreston, in Mille Lacs county, and a company will develop it. It is proposed to cut the stone in either Milaca or Foreston. The granite is said to be of an excellent quality, equal to the St. Cloud article. Judge G. E. Qvale will hold special terms of district court for the purpose At of admitting aliens to citizenship. New London, Nov. 22; at Atwater, Nov. 23, and at Willmar, Nov. 24. These terms will be held in order to avoid the rush at the general term of court. In the presence of 1/000 fashionable guests assembled at the First Presbyterian church, Duluth, Miss Mariam Magoffin, granddaughter of Kentucky's famous war governor, became the bride of Samuel Johnson Shackelford, also a member of one of the Blue Grass state's oldest families, and one > the foremost young men in its politics. Several farmers of Swift county who obtained seed grain money from the state last spring have used all of their