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Report of the Receivers. Sr. PAUL, Jan. 15.-The receivers of the Bank of Minneapolis have filed with the court their statement of their assets and liabilities. The nominal assets amounted to $8,170,726, and the liabilities to creditors $2,825,592. Including cash on hand when the receivers took possession they have now on hand $165,218. This amount includes about $21,000 realized from deposits on Dec. 32, 1896.
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STATE OF MINNESOTA, DISTRICT Court: County of Hennepin, Fourth Judicial District. Luth Jaeger, as Receiver of the Scandia Plaintiff, Bank of Minneapolis, vs. D Anln
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BANK OF MINNEAPOLIS CLOSED. Trouble with the Clearing House Ends Its Sensational Career. MINNEAPOLIS, Minn., Aug. 27.-The Bank of Minneapolis closed its doors at noon to-day by order of its President, R. D. Kirby of Chicago. There was but little surprise in banking circles, as the failure or suspension of the bank bad been regarded for some time as inevitable. The investments of the bank were unproductive, and the institution had been undergoing a process of dissolution for several years, the capital having been reduced from $300,000 to $100,000 and the deposits from $500,000 to $150,000. Officials of other banks in the city say the defunct concern will pay its depositors in full. The direct cause of closing is a request made by the Clearing House a few days ago that the bank charge off its real estate investments. This President Kirby refused to do. To-day $17,000 of demand certificates were presented, and the bank was closed without paying them. The Bank of Minneapolis has had a sensational history. First was the embezzlement and flight of Phil Scheig, the teller. Then came the suicide of Cashier Bofferding. then the story about the torture and imprisonment of Director Holbrook by a bloodthirsty desperado. These stories had the effect of weakening the bank's standing, and it has been on the down grade for several years.
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KENYON IN CHARGE. He Finds the Bank of Minneapolis' Affairs in Good Shape. Bank Examiner Kenyon has taken charge of the Bank of Minneapolls, and is now engaged ir looking over its business. He states that as soon as possible he will apply to the courts for a receiver to wind up the affairs of the institution. Mr. Kenyon also said that the action of President Kirby, of Chicago, in summarily closing the bank, was entirely unwarranted, and it appeared to him unnecessary. "From my knowledge of the business and the paper of the bank," he said, "I believe it could have continued in business and liquidated itself without any loss to the depositors. Now, with the expense and embarrassment caused by legal proceedings, I only hope the depositors will not suffer any losses. As to the trouble Mr. Kirby had with the Minneapolis Clearing House association, I do not know. It was about the value of certain real estate, which the bank held as security. As far as I have been able to look the assets over, I find the bank's business not to have been in a bad shape." A statement was asked from Vice President and Cashier W. B. Augir, and he expressed his surprise and disapproval of the action taken by Mr. Kirby, in no uncertain words. "You can not say that Mr. Kirby was ill advised," he said, "for he took no advice. He was rather unadvised, as he did not consult the Minneapolis directors in the proceedings. The matter was a complete surprise to them, as it was to the general public. "Could the bank have liquidated without closing?" was asked. "Liquidate? Why, it could have continued in business and carried on a profitable business," was the reply. "I have not seen Mr. Kirby since the bank closed and cannot understand his reason for taking the summary action he did." A notice was posted on the bank's doors stating that it was in the hands of the bank examiner. The doors were locked, but this did not deter a large number of depositors from an attempt to secure an interview with the bank officials. They were rarely successful, but were not generally apprehensive of losing their money, but of their misfortune in-having their funds tied up while the bank went through the legal proceedings of a receivership.
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NYE AS RECEIVER. He Is Put in Charge of the Bank of Minneapolis' AGairs. The expected application for the appointment. of a receiver for the Bank of Minneapolis has been made. The bank examiner petitioned the court for an appointment, in order that the affairs of the bank might be wound up, and the only question was as to whether President Kirby would like some other plan of liquidation. Since he lent his voice to the petition, there was no alternative, and Judge Russell appointed Frank M. Nye to look after the affairs of the bank. The court entered his name in the order, fixing the amount of his bond at $250,000, which he immediately furnished, with a surety company as surety, at the expense of the estate. The order and bond were filed at once, and the receiver entered into the discharge of his duties. Schedules will be prepared at once, and filed as soon as complete. Receiver Nye expects to name no attorney, at least for the present, as he will conduct the legal work himself as economically as possible.
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LOCAL BUSINESS COMPLICATIONS. The Sheriff has received an attachment against the Bank of Minneapolis, Minn., which suspended a few days ago, from Kneeland, Thomson. Stewart & Hoeljes for $9,000. in favor of Charles J. Ferrin, jr., on an assigned claim for money deposited in the bank by Austin Hall & Co., of Minneapolis. The arrangements for the attachment were made over the long-distance telephone The attachment was served on the National Bank of Commerce here. The Sheriff received two attachments yesterday against Charles H. Peckham. wholesale jeweller. of No. 45 Maiden Lane, in favor of Monroe Engelsman for $1,286 and Philip Silberman for $323. They were served on Mr. Peckham's assignee.
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MINNEAPOLIS. OFFICE 65 SOUTH FOURTH STREET. MINNEAPOLIS GLOBULES. The theological department of Augsburg seminary will open for another year's work on Wednesday. F. E. Palmer, of the Palmer house, Zumbra Heights, visited M.nneapolis Saturday and bit on a watch game. He is out $28.50 by the deal. The Minneapolis Item, which for the past two years has been published by J. W. Sheppard, has passed into the hands of R. H. Pratt and Ralph Eddy. Mr. Sheppard has purchased a Wisconsin paper. Judge Russell signed an order allowing the receiver of the Bank of Minneapolis to pay the preferred claim of the state of Minnesota with interest. The amount of the claim is $18,630.39, and the interest $58.29. The John Ericsson monument fund has received $22 in $1 contributions from various parties throughout the state. This has been voluntary, as the association has not commenced an active campaign for the fund. Special Pension Examiner George M. Russell, who was transferred from the pension office in the federal burlding to Mankato, July 1, is expected to arrive in the city this week. He will take charge of the office in Minneapolis again. The winter schedule for closing has been resumed in the issue department of the pub1.c library. Books will be issued until 8:30 instead of 8 o'clock on every evening except Saturday, when the issue department will remain open until 9 o'clock. William J. Harrison and Joseph Hanson, elders of the Mormon church, who have been laboring in Minneapolis as missionaries, are st:ll keeping up their services and are holding evening street meetings. They will soon adjourn to a hall, and hope soon to have established a nucleus for the Mormon faith here. The grand jury will report this morning at 10 o'clock before Judge Elliott, in Room No. 2, on the third floor of the court house, for instructions. Judge Elliott will have charge of the criminal calendar, Judge Russell of the court cases, wnite Judges Smith, Jamison, Simpson and Johnson will have charge of the jury cases. The civil calendar will be called in the main court room at 10 o'clock by the five judges not otherwise engaged.
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RECORD BROKEN OVER A WIRE, Affidavits Sent by Telephone from Minneapolis to New York. The record for the transmission by long distance telephone of affidavits in an attachment case was beaten the other day by the sending of an affidavit from Minneapolis to New York city. The law firm of Knecland, Thompson, Stewart & Hoelljes, 320 Broadway, received a telegraphic message from Austin, Hall & Co., of Minneapolis, stating that they had obtained an attachment against the Bank of Minneapolis for $9,000 for money deposited. The message said the bank had suspended and that it bad a balance at the National Bank of Commerce of New York city which the firm desired to obtain. The firm saw the necessity for haste and advised their clients by wire to assign the claim by telephone to some representative at New York city. Arrangements were accordingly made and the telephoned affidavits were written out at this end, and an affidavit was made as to the identity of the voice. All these papers were attested by a notary, taken into court and, after being approved, placed in the hands of the sheriff for service. This prompt action tied up the funds of the Bank of Minneapolis on deposit with the National Bank of Commerce. A member of the law firm that transacted the business admits that there can be no question as to the legality of proceedings of this nature, provided care is taken to identify the voice as heard over the telephone as that of the maker of the affidavit. He said the .court of appeals had thrown out one case in which the voice was not identified, but that other cases have been indorsed by the higher courts.
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Plenty of Cash for Creditors. Frank M. Nye, as receiver of the Bank of Minneapolis, filed his inventory of the insolvent concern with the clerk of the district court yesterday. The schedules are very voluminous and show that at the time of the receivership the appointee received from the bank assets amounting to $228,319.94, valued by the rece ver at $127,580.88; besides n lot of "charged off" paper, whose face value was $167,040.53, which the receiver thinks might possibly be worth $10,000, making the total valuation of all the assets, $137,569.92. The receiver has paid the state from the cash on hand, $18,694.58. The amount of cash received up to Oct. 1 by the receiver was $3,899.62. The total liabilites, exclusive of stock, are $107,940.
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Judge Eliott has issued an order permitting the Crown Chemical company to bring an action to enforce the stockholders' liability against the stockholders of the Bank of Minneapolis. Judge McGee has issued an order to Paul Swenson, assignee of the West Minneapolis Supply company, to dispose of $2,300 worth of accounts in his hands, the balance of the assets of the company. C. H. Childs, receiver to collect and enforce the statutory liability of the stockholders of the Bank of New England, has been ordered by Judge Simpson to pay a dividend of 25 per cent to the creditors of the defunct bank. James Finley and Frank Pierce were arrested Thursday night on Twelfth street, between First and Second avenues south, on a charge of vagrancy. The men are alleged to have contemplated holding up an old man named Deutsche. The Minnesota Academy of National Sciences will celebrate the twenty-fifth anniversary of its organization with a public meeting early in January, at the public library. Scientific papers will be presented and features of interest arranged which the general public may enjoy. President Folwell, of the park board, is opposed to the action of the charter commission in taking from the park board the right to purchase and condemn land. The parks need something more, he says, than mere administration. They call for the exercise of discretion, taste and special skill. The material and parts for the new organ of Westminster church have arrived, and the workmen are busy night and day putting the parts together. The work is necessarily slow and it will be a number of weeks before it will be ready for use. The committee does not expect it to be ready much before the middle of January A quarterly conference of the Associated Charities will be held this evening at the residence of Mrs. S. B. Williams, 406 Ninth street south. The topic for discussion will be "Friendly Visiting." A large attendance is desired, and representatives from churches and missions will be cordially welcomed. L. F. Griffith, 78 years old, a trusted employe of the Western Union Telegraph company, died at the family residence, 13½ Fifth street northeast, Tuesday. The funeral took place yesterday afternoon at 2 o'clock,-interment at Lakewood. The deceased was prominently identified with the fight for Irish freedom and his memory will be held sacred by his countrymen.
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IN AND AROUND THE CITY. At the last meeting of the Holy Name Society of the Dominican church, serve the following officers were elected to Mr. for the ensuing year: President, Gibbs: O'Donnell: treasurer, Mr. Wm. secretary. Mr. John Boylan. These gen- will tlemen, with the spiritual director, appoint the subordinate officers. The Young Ladies' Sodality of give the Immaculate Conception church will card party on Wednesday evening Hall. of a next week at Catholic Association good Refreshments will be served and a time is in store for all who may at tend. T. A. Cashm$an, editor of the visit Tracy to Trumpet, paid a brief business the Minneapolis and St. Paul during early part of the week. Judge Lancaster last Saturday senA. C. Haugan, ex-city for in the tenced to imprisonment county treasurer, jail fine of four months. He also imposed a $1,000 to be paid at the expiration to be of that period, and in defauit he is months kept in confinement for four longer. Mr. Haugan has the sympathy victim of all who believe that he was the of over-confidence in others. The electric cars of the Minneapolis Rapid Transit company were operated exclulast Sunday by power procured apsively from the falls. This did not emthe local lines alone. It also the Minneapolis end of The ply braced to district. the interurban line to the midway shut power houses of the company were Mindown for the day, and the entire system operated under the new The test, while of directed the satisfactory, neapolis arrangement. attention generally details the experts to a number of minor in the working of the new machinery anwhich call for changes. 'This was ticipated, and the reliability of the when electric current was made on a day traffic ran below that of week days Thomas Stevenson, a native of Cus- Fermanagh, Ireland, and a survivor of ter's band, died at the city hospital, enlast Saturday, at the age of 17. de and listed in the regular army in ISTO was at the battle of the Little Big Horn where his horse was shot under him, and where he, himself, was snot in and the ankle and hip. He leaves a wife three children in thi3 city in destitute circumstances. Thomas Kehoc's livery stable at 621 Sixth avenue north, M. J. Allen's gro- also store and a blacksmith shop. cery owned by Allen, in the same building were destroyed by fire at 3 o'clock 43 Thursday morning together with the horses, most of them boarders in barn. The loss is estimated at $20,000, The partially covered by insurance. building was an old frame structure, Roller formerly known as the Oak Lake, rink, and was totally destroyed. Mrs. Emma Wenholz, of Glencoe, has notified Mayor Pratt that her husband left home last August and has not been heard of since. She thinks he is dead, of and asks the mayor if the pictures unknown dead are taken before burial. If so, she wants to look over the list. The Union League is booming ex- for Mayor Eustis for the nomination governor by the Republicans of the state, He says that if Hennepin county nomiis not for him he will not seek the nation. The Catholic church last Tuesday celebrated the feast of the purification of the Blessed Virgin, popularly known as Candlemas day. There were services in all the churches in this city, at which altars candles for use in homes, on the and in the sacraments were blessed. His health has compelled Senator Tel16r to decline the invitation to attend in the Butler Populist demonstration this city on Feb. 16. Who will be asked in his place is not known. It has been of suggested that George Fred Williams, Massachusetts, be asked. Judge McGee has authorized Frank M. Nye, as receiver of the Bank of Minneapolis, to pay a dividend of 40 per cent to the creditors of the insolvent concern. Alderman George A. Durnham appeared at the court house Wednes lay and gave bond in the sum of $10,000 for his appearance before the supreme The court on the first Tuesday in April. bondsmen are John Dubay, William Wintheiser, John A. Gilman and Charles in Bonhanan. The new bond was filed accordance with Judge Elliott's motion fore. denying a new trial, signed the day DCFire Chief Stetson was present ed with valuable fur coat Tuesday evening by a the members of the fire department. The presentation was made at Station A, where, many of his friends had congrefor an evening of and were gated ing was enjoyed, refreshments pleasure. Dancserved during the evening. James W. Griffin, the Minneapolis attorney who left this city last fall to a fortune in the gold of is coming back-a a seek Alaska, sadder winter fields but wiser man. He has spent the up to date at Dawson City, and in a letter recently received from him by a relative in this city, he announces his intention of returning to Minneapolis just as quickly as motive power-his own limbs, steamboats or train-will bring
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NEWS IN MINNESOTA Winnebago City proposes to have a sewer system. Mankato Oddfellows have dedicated their new building. A new telephone company has been organized at Mankato. Thirty-three horses perished in a livary stable fire at Minneapolis. The increase in population of state Insane hospitals during the year was only 76. The supreme court has decided that a deposit in an insolvent bank is an offset to indebtedness to the bank. C. E. Wood of Spring Valley has agreed to build a 75-barrel roller mill at Herman for a bonus of $1,600. : Winona now runs "bobtail" street cars, the conductors having been laid off in the interests of economy. Isaac Staples, the Stillwater lumberman, is seriously ill. He is 82 years old and it is feared he will not recover. In place of the buildings destroyed by fire at.Stewartville early this winter new and better ones are to be erected. The poultry show at St. Paul is being held in connection with the annual meeting of the State Poultry association. Frank M. Nye, receiver of the Bank of Minneapolis, has been authorized to pay a dividend of 40 per cent to the creditors. A fight on ore freight rates will be Duluth in few days commenced at a by filing a complaint with the state railroad commission. Ill health has compelled Senator Teller to decline the invitation to at. tend the Butler Populist demonstration at Minneapolis Feb. 16. Byron A. Cole of New London has obtained a verdict of $150 against N. O. Andrews of Minneapolis for false imprisonment. He sued for $6,000. A St. Paul physician has asked permission to hypnotize John Moshik, soon to be hanged at Minneapolis. He believes this would lessen the horror of hanging. The German Lutherans in the synods of Minnesota, Wisconsin and Michigan have decided to establish a home for their aged people without relatives, at Belle Plaine. The friends of John McCallen, who ) was found dead recently near New was mure and coroner dered, Duluth, have have concluded requested he the to make an investigation. Twenty-one business men of St. Paul 1 and other Minnesota cities were at t Omaha last week over exposition grounds, making looking arrangements the for participating in the exposition. Miss Alice McKiernan was killed and e A. B. Tannous, her companion, was seriously injured at West St. Paul. , The carriage in which they were riding r was struck by a Great Western train. The annual meeting of the state board of boiler inipectors will be held e at the capitol Wednesday, Feb. 23. The annual reports of the inspectors will then be filed, officers elected and rules adopted for the ensuing year. May-dway-gah-no-nind, head chief of e the Red Lake bands of Chippewa Inel dians and the seer and oracle of the 3 Chippewas of Minnesota, is dead. The venerable chief was near the century mark of life and was the oldest and, i without doubt, the wisest sachem of the tribe. Henry Truelsen, Democrat-Populist, was re-elected mayor of Duluth by a f majority of about 1,500 over Elmer T. 5 Mitchell, Republican. The fusionists elected 3 aldermen, the Republicans 4, and independents 2. The council will e now stand: Fusionists 8, Republicans B, and independents 2. o Notification has been given that the board of y is to carry out 0 prepared regents of the the state the last university provisions e of the law by legislature, for the care treatproviding passed crippled and and ment of indigent, deo formed children who have been resin dents of the state not less than a year. e These children will be Eared for in the , city and county hospital at St. Paul. THE IRELAND LANDS. a Decision by Which the Archbishop Both Wins and Loses
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NEWS IN MINNESOTA Winnebago City proposes to have a sewer system. Mankato Oddfellows have dedicated their new building. A NEW telephone company has been organized at Mankato. Thirty-three horses perished in a livery stable fire at Minneapolis. The increase in population of state insane hospitals during the year was only 76. The supreme court has decided that a deposit in an insolvent bank is an offset to indebtedness to the bank. C. E. Wood of Spring Valley has agreed to build a 75-barrel roller mill at Herman for a bonus of $1,600. Winona now runs "bobtail" street cars, the conductors having been laid off in the interests of economy. Isaac Staples, the Stillwater lumberman, is seriously ill. He is 82 years old and it is feared he will not recover. In place of the buildings destroyed by fire at Stewartville early this winter new and better ones are to be erected. The poultry show at St. Paul is being held in connection of the with the associa- annual meeting State Poultry tion. Frank M. Nye, receiver of the Bank of pay a 40 cent Minneapolis, dividend has of been per authorized to the to creditors. A fight on ore freight rates will be commenced at Duluth in a few days by filing a complaint with the state railroad commission. Ill health has compelled Senator Teller to decline the invitation to at. tend the Butler Populist demonstration at Minneapolis Feb. 16. Byron A. Cole of New London has obtained a verdict of $150 against N.O. Andrews of Minneapolis for false imprisonment. He sued for $6,000. A St. Paul physician has asked permission to hypnotize John Moshik, soon to be hanged at Minneapolis. He believes this would lessen the horror of hanging. The German Lutherans in the synods of Minnesota, Wisconsin and Michigan have decided to establish a home for their aged people without relatives, at: Belle Plaine. The friends of John McCallen, who was near murDuluth, found have dead concluded recently he was New dered. have requested the coroner to make an investigation. Twenty-one business men of St. Paul and other Minnesota cities were at Omaha last week looking over the exposition grounds, making arrangements for participating in the exposition. Miss Alice McKiernan was killed and A. B. Tannous, her companion, was at The were seriously carriage injured in which West they St. riding Paul. was struck by a Great Western train. The annual meeting of the state held at 23. board the of capitol boiler inipectors Wednesday, will Feb. be The will be and annual then reports filed, officers of the elected. inspectors ru'es adopted for the ensuing year. May-dway-gah-no-nind, head chief of the Red Lake bands of Chippewa Indians and the seer and oracle of the Chippewas of Minnesota, is dead. The venerable chief was near the century mark of life and was the oldest and, without doubt, the wisest sachem of the tribe. Henry Truelsen, Democrat-Populist, was re-elected mayor of Duluth by a majority of about 1,500 over Elmer T. Mitchell, Republican. The fusionists elected 3 aldermen, the Republicans 4 and independents 2. The council will now stand: Fusionists 8, Republicans 6, and independents 2. Notification has been given that the board is to prepared of regents carry of the out state the university provisions of the law passed by the last legislature, providing for the care and treatment of indigent, crippled and deformed children who have been residents of the state not less than a year. children will be cared for in These the city and county hospital at St. Paul.
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Claims Cleaned Up. The final account of Frank M. Nye, as receiver of the Bank of Minneapo.is, just filed with Court Clerk Dickey, shows a very satisfactory condition of affairs. Of $136,393.06 in claims filed against the receiver, including $59832.96 in preferred claims, all but $.0,599.31 has been cleaned up.