Allemannia Bank (St Paul, MN)

Episode Information

Episode UID
5271236291206
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
527123629 hash
Start Date
June 9, 1900
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
a89f69bb43a98238

Response Measures

None

Description

Multiple court-ordered closures and a receiver were appointed; the bank did not resume long-term operations.

Events (3)
1. June 9, 1900 Receivership
Newspaper Excerpt
William F. Hunt was yesterday appointed receiver of the Allemannia bank by Judge Lewis of the district court.
Source
newspapers
2. * Reopening
Newspaper Excerpt
Soon afterwards the Allemannia bank failed. Later it reopened its doors and payments were begun upon the note; ... returned shortly after the bank had suspended for the second and last time.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Closed under orders of the state bank examiner (official regulatory action).
Newspaper Excerpt
Stockholders in the Allemannia bank, twice closed under orders from the state bank examiner, will have to suffer an assessment against their holdings.
Source
newspapers

Newspaper Articles (12)
1. June 9, 1900 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, June 9, 1900

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Article Text

COURT NAMES RECEIVER WILLIAM F. HUNT IS PLACED IN CHARGE OF THE ALLEMANNIA BANK SALARY IS FIXED AT $1,500 Receiver Is Directed to Enforce Statutory Liability of Stockholders and Convert Assets Into Money. William F. Hunt was yesterday appointed receiver of the Allemannia bank by Judge Lewis of the district court. The appointment was made upon the application of W. B. Douglas, attorney general of this state. The court orders that said receiver shall file a bond for $15,000, to be signed by one or more good sureties, and that he shall take charge of the property of said institution and collect, sue for and recover the debts and demands now due, and if necessary, enforce the statutory individual liability of the stockholders of said bank. He shall also, as speedily as possible, convert the bank's property and effects into money and in due time, as the court may direct, apply the same to the debts of said bank. The court fixed the salary of the receiver at $1,500 a year, to be paid in monthly installments of $125.

2. July 20, 1900 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, July 20, 1900

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Article Text

# Allemannia Bank Assets. Judge Jaggard yesterday issued an order to creditors of the Allemannia bank to show cause why a general order should not be issued authorizing the court to grant ex parte orders confirming sales, adjustments, and generally the official acts of the receiver. This is to save service of separate notice to creditors on each sale of assets by the receiver, which would greatly increase the expense and eat up the dividends.

3. April 3, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, April 3, 1901

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Article Text

# BLOW TO STOCKHOLDERS OWNERS OF ALLEMANNIA BANK STOCK TO BE ASSESSED 100 PER CENT LITIGATION WILL FOLLOW Mulcted Ones Will Set Up Defense That They Were Assessed on the Reorganization Scheme. Stockholders in the Allemannia bank, twice closed under orders from the state bank examiner, will have to suffer an assessment against their holdings. The order to this effect was yesterday issued to Receiver Hunt by Judge Otis, and will be carried into effect by that official, unless the courts are appealed to. The matter came up yesterday before Judge Otis on petition by the receiver for an assessment, and the argument indulged in by the attorneys representing the several interests were mainly on how large the assessment should be. The present assets of the bank are placed at $17,500, while the liabilities amount to $77,000, of which $5,000 in claims have been disallowed. This practically makes an indebtedness of $54,000, which, with the expenses of the receivership, would bring the liability of the defunct corporation up to a figure that not less than an assessment of 100 per cent would wipe out. Judge Otis accordingly instructed that the assessment be made. Attorney Trask, acting for the receiver, informed the court that he had inquired into the responsibility of the 250 or more stockholders of the bank and had found a rather mixed state of affairs. The holders of $6,400 of the stock were entirely solvent and had no defense against the liability; the holders of $12,500 were probably solvent, with the only defense that they had paid one assessment; the holders of $22,500 were solvent with no defense, except an assignment of their stock, and the remainder, representing about $26,500 of the stock, not solvent. There were others,

4. November 22, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 22, 1901

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Article Text

STATE OF MINNESOTA, COUNTY OF Ramsey-ss. District Court, Second Judicial District. State of Minnesota ex rel., Attorney General, VS. Allemannia Bank. John George Mattlin having filed in this Court in the action above entitled, his petition for leave to file herein his claim against said defendant, the Allemannia Bank of St. Paul; It is hereby ordered, that all creditors of said defendant and W. F. Hunt, its Receiver, and all persons interested, show cause, if any they have, before this Court, at a Special Term thereof, to be held in the Court House, at St. Paul, Minnesota, at ten o'clock in the forenoon of Saturday, the 14th day of December, 1901, why the prayer of said petitioner be not granted. Let this order be published once each week for two successive weeks in the Saint Paul Globe, and a copy thereof be served upon said Receiver forthwith. Dated November 21st, 1901. EDWIN A. JAGGARD, District Judge.

5. November 24, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 24, 1901

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Article Text

May Sell Land. Judge Lewis yesterday gave William F. Hunt, as receiver of the Allemannia Bank of St. Paul, permission to sell to Ernest Reiff 1,400 acres of land, tire same being part of the assets of the defunct bank, for a consideration of $1,350. The offer made at first was $1,000 and subsequently increased. The property is mostly sand lands, located northeast of St. Cloud.

6. November 28, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 28, 1901

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den in 1879, and in April of 1892 the de- fendant left home and the plaintiff al- leges that she does not know of his whereabouts. Judge Lewis yesterday requested the attorneys in the two cases brought by John A. Baker against Charles L. Covel to quiet title in certain proprety in Ram- sey county to submit briefs in the case. Both plaintiff and defendant offered evi- dence of a documentary nature, and the plaintiff filed stipulations of the counsel as testimony. William F. Hunt, as receiver of the Al- lemannia Bank of St. Paul, is suing to recover on stockholders' liability from Charles and Hugh Burns et al., in the case of the defunct bank. The defend- ants were not originally stockholders in the bank, but received the stock at the death of their uncle, one Fitzpatrick.

7. December 10, 1901 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, December 10, 1901

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Article Text

Allowed to File Claims. In the district court Judge Lewis filed an order yesterday in the case of the state of Minnesota ex rel. attorney general against the Allemannia Bank of St. Paul whereby Francis E. Baker, Paul S. Hendrickson, John Fisher and Peter Schletty are permitted to file their claims as creditors of the insolvent bank with W. F. Hunt, receiver.

8. February 11, 1902 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, February 11, 1902

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DISTRICT COURT NOTES. Judge Kelly filed an order yesterday directing judgment for the plaintiff in the suit of the Northwestern Mutual Life Insurance company against Louis F. Wise et al. to foreclose a mortagage of $1,109.88 and collect $439.28 for taxes and assessments paid. Judge Kelly filed an order yesterday directing judgment for the plaintiff in the case of W. P. Westfall against Terence Kenny to foreclose a mortgage of $900 on the center third of lots 1 and 2 Paul. of block 2, in Brunson's addition to St. Agnes M. Stout, Silas B. Walsh and Henry J. Schuldt were yesterday discharged from bankruptcy. In the criminal branch of the district court Judge Jaggard has on trial the case of William, alias "Butch" Johnson jointly indicted with William Donohue on the charge that one night last November they stopped Nic Keiffer on the road near White Bear and robbed him of $12. The jury in the case of Nicholas Betzold against the American Bridge company returned a verdict awarding the plaintiff damages of $7,000. In the cases of W. F. Hunt as receiver of the Allemannia bank against Mrs. Margaret Fitzgerald and E. A., Marks to enforce liability on stock Judge Otis tiff. yesterday directed verdicts for the plainJulius Bjornstad has filed suit in the district court against Peter Haupers et al. to quiet title to a portion of Tilton Acre, so-called, which is located in Irvine's addition to St. Paul. The will of Bernard Michel which was filed with the judge of probate some days ago has been admitted to probate.

9. March 23, 1902 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, March 23, 1902

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# CREDIT FOR STOCKHOLDERS. Allemannia Bank Decision of Importance by Judge Brill. According to a decision made by Judge Brill in the district court yesterday stockholders of the Allemannia bank who paid in money at the time of the reorganization of the concern are entitled to have it credited against their stock liability. The decision was given in the case of William F. Hunt, the receiver, against Charles G. Rozen, who was asked to pay $250. If applied to all the stockholders the decision will reduce the assets of the bank about $30,000. It will probably be appealed to the supreme court.

10. September 7, 1902 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, September 7, 1902

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DISTRICT COURT JUDGES HOLD SPECIAL SESSION Many Cases Are Considered by Judges Lewis, Brill, Kelly and Otis. Special sessions of court were held by Judges Lewis, Brill, Kelly and Otis yesterday. Following are the calendars: Judge Lewis: Ernest H. Blanchard vs. Harriet E. Blanchard. Order to show cause why plaintiff should not be punished for contempt of court. Continued one week. Judge Otis: Florence M. Flanagan vs. William Flanagan. Plaintiff applied for attorney's fees and alimony. Heard and granted. In the matter of the assignment of William Dawson, insolvent; application of Charles Power as assignee of St. Paul Plow company forset off. Heard and submitted. In re application of Frederick Aichete to register title of land. Testimony taken and cause submitted. Judge Kelly: Following applicants admitted to citizenship. Olaf Klund, John Nuggaard, W. J. Foman, Martin Gramm, Thomas M. Meade, H. Jorgenson. John Hines vs. George D. Dukes and George M. Dukes; motion to vacate order making George W. Dukes a party. Submitted. Thomas Spence VS. The Second National Bank of St. Paul; application of Thomas Spence to have title to certain land registered. Heard and taken under advisement. Judge Brill: In re assignment of William Dawson; application for an order confirming the assignee's sale of real estate property. Order signed. In re receivership of the Allemannia bank. Order to show cause why the sale of certain real estate should not be confirmed. Submitted. George W. Gray vs. William Bergen. Application for an order vacating judgment granted. L. Lamb Lumber Company vs. Christine G. Johnson et al. Application to amend summons, complaint and judgment. Granted. M. G. Reittler vs. Minneapolis Cold Storage Company. Motion for new trial. Granted. In re receivership of Savings bank. Application of Henry Malloy to file claim. Granted.

11. June 2, 1904 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, June 2, 1904

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Argued in Supreme Court. In the state supreme court yesterday the following cases were argued and submitted: William F. Hunt, as receiver of the Allemannia bank, St. Paul, against M. Doran, respondent; The City of Winona, respondent, vs. M. S. Jenkins et al, defendants, and The Fidelity Deposit Company of Maryland, appellant; The City of Winona, appellant, vs. M. S. Jenkins et al., defendants, and The Fidelity Deposit Company of Maryland, respondent.

12. March 29, 1905 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, March 29, 1905

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ENOS NOTE TANGLE Savings Bank Wins Suit to Recover Paper A decision settling, in so far as the Ramsey county district court is concerned, a litigation in which four banks and half a dozen individuals are involved, was announced yesterday by Judge Lewis. The matter was that of the petition of Charles E. Otis, receiver of the Savings bank of St. Paul and the Mechanics National bank of New York, to discover the legal claims of Fred M. Loomis to collect upon a note for $10,000 given by the Savings bank of St. Paul to the Allemannia bank for sixty days in 1896. Judge Lewis decides that the note had been fully paid by the Savings bank and orders Fred M. Loomis, holder of the note, to turn over collateral which he holds to Messrs. Nixon and Sheehan, receivers of the Minnesota Savings bank, and to Judge Otis, receiver of the Savings bank of St. Paul. In the summer of 1896 the $10,000 note, secured by `realty mortgages and bonds was given by the Savings Bank of St. Paul to the Allemannia bank, for sixty days. Shortly afterwards the Allemannia bank, the Savings bank having suspended in the meantime, and itself being hard pressed for funds, discounted the note to the Mechanics National bank of New York. Soon afterwards the Allemannia bank failed. Later it reopened its doors and payments were begun upon the note. These payments were credited to the account of the Mechanics National on the local bank's books and finally the note was completely satisfied and was returned shortly after the bank had suspended for the second and last time. W. F. Hunt, the receiver, came into possession of the note which had been returned, made on the Savings bank and found only a couple of small payment indorsements upon its back, so he concluded that it was still negotiable property and Fred M. Loomis bought it, together with certain of the securities which had been given when the note was first made. Investigations showed that the note was fully satisfied and the suit resulted to ascertain the claims of Mr. Loomis for collection.