Union Stock Yards Bank (South St Paul, MN)

Episode Information

Episode UID
5710653891193
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
571065389 hash
Start Date
May 14, 1899
Location
South St Paul, Minnesota (44.893, -93.035)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d3d02f6a15e696a4

Response Measures

None

Description

Articles refer to a receiver already appointed and actions to collect on insolvency; no reopening reported.

Events (2)

1. May 14, 1899 Receivership
Newspaper Excerpt
Mr. H. Sullivan, receiver of the Union Stockyards Bank of South St. Paul, has finally secured judgment against the stockholders for the amount of their liability.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent and a receiver had been appointed to wind up affairs; judgment pursued against stockholders.
Newspaper Excerpt
M. H. Sullivan, receiver of the Union Stockyards Bank of South St. Paul...
Source
newspapers

Newspaper Articles (2)

Article from The Saint Paul Globe, May 14, 1899

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Article Text

New Fire Chief. HASTINGS, May 13.-(Special.)-Edway Cobb has been elected chief of the fire department, Christ Otte retiring on account of his appointment as chief of police, after thirteen years of service. Mr. H. Sullivan, receiver of the Union Stockyards Bank of South St. Paul, has finally secured judgment against the stockholders for the amount of their liability. In consequence the assets will be increased about $8,300. The special election to determine whether Hastings will issue $30,000 bonds or not for a new school house takes place next Thursday, the 18th inst.


Article from The Saint Paul Globe, September 29, 1899

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Article Text

the Bases of the Cause of Action. The promissory notes given by William Dawson and his sons, William Dawson Jr. and Samuel E. Dawson, to the Bank of Minnesota, are again the subject of legal contention, Frank A. Seymour and W. H. Lightner, as receivers of the bank, having begun proceedings in the district court to establish a first lien upon all the property owned by the Dawsons. The defendants in the summons for relief, as it is designated, form a long list, as there are included all of the other corporations and persons who are known to have claims against the Dawson property. These defendants are as follows: Samuel E. Dawson, William Dawson, Mary F. Dawson, his wife, Alpheus B. Stickney, as assignee of William Dawson, insolvent; William Dawson Jr., Maria R. Dawson, his wife; Thomas L. Blood, as assignee of William Dawson Jr.; O. H. Arosin, as county treasurer; Allemannia bank, Allan Black, Helen E. Brown, Citizens' Savings Bank and Trust company, L. Bertram Cady, Michael Doran, Spencer E. Davis, F. E. Elmund, county treasurer; First National Bank of Detroit, Minn.; John W. S. Frost, Richard J. Hill, Jared How, Iowa Land company, limited, Edwin N. Lightner, trustee for Martha Lightner; Merchants' National Bank of St. Paul, Mechanics' National Bank of New York, Emma P. Matthews, as administratrix of the estate of George H. Matthews, deceased; National German-American Bank of St. Paul, Herman W. Phillips as receiver; Robert D. Stewart, Katherine S. Stewart, Margaret Schutte, Louis N. Scott, Rosa L. Schurmeier, as executrix of the estate of Gustave T. Schurmeier, deceased; M. H. Sullivan, as receiver of the Union Stock Yards bank, South St. Paul; enry Stein, St. Paul Title and Trust company., W. H. Yardley, as receiver of the Azotine Manufacturing company, and the county commissioners of Ramsey county Minnesota, and the Fort Dearborn National Bank. The summons, after setting forth the facts regarding the insolvency of the bank and the appointment of the plaintiff's as receivers, proceeds to relate that Feb. 6, 1896, Samuel E. Dawson and William Dawson made a promissory note to the bank for $10,000, and on the same date another note for $20,000; that on Aug. 18, 1896, Samuel E. Dawson, William Dawson and William Dawson Jr. made a note of $16,068.45; that on Nov. 1, 1896, the maker and another person made a note to the Bank of Minnesota of $1,500, upon which they subsequently paid $600, and on March 9, 1899, to secure the bank, assigned to plaintiffs the Dawson note of $16,068.45. The plaintiffs pray judgment that there is due them from the defendants, Samuel E. Dawson and William Dawson, $66,068.45, and from William Dawson Jr. $16,068.45, and that plaintiffs are entitled to a first lien upon all of the property owned by the defendants Samuel E. Dawson, William Dawson and William Dawson Jr.