Receiver appointed a few days after suspension; reopening was discussed but receiver was in place.
Events (3)
1.August 11, 1896Run
Cause
Bank Specific Adverse Info
Cause Details
Slow/impeded collections revealed weakness in published statement, precipitating heavy withdrawals (a depositor run).
Measures
Posted notice of closure; bank examiner took charge shortly after
Newspaper Excerpt
Heavy and unlooked-for withdrawals of deposits and the impossibility of making speedy collections compelled us to close our doors.
Source
newspapers
same day
2.August 11, 1896Suspension
Cause
Bank Specific Adverse Info
Cause Details
Management suspended payments because heavy withdrawals and inability to make speedy collections exhausted liquidity.
Newspaper Excerpt
The Security Bank ... closed its doors this morning. A notice posted on the door stated that heavy and unlooked-for withdrawals of deposits ... compelled us to close our doors.
Source
newspapers
+3 days
3.August 14, 1896Receivership
Newspaper Excerpt
M. D. Kenyon applied yesterday to the district court for the appointment of a receiver for the Security bank... A. R. MacFarlane was named. The assets of the bank amount to $362,261.10, and the liabilities $374,416.71.
Source
newspapers
Newspaper Articles (23)
1.August 11, 1896Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
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GOLDBUG OBJECT LESSONS
Beauties of the Beneficent Gold Standard Policy Exemplified--Banks 60 to the wall. New York, Aug. 11. - The following notice, signed by F. D. Kilburn, superintendent of banking, was ported on the Murray Hill bank to-day: "This bank is closed pending an examination of the condition of its affairs." The bank is one of the oldest state institutions of this city. The deposits amount to about $1,250,000. It is believed that they will be paid in full. One reason advanced for the suspension is that the bank had to take a considerable amount of real estate for loans. BANK CLOSED IN DULUTH. Duluth, Minn.-The Security bank, capital $100,00, one of the leading banks of the city, closed this morning. Heavy withdrawals and the impossibility of making speedy collections is given as the cause. M. D. Kenyon, state bank examiner, is in charge. The deposits are in the neighborhood of $300,000. BANK FAILURE IN CHICAGO. Chicago.-The private bank of L.D. Taylor & Co., successors to North & Taylor, closed to-day. By an order of the court, the Equitable Trust company was made receiver. The assets are $150,000; liabilities $100,000.
2.August 11, 1896The Evening TimesWashington, DC
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TWO BANKS CLOSE DOORS
Murray Hill in New York, Security in Duluth. New York, Aug. 11.-The Murray Hill Bank, doing business at No. 760 Third avenue, one off the oldest State banks in the city, has closed its doors. The bank has deposits of about $1,250,000, which, it is believed, will be paid in full. It is understood that the bank was compelled to suspend because it has had to take a good deal of real estate for loans. It is understood that the directors held a meeting this morning for the purpose of raising the $500,000 said to be needed to carry on the bank's business. The bank cleared through the First National. The First National will clear for it today, and it is stated that the Murray Hill has a large surplus with the first named. Bankers say that the suspension is due to dry rot more than anything else. Duluth. Minn., Aug. 11. The Security Bank of Duluth. one of the largest national banks in the State. "closed Its doors this morning. A notice posted on the door. stated that heavy and unlooked-for withdrawals of deposits and the impossibility of making speedy collections compelled it. The capital stock of the bank was $100,000 and its surplus $40,000. Its last statement show total resources of $535,835. There was, 6,740 of undivided profits on hand, The total deposits on July 22, the date of bank's last statement, were $329,324 None of the cers of the bank will talk about the k's affairs further than to say that th expect to pay all deposits in full,
DULUTH, Minn., August 11.-The Security bank, of Duluth, one of the largest state banks in this state, closed its doors this morning. The notice posted on the door reads: "Heavy and unlooked for withdrawals of deposits, and impossibility of making speedy collections, has compelled us to close our doors." The last statement of the bank's deposits, on July 22d, was $329,324. The officials say that they expect to pay the depositors in full. The failure has caused considerable excitement and further failures are feared.
4.August 11, 1896The Jersey City NewsJersey City, NJ
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MINNESOTA FEELS THE STRAIN
The Security Bank of Deluth Closes Its Doors. DULUTH, Minn., Aug. 11, 1896.-The Security Bank of Duluth, one of the largest national banks in the State, closed its doors this morning. Two notices are posted on the door, one reading:"Heavy and unlooked-for withdrawals of deposits and the impossibility of making speedy collections have compelled us to close our doors. We think depositors need have no fear regarding the ultimate safety of their funds. "W.=P, LARDNER, (Signed) "Cashier."
5.August 11, 1896Alexandria GazetteAlexandria, VA
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Bank Closed
DULUTH, Minn., Aug. 11.-The Security Bank of Duluth, one of the largest State banks in the State, closed its doors this morning. Heavy and unlooked for withdrawals of deposits and the impossibility of making speedy collections were the causes. The capital stock of the bank was $100,000, and its surplns $40,000. Its last statement showed total resources of $535,835.
6.August 11, 1896The Providence NewsProvidence, RI
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SECOND BANK FAILRRE
Security Bank of Duluth, Minnessota, Suspends. DULUTH, Minn., Aug. 11.-The security bnak of Duluth, capital $100,000, one of the leading banks of the city, closed its doors tibs morning. Heavy withdrawals of deposits and impossiility of making speed collections is given as the cause. M. D. Kenyon, State examiner, is in charge. The bank's deposits are in the neighborhood of $300,000.
7.August 12, 1896Richmond DispatchRichmond, VA
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BANK FAILURE AT DULUTH
Considerable Excitement, and Further Failures Feared. DULUTH, MINN., August 11.-The Security Bank of Duluth, one of the largest State banks in Minnesota, closed its doors this morning. A notice posted on the door signed by the cashier stated that heavy and unlooked-for withdrawals of deposits, and the impossibility of making speedy collections, compelled the bank to close its doors, and also that depositors need have no fear regarding the ultimate safety of their funds. Another notice, signed by the bank examiner, said that he had taken possession of the books. The failure caused considerable excitement, and further failures are feared. The bank was organized in 1889, with Joseph Sellwood as president, and F. W. Paine, cashier. The capital stock is $100,000, the surplus is $40,000, and the average deposits are $425,000.
8.August 12, 1896Birmingham State HeraldBirmingham, AL
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Another One Fails
Duluth, Minn., Aug. 11.-The Security bank of Duluth, one of the largest national banks in the state, closed doors this morning. Two notices were posted on the doors, one reading: "Heavy and unlooked for withdrawals of deposits and impossibility to make speedy collections have compelled us to close our doors. We think our depositors need have no fear regarding ultimate safety of their W. P. LARDNER, funds. "Cashier." The other notice reads: "In my official capacity of superintendent of banks of the state of Minnesota, I have taken possession of the books, records and assets of every description of this bank as provided by law. "M. D. KENYON, Examiner." The capital stock of the bank was $100,000 and its surplus $40,000. Its last statement showed resources of $535,835. There was $6740 of undivided profits on hand. The total deposits on July 22, the date of the bank's last statement, were $329,324. None of the officers of the bank will talk about the bank's affairs further than to say that they expect to pay all deposits in full.
9.August 12, 1896The Salt Lake HeraldSalt Lake City, UT
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BANKS CLOSED
DULUTH, Minn., Aug. 11.-The Security bank, of Duluth, one of the largest state banks in the state, closed its doors this morning. This notice was posited: "Heavy and unlooked for withdrawals of deposits and the impossibility of making speedy collections compelled us to close our doors." The last statement of the bank deposits on July 22 were $329,324. Officials say they expect to pay the debts in full. NEW YORK, Aug. 11.-The Murray Hill bank, doing business on Third avenue, one of the oldest state banks in the city, has closed its doors. The notice states that the bank is closed pending an examination of its affairs. The bank has deposits of $1,250,000, which it is believed will be paid in full. It is understood the bank was compelled to suspend because it had to take a good deal of real estate for loans.
DULUTH'S Security bank closed Tuesday morning. The cause was slow collections which showed a weakness in its published statement and caused a run. It is said the depositors will receive 100 cents on the dollar.
11.August 14, 1896The Wilson TimesWilson, NC
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Closed Its Doors
DULUTH, MINN.. August 11.-The Security Bank. of Duluth, one of the largest State Banks in the State, closed its doors this morning. A notice posted on the door, signed by the cashier, stated that heavy and unlooked for withdrawals of deposits and the small collections, caused the bank to close its doors. Another notice, signed by the Bank Examiner, stated that he had taken possession of its books The failure caused considerable excitement, and further failures are feared The bank was organized in 1889, wi U hos. Sellwood, president, and F. ayne, cashier. The capital 100,000; surplus, $40,000, an eposits, $435,000.
12.August 14, 1896The Coalville TimesCoalville, UT
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Wednesday, Aug. 10. Four workmen suffocated at Camden, N. J. Kansas Republicans renominate Gov. Merrill. Three persons burned to death in a New York fire. Hyrum Straw of Utah seriously stabbed near Rawlins. Deaths in and around New York number 200. Murray Hill bank of New York; L. D. Taylor & Co., Bankers of Chicago, and Security bank of Duluth suspend. Judge Wellborn at Los Angeles holds that the Goyernment can fix its own price for carrying mails or transporting troops on railroads.
13.August 15, 1896The Superior TimesSuperior, WI
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-The Security Bank of Duluth closed its doors on Tuesday. This bank has for several years been considered one of the safest banks in the city and although the hard times had affected it, there had been no real uneasiness felt. The panic caused by this failure Dr cipitated a run on the Marine bank which may prove disastrous.
14.August 15, 1896The Saint Paul GlobeSaint Paul, MN
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Receiver for the Security
DULUTH, Minn., Aug. 14.-M. D. Kenyon applied yesterday to the district court for the appointment of a receiver for the Security bank, and on motion of Attorney General Childs, A. R. MacFarlane was named. Mr. MacFarlane was for many years vice president of the American Exchange bank. He gave bonds for the amount of $375,000. The assets of the bank amount to $362,261.10, and the liabilities $374,416.71. The movement to reopen the bank is still under way, and with good prospects of success.
15.August 19, 1896Mower County TranscriptAustin, Lansing, MN
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NEWS IN MINNESOTA Melrose has granted a 40-year electric lighting franchise. The South St. Paul belt line railroad will begin to run trains before Sept. 1. Democrats of the Third congressional district have nominated H. J. Peck of Shakopee. Congressman Kiefer of St. Paul, has withdrawn from the contest for a renomination. The remains of Judge A. J. Edgerton were laid at rest with Masonic honors at Mantorville. The 7-year-old daughter of a farmer named Rosseland, of Chester, was killed in a hailstorm. Governor Clough has issued a proclamation declaring Labor Day, Sept. 7, a general holiday. The body of Adolph Franzen, who was drowned at Winona, has been found at Davenport, Ia. A movement is on foot to reorganize the Security bank of Duluth and place it upon its feet again. The Berlin Summit creamery, near Albert Lea, was destroyed by fire. Loss $8,000; insurance $1,700. An application has been filed to change the name of the town of Thief River Falls to Beau Falls. Stratton Bros.' drug store at Belle Plaine was burglarized of jewelry and money amounting to $125. Bertha Tuchenhagen of Waverly was accidentally shot by Joseph Gibbin. She is not expected to live. Horejs Bros., bakers, at St. Paul, lost 34 horses, 12 wagons and 4 carriages by the burning of their stables. Harvest hands returning from the West report a demoralized state of affairs in the wheat belt of Minnesota, and North and South Dakota. Italian laborers on the Great Northern returning from work on hand cars collided and two men were run over and seriously injured at Melrose. James Prince, John Langren and Frank Treat of New Brighton were convicted by a jury of illegal shooting of prairie chickens and were assessed $28 each. Judge Severance denied the injunction filed in May last by L. G. M. Fletcher against the city of Mankato to restrain it from purchasing an electric light plant. President Northrup of the state university prophesies that the coming year will see an enrollment of 2,600 students in that institution. The Red River valley drainage commission has let three more contracts for ditches to be constructed at Spring Creek, in Norman county, and at Manston in Wilkin county. Two suits of clothes were found on
16.August 20, 1896The Pioneer PressMiller, SD
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A Receiver Named
Duluth, Aug. 15 -M. D. Kenyon has applied to the district court for the appointment of a receiver for the Security bank, and on motion of Attorney General Childs, A. R. Macfarlane was named. Mr. Macfarlane was for many years vice president of the American Exchange bank. He gave bonds to the amount of $375,000. The assets of the bank amount to $362,261.10; and the liabilities are $374,416.71. The local liabilities are $279,000 and the rediscount $95,156.67. The movement to reopen the bank is still under way and with good prospect of success.
17.February 1, 1902The Labor WorldDuluth, MN
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Eleventh Judicial District. John M. McClintock and James Wanless, Plaintiffs,
vs.
John McKinley, Alice S. McKinley. F. L. Buell, First National Bank of Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee: W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania: Bank of Baldwin; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham; S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as receivers of Northern Trust Company: First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier; Keystone Driller Company; Wells-Stone Mercantile Company: National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler, deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley: Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee: Hudson Wilson: Frank Crassweller; Levi T. Hannum: James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company: Sarah J. Wyman: D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased: Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams, Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein,
Defendants.
18.February 15, 1902The Labor WorldDuluth, MN
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Herry and Walter L. Badger as receivers of Northern Trust Company; First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier; Keystone Driller Company; Well-Stone Mercantile Company; National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum; James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company; Sarah J. Wyman; D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased; Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams, Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein,
Defendants.
19.March 8, 1902The Labor WorldDuluth, MN
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NOTICE OF LIS PENDENS. STATE OF MINNESOTA, COUNTY of St. Louis-ss. District Court, Eleventh Judicial District. John M. McClintock and James Wanless, vs. Plaintiffs.
John McKinley, Alice S. McKinley, F. L. Buell, First National Bank of Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee; W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania; Bank of Baldwin; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham; S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as receivers of Northern Trust Company; First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier; Keystone Driller Company; Well-Stone Mercantile Company; National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum; James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company; Sarah J. Wyman; D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased; Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams, Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein, Defendants.
20.March 15, 1902The Labor WorldDuluth, MN
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Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee; W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania; Bank of Bald- win; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham; S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as re- ceivers of Northern Trust Company; First National Bank of Arcanum. Ohio: M. M. Dye and W. H. Dye, co-partners as Dye Brothers; Wil- liam E. Richardson; Louis D. Wil- kes; First National Bank of Punx- sutawney, Pennsylvania; E. T. Arch- ibald; Waite H. Squier; Keystone Driller Company; Wells-Stone Mer- cantile Company; National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as ad- ministrator of the estate of D. A. Wheeler, deceased; Cornelia N. Hin- man as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First Na- tional Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum; James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company; Sarah J. Wyman; D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Bar- bara Hibbing as executrix of the Will of Frank Hibbing, deceased; Wolfborough Loan & Banking Com- pany, a corporation; Luther Men- denhall; Nathan W. Williams, Lu- cien M. Williams and Park E. Sim- mons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as re- ceiver of the Duluth Dry Goods Com- pany; International Trust Company and Charles L. Howe in their own right and as trustees for the cred- itors of the American Loan & Trust Company Intervening in the case of International Trust Company, in be- half of itself and all other creditors of the American Loan & Trust Com- pany, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate de- scribed in the complaint herein, Defendants.
21.March 15, 1902The Labor WorldDuluth, MN
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NOTICE OF LIS PENDENS.
STATE OF MINNESOTA, COUNTY of St. Louis-ss. District Court, Eleventh Judicial District. John M. McClintock and James Wanless, Plaintiffs.
vs.
John McKinley, Alice S. McKinley, F. L. Buell, First National Bank of Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee; W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W.. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania; Bank of Baldwin; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham; S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as receivers of Northern Trust Company; First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier; Keystone Driller Company; Well-Stone Mercantile Company: National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum; James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company: Sarah J. Wyman; D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased: Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams, Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein, Defendants.
22.April 5, 1902The Labor WorldDuluth, MN
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NOTICE OF LIS PENDENS.
STATE OF MINNESOTA, COUNTY of St. Louis-ss. District Court, Eleventh Judicial District. John M. McClintock and James Wanless, Plaintiffs.
vs.
John McKinley, Alice S. McKinley, F. L. Buell, First National Bank of Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee; W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W.. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania; Bank of Baldwin; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham: S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as receivers of Northern Trust Company; First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier: Keystone Driller Company; Well-Stone Mercantile Company: National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum; James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company; Sarah J. Wyman; D. C. Smith; Jane A. Merritt; Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased: Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams, Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased; Henry M. Bradley; John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintiff, vs. American Loan & Trust Company, et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein, Defendants.
23.April 5, 1902The Labor WorldDuluth, MN
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STATE OF MINNESOTA. COUNTY of St. Louis ss District Court, Eleventh Judicial District. John M. McClintock and James Wanless, Plaintiffs,
vs.
John McKinley, Alice S. McKinley, F. L. Buell, First National Bank of Richfield Springs, New York; The First National Bank of Duluth; Albert B. Geilfuss, Assignee; W. H. Timlin; W. J. Powers and H. D. Powers, co-partners as W. J. & H. D. Powers; Robert B. Whiteside; First National Bank of Cooperstown; The Second National Bank of Mauch Chunk, Pennsylvania; Bank of Baldwin; John T. Murphy as receiver of Keystone National Bank of West Superior; Thomas S. Buckham; S. J. Wright; W. S. Jackson; Louis B. Henry and Walter L. Badger as receivers of Northern Trust Company: First National Bank of Arcanum, Ohio; M. M. Dye and W. H. Dye, co-partners as Dye Brothers; William E. Richardson; Louis D. Wilkes; First National Bank of Punxsutawney, Pennsylvania; E. T. Archibald; Waite H. Squier; Keystone Driller Company; Wells-Stone Mercantile Company; National Bank of Redemption; Lime Rock National Bank; Edwin W. Wheeler as administrator of the estate of D. A. Wheeler, deceased; Cornelia N. Hinman as administratrix of the estate of William G. Hinman, deceased; Townsend W. Hoopes; Guildford G. Hartley; Mark Hughes; First National Bank of Madison, Wisconsin; Marine National Bank of Duluth, a corporation; William Plankington, assignee; Hudson Wilson; Frank Crassweller; Levi T. Hannum: James E. Duncan, Harry P. Duncan and John E. Miller, co-partners as Geo. Duncan Sons & Company; Sarah J. Wyman; D. C. Smith: Jane A. Merritt: Andrew W. Comstock and William Comstock individually and as surviving partners of the firm of Comstock Brothers; Angus R. Macfarlane as receiver of Security Bank of Duluth, a corporation; Barbara Hibbing as executrix of the Will of Frank Hibbing, deceased: Wolfborough Loan & Banking Company, a corporation; Luther Mendenhall; Nathan W. Williams. Lucien M. Williams and Park E. Simmons as executors of the Will of John M. Williams, deceased: Henry M. Bradley. John H. Dight as receiver of the Duluth Dry Goods Company; International Trust Company and Charles L. Howe in their own right and as trustees for the creditors of the American Loan & Trust Company intervening in the case of International Trust Company, in behalf of itself and all other creditors of the American Loan & Trust Company, plaintift, vs. American Loan & Trust Company. et al., defendants, pending in the district court of St. Louis County, Minnesota; also all other persons or parties unknown claiming any right, title, estate, lien or interest in the real estate described in the complaint herein,
Defendants.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.