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Minneapolis Bank Suspends. MINNEAPOLIS. Minn., June 26.-The Bank of New England suspended payment Monday morning. The bank is the youngest in the city, its president, A. J. Blethen, having been a newspaper proprietor before he went into bank. ing. Mr. Blethen issued a card Monday morning, stating that the bank had withstood a run at the time of the run on the Farmers' and Mechanics' Savings bank six weeks ago and that it had been further weakened by the Chiango bank failures.
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A Minneapolis Bank Suspends. Minneapolis, Minn., June 26.—The Bank of New England has suspended payment. Its capital stock is $100,000. The amount of the deposits is unknown.
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A Minneapolis Bank Suspends. MINNEAPOLIS, June 26.-The Bank of New England has suspended payment, at least temporarily. Since the failure of the State bank Thursday there has been a steady withdrawal of deposits. A. J. Blethen, president, says he had considerable money tied up in the Chicago failures. He says depositore. will be paid in full. It had liabilities of $200,000; assets somewhat in excees of thatsum. Blethen was a well known newspaper man.
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Bank of New England Suspends. MINNEAPOLIS, MINN., June 26.—The Bank of New England has suspended payment. Capital stock, $100,000. Deposits unknown.
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A Miuneapolis Bank Suspends. MINNEAPOLIS, June 26.-The Bank of New England has suspended payments, at least temporarily. Since the failure of the State Bank on Thursday there has been a steady withdrawal of deposits. A. J. Blethen, president, says he had considerable money tied up in Chicago futures. He says depositors will be paid in full. Liabilities, $300,000; assets somewhat in excess of that sum. Blethen is a well known newspaper man.
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MINNEAPOLIS BANK Minneapolis, Minn., June 26.-The Bank of New England suspended payment this morning. Since Friday there has been a steady withdrawal of depoits. A. J. Blethen, the president of the bank. says it had considerable money tied up by the Chicago failures. Every depositor, he added. would be paid in full. The bank had cash available $64,000 on May 4: liabilities $20,000. assets somewhat in excess of that amount. No other banks are in any way involved.
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Bank Failures at Minneapolis. MINNEAPOLIS, June 26.-The bank of New England has suspended payment, at least temporarily. Since the failure of the State bank Thursday there has been a steady withdrawal of deposits. A. J. Blethen, the president, says he had considerable money tied up in the Chicago failures. He says depositors will be paid in full. The bank had liabilities of $200,000 and assets somewhat in excess of that sum. Blethen is a well known newspaper man.
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Suspended Payment. MINNEAPOLIS, MINN., June 26.The Bank of New England has suspended payment.
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Bank of New England Suspends. MINNEAPOLIS, Minn., June 27.-The Bank of New England suspended payment Monday. The bank is the youngest in the city, its president, A. J. Blethen, having been a newspaper proprietor before he went into banking. It is announced that the suspension will be only temporary, but if the bank cannot resume the depositors will be paid in full by the stockholders. The bank is a small one.
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BANK OF NEW ENGLAND ASSIGNS. Result of a Suit Brought on Behalf of the State-Assets, $280,000. MINNEAPOLIS, July 7.-The bank of New England assigned yesterday to Judge John P. Rea, the result of a suit brought by the attorney-general on be. half of the state asserting that the bank holds a balance of the state funds now on deposit aggregating $81,331.17, which it is unable to pay. The assets are placed at $280,000.
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Western Business Failures. BOSTON, July 7.-These business failures are reported: Wisconsin Furnace company, Chicago, a seigned; Lock & Co., merchants, at Alma, Ark., embarrassed; liabilities of the Pacific bank of San Francisco are $1,868,041, (not including $1,000,000 capital and $1,800,000 surplus, assets $2,095,177; Bank of New England at Minneapolis, Minn., assigned Thursday.
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WILL RESUME. I MINNEAPOLIS, Minn., Aug. 28.-The Bank of New England. which suspended recently, will resume Saturday.
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Another Bank Resuming. MINNEAPOLIS, Minn., Aug. 29.-The Bank of New England which suspended a month ago will resume business Saturday next. President Blethen says the bank has better backing than ever.
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# BANK RESUMPTIONS. Many Reported From Different Parts of the Country. A telegram from Washington says: The following national banks, which recently suspended payment, have been permitted to reopen their doors for business: The State national bank of Denver, Col.; the Louisville city national bank, of Louisville, Ky.; the Merchants' bank of Louisville; Ky.; the First national bank of Ashland, Wis., and the First national bank of Platteville, Wis.; the German national bank of Denver, Col.; the First national bank of Canon City, Col. At Minneapolis, the Bank of New England, which suspended about a month ago, has resumed business. At San Francisco the People's home savings bank, which closed its doors June 23, opened for business. A statement issued by the national banks of Kansas City shows that since the height of the financial flurry, which was reached on June 19, the deposits have increased $2,000,000. The First national bank of Dubuque, Ia.; the First National bank of Grand Rapids, Col. The American national bank of Omaha, Neb.; the American national bank of Nashville, Tenn. The First national bank of Mankato, the National Citizens' bank of Mankota the Mankato national bank, all of Mankato, Minn.
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CAPITOL CULLINGS. The state historical library yesterday received a copy of Crisp's new "Visitation of England and Wales." Articles of incorporation of the East Grand Forks Fair and Driving association, with a capital stock of $10,000. were filed yesterday with the secretary of state. State Treasurer Bobleter has been elected cashier of the Columbia National Bank of Minneapolis, but he will not take an active part in the management. Articles or incorporation of the "Delong Abdominal Bandage Manufacturing company." of St. Paul. with a capital stock of $5,000, were filed yesterday with the secretary of state. Attorney General Childs and Assistant Attorney General Edgerton were in Minneapolis yesterday to attend the hearing of the application of the state for a receiver for the Bank of New England. Ole Gunderson, sheriff of Norman county, yesterday collected $80.27 from the state for taking two prisoners to Stillwater. Sheriff J., C. Thorn, of Nobies county, also collected $57 for bringing two from his county.
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WILL REA REMAIN? Minneapolis, Nov. 20.-The appointment of a receiver for the Bank of New England, whose affairs have been under the management of Judge Rea, as assignee, has been taken under advisement by Judge Russell, who will consult the other members of the bench before making the appointment. In the matter of the appointment, Mr. Cohen, attorney for Judge Rea, stated to the court that more than one-half the creditors had petitioned that Judge Rea be retained. Mr. Cohen also stated the liabilities under Judge Rea's administration had been largely reduced and that he did not want the proceedings to go on, under the impression that Judge Rea had been derelect. Judge Rea then made a brief statement concerning his occupancy of the assigneeship and its management.
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WILL REA REMAIN? Minneapolis, Nov. 20.-The appointment of a receiver for the Bank of New England, whose affairs have been under the management of Judge Rea, as assignee, has been taken under advisement by Judge Russell, who will consult the other members of the bench before making the appointment. In the matter of the appointment. Mr. Cohen, attorney for Judge Rea. stated to the court that more than one-half the creditors had petitioned that Judge Rea be retained. Mr. Cohen also stated the liabilities under Judge Rea's administration had been largely reduced and that he did not want the proceedings to go on, under the impression that Judge Rea had been derelect. Judge Rea then made a brief statement concerning his occupancy of the assigneeship and its management.
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MINNEAPOLIS. OFFICE 29 SOUTH FOURTH STREET. MINNEAPOLIS GLOBULES. Schedules filed in the insolvency of Johnsen & Peterson show assets amounting to $359.73 and liabilities amounting to $177.82. The championship in the tennis singles for the Northwest will be decided Saturday afternoon at the Park avenue tennis courts. Among the players will be Carr B. Neel, who will compete with George K. Belden. The match will be called at 3 o'clock. Letters of administration were granted yesterday to Judge Charles B. Elliott in the estate of his brother, the late Joseph R. Elliott, his bond in the sum of $3,000 being approved by the court and filed. Judge Jamison has filed an order granting a new trial in the suit brought by J. P. Rea, as receiver of the Bank of New England, against George A. & W. M. Brackett to recover on a $2,500 judgment. The two-story frame dwelling belonging to a Miss Will at Forty-third street and Thirty-fourth avenue south was burned to the ground at an early hour yesterday morning. The fire started from a defective chimney. Loss, $2,000; insurance, $1,000. Judge Belden yesterday morning granted Jessie P. Riordan a divorce from John P. Riordan. Martha J. Wheeler proved the desertion of Edwin Wheeler and was given a bill of divorce. The case of Walter F. B. Starrett against Mary E. Starrett was continued for further evidence. The Great Northern Railroad company will build a grain elevator on the site of the burned "A," near the Lyndale avenue crossing, of 1,500,000 bushels capacity. The permit was issued to Samuel Hill. The elevator is expected to be ready for use by Dec. 1. Julia Marlowe-Taber and Robert Taber, who each season bring us something entirely new in the Shakespearean or standard drama, will appear at the Metropolitan next Monday evening in "Romola." In addition to "Romola," the Tabers will present "As You Like It," "Much Ado About Nothing" and "Romeo and Juliet." The sale of seats will commence this morning. Next week the Bijou will witness the first farce comedy of the season and it is safe to predict a strong welcome, owing to the immense popularity of this style of play in this city. "Town Topics" is a new skit and has never been seen in this district. It is described as a laughable concoction, not heavily burdened with a plot, but contining sufficient connection to hang together a host of laughable scenes, incidents and climaxes. Schdules filed yesterday morning in the assignment of J. A. Shea show the liabilities to be $31,900.67, of which $21,120.58 are in the accounts and bills payable. The assets are nominally placed at $61,111.30, of which the larger part is in accounts receivable, and $9,511.32 in claims against various railways and express companies. The stock of merchandise is placed at $2,846.57.
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# SENATE WAS DULL. Barely a Quorum in the Morning, None Later. There were so few senators, more than a quorum present at the session yesterday morning, that the senators who were fortunate enough to have bills on the calendar were afraid to try to get them through, lest a few objections might kill them. General orders were hurried through and a recess taken until 2 o'clock for the consideration of the calendar, but the attendance was smaller still then, and no bills were passed. Mr. Thrope had a pocketful of bridge bills and there were some others introduced. The most important measure was one by Senator Wyman, to relieve the receivers of the Bank of New England in Minneapolis, from paying interest on state funds deposited in the bank at the time it failed. The bank had on deposit $61,208.35 of state funds. The bill states that the principal has been paid the state, and that the funds remaining are insufficient to pay the general creditors in full, so it is inequitable, they believe, for the state to insist upon the interest. Senator Stevens called up his bill providing that a deposit of $100,000 made with the state shall be sufficient to authorize title insurance companies to do business in this state. At present they are required to deposit $200,000-$100,000 with the state auditor and another $100,000 with the insurance commissioner. The bill also provides that the company shall be taxed on the real estate held by the trust department, the same as other corporations are taxed, and that in addition it shall pay the regulation gross earnings tax on the insurance earnings. The bill was recommended to pass. The committee recommended the passage of Heneman's bill to permit villages situated in two or more townships to separate themselves from the township government. The bill is intended to afford relief to the village of Hutchinson, which is so situated. The substitute bill by the committee on education to raise the standard of qualifications for teachers was also recommended to pass. The provisions of the bill are: That a first-grade certificate be good for two years, and the second grade for one year, both good anywhere in the county. A third-grade certificate is made good for six months in a given district only. The grade of the certificate is to be determined by ex-amination in orthography, reading in Eng-lish, penmanship, arithmatic, grammar, mod-ern geography, history of the United States, and the practical, elementary facts of hygiene. Certificates may be renewed by indorsement of the county superintendent; provided that in addition to the above named branches, candidates for first-grade certificates shall be examined in elementary algebra, elementary plane geometry, physical geography, physiology, natural history, civil government and the theory and practice of teaching, and no person may receive a first-grade certificate who has not taught at least one term of three months or more. Candidates for certificates shall qualify in one of the following classes: First Class-Must be a graduate of a college preparatory school, normal school or college. Second Class-Must have secured final standings from state high schools of the first-class, or normal schools in arithmetic, English grammar, geography, history of the United States, civil government and physiology. Third Class-Must hold state high school board certificates in Class 2. All candidates must be over eighteen years of age. The qualifications regarding the schooling of the applicants for the three classes and the minimum age limit of eighteen years are the additions to the qualifications in the old law. The judiciary committee killed the Peterson public defender bill.
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# LEGISLATIVE FEATURES. The senate committee on banking indefinitely postponed the Wyman bill to relieve the Bank of New England, in Minneapolis, from paying the interest on the state deposit it held at the time of its suspension. The committee recommended the passage of Wyman's bill to allow the state superintendent of banks two additional assistant examiners, that banks may be examined twice a year instead of once. It also reported favorably on the general banking law prescribing the manner in which banks shall do business and providing that the state superintendent of banks shall immediately take charge of any bank found to have been violating the law. The senate committee on railroads yesterday morning recommended the indefinite postponement of the Ringdal bill, a reincarnation of the Anderson bill for the taxation of railroad lands. The committee does not believe that the Anderson bill was invalidated by the unseating of Frank Day. Senator Hanna would pay county commissioners $3 per day for services and 10 cents per mile for traveling, and limit the number of days for which they may draw pay to fifteen, and the number of miles traveled 100 in any one year. Senator Stevens this morning introduced a bill to exempt from execution the library, philosophical and chemical or other apparatus used in instruction and the furniture of any educational institution in the state. Senator Thompson's bill to amend the insurance law of 1895, authorizes insurance against loss by burglary, which is not allowed under the present law. Senator Sperry introduced a bill to regulate the tax on mines. It provides for a tax of 5 cents per ton on iron ore, 1 cent per ton on coal and 50 cents per ton on copper mined in this state. This tax to be in lieu of all taxes on the capital stock and the real estate actually used in mining. The proceeds of the tax are to be divided between the state and the counties in which the mines are located in the same proportion that other taxes are divided. Senator Culkin would amend section 5612 of the General Statutes of 1894, in relation to the issuing of subpoenas, to read as follows: "Every clerk of a court of record and every justice of peace and every attorney admitted to practice in the district courts, may issue subpoenas for witnesses in all civil and criminal cases pending before the court, provided that an attorney shall only issue the subpoena in matters in which he is retained."
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LEGISLATIVE NOTES. Senator Knatvold introduced a joint solution that March 31 be made t e Imit for final adjournment of the legislathire, and had it laid on the table for fusure action. Senator Dunn has introduced a bill which proposes to allow the organization of mutual companies to insure against Durg ary and against the loss of money or valuables in course of transportation. The Wyman bill to relieve the receiver the Bank of New England of Minneapdis from paying the interest due the state en funds on deposit in the bank at the time of its failure was turned down by the senate judiciary committee. Cadets Will Not Grane the Occasion. WASHINGTON, Feb. 19.-The senate committee on military affairs took verse action on the proposition to Liring the cadets from West Point to inauguration.
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From the Budget. When O. D. Kinney, of Duluth, enlisted in a Pennsylvania regiment in April, 1861, he was 15 years old, 6 feet 2½ inches tall, and weighed 130 pounds without his shadow. He was a sort of Shanghai edition of childhood and by taking up the slack in the bosom of his army pants, could wrap 'em twice around his anatomy and button 'em behind. His other garments gave him similiar fits, but he gained an inch and a half in height and seventy pounds in weight during the service which took him all around from Bull Run to Gettysburg and the Wilderness, while he never saw a hospital nor got a scratch. But he has grown still more since then, and in taking recent measurements of himself and making comparisons with the holes in his uniform, finds that he would have been killed in every battle with his present dimensions. He was slim enough in '61, but not so slim as his chances would be now, and he therefore favors arbitration, or only iron-clad warfare. A prominent financier declares that for legitimate business Lyman J. Gage's First National Bank, of Chicago, is surpassed only by the Bank of England. No comparison is made with the Bank of New England, at Minneapolis, which has assets enough to pay about 80 cents on the dollar of the receiver's salary. The depositors ought to be assessed for the balance. A bill was introduced in the last congress to give any city with more than 100,000 population a special design for its postage stamps. That for the capital city of Minnesota should represent our patron saint with a crowbar trying to open a bank account.
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# THE LAW COURT, The following Knox county case was argued yesterday: Jarvis C. Perry et als in eq. vs. Rockland & Rockport Lime company. Heath & Andrews, Moulton & Johnson. N. & H. B. Cleaves, Drummond & Drummond, Littlefield, Clarence Hale. The following Cumberland county case is being argued: Clarence H. Childs, receiver of the Bank of New England of Minneapolis, vs. Henry B. Cleaves, a stockholder. E. M. Rand. Symonds, Snow and Cook.