8559. Bank of Minneapolis (Minneapolis, MN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
April 1, 1886
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini
Short Digest
908aee7cffaaaaa0

Response Measures

None

Description

Article (News and Citizen, 1886-04-01) states 'The bank of Minneapolis has just closed its doors' and attributes the failure to losses by officers who speculated in wheat. There is no mention of a depositor run; this appears to be a closure/failure due to adverse bank-specific conduct (embezzlement/speculation). Bank type not specified in text.

Events (1)

1. April 1, 1886 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to losses made by officers who speculated in wheat; internal misconduct/speculation led to insolvency.
Newspaper Excerpt
The bank of Minneapolis has just closed its doors. It is said the failure was caused by losses made by officers of the bank, who speculated in wheat.
Source
newspapers

Newspaper Articles (2)

Article from News and Citizen, April 1, 1886

Click image to open full size in new tab

Article Text

NOTES. Pasteur's hydrophobic Russians are recovering. Asst. Treasurer Capt. Nutt, who was shot by Dukes, in Pennsylvania, has been found $42,000 short in his accounts. The First National bank of Wah peton, Dak., has closed its doors. All the street cars in Pittsburg, Pa., have struck. Snow storms and floods are reported from Dakota. The bank of Minneapolis has just closed its doors. It is said the failure was caused by losses made by officers of the bank, who speculated in wheat. Sir Henry Taylor, the English dramatist, is dead at the age of 86. W. O. Cushman, of Passumpsic, and E. B. Chalmers, of Newbury, are among the newly elected members of the editorial board of the Dartmouth. Stephen Neal, whose mind originated and whose hands penned the fourteenth amendment, is living at Lebanon, Ind. Secretary Lamar is the only member of the Cabinet who is not keeping house. He has a suite of six rooms upon the sixth floor of the Portland Flats. The Portland Flats building has the general appearance of a large ship, and Mr. Lamar lives in the bow of the ship. It is a remarkable fact that in less than one year, 1843-4, Maine had six different governors, which number has probably never been equalled in any State of the Union within a similar period of time, as follows: Governor Fairfield for the year 1843, resigned; Governor Kavanaugh, President of the Senate, 1843, died, succeeded by Governor Parris, President of the Senate, 1843 ; Governor Dunn, speaker of the House, 1843, suspended by Governor Dana, president of the Senute, 1844; Governor Anderson, elected for the year 1844.


Article from The Times, June 30, 1893

Click image to open full size in new tab

Article Text

previous week. AS compared the with dethe the corresponding week of 1892 crease was 6.6. fatally MR. AND injured MRS. at PETER Beatrice, BOILLOT Neb., by were being thrown from their carriage. BALTIMORE police claim to have anar- disan organized band of blackcovered chists whose purpose was to levy mail. LONE robber boarded the express VirA of a Rock Island train at and car ginia, Neb., bound the messenger robbed the safe of $350. litJ. DORAN, a pugilist. killed his B. boy at Rochester, N. Y., with throwing poison and tle then took his own life by himself in front of a train of cars. ATTORNEY GENERAL OLNEY says clos- the over the opening and is controversy of the world's fair on Sunday is conended ing so far as his department cerned. THE store of Charles Piellas in Lan- of Mich., was robbed by two men sing, diamonds valued at $160,000. CYCLONE swept for fifty miles wreck- across A counties above Atlanta, Ga., crops. the ing buildings and ruining the CoFAILURES many were reported of Wash., bank at New Whatcom, First lumbia bank at Minneapolis, Minn., Cal., national State bank at San Bernardino, at San home savings bank at NiFrancisco People's and the Cataract bank agara Falls, business N. Y. part of the village by of Mount THE Sterling, O., was destroyed fire. LEROY PAYNE, one of Chicago's oldest liverymen, failed for $250,000. maple sugar crop of Vermont pounds, the THE past season was 5,759,762 $70,000. and the bounty will be directory of Brooklyn. of over N. Y., THE gives new that city a population 1,000,000. EULALIA sailed from New for York PRINCESS on the steamer La Touraine Spain. THE business portion of Leonardsville, was destroyed by fire. Kan., well-known stallion Arrival, reTHE 2:24 1/2, for whom his owners Me. record fased $15,000, died at Gardiner, who THIRTEEN contract laborers were arNew York from Germany same rived told that in they must return on the steamer. SHERIDAN & BYRNE, New York buildfailed for $225,000. ers, RICHARD SMITH, a young O., mar- was MRS. living near Rome, when ried woman her husband to hoe corn, by a copassisting bitten on the hand terrible she perhead was snake and died in agony. council of the order met in of THE supreine Commercial Travelers Columsixteenth United annual session at bus, O. supreme court of Onio, in that the THE will case, has decided inDeshler and sisters of full blood sisters. brothers before half brothers or the herit adds nearly a million dollars to wealth This of William G. Deshler. percentages of the baseball clubs week THE National league for the follows: in the on the 24th were as BrookPhiladelphia, ended 638; Boston, .638; Pittsburgh, .609; Cleveland, .548; 489; lyn, New York, 490; Baltimore.. .458; Chicago, .521; .478; Cineinnati. Louisville, Washington, .422; St. Louis, .422; .237. FREIGHT train on the Eastern cow near MinA wrecked by a nesota was Wis., and Engineer Ingersoll killed Partridge, McNanny were and Brakeman Reilly and Conductor and Hall were Fireman fatally injured. The property FORTY-ONE loss was $100,000 persons have world's been acci- fair grounds dentally since killed the on construction the of the buildings commenced. of its editor's attacks on lawBECAUSE the office of the New Albany and its breakers (Miss.) Gazette was broken into plant destroyed. T. HARRIS and a daughter the Rio 10 MRS. P. were drowned in Col. years of river age near Del Norte, of the Grande A MONUMENT in was memory unveiled in Wald- executed heim cemetery anarchists in Chicago in the presence S. of NEWMYER, 3,000 persons. a coke operator at J. Pa., failed for $200,000. Dawson, Denison. Tex., three marriage brothers NEAR were united in the named Early sisters named Parker, mother and of the event to three girls wound marrying up with the the father of the boys. songs by a choir of 100,000 of the PATRIOTIC be one of the features the Fourth of voices is to July celebration at world's fair. trestle engine left the rails on and a ConAN Mount Washington, O., Fireman near David Homan and injured. Asductor Philip King were fatally near BY the breaking of a levee sugar plancension, tations were La., ruined, some fifteen the loss being $1, 000,000. AN attempt to hold up Texas a train road on near the Missouri, Kansas was frustrated & by wide the open. engiStrinstown the throttle riddled neer enraged pulling would-be robbers The the coaches with bullets. the explosion of gasoline caused establishAN of five business Alderman destruction in Huron, S. D., and ments was burned to death. officers Feary IN a fight between Tennessee revenue one of each and moonshiners party was killed in and Marshal