State Bank (Minneapolis, MN)

Episode Information

Episode UID
9443390591122
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
state
Bank ID
944339059 hash
Start Date
June 1, 1893
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7782cdf44a17e981

Response Measures

None

Description

Suspension June 23–24, 1893 due to steady withdrawals; later assigned/insolvent (assignee June 27, 1893).

Events (3)

1. June 1, 1893 Run
Cause
Local Banks
Cause Details
Steady withdrawals driven by uneasiness from recent trouble with savings banks and runs on local banks, causing depositors to withdraw certificates since March.
Measures
Assurances to depositors that bank would resume in a few days; meeting of officers and directors considered backing but elected temporary closure.
Newspaper Excerpt
holders of certificates of deposit issued by the State bank ... since March 1 over $100,000 has been withdrawn
Source
newspapers
2. June 23, 1893 Suspension
Cause
Local Banks
Cause Details
Steady withdrawals by depositors (a run) forced the bank to suspend payment; cited earlier runs/trouble in local savings banks as context.
Newspaper Excerpt
The State Bank of this city suspended payment this morning, the assurance being given to depositors that it would resume in a few days.
Source
newspapers
3. June 27, 1893 Receivership
Newspaper Excerpt
Since the failure of the State bank Thursday there has been a steady withdrawal of deposits...said bank being insolvent; assigned on the 27th day of June, 1893; assignee of said State Bank, to Donald McCuaig, jr., (assignee).
Source
newspapers

Newspaper Articles (21)

Article from The Morning News, June 24, 1893

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A Minneapolis Bank Closed. Minneapolis, Minn., June 28.-The - State Bank of this city suspended payment this morning, assurance being gived to depositors that it would resume in a few days, The Bank has a paid up capital of $75,000. Steady with-drawals by depositors were the cause of the action, The Bank is one of the smallèr ones of the city.


Article from New-York Tribune, June 24, 1893

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FORCED TO SUSPEND BY WITHDRAWALS. Minneapolis. Minn., June 23.-The State Bank of this city suspended payment this morning. the assurance being given to depositors that It would resume In a few days. The bank has a paid-up capital of $75, 000. Steady withdrawals by depositors were the cause of the action. The bank is one of the smaller ones of the city.


Article from The Sun, June 24, 1893

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Other Bank Failures, MINNEAPOLIS, June 23.-The State Bank of this city suspended payment this morning. the assurance being given to depositors that it would resume in a few days. The bank has a paid-up capital of $75,000. Steady withdrawals by depositors were the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, June 23.-A special from New Whatcom. Wash.. says the First National Bank closed its doors at noon yesterday. Inability to realize on its securities is the cause given for suspension. The bank's officials state that their assets are double their liabilities. and that depositors will be paid in full. GREENVILLE. Mich., June 23.-The failure of the City National Bank. which suspended payment yesterday, was due to a steady run on the bank. which has continued since June 1. The examination up to this time shows deposits of $210,000 and assets of $312,000. It is not known yet whether the bank will be able to resume or will be compelled to go into a receiver's hands. The bank was examined on Sept. 28. 1892. and reported in good condition. INDIANAPOLIS, June 23.-The First National Bank of Kendallville suspended payment today.


Article from The Evening Herald, June 24, 1893

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Minneapolis Bank Suspends. MINNEAPOLIS, Mion., June 24. - -The State bank of this city has suspended payment, the assurance being given to depos itors that it would resume in a few days. The bank has a paid up capital of $75,000. Steady withdrawais by depositors were the cause of the action. The bank is one of the smaller ones of the city.


Article from St. Paul Daily Globe, June 24, 1893

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THE BLINDS DOWN. Temporary Embarrassment of the State Bank. The State Bank of Minneapolis temporarily suspended payment yesterday morning. A sign on the door in the handwriting of President Kortgaard says that payment is temporarily suspended owing to heavy withdrawals of depositors, and adding the depositors will be paid in full. The facts of the suspension are as follows: The recent trouble with the savings banks, and especially the run on the local bank some weeks ago, caused those having deposits in savings banks to feel some uneasiness. This was the case with the holders of certificates of deposit issued by the State bank. and since March 1 over $100,000 has been withdrawn in this way. The bank was unable to stand the heavy pull, and last evening a meeting of the officers and directors was called for consultation. It was at first proposed to secure backing enough to tide over affairs, but it was afterwards thought best not to do so for the present. Yesterday morning the assistant cashier received notice that the doors were to remain closed temporarily. There was a meeting of the heaviest depositors at the bank this morning, but President Kortgaard could not be present to meet them. It is said that the idea of having to close his bank has completely prostrated him. The bank's attorney has stated that the suspension would only be temporary, and that it would be only a matter of a few days when the bank would resume business.


Article from The Roanoke Times, June 24, 1893

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MORE FAILURES. Three Western Banks Closed Their Doors Yesterday. SAN FRANCISCO, Cal., June 23.-The board of directors of the Pacific Bank decided not to reopen the doors this morning. The direct cause of the suspension was a notice from the Clearinghouse Association that the bank's paper would not be accepted hereafter. It has been known for some time that the bank was laboring under financial difficulties and the announcement of the action of the board does not create great surprise. It has a paid up capital stock of $1,000,000 and a nominal reserve of about $700,000, with deposits of about $1,500, 000, according to the recent official report. Its loans and discounts are said to be about $2,500,000. The failure seems to be altogether due to the recent monetary troubles. It is expected that the depositors will lose nothing. The suspension of the Pacific Bank resulted in the closing down this morning of the People's Home Savings Bank, a collateral institution under practically the same management as the Pacific Bank. The People's Bank was guaranteed a capital stock of $1,000,000, of which one-third is paid in cash. According to a recent statement of the People's Bank it has total deposits of $1,700,000. MINNEAPOLIS, Minn., June 23.-The State Bank, of this city, suspended payment this morning, assurance being given to depositors that it would resume in a few days. The bank has a paid up capital of $75,000. The steady withdrawals by depositors was the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, Wash., June 23. -The First National Bank, of New Whaleom, Wash., closed its doors yesterday. NORFOLK, Va., June 23.-Isaac Legum, a dealer in clothing and shoes, of this city, made an assignment to-day. His liabilities amount to $11,000. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank of this city, the largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excess of the liabilities. Hon. Peter A. Porler is president of the bank and the Porter family are the largest stockholders Other wealthy people are also interested in the institution.


Article from Omaha Daily Bee, June 27, 1893

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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.


Article from The Philipsburg Mail, June 29, 1893

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Closed Its Doors. MINNEAPOLIS, June 26.-The State Bank of. Minneapolis has temporarily suspended payment. A sign on the door says that payment is temporarily suspended owing to heavy withdrawals of depositors, and adding the depositors will be paid in full.


Article from The State Republican, June 29, 1893

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A CYCLONE nt Williamsto wn and surrounding country in Jefferson cont ty, Kan., killed twenty persons ENTRY destroyed thirty houses and man barns. IN a fire that destroyed the Bunne block in Duluth, Minn., four person were burned to death. IN Chiengo Haird & Bradley, real or tate dealers, made a voluntary assign ment with assets estimated at $600.00 and liabilities at $100,000. METHODISTS have decided not to with draw their world's fair exhibit on count of Sunday opening, but it, will covered up on the Subbath. The church committee adopted resolutions in which they declare that the not of the directo ry in turning acide from keeping Hierge of honor to the congress an people of the United States will be COL spicuous in the future its an act of per fidy beeletting the business integrit of the citizens of Chicago which year of shame will not remove. JUDGE GRANT decided in Invor of ramento and against San Jose in the California capital removal case. BANKS suspended at Santa Anna, Cal., San Diego, Cal., Pomona, Cal., Ontario, Cal., and Greenville, Mich. FOR cause unknown Jacob Hajaneki, of Akron, O., fatally shot his wife and then stabbed himself fatally FRANK TEMPLEMAN and Date Rendall while working in n well hear Morehead, Ky. werebercome by gas and both were killed. AT Nashville, Tenn. B. T: Rhen & Son, grain dealers, failed for $100,000. At the age of 121 years Mrs. Angeline Demarrie died at Chippewa Falls, Wis. CHARLES PIELLAS' jewelry store in Lansing, Mich: was robbed by two men of diamonds valued at $100,000. FOR 50 miles a cyclone swept across the counties above Atlanta, Ga., wrecking many buildings and ruining crops. THE Columbia bank at New Whatcom, Wash.. State bank at Minneapolis, Minn., First national bank at San Bernardino, Cal., and the People's home savings bank at San Francised closed their doors. PETER Boniot and his wife were fatally injured at Beatrice, Neb., by being thrown from their carriage. FIRE wiped out the business portion of Leonardsville, Kan. FLAMES burned the business part of the viilage of Mount Sterling, O. ONE of Chicago's oldest liverymen, Leroy Payne, failed for $250,000


Article from River Falls Journal, June 29, 1893

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IN a fire that destroyed the Bunnel block in Duluth, Minn, four persons were burned to death. JUDGE GRANT decided in favor of Sacramento and against San Jose in the California capital removal case. BANKS suspended at Santa Anna, Cal., San Diego, Cal., Pomona, Cal., Ontario, Cal., and Greenville, Mich. FOR cause unknown Jacob Hajaneki, of Akron, O., fatally shot his wife and then stabbed himself fatally. FRANK TEMPLEMAN and Dave Kendall while working in a well near Morehead, Ky. wereovercome by gas and both were killed. AT Nashville, Tenn., B. T. Rhea & Son, grain dealers, failed for $100,000. AT the age of 131 years Mrs. Angeline Demarrie died at Chippewa Falls, Wis. CHARLES PIELLAS' jewelry store in Lansing, Mich., was robbed by two men of diamonds valued at $160,000. FOR 50 miles a cyclone swept across the counties above Atlanta, Ga., wrecking many buildings and ruining crops. THE Columbia bank at New Whatcom, Wash., State bank at Minneapolis, Minn., First national bank at San Bernardino, Cal., and the People's home savings bank at San Francisco closed their doors. PETER BOILLOT and his wife were fatally injured at Beatrice, Neb., by being thrown from their carriage. FIRE wiped out the business portion of Leonardsville, Kan. FLAMES burned the business part of the village of Mount Sterling, O. ONE of Chicago's oldest liverymen, Leroy Payne, failed for $250,000 IN St. Paul the Red River Elevator company, having a line of elevators through Minnesota and North Dakota, failed for $494,000. ON the Utah sheep herds in the plateau country in Colorado several hundred sheep were killed by bombs, and the cattlemen and settlers had once more started on a warfare. IN Chicago the American Derby, worth $50,000 to the winner, was captured by Boundless, owned by J. E. Cushing, of St. Paul. The time was 2:36. FLAMES destroyed John M. Wave field's lumber yards at Omaha, Neb. causing a loss of $300,000. ON the Eastern Minnesota a freight train was wrecked by a cow near Partridge, Wis., and Engineer Ingersoil and Brakeman McNanny were killed and Fireman Reilly and Conductor Hall were fatally injured. The property loss was $100,000. ON the world's fair grounds forty-one persons have been accidentally killed since the construction of the buildings commenced. THREE brothers named Early were united in marriage near Denison, Tex., to three sisters named Parker, and the event wound up with the mother of the girls marrying the father of the boys. NEAR Mount Washington, O., an engine left the rails on a trestle and Conductor David Homan and Fireman Philip King were fatally injured. THE breaking of a levee near Ascension, La., ruined some fifteen sugar plantations, the loss being $1,000,000. JOHN C. KOCH. republican candidate for mayor of Milwaukee, defeated Garret Dunde, democrat, by 3,500 votes.


Article from Griggs Courier, June 30, 1893

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controversy over the opening and closing of the world's fair on Sunday is ended so far as his department is concerned. THE store of Charles Piellas in Lansing, Mich., was robbed by two men of diamonds valued at $160,000. A CYCLONE swept for fifty miles across the counties above Atlanta, Ga., wrecking many buildings and ruining crops. FAILURES were reported of the Columbia bank at New Whatcom, Wash., State bank at Minneapolis, Minn., First national bank at San Bernardino, Cal., People's home savings bank at San Francisco and the Cataract bank at Niagara Falls, N. Y. THE business part of the village of Mount Sterling, O., was destroyed by fire. LEROY PAYNE, one of Chicago's oldest liverymen, failed for $250,000. THE maple sugar crop of Vermont the past season was 5,759,762 pounds, and the bounty will be $70,000. THE new directory of Brooklyn. N. Y., gives that city a population of over 1,000,000. PRINCESS EULALIA sailed from New York on the steamer La Touraine for Spain. THE business portion of Leonardsville, Kan., was destroyed by fire. THE well-known stallion Arrival, record 2:241/2, for whom his owners refused $15,000, died at Gardiner, Me. THIRTEEN contract laborers who arrived in New York from Germany were told that they must return on the same steamer.


Article from St. Paul Daily Globe, July 30, 1893

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MINNEAPOLIS. MINNEAPOLIS GLOBULES. The Minneapolis city directory for years of 1893-4 was issued yesterday. Patrolman Lawley is gazetted for position of jailor in the Third precinct. Edward Carlberg. tried for forgery the police court yesterday, was held the grand jury in the sum of $200. Mrs. Z. P. Vose left Thursday Ing for Chicago and the East. to absent till about the 10th of September C. W. Wilcox, formerly an attache the North Side Chronicle, is now aging editor of the Young Men's publisbed in Chicago. The annual convention of the Pres byterian Sunday schools of Minnesota will be held in this city at Westminste thurch, Aug. 1 to 3, inclusive. It was supposed several months that the North Side Library building would be ready for occupancy by 1, but as yet thers are no indications 01 the ground that it will ever be erected Peter Sutherland has commenced against Theresa M. Johnson to recove $1,350 on a promissory note. An attach ment has been issued against property of the defendant, who IS a non-resident G. A. R. Department Commande; John Day Smith left last evening fo Montgomery, Minn., to fill an engage ment with the G. A. R. of that part the state, whom he was to meet there Margaret A. Collins, a dressmaker whose father, John Collins, of Hamil is a farmer at that point, was examine and sent to the asylum. Her employer had discharged her with threats, which the doctors think unsettled her mind. A traveling man with a touch of tremens and nearly unconscious created some excitement on a Minnehaha y esterday. An officer took him in and conducted him home. He $5.000 on his person. In the matters connected with .the signment of the State bank, and the Farmers' and Merchants' bank, the court thought them of cient importance to have the hearing set for next Tuesday. All the judge who are obtainable will be on the benel at the hearing, as the cases will be for other suits. Carrie Danielson, who was brought the county jail Friday evening, was amined for insanity and committed the asylum. She has a pretty little ten years of age, who is being looke after by Agent Tatro, of the Human society. and who will be sent to state school, as she has had no school ing at all. The young ladies of the Church of Immaculate Conception have planned the novel and delightful entertainment to benefit of the orphans, to be given on Aug. 17, at the corner of Wester of avenue and Ninth street. Music by the favorite bands, light refresh ments and numerous etceteras, all for cents and all for the orphans. The double track for the electric street railway line on Emerson has been completed and put in tion as far north as Twenty-sixth nue. By this improvement cars are through without the detention hereto fore necessary at the Twentieth ciated junction. This change IS highly the by patrons of the line, as are new and handsome open cars put service on that line. The annual meeting of the Mississipp held Valley Lumbermen's association will in Minneapolis on the 15th of has tion gust. lately of a been when it prices is will manifested be in expected taken that certain up. the quarter Ther disposition to cut prices. and concerted effort will be made to Ing tain the present schedules, the fact realized that if prices are reduced the prevailing dull times it will be difficult matter to restore them. Judge Hooker has denied the motion for a new Minnetonka trial in property the suit brought


Article from St. Paul Daily Globe, July 30, 1893

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MINNEAPOLIS. MINNEAPOLIS GLOBULES. The Minneapolis city directory for the years of 1893-4 was issued yesterday. Patrolman Lawley is gazetted for the position of jailor in the Third precinct. Edward Carlberg. tried for forgery in the police court yesterday, was held to the grand jury in the sum of $200. Mrs. Z. P. Vose left Thursday evenIng for Chicago and the East. to be absent till about the 10th of September. C. W. Wilcox, formerly an attache of the North Side Chronicle, is now managing editor of the Young Men's Era, publisbed in Chicago. The annual convention of the Presbyterian Sunday schools of Minnesota will be held in this city at Westminster church, Aug. 1 to 3, inclusive. It was supposed several months ago that the North Side Library building would be ready for occupancy by Aug. but as yet thers are no indications on the ground that it will ever be erected. Peter Sutherland has commenced suit against Theresa M. Johnson to recover $1,350 on a promissory note. An attachment has been issued against property of the defendant, who IS a non-resident. G. A. R. Department Commander John Day Smith left last evening for Montgomery, Minn., to fill an engagement with the G. A. R. of that part of the state, whom he was to meet there. Margaret A. Collins, a dressmaker, whose father, John Collins, of Hamil, is a farmer at that point, was examined and sent to the asylum. Her employers had discharged her with threats, which the doctors think unsettled her mind. A traveling man with a touch of the tremens and nearly unconscious created some excitement on a Minnehaha car yesterday. An officer took him in tow, and conducted him home. He had $5,000 on his person. In the matters connected with the assignment of the State bank, and also the Farmers' and Merchants' State bank, the court thought them of sufficient importance to have the hearing for next Tuesday. All the judges who are obtainable will be on the bench the hearing, as the cases will be tests for other suits. Carrie Danielson, who was brought to the county jail Friday evening, was examined for insanity and committed to the asylum. She has a pretty little girl, ten years of age, who is being looked after by Agent Tatro, of the Humane society. and who will be sent to the state school, as she has had no schoolat all. The young ladies of the Church of the Immaculate Conception have planned a novel and delightful entertainment for the benefit of the orphans, to be given Aug. 17, at the corner of Western avenue and Ninth street. Music by one the favorite bands, light refreshments and numerous eteeteras, all for 25 cents and all for the orphans. The double track for the electric street railway line on Emerson avenue has been completed and put in operation as far north as Twenty-sixth avenue. By this improvement cars are run through without the detention heretofore necessary at the Twentieth avenue junction. This change IS highly appreciated by patrons of the line, as are also the new and handsome open cars put in service on that line. The annual meeting of the Mississippi Valley Lumbermen's association will be held in Minneapolis on the 15th of August. when it is expected that the question of prices will be taken up. There has been manifested in certain quarters lately a disposition to cut prices. and a concerted effort will be made to maintain the present schedules, the fact being realized that if prices are reduced in the prevailing dull times it will be a difficult matter to restore them. Judge Hooker has denied the motion for a new trial in the suit brought by Minnetonka property owners for damages for the maintaining of the height of water at a certain point at the lake. The arguers for a new trial maintained that the board had placed the point at which water was to be kept above what was the original high water mark before the dam was built Ida


Article from The Irish Standard, August 12, 1893

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Northern Pacific tracks near Twenty fifth avenue and Marshall street northeast, AS he was on his way bome from work. His left leg was cut off at the ankle and he had a narrow escape from being killed outright. He was removed to the city hospital in the North Side patrol wagon and is reported to be doing nicely. Mr. Bolan resides at 2620 Grand street. The annual convention of undertakers from the states of Minnesota and North and South Dakota will be held in this city September 12, 13 and 14, as has been the custom for a number of ears past It is expected that there will be about one hundred in attendance and he meeting will be of special interest for various reasons. An embalming college will be established during the three days seesion which all the undertakers in the state are making preparations to attend. The two little sons of Mr. and Mrs. John O'Donnell. 258 Seventh avenue south, celebrated their natal anniversary on Friday evening, 4th inst., by giving a birthday party at the parental residence. Among the juveniles who attended were Willie Sloan, Ida Malone, Florence Quigley, James Quigley, Rosie Youngren, Nellie Youngren, Gracie Citers, Arthur Citers, Eddie Nash and Maggie Nash After an elegant repast served by Mrs. O'Donnell, the little ones enjoyed themselves in various ways for four hours. The young ladies of the Immaculate Conception church have always been successful in giving entertainments, but the harvest festival they are now arranging promises to surpase anything before attempted. The grounds, corner Western avenue and Ninth street, will be appropriately decorated, and one of the popular bands will furnish music for the occasion. Light refreshments will be daintily served. The festival is given for the benefit of the orphans. Tickets can be obtained on the grounds for 25 cents. An important decision has been rendered by Judges Smith and Pond in the case of the State of Minnesota against the State Bank of this city. The attorney-general applied for an order requiring the assignee of the suspended bank to show cause why he should not pay over to the state treasurer at once the amount of his deposit in the bank. It was claimed that the State was a preferred creditor, but the court denied this and held that it must recover from the bondsmen of the bank. J. S. Lane, a prominent merchant tailor of Duluth, and Miss Ella Hagen, of this city, were married on Wednesday morning by Rev. Father Keane at the Church of the Immaculate Conception. Miss Maggie Fay attended the bride and C. H. Taylor, of Duluth, acted as best man. After the ceremony the bridal party partook of a wedding breakfast at the West Hotel, and in the evening the happy couple departed for the World's Fair from which they will return to Duluth by way of the lakes and be at home to their friends at the Spaulding House after October 1. R. R. Winter, an India rice merchant, is in the city visiting his father, George S. Winter, 851 Sixteenth avenue south. He left Burmah on June 15, and came by way of the Red Sea and Suez canal, stopping in Italy, France and London. He left his home in Minneapolis twentyeight years ago, when the city was but a small village, and entered upon a seafaring life. For a time be commanded a vessel of the British India Steamship line, and. learning of the wealth of the Indus, decided to make his home in that country. This is the third time he has been home since leaving Minneapolis, and on the present trip he incidentally takes in the World's Fair. E. H Moulton, treasurer of the Farmers' and Mechanics' bank, has notified the depositors that at a recent meeting the trustees favored the enforcement of the sixty day rule provided by law requiring depositors to give notice of withdrawals sixty days in advance. The de. positors, however, will be paid $25 a month if they desire it, and during the next six months the bank will repay without notice any deposits made during the enforcement of the sixty-day rule. The trustees adopted this measure to protect the small depositors from the action of the large depositors who were drawing out their money without good reason and depositing it in safety vaults. The public endorse the action of the trustees of the bank, which is as safe as it ever was. A Philadelphia paper states that the mind reader, A. J. Seymour, who formerly ran a saloon near the St. James hotel in Minneapolis, will soon attempt the feat of being buried in a grave a sufficient length of time to allow a crop of barlev to be grown over bim. When the


Article from St. Paul Daily Globe, August 18, 1893

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HELP FOR SUFFERERS. Minneapolis Comes to Aid of Losers by the Fire. All the homeless families which since the Sunday fire have occupied the East side halls have now been removed to the Munroe street barracks, where their wants are being well attended to by the board of corrections and charities. There were in the barracks yesterday afternoon remnants and representatives of fifty families. The enrollment of these counts up 100 persons of all ages. The whole work is being fast systematized. The plan may be thus summarized: There is an enrollment of all now at the barracks, and also of all applications made of those who were burned out, but removed to other places in the city, or are domiciled with friends and acquaintances. In this enrollment there is an exact statement of the persons, number of children and their ages, what they claim to have lost and what was saved, the place where they lived when burned out, and where they are now to be found. This is for the purpose of identification and immediate help, and for use in ferreting out the unworthy and imposters, of which classes there are many suspected cases, but the department has not completed the applications, and has been unable as yet to take up the other part, being determined to take no chances of turning away any worthy. The total of the families appearing in the city department enrollment, where applications are made, is about seventy-five. The department calculates that there are three to four to the family, making, perhaps, 265 or 270 souls. This, added to the number in the barracks enrollment, makes approximately 400. In the application questions there are disclosed many claims of having lost money in the banks or having it for the present tied up. There was one case this morning of $1,100 claimed to have been in the State bank, the earnings of a thrifty Pole, and another of $350, in one of the other suspended banks. The department found in its summary this morning that there are fourteen of the families not in the barracks, who have stoves and enough articles to enable them to make something of a start toward housekeeping. There were thirty-five families only, as estimated, who owned their homes, the others living with these, or in blocks and other buildings. Only 11 of the total number, now known to exceed 200 families, has one cent of insurance on home or effects. Supplies of all kinds are coming in plentifully for the fire sufferers. Among others, a subscription has been taken up by the men employed in the East side street car barns for the fire sufferers, and a sack containing $50 was turned over to the committee as their donation. The cash contributions by business men foot up about $1,800.


Article from The Herald-Advance, December 1, 1893

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Are They Liable? Minneapolis, Nov. 28.-The argument of the suit brought by Hans H. Olson ugainst the directors of the State bank came up before Judge Hicks at 9 o'clock this morning. John W. Aretander represented the plaintiff and J. O. Pierce the defendarts. Mr. Arctander contended that the suit was necessary to obtain the relief sought for. Mr. Pierce. in his demurrer argued that the assignes could collect from the stockbolders, and that the remedy of the plaintiffs who were joined with Olson in this suit was in the original insolvency proceedings. The corrt questioned that fact to some extent, and the argument turned upon the difference between the powers of the assignee in insolvency proceedings, and those of the receiver. The receivership allows the stockholders' liability to be brought in. All the present and past stockholders, some fifty in number. are made parties to the defense in the suit.


Article from The Princeton Union, February 20, 1896

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First Publication Feb. 20. Notice of Mortgage Foreclosure Sale. HEREAS. Default has been made in W the conditions of a certain mortgage, executed and delivered by William F. Schuller, a single man, mortgagor, to the State Bank of Minneapolis, mortgagee, dated the 27th day of April, A. D. 1892. and recorded in the office of the register of deeds of the county of Mille Lacs in the State of Minnesota, on the 5th day of May, A. D. 1892, at 10 o'clock A. M., in book F of mortgages, on pages 419 and 420; which mortgage, was assigned by said State Bank of Minneapolis, (said bank being insolvent), on the 27th day of June, 1893; which assignment was recorded in the office of said register of deeds of Mille Lacs county, on the 12th day of February, 1896, at 10 o'clock A. M.. in book E of miscellaneous. on pages 98 and 99: which said mortgage was further assigned by William J. Hahn. the assignee of said State Bank, to Donald McCuaig, jr., on the 5th day of February, 1896, by deed of assignment which said assignment was recorded in the office of the register of deeds of said Mille Lacs county on the 8th day of February, 1896, at 1 o'clock P. M., in book J of mortgages. on pages 175 and 176. There is claimed to be due at the date, of this notice on the debt secured by said mortgage, the sum of two hundred andsixty-two and 30-100 dollars. and no action or proceeding, at law or otherwise, has been instituted, to recover said debt, or any part thereof: Now, therefore, notice is hereby given, That pursuant to a power of sale contained in said mortgage, and the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the premises described in said mortgage, to-wit: Lot numbered four (4), in block numbered three (3), in the village of Milaca, according to the map or plat thereof now on file and of record in the office of the register of deeds in and for the county of Mille Lacs, State of Minnesota. Said sale will be made by the sheriff of said Mille Lacs county, or by his deputy, at the front door of the court house, in the village of Princeton, in said Mille Lacs county. on Saturday, the 4th day of April, 1896, at 10 o'clock A. M., at public auction, to satisfy the amount which shall then be due on said mortgage. and costs, and expenses of sale, and twenty-five dollars. attorney's fees as stipulated in said mortgage. in case of foreclosure. Dated February 19th, 1896. DONALD McCUAIG, JR.. Assignee, CHAS. A. DICKEY. Attorney for Assignee Princeton Minn


Article from The Princeton Union, March 5, 1896

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First Publication Feb. 20. Notice of Mortgage Foreclosure Sale. HEREAS. Default has been made in W the conditions of a certain mortgage, executed and delivered by William F. Schuller. a single man, mortgagor, to the State Bank of Minneapolis. mortgagee, dated the 27th day of April, A. D. 1892. and recorded in the office of the register of deeds of the county of Mille Lacs in the State of Minnesota, on the 5th day of May, A. D. 1892, at 10 'clock A. M., in book F of mortgages, on pages 419 and 420: which mortgage, was assigned by said State Bank of Minneapolis, (said bank being insolvent). on the 27th day of June, 1893; which assignment was recorded in the office of said register of deeds of Mille Lacs county, on the 12th day of February, 1896, at 10 o'clock A. M., in book E of miscellaneous, on pages 98 and 99: which said mortgage was further assigned by William J. Hahn. the assignee of said State Bank, to Donald McCuaig. jr., on the 5th day of February, 1896, by deed of assignment which said assignment was recorded in the office of the register of deeds of said Mille Lacs county on the 8th day of February, 1896, at 1 o'clock P. M., in book J of mortgages. on pages 175 and 176. There is claimed to be due at the date of this notice on the debt secured by said mortgage. the sum of two hundred andsixty-two and 30-100 dollars. and no action or proceeding. at law or otherwise, has been instituted, to recover said debt, or any part thereof: Now, therefore, notice is hereby given. That pursuant to a power of sale contained in said mortgage, and the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the premises described in said mortgage, to-wit: Lot numbered four (4). in block numbered three (3). in the village of Milaca, according to the map or plat thereof now on file and of record in the office of the register of deeds in and for the county of Mille Lacs, State of Minnesota. Said sale will be made by the sheriff of said Mille Lacs county, or by his deputy, at the front door of the court house, in the village of Princeton, in said Mille Lacs county. on Saturday. the 4th day of April. 1896, at 10 o'clock A. M., at public auction, to satisfy the amount which shall then be due on said mortgage, and costs. and expenses of sale, and twenty-five dollars attorney's fees as stipulated in said mortgage in case of foreclosure. Dated February 19th, 1896. DONALD MCCUAIG, JR.. Assignee. CHAS. A. DICKEY, Attorney for Assignee, Princeton. Minn.


Article from The Princeton Union, March 19, 1896

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First Publication Feb. 20. Notice of Mortgage Foreclosure Sale. HEREAS. Default has been made in W the conditions of a certain mortgage, executed and delivered by William F. Schuller, a single man, mortgagor, to the State Bank of Minneapolis. mortgagee, dated the 27th day of April, A. D. 1892. and recorded in the office of the register of deeds of the county of Mille Lacs in the State of Minnesota, on the 5th day of May, A. D. 1892, at 10 'clock A. M., in book F of mortgages, on pages 419 and 420; which mortgage, was assigned by said State Bank of Minneapolis, (said bank being insolvent), on the 27th day of June, 1893; which assignment was recorded in the office of said register of deeds of Mille Lacs county, on the 12th day of February, 1896,at 10 o'clock A. M., in book E of miscellaneous, on pages 98 and which said 99: was mortgage further assigned, by William J. Hahn. the assignee of said State Bank, to Donald McCuaig, jr., on the 5th day of February, 1896, by deed of assignment which said assignment was recorded in the office of the register of deeds of said Mille Lacs county on the 8th day of February, 1896, at 1 o'clock P. M., in book, J of mortgages, on pages 175 and 176. There is claimed to be due at the date of this notice on the debt secured by said mortgage, the sum of two hundred andsixty-two and 30-100 dollars. and no action or proceeding. at law or otherwise, has been instituted, to recover said debt, or any part thereof: Now, therefore, notice is hereby given, That pursuant to a power of sale contained in said mortgage, and the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the premises described in said mortgage, to-wit: Lot numbered four (4). in block numbered three (3). in the village of Milaca, according to the map or plat thereof now on file and of record in the office of the register of deeds in and for the county of Mille Lacs, State of Minnesota. Said sale will be made by the sheriff of said Mille Lacs county, or by his deputy, at the front door of the court house, in the village of Princeton, in said Mille Lacs county, on Saturday, the 4th day of April, 1896, at 10 o'clock A. M., at public auction, to satisfy the amount which shall then be due on said mortgage, and costs, and expenses of sale, and twenty-five dollars attorney's fees as stipulated in said mortgage in case of foreclosure. Dated February 19th. 1896. DONALD McCUAIG, JR.. Assignee. CHAS. A. DICKEY, Attorney for Assignee, Princeton, Minn.


Article from The Princeton Union, March 26, 1896

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First Publication Feb. 20. Notice of Mortgage Foreclosure Sale. HEREAS, Default has been made in W the conditions of a certain mortgage, executed and delivered by William F. Schuller, a single man, mortgagor, to the State Bank of Minneapolis, mortgagee, dated the 27th day of April, A. D. 1892. and recorded in the office of the register of deeds of the county of Mille Lacs in the State of Minnesota, on the 5th day of May, A. D. 1892, at 10 o'clock A. M., in book F of mortgages, on pages 419 and 420; which mortgage, was assigned by said State Bank of Minneapolis, (said bank being insolvent), on the 27th day of June, 1893; which assignment was recorded in the office of said register of deeds of Mille Lacs county, on the 12th day of February, 1896,at 10 o'clock A. M., in book E of miscellaneous, on pages 98 and 99; which said mortgage was further assigned by William J. Hahn. the assignee of said State Bank, to Donald McCuaig, jr., on the 5th day of February, 1896, by deed of assignment which said assignment was recorded in the office of the register of deeds of said Mille Lacs county on the 8th day of February, 1896, at 1 o'clock P. M., in book J of mortgages, on pages 175 and 176. There is claimed to be due at the date of this notice on the debt secured by said mortgage, the sum of two hundred andsixty-two and 30-100 dollars. and no action or proceeding. at law or otherwise, has been instituted, to recover said debt, or any part thereof: Now, therefore, notice is hereby given. That pursuant to a power of sale contained in said mortgage, and the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the premises described in said mortgage, to-wit: Lot numbered four (4). in block numbered three (3), in the village of Milaca, according to the map or plat thereof now on file and of record in the office of the register of deeds in and for the county of Mille Lacs, State of Minnesota. Said sale will be made by the sheriff of said Mille Lacs county, or by his deputy, at the front door of the court house, in the village of Princeton, in said Mille Lacs county, on Saturday, the 4th day of April, 1896, at 10 o'clock A. M., at public auction, to satisfy the amount which shall then be due on said mortgage, and costs, and expenses of sale, and twenty-five dollars attorney's fees as stipulated in said mortgage in case of foreclosure. Dated February 19th, 1896. DONALD McCUAIG, JR.. Assignee. CHAS. A. DICKEY, Attornev for Assignee Princeton Minn.


Article from The Princeton Union, April 2, 1896

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April 2, June 20 and Sept. 3. First Publication Feb. 20. Notice of Mortgage Foreclosure Sale. HEREAS, Default has been made in W the conditions of a certain mortgage, executed and delivered by William F. Schuller. a single man, mortgagor, to the State Bank of Minneapolis. mortgagee, dated the 27th day of April, A. D. 1892, and recorded in the office of the register of deeds of the county of Mille Lacs in the State of Minnesota, on the 5th day of May, A. D. 1892, at 10 o'clock A. M., in book F of mortgages, on pages 419 and 420; which mortgage, was assigned by said State Bank of Minneapolis, (said bank being insolvent), on the 27th day of June, 1893; which assignment was recorded in the office of said register of deeds of Mille Lacs county, on the 12th day of February, 1896, at 10 o'clock A. M., in book E of miscellaneous, on pages 98 and 99: which said mortgage was further assigned by William J. Hahn. the assignee of said State Bank, to Donald McCuaig, jr., on the 5th day of February, 1896, by deed of assignment which said assignment was recorded in the office of the register of deeds of said Mille Lacs county on the 8th day of February, 1896, at 1 o'clock P. M., in book J of mortgages, on pages 175 and 176. There is claimed to be due at the date of this notice on the debt secured by said mortgage, the sum of two hundred andsixty-two and 30-100 dollars. and no action or proceeding. at law or otherwise, has been instituted, to recover said debt, or any part thereof: Now, therefore, notice is hereby given. That pursuant to a power of sale contained in said mortgage, and the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the premises described in said mortgage, to-wit: Lot numbered four (4), in block numbered three (3), in the village of Milaca, according to the map or plat thereof now on file and of record in the office of the register of deeds in and for the county of Mille Lacs, State of Minnesota. Said sale will be made by the sheriff of said Mille Lacs county, or by his deputy, at the front door of the court house, in the village of Princeton, in said Mille Lacs county. on Saturday, the 4th day of April, 1896, at 10 o'clock A. M., at public auction, to satisfy the amount which shall then be due on said mortgage, and costs, and expenses of sale, and twenty-five dollars attorney's fees as stipulated in said mortgage in case of foreclosure. Dated February 19th, 1896. DONALD MCCUAIG, JR., Assignee. A DICKEY