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Unfounded Rumors About the Lumbermen's Exchange Bank of Brainerd. Its President Merely Going Out of Business Soon to Become Postmaster. South Dakota Prohibitionists to Raise $50,000 to Enforce the New Law. Fargo Burglars Make a Clerk Talk by Roasting His Feet. Special to the Globe. BRAINERD, Oct. 22.-Last evening a number of holders of checks drawn on the Lumbermen's Exchange Bank were surprised and considerably excited to hear that the bank had not paid or made good the checks which came into the First National bank in the regular course of business. From these the rumor spread that the Lumbermen's bank was in a bad way, and a run was certainly expected to-day. At the morning hour of opening business there was at the Lumbermen's plenty of cash in sight to pay everybody, and also, confidence was doubly restored by seeing that the new bank. called the Northern Pacific bank, had reopened for business in the same or part of the same house. There was no run on the Lumbermen's and few people were around who wanted money. The Lumbermen's is a pr vate bank, owned by Col. C. L. Spaulding, widely known in business, polities and esdecially in Masonry. being a high officer of the Knights Tenplars, and also being at the head of the G. A. R. He had also some months ago been appointed postmaster. though he had not yet got possession of the office. He was sought at the bank by the GLOBE correspondent, and was not in, but Cashier Simons stated that a little trouble they had about a small draft had been all fixed up, and that was all there was of it. Some of the depositors and drawers of the checks spoken of claimed, however, that the trouble was due to the action of Cashier Ferris, of the First, and charged that he agreed to hold certain checks for the Lumberman's, and then as soon as the bank closed went out and presented them for payment to the individuals. So Cashier Ferris was seen and denied any such thing. They held, he said, at the closing hour a number of checks on the Lumbermen's awaiting payment. and waited therefor until 60 (clock, and then he went out and returned same to the makers to be made good. and as other was later about to be protested, the Lumbermen's officers got around and took care of the paper. He said that was all there was of it. To add to the breeze there was known to be quite a sum of school money deposited with the Lumbermen's. Probably the uneasiness has all grown out of the fact that the Lumbermen's is going into liquidadation, in view of its owner, Col. Spaulding, going into the postoffice. The latter has been in the banking five or six years, having succeeded to-it on retirement of Keene & Nevins, who were the founders. Col. Spaulding was to-day notified that his commission as postmaster, which has SO long been held up, is signed and on its way to him.
