9586. State Bank (Duluth, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 21, 1895
Location
Duluth, Minnesota (46.783, -92.107)

Metadata

Model
gpt-5-mini
Short Digest
cefc06cd

Response Measures

None

Description

Cashier Charles (C./Chas.) Stuckey (Stuckey/Stuckey variations in OCR) absconded after embezzling about $11,000–$15,000, which led to the bank's suspension and assignment to an assignee (A. D. / C. L. Davidson). Later creditors sought a receiver (Feb 1896). No clear report of a depositor run; events indicate suspension and move toward receivership/closure.

Events (5)
1. October 21, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier (Charles H. Stuckey/Stuckey) absconded after embezzling approximately $11,000–$15,000, producing suspension/assignment to an assignee (Davidson).
Newspaper Excerpt
DULUTH, Minn., Oct. 21.-The state bank, of which Charles S. Studley, who fled last week with $15,000 was the cashier, will today go into the hands of an assignee.
Source
newspapers
2. November 15, 1895 Other
Newspaper Excerpt
The claim of the city of Duluth against the State bank, of which A. D. Davidson is assignee, has been settled by the payment of the amount, $3,015. ... The nominal surplus of assets over liabilities was $60,802.
Source
newspapers
3. November 20, 1895 Other
Newspaper Excerpt
Charles H. Stuckey, the absconding cashier of the State Bank of Duluth, Minn., was arrested ... Stuckey's defalcation is said to be $15,000, and resulted in the suspension of the bank.
Source
newspapers
4. February 13, 1896 Other
Newspaper Excerpt
On account of the assignee's unfitness, the court is asked to substitute a receiver. Assets are placed at $50,000, and liabilities at $80,000.
Source
newspapers
5. February 14, 1896 Receivership
Newspaper Excerpt
Charles G. Firoved and other creditors of the bankrupt State bank have filed a suit ... On account of the assignee's unfitness the Court is asked to substitute a receiver. Assets are placed at $50,000 and liabilities at $80,000.
Source
newspapers

Newspaper Articles (13)
1. October 21, 1895 The Providence News Providence, RI
Article from The Providence News, October 21, 1895

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Safe Blown Open by WellKnown Residents. First Time the Bank Ever Had a Run. All Paid. Assignee Appointed Because Cashier Skipped Out With Cash. BUTTE, Mont., Oct. 21.-An unsuccessful attempt was made to rob Hogg, Daily & Company's bank at Anaconda. An opening was cut through the roof building to the safe and a hole drilled in the vault and filled with dynamite, which was touched off by a fuse. A frightful explosion occurred, which shattered plate glass and broke open the vault. A crowd soon collected and one of the robbers was captured on the roof of the building. He was recognized as a well-known young mechanic named A. L. Firpo, who later. implicated Will H. Darling, a young blacksmith as the originator and leader in the attempted robbery. Darling ran away when the explosion occurred and fell off a building, breaking several ribs. RUN ON DEPOSITORS. TACOMA, Wash., Oct. 21.-The First National Bank of Puyallup made a run on its depositors Saturday night, probably the first time such a thing was ever done in the history of bankers. Before midnight all were paid. The action was taken because an attempt was made to make the bank pay $4500 owed to the present county treasurer of Pierce county before paying other depositors. A CROOKED CASHIER. DULUTH, Minn., Oct. 21.-The state bank, of which Charles S. Studley, who fled last week with $15,000 was the cashier, will today go into the hands of an assignee. The assignee will be C. Davidson of Little Falls, who owns a majority of the stock. There is considerable county and state money in the bank and a large amount in individual deposits, but the directors say that every dollar will be paid. STRINGENT MARKET. WASHINGTON COURT HOUSE, O., Oct. 21.-The Peoples and Drovers Bank in this city will post the following notice on its doors today: "On account of the stringency of the money market, this bank has been compelled to close for the time being. Every claim will be paid in full. Efforts will be made to resume soon." The assignment creates no alarm, as the stockholders, who are individually liable, are worth $2,000,000. The capital stock of the bank is $200,000.

2. October 23, 1895 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, October 23, 1895

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ABBRIEVATED TELEGRAMS. After Nov. 1 the express companies of the country will make an advance of 33 1-3 per cent. in the carrying charges for currency between New York, Boston, Philadelphia and Chicago, and will also increase the rates between Chicago and local points considerably. As an outcome of the king of Portugal's postponing his promised visit to Rome on account of the pope's opposition, it is reported that Italy has suspended diplomatic relations with Portugal. Gaius S. Merwin, who fired forty-four shots at his neighbors at Woodland Park, Chicago, Sunday, is resting quietly at the detention hospital. Dr. B. F. Swift says the case is a favorable one for treatment. Obituary: At Rochester, N. Y., Dr. Asahel Clark Kendrick, of the University of Rochester. At Des Moines, Homer D. Cope, the actor. At Richmond, Ky., editor Francis Marion Green, 58. At Boston, J. J. Wrenn, the athlete. At Kirkwood, Ills., Charles S. Fletcher. At Konosha, Wis., Mrs. L. F. Merrill, S6. At Eflingham, Ills., Mrs. Esther Moore, 47. The tidewater price of coal will be advanced 25 and 40 cents a ton tomorrow by the Philadelphia and Reading company. Sneak thieves robbed the house of Japanese Minister Kurino at Washington of decorations, jewelry, etc., valued at between $600 and $1,000. Charles Stockey, the missing cashier of the suspended State Bank of Duluth, is alleged to have embezzled $100,000 Pulaski, N. Y., reports a fall of seventeen inches of snow, accompanied by heavy thunder. Governor Altgeld has restored the rights of citizenship to James Trayer, of Havana, Ills. The British minister at Rio Janeiro has informed the Brazilian government that England intends to keep the Island of Trinidad. The Japanese have driven the Black Flags out of the capital of Formosa. Harry Hayward, the convicted murderer of Catherine Ging at Minneapolis, has printed a 4,000-word statement to prove that his recent attempt to escape was planned by the deputy sheriff, who desired by "discovering" his own plot to make himself solid with the authorities. Chil does

3. October 25, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, October 25, 1895

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Wednesday, Oct. 23. Pulaski, N. Y., reports a fall of seventeen inches of snow, accompanied by heavy thunder. Charles Stockey, the missing cashier of the suspended State Bank of Duluth, is alleged to have embezzled $100,000 The Japanese have driven the Black Flags out of the capital of Formosa. Harry Hayward, the convicted murderer of Catherine Ging at Minneapolis, has printed a 4,000-word statement to prove that his recent attempt to escape was planned by the deputy sheriff, who desired by "discovering" his own plot to make himself solid with the authorities. The old Seven Stars tavern, in east Vincent township, Chester county, Pa.,together with the stables, was burned. The Seven Stars tavern was one of the oldest landmarks in the country. It was the scene of many a stirring event during the revolution. Washington and his generals often stopped there. Ex-Governor Oliver Ames (a son of the noted Oakes Ames), of North Easton, Mass., is dead, aged 64. His career as business man and politician was honorable all through.

4. October 25, 1895 The Times Owosso, MI
Article from The Times, October 25, 1895

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Article Text

Wednesday, Oct. 23. Pulaski, N. Y., reports a fall of seventeen inches of snow, accompanied by heavy thunder. Charles Stockey, the missing cashier of the suspended State Bank of Duluth, is alleged to have embezzled $100,000 The Japanese have driven the Black Flags out of the capital of Formosa. Harry Hayward. the convicted murderer of Catherine Ging at Minneapolis, has printed a 4,000-word statement to prove that his recent attempt to escape was planned by the deputy sheriff. who desired by "discovering" his own plot to make himself solid with the authorities. The old Seven Stars tavern, in cast Vincent township, Chester county. Pa., together with the stables, was burned. The Seven Stars tavern was one of the oldest landmarks in the country It was the scene of many a stirring event during the revolution. Washington and his generals often stopped there Ex-Governor Oliver Ames (a son of the noted Oakes Ames). of North Easton, Mass., is dead. aged 61. His career as business man and politician was honorable all through.

5. November 6, 1895 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, November 6, 1895

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THE NEWS EPITOMIZED Washington Items. Attorney-General Harmon made his first speech before the Supreme Court, arguing the case of the United States against Texas. Premier Bowell and Minister of Justice Tupper, of the Canadian Cabinet, will take part in the Bering Sea Convention in Washington. Secretary Herbert approved the sentence of the court martial in the case of Coloner Forney. of the Marine Corps. who was recently tried at the Brooklyn Navy Yard for alleged neglect of duty and other causes. The weight of second-class matter sent in the mails during the year, not including matter circulated free within the county of publication, was 265,314,382 pounds, and the amount of postage collected $2,653,143.82. The United States Government has begun suit in the United Statrs Circuit Court in New York against the North American Commercial Company for $214,198.37, with interest from April 1, 1895. The Unitarian National Conference was held in Washington. The Japanese Legation in Washington was entered and money and jewelry to the amount of 8600 taken. Carroll D. Wright, United States Commissioner of Labor. made public a report on strikes and lockouts. Baron Max von Thielmann, the new German Ambassador to the United States, was formally presented to the President in the Blue Room of the Executive Mansion by Secretary Olney. Baron Thielmann made a felicitous speech, to which the President responded appropriately. Washington begins to think England is trying to actively array Europe against America on the Monroe Doctrine. Secretary Smith directed the force in the law division of the Interior Department to work one hour extra each day. in order that the work of that division may be brought up to date. If is now about ten months in arrears. Secretary Olney received a communication from M. Patenotre. the French Ambassador, outlining the programme of the International Exhibition of Arts, Agriculture, and Industrial Progress. to be held in Paris in 1900, and inviting the United States to participate. Bids were opened in Washington for the repairs of the New York Postoffice. P. J. Carlin & Company. of Brooklyn, " re the lowest bidders at $26,000. By direction of the President handsome si ver vases have been manufactured and suitably engraved for presentation to Captain Karl A. Soderlund. of the Russian bark Saarl. and Cantain A. Jouanjean, of the French bark Psyche, for giving succor to American seamen. Domestic. William Hardins. of Middletown, N. Y., died in a dentist's office while under the influence of chloroform. The W. C. T. U. Convention in Baltimore, Md., closed. The Episcopal General Convention at Minneapolis, Minn. adjourned sine die. The town of Bagwell, Red River County, Texas, was completely destroved by fire. The loss will reach $100,000. Forty buildings, mostlv business frame houses. were burned in Madison, Minn. Loss $150,000. The Florida Athletic Club declared off the proposed battle between Robert Fitzsimmons and James J. Corbett for the heavy weight championship of the world and a purse of $41,000. Fitzsimmons refusing to consent to a postponement to November 11. Mrs. Samuel P. Colt has brought snit for divorce against her husband at Providence, R.I. Colonel Colt began suit for $200,000 against James J. Van Alen, the millionaire who failed of confirmation as United States Minister to Italy. for alienating his wife's affections. and a writ was issued for Van Alen's arrest. Four men were killed at the Miller's Station (Ohio) railroad crossing by an eastbound train. They were Edward Cogan. Samuel Cogan. Jr.. Samuel Cogan, Sr.. and John Campbell. The men were in a wagon. Cotton futures declined in one sixty points amid great excitement; the sales on the New York Cotton Exchange reached the enormous total of 810, 700 bales. Augustus Ward. of Memphis, secured $350 000 on forged paper, sold his assets and fled to Honduras. Owing to the depredations of burglars and thugs in Chicago the Chief of Police issued an order to policemen to stop and question all men whom they encountered on the streets after midnight. The Commissioners of Accounts of New York City make serious charges against the financial administration of the Police Board of which John C. Sheehan, James J. Martin and Charles F. MacLean were members. The State Bank at Duluth. Minn.. from which Cashier Charles Stuckey stole $15,000 and then fled, assigned to C. L. Davidson, the heaviest stockholder. Riverside. Mich.. a place of 150 inhabitants, was completely wiped out by fire. A score of dwellings. saw mill. threestores. the Postoffice, cooper and blacksmith shops, and railway depot were destroyed. James Morrison. of Birmingham, Ala, stabbed to death Mrs. William Jones, the wife of his nearest friend. with whom he was infatuated, because she refused his love. By an explosion of gas at the Knickerbocker Colliery Shenandoah. Penn., Michael Chico, Charles Majack, George Carroll and Felix Meiolski, all miners, were fatally burned. Five others were seriously burned. At a public meeting in Montgomery, Als., $100.000 was subscribed to the People's Cotton Factory. This is one-half of the capital stock, and the enterprise will now be pushed. John H. Bowen. fifty-five years old, a weigher in the United States Appraiser's stores. Philadelphia, Penn. shot his wife Annie, fifty years old, twice in the head, and then fired a shot into his own brain, dying almost instantly. C. H. Stuckey, Cashier of the State Bank of Duluth, Minn., who has been connected with the institution for eight years, is missing. and so is $11,010 in currency and gold. The wife of ex-Consul Waller arrived at New York with evidence in her husband's favor, which she will present to the Statr Department at Washington. Foreign Notes. The Marquis of Waterford committed suicide in Ire'and. It is reported from Madrid that Spain will regard the recognition of the Cubans by any Nation as a violation of international law. Compromise on the school question in

6. November 15, 1895 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, November 15, 1895

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The claim of the city of Duluth against the State bank. of which A. D. Davidson is assignee, has been settled by the payment of the amount, $3,015. The account was assigned to the bondsmen. The bank also owed St. Louis county 4,284.70 and the state of Minnesota $29,364.99. These public accounts were all guaranteed by bondsmen, and thev will be paid at an early date and assigned to the bondsmen. The other deposits, including amounts due banks. wereonly about $35,000 and they can all be paid from the assets and leave a good value to the stock. The nominal surplus of assets over liabilities was $60,802.

7. November 21, 1895 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, November 21, 1895

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Er-Convict-Death of a "Wild Man"New York Central Train Wreckers Con fess-Otterville Train Robber Killed 1 Missouri-Crime News in General Providence, R. I., Nov. 20.-A warran was issued this afternoon for the ar rest of Mrs. Caroline Valois, of Saun derville, charging her with the murde of her flailiher, John W. Ressler, on th night of October 31. The whereabout of Mrs. Valois is unknown. On the morning of November 1, Mrs Rossler and her daughter, Mrs. Valois informed the authorities that Rossle had been found dead in bed with a bul let hole in his head and that he had committed suicide of despondency. Al though Coroner E. A. Wood accepted this story of suicide, the people of Saun derville said they believed Rossele was mundered. An inquest was hel today and it was shown that by the naiture of the wound in Rosseler's head he could not have committed suicide. At the hearing the mother and dau ghiter told different stories and it was also brought out that the relations be tween the father and daughter ha been strained. The authorities say Mrs. Valois has committed herself in private while under oath, and that he testimony strengthens the case agains her. KIDNAPPING CASES. Dexter, Mo., Nov. 20.-On Sunday night last Robert Worley, farmer living about twenty miles south of here, wal called to his door by a man named Ear ly, and three companions and taker away. Monday his disemboweled bod; was found hanging to a tree. It ap pears that Worley and Early had s personal encounter a few days ago and Early was worsted. Early has escap ed and his companions are unknown. Hudson, Mich, Nov. 20.-Mrs. Asa Manning living in Madina, Michigan has been abducted by her husband who is a cattle ranger in the west. The woman was bound and gagged and driven rapidly away in a carriage. The couple had lived apart several year and Manning was supposed to be dead The affair has caused great excitement STEAL IN STEELE CITY. Steele City, Neb. Nov. 20.-The more the affairs of the defunct Steele City bank are investigated, the more ugly they appear. It is generally believed that its president, C. B. Rice, will never return to town and every piece of prop erty he owned here has been attached The worst phase of the bank's failure was brought to light when it was dis covered that a large number of forged notes had been uttered by the bank' officials and disposed of at a discount to banks at St. Joseph and Kansas City Several business men have received notices from the State National bank at St. Joseph. It is now believed tha these bogus notes will aggregate sever al thousand dollars. CAUGHT BY A WOMAN Turtle Lake, Wis., Nov. 20.-Charles H. Stuckey, the absconding cashier o the State Bank of Duluth, Minn., was arrested at Perley, a few miles from here, this morning. Stuckey was boarding at a farmer's home. H went with the officer from Duluth with out resistance. Stuckey's defalcation is said to be $15,000, and resulted in the suspension of the bank. The detect ion of the culprit is due to Miss Fannie Nathan, a young woman who met him at a country dance and noted his re semblance to the published pictures of the missing cashier. OUTLAW HUFFMAN KILLED. Springfield, Mo., Nov. 20.-Franl Huffman, a notorious outlaw who long defied the authorities was killed las might by Sheriff James K. Moore o Hickory county, fifity miles northwes of here. Huffman was the leader o the Otterville train robbery on the Mis souri Pacific railway and broke jail in Howard county eight months ago, since which time the has been hiding in the hills of Hickory and Cedar counties. He was wanted in Cooper county for burglary. The United States marsha has been notified of the killing for the purpose of identification. Particular of the killing are hard to obtain by rea son of the place being remote from tele graphic communication. SAW CHILDREN BURN. Chattanooga, Tenn., Nov. 20.-A South Pittsburg, Tenn., early this morning a tenement house occupied by I. Robinson, a respectable colored la borer, was destributed by fire. Two o Robinson's children were burned to death, Robinson and wife being absent Much indignation exists against the ne gro people living near who stood by and saw the children burned without mak ing any effort to save them. Their brutal conduct was prompted by jeal ousy of Robinson's superior attain ments. TRAIN WRECKERS CONFESS. Rome. N. Y., Nov. 20.-Hildreth Hib bard and three other lads implicated in wrecking the New York Central train near this place Tuesday have hade 8 full confession. Bristol, the fourth member of the gang denies his guilt They will be put on trial for murder in the first degree. Hildreth told the officers today tha the attempt to wreck a train ten days ago was directed against the one which passes Rome for the east at 12:22 a. m. and which often carries rich express bullion. Later they changed their minds and decided that the next train would be better because the passengers were likely to be wealthy people. MARRIED A PRISONER. Cincinnaki, O., Nov. 20.-A special to the Commercial Gazette from Paducah Ky., says: Keyton L. Skinner, and Annie B. Currey, daughter of the war den of the state prison at Eddyville have been married under peculiar cir cumstances. Skinner was received in 1892 for seven years for killing Martin Blgwood, and came near dying in prison. The warden's daughter nursed him and interceded after his recovery with Governor Brown for a pardon after which the couple eloped to St. Louis. Warden and Mrs. C. L Curry have forgiven them and they will return to Kentucky. CRAZY WHEN ANGERED. La Crosse. Wis., Nov. 20.-Pettingfil the wild man of Wisconsin. whose deach is announced in a dispatch from Butte

8. November 21, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 21, 1895

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A WOMAN IN THE CASE. TURTLE LAKE, Wis., Nov. 20.Charles H. Stuckey, the absconding cashier of the State Bank of Duluth, Minn., was arrested at Perley, a few miles from here this morning. Stuckey was boarding ait a farmer's house. He went with the officers from Duluth without resistance. Stuckey's defaication is said to be $15,000 and resulted in the suspension of the bank. The detection of the culprit is due to Miss Fannie Nathan, a young woman who met him at a country dance and noted his resemblance to the published pictures of the missing cashier.

9. November 21, 1895 The Herald Los Angeles, CA
Article from The Herald, November 21, 1895

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An Absconder Arrested TURTLE LAKE, Wis., Nov. 20.-Chas. H. Stucker, the absconding cashier of the State Bank of Duinth, Minn., was arrested at Pinerley, a few miles from here, today. Stuckey was boarding at a farmer'a house. He went with the officers from Duluth without resistance. Stuckey's def leation is said to be $15,000 and resulted in the suspension of the bank. The detection of the culpr t is due to Miss Fannie Nathan, a youn woman who met him at a country dance and noted his resemblance to th published pictures of the missing cashier.

10. November 22, 1895 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, November 22, 1895

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STUCKEY'S SALARY. It Was Never More Than $1,500 per Annum and Owing to Hard Times Had Been Cut to $800. The following from the Duluth Tribune indicates that Stuckey didn't have a very encouraging outlook for a future salary if he judged from the past: "A report was circulated some time ago that cashier C. H. Stuckey, of the State bank, had been underpaid and therefore was not so greatly to blame for his defalcation as though he had been properly remunerated for services rendered. Receiver Davidson. who has been looking up the matter, showed the News Tribune the books of the bank yesterday. They show that the highest salary Mr. Stuckey ever enjoyed was $1,500 per year and not $1,800 as has been stated. In 1891 he received $1,200 per year. In 1892. $1,500; in January of 1894 it was again placed at $1,200, where it continued for one year. President Hall received during the same period $2,000 per vear. but at the close of business in 1894 the bank had proved 80 unprofitable and business was so bad that Stuckey's salary was reduced to $800 per annum and Hall's to $1,200. This was not done. however, until after mature deliberation and considerable discussion. for several of the directors felt that there was no longer need for Stuckey's services. His falthfulness and long service, however, outs weighed the proposition to let him out in the middle of winter, at a time when situations were hard to secure, and the result was that he was retained at 66.66 per month or $800 per annum for 1895."

11. February 14, 1896 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, February 14, 1896

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THE DULUTH BANK. Before the court at Duluth yesterday an application was made by some of the creditors of the suspended State Bank of Duluth for the removal of A. D. Davidson as assignee. What the grounds are for the effort are not yet known here, but thestockholders of the bank will certainly protest against a change Davidson's persistent efforts to punish Stuckey and Currie have caused some personal opposition to him.

12. February 14, 1896 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 14, 1896

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WANT A RECEIVER INSTEAD. Important Suit in they Case of the State Bank of Duluth. DULUTH, Minn., Feb. 13.-McGindley & Whitely, on behalf of Charles G. Firoved and other creditors of the bankrupt State bank, have filed a suit against the bank and its stockholders individually, under the law providing for recovery in double the amount of the stock. The court is asked to make an order requring every one of over 300 creditors to join in the action or be barred from recoveryl It is charged that A. D. Davidson, the Little Falls banker, who is both a stockholder and assignee, is using every endeavor to bring about the enforcement of the state's claim for a first lien of $30,000, in order that his liability as surety on the $60,000 of bonds given to the state, two of the five bondsmen being insolvent, may be reduced. It is further claimed that Davidson is refusing the general creditors access to the books, and his whole conduct is aimed at aiding his personal interests. On account of the assignee's unfitness, the court is asked to substitute a receiver. Assets are placed at $50,000, and liabilities at $80,000.

13. February 15, 1896 New-York Tribune New York, NY
Article from New-York Tribune, February 15, 1896

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TROUBLES OF BUSINESS MEN. Duluth, Minn., Feb. 14.-Charles G. Firoved and other creditors of the bankrupt State Bank have filed a suit against the bank and its stockholders individually, under the law providing for recovery in double the amount of the stock. The Court is asked to make an order requiring every one of over three hundred creditors to join in the action or be barred from recovery. On account of the assignee's unfitness the Court is asked to substitute a receiver. Assets are placed at $50,000 and liabilities at $80,000. San José, Cal., Feb. 14.-J. Z. Anderson, a fruit dealer, is insolvent. His liabilities are placed at $126,000. The Chicago Fruit Transportation Company is said to be a creditor to the amount of $48,000. Anderson's assets consist of land. heavily mortgaged. Cincinnati, Feb. 14.-Jacob Vogel & Son, pork packers, assigned to-day with preferences to Frank J. Dorger. Assets, $75,000; liabilities not known. Jacob Voge! made an individual assignment. Assets, $25,000; liabilities unknown.