9595. Bank of Fairfax (Fairfax, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 29, 1892
Location
Fairfax, Minnesota (44.529, -94.721)

Metadata

Model
gpt-5-mini
Short Digest
28f8f991

Response Measures

None

Description

Multiple contemporaneous articles (late Dec 1892/early Jan 1893) report the Bank of Fairfax closed its doors (reported Dec 29, 1892), officers fled, were later arrested, an assignee/receiver was appointed and the bank remained in receivership. Causes cited in the press are insolvency, alleged fraud/mismanagement, judgments against the bank and shortages. No article describes a depositor run distinct from the suspension; this is therefore classified as a suspension followed by permanent closure/receivership.

Events (2)
1. December 29, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to insolvency and alleged fraud/mismanagement; paying high interest, manipulated mill business and judgments (Mulford Elevator Co.) depleted assets; officers fled prior to arrest.
Newspaper Excerpt
THE Bank of Fairfax. Minn., J. A. Beard, president, and F. A. Gray, cashier, closed its doors on the 29th ult. and its officers have left for parts unknown.
Source
newspapers
2. January 5, 1893 Receivership
Newspaper Excerpt
IN A RECEIVER'S HANDS. Great Excitement Over the Fairfax Bank Failure. President Beard and Cashier Gray Under Arrest. They Claim That They Will Be Able to Liquidate. ...The affairs of the Bank of Fairfax, which closed its doors a week ago last Tuesday...The failure itself created considerable surprise...it is rumored the liabilities will come to very nearly $50,000. ...the assignee, Lawyer Brown, was working to secure $50,000 bonds as assignee. ...The Renville county authorities arrived here with a warrant for the arrest of Messrs. Gray and Beard charging them with fraud for receiving deposits when they knew that the bank was insolvent. (also many wire items: Excitement runs high at Fairfax over the Bank of Fairfax failure. Messrs. Gray and Beard are confined in the village lock-up.)
Source
newspapers

Newspaper Articles (17)
1. January 4, 1893 New Ulm Review New Ulm, MN
Article from New Ulm Review, January 4, 1893

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Slick Bankers. The bank of Fairfax closed its doors last Wednesday and its officers, J. A. Beard and F. A. Grey took the first train out of town. The suspension was unexpected and caused considerable excitement for it was reported to have a paid up capital of $20,000. One thing how ever had been regarded as suspicion for a long time and this was the paying of eight and ten per cent on deposits, contrary to customs of banking institutions. Quite a number of farmers have lost money by the failure by having stock in mill, the management of which was manipulated through the bank. A. V. Reicke, Lammers & Green, Anton Altman, Geo. M. Brand and other merchants are also among the losers. The feeling against the bank officers was outspoken and they are severely censured. Fairfax is one of the liveliest towns on the St. Louis Ry. and its merchants are liberal, wideawake hustlers and to be thus robbed of their property is a blow which cuts them to the quick and especially the more so when each day reveals further the unsavory methods employed on the part of the bank officers to get possession of their money. Ever since the State Bank started, there has been a bitter rivalry between the two streets of the town on each of which a bank is located. So the merchants on the street on which the Bank of Fairfax is located, accommodated their bank by endorsing notes in its favor and now the callapse of their pet reaches their pocket-book as well, The officers of the State Bank a run on anticipated heavy their institution but they will meet it without any extended difficulty.

2. January 4, 1893 The Enterprise Wellington, OH
Article from The Enterprise, January 4, 1893

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a hospital to be erected for the sick poor of that city, to cost $200,000. WHEN the supposed will of Joseph Church, of Allegany, N. Y., who died few days ago leaving an estate of $250,000 was opened, a statement was found in his own handwriting to the effect that the had destroyed his will, as he didn't propose t have his heirs quarreling over its provisions GRAND MASTER POWDERLY, of the Knights of Labor, has bought a farm of seventy-one acres at Hyattsville, a suburb of Washington, for himself and a syndicate of workingmen with a view to establishing a group of factories and a co-operative workingmen's town. THE Bank of Fairfax. Minn., J. A. Beard, president, and F. A. Gray, cashier, closed its doors on the 29th ult. and its officers have left for parts unknown. The failure created great excitement among business men. AT Perry, Neb., on the 29th ult. a Burlington construction train backed into a bunch of horses on the track. The engine was ditched and Engineer Andrew Cumming and Fireman Baxter W. Goldrich were killed. APPLICATION has been made by stockholders of the Farmers' Co-operative bank of Meadville, Pa., for the appointment of a receiver. They claim the bank is insolvent, but it is believed a reorganization will be effected and the ink placed on a solid footing. MRS. JAMES BUFORD, wife of a prominent Springfield (O.) politician, dropped dead on the 29th ult. from the shock of discovering in a room the dead body of a relative who had died suddenly during the night. A COMMITTEE of six directors of the Union Life Insurance Company have, through their counsel, requested the New York state insurance department to bring suit for the appointment of a receiver for the company. The charge is made that the funds of the company have been misused, that its affairs have been grossly mismanaged and that it is insolvent. THE Illinois steel mills in Joliet, Ill., will close down on January 1 for repairs and to settle the scale of wages, as the present scale expires on December It is that not start until e 31. thought April. Over the two mills of work. thou- will sand men will be thrown out d THE largest seizure of smuggled opium in years was made at San Frano cisco on the 29th ult. The contraband drug, consisting of 1,200 half pound e cans valued at $12,000, was discovered y inside of the sheathing in the hold of t the steamer Oceanic from Hong Kong. The duty on the opium amounted to $7,000. y BOB SLAVIN, the famous minstrel, was found dead in bed in the Merchants hotel at Toledo, O., on the 29th ult. y THE executive council have unanie mously voted to pardon James Dunlap, the notorious bank robber now in the y Massachusetts state prison. Dunlap r was in 1877 sentenced with Robert le Scott to imprisonment for twenty years , for robbing the Northampton National n bank of nearly $2,000,000 in cash, bonds ic and other securities. # PETER SUTTER, a retired farmer, aged a 55, murdered his wife, Teresa. aged 4 e at Des Moines, Ia., on the 29th ult. He d strangled her with a towel and then brained her with a hammer. The couple t had been quarreling for a long time. 1. Sutter gave himself up to the police. d He is probably insane. is THE station house at Brighton, near e Sacramento, Cal., was burned on the t 29th and the the were : Ayers, ult., agent remains and operator, of Miss E. A. n found burned almost to a crisp in the ruins. THE differences between the Baltile more e is grievance & Ohio committee railway of officials the settled Brotherhood and by the the of Trainmen have been e signing of a wage scale which makes an average increase of from eight to eightg een cents per day. t AT Marshalltown, la., on the 29th ult. the high school building was entirely destroyed by fire. Loss, $100,000; W insurance, $95,000. The building was h one of the finest educational institun tions in the state. r THE failure of Wayland Trask & Co., a of No. 18 Wall street, was announced at d the New York Stock Exchange on the 29th ult. The firm consisted of Way 1land Trask, Theodore Baldwin and A. N. Rankin. eAT Pittsburgh, Pa. on the 29th ult. a boiler in the carpet cleaning establishe ment of R. B. Hutchinson exploded twith terrible force. J. O. Cox was is blown through the wall and fell 0. through the roof of a shed fifty feet behe low. He was terribly mangled and will 1.) die. Clarence Shaw, aged 16, was terpd ribly bruised and scalded, but will prob, ably recover. te THE eastern and western coal sales to at their rs agents meeting ult., decided at New to make York City on the 29th no changes in prices for January. esJ. PERSONAL AND POLITICAL. he Chilliantha

3. January 4, 1893 New Ulm Review New Ulm, MN
Article from New Ulm Review, January 4, 1893

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NORTHWEST NEWSBUDGET OF THE WEEKLY ROUND-UP IMPORTANT NEWS. A Concise Account Past Week of the in Happen- Minings of the nesota, North Dakota. Iowa and Wisconsin Minnesota Fariresidence of I.B. Spencer, at damaged by fire. Henult, was general merchant at O.N has Benjamin, assigned. Liabilities and assets ning, butare under $10,000. known, E. S. fails Corser, with a Minneapolis $1,000,000 real liabilities. estate dealer, Wheat speculation's is the cause. of National Bank Appleton, to begin capital The First $50,000, has been authorized at business. residence of Ed McCullough fire. The The fine was badly damaged insurance. by can Faribault is nearly $1,500; small that Feesupernatura in the Canton church. loss The superstitious pictures believe in another they window W. of Dr. The Lincoln residence at Wabasha and hospital were unknown. destroyed The by H. fire's origin is of $1,500. fire. loss is The covered by an insurance Harry Newman, Balzell and old, were out Fred two Jads about fourteen Elk River, years discharge when Balzell went hunting his near gun and the leg. dropped young Newman's prevails through Diphtheria of a malignant Sueur type Several new three miles reported. east of Le In the family three of young Mrs. cases Meyer. are one young man last and two weeks. Five ladies have died in the sick. remaining Mrs. S. C. children Merrell, an are an unknown artist of man Lake while City has returning was assaulted the other by evening. $250 the The city arrest and offered a reward of ffian. conviction The dwelling of the of consumed ru Mrs. Margaret by fire defective together Cronin, at Lake City was the furniture. A insurance, with most of Loss $1,500; flue was the cause. $1,000. A. Gorrie came with to Worthington, whisky He recent- was but ly and filled the institute up for treatment, coroner's intaken died during to the night. verdict, The and adjourned in have a post quest came to no morteni held. agorder to broke out in the rear Montevideo of Taylor's and Fire warehouse at consumed ricultural of the contents insurance on was build be with The loss part is about $5,000; The building ing and stock. B. B. $3,000. Blake, of Racine, and Wis. well-to longed Edward to Fink, a prominent miles west of North Milfarmer living four the 6 o'clock field. do was run over train by and instantly. to two waukee miles passenger north of here. at Worthington The inquest held death of A. Gorrie, who inquire into the the French League Instidied recently at verdict which completely blame the matter. exonerated tute, rendered the a institute from any Cloud The police mad pursued dog scare two has canines reached and both that St. show- were ed The symptoms of have rabies special instructions killed. Officers their guard against mad unmarried dogs. to be on Lorson, aged 22 years, seven miles west he was L. Sleepy run P. over Eye, at by Cobden. passenger leg were train severed No. 5. He and His is still alive. of right was arm otherwise and right badly bruised. the laid blame The coroner's jury having on Conductor the W. for Nickey the Nelson and accident Engineer county Mullaney, arrested Alexan- both sheriff A. of Douglas will be taken hearing. to The men here. where They they will manslaughter have dria. " ill be Beard, presi complaint Bank of Fairfax, J. cashier, A. closed its dent. doors and The and the F. A. officers Gray, began have a private left for banking parts do They seemed to be here in has created ing business unknown. well. The failure business 1889 and men. Paul great & Du- exc amoun the St. J. H. at West auditors are now go- to parts accounts luth tement depot unknown, Todd. cashier and of Duluth, which has are said left left be- for ing show fore Christmas over a shortage his Paul. ostensibly of $2,000. Nothing to spend Todd has his been vacation in St. him since his departure. Two Harbors River, of heard Word from has been occurred received at at Cloquet Full row which of here. small whisky, about in a fight Christmas of station engaged north 18 were Finlanders severely with Duluth and 12 and Swedes pistols. Several was sent up from the injured. clubs and The put sheriff the principals bebind dry goods bars. Ludwig to Kahn. 107 West the well-known Superior to M street, I. Fisch- Du- He man, made 105 an assignment not be found. there carried seem to be too in the bein. luth, Mr. an Kahn immense could many stock dry of goods, goods men but to in put field. are being Fergus made Falls for in the it, Arrangeme electric plant at to secure power across spring. dam will be power is about thesixth an In order here. This city but dis- exthe Red river the center of except the as to the pense will cost mile below detriment entire improvement between tance is no of wiring. forty The and fifty thousand by dollars. Fink was instantly fil wankee killed & cross St. Ed. on the Chicago, attempting to The railroad at after by the train Paul track in a carriage while some Northfield. time broken in was discovered carriage was unhurt married. near passer body pieces, by. by. but He the the was horse aged was 28 found years and unWisconsin at Ashland The electric be completed street car be system Ragby ore February. Junction will not Baumgartangane of and committed Mrs. declared Oshkosb. has been Hospital at postmasthe Northern been appointed County H. Bancler has Kewaunee Mrs. ter at Luxenbourg, Josenhine Biemert of Green Bay

4. January 5, 1893 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, January 5, 1893

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IN A RECEIVER'S HANDS. Great Excitement Over the Fairfax Bank Failure. President Beard and Cashier Gray Under Arrest. They Claim That They Will Be Able to Liquidate. The affairs of the Bank of Fairfax, which closed its doors a week ago last Tuesday as stated in the GAZETTE, are becoming more complicated day by day, and rumors are floated the regarding of the all condition sorts of being bank. The failure itself created considerable surprise, amounting almost to a /sensation, and is said to have been brought about by judgments in the hands of the Mulford Elevator Company. Immediately after the suspension President J. A. Beard and Cashier F. A. Gray came up to this city and endeavored to borrow money to enable them to reopen the bank. Previous to the failure the Citizens Bank in this city had been called upon and in response sent $500 by express, but before the package was dehvered a representative of the Citizens overtook and recovered it, so that, so far as is known none of the banks in this city are losers on account of the failure. On last Saturday night affairs took another turn when the sheriff of Renville county arrived here with a warrant for the arrest of Messrs. Gray and Beard which had been sworn out by one George Brand, charging them with fraud for receiving deposits when they knew that the bank was insolvent, be having deposited a considerable sum, said to be $700, in the bank on Monday, the day preceding the failure. This move seems to have been entirely unexpected by the of ficers of the defunct bank. who had made no effort to keep out of the way or conceal their whereabouts, and when the sheriff arrived about nine o'clock at night they were easily found and placed under arrest. Legal addenied them at the time and were away they vice was hurried in the blinding snow storm and taken to Morton, and afterwards to Fairfax, where the preliminary examination will be held to-morrow. Judge Baldwin returned home from Fairfax yesterday, and in an in terview, stated that Messrs. Beard and Gray were still under arrest, and that the assignee, Lawyer Brown, was working to secure $50,000 bonds as assignee. Mr. Baldwin was of the opinion that when the claims of two or three depositors were adjusted both Mr. Beard and Mr. Gray would be released, and all criminal proceedings dropped. notwithstanding that excitement was still at fever heighth in Fairfax and an occasional threat heard. As to the assessts and liabilities he could make no statement as he, with the receiver. had been together, refused admittance into the bank. Mr. Baldwin was of the opinion that if the assessts were judiciously handled it would more than cover the liabilities. The Renville county authorities refused to allow Mr. Baldwin to see his clients. Such a thing has never been heard of before, and Judge Webber should take the authorities to task for this breach of legal etiquette. Persons under arrest are not convicted, and until that time, and even afterwards, their attorneys should be permitted to see them at any reasonable hour. It is rumored that the liabilities will come to very nearly $50,000. Eleva- and that the expert of the Muford tor Co., it is rumored, declaires the bank $35,000 short.

5. January 5, 1893 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 5, 1893

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The News in Brief. Little Falls is now illumined by gas. Morgan E. Wescott has been commissioned postmaster at Canby. Walter Boyer, a workman at the Great Northern shops, was squeezed between the bumpers of two cars and severely injured. Charles Johnson, a Swede who cannot speak a word of English, was arrested for stealing two buckets of coal, worth about 4 cents, from a railway car. It developed that the man had a sick wife and child and had no fuel in the house, having been unable to procure any work, and he went to St. .Paul. The Bank of Fairfax has closed its doors. The bank was a private institution founded some years ago by J. A. Beard of Redwood Falls, who is now the president of the concern. The bank did an extensive business buying grain, but the cause of the isilure or the condition of the bank's affairs are not known to the public. The United States, through its dis. trict attorney, Mr. Hay, has made application to the United States judge for the appointment of three appraisers to condemn land on Minnesota point, in Duluth, to be used for government sta. tions for the preservation of a primary base line for the survey of the lakes. The petition represents that the entire survey depends on this base line, and that the owners of the property and the government cannot agree as to the value of the land. Ludwig Kahn of Duluth assigned tc M. L. Fischbein. He carried a stock worth $50,000. The officers of the Second regiment, on Christmas day, presented retiring Adjutant Andrew J. Eckstein with handsome gold watch, chain and charm Accompanying the gift was a letter from the commanding officer. Col. Bob leter, thanking the adjutant for his services in a very complimentary man ner and regretting the step taken by him in resigning. An inmate of the reformatory at St. Cloud, Bert Lockley, has been par doned. Hon. J. P. Roach of Northfield came with a pardon from Gov. Merriam Lockley was sent up from Northfield for assault.

6. January 5, 1893 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 5, 1893

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WEST AND SOUTH. Ar the age of 109 years and 10 months Jacob Dischart died in Washington, Ind. AT Muncie, Ind., the Delaware county courthouse was burned, the loss being $300,000. IN Milwaukee incendiary fires destroyed the tanneries of the William Becker Leather company and Conrad Bros., causing a loss of $250,000 and the death of three men, and the street car barns and electric plant of the Villard line. the loss being $300,000. AT Omaha George Faust, who murdered his mistress, Laura Day, was sentenced to the penitentiary for life. FOR the first time in many years the Allegheny, Monongahela and Ohio rivers were frozen over and river traffic was entirely suspended. tELAMES wiped out the sugar mills and warehouses on the Darlington plantation in Fort Bend county, Tex., owned by Mrs. Narcissa Willis, entailing a less of $250,000, and the Chinn plantation owned by Mr. Brown suffered a similar disaster, his loss being $100,000. A MOB at West Liberty, O., took John Jackson, a colored man who eloped with Lessie Hinkle, a pretty white waitress, from. jail and tarred and feathered him. IN the Continental block in Omaha fire destroyed property valued at $500.Q00. S. S. Orchard, carpet dealer, and Freeland, Loomis & Co., furniture dealers, were the heaviest losers. In portions of Kansas terrible losses among stock owing to cold weather and deep snow were reported. THE University of Chicago received a Christmas present from John D. Rockefeller of $1,000,000, making a total of $3,600,000 that he has given to that institution. FLAMES ruined the new music hall of Pillsbury academy at Owatonna, Minn., which had just been completed through the generosity of George A. Pillsbury, of Minneapolis. COAL Cas caused the death of a family named Rasmussen, consisting of husband, wife and child, in their home near Bradley, S. D. JOHN GRIFFITH, who resides in Cropsev. Ind., was presented by his wife with three girl babies. ON the east-bound Lake Erie & Western passenger train a parlor car blew up near Lima, O., fatally injuring the conductor and a passenger. AT the age of 80 years Loring Packering, senior proprietor of the Morning Call, died in San Francisco. Hegas the oldest pioneer newspaper man on the Pacific coast. DURING a fight among miners in the San Juan (Coi.) mining camp over claims eleven men were killed and many others were wounded. IN session at Indianapolis leaders of the people's party issued a manifesto denouncing fusion with either dominant party for the election of senators. E. EWING, his wife and son were fatally poisoned at Omaha by drugs placed in their coffee by a son-in-law with whom they had quarreled. ISAAC IRWIN'S house at Kirklin, Ind., was blown into kindling wood by the explosion of natural gas, and Mrs. in and ber daughter Retta were Vitality injured. A MOB lynched a negro who assaulted Miss Anderson (white) at Bowling Green. Ky, IN Ossawatomie, Kan., three dwell. ings owned by William Chestnut caught fire- from natural gas and burned four persons to death. THE doors of the Bank of Fairfax, Minal, J. A. Beard, president, and F. A. Gray, cashier, were closed and its officersigone to parts unknown. Depositors will lose over $12,000 THE home of Thomas Griffiths at Leon, Kan., was burned during his absence and his three children perished in the flames.

7. January 5, 1893 Warren Sheaf Warren, MN
Article from Warren Sheaf, January 5, 1893

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WEST AND SOUTH. AT the age of 109 years and 10 months Jacob Dischart died in Washington, Ind. AT Muncie, Ind., the Delaware county courthouse was burned, the loss being $300,000. IN Milwaukee incendiary fires destroyed the tanneries of the William Becker Leather company and Conrad Bros., causing a loss of $250,000 and the death of three men, and the street car barns and electric plant of the Villard line, the loss being $300,000. AT Omaha George Faust, who murdered his mistress, Laura Day, was sentenced to the penitentiary for life. FOR the first time in many years the Allegheny, Monongahela and Ohio rivers were frozen over and river traffic was entirely suspended. FLAMES wiped out the sugar mills and warehouses on the Darlington plantation in Fort Bend county, Tex., owned by Mrs. Narcissa Willis, entailing a loss of $250,000, and the Chinn plantation owned by Mr. Brown suffered a similar disaster, his loss being $100,000. A MOB at West Liberty, O., took John Jackson, a colored man who eloped with Lessie Hinkle, a pretty white waitress, from jail and tarred and feathered him. IN the Continental block in Omaha fire destroyed property valued at $500.000. S. S. Orchard, carpet dealer, and Freeland, Loomis & Co., furniture dealers, were the heaviest losera. In portions of Kansas terrible losses among stock owing to cold weather and deep snow were reported. THE University of Chicago received a Christmas present from John D. Rockefeller of $1,000,000, making a total of $3,600,000 that he has given to that institution. FLAMES ruined the new music hall of Pillsbury academy at Owatonna, Minn., which had just been completed through the generosity of George A. Pillsbury, of Minneapolis. COAL gas caused the death of a family named Rasmussen, consisting of husband, wife and child, in their home near Bradley, S.D. JOHN GRIFFITH, who resides in Cropsev, Ind., was presented by his wife with three girl babies. ON the east-bound Lake Erie & Western passenger train a parlor car blew up near Lima, O., fatally injuring the conductor and a passenger. AT the age of 80 years Loring Pickering, senior proprietor of the ) Morning Call, died in San Francisco. He was the oldest pioneer newspaper man on the Pacific coast. DURING a fight among miners in the ) San Juan (CoL) mining camp. over claims eleven men were killed and E many others were wounded. IN session at Indianapolis leaders of the people's party issued a manifesto denouncing fusion with either dominant party for the election of senators. E. EWING, his wife and son were fatally poisoned at Omaha by drugs placed in their coffee by a son-in-law with whom they had quarreled. ISAAC IRWIN'S house at Kirklin, Ind., was blown into kindling wood by the explosion of natural gas, and Mrs. Irwin and her daughter Retta were fetally injured. A MOB lynched a negro who assaulted Miss Anderson (white) at Bowling Greep. Ky. IN Ossawatomie, Kan., three dwellings owned by William Chestnut caugliti fire from natural gas and burned four persons to death. THE doors of the Bank of Fairfax, Minn. J. AL Board president, and F. i A. Gray, cashier, were closed and its officers gone to parts unknown. DeS positors will lose over $12,000. THE home of Thomas Griffiths at Leon, Kan., was burned during his abf sence and his three children perished in the flames

8. January 6, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 6, 1893

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EXCITED DEPOSITORS. REDWOOD FALLS, Minn., Jan. 5.-Ex- citement runs high at Fairfax over the Bank of Fairfax failure. The assignee has not made a statement, but the liabilities are very large and the assets very small. Gray and Beard, the bank officials, are confined in the lock up. An attempt has been made to blow up the jail with dynamite, but the fuse went out before reaching the explosive. The assignee is having difficulty in securing the $50,000 bonds demanded.

9. January 6, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, January 6, 1893

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AN EXCITED POPULACE. Agitation Caused by the Failure of a Banking Firm. REDWOOD FALLS (Minn.), Jan. 5. - -Excitement runs high at Fairfax over the Bank of Fairfax failure. The assignee has not made a statement, but the liabilities are very large and the assets very small. Messrs. Gray and Beard are confined in the village lock-up in charge of Renville County officers. An attempt was made to blow up the lock-up with dynamite, but the fuse went out before reaching the explosive.

10. January 6, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, January 6, 1893

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Excited Populace. READING FALLS, Minn., Jan. 6.-Excitement runs high at Fairfax, over the bank of Fairfax failure. The assignee has not made his statement but the liabilities are very large and the assets very small. The officers of the bank are confined in the village lock-up A attempt has been made to blow up the lock-up with dynamite, but the fuse went out before it reached the explosion.

11. January 6, 1893 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, January 6, 1893

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Excitement Over a Bank Failure. REDWOOD FALLS, Minn., Jan. 5.-Excitement runs high at Fairfax over the Bank of Fairfax failure. The assignee has not made a statement, but the liabilities are very large and the assets very small. Mesers. Gray and Beard are confined in the village lock-up in charge of the Renville county officere. An attempt was made to blow up the lockup with dynamite, but the fuse went out before reaching the explosive. Assignee Brown is having difficulty in securing the $50,000 bonds demanded.

12. January 6, 1893 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, January 6, 1893

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Excited Over a Bank Failure. REDWOOD FALLS, Minn., Jan. 6. -Excite ment runs high at Fairfax over the Bank of Fairfax failure. Messrs. Gray and Beard are confined in the village lockup. An attempt has been made to blow up the lockup with dynamite, but the fuse went out before reaching the explosive.

13. January 6, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, January 6, 1893

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ANGRY DEPOSITORS. Making Things Warm for the Officers of a Broken Bank. REDWOOD FALLS, Minn., Jan. 5. - The excitement runs high at Fairfax over the Bank of Fairfax failure. The assignee has not made a statement yet, but the liabilities are very large and the assets very small. Messrs. Gray and Beard are confined in the village lockup in charge of the Renville County officers. An attempt was made to blow up the lockup with dynamite, but the fuse went out before reaching the explosive. Assignee Brown is having some difficulty in securing the $50,000 in bonds demanded.

14. January 7, 1893 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 7, 1893

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. Anderwas A NEGRO who at assaulted Bowling Miss a Green, mob Ky., and son taken (white) from jail by Long hanged. explosion of killed dynamite Mary in Garden, Henry Nicola Island AN O'Brien, City, L. Mrs. 1., Lodano. Rocco, John Hop Ossawatomie, and dwellings in Chestnut. caught persons to Kan., kins THREE owned fire from by William natural death. gas and A. burned Bank four of Fairfax, F. Minn., A. Gray, J. THE president, and and its officers cashier, left for parts Beard, closed its unknown. doors Depositors will lose over $12,000. miners in the claims San men IN a fight among camp over otheleven Juan (Col.) were mining killed and many O., ers were wounded. of Columbus, aged while eating ANDREW 72, choked DIEHL, to death breakfast. on a piece of of bread Georgia THE African has issued along Press with an association other address reforms, which prefover recommends, "negro" be given it be that the word "colored." and that "N." at erence spelled with a capital Thomas Griffiths sence and Leon, THE Kan., house his was of three burned children during perished his abin in the flames. GRIFFITH, who resides husband MRS. JOHN Ind., presented her Cropsey, babies. with three girl car on the east-bound train Lake blew A PARLOR & Western passenger injuring the conductor Erie np near Lima, and a O., passenger. and fatally Andrew Falls, ERNEST CRUSE died at the penitentiary the effects two Little convicts, Rock, Ark., while from at Helena. vicThese in of the deaths poison swell taken the number of detims to thirteen. of the treasury an THE inspectors have discovered smugglers' in Boston rendezvous. of partment levee in Sutter over opium BY the breaking 50,000 a acres of were the under county, most fertile Cal., land water, in the and state the damseveral feet estimated at $1,000,000. New York age WAYLAND. was TRASK failed & Co., for $150,000. stock brokers, speculations of one of the firm caused Secret the suspension. wife of a prom- O., MRS. JAMES BUFORD, at Springfield, a dead from dead body of inent dropped politician room the the shock of discovering in a had died suddenly. relative, who and C. M. Howe, G. W. POMEROY (Minn.) farmers. killed. were Brooklyn Center a passenger train Commissioner and struck THE report by of Pension twenty widows of of Raum shows of the that revolutionary war soldiers still live and draw pensions. mill of Duke & 1776 boiler of the saw exploded, killing Blurus THE three at Jaken, negroes, and Ga., Joe James Smith. Wilbanks, road Guffin Phillips on the Fort Wayne car at the AN engine crowded street in Chiran into a street crossing injuring Forty-seventh killing four persons and & eleven cago, others. cashier of the St. Paul Minn., J. H. TODD, West Duluth, beleft Duluth for depot parts unknown at with $2,000 longing to KAHN, the company. a prominent failed dry-goods for $150,LUDWIG at Duluth, Minn., 000. man THREE workmen received were serious fatally wounds injured the result and five others of a dynamite explosion as Pa. at Ky., James at IN Milnesville, a drunken between quarrel John Barnes Kerr. Gardners Mrs. and e his the two men in chief ville, Barnes brother-in-law, and commander were order killed. anA. the G. G. WEISSERT, A. R., has issued of an a national association nouncing of the of ex-army formation and navy chap$12,000 hold lains. SMUGGLED at opium San valued Francisco from at in Hong the was of found the steamer Oceanic both Kong. Fox and Adam by Gripson. a mob at : colored. Huling, LEWIS La., were for hanged clerk. murdering Emanuel a grocery into the Onondaga and s Bastel, penitentiary BURGLARS broke door at Syracuse, of the safe N. open. Y., but got open the the outer inner door. of could MISS not MARY E. GARRETT, Garrett. of daughter Baitimore, presented s the 1 te John John W. Hopkins university with $350,000. an out sent ane s o FRANK IVES from has New York the that world he e nouncement ready any to part play of $10,000 anybody at in balk line bilà liards. for EXCHANGES reported amounting by the States leading to $1,066,549, during clear436 were the United soth,against ing days seven days. the seven houses in the ended previouresponding on the $1,512,261,277 with the was 6.4. y As compared week of 1891 the commenced increase again of on Mary, the g WORK has the grave Fredthe mother . monument over of Washington, at t Pa. r ericksburg, men Md. near Tannersville, for blasting y WHILE thawing dynamite two white and by V e purposes two were colored, four were of them, instantly killed Kansas 1. SHANTY burned an explosion. on the levee and in "Mother' y City, A Kan., was its only occupant, fatality burned. Reney ex-slave Simmons. over 100 years old, was

15. January 25, 1893 New Ulm Review New Ulm, MN
Article from New Ulm Review, January 25, 1893

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NORTHWEST NEWS BUDGET THE WEEKLY ROUND-UP OF IMPORTANT NEWS. A Concise Account of the HappenIngs of the Past Week In Minnesota, North Dakota, Iowa and Wisconsin. Minnesota. The store and postoffice at Fairhaven was burned recently. Loss, from $800 to $1,000. Max Shapieko's meat market at Tower was destroyed by fire. Loss, $6,000; insurance, barn and of Becker, The house, $4,000. , granary Peter near St. Cloud, were burned. Loss, $6,500; insurance small. There is a coal famine in Northfield. As hardly a ton of coal is in the houses of any of the dealers a blockade would cause much suffering. The little daughter of a man named Atkinson of St. Cloud was seriously burned recently Her clothes caught fire and burned off the body. Robert Cavanaugh of St. Paul, coming from Devils Lake, jumped off the train in the yards at St. Cloud. When found both hands were badly frozen. Mrs. Franz Sommer of Red Wing died after a long illness. She was a sister of William and Fred Busch and leaves a husband and several children. William Rousch has been placed in jail at Fairmont to await trial at the next term of the district court on he charge of rape. The dwelling of W. G. Cooper at Hastings was burned recently. There was a small insurance on the building in the St. Paul Fire and Marine. Mrs. William Reichardt, who lives in the town of Warsaw, was accidently shot by her nephew and her left leg so badly shattered that she may die. Henry Morgan of Luverne, was arrested at Rock Rapids on the charge of stealing a team of horses from William Ward, a farmer living a couple miles north of this city The farm buildings of N. G. Bolton, Deer Creek, Otter Tail county, burned with a large amount of property on them. Total loss $4,000; fully insured. A special from Zumbrota states that 18 IIIIIII aut east from there, burned. eight It miles owned Surnoy was Mau was by Henry Nelson. Loss $8,000; insurance, $4,200. W. M. Hughes, a common farm laborer at Dundas, twenty-nine years old, an has heir to and has received his at of relatives in and the The $99,000 death bondsmen Englishman, just England fallen cash of the collapsed Bank of Fairfax were notified by registered mail by the county of Renville to make county's loss, which is good be the said to $1,800, by the failure of said bank. Judge R. R. Nelson, of the United States court at Duluth, declared the Chinese exclusion act unconstitutional in a case brought before him on habeas corpus in the arrest of Yuk, proceedings Ah a Chinese of seven years' residence in the United States. Fire broke out in the rear of Neil J. Huff's shoe store at 25 East Superior street, Duluth. The building is a story was the stock frame. It damaged $500, two and perhaps $1,000. The frame buildings on either side were damaged by water. W. H. Brownell, city marshal of Farmington, in attempting to put an intoxicated individual in the lock-up, was severely stabbed in the arm. The prisoner escaped and the deputy sheriff is in pursuit of him. J.B. Champion, proprietor of the Continental saldon, at Luverne, was arrested charged with selling intoxicating liquors to minors. This is the third offense and it will probably go hard with him. He will have a (hearing before the council. A jump in ski running was made at Red Wing, recently, which is said to beat the world's record. Torjus Hemmestvedt, brother of Mikkel Hemmestvedt, the world's champion, made a jump of 103 feet, beating his brother's best previous record by one foot. Of late the firm of W. J. Fletcher of Farmington, has been money from its safe, but ble the other missing was considera- relieved night by Detectives Marsh and Simmons, who captured the safe cracker, James L. Cable, who has recently been in its employ. Peter Bentner a mail carrier in Winona. was arrested charged with stealing letters committed to him for delivery and abstracting their valuable contents. Bentner has been placed under $2,000 bonds and turned over to the United States marshal F. A. Gray was released on bail at New Ulm. In an interview he said: us to far. We have grounds crowded for excellent "They a suit for false imprisonment. We did not make a dollar by the assignment.' When asked if it would hurt Fairfax, he replied that it would put the place back ten years. The schedule of assets and liabilities of Riley & Temple, Lake Crystal, were filed with the clerk of the court at Mankato. The heaviest loser is the Beaupre Mercantile Company of St. Paul, whose claim is nearly $3,000. The liabilities of the firm are about $15,000, with only $4,000 assets. The grain elevator belonging to the Anderson Whiting estate. situate on East Broadway north, Rochester. was sold today to Alexander Allen, who will take possession Feb. 1. Many will be made to and the handling changes improvements facilitate and storing of grain. O. G. Clark will be foreman in charge. William Gieske has sold his stock the Sleepy Eve Milling company to the in company. and will withdraw This deal mill here, the milling 400-barrel Marshall. business. 250-barrel includes from mill the the at Minn.. and a line of ele

16. January 26, 1893 The Princeton Union Princeton, MN
Article from The Princeton Union, January 26, 1893

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NORTHWEST NEWS BUDGET THE OF WEEKLY ROUND-UP IMPORTANT NEWS. A Concise Account of the Happen- Minings of the Past Week in nesota, North Dakota, Iowa and Wisconsin. Minnesota. store and postoffice at Fairhaven $800 to $1,000 was The burned recently Loss, from Shapieko's meat market at Tower inwas destroyed Max by fire. Loss, $6,000; surance, $4,000. house, barn and granary of burned. Peter Becker, The near St. Cloud, small. were $6,500; insurance Loss, is a coal famine in Northfield. houses There a ton of coal is in the would of As any hardly of the dealers a blockade much suffering named cause little daughter of a man seriously Atkinson The recently of St. Her Cloud clothes was caught fire burned burned off the body. and Robert Cavanaugh of St. Paul, off the coming train from Devils Lake, at St. jumped Cloud. When found died in the hands yards were badly frozen. Wing both Franz Sommer of Red sister of Mrs. illness. She was a leaves a after a long and Fred Busch and in husband William and several children. Rousch has been trial placed at the William Fairmont to await he jail next at term of the district court on The charge dwelling of rape. of W. G. Cooper There at was Hast- a insurance ings was burned on recently. the building in the small Paul Fire and Marine. in lives St. William Reichardt, who accidently Mrs. of Warsaw, was left leg so shot that she the town by her nephew and her may die. arbadly shattered Morgan of Luverne, charge was of rested Henry at Rock Rapids horses on from the William miles Ward, a stealing a farmer team of living a couple north of this city. buildings of N. G. Bolton, burned The farm Otter Tail county, on them. amount of property with Deer Creek. large insured. that a $4,000; fully states Total loss from Zumbrota you eur A special IIIIII burned 18 from there, was Loss was owned eight miles east by Henry Nelson. It insurance, $4,200. la$8,000; Hughes, a common years farm old, W. at M. Dundas, twenty-nine fallen heir borer and an Englishman, received has just his cash at to $99,000 and has in England. the death of relatives of the collapsed Bank The bondsmen notified by registered make of Fairfax the were county of Renville is to said to mail by the county's loss, which of said bank. good by the failure the United be Judge $1,800, R. R. Nelson, Duluth, of declared the States court exclusion at act unconstitutional habeas Chinese brought before him arrest on of Ah of Chinese corpus in a case proceedings seven in the years' residence Yuk, the a United States. J. of Neil in Fire broke out in at the 25 rear East Superior two Huff's shoe store building is a and Duluth The damaged $500, street, frame. It was $1,000. The frame by on buildings the story stock perhaps either side were damaged of water. W. H. Brownell, city to marshal put an inFarmington individual in attempting in the lock-up, The pris- was escaped severely toxicated stabbed and in the the deputy arm. sheriff is in oner J. pursuit B. Champion, of him. Luverne, proprietor was of the arrested liquors Consaloon, at intoxicating and This is the him. He charged tinental minors. with selling hard third with offense at to it will probably hearing go before the council. made will have a running was beat A jump in ski which is said to Red Wing, record. recently Torjus Hemmestvedt, the the world's of Mikkel Hemmestvedt, a jump of 103 feet, beating his brother world's champion, brother's made best previous firm record by one foot. of W. J. Fletcher of consideras Farmington, Of late the has been safe, missing but was relieved and , ble money night from by its Detectives safe Marsh cracker, L. James Simmons, the other who Cable. captured who has the recently been Wino g in Peter its employ. Bentner, a charged, mail carrier with in stealing letters valuable na, was committed arrested to him for contents. delivery Bent- and abstracting their placed under $2,000 States bonds ner and has turned been over to the United 1 0 marshal. Grav was released on said: bail at "They New Ulm. far. We F. A. In an interview he have excellent a crowded for us a to suit for false imprisonment the assignground's make a dollar by would hurt We did not asked if it put the ment.' Fairfax. When he replied that it would place back schedule ten years. of assets and Crystal, liabilities were The & Temple, Lake court at Manof Riley with the clerk of the is the Beaupre Paul, filed heaviest loser whose of kato. Mercantile The Company $3,000. of St. The liabilities only assets. claim the firm is nearly are about $15,000, with the n $4,000 grain elevator belonging situate on to East I n Anderson The Whiting north. Rochester estate, was will sold take to Broadway Allen, who facilitate possession day to Alexander Feb. 1. Many made improvements to o handling changes will be of grain. e and and storing charge. G. the Clark will be foreman in his stock in t Gieske has sold to the t William Eve Milling company from the the Sleepy will withdraw includes the milling 400-barrel business. mill here. the 0-barrel company. and This deal mil

17. March 20, 1895 New Ulm Review New Ulm, MN
Article from New Ulm Review, March 20, 1895

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AFTER THE DEFUNCT BANK. The Defunct Bank of Fairfax is Sued for Over Three Thousand Dollars. Bregel & Frank Want Judgment Against J. A. Beard and F. A. Gray. The papers in an interesting set of civil cases were served on the defendants last Saturday. The defendants are the Bank of Fairfax, Joseph A. Beard and Finley A. Gray, a firm that ceased doing business about the time the bank suspended and President Beard and Cashier Gray were called upon to answer certain indictments of the grand jury of Renville county. It will be remembered that the Bank passed into the hands of a receiver. A large number of the creditors participated in the benefits arising from the receivership, which benefits practically amounted to nothing. The plaintiffs in this case did not participate for the reason that they saw that their claims would amount to hardly nothing and they preferred to remain on the outside, secure judgment against Beard and Gray, and keep them from holding attachable property for the rest of their earthly existence. or else settle claims against them. The plaintiff's are Frank Bregel and Wenzel Frank. They sue separately in two cases and jointly as partners as Bre& Frank in two cases. One of the cases is commenced by Wenzel Frank individually against Beard's bank, and cites that on Dec. 31, 1892, and two years prior thereto he deposited various sums in the bank. That on Dec. 31, 1892, he demanded his balance of $33.87. The payment was refused. He also demanded $156 for wheat stored in the Fairfax Mills, controlled by the bank, but payment on this was also refused. He sues for the two amounts and interest at the rate of seven per cent from the above date until fully paid. A second suit is brought by Bregel & Frank against F. A. Gray. It is to recover on a note for $200 and interest from March 20th, 1893. A third suit is brought by Bregel & Frank against the bank. It alleges that between March 15th. 1892, and Dec. 31, 1892. the firm deposited in the aggregate in the bank 180.95. of which it checked out all but $1,957.86 before the bank suspended payment. On that date the money was demanded but payment was refused. They demand judgment for the amount, together with interest at the rate of seven per cent per annum until fully paid. The fourth suit is by Frank Bregel against the bank, seeking to recover $819.36 and interest from Dec. 5, 1892, and $48.30 for wheat stored in the mill owned or controlled by the bank. The two men are hardware merchants at Fairfax. They built up a prosperous business and were making money and when the bank collapsed it carried with it in the neigborhood of $3,000 of the firm's money, and almost drove it to bankruptcy. But with remarkable pluck they kept their heads above water and have practically recovered from the effects of the suspension. McConnell & Tiffts, two of the best attorneys in Glencoe, have taken the cases for the firm. Fred Frank, a brother to the junior partner was over Saturday and Sunday, and served the papers on the defendants on Saturday. When they were handed to Beard he coldly remarked that he would look the matter up and see whether it was worth while to put in an answer. He smiled sarcastically at Mr. Frank as he made the statement.-Redwood Gazette. The Nature of Lent. Lent has become a universally recognized season. The ceremonial churches