9604. Exchange Bank (Farmington, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1893*
Location
Farmington, Minnesota (44.640, -93.144)

Metadata

Model
gpt-5-mini
Short Digest
496f0ecc

Response Measures

None

Description

Multiple newspapers from Dec 1893 report the Exchange Bank of Farmington 'winding up its business' (closing). By Jan 16, 1894 the bank building (front) was blown out with dynamite; the article states the bank had gone out of business and there were no funds in the vault. No run is described. The suspension appears to be a permanent closure/ winding up (voluntary liquidation).

Events (2)
1. December 1, 1893* Suspension
Cause
Voluntary Liquidation
Cause Details
Newspapers in Dec 1893 state the Exchange Bank of Farmington 'is winding up its business', indicating voluntary winding up/closure rather than a run or external seizure.
Newspaper Excerpt
The Exchange bank of Farmington is winding up its business.
Source
newspapers
2. January 16, 1894 Other
Newspaper Excerpt
some miscreant had placed a dynamite cartridge ... it blew the front of the bank proper all out ... As there were no funds in the vault, the bank having gone out of business, and no attempt having been made on the safe, no reason can be assigned for committing the act.
Source
newspapers

Newspaper Articles (4)
1. December 20, 1893 Morris Tribune Morris, MN
Article from Morris Tribune, December 20, 1893

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Article Text

NEWS IN MINNESOTA. Hutchinson is suffering from an epidemic of influenza. A farmers' institutejwas held at Good Thunder last week. The Exchange bank of Farmington is winding up its business. The supreme court is considering the Pierce county tax cases. C. F. Burrows got $1,000 damages for falling through a defective sidewalk at Lake Crystal. Frank Duffy succumbed to cold at Aitkin and was found with both legs and arms frozen. The Franklin mine on the Mesaba range has closed down, throwing 300 men out of employment. The state camp of Modern Woodmen of America held its second annual convention at Mankato last week. The commissioners of Blue Earth county have decided on plans for a new jail. The estimated cost is $30,000. Public Examiner Kenyon has authorized the Bank of Dassel, with a capital stock of $16,000, to open for business. Layne and Conway, under arrest at Mankato for the murder of Harry Walraven, have been indicted for murder in the first degree. Confidence men are having a hard time in St. Paul. Twenty of them have suspended sentences hanging over them pending their flight from the city. A circular issued to call together the first Republican convention in 1855 was found among the Sibley papers. Of the six members of the Minnešota territorial committee only one is now living. Hon. William R. Marshall. K. Larson of St. James, Minn., who shot and killed his wife Nov. 26, was captured at Hector by Sheriff Forsythe of St. James. Larson made two attempts to kill himself while the sheriff was conveying him to jail. A number of masked men entered the Johnson "blind pig" at Cokato, and administered a severe whipping to a man named Larson, who was in charge of the place. Larson is confined to his bed as a result of the visit of the "white caps." The Soo road has leased from the Victoria Rolling Stock company of Ontario 1,000 box cars, 20 cabooses and 26 locomotives until Aug. 1, 1903. The amounts paid for the rent of this stock are $154,465 in cash and $835,492.58 in semi-annual payments up to the expira, tion of the lease, The State Agricultural society will hold its annual meeting at the state capitol Jan 9, at 10 a. m. There will be elected a president, two vice presidents and two directors. The directors whose terms expire at the date mentioned are Colonel Clark Chambers of Owatonna, and C. N. Cosgrove, of Le Sueur. State Auditor Biermann has issued over his signature a statement addressed to the public, in which he seeks to defend his action in disposing of the pine timber on a section of school land, section 36, township 42, range 26, Mille Lacs county, by private sale to C. A. Smith & Co of Minneapolis. Mr. Biermann states that he made the sale purely from a desire to protect the interest of the state,

2. December 21, 1893 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, December 21, 1893

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Article Text

NEWS IN MINNESOTA Hutchinson is suffering from an epidemic of influenza. A farmers' institutelwas held at Good Thunder last week. The Exchange bank of Farmington is winding up its business. The supreme court is considering the Pierce county tax cases. C. F. Burrows got $1,000 damages for falling through a defective sidewalk at Lake Crystal. Frank Duffy succumbed to cold at Aitkin and was found with both legs and arms frozen. The Franklin mine on the Mesaba range has closed down, throwing 300 men out of employment. The state camp of Modern Woodmen of America held its second annual convention at Mankato last week. The commissioners of Blue Earth county have decided on plan. for a new jail. The estimated cost is $30,000. Public Examiner Kenyon has authorized the Bank of Dassel, with a capital stock of $16,000, to open for business. Layne and Conway, under arrest at Mankato for the murder of Harry Walraven, have been indicted for murder in the first degree. Confidence men are having a hard time in St. Paul. Twenty of them have suspended sentences hanging over them pending their flight from the city. A circular issued to call together the first Republican convention in 1855 was found among the Sibley papers. Of the six members of the Minnesota territorial committee only one is now living. Hon. William R. Marshall. K. Larson of St. James, Minn., who shot and killed his wife Nov. 26, was captured at Hector by Sheriff Forsythe of St. James. Larson made two attempts to kill himself while the sheriff was conveying him to jail. A number of masked men entered the Johnson "blind pig" at Cokato, and administered a severe whipping to a man named Larson, who was in charge of the place. Larson is confined to his bed as a result of the visit of the "white caps." The Soo road has leased from the Victoria Rolling Stock company of Ontario 1,000 box cars, 20 cabooses and 26 locomotives until Aug. 1, 1903. The amounts paid for the rent of this stock are $154,465 in cash and $835,492.58 in semi-annual payments up to the expiration of the lease. The State Agricultural society will hold its annual meeting at the state capitol Jan 9, at 10 a. m. There will be elected a president, two vice presidents and two directors. The directors whose terms expire at the date mentioned are Colonel Clark Chambers of Owatonna, and C. N. Cosgrove, of Le Sueur. State Auditor Biermann has issued over his signature a statement addressed to the public, in which he seeks to defend his action in disposing of the pine timber on a section of school land, section 36, township 42, range 25, Mille Lacs county, by private sale to C. A. Smith & Co of Minneapolis. Mr. Biermann states that he made the sale purely from a desire to protect the interest of the state.

3. January 17, 1894 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 17, 1894

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Article Text

BLEW A BANK'S FRONT OUT, But the Institution Had No Funds in It. Special to the Globe. FARMINGTON, Minn., Jan. 16.-The inhabitants of this place were startled this morning about 5:30 by a loud explosion. Upon investigation it was found that some miscreant had placed a dynamite cartridge inside the storm protection of the front door of the Exchange bank of this place, and when it exploded it blew the front of the bank proper all out, besides wrecking the counter and inside glass protection on top of the counter. As there were no funds in the vault, the bank having gone out of business, and no attempt having been made on the safe, no reason can be assigned for committing the act.

4. January 19, 1894 The Scranton Tribune Scranton, PA
Article from The Scranton Tribune, January 19, 1894

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Article Text

FLASHES OF GENERAL NEWS. George Slosson is out with a challenge and it holds good only to Ives. The American Society of Civil Engineers is in annual session in New York. While coming from Havana to New York S. Menede was robbed in his stateroom of $400 and a watch. In a $1,000,000 infringement suit at Sr. Paul, the Wood Harvesting company beat the Esterly company. An old Spanish grant, covering Pensacola's water front, is declared illegal by Florida's supreme court. Embezzler Burke, who stole $8,000,000 from Louisiana, says he will return from Honduras to stand trial. While being initiated into sixteenth degree Masonry, W. H. Boothroyd, a Detroit publisher, dropped dead. The Tariff Reform league of Boston passed resolutions calling from the prompt passage of the Wilson bill. High railroad rates will make the Spreckels, of San Francisco, send 50,000 tons of raw sugar round the Horn. Virginia legislators are considering a bill to legalize the sale and reorganization of the Richmond and Danville railroad. Managers of several potteries at East Liverpool, O., announce a new scale of wages and others will do sothisafternoon. On his way to the penitentiary, Bank Cashier Redwine, the Atlanta embezzler, absolved all other officials from wrongdoing. Striking coal miners at Salem, O., put a dynamite bomb against the door of Operator John Evans' office, but it failed to explode. The Massilion (O.) coal operators issued a circular asking Ohio miners to accept reduction in the price of mining of 15 cents per ton. Charged with helping her lynched son to murder Mr. and Mrs. Rhines, Mrs. Elizabeth Parker, of Winchester, O., was arrested. With a dynamite cartridge, unknown miscreants blew out the front of the suspended Exchange bank's building at Farmington, Minn. Oakland citizens will subscribe $50,000 toward building a ferry to San Francisco that will compete with the Southern Pacific railroad. A motion for the appointment of a receiver of the property of the ThomsonI Houston Electric company. of New York, was made to Judge Barrett. The deadlock in the special session of the Colorado legislature was clearly de: fined when the senate refused to consider the first bill submitted from the house. Admiral Mello visited the convict island, Fernan Noronna, enlisting many of the released prisoners, and took all the available provisions except enough to feed for five days those remaining on the island.