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Bank in Receiver's Hands. Lake City, Minn., Feb. 25.-The Merchants' bank of this city is closed and in charge of the public examiner. Proceedings have been taken to annul its charter, and a receiver has been appointed. No statement has yet been given out as to the assets and liabilities or as to the cause of the failure,
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Bank Closed. Sr. PAUL, MINN., Feb. 25.-A Lake City, Minn., special to the Dispatch says: The Merchant's Bank is closed and in the hands of the public examiner. Proceedings have been taken to annul charter. R. ii. Moore has been appointed receiver. No statement has yet been given to the public. No information is obtainable as to the cause of the failure, the stockholders being ignorant un to the last moment of the state of affairs. The bank examiner has found that Prisident Holmes had loaned himself between $30,000 and $40.000, while the capital stock was but $50,000 and the surplus but $40,000. Legally he could/have loaned but $9,000. The bank will be dissolvod.
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Lake City Crash. LAKE CITY, Minn., Feb. 25. - -The Merchants' bank, of this city, is closed and in charge of the public exeaminer. Proceedings have been taken to annul its charter. R. H. Moore, of this city, has been appointed receiver, and is likely to qualify within a few days. No statement has as yet been given to the public as to the assets or liabilities, and no information is obtainable as to the cause of the failure. The stockholders were ignorant up to the last moment of the state of affairs. Bank Examiner Lonegren had examined into the bank's condition, and it is doubtless on his report that this action is taken.
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Minnesota Bank Closed. LAKE CITY, Minn., Feb. 25.-The Merchants' Bank is closed and in the hands of the public examiner. Proceedings have been taken to annul its charter. R. H. Moore has been appointed receiver. No information is obtainable as to the cause of the failure, the stockholders being ignorant up to the last moment of the state of affairs. The bank examiner has found that President Holmes had loaned himself between $30,000 and $40,000, while the capital stock was but $50,000 and the surplus but $40,000. Legally he could have loaned but $9,000. The bank will be dissolved.
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Lake City Crash. LAKE CITY, Minn., Feb. 25.-The Merchants' bank, of this city, is closed and in charge of the public exeaminer. Proceedings have been taken to annul its charter. R. H. Moore, of this city, has been appointed receiver, and is likely to qualify within a few days. No statement has as yet been given to the public as to the assets or liabilities, and no information is obtainable as to the cause of the failure. The stockholders were ignorant up to the last moment of the state of affairs. Bank Examiner Lonegren had examined into the bank's condition, and it is doubtless on his report that this action is taken.
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Bank President Violates the Law. LAKE CITY, Minn., Feb. 26.-The Merchants' bank is closed and in the hands of the public examiner. Proceedings have been taken to annul its charter. R. H. Moore has been appointed receiver. The bank examiner has found that President Holmes had loaned himself between $30,000 and $40,000, while the capital stock was but $50,000 and the surplus but $40,000. Legally he could have loaned but $9,000.
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Lake City Bank Closed. LAKE CITY, Minn., Feb. 27.-The Merchant's bank of this city did not open for business Monday, being in charge of Public Examiner Kenyon, the attorney general kaving taken steps to annul its charter. R. H. Moors . has been appointed receiver and will shortly qualify. Assets and liabilities have not yet been made public.
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A bonus of $3,000 is being raised at Grantsburg for Iowa parties, who are to erect a large canning factory. An earthquake shock was felt at St. Louis and in other towns in the vicinity. Itlasted about fifteen seconds. Albert Whipple, who wrecked the Crawford, Neb., bank, is found to have had a remarkable criminal career. The bill taking the health board of Detroit out of the hands of the mayor was passed by the Michigan house. Mrs. Bourke Cockran, the wife of the congressman, died suddenly at her home in New York. She was 31 years old. London friends of Count Castellane, who is to marry Miss Anna Gould, state that he is to receive a dot of $3,000,000. Twenty-five of the leaders of the recent black flag riots in Formosa have been beheaded by order of the emperor. General Joseph B. Carr. who was three times elected secretary of state of New York, died at his home in Troy, aged 66. Skeletons of three men and sixteen horses were found in a five-chambered cave on a farm in Sandusky County, Ohio. California's assembly passed a bill to prohibit the wearing of hats or bonnets at theaters or other places of amusement. Icaria, the community established near Corning. Iowa, by French socialists a century ago, has passed into a receiver's hands. Woman suffrage was defeated in the North Dakota house, the vote being 31 to 25. The new divorce bill was also beaten. Recent violent snowstorms have rendered citizens of eastern Colorado destitute and they have appealed for immediate aid. Six hundred French troops were surprised by rebels in Africa. Three hunpred were killed and the survivors surrounded. The bill forbidding a display of foreign flags on public buildings has passed the New York Senate and gone to the Governor. Gen. John A. McCiernand, the veteran soldier, is again confined to bed at Springfield, III., with grip. His case is serious. All the men in the building trades in New York have been ordered to strike to aid the electrical workers to carry their point. A receiver has been appointed for the Merchants' bank of Lake City, Minn. whose president had borrowed $40,000 of its funds. Judge Pugh, of Columbus, O., has decided the various express companies to be corporations and amenable to the excise tax. An eyewitness of Mooshir Pasha's "march of blood" through Armenia says 7,293 lives were sacrificed and many villages burned. C. W. Knapp, of the St. Louis, Republic, was elected president of the American Newspaper Publisher's Association at New York. George W. McBride, ex-Secretary of State, was elected on the thirtieth ballot as United States senator of Oregon to succeed Dolph. London Statist says the high rate of interest asked for United States bonds is due to the belief that further loans will soon be needed. Of ninety-seven republican members o the Kansas legislature ho expressed their presidential preferences forty-nine favored McKinley. George W. Burton, who, helpless from paralysis, was frozen to death in a cabir near Dubuque, Iowa, left a pathetic rec ord of his sufferings. Paris green was discovered in a well a Plano, Ill., used by several families. The alarm was given before any of the pois oned fluid had been used. New York's Legislature, both branch es, has passed the bill submitting to th people a proposition to bond the Stat for $9,000,000 for canal improvement. A contract for 19,000,000 gallons of win and the lease of six of the largest wine ries in the state has been made by the as sociated wine dealers of San Francisco Harold O. Henderson, of Mason, Mich who suffered imprisonment for burglar in preference to bringing dishonor on woman, has been pardoned by the gov ernor.
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Granted More Time. LAKE CITY. Minn., March 28.-Another extension of time has been granted the Merchants bank corporat on of this city in which to recover its standing without go ng into the hands of a receiver. A settlement of dfficulties is yet probable.
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Granted More Time. LAKE CITY, Minn., March 28.-Another extension of time has been granted the Merchants bank corporation of this city in which to recover its standing without going into the hands of a receiver. A settlement of dfficulties is yet probable.
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Depositors but a Dividend. LAKE CITY, M.n., July 3.-D H. Moore, receiver of the Merchants bank of to : city. has obtained an or ier from Judge Gould for is items I syment of 25 per cent to depositors, which will amount to about $40.000.
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Depositors Get a Dividend. LAKE CITY, Minn., July 3.-R. H. Moore, receiver of the Merchants bank of this city, has obtained an order from Judge Gould for a first payment of 25 per cent to depositors, which will amount to about $40,000.
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MINNESOTA NEWS. NOTION our up Star State. The state fair proved to be a proounced success. Anton Weinholzer was robbed of early $300 in his saloon in St. Paul. The residence of Mr. Mika at Delano was destroyed by fire. Loss $500. Two Duluth girls are mysteriously hissing and supposed to have been foully dealt with. Over 100,000 people were in attendince at the G. A. R. encampment at Paul. Ft. Hon. Fred C. Stevens was nominated or congress by the Republican convenion of the Fourth district, held at faylors Falls. Peter Rafferty. who has been held S a witness, is now charged with the nurder of Thomas Curlin, at Lake Elmo, near Stillwater. Gus Mueller of Rochester, aged 36, committed suicide by shooting himself n the abdomen. Cause, despondency over his health. The old Marquis Demores refrigertor at Brainerd was struck by lightning and set on fire. It is a total loss; artially insured. Under orders of the district court if Wabasha county the uncollected asets,-notes and securities of the de!unct Merchants bank of Lake City, vere sold. Mrs. Fannie B. Fleck, relict of A. M. Fleck ,was found dead in a closet in her residence at Austin. She had been n poor health for some time. Two :hildren survive. John Lambert's house and contents and six stacks of grain were burned to the ground. The Lamberts were away 'rom home and it is believed that the ire is the work of enemies. A school house in a district about 'our miles north of Montevideo was burned with all contents last night. The loss was about $600, and was !ully covered by insurance. The fire S supposed to have been set by ramps. C. E. Green and R. C. Blue, unmar:ied, employes of the Great Northern work train, were seriously injured at Bauk Center by falling from and being un over by the train. The recovery if either is doubtful. D. R. Morrison, a shoe dealer of Vinona, closed his doors Monday. His ailure is the result of the death af 1. F. Hodgins, to whom he owed somehing over $10,000. The assets are but 1 few thousand less than the liabiliies. The stock is estimated at $12,000. State Bank Examiner Kenyon has :aken charge of the Manufacturers' ank of West Duluth and C. E. Peaslee has been appointed receiver. The faila is attributed to the bank's inability to quickly realize on its assets. De)osits are about $40,000. A premature explosion of dynamite it the cement works at Mankato fatilly injured Peter Peterson and badly njured Peter Lewis,. If Lewis recov!TS he will probably be blind. They had disobeyed orders in using dynanite in the upper rock ledge instead of owder. John Sebaack of Douglass lost. his ;ranary and barn, including a large quantity of grain and 200 tons of hay, besides machinery, by fire, catching rom a threshing machine engine. Mrs. Theresa Congemine of Hampton lost 1 quantity of flax in the shock in a imilar manner. Both were insured. Great excitement prevailed at Anhandale for about four hours the other lay over the announcement that Scott Goodman's little three-year-old boy had wandered into the woods and was lost. The whole town was turned into a searching party, and just before dark he little fellow was found about three'ourths of a mile from home. John eGns, living southeast of Rentille, while riding horseback driving attle Monday morning, was thrown rom his horse, sustaining injuries rom which he died the same evening. le was sixty years of age and one of he earliest and most prosperous Gernan farmers in this section. He leaves wife and six children, mostly grown ID, to mourn his loss. A. D. Davidson, receiver of the State bank which failed some time ago, when Cashier Stuckey eloped with $15,000 of its money, has sued M. O. Hall, formerly president of the bank, 'or $3,200, which, it is alleged, he converted to his own use and failed to reurn. When Cashier Stuckey was tried 'or embezzlement some time ago he vas acquitted, blaming Hall for the rime. A serious affray occurred at Milaca ecently. William Johnson, a saloon teeper of Sandstone, came here several lays ago, and claimed a woman here S his wife. The woman, being di-