Article Text
Two Minnesota Banks Fail. St Paul, Jan. 7.-A Preston, Minn., special to the Dispatch says: The Bank of Canton, at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field Kelsey & Co., suspended business yesterday.
9658. Citizens' Bank of Lanesboro (Lanesboro, MN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 6, 1897
- Location
- Lanesboro, Minnesota (43.721, -91.977)
Metadata
- Model
- gpt-5-mini
- Short Digest
958d4e0d
Response Measures
None
Description
Multiple contemporaneous newspaper dispatches (Jan 7–8, 1897) report that the Citizens' Bank of Lanesboro, operated by Field & Kelsey (Field, Kelsey & Co.), suspended business on Jan. 6–7, 1897. The articles report only a suspension with no mention of a run or any subsequent reopening; no receiver or takeover is explicitly mentioned in these clippings. I classify as suspension_closure because there is no evidence of a run and no reopening mentioned in the provided articles; closure is likely though not definitively proven in these items.
Events (1)
1.
January 6, 1897
Suspension
- Cause Details
- Contemporary dispatches simply state the bank 'suspended business'; no cause (rumor, runs, correspondent failure, or government action) is given in the provided articles.
- Newspaper Excerpt
- The Bank of Canton, at Canton, and the Citizens' bank of Lanesboro, both owned and operated by Field Kelsey & Co., suspended business yesterday.
- Source
- newspapers
Newspaper Articles (10)
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Two Minnesota Banks Close. The Bank of Canton, at Canton, Minn., and the Citizens' Bank of Lanesboro', both owned and operated by Field, Kelsey & Co., have suspended business.
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Two Banks Suspend. Preston, Minn., January 7.-The Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., have suspended business.
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A BRACE OF BANKS BURST. Preston, Minn., Jan. 7.-The Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., have suspended business.
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Five young men who comprise a gang of the most daring bank swindlers and forgers that has operated in this country in 20 years were captured in Chicago. The number of steerage passengers landed at Ellis island during 1896 was 252,350. There were 99,223 cabin passengers landed at the port of New York during the same period. Fire destroyed property at Athens, Tex., valued at $100,000. Fire destroyed the entire business portion of Royalton. Wis. In Minnesota the Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., suspended business. J. H. Johnston & Co., silversmiths and jewelers in New York, failed for $250,000. Simon Cooper, a negro outlaw, murdered Ben Wilson, aged 80 years, his son Wesley, aged 40. and Mrs. Wesley Wilson, aged 35, and a colored man at Magnolia, S. C. The refusal of Wilson to loan Cooper a buggy was the cause. Senator-elect Money, of Mississippi, arrived at Tampa, Fla., from Cuba and left for Washington. The Bankers' exchange bank in Minneapolis, Minn., which suspended some days ago, has resumed business. William J. Bryan was the guest of the Bryan league at a banquet given at the Tremont house in Chicago in celebration of the anniversary of Andrew Jackson's birth and made the principal speech. Anthony Henderson, a negro arrested for the murder of George Summer at Unadilla, Ga., and attempted assault upon his daughter, was lynched by a mob. John Vaughan and Gus Homer, armed with a pistol and knife, engaged in a duel at Memphis, Tenn., and both were fatally wounded. The fiftieth session of the general assembly of Indiana met in Indianapolis. Henry C. Pettit, of Wabash, was chosen speaker of the house. The American national bank of Denver, Col., which suspended April 21, 1896, has reopened its doors. The United States dispatch boat Dolphin arrived at Jacksonville, Fla., to watch filibusters. Howard Wilson and Miss Fay Rawls broke through the ice while skating at Creston, la., and in saving the life of the young lady Wilson lost his own. William Speidel, 21 years of age, was robbed and murdered while on his way to be married at Port Jervis, N. Y. R. G. Dun & Co., of New York, in their weekly review of trade say that while banking failures have not ceased at the west, apprehension about them has almost wholly subsided and no serious influence upon general trade is expected Thomas Wilson, accompanied by his daughter, Mrs. Kinnery, and her tive children, attempted to ford Práirie creek near Plato, Mo., and the children were all drowned. The exchanges at the leading clearing houses in the United States during the week ended on the 8th aggregated $1.144,639,080, against $1,055,921,223 the previous week. The decrease compared with the corresponding week of 1896 was 7.6. There were 488 business failures in the United States in the seven days ended on the 8th, against 329 the week previous and 405 in the corresponding period of 1896. In his message to the Missouri legislature Gov. Stone advocated the hanging of persons convicted of train robbery. The Bank of North St. Paul, Minn., closed its doors with liabilities of $25,000. Robbers blew open a safe in the post office at Blooming Grove, Tex., and secured $9,000. The office of the Leader, a newspaper at Montpelier, O., was burned, the loss being $10,000. Simon Cooper, a negro outlaw, who murdered thaee members of the Wilson family and a colored servant, was lynched near Sumter. S.C. Gov. Matthews in his last message to the Indiana legislature expressed strong sympathy for the Cuban insurgents and advocated compulsory education and a law prohibiting the formation of trusts in the state. The North Carolina legislature passed a resolution instructing the senators and congressmen from that state to try and bring about the passage of an act recognizing the independence of the patriots of Cuba. Charles Walstrom and Mike Martin, who lived on an island across the bay from Charlevoix, Mich., were murdered by unknown parties. The First national bank of Alma, Neb., was closed with liabilities of $134,000. Robert Laughlin was hanged at Brooksville, Ky., for the murder of his invalid wife and 14-year-old niece. After the murder he set fire to the house and the bodies were consumed. Senator-elect Money, of Mississippi, who has just returned to Washington from a two weeks' visit to Cuba, says that Spain is unable to cope with the insurrection: that she will never put it
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Two Banks Suspend. Preston, Minn., Jan. 8:-The Bank of Canton, at Canton, with a capital of $10,000, and the Citizens' bank. of Lanesboro, both owned and operated by Field. Kelsey & Co., have suspended business.
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WEST AND SOUTH. An explosion of giant powder at Twin Lakes, Col., killed Peter Fagin and Michael Sebia and Joseph Larkin was fatally injured. Near Pickens, S. C., the residence of Rev. M. L. Jones was destroyed by fire, and his son Elbert and daughter Mary perished in the tlames. 1. N. Van Hossen, ex-mayor, was found dead in his home at Lawrence, Kan., having been sulfocated by coal gas from a store. At Eau Claire, Wis., the Commercial bank.capital $30,000, announced voluntary liquidation. The deposits amount to about $53,000. In Chicago five young men who comprise a gang of the most daring bank swindlers and forgers that has operated in this country in 20 years were captured. The Bank of Canton at Canton, Minn., and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., suspended business. At Magnolia, C., Simon Cooper, a negro outlaw, murdered Ben Wilson, aged 80 years, his son Wesley, aged 40, and Mrs. Wesley Wilson, aged 35, and a colored man. The refusal of Wilson to loan Cooper a buggy was the cause. The entire business portion of Royalton, Wis., was destroyed by fire. Business has been resumed by the Bankers' exchange bank in Minneapolis, Minn., which suspended some days ago. In Chicago William J. Bryan was the guest of the Bryan league at a banquet given at the Tremont house in celehra. tion of the anniversary of Andrew Jackson's birth and made the principal speech,
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News Summary. The Bank of Canton, at Canton. Minn., and the Citizens' bank of Lanesboro, Minn., both owned and operated by Field. Kelsey & Co., have suspended business. The Commercial bank of Eau Clare, Wis.. capital $30,000, closed last Thursday. The failure is due to the suspension of the Allemania bank of St. Paul. Depositors will be paid in full. The anti-trust law in Georgia has invalidated the contracts made by the tobacco, snuff, potash, coffee, match and other trusts and has thrown these hitherto closed markets open to competition. Capt. George M. Crossman, of Co. I. Connecticut National Guard, created quite an excitement by threatening a private with a dishonorable discharge because he moved that the Company meetings open with prayer and close with a benediction. The Italian ship Francesco Clampa, upon her arrival at San Francisco last week reported that she had ran into and sank the fishing schooner Moett during a fog off Scilly. Ten of the Moett's erew were drowned. The steamer City of Duluth had a narrow escape from destruction by fire while lying at her dock last week Fire broke out in the lamp room and filled the cabins with smoke. The city engines by prompt action saved the craft. Anthony Henderson was lynched at Unadilla, Ga., for the assassination of old man George Summer, and attempted assault upon the person of Sumner's daughter. At the preliminary hearing he made a full confession of the crime. The United States Court of Appeals at Chicago has decided that the leases Lade by the old whisky trust cannot be enforced and are void. This rids the American Spirits Manufacturing Company of about 50 leases running for about 20 vears and involving something like $1,500,000.
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PERSONAL AND GENERAL. LIZZIE PFEIFFER, a Chicago telephone operator, put her week's pay in her stocking, on the 6th, and started for home. Footpads held her up at Fifty-third street and demanded her money. She denied having any, and the robbers searched her and secured the money. THE American national bank of Denver, Col., which suspended April 21, 1895, has been permitted to re-open its doors for business as an active national banking institution, having complied with all the necessary conditions. SIMON COOPER, a negro desperado, who had killed five persons, was surrounded by a sheriff's posse in Sumter county. S. C., on the 8th, and killed. Gov. Evans was asked for a cannon, as Cooper kept up a fusilade with his Winchester rifle on the posse, but a lucky shot finally brought him down. He was afterwards hanged and riddled with bullets. THE Bank of Canton, at Canton, Minn., with a capital of $10,000, and the Citizens' bank, of Lanesboro, a small institution, both operated by Field, Kelsey & Co., suspended business on the 6th. r THE British ship Ulrica, Capt. Johnson, which arrived, on the 4th, at Queenstown from San Francisco, and sailed later for Dublin, went ashore, on the 7th, on Copeland island, on the northwest coast of Ireland, and became a total wreck. Her crew was saved. IT is now estimated that 325,000 persons have fled from Bombay as a result of the spread of the bubonic plague. They are scattering contagion in the villages up the country. Ex-PENSION EXAMINER JAMES A. JORDAN was sentenced in the United States court at Grand Rapids, Mich., on the 8th, for defrauding the government. The penalty imposed was that he pay a fine of $1,000 and return to the department all misappropriations of funds. He paid the fine and was released. PART of the winter quarters, at Bridgeport, Conn., of Barnum & was on Bailey's show burned the night of the 7th. Wild and exciting scenes took place in the menagerie. Elephants, lions, tigers, bears and all manners of fierce and strange breasts were taken out of the buildings in safety. A MISPLACED switch caused a wreck on the Erie railway at Orangeville, O., on the 8th. Train No. 82 went into a diteb, and ten cars were completely wrecked. A steam snow plow was also demolished. THE weekly statement of the associated banks New York city for the week ended the 9th showed the fallowing changes: Reserve, increase. $1,704,500; loans, increase, $259,700; specie, increase, $550,700; legal tenders, increase, $14,467,100; deposits, increase, $17,253,200; circulation, de. crease, $692,300.
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THE annual celebration of the anniversary of the wedding of George Washington was held at Sherry's, in New York city, on the 6th. by the New York chapter of the Daughters of the American Revolution. SANFORD GRANT, a scion of one of the oldest and wealthiest Scranton (Pa.) families, has been sued for $10,000 for kissing pretty Mrs. Emma May Bradish twice-once on the cheek and once on the lips-without her consent. IT is now estimated that 325,000 persons have fled from Bombay as a result of the spread of the bubonic plague. They are scattering contagion in the villages up the country. CARLOS EZETA, ex-president of Salvador, now exiled in Oakland, Cal., has declared his disapproval of the Central American federation by which Salvador, Honduras and Nicaragua are united. He says the people of the republics were not consulted, and that the union was accomplished without their warrant or approval. LIZZIE PFEIFFER, a Chicago telephone operator, put her week's pay in her stocking, on the 6th, and started for home. Footpads held her up at Fifty-third street and demanded her money. She denied having any, and the robbers searched her and secured the money. THE American national bank of Denver, Col., which suspended April 21, 1895, has been permitted to re-open its doors for business as an active national banking institution, having complied with all the necessary conditions. THE wedding of Miss Edith Lyman Collins, the ward of Hon. Chauncey M. Depew, of New York, and Rechid Bey, Count Czaykowski, councilor of state of the Turkish embassy at Rome, was celebrated at Paris on the 7th. THE Bank of Canton, at Canton, Minn., with a capital of $10,000, and the Citizens' bank, of Lanesboro, a small institution, both operated by Field, Kelsey & Co., suspended business on the 6th. THE British ship Ulrica, Capt. Johnson, which arrived, on the 4th, at Queenstown from San Francisco, and sailed later for Dublin,went ashore,on the 7th, on Copeland island, on the northwest coast of Ireland, and became a total wreck. Her crew was saved. SIMON COOPER. a negro desperado, who had killed five persons, was surrounded by a sheriff's posse in Sumter county, S. C., on the 8th, and killed. Gov. Evans was asked for a cannon, as Cooper kept up a fusilade with his Winchester rifle on the posse, but a lucky shot finally brought him down. He was afterwards hanged and riddled with bullets. Ex-PENSION EXAMINER JAMES A. JORDAN was sentenced in the United States court at Grand Rapids, Mich., on the 8th, for defrauding the govern. ment. The penalty imposed was that he pay a fine of $1,000 and return to the department all misappropriations of funds. He paid the tine and was released. PART of the winter quarters, at Bridgeport, Conn., of Barnum & Bailey's show was burned on the night of the 7th. Wild and exciting scenes took place in the menagerie. Elephants, lions, tigers, bears and all manners of fierce and strange breasts were taken out of the buildings in safety. A MISPLACED switch caused a wreck on the Erie railway at Orangeville, O., on the 8th. Train No. 82 went into a ditch, and ten cars were completely wrecked. A steam snow plow was also demolished.