Bank of Litchfield - Litchfield, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 19, 1890
Location: Litchfield, Minnesota (45.127, -94.528)

Metadata

Model: gpt-5-mini
Short Digest: 0d53e98c

Response Measures

None

Description

Newspaper items show the Bank of Litchfield (Litchfield, MN) was being arranged to open Jan 1 (Dec 19, 1890 report) but by mid-January 1891 the bank was closed and a receiver appointed after the suicide of H. S. Branham (cashier/president). Articles report insolvency and receivership; no article describes a depositor run. Liability estimates vary across reports ($50,000–$100,000; $150,000) — documented below.

Events (3)

1. December 19, 1890 Other

Newspaper Excerpt: Col. J. M. Howard, of Litchfield, was a caller upon Bank Examiner Kenyon at the capitol yesterday, and perfected arrangements for the opening on Jan. 1 of the Bank of Litchfield, with capital $25,000. Col. Howard will be president, and T. F. McClure cashier.
Source: newspapers

2. January 18, 1891 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closing and suspension followed discovery of insolvency after the suicide of H. S. Branham (the bank's cashier), indicating bank-specific adverse information about solvency.
Newspaper Excerpt: Judge A. H. Young was vesterday appointed receiver of the bank in Litchfield of which the late H. S. Branham was cashier, by Judge Pond.
Source: newspapers

3. January 20, 1891 Receivership

Newspaper Excerpt: The suicide of Mayor H. S. Branham, of Litchfield, Minn while temporarily deranged, led to the closing up of the bank in Litchfield, of which Mr. Branham was the cashier. A receiver will be appointed. Liabilities from $50,000 to $100,000; assets unknown.
Source: newspapers

Newspaper Articles (5)

1. December 19, 1890 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, December 19, 1890

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SAINT PAUL. RUN IN BY REPORTERS. William B. Bender, of Polk county, was lodged in Ramsey county jail yesterday, charged with selling liquor to Indians. Second Lieutenant F. A. Tarr, of Company F, First regiment, yesterday tendered his resignation to Adjutant General Mullen. A meeting was held last evenigg at 70 East Seventh street of the members of the W. C. T. U., when routine business was transacted. The Minnesota State Agricultural society has secured a verdict against Swanson Brothers in the sum of $211.82 for rent of a stand in the fair grounds. W. H. Brill, the druggist in the Germania bank building. who recently made an assignment, filed schedules yesterday showing assets to be $2,616.61, liabilities $4,321.29. Burns & Shaw have commenced an action against Andrew Bengtson and others, to enforce a mechanic's lieu for $225.87 upon the west thirty feet of lot 25, block 4 of Syndicate Addition No. 4. John S. Sepp has sued Edward Carlton and his sureties on a bond for doing work at constructing sewers for the city, to recover $349.91 on account of laborer's wages, which have been assigned to him. The Ryan Drug company has sued the Huron Hotel company, of South Dakota, to recover $823 for merchandise sold, and has garnished funds in the hands of the American Building and Loan Association. Judge Cornish has filed an order granting Anna Sandberg a divorce from Andrew Sandberg, and giving her the custody of the child Gustaf. She is also given permission to resume her maiden name, Anna Elmgren. Col. J. M. Howard, of Litchfield. was a caller upon Bank Examiner Kenyon at the capitol yesterday. and perfected arrangements for the of ening on Jan. 1 of the Bank of Litchfield, with capital $25,000. Col. Howard will be president, and T. F. McClure cashier. A concert was given last evening at Epworth M. E. church, Aurora avenue and Mackubin street, which drew a large audience. An excellent programme was presented, including a number of violin solos executed very skillfully by Master Raymond Shryock, of Minneapolis, who was accompanied by his father, Prof. J. W. Shryock. The concert was under the auspices of the Epworth league and in aid of the church. The supreme court yesterday heard the following cases: Mary Canton, respondent, vs. Eastern Railway Company, appellant. Kutnsoff N. McFee et al., respondents. VS. Margaret Horam, appellant; Benjamin Densmore et al., respondents, VS. Red Wing Lime and Stone Company et al., defendants, Henry S. Shepherd et al., appellant; The City of Duluth, respondent, VS. The Duluth Gas and Water Company, appellant-all argued and submitted.

2. January 18, 1891 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, January 18, 1891

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MINNEAPOLIS GLOBULES. The bank clearings for yesterday were $906,902,38. The boy William Mayher, arrested yesterday for stealing wheat, was sent to the reform school. Rev. S. W. Sample will preach at Harmonia hall to-day. Subject, "I." Miss Maud Ulmer will render a solo. George Kennan will visit Minneapolis early next month and deliver two illustrated lectures on Siberia. George Janovee yesterday withdrew a charge of assault and battery he made against Thomas Keohl. Dr. Frank Burton has been appointed general surgeon of the St. Louis road. His office will be in Minneapolis. William Mayher was arrested yesterday morning,charged with stealing three sacks of wheat from a car in the Milwaukee yards. Ex-Traffic Manager Alexander, of the Great Notthern, has been appointed president and general manager of the Eastern Minnesota. T. W. Emery, of this city, has invented and patented and improved coal and grain chute. The invention is said to be a practical one. I. D. Nicol, the saloonkeeper, decided not to appeal against the fine of $100 imposed on him by Judge Mahoney for keeping a disorderly house. Building Inspector Hazen yesterday swore out a warrant against I, Jacobson for violating the building laws. Jacobson's trial is set for Jan. 19. Rev. J. W. Dunkee vesterday made a complaint that a notorious "blind pig" was being run on Bloomington avenue, just off of Franklin avenue. Mrs. Scott, of Bloomington township, lost a roll of bills amounting to $900 on Nicollet avenue yesterday afternoon. The loss was reported to the police. This afternoon the people's meeting will be held for the last time at Harmonia hall. Rev. S. W. Sample will speak on "I," and Miss Maud Ulmer will sing. Prof. George McLean gave his weeklv lecture Friday evening in the library building before a good-sized audience. The subject of the lecture was "English Poetry and Prose." "Scrap Iron Bill" has returned from a four months' lecturing tour through Iowa. Tomorrow night he will lecture at the Lake Street M. E. church. Five years ago Bill organized this church. Dr. Frank Burton. county physician. has been appointed general surgeon of the Minneapolis & St. Lonis road. and has just returned from a trip over the road, reorganizing the medical department. The First Scandinavian Church of Minneapolis filed articles of incorporation with the secretary of state yesterday. The board of directors are Aelmen L. Filler, A. Anderson Okelburg and Oiaf A. Strand. Hector Pflaum, of La Crosse, Wis., was in Minneapolis yesterday searching for his son Charlie, eight years old, who disappeared last Thursday. The father thinks the boy got on a freight train and came to Minneapolis. Judge A. H. Young was vesterday appointed receiver of the bank in Litchfield of which the late H. S. Branham was cashier. by Judge Pond. The bank's liabilities are between $50,000 and $100,000. Assets not known. Charles Hundstack, a veteran member of the Minneapolis fire department. who joined the old volunteer fire company almost eighteen years ago, and has been in the service ever since, is seriously ill at his home, 815 Third street north. John Goodnow denies that he managed the deal by which Attorney Elliott became judge of the municipal court. The matter was referred to the Hennepin delegation by Gov. Merriam, and did not originate with the state central committee. Louis Lebetsky, a miserable-looking, undersized mortal living in Northeast Minneapolis, was charged yesterday with being drunk and beating his wife and children. Lebetsky had just come out of the workhouse after doing twenty days for' a like offense, and Judge Mahoney sent him back to do thirty more. A pleasing announcement to the public will be the early presence in Minneapolis of H, H. Ragan, who will deliver a series of five of his celebrated illustrated lectures. The introductory lecture is to be on Alaska. This is entirely new, and is attracting a great deal

3. January 20, 1891 The Times Richmond, VA

Article from The Times, January 20, 1891

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to the sea King, and Captain Bethell WHB OI dered to pay the damages, This the captain refused to do. and one night he shipped his auchors and silled for San Francisco, A Pe: ruvian man-of war was sent in pursuit, but the -ea King eluded her. Fire broke out at 2 o'clock Monday morn ing in the Ave-story brick building occupied by Walbridge & Co., Bhifalo, as a general hardware store. and in less than twenty minutes the whole building and its immense stock valued at $200,000, was destroyed. The cause of the fire is unknown, The escape of some of the firemen from failing walls was almost miraculous, The total loss is about $225,000. The insurance will cover over $200,000. Mr. Walbridge will rebnild. Valley Station, Col. is greatly excited over the noding of the body of Ranchipan Beardslay in his cabin on Saturday with a bullet-hole thr ough his brain. Beardsley had been dead several days. and is supposed to have been assassinated by Ben Booyer, a negro. who had been having questionable relaions with a white woman and was exposed by Boardsley, The latter was from New York If Booyer is caught he will be lynched Between four and five hundred pounds 0, opium. valued at about $7.00 was seized at the Broadway wharf. Oakland, Saturday, while being taken aboard a ferryboat for San Francisco in an express wagon. The driver of the wagon said ne had been directed by 8 man giving the name of Henry Rule, to bring the opium to this city, where the latter would alspose of it. William Bugbee, a farmer. of Lyme, Connecticut. eat some poison alder recently and drew it. together with other cordwood, to his kitchen woodpile. One stick of the poisonous wood WPS put into the kitchen blove, and the noxious fumes of the burning stick overpowered both the farmer and his wife, A physician h d a hard struggle to save Mrs. Bugbee's life. Secretary Noble, in speaking of the Indian situation. Sunday, said he believed the Indians had no legitimate use for fire-arms and therefore should be required to dispose of them He proposed to give the hostile sioux all opportunity as well as an incentive 10 earn his own living. Rumors are afloat that the Chicago, Milwaukie and St. Paul railroad telegrapti operators strike will extend to the Alton and the Illinde Central Nothing definite can be ascertained as to the intentions of the operators on either road Mrs. Mollie Barry, of No. 1,003 California avenue, St Louis, Mo., gave her eight-yearold daughter Mamie, a dose of 'Hough on Rats Saturday afternoon and then took a large quantity of the same poison herself. The mother is dead and the child cannot live. The suicide of Mayor H. 8. Branham, of Litchfield, Minn while temporarily deranged. led to the closing up of the bank in Litchfield, of which Mr. Branham was the cashier. A receiver will be appointed, Lia bilities from $50,000 to $100,000; assets unknown. Ben K. Police, who was arrested in Fort Worth. Texas, Sunday, was formerly City Register of Memphis, Jenn and is a defaulter to the amount of 36.000. There are several indictments pendiogagainst him. Supreme Treasurer Krause of the Patrons of Industry, of Port Huron, Mich,, is $1,400 short in his accounts He says that he used the money in establishing the organ of the order. He promises to repay the amount If given time. Mis Wilbur Barker, teacher at the BassettStreet Public School, in 8 racuse, N. was shot Ave times yesterday by her husb end in the class.r om. Jealousy was the cause of the sho ung. The regular annual meeting and banquet of the Society of the A rmy and Navy of the Confederate states in Baltimore was largely attended. The meeting was held at the Confederate headquarters. The Democrate of the Pennsylvania House and Senate, in joint caucus, nominsted Chauncey F. Black for United States senator last night The First National Bank of Texarkana Ark. which suspended last November, reopened Monday. William M, Evarts was renominated the Senate by the Republican caucus at Albany last night. Demoeratic members of the Indiana Legislature have nominated Senator Voorhees by acclamation to succeed himself. The Republicans nominated G overnor A. P. Hovey, The treachery of the whites in murdering old Few Talls and wounding his squaw came very near ruining General Miles, plans, and greatly complicated the situation,

4. January 25, 1891 Pittsburg Dispatch Pittsburgh, PA

Article from Pittsburg Dispatch, January 25, 1891

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LATE NEWS IN BRIEF. -A drug trust is in prospect. -A. Harris, & Jewish rabbi, fell dead in his pulpit at Richmond yesterday. -The efforts of the Earl of Aberdeen to settle the Caledonian Railway strike have failed. -A straw Presidental vote proved that the Alabama Legislature is practically unanimous for Cleveland. -Hamilton, ex-County Clerk at San Diego, Cal., whose accounts were nearly $5,000 short, has been arrested. -An avalanche buried several workmen on a French railroad. Three of them were probably fatally injured. -The London Chronicle denies that the Imperial Government has interfered in negotiations between Canada and the United States. -It is rumored that Mr. Furness, the newlyelected Gladstonian Member of Parliament, will be unseated on the charge of improperly influencing votes. -Miss Mamie Smith, under arrest at Denver for attempting to pass a forged check, died of pneumonia Friday night. She was a mônomaniac in her branch of crime, and was very wealthy. -The reason that President Branham committed suicide has transpired that his bank at Litchfield. Minn., is insolvent. Liabilities, $150,000, with less than $10.000 for depositors. A receiver has been appointed. -Thel "Cannonball" on the Illinois Central, near Miadleburg, was thrown completely off the track by a broken rail. at a speed of 40 miles an hour. The coaches remained right side up and no one was seriously injured. -The mystery surrounding the death of F. W. Farnham in a hotel at Poplar Bluffs, Mo., creates suspicion. He was attacked by a sort of brain disease which rendered aim insane. He became unconscious and died two days after the malady attacked him. -A bill has been filed by James B. Smith and others, involving the Traders' Safe and Trust Company, of Chicago, and alleging a conspiracy among some of the directors against the stockholders. The capital stock of the Traders' Safe and Trust Company is $400,000, and it is said that the only showing the company can make is the building, which is worth $150,000. A charge is made that $100,000 realized from a subsequent sale of bonds has faded from view, and that large sums of money have been fraudulently appropriated.

5. January 26, 1891 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, January 26, 1891

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CONDENSED TELEGRAMS. A drug trust is in prospect. A. Harris, a Jewish rabbi, fell dead in his pulpit at Richmond yesterday. The efforts of the Earl of Aberdeen to settle the Caledonian railway strike have failed. A straw Presidential vote proved that the Alabama Legislature is practically unanimous for Dieveland. Hamilton, ex-County Clerk at San Dirgo, Cal., whose accounts were nearly $5,000 short, has been arrested, An avalanche buried several workmen on a French railroad. Three of them were probably fatally injured. The London Chronicle denies that the Imperial Government has interfered in negotiations between Canada and the United States, It is rumored that Mr. Furness, the newly elected Gladstonian Member of Parliament, will be uneeated on the charge of improperly influencing votes. Miss Mamie Smith, under arrest at Denyer ior attempting to pasa a forged check, died of pneumonia Friday night. She was a monomanisc in her branch of crime, and was very wealthy. The reason that President Branham committed suicido has transpired that his bank at Litchfield, Minn., is insolvent. Liabilities $150,000, with less than $10,000 for depositors. A receiver has been appointed. The "Cannonball" on the Illinois Central, near Middleburg, was thrown completely off the track by a broken rail, at s speed of 40 miles an hour. The coaches remained right sids up and no one was seriously injured. The mystery surrounding the death of F. W. Farnham in a hotel at Poplar Bluffs, Mo, creates suspicion. He was attacked by a sort of brain disease which rendered him insane. He became unconscious and died two days after the malady attacked him. A bill has been filed by James B. Smith and others, involving the Troderal Safe and Trust Company, of Chicago, a some and the directors alleging against conspiracy the among stockholders. of The capital stock of the Traders' Safe and Trust Company is $400,000, and it is said that the only showing the company can make is the building, which 18 worth $150,000. A charge is made that $100,000 realized from a subsequent sale of bonds has faded from view, and that large same of money haye been fraudulently appropriated.