9684. Mapleton State Bank (Mapleton, MN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 5, 1893
Location
Mapleton, Minnesota (43.929, -93.956)

Metadata

Model
gpt-5-mini
Short Digest
30684790

Response Measures

None

Description

Multiple newspapers (Aug 5–7, 1893) report 'The Mapleton bank also closed today.' Comptroller intervened and instructed agents to take charge and urged speedy resumption; banks said to be solvent, so suspension with expected reopening. No specific depositor run is described in the articles.

Events (1)

1. August 5, 1893 Suspension
Cause
Local Banks
Cause Details
Closed at same time as other regional banks (three banks in Mankato and related local bank closures); part of regional banking distress rather than bank-specific insolvency; Comptroller called suspensions unwarranted and banks solvent.
Newspaper Excerpt
The Mapleton bank also closed today.
Source
newspapers

Newspaper Articles (4)

Article from Morris Tribune, July 5, 1893

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Article Text

MINNESOTA NEWS. have mills started The Pipestone tow Tracey to cost $25,000. up. will have a new school build- onhas ing, The State the goldenrod Historical as society whipped thestateflower. Billy and stock Hawkins dorsed Charley at Minneapolis Johnson is to in increase six rounds. its The Mapleton reorganize bank on the national 1 July plan. unless St. Paul they plasters get $3.50 will per strike eight hours Episcopal church work. Bishop has Gilbert gone to of Europe the for his shot health. Chaska John Rodmaker Wonyohu boys, was who At killed by the a wolf or bear. the mistook and him for sent to Leech an Indian Lake by Snell- at Dr. at Walker, time The of soldiers see the have shooting returned of to Fort MinmalJohnson-Hawkins ing. neapolis, The Twin has City given Athletic fiasco up the was club, ghost. the The last straw. of corrupt conduct brought and against fire Chief Runge feasance Charges have of been the Minneapolis at duties department. collection of amounted customs to collected $14,000. the were The $215,021.82 for St. The Paul internal for June revenue taxes elevator Duluth governor, The plans by the will be for and have proposals been approved at for once. the erection treasurer for advertised The report of credit the state balance funds. of $2,017,- The retax funding $3,689.54. June 809.93 shows to the a fund various has been overdrawn has pronounced allow Minneapolis the The law supreme passed unconstitutional. court issue last winter additional to It court was held house bonds to be special legislation. respective districts state The judges are of the meeting secure the a uni- the of capitol. the state The practice object is throughout of 1878. state, formity Jacob according Martin, of five to a the farmer times law at living John Ditt- near The cause to Morgan, shot Dittburner's residence. divorce Martin granted burner of near the shooting from Dittburner's exrange Mesaba daughter. The survey the Duluth of the and Iron miles Range, west tension of the main line is three about completed. be deleaving Two Harbors, will probably a of The construction finances are easier. sumferred until Nichols .has prepared lands of the district. in the 26,880 Itasca, mary Register county Duluth unsold 469,080: government acres; 1,207,690. There 1,587,290; Carlton, are in and Aitkin 5,360; Cook, St. Louis, fair 787,580; world's auditorium On account down of Chautauqua Lake, breaking of no the Waseca the will be there the will be A new auditorium and next year this year. at a cost of $5,000 be in full swing. of built the assembly will convention at Fari- the In the diocesan Episcopal to church hold the next of Protestant it was voted Paul. A committee concernthe bault in St. to canvass diocese to five council was endowment appointed ted of a new be soon ing report It is next likely in year. the that courts suits stockholders of will Kandiyohi Elevator in brought to com Scandinavian the the conthe defunct to pay the debts H. White, cern, as unable to company the assignee, find any assets. county been George bank, of Hinckley, another has The Pine doors County recently, County and bank at its Pine The banks has W.H Grant in the were said that the amounted to $58,000. Sandstone closed branch Sereowned of the by closed deposits also. & Son. Pine still is bank dog scare is calves The Newport fine pair of Jersey of the died dison. County both A showing mad symptoms of these twin calves which here, are The mother of the disease animals lease. a week ago SO many of the to be rabies. to preaffecting which is supposed being taken and the Paul vent Every precaution spread is disease. court at St. In the the United Ole o. States Ostrum obscene was found letter through her teens, of sending to Elsie at Elbow Saturday, guilty girl in the mails on-e-bi-nance residing an liquor to Paulson, was a fellow Cam- con- to eron high Indian. victed Lake. pleaded of Charles guilty Cadotte of selling and John liquor school at the Indians. A meeting consisting of the of Governor state Superintendent e university Nelson, tendent board, Kiehle, President was Northrup held and The state principal election of mat an Thursday was the school inter be known as will high be to of visit the officer to His work direction once every George high year, school and to report B. Aiton to the is the first every spector. school board under at least board. Pro- in-


Article from St. Paul Daily Globe, August 6, 1893

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Article Text

THE MANKATO BANKS. They Will Probably Open Up Very Soon. Special to the Globe. MANKATO, Minn., Aug. -The closing of three banks in this city has been the sole topic of conversation today. Everything is quiet, and anxious ones are awaiting developments. John F. Meagher, president of the National Citizens' bank, has received the following telegram from Comptroller Eckels: Washington, D. C., Aug. 5.-To J. F. Meagher, President of the National Citizens' Bank: Your telegram received, and I have instructed E. C. Springer, of St. Paul, to go to Mankato and take charge of the suspended banks. Later I will send him further assistance. I have instructed him to render every assistance looking towards speedy resumption of the banks of your city, and to retain in his employ all necessary help from the various banks. I shall expect the bank officials to aid him in every manner. JAMES H. ECKELS, Comptroller. Marston, Larson & Davis, bankers at Lake Crystal, closed their doors this morning, but are solvent. The Mapleton and St. James banks both closed today. The Mankato Savings Deposit bank is all right, and will likely continue business as heretofore. WASHINGTON, Aug. 5. - E.C. Stringer, of St. Paul, was yesterday appointed to assume charge of the suspended national banks at Mankato. Comptroller Eckets has also notified the banks that he expects them to resume in the near future. He says they are solvent and intimates that their suspension was unnecessary.


Article from The Sun, August 6, 1893

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Banking Tronbles, LEON. Ia.. Aug. 5.-The Decatur County Banking Association. the oldest concern in southern Iowa, including branch banks at Davis City and Garden Grove, suspended this morning. Assets, $471,000; liabilities. $315,000. T.S. Arnold has been named as assignee. It is believed that the embarrassment is only temporary. and that the depositors will be paid in ull. NEW BEDFORD. Aug. 5.-The New Bedford Safe Deposit and Trust Company closed its doors to-day. It was incorporated in 1888 with capital stock of $200,000. No statement has as yet been given out. It is officially said that depositors will be paid dollar for dollar. SPARTA. Wis., Aug. 5.-M. A. Thayer, operating banks at Sparta and Tomah. made an assignment yesterday. Depositors will receive about 60 cents on the dollar. The Waupaca National Bank is expected to resume in a few days. MANKATO. Minn., Aug. 5.-Marston. Larson & Davis, bankers at Lake Crystal. closed their doors this morning. but are solvent. The Mapleton bank also closed to-day. The Mankato Savings Deposit Bank, the only one left in this city. will likely continue business as heretofore. Comptroller Eckels telegraphed the Presidents of the three national banks to day that he considered their action in closing yesterday unwarranted. E. C. Stringer of St. Paul has been put in charge of them.


Article from St. Paul Daily Globe, August 7, 1893

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Article Text

THE MANKATO BANKS. They Will Probably Open Up Very Soon. Special to the Globe. MANKATO. Minn., Aug. 5.-The closing of three banks in this city has been the sole topic of conversation today. Everything is quiet, and anxious ones are awaiting developments. John F. Meagher, president of the National Citizens' bank, has received the following telegram from Comptroller Eckels: Washington, D. C., Aug. 5.-To J.F. Meagher, President of the National Citizens' Bank: Your telegram received, and I have instructed E. C. Springer, of St. Paul, to go to Mankato and take charge of the suspended banks. Later I will send him further assistance. I have instructed him to render every assistance looking towards speedy resumption of the banks of your city, and to retain in his employ all Decessary help from the various banks. shall expect the bank officials to aid him in every manner. JAMES H. ECKELS, Comptroller. Marston, Larson & Davis, bankers at Lake Crystal, closed their doors this morning, but are solvent. The Mapleton and St. James banks both closed today. The Mankato Savings Deposit bank is all right, and will likely continue business as heretofore. WASHINGTON, Aug. 5.-E.C. Stringer, of St. Paul, was yesterday appointed to assume charge of the suspended national banks at Mankato. Comptroller Eckels has also notified the banks that he expects them to resume in the near future. He says they are solvent and intimates that their suspension was unnecessary.