9685. Mapleton State Bank (Mapleton, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 24, 1896
Location
Mapleton, Minnesota (43.929, -93.956)

Metadata

Model
gpt-5-mini
Short Digest
a42f59f2

Response Measures

None

Description

Newspaper dispatches (dated Sept. 24, 1896) report J. E. & C. H. Brown, proprietors of the Mapleton Bank, made an assignment (insolvency) with assets $141,000 and liabilities $100,000. Cause cited: advancing large sums to erect a new block (bank-specific bad investments). No run on the bank is mentioned. Assignment implies failure/closure; receivership/assignment was made to Sewall H. Whitney.

Events (2)
1. September 24, 1896 Receivership
Newspaper Excerpt
made an assignment yesterday to Sewall H. Whitney, of Mapleton (assignment/receiver).
Source
newspapers
2. September 24, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank made large advances to erect a new block, producing insolvency and leading to assignment.
Newspaper Excerpt
J. E. & C. H. Brown, proprietors of the Mapleton Bank, made an assignment yesterday to Sewall H. Whitney, of Mapleton. their assets $141,000 and liabilities $100,000.
Source
newspapers

Newspaper Articles (3)
1. September 25, 1896 New-York Tribune New York, NY
Article from New-York Tribune, September 25, 1896

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Article Text

BUSINESS EMBARRASSMENTS. Boston, Sept. 24.-The National Shoe and Leather Exchange announces the failure of Burpee, Rumsey & Co., shoe manufacturers, of Lynn. An assignment was made to B. N. Johnson, of Boston, and Frank K. Spalding, of Spalding & Bliss. The firm did a business of between $600,000 and $800,000. The Exchange also announces that the Redpath Brothers' Manufacturing Company, manufacturers of boots and shoes, of Lynn, and wholesale boot and shoe dealers at No. 146 Lincoln-st., Boston, has assigned to Frederick N. Tirrell. Milwaukee, Wis., Sept. 24.-The church-goods store of the Hoffman Brothers' Company, the oldest one of its kind in the city, was closed by the Sheriff yesterday. The firm has confessed judgments docketed against it amounting to $27,533 93. Mankato, Minn., Sept. 24.-J. E. & C. H. Brown, proprietors of the Mapleton Bank, made an assignment yesterday to Sewall H. Whitney, of Mapleton. their assets $141,000 and liabilities $100,000. The cause of the failure is given out as being the advancing of large sums to erect a new block in Mapleton. Detroit, Sept. 24.-H. W. Richardson. doing bustness as the Mammoth Drygoods Company, filed chattel mortgages this morning aggregating $20,000 for the benefit of his creditors. Buffalo, Sept. 24.-Philip Becker & Co., of this city, have secured an attachment against Jonathan Clark & Sons' Company, of Chicago, for $17,219 04 for glass furnished in the construction of the Elltcott Square Building. The attachment was served on the Ellicott Square Company to-day, to block payment of a balance due the Clarks until the pending suit is settled. Chicago, Sept. 24.-A bill for the appointment of a receiver for the Farmers' Trust Company of Iowa has been filed in the Superior Court here. The complainants are Julia C. Rogers, Carolina M. Hobbs, Frank F. Holmes, Emil Wallber, guardian of the estate of Clara A. Schoff: Harriett E. Schoff, William Schoff and others, who are owners of bonds and stock of the company. Judge Payne appointed the Title Guarantee and Trust Company receivers. The company was incorporated with a capital stock of $1,000,000. Rockwell Sayer has been president since its formation, and the complainants say he has managed the business mainly for his own profit. The company, it is alleged, has been insolvent during the present year. In the Circuit Court Julia C. Rogers began a damage suit against Sayer and Treasurer Niggemeyer for $25,000.

2. October 1, 1896 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, October 1, 1896

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Article Text

STATEMENTS NT Gen. Wodfin, governor of the Soldiers' Home at Hampton, Va., died Thursday. Camden City Council Thursday night troller. elected Col. Samuel Hufty city comp. The Rov. Peterson M. Randolph of Cape May Court House died Thursday, 89 pers The session of the Odd Fellows' Sovereign Grand Lodge next year will TII u! Pleq eq Emma Ashley, charged with attempt to murder E. J. Baldwin, a millionaire horseman, has been acquitted. The body of F. B. Bickford of Lock Haven. Pa, was found drowned in the Delaware river at Camden Thursday. Col. W. D. Farrand. who was United States consul at Cailao, Peru, under Gen. Grant's administration, is dead. The branch headquarters of the Silver Democratic National Committee Washington, D. C., have been closed. The fusion agreement between the Populists and Democrats in Kentucky gives the Populists two of the electors. The new public library at Kennett Square, erected as a memorial day. Bayard Taylor, was dedicated Thurs Judge Payne, in Chicago, Thursday, appointed the Title Guarantee and Trust Co. receiver for the Farmers' Trust Co. of Iowa. The National Shoe and Leather Exchange at Boston, Thursday announced the failure of Burpee, Rumsey & Co., JO eoqs The State Convention of the Georgia Sound-Money Democrats Wednesday, nominated an electoral ticket and denounced the Chicago nominees. A Mankato. Minn., dispatch says that Jo producters Brown H O y I T the Mapleton Bank, have assigned. Assets, $141,000; liabilites, $100,000. The body of the drowned man found at Washington Park, N. J., Sunday was Wednesday identified au that of Abraham Greenspan of Philadelphia. Receivers were appointed in New York and Jersey City Thursday for the € Richards Co., women's outfitters. The ( liabilities are $110,000 and the assets '000'09$ 3 I John Bardsley, accompanied by wife, went to Jay Cooke's fishing cabin in the wilds of Lycoming county. Pa., Thursday to rest until his health shall be restored. In New Orleans yesterday the liquidao tors of the Bank of Commerce reported to the court that they bad discovered grave irregularities of the management, I including overdrafts amounting 000'008$ The will of the late Enoch Pratt € filed in Baltimore Wednesday. The bulk of the estate is left to the Sheppard à Asylum, the name of which is to changed to the Sheppard and Enoch Pratt Hospital. I Judge George Denny of Lexington + says he is going to get the Republican nomination for Congressman from the B Seventh Kentucky district and a not withdraw Breckenridge. in favor of Col. W. C. Demetrio Cortez Citriano Estroda E o and Jose Salazar are in custody at e Paso, Tex., charged with having violated the neutrality laws by or ganizing an armed expedition for the invasion of Mexico. : At the meeting of the New York State Democratic Committee, Tuesday week, John C. Sheehan made an effor to assert his power as a State boss, was beaten by Senator Hill. The latte stood by John Boyd Thacher. William E. Giadstone has written B to a French newspaper that the tan's diplomatic triumph over the A Powers, by which he is permitted : is continue the massacre of Christians, without a parallel in history. I Dispatches from Milwaukee say that 0 the troubles between the Northern E Pacific, the Wisconsin Central and [ Chicago & Northern Pacific have beer I amicably settled and that the last. e named road will be sold at auction. I Russian engineers are supervising the work of repairing the docks workshops at Port Arthur. It is I I lieved that the results of Li Hung 0 Chang's entente with Russia, on behalf B of China, will shortly be displayed. D The Utah Silver Republicans and Democrats each held State convention J Thursday. The former endorsed the Á Bryan and Sewall electors. The regular Republican convention was also held and nominated. McKinley and Hobart electors were S The Treasury Department has dis missed William Springer and John J Port Terney, Huron. deputy Mich collectors of customs

3. October 14, 1896 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, October 14, 1896

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Article Text

Domestic. Elizabeth S. Mead, President of Mount Holyoke College, South Hadley, Mass., issued an appeal for money with which to replace the buildings recently burned. Governor Morton, of New York. appointed a Board of Examiners for horseshoers. Miss Nellie Hannon was waylaid and robbed by a highwayman in a wood in the annexed district, New York City. Commissioner Waring, of the Street Cleaning Department, returned from Europe after a tour of inspection of leading cities, convinced that New York is one of the cleanest cities in the world. William Jennings Bryan made speeches in Harper's Ferry, Martinsburg and other cities in West Virginia, and arrived at Grafton. Major McKinley addressed delegations from Centre County, Pennsylvania, which called on him at Canton, Ohio. George H. Morrison, Treasurer of Rensselaer County, New York, was rearrested on the official declaration that the shortage in county funds would reach nearly $250,000. A Republican mass meeting at Carnegie Hall, New York City, was addressed by Frank S. Black, Republican candidate for Governor; Senator Lodge, of Massachusetts; Timothy L. Woodruff. Benjamin F. Tracy and Edward Lauterbach. Two delegations, one of old constituents in Ohio and one of colored clergymen and Conference delegates, called on Major McKinley at Canton. William J. Bryan arrived in New York City after making speeches at several places in New England; he spoke to large crowds in the evening at Paterson and Newark, New Jersey. Arthur Sewall accompanied him. William J. Bryan reached Arthur Sewall's home in Bath, Me., and received there a greeting as hearty as any given him during his campaign trips. Mrs. Eliza Griffin Johnson, the widow of General Albert Sydney Johnson, died in Los Angeles, Cal., at the home of her son-in-law, United States Attorney Denis. She was seventy-four years old. Her former home was in Kentucky. A building in Worcester, Mass., from which floated an anarchist flag with William J. Bryan's picture oh it, and which was seen by the candidate, was burned under mysterious circumstances. The big elephant on Coney Island was burned to the ground. Two robbers with pistols held up the cashier of the Western Foundry Company, in Chicago, forced him to hand over $1600 and escaped, in spite of a hot pursuit during which many shots were fired at them. The Clermont Avenue Rink in Brooklyn was packed with an enthusiastic audience which heard speeches by Chauncey M. Depew, J. Franklin Fort and others. James Smith, an engineer, fall on a revolving saw in New York City and was cut in halves. The faculty of Yale refused to say whether they will takeany official action on the antiBryan demonstration by the students. Sentiment in New Haven condemns the disturbers. Generals Palmer and Buckner spoke in Baltimore. J. E. and C. H. Brown, proprietors of the Mapleton (Minn.) Bank, made an assignment. Their assets are $141,000 and liabilities $100,000. The cause of the failure is said to be the advancing of large sums to erect a new building in Mapleton. David Cummings Sprague, a conspicuous resident of Rahway, N. J., and the father of Frank Sprague, the electrician, was killed instantly by the New York express near the Poplar street crossing of the Pennsylvania Railroad. The launching of the new steel steamer James Watt, the first of the Rockefeller fleet, and the largest ship on the lakes, was made a society event at Cleveland, Ohio. More than 3000 persons were present at the yards of the Cleveland Shipbuilding Company. The private banking firm of George P. Bissell & Co., of Hartford, Conn., which has been in existence since 1854. has suspended. Sherry's bathing pavilion at Narragansett Pier, R. L, considered the finest structure of its kind on the coast. was totally destroyed by a fire, supposed to be of incendiary origin. The loss will reach between $50,000 and $60,000. The resignation of Senator James Smith as Chairman of the Democratic State Committee of New Jersey, has been accepted and a new leader has taken his place in the per son of Colonel E. L. Price, of Newark, a silver man and a supporter of Bryan and Sewall. Eugene C. Gregory, aged twenty-four, a Yale College student, was found to have committed suicide by inhaling illuminating gas at his father's residence, New York City. He was the son of wealthy parents. A tendency to hypochondria, caused by overstudy, is given as the cause of the suicide.