Bank of New England - Minneapolis, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 7, 1905
Location: Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model: gpt-5-mini
Short Digest: 473c6d03

Response Measures

None

Description

Article (Dec 7, 1905) refers to the Bank of New England as insolvent and mentions a receiver (Clarence H. Childs) and a judgment against the principal stockholder. The text does not explicitly describe a depositor run, but the appointment of a receiver indicates the bank was closed/insolvent. Classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (1)

1. December 7, 1905 Receivership

Newspaper Excerpt: Alden J. Blethen must appear ... brought by Clarence H. Childs as receiver for the collection and enforcement of a judgment ... The suit was begun last spring, the plaintiffs alleging that they were stockholders in the insolvent Bank of New England, which had been founded by Blethen, of which he was president, and in which he held the majority of the stock.
Source: newspapers

Newspaper Articles (1)

1. December 7, 1905 The Seattle Star Seattle, WA

Article from The Seattle Star, December 7, 1905

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Article Text

# SUED FOR # FORTUNE Alden J. Blethen must appear in the superior court of King county and defend himself against a civil suit for $37,888.96, brought by Clarence H. Childs as receiver for the collection and enforcement of a judgment granted in the district court of Hennepin county, Minnesota, and a list of 100 creditors. This was made public this morning by a remittitur from the state supreme court, which, although signed on September 30, was only filed in the superior court today. The remittitur reverses the superior court in its decision that Blethen is freed from the debt alleged under the statute of limitations, and remands the case to the lower court for regular trial. Founded Bank. The suit was begun last spring, the plaintiffs alleging that they were stockholders in the insolvent Bank of New England, which had been founded by Blethen, of which he was president, and in which he held the majority of the stock. They allege further that in 1897 the Hennepin county court had awarded judgment for $37,888.96 against Blethen as principal stockholder in