Citizens Bank - Minneapolis, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 25, 1896
Location: Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model: gpt-5-mini
Short Digest: 41b04ce0

Response Measures

None

Description

Newspapers (Jan 25 and Feb 8, 1896) report the Citizens' Bank of Minneapolis had failed/recently suspended and the District Court ordered enforcement of the double-liability law with a large assessment of stockholders. No article describes a depositor run or a reopening; descriptions indicate failure/close and court action, so classify as suspension leading to closure. OCR corrected 'Mineapolis'->Minneapolis.

Events (2)

1. January 25, 1896 Other

Newspaper Excerpt: The affairs of the Citizens' bank of Mineapolis, which failed recently, are said to be in bad shape. It is thought creditors will get a little over 25 cents on the dollar.
Source: newspapers

2. February 8, 1896 Suspension

Cause: Government Action
Cause Details: District Court ordered enforcement of the double-liability law in the suspensions; stockholders assessed (86% in Citizens' case).
Newspaper Excerpt: Minneapolis, Feb. 8.-The District Court has ordered the enforcement of the double liability law in the suspensions of the State and Citizens' banks.
Source: newspapers

Newspaper Articles (2)

1. January 25, 1896 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, January 25, 1896

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Article Text

# BRIEF BITS OF NEWS. A detective now in Chicago says that all of H. H. Holmes' alleged victims are alive. Mayor Walbridge of St. Louis has announced his willingness to run for governor. General Duffield has pointed out to congress the necessity of soon marking the Alaskan boundary. The December statement of the Kansas national banks showed that they had heid a reserue of 32.23 per cent. The second annual convention of the North Dakota Dairymen's association will be held at Lisbon, Feb. 13 and 14. Emperor William has appointed Prince Bismartk a knight of the order of Pour le Merito in science and art with voting power. Albert Tollis, who choked his child to death at Brook, Ind., narrowly escaped the vengeance of a mob. He was spirited away by the officers. Charles Edward Tracey, a prominent New York lawyer and former partner of President Cleveland, died at Colorado Springs of consumption. Robbins & Sons of Horace, Ind., prominent shorthorn breeders, are charged with having made fraudulent entries at the Illinois state fair. The affairs of the Citizens' bank of Mineapolis, which failed recently, are said to be in bad shape. It is thought creditors will get a little over 25 cents on the dollar. Fire in the old Chicago stock exchange, Dearborn and Monroe streets, caused a panic among occupants of the building. All were resued without serious injury. The Cherokee delegation have presented to congress a strong memorial protesting against the adoption of the radical changes recommended by the Dawes commission. Ambussador Bayard has sent Queen Victoria a message from President Clevelaed expressing sincere condolence with her majesty on the death of Prince Henry of Battenberg. Louis Bull, son of Sitting Bull, tried to commit suicide by hanging in the Mandan jail. He made the rope by tearing up his shirt. He was cut down just in time to save his life. An electric car on the Knoxville street railway and a switch engine on the Southern railway collided at a crossing at Knoxville. Several persons were injured, two perhaps fatally. A woodchuck of large dimensions has been discovered in the new North Dakota code. Every school treasurer in the state must publish his annual report in full in the newspaper nearest his district. ATE

2. February 9, 1896 New-York Tribune New York, NY

Article from New-York Tribune, February 9, 1896

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Article Text

Mrs. Winslow's Soothing Syrup has been used for over FIFTY YEARS by MIL LIONS of MOTHERS FOP. THEIR CHILDREN WHILE TEETHING with perfect SUCCESS. It SOOTHES THE CHILD. SOFTENS THE GUMS, ALLAYS ALL PAIN, CURES WIND COLIC, and is the BEST REMEDY FOR DIARRHOEA. Sold by druggists in every part of the world. Twenty-five Cents a Bottle. the judgment creditors, has already taken possession of the property here. The office of the company in New-York has been taken possession of by W. P. Butler, an attorney. Minneapolis, Feb. 8.-The District Court has ordered the enforcement of the double liability law in the suspensions of the State and Citizens' banks. There is a deficit of $221,000 in the former case, and the stockholders will be assessed 86 per cent in the latter case, Dayton, Ohio, Feb. 8.-The R. M. Connable Company, manufacturers of overalls and heavy clothing. capital stock $125,000, assigned here last night to B. F. Hershey for the benefit of creditors. The assets and liabilities are not stated, but the failure is said to be a bad one.