9724. Columbia National Bank (Minneapolis, MN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4739
Charter Number
4739
Start Date
December 30, 1896
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini
Short Digest
f1db04c1

Response Measures

Borrowed from banks or large institutions, Full suspension, Books examined

Other: Receiver later appointed; legal actions pursued against stockholders and debtors.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-14
Date receivership terminated
1900-01-22
OCC cause of failure
Losses
Share of assets assessed as good
34.4%
Share of assets assessed as doubtful
46.2%
Share of assets assessed as worthless
19.4%

Description

Contemporary articles report heavy withdrawals/runs Dec 29-30, 1896, the bank failed to open its doors and a Deputy Comptroller took charge; a receiver was later appointed (Jan 14, 1897). The closure appears permanent (receiver, litigation, collection actions). Cause attributed to heavy withdrawals prompted by failures/suspicion of other local banks and inability to borrow from its correspondent in New York; I code cause as local_banks while noting correspondent refusal aggravated funding.

Events (5)

1. May 13, 1892 Chartered
Source
historical_nic
2. December 30, 1896 Run
Cause
Local Banks
Cause Details
Heavy withdrawals following other Minneapolis bank suspensions/failures (Scandia, Washington) and general local panic; bank also could not obtain borrowing from its New York correspondent.
Measures
Bank closed/suspended; officials telephoned bank examiner and Comptroller's deputy (George M. Coffin) took charge; attempted to raise $50,000 but funds not forthcoming.
Newspaper Excerpt
The Columbia National bank ... failed to open its doors this morning ... the suspension of the Scandia yesterday and the Columbia this morning created consternation ... such a run ensued
Source
newspapers
3. December 30, 1896 Suspension
Cause
Local Banks
Cause Details
Ordered because heavy withdrawals threatened the interests of depositors; linked to runs on other local banks and inability to secure borrowed funds to meet demands.
Newspaper Excerpt
failed to open its doors this morning, and George M. Coffin, Deputy-Controller of the Currency, ... took charge. The suspension was ordered for the purpose of protecting the majority of the creditors.
Source
newspapers
4. January 14, 1897 Receivership
Source
historical_nic
5. January 14, 1897 Receivership
Newspaper Excerpt
The controller of the currency has appointed J. B. Atwater, of Minneapolis, receiver of the Columbia National Bank, of Minneapolis.
Source
newspapers

Newspaper Articles (24)

Article from The Wichita Daily Eagle, December 30, 1896

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National bank, of Roanoke, Va., and the Columbia National bank, of Minneoplis, were added to the list today. They are comparatively small institutions, however, and, under ordinary circumstances, their failure, it is said, would attract only passing attention. Mr. Eckles, when asked today by a representative of the Associated Press as to the general banking situation, said: "Of course bank failures are more or less disquieting, but those which have occurred recently have little or no general significence attached to them. They were due largely to local causes, wholly unconnected with the general condition of the bank throughout the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures today are of minor importance, in each case the bank's capital being only $200,000. As against these few failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call, that of December 17, are uniformly favorable and show an average reserve held of considerably above the 25 per cent required by law. One of the last reports, that of the Brooklyn banks, shows the average reserve held to be 34.02 per cent, and most of the reports run 5 or 10 per cent above the legal requirements. In each case, too, the assets in detail make an entirely satisfactory showing, as compared with the liabilities. On the whole, it is evident that the national banks today are as stable as they ever were, and the sporadic failure of a bank here and there through defects peculiar to the failing bank, is of small importance, wholly without general significance. "I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."


Article from The Record-Union, December 30, 1896

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/hile Heavy Runs Were Made on Others in the City. eneral Belief That the Creditors of the Van Nortwick Brothers' Bank at Chicago, Which Closed Its Doors Monday Afternoon, Will Receive Dollar for Dollar, With Sufficient Time to Realize on the Assets of the Bank. MINNEAPOLIS, Dec. 29.-The Colnbia National Bank, whose President Charles Kittleson, ex-State Treasurer, d whose cashier is Joseph Bobleter, so an ex-State Treasurer, failed to en its doors this morning, and George . Coffin, Deputy Controller of the urrency, who happened to be in the ty, took charge. Cashier Bobleter said that the liabilies, not including the capital stock, c., and including principally deposits, nount in round numbers to $247,000, hile the assets, mostly notes, amountto $450,000. He said he had no doubt e depositors would in time be paid full. The State is a creditor to the nount of $16,000 and the county out $5,000. The city had $1,200 on posit. At the present time, according to ashier Bobleter, there is $33,000 cash the vault, and $100,000 will be coleted within the next thirty days. The spension was ordered for the purse of protecting the majority of the editors. The bank's capital is $200,0 The suspension of the Scandia yestery and the Columbia this morning creed consternation among the patrons the Washington, and such a run as commenced as to compel the bank close its doors shortly after noon. epositors drew their checks directly the bank and through the clearinguse at such a rate that it was aprent that the interests of all the desitors demanded a suspension of asiness. The bank knew that its rength would be sorely strained toy, and had made arrangements to it $50,000, which would have tided it er safely, but the money was not rthcoming this morning, and after a in attempt to stand the demands shier Brecke telephoned Bank Exniner Kenyon that the officials had cided to close the bank, and asked m to take charge. Cashier Brecke stated this afternoon at aside from the matter of cash on nd the bank was in excellent shape. actly what will be done has not yelt en determined. It is quite likely that e suspension will be only temporary, the assets of the bank are in such ape, according to Mr. Breck, that $ depositors can be paid in full in a mparatively short time, and 50 cents In


Article from New-York Tribune, December 30, 1896

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MORE BANKS GO DOWN. TWO SUSPENSIONS IN MINNEAPOLIS THE COLUMBIA NATIONAL AND THE WASHINGTON SHUT THEIR DOORS-THE FAILURES START A FLURRY. Minneapolis, Dec. 29.-The Columbia National Bank, whose president is Charles Kittleson, exState Treasurer. and whose cashier is Joseph Bobleter, also an ex-State Treasurer, failed to open its doors this morning, and George M. Cofiln, Deputy-Controller of the Currency, who happened to be in the city, took charge. Cashier Bobleter said that the liabilities, not including the capital stock. etc., and including principally deposits. amount in round numbers to $247,000. while the assets, mostly notes, amount to $450,000. He said that he had no doubt but that the depositors would in time be paid in full. The State is creditor to the amount of $16,000 and the county to about $5,000. The city had $1,200 on deposit. At the present time, according to Cashier Bobleter, there is $33,000 cash in the vault, and $100,000 will be collected within the next thirty days. The suspension was ordered for the purpose of protecting the majority of the creditors. The bank's capital is $200,000. The suspension of the Scandia yesterday and the Columbia this morning created consternation among the patrons of the Washington Bank, and such a run ensued that the bank was compelled to close its doors shortly after noon. Depositors drew their checks directly at the bank and through the clearing-house at such a rate that it was evident that the interests of all the depositors demanded suspension of business The bank knew that its strength would be sorely taxed to-day. and had made arrangements to get $50,000 in cash. which would have tided it over safely. but the money was not forthcoming this morning. and after a vain attempt to stand the demands, Cashier Brecke telephoned Bank Examiner Kenyon that the off!cials had decided to close the bank, and asked him to take charge. Cashier Breck said this afternoon that, aside from the matter of cash on hand. the bank was in excellent shape. Exactly what will be done has not yet been determined It is likely that the suspension will be only temporary, as the resources of the bank are in such shape, according to Mr. Breeke, that its depositors can be paid in full in a comparatively short time. and 50 cents on the dollar within two months. In round numbers the liabilities are $500,000. and the assets $600,000. Of the latter, only $14,500 is real estate. The bank had some city deposits, $3,000 of State money and $4.000 of the county's The bank officials are: President, A. C. Haugan, who is at present City Treasurer: vice-president. K.S.E. Johnson: casnier. O. E. Brecke. The bank's loans and discounts are $507,145. Its deposits are $458,000. and its capital stock is $100,000. The announcement of the failure of the Columbia and Washington banks caused a considerable flurry at nearly all of the other banks of the city. The biggest run was on the Farmers and Mechanics" Bank, the largest savings institution in the Northwest. with deposits of over $6,000,000. This bank is said to be entirely safe. It stood a constant run of eight days during the panic of 1893. The correspondent in New-York of the Columbia National Bank, of Minneapolis, was the Hanover National Bank, the cashier of which, William Halls said: "The Columbia Bank failed because it could not borrow money. The day after the failure of the Bank of Minnesota it asked us for money. and 1+ asked '18 again the next day. but we refused The bank's account with 113 had been declining for five months, and we knew it was weak." The correspondent In New-York of the Washingfor Bank of Minneapolis was the Seaboard Na tional Bank, the vice-president of which Stuart G. Nelson, sail: "The Washington Bank was not strong It owes US $2,700. which it borrowed sixty days ago We hold $15,000 in collateral against the loan."


Article from The Saint Paul Globe, December 30, 1896

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BULLETIN OF THE ST. PAUL GLOBE. WEDNESDAY, DEC. 30, IS96. Weather for Today. Threntening; Colder. PAGE 1. Eckels Talks Encouragingly. Batavia, III., Bank Fails. Underleak for Speaker. Hanna's Word in South Dakota. PAGE 2. Albrecht Becomes Assembiyman. Pair of Attempts at Suicide. Fish and Game Commission Work. PAGE 3. Columbia Bank, Mpls., Closes. Also the Washington Bank. Receiver for the Scandia Bank. Tariff on Textiles Discussed. PAGE 4. Editorial. Pedagogues Discuss Schools. Work of School Sections. PAGE 5. In the World of Sport. Great South Dakota Gold Find. Condition of Affairs in Cuba. PAGE 6. Bar Silver 65 I-Sc. Cash Wheat in Chicago so 5-8c. Stocks Strong and Higher. PAGE 7. City Assessment Notices. Wants of the People. PAGE S. Meeting of the National Guardsmen. Tariffs on Soft Coal.


Article from The Topeka State Journal, December 30, 1896

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Comptroller Eckels Is Not Scared By Bank Failures. Says There Is No Reason For Apprehension. BANKS IN GOOD FIX. General Conditions ofthe Banks Is First Rate. Failures Were Almost All Due to Local Causes. Washington, Dec. 30.-Comptroller Eckels says he feels no apprehension over the bank failures which have occurred of late. Two more failures, the Commercial National bank of Roanoke, Va., and the Columbia National of Minneapolis, were added to the list yesterday. They are comparatively small institutions, however, and under ordinary circumstances their failure, it is said, would attract only passing attention. Mr. Eckels when asked today by a reporter of the Asociated Press as to the general banking situation said: "Of course bank failures are more or less disquieting but those which have occurred recently have little or no general significance attached to them. They were due largely to local causes, wholly unconnected with the general condition of banks throughout the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures yesterday are of minor importance, in each case the bank's capital being only $200,000. "As against these few failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call, that of December 17, are uniformly favorable and show an average reserve held of considerably above the 25 per cent required by the law. One of the last reports, that of the Brooklyn banks, shows an average_reserve held to be 34.02 per cent, and most of the reports run five or ten per cent above the legal requirements. In each case, too, the asets in detail make an entirely satisfactory showing as compared with the liabilities. "On the whole it is evident that the natio, al banks today are as stable as they ever were, and the sporadic failure of a bank here and there through defects peculiar to the failing bank is of small importance, wholly without general significance. "I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."


Article from The Saint Paul Globe, December 30, 1896

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WASHINGTON, Dec. 29.-Comptroller Eckels has ordered Bank Examiner Cook, of Illinois, to go to Minneapolis and take charge of affairs of Columbia National bank. Mr. Eckels says he will not name a receiver until Mr. Cook reports. Examiner Brush is at Duluth and cannot leave, hence Mr. Cook's transfer from Illinois. Mr. Eckels said: "I have received several telegrams from Minneapolis saying that the failure of the Columbia will not affect banking circles seriously. I was informed yesterday that the bank was not permitted to clear through the Clearing House association."


Article from The Houston Daily Post, December 30, 1896

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ECKELS ON THE SITUATION. He Feels No Apprehension on Account of Recent Failures. Washington, December 29.-Comptroller of the Currency Eckels said this afternoon that he feels no apprehension over the bank failures which have occurred of late. Two more failures, the Commercial National bank of Roanoke, Va., and the Columbia National bank of Minneapolis, were added to the list today. They were comparatively small institutions, however, and under ordinary circumstances their failure, it is said, would attract only passing attention. Mr. Eckels when asked today by a representative of the Associated Press as to the general banking situation said: "Of course bank failures are more of less disquieting, but those which have 00curred recently. have little or no general significance attached to them. They were due largely to local causes, wholly unconnected with the general condition of the banks through the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures today were of minor import$200,000. ance, in each case the assets being only "As against these failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call, that of December 17, are uniformly favorable and show an average reserve held of considerably above the 25 per cent required by law. "One of the last reports, that of the Brooklyn banks, show the average reserve held to be 34.02 per cent and most of the reports run 5 or 10 per cent above the 10gal requirements. "In each case the assets in detail make an entirely satisfactory showing as compared with the liabilities. On the whole it is evident that the National banks today are as stable as they ever were, and the sporadic failures of a bank here and there through defects poculiar to the failing bank is of little importance and wholly without general significance. I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."


Article from The Evening Tribune, December 30, 1896

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BANK FAILURES. Views of Comptroller Eckels Relative to the Matter. There Will Be No General Panic Resulting From Their Downfall. Recent Failures Were of Small InstitutionsNational Banks are as Strong as Ever. Washington, Dec. 30.-Comptroller of the Currency Eckels said yesterday afternoon that he feels no apprehension over the bank failures which have occurred of late. Two more failures-the Commercial National bank of Roanoke, Va., and the Columbia National of Minneapolis-were added to the list yesterday. They are comparatively small institutions, however, and under ordinary circumstances their failures, it is said, would attract only passing attention. Mr. Eckels, when asked as to the general banking situation, said: "OI course bank failures are more or less disquieting, but those which have occurred recently have little or no general significance attached to them. They were due largely to local causes wholly disconnected with the general condition of the banks to the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures yesterday are of minor importance. As against these few failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call-that of Dec. 17-are uniformly favorable and show an average reserve held of considerable above the 25 per cent required by the law. One of the last reports, that of the Brooklyn banks, shows the average reserve held to be 34.02 per cent, and most of the reports run 5 or 10 per cent above the legal requirements. In each case, too, the assets in detail make an entirely satisfactory showing as compared with the liabilities. On the whole it is evident that national banks are as stable as they ever were, and the sporadic failure of a bank here and there through defects peculiar to the failing banks is of small importance, wholly without significance. I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."


Article from The Times, December 31, 1896

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Another Minneapolis Bank Closes-Condition of Other Institutions. MINNEAPOLIS, MINN., Dec. 30.-The Bankers' Exchange Bank went into the hands of Bank Examiner Kenyon this morning. Depositors have drawn out about $35,000 the past few days, and President Field concluded to close, though he had in the vaults nearly 30 per cent. of all the money en deposit The bank is less than a year old, having been incorporated last year. Its loans and discounts are $68,000; its capital $30,000, and its deposits are about $40,000. Depositors will be paid in full, and a fair sum will be left for stockholders George Maxwell, vice president of the Northern Trust Company, made application this morning for a receiver of the company. A. R. McGill ex-Governor of Minnesota, is the president of the or ganization. The following statement was issued by the company "This company has for some time been seeking to realize upon its loans and securities, and has until now been able to maintain itself without difficulty, but the depressed condition of finances is such that it has been unable to realize as it had hoped, and the suspension within two or three days of some of the banks of the city, in which was deposited some of its available funds, has somewhat embarrassed it in the transaction of its business, Independent of its assets, the company has a list of responsible stock holders, who are abundantly able to make good any deficiency that may result from depreciation in value of its assets, so that the creditors of the company need have no apprehension as to the ultimate results, their claims will all be paid in full, even if the company is not permitted to immediately resume, as is now hoped. The liabilities of the company are about $500,000. Judge Jamison issued a restraining or der. returnable at 10 o'clock to-morrow morning. Judge Belden signed an order this morning appointing Judge A. Ueland receiver of the Washington Bank under a bond of $200,000 The petition recites that the bank has $27.77 more liabilities than assets. Deputy Comptroller Coffin is still in charge of the Columbia National Bank awaiting the arrival of Bank Examiner Cooke The Farmers and Mechanics Bank issued a notice this morning requiring all depositors to give sixty days notice before being permitted to draw deposits. The bank issued a statement saying it had $800,000 in its vaults. The ClearingHouse Association held a meeting and resolved to stand by all of the ten banks which are members of the organization. There was a heavy run on the St. Anthony Fall Bank of this city this forenoon. All demands were paid, and the excitement quieted down. CHICAGO Dec. A. Paulsen, who was the principal owner of the failed Central Trust and Savings Bank filed a bill in the Circuit Court to-day to restrain the Atlas National Bank from disposing of a note for $30,000 made by him to the bank and to restrain President Grannis and Charles B. Farwell, a director and x-United States senator, from disposing of their own property, so that Paulsen cannot collect any of the damages he may be awarded at the trial of his suit for $250,000 against the bank Grannis and Farwell in connection with the $30,000 note and the closing of Paulsen's bank by the failure of the Atlas to clear for it. In his bill Paulsen sets up the liquida. tion of the Atlas Bank now in progress and states his belief. that. notwithstanding all the depositors are being paid in full. it is hopelessly insolvent and will not pay its depositors from its own funds He also alleges that the Atlas Bank still holds him as endorser on the $30,000 note although the courts have held it to be fraudulent. and also unlawfully withholds $40,000 of collateral bonds belonging to him APPLETON WIS. Dec. 0.-John S Van Nortwick to-day made an individual assignment of his Fox river interests naming Postmester John M. Bear of this city, as receiver the latter giving bonds for $250,000. The principal property included in this assignment are the plants of the Combined Locks Paper Company, the Appleton Pulp and Paper Company, Union Paper Company at Kaukauna Wis.: Fibre Company at Monoca: 740 shares in the Green Bay and Mississippi Canal Company the face value of which is $740,000. and miner interests, including his residence in this city. DALLAS TEXAS. Dec. 30.-Telegrams to commercial agencies at Dallas announce the failure of A.A. Bahn feweler at Austin Texas Liabilities $30,000: assets. $10,000 Eastern creditors are caught for only $5,000. Three Austin banks are owed $10,000. PARKERSBURG W. VA., Dec. 30.-Isaac Prager & Sons, extensive retail dry-goods dealers, made an assignment yesterday. Assets and liabilities are estimated at $100,000. MONTGOMERY, ALA., Dec. -The Commercial Bank of Selma failed to open its doors for business to-day. instead a notice was posted stating that the Board of Directors had decided to make an assignment The cause of this action was the heavy run made on the bank in the last few days. The bank was a heavy debtor to New York banks, among them the Chemical, American Exchange Nattobal City, Third National of Montreal, and National Bank of the Republic, and they sent an attorney some days ago to investigate its condition. The knowledge of the attorney's presence had a great deal to do with the run. The Board of Directors arrived at the conclusion to assign after a long and continued session lasting until after midnight last night. The officers of the bank are. R. M. Nelson, president: Geo. A. Wilkins, vice-president; A. E. Baker, cashier. The patrons of the bank have cont. dence that it will soon resume business and are signing an agreement to withdraw their deposits. one-third in three months. one-third in six months, and one-third in nine months. There is no public statement as yet of assets and liabilities. The business men are hopeful that the failure will not be detrimental to their interests. HORRIBLE BRUTALITY


Article from The Sauk Centre Herald, December 31, 1896

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Two Minneapolis Bank Failures. MINNEAPOLIS, Dec. 30.-The Columbia National bank, a small institution of comparatively recent establishment and $200,000 capital, has closed its doors because of heavy withdrawals. The Washington bank, a state institution, has also suspended. It had a capital of $100,000.


Article from Little Falls Weekly Transcript, January 1, 1897

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Two Minneapolis Bank Failures. MINNEAPOLIS, Dec. 30.-The Columbia National bank, a small institution of comparatively recent establishment and $200,000 capital, has closed its doors because of heavy withdrawals. The Washington bank, a state institution, has also suspended. It had a capital of $100,000.


Article from Semi-Weekly Register, January 2, 1897

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THE MEASURE READY Bill to Promote Bimetallism Completed by the Senate Committee. Will Be Presented to the Republican Caucus Probably Next Week. Details of the Plan Left: to the Discretion of the President. WASHINGTON, Dec. 31.-The Republican caucus committee appointed to draft a measure providing for an international conference to secure the re-establishment of bimetallism was in session for two hours during the day, and when it adjourned had agreed upon a bill to be presented to the Republican caucus which will be held soon after the assembling of congress next Tuesday. The bill agreed upon is brief and merely confers upon the president the right to appoint delegates "to any conference which may be called which has for its object the re-establishment of bimetallism." It does not distribute the selection of delegates as did the legislation of the Fifty-third congress between the president and the two houses of congress, and, moreover, leaves the number to be selected Entirely to the Discretion of the president. Senator Wolcott gave the committee a full account of his conference with President-elect McKinley, from which he had just returned, reassuring them of Mr. McKinley's hearty interest in the committee's proceedings and his earnest desire to do all in his power to carry into execution the promise of the St. Louis convention to secure international bimetallism if possible. It was announced after the close of the conference that the committee would press for early consideration its bill with the hope of securing all the legislation needed at this session-so that Mr. McKinley could take whatever steps he might deem proper to carry it into effect immediately upon entering upon his duties. Two Minneapolis Bank Failures. MINNEAPOLIS, Dec. 30.-The Columbia National bank, a small institution of comparatively recent establishment and $200,000 capital, has closed its doors because of heavy withdrawals. The Washington bank, a state institution, has also suspended. It had a capital of $100,000.


Article from Semi-Weekly Register, January 2, 1897

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Two Minneapolis Bank Failures. MINNEAPOLIS, Dec. 30.-The Columbia National bank, a small institution of comparatively recent establishment and $200,000 capital, has closed its doors because of heavy withdrawals. The Washington bank, a state institution, has also suspended. It had a capital of $100,000. Failure at Roanoke. WASHINGTON, Dec. 30.-Controller Eckels was wired notice that the Commercial National bank of Roanoke, Va., has closed its doors and suspended payment. Bank Examiner Sands was sent to take charge of the institution.


Article from Willmar Tribune, January 5, 1897

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Two Minneapolis Bank Failures. MINNEAPOLIS, Dec. 30.-The Columbia National bank, a small institution of comparatively recent establishment and $200,000 capital, has closed its doors because of heavy withdrawals. The Washington bank, a state institution, has also suspended. It had a capital of $100,000.


Article from The Norfolk Virginian, January 6, 1897

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Prob: h y is Scheme. Minneapolis, Minn., Jan. 5.-The report that Senators Davis and Nelson have recommended-Ed Henry Gjertsen, a lawyer of this city, for receiver of the failed Columbia National Bank of Minneapolis has aroused a great commotion among the depositors in that bank. They have united in a telegram to Comptroller Eckels asking him to delay action in the matter until they can be heard. In the meantime charges of crookedness in the management of the bank are in circulation.


Article from The Chanute Times, January 8, 1897

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NEWS IN BRIEF. Henry D. Purroy and his political following have deserted Tammany to fight Sheehan. Ella Eager threw herself under her husband's engine. and was ground to pieces at New Haven, Conn. Carlos A. Miller, an American engineer, is in prison in the City of Mexico on a trumped up murder charge. C. A. Walsh of the Democratic national committee is in Idaho working for the re-election of Senator Dubois. Senator Thurston, in a speech before the Chautauqua circle at Omaha, declared for Cuban recognition, war or or war. Comptroller of the Currency Eckels says that he feels no apprehension` over the bank failures which have occurred of late. President Cleveland has included the officers and employes of the federal "pen" at Fort Leavenworth under civil service rules. Father Shaw, assistant pastor of the Holy Angels' church, St. Louis, was held up in his rectory and robbed by a stranger in the afternoon. Three business men were held up by two robbers in an elevator in Chicago in broad daylight. One was relieved of a satchel containing $540. Mrs. Robert Howard, Madrid, Iowa. told her husband she was going to church, then went riding with John Slick, and was killed, he says, accidentally. California fruit growers are going in force to Washington to plead for higher duties and southern boards of trade are uniting in demanding higher rice duties. W. B. Cowen was sent to the Lansing, Kan., pe* from Guthrie, Okla., for six years for stealing a cow. while Pat Johnson. for assault with intent to kill, got off with three years. When the silk and cotton manufacturers had their inning before the house, ways and means committee all argued against ad valorem duties and asked a higher tariff with changes in classification. Wanamaker has publicly attacked Quay, saying he is a disgrace to Pennsylvania. Mr. Wanamaker also declares that without good times within four years changes will come which all the world will feel. Republican club of New York refused to endorse the candidacy of Joseph H. Choate for United States Senator. Union Republican club of Brooklyn and the Progress Republican club of New York adopted resolutions endorsing Thomas C. Platt for Senator. Columbia National and Washington State banks, Minneapolis, Minn., have been forced to close. Carbonate National bank of Leadville is going into Commercial National. liquidation. Roanoke, Va., closed. Farmers' Trust company, Sioux City, Iowa, has gone under. Bombay's plague is increasing. Theosophists are to have a temple in California. Bank of West Superior. Wis. suspended because of a run. Governor Bradley of Kentucky will resign because of failing health. A Guthrie, Okla., admirer of McKinley sent him a handsome ebony goldmounted cane. Tom Platt has declared war on Joseph Choate, republican senatorial aspirant in New York. Bryan declined to attend a silver democratic banquet at Indianapolis, Jackson's day. Julio Sanguilly, an American citizen. has been sentenced for life for conspiracy at Havana. Gomez and his insurgent army are moving westward and concentrating in Santa Clara. Li Hung Chang's visit to England and America has resulted in a determination to Anglicise China. Kentucky's electoral vote will go 12 for McKinley and 1 for Bryan, contests having been withdrawn. La Patrie, a Montreal paper, defies the Catholie church and calls on all Liberal Catholics to revolt. Miss Anna N. Stephens. of Denver, is lying speechless and paralyzed, result of sandbagging by foot pads. James Errison, Tacoma, Wash., had his wife arrested for holding him up and robbing him on the highway. Captain William P. Barlow, secretary of the ex-Confederate Home Association, of Missouri, is dead in St. Louis. In a landslide at Ratsmore, England, laborer's house was overwhelmed a and the man, his wife and seven children buried. Allen Heuse Downen, a Denver footpad, will be hanged the third week in January for the murder of Joel G. Ashworth, June 27. A landslide entirely destroyed the village of Santa Ana de Palago, Italy, demolishing 118 houses and rendering 130 families homeless. Double-decked ferry boat New Brunswick, owned by the Pennsylvania Railroad company, was burned to the water's edge at New York. Loss, $120,000. The safe in the postoffice at Hays City, Kan.. was blown open with dynamite and robbed of $400. The burglars were captured. The Pasteur treatment to prevent failed in of eight persons a hydrophobia three out the bitten cases by of is mad dog. Two are dead and one dwince


Article from The Ely Miner, January 13, 1897

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News in Brief, Among the funds tied up in the Columbia bank of Minneapolis at its failure was about $3,000 belonging to the Ole Bull fund. The annual report of J. B. McArdle, of the United States revenue office at Minneapolis shows a heavy increase in the amount of taxes imposed over the report of last year. There was an increase of $28,976. Gov. Clough has appointed George L. Bunn to succeed the late Judge Kerr on the district bench of Ramsey county. Cruelty to animals comes high in Marshall county. A young man will serve 60 days for saying sic 'em to his pup when a neighbor's pig was handy. An elevator at Wells, belonging to the Ketzeback Milling company, collapsed and let out about 3,000 bushels of wheat. Most of it will be saved. Andrew Johnson, a patient at the St. Peter hospital, committed suicide by hanging himself with a cord taken from the window. Louis Balser was convicted at Mankato of murder in the second degree. He killed his wife November 2. An unknown man about 60 years old was run down and killed by a passenger train at Elk River. The infant son of Mr. and Mrs. Holland, of St. Paul, was smothered to death while sleeping between its parents. William Rankin was arrested in St. Paul for tampering with the mails. He would get other people's letters and then demand ransom money for the same. The annual report of Chief Jackson of St. Paul shows that the losses by fire in that city during the past year amounted to $371,946.17, and that there were 483 alarms of fire.


Article from The Abbeville Press and Banner, January 13, 1897

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Domestic. The long threatened split in Tammany Hall, New York City, came when Henry D. Purroy, with several district leaders, openly bolted the organization and announced that he would form a new Tammany. Isaac Zuker was sentenced to thirty-six years' imprisonment for arson by Judge Fursman, in the Criminal Branch of the Supreme Court, New York City. Burglars entered the branch office of the Metropolitan Insurance Company, in West Forty-second street, New York City, and after blowing open a big safe in front of an open window stole $1500 in cash and valuable jewelry. Mrs. James Abercrombie Burden, wife of a millionaire iron founder. was attacked on Fifth avenue, in New York City, in broad daylight, by a highwayman, who flourished a knife, threw her down and ran off with her pocketbook. He was captured by Policeman Young after a hot chase. The Columbia National and Washington Banks of Minneapolis. the Commercial National Bank of Roanoke, Va., and the Van Nortwick Bank at Batavia, III, closed. Fire destroyed the electric light plant in Newark, N.J., and the city and'several nearby towns were left in darkness for a right. Isnac Zuker was convicted of arson in the first degree in having planned the burning of his building in New York City in January, 1892. The Atlas National Bank, of Chicago, Ill., began liquidating its affairs, and the Dime Savings Bank, of the same city, required depositors to give ninety days' notice of withdrawals. Three masked men, armed with revolvers, entered the saloon of Mrs. Mary Bernhardt, In Chicago, at 11 o'clock p. m., and robbed the place of $450. Mrs. Bernhardt was bebind the bar when the men came in, and two patrons of the place were sitting at a table playing dominoes. Two men were killed and another was fatally shot in a general fight six miles north of Mount Vernon. Ky. The dead are A. Rowland and Jack Rigsby. The wounded man is Greeley Lear. The fight began at a merrymaking. and was fought out on the highway in Kentucky feudal fashion between opposing factions. At Superior, Wis.. anticipating a run, the Bank of Superior did not open for business. Henry S. Butler is assignee. and has assumed charge of the bank's affairs. The failure is due to poor business and heavy withdrawals since recent failures in St. Paul and Chicago. The capital of the bank was $25,000, with a surplus of $6000. The deposits were nearly $100,000, including $13,210 of city funds. More than $1,500.000 was voted to hospitals, asylums and other charitable institutions for 1897 by the Board of Estimate, of New York City. The Lehigh Mills, in South Easton, Penn., manufacturers of cotton goods, have shut down for four months. and there is said to be but little prospect of a resumption at the end of that period. Depression in business is given as the cause of the shut-down, and one hundred employes are affected. The plant was started nearly one hundred years ago, and this is the first shut-down it has experienced. City Treasurer Turner. of Boston. Mass., opened bids for $1,890,000 3½ per cent. and four per cent. ten, twenty, and thirty year loans. The contract was awarded to Blake Brothers and R. L. Day. whose bid was $1,944,286 for the entire loan. The Scandia Bank, of Minneapolis, Minn., closed its doors. It was organized fifteen years ago by M. Grinager, a prominent Scandinavian politician. who died in 1893. Its President is R. Sunde, who came to Minneapolis ten years ago from Wilmar. Minn., where he had made a fortune as a money lender. Thomas J. O'Malley, a Chicago Alderman, has been indicted for the murder of "Gus" Colliander, in an election booth in 1894. A mail train from the West was robbed at one of the New York City stations and a large sum of money taken from letters addressed to New York firms. The letters, without in. closures, were found in the lower bay. Mrs. Agnes Antoinette Halpin, wife of ex. Assemblyman William Halpin, died in New York City of nervous exhaustion, collapse and gastritis, caused by the excessive use of Jamaica ginger. This habit is said to be prevalent in many places. The West End Street Railway Company of Boston, on which a strike occurred recently, discharged 700 union men, including the members of the Conference Committee and officers of the union. The Board of Directors of the Security Mortgage and Trust Company, Dallas, Texas, made application for the appointment of a receiver. The liabilitieso the company are, approximately, $2,000,000. Georgia's alleged titled convict, "Lord Beresford, as Sidney Lascelles called himself, was madea freeman by act of Governor Atkinson, who took pity upon him and pardoned him for his model conduct while in prison. The Atlas National Bank, Chicago, decided not to open its doors again, and the Clearing House will advance $600,000 tc help it pay all claims on demand. The bank has a capital of $700,000. W. C. D. Grannis is President. Thesecurities were examined and found to be ample to pay all claims in full.


Article from Warren Sheaf, January 14, 1897

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News in Brief. Among the funds tied up in the Columbia bank of Minneapolis at its failure was about $3,000 belonging to the Ole Bull fund. The annual report of J. B. McArdle, of the United States revenue office at Minneapolis shows a heavy increase in the amount of taxes imposed over the report of last year. There was an increase of $28,976. Gov. Clough has appointed George L. Bunn to succeed the late Judge Kerr on the district bench of Ramsey county. Cruelty to animals comes high in Marshall county. A young man will serve 60 days for saying sic 'em to his pup when a neighbor's pig was handy. An elevator at Wells, belonging to the Ketzeback Milling company, collapsed and let out about 3,000 bushels of wheat. Most of it will be saved. Andrew Johnson, a patient at the St. Peter hospital, committed suicide by hanging himself with a cord taken from the window. Louis Balser was convicted at Man. kato of murder in the second degree. He killed his wife November 2. An unknown man about 60 years old was run down and killed by a passenger train at Elk River. The infant son of Mr. and Mrs. Holland, of St. Paul, was smothered to death while sleeping between its parents. William Rankin was arrested in St. Paul for tampering with the mails. He would get other people's letters and then demand ransom money for the same. The annual report of Chief Jackson of St. Paul shows that the losses by fire in that city during the past year amounted to $371,946.17, and that there were 483 alarms of fire.


Article from The Indianapolis Journal, January 15, 1897

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Other Business Troubles. DETROIT, Mich., Jan. 14.-The old established firm of H. S. Robinson & Co., boot and shoe manufacturers, filed three chattel mortgages to-day, securing creditors for IIabilities aggregating $138 365. The general business depression is said to be responsible for the trouble. The assets are hardly sufficient to cover more than the first and second mortgages. CLEVELAND, Jan. 14.-Robert Lindemuller, a wholesale tobacco dealer, doing business at No. 14 South Water street, assigned to-day to George G. Sowden. Assets, $25,000; liabilities, $40,000. WASHINGTON, Jan. 14.-The controller of the currency has appointed J. B. Atwater, of Minneapolis, receiver of the Columbia National Bank, of Minneapolis. NEW YORK, Jan. 14.-The sheriff to-day took charge of the stock of David O'Grady, retail dry-goods dealer. Liabilities, $40,000; nominal assets, $50,000.


Article from The Saint Paul Globe, June 2, 1897

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closed, and that it would be as well to draw the check, and have the Columbia bank pay it directly. The teller agreed to this, and paid the money. After both banks failed, the city of Minneapolis did not want to take the payment as a charge against the city deposit in the Scandia bank, and the Scandia receiver did not want to have the payment a credit for the Columbia against its deposit. Since Mr. Kittleson had telephoned from across the street at a drug store, and not from the bank, where a state examiner then was, the receiver insisted that the payment was not authorized by the Scandia officials. It was all referred to the court, however, and the decision was that the payment was a valid one. This is the true explanation of that $10,000 deal which has puzzled the creditors, and which at one time, was to be brought before the grand jury.


Article from The Saint Paul Globe, July 23, 1897

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MINNEAPOLIS. OFFICE 29 SOUTH FOURTH STREET. MINNEAPOLIS GLOBULES. Katie Curran has begun an action for a divorce from Henry G. Curran, on the ground of desertion. William P. Roberts has been appointed guardian of Michael Romer, insane, by Judge of Probate Harvey. Fred Swanberg is held at the central police station on the charge of vagrancy. He is thought to be partially demented, and will be held until something is learned of him. J. B. Atwater, as receiver of the Columbia National bank, has commenced action against John Goodnow to recover $2,230.32, alleged to be due on a promissory note made Nov. 13, 1896, to mature in ninety days. Nelson, Tenney & Co. have commenced an action against the Second Street Market company. on their own behalf and on behalf of other creditors, seeking to have a receiver appointed and the company declared insolvent. The rooms of the Y. W. C. A., on Nicollet avenue, between Eighth and Ninth streets, were broken into Wednesday night by burglars and thoroughly ransacked. The burglars forced a rear window and then made a thorough search of every desk in the rooms, securing about $4. Considerably over $12,000 was taken in Wednesday at the local ticket office of the Great Northern road, all for transportation. This amount is unprecedented in Western railroad circles for one day's work over the city counter. Included in the tickets sold were four for Alaska. The sale of the assets of C. C. Taylor, insolvent, has been confirmed by Judge Jamison. The $1,602.50 worth of book accounts brought $16; notes and checks amounting to $1,321.62 brought $24; a judgment for $103.74 sold for $5, and the balance of the assets went to the tune of $4.75. Total, $2,326 worth of assets for $49.75. Andrew Swandon reported to the police yesterday morning that he had been robbed of $52.45 at Hopkins by one Gus Anderson, who stayed with him Wednesday night. While Swandon was sleeping Anderson decamped and with him departed the money and some of Swandon's clothes. The police have a good description of Anderson.


Article from The Saint Paul Globe, December 17, 1897

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JUDGMENT FOR PLAINTIFF. The Columbia Bank Receiver Wins Two Suits. In the suits of John B. Atwater, as receiver of the Columbia National Bank of Minneapolis, one against Theodore Sander, and the other against D. E. Dwyer, both brought to enforce the double liability of stockholders, the plaintiff secured judgment yesterday. The action against Dwyer was tried before Judge Bunn, and that against Sander before Judge Kelly. the jury being waived in each case. The plaintiff was awarded judgment against each defendant for 60 per cent of the value of the stock owned by him.


Article from The Saint Paul Globe, August 5, 1898

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# THERE WAS CONSIDERATION. Smith Note Was Not Made Without a Tangible Reward. In the supreme court yesterday it was he'd that the Columbia National bank was entit'ed to recover for the note of Edward Smith. The syllabus is as follows: John B. Atwater, as receiver of the Columbia National Bank of Minneapolis, respondent, vs. Edward Smith, appellant. Syllabus-Held. on the conceded facts in an action brought by the receiver of an insolvent national bank that there was no want of consideration for the execution and delivery of the promissory note on which the action was based. Order affirmed. -Collins, J.