Bank of St Charles (St Charles, MN)

Episode Information

Episode UID
9763216491141
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
976321649 hash
Start Date
January 14, 1895
Location
St Charles, Minnesota (43.969, -92.064)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c55c2c1a95f9ed79

Response Measures

None

Description

Closed by state bank examiner and placed in receivership; multiple receivers mentioned in reports.

Events (3)
1. January 14, 1895 Suspension
Cause
Government Action
Cause Details
Closed by order of the state bank examiner; action brought by state through bank examiner seeking dissolution and receiver appointment.
Newspaper Excerpt
The Bank of St. Charles, at St. Charles, Minn., is closed by order of the state bank examiner
Source
newspapers
2. January 25, 1895 Receivership
Newspaper Excerpt
Judge Gould has appointed Mark Campbell, of St. Charles, receiver of the Bank of St. Charles.
Source
newspapers
3. June 2, 1895 Other
Newspaper Excerpt
Receiver C. A. Morey ... report ... a dividend of 25 per cent will at once be granted to those whose claims are beyond question.
Source
newspapers

Newspaper Articles (12)
1. January 18, 1895 The Times Owosso, MI
Article from The Times, January 18, 1895

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Article Text

Monday, Jan. 14. William H. Stillwell, 70 years old and an ex judge of Gravesend, L. I., was found dead in his apartments in Brooklyn with the gas turned on. Suicide is suspected. Domestic infelicity. The snow at Elva, Kas,, Albion, Ills., and other places in the west was covered with a yellowish brown dirt. John A. McKenzie, a well-known business man of Duluth, fell from a staircase landing to the floor below in the Spaulding hotel in that city and was killed. The fall was sixty feet. Nearly 1,500 families are destitute in the mining districts near Nelsonville, O. It was so cold in the street cars at Louisville during the blizzard that one woman fell unconscious in a car and had to be taken to a drug store to be revived. The Bank of St. Charles, at St. Charles, Minn., is closed by order of the state bank examiner, and a receiver will probably be appointed. Old Fort Union in New Mexico, part of General B. F. Butler's estate will be put in good repair by the general's trustees and given to the use of consumptives, free of rent.

2. January 24, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 24, 1895

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Article Text

HIS NORTH BRANCH BANK Got Kingsland Into Trouble at St. Charles. NORTH BRANCH, Minn., Jan. 23.-In addition to operating the Bank of St. Charles, in the southeastern corner of the state, Mr. Kingsland was proprietor of a private bank here. Upon the clos. ing of the St. Charles bank Mr. Kingsland made an assignment here to the cashier, C. L. Dobner. The North Branch bank had a capital of $15,000. Public Examiner Keuyon states that it was losses at North Branch that first got Mr. Kingsland into trouble, and in trying to retrieve these he went deeper into the mire. WINONA, Jan. 23.-A hearing was had before Judge Gould regarding the appointment of a receiver for the Bank of St. Charles. George Pretterkorn, connected with Pfefferkorn Bros.' bank at St. Charles. was urged, while others interested wanted to reorganize the institution, and asked that another receiver be appointed with that understanding. The statement of Public Examiner Kenyon showed the bank to have gross assets of $90,156.99. and liabilities of $63,191.55. Scaling the assets for depreciation 111 real estate, they are estimated at $53,327. Should the business be closed up depositors will probably only get 70 cents on the dollar, but should the bank be reorganized they will be paid in full.

3. January 24, 1895 Grant County Herald Lancaster, WI
Article from Grant County Herald, January 24, 1895

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Article Text

Minnesota Bank Closed. Sr . CHARLES, Minn., Jan. 14.-The Bank of St. Charles was closed Saturday morning on the order of the state bank examiner. Its stock is $25,000. President J. F. Kingsland owes the bank more than the 15 per cent. of the capital stock allowed by law. A receiver will likely be appointed.

4. January 26, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 26, 1895

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Article Text

A Later Report. The railroad cômmissioners deny responsibility for the Strom and Lindstrom bills regulating railroads. Friends of the bill resent that it was prepared by the railroad commissioners, but, to be more exact, that it came from their office. The commissioners deny knowl. edge of the bill or responsibility for it. It came from their office only in the sense that it was delivered to those who introduced it while they were in that office. The bills were not read in full. It is possible that it is the Iowa law adapted to this state, but the story is taken with grains of allowance. Itis thought nowthat from $5,000 up to possibly $8,000 will be the loss at North Branch. That this will be almost a to. sal loss, for the bank building and office furnishings and fixtures are all the astets. Everything available had been used apparently to bolster up the St. Charles concern. Mr. Dobner, the cashier, will attempt to straighten things out as much as possible. A warrant has been sworn out here for Kingsland's arrest, and there is a warm reception in store for the gentleman if he shows up. WINONA, Jan. 25.-Judge Gould has appointed Mark Campbell, of St. Charles, receiver of the Bank of St. Charles. Mr. Campbell was not asked for by any of the interests at the hearing. but his appointment gives general satisfaction.

5. February 2, 1895 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, February 2, 1895

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Article Text

ABBREVIATED TELEGRAMS. Solicitor General Maxwell has resigned because, it is said, he cannot get along smoothly with Attorney General Olney. Holmes Conrad, of Virginia, has been appointed to the vacancy. The husband of the actress May Yohe, Lord Hope, owes the trifle of $3,289,710, and his assets are one-fourth that sum. J. R. Witt, a well-known and wealthy farmer, who lived near Dewitt, Ills., committed suicide with a revolver. No cause is assigned. Will Ward, a section hand who killed four men and wounded two others near Millican, Tex., and attempted suicide with morphine, has been lodged in jail at Bryan, Tex. James McGrain, a well-known lawyer, 43 years old, committed suicide at Louisville. The assignee of Banker Kingsland, who wrecked banks in North Branch and St. Charles, Minn., finds his affairs in very bad shape. The liabilities will reach $30,000 and the assets about $2,000. The Chinese peace commissioners have reached Hiroshima, Japan, and made the acquaintance of the Jap foreign minister. The "bargain sale," so dear to the American woman, has been introduced into Germany, with results so disastrous to conservative German business methods that the government has been appealed to to suppress the practice. Careful examinations of the possibilities of beet sugar production in the United States have been made by European correspondents who show that certain districts, notably California, and some of the more southerly and westerly states, will enjoy decidedly natural advantages over all the beet-producing countries of Europe. Coxey, the "commonweal" general, was an interested listener to the proceedings in the Debs case at Chicago. Mullihan, Elliott, Roy and Harris, charged with being the murderers of Barrett Scott, the defaulting ex-treasurer of Holt county, Neb., have been released on $2,000 bonds by the county judge, whodecided that not enough evidence had been produced to warrant charging the prisoners with murder in the first degree. H. O. Sessions and W. H. Phipps,owners of The Conglomerate, the weekly newspaper at Calumet, Mich., have been taken to the county jail to serve a six months' term of imprisonment for libeling Thebault, a Lake Linden schoolteacher.

6. February 7, 1895 People's Voice Wellington, KS
Article from People's Voice, February 7, 1895

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Article Text

Bank Failures Continue. Bank failures and defalcations continue to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbott, cashier of the Dover National bank, was discovered to be a defaulter to the amount of $85,000. On Saturday the bank at St. Charles, Minn., was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a dissolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000. of which over $20,000 had been loaned to J. F. Kingsland, the vice-president and ma nager. -Chicago Express.

7. February 15, 1895 The Black Hills Union Rapid City, SD
Article from The Black Hills Union, February 15, 1895

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Article Text

Bank Failures Continues. Bank failures and defalcations continues to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbot, cashier of the Dover National bank, was discovered to be a detaulter to the amount of $85,000. On Saturday the bank at St. Charles, Mion. was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a desolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000, of which over $20,000 has been loaned to J. F. Kingsland. the vicepresidentand manager.-Chicago Express

8. June 3, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 3, 1895

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Article Text

CASH FOR CREDITORS. Dividend of 25 Per Cent Promised in St. Charles Bank Failure. Special to the Globe. WINONA, Minn., June 2.-Receiver C. A. Morey, of the insolvent Bank of St. Charles, has rendered his report here today to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims and off-sets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property. The report has received the immediate attention of Judge Gould, and, according to the petition of the receiver, in his report, a dividend of 25 per cent will be at once granted to those whose claims are beyond question.

9. June 4, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 4, 1895

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Article Text

MICDONALD BROS. Leading Hardware Merchants and Plumbers. or. Price's Cream Laking Powde SUBSCRIBE FOR Most Perfect Made. Cash for Creditor WINONA, Minn., June 4.-Receiver C. A. Morey of the insolvent Bank of THE St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims LAKE. COUNTY and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.

10. June 4, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 4, 1895

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Article Text

McDONALD BROS., Leading Hardware Merchants and Plumbers. or. Price's Cream Laking Powder SUBSCRIBE FOR Most Perfect Made. Cash for Creditors. WINONA, Minn., June 4. -Receiver C. A. Morey of the insolvent Bank of THE St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims LAKE COUNTY and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.

11. June 5, 1895 New Ulm Review New Ulm, MN
Article from New Ulm Review, June 5, 1895

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Article Text

Cash for Creditors. WINONA, Minn., June 4.-Receiver C. A. Morey of the insolvent Bank of St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.

12. August 22, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 22, 1895

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Article Text

Sues for His Deposit. Special to the Globe. WINONA, Minn., Aug. 21.-Suit has been brought in the district court by Charles E. Maynard, of St. Charles, against the receiver and stockholders of the defunct Bank of St. Charles to collect $225 still owing on deposit of $300.