Bankers Exchange Bank (Minneapolis, MN)

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Failures of the Day

Birmingham, Ala., Dec. 30.-The Commercial bank, of Seima, Ala., failed to open its doors this morning. The capital is $300,000; the undivided profits $50,000. West Superior, Wis., Dec. 30-The Anchor Grain company, operating on the Superior board of trade has assigned. Minneapolis, Dec. 30.-,The Bankers' Exchange bank announced the suspension of payment for a few days. It has only $30,000 capital. There has been a run on the bank. The Northern Trust company has applied for a receiver. The hearing was postponed one week.

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Easter Financially

MINNEAPOLIS, Minn., Dec. 30.-The financial situation 18 much easter today. The announcement that the Bankers' Exchange bank had suspended payment for a few days caused scarcely a ripple as the Institution 18 small with only $30,000 capital. The run on this bank has taken $85,000 from it in three weeks. Cashier Field declared he had plenty of ready money but preferred to await the band examiner's advice before making further payments. The Northern Trust company, through its president, George Maxwell, applied to a district court this morning for a receiver. The hearing was postponed a week. Ex-Governor A. R. McGill to president. The company suspended payment in 1893 but afterwards resumed.

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The Minneapolis Situation

Minneapolis, Minn., Dec. 30.-The financial situation was much easier here to-day and no apprehensions are now felt as to the security of any of the large banks. The announcement that the Bankers' Exchange bank had suspended payment for a few days caused scarcely a ripple, as the institution is a very small one, with only $30,000 capital.

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QUIET AT MINNEAROLIS

Excitement Over Recent Bank Failure Has Subsided. Minneapolis, Minn., Dec. 31.-Excitement over the recent bank failures in this city has entirely subsided and all is quiet again. There were no runs ofeonsequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust Company and A. B. Derelieus for the Bankers' Exchange Bank, toth . . of which suspended yesterday.

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MINNEAPOLIS OVER THE SCARE

The Situation in Banking Circles Has Calmed Down. Minneapolis, Minn., Dec. 31.-Excitement over the recent bank failures in this city has entirely subsided and all is quiet again. There were no runs of consequence on any of the banks this morning. Daniel Fish has been appointed receiver for the Northern Trust Company, and A. B. Derelius for the Bankers' Exchange Bank, both of which suspended yesterday.

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Receivers Discharged

Minneapolis, Minn., January 7.-The receivers for the Bankers' Exchange bank, which closed during the recent excitement with more than legal reserve on hand was discharged by Judge Smith today, and the bank resumed business. The Farmers and Mechanics' Savings bank today declared its usual 4 per cent annual dividend.

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Minneapolis Bank Resumes

Minneapolis, Jan. 8.-The Bankers' Exchange bank, which closed its doors a week ago, has resumed business. Acting upon the recommendation of M. D. Kenyon, the state superintendent of banks, Judge Seagrave Smith made an order this morning discharging the receiver and restoring the bank's assets to its officers.

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Exchange Bank Resames MINNEAPOLIS, Jan. 8.-The receiver for the Ban ers' Exchange bank which closed during the recent excitement with more than the full legal reserve on hand, was discharged by Judge Smith and the bank resumed business. The Farmers and Mechanics, Savings bank has deolare its usual 4 per cent annual dividend.

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Bank Resumes

MINNEAPOLIS, Jan. 8.-The Bankers' Exchange bank, which closed its doors a week ago, resumed business today. Acting upon the recommendation of M. D. Kenyon, the state superintendent of banks, Judge Seagrave Smith made an order this morning discharging the recéiver and restoring the bank's assets to its officers.

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On Dec

30 the Bankers Exchange bank at Minneapolis closed its doors, and it is now open for business again. At the time it closed it had much more money on hand than it usually considered ample to meet all legitimate demands, but the bank closed on ac. count of the danger of an unreasonable "run" owing to excitement over the failure of a weak bank in the same city. The bank is in good condition, and its officers acted =for the interest of all depositors when it temporarily closed.

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ONE MORE BANK GONE

MINNEAPOLIS, Minn., Feb. 10, 1897.The Bankers' Exchange Bank, of this city, closed its doors this morning. It suspended some weeks ago, but resumed in a few days. Its last statement is dated December 26, 1896. It shows deposits of $61,000; capital, $30,000; loans and discounts, $68,000.

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A RECEIVER APPOINTED

Minneapolis, Minn., Feb. 10.-Otto Rood was today appointed receiver of the Bankers' Exchange bank. This institution closed its doors last December and re-opened Jan. 7, by order of the state bank examiner. At the time of re-opening the deposits were $53,000. Since then, however, the deposits have been reduced 75 per cent. by withdrawals. The action today was a voluntary liquidation. The bank claims to have four times the amount of deposits in bills receivable. The receiver expects to pay depositors in full within thirty days.

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A RECEIVER APPOINTED

MINNEAPOLIS Minn., February 10.Otto Rood was this morning appointed receiver of Banker's Exchange Bank

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BANK IN TROUBLE

Minneapolis, February 10.-Or petition of A. M. Hove, Otto Rood was this morning appointed receiver of the Bankers' Exchange Bank. The petition stated that Hove had drawn a check on the bank yesterday for $100, and payment had been refused, although there was plenty of money on deposit in his name to cover the check.

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Receiver for a Bank

MINNEAPOLIS. Feb. 10.-On the petition of A. M. Hove, Otto Rood was this morning appointed receiver of the Bankers' Exchange Bank, with a bond fixed at $20,000. The petition stated that Mr. Hove had drawn his check on the bank yesterday in the sum of $100 and that payment of the same had been refused, although there had been plenty of money on deposit in his name to cover the check. The Bankers' Exchange Bank is a small institution which closed last December and was re-opened in January. All its deposits excepting $13,000, have since been withdrawn and the officers say that there are assets of $40,000. The receiver will wind up the business.

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The Bankers' Exchange Bank Again Closes MINNEAPOLIS, Minn., Feb. 10.-Otto Rood was to-day appointed receiver ot the Bankers' Exchange Bank. This institution closed its doors in December last and reopened on Jan. 7 by order of the State Bank Examiner. The action to-day was a voluntary liquidation. The receiver expects to pay depositors in full within thirty days.

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STILL THEY GO

Another Bank Closes In Gold Standard Minneapolis. Minneapolis, Feb. 10.-Otto Rood was today appointed receiver of the Bankers' Exchange bank. Second Avenue South and Third street. This institution closed its doors last December and reopened Jan. 7 by order of the state bank examiner. At the time of the reopening the deposits were $53,000. Since then, however, the deposits have been reduced 75 per cent by withdrawals. The action today was a voluntary liquidation and the bank claims to have four times the amount of deposits in bills receivable. The receiver expects to pay depositors in full within 30 days.

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GOING OUT OF BUSINESS

Minneapolis Bank Goes Into Voluntary Liquidation. Minneapolis, Minn., Feb. 11. - Otto Rood has been appointed receiver of the Bankers' exchange bank, Second avenue south and Third street. This institution closed its doors last December and reopened January 7 by order of the state bank examiner. At the time of the reopening the deposits were $53,000. Since then, however, the deposits have been reduced 75 per cent. by withdrawals. The present action is a voluntary liquidation. and the bank claims to have four times the amount of deposits in bills receivable. The receiver expects to pay depositors in full within 30 days.

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MINNEAPOLIS GLOBULES.

Jessie McKay, who was arrested with two men at Shakopee on a charge of grand larceny, was discharged yesterday morning by Judge Kerr, as there was no evidence to hold her.

Judge Lochren returned yesterday morning from Duluth, where he has been listening to the trial of cases which did not require a jury, there not being funds enough to provide for jury expenses.

Tilda Larson was sent to the workhouse for ten days yesterday morning by Judge Kerr for being drunk. She admitted having only partaken of the contents of two pails of beer and did not think she was drunk.

In response to a petition Judge Smith has ordered Otto Rood, receiver of the Bankers' Exchange bank, to pay a dividend of 20 per cent on the present total indebtedness of the bank. This is the third 20 per cent dividend of the bank since the receivership.

There is plenty of mirth and music, jerk and jingle in "A Railroad Ticket," the popular farce comedy which will be presented at the Bijou next week. The scenes are laid in and about New York, and a railroad ticket broker's office figures as a prominent scene.

There remains but two performances in the first week of the summer dramatic season at the Metropolitan, tonight and the matinee this afternoon. The financial success of Eugenie Blair's engagement thus far has been all that was expected, and from an artistic point of view the production of "Camille" is highly satisfactory.