9824. Bank of North St Paul (North St Paul, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 8, 1897
Location
North St Paul, Minnesota (45.012, -92.992)

Metadata

Model
gpt-5-mini
Short Digest
0f5221ea

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Jan 8–9, 1897) state Judge Bunn appointed a receiver and the bank 'closed' or 'suspended' after its reserve funds were deposited with the Allemania/Germania (Allemania) bank which failed. No run is described in these articles; the failure appears driven by loss of correspondent/reserve funds. Receiver appointed J. F. Fitzpatrick on 1897-01-08.

Events (2)

1. January 8, 1897 Receivership
Newspaper Excerpt
Judge Bunn... appointed J. F. Fitzpatrick receiver for the Bank of North St. Paul.
Source
newspapers
2. January 8, 1897 Suspension
Cause
Correspondent
Cause Details
Reserve funds (reserve fund) of Bank of North St. Paul were deposited with the Allemania (Germania) Bank which failed, precipitating suspension.
Newspaper Excerpt
its reserve fund was deposited with the Allemania bank, which failed on Monday, and this was the cause of the suspension of the bank of North St. Paul.
Source
newspapers

Newspaper Articles (14)

Article from Daily Camera, January 8, 1897

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Receiver Appointed, St. Paul, Jan. 8 -On the petition of the state bank examiner a receiver was appointed for the bank of North St. Paul of which ex-Postmaster H. Castle was president. Capital $25,000, deposits $22,000 and assets $35,000.


Article from The Providence News, January 8, 1897

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The Reason of Failure. ST PAUL, Minn., Jan. 8.--Judge Bunn upon the petition of Public Examiner Kenyon, has appointed J. F. Fitzpatrick receiver for the bank of North St. Paul. The tank was chritalized at $25,000 and Captain Henry A. Castle its president and until recently postmaster of St. Paul says its depesits were mainly public funds. Its reserve fund was deposited with the Allemania Bank, which failed on Monday, and this was the cause of suspension of the bank of North St. Paul.


Article from The Saint Paul Globe, January 8, 1897

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ASKS A RECEIVER. # Joseph L. Brady Doesn't Want the Germania Assignee. Joseph L. Brady, a creditor of the Germania bank, has made application to the district court for an order directing Peter Kerst to show cause why he should not be removed as assignee of the Germania bank, and why another assignee should not be appointed. The order is returnable before Judge Bunn next Tuesday at 10 a. m. Mr. Brady alleges it was upon the personal assurance of Mr. Kerst, acting as cashier of the bank, prior to the assignment, to the effect that the bank was all right that he, Brady, deposited money therein. For this reason Mr. Brady insists that Mr. Kerst is not the proper person to act as assignee, and asks that he be removed and another assignee be appointed. Receiver Auerbach, of the Allemania, said yesterday that he expected to have his statement for the court ready within six days. There is a vast amount of legal business continually cropping up in the exercise of his functions, and he has appointed as his legal adviser, A. G. Briggs. The bond of Charles F. Staples, as assignee of the West Side bank, in the amount of $250,000, has been approved by Judge Bunn. The bond is signed by the Fidelity and Deposit company, of Maryland, by Joseph Lockey, resident director, and William M. Carson, general agent. Judge Bunn appointed John F. Fitzpatrick, an attorney, receiver of the Bank of North St. Paul.


Article from The Topeka State Journal, January 8, 1897

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SMALL ST.PAUL BANK FAILS A Receiver is Appointed for the Bank of North St. Paul. St. Paul, Minn., Jan. 8.-Judge Bunn late yesterday upon the petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver of the bank of North St. Paul. The bank was capitalized at $25,000 and Capt. Henry A. Castle, its president and until recently postmaster of St. Paul, says it had deposits of only $22,000 and assets of about $35,000. Its deposits were mainly public funds and its reserve fund was deposited with the Allemania bank which failed on Monday, and this was one of the causes of the suspension of the Bank of North St. Paul.


Article from Wheeling Register, January 9, 1897

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WILL AWAIT A FULL REPORT. WASHINGTON January 8.-The secretary of the treasury has received a telegram from the collector of customs at ksonville, Fla., stating that the suspeeted fillibuster. the Dauntless, had returned to that port and had represented that she had been on a wrecking expediIon and now asked for clearance for Neuvhas Cuba, with a cargo of arms and other unitions of war. The collector asked for instructions. and in reply the Secretary directed the collector to make a full report in the ease of the Dauntless Until this report is received. which may take several days. the desired clearance papers will be withheld. A RECEIVER APPOINTED. ---A Small Bank. With Small Deposits and Small Assets. in Trouble. ST. PAUL. January 8.-Judge Runn, upon the petition of Public Examiner Kenyon has appointed J. F. Fitzpatrick receiver for the bank of North St. Paul. The bank was capitalized at $25,000 and Captain Henry A. Castle. its president. and until recently postmaster of St. Paul. keys it had deposits of only $22,000 and assets of about $25,000. Its deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank. which failed on Monday. and this was the cause of the suspension of the bank of North St Paul,


Article from Evening Journal, January 9, 1897

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One More Bank Fails, ST. PAUL, Jan. 9.-Judge Bunn, upon the petition of Public Examiner Kenyon, has appointed J. F. Fitzpatrick receiver for the Bank of North St. Paul. The bank was capitalized at $25,000. Captain Henry A. Castle. its president and recently postmaster of St. Paul, says it had deposits of only $22,000 and assets of about $35,000. Its deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank, which failed of Monday, and this was the cause of the suspension of the Bank of North St. Paul.


Article from Omaha Daily Bee, January 9, 1897

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Troubles in the Business World. ST. PAUL, Jan. 8.-Judge Bunn, late yesterday. upon the petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver for the Bank of North St. Paul. The bank was capitalized at $25,000, and Captain Henry A, Castle, its president, and recently postmaster of St. Paul, says it had deposits of only $22,000 and assets of about $35,000. Its deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank, which failed on Monday, and this was one of the causes of the suspension of the Bank of North St. Paul. DURANGO, Colo., Jan. 8.-The officers of the San Juan County bank of Aztec, N. M., have decided to close that institution, owing to poor business. Depositors will be paid their money through the Smelter City bank of this city.


Article from The Seattle Post-Intelligencer, January 9, 1897

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DURANGO, Col., Jan. 8.-The San Juan County bank, of Aztec, N. M., has been closed, owing to poor business. Depositors will be paid through the Smelter City bank, of this city. ST. PAUL, Minn., Jan. 8.-Judge Bunn, late yesterday, upon petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver of the Bank of North St. Paul.


Article from New-York Tribune, January 10, 1897

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TWO MORE WESTERN BANKS FAIL. Omaha, Neb., Jan. 9.-The First National Bank of Alma, Neb., has closed its doors. It had a capital of $50,000. The liabilities are $134,000, including $40,500 belonging to the State and $1,600 belonging to Harlan County. The assets are reported equal to liabilities. St. Paul, Minn., Jan. 9.-Judge Bunn, upon the petition of Public Examiner Kenyon, yesterday appointed J. F. Fitzpatrick receiver for the Bank of North St. Paul. The bank was capitalized at $25,000, and Captain Henry A. Castle, its president, and until recently postmaster of St. Paul, says it had deposits of only $21,000 and assets of about $35,000. Its deposits were mainly public funds. Its reserve fund was deposited with the Allemania Bank, which failed on Monday, and this was one of the causes of the suspension.


Article from The Worthington Advance, January 14, 1897

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Five young men who comprise a gang of the most daring bank swindlers and forgers that has operated in this country in 20 years were captured in Chicago. The number of steerage passengers landed at Ellis island during 1896 was 252,350. There were 99,223 cabin passengers landed at the port of New York during the same period. Fire destroyed property at Athens, Tex., valued at $100,000. Fire destroyed the entire business portion of Royalton. Wis. In Minnesota the Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., suspended business. J. H. Johnston & Co., silversmiths and jewelers in New York, failed for $250,000. Simon Cooper, a negro outlaw, murdered Ben Wilson, aged 80 years, his son Wesley, aged 40. and Mrs. Wesley Wilson, aged 35, and a colored man at Magnolia, S. C. The refusal of Wilson to loan Cooper a buggy was the cause. Senator-elect Money, of Mississippi, arrived at Tampa, Fla., from Cuba and left for Washington. The Bankers' exchange bank in Minneapolis, Minn., which suspended some days ago, has resumed business. William J. Bryan was the guest of the Bryan league at a banquet given at the Tremont house in Chicago in celebration of the anniversary of Andrew Jackson's birth and made the principal speech. Anthony Henderson, a negro arrested for the murder of George Summer at Unadilla, Ga., and attempted assault upon his daughter, was lynched by a mob. John Vaughan and Gus Homer, armed with a pistol and knife, engaged in a duel at Memphis, Tenn., and both were fatally wounded. The fiftieth session of the general assembly of Indiana met in Indianapolis. Henry C. Pettit, of Wabash, was chosen speaker of the house. The American national bank of Denver, Col., which suspended April 21, 1896, has reopened its doors. The United States dispatch boat Dolphin arrived at Jacksonville, Fla., to watch filibusters. Howard Wilson and Miss Fay Rawls broke through the ice while skating at Creston, la., and in saving the life of the young lady Wilson lost his own. William Speidel, 21 years of age, was robbed and murdered while on his way to be married at Port Jervis, N. Y. R. G. Dun & Co., of New York, in their weekly review of trade say that while banking failures have not ceased at the west, apprehension about them has almost wholly subsided and no serious influence upon general trade is expected Thomas Wilson, accompanied by his daughter, Mrs. Kinnery, and her tive children, attempted to ford Práirie creek near Plato, Mo., and the children were all drowned. The exchanges at the leading clearing houses in the United States during the week ended on the 8th aggregated $1.144,639,080, against $1,055,921,223 the previous week. The decrease compared with the corresponding week of 1896 was 7.6. There were 488 business failures in the United States in the seven days ended on the 8th, against 329 the week previous and 405 in the corresponding period of 1896. In his message to the Missouri legislature Gov. Stone advocated the hanging of persons convicted of train robbery. The Bank of North St. Paul, Minn., closed its doors with liabilities of $25,000. Robbers blew open a safe in the post office at Blooming Grove, Tex., and secured $9,000. The office of the Leader, a newspaper at Montpelier, O., was burned, the loss being $10,000. Simon Cooper, a negro outlaw, who murdered thaee members of the Wilson family and a colored servant, was lynched near Sumter. S.C. Gov. Matthews in his last message to the Indiana legislature expressed strong sympathy for the Cuban insurgents and advocated compulsory education and a law prohibiting the formation of trusts in the state. The North Carolina legislature passed a resolution instructing the senators and congressmen from that state to try and bring about the passage of an act recognizing the independence of the patriots of Cuba. Charles Walstrom and Mike Martin, who lived on an island across the bay from Charlevoix, Mich., were murdered by unknown parties. The First national bank of Alma, Neb., was closed with liabilities of $134,000. Robert Laughlin was hanged at Brooksville, Ky., for the murder of his invalid wife and 14-year-old niece. After the murder he set fire to the house and the bodies were consumed. Senator-elect Money, of Mississippi, who has just returned to Washington from a two weeks' visit to Cuba, says that Spain is unable to cope with the insurrection: that she will never put it


Article from River Falls Journal, January 14, 1897

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At Unodilla,Ga.,Anthony Henderson,a negroarrested for the murder of George Summer and attempted assault upon his daughter, was lynched by a mob. Gus Homer and John Vaughn, armed with a pistol and knife, engaged in a duel at Memphis, Tenn., and both were fatally wounded. The general assembly of Indiana met in Indianapolis. Henry C. Pettit, of Wabash, was chosen speaker of the house. At Denver, Col., the American national bank, which suspended April 21, 1896, has reopened its doors. While skating at Creston, Ia., Howard Wilson and Miss Fay Rawls broke through the ice and in saving the life of the young lady Wilson lost his own. Near Plato, Mo., Thomas Wilson, accompanied by his daughter, Mrs. Kinnery and her five childrer. attempted to ford Prairie creek, and the children were all drowned. Gov. Stone in his message to the Missouri legislature advocated the hanging of persons convicted of train robbery. Near Sumter, S. C., Simon Cooper. a negro outlaw, who murdered three members of the Wilson family and a colored servant, was lynched by a mob. The doors of the Bank of North St. Paul, Minn., were closed with liabilities of $25,000. Burglars blew open a safe in the post office at Blooming Grove, Tex., and secured $9,000. In his last message to the Indiana legislature Gov. Matthews expressed strong sympathy with the Cuban insurgents and advocated compulsory education and a law prohibiting the formation of trusts in the state. A resolution was passed by the North Carolina legislature instructing the senators and congressmen from that state to try and bring about the passage of an act recognizing the independence of the patriots of Cuba. Fire destroyed the office of the Leader, a newspaper at Montpelier, O., the loss being $10,000. Mike Martin and Charles Walstrom, who lived on an island across the bay from Charlevoix, Mich., were murdered by unknown parties. Flames destroyed the stables of the Norfolk (Va.) Driving Club and Fair association, together with 13 race horses valued at $30,000. The oldest odd fellow in Missouri, John T. Dowdall, and the second oldest in the United States, died in St. Louis. At Janesville, Wis., Herman Slimm killed his wife and son and then committed suicide. Domestic trouble was the cause. A train on the Big Four road ran from St. Louis to Cleveland, 548 miles, in 10 hours and 4 minutes. The doors of the First national bank of Alma, Neb., were closed with liabilities of $134,000. At Brooksville, Ky., Robert Laughlin was hanged for the murder of his invalid wife and 14-year-old niece. After the murder he set fire to the house and the bodies were consumed. Fire destroyed the First Baptist church at Portage, Wis. The packing houses of the Anchor flour mill at Minneapolis, owned by the Pillsbury-Washburn Milling company, was burned. Loss, $200,000. A fire in the big leaf tobacco factory of the American Tobacco company at Danville, Va., caused a loss of $150,000. P. W. Hisson and James O'Connell, two bridgemen, fell from a trestle near Butte, Mont., and were killed. The following governors were inaugurated: John R. Tanner (rep.), IIIinois; James A. Mount (rep.), Indiana; John W. Leedy (pop.), Kansas, and Lon V. Stephens (dem.), Missouri. Chicago consumed 3,198,222 barrels of beer during the past year, an increase of 549,887 over the year 1895. In Cincinnati the Ohio Photograph company, capitalized at $1,000,000, went into the hands of a receiver. An attempt was made to wreck a through express between Chicago and CL Poul on the Chicago,


Article from Idaho County Free Press, January 15, 1897

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BANKS GO OUT OF EXISTENCE. One of the Oldest Savings Institutions in Chicago Is Closed. Chicago, Jan. 8.-The Dime Savings bank, with its 40,000 depositors, one of the oldest saving banks in Chicago, will go out of existence before the expiration of the 90 days' notice, which has been required of depositors since the suspension of the Bank of Illinois. Bank of North St. Paul. St. Paul, Jan. 8.-Judge Bunn, late yesterday, upon petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver of the Bank of North St. Paul, capital $25,000. Captain Henry A. Castle, president, until recently postmaster of St. Paul, says it has deposits of only $22,000, assets about $35,000. The deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank, which failed Monday. New Mexico Bank. Durango, Col., Jan. 8.-The San Juan county bank at Aztec, N. M., has been closed owing to poor business. Depositors will be paid through the Smelter City bank, this city.


Article from The Diamond Drill, January 16, 1897

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DOMESTIC. In Minnesota the Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., suspended business. Simon Cooper, a negro outlaw, murdered Ben Wilson, aged 80 years, his son Wesley, aged 40, and Mrs. Wesley Wilson, aged 35, and a colored man at Magnolia, S. C. The refusal of Wilson to loan Cooper a buggy was the cause. The Bankers' exchange bank in Minneapolis, Minn., which suspended some days ago, has resumed business. William J. Bryan was the guest of the Bryan league at a banquet given at the Tremont house in Chicago in celebration of the anniversary of Andrew Jackson's birth and made the principal speech. Anthony Henderson. a negro arrested for the murder of George Summer at Unadilla, Ga., and attempted assault upon his daughter, was lynched by a mob. John Vaughan and Gus Homer, armed with a pistol and knife, engaged in a duel at Memphis, Tenn., and both were fatally wounded. The fiftieth session of the general assembly of Indiana met in Indianapolis. Henry C. Pettit, of Wabash, was chosen speaker of the house. The American national bank of Denver, Col., which suspended April 21, 1896, has reopened its doors. The United States dispatch boat Dolphin arrived at Jacksonville, Fla., to watch filibusters. Howard Wilson and Miss Fay Rawls broke through the ice while skating at Creston, la., and in saving the life of the young lady Wilson lost his own. The exchanges at the leading clearing houses in the United States during the week ended on the 8th aggregated $1.144,639,080, against $1,085,921,223 the previous week. The decrease compared with the corresponding week of 1896 was 7.6. William Speidel, 21 years of age, was robbed and murdered while on his way to be married at Port Jervis. N. Y. Thomas Wilson, accompanied by his daughter, Mrs. Kinnery, and her five children. attempted to ford Prairie creek near Plato, Mo., and the children were all drowned. R. G. Dun & Co., of New York. in their weekly review of trade say that while banking failures have not ceased at the west, apprehension about them Las almost wholly subsided and no serious influence upon general trade is expected There were 488 business failures in the United States in the seven days ended on the 8th, against 329 the week previous and 405 in the corresponding period of 1896. The Bank of North St. Paul, Minn., closed its doors with liabilities 01 000. Robbers blew open # safe in the post office at Blooming Grove, Tex., and secured $9,000. The office of the Leader, a newspaper at Montpelier, O., was burned, the loss being $10,000.


Article from The Saint Paul Globe, June 24, 1897

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COUNTY WANTS ITS MONEY. Bondsmen of Suspended Banks Receive a Warning Note. County Attorney Anderson yesterday sent formal letters to the sureties on the bonds given by suspended banks to secure the county's funds deposited in those institutions. The county had on deposit in the six banks that closed in January last $62,883.86, this sum being distributed as follows: Allemannia bank, $25,730.15; Bank of Minnesota, $11,412.92; Germania bank, $10,042.85; West Side bank, $8,395.77; Bank of North St. Paul, $4,414.03; Minnesota Savings bank, $2,685.14. The thirty-two bondsmen were informed by the county attorney's letter that, unless they came in and settled, actions would be commenced against them for the amounts for which they were liable. The sureties on the bonds are as follows: Allemannia-T. Reardon, Moses E. Clapp, A. E. Whitney, F. R. Welz, H. A. Castle and E. Yanish. West Side-E. F. Staples, Eugene Villaume, E. Yanish, D. S. Sperry, H. L. Moss and Thomas Tunis Smith. Minnesota Savings--Joseph Ehrmanntraut Jr., George J. Mitsch, L. I. Casserley, T. F. Conroy and H. L. Schade. Bank of Minnesota-William Dawson, William Dawson Jr., R. A. Smith, A. Kalman and A. Oppenheim. Germania-Theodore Hamm, C. L. Horst, Joseph Haag and A. Spangenberg. Bank of North St. Paul-J. G. Earhuff, N. S. Lane, E. R. McKenney and H. A. Castle.