9873. E. Allen & Co. (Saint Paul, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 12, 1891
Location
Saint Paul, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini
Short Digest
64328f0b

Response Measures

None

Description

Newspaper notices (Aug 12, 1891) state E. Allen & Co. are insolvents and The St. Paul Trust Company is acting as receiver; court set hearing for receiver's accounting and dividend. No mention of any depositor run or temporary suspension prior to receivership — this is a straightforward insolvency/receivership leading to closure.

Events (1)
1. August 12, 1891 Receivership
Newspaper Excerpt
In the matter of the receivership of E. Allen & Co., insolvents-At Chambers, August 12th, 1891. This cause came on to be heard upon the second accounting of The St. Paul Trust Company, as receiver of said insolvents, this day filed, and the petition of said receiver, filed therewith.... It is now ordered that the said petition and accounting be heard at a special term of this court, appointed to be held at the Court House in St. Paul, ... on the 12th day of September, 1891. [Signed] HASCAL R. BRILL, Judge.
Source
newspapers

Newspaper Articles (2)
1. August 14, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 14, 1891

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Article Text

District. In the matter of the receivership of E. Allen & Co., insolvents-At Chambers, August 12th, 1891. This cause came on to be heard upon the second accounting of The St. Paul Trust Company, as receiver of said insolvents, this day filed, and the petition of said receiver, filed therewith. asking, amongst other things, that its said account may be examined, and the balance in its hands adjudicated and determined: that said receiver be directed to declare a pro rata dividend of such balance amongst the creditors entitled thereto. and to pay the same: and for the orders of this court in relation to certain unsalable assets, described in said petition; and that upon filing in this court satisfactory proofs and evidence that it has paid such dividend as may be so ordered, and otherwise complied with such orders as this court shall make upon the hearing of said petition and account, the said receiver may be discharged from further liability in the premises. It is now ordered that the said petition and accounting be heard at a special term of this court, appointed to be held at the Court House in St. Paul, in said county, on Saturday, the 12th day of September, 1891. at the opening of said court on that day, or as soon thereafter as counsel can be heard. That all creditors of said insolvents. or other persons in any manner interested in the estate of said insolvents, then and there appear and show cause. if any they have, why the prayer of said petition should not be granted. Further ordered, that notice of this order be given to all persons in any manner interested in said estate, by the publication there of, once in each week. for three successive weeks, bofore the date of said hearing, in the St. Paul DAILY GLOBE, a public newspaper printed and published in said city of St. Paul: and that a copy of said order be mailed to each of the creditors of said insolvents who have heretofore filed claims with said receiver, duly enveloped and directed, postage prepaid, to the place of residence or postoffice address of such creditors, SO far as the same are known to said receiver, within five days after the date of the first publication of this order. [Signed] HASCAL R. BRILL, Judge.

2. August 21, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 21, 1891

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Article Text

THE ST. PAUL TRUST COMPANY -Offices, Endicott Block, Fourth street-Acts as executor, administrator, guardian, trustee, assignee, receiver, etc. HE STATE OF MINNESOTA, RAMSEY T County-District Court, Second Judicial District. In the matter of the receivership of E. Allen & Co., insolvents-At Chambers, August 12th, 1891. This cause came on to be heard upon- the second accounting of The St. Paul Trust Company, as receiver of said insolvents, this day filed, and the petition of said receiver, filed therewith. asking, amongst other things, that its said account may be examined, and the balance in its hands adjudicated and determined: that said receiver be directed to declare a pro rata dividend of such balance amongst the creditors entitled thereto. and to pay the same: and for the orders of this court in relation to certain unsalable assets, described in said petition; and that upon filing in this court satisfactory proofs and evidence that it has paid such dividend as may be so ordered, and otherwise complied with such orders as this court shall make upon the hearing of said petition and account, the said receiver may be discharged from further hability in the premises. It is now ordered that the said petition and accounting be heard at a special term of this court, appointed to be held at the Court House in St. Paul, in said county, on Saturday, the 12th day of September, 1891, at the opening of said court on that day, or as soon thereafter as counsel can be heard. That all creditors of said insolvents. or other persons in any manner interested in the estate of said insolvents, then and there appear and show cause. if any they have, why the prayer of said petition should not be granted. Further ordered, that notice of this order be given to all persons in any manner interested in said estate, by the publication there. of, once in each week. for three successive weeks, bofore the date of said hearing. in the St. Paul DAILY GLOBE, a public newspaper printed and published in said city of St. Paul: and that a copy of said order be mailed to each of the creditors of said insolvents who have heretofore filed claims with said receiver, duly enveloped and directed, postage prepaid, to the place of residence or postoffice address of such creditors. SO far as the same are known to said receiver, within five days after the date of the first publication of this order, HASCAL R. BRILL, Judge. [Signed]