Union Stock Yards bank - South Saint Paul, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 29, 1899
Location: South Saint Paul, Minnesota (44.893, -93.035)

Metadata

Model: gpt-5-mini
Short Digest: 9d8e03b6

Response Measures

None

Description

Article (The Saint Paul Globe, 1899-09-29) identifies M. H. Sullivan as receiver of the Union Stock Yards bank, indicating the bank was insolvent and in receivership at the time. No run or depositor agitation is mentioned in the text. I classify this as a suspension leading to closure/receivership. No specific suspension date given in the article.

Events (2)

1. September 29, 1899 Other

Newspaper Excerpt: The summons, after setting forth the facts regarding the insolvency of the bank and the appointment of the plaintiff's as receivers, proceeds to relate that Feb. 6, 1896, Samuel E. Dawson and William Dawson made a promissory note to the bank ... plaintiffs pray judgment ... and that plaintiffs are entitled to a first lien upon all of the property owned by the defendants.
Source: newspapers

2. * Receivership

Newspaper Excerpt: M. H. Sullivan, as receiver of the Union Stock Yards bank, South St. Paul; ... the insolvency of the bank and the appointment of the plaintiff's as receivers, ...
Source: newspapers

Newspaper Articles (1)

1. September 29, 1899 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, September 29, 1899

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Article Text

the Bases of the Cause of Action. The promissory notes given by William Dawson and his sons, William Dawson Jr. and Samuel E. Dawson, to the Bank of Minnesota, are again the subject of legal contention, Frank A. Seymour and W. H. Lightner, as receivers of the bank, having begun proceedings in the district court to establish a first lien upon all the property owned by the Dawsons. The defendants in the summons for relief, as it is designated, form a long list, as there are included all of the other corporations and persons who are known to have claims against the Dawson property. These defendants are as follows: Samuel E. Dawson, William Dawson, Mary F. Dawson, his wife, Alpheus B. Stickney, as assignee of William Dawson, insolvent; William Dawson Jr., Maria R. Dawson, his wife; Thomas L. Blood, as assignee of William Dawson Jr.; O. H. Arosin, as county treasurer; Allemannia bank, Allan Black, Helen E. Brown, Citizens' Savings Bank and Trust company, L. Bertram Cady, Michael Doran, Spencer E. Davis, F. E. Elmund, county treasurer; First National Bank of Detroit, Minn.; John W. S. Frost, Richard J. Hill, Jared How, Iowa Land company, limited, Edwin N. Lightner, trustee for Martha Lightner; Merchants' National Bank of St. Paul, Mechanics' National Bank of New York, Emma P. Matthews, as administratrix of the estate of George H. Matthews, deceased; National German-American Bank of St. Paul, Herman W. Phillips as receiver; Robert D. Stewart, Katherine S. Stewart, Margaret Schutte, Louis N. Scott, Rosa L. Schurmeier, as executrix of the estate of Gustave T. Schurmeier, deceased; M. H. Sullivan, as receiver of the Union Stock Yards bank, South St. Paul; enry Stein, St. Paul Title and Trust company., W. H. Yardley, as receiver of the Azotine Manufacturing company, and the county commissioners of Ramsey county Minnesota, and the Fort Dearborn National Bank. The summons, after setting forth the facts regarding the insolvency of the bank and the appointment of the plaintiff's as receivers, proceeds to relate that Feb. 6, 1896, Samuel E. Dawson and William Dawson made a promissory note to the bank for $10,000, and on the same date another note for $20,000; that on Aug. 18, 1896, Samuel E. Dawson, William Dawson and William Dawson Jr. made a note of $16,068.45; that on Nov. 1, 1896, the maker and another person made a note to the Bank of Minnesota of $1,500, upon which they subsequently paid $600, and on March 9, 1899, to secure the bank, assigned to plaintiffs the Dawson note of $16,068.45. The plaintiffs pray judgment that there is due them from the defendants, Samuel E. Dawson and William Dawson, $66,068.45, and from William Dawson Jr. $16,068.45, and that plaintiffs are entitled to a first lien upon all of the property owned by the defendants Samuel E. Dawson, William Dawson and William Dawson Jr.