9909. Allemannia Bank (St Paul, MN)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 9, 1900
Location: St Paul, Minnesota (44.944, -93.093)

Metadata

Model: gpt-5-mini
Short Digest: d9af169b

Response Measures

None

Description

Court-appointed receivership began June 9, 1900; numerous subsequent court actions, assessments, and enforcement of stockholders' liability are described. No newspaper text describes a depositor run; the bank was insolvent and placed in receivership (government/court action) and remained defunct under receiver control. Mentions of prior reopenings in the 1896–1900 period are historical context but do not indicate a successful ongoing reopening after the 1900 receivership.

Events (5)

1. June 9, 1900 Receivership

Newspaper Excerpt: William F. Hunt was yesterday appointed receiver of the Allemannia bank by Judge Lewis of the district court. The appointment was made upon the application of W. B. Douglas, attorney general of this state. The court orders that said receiver shall file a bond for $15,000 ... convert the bank's property and effects into money and in due time, as the court may direct, apply the same to the debts of said bank. (The Saint Paul Globe, 1900-06-09).
Source: newspapers

2. July 11, 1900 Other

Newspaper Excerpt: State of Minnesota ... It is hereby ordered that all creditors of said defendant. The Allemannia Bank of St. Paul. exhibit their claims, duly proved and verified, and file the same with the Clerk of this Court ... first publication thereof be on the 11th day of July, 1900. (The Saint Paul Globe, 1900-07-11).
Source: newspapers

3. April 3, 1901 Other

Newspaper Excerpt: Stockholders in the Allemannia bank, twice closed under orders from the state bank examiner, will have to suffer an assessment against their holdings. The order to this effect was yesterday issued to Receiver Hunt by Judge Otis ... liabilities amount to $77,000 ... Judge Otis accordingly instructed that the assessment be made. (The Saint Paul Globe, 1901-04-03).
Source: newspapers

4. February 11, 1902 Other

Newspaper Excerpt: W. F. Hunt as receiver of the Allemannia bank against Mrs. Margaret Fitzgerald and E. A., Marks to enforce liability on stock Judge Otis tiff. yesterday directed verdicts for the plain... (The Saint Paul Globe, 1902-02-11).
Source: newspapers

5. March 4, 1904 Other

Newspaper Excerpt: Judge Bunn, in a decision filed yesterday, holds Timothy Reardon liable for forty-eight and one-half shares of stock in the defunct Allemannia bank. The suit was brought by W. F. Hunt, receiver of the bank ... (The Saint Paul Globe, 1904-03-04).
Source: newspapers

Newspaper Articles (12)

1. June 9, 1900 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, June 9, 1900

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Article Text

COURT NAMES RECEIVER WILLIAM F. HUNT IS PLACED IN CHARGE OF THE ALLEMANNIA BANK SALARY IS FIXED AT $1,500 Receiver Is Directed to Enforce Statutory Liability of Stockholders and Convert Assets Into Money. William F. Hunt was yesterday appointed receiver of the Allemannia bank by Judge Lewis of the district court. The appointment was made upon the application of W. B. Douglas, attorney general of this state. The court orders that said receiver shall file a bond for $15,000, to be signed by one or more good sureties, and that he shall take charge of the property of said institution and collect, sue for and recover the debts and demands now due, and if necessary, enforce the statutory individual liability of the stockholders of said bank. He shall also, as speedily as possible, convert the bank's property and effects into money and in due time, as the court may direct, apply the same to the debts of said bank. The court fixed the salary of the receiver at $1,500 a year, to be paid in monthly installments of $125.

2. July 11, 1900 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, July 11, 1900

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Article Text

STATE OF MINNESOTA, COUNTY OF Ramsey-District Court, Second Judicial District. State of Minnesota, ex rel. W. B. Douglas, Attorney General, plaintiff, vs. The Allemannia Bank, a corporation, defendant. On reading and filing the petition of William F. Hunt, receiver of the defendant in the above entitled action, It is hereby ordered that all creditors of said defendant. The Allemannia Bank of St. Paul. exhibit their claims, duly proved and verified, and file the same with the Clerk of this Court and become parties to the above entitled action, within six months from the first publication of this order as hereinafter directed, and all creditors who fail so to exhibit and file their claims duly proved and verified within the time aforesaid, shall be precluded from all benefit of the judgment which shall be rendered in this action and from the distribution of the assets of said insolvent bank which shall be made under such judgment. It is further ordered that the claims of all the creditors SO exhibited and filed herein within said period of six months from the date of the first publication of this order shall stand as allowed and constitute and be valid claims against said insolvent bank unless objection is made to the same or some part thereof by said receiver or some other party in interest by way of an answer in writing filed in this Court within twenty days 'after the expiration of the aforesaid period of six months. It is further ordered that notice of this order and of the appointment of said receiver be given to the creditors of said bank by publishing this order once in each week for two successive weeks in the "St. Paul Pioneer Press," "St. Paul Globe," "St. Paul Dispatch" and "Die Volkszeitung," daily newspapers printed and published in the City of St. Paul in said Ramsey County, and that the first publication thereof be on the 11th day of July, 1900. Let a postal card copy of this order be mailed to each creditor of said bank, directed to his last known place of address on or before August 1st, 1900. Dated July 9th, 1900. OLIN B. LEWIS, District Judge. Blank proof of claims can be procured from ife the receiver at No. 916 New York

3. April 3, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, April 3, 1901

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# BLOW TO STOCKHOLDERS OWNERS OF ALLEMANNIA BANK STOCK TO BE ASSESSED 100 PER CENT LITIGATION WILL FOLLOW Mulcted Ones Will Set Up Defense That They Were Assessed on the Reorganization Scheme. Stockholders in the Allemannia bank, twice closed under orders from the state bank examiner, will have to suffer an assessment against their holdings. The order to this effect was yesterday issued to Receiver Hunt by Judge Otis, and will be carried into effect by that official, unless the courts are appealed to. The matter came up yesterday before Judge Otis on petition by the receiver for an assessment, and the argument indulged in by the attorneys representing the several interests were mainly on how large the assessment should be. The present assets of the bank are placed at $17,500, while the liabilities amount to $77,000, of which $5,000 in claims have been disallowed. This practically makes an indebtedness of $54,000, which, with the expenses of the receivership, would bring the liability of the defunct corporation up to a figure that not less than an assessment of 100 per cent would wipe out. Judge Otis accordingly instructed that the assessment be made. Attorney Trask, acting for the receiver, informed the court that he had inquired into the responsibility of the 250 or more stockholders of the bank and had found a rather mixed state of affairs. The holders of $6,400 of the stock were entirely solvent and had no defense against the liability; the holders of $12,500 were probably solvent, with the only defense that they had paid one assessment; the holders of $22,500 were solvent with no defense, except an assignment of their stock, and the remainder, representing about $26,500 of the stock, not solvent. There were others,

4. October 31, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, October 31, 1901

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TECHNICAL POINT RAISED. Receivership of Allemannia Bank May Be Invalidated. A question was raised in Judge Jaggard's court yesterday that bids fair to cause trouble for W. F. Hunt as receiver of the Allemannia bank. It appears that when Judge Lewis appointed Mr. Hunt as receiver of the bank he simply appointed him as receiver of "the Allemannia bank, a corporation." The appointment should have read as receiver of "the Allemannia Bank of St. Paul." While this is a small technical point It may involve the validity of all acts since the appointment. The court may SO amend the appointment as to make the proceedings valid, entering a decree to that effect.

5. November 22, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, November 22, 1901

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Sue to Quiet Title. William F. Hunt, as receiver of the Allemannia Bank of St. Paul, and Ex-Sheriff John Wagener are co-defendants in a suit brought by G. A. Krauth, as administrator for the estate of Mary Virginia Krauth, deceased. The complaint states that the deceased was the owner of certain sheriff's certificates to property in Easyville Heights to the value of $159.30. The complaint further alleges that the Allemannia bank purchased the certificates from Wagener and paid him the above amount for them and the receiver now lays claim to their title. The suit is to quiet the title of the bank and to recover the amount paid for them from Wagener.

6. November 28, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, November 28, 1901

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den in 1879, and in April of 1892 the de- fendant left home and the plaintiff al- leges that she does not know of his whereabouts. Judge Lewis yesterday requested the attorneys in the two cases brought by John A. Baker against Charles L. Covel to quiet title in certain proprety in Ram- sey county to submit briefs in the case. Both plaintiff and defendant offered evi- dence of a documentary nature, and the plaintiff filed stipulations of the counsel as testimony. William F. Hunt, as receiver of the Al- lemannia Bank of St. Paul, is suing to recover on stockholders' liability from Charles and Hugh Burns et al., in the case of the defunct bank. The defend- ants were not originally stockholders in the bank, but received the stock at the death of their uncle, one Fitzpatrick.

7. December 21, 1901 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, December 21, 1901

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To Enforce Liability. William F. Hunt, as receiver of the Allemannia bank, of St. Paul, has filed suit in the district court against Roswell C. Coleman, as executor of the last will and testament of Sarah W. Coleman, deceased. The purpose of the action is to enforce the constitutional liability upon $300 of stock in the insolvent bank. Effective Sunday, December 22, "The Milwaukee" Pioneer Limited will leave St. Paul 8:35 p. m. (twenty-five minutes later than heretofore). arriving Milwaufee 7:00 a. m. and Chicago 9:30 a. m. Early evening train (No. 2) will leave St. Paul 6:00 p. m., arriving Chicago 7:00 a. m. Day train- to Chicago will leave St. Paul 8:30 a. m., arriving Milwaukee 7:05 p. m., Chicago 9:45 p. m. (no change in time of this train). Afternoon Fast Mail (No. 58) will leave St. Paul 3:00 p. m. and will carry passengers as far as La Crosse only.

8. February 11, 1902 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, February 11, 1902

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DISTRICT COURT NOTES. Judge Kelly filed an order yesterday directing judgment for the plaintiff in the suit of the Northwestern Mutual Life Insurance company against Louis F. Wise et al. to foreclose a mortagage of $1,109.88 and collect $439.28 for taxes and assessments paid. Judge Kelly filed an order yesterday directing judgment for the plaintiff in the case of W. P. Westfall against Terence Kenny to foreclose a mortgage of $900 on the center third of lots 1 and 2 Paul. of block 2, in Brunson's addition to St. Agnes M. Stout, Silas B. Walsh and Henry J. Schuldt were yesterday discharged from bankruptcy. In the criminal branch of the district court Judge Jaggard has on trial the case of William, alias "Butch" Johnson jointly indicted with William Donohue on the charge that one night last November they stopped Nic Keiffer on the road near White Bear and robbed him of $12. The jury in the case of Nicholas Betzold against the American Bridge company returned a verdict awarding the plaintiff damages of $7,000. In the cases of W. F. Hunt as receiver of the Allemannia bank against Mrs. Margaret Fitzgerald and E. A., Marks to enforce liability on stock Judge Otis tiff. yesterday directed verdicts for the plainJulius Bjornstad has filed suit in the district court against Peter Haupers et al. to quiet title to a portion of Tilton Acre, so-called, which is located in Irvine's addition to St. Paul. The will of Bernard Michel which was filed with the judge of probate some days ago has been admitted to probate.

9. March 23, 1902 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, March 23, 1902

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# CREDIT FOR STOCKHOLDERS. Allemannia Bank Decision of Importance by Judge Brill. According to a decision made by Judge Brill in the district court yesterday stockholders of the Allemannia bank who paid in money at the time of the reorganization of the concern are entitled to have it credited against their stock liability. The decision was given in the case of William F. Hunt, the receiver, against Charles G. Rozen, who was asked to pay $250. If applied to all the stockholders the decision will reduce the assets of the bank about $30,000. It will probably be appealed to the supreme court.

10. March 4, 1904 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, March 4, 1904

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# REARDON LIABLE ON # SHARES OF BANK STOCK Court Holds That He Must Make Good for 48½ Shares of Allemannia. Judge Bunn, in a decision filed yesterday, holds Timothy Reardon liable for forty-eight and one-half shares of stock in the defunct Allemannia bank. The suit was brought by W. F. Hunt, receiver of the bank, to have the court determine the defendant's statutory liability on the bank stock. Fifteen shares of the stock purchased by the defendant had been placed in the name of his wife, but the court holds that Mrs. Reardon knew nothing of such a purchase and that when she learned of it she refused to accept the stock, which has since been held by Mr. Reardon. Under the circumstances the court holds that Mr. Reardon is liable for not only his own stock, but that purchased in the name of his wife. A former suit brought against Mrs. Reardon to recover on the stock liability failed, the jury finding for the defendant.

11. June 2, 1904 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, June 2, 1904

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Argued in Supreme Court. In the state supreme court yesterday the following cases were argued and submitted: William F. Hunt, as receiver of the Allemannia bank, St. Paul, against M. Doran, respondent; The City of Winona, respondent, vs. M. S. Jenkins et al, defendants, and The Fidelity Deposit Company of Maryland, appellant; The City of Winona, appellant, vs. M. S. Jenkins et al., defendants, and The Fidelity Deposit Company of Maryland, respondent.

12. March 29, 1905 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, March 29, 1905

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ENOS NOTE TANGLE Savings Bank Wins Suit to Recover Paper A decision settling, in so far as the Ramsey county district court is concerned, a litigation in which four banks and half a dozen individuals are involved, was announced yesterday by Judge Lewis. The matter was that of the petition of Charles E. Otis, receiver of the Savings bank of St. Paul and the Mechanics National bank of New York, to discover the legal claims of Fred M. Loomis to collect upon a note for $10,000 given by the Savings bank of St. Paul to the Allemannia bank for sixty days in 1896. Judge Lewis decides that the note had been fully paid by the Savings bank and orders Fred M. Loomis, holder of the note, to turn over collateral which he holds to Messrs. Nixon and Sheehan, receivers of the Minnesota Savings bank, and to Judge Otis, receiver of the Savings bank of St. Paul. In the summer of 1896 the $10,000 note, secured by `realty mortgages and bonds was given by the Savings Bank of St. Paul to the Allemannia bank, for sixty days. Shortly afterwards the Allemannia bank, the Savings bank having suspended in the meantime, and itself being hard pressed for funds, discounted the note to the Mechanics National bank of New York. Soon afterwards the Allemannia bank failed. Later it reopened its doors and payments were begun upon the note. These payments were credited to the account of the Mechanics National on the local bank's books and finally the note was completely satisfied and was returned shortly after the bank had suspended for the second and last time. W. F. Hunt, the receiver, came into possession of the note which had been returned, made on the Savings bank and found only a couple of small payment indorsements upon its back, so he concluded that it was still negotiable property and Fred M. Loomis bought it, together with certain of the securities which had been given when the note was first made. Investigations showed that the note was fully satisfied and the suit resulted to ascertain the claims of Mr. Loomis for collection.