9923. Farmers & Mechanics Bank (St Paul, MN)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 25, 1880
Location: St Paul, Minnesota (44.944, -93.093)

Metadata

Model: gpt-5-mini
Short Digest: 99708759

Response Measures

None

Description

The bank suspended on June 25–26, 1880 due to inability to realize on securities; directors voted an assignment and liquidation (per articles). No run is reported.

Events (1)

1. June 25, 1880 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure to realize on securities on hand; immediate trigger was presentation of a $10,000 city treasurer's check which the bank could not pay; assets largely illiquid (notes, mortgages) leading directors to assign assets and liquidate.
Newspaper Excerpt: The Farmers and Mechanics' bank of St. Paul...suspended business about 11:30 yesterday morning. The immediate cause of the suspension was the inability of the bank to meet a check drawn by City Treasurer Renz...
Source: newspapers

Newspaper Articles (14)

1. June 26, 1880 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, June 26, 1880

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Bank Suspension. Sr. PAUL, Minn., June 24-The Farmers' and Mechanics' Bank suspended today. Cause: The failure to realize on on the security on hand. The immediate cause was the presentation of a check for $10,000, drawn by the City Treasurer, which the bank could not pay. The assets are said to be $102,000, and the liabilities $45,000. It is only temporarily. LATER- At a meeting of directors tonight. It was concluded to make an assignment of the assets of the bank for the benefit of its creditors, and the process of winding up the affairs of the institution will commence at once. Jno Farmington, president of the bank, is prostrated will illness by the failure.

2. June 26, 1880 Daily Globe Saint Paul, MN

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BANK SUSPENSION THE FARMERS AND MECHANICS' BANK OF ST. PAUL. Unable to Meet Its Obligations Yesterday Suspended Business and Will Go into Liquidation-No Loss to Depositors and But Little to Stockholders. The Farmers and Mechanics' bank of St. Paul, located at 181 West Third street, suspended business about 11:30 yesterday morning. The immediate cause of the suspension was the inability of the bank to meet a check drawn by City Treasurer Renz, in favor of the Second National bank, for the full amount of the city's balance at the Farmers' and Mechanics' bank. It is said that Mr. Renz had been for two or three days in receipt of the information tending to make him believe that the bank was weak, and the repetition of that information yesterday morning caused him to draw for the city's balance. The check was thrown out at the clearing house, and soon after the clearing house was formally notified that the bank was unable to meet its obligations and had suspended. The bank has been doing a small and consequently not profitable business for som e time, but the principal cause ot its failure is in a large proportion of its assets being in such shape that they could not be converted into money. It is said to be complicated with the Culver estate to the extent of $35,000 or more, and to have some other assets which is also temporarily inconvertible. But, except from the delay which must necessarily attend a settlement of the affairs of the bank, the creditors will lose nothing, and, under favorable circumstances, the stockholders will probably also be saved from loss. TAE CAPITAL STOCK of the Farmers and [Mechanics' Bank is $50,000, divided into shares of $100 each. The stock list and number of shares in each name is as follows: C. A. Morton, 150 shares; A. Wharton, 93; Wharton & Morton, 22; John Farrington, 60; George Culver, 60; Culver & Farrington, 32; Morris Lamprey, 25; John R. Irvine, 20; R. T. Hand, 10; George Mitsch, 10; H. D. Schmidt, 10; G. S. Moore, 5; F. J. Metzger, 2; and Farrington, Wharton & Morton, 1. The present officers are: John Farrington, president; Alfred Wharton, vice president; H. S. Hurter. assistant cashier. Directors: Alfred Wharton, C. A. Morton, Geo. Mitsch, John Farrington, G. S. Moore, H. D. Schmidt and George Mitsch. The bank was organized in November, 1871, and began business with the following officers: John Farrington, president; Alfred Wharton, vice president; and C.A. Morton, cashier. Directors-Georg Culver, Alfred Wharton, Morris Lamprey, Butler Comstock, George Mitsch, John Farrington, Wm S. Wright, H. J. Taylor and C. A. Morton. Of this original board of directors five are now dead, viz: George Culver, Morris Lamprey, Butler Comstock, Wm. S. Wright and H. J. Taylor. And two others, subsequently members of the board of the directors, are also dead, viz: John R. Irvine and R. T. Hand. THE ASSETS AND LIABILITIES of the bank are as follows: Assets $102,337.38. Liabilities $95,800. The assets consist of bills receivable, mortgages and cash. The liabilities consist of $50,000 capital stock and $45,000 due depositors, etc. Among the deposits are $10,152.02 to the credit of the city treasury of St. Paul, and $4,144.24 to the credit of the treasury of Ramsey county. The State did not deposit with this bank. The city deposit is secured by a bond given by Messrs. Farrington, Morton, Wharton, Moore and Mitsch, and Mrs. Irvine. The county deposit is secured by a bond given by Messrs. Culver, Wharton, Farrington, Morton and Irvine. The remaining deposits, amounting to $31,604.74, besides those credited to stockholders, are quite widely divided, generally to the credit of residents and business men of upper town. There are not. so far as could be learned, any heavy deposits, and there are but few whom the delay of judgment will seriously embarrass. When the condition of the bank became known yestcrday afternoon PROFFERS OF ASSISTANCE were made and it became evident that if assist ance had been asked the bank need not have suspended and that if it would be accepted the bank might resume business this morning. Thestockholders were called together last evening and had a long consultation, ending in a resolve to close the bank and put its affairs in liquidation. This determination was based upon the opinion that the business was not sufficiently promising of prospects to justify the responsibilities and expenses which would be increased in undertaking to resume the business. All present were assured that not only will the depositors be paid in full within a reasonable time but that ultimately there will be little any loss to the stockholders. Details of the arrangements for liquidating were not concluded at a late hour last night.

3. June 26, 1880 The Cincinnati Daily Star Cincinnati, OH

Article from The Cincinnati Daily Star, June 26, 1880

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Brief Bulletins. Freshet on the Wabash. George Fox drowned at Clyde, O. John Watts drowned at Galena, 111. Population of Columbus, o., 51,337. Max Trindle killed by cars at Troy, O. Samuel Sackner suicided at Holly, Mich. Jacob Lawyer's barn burned at Hume Station, O. John Burke killed by cars at South Charleston, O. Gerhard Schimpfgen killed by lightning at Milwaukee. Mr. Olstrain's three children drowned near Galena, III. Mrs. Goodell's residence burned at Akron, O. Loss $5,000. Farmers' and Mechanics' Bank suspended at St. Paul, Minn. Charles Cheney killed by a boiler explosion at Findlay, O. Congregational Church, Ashtabula, O., struck by lightning. Florian Poickert, grocer, killed by lightning at Meadville, Pa. Miss Betsy Estep's building burned at Liberty, Ind. Loss $3,500. Steinfield & Co.'s shoe store robbed at Etna Green, Ind. Loss $900. Conant's grocery, East Liverpool, O., damaged $2,000 by heavy rains. Young Haney, from near Dayton, O., killed by lightning at Canton. Joe Westfall, desperado, killed by John Turke in self-defense at Detroit. Joseph Daws, once worth $6,000,000, is now in the Poor-house at Milwaukee. Twenty-nine stores and other buildings burned at Bradford, Pa. Loss $20,000. Andy Moyniban's sentence commuted to imprisonment for life at Logansport, Ind. a Levi Kelp, in the Ohio Penitentiary, confesses to murdering Noah Opt in Seneca County by poison. g Mrs. Williams, outraged and beaten y when her husband was murdered, near ot Indianapolis, is dead.

4. June 28, 1880 Daily Republican Wilmington, DE

Article from Daily Republican, June 28, 1880

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NEWS SUMMARY. Smit against the Nersgensets.SupDosed death,by violenco-Ntabbed to Death by Roughs- Other accidents, Incidents, Crimes and Casualties. James Kennedy, a jewelry peddler of y N.J., was found dead in & in on Newark, Friday. room in a A hotel Corener's Hartford, jury has death Coun, return ed a verdict that Kennedy's was caused by his being kicked by some unknown person while suffering from an enlargement of the spleen. Cornelius Mayer, a well known glass of was stabbed to a in a in manufacturer saloon death, Williamsburg Brooklyn, by gang N. of yesterday Y., roughs, morning. Frank Marley John Brady, and William Thomas Hanley Foster, have been arrested for the crime. The wheat harvest is nearly finished in the southern portions of Ohio, Indiana and Illinois, and the yield in most places range from 15 to 25 bushels to of it 18 per acre-fully the farmers, up said. the expectations The quality been A few oar the shipped is good. East, price loads paid have being 83 to 85 cents per bushe!. When the ship Lillie Soullard, of Yarmouth, N. S., arrived at St. John. N. her B., second from mate, Philadelphia, William Mulholland, yesterday, authorwas handed over to the police ities, for having killed a seaman, RAM ed Lamborn, on the voyage, while the latter was assaulting the first mate. A man named Ford died in Elizabeth, received an omery in wheel, N.J., on by Friday Singer's the barsting night, Sewing from of Machine injuries the was a seriously Works, injured day before. by similar A boy accident three weeks ago. f A letter has been received in Lead ville, Colorado, from a man named Blake Burton, who left last April, with two others, for Gunmison. Barton says he they is having a captive killed among his the companions, he Ute is Indians, but he hoped to escape, as on good terms with several of his captors. About one hundred drivers on the Second Avenue street railway in New York struck yesterday for an advance of 25 cents per day. Some disturbance occured and several arrests were made. The Third Avenue drivers are expected to follow suit 10 day. The commencement exoercises of the at inaugurated Lafayette College, yesterday Easton, morning, Pa., in were the the chapel, President Cattell preaching baccalaureate sermon. To-day will be Senior Class day, to morrow Alumni day, and Wednesday Commencement day. Rev. James Jamisson, for fifty years a Methodist minister in North Carolina and Virginia, in Mecklenburg county, Va., on Friday, and was buried in Danville yesterday. His funeral was very largely attended. Attorney General Ward, of New has an are as graph York, pcles given taxable opinion real that estate telein the towns in which they are sitna. are to name of to ted, "and and the be company assessed owning in the the line and not in any wise as "nonresident.' William W. Beady, convicted of manslaughter in New Orleans, in killing Mrs. Herbert, by throwing her a was on to sentenced from the third Saturday story of 20 house, years in. prisonment at hard labor. A jealous young woman named Keiser shot at and missed William her Ziegler, sweetheart, and Ohio, then shot Friherself dead, near Paris, on day. The wife of Governor Williams, of Indiana, died yesterday in Wheatland, in that State, after a long illness. James P. Hughes was drowned while bathing in Dead Lake, at Asbury Park, N. J., on Friday. The Farmers and Mechanics' Bank of St. Paul, Minn., suspended on Friday. Its assets are reported at $142,000; lia bilities only $45,000. An early resumption is expected. Thomas B. Hopper was hanged at Greenfield, Mo., on Friday, for the murder of Samuel C. Ham, committed on August 29, 1879. He asserted that he was ionocent. George B. Gates, Vice President and General Manager of the Buffalo, New York died last night, and Philadelphia in Buffalo, aged Railroad, 68 years. E. H. Lathrop, of Springfield, Mass., one of the leading Butler men in Massachusetts, has resigned his membership in the Butler State Committee. Wrecked Railread Trains.

5. June 28, 1880 Wheeling Register Wheeling, WV

Article from Wheeling Register, June 28, 1880

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Bank Failure Sr. PAUL, MINN., June 25.-The Farmers' and Mechanics' Band suspended today: cause, failure to realize on security on land. The immediate cause was the presentation of checks for $10,000, drawn by the city treasury, which the bank could not pay, The assets are said to be $102,000 and the liabilities $45,000. The suspension is believed to be only temporary. Last night, at a meeting of the directors it was concluded to make an assignment of the assets of the bank for the benefit of the creditors, and the process of winding up the affairs of the institution will commence at once. John Farmington. President, is prostrated with illness by the failure.

6. June 28, 1880 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, June 28, 1880

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Bank Failure at St. Paul. ST. PAUL, Minn., June 26.-The Farmers' and Mechanics' Bank suspended yesterday. Cause, failure to realize on securities on hand. The immediate cause was tho presentation of a check for $10,000, drawn by the city treasurer, which the bank could not pay. Assets $102,000; liabilities $45,900. The suspension is believed to be temporary.

7. June 28, 1880 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, June 28, 1880

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NEWS OF THE DAY. Six steamers sailed from New York for Europe Saturday. The first c'a's passenger lists aggicgated over 500 The wife of Governor Williams, of Indisna, died illness. yesterday. at Wheatland, Ind., afteralong Hendrick B. Wright, of Persitvania, has failed to obtain a renomination to Congress at the hands of his Wi kesbarre constituents. For the 24 hours which ended Saturday last 207 deaths were reported in New York-the highest mortality this year. No one accepts the result of the Ciocionati convention with more obecrfulness than Gov. Hendricks. He characterizes Gen. Hancock 68 a man of decided ability. Attorney General Ward, of New York, de. cides that telegraph poles and wires are taxable as real cetat. The Farmers' and Mechanics' Bak at St. Paul, Minn., has suspended. being unable to cash a oity check for $10,000. At the Wheeling, W. Vs., democratic ratifi estion meeting Saturday, a cauoon burst, killing a man named McCarchy and a boy named Nidert. In delivering the bacealaureate sermon at Yale College yesterday President Porter discussed the conflict between science and faith, and uphold the truths of the Christian religion. An order Was cranted by Jadge Cox in the Equity Court. Washington, Saturday, for the distribution of the upoalled for dividends of 372 depositors in the late Washington City Savings Bank, unless claimed before Ostober 15:h next. The back failed in 1873, and 88 per cent. of the debts have been paid. It is a lucky thing for Hancock that he lives in a fort upon an island and has a guard around him. He is able to scolude himself from the thousand dear friends who wint to congratulate him and ask to be remembered when he is elcoted. Notwithstanding his defenses, the ferry boats are coining money in carrying "pilgrims" to Governeur's Island. Ex Sepator Steckton. of Now Jersey. chairman of the delegation appointed to notify Gen. Hancock of his nomination, sent him a dispatch asking when he would meet the committee to inform him of his nomination. The General replied at any time on 8 day's previous notice. July 12th and the New York Hotel have been fixed as the time and place. Mr. Tilden says that be approves of the nomication of Gen. Hancock "entirely and without reserve:" regards it as the best that could have tesn made, and that Hasoocks was the man he favored for the nomination; that the democratic ticket will cirry Now York, and. in his judgment, the ticket has every rea* sonable prospect of success. The controller of the currer cy will not withdraw all $100 national bank notes from circulation, but gives notice that no person should receive any note of that denomination on the National Revere Bank ct Boston, the Pittsburg Na tional Bank, the Merchanics' Bank of New Bedford, Mass., the Pittsfield National Bank of Massachusetts, and the National Exchange Bark of Baltimore.

8. June 28, 1880 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, June 28, 1880

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MINNESOTA. Suspension. Sr. PAUL, June 26. The Farmers and Mechanics bank has suspended. Cause, failure to realize on securities on hand. The immediate cause was the presentation of a check for $10,000 drawn by the city treasurer, which the bank could not pay. Assets $102,000, liabilities $45,000.

9. June 28, 1880 Evening Star Washington, DC

Article from Evening Star, June 28, 1880

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WD. P. Newell, a real estate dealer, of Chicago, who had become insane with the idea that he had invented a life-preserver made of lead, told his wife last week he was going to try it, got on a steamer, and when half way across Lake Michigan quietly undressed, bound the lead around his body and slipped overboard. His body was not recovered. During the 24 hours ended noon Saturday in New York 207 deaths occurred. and for the week 1,038. This is the highest rate of mortality recorded this year. The increase is chiefly due to the fatal prevalence of cholera infantum among the children, especially of the poor. **Charles Atherton, a son of Congressman Atherton, has disappeared from his home In Columbus, O. He left a note saying he intended committing suicide. Edward Stevens, of Eufaula, Ala., had both arms shattered by the premature explosion of a cannon fired in honor of Hancock and English. He has since died. The Farmers' and Mechanics' bank, at St. Paul, Minn., has suspended, being unable to cash a city check for $10,000. The bank failed to realize on the securities on hand.

10. July 1, 1880 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, July 1, 1880

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LATER. UN Bradlaugh's release from imprisonment on the 25th, he took a seat outside the bar of the House of Commons. A notice was given that a motion would be made to reconsider the vote excluding him. THE German Bundesrath has refused to entertain the proposition to restore the double coin standard. THE steamer Dessouk, with the Egypt:an obelisk on board, sailed from Gibraltar for New York on the 25th. THE British House of Commons has voted, by 153 ayes to 117 noes, to close all saloons on the Sabbath. THE Secretary of War on the 25th suspended the recommendation of the West Point Academy Board that Cadet Whittaker be dropped on account of deficiency in his studies. This will give him an opportunity of demanding a court-martial in his caseif he desires to vindicate himself. If he should be dismissed now, he would have no chance of being further heard. THE excess of exports from over imports into the United States during the twelve months ended May 31, 1880, was $162,183,693. THE appeal of the Tichborne claimant to have the two sentences passed on him for perjury made concurrent, instead of consecutive, has be denied by the British Court of Appeals. THE bill legalizing marriage with a deceased wife's sister was defeated on the 25th by the British House of Lords. THE Farmers and Mechanics' Bank, a State institution at St. Paul, Minn., failed on the 25th, with liabilities of about $95,000 and assets of $102,000. A FIRE in Tarport, Pa., a town of two thousand inhab tants, on the afte: noon of the 25th destroyed two hotels and twenty-nine stores. Loss, about $30,000. On the same day thirty-five houses were destroyed by fire at Kendall, a suburb of Bradford, Pa. The fire was caused by the explosion of a gas stove. Loss estimated at $70,000. Two MEN were killed and two fatally injured by a falling wall at a fire in Elizabeth, N. J., on the night of the 24th. THE population of Columbus, O., has been ascertained to be 51,337, which is a gain of 20,063 in ten years. T. H. HOLMES, a Lieutenant-General in the Confederate service, del recently at Fayetteville, N. C., aged seventy-six. THREE boys, Gustave Ohr, George Mann and John Sammet, under twenty years of age, were hanged at Canton, Ohio, on the 25th, the first two for the murder of an old farmer, and the last for the murder of a man who was a witness against him in a burglary case. Hyde Brown, who murdered his motherin-law, was also hung at Huntsville, Mo., on the 25th. Brown's wife shot herself a few days before, in pursuance of a mutual promise to commit suicide, and died. Brown took a large dose of morphine, was discovered, pumped out and hung as stated.

11. July 2, 1880 The Morris County Chronicle Morristown, NJ

Article from The Morris County Chronicle, July 2, 1880

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A WEEK'S EVENTS Eastern and Middle States. 48 a ferryboat at Athens, N. Y., was leav. ing her slip one of the heavy weights attached to the bridge broke from its tastening and fell upon three boys who were standing under it. All three were probably fatally injured. Dr. James A. McCrea, a prominent physician of Philadelphia, aged sixty-seven years, committed suicide by cutting his throat. The Maine Greenbackers of the fifth congressional district have renominated Hon. Thompson H. Murch for Congress. Two men were killed and several more injured by the falling of a wall of a burning building in Elizabeth, N. J. The census returns show that the population of New York city is, in round numbers, 1,200,000, a gain of 250,000 since 1870. Before a fire that broke out in the Westcott house, Bradford, Pa., could be subdued it destroyed thirty-one light frame buildings, including the postoffice and oil exchange, causing an aggregate loss of $35,000. Patience Vincent, a girl fourteen years old, living at Lambertville, N. J., was bitten by a pet dog about a month ago, and the other day the girl was taken with spasms, snapping and growling like a dog, and finally died in great agony with all the symptoms of hydrophobia. George J. Haisley, aged ninety-one years, and a soldier of the war of 1812, was found dead in bed in Harrisburg, Pa. President Hayes and family were present at the commencement exercises of Yale college, in New Haven. One week's mortality report in New York shows the number of deaths to be 1,038, of which 500 were children under one year of age. Western and Southern States. Cincinnati is shown by the census to have a population in round numbers of 300,000. Professor John A. Gillespie, professor of languages and mathematics at Loyola college, Baltimore, was drowned while bathing in the Patapsco. Martial law has been abrogated in Leadville, Col., the striking miners having resumed work. At Canton, Ohio, a few days ago, George W. Mann, aged eighteen, G. A. Ohr, aged seventeen, and John Sammit, aged seventeen, were hanged for murder. The two firstnamed killed and robbed an old man while he was asleep, and the last-named murdered a boy of sixteen who was an important witness against him in a trial for larceny. Twenty thousand people assembled to witness the triple execution, but they were disappointed as the work of death was done in private. The governor ordered out five companies of militia to preserve the peace, and all the saloons were closed. James H. Brown was hanged at Huntsville, Mo., for killing his mother-in-law. A strike of workmen in the sawmills below Jacksonville, Cal., terminated in a riot, during which two policemen were shot and three of the workmen were injured. The yawl-boat of the coast survey steamer Bache, with a dshing party consisting of James Patten, engineer of the Bache, his two sons, William and James Patten, and a third boy, William M. Greenwald, was upset at Baltimore by a tow of barges. The two sons of Mr. Patten and young Greenwald were drowned. The millers' international exhibition, just closed at Cincinnati, did not cover expenses. The Farmers' and Mechan'cs' bank of St. Paul, Minn., has suspended because of a failure to realize on the securities at hand. The assets are largely in excess of the Labilities. Three cars of a train went over an embankment near Sargent, Kansas, and one man was instantly killed and about filteen otl er persons were injured, two or three fatally. A young man of twenty-four and a boy of fourteen were killed by the bursting of a cannon during a Hancock and English ratification meeting in Wheeling, W. Va. Thomas B. Hopper was hanged in Greenfield, Mo., ior the murder of Samuel C. Ham. From Washington.

12. July 3, 1880 The Sentinel Trenton, NJ

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Western and Southern States. A strike of workmen in the sawmills below Jacksonville, Cal., terminated in a riot, during which two policemen were shot and three of the workmen were injured. The yawl-boat of the coast survey steamer Bache, with a fishing party consisting of James Patten, engineer ot the Bache, his two sons, William and James Patten, and a third boy, William M. Greenwald, was upset at Baltimore by a tow of barges. The two sons of Mr. Patten and young Greenwald were drowned. The millers' international exhibition, just closed at Cincinnati, did not cover expenses. The Farmers' and Mechan'cs' bank of St. Paul, Minn., has suspended because of a failure to realize on the securities at hand. The assets are largely in excess of the liabilities. Three cars of a train went over an embankment near Sargent, Kansas, and one man was instantly killed and about filteen oti er persons were injured, two or three fatally. A young man of twenty-four and a boy of fourteen were killed by the bursting of a cannon during a Hancock and English ratification meeting in Wheeling, W. Va. Thomas B. Hopper was hanged in Greenfield, Mo., for the murder of Samuel C. Ham. Adam Kelly walked up to Thomas Holliday, at Paris, Ky., drew out a knife and said: I'd like to cut your throat." Holliday did not wait to let Kelly gratity his desire, but shot himdead. At the Prohibitionist national convention, held in Cleveland, Ohio, 142 delegates were present, representing twelve States. The Rev. Dr. MiLer, of Boston, presided. Judge Black made a speech. For President, Neil Dow, of Maine, was nominated by acclama*ion, and for Vice-President A. M. Thompson, of Westerville, O. The American Institute of Homeopathy has been in session at Milwaukee, Wi3., representatives from all parts of the country being in attendance. United States Senator Vance, of North Carolina, and Mrs. Florence S. Martin were married the other day at the residence of the bride's mother in Oldham county, Ky. Senator Vance was a widower. The Arkansas Greenback State convention has nominated a State ticket with William P. Parks for governor. The Indiana Republicans have nominated Albert G. Porter, first comptroller of the United States treasury, for governor. Judge J. B. Howell, an ex-United States Senator (he was elected in 1870) of Iowa, died at Keokuk in that State a few days ago, aged sixty-tour years. J. B. Omahundro, better known as Texas Jack," the noted scout and plainsman, died at Leadville, Col., and was buried with military honors. A levee on the Mississippi, between Hannibal and Quincy, Ill., gave way, and a vast area of rich farming land wasinundated by the rushing waters. An idea of the damage may be gained from the fact that an extent of country forty miles long and from four to ten miles wide was protected by the embankment. People were compelled to flee for their lives, and in one case an entire family, consisting of a Mr. Freemer, his wife and children, were drowned. The loss to farmers and others will aggregate several hundred thousa nd dollars. At about twelve o'clock at night a metecr, as large as a barrel, started from the zenith, plunged down the northeastern sky and exploded near Macon, Ga., with a report that reverberated for thirty seconds, and shook the earth. The meteor was about five seconds in falling, during which time Macon was lighted up as by a powerful electric light.

13. August 10, 1880 Daily Globe Saint Paul, MN

Article from Daily Globe, August 10, 1880

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FARMERS AND MECHANICS BANK. Reply to the Suit for an Accounting-Denial of the Alleged Fraud. The answer to the complaint in the case of Mrs. Eve Lamprey, Mrs. John R. Irvine and others, against the directors of the Farmers and Mechanics' bank, in which suit was brought for an accounting as stockholders, was filed by Davis, O'Brieu & Wilson, yesterday afternoon. The answer admits that the bank was a legally organized institution, the death of Morris Lamprey and the proceedings in regard to his estate. It is admitted that Morris Lamprey was one of the qualified directors of the bank to the time of his death. It denies any belief that Morton, Wharton, Culver & Farrington ever unlawfully or fraudulenty conspired to divert any of the assets of the bank, or appropriate the same to their private uses or speculations. It is averred that the bank loaned large sums of money by discounting paper and that at the time such loans were made the persons were of undoubted solvency. The same allegations are made in regard to money loaned Culver and his survivors. It is admitted that on June 25th the bank was indebted to deposits in the sum of $58.150. That most of the above was due the city and county, well secured, and that $12,000 was due the defendant Wharton. It is admitted that defendants, including Culver, were once indebted to the bank to the extent of $87,000, and avers that $26,000 was secured on real property in Ramsey county, and $5,200 on the Metropolitan hotel, of this city. It is admitted that said notes have not been paid. Itis averred that when the bank failed it had between three and four thousand dollars in cash. and collectable bills receivable to the amount of $4,000. It admits that if all due the bank had been paid, the failure would not have taken place and that of its debts $61,000 is due from defendants. It denies that the assignment was made to carry out any fraudulent design, but that the assignment was regularly made in all respects. That Mr. Kirk, assignee, did not qualify. and that defendant, C. D. Brien, was duly qualified by Judge Wilkin, and gave bonds in the sum of $207,000. It is averred that all necessary and legal means have and are now being employed to collect what is due the bank, and that plaintiffs have never applied for any relief. It is denied that C. D. O'Brien was ever appointed assignee at the instance of Morton, Wharton. or any of the defendants. Defendant, C. D. O'Brien, denies that he ever had any knowledge of the affairs of the bank prior to the time of his appointment. He avers that he is a proper person to administer the trust and the effects of said bank. It is denied that any member of the firm of Davis, o' Brien & Wilson was ever or is now the legal advisor of Morton, Wharton, Farrington or Culver, or that they knew of or advised the assignment or that the advice of said firm or any of its members was ever asked or given. It avers Morris Lampney, from the date of its organization to the time of his death, well knew the condition of the bank. As to the disposition Wharton, Morton & Farrington made of their property defendants have no knowledge or belief. It is denied that a receiver should be appointed to take charge of the property or etfects of the bank. He denies that plaintiffs have not been allowed to inspect the books or papers of the bank, but that said books are subject to inspections of the stockholders. It is averred that plaintiffs brought the suit in bad faith for the purpose of embarrassing the defendant in the execution of his trust. It is averred that since becoming the assignee of the bank defendant has diligently performed all his duties in the premises, and that if he is permitted to perform his duty as assignee the debts of the bank to its depositors will be paid in full.

14. September 9, 1880 Daily Globe Saint Paul, MN

Article from Daily Globe, September 9, 1880

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Total The committee to whom was referred the matter of purchasing wood for the county reported that they had awarded the contract for said wood to Griggs & Foster at $4.25 for 200 cords of oak wood, and $5.85 for 400 cords of maple wood. Report accepted and adopted. The report of the board of directors of the alms house and hospital for the month of August, 1880, was received and referred to the committee on ways and means. Commissioners Wagner, Grace, Rene and Bohland, a committee appointed to examine the proposed change in the line of the White Bear, Mounds View and Minnespolis road, reported in favor of changing the line of said road as asked for and indicated in the petition therefor. The report of the committee was adopted. Resolved, That the several banks of the city of St. Paul heretofore designated as depositories of county funds by the Board of Audit of Ramsey county, be, and they are hereby requested, to present at the next meeting hereof, new bonds for approval of this board, securing the payment of any and all monies deposited with them by the County Treasurer, pursuant to chapter 38 of the general statutes of the State for the year 1873. Adopted. Ayes-Grace, Rene, Hoyt, Fink, Bohland, Wagner and Mr. Chairman. Resolved, That the sum of eight hundred dollars be, and the same is hereby appropriated by the board of directors of the alms house and hospital for the support of the poor alms house and hospital for the month of September, 1880. Adopted. Ayes-Grace, Rene, Hoyt, Fink, Bohland, Wagner and Mr. Chairman. Resolved, That the County Attorney be directed to commence suit upon the bond of the Farmers & Mechanics' bank for balance of county deposits remaining unpaid at the time of said bank failure. Adopted. Ayes-Grace, Rene, Hoyt, Fink, Bohland, Wagner and Mr. Chairman. Resolved, That the County Attorney be directed to proceed forthwith against all persons selling spirituous, vinous, malt or fermented liquors in Ramsey county without a license. Adopted. Ayes-Grace, Rene, Hoyt, Fink, Bohland, Wagner and Mr. Chairman. The following bills were allowed: J. B. Cook, $6; L. W. Rundlett, $53; Joseph Spiel, $50; W. D. Cornish, $45; C. W. Griggs, $57; Wm. Dawson, $60; John Grace, $60; John Wagner, $51; St. Paul Gas company, $20.13; Otto Dreher, $1.50; Jas. Davenport, $1; Pioneer Press company, $9.65; Mrs. Conlon, $20.25; Summer & Baugh, $12.50; C.C. Miles, $3; Jas. Davenport, Jr., $79.80; Lindekes, Warner & Schurmeier, $155 99; E. H. Milham, $34.50; J. F. Hoyt, $60; Thos. Grace, $45; Henry Bohe, $2.70; A. M. Lowell, $4; Daily Globe, $607.89; Jas. King, $299.10; L. Breidert, $6.15; E. F. Lehmke, $7.50; McCarthy & Donnelly, $16.80; F. O. Olivier, $5; J. Kahlert, $2.50; Dispatch company, $5.25; Ed. McKinney, $5; "The Wanderer," $1.75; 4. H. Cavender, $2; St. Paul Water company, $22.60; John G. Hinkel, $20; Ed. McKinney, $6; H. M. Rice, $6; Wrn. Gross, $21; Griggs & Foster, $13; J. B. Olivier, $7; Pollock, Donaldson & Ogden, $4.75; Averill, Russell & Carpenter, $6.50; Chas. Fallon, $50; John Corcoran, $50; J. F. Warnlund, $50; J. A. Brown, $50; Wm. Welch, $60: Gas Company, $20.11; Wm. Rhodes, $60. Bills of Jas. King, for $105.20; Jas. King, $124.20; A. R. Kiefer, $30; August Baer, $6.80; Dennis Murphy, $3.65; A. R. Kiefer, $36 50; Thos. McMahon, $4.05; Jas. King, $236 60; Jas. King, $33.10, allowed when the same shall have been approved by the County Attorney. Bills of Municipal Court for $46.55; Stevens County for $15.94; and Mrs. Conlon for $4.92, were disallowed. Adjourned until Wednesday, September 15th, 1880, at 10 o'clock A. M. S. LEE DAVIS, County Auditor.