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Wants Stockholders Held Liable. Judge Jaggard yesterday had on trial the case of Gertrude L. Longfield against the Minnesota State Savings Bank and persons who held stock in the bank. Plaintiff is a creditor of the defunct institution to the extent of $1,356.88, and brought action to fix the liability of the stockholders, and have a receiver appointed. One of the witnesses who testified yesterday afternoon was Congressman F. C. Stevens, who was formerly identified with the bank.
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BAD FOR DEPOSITORS Minnesota Savings Bank Receivers Promise Little. Messrs. Sheehan and Dickson, the receivers of the Minnesota Savings bank, yesterday filed with Judge Lewis, of the district court, an account brought to date. A very poor showing is made. A total of $19,407.32 has been collected by the receivers, of which $11,118.30 has been consumed in expenses, leaving $8,289.02 on* hand. The remainder of the assets, it is contended by the receivers, is composed of real estate of questionable value. Not much will be realized from this source, and it is recommended that it be disposed of in bulk. At the time of the failure of the bank the schedule of assets exceeded the claims of $248,000 that were filed, but it was found the bills. receivable were comparatively valueless and the notes said to be on hand were worth but little, or had been discounted at other banks, with the result that but little more than $8,000 is left. To make it still more likely that the depositors will not receive a dividend the Mechanics National bank of New York recites the court that it should be made a preferred creditor, having acquired from the Allemania bank $10,000 worth of security that had been pledged by the Minnesota Savings bank that could not be disposed of for the amount. The discrepancy is not cited. The Savings Bank of St. Paul seeks to be made a preferred creditor on the same grounds, claiming that $247.25 was lost on an investment of $1,000.
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DEPOSITORS SUFFER BY COURT'S ORDER Two Banks Are Declared Preferred Creditors of Minnesota Savings Bank In the matter of the assignment of the Minnesota Savings bank, Judge Lewis yesterday filed an order granting the petition of the Mechanics National Bank of New York and Charles E. Otis, as receiver of the Savings Bank of St. Paul, asking that they be regarded as preferred creditors of the Minnesota Savings bank. Judge Lewis orders that the claims of the petitioners, amounting to $11,000, be paid before any distribution is made to depositors, which means that there will be this much less to distribute among the depositors. Judge Lewis says the only question for the court to determine was whether the claims of the petitioners, should have preference over other claims, and as the money furnished by them was for the purpose of assisting the bank to do business, he thought they should be so considered.
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# CITY NEWS The temperature at 2:30 a. m. was 34 degrees above zero, a drop of 2 degrees since 7 p. m. Mullane Succeeds Snyder-William J. Mullane has been appointed deputy jailer at the county jail by Sheriff Miesen, to succeed J. B. Snyder, recently resigned. Foundling Sent to State School-Vladimir Manning, a foundling 10 years of age, was committed to the state public school at Owatonna by Judge Bazille yesterday. Merriam Park Women Visit Capitol-The Merriam Park Women's club, numbering seventy-five women, visited the new capitol yesterday. Later the women lunched at the Willard hotel. Match Fires Lace Curtain-A match carelessly thrown to the floor set fire to a lace curtain at 452 St. Peter street yesterday afternoon and the engine companies were called out to extinguish the blaze. The loss amounted to about $25. More Scholars for Public Schools-The new admissions to the public schools of St. Paul during February numbered 567, which brings up the total enrollment of the schools to 24,618. The average daily attendance was 21,192. Gasoline Tank Explodes-The explosion of a small gasoline tank at the confectionery store of Johnson & Drake, 222 Fillmore avenue, caused a small blaze early yesterday morning. The building was damaged to the extent of $150. No one was injured. Widower Sues Order-Suit was yesterday instituted by John Flamm against the Independent Order of Foresters for the recovery of $1,000, alleged to be due on a life insurance policy issued by the order to Bertha Flamm, wife of the plaintiff, who died Dec. 4. Suit for $20,000 Is Submitted-The suit of F. M. Loomis against F. M. Dickson and Timothy Sheehan, as receivers of the Minnesota Savings bank, for an accounting of $20,000 of collateral given in security on a $10,000 note held by the plaintiff, was submitted to Judge Lewis yesterday. Firm Sues for Sewer Material Pay-W. P. Preston, E. F. Berrisford and Timothy Reardon, as sureties for Mr. Preston, are named as defendants in an action brought by Haebe & Marozki for the recovery of $48.35, due for materials furnished Mr. Preston in the construction of sewers. Mark R. Clark Dies at Rochester-Mark R. Clark, for many years a resident of St. Paul, died recently at Rochester, Minn., at the age of 33. Death resulted from pneumonia. Clark was a switchman and formerly lived at 290 Earl street. Relatives in Southern Minnesota have taken charge of the body. Miss Schaller Visits Capitol-Miss Rose Marie Schaller of Hastings, who has been selected by Gov. Johnson to christen the battleship Minnesota at its launching April 8, was shown through the new capitol yesterday by Gov. Johnson. Miss Schaller is attending the state university. Property Owners Air Protests-The hearing of the objections of the property owners on Summit, between Dale street and Cleveland avenue, against judgments being rendered against them on account of assessments for graveling that part of Summit avenue, was completed yesterday afternoon and submitted to Judge Brill. State Smallpox Report-A total of twenty-eight cases of smallpox have been reported to the state board of health for the week ending Feb. 28. Orwell, Otter Tail county, reports eight cases, and Ronstad, McLeod county, has five. North Germany, Wadena county, and Bemidji, Beltrami county, each have three. The other cases are at scattering points throughout the state. Date of Warner Funeral Not Fixed-The final details for the funeral of the late Reuben Warner will be announced today after the arrival of several of his relatives from the east. The flags on the various fire houses of the city were half-masted yesterday in honor of Mr. Warner's memory. The fire department and other city departments will have delegations representing them at the funeral. Seeks Relief From Debt Fisher H. Tenney, traveling salesman, filed an application in the office of Clerk Sn
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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.