9980. West Side Bank (St Paul, MN)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
August 4, 1893
Location
St Paul, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini
Short Digest
b84a77eb

Response Measures

Full suspension

Other: City treasurer withdrew city funds which precipitated/accelerated suspension; bank later reorganized and reopened.

Description

West Side Bank suspended (closed) on Aug 4, 1893 amid heavy withdrawals following the suspension of the National German-American Bank; the suspension is described as temporary and the bank reopened at end of August (resumed Aug 31). Cause is linked to runs triggered by other local bank failures/unrest rather than specific misconduct at West Side.

Events (3)

1. August 4, 1893 Run
Cause
Local Banks
Cause Details
Withdrawals and runs on local St. Paul banks precipitated by the suspension of the National German-American Bank and general unrest; depositors drew funds from smaller banks including West Side
Measures
Bank paid depositors initially where possible; posted notices and stayed open longer at other banks; West Side suspended rather than paying city treasurer's checks
Newspaper Excerpt
The run was a wholly senseless one, induced solely by the general unrest
Source
newspapers
2. August 4, 1893 Suspension
Cause
Local Banks
Cause Details
Temporary suspension due to heavy withdrawals and inability to realize on paper following the panic caused by the German-American bank's suspension; city treasurer demanded funds which precipitated closure without paying those checks
Newspaper Excerpt
The West Side Bank, a small bank on the west side of the river, closed its doors at 1 o'clock this afternoon.
Source
newspapers
3. August 31, 1893 Reopening
Newspaper Excerpt
THE WEST SIDE BANK IS READY TO REOPEN WITH PLENTY OF CASH. The West Side bank ... will reopen for business this morning in better shape than ever before. Satisfactory arrangements have been made with all the creditors, and the capital of the bank remains unimpaired.
Source
newspapers

Newspaper Articles (20)

Article from Evening Star, August 4, 1893

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COULDN'T REALIZE. Banks Forced to Suspend Owing to Inability to Sell Their Securities. MUNCIE, Ind., Aug. 4.-The Citizens National Bank, one of the oldest and soundest banks in this city, suspended business at 9 o'clock this morning. Withdrawals of deposits and inability to realize on paper are the cause. President Kerwood claims that the assets are as 2 to 1. Three other banks in this city are preparing for the worst, as the people are greatly excited over the fallure. LEBANON, Pa., Aug. 4.-The Lebanon Trust and Safe Deposit Bank failed to open its doors this morning. The announcement made was: "This bank closed by order of the directors." The bank is a state institution with a capital of $50,000. The inability to collect outstanding accounts, the general tightness of the money market and personal litigation of the president, Mr. Robert H. Coleman, locking up its securities and enjoining it from disposing of them, have compelled this step. ST. PAUL, Minn., Aug. 4.-The People's Savings Bank, one of the small concerns of the city, closed its doors at noon today. ST. PAUL, Minn., Aug. .-The National German American Bank failed to open its doors this morning and announced a temporary suspension consequent upon a steady drain of withdrawals for the past month. The bank officials announce that every liability will be made good, dollar for dollar, but they require time to realize on their securities. State, county and city funds are secured by bonds given by various wealthy business men outside of the bank. No statement of liabilities and assets is yet obtainable. By way of comparison with the last puby lished statement of the bank made July 12 the present footings of individual deposits show a total of over $631,000, as compared with $1,258,230. There is no excitement at the other banks and although some depositors are drawing out their money from some of the other institutions, there is no general action of that kind noticeable. ST. PAUL, Minn., Aug. 4.-The West Side Bank, a small bank on the west side of the river, closed its doors at 1 o'clock this afternoon.


Article from Deseret Evening News, August 4, 1893

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ASt. Paul Savings Bank Closes Its Doors. ST. PAUL, Aug. 4.-The People's Savings bank closed its dooss this morning. The West Side Bank, with a capital ofa hundred thousand, closed its doors at lo'clock. No statement has been made. Bank officials say they expect to resume in a few days. The comptroller of the currency has appointed Daniel W. Lawler of this city to itake charge of the GermanAmerican bank. ONLY TEMPORARY. LEBANON, Pa., Aug. 4.- Lebanon Trust and Safe Deposit Bank failed this morning. It is a state institution and has a capital of $50,000. It is believed the suspension is only temperary. A BANK PRESIDENT ASSIGNS. JAMACIA, L. I., Aug. 4.-Frederick W. Dunton, president of the bank of Jamaica, New York, Brooklyn Surburban Investment company and Boynton 1 Bicycle Railroad company hasmadean assignment. He was one of the largest investors in Queens and Suffolk counties. The assets are more than enough to cover all the liabilities if not forced upon the market. He has resigned as president of the Jamaica Bank. AN INSURANCE COMPANY. DENVER, Aug. 4.-A receiver has been appointed for the Equitable Ac. cident Insurance company. The outstanding risks are six millions, reinsured with the Union Casualty company. Trouble among the stockholders was the cause of the failure. JAMES H. WALKER & CO. CHICAGO, Aug. 4.-James H. Walker & Co., dealers in dry goods, one of the firms in the city, confessed judgment today on a note for $5495. A receiver has been asked for. The amount involved is $2,000,000.


Article from Grand Rapids Herald, August 5, 1893

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STOOD THE RUN. Solid St. Paul Banks Pay Uneasy Depositors. Sr. PAUL, Aug. 4.-St. Paul did not suffer seriously from the shock of the suspension of the National GermanAmerican bank. But two banks failed to weather the financial storm which broke over the city this morning. and these were very small ones-the Peoples' and the West Side bank. During the early banking hours long lines of depositors were in front of nearly every bank in the city. By the noon hour the crowds melted away from all the banks except. the Germania and the First National. Depositors kept withdrawing money from these steadily up to 3 o'clock. At the Germania Cashier Bickel appeared at that hour and posted a large placard stating that the bank would remain open until midnight to pay all demands. At the First National the doors remain open also, and Cashier Banley said the paying tellers would remain as long as there was a depositor in sight. The bank had a million dollars more than enough to. pay every dollar asked for. The run was a wholly senseless one, induced solely by the general unrest and by 6 o'clock not a depositor was in sight. The situation was very much the same at the Germania, and by 5:30 with. drawals had practically ceased. The clearing house statement was more favorable this evening than was expected, and the bankers express the belief that the run will amount to nothing tomorrow.


Article from The Sun, August 5, 1893

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MORE ST. PAUL BANKS DOWN. Meavy Runs on Some of Those Still Open-Other Banks In Trouble. ST. PAUL. Aug. 4.-There were two more bank failures in St. Paul to-day. followed by runs on several other banks. The People's Bank suspended this forenoon. President Rittenhouse gave as a reason for the suspension that depositors had been withdrawing their funds and that the bank was unable to realize on its assets. The bank was organized in December 1882. with a capital of $200,000. C. E. Rittenhouse is President: William Constans, Vice-President. and E. R. Moore. Cashier. It has always been considered reliable and solid. Officers and directors of the bank believe that the suspension is only temporary. This afternoon Mr. Rittenhouse said that last March the deposits were $266,000. and that now they had been pulled down to $160,000. Ho said that the assets would amount to $400,000 and the liabilities to $185,000. The New York correspondent of the People's Bank is the Chase National, The West Side Bank made a temporary suspension at noon. The directors fully expect to reopen just as soon as they can realize on some of their paper. The deposits were light and the bank can commence business again on a small amount of money. The depositors will not lose anything. The bank was organized in August. 1886. Its paid-up capital is $100,000. The officers are Joseph Minea. President: John Ickler. Vice-President. and George H. Hosmer. Cashier. The National German-American Bank which suspended yesterday. gave out a statement of assets and liabilities to-day. It has total assets of $5,000,000 to pay deposits aggregating $2,261,000. The deposit account has been reduced $332,955 since July 12, but the discounts have been reduced only $115,000. Comptroller Eekles has appointed D. W. Lawler. who was Democratic candidate for Governor and United States Senator. temporary bank examiner of the suspended National German-American Bank. Both of the Minnesota examiners are out of the State at present. Mr. Lawler received his instructions from Washington this morning. and has entered upon his duties. It is said that the National German-American WAS behind the large dry goods firm of Schuneman & Evans, and that its suspension may disastrously affect that firm. The run on nearly all the banks of the city was quite heavy. and a queer feature was that all depositors were paid in gold instead of bills. It was almost impossible to get checks cashed in paper money. and one man with $3,000 in gold vainly visited six banks to get this sum changed into bills. The savings banks are insisting on their sixty days' notice of withdrawal. The runs on soveral of the banks continued all this afternoon. and it was feared that some of them would have to go under. But they managed to survive. The First National. one of the oldest and most heavily capitalized in the city. sustained a terrific run from about 11 until U o'clock. The bank closes at 3 usually. but at that hour a long line of depositors was waiting outside. President Upham and several of the directors. Fast Saratoga and Lake George Specials every day via New York Central.-Ade.


Article from Rock Island Daily Argus, August 5, 1893

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QUITE A FLURRY AT ST. PAUL. A Persistent but Unavailing Effort to Break a Couple of Banks. ST. PAUL, Aug. 5.-St. Paul did not suffer seriously from the shock of the suspension of the National German-American bank. But two banks failed to weather the storm that broke over the city, and these were small ones-the Peodle's and the West Side banks. The two only had $160,000 in deposits, and of this $88,000 is city, county and state funds. During the early banking hours long lines of depositors were in front of every bank in the city, By the noon hour the crowds melted away from all the banks except the Germania and First National. Depositors kept withdrawing money from these steadily up to 3 o'clock. At the Germania Cashier Bickel appeared at that hour and posted a large placard stating that the bank would remain open until midnight to pay all demands. At the First National the doors remained open also and Cashier Bailey said the paying tellers would remain as long as there was a depositor in sight. President Hill, of the Great Northern, a large stockholder of the First National, sat in the bank all the afternoon, smilingly chatting with President Upham. It was stated that be had $2,000,000 in ready cash which he was willing to place at the disposal of the bank at a moment's notice. The institution, however, had no need of help from any source. It had $1,000,000 more than enough to pay every doll: asked for. The run was a wholly senseless one, induced solely by the general unrest, an dby 6 o'clock not a depositor was in sight. The situation was very much the sam at the Germania, and by 5:30 withdrawals had practically ceased. The clearing house statement was more favorable than was expected, and the bankers express the belief that the run will amount to nothing today. Daniel W. Lawler, late Democratic candidate for governor of Minnesota, has been appointed examiner to take charge of the GermanAmerican. It is stated that the bank will reopen for business in about fifteen days. Its bills receivable exceed its deposits more than $2,000,000.


Article from St. Paul Daily Globe, August 5, 1893

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AFTER THE STORM. Continued From First Page. and 1 feel sure it will soon be able to resume. The trouble is that the people having interest deposits that were payable on demand drew out their funds to such an extent that temporary suspension followed. We had no bother from our commercial depositors. It would probably have been better for us if we had confined ourselves strictly to commercial business and had nothing to do with people who deposit for the sake of the interest, for the reason that banks that pay interest on deposits must lend the money in order to make the interest, and then in times like this it is impracticable to convert assets into cash in time to meet all demands. Last March the deposit account of the bank stood at $260,000; that has been reduced to $160,000. The assets will amount to about $400,000, while the liabilities are in the neighborhood of $185,000." Among the creditors of the bank are the county, which has on deposit $29,600.52, and the city, a deposit of $17,197.30. The West Side bank suspended temporarily at noon yesterday. City Treasurer Miller sent to the bank at about that time to draw out the city funds there, but payment was refused and the doors of the bank closed. The bank was organized in 1886, and has a paid-up capital of $100,000. The officers are Joseph Minea, president; John Ickler, vice president, and George H. Hosmer, cashier. In speaking of the affairs yesterday, a gentleman interested in the bank stated that it is expected that the bank will reopen soon. It will take but a small amount of money to start the bank, and this can be secured as soon as it realizes on some of its paper. The bank is solvent, and all the depositors will be paid in full. The state has a deposit of $4,200, the county $24,705.35 and the city $11,110.71 in this bank. Depositors in both banks are perfect. ly secure.


Article from St. Paul Daily Globe, August 6, 1893

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A QUIET DAY. The Banks Pursuing the Even Tenor of Their Way. There was no trace of excitement in the banking circles of St. Paul yesterday. Calls at all the banks found no news in progress -anywhere, and the uniform report was made that more money was being deposited than drawn out. The people were evidently indulging the sober second thought and pursuing a sensible course. Bank Examiner Thorne arrived to take charge of the National GermanAmerican bank and relieve Mr. Lawler. As rapidly as possible he will prepare a statement of the condition of the bank and will probably have one ready during the week. The sentiment for a speedy resumption is heartily concurred in by local stockholders and all indications point to an early resumption of business. The People's and the West Side bank also expect to speedily resume business. A better feeling was prevalent throughout the city among bankers and business men generally, and the feeling was general that the storm had spent its fury. It is so generally recognized that depositors in St. Paul banks are secure that all indications of a panic have vanished. New accounts have been opened at the various banks by those who had been doing business at the suspended institutions, and business generally was going on as usual.


Article from St. Paul Daily Globe, August 6, 1893

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A STUPID OFFICIAL. By one of those strange political accidents which sometimes occur in the best regulated cities, a person who, we have been told, bears the name of MILLER, has been allowed to stray into the office of the city treasurer. Save for his stupidity his existence would hardly be known, but based on the amount of that element which he can display, his fame ought to be worldwide. Day before yesterday he concluded he would join in the financial scrimmage and close a bank or two, just for luck and prestige. He accordingly looked the field over, and finding he had sufficient city funds in the West Side bank to close it, if demand for immediate payment was made, proceeded in a spirit of financial hilarity to draw his checks upon that institution. Of course, the city was not only protected by the stability of the bank itself, but a heavy bond had also been given. This person by the name of-(never mind the name)-chuckled to himself as the thought of his coming achievement penetrated his dull brain. He grew happy *as he imagined what a great man he would make of himself by suspending a little bank, and forthwith proceeded to do up the job with neatness and dispatch. The bank circumvented him by suspending without paying the checks, and now he is wondering "where he is at" as he poses as the financier of the Northwest. If he keeps on in the same line of eifort we may be able to recall his name again before he completes his financial record.


Article from Rock Island Daily Argus, August 7, 1893

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Funny Incident of a Bank Scare. ST. PAUL, Aug. 7.-A funny incident of the bank scare here Friday was that while depositors were drawing money out of three banks falsely supposed to be weak and depositing it in the Second National, the last named bank was lending it right back to the banks which were experiencing the run. The directors of both the People's and West Side banks have held meetings and resolved to reopen in the next t wo weeks. A plan of re-organization for the German-American is already on foot.


Article from Morris Tribune, August 9, 1893

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Financial Flurry In St. Paul. Sr. PAUL, Aug. 7.-St. Paul experienced a financial flurry this week. Four banks suspended payment. They were the National German-American, West Side, Seven Corners and Peoples. They were all smali banks except the German-American, which had a capita! os $2,000,000. All but the Seven Corners bank will resume in a short time.


Article from Echo De L'ouest, August 10, 1893

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Bank et la West Side Bank de St. Paul, Minn., ont fait faillite. La Balk of St Charles, Minn., au capital de 150,000 dollars A suspendu ses paiements. Fermées sont les portes de la Exchange Bank of Colby, Wis. MM. A. Thayer et Co banquiers de Sparta, Wis., ont fait faillite. OLa Peoples Bark of Waseca, Minn. L'Etat du Wisconsin a subi une perte de $150,000 par les recentes faillites de banques. La compagnie d'assurance mu tuelle centre le feu, de Bangor, Maine, a déposé son bilan vendredi dernier. Le montant des risques de la compaguie est actuellement de $2,500,000.


Article from Oakes Weekly Republican, August 11, 1893

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Financial Flurry In St. Paul. Sr. PAUL, Aug. 7.-St. Paul experienced a financial Hurry this week. They suspended pay MY Four Dn were the National German-American West Side, Seven Corners and Peoples. 'They were all small banks except my Geritatt=American, which had a capital os $2,000,000. All but the Seven Corners bank will resume in it short time,


Article from St. Paul Daily Globe, August 13, 1893

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Mr. Miller and the Bank. In response to the criticism made in connection with the suspension of the West Side bank, City Treasurer Miller sends the GLOBE the following: NOTICE TO THE PUBLIC, In view of all that has been said in regard to the action of City Treasurer Miller in withdrawing his funds from the West Side bank, the officers and directors of the West Side bank wish to say, in justice to Mr. Miller, that we believe that he did what he considered to be his duty as the custodian of the city's funds, and we exonerate him from any intent to injure the bank. Mr. Miller has at all times in the past treated the bank fairly and courteously, and offers the bank every assistance he possibly can give to aid it in speedily resuming business. G. H. HOSMER, Cashier, On Behalf of the Officers and Directors.


Article from St. Paul Daily Globe, August 16, 1893

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TIED UP COUNTY FUNDS. County Commissioners Discuss Their Status Friday. The county committee on claims has been called to meet Friday evening at S o'clock for the purpose of meeting the sureties on bonds given to the county by banks that have funds in their possession and are at present suspended. These are four banks, as follows: National German-American, the Peoples', the West Side and the Seven Corners. The county attorney will be present, and the situation will be discussed, preparatory to making report to the board of county commissioners, which convenes in regular session the following Monday at 10 a. m. By a misunderstanding the bondsmen of the banks referred to met in the room of the board of county commissioners yesterday morning, but the board of county commissioners had not been called to meet by the mayor as given out to the newspapers, and consequently nothing was done.


Article from The Waco Evening News, August 17, 1893

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St. Paul Banks Reopen. ecial to The News: ST. PAUL, Aug. 17.-In accord. ce with a call issued by the board directors of the National Germanmerican bank ten days ago a gely attended meeting of the bekholders of that institution is ing held today. The statement the condition of the bank, which S been prepared since, the doors ere closed, shows that the failure as the result of a panic for which ere was no good cause, as the sets are largely in excess of the bilities. It is rather of a solvent stitution, being obliged to susnd on account of its inability to alize on its assets fast enough to eet the demands of foolish desitors. Arrangements are being ade today to resume business at early date, and the West Side d People's banks, which closed der similar circumstances, will 80 probably open their doors in a ort time.


Article from St. Paul Daily Globe, August 19, 1893

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WILL PAY THE COUNTY. Suspended Banks Declare That All Claims of Ramsey County Will Be Settled. The committee on claims of the board * of county commissioners met last night to confer with the sureties on bonds given by banks that have suspended to indemnify the county against deposits made with such banks. Mr. Lavallee stated to the representatives of the banks present that he believed it to be the policy of the board of county commissioners to be as lenient as possible and go as far as it can to aid the banks to resume in cases where such course is contemplated. The object of the meeting was to learn from the banks-or rather the bondsmen-what course is intended to be pursued, so that the committee may report to the board at its meeting Monday. Joseph Lockey, president of the National German-American bank, stated that his bank expects to resume, and is making an effort in that direction with fair prospects of success. He expressed a belief that the depositors will be paid in full, in any event, within a reasonable time. Joseph Minea, of the West Side bank, stated that his bank expects to resume about the 1st of September, and has made arrangements tomeet all demands made upon it by depositors. H. L. Williams, attorney for the People's bank, stated that President Rittenhouse is out of the city. He was authorized to state, however. that this bank expects to open its doors very soon, and is making arrangements to meet the obligations to depositors. The committee expressed satisfaction at the statements made by the banks mentioned, and the representatives left the committee room. The Seven Corners bank matter was then taken up. Ex-Gov. Marshall stated that he expected the president, well as the assignee and hisattorney, to be present at the meeting, and, in their absence, would prefer not to make a statement. A few moments later William Banholzer, the president of the bank, came in, and, being told by Mr. Lavallee that Mr. Marshall had already stated that the Seven Corners bank does not contemplate resuming, Mr. Banholzer said that there is no prospect of that bank opening its doors; that much had been settled. He informed the committee, however, that arrangements are almost completed for securing the prompt payment to the county of its deposit of $49.000 or more. Four of the. bondsmen have been arranging to deliver into the hands of a trustee securities to an amount about double the liability of the bank to the county. By this arrangement the county will be able to receive all its money at once if demanded. The arrangement will be completed, probably, today. or not later than Monday. He said further that it is now practically arranged, with the exce 00 of determining whether the ull amount shall be placed in the hands of the trustee in cash, or part of it in securities and part in cash. This statement will be reported by the committee to the board Monday.


Article from St. Paul Daily Globe, August 31, 1893

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# WILL RESUME TODAY. THE WEST SIDE BANK IS READY TO REOPEN WITH PLENTY OF CASH. Reunion of the Sixth Minnesota to Occur at Minnehaha on Saturday-People's Church to Establish a Parish House - Annie Preston Fails to Strangle Herself. The West Side bank, which closed its doors several weeks ago, will reopen for business this morning in better shape than ever before. Satisfactory arrangements have been made with all the creditors, and the capital of the bank remains unimpaired. Deposits will be received subject to check at any time, and those having moneys on deposit at the time of the suspension may withdraw them at pleasure. All demands will be met promptly, and all payments made in full. The officers of the bank have assurances of a liberal support from its old-time depositors and patrons, and look forward to a continuance of the confidence formerly re-posed in the institution.


Article from The Star, September 6, 1893

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Financial and Commercial. The New York "World" prints a list of 20 banks which have resumed business, also a list of about 50 manufacturing establish ments which have resumed operations since August 19. The West Side bank, St. Paul, Minn., which closed its doors August 4. reopened for business. The State National Bank. the last one of Denver's six suspended national banks, opened its doors again, The Commercial National will resume again in a few days. The Queen City bank, Buffalo, N.Y., which suspended several weeksago, resumed business.


Article from Oxford Eagle, September 7, 1893

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PERSONAL AND GENERAL. SECRETARY CARLISLE has ordered that the United States mints at Philade]phia* and San Francisco be fully manned and the full capacity of both mints utilized. in the coining of gold bullion. The treasury department possesses from $85,000,000 to $90,000,000 worth of gold bullion, which is a part of the gold reserve of $100,000,000. AT an early hour on the morning of the 28th the Baltimore & Ohio freight depot at McKeesport, Pa., a large iron structure, was completely wrecked and its contents destroyed by fire. Matches in household goods stored in the building are supposed to be the cause. The loss can not be fully estimated, but is several thousand dollars. HAYWARD A. HARVEY. the inventor of the Harveyized steel armor plate and roller screw, died on the morning of the 28th, at Orange, N. J., from kidney trouble. He had been sick for the past six months. B. F. BOOMER and his son Allen, private bankers at Waukon, la., were arrested, on the 28th, and taken to Lansing. They were charged with receiving deposits knowing they were insolvent.) RIOTING in San Sebastian, Spain, was renewed, on the night of the 28th, the orchestra again refusing to play the Basque hymn. The troops fired. wounding many civilians. The streets were patroled by the military all night. Two ACRES of buildings in the business center of Delavan, Wis., were destroyed by fire on the night of the 28th. Next morning the town was without a hotel, a livery stable or post office. FRIENDS of the cholera patients who were being conveyed to the pest house in Brahilov, Roumania, on the 28th, attacked the attendants. The police fired into the mob, wounding many. MORE than 100 persons at Shelesnovodsz, a summer resort in the Caueasus, were poisoned, on the 29th, by impure koumiss. The rest of the summer visitors left in a panie. THE official vote on the passage of the Wilson repeal bill shows Boatner (dem., La.) and Capehart (dem., W. Va.) not voting. This makes the total vote: Yeas, 239: nays, 109. CHAUTAUQUA, N. Y., suffered a loss amounting to several thousand dollars from a storm on the night of the 29th. THE epidemic in Grimsby, an English seaport in Lincolnshire, has been declared officially to be Asiatiecholera, after having been called a "choleraie disease" for many days. The last vietim of the disease was a woman, who died on the 29th. Several other cases before hers had ended fatally. THE New York republican state committee. at their meeting on the Sist, decided to hold their convention at Syracuse on October 6th. THE West Side bank of St. Paul, Minn., which suspended August 4, resumed business on the 31st. THE last stage of the home-rule debate in the British house of commons began on the 30th. THE steamer Alameda arrived at San Francisco from Sydney, via Honolulu, on the 31st, bringing news from the latter place of a conspiracy of royalists torestore the queen by firing the city, dynamiting the buildings and then in the panie rushing in and capturing the government building. The plot becoming known, however, to the authorities, was abandoned or postponed. FIVE carsof the 1:50 p. m. train on the Bost & Albany railroad from Pittsfield went through the bridge at Chester, Mass., on the 30th. Fifteen persons were killed and twenty-seven injured. THE steamship Aller. which arrived at New York on the 31st, brought 1,735,000 franes and £80,000 gold. THE weekly statement of the Bank of France, published on the 31st. shows a decrease of 13,000.000 francs gold and 5,495,900 trands silvers


Article from The Redwood Gazette, September 7, 1893

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MINNESOTA NEWS. The West Side bank at St. Paul has resumed. An injunction has stopped work on the jail at Granite Falls. The Lake Crystal Mirror' has suspended on account of hard times. Burglars stole $200 worth of goods from M. Solum's tailor shop at Kenyon. R. M. Allen of Illinois has been appointed Indian agent at White Earth, Minn. The New Ulm high school has been made a state high school of'the second class. The state W. C. T. U. annual convention will,be held at St. Paul Sept. 13 to 15. The village of Detroit is having a large well suak to supply its system of waterworks. Governor Nelson has appointed Professor Pendergast state superintendent of education. Banks at Lanesboro and Lyle have closed during the past week. Both will pay in full. Minneapolis authorities believe they have one of the murderers of J. P. Harris in custody. An incendiarv fire at Fosston destroyed stetter Bros.' machinery sheds. Loss, $5,000. F. V. DeCoster's jewelry store at Litchfield was burgiarized last week. Several watches were among the plunder. Winona papers say their city is fast becoming cosmopolitan, and find the proof in the number of strangers in the town. The St. Paul anti-coal combine committee has issued a circular to the people of the state asking them to delay buying coal for a time. Comptroller Eckels has given the St. Paul National German-American bank until Oct. 1 to resume. He refuses to allow a reduction of capital stock. The church troubles at Winona have apparently ended by the appointment and acceptance by the Poles of Rev. A. Klawiter as pastor of St. Stanislaus Catholic church. The Red river drainage commission has advertised for bids for opening closed portions of Sand Hill river in Polk and Tamarack river in Marshall county. The bids will be opened Sept. 9. The notes taken from the safe of Nelson, Tenney & Co. of Delhi have been found. The robber and cash are still missing. The amount of the theft is $5,000 instead of $500, as previously reported. On Monday Senator Dedon, state cruiser for the state pine land investigating committee and special assessor for Itasca county, began the work of reassessing that county. He started out with 15 experienced men. The new rate on flour from the Northwest to the Atlantic seaboard went into effect Tuesday, and flour is now being carried at 15 cents per 100 pounds from Duluth to New York, and 22 1-2 cents from St. Paul and Minneapolis. The Milwaukee road has withdrawn i S suit against the Omaha growing out of its contested land grant in the counties of Watonwan, Martin, Jackson, Nobles, Murray. Blue Earth, Pipestone and Rock. About 240,000 acres are involved. Wheat receipts at Minneapolis for the crop year just closed were 64,952,550 bushels, against 72,023,160 in 1892 and 51,703,955 bushels in 1891. The flour shipments for theyear were 8,599,562 barrels, as against 9.120,560 in 1892 and 7,060,391 barrels in 1891. Coal for state institutions has been contracted for at a reduction from combine prices at 7 cents on bituminous and 25 cents on anthracite. The saving to the state is about $2,000 on combine prices. Goodnow & Lawther of Minneapolis took the contract. The railroad and warehouse commission has fixed grain gradesfor the year. No alteration was made in the grades as established last year, with the exception of the omission of a note affecting No. 2 Northern spring and No. 3 spring wheat made on account of light weight. Thursday, Sept. 7, has been set apart as Minnesota stock day at the world's fair. It will be celebrated by a parade of all the biooded stock from the state, of which there are 218 head on the grounds. Minnesota has, up to date, taken over 70 premiums on stock and horses, and the state commissioners consider it proper to celebrate the event in some fitting manner.