Farmers & Merchants State Bank (St Paul, MN)

Episode Information

Episode UID
1491176291124
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
149117629 hash
Start Date
August 6, 1893
Location
St Paul, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a5d8390cba932acb

Response Measures

None

Description

Receiver/assignee (St. Paul & Minneapolis Trust Co.) is explicitly named; bank is in receivership.

Events (3)

1. August 6, 1893 Receivership
Newspaper Excerpt
the St. Paul & Minneapotis Trust company, as receiver of the Farmers' and Merchants' State bank, came up before Judge Smith on an order to show cause why a certain deposit should not be turned over to the petitioners (St. Paul Daily Globe, 1893-08-06).
Source
newspapers
2. November 14, 1893 Other
Newspaper Excerpt
The grand jury will begin investigating the bank failures to-day. ... A. R. McGill, of the St. Paul and Minneapolis Trust company, assignee of the Farmers' and Merchants' State bank, ... will also be called. (St. Paul Daily Globe, 1893-11-14).
Source
newspapers
3. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had failed or suspended and a receiver/assignee was appointed amid wider bank failures in 1893
Newspaper Excerpt
the St. Paul & Minneapotis Trust company, as receiver of the Farmers' and Merchants' State bank
Source
newspapers

Newspaper Articles (2)

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

Click image to open full size in new tab

Article Text

COURT NEWS. Schedules in the assignment of Joseph W. Dupont, the insolvent jeweler, show assets of $6,220.84. and liabilities of $6,697.18. The Commercial bank and D. Laliberte, in sums of $1,500 each, are the only heavy creditors. The complication of affairs in the receivership of the Northwestern Guaranty Loan company was contin ued with the understanding that the case might come up at any time on twenty-four hours' notice to all parties. John A. Williams, who was indicted by the last grand jury accused of obtaining money through threats to prosecute, is now a free man. He appeared before Judge Smith yesterday morning with his attorney to argue a demurrer to the indietment, and the court sustained the idea that the indictment was not good and dismissed the action. Christian H. Thorpe has begun suit against the city of Minneapoiis to recover $1,052 damages. He claims that as a consequence of the floods from Bassett's creek out Western avenue June 26. of last year, his house was wrecked. The claim IS that the city constructed a canal which was insufhcient to carry of the water. A. E. Kroogstad claims $995 for the same reason in another complaint. The attorney general has served notice of an order to show cause why the receiver of the State bank should not pay the state the money in his hands as a preferred creditor. The attorneys for the other creditors are preparing for battle, and the case will come up for arguments in the district court next Monday. Andrew Dorko has begun a suit against Winston Bros. in which he claims damages to the amount of $20,DOO, He asserts that he was a workman on contract work on the Duluth & Iron Range railroad when a foreman asked him to drill out a hole for blasting, which had. already been opened. He claims that there was an unexpioded eartridge in the hole which went off and shattered an arm and otherwise injured him. The petition of Thomson Bros. et al. against the St. Paul & Minneapotis Trust company. as receiver of the Farmers' and Merchants' State bank, came up before Judge Smith on an order to show cause why a CPI tain deposit should not be turned over to the petitioners because of alleged misrepresentations. The court was of the opinion that the atorneys going at the matter in entirely the wrong way, as bringing a separate suit of that nature would be a very expensive proceeding. He therefore dismissed the order to show cause, and the attorneys for both sides came together and effected an amicable arrangement whereby evidence might be taken under the assignment without SO much additional expense.


Article from St. Paul Daily Globe, November 14, 1893

Click image to open full size in new tab

Article Text

TO INVESTIGATE THE BANKS. The Grand Jury SubpΕ“nas Assignees of Suspended Banks. Thd grand jury will begin investigating the bank failures to-day. The principal witnesses have nearly all been subpΕ“naed. They are, for the most part, the assignees and receivers of the suspended banks. attorneys on the inside and some depositors, Among the witnesses sent for are Assignee Hahn of the State bank, A. R. McGill, of the St. Paul and Minneapolis Trust company, assignee of the Farmers' and Merchants' State bank, Robert L. Penny, assignee of the American Exchange bank, Judge Rea, assignee of the Bank of New England. Lawyers John W. Arctander and McNear and Bacon, and other attorneys will also be called.