John F. Sinclair Company (Minneapolis, MN)

Episode Information

Episode UID
446786591478
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
44678659 hash
Start Date
February 14, 1923
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
885e312f346d2407

Response Measures

None

Description

The entity is described as an investment firm controlling a chain of banks; it entered receivership following the closure of some of its banks.

Events (2)

1. February 14, 1923 Receivership
Newspaper Excerpt
A receiver for the John F. Sinclair company, an investment firm which controls about a dozen banks in Minnesota and Montana, was named today by Judge Joseph W. Molyneaux
Source
newspapers
2. February 14, 1923 Suspension
Cause Details
The investment firm's condition became unfavorable leading to the closure of its subsidiary banks.
Newspaper Excerpt
recently some of its banks were forced to close their doors
Source
newspapers

Newspaper Articles (2)

Article from The Winona Daily News, February 15, 1923

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Article Text

BANK RECEIVER NAMED Minneapolis.—A receiver for the John F. Sinclair company, an investment firm which controls about a dozen banks in Minnesota and Montana, was named by Judge Jos. W. Molyneaux in Hennepin county district court. D. L. Case was named receiver. According to the petition for a receivership, filed by the S. T. McKnight company, the condition of the Sinclair company has been unfavorable and recently some of its banks were forced to close their doors. The Sinclair company has an authorized capital stock of $500,000. LUMBERMAN DROPS DEAD Belle Plaine.—Hardwig Weiss, manager of the Belle Plain Lumber company here, dropped dead in his office. Heart trouble is given as the cause. He was 60 years old. FIRE RAZES CHURCH St. Cloud.—The Catholic church at Meier Grove, a village 20 miles from here, was totally destroyed by fire. The loss was estimated at $45,000. The adjacent parish house was damaged. OVERCOME 3 TIMES BY GAS. Plummer—Twice overcome by monoxide gas while he was in his garage with the engine of his car running, Paul Schoenauer of this town was rescued after he fell the third time, by a girl who called to advise him of a long distance telephone call. Mr. Schoenauer fell to the floor when first overcome, and when he revived and stood up to reach his coat he was again overcome. He was unconscious when found by the telephone girl, but soon revived. BOY 9, WINS ESSAY PRIZE. Austin—William Alderson, 9 year old grade pupil here, won first prize in an essay contest under auspices of the Women's Christian Temperance union. Of the 20 essays submitted the judges held Alderson's to be the best. CREAMERY HEADS TO MEET. Mankato—The first annual meeting of the eighth district members of the State Co-operative Creameries association was being conducted today. The district comprises Blue Earth, Le Sueur and Waseca counties, and its officers are A. L. Veigel, president, and Hubert Salisbury is secretary and treasurer. AUCTION TO FEATURE SHOW. St. Cloud—An automobile auction is the latest feature announced by the management of the St. Cloud Auto Show, which opened today and lasts through Saturday. One car will go under the hammer each evening. FOX FARMS MAY CONSOLIDATE. Red Wing—Consolidation of three silver fox farms, including the Red Wing and Lake City farms and the Mississippi farm, into one large company is to be considered at the annual meeting of the Red Wing company on Feb. 20, according to notices sent stockholders of one company are actively interested in the other companies, it is said, and a combing of the three would bring them under one head. CREAMERY MEN TO MEET. Little Falls—The fifteenth district, Minnesota Co-operative Creameries association will have its annual meeting in Little Falls Thursday, Feb. 22. About 100 delegates are expected to attend the meeting. A. J. McGuire of St. Paul is expected to preside and several other prominent dairymen will attend, among them V. Lockwood of Motley, director of the state association.


Article from The Mankato Free Press, February 16, 1923

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Article Text

RECEIVER IS NAMED Minneapolis Judge Grants Petition For John F. Sinclair Company [Associated Press Dispatch.] Minneapolis, Februarv 14.-A receiver for the John F. Sinclair company, an investment firm which controls about a dozen banks in Minnesota and Montana, was named today by Judge Joseph W. Molyneaux in Hennepin county district court. D. L. Case was named receiver.