gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5d5126ef545421f3
Response Measures
None
Description
Closed by state bank examiner after large loans to the president/manager; receiver later handled assets and paid a dividend.
Events (2)
1.January 14, 1895Suspension
Cause
Government Action
Cause Details
Closed by order of the state bank examiner following examination that revealed excessive loans to management (J. F. Kingsland).
Newspaper Excerpt
The Bank of St. Charles, at St. Charles, Minn., is closed by order of the state bank examiner, and a receiver will probably be appointed.
Source
newspapers
2.June 2, 1895Receivership
Newspaper Excerpt
Receiver C. A. Morey, of the insolvent Bank of St. Charles, has rendered his report here today to Judge O. B. Gould. ... a dividend of 25 per cent will be at once granted to those whose claims are beyond question.
Source
newspapers
Newspaper Articles (11)
1.January 18, 1895The TimesOwosso, MI
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Article Text
Monday, Jan. 14. William H. Stillwell, 70 years old and an ex judge of Gravesend, L. I., was found dead in his apartments in Brooklyn with the gas turned on. Suicide is suspected. Domestic infelicity. The snow at Elva, Kas,, Albion, Ills., and other places in the west was covered with a yellowish brown dirt. John A. McKenzie, a well-known business man of Duluth, fell from a staircase landing to the floor below in the Spaulding hotel in that city and was killed. The fall was sixty feet. Nearly 1,500 families are destitute in the mining districts near Nelsonville, O. It was so cold in the street cars at Louisville during the blizzard that one woman fell unconscious in a car and had to be taken to a drug store to be revived. The Bank of St. Charles, at St. Charles, Minn., is closed by order of the state bank examiner, and a receiver will probably be appointed. Old Fort Union in New Mexico, part of General B. F. Butler's estate will be put in good repair by the general's trustees and given to the use of consumptives, free of rent.
2.January 24, 1895St. Paul Daily GlobeSaint Paul, MN
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Article Text
HIS NORTH BRANCH BANK Got Kingsland Into Trouble at St. Charles. NORTH BRANCH, Minn., Jan. 23.-In addition to operating the Bank of St. Charles, in the southeastern corner of the state, Mr. Kingsland was proprietor of a private bank here. Upon the clos. ing of the St. Charles bank Mr. Kingsland made an assignment here to the cashier, C. L. Dobner. The North Branch bank had a capital of $15,000. Public Examiner Keuyon states that it was losses at North Branch that first got Mr. Kingsland into trouble, and in trying to retrieve these he went deeper into the mire. WINONA, Jan. 23.-A hearing was had before Judge Gould regarding the appointment of a receiver for the Bank of St. Charles. George Pretterkorn, connected with Pfefferkorn Bros.' bank at St. Charles. was urged, while others interested wanted to reorganize the institution, and asked that another receiver be appointed with that understanding. The statement of Public Examiner Kenyon showed the bank to have gross assets of $90,156.99. and liabilities of $63,191.55. Scaling the assets for depreciation 111 real estate, they are estimated at $53,327. Should the business be closed up depositors will probably only get 70 cents on the dollar, but should the bank be reorganized they will be paid in full.
3.January 24, 1895Grant County HeraldLancaster, WI
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Article Text
Minnesota Bank Closed. Sr . CHARLES, Minn., Jan. 14.-The Bank of St. Charles was closed Saturday morning on the order of the state bank examiner. Its stock is $25,000. President J. F. Kingsland owes the bank more than the 15 per cent. of the capital stock allowed by law. A receiver will likely be appointed.
4.February 7, 1895People's VoiceWellington, KS
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Article Text
Bank Failures Continue. Bank failures and defalcations continue to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbott, cashier of the Dover National bank, was discovered to be a defaulter to the amount of $85,000. On Saturday the bank at St. Charles, Minn., was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a dissolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000. of which over $20,000 had been loaned to J. F. Kingsland, the vice-president and ma nager. -Chicago Express.
5.February 15, 1895The Black Hills UnionRapid City, SD
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Article Text
Bank Failures Continues. Bank failures and defalcations continues to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbot, cashier of the Dover National bank, was discovered to be a detaulter to the amount of $85,000. On Saturday the bank at St. Charles, Mion. was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a desolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000, of which over $20,000 has been loaned to J. F. Kingsland. the vicepresidentand manager.-Chicago Express
6.June 3, 1895St. Paul Daily GlobeSaint Paul, MN
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Article Text
CASH FOR CREDITORS. Dividend of 25 Per Cent Promised in St. Charles Bank Failure. Special to the Globe. WINONA, Minn., June 2.-Receiver C. A. Morey, of the insolvent Bank of St. Charles, has rendered his report here today to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims and off-sets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property. The report has received the immediate attention of Judge Gould, and, according to the petition of the receiver, in his report, a dividend of 25 per cent will be at once granted to those whose claims are beyond question.
7.June 4, 1895The Madison Daily LeaderMadison, SD
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Article Text
MICDONALD BROS. Leading Hardware Merchants and Plumbers. or. Price's Cream Laking Powde SUBSCRIBE FOR Most Perfect Made. Cash for Creditor WINONA, Minn., June 4.-Receiver C. A. Morey of the insolvent Bank of THE St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims LAKE. COUNTY and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.
8.June 4, 1895The Madison Daily LeaderMadison, SD
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Article Text
McDONALD BROS., Leading Hardware Merchants and Plumbers. or. Price's Cream Laking Powder SUBSCRIBE FOR Most Perfect Made. Cash for Creditors. WINONA, Minn., June 4. -Receiver C. A. Morey of the insolvent Bank of THE St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims LAKE COUNTY and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.
9.June 5, 1895New Ulm ReviewNew Ulm, MN
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Article Text
Cash for Creditors. WINONA, Minn., June 4.-Receiver C. A. Morey of the insolvent Bank of St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.
Cash for Creditors. WINONA, Minn., June 4.-Receiver C. A. Morey of the insolvent Bank of St. Charles, has rendered his report here to Judge O. B. Gould. The report shows the amount of claims to be $57,756.50, reduced by counter claims and offsets to $54,419.37. The receiver now has in his hands $19,790.92, received from bills receivable paid and the sale of property.
11.August 22, 1895St. Paul Daily GlobeSaint Paul, MN
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Article Text
Sues for His Deposit. Special to the Globe. WINONA, Minn., Aug. 21.-Suit has been brought in the district court by Charles E. Maynard, of St. Charles, against the receiver and stockholders of the defunct Bank of St. Charles to collect $225 still owing on deposit of $300.
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