Ogden Daily Standard | 1896-12-24 | Page 3 | The St. Paul Failure

THE ST PAUL FAILURE judge oils appoints a runs on banks 61 paul dec 23 the machinery for closing up the business oi the bank of minnesota was beet in motion this alter noon by in the appointment of wm II 11 lichtner and frank A sy cashier 0 the merchants Nat ionti i bank ita receivers M D lic in hie petition to tae court bated that the bank were in real detate in cach and tl in loans and discounts some was over the laet item aa when the banks laet october cui was made th loans and discounts were given aa the public examiner has evidently given eliesi at what he ref as ther actual value the bank is indebted lo 10 the in the eum ol 01 and it liabilities over all assets are As the capital stock ie GOO nd every stockholder liable to twice abe amount 0 his stock it is pretty certain that every depositor will be paid nearly dollar for dollar there wae a short run on two state tanks this morning but both wet through the clearing house all richt and declared ready to meet any demands be bank of Orum ville bad a run this morning because of the fac that wm 1 of abe bank of minnesota ie its vice preel dant the bunk bad plenty of funds and is in no baneer of suspension