St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-23
The BANK IS SOLVENT
Unfounded Rumors About the
Lumbermen's Exchange
Bank of Bpainerd.
It's President Merely Going
Out Of Business Soon to
Become Postmaster.
South Dakota Prohibitionists
to Raise $4,000 to Enforce
the New Law.
Fargo Burglars Make a Clerk
Talk by Roasting His
Feet.
Special to the Globe

special 10 the GIODe-
BRAINERD, Oct. 22.-Last evening
number OF holders of cheeks drawn on
the Lumbermen'S Exchange Bank were
surprised and considerably excited to
hear that the bank had not paid or made
good the checks which came into the
First National bank in the regular
course of business. From these the
rumOr spread that the Lumbermen'S
bank was in bad way, and run was
certainly expected to-day. AT the
morning hour of opening business there
was at the Lumhermen's plenty of cash
in sight to pay everybody, and also. con-
fidence was dOubly restored by seeing
that the new bank. called the Northern
Pacific bank, had reOpened for business
in the same or part of the same house.
There was no run on the LumbermeD's
and few people were around who
wanted money. The Lumbermen's is
pr vale bank, owned by Col. c. L.
Spauding, widely known in business.
politics and esdecially in Masonry. be-
ing high officer of the Knights TEN.
plarS, and also being at the head of the
q. A. X. He had also some months ago
been appointed postmaster. though he
had not yet got possession of the
the GLOBE correspondent, and was not
in, but Cashier SimOns stated that a
little trouble they had about small
draft had been all fixed up, and that
was all there was of it. Some of the
dcpOSitorS and drawers of the checks
spoken of claimed, however, that the
trouble was due to the action of Cashier
Ferris, of the First, and charged that
he agreed to hold certain checks for the
LumbPrman'S,. and then as soon as the
bank closed went out and presented
them for payment TO the individuals.
So Cashier Ferris was seen and
denied any such thing. They
held. he said, at the closing
Lumbermen'S awaiting pi yment. and
waited therefor until O'clock, and then
he went out and returned same to the
makers to be made good. and as OTHER
was later about to be protested, the
Lumbermen'S officers got around and
took care of the paper. He said that
was all there was of it. TO add to the
breeze there was known to be quite
sum of school money deposited with the
Lumbermen's. Probably the uneaSi-
ness has all grown out Of the fact that
the Lumhermen'S is going into Iiquida-
datiOn, in view of its owner, Col.
Spaulding, going into the postofice.
The latter has been in the banking
five or six years, having succeeded to 1T
on retirement of keene d NeyiDs, who
were the founders. Col. Spaulding was
to-day notified that his commission as
postmaster, which has so long been held
up, is signed and OH its way to him.
FIFTY THOUSAND DOLLARS.
That Is the Amount South Da-
kota ProhIbitionists Will Raise.
Special to the Globe c- -s.,..
HURON, S. D., Oct. 22.-The Prohibi-
ton convention to-day formed state
enforcement league by choosing Off
GERS: President, Rev. William Fielder,
of Aberdeen; secretary, Rev. E. En-
glish. of Huron; treasurer, F. II. Kent,
of Huron; state central committee, Rev.
B. S. Wales, OF Centerville; NJ. p.
Aberdeen: Rev. W. F. MOffet, of WOon-
socket: w. q. Dickinson, of Webster;
c. l.. Wood. of Rapid City. NJ. H..
Cooper, of Rapid City, is member at
large. Fifty thousand dollars will be
raised for the use of the league in en-
forcing the prOhibItOTy laws of the
state. County leagues will be formed,
and thorough organization of the Pro-
hibitiOn forces of the state effected as
rapidly as possible. The treasurer's
books of the nOn-partisan prohibition
fund were examined, and all the money
properly accounted for. t.r- D..
The Equal Franchise convention Or
gained a st ate society by the election
of these officers: President, S. A. RAM
SeY. of WoonsOcket: vice president,
Alonzo Wardall. of Huron; secretary,
NJ. Barker, of Huron; treasurer, Miss
S. y. Richards, of Puckwana. Mrs. II.
| NJ. Barker was elected state lecturer
and organizer. The officers-elect. with
Mrs. Barker, Fl. DevOe and William
Fielder, constitute the executive COM
mittee. The committeeman appointed
have charge of the work in each county.
Several hundred dollars was raised to
defray the expenses of a campaign in
the interest of woman suffrage. Twenty
counties were represented i'll the con-
VentiOn.