New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1890-03-05
How it is done in Mankato.

AAVW ~ 40 OVAO Ii AAAtSAAtkVV.
Charles Heideman, of New Ulm, tells
q good story on the Mankato Progress
sive Union, an organization of business
4 men of that town, whose object it is to
boom Mankato. 1t seems the Union
meets in the parlors of the Saulspaugh
on certain nights Of each week and on
one of these occasions Mr.. Heideman,
being in the city, was invited to be
present ito see how they did business
in Mankato.o He accepted the invita-
ton. The meeting was called to order
By President Barney, who foand that
besides himself only eightwere present.
This was disgusting to the presiding
/ officer, who consoled himself, however,
with the fact that all of the intelligence
Of the union was embodied 10 the wise
men who had gathered for counsel.
Business was opened up and those pres
ent were called upon to lay before the
body any scheme which was mascerat-
ing i'll their respective tanks Of genius,
a Mr.. Somebody from Eagle Lake in
formed them that aarailway was being
built from Des Moines to Boone inIowa
and that it might possiblyibe projected
to the state line. Ho thought that the
! president might be induced to build to
Mankato as a terminal point. After
much wrangling as to whether a dele
cation should be sent to confer with
the officials or whether the secretary
i should write the president regarding
| the matter, it was finally decided to
adopt the two cent plan and open
correspondence. This passed unani-
mously. A motion was then made to
have the chair appoint committee
to wait upon the press of the city and
request them to prepare leading ar
tlcles upon the topic with the follow
headlines: Headed this way "a gi.
gantlc railway corporation to make
Mankato a terminal point ..Car
shops will be established at Mankato
employing thousands of men," "Direct
communication with Hudson Bay, the
IGulf Of Mexico and He'll" 'sMankato
|yet destined to be the metropolis of the
New World" This is the way boom
business is done at Mankato.- ST PETER
! HERALD.
| The responsibility of bank making
a collection for customer is defined
by the Supreme court in a decision
handed down on Tuesday. The title of
the case is Otto Streissguth and others
against the National German. American
Bank of St. Paul. It is related, sub.
stantially, that Streissguth 6 Drake
drew on debtor in Lake Crystal
through the National German Ameri-
can bank, and the bank in turn for
warded the draft to the Lake Crystal
bank, the correspondent for the Ger.
man-American bank in that section,
with Instructions that the latter make
the collection. The Lake Crystal
bank collected the money and sent a
check on the Mankato bank to the Ger.
man-American for the amount. During
the transition of this check, and before
I it was cashed, the Lake Crystal
bank failed, and therefore, when the
check reached Mankato. it was dishon-
ored. Then an action was brought in
| the Ramsey county courts by Streiss-
guth & Drake to recover the amount
from the German-American bank, re-
sulting in a judgment for the plaintiffs.
An appeal was taken to the Supreme
court, and the latter tribunal holds that
"a bank with which a customer has
left, for collection, his draft on party
| residing at a distant point, is liable for
the failure or default of correspond
ent to whom it forwarded the draft for
i collection
The will of the deceased millionaire
Astor provides for the division of $780,
600 between several hospitals, an art
museum and the Aston library. The
latter gets $450,000 of it,-a donation
which will stand, as long as the institu-
ton liyes,as a monument to the man, to
| whose credit it can be said, that he be-
LEVIED in devoting a goodly portion of
his wealth to noble purposes
!. II n M 60 "