New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-03-20
THE DEFUNCT BANK.
The Defunct Bank of Fairfax is Sued for
Over Three Thousand Dollars.

The Defunct Bank Of Fairfax is Sued fol
Over Three Thousand Dollars.
Bregel & Frank Want judgement Against
IA. Beard ard E. a. Gray.
q The papers in an interesting set Of ci-
vii cases were served on the defendants
last Saturday. Tie defendants are the
Bank of Fairfax, Joseph a. Beard and
Finley "a. Gray, a firm that ceased doing
business about the time the bank sus-
pended and President Beard and Cash
Ter Gray were called upon to answer GER
tain indictments of.the grand jury Of
Renyille county.
It will be remembered that the Bank
passed into the hands of receiver "A
large number of the creditors participa-
ted in the benefits arising from the re-
ownership, which benefits practically
amounted to nothing. The plaintiffs in
this case did not participate for the rea-
son that they saw that their claims would
amount to hardly nothing and they pre-
ferred to remain on the outside, secure
judgment against Beard and Gray, and
keep them from holding attachable pro-
perty for the rest of their earthly exist
ence. or else settle claims against them.
The plaintiffs are Frank Bregel and
Wenzel Frank. They sue separately in
two cases and jointly as partners as Bre-
& Frank in two cases. One of the cases
is commenced by Wenzel Frank individ
uaAy against Boards bank, and cites
that on Dec. 81, 1892, and two years pri-
or thereto he deposited various sums in
the bank. That on Dec. 81, 1892, he
demanded his balance of $33.S7. The
payment was refused. He also deman-
ded $156 for wheat stored in the Fairfax
Mills, controlled by the bank, but pay
ment on this was also refused. He sues
for the two amounts and interest at the
rate of seven per cent from the above
date until fully paid. A second suit is
brought by Bregel & Frank against F.
A. Gray. It is to recover on note for
5000 and interest from March Goth,
1898. A third suit is brought by Bregel
& Frank against the bank. It alleges
that between March 18th. 1892, and Dec.
81, 1892. the firm deposited in the ag-
gregate in the bank 81, 1905. of which
it checked out all but $1,957.96 before
the bank suspended payment. On that
date the money was demanded but pay
ment was refused. They demand ;udg-
ment for the amount, together with in
terest at the rate of seven per cent per
annum until fully paid. The fourth suit
is by Frank Bregel against the bank,
seeking to recover $S19.36 and interest
from Dec. 5, 1892, and $4S.3O for wheat
stored in the mill owned or controlled
by the bank.
The two men are hardware merchants
at Fairfax. They built up prosperous
business and were making money and
when the bank collapsed it carried with
it in the neigborhood of $4,000 of the
firms money, and almost drove it to
bankruptcy. But with remarkable
pluck they kept their heads above water
and have practically recovered from the
effects of the suspension. Mcconnell &
lifts, two of the best attorneys in Glen
coe, have taken the cases for the firm.
Fred Frank, brother to the junior
partner was over Saturday and Sunday,
and served the papers on the defendants
on Saturday. When they we're handed
to Beard he coldly remarked that he
would look the matter up and see wheth-
or it was worth while to put in an an
swer. He smiled sarcasticaHy at Mr..
Frank as he made the statement.-Red-
wood Gazette.
The Nature of Lent
Lent has become a universally recog-
niZed season. The ceremonial churches