The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1895-03-14
THE BANK SUED.
The DefunCt Bank of Fairfax is
Sued for Over Three
Thousand Dollars.
Bregel & Frank Want Judument
Against J: A. Beard and
F. A. Gray.

The papers in an interesting set of
civil cases we're served on the defend
ants last Saturday. The defendants
are the Bank of Fairfax, Joseph A.
Beard and Finley A. Gray, a firm that
ceased doing business about the time
the bank suspended and President
Beard and Cashier Gray we're called
upon to answer certain indictments of
the grand jury of Renville county.
1t will be remembered that the
Bank passed into the hands of a re-
ceiver. A large number of the credit
ors participated in the benefits arising
from the receiyership, which benefits
practically amounted to nothing. The
plaintiffs in this case did not partici-
pate for the reason that they saw that
their claims would amount to hardly
nothing and they preferred to remain
on the outside, secure Judgment
against Beard and Gray, and keep
them from holding attachable proper
ty 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
Bregel & Frank in two cases. One of
the cases is commenced by Wenzel
Frank individually against Boards
bank, and cites that on Dec. 81, 1892,
and two years prior thereto he depos-
tied various sums in the bank. That
on Dec. 81, 1892, he demanded his
balance of $33.87. The payment was
refused. He also demanded $l56 for
wheat stored in the Fairfax Mills,co
trolled by the bank, but payment 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. 1t is to recover on note
for $500 and interest from March 10th,
1893. 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 aggregate in the bank Sill ,48O.95,
of which it checked out all but
81 ,957.86 before the bank suspended
payment. On that date the money
was demanded but payment was re-
fused. They demand judgment for
the amount, together with interest 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 $8l9.36 and interest
from Dec. S, 1885,, ,and $3.50 for wheat
stored in the mill owned or controlled
by the bank.
The two men are hardware mer-
chants at Fairfax. They built up a
prosperous business and we're making
money and when the bank collapsed
it carried with it in the neighborhood
of $1,000 of the firms money, and al
most drove it to bankruptcy. But
with remarkable pluck they kept their
heads above water and have practical
ly recovered from the effects of the
suspension. Mcconnell & Tiffts, two
of the best attorneys in Glencoe, have
taken the cases for the firm.
Fred Frank, brother to the Junior
partner, was over Saturday and Sun
day, and served the papers on the de-
PENDANTS on Saturday. When they
we're handed to Beard he coldly re-
marked that he would look the matter
up and see whether it was worth while
to put in an answer. He smiled sar-
castically at Mr.. Frank as he made
the statement.