davidaulloa/AmericanStories huggingface dataset:
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02
JUDGE GREEN'S ADDRESS.


this dav are obvious. Emerson has beau
tifuliy said, There is safety in patriot
ism. This fundamental sheet anchor Of
protection we inculcate with each recur-
ring Memorial Day. 10 Is the lesson TO
the living and not the dead
The dan Is one of inspiration 90 the living
Look up and own, in rratefuluess OF
prayer.
submission 10 the viii of Heavens mig
host:
see your angel soldier pacing there
ENpectaut at his post
see the rank and file of armies vast
That muster under one supreme contru.
I heaI the trumphci sound the signal
blast
The calling of the roll
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

Union-made uegligee shirts for sa {
only at the New York Clc thing House
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

The grand division falling INTO line
And forming under voice ui one alone
who gives command. and Joins with tone
divine
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

The cheapest books in the city at
Lille s. Co.'S II
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

The lArgeet stock Of hAgs in the city
At h. b. Lille q Co. II
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

Deposition work, copying aud cor
respondence solicited by experienced
stenographer and typewriter. Mrs.
Hewett, Hotel Royal, Guthrie, Ok.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

Tue latest novelty in hair cuts. -
misty Dawn" Jim Hill, Danderine
barber shop
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

Take home something TO the little
Folks. Lille a. Co. carry the largest
stock of toys. toy books and fancy
goo4s At rock bottom prices. u
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02
Shoe Department.

Our Shoe Slaughter needs no in
PRODUCTION We have added Ladies
Oxfords worth s.. Sale price .. Csc
Children's shoes patent tip lace
or button, worth S1.75. Sale price SSc
Ladies Oxfords, all left over
from last sale-your choice now. 69c
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

For Sale or Rent-A piano. Address
Mss Galloway. SEQ North Vine II
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

strictly all wool; no suit in the lot
worth less than s. from that to
Sl2; all sizes. Sale price e...... S3 10
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-06-02

Need l ask why we celebrate this day
and commemorate the hour with sacred
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05

could be protected by an application
for the appointment Of receiver. Mr..
Childs indicated that, In his opinion,
the fact of the assignment of the Ger
mania bank would not preclude the
state from applying for the appoint
ment of receiver.
1t has been reported that Public Ex-
aminer Kenyon made an examination
of the Germania bank the night fol-
lowing the suspension Of the Bank OF
Minnesota, at which time there was a
more or less severe run on the Germa-
MIA. President Willius, however, denied
this, and said 1t had been some time
since the bank examiner had investi-
gated the affairs of the bank.
Public Examiner Kenyon was seen All
his residence last evening by a G l b G
reporter. Regarding the details Of the
Allemannia bank suspension, Mr.. Ken
yon said he had not been advised. He
had been busy in Minneapolis all day
and only reached st. Paul late in the
evening. Beyond the fact that Deputy
Lonegran was in charge at the bank,
he knew nothing. Mr.. Kenyon was
asked the following questions written
on a slip of paper:
How long since you made an inyesCgatlon
of the three banks which closed today?
Were they at that time considered solvent
Did you go over the books -of the Ger
mania bank the night following the closing Of
the Bank of Minnesota
Did you report the result Of your investiga-
lions in each case to the governor?
How long has 1t been since a state bank
has been ordered closed by you in your Of
fetal capacity?
VIII you accept the action of the Ger
mania and West Side banks in assigning OF
will the state exercise it's functiones and In
sist on a receiver?
After perusing the slip on which the
interrogations were written, Mr.. Ken
yon handed it back with the statement
that he would be unable to answer the
questions without consulting the
records at his office. He did say
however, that the action of his de-
partment as to the assignment made
by the Germania and West Side banks
would depend altogether on the opin-
ion of the attorney general who would
be his adviser on the question as tc
whether the assignees would be al
lowed to continue or receivers appoint
ed.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05

cial statement was given out last even
ing, but President Staples promised to
| make public statement later.
Mr.. Staples9said yesterday that the
suspension of the West Side bank was
due to the action taken by the Allie
MAMMA. We did all of our clearing
through the AHemannia," he said, land
this morning that institution failed to
cover our clearings and sent them all
back to us. Shortly before noon the
| failures across the river had been cir
culated about the West side. and a
small run began on our bank. We
stood 1T as long as we deemed advis-
able. Some of the depositors were
reasonable and left their deposits even
after they came here to withdraw them.
We assured every one that If a panic
could be avoided there would be
no trouble forSour bank. But later the
pressure to withdraw became so great
that we We're obliged to close the bank
In order to save the institution from
being wrecked. The directors are salts
hed with this action on the part Of the
| officers of'the bank, and they will take
some action this afternoon as to the
future"
There was little excitement on the
West side owing to the suspension.
Some OF the depositors gathered about
the bank after the doors were closed,
!
that the bank would pay dollar for dol
lar. The depositors have their con-
ndence grounded in the fact that once
before, about three years ago, the West
Side bank was obliged to close it's
doors. The officers, directors and stock
holders co-operated to put the bank
Oh it's feet and in a short time the
depositors were paid in full Since
that time, the bank has been a favorite
with West side depositors, who are
confident that the present difficulty is
only temporary and that the bank will
| pay up In full and resume business.
The confidence Of depositors in the
| West Side bank is shown In the fact
that after the suspension of the Bank
of Minnesota the number of individual
deposits increased instead Of diminish
ing, and at no time until yesterday was
| there any indication Of uneaSiness on
the part of the banks customers.
The West Side bank has a capital,
paid up, Of $4,000 The officers are:
Charles F. Staples, president; E. Yam
ish, vice president, and George H. Hos
mer, cashier. The last official state
ment made to the state bank examiner,
Dec. IL, showed the total assets Of the
bank to be $217,O2417, of which $780,
| 600 was in loans and discounts, and
| $4,000 in real estate. The total deposits
were $113,546.
/ MS Odhk, according to statement
made Dec. 3D. had on deposit public
funds as follows: City, $21, 89450 coun-
ty, $7,564. A; state $3,646.63 The amount
| of the deposit of city funds has been
drawn upon for a small amount, and
| probably does not exceed $4,000 The
| bond of the bank given to the city is
dated Oct. 10, 1896, and is for $4,000, and
signed by E. Vanish, c. F. Staples,
Eugene VillaunessH. l.. Moss, Thomas
Tunis Smith and ID, s. Sperry as sure
| ties. The bond was approved Dec. i.
The directors at their meeting decided
to make an assignment and later that
step was takena "a deed being filed
in the districE court clerks office.
| Charles F. Staples is the ASSIGNEE.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
SAVINGS BANKS SAFE.
Protect All DepOsitOrs by Requir-
ing Withdrawal Notices.

The suspension of the Germania and
Allemannia banks caused something
of run, as 1t is always the case, on
the savings banks. 1t Is a needless
alarm At the State Savings Bank of
ST. Paul those desiring their money
were allowed to draw until after 8
o'clock, the close of banking hours.
The board of trustees then held a
meeting and passed the following reso-
luton:
Resolved, That the state of public feeling Is
such that the board Of trustees Of the State
Savings bank of St. Paul deems it expedient
and in the true interests Of the depositors
of the bank to and It does hereby require the
sixty and ninety days notice of Withdrawals
Of deposits provided in section "A of the by
laws.
The Savings Bank Of st. Paul, at
Sixth and Cedar streets, paid all de-
posftors until o'clock, but while the
institution is in shape to stand run,
the bank officials thought it wise to
take advantage Of the sixty and ninety
days clause Of the bylaws, and in
formed depositors that the notice Of
Withdrawals would have to be given.
The Minnesota Savings bank at Sew
enth and Wabasha streets, also served
depositors with the same notice.
The officers of each of the three in
situations, said there was no need of
alarm on the part of depositors, but in
the state of the public feeling, it was
thought wise, if not necessary, to re-
/ quire the notice to be given.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
GERMANIA CLOSES UP.
Makes an Assignment Ignoring the
Bank Examiner.

Withdrawals of deposits aggregat-
ing 1925 600 in the past nine days and
desire of the bank officials to protect
depositors and creditors caused the
Germania bank to close it's doors and
make an assignment yesterday. The
assignment was made to Peter M
Kerst, the cashier of the bank, the
first information being made to the
public by the posting of the following
notice on the bank doors:
After a careful consideration of the interests
of the stockholders and depositors of the
Germania bank. the board of directors of the
bank has reluctantly concluded to make an
assignment OF all the assets and property of
the bank to Peter NJ. Kerst, under and pur-
suant to the insolvent laws of the state of
Minnesota, and the bank has accordingly
made and filed record Of such assignment.
The doors of the bank were closed,
but inside were the clerks and officers
all at work as though nothing of mo-
ment had happened. The news of the
closing of the bank soon drew Il
crowd of depositors and hundreds
pressed up to the door, read the notice
and then withdrew to the street 10
gather in knots and talk and allow
others to go through the same per-
Torrance. The depositors, some of
whom had not heard of the assignment
until late in the day, kept crowding
to the building until late in the after
noon, and, when the clerks left the
institution, they were surrounded by
an eager crowd, each person interested
having questions to ask about the az
fairs of the bank. The officers of the
bank said there was nothing to be
said further than the statement made
by Gustav Willius, the president. of the
bank. This statement is appended AS
to details or figures, Mr. Kerst said
there were none to give out at the
present time. The bank officials had
decided it was in the interests of the
depositors and creditors of the insti-
tuition as have an assignee to take
charge of the affairs rather than 4
receiver, who might not be as well
qualified to take charge of the bust
ness.
City Treasurer Horst, who is also
director of the bank. seen Yesterday
afternoon, said the city had on de-
post with the bank something over
$4,000. No particular favors, SO far as
deposits were concerned. had, he said
been shown the bank The amounts
deposited in all the city banks fuc-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
WHEN THEY ORGANIZED.
Brief History of the GePmania, AL
Iemannia and West Side.

Iemannia and West Side.
The Germania bank was organized by
William Bfckef in May, 1884, as a state
bank. Ernst Albrecht was elected
president, ex-Gov. Ramsey, vice presi-
dent; William Bickel, cashier, and Peter
nj. Kerst, assistant cashier. The paid
up capital was 100000 In 1883 the
capital stock was increased to $780, 600
at which time the bank purchased the
lot corner of Fifth and Wabasha
streets, for 100000, on which the pres
ent bank building was erected. In
1886 Gov. Ramsey succeeded Mr.. Al
brecht as president, and he in turn was
succeeded by H. B. Strait in 1891. Will
liam Bickel took the presidency of the
bank in 1892 and held the position until
Jan. 1895, when he withdrew and went
with the Allemannia bank. When Mr.
Bickel left, Gustav Willius was elected
president, and now occupies that po-
sition.
The West Side bank was organized
in August, 1886, with a paid up capital
Of 100000. 1t was then Differed by
Josheph Minea as president; A. M
Lawton, vice president; George H. Hos
the institution are: President, G. F
Staples; vice president, Edward Vanish
cashier, George H. Hosmer
The Allemannia bank succeeded the
Commercial bank last spring. The
Commercial bank was organized In
May, 1887, with Albert Scheffer, presl-
dent; E. A. Hendrickson, vice presi-
dent; Hermann Scheffer, cashier, and
O.. T. Roberts, assistant cashier. The
capital stock was $5O0,000 The bank
went to the wall in 1893 and settled
with depositors after which it was re-
organized. When William Bickel left
the Germania bank the Commercial
bank stockholders reorganiZed again
and formed the Allemannia bank with
a capital of 100000 and moved the
banking institution to the present To-
alton on Wabasha street.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
WEAK BANKS CLOSE
THREE OF THE SMALLER INSTI-
TUTIONS OF ST. PAUL SHUT
THEIR DOORS.
ONE GOES, OTHERS FOLLOW.
GERMANTA ALLEN NNIA AND
WEST SIDE SUSPEND IN
THAT ORDER.
COULDN'T STAND WITHDRAW AIS.
ONE GOES, OTHERS FOLLOW.
COULDN'T STAND WITHDRAWALS.
Maurice Auerbach Appointed Re-
ceiVer of the AlIeinannia-The
Others Assign.

St Paul banks were put to the test
yesterday. Three comparatively I'M
important ones went to the wall The
others were impregnable. In fact pub
lie confidence was shown in all the
others by the fact that larger num-
Der Of deposits than usual were made
In those Institutions
OF the three that failed, two were
understood to be under strain really
before the opening of business today,
one carrying the other down; the. third
was embarrassed by one of the Others,
and was caught in the maelstrom.
The Germania bank. whose condition
has been common gossip for about two
weeks, did not open its doors yester-
day at all One hour before the usual
banking hour, there was filed in the
office of Clerk Of the Court Rogers a
deed Of assignment to Peter NJ. Kerst,
who has been the cashier of the bank.
When 10 o'clock came and the doors
of the Germania were not opened to
the bank customers the news spread
like wild fire. The expected had hap
pened The Allemannia bank was soon
in the throes of a lively run" The
morning deposits were not coming i'll,
and it became apparent that the con-
test was an unequal one. The officers
of the bank decided to protect their
depOsitOrs by suspending payment, so
that all would be on an equal footing.
The savings banks were afterwards
drawn upon by depOsitors to such an
extent that most of them claimed the
60 days notice for savings deposits,
which the law allows them. and the
other savings banks Will do so today.
About noon the West side bank sue
cumbed to the pressure: This bank
cleared through the Allemannia and its
suspension was due directly to the
going down Of the Allemannia.
The other banks, as told heretofore,
took care of their customers all day,
with the exception of the precautions
taken by the savings banks to protect
their depositOrs.
-Reassuring advices were received
from Chicago and New York last night
after the close of business, and there
will be no dearth of money today with
which to pay off any claims, even If
they are presented which is considered
unlikely. Bankers last night agreed
that there was no possibility of any
more local banks suspending. In fact,
a large number of the depositors in
the banks from which Withdrawals
were made yesterday. hurried to the
other banks of the city to re-entrust
their savings. 80 1>-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
ALLEMANNIA GOES, TOO.
Couldn't Stand the Drain and Had
to Close

TO close.
The Allemannia bank evidently saw
1t was useless to try 20 stem the tide
of depoSftors who were thonging the
building and demanding their money.
The news of the assignment of the
Germania bank spread with rapidity,
and hundreds Of depositors of the
Allemannia made an attempt to get out
their money. Albert Scheffer, president
of the institution, realized that the
steady drain going on and no deposits
being made would work harm to the
customers and depositors IL continued,
and Bank Examiner Kenyon was nOti-
fed The doors of the bank were clos
ed, and couple of police officers call
ed to keep the crowd moving and al
low the officers of the institution to
get in and out of the building. DEPOSIT
tors who were In the bank, were paci-
fled as much as possible by the officers,
and while some were willing to listen
to argument, the majority were too eX-
cited to listen. Half an hour after
the bank closed it's doors, the following
sign was hung out:
l have taken possession of the books, rec
ords and assets of every description of this
bank in my official capacity as superintendent
of banks as provided by law
M D. Kenyon
per o. Lonegran,
Assistant Bank Examiner
President Scheffer had only this to
say: Our suspension Is due to the
large number of Withdrawals this morn
ing and the fact that most Of our de-
positors withheld their deposits. The
news of the suspension of our neigh
Dor, the Germania, precipitated the run
here, and, of course. with the fact that
there was a steady withdrawal, we
could not stem the tide. When the full
force Of the Germania's failure burst
on them, they seemed to become panic
stricken and they came down on us
like a wolf on the fold
when the Bank Of Minnesota failed
the business men, fortunately, were not
much disturbed and few were caught
The feeling of ease returned shortly
and might have continued, hid it not
been for the failure Of the four banks
in Minneapolis. Then the panicky feel
ing came back and was intensified by
the fact that the business men then
caught it very badly, The feeling nat
urally spread over here and the people
have not been at ease since then, When
the Germania closed it's doors this
morning that was the last straw in the
case and they came DOWN on us like a
herd of wolves.
Now that the suspension has been
made we will get right to work for a
reorganization"
Assistant Bank Examiner Lonegran
had nothing TO say further than that
the excitement in banking circles was
responsible for the suspension Of the
bank. There were no figures he could
give out at present, and none would
be given out until he had consulted
with Mr.. Kenyon.
The bank is Differed by the following
gentlemen:
President, Albert Scheffer vice presidents,
William Bickel and William Hamm; cashier
E. De F. Barnett; assistant cashier Edmund
]. Dewitt; directors Moses E. Clapp, w. H.
Lightner, A. e. Whitney James Middleton,
p. D. F.. Barnett, Timothy Reardon Col.
Welz William Hamm and Edward Vanish.
The report Of the condition Of the
bank, at the close of business on Dec
II. was as follows:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
WEST SIDE BANN PULLED IN.
Decided Best for All Parties to sus-
pend.

Blinds on the windows of the West
Side bank were drawn shortly after l
O'Clock yesterday, and the sign Bank
Closed" was hung on the door. A
group of depositors were in waiting at
the time, and they were informed that
the bank directors had determined to
suspend. The suspension Of this bank
was directly due to the suspension Of
the Allemannia bank When the news
Of the suspension OF the Allemannia
and Germania banks reached the West
side, run began on the West side
bank. The officers of the bank realiz-
ing that all the funds would soon be
exhausted, determined to close the
doors and If possible save the bank.
The directors went into session and re-
manned closeted In the little room back
Of the bank all the afternoon. No off,
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
WRITE FOR A PIANO.
You Can Save From 500 to $3.50
by So Doing.

Because you live out of town that is
no reason why you should not avail
yourself Of the Munger Assignee Piano
Sale now in progress at 40 East Sew
enth street, st. Paul. 1t is a forced
bankrupt sale and the prices are sim
ply unheard77, of If you cannotIs come
in town you can write, stating theoprice
you want to pay. and / will notify, you
what. you can get within the range you
fix, and guarantee every instrument
to be exactly as represented or no sale.
You can buy with very small cash
payment, and $40 monthly payments.
1 make no charge for boxing and de-
livering at any depot in the city. You
can save from 800 to $3.50 by getting a
plano at this sale. Prices range from
$65 to 1926. l have a Steck baby grand
at the latter figure which is worth $500.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05

New York, Jan. 4-The Hanover Ma
tional Bank is the New York CORE
spondent of the failed Germania bank
of st. Paul The latter has been in the
habit of carrying a fair amount here,
but 1T is stated that whatever indebt-
edness may be due the Hanover is
amply secured
The board Of directors of the Ger
mania held a meeting in the afternoon
and adopted the following resolution:
That a committee Of stockholders, Of which
the president shall be ex-oficio chairman
shall be appointed by him for the purpose
ization of the Gcrmania bank of ST. Paul.
The following committee was appointed +:
Messrs. Gustav Willius, f. r. Berrisford W.
II. Harries G. l.. Horst, Jos, Raag J. B. Her
mann and T. II. Menk
President Willius was seen by a
reporter for the G l 0 b and asked for
an explanation Of what he meant by
the reference to the bad paper and the
condition in which he afterwards found
the bank, but he did not care to en-
large upon what he said in his prepar-
ed statement
DO you make those charges?" was
asked
No, they are not charges; simply a
statement Of facts
DO you not think they imply
charges?''
II can't help that II they do. 1t is
only intended as giving the facts lead
ing up to the failure ~ve ~,
How did you happen to appoint an
assignee instead of calling in the bank
examiner e.ss..,s ass
Our idea was to place the affairs Of
the bank in friendly hands, who will
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-05
TO BANK DEposITORs.
GET FuI value for Your Deposit.

Get Full Value for Your Deposits!
If you have deposits in any of the
banks having suspended payments, /
will be willing to take it at full value
as payment on any of my improved
or unimproyed lands in Minnesota or
on my fine timber lands, unimproved
or improved, in Wisconsin
e. H. Hobe,
315 Jackson street,
ST. Paul, Mimi.