The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-29

Thompson & Co................. IA 50
Total disbursements ........... .s23S, ,8O4 O4
Leaving balance of cash on hand
Sept. Is, 1897 7.....................1 1S3,229 96
Cash items on hand 1130 II
Total - .s422, ,6s4 II
Detailed and itemized schedules of such re-
ceipts and disbursements are hereto attached
marked Schedules 1 to 29, inclusive as
specified in the foregoing summary.
Q. That the claims filed with these re-
ceivers mot including those paid by set-off
or return of deposits, or those Withdrawn, or
preferred claims which have been paid
amount with interest to Dec. %, 1896, to the
sum of 81, ,6S6.49.
Claims to the amount of 81 ,62e, ,4ss.07 have
been allowed. (Schedue 3O.) Included in the
claims thus allowed are claims amounting to
the sum of $50, 1885, held by stockholders who
have not paid any part Of their stock l1ab1nty
Schedule 30, and claims amounting to the
sum of $823.03 held by debtors to said bank,
and acquired by them since the appointment
of these receivers. Schedule 32.)
Claims to the amount of $36, 422.9S have been
disallowed by these receivers. Schedule 33.)
Claims to the amount of $26, IA have not
been passed upon by these receivers. (Sched-
ule 34.) The claims not passed upon are he'd
awaiting the determination of pending liti-
cation.
Detailed and itemized lists of said claims
and of the names Of the claimants are here
to attached, marked Schedules 80 to "a, in
elusive"
In addition to the foregoing claims, other
claims aggregating about $11,0O0 have been
presented since the expiration of the time
to file claims, and applications for their al
lowance are pending in court at the date of
this report Sept. "a, 1890.
g. That an application OF the city OF st.
Paul to be paid the sum of $22. 4So.S1 as
preferred creditor has been denied by this
court. Appeal has been taken by the city Of
st. Paul to the supreme court
An application of the State Savings bank
to be paid its claim of $13, 1879 as a pre-
uQdater-
mined by this court.
Judgment was entered In favor Of the Fort
cevers on July 81, 1897, for $5,S2309 from
which the receivers appealed to the supreme
court.
Of the amount paid by stockholders. $4,000
received upon receipts given by these
receivers under order of this court, condi-
toned in case the order made by this court
in the case of Johanna Anderson vs. Frank
A. Seymour ct AL. sustaining the stockhold-
ers' demurrer to the complaint, is reversed,
the amount paid by the stockholders to these
receivers shall be by them paid to the per-
sons or officers entitled to demand and re-
ceive the same. Johanna Anderson has ap-
pealed to the supreme court from the order
made in these proceedings directing the re-
ceivers to enforce the stock liability. The
question involved in the last two mentioned
appeals is whether these receivers are the
proper parties to enforce the stock liability,
or whether such stock liability should be en-
forced in suit instituted by creditor.
1t is believed that all Of the above appeals
will be determined at the October, 1897 term
Of the supreme court, and the assets in the
hands of the receivers, in addition to the cash
on hand, are so large as 10 certainly insure
the full payment of any amount which these
receivers may be required to pay on account
of any of said appeals or pending applications.
f. That the liability of the Bank
of Minnesota TO its creditors
Dec. %, 1896, as shown by its
books, amounted to ....... .s2, ,325, ,522 80
These liabilities have been in
creased as follows:
Unpaid drafts drawn on Mechanics
National bank, New York, not in
liabilities at date of suspension. 26,91O 20
Unpaid drafts drawn on North
western National bank, Chicago,
not in liabilities at date of sus-
sion ACKNOWLEDGEMENTS. 1854 rs
Items collected and credited to ac-
count of Fort Dearborn National
bank, Chicago, since suspension. 5,S26 "a
Items deposited by Bank Of West
Superior on Dec. %, 1885, and
credited to their account since
suspension Observation-Disclosures. 522 2S
Items collected and credited to ac-
counts of individuals since sus-
sion ........................... I'll 80
Total ................... .$2,s74,617 q
These liabilities have been largely reduced
in the following manner:
Deposits refunded under
orders of court (Sched-
ule 16) ................. .$5o,697 26
Less amounts deposited
Dec. %, 1896, refunded
under orders of court,
which had not been car
ried out the books
and were not in liabili-
ties of bank (see Sched-
-- sso,5SS 21
Cash items returned under orders
of court and charged to accounts
on books of bank Schedule 10. 1882 80
court Schedule iS .............. 100, 1888 46
Set-offs Schedule 35) ............. 129, ,06S 49
Amounts collected by secured cred
itors out of the collaterals in
their hands and under foreign
attachment made before the ap-
pointment of these receivers
Schedule 36) ................--... 313,S2l "
Total reduction Of liabilities. s65S, 1874 Al
While substantially all existing claims have
been presented, there are some scattering
claims appearing on the books not presented,
and there are also in the claims filed certain
bills and accounts which do not appear upon
the books, arising largely from the current
expenses of the business.
s. That in April, 1897, pursuant to the order
of this court these receivers filed a schedule
of the assets and liabilities at the date
of the Suspension of said bank, Dec. %, 1897.
This schedule showed the book face value
Of the assets, and the summary thereof was
as follows:
Bills receivable held by
other banks to secure
loans 49, ............ $817, ,997 5S
Bills receivable held in
bank I,blU,coo IL
City treasurer's certif-
Gates and tax ........ 81, AIS, 1854 90
Assignment certificates. 19, 1886 so
Suspense account ...... 53,292 81
Judgment account 10, 603 6S
Sundry stocks and
bonds 6Z, ,bUU w
Collection account ...... 30, 4S1 SO
OverdraftS $500. ...... 1928 %
Ccch and cash items e4 O12 12