The Sylvester Family of Plainview, Minnesota*

Notice for the presentation of claims against the Plainview State Bank published

April 10, 1925 - April 17, 1925

PAGE 153

$3,534.17 to Geo W. French of Carleton, Ore. which remains unpaid.
Second – That on December 26, 1924, he gave a promissory note for $500 to W. C. Allen that remains unpaid.
Third – That on June 1924 he gave Peter Fender of Little Valley a promissory note for $3,000 that remains unpaid.
Fourth – That on February 27, 1925 removed from the Plainview State Bank, $78.85 with the intention of hindering, delaying and defrauding his creditors.
Fifth – That on February 27, 1925 he withdrew $105.24 for paying taxes from the bank, on property that belonged to his wife, with the same intention.
Sixth – That he has disappeared and has made no effort to meet these obligations.
A hearing will not be arranged on the petition until a receiver was appointed. This appointment was rushed through and C. L. Mikkelson, deputy examiner in charge of the bank, was appointed by Judge Sanborn of the St. Paul U.S. court. Papers are being prepared at once for the bankruptcy suit and they will likely include more than the six items already mentioned as much of the paper in the bank is in Mr. Sylvester’s name and these proceedings will enable the banking department to establish the bank’s title.
In connection with the bank’s affairs, Mr. Mikkelson says that they are making good progress in tracing out accounts. There are however new things showing up nearly every day and he asks that people who have not presented their papers to do so at once. At present they are working on checking accounts and they ask that any who have pass books that have not been balanced since the closing to bring them in at once. The books will be balanced and returned with any canceled checks.
We have received a legal publication from the bank department which will be published next week and continues for the next three months. This notice gives the date and place for the presenting of claims against the bank.
In his search for E. L. Sylvester, County Attorney Foley has had a check made of all steamship records, and these records and those of passports issued show that Sylvester had not left the United States by the regular channels.
April 17, 1925-

Depositors to place Claims Against Bank
State Banking Department Issues Blank for That Purpose This Week
All Claims Must be Presented to Department of Banking at St. Paul
On all deposits Drawing Interest Claims Allowed Up to March 3
A notice for the presentation of claims against the Plainview State Bank is being published in the News this week by A. J. Veigel, superintendent of banks. The notice, which will continue to be published for the next three months, limits the time for the presentation of claims to August 4, 1925.
Blank forms on which claims are to be made are being mailed from the St. Paul office of the banking department to all patrons of the bank. The mailing started this week and if you have not received a blank you will likely in a few days. These blanks contain instructions for listing checking deposits, saving deposits, certificates of deposit and all other claims against the bank. While the blank is made out it will likely be well to take it to the bank to be checked by the examiners in charge to verify the amounts with the books of the bank. Having this verification it will then be necessary to have the blank signed by the notary public. All claims must be mailed or presented to the Department of Banking at St. Paul.
The examiners in charge of the bank with the claim blanks expect to verity amounts. They will however be glad to give any information or advice in properly making them out. Before these claims can be made it will be necessary that your passbook be balanced so if that has not been done since the closing of the bank it will be well to do so at once. On deposits drawing interest a claim may be presented for that interest up to March 3, the date of the closing of the bank.

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* SOURCE: Manzow, Ron (compiler), "The Sylvester Family of Plainview, Minnesota - a collection of information taken from the Plainview News, other newspapers, letters, and diaries beginning in 1884": Plainview Area History Center, 40 4th St. S.W., Plainview, MN 55964. Compiled in 2001.

NOTE: from Ron Manzow, December 2001: "Feel free to reproduce the pages for anyone who wants a copy. It was compiled to be shared... All I ask is that they consider sending a check to the [Plainview Area] History Center to help us out. That should be enough."