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The Sylvester Family of Plainview, Minnesota*

G.F. Sylvester & Adolph Stoltz arrested; falsification of records charged

April 17, 1925 - May 15, 1925


PAGE 154

LEGAL NOTICES
Notices to creditors to make and file proof of claim.

WHEREAS, I, A. J. Veigel, Superintendent of Banks of the State of Minnesota, have taken possession of the property and business of the Plainview State Bank, Plainview Minnesota, and am liquidating its affairs pursuant to the laws of the State of Minnesota.
NOW THEREFORE, NOTICE IS HEREBY GIVEN, That all persons who may have claims against said bank shall make legal proof thereof and file same with me at my office in the State Capitol at Saint Paul, Minnesota, on or prior to Monday, August 3rd, 1925, and I hereby direct that this notice be published for three successive months in the "Plainview News", a weekly newspaper published at Plainview, Wabasha County, Minnesota.
A. J. Veigel
Superintendent of Banks of the State of Minnesota
May 8, 1925- Mrs. E. W. Schwanbeck, Mrs. G. W. Sylvester, and Mrs. W. F. Woodcock are in Wabasha attending the 21st Annual Convention of the First District Women’s Club…
Edwin L. Sylvester Jr. came down from Minneapolis Saturday evening and spent Sunday with his mother.
May 15, 1925- Winona Republican Herald
Indictments Returned By Grand Jury at Wabasha
Cashier George F. Sylvester, Brother of Missing President, and Adolph Stoltz,
Assistant Cashier, Are Arrested After Grand Jury Investigating the Affairs of
Closed Plainview Bank Reports in Wabasha District Court
Are Released on Bail of $5,000

Wabasha, May 15 – George F. Sylvester, cashier, and Adolph Stoltz, assistant cashier of the Plainview State Bank of Plainview, were released on $5,000 bail here today following their arrest last evening at Plainview. Their arrest resulted from three indictments against each of them returned at 6 PM yesterday by the Wabasha county grand jury when it completed its work of investigating alleged irregularities in connection with the closing of the bank march 3, 1925.
Arthur S. Kennedy, the other assistant cashier of the closed institution, appeared before the court immediately after the grand jury report was received, and his bail was increased from $2,500 to $5,000 as a result of four indictments against him in the grand jury report. Arraignment of the three officers of the bank on the grand jury indictments will take place here Saturday noon.
Although no announcement was made of indictments against Edwin L. Sylvester, missing president of the bank who is now being hunted by Wabasha county authorities, it is believed that there were several against him in the secret indictments returned by the jury. Those, under the laws of Minnesota, cannot be made public until the defendants named in the indictments are under arrest.
The three officers of the bank indicted yesterday and Edwin L. Sylvester, the missing officer, were the sole owners of the closed institution’s $30,000 worth of capital stock.
Face Prison if Convicted.
Falsification of bank records and receiving of deposits with good reasons to believe the bank unsafe, are the charges in the three indictments against George Sylvester and Stoltz, while Kennedy is also charged with embezzlement in the matter of August Briese. Each indictment carries a charge that is a felony under the Minnesota laws which provide for a prison sentence.
The arrest of George Sylvester and Stoltz at 7 o’clock last evening by Deputy Sheriff John Jacobs at their homes in Plainview came as a complete surprise to the


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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."


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