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The Sylvester Family of Plainview, Minnesota*

Plainview Bank suddenly closes due to lack of reserves

August 8, 1924 - March 4, 1925


PAGE 147

invited. Adv.
August 29, 1924- Mrs. J. P. Caldwell of St. Paul is spending the week with her parents Mr. and Mrs. E. L. Sylvester in the city.
September 5, 1924- Miss Marion Sylvester left the first of the week for Salt Lake City, Utah where she has been engaged as music instructor in a college there.
September 19, 1924- Mr. and Mrs. E. L. Sylvester motored to St. Paul Sunday to attend the National Convention of the American Legion where Mrs. Sylvester was in the receiving line for the Gold Star Mothers at the State Capital on Monday.
September 26, 1924- Mr. and Mrs. E. L. Sylvester and Mr. and Mrs. M. J. Manchester motored to Rochester yesterday morning where they heard the address by Gen. Chas. G. Dawes.
November 7, 1924- Mrs. G. F. Sylvester very pleasantly entertained the members of the Bridge Club at her home on West Broadway Friday evening. The affair was in the order of a costume party. Refreshments were served before the departure of the guests of their respective homes.
November 28, 1924- Edwin Sylvester Jr. came down from Minneapolis Wednesday evening to spend Thanksgiving with his parents. He is now employed by the Washburn Crosby Co. in the Chamber of Commerce Building.
December 5, 1924- Mr. and Mrs. G. F. Sylvester, Mrs. William Millin and Miss Margaret Apple were Rochester visitors Wednesday.
December 12, 1924- American Legion Auxiliary election… Publicity – Mrs. E. L. Sylvester, Executive Committee – Mrs. E. L. Sylvester…

1925

January 2, 1925- Mrs. J. P. Caldwell Jr. spent the week end at the home of her parents, Mr. and Mrs. E. L. Sylvester.
January 9, 1925- John and Hettie Holmes, who have been making their home with their grandparents, Mr. and Mrs. E. L. Sylvester, spent Christmas at the home of their mother in Minneapolis. They are now making their home with their mother and have begun their school work there.
January 30, 1925- E. L. Sylvester, T. A. Askew, Sr., Park Sylvester, and Harmon Herron went down to Pugh’s Point Saturday evening on a fishing trip. Mr. Sylvester returned home Sunday afternoon but the others remained until Tuesday. Their luck was none too good as the thickness of the ice made it hard to locate their shacks.
February 13, 1925- Izaak Walton League now assured – 15 members… Park Sylvester, E. L. Sylvester…
February 20, 1925- Mr. and Mrs. E. L. Sylvester left for Minneapolis Saturday afternoon on a short visit to relatives.
March 4, 1925- clipping

Plainview State Banks is Closed
Bank Officers Call in State Banking Dept.: Lack of Reserve is Cause

The Plainview State Bank of Plainview, 25 miles northeast of Rochester, failed to pen its doors for business today and a state bank examiner is in charge of the affairs of the bank.
No reason for the closing was given out today but it is presumed lack of reserve forced the closing.
According to word received here today, directors and officers closed the bank voluntarily and called in the state examiner who arrived at Plainview this morning.
E. L. Sylvester is president, G. F. Sylvester, cashier; A. S. Kennedy, formerly of Rochester, assistant cashier and G. A. Stoltz, assistant cashier.
While the stock holders may lose heavily, depositors will not sustain much if any


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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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