Monday, February 19, 2018

On This Date in Minnesota History: February 19

February 19, 1910 – One million, six hundred and fifty thousand dollars were drawn through the busy streets of Minneapolis late this afternoon when the Minnesota Loan and Trust Company privately moved the last of its valuables from its old quarters, 311 Nicollet Ave., to the new location, corner of First Ave. S. and Fourth St.

S. S. Cook, cashier of the company, believing that the less ostentatious the move the better, assigned the move to a few plain clothes men and officers of the bank, placed the cash, bonds and securities in ordinary pine boxes and soon had the entire fortune safely within the vaults of the new bank. There was no mishap nor unusual occurrence.

Cook acknowledged that this transfer did not give him the anxiety that the safe deposit boxes moved on Lincoln’s birthday had given him. The safety deposit boxes were escorted by a heavy guard of police. The bank will open its doors Monday morning and the work of the institution will carry on without the loss of an hour.

Minneapolis Sunday Tribune; “Million in Treasure Toted in Pine Boxes. Minnesota Loan & Trust Company Secretly Transports Cash and Securities. Public Not Advised of the Removal to Institution’s New Quarters.”; February 20, 1910; p. 10.

Nicollet Ave. Location of Minnesota Loan and Trust Company


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