10249. Montana State Bank (Valier, MT)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
November 15, 1922
Location
Valier, Montana (48.308, -112.250)

Metadata

Model
gpt-5-mini
Short Digest
8bb83bbc766cdc1f

Response Measures

None

Description

The bank temporarily suspended on Nov. 15, 1922 citing inability to market grain/collect loans (shortage of cars) โ€” a local economic shock. State banking department placed the bank in the department's charge and a receiver (Elmer Dawson) was put in charge shortly afterward, indicating the suspension led to receivership/closure rather than an ongoing open bank.

Events (2)

1. November 15, 1922 Suspension
Cause
Local Shock
Cause Details
Shortage of freight cars prevented marketing of grain and made loans uncollectable, prompting temporary suspension.
Newspaper Excerpt
Announcement that the bank had temporarily suspended business was made in a notice posted on the doors by the board of directors...Shortage of cars which made the marketing of grain impossible and loans uncollectable was described as the reason for the failure of the Montana State bank here to open its doors Wednesday morning.
Source
newspapers
2. November 18, 1922 Receivership
Newspaper Excerpt
Elmer Dawson...has taken charge of the Montana State bank at Valier, as receiver. He has been in charge at Valier. ...No receiver has as yet been appointed and the bank is directly in charge of the state banking department.
Source
newspapers

Newspaper Articles (4)

Article from Great Falls Tribune, November 16, 1922

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Article Text

Montana State Bank Closes Doors; Expect to Resume Business Special to The Tribune. Valier, Nov. 15.-Shortage of cars which made the marketing of grain impossible and loans uncollectable was described as the reason for the failure of the Montana State bank here to open its doors Wednesday morning. Announcement that the bank had temporarily suspended business was made in a notice posted on the doors by the board of directors. Officials of the bank included in the notice a statement that the bank would remain closed until reorganization plans had been effected. It is the belief of everyone interested in the institution that resumption of business will be only a matter of a short time. The closing created no excitement. The Montana State bank was established in 1909.


Article from Great Falls Tribune, November 18, 1922

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Article Text

Strain Teams Romps Through 30-11 Win Strain Brothers' Cash and Carry nine nearly tripled their opponents' score Friday night at the "Y," defeating the Royal Milling nine, 30 to 11, in the indoor baseball league. From the looks of the score, Strain Brothers might better rename their Cash and Carry the Hit and Runs. This was the second meeting of these two indoor teams, and a repeat vietory for the winners. The batteries: Strain Brothers' Cash and Carry Roe and Rogers. Royal Milling G. Thorne and Fisher. DAWSON TAKES CHARGE Elmer Dawson, formerly of Great Falls, has taken charge of the Montana State bank at Valier, as receiver. He has been in charge of the Belt


Article from Belt Valley Times, November 23, 1922

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Article Text

No Receiver Appointed Yet for State Bank Elmer Dawson, former cashier of the State Bank has been appointed to the receivership of the Montana State Bank at Valier. Mr. Dawson has already 'taken charge at Valier. It is rumored that he will be only temporarily at Valier and will return to Belt later. H. G. Lescher, deputy Superintendent of Banks for the State department and formerly cashier of the American Bank & Trust Co. of Great Falls, comes out about two days a week to assist with the bank affairs. No receiver has as yet been appointed and the bank is directly in charge of the state banking department. H. A. Dazell is the special representative of the First National Bank of St. Paul. He has been here some days and is engaged in liquidating collateral put up with them for borrowed money. Jay G. Larson is the representative of the Federal Reserve branch in Helena. He has made several trips to Belt recently on much the same errand as Mr. Dazell.


Article from Independent-Observer, January 8, 1925

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Article Text

Don't forget the Masquerade Dance at the City Hall, Friday, February 13th. 1-8-2.t Miss Gertrude Wagner left the first her of the week for Great Falls where she O. attending Business College. Mr. George Hirshberg spent couple of days this week on business trip to Great Falls. Mr. Ashford Locke left the last of the week for few weeks visit with friends and relatives at his former home in Hartley, Iowa. Mr. Robert Pauline of Kalispell passed thru Conrad on Saturday on way to Helena to attend the legislature. In addition to the big affairs there were many smaller gatherings at homes and several theater parties. Miss Rosetta Bailey left on Monday morning for Missoula after weeks' visit with her parents, Mr. and Mrs. Herbert Bailey. Miss Veta Henry left Sunday morning for where she is Freshman at the University. She spent the the home of her two weeks at parents past Mr. and Mrs. O. W. Henry. Thomas and John Rieordon left on for Helena where Monday morning St. Charles Acadthey attending the past two after spending emy, weeks at home. The Misses Marie Rieordon and Claire Corcoran left on Monday morning for Dillon where they are attendschool after spending the past ing two weeks with their parents. Mrs. W. A. Bell left on Monday for Helena where she morning remain for the week. She joined her parents Mr. and Mrs. Bushel of baux Montana. Mr. Bushel is in Helena attending legislature. Mr. F. Wilson made business trip to Great Falls on Saturday. His grandson, Frank Mettler of Helena, Conrad him and returned to met where he is Freshman in the High School. Miss Agnes Pauline, county nurse, of the week from returned the first Kalispell where she spent Christmas with her parents, Mr. and Mrs. Robert Pauline. Miss Florence Pleger, daughter of Charles Pleger of this Mr. and Mrs. city returned to Williams on Sunday where she resumed her school duties in one of the rural schools. Mrs. Hedberg and daughter Eleanor returned the first of the week their home in Great Falls after spending the week the guest of her sister, Mrs. William Lavin and her mother Mrs. Louis Anderson. Another enjoyable party was the dancing party in the city hall given the Simple Six Orchestra New Years Eve. Here the arrival of 1925 by forty couples and all report a most enjoyable evening. Mr. and Mrs. Robert Theinhardt and daughter Robley left Thursday mornfor treir home in Helena after ing several days the guest spending their parents, Mr. and Mrs. F. Wilson. Mr. and Mrs. Anderson had their dinner guests on New Year's day in honor of their son LeRoy who was home from Bozeman for the holiday Mr. and Mrs. Herbert BailRosetta Bailey, and Franklin Bailey. Mrs. R. M. Hattersley was hostess Thursday evening her home to number of the Conrad courtesy girls spending the Holiday season in the city. enjoyable hour spent in music and games delicious were served. Her guests were Miss Arlene Snyder, Ruby Thorson, Katheryn Miller, Miss Veta Henry, Miss Helen Johnson, Miss Hazel Johnson, Miss Agnes Pauline, Miss Irene Daugherty, Miss Ethel Nevills, and Cora Hoosier. Miss Esther Granell spent New Years at Havre where she attended the of Miss Geneve Armstrong. Miss Armstrong was formerly employed at the Pondera State Bank. Miss Lois Mettler daughter of Mr. and Mrs. Mettler Helena arrived in the City on Monday and the house guest for the week-end grand parents Mr. and Mrs. Mr. and Mrs. Chas. Akofer, Mr. and Mrs. Gilboe of Valier, Conrad on Thursday and attended the Masonic "Open House." From here they went to Helena to attend the State Mr. Gilboe, State Senator and Mr. Akofer State representative. Mr. and Mrs. Herbert Strecker into their rooms at the Conrad Hoon Saturday where they expect to make their home. They have spent past two years at Valier where Mr. Strecker was receiver of the Montana State Bank. He is now undersheriff. Miss Ruby Thorson left on Friday morning for Harlowtown after spending the past weeks in Conrad the guest Miss Arlene Snyder. Miss Thorson visited Miss Opal ClinkenGreat Falls Friday. While in Conrad she was the guest of honor at several informal social affairs. Mr. and Mrs. Adolph Rachae and two children Constance and Richard have been the house guests of and Mrs. William Judish and Mr. and Mrs. M. Rachae, parents of Mr. and Mrs. Rachae for the pact month They left on Saturday for Helena where they will make their home. Miss Oma Cady supervisor of the Normal Training classes has returned to her duties after being called to her home in Nebraska on account of the illness of her parents who received injuries in an auto accident. Miss Cady states that both are improving. Sunday morning, January 11th. Rev Newman and Harley will begin of Religious Services at Presbyterian church. You are very earnestly solicited to assist the success of these meetings. Rev. Harley is Pastor the First Church Montana, Rev. Newman ing the official head of the Kalispell Synod of the Presbyterian Church. E. Young, former resident of this county and who owns land near Brady, but who now superintendent of schools at Stockett, was here Friday with the Stockett basket ball team. The Stockett team won from the locals, the first game to be lost by the Conrad team this year. The game was close and exciting, the final score favor of the visitors. The Stockett team went from here to Shelby. Mrs. Jensen was hostess on Saturday evening her ranch home in honor of her daughter Lilly. The young people surprised the honor guest. and after an enjoyable sleigh-. party the remainder of the evening was spent at cards and dancing. At late hour delicious refreshments were served. Those present were Olive Wagner, Gertrude Gourley, Avellyn Solom, Ruth Jones, Ruth Riley, Clara Syler, Edna Syler, Lolo Peterson, Miss Straum. Dean Hawkins, Jean Hawkins, Carl Sheldon, Marvel Webster, Iren Clauson, Fred Jensen, Ray Newman, and Charles Syler. The "Open House" which was held the lodge rooms by the Masons on New Years Day from two until five was most enjoyable affair. This an annual party and was attended by large number of Masons. their families and friends. The hall was elaborately decorated in red and green streamers. which formed canopy with drappings of the same color the windows. Cards were the diversion of the afternoon with music. Community singing, the Masonic Quartette sang tions, also the Mandolin Club, Miss Veta Henry sang solo, Mrs. Craig accompanied her. Tate W. Peek, banjo solo, Miss Veta Henry accompanist. Misses Marian Bell. Louise Busey, and Dale Arnot. served punch during the afternoon.