11120. State Bank (Northwood, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 21, 1903
Location
Northwood, North Dakota (47.734, -97.567)

Metadata

Model
gpt-5-mini
Short Digest
4a3870c7501d6c71

Response Measures

None

Description

Articles refer to the bank as the defunct State Bank of Northwood and mention a receiver (Lee, later Samuel Loe). No article describes a depositor run; instead the bank failed/was closed and placed in receivership. Exact suspension/closure date not provided in these clippings. OCR corrected minor punctuation and names where obvious.

Events (4)
1. January 21, 1903 Receivership
Newspaper Excerpt
Receiver Lee of the defunct State bank of Northwood, who is suing to recover a large amount of collateral security ... Samuel Loe is the receiver, of the defunct State Bank of Northwood, of which Samuel Loe is the receiver, made application ... for the removal of Mr. Loe as such receiver, claiming alleged misconduct in the administration of the trust. (mentions Receiver Lee and later Samuel Loe). (combined excerpts).
Source
newspapers
2. March 28, 1904 Other
Newspaper Excerpt
the directors of the Northwood State bank, which failed several years ago. Hart and four others signed a bond running to the county, and when the bank failed the county secured judgment against them for the amount of the county's deposit in the bank.
Source
newspapers
3. March 14, 1905 Other
Newspaper Excerpt
The First National Bank of Grand Forks and the First National Bank of Portage ... creditors of the defunct State Bank of Northwood, of which Samuel Loe is the receiver, made application to Judge Fisk ... for the removal of Mr. Loe as such receiver, claiming alleged misconduct in the administration of the trust.
Source
newspapers
4. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent and failed; directors faced lawsuits and judgments after the failure.
Newspaper Excerpt
the defunct State bank of Northwood
Source
newspapers

Newspaper Articles (3)
1. January 21, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, January 21, 1903

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Article Text

NORTH DAKOTA # FROZE IN HIS WAGON Sons of Eli Beaudrie Found His Remains When His Team Returned Home. # Pioneer and Wealthy Farmer Perished During a Long Drive on the Prairie. Special to The Journal. Grand Forks, N. D., Jan. 21.-Eli Beaudrie, a pioneer farmer residing five miles west of Neche, was found frozen to death in the bottom of his wagon box by his sons. He had driven to Walhall and his team arrived home about 10 o'cock at night with the frozen body of the old man. He was 60 years of age and wealthy. Cashier Swenson of the Scandinavian bank of St. Paul and Attorney Boyeson the bank's legal representative, are in the city in connection with a suit brought by Receiver Lee of the defunct State bank of Northwood, who is suing to recover a large amount of collateral security secured by the St. Paul bank in connection with a loan made three years ago by the defunct bank. The claim is made that the transfer of the collateral was not legal in that it was not authorized by the directors of the State Bank of Northwood, which is necessary in North Dakota to make such a transfer according to law. Other banks are also interested, the total amount involved being $30,000.

2. March 28, 1904 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, March 28, 1904

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Article Text

# NORTH DAKOTA # STRUCK BY AN ENGINE Conductor McGraw of the Great Northern Injured in the Storm. GRAND FORKS, N. D.--The only serious accident thus far reported as a result of the storm was one in which W. H. McGraw, conductor on the Great Northern, was struck by one of the engines of his train at a point 2½ miles east of York. It is supposed he was walking outside of the rail with his head down, and the noise made by the howling of the wind was so great that the sound of the approaching engines could not be heard. He was struck on the bead and was taken up unconscious. It is not believed his injuries are serious. The snowfall was unusually heavy, and the wind was terrific. The strongest wind seems to have been between Devils Lake and Larimore. In the section named telegraph and telephone poles were snapped off like pipestems, and a report brought in by one of the early trains was that there was a gop of seventeen miles where not a pole was left standing. Ther ewere smaller breaks all along the line, and all trains were cut off from communication with headquarters. The state board of railway commissioners, at a meeting held at Bismarck, took no action relative to the enforcement of the maximum coal rate law passed by the last legislature, owing to the absence of Commissioner Schatz. Commissioners Lord and Shea did not agree on the subject and an adjournment was taken to May 19, when the board will meet at Fargo. The law fixes the maximum charges for the transpor-tation of lignite coal within the state and the railroad companies have declined to comply with its terms, contending that the rates fixed were below all reason and cheaper than the railroads could transport the coal. A score of Grand Forks men have become interested in a mining property in Montana that promises to prove one of the best gold-bearing properties in that state. The Dacotah Mining company, with a capital of $600,000, has been incorporated, with F. B. Feetham as president and C. P. Trepanier secretary and treasurer. The claim is four miles from Virginia City. A stamp mill will be put in operation the present season. Judge Fisk has denied a new trial in the case of George W. Hart against O. G. Hanson, T. A. Ulberg, Gilbert Nelson, P. S. Evenson, S. C. Lough and A. G. Clayton. The defendants were the directors of the Northwood State bank, which failed several years ago. Hart and four others signed a bond running to the county, and when the bank failed the county secured judgment against them for the amount of the county's deposit in the bank. Hart and two others brought the present action against the directors of the bank, asserting that they knew the institution was insolvent. They secured a judgment of $2,199 against P. S. Evenson and S. C. Lough, the other directors being relieved of liability by an order of the court.

3. March 14, 1905 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, March 14, 1905

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Article Text

BISMARCK DAILY TRIBUNE ago had resulted in the raising of his salary from $1,000 to $1,200. The board of the hospital trustees held its first meeting last Wednesday since the adjournment of the legislature, and authorized the completion of two new buildings for female patients, one a ward and the other a wing. Jack Horrigan of Harvey was knocked down and relieved of his bank book and some papers. The thieves overlooked a pocket book he carried which contained $130. The same night thieves entered the Cooke hotel and tapped the till for $28. The following from an exchange leads to the inquiry: Who will be which. Twenty years hence the boys of today will be men; there will be doctors, lawyers, ministers laborers, clerks, merchants, liars, drunkards, thieves, murderers, republicans, democrats, and so on down the line. The papers throughout the state are waging a vigorous war on the mail oder houses and urging the farmers to make their purchases from home merchants. It is usless. The American public have got to be fooled and the men that can do it most successfully are the ones that will get the trade. Towner people have raised $2,600 to buy right of way for a branch of the Great Northern which will be run into the Deep River country. It is said that there was some speculation as to whether the branch would be run out from Towner or Denbeigh and that a money consideration might influence the decision. The Sheldon Progress says that Major Buttz has returned from Bismarck where he did himself proud in the ninth assembly and that he must be preparing for another campaign as he is around kissing all the bables. Frank Purdon of Wahpeton has been appointed to a cadet ship at West Point by Senator McCumber. The First National Bank of Grand Forks and the First National Bank of Portage, Wils., creditors of the defunct State Bank of Northwood, of which Samuel Loe is the receiver, made application to Judge Fisk, of the district court for the removal of Mr. Loe as such receiver, claiming alleged misconduct in the administration of the trust. State papers are commending the action of the legislature in passing a law prohibiting boys under eighteen from attending pool and billiard halls - will it be enforced? At the same time would it not be a good scheme to furnish the boys with some kind of amusement that would give them entertainment of some kind and make it all the more possible and easy to carry the law into effectual effect. The "Kickers Klub" met with J. H. Fulkerson at Churchs Ferry last week, elected officers and the Sun wouldn't print the names. That same town has a "Broncho" club which met with the Misses Chambers during the same week. Times must be strenuous in the village and some remarkable stunts performed during the sessions of those foot artists. Chain-Lightening Luke hould visit the berg and organize a "Buster" club. Somebody surepticiously entered this city some days ago and would have written a nice long letter to "Tillie" but he seems to have been interrupted. The following is what Landlord Nelson of the Grand Pacific found lying on the desk: "My Darling Tillie: I arrived at Bismarck at 12:35 today. Found no snow on the ground but with the green grass popping up and the buds on the trees swelling out like a poisoned pup and the nice balmy and sun kissed air was exquisite. I shall have some photos taken and mall you one, but don't turn it to the wall. I am also going to write to sister Sue and send her a petrified bird that sings petrified songs, etc. Remember me in your dreams at-" Fast Tourist Car Service to California The Chicago Great Western railway in connection with the C. R. I. & P. railway will