Both articles (June 30 and July 1, 1911) state that the receivers of the banks of Rugby and Barton will bring suit, indicating the Bank of Rugby was in receivership (i.e., suspended/closed and a receiver assigned). No mention of a depositor run is present.
Events (1)
1.June 30, 1911Receivership
Newspaper Excerpt
the receivers of the banks of Rugby and Barton will bring suit against former treasurer Peterson to recover $4,700 ... It is this sum that the receivers hope to recover.
Source
newspapers
Newspaper Articles (2)
1.June 30, 1911The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
PETERSON TO BE SUED BY BANKS Rugby, N. D., June 30.-It is stated here that the receivers of the banks of Rugby and Barton. will bring suit against Former Treasurer Peterson to recover $4,700 which he is alleged to have received from Andy Jones. In the report of the legislative investigating committee, made public yesterday, the committee stated that Peterson received a bonus of $4,700 for allowing excess vouchers to remain in the Rugby and Barton banks. It is this sum that the receivers hope to recover.
2.July 1, 1911Bismarck Daily TribuneBismarck, ND
Click image to open full size in new tab
Article Text
PETERSON TO BE SUED BY BANKS? RUGBY, N. D., July 1-It is stated here that the receivers of the banks of Rugby and Barton will bring suit against former treasurer Peterson to recover $4,700 which he is alleged to have received from Andy Jones. In the report of the legislative investigating committee, made public yesterday, the committee stated that Peterson received a bonus of $4,700 for allowing excess vouchers to remain in the Rugby and Barton banks. It is this sum that the receivers hope to recover.
