11316. Bank of Commerce (Forsyth, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 19, 1925
Location
Forsyth, Montana (46.266, -106.678)

Metadata

Model
gpt-5-mini
Short Digest
035fc5b4

Response Measures

None

Description

Newspaper items (Mar–Apr 1925) refer to D. J. Muri as 'receiver of the Bank of Commerce' and court authorization to the receiver to pay a dividend. There is no mention of a depositor run in the articles provided. That indicates the bank was in receivership (suspended/closed) and did not reopen in the texts — classified as suspension_closure. Bank charter type not stated in articles, so set to unknown.

Events (2)

1. March 19, 1925 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; an appointed receiver (D. J. Muri) is managing affairs per court action.
Newspaper Excerpt
D. J. Muri, receiver of the Bank of Commerce.
Source
newspapers
2. April 2, 1925 Receivership
Newspaper Excerpt
G. J. Jeffries, district judge, signed an order authorizing D. J. Muri, receiver of the Bank of Commerce to pay a 5 per cent dividend. The order provides that the payment be held in abeyance until the complaints in intervention recently filed are disposed of.
Source
newspapers

Newspaper Articles (4)

Article from Forsyth Times-Journal, March 19, 1925

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Article Text

Pltems of Local Interest Readers in news columns 16c per Mrs. Bernice Jackson, assistant in the county assessor's office wis 111 the last of the week. Cut flowers at all times at Katzie's, 27-1 Forsyth News Co. Mrs. Sallie M. Adams, county superintendent of schools, made an official visit to the Ingomar schools Thursday, returning to Forsyth the first of the week. When in need of anything for your office, see Katzie's (Forsyth News 27-1 Co.) Miss Jessie Adee, home demonstration agent, was in Rosebud and OrinoCO Friday to look after county club work. John Sorenson, county commissioner of Dawson county, returned to his home in Glendive Thursday night after attending the funeral of his niece, Miss Margaret Sorenson. Flowers delivered anywhere in the United States. Leave your order with Katzie's. We will do the rest. 27-1 R. D. Mountain, president of the American National bank, returned Thursday from a several days business trip in Ashland. Robert Janssen of Colstrip is spending a few days in Forsyth with his brother, J. E. Janssen. A. P. Webb of the Golden Rule store made a business trip to Billings, spending Friday and Saturday. Some housekeepers will find a real bargain if they buy one high grade broom at Saturday's special-65 cents 27-1 at Barthel Hardware. Mrs. O. O. Muri of Myers attended the Sorenson funeral at Forsyth Thursday afternoon, returning home the following day. O. W. Swenson, an employe of Foley Bros. at Colstrip, was a business visitor in Forsyth Thursday. Wm Schmidt of Armells creek was in Forsyth Thursday, returning home the same day accompanied by his sister, Miss Nellie Schmidt, who had been visiting at the home of her sister, Mrs. Ben Steele, for the past week. Carl Wheeler of Lame Deer has recently been employed by Jack Roe and is painting automobiles. The Methodist Literary Society will present "Clarence," an entertaining comedy by Booth Tarkington tomorrow night at the high school audito27-1 rium. Mrs. M. L. Skinner and children arrived Friday from Aitkin, Minn., to make their home in Forsyth. Mr. Skinner is employed at the Rosebud coal mine at Colstrip. Bert Lyons, rancher from near Hysham, was in Forsyth Monday attending to matters of business. Mrs. Margaret Farlow who has been visiting in Forsyth for the past three weeks left Sunday night for her home in Denver, Colo. The Methodist Literary Society will present "Clarence," an entertaining comedy by Booth Tarkington tomorrow night at the high school audito27-1 rium. C. T. Sponsel, trainmaster for the Northern Pacific who was recently transferred from Forsyth to Mandan is here for a few days arranging to move his family to that place. N. J. Gilliland was in Miles City the first of the week attending to matters of business and attended a Legion banquet there Monday night. Mrs. Max Wirth of Miles City visited in Forsyth Saturday at the Walter Corcoran home, going from here to Bascom to visit for several days with relatives and friends. Mrs. Margaret Gillet was ill the first of the week. The Yeomen lodge will give a public dance Saturday night, March 21, at the 27-1 Yoemen hall. Mrs. Mabel Cooper, an Misses Minnie Sprung and Leona Manning, teach ers of the Vananda school, were in Forsyth Saturday shopping and attending to matters of business. S. A. Horton, rancher of the Armells creek country, was a business visitor in Forsyth Saturday. Miss Louise Tadsen who is attending the Miles City Business Institute, was a week end visitor at the Tadsen ranch. J. R. Stewart, postmaster at Ingomar, was in Forsyth Monday attending to matters of business. Miss Irene Harbicht spent the week end in Ingomar the guest of her parents, Mr. and Mrs. Henry Harbicht, and returned to Forsyth Sunday to resume work for D. J. Muri, receiver of the Bank of Commerce. Mr. and Mrs. Ralph D. Mercer had as their week end guest, Miss Hazel Zum Brunnen, who recently resigned as principal of the Roundup school, and was on her way from Roundup to Minneapolis, Minn. If you have rooms or a house to rent better get your ad in the Times Journal want ad column. The classified ad column of this paper will get results. Try them. The Yeomen lodge will give a public dance Saturday night, March 21, at the 27-1 Yoemen hall. The Presbyterian Aid society will meet this afternoon (Thursday) at the home of Mrs. Peter Gorrie and new officers for the year will be elected. Miss Virginia Freeman who is a Junior at the State College at Bozeman, will spend the week end in For syth with her parents. Mr. and Mrs. A. R. Thurston and daughters, Lula May and Katherine, left the last of the week for Minneapo lis, Minn.,where they will spend a few days, going from there to Sanborn, N. Dak., where they will visit Mrs. Thurston's mother. The Methodist Literary Society will present "Clarence," an entertaining comedy by Booth Tarkington tomorrow night at the high school audito27-1 rium. Carl Carlson has returned from Roundup where he has been working in the coal mines for the past few years. He expects to go back to his farm at Finch, and was buying sup plies in Forsyth for this purpose the first of the week. Mr. Carlson says that he never failed to make a living on his farm and he now expects to make his permanent home here. Mrs. W. P. Ladd of Billings was in Forsyth the first of the wee attending to matters of business and visiting with Mrs. Lon DePeel. Glazine Varnish and Stain makes your old furniture look like new. Full assortment of colors at G. C. Ander27-1 son's. Ed Bopp of Lame Deer came to Forsyth Tuesday with Howard Powell who had broken his arm and received injuries of a painful nature in a buzz saw Monday. The lad is at the hospital. Mrs. R. W. Blakesley and daughter, Miss Beryl Blakesley, made a brief visit with Rosebud friends the first of the week. Carl Straw spent Saturday in Rose bud the guest of friends going from there to Orinoco to attend the dance. George Cress was called to Billings Tuesday on account of the serious illness of his sister, Mrs. Ollie Brown, who recently underwent a critical op* eration. Paul Forrest, a Junior in the school of engineering at the State college at Bozeman, is expected to arrive in For syth tomorrow to spend the week end with his parents, Mr. and Mrs. George Forrest. Mrs. Flornece Choisser left Tuesday night for Nashville, Tenn., to visit her daughter, Miss Kirtlye Choisser who is attending the Ward Belmont school. She expects to be gone for a month. H. V. Beeman spent Sunday and Monday in Billings, the guest of his brother, W. W. Beeman. Frank Ryan, manager of the Northern Pacific lunch room left Saturday night for the company hospital at Glendive where he will receive medical treatment. During his absence the lunch room here will be in charge of F. Hoffbeck of St. Paul, Minn., lunch room inspector of the company. Sever Hagen, a prominent sheep man of Ingomar, was a business caller in Forsyth Tuesday. Frank Rogers is working for Ira Mayfield on his Reservation creek ranch. "Save the Surface and you will save all." Use Gilt Edge Paints on your Buildings. For sale by G.C. Ander27-1 son. Miss Wana Edwards arrived Monday and will visit at the home of H. M. Allen for several days. Miss Edwards recently underwent a major operation in Billings and will remain in Forsyth with friends and at her home near Colstrip until she is able to return to work. C. O. Utter of Billings and formerly with the Mutual Oil company has ac" cepted a position with the Continental Oil company as district superintendent with headquarters at Forsyth. Mr. Utter will look after the territory be tween Forsyth and Worden on the Northern Pacific and Forsyth and Musselshell on the Milwaukee. The annual congregational meeting of the Presbyterian church will be held at the church March 16th instead of the 25th as originally announced. Reports of officers will be received and new ones elected for the coming year. Refreshments will be served. Spring is here! Freshen up the walls of your home with Muresco. All colors in stock at G. C. Anderson's. 27-1 Kyanize Waterproof Spar Varnish makes a splendid finish for your floors. Get it at G. C. Anderson's. 27-1 Frank Faust and Donald Wilson attended the dance at Hysham Tuesday 126-4 night.


Article from Forsyth Times-Journal, April 2, 1925

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BANK OF COMMERCE TO ISSUE DIVIDENDS SOON Saturday G. J. Jeffries, district judge, signed an order authorizing D. J. Muri, receiver of the Bank of Commerce to pay a 5 per cent dividend. The order provides that the payment be held in abeyance until the com: plaints in intervention recently filed are disposed of.


Article from Belt Valley Times, April 9, 1925

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Article Text

Foreyth Bank to Pay Dividend District Judge G. J. Jeffries has signed an order authorizing D. J. Muri, receiver of the Bank of Commerce at Forsyth to pay a 5 per cent dividend. The order provides that the payment be held in abeyance until the complaints in Intervention filed by Mrs. Margaret Young. a stockholder, are disposed of.


Article from The Bozeman Courier, February 5, 1926

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# 2 MILL EDUCATIONAL LEVY PASSED IN 1920 IS UNCONSTITUTIONAL; STATE TREASURER PAYS FARM HAIL LOSSES As the result of disclosures made in the examination off Sanders county books by a deputy state examiner A. E. Williamson showing that three commissioners charged the county $8 a day for their services as foremen of road construction assistant to surveyors on county roads and bosses of road grading crews, ouster proceedings have been filed at Thompson Falls. The commissioners are W. B. Russell and Hugh R. Stephens of Plains and F. E. Beers of Tuscor. In the opinion of the attorney general's office, as expressed to the supreme court, the measure which was voted by the people in 1920 to provide a mill and a half tax for operation of the University of Montana, is unconstitutional. In his argument contesting the application for an injunction against the state board of examiners the effect of which would be to place all proceeds of the levy at the disposal of the university, A. H. Angstman, assistant attorney general, raised several constitutional questions. He pointed out that upon the present valuation of Montana the constitution limits the levy to 2 mills. By an initiative act, the people attempted to make the levy 3 1-2 mills whereas, he insisted a question of constitutional amendment must originate in the legislature. An invitation to carry his case to the state supreme court seems to be contained in an award of the Montana industrial accident commission to Bob Dozen, miner, injured March 3, 1922, while in the employ of the East Butte Copper Mining company. Dozen is awarded total liability damages of $2,898, from which the company is allowed to deduct $2,898 heretofore paid, leaving a balance of $373. His original injury consisted of a fractured jaw, fracture and dislocation of the right ankle and fractured left ankle. The ankle injury left him with a shortened right leg and the dislocation did not come properly into place so that there has resulted an inflammation of the bone. The award suggests that he return to the company's hospital and submit to the amputation of the affected limb and to such other treatment as is necessary, at the company's expense. Forty-five thousand dollars surplus in the state hail insurance fund for 1925 is being used to pay warrants registered by the department in 1923. Warrants up to and including number 122,771, are being called by State Treasurer W. E. Harmon. According to certain sections of the federal statutes a vested interest in public lands to a right of way for an irrigating ditch is not secured until the ditch is completed, and thereby C. N. Mannis, in his suit against Powell county to restrain it from interfering with his ditch across a public highway, held no title to the ditch right of way. Persons contracting with a municipal corporation must at their peril inquire into the statutory power of the corporation or its officers to make the contact, maintains the supreme court in quoting a general and fundamental principle of law, in an opinion handed down in which it affirms the judgment of the district court of Lewis and Clark county by which the action of Galen D. Pue against the county of Lewis and Clark was nonsuited. All property owned by a person at the time of his death, including gifts, or transfers previously made by him but which are to become effective at the time of his death, is subject to taxation under the state inheritance tax law, according to an opinion of the supreme court handed down in the Silver Bow county appeal case of the executors of the will of Joseph E. Oppenheimer, deceased, against the state of Montana, the state board of equalization and the county of Silver Bow. Property of a stockholder in an insolvent bank is not subject to attachment at the time of the issuance of summons in an action for the enforcement of the stockholder's liability, according to an opinion of the supreme court handed down in the Rosebud county suit of the receiver of the Bank of Commerce of Forsyth, against Margaret Young. The fish and game fund showed a balance of $96,458.90 on Jan. 1, according to financial statement furnished Game Warden Robert H. Hill, by David Marks, the department's auditor. The biological fund of the same department contained $11,033.50 on the same date and this balance after the game commission paid $500 to the state bounty fund which it is required to do on each year under the provisions of a law passed by the last legislature. Increase in the number of cattle in Montana is reflected in a distribution table just completed by D. R. Cloan, chief clerk for the state board of equalization, covering state taxes assessed in 1925 to the 56 Montana counties. In 1924 the three-mill livestock head tax assessment amounted to $55,756. Last year the assessment reached $56,947, an increase of $1,191. Beaverhead county led with an assessment of $2,704 for this purpose, with Mineral county's contribution of $47 last on the list.