12050. Barton State Bank (Barton, ND)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 7, 1909
Location
Barton, North Dakota (48.507, -100.176)

Metadata

Model
gpt-5-mini
Short Digest
b6878818

Response Measures

Full suspension, Books examined

Other: Receiver appointed and bank declared insolvent; building sold and 25% dividend later paid.

Description

Multiple articles (Jan 1909) report a run on Barton State Bank after news that the First National Bank of Rugby went into receivership. Deputy Bank Examiner Doheny (and later Receiver Doheny) took possession; a receiver was appointed and the bank was declared insolvent and did not resume normal operations (receiver paid a 25% dividend and later sold the bank building). Thus sequence: run → suspension/receivership → permanent closure.

Events (5)
1. January 7, 1909 Run
Cause
Local Banks
Cause Details
Run started immediately after depositors learned the First National Bank of Rugby was placed in receivership; panic spread to Barton.
Measures
All available cash was paid out and then the bank was closed; Deputy Bank Examiner Walter Doheny took charge and began checking accounts.
Newspaper Excerpt
The Barton State bank ... has been closed after an exciting run which followed news that the First National bank of Rugby had gone into the hands of a receiver.
Source
newspapers
2. January 7, 1909 Suspension
Cause
Local Banks
Cause Details
Closure/possession by examiner followed the run triggered by the Rugby bank's failure; examiner/receiver took possession and began investigations.
Newspaper Excerpt
Deputy Bank Examiner Walter Doheny is in charge... The Barton State bank of Barton is closed as the result of a run...
Source
newspapers
3. January 26, 1909 Receivership
Newspaper Excerpt
The public examiner ... has heretofore taken possession of the Barton State bank ... acting as temporary receiver thereof, and having duly made his report ... showing that said bank is insolvent; ... the attorney general be instructed to take such steps for dissolution of said banking corporation as provided by law.
Source
newspapers
4. August 21, 1909 Other
Newspaper Excerpt
Andy H. Jones ... had been captured in Texas. ... on Jan. 4 a receiver was appointed for his bank and later for the Barton State bank, in which he was interested. The receiver has paid one 25 per cent dividend.
Source
newspapers
5. January 3, 1910 Other
Newspaper Excerpt
Receiver Doheny of the defunct Barton State bank sold the bank building and lots at a public auction.
Source
newspapers

Newspaper Articles (10)
1. January 7, 1909 The Fargo Forum and Daily Republican Fargo, ND
Article from The Fargo Forum and Daily Republican, January 7, 1909

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Article Text

Rugby, N. D., Jan. 7:--The Barton State bank, located twelve miles from Rusby, has been cloced after an exeiting run which followed News that the Firet National bank of Rugby had gene into the hands of a receiver. Andy Junee, the unleeing enettler of the Rugby bank, was president of the Barton bank. Deputy Bank Examiner Walter Doheny has taken charge of the bank and is checking up the accounts, Receiver Bwords to at work checkins up the accounts of the national bank. Another bis bunch of notes given by Jenes as an Individual and endorsed by himself as eashier, were received yesterday at the bank. He. delver Swords has ruled that unless the notes are of recard in the bank none of them will be honored, Unless the bank la Involved heavily In some other direction It is belleved the depositors will be paid in full. The exact condt. tion of affairs w!!! not be known for several days. No nows has boon received from Jones. He has hot been heard from for over a week. Bank depositors have about given up hope that he will return. Jones' friends maintain they have not heard a line from him and they are as much mystined by his dls. appearance as anyone.

2. January 26, 1909 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, January 26, 1909

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Article Text

Large Party of North Dakotans Were on the III Fated Republic Florida's Prow Plowed Into WILL DISSOLVE Cabin Occupied by the BUSTED BANK North Dakotans THE STATE BANKING BOARD DIRECTS ATTORNEY GENERAL Banker Mooney Instantly TO TAKE SUCH STEPS FOR Killed But His Wife EsBARTON BANK. caded Unhurt At a special meeting of the banking board of the state of North Dakota, called by Governor Burke MonMrs. Murphy Will Recover--day, Mr. Blaisdell offered the followMr. Murphy Was Slighting resolution, which was adopted: Whereas, The public examiner, a ly Injured Honorable Oliver Knudson, has heretofore taken possession of the Barton THE DEAD. State bank at the town of Barton, in W. J. MOONEY, Langdon, N. the county of Pierce, in the state of D. North Dakota, acting as temporary MRS. EUGENE LYNCH, Bosreceiver thereof, and having duly ton, Mass. made his report to the banking board Four negro sailors, whose on this date, showing that said bank names had not been learned. is insolvent; Therefore, Be it THE INJURED. Resolved, That the attorney generMrs. M. F. Murphy, Grand al be and is hereby instructed to beForks, N. D. gin action under chapter 27 of the Eugene Lynch, husband of code of civil procedure, for the disMrs. Lynch. solution of said banking corporation OTHER NORTH DAKOTANS as provided by law. ABOARD.

3. January 28, 1909 Courier Democrat Langdon, ND
Article from Courier Democrat, January 28, 1909

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Article Text

BARTON BANK IS CLOSED. President Disappears and State Examiner Is in Possession. The Barton State bank of Barton is closed as the result of a run which started immediately after the people learned that the Rugby National bank had been closed by a receiver. All the available cash was paid out and then it was decided best to close up. Deputy Bank Examiner Walter Doheny is in charge. Andrew Jones, who was cashier in the Rugby National bank, was president of the Barton bank. He disappeared over a week ago. An expert accountant has arrived at Rugby and the real work of checking up the accounts of the missing cashier, Andy Jones, has been commenced. Until the expert gets through there will be a good deal of speculation among depositors as to how they will fare. Bank Examiner Knudson has arrived at Barton and is assisting Deputy Doheny. Nothing has been uncovered that would indicate that the depositors of that institution will suffer. An effort will be made to open the bank as soon as possible.

4. August 21, 1909 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, August 21, 1909

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Article Text

Banker Captured In Texas. Fargo, N. D., Aug. 21.-Word was received here that Andy H. Jones, president of the defunct First National bank of Rugby, N. D., had been captured in Texas. Jones disappeared before the holidays and on Jan. 4 a receiver was appointed for his bank and later for the Barton State bank, in which he was interested. The receiver has paid one 25 per cent dividend.

5. August 26, 1909 Union County Courier Elk Point, SD
Article from Union County Courier, August 26, 1909

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Article Text

MISSING banker FOUND. Andy Jones, of Rugby, N. D., Said to Have Been Taken in Texas. Fargo, N. D., Aug. 23.-Word has received here that Andy H. Jones, president of the defunct First National bank Or Rugby, N. D., had been captured in Texas. No details were given. Jones disappeared before the holidays, and on Jan. 4, a receiver was appointed for his bank and later for the Barton State bank, in which he was interested. The receiver has paid one 25 per cent dividend. The majority of Jones' victims were other bankers in the northwest, who were caught on fake securities. Jones was reported to be in Honduras last spring.

6. September 1, 1909 The Evening Times Grand Forks, ND
Article from The Evening Times, September 1, 1909

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Article Text

Reached Fargo This Morning From Texas Where He Was Arrested. ARRESTING OFFICERS DID NOT KNOW CHARGES AGAINST Believed He Was Desperate Character and Shoved Revolvers in His Face When He Was Taken Into Custody -Jones Was Docile. Fargo, N. D., Sept. 1.-Andy Jones, in the custody of United States Deputy Marshal R. M. Warden of Dallas, Tex., and Chief of Police J. W. Snyder of Marrillo, Tex., arrived in Fargo this morning. He was at once escorted to the office of United States Marshal Shea where he is being held until he is arraigned this afternoon on a charge of misappropriating the funds of a national bank. Tired of being hounded, as he said in an interview, Jones was glad to get back to the state, the scene of his troubles, to face the music. He said that his life, since leaving Rugby last winter, has been by no means pleasant, and he had fully intended to give himself up the first of the year anyway. Jones will make no statement concerning his troubles. Used Revolvers in Capture. The first particulars of Jones' arrest were obtained from the officials in charge of him. They did not know till their arrival in Fargo the exact nature of the charges against Jones, supposing, when they placed him under arrest, that he was a murderer and desperate character. Believing this, the officials effecting the arrest shoved two or three revolvers in the face of Andy Jones. The former banker, however, caused the arresting officers no trouble whatever, nor has he caused them any trouble since then. Had Little Money. Jones' capture took place on the forenoon of August 21 in the hotel at Canadian, Tex. When searched at the police station there he was found to have but $12.55 in cash on his person. His wife, who was with him, left immediately after the arrest for her father's home in Oklahoma, where she is at the present time. The start for Fargo was made on Sunday evening, the party traveling 1,700 miles in sixty hours. Jones has had very little to say during the entire trip, and would tell the officials nothing concerning the affair for which he had been placed under arrest. State Warrant Not There. Sheriff Erickson of Pierce county, who has in his possession a warrant charging Jones with certain irregularities in connection with the operation of the Barton State bank at Barton, N. D., is not in the city yet, but will probably arrive this evening. The warrant is swort out by Receiver Doheny of the Barton bank and will be used in case Jones chances to secure bonds on the charge preferred against him in the federal court. Exact Shortage Unknown. The findings of the grand jury, returned last spring, are contained in twenty-four closely type written pages and charge that Jones misappropriated between $30,000 and $40,000 of the funds of the Rugby bank, secured on worthless paper. At his hearing before the United States commissioner the defendant will be represented by Judge Edward Engerud of Fargo. Jones' bail is fixed at $5,000 and up to 3 o'clock he had not secured it.

7. September 3, 1909 The Evening Times Grand Forks, ND
Article from The Evening Times, September 3, 1909

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JONES IS HELD Bonds for Appearance on State Charge Fixed at $8,000. Rugby, N. D., Sept. 3.-Andy Jones appeared before Justice C. H. Hughes yesterday afternoon at 5 o'clock on & charge preferred by Receiver Doheny of the Barton State bank. He took a change of venue to Justice Braaten and then waived the examination. Bonds were fixed at $3,000, which were put up by his brother and George Salisbury of Grand Forks.

8. January 3, 1910 The Fargo Forum and Daily Republican Fargo, ND
Article from The Fargo Forum and Daily Republican, January 3, 1910

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school had a great time Christmas. The Cando Herald is making fine progress under its new management. The Braddock Roller Mills have closed down for a month or six weeks. The outlook for a very busy time in Dunseith next spring is very promising. Carpenters are putting the finishing touches on the new hotel at Powers Lake. North Dakota editors are planning on holding a big session in Fargo on Feb. 11. The Moffit Messenger says there is a fine opening for a first class hotel at that place. Editor Knight of The Buffalo Express says the Buffalo hotel is a disgrace to that place. During a wind and snow storm at Casselton three of the largest stores were robbed. The annual meeting of the Holstein Breeders' association at New Salem was a big success. he first regular term of the district court for Mountrail county will be convened Jar. 10. The First National bank of Bowman is placing its circulation bank notes to the amount of $18,000. Census Supervisor Brewster of Harvey will attend a meeting of the supervisors at Omaha tomorrow. The editor of The Grano Tribune was handsomely remembered by a friend with several slices of venison. Receiver Donheny of the defunct Barton State bank sold the bank building and lots at a public auction. The Sargent County Teller devoted nearly a whole page in last week's issue to the county official fee dispute. Jay Russel, an alleged blind pigger at Turtle Lake, is causing the McLean county authorities lots of trouble. The notorious Jack Daly has finally been brought from Canada and is now lodged in the Pierce county jail. George M. Gee, formerly with The Flaxton Times, is now advancing the interests of the Crosby Review. The grand ball at Rugby Christmas night proved to be a big booze fest, according to The Rugby Optimist. The assailants of Ike Barton, the Shields farmer, who was shot while sitting in his shack, are still at large. The Norwegian Lutherans in the vicinity of Cando are planning to build a church during the coming spring. A large number of Dakotans are now hieing themselves to California or the south for the remainder of the winter. Sharon is making great preparations to celebrate the 150th anniversary of the birth of Bobbie Burns, Tuesday, Jan. 25. Mr. and Mrs. N. F. Boucher of Bismarck are located in Los Angeles. Mrs. Boucher is reported to be in poor health. Farmers residing around Lankin are looking forward with pleasure to the session of the Farmers' institue to be held at Lankin, Jan. 11. According to The Dickinson Recorder, the new north branch of the Northern Pacific will go up the Knife river and Fayette is to be one of the towns along the new line. Friends of Fred T. Lincoln, formerly a North Dakota newspaperman but now of South Haven, Mich, will be interested in the announcement that a baby girl arrived at his home last week. The Perth Progress contains the following ad for a husband: Wanted-A husband, no references required. Only objections to drunkards. No matter if you made your start in life by picking rags or was a hobo. Even a deserter, you might confess that before and I will forgive you. I am not able to wash for a living. All replies will be earnestly considered. Congenial companion. Address this office.

9. February 2, 1910 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, February 2, 1910

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REPORT OF STATE TREASURER Year Ending October 31, 1909. TREASURY DEPARTMENT, STATE OF NORTH DAKOTA TREASURER'S OFFICE Bismarck, November 1, 1909. To His Excellency, John Burke, Governor of North Dakota. Sir :-In accordance with requirements of law, I have the honor to submit herewith my annual report of the financial transactions of the State for the period ending October 31, 1909. In compiling the within report I have made a marked departure from the form of previous reports and in addition included a complete itemized statement of Income and Expenditures for the past twelve months. The total cash transactions of this office for the past fiscal year exceeds the previous one by $1,011,937.28 as shown by the following tables: TOTAL CASH RECEIPTS AND PAYMENTS. $ 799,310.17 Cash on hand November 1, 1907 3,259,668.84 Receipts $4,058,979.01 Total $3,476,073.42 Payments 582,905.59 Cash on hand November 1, 1908 $4,058,979.01 Total $ 582,905.59 Cash on hand November 1, 1908 4,588,010.70 Receipts $5,170,916.29 Total $3,676,053.37 Payments 1,494,862.92 Cash on hand November 1, 1909 $5,170,916.29 Total INTEREST ON STATE BALANCES. Interest on deposit of state funds in the various state depositaries during the past year shows a gain from $28,087.78 to $43,129.81, a net increase of $15,042.03. This is accounted for inasmuch as the average cash balance has been larger for the past year and also owing to the fact that a more careful and rigid check has been kept of the interest due from the several banks. SUSPENDED BANKS. This report shows a cash balance of $12,113.36 due from the First National Bank, Rugby, North Dakota and $10,152.44 from the Barton State Bank, Barton, North Dakota. These are the state balances still remaining in the above suspended banks, and said balances are not now available. Action has been brought against the several sureties on the bonds of these banks, and the action is now pending before the district court. The state has realized a dividend of twenty-five per centum, from the Rugby bank, said balance having been reduced from $16,151,14 to the present amount of $12,113.36. SECURITIES. At the present time the securities held by this office amount to $5,163,967.85 an increase of $805,555.00 over those held a year ago. This is the amount of the permanent fund of the common schools and state institutions, which has been invested by the Board of University and School Lands, and the interest accruing therefrom is converted to the use of the different institutions and common schools. Included in the above securities is $802,367.85, which has been loaned on the farming property of the state; an increase of $236,655.00 for the past twelve months. The first list given below shows the amount of securities held by the different institutions of the state, while the second table shows the nature of those held by the common schools. The common school investment amounts to $4,056,817.85 and the

10. January 30, 1923 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 30, 1923

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Get Industry Bill The first administration bill affecting the industrial program to be introduced in the legislature was dropped in the house hopper yesterday afternoon by Rep. Carr: The bill, No. 131, affects the Bank of North Dakota, and is said to be designed to clarify and to strength en some parts. of the act. It repeals a provision that deposits in the Bank of North Dakota shall be exempt from taxation, provides that re-deposits may be made in any "solvent" bank, provides for the retention by the farm loan department of an interest charge to cover the cost of operating the department; provides that assignments shall run to the bank but shall be held in trust by the state treasurer, this provision being put in to simplify operation of the department, and provides the state examiner shall examine the bank annually, instead of semi-annually, adding that he shall verify assets and collateral, and shall make a report to the Industrial Commission. and t the legislature. The Werner creamery also was brought before the house by Rep. Anderson in a bill providing for the repeal of the law by which a tax was levied on butter-fat to permit the establishment of the experimental creamery. Mileage Bills Passed Although /many sheriffs in the state had protested to representatives against the proposed change sheriffs' mileage, the house passed two measures affecting it which, in the opinion of some will reduce the mileage paid sheriffs and in the opinion of others will increase it. The house H. B. 34, which repeals the old prevision in the law giving a sheriff $2.50 for each 20 miles traveled or fraction thereof to pay for team hire and care, and recognizing the day of "Old Dobbin" was passing, instead passed house bill No. 35, increasing the mileage allowed sherfffs from 10 to 15 cents. The vote on the first named bill was 78 to 27, and on the second, 62 to 41. The house also passed Rep. Sproul's bill No. 73, providing that terms of directors of building and loan association shall expire in "staggered" order, by a vote of 100 to 2. Other bills passed included one appropriating $2,882.03 to permit the state treasurer to write off his books losses sustained by the state in the failure of the First National Bank of Rugby and the Barton State Bank of Barton in 1909; a bill appropriating $100,000 to fire departments of the state instead of $90,000 as appropriated two years ago; H. B. No. 50, designed to strengthen the prohibition law. There were 13 dissenting votes on the last-named measures. Debate Pamphlet The house engaged in debate over Rep. Lynch's second publicity pamphlet bill, and ended by sustaining a majority report of the state af1 fairs committee which was for passage of the bill. The bill would provide for publication of the publicity pamphlet only when initiated, referred or constitutional measures are to be submitted to the people, and would prohibit candidates from advertising in the pamphlet. Rep. Twichell said the bill would (Continued on page 3.)