Barton State Bank - Barton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 12, 1914
Location: Barton, North Dakota (48.507, -100.176)

Metadata

Model: gpt-5-mini
Short Digest: 72036ec1

Response Measures

None

Description

The article (1914-12-12) lists a balance due from the 'defunct' Barton State Bank ($1,522.87). No run is described; the bank is indicated as closed/defunct and there is no mention of reopening. Information is limited to a brief note in the state treasurer's report.

Events (1)

1. December 12, 1914 Suspension

Cause Details: Listed as 'defunct' in the state treasurer's biennial report; no cause given or described in the article.
Newspaper Excerpt: The same condition exists as to the Barton State bank with the figures $1,522.87 at the time the report was made.
Source: newspapers

Newspaper Articles (1)

1. December 12, 1914 Grand Forks Daily Herald Grand Forks, ND

Article from Grand Forks Daily Herald, December 12, 1914

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Article Text

BIENNIAL REPORT SHOWS EXPENSES Gunder Olson Tells of Condition of North Dakota Treasury. Bismarck, N. D., Dec. 12-Gunder Olson in his biennial report to the legislature shows that during the past two years the state has paid off $250,000 in bonds, some of them due in 1921 and running from that date to as late as 1926. The report also shows that there is a balance due from the defunct First National bank at Rugby of $3,066.29, this being an item that came to the office from a former administration and which has been cut down some during the past two years as adjustments have been made. The same condition exists as to the Barton State bank with the figures $1,522.87 at the time the report was made. The Medina State bank, the only bank to suspend business in the state during the period, which has not since opened its doors for business had a shortage of $1,394.01, but this amount had been paid by the bonding company by which the state was insured, a short time after the report was published, or to be exact on July 9. so the state did not lose by that failure. In his suggestions to the legislature as to amendment to the laws, Treasurer Olson states that he believes the bonds sold by the state should be of larger denomination as this will save a vast amount of labor not only in the treasurer's office but in the offices of the district town or county, and he alSO believes the county treasurers should be required to send in the interest collected on farm loans the same date it is received.