Barton State Bank - Barton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 30, 1917
Location: Barton, North Dakota (48.507, -100.176)

Metadata

Model: gpt-5-mini
Short Digest: d3c1bbd4

Response Measures

None

Description

Article (Grand Forks Herald, 1917-09-22) refers to the late Barton state bank and lists it among suspended banks owing the state, indicating the bank had suspended and was effectively closed by the fiscal-year accounting. No run or reopening is mentioned, and no receiver is explicitly named in the excerpt.

Events (1)

1. June 30, 1917 Suspension

Cause Details: Article only lists Barton State Bank among suspended banks in state accounting; no cause given in the excerpt (no rumor, run, or specific adverse info provided). Likely routine failure/suspension prior to fiscal-year close but cause unspecified in text.
Newspaper Excerpt: The late Barton state bank owes the state $152.44
Source: newspapers

Newspaper Articles (1)

1. September 22, 1917 Grand Forks Herald Grand Forks, ND

Article from Grand Forks Herald, September 22, 1917

Click image to open full size in new tab

Article Text

STATE RECEIPTS FOR YEAR OVER SIX MILLION Expenditures for Year Ending June 30 Exceed Receipts, However. Bismarck, N. D., Sept. 22.-The total receipts of the state of North Dakota for the year ending June 30, 1917, were $6,196,611.59. The state had on hand at the beginning of the year $1,485,820.95, the expenditures for the year, $6,468,953.15, being somewhat in excess of receipts. The state's only bad accounts are two small amounts due from suspended banks. The late Barton state bank owes the state $152.44, and there is $3,052.61 still due from the First National bank of Rugby. In the teachers' retirement fund at close of the year there was $70,000, while there was due from state depositaries $1,409,320.55. The balance in the state hail insurance fund at the end of the year was $61.96, as against a balance of $266.74 at the beginning of the year; $33,096.93 was collected and $33,301.71 expended for hail insurance. General fund collections for the year were $2,319,268.40, and expenditures were $2,320,109.85. There was $408,841.61 in the genral fund when the year opened, and $408,000.16 when it closed. The permanent common school fund at the beginning of the year was $674,773.24; $991,774.49 was collected, $1,374,106.25 expended, and $292,441.48 remained in the fund when the year ended. The motor vehicle registration fund is growing. There was a balance of $29,415.81 when the year opened; collections totaled $244,844.77, expenditures $224,025.98, and there remained $50,274.60 on hand June 30. The terminal elevator fund at the close of the year amounted to $104,805.59, collections for this fund, one-eighth of one mill on all assessable property, amounting to $45,373.22, while there was $59,489.17 on hand at the beginning of the year. No further additions will be made to this fund, the law creating it having been repealed by the last legislature. The state highway fund at the close of the year amounted to $70,855.60, which represented collections made from the registration of motor vehicles after the taking effect of the state highway law passed by the last legislature. The revenues of the twine plant for the year were $307,887.63, and expenditures were $845,072.06. Of the $56,860.69 on hand at the beginning of the year, but $19,676.26 was left at its close. The income from state taxes during the year was $1,418,319.47, and the next largest item of general fund income was $242,906.39 in fees from the office of