Golden Valley State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1927
Location: Beach, North Dakota (46.918, -104.004)

Metadata

Model: gpt-5-mini
Short Digest: 341bbdec

Response Measures

None

Description

Articles (Dec 1–2, 1927) identify L. R. Baird as receiver of the Golden Valley State Bank of Beach and call it an insolvent corporation. No run is described; the bank is in receivership (closure). I infer suspension/closure due to insolvency (bank-specific adverse information).

Events (2)

1. December 1, 1927 Receivership

Newspaper Excerpt: L. R. Baird as receiver for the Golden Valley State Bank of Beach vs. J. A. Miller and C. E. Joslyn; insolvent corporation noted in report of receiver's suit and supreme court decision referenced in Dec. 1-2, 1927 articles.
Source: newspapers

2. December 1, 1927 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as insolvent and placed in receivership; court litigation over bank obligations noted in articles.
Newspaper Excerpt: L. R. Baird, as receiver of the Golden Valley State Bank of Beach an insolvent corporation
Source: newspapers

Newspaper Articles (2)

1. December 1, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 1, 1927

Click image to open full size in new tab

Article Text

From Golden Valley County L. R. Baird, as receiver of t Golden Valley State Bank of Beach an insolvent corporation plaint and respondent -VS- J.A. Mil and C. E. Joslyn, defendants, J. Miller, appellant. SYLLABUS: (1) Where notes are endorsed a

2. December 2, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 2, 1927

Click image to open full size in new tab

Article Text

THE BISMARCK TRIBUNE the Jeschke Estate, the supreme near Stanton for the pa court held is a case appealed from formerly living in Bald Stark county district court. The groom is Edward The case resulted f m the fact er, a successful young of Mr. and Mrs. H. F. that Jeschke facing death in a hoswho have been very pital, gave a friend a certificate of farmers in this vicinity deposit issuęd by the bank and in15 years and are highly structed him that the money was The wedding occurred for his daughters. The money was of the bride's parénts an claimed bot'. by the daughters and drove to their new farm the administrator of the estate and Mott by airplane. They the bank refused to make payment south soon for the wint without à court order designating Eaglerock biplane and the owner. honeymoon in the sunn The supreme court held that John Oklahoma and Texas, b Jeschke intended the money as a turn to their Mott farm : gift to his daughters and the fact that it was given by him to a third Burn person for delivery did not affect Beulah Coa the validity of the sift. Endorsers of notes are relieved Wachter Transfer of liability to a bank in cases where Phone 62 the original notes ar. surrendered to the maker and new notes, without the signature of the endorser, are issued in their place, the supreme court has held in the case of L. R. Baird as receiver for the Golden Valley State Bank of Beach vs. J. A. Miller and C. E. Joslyn. The decision reverses the Golden Valley district court which held in Baird's Some favor. As presented to the court the record shows that Miller endorsed Joslyn's not and the the latter Al took up part of the indebtedness and gave a new note for the balance which was never paid. Satur