12215. Citizens State Bank (Edgeley, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 12, 1925
Location
Edgeley, North Dakota (46.359, -98.716)

Metadata

Model
gpt-5-mini
Short Digest
cb5b812c

Response Measures

None

Description

Newspaper articles refer to O. L. Engen 'as receiver' of the Citizens State Bank of Edgeley (receiver referenced in March 1925). No article describes a depositor run; the bank had a receiver and litigation over notes, indicating the bank closed and was in receivership. Dates of actual suspension not given in the clips; receiver is on record by 1925-03-12.

Events (3)

1. March 12, 1925 Other
Newspaper Excerpt
JUDGMENT ON NOTE UPHELD ... obtained by O. L. Engen, as receiver of the Citizens State Bank of Edgeley, against the Medberry Farmers Equity Elevator
Source
newspapers
2. March 12, 1925 Receivership
Newspaper Excerpt
O. L. Engen, as receiver of the Citizens State Bank of Edgeley
Source
newspapers
3. April 28, 1925 Other
Newspaper Excerpt
C. L. Engen as receiver of the Citizens State bank of Edgely vs. Medberry Farmers Equity Elevator company (case on supreme court calendar)
Source
newspapers

Newspaper Articles (3)

Article from The Bismarck Tribune, March 12, 1925

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Article Text

JUDGMENT ON NOTE UPHELD IN HIGH COURT Supreme Court Also Rules in Several Other Cases Before It A judgment of $9,000, for a $5,000 note and $4,000 interest, obtained by o. L. Engen, as receiver of the Citizens State Bank of Edgeley, against the Medberry Farmers Equity Elevator, N. J. Paulson, A. H. Carow and other individuals, members of the board of directors of the elevator company, who did not appeal, was affirmed in a decision handed down by the supreme court. The court, in affirming the decision of District Judge M. J. Englert, held that "an irregular endorser of a negotiable promissory note is entitled to the rights of a regular endorser and that "a negotiable promissory note, payable in a named village, but without designating any particular place within the village, is sufficiently presented, so as to charge endorsers." Other decisions handed down today by the court include: Ellen Doyle and Agnes Reineke, plaintiffs and appellants, against William J. Doyle, defendant and respondent, an appeal from Ramsey county involving a conveyance of real estate, in which decision was for the respondent. Edla H. Fyten, plaintiff and respondent, vs. A. J. Cummins and C. M. English, defendants and appellants, an action to have a land purchase contract cancelled, in which decision in favor of the former was modified and affirmed. That pottion of the lower court's decision which gave Fyten recovery of $6,113.55 from A. J. Cummins was stricken out. The effort of Golden Valley countv to recover from E. J. Curtin and B. J. McKay on a depository bond, executed by the First National Bank of Beach, which the latter two signed as sureties, failed in the attempt to attach land in Iowa. The lower court's decision for the defendants was upheld, the court holding the attachment was unlawful.


Article from The Bismarck Tribune, March 16, 1925

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Article Text

From LaMoure County O. L. Engen, as Receiver of Citizens State Bank of Edgeley, Plaintiff and Respondent, vs. Medberry Farmers Equity Elevator Company, a corporation, et al, Defendants. N. J. Paulson and A. H. Carow, Defendants and Appellants. (Syllabus by the Court.) 1. An irregular endorser of a negotiable promissory note is entitled to the rights of a regular endorser, under sections 6955-6959, C. L. 1913, (Secs. 70 to 74 Uniform N. I. Law), pertaining to presentment, protest, and notice of protest. 2. A negotiable promissory note, payable in a named village, but without designating any particular place within the ¡villagq, is sufficiently presented, so as to charge endorsers, when it is in the possession of a notary in the place named with authority to receive payment, and to protest it for non-payment, the maker not having any place of business or residence within the place named in the note. Appeal from the District Court of LaMoure County, Hon. M. J. Englert, Judge. Affirmed. Opinion of the Court by Johnson, J. A. G. Porter, Edgeley, N. D. and Hutchinson and Lynch, LaMoure, N. D. Attorneys for Defendant and Appellant. O. S. Gunderson and Conmy, Young, Burnett, and Emanuel Sgutt, Fargo, N. D., Attorneys for Plaintiff and Respondent. From Burleigh County Mrs. A. L. Thompson, Plaintiff and Respondent. vs. William M. Ba-


Article from The Bismarck Tribune, April 28, 1925

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Article Text

# SUPREME COURT # MAY TERM WILL # OPEN ON MAY 6 The May term of the state supreme court will open on May 6. Twenty cases are on the calendar as follows: 1-First National Bank of McVille vs. Levi Cutru; motion to dismiss appeal. 2-State of North Dakota vs. Oscar Runny; order to show cause why appeal should not be dismissed. 3-State of North Dakota vs. Stanley Wasick and Louis Olson; order to show cause why appeal should not be dismissed. 4-John Nelson vs. L. C. Matthews; order to show cause why appeal should not be dismsised. 5-Stair & Pederson vs. Eva Hibbs. 6-Dalton National bank vs. Lena Johnson and Farmers' Elevator company. 7-Philip J. Young and John C. Young vs. Selzer Lumber company. 8-Charles A. Heinemeyer vs. Mercer county. 9-Peter Kronich vs. McLean county. 10-Joseph E. Rosatti vs. Common School District 95, Cass county. 11-C. L. Engen as receiver of the Citizens State bank of Edgely vs. Medberry Farmers Equity Elevator company. 12-State of North Dakota vs. Anna Cook. 13-North Dakota Trust company vs. City of Hankinson. 14-State of North Dakota vs. City of Hankinson. 15-Standard Oil company vs. W. J. Braun. 16-Estate of Gilbert Coughlin vs. Ella R. Coughlin, administrator of estate. 17-Effie I. Felch vs. S. A. Olsness, commissioner of insurance. 18-B. Anderson vs. C. M. Hanson. 19-State of North Dakota vs. Martin E. Mattson. 20-Schultz Brothers vs. E. M. Truax and John Greenup.