First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2377
Charter Number: 2377
Start Date: April 6, 1905
Location: Fargo, North Dakota (46.877, -96.790)

Metadata

Model: gpt-5-mini
Short Digest: 781254b1

Response Measures

None

Description

Article (Minneapolis Journal, 1905-04-06) references depositors filing claims with a receiver (Mr. Baird) and discussion of dividends and directors, indicating the First National in Fargo was in receivership/closed. No run is described in the text. OCR irregularities corrected (e.g., fragmented sentences).

Events (2)

1. April 6, 1905 Receivership

Newspaper Excerpt: So far Mr. Baird, the receiver, has declined to give any intimation as to when the first dividend may be expected ... would have no recourse against the directors in case of loss. ... One fear is that if they bring Rooney to Fargo ... efforts to effect a rescue. ... It is estimated that about 5 per cent of the depositors in the First National failed to file their claims before the last day for filing, probably thru neglect. A few, however, are said to have refused to file, for by so doing they believed they would be compelled to accept the dividends to be paid by the receiver the standing directors would have no recourse against the directors in case of loss. So far Mr. Baird, the receiver, has declined to give any intimation as to when the first dividend may be expected or the probable percentage the payment will bear to the entire claim. (1905-04-06).
Source: newspapers

2. April 6, 1905 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; depositors required to file claims and receiver (Mr. Baird) managing dividend payments.
Newspaper Excerpt: It is estimated that about 5 per cent of the depositors in the First National failed to file their claims before the last day for filing ... So far Mr. Baird, the receiver, has declined to give any intimation as to when the first dividend may be expected or the probable percentage the payment will bear to the entire claim.
Source: newspapers

Newspaper Articles (1)

1. April 6, 1905 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, April 6, 1905

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Article Text

THE MINNEAPOLIS JOURNAL. OF THE NORTHWI MINNESOTA NORTH DAKOTA FARIBAULT'S TEACHING FORCE Franklin Re-elected Superintendent by OFFICERS W Unanimous Vote. FARIBAULT, MINN.-The board of education, by a unanimous vote, re-elected Professor George A. Franklin superintendent, Other teachers enNED OVER gaged are as follows: High School-Virgil L. Jones, principal; Mrs. Julia V. Brower, history and algebra; Blanche R. Nichols, German and Latin; Ella M. Hawk, THE FEAR A RESOUE V English: Kate Wyman, mathematics and chemistry; A. K. Grube, manual training; L. D. TEMPTED BY ACC Roberts, science and algebra; Mary V. Wales, normal department; Lulu S. Van Horn, English and grammar; Nettle Johnson, United States history and drawing; Bertha E. Miller, Convicted Murderer W Hardly mathen atics and English. Central School-Mrs. Emily Rosaaen and of His Guarded to Prevent Laura A. Odell. seventh grade; Jessie A. Pierce and Mary L. Bennet, sixth; Mrs. C. M. CaruPromfor Suicide-Present fel and Rebecca Mortenson, fifth: Elizabeth Andrews, fourth; May C. Dougherty, second; CarMay Take Him to Fargo rie M. Pierce and Mary E. Hughes, first. McKinley School-Bridget A. Coughlin, fifth Him at Night. grade; Eleanor Jennings, fourth; Edith E. Jones, third; Sara W. Pierce, second; Nellie W. Charles and Anna Hussey, first. West Side School-Bertha Roth, second and Special to The Journal. third grades; Georgia T. Lee, first. Decker Fargo, N. D., April 6.-T Main Street School-Rose A. Conlin, first and before 18 second grades. John Rooney, the murderer, reasons East Side School-Mattie E. Fink, third and officials some worry. Efforts is that fourth grades; Beatrice Lindberg, first and secobserve great secrecy regar ond. car ferry to have the prisoner here Mrs. Louise Mettler-Smith has been engaged to The officials seem to think t teach music and Janet M. Stevens drawing. previous of the former accomplices of It is estimated that about 5 per cent of the Satto effect a rescue. He ope depositors in the First National failed to file been seen gang of holdup men who + their claims before the last day for filing, the hands along the railroads ] by probably thru neglect. A few, however, are for said to have refused to file, for by 80 doing gaged Another fear is that if gi left they believed they would be compelled to acport Rooney may attempt to ch cept the dividends to be paid by the receiver thetanding committing suicide. The DI and would have no recourse against the directors that bring Rooney to Fargo on in case of loss. So far Mr. Baird, the reat 11 p.m., hold a night se ceiver, has declined to give any intimation as line assert then send him back to Bis to when the first dividend may be expected or across morning train. the probable percentage the payment will assigned bear to the entire claim. A sensational leap thru $ in a flying passenger train h F. A. Bolles' bankrupt stock was purchased at auction today by Walter Smith of this city Walter Otley, a young Siou for $1,900. The stock was invoiced at $4,111. reservation. The brave had 1 Mr. Smith also purchased the fixtures and will at Detroit, Minn., and drank continue the business. "firewater." On the way to L. E. Hand of Morristown has been elected the Chippewas were after hir the delegate from this county to the Woodmen's Superinthe window. The train W state convention; F. M. Pierce of Faribault alOtley was found unconscio ternate. Fargo where he soon recove Sheriff Geiger has appointed W. E. Hibbard superof a sore shoulder. of Northfield deputy for Rice county. was ounvy The county officials are A new lodge of the Lady Maccabees to be folas turn over the city's share known as the Faribault hive has been organized. the In Mrs. Mary L. Bennett, who has been a teacher penalty on delinquent taxe 1,398. in the Faribault schools for seventeen years. has which will test the validity was Young declined re-election. She will, join her husband Jennie pal law. A demand was n in Oliver county. N. D. was someby City Treasurer Mitchell