Farmers Bank - Fessenden, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1934*
Location: Fessenden, North Dakota (47.649, -99.629)

Metadata

Model: gpt-5-mini
Short Digest: eb3ac223

Response Measures

None

Description

Article (June 14, 1935) states Farmers Bank of Fessenden was already 'in the hands of the receivers' by March 1934, indicating the bank had been closed and placed in receivership earlier. No run is described in the provided text. I classify this as a suspension that resulted in closure/receivership. No clear reopening is mentioned.

Events (2)

1. March 1, 1934* Receivership

Newspaper Excerpt: in March, 1934, over 600 farmers repossessed the home of Christ Weiss, who had been evicted because of inability to pay his mortgage to the Farmers Bank of Fessenden, already then in the hands of the receivers.
Source: newspapers

2. June 4, 1935 Other

Newspaper Excerpt: We, the farmers and workers gathered at the Farmers Holiday mass meeting at Fessenden, N. D., on June 4, 1935, adopted the following resolution: The lawsuit for damages against the 45 farmers of Wells and Eddy counties by L. R. Baird, receiver of closed banks, is a blow directed against every organizer farmer and worker in the state.
Source: newspapers

Newspaper Articles (1)

1. June 14, 1935 The Producers News Plentywood, MT

Article from The Producers News, June 14, 1935

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Article Text

# RESOLUTION We, the farmers and workers gathered at the Farmers Holiday mass meeting at Fessenden, N. D., on June 4, 1935, adopted the following resolution: The lawsuit for damages against the 45 farmers of Wells and Eddy counties by L. R. Baird, receiver of closed banks, is a blow directed against every organizer farmer and worker in the state. In March, 1934, over 600 farmers repossessed the home of Christ Weiss, who had been evicted because of inability to pay his mortgage to the Farmers Bank of Fessenden, already then in the hands of the receivers. These farmers, the neighbors and friends of the Weiss family, showed their determination to protect themselves through organized and united mass action, by protecting these people in their right to a home. The receiver of banks allowed the matter to drop, realizing the strength of the organization of the farmers at that time, and waited for a more opportune time to strike. Thousands of similar cases have occurred throughout this state as well as in most others, therefore this attack is against all of us. The serving of he summons six months after the complaint had been sworn to, and bringing it into Pierce county rather than the county where the action occurred, shows that the state receiver of closed banks is attempting to smash the resistance of the farmers, to the robbing of their homes. Pierce county farmers have been less actively engaged in these struggles in the past and have been less organized. This fact is being taken advantage of by Baird and the banking interests in general. The smashing of the Holiday has become the most important task of the loan sharks, insurance companies and Wall Street bankers' agents. # WHAT MUST BE DONE Every farmer and worker realizing the strength there is in organization must be gotten active in the furthering of this fight. Everywhere we must raise the demand for the dropping of the case against all the defendants. Protests from mass meetings and all interested workers and farmers, business and professional people must be poured in to Acting Governor Welford, Bismarck, N. D., -and to L. R. Baird, receiver of closed banks, Bismarck, N. D. In the face of the attack against the Holiday Association, every farmer must work more actively to build the solidarity of the workers and farmers in all struggles. We must get together in a broad united front struggle drawing in all organizations such as the National Holiday, the Farmers Union, other farm organizations, unemployed councils and trade unions. Realizing the need for broad unity, the Farmers National Committee for Action, a broad united front committee elected at the First Farmers Emergency Relief Conference held in Washington, D. C., in December, 1932, has pledged to support the fight and is bringing it to the farmers in every state through its affiliated organizations and its official paper, the Farmers National Weekly. This fight is the fight of every farmer and worker. Orly the united action of the workers and farmers will smash the attack against our organization. Collection lisst to raise funds to meet this need should be circulated, making the support state-wide and also of a mass character. All funds should be sent to John G. Walz, Fessenden, N. D., secretary of the Wells and Eddy County Farmers Defense Committee.