12267. German State Bank (Glen Ullin, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 28, 1909
Location
Glen Ullin, North Dakota (46.815, -101.830)

Metadata

Model
gpt-5-mini
Short Digest
c86fcd1c

Response Measures

None

Description

The bank was closed by the state examiner after an examination uncovered large shortages (~$65,000–$75,000) and alleged forgery/embezzlement by President W. T. Moore. Articles describe the examiner taking possession and the president's arrest; no article describes a depositor run, nor a successful reopening. Although reorganization was mentioned as a possibility, the available articles indicate suspension leading toward permanent closure/receivership, so classified as suspension_closure.

Events (3)
1. August 28, 1909 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State examiner found alleged shortage of $65,000–$75,000; president accused of drawing a $1,900 check on the bank and forging an $800 note; charges of embezzlement and dishonest practices led to examiner closing the bank and taking possession.
Newspaper Excerpt
W. T. Moore of Glen Ullin, president of the German State bank of that city which was closed by the state late Saturday afternoon, is a defaulter and forger, according to Public Examiner Oliver Knudson.
Source
newspapers
2. August 31, 1909 Other
Newspaper Excerpt
Unless the bank is immediately reorganized, Mr. Knudson announces that he will apply to the courts for a receiver. The bank is now in charge of Deputy Bank Examiner Fahey.
Source
newspapers
3. September 10, 1909 Other
Newspaper Excerpt
President Moore ... has been placed under arrest on a warrant ... charged with embezzlement ... It looks as if the depositors would lose nothing, President Moore having turned over all his private assets.
Source
newspapers

Newspaper Articles (3)
1. August 31, 1909 The Fargo Forum and Daily Republican Fargo, ND
Article from The Fargo Forum and Daily Republican, August 31, 1909

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Article Text

Glen Ullin Banker Is an Alleged Defaulter State Bank Examiner Knudson Charges President W. T. More of Closed Institution With Serious Crimes-State's Attorney of Morton County Has the Information WARRANT MAY BE ISSUED TODAY MOORE IS NOW AT MANDAN. Mandan, N. D., Aug. 31.-State's Attorney J. M. Hanley of Morton count an interview with a representative of The Forum, this afive out the following statement regarding the affairs of State bank of Glen Ullin: Moore is here at Mandan assisting the accountants in the liabilities and assets. He is under surveillance and going we are avoring to figure the amount of losses, if any, so as to determine the criminal charge. Moore is ready to give himself up if a shd is found, and is materially .ssisting in the investigation. It is ght the depositors will lose nothing. I am watching the matter ca ly and Moore will be held if a shortage is found." W. T. M of Glen Ullin, president of the German State bank of that city which was closed by the state late Saturday afternoon, is a defaulter and forger, according to Public Examiner Oliver Knudson, who spent Monday night in Fargo en route to his home at Michigan City. Examiner Knudson closed the Glen Ullin bank himself. Following an examination of the bank's books, he placed information in the hands of the state's attorney's office at Mandan alleging that President Moore is a defaulter on a check drawn by himself on the bank in the sum of $1,900, and a forger on a note in the sum of $800. It is expected that a warrant will be issued today and that Moore will be placed under arrest. According to Mr. Knudson, the state examiner's department took pos. session of the Glen Ullin bank because of the slipshod methods which were being used in its management, and also in order to allow the stockholders to "make good" and reorganize the institution if they so desired. Unless the bank is immediately reorganized, Mr. Knudson announces that he will apply to the courts for a receiver. A shortage in the funds of between $65,000 and $75,000 is alleged to exist by the state examiner, The bank at the time it was closed last Saturday had $187,000 deposits subject to check. In case two or three of the leading stockholders can develop plans for reorganizing the distressed institution, the bank will probably be reopened in a few days. In the opinion of Examiner Knudson, the depositors will not suffer as a result of the bank's present trouble. The bank is now in charge of Deputy Bank Examiner Fahey.

2. September 2, 1909 Emmons County Record Linton, Williamsport, ND
Article from Emmons County Record, September 2, 1909

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Article Text

The German State Bank at Glen Ullin. Morton county. west of Mandan, has been closed by the bank examiner. The president, W. J. Moore, is short $65,000 in his account with the bank. He is charged with forgery and other dishonest practices in conducting the affairs of the bank. It was reported Tuesday in Mandan that he was to be arrested at once. It is said that the depositors will not suffer loss. C.A. Patterson received a telegram Tuesday from J. E. ("Jimmy") Davies, formerly of Linton and afterward of Washburn, that he had made the deal by which he and Mr. Patterson had secured the ownership of the bank at that place, and for him to come at once. He intended to take the afternoon train: but. having sold an auto to the Howard brothers at Fort Yates, with immediate delivery wanted, he found it necessary to make the trip to Yates that day. In a wreck of N. P. passenger train No. one of the two crack trains of that road at Detroit, Minn., Monday, Engineer White was killed and several people injured. The dead engineer had been in the employ of the Northern Pacific many years. A freight train standing on the track was run into by the passenger, going at the rate of forty miles an hour. It is said that the freight train had no right on the track, and that the blame attaches to the crew of that train. Frank Jasz-ko-wi-ak, of Bismarck, has received his big ghasz-o-leign enn-gheign (spelling in consonance with Frank's name) that he had built for him on lines that came from his own individual think-tank. The engine is said to be the largest in the state. It has a forty-gallon gasoline tank to hold the fuel. The engine weighs more than seven tons, and the drive-wheels are seven feet high, Four cylinders, with an eight-inch stroke and a seven-inch bore, give the big machine forty-five horsepower, and it is calculated to pull eight fourteen-inch plows. The speed can be regulated at one, two or three miles an hour. It is equipped with an auto steering-gear, and was manufactured by a firm in Clinton, III.

3. September 10, 1909 The Pioneer Express Pembina, ND
Article from The Pioneer Express, September 10, 1909

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Article Text

# GLEN ULLIN BANK WILL PAY. President Moore Assisting to Straighten its Affairs. Mandan—President W. T. Moore, of the suspended German State Bank of Glen Ullin, has been placed under arrest on a warrant issued by States Attorney Hanley of Morton county, charged with embezzlement, following an investigation of the affairs of the closeed bank, According to a statement of the states attorney It looks as if the depositors would lose nothing, President Moore having turned over all his private assets.