12390. Cavalier County National Bank (Langdon, ND)

View Charter #9075 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9075
Charter Number
9075
Start Date
January 1, 1924*
Location
Langdon, North Dakota (48.760, -98.368)

Metadata

Model
gpt-5-mini
Short Digest
adc530de

Response Measures

None

Receivership Details

Depositor recovery rate
7.4%
Date receivership started
1923-10-29
Date receivership terminated
1930-11-15
OCC cause of failure
Economic conditions
Share of assets assessed as good
64.1%
Share of assets assessed as doubtful
27.2%
Share of assets assessed as worthless
8.7%

Description

Articles consistently refer to the bank as closed (in 1924) with a receiver (L. C. Hazlett) later charged with embezzlement. No article describes a depositor run. The bank was closed and a receiver appointed, and the receiver was prosecuted (indictment and guilty plea through 1927–1929).

Events (6)
1. March 19, 1908 Chartered
Source
historical_nic
2. October 29, 1923 Receivership
Source
historical_nic
3. January 1, 1924* Receivership
Newspaper Excerpt
former receiver of the closed Cavalier County National bank at Langdon, charged with embezzling funds collected while receiver, and that of Harry Miller ... The Hazlett case was transferred ... charged with embezzling funds collected while receiver. (articles 1,2,3,4,5,6,7 refer to L. C. Hazlett as former receiver and his prosecution/plea).
Source
newspapers
4. January 1, 1924* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was closed and a receiver appointed (indicates insolvency or failure leading to suspension).
Newspaper Excerpt
closed Cavalier County National bank at Langdon, N. D., in 1924
Source
newspapers
5. September 26, 1927 Other
Newspaper Excerpt
Hazlett is at liberty under $2,000 bond furnished after his arrest by federal authorities his indictment by federal grand jury on charge of funds by him as receiver of the closed Cavaller County National bank at Langdon, N. D., in 1924 and
Source
newspapers
6. January 16, 1929 Other
Newspaper Excerpt
L. C. Hazlett, former receiver of the Cavalier County National bank at Langdon, also pleaded guilty to charges of embezzlement and was fined $500.
Source
newspapers

Newspaper Articles (7)
1. September 26, 1927 The Minneapolis Star Minneapolis, MN
Article from The Minneapolis Star, September 26, 1927

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Article Text

S.S. Thorpe and Barges Expected Here Tuesday Following the tieup of traffic in Dubuque, Iowa, last week which resulted from mixup of orders, the steamer S. Thorpe with its tow of barges is expected to reach Minneapolis Tuesday, according an announcement made by the Upper Mississippi Barge Co., today. bound north passed Wabasha Saturday night and was scheduled to reach Prescott late Sunday. BANK RECEIVER ACCUSED Grand Forks, D., Sept. C. Hazlett is at liberty under $2,000 bond furnished after his arrest by federal authorities his indictment by federal grand jury on charge of funds by him as receiver of the closed Cavaller County National bank at Langdon, N. D., in 1924 and PRESENT BUFFALO HEADS Calgary, buffalo heads in the ballroom the Banff Springs Hon. Dr. R. G. Brett to Harold T. Brown, and Welll, New York winners in Red Cross contest at the Banff mountain resort.

2. January 18, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 18, 1928

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Article Text

# Indictment of # Eggers Quashed Grand Forks, Jan. 18.—(AP)—Indications this morning were that the term of federal district court which opened here Tuesday morning will be adjourned late this afternoon, following the trial of Charles Wallingham, Bowesmont youth, charged with breaking into the postoffice at Bowesmont on August 8, 1926. The criminal calendar scheduled for the Grand Forks term was cut to pieces Tuesday with the quashing of the indictment of Henry B. Eggers, manager of the Grafton Roller Mills, and the continuance of the cases against L. H. Sprague of Grafton, and of L. C. Haslett, receiver of the closed Cavalier County National bank at Langdon.

3. February 21, 1928 Morning Pioneer Mandan, ND
Article from Morning Pioneer, February 21, 1928

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Article Text

CAVALIER BANK RECEIVER WILL COURT Fargo, February term of federal court has been called for Bismarck for March following adjournment the opening Devil's Lake Important cases at Bismarck clude that of Hazlett, former receiver of the Cavalier County National Bank at Langdon, charged with embezzling funds collected while ceiver. and that of Harry Miller rested in St. Paul on charge robbing the postoffice at Belcourt about three years ago. The Hazlett case transferred to Fargo and then to Bismarck because of illness. The term of court here closed today

4. February 21, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, February 21, 1928

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Article Text

# Federal Court Term to Open Here Mar. 6 Fargo, N. D., Feb. 21.—(AP)—A term of federal court has been called for Bismarck for March 6, immediately following the term opening at Devils Lake Wednesday. Important cases at Bismarck include that of L. C. Hazlett, former receiver of the Cavalier County National bank at Langdon, charged with embezzling funds collected while receiver, and that of Harry Miller, arrested in St. Paul on a charge of robbing the postoffice at Belcourt about three years ago. The Hazlett case was transferred to Fargo and then to Bismarck because of illness. The term of court here closed today.

5. February 22, 1928 Morning Pioneer Mandan, ND
Article from Morning Pioneer, February 22, 1928

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Article Text

CAVALIER BANK RECEIVER WILL FACE COURT Fargo, D., February term federal court has been called for Bismarek for March im mediately following the adjournment the term opening at Devil's Lake Wednesday Important cases at Bismarek in clude that of Hazlett, former receiver of the Cavalier County Nat ional Bank at Langdon, charged with embezzling funds collected while ceiver. and that of Harry Miller, rested in St. Paul on charge robbing the postoffice at Belcourt about three years The Hazlett case was transferred to Fargo and then to Bismarck be cause of illness. The term of court here] closed today.

6. March 5, 1928 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 5, 1928

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Article Text

# FEDERAL COURT # OPENS TUESDAY Term Expected to Last Two Weeks—Several Important Cases Listed A term of federal court opens in the federal court rooms in the Bismarck postoffice at 10 a. m. tomorrow. Officials of the U. S. marshal's office who arrived in the city today announced that they expected the term would last at least two weeks. Several important cases are on the docket. The case of L. C. Hazlett, former receiver of the Cavalier County National bank at Langdon, charged with embezzling funds collected while receiver, and that of Harry Miller, arrested in St. Paul on the charge of robbing the post-office at Belcourt, N. D., three years ago, are two of the important cases that will be tried before Judge Andrew Miller. Members of the U. S. marshal's office who arrived from Fargo today are O. Gunvaldsen, marshal; Howard H. Strack, chief deputy; Hector G. Barnes, James Collins, R. H. Walker, Jacob Rothschiler, deputies; and Kathryn Erickson, stenographer. Ella O'Keefe, stenographer in the U. S. district attorney's office, is also here.

7. January 16, 1929 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, January 16, 1929

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Article Text

# GONTKA MURDER MERCENARY, LYNN TELLS JURY NICARAGUAN REBEL WILL MAKE PEACE IF MARINES RETIRE Withdrawal of American Forces Only Condition on Which Sandino Will Give Up IS ANSWER TO ADMIRAL Asks Moncada to Withdraw Forces in North; Will Permit Civil Officers to Stay Tegucigalpa, Honduras, Jan. 16.- Fire Writes Last Tragic Chapter for the Ruths # TREATY SIGNATORIES EXPECTED TO ADOPT UNITED STATES LEAD Blaine Only Senator to Vote Against Ratification of Kel- logg Anti-War Pact # NAVAL BILL FIGHT LOOMS Opponents of Cruiser Bill Pass Word They Will Not Filibuster to Block Vote on Measure CAL WILL SIGN PACT Washington, Jan. 16.-(P)- # PROHIBITION, LAW VIOLATIONS PROBE IS PLANNED BY HOOVER Senate Dry and Wet Leaders Will Abandon Resolutions Asking Prohibition Inquiry # TO EXAMINE VOLSTEAD LAW To Determine if Disregard of Dry Law Is Hurting Ob- servance of Other Laws Washington, Jan. 16.-(AP)-President-elect Hoover is to appoint a spe- cial commission soon after March 4 to investigate prohibition and general law violations as well as court pro- # LINTON MAN AVERS INEZ SHOWED SIGNS OF DRINK AT DANCE Farm Hand States He Saw Charles Gontka Kick Son but Not Mistreat Girls # SOLICITOUS FOR TAXPAYERS Expense of Calling Witnesses From Emmons County Causes Attorneys' Clash Manville H. Sprague Sentenced to Prison; Hazlett Fined $500 Fargo, N. D., Jan. 16.-(P)-Pleading guilty to a charge of embezzlement, Manville H. Sprague, former cashier of the First National bank of Graf- ton, N. D., was sentenced to serve two years in the federal penitentiary at Leavenworth, Kas., and fined $2,000 in federal district court yesterday. Sprague's plea of guilty came as a surprise to court attaches as his case was scheduled for trial before the federal court in Grand Forks. L. C. Hazlett, former receiver of the Cavalier County National bank at Langdon, also pleaded guilty to charges of embezzlement and was fined $500.