Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 9, 1927
Location: Leeds, North Dakota (48.289, -99.438)

Metadata

Model: gpt-5-mini
Short Digest: bea14c1e

Response Measures

None

Description

Newspaper articles (April 1927) identify L. R. Baird as receiver of the Farmers & Merchants Bank of Leeds, ND. No mention of a depositor run or reopening; the bank is in receivership and involved in litigation, consistent with a suspension followed by closure/receivership.

Events (1)

1. April 9, 1927 Receivership

Newspaper Excerpt: L. R. Baird, as receiver of the Farmers and Merchants Bank of Leeds, the case was appealed by Baird following an adverse decision of the lower court.
Source: newspapers

Newspaper Articles (3)

1. April 9, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, April 9, 1927

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Article Text

# High Court Rules on Jangula vs. Bobb Case Reversing the Burleigh county district court, the supreme court has held that where a defendant in a garnishment proceeding defends the action on the ground that the indebtedness of the garnishee is exempt under the law, it is not necessary that he set out in his answer a statement of the personal property owned by him. The decision was given in the case of Jacob L. Jangua vs. Philopena and Fred E. Bobb. When the case was heard in the Burleigh county district court a judgment for the plaintiff was entered but the supreme court reversed the decision. The supreme court has affirmed the Benson county district court in a case in which L. R. Baird, as receiver of the Farmers and Merchants Bank of Leeds, was plaintiff and the A. L. Johnson company was defendant. The case was appealed by Baird following an adverse decision of the lower court. The case grew out of adverse claims to certain land on which both the Bank and the Johnson company held liens.

2. April 11, 1927 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, April 11, 1927

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Article Text

FROM BENSON COUNTY L. R. Baird, as Receiver of Farmers & Merchants Bank of Leeds, North Dakota, a corporation, Plaintiff and 3 Appellant "

3. April 11, 1927 The Bismarck Tribune Bismarck, Mandan, ND

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Article Text

# FROM BENSON COUNTY L. R. Baird, as Receiver of Farmers & Merchants Bank of Leeds, North Dakota, a corporation, Plaintiff and Appellant -VS.- The A. L. Johnson Company, a corporation, Defendant and Respondent. SYLLABUS: In an action brought to recover damages for the conversion of grain, it appeared that the plaintiff was the assignee of a contract for the purchase of the land upon which the crop was grown and the defendant the owner of all the grain until the delivery of one-half thereof to it. The defendant filed a counterclaim based in part upon the payment of taxes on the land, which, under the terms of the purchase contract, were required to be paid by the vendee, the contract containing no stipulation making the amount paid by the vendor a lien on the crop. It is held: (1) In a suit for conversion the plaintiff must succeed on the strength of his own title. (2) Where it appears in the answer that the grain was raised under the terms of a certain contract binding upon the plaintiff and the defendant, a cause of action arising out of such contract is one "connected with the subject of the action" within 1913, defining the requisites of a counterclaim. (3) For reasons stated in the opinion, the cancellation of the contract between the plaintiff and the defendant was without prejudice to the rights of the defendant alleged in the counterclaim. Appeal from the District Court of Benson County, Hon. C. W. Buttz, Judge. # AFFIRMED. Opinion of the court by Birdzell, Ch. J. Traynor & Traynor, Devils Lake, N. Dak., Attorneys for Appellant. L. L. Butterwick, Minnewaukan, N. Dak., and Sinness, Duffy & Wheeler, of Counsel, Devils Lake, N. Dak., Attorneys for Respondent.