12471. Minot bank (Minot, ND)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
January 1, 1892*
Location
Minot, North Dakota (48.233, -101.296)

Metadata

Model
gpt-5-mini
Short Digest
757fc4b9

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension

Description

Contemporary articles (Jan 1892) report the Minot bank 'running again' after having run short of funds due to a large withdrawal by the Ward County treasurer; another notice says the bank was 'forced to suspend business temporarily.' Sequence: run/shortage → temporary suspension → resumption of business. No evidence of permanent failure or receivership.

Events (3)

1. January 1, 1892* Run
Cause
Local Shock
Cause Details
Large withdrawal of county funds by the Ward County treasurer caused the bank to run short of cash and prompted heavy withdrawals.
Measures
Paid depositors who wished the money; bank resumed operations shortly thereafter.
Newspaper Excerpt
the Minot bank had simply run short of funds owing to a large withdrawal by the county.
Source
newspapers
2. January 3, 1892 Other
Newspaper Excerpt
The Minot bank running again.
Source
newspapers
3. January 8, 1892 Suspension
Cause
Local Shock
Cause Details
Temporary suspension followed the county treasurer's withdrawal of county funds, depleting the bank's available funds and forcing a suspension of business for a short period.
Newspaper Excerpt
the Minot bank was forced to suspend business temporarily, because the county treasurer of Ward county withdrew the county funds from the bank.
Source
newspapers

Newspaper Articles (4)

Article from St. Paul Daily Globe, January 3, 1892

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Article Text

THE NEWS BULLETIN Weather--Fair and warmer. Great fire at Nashville. Gov. Boyd gets his seat. R. R. Mason, ex-mayor Chicago, dead. Sherman men little ahead in Ohio. The Minot bank running again. New Rockford roller mills destroyed. Source of Nile in dispute. Finley fines the Omaha company. Stories of the Mahdi's cruelty. Minneapolis woman burned to death. Dr. Graves is found guilty. Opie Read quits editing. Pennsylvania dairymen rioting. Judge Egan holds L. E. Elliott. Arrangements for Washington trip. Proposition to run mills by electricity. Turbulence in Morocco.


Article from St. Paul Daily Globe, January 3, 1892

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Article Text

THE NEWS BULLETIN Weather--Fair and warmer. Great fire at Nashville. Gov. Boyd gets his seat. R. R. Mason, ex-mayor Chicago, dead. Sherman men little ahead in Ohio. The Minot bank running again. New Rockford roller mills destroyed. Source of Nile in dispute. Finley fines the Omaha company. Stories of the Mahdi's cruelty. Minneapolis woman burned to death. Dr. Graves is found guilty. Opie Read quits editing. Pennsylvania dairymen rioting. Judge Egan holds L. E. Elliott. Arrangements for Washington trip. Proposition to run mills by electricity. Turbulence in Morocco.


Article from St. Paul Daily Globe, January 6, 1892

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Article Text

# TALKS WITH TRANSIENTS. Ex-Senator D. M. Sabin came over from Stillwater yesterday, and spent a good part of the day in the Merchants' lobby chatting with friends. Senator Sabin has just returned from a trip to Milwaukee and Chicago, and as a result of his observations in those cities he states that he believes that St. Paul will secure the national Democratic convention. In Milwaukee there is plenty of confidence in the home candidate, but the place most feared by the Cream City in the contest soon to be fought at Washington is not New York, onr Chicago, nor St. Louis, but St. Paul. This, Senator Sabin argues, augurs much good to St. Paul. In Chicago a most friendly feeling toward St. Paul is found, and along with this an impression that the Saintly City will prove an easy winner. "For these reasons," said the Stillwater statesman, "I. believe St. Panl is bound to win." C. D. Baker, the well-known Republican of Fergus Falls, spent yesterday in the lobby of the Merchants'. He has just returned from a two months' trip through Otter Tail, Norman, Polk and Marshall counties, looking after his collections, In answer to a question, he declared that he was out of politics, but said: "I will say, as I stated here last spring, that if Blaine is nominated for president, and some man like Knute Nelson for governor, Minnesota will surely go Republican next fall. I think that the leaders of the Alliance movement are still on deck and using every effort to make it a success, but a large part of the rank and file of the Alliance are not as enthusiastic as they were in 1890, and it is my opinion that when the votes are counted next fall there will be good many more Republican and Democratic votes and fewer Alliance votes. In many places I have found that local issues have split the Alliance party. In my opinion the result of the next election in this state will depend largely upon the nominations made by the several parties." H. W. Stone, of Benson, who is spending a few days in the city looking after business matters, is one of the best known Republican leaders in the western part of the state. Although he has never held public office, he has for some time been at the front in the party councils, and in 1890 ran for representative in the district composed of Lac Qui Parle, Swift and Chippewa counties. He was defeated by the heavy Alliance votes in those counties, although he ran ahead of his ticket. The vote in that district stood as follows: O. M. Larson, Alliance................................3,943 N. A. Wills, Alliance...................................3,585 J. McGuire, Alliance...................................3.572 J. M. Severens. Republican........................1,993 H. W. Stone, Republican.............................2,188 Mr. Larson was on both the Republican and Alliance tickets, but seems to have received only a small part of the Republican vote. Mr. Stone's lead of 200 was large when the fact is taken into consideration that it was an election in which there was great public excitement and nothing but the straight ticket was voted. Mr. Stone is cashier of the Swift County bank, of which Hon. A. N. Johnson is president. The latter has been mentioned as a likely candidate for the Republican congressional nomination in the Seventh district this year, but Mr. Stone does not think that Mr. Johnson would accept the honor. "Mr. Johnson is not a candidate," said Mr. Stone, "and I don't think he will be. He has never taken very much interest in politics as far as office-getting goes. I have usually done the political part of the business, but I am tired and propose hereafter to keep out and attend to my business. Nearly all of my business partners have been members of the legislature at some time, but I have not." Mr. Stone denied the report that he was in the cities as a delegate to the Alliance convention, but admitted that there were a number of good Alliance men around to whom he had been talking. Among those he named Judge S. L. Campbell, Hon. John R. Howard, Col. Edwards, Col. Brush and others. B. Ashley Mears, president of the Bank of North Dakota at Fargo, passed through St. Paul yesterday on his way home from the East. Mr. Mears is interested in a number of banks located in various parts of North Dakota. One of these at Minot was reported in difficulties a few days ago, and the branch at Devil's Lake was falien back upon. Mr. Mears explained the matter yesterday, saying that the Minot bank bad simply run short of funds owing to a large withdrawal by the county. The banks in which Mr. Mears is interested are all in good shape, he declares, and have large surpluses. Ex-Congressman S. G. Comstock, of Moorhead, dropped into St. Paul yesterday, not to attend the Alliance couvention, however. Mr. Comstock had evidently not taken the trouble to note the number of delegates in the Alliance gathering at Minneapolis, for he declared that the residents of the Red river valley were all satisfied with the McKinley tariff act. "The people who opposed the tariff bill a year ago," he said, "now see their mistake, and there is nobody in the Seventh district opposed to it. The workings of the McKinley bill prove that it is a beneficial measure. It is a great success, and the voters of the country will so decide in the election next year." Mr. Beifeld, of Chicago, is at the Ryan. Mr. Beifeld owns a great deal of the best flat property in St. Paul, and has had interests here for a quarter of a century. George Burbank, of Fergus Falls, is at the Merchants'. Mr. Burbank is one of the leading Republican workers of Otter Tail county, and has been engaged in the survey of the Red Lake reservation for the past year and a half. R. L. McCormick and wife, of Helena, are Ryan guests. r. Musser. the Muscatine, Io., lumberman, is in the city. W. H. Laird, of the Laird & Norton Lumber company, of Winona, spent yesterday in the city. # WOMAN'S BEAUTY.


Article from Griggs Courier, January 15, 1892

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Article Text

About Banking. A few days ago the Minot bank was forced to suspend business temporarily, because the county treasurer of Ward county withdrew the county funds from the bank. This suspension has caused. considerable comment, it being one of Mr. Mears' Banks, and has led many of our people to wonder if the First Bank of Cooperstown was n safe place to deposit funds. We publish the following letter unbeknown to Mr. Mears that may l'eassure our people in regard to the standing of our bank: National Bank of North Dakota, Fargo. N. D., Jan. 8th, 1892. J. H. McDermott, Esq,, Cooperstown, N.D. Dear Sir: I notice that you are the largest depositor at Cooperstown. There has been SO much talk lately that I thought I would write you a letter and say to you that a deposit in the First Bank of Cooperstown is as safe a place as a minn can put his money in the United States. I am worth a pretty handsome sum of money and do not owe a man a cent in the world. Of course if you take money on deposit you must loan it out for the sake of paying the expenses of the bank and if anybody can frighten the depositors they will make a stampede ard it is impossible to raise the money in one minute. I had a a run on two banks and the safe locked up tight of another one, and we haye paid all our depositors who wished the money and could pay more of them if they wanted it. I thought I would just write you this in a friendly manner. Very respectfully, E. A. MEARS.