Rolette County Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 9, 1919
Location: Rolla, North Dakota (48.858, -99.618)

Metadata

Model: gpt-5-mini
Short Digest: 25f56e85

Response Measures

None

Description

Article (Grand Forks Herald, 1919-07-09) refers to the Rolette County Bank as 'defunct' and 'closed' and reports state action against President Clifford for false reports; indicates the bank was in very bad condition and unlikely to pay depositors more than 50%. No run is described — this is a closure following bank-specific adverse information.

Events (1)

1. July 9, 1919 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank alleged to have been in very bad condition; president charged with making false reports to the state examiner (fraud/misreporting).
Newspaper Excerpt: L. P. McAneney...is in Rollette today testifying on behalf of the state in its action against President Clifford of the defunct Rolette county bank. Clifford is charged with making false reports to the state examiner. ... this bank, alleged to have been in very bad condition, was closed. It is said to be doubtful, under present crop conditions, whether the bank will pay depositors more than 50 per cent.
Source: newspapers

Newspaper Articles (1)

1. July 9, 1919 Grand Forks Herald Grand Forks, ND

Article from Grand Forks Herald, July 9, 1919

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Article Text

ABOUT THE CAPITOL Bismarck, N. D., July 9.-All registered warrants for the payment of wolf bounties carried over from 1917, when the old wolf bounty was abolished, have now been taken up by State Auditor Kositzky under a special act of the last assembly. More than $21,000 has been paid on these two-yearold claims. James A. Brown, chairman of the state board of control, is home from Rolla, whither he went to spend the Fourth with his family, and where he remained over Sunday to attend the funeral of Ruth Stahl, one of the victims of the Fourth of July aeroplane accident at Minot, and who was a grand-niece of Mrs. Brown. Gottlieb Roth of Odessa, a caller at the capitol today, declares that crops of every description are practically wiped out in Grant county. The loss of pasture presents the greatest difficulty and farmers and ranchers are having a hard time to find forage for their cattle. 1 Miss Elsie Stark, for the last two years in charge of home demonstration work for eight counties west of the Missouri, with headquarters at Mandan, has succeeded Miss Florence Pool as demonstration agent for Burleigh county. Miss Pool has returned to her home in Montana. L. P. McAneney, deputy director of credits with the Bank of North Dakota, is in Rollette today testifying on behalf of the state in its action against President Clifford of the defunct Rolette county bank. Clifford is charged with making false reports to the state examiner. McAneney was deputy state examiner for the Devils Lake district when this bank, alleged to have been in very bad condition, was closed. It a is said to be doubtful, under present crop conditions, whether the bank will pay depositors more than 50 per cent. Rev. Father John Halloran, a Bismarck native son who went to France as chaplain with the Sandstorm divie sion, and who was later transferred to base hospital No. 60, in command of Lieut. Col. N. P. Quain of Bismarck, is home after a year's service overseas. The unit to which Lieut. Hallod ran was assigned was composed S largely of Bismarck Red Cross nurses d and of North Dakota physicians and surgeons, and while attached to the hospital the Bismarck cleric had the pleasure of meeting many old-time capital city friends. After a brief visit f with his mother. Mrs. Mary A. Halloran, and his brothers here, Father Halloran will go to Powers Lake, in