Rugby State Bank - Rugby, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 24, 1911
Location: Rugby, North Dakota (48.369, -99.996)

Metadata

Model: gpt-5-mini
Short Digest: 8adecd88

Response Measures

None

Description

The article (Bismarck Daily Tribune, 1911-08-24) refers to the Rugby State Bank as a bank which failed and discusses a judgment against a surety company for state deposits in the failed bank. No run is mentioned; the bank appears to have already failed and be in receivership/closure. Date of failure is not given in the excerpt; the article date is used as the reference.

Events (1)

1. August 24, 1911 Suspension

Cause Details: Article does not state a cause for the bank's failure; only references a judgment against the surety for deposits in the failed bank.
Newspaper Excerpt: a draft for $4,424.21, being the amount of a judgment against that company as surety for state money deposited in the Rugby State bank which failed.
Source: newspapers

Newspaper Articles (1)

1. August 24, 1911 Bismarck Daily Tribune Bismarck, ND

Article from Bismarck Daily Tribune, August 24, 1911

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Article Text

ON THE CAPITOL RUN News Notes and Gossip Gathered Around the State House curing views. He got good pictures The Hennepin Bridge Co., a corpoof the Red river valley ox and cart of Minneapolis, Minn., has and many Indian specimens. Mr. OIissued a license to do business son says there is a greatly increased North Dakota by Secretary of State demand for souvenir cards from peoCapital stock, $100,000. L. ple who come in to register for the Johnson is the president and F. land drawing. Thompson, secretary The company Attorney General Miller has gone to anufactures bridges and structural Fargo and Lisbon to look after the work collection of a claim of $1,300 due the state from the receiver of the defunct Articles of incorporation have been Butzville bank. It is the amount of with the secretary of state for a deposit of state money which was Congregational Church society of in the bank when it failed. The DaBurleigh county, N. D. The inkota Trust company of Fargo is surety rporators are Alex Coder and Bert for the bank and it is understood the Canfield and H. E. Bowen of money is now available from the bank D. N. assets, the state being a preferred creditor under a law in force at that The North Dakota exhibit shown at time. The North Dakota law, until Chicago world's fair and the Portrepealed last winter, provided that exposition is being placed in the the state, county, township, school exposition building to be shown corporations and municipalities were he industrial show next month. preferred creditors when their money exhibit is most complete, but it was deposited in a bank. The Buttzbe greatly augmented. It will ville bank failed a year ago and the set up in the exposition building settlement has been hanging fire ever same as it appeared in Chicago since. A suit is pending against the Portland. Many people in the Dakota Trust company as surety for have never had the pleasure of the bank deposit, but it has not yet ewing this exhibit, and their opporbeen tried. It will be put on hearing will now be given them. if settlement is not made. Dad Streeter of the Linton Record Attorney General Miller yesterday application to his friend, Bert received from the Federal Union hurston, chief clerk in the state land Surety Co. of Indianaapolis, Ind., a for a cob pipe. The Emmons draft for $4,424.21, being the amount statesman says he wants a of a judgment against that company with a bowl that will hold more as surety for state money deposited bacco than a cigarette paper. Editor in the Rugby State bank which failed hurston selected a dozen fine speciThe draft was turned over to State of the Missouri meerschaum vaTreasurer Olson. The Federal Surety and sent them down to Linton company is the one debarred from mail. doing business in North Dakota by Insurance Commissioner Taylor on adFred Olson, who has won fame and vice from the federal government at as a postcard maker in the Washington. It seems from the above Berthold Indian reservation, transaction that the company is payat the state house yesterday seing the claims against it.