12646. First National Bank (Wahpeton, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2624
Charter Number
2624
Start Date
March 26, 1886
Location
Wahpeton, North Dakota (46.265, -96.606)

Metadata

Model
gpt-5-mini
Short Digest
bc723627

Response Measures

None

Receivership Details

Depositor recovery rate
47.0%
Date receivership started
1886-04-08
Date receivership terminated
1890-03-20
OCC cause of failure
Excessive lending
Share of assets assessed as good
15.5%
Share of assets assessed as doubtful
50.6%
Share of assets assessed as worthless
33.9%

Description

The First National Bank of Wahpeton suspended/closed March 26–27, 1886 and a receiver was appointed (John D. Benton / Dr. Bent) in mid-April. Causes cited in the articles are heavy advances/loans to the Wahpeton Mill & Elevator Company and alleged embezzlement by cashier Hayward. There is mention of depositor demands and some temporary cashing of checks, but no clear, sustained run described in the sources; the bank ultimately remained closed and a receiver was appointed.

Events (5)

1. February 2, 1882 Chartered
Source
historical_nic
2. March 26, 1886 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy advances/loans to the Wahpeton Mill and Elevator Company and related insolvency; alleged embezzlement by cashier Hayward; inability to meet demands led to closing on March 26-27, 1886.
Newspaper Excerpt
The First National Bank at Wahpeton closed its doors today.
Source
newspapers
3. March 27, 1886 Other
Newspaper Excerpt
There have been rumors for several days that the bank was in trouble...the cashier, Mr. Hayward, declared his inability to pay the demands that were being made. In the evening a meeting was held by a number of the depositors and a statement made which was generally satisfactory.
Source
newspapers
4. April 8, 1886 Receivership
Source
historical_nic
5. April 15, 1886 Receivership
Newspaper Excerpt
Dr. Bent is appointed receiver for the First National Bank of Wahpeton, Dak.; John D. Benton, receiver of the First National bank of Wahpeton, has completed a list of the liabilities... .
Source
newspapers

Newspaper Articles (19)

Article from Evening Star, March 27, 1886

Click image to open full size in new tab

Article Text

A Dakota Bank in Trouble. THE WAHPETON FIRST NATIONAL IN DANGER OF GOING TO THE WALL. CHICAGO, March 27.-A special dispatch from Wahpeton, Dak., regarding the closing of the First National bank of that place, says: "There have been rumors for several days that the bank was in trouble. It has been making heavy advances to the Wahpeton Mill and Elevator company. Business at the bank continued as usual until yesterday, when the cashier, Mr. Hayward, declared his inability to pay the demands that were being made. In the evening a meeting was held by a number of the depositors and a statement made which was generally satisfactory. It showed deposits of $58,000, discounts $104,000, rediscounts $22,000. Resolutions were passed and promises made to sustain the bank, which were carried out to-day, when a considerable amount was advanced by business men, and all checks presented were cashed. There is no panic, although confidence is somewhat shaken. The bank has attached all the property of the Wahpeton Mill and Elevator company to secure its claim of $35,000. Dunn & Thompson, wheat dealers of Duluth, have a claim of $13,000, which is yet unsettled. If the bank fails it may carry down several other concerns. A number of St. Louis parties are interested in the bank."


Article from St. Paul Daily Globe, March 27, 1886

Click image to open full size in new tab

Article Text

A Bank suspends. WAHPETON, Dak., March 26.-The First National Bank at Wahpeton closed its doors today. The exact cause of the suspension and the assets and liabilit es are not yet definitely known.


Article from The Worthington Advance, April 1, 1886

Click image to open full size in new tab

Article Text

NORTHWESTERN NEWS. The First National Bank of Wapheton closed its doors on March 27th. The difficulty is said to have resulted from advances made the Wahpeton Mill and Elevator company. On the morning of the 27th cashier Hayward declined to accept deposits which were offered, saying the bank could not meet its obligations. He says that in time all creditors and depositors can be paid. but to do SO they will have to realize on all their securities and assess the stockholders $20,000 besides. Dunham & Johnson, of Minneapolis, have had Hayward arrested for failing to remit a $500 collection he had made. As the result of the bank failure,Keller & Goodhue,general store closed and the Wapheton Mill and Elevator property being attached also suspended business. Among the confirmations by the Senate on the 25th were the following: Registers of Land Offices-George W. Warter, Tracy, Minn.: William Smith, Crookston, Minn.: Ralph N. Marble, Duluth, Minu. Receivers of Public Moneys-August Peterson, Worthington, Minn: Philip K. Wiser, Tracy, Minn. Surveyor generai of Nebraska and Iowa, Jonathan F. Gardner. Agent for the Indians of the Omaha and Winnebago agencies, Charles H. Potter. Postmasters -R. C. West, Terry, Iowa; William T. Smith, Oscaloosa, Iowa: James F. Vogt, Lemars, Iowa; S. W. Hobbs, Storm Lake, Iowa; David W. Bossert, Jefferson, Iowa; A. K. Weber, Albia, Iowa. The Grand Army of Dakota held its annual meeting at Watertown on the 24th and 25th. A resolution was adapted asking the legislature to make an appropriation for a soldier's home. The following committee was appointed to look after the matter: First district, S. M. Booth; second, D. M. Gross Yankton; third, C. T. Cement, Fargo; Fourth, B. F. Campbell, Sioux Falls; fifth, A. C. Mellette, Watertown; sixth, W. E. Bentley, Bismarck. Committee at large on home: J. E. Bennett, chairman; B. F. Payne, Gen. J. B. Dennis. Jamestown was selected as the place for the next annual meeting, but another meeting will be held at Mitchell in June when the soldiers and sailor's reunion occurs. At 4 o'clock on the morning of March 28th, fire was discovered in the Northern Pacific railroad shops at Brainerd, Minn. The shops are very large and in two sections, one section being wooden and erected by Jay Cooke when the road first began and the other brick and stone erected by Villard at a cost of a million dollars. The latter were the buildings chiefly used and they were unharmed. The frame buildings were destroyed. The loss is about $100,000 and covered by insurance. No men are thrown out of work by the fire. The Bank of North Minneapolis closed its doors on the 26th. It was organized about four years ago under the Statelaw and was owned at the time of the failure by Wm. Farnsworth and Jacob Rauen. The capital stock was $50,000 and the failure was due to Farnsworth's speculations in wheat. Depositors are not likely to receive much. Jacob Hoffman, owner of the flouring mill at Elba, Winona county, Minn., was drowned with his son, aged 18 years. on March 27th. The wheel of the mill became clogged and they went down into the pit to repair the difficulty, when the gate opened and the water rushed in and drowned them. George Pownall a teamster at South Stillwater was found in a dying condition in his barn on the morning of March 28th from a shot in his head. He died a few hours later. The murder theory is raised but the indications point to suicide. Miss Clara A. Root, a teacher in the public schools at Valley City, D. T., committed suicide on the 26th, by taking carbolic acid. She was sister of Herbert Root, President of the Farmer's Merchants National bank at that place. The court martial to try Capt. Garvey will convene of St. Paul April 6. Lieut. Hinton. Eighteenth infantry, and Sergeant Casey, Company I, of that regiment, have been ordered to St. Paul from Fort Gibson as witnesses. The daily Argus at Fargo, D. T., burned out at 5 A. M., on the 26th. But very little was saved from the building. The loss was $40,000 and insurance $8,000. The paper continued without missing a publication. The gross receipts of the marshal's office in Minnesota for ten years have been $86,000, and net earnings $45,000. The district attorney's office has earned in the past ten years $40,000 gross or $36,000 net. The flood at Elk Point D. T., had not abated on the 24th many miles of farms and homes are under water and the damage cannot be estimated until the waters recede, but it will be large and serious. The largest part of the business houses in Glendive, Mont., were destroyed by fire on the 24th of March. The loss was $35,000 and insurance about $10,000. The fire was incendiary. The bill to permit the First National bank of Shakopee, Minn., to increase its capital


Article from River Falls Journal, April 1, 1886

Click image to open full size in new tab

Article Text

Registers of Land Offices-George W. Warter, Tracy, Minn: William Smith, Crookston, Minn.: Ralph N. Marble, Duluth, Minn. Receivers of Public Moneys-August Peterson, Worthington, Minn : Philip K. Wiser, Tracy, Minn. Surveyor generai of Nebraska and Iowa, Jonathan F. Garduer. Agent for the Indians of the Omaha and Winnebago agencies, Charles H. Potter. Postmasters -R C. West, Terry, Iowa: William T. Smith, Oscaloosa, Iowa: James F. Vogt, Lemars. lowa: S. W. Hobbs, Storm Lake, Iowa: David W. Bossert, Jefferson, lowa; A. K. Weber, Albia, Iowa. Commissioner Sparks has decided to reverse his ruling, by which he had refused to order surveys until settlements are made. Surveyor General Taylor of Dakota visited Sparks and added arguments to show the ill effects of the decision upon unsurveyed sections, where settlers are desiring to obtain homes and make their homestead entries and the impossibility ofmaking settlements without surveys. The result was that the commissioner decided to reverse his rulings, and permit the surveys to go forward whenever there is information from reliable sources that there is sufflcient demand by actual settlers to warrant the survey. He authorized Surveyor General Taylor to make a survey of some thirtytwo townships in Western Dakota, which hehad applied for the right to make some months ago, but had been refused under former rulings. The Grand Army of Dakota held its annual meeting at Watertown on the 24th and 25th. A resolution was adapted asking the legislature to make an appropria tion for a soldier's home. The following committee was appointed to look after the matter: First district, S. M. Booth: second. D. M. Gross Yankton: third. C. T. Cement, Fargo: Fourth, B F. Campbell. Sioux Falls: fifth, A. C. Mellette, Water town: sixth, W. E. Bentley, Bismarek Committee at large on home: J. E. Bennett, chairman; B F. Payne, Gen. J. B. Dennis. Jamestown was selected as the place for the next annual meeting. but another meeting will be held at Mitchell in June when the soldiers and sailor's reunion occurs. The Bank of North Minneapolis closed its doors on the 26th. It was organized about four years ago under the Statelaw and was owned at the time of the failure by Wm Farnsworth and Jacob Rauen. The capital stock was $50.000 and the failure was due to Farnsworth's speculations in wheat. Depositors are not likely to receive much. Jacob Hoffman, owner of the flouring mill at Elba, Winona county, Minn., was drowned with his son, aged 18 years. on March 27th. The wheel of the mill became clogg and they went down into the pit to repair the difficulty, when the gate opened and the water rushed in and drowned them. George Pownall a teamster at South Stillwater was found in a dying condition in his barn on the morning of March 28th from a shot in his bead. He died a few hours later. The murder theory is raised but the indications point to suicide. Miss Clara A. Root, a teacher in the public schools at Valley City, D. T., committed suicide on the 26th, by taking carbolic acid. She was sister of Herbert Root, President of the Farmer's Merchants National bank at that place. The daily Argus at Fargo, D. T., burned out at 5 A. M., on the 96:h. But very little was saved from the building. Theloss was $40,000 and insurance $8.000 The paper continued without missing a publication. The largest part of the business houses in Glendive, Mont., were destroyed by fire on the 24th of March. The loss was $35,000 and insurance about $10,000. The tire was incendiary. John Nelson, the Vice President of the First National bank at Whapeton, D. T., had a general store which he has turned over to his creditors owing tothe failure of the bank. At o'clock on the morning of March 28th, fire was discovered in the Northern Pacific railroad shops at Brainerd, Minn The shops are verv large and in two seo-


Article from News and Citizen, April 1, 1886

Click image to open full size in new tab

Article Text

NOTES. Pasteur's hydrophobic Russians are recovering. Asst. Treasurer Capt. Nutt, who was shot by Dukes, in Pennsylvania, has been found $42,000 short in his accounts. The First National bank of Wah peton, Dak., has closed its doors. All the street cars in Pittsburg, Pa., have struck. Snow storms and floods are reported from Dakota. The bank of Minneapolis has just closed its doors. It is said the failure was caused by losses made by officers of the bank, who speculated in wheat. Sir Henry Taylor, the English dramatist, is dead at the age of 86. W. O. Cushman, of Passumpsic, and E. B. Chalmers, of Newbury, are among the newly elected members of the editorial board of the Dartmouth. Stephen Neal, whose mind originated and whose hands penned the fourteenth amendment, is living at Lebanon, Ind. Secretary Lamar is the only member of the Cabinet who is not keeping house. He has a suite of six rooms upon the sixth floor of the Portland Flats. The Portland Flats building has the general appearance of a large ship, and Mr. Lamar lives in the bow of the ship. It is a remarkable fact that in less than one year, 1843-4, Maine had six different governors, which number has probably never been equalled in any State of the Union within a similar period of time, as follows: Governor Fairfield for the year 1843, resigned; Governor Kavanaugh, President of the Senate, 1843, died, succeeded by Governor Parris, President of the Senate, 1843 ; Governor Dunn, speaker of the House, 1843, suspended by Governor Dana, president of the Senute, 1844; Governor Anderson, elected for the year 1844.


Article from Devils Lake Inter-Ocean, April 3, 1886

Click image to open full size in new tab

Article Text

THREE BANKS FAIL. Wahpeton, Minneapolis and Cooperstown-Wheat Deals. The total suspension of the First National bank of Wahpeton, Dak., occurred Saturday. To pay the depositors in full an assessment of $20,000 will have to be levied on the stockholders. Cashier Hayward was arrested at the instance of Dunham & Johnson on a claim of $500 for unremitted collections, embezzelment being charged. Keller & Goodhue, general merchants were unable to meet the demands made unon them by the bank and their store was closed. The Mill and Elevator company has stopped operations. F. C. Geddings, the general manager, has been arrested on a charge of embezzlement, preferred by Dunn & Thompson, of Duluth. WAHPETON, Dak., March 26.-John Nelson, dealer in general merchandise, failed here today. No statement of assets and liabilities has yet been obtained. He did a large business. CLOSED ITS DOORS. Hope Pioneer. News reached Hope on Wednesday that the Bank of Cooperstown closed its doors Tuesday morning. The suspension was caused by the failure of the Lenham Elevator company. The bank was owned by Julius Stevens, a partner of Anton Enger, the county treasurer of Griggs, and H. G. Pickett. The deposits amounted to about $15,000, one-half of which was county and school funds. The capital of the bank was $10,000. It is claimed the Lenham Elevator company owe the bank $10,000, and if, as IS expected, the company is able to meet its liabilities, the bank will be able to resume. Mr. J. L. Wilcox, proprietor of the Hope house, had several hundred dollars in the bank. MORE WEHAT DEALS. MINNEAPOLIS, March 26.-The Bank of North Minneapolis failed this morning. It was a private institution, with William Farnsworth and Jacob Rouen as equal partners. It did a good business and the deposits amounted to $57,000. Two weeks ago it is alleged, Mr. Farnsworth went into a $200,000 wheat dealwheat went down and he put up $2000 daily till $21,000 had been sunk. All the money was extracted from the bank without the knowledge, it is so alleged, of Jacob Rouen. It developed that the bank had only $7,500 capital, to begin with. It had a large line of depositors.


Article from The Wahpeton Times, April 8, 1886

Click image to open full size in new tab

Article Text

The Bank Matter. There was a typographical error in last week's report, representing that the county treasurer, had he put in the last $5,000 would have then had in the bank $43,000. It should have been $33,000. He now has $28,000 there. We were mistaken about the ownership of the mill and elevator last week. Col. W. H. Hayward says to us that he owns both the mill and elevator, but has no stock in the Mill & Elevator Co. The bank owns its building and grounds on which it stands. The inspector arrived last Thursday and we understand has about completed his part of the work. The next thing in order will be the appointment of a receiver, which is expected every day. He will then advertise for 90 days for claimants to put in their claims. After this an announcement will be made as to what he can pay, on the dollar. No one seems to know any more about the condition of affairs now than at the beginning. The inspector is not allowed to say anything definitely. It is very absurd for any man to go about the streets or any where else and pick out this or that citizen or institution in the city, and say that these broke down the First National bank. This is folly. The bank broke itself and recklessly violated the national banking law to do it. Had the bank observed the law it would probably be doing a good business to-day. Another thing, we think that the 1 fact that the bank had no good standing in financial circles, will go far in the work of Wahpeton's regaining public confidence. Men understanding the sitnation realize that in the main Wahpeton's credit is all right. And these newspapers blowing about "Wahpeton's first set back," may as well contain their souls in pcace. Wahpeton has experienced no set back, but will go right on conquering the world.


Article from The Sun, April 8, 1886

Click image to open full size in new tab

Article Text

marriage with Nicolini. a vast ing Belgium destroy Strikers property, in and choas reigns. amount Chamberlain of and Trevelyan resign from German Gladstone's cabinet Henrich Julien Schmint, dead. the historical writer, Kossuth is eighty four years spirit the into recent old, Although it is said that carnival he entered festivities with at Na Prince ly ples. On all important the public Order occasions of Christ, recent in say Bismarck bestowed wears upon him by the pope. Chicago The Pinkerton spotted detectives the man ho murdered they Express hav Messenger Nichols. contest in PhiladelIn the type-set of ting Cincinnat took second first Duguide New York his phia prize, and McCann all of previous ds. three net Duguide composition exceeded being 6,635 ems in Bank Dak., hours. The failure of the First sioned National embarass at Wapheton, to several business houses and theater ment Barney McAuley York, the died at actor St. Vincent treat manager in where New he has been the under kidneys is hospital, ment for Bright's disease of Ind., Kuklux, Sam Archer the hanged Shoals, July 9. Mrs. sentenced Schnoor to be hangs herself at Oshkosh, as carryi Wis. Mrs. Potter Palmer is wealthing noted theshape jewels upon her than person any other more lady in Chicago. Wis. Demo E. C. B. Mead, arrested of for the criminally Waterloo libeling Mr crat, Blake of Marshall. int paid the C. The Northern Pacific depositor recentl at St. Paul fees Second .000 the United States National bank the survey land upon over Kiddet the counties of Barnes, Dak. The fees and Burleigh counties. lands in the territory a glass Bellaire, Ohio, will be paid by remaining April 1. works burn with net loss of $36.00 the Pole who brutally was Frank Mulko ledzeick last August Chirecently. murdered hanged Mrs. in the Agnes county jail yard in of cago Ex- Congressman Gibson stricken H Atherton with par Newark. Ohio, has condition been is critical in alysis, and his deficit of $1,700 is found A technical Agent Meacham 110 votes the late Indian received of Congressm Hiscock Washing ton phoVirginia. land. tograph gallery in beauty and cont 98 against for McComa 100 for . of Daniel Mary lv re has favora to general. ported The senate the nomination committee of Gen. Howard Gen will be placed Crook of be It is major believed in Washington in command that of the Dakota. the department department has granted The interi Episcopal church per establish Methodist mission on theCrow 's tree Summer in the crpitol Montana. What is known grounds as Charles isdying and will ha be taken away. Senator to Gov. Perry of Florida seat says does that not make and Jones absence in from constitutional his to sense, make appointment a consequently vacancy he to has fill a no vacancy power which does not exists instrucAdjt. Gen. Drum sent says from that hington no for if United tions have States been troops to Louis aid in and the that tion of property at St on their way to that of any troops are now the natural regiments to city only their way to join recruits on have been assigned. the which they property by The damage done to Charlero Belgiun, striking miner in to S2 500,000. city alone already amounts threatened to destroy with The strikers works have which supply the of troops light. the gas Strong reinforcements help protect the city. have been sent to von der has to sent been the being troops Lieut Gen. Baron Charleroi to take command there to assembled of immense Property around quell of the rioti destroye by the estates an strikersin value has been arleroi. Country Jumeta, being and pillaged and Charleroi burned. the Sadien, three miles from Sonet and Londron Dedortead, Devilles, been looted and deworks have loss of $1 000, 000 of glass stroyed, invo ving of persons out and throwing thousands Roux. two miles from employment confict At between the troops were Charleroi, in of the latter the rioters, twenty are armed with ob and bludgeons shot dead and The axes strikers where they cannot tain fire-arms. stood Steward At Battle Creek, John friends B. when it occur to a group of furnish them talking him that he might at small expense red to innocent amasement He therefore calmly said One suicide? little and trifling inconvenience Boys, would you or two like to of see the Stewand crowd me commit replied in the the affrrmat muzzle ive ol revol ugli i his brain. ard against calmly his temple pressed and sent bullet thro e receivers of the Wabash the United road State pe titioned The Judge Treat, protection of of their prop west district court for in running their trains river. and ertyand assistance side of the Missi ssippi the court on The the petition United was granted, States arshal to furordered the protection. E. ar nish the necessary Jbhn Booge, of C. Gunderson, alias signature to a draft rested for forging effects subsequent found the mails $982 and among over whose $6,000 worth of at checks Sioux ly and were drafts stolen from to ten years in the pen City was sentenced dietments for forgery called itentiary on four ago the New York counter Tribune and is sued now feiter, Five William years Kealing by crazy the latter for $100,000 damages. E. of the conference The Philadelphia the Sunday papers church has boycotted New York there are bulAt the flower show 85,000 in roses, 65, 000 on exhibition 20,000 shrubs. bous plants and the manager of the Mad The residence colliery of in Durham, The work England, alleged was to have enesley wrecked by dynamite. the work of union miners on soldier, strike. Brown, the discharged Queen Charles paper of grievi released as it who threw carriage, has been crank. Victoria's out he is harmless for prison turns A Boston man has gone treatment to of his three years for baby inhuman He beat is cut's with and three-year old rubbed salt into the mouth to then crowded rope's end. a potato into its keep it from crying. Fish, of Little Rock, instruc- Ark. Prof. J. M. printendent public for formerly saperinte has been arrested on tion that place, under false pretenses widow obtaining cetain stationery money supplies. Meagher's Gen. Thomas the Francis Young Ireland society and prc of f has presented Ireland, with to dress her husband sentation Waterford, sword belonging from hydrophobi Jackson, The little girl Mich.. suffering to be sent to Pasteur at at Paris for treatment. Secretary Hamilton home Fish The donated wife of ex $50 to the Confederate at has Charleston, S. C. in Panama over the the 8 and Herald. suspension There in excitement of the American newspaper, disallowed two First items Controller in the accounts of the Star Durham has depart-


Article from The Kimball Graphic, April 9, 1886

Click image to open full size in new tab

Article Text

Chamberlain and Trevelyan resign In Gladstone's cabinet. Henrich Julien Schmint, the Gern historical writer, is dead. Although Kossuth is eighty-four ye it is said that he entered with sp the recent carnival festivities at On all important public occasions Pri Bismarek wears the Order of Christ, rece bestowed upon him by the pope. The Pinkerton detectives in Chicago they have spotted the man who murde Express Messenger Nichols. In the type-setting contest in Phila phia Duguide of Cincinnati took 1 prize, and McCann of New York seco Duguide exceeded all previous records, composition being 6,635 ems in tl hours. The failure of the First National B Wapheton, Dak., occasioned embar to several business houses. Barney McAuley, the actor and the manager in New York, diedat St. Vince hospital, where he has been under tr ment for Bright's disease of the kidneys Sam Archer, the Shoals, Ind., Kuklux sentenced to be hanged July 9. Mrs. Schnoor hangs herself at Oshko Wis. Mrs. Potter Palmer is noted as carry upon her person more wealth in theshap jewels than any other lady in Chicago. C. B. Mead, of the Waterloo, Wis., De: is arrested for criminally libeling N E. Blake of Marshall. The Northern Pacific recently paid i the United States depository at St. P the Second National bank. the survey upon over 1,000, acres surveyed land the counties of Barnes, Stutsman, Kid and Burleigh counties, Dak. Thefees on remaining surveyed lands in the territ will be paid by April 1. Bellaire, Ohio, glass works burn with loss of $36,000. Frank Mulkowski the Pole who brut murdered Mrs. Agnes Kledzeick last Aug hanged in the county jail yard in . recently. Ex-Congressman Gibson H. Athertor Newark, Ohio, has been stricken with E alysis, and his condition is critical. A technical deficit of $1,700 is found the late Indian Agent Meacham's account Congressman Hiscock received 110 vo a beauty contest at a Washington I tograph gallery. against 100 for Danie of M: Virginia, and 98 for McComa and. The senate committee has favorably ported the nomination of Gen. Howard major general. It is believed in Washington that G Crook will be placed in command of department of Dakota. The interior department has granted Methodist Episcopal church permission establish n mission on the Crow reservat Montana. What is known as Charles Summer's the crpitol grounds isdyingand will h be taken away. Gov. Perry of Florida says that Sena Jones' absence from his seat does not m vacancy in 2. constitutional sense, : consequently he has no power to make appointment to fill a vacancy which d exist. Adjt. Gen. Drum says that no instr have been sent from, Washington United States troops to aid in the pro of property at St. Louis, and tha troops are now on their way to t it is only the natural movemen recruits on their way to join regiments which they have been assigned. The damage done to property by striking miners in Charleroi, Belgit alone already amounts to $2,500,0 The strikers have threatened to dest the gas works which supply the city w light. Strong reinforcements of tro have been sent to help protect the c Lieut. Gen. Baron von der Smissen been sent to Charleroi to take comma of the troops being assembled there quell the rioting. Property of imme value has been destroyed by the striker and around Charleroi. Country estates being pillaged and burned. At Jume three miles from Charleroi, the Sadi Dedortead, Devilles, Sonet and Lond glass works have been looted and stroyed, involving a loss of $1,000, and throwing thousands of persons ou employment. At Roux, two miles fr Charleroi, in a conflict between the tro and the rioters, twenty of the latter " shot dead. The strikers are armed w bludgeons and axes where they cannot tain fire-arms. At Battle Creek, John B. Steward st talking to a group of friends when it oce to him that he might furnish the little innocent amusement atsmallexpe and trifling inconvenience. He theref calmly said, "Boys, would you like to commit suicide?" One or two of crowd replied in the affirmative and St ard ealmly pressed the muzzle of a revol against his templeand sent a bullet thro brain.


Article from Reporter and Farmer, April 15, 1886

Click image to open full size in new tab

Article Text

The Canadian inspector of prisons reports 2,705 insane persons in the five public asylums of the dominion. The house has made several changes in the rules for its own government. One of these changes was the repeal of the rule requiring a yea and nay vote to be taken on every general appropriation bill. M. Mullarkey & Co., Montreal boot and shoe manufacturers, has snspended. Liabilities, $100,000; assets nominally the same. Representative Jerry Murphy is very much enraged over the appointment of C. S. Lake to be pension agent in Iowa and Nebraska. He is 80 mad that he has not a proper respect for decency, and insulted a newspaper correspondent who called at his room to inquire about the appointment. The buffet car on the New York limited express train which left Chicago on the Lake Shore & Michigan Southern road caught fire while the train was between Rocky Ridge and Oak Harbor, Ohio, and was entirely destroyed. A very brutal prize fight was fought on an island in the Mississippi two miles north of Dubuque recently. The principals were Dashman of Platteville, Wis., and Fisk of Dubuque. The fight was under the London prize ring rules. Nine fierce rounds were fought. The first three were in favor of Fisk, and in the fourth he was allowed first blood. From that time on Dashman had everything his own way. In the ninth round Dashman's heavy body blows winded Fisk, and the latter was unable to come to time when time was called for the tenth round. Charles Archibald was murdered at Chariton, Iowa and his body horribly mangled. Thomas Kelly and his wife were arrested on suspicion of committing the crime. Gen. Crook brings into Bowie seventysix Apache prisoners who are sent to Florida. The estate of the late Thad Stevens of Pennsylvania has just been settled, and it was found there was not money enough to pay the bequests. Ex-Gov. William A. Newell, of New Jersey, and later of Washington territory, is practicing medicine at Centralia, Wash. Rev. and Mrs. Samuel Howard and Miss Susan H. Heuston of Iowa sailed for Ceylon on the Steamer Umbria. They are missionaries sent out under the auspices of the American board. At Baraboo, Wis., Henry B. Turney, a druggist, committed suicide by hanging in the woodshed Cause, family trouble. He was about forty years old, a prominent Mason and greatly respected. Twelve of the best known citizens of Holyoke, Mass., were arrested and fined for playing poker on Sunday. Richard Arnold, head of the firm ol Arnold, Constable & Co., New York, died recently, after a two weeks' illness. Dr. Bent is appointed receiver for the first National Bank of Wahpeton, Dak. The Glendi (Mont.) skating rink is burned; loss $4,000. Supt. Kiehle figures out 382,771 children of school age in the state. Theodore G. Burchard, the freight engineer injured in the recent accident at Menomonie Junction, died in Eau Claire. He was nephew of Rev. Burchard of "Rum, Romanf ism and Rebellion" fame and was unmarried.


Article from The Warner Sun, April 16, 1886

Click image to open full size in new tab

Article Text

Five men were killed and three wounded in a political riot at Laredo, Texas, which was suppressed by federaltroops. In the New York senate, a bill annulling the charter of the Broadway Surface Railroad of New York city passed by an almost unamious vote, as were also bills requiring the consent of abutting property owners before a street railroad can be laid in any street and a bill providing for the winding up of the Broadway Surface Railroad company and other corporations whose charters shall be revoked. This action grows out of the Broadway railroad scandal. The right of the dominion government to enact laws against Chinese immigration is conceded by the imperial government. The San Francisco collector is to be bounced for insulting the new Chinese embassador. Sir Henry Halford, who conducted at Creedmoor two of the British teams which contested in international matches, is dying in London of Bright's disease of the kidneys. Hon. George Hearst, recently appointed senator for Calilornia, has arrived in Washington. John D. Bent has been appointed receiver of the First National I Bank of Whapeton, Dak. T he president haswithdrawn the nomination of Timothy A. Byrnes to be Indian agent at Yakima, Wash. Gen. Bragg has introduced a bill in the house to pay Capt. James D. Wood. late adjutant general of volunteers, $133.50, being the value of a horse and equipments lost in acti on of the Chancellorville, as found by the court of claims. Secretary Bayard feels very much outraged at the insult offered by the collector of customs at San Francisco to the new Chinese minister. and there is a good deal of feeling in the treasury department on the same subject. The collector violated the positive instructions of the department. Mr. Bayard has demanded the removal of both the collector and surveyor at San Francisco, who are involved in the insult, and their conduct was a subject of discussion at the cabinet meeting. Neither of them has been confirmed, or will be, if the president does not withdraw their nominations. The new Yellowstone syndicate has decided to have its lease made out toCharles Gibbons, and he assumes the responsibility for the performance of the conditions iniposed. The other members remain in the synditate. and the improvements will be made under the same organization. It Was found that the various gentlemen interested had separated so far in their travels that they could not sign the papers. and accordingly the department preferred to deal with Mr. Gibbons alone. Thomas A. Thatcher, professor of Lath and literature in Yale college, was diecovered dead in bed. He was in his seventy. second year. H. B. Turney of Baraboo, Wis., commits suicide.


Article from St. Paul Daily Globe, April 16, 1886

Click image to open full size in new tab

Article Text

Fergus Falls. Special to the Globe. FERGUS FALLS, April 15.-E. J. Evans has been unanimously re-elected as city clerk Mrs. F. D. Everett, wife of the station agent at Vining, died on Friday and the remains were taken to Caledonia L. H. Colby of Barnesville has filed his schedule under the assignment, assets $22,000, liabilities $16,000. The creditors believe that with careful manMrs. agement all debts can be paid in full Jacob Niebels was summoned to Faribault on Friday by the announcement of the death of her mother Ole G. Bakke, who has just returned from Norway, brought back with him two horses Mr. Benton of Fargo, receiver of the First National bank of Wahpeton, was interviewed to-day and says that about 35 cents on the dollar will be realized. It was reported at first that the bank would pay 100 cents on the dollar. The total liabililies are about $135,000. The total assets are about $75,000 Richard Elliott, charged with assault upon John Harper of New York mills, was brought to the city on Monday and lodged in the county jail.


Article from The Wahpeton Times, April 22, 1886

Click image to open full size in new tab

Article Text

The Bank Matter. It is a fact that Col. W. H. Hayward has transfered all his claims to the Wahpeton mill and elevator to the bank folks, presumably for the benefit of the bank's creditors. Col. Thomas of Fargo has been appointed attorney for Col. John D. Benton, receiver of the First Naonal bank of this city, and was at Wahpeton Tuesday advising with the receiver. The colonel says that Mr. Benton is one of the best possible men that could have been appointed. He will go clear to the bottom of everything and make all possible for the bank's creditors, etc. The colonel would express no opinion as to what the bank would pay. Our opinion is, however, that it is not likely to pay much of any thing. That's the way it looks to an outsider at the present time. J. W. Hayward was arrested again yesterday at the instance of J. H. Miller, who it seems owed the bank a note of $300, due the 18th inst, and just prior to the break-up, learning of distress, dropped into the bank saying that although his note was hardly due he would pay it, handing in $350 with the remark that the $50 be placed to his account, and the $300 placed to his credit. Assistant cashier Seager, took the money and making an excuse that he was busy would do as Mr. Miller requested and look the note up after banking hours when he had more time. Shortly after this the institution suspended and Mr. Mi ller soon learned that his note was in St. Paul rediscounted. Hence the arrest. Mr. Hayward waived examination and the bonds were placed at $500, securing John Canham, Agent, St. John and Dr. Geo. M. Hanly, as sureties.


Article from Little Falls Transcript, April 23, 1886

Click image to open full size in new tab

Article Text

Dr. Bent is appointed receiver for the first National Bank of Wahpeton, Dak.


Article from The Kimball Graphic, April 30, 1886

Click image to open full size in new tab

Article Text

Dr. Bent is appointed receiver for the first National Bank of Wahpeton, Dak.


Article from St. Paul Daily Globe, May 10, 1886

Click image to open full size in new tab

Article Text

Wahpeton's Bursted Bank. WAHPETON, Dak., May 8.-John D. Benton, receiver of the First National bank of Wahpeton, has completed a list of the liabilities of the bank, as far as they are yet learned, and also of the assets. The liabilities are $139,908.94. The assets, at their face value, are $187,604.59, and at their estimated value $92,132.39. The asgets include over $60,000 against the Wahpeton Mill and Elevator company.


Article from Jamestown Weekly Alert, May 20, 1886

Click image to open full size in new tab

Article Text

JOHN D. BENTON, receiver of the First National bank of Wahpeton, has completed the list of the liabilities of the bank, as far as they are yet learned, and also of the assets. The liabilities are $139,908.94. The assets, at their face value, are $187,604.59, and at their estimated value, $92,122 49. The assets include over $60,000 against the Wahpeton Mill and Elevator company. Mr. Benton says its a bigger job than he supposed, and will keep him longer than he likes, but then a liberal salary goes on all the time, which is better than some democratic appointments, full of sound and glory signifying nothing.


Article from St. Paul Daily Globe, July 16, 1886

Click image to open full size in new tab

Article Text

The House Will Probably Consider the Northern Pacific Railway Forfeiture Bill To-Day. The Minnesota Delegation in Favor of Substituting the Senate Measure for the One Pending. Dodge County Republican Delegates Favorable to Lovely's Nomination for Congress. The Richland County (Dakota) Treasurer $25,000 Short in His Accounts. Northern Pacific Forfeiture. pecial to the Globe. WASHINGTON, July 15.-Representative Strait says that he expects an effort will be made to-morrow in the house to call up the bill to forfeit the Northern Pacific railway grant. This will undoubtodly be antagonized by other motions, but it seems probable now that the forfeiture people will succeed in calling the bill up for consideration and a very lengthy and acrimonious discussion may be expected. The Minnesota delegation are unanimously opposed to the committee bill and Messrs. Strait and Gilfillan will in all propability speak against it. It is not possible to predict with accuracy what the [sentence will be, although the Minnesota people think the senate bill will finally be substituted for the house committee bill. While they do not express unqualified approval of the senate measure they are disposed to tavor that as a compromise, although they seem to think that the road should still be allowed to earn the grant along the Cascade branch in view of the almost insurmountable obstacles which it has had to get over in pushing its lines as far as they already have gone. Solid for Lovely. Special to the Globe. KASSON, Minn., July 15.-The Dodge county convention, to elect delegates to the First district congressional convention, was held in Mantorville to-day and was a very tame affair. The following were chosen delegates: R. Crane, Sr., George B. Edgerton, W. B. Parsons, C. L. Chase, E. K. Proper and A. R. Green, solid for Lovely. Resolutions, were passed indorsing the candidacy of Hon. John R. Lovely and instructing the delegation to use all honorable means to secure his nomination. No expression was had as to second choice. A Heavy Shortage. Special to the Globe. WAHPETON, Dak., July 15.-At the semi-annual settlement to-day, the cash of County Treasurer 0. K. Ulsaker was found $25,740 short. This was the money which he had on deposit in the suspended First National bank. His bondsmen are liable to be sued, but they will make good the loss.


Article from Devils Lake Inter-Ocean and Devils Lake Free Press, April 3, 1908

Click image to open full size in new tab

Article Text

ta is to be divided, and that Ziebach is to be the governor of the south half. John speaks very positively on this subject. We trust the John knows what he is talking about. The total suspension of the First National Bank at Wahpeton occurred Saturday. To pay the deposiiors in full an assessment of $20,000.00 will have to be levied upon the stockholders. The bank at Coopersotown closed its doors Tuesday morning. The Bank of North Minneapolis failed the 26th. There seems but little chance of Dakota being admitted as a state at this session of congress. The democrats of the territory to a considerable number have written to the committee on territories, objecting to a division on the 46th parrallel, and asking that the line of the Missouri river be followed instead.