17784. Meade County Bank (Sturgis, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 24, 1914
Location
Sturgis, South Dakota (44.410, -103.509)

Metadata

Model
gpt-5-mini
Short Digest
fb8ca34a42e450d9

Response Measures

None

Description

Articles (1914–1915) describe the Meade County Bank as defunct and in receivership under Receiver Chas. (or C.D.) Howe; he is mailing dividends (10% most recently). The bank previously failed about two and a half years before April 1914 (circa 1911), so this is a closed/receivership case rather than a contemporaneous run. Article 5 refers to the institution as 'Meade County State Bank', supporting classification as a state bank. No contemporaneous run or suspension action described in these clippings—only receivership/dividend distributions.

Events (2)
1. April 24, 1914 Other
Newspaper Excerpt
Sturgis, S. D., April 24.-Receiver Howe, of the defunct Meade County bank, has just mailed 10 per cent dividend checks to the depositors. This makes a total of 30 per cent which has been paid since the bank failed two and a half years ago, and the present distribution amounted to $63,000.
Source
newspapers
2. * Receivership
Newspaper Excerpt
Receiver Howe, of the defunct Meade County bank, has just mailed 10 per cent dividend checks to the depositors. This makes a total of 30 per cent which has been paid since the bank failed two and a half years ago, and the present distribution amounted to $68,000.
Source
newspapers

Newspaper Articles (5)
1. April 25, 1914 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, April 25, 1914

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Article Text

STATE NEWS Vermillion-The A. M. Wold Construction Co., of Brookings, was awarded the contract, last night, for the construction of the new chemistry building at the state university. The contract price is $64,000. The construction work will begin shortly. Iroquois - - The local commercial club has taken steps to inaugurate a boys' corn contest, which it is believed will bring good results to the community at large and prove an incentive to greatly improving and enlarging the corn crop of this part of the state. Vermillion-Regents, faculty, alumni and students of the University of South Dakota gathered here to express appreciation of the late Regent of Education Marcus P. Beebe. Dean Perisho presided. Sturgis - Receiver Howe, of the defunct Meade County bank, has just mailed 10 per cent divident checks to the depositors. This makes a total of 30 per cent which has been paid since the bank failed two and a half years ago, and the present distribution amounted to $68,000. It is understood there will be further dividends as fast as the money can be realized on mortgages, and Receiver Howe is confident of the bank eventually paying out nearly in full. Pierre-Attorney General Johnson has voted that county committeeman, in voting upon the election of party county chairman, cast only their individual vote, and do not vote by unit representation. Also, that vacancies for party positions, if occurring before the general election shall be filled by the party state central committee. In the case of county offices, by the party county central committee. Yankton-The state board of control of high school athletics of South Dakota in a decision announced today, suspended the Vermillion high school for one year, made Potts, of the state university, inelegible for official duties for three years, and forfeits the famous football game playeu at Yankton last Thanksgiving to Yankton. Potts' unfair decision and the coaching of his brother on the Vermillion team was the cause of the game ending in a row when the play was stopped.

2. April 30, 1914 The Tabor Independent Tabor, SD
Article from The Tabor Independent, April 30, 1914

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Article Text

MEADE BANK DEPOSITORS GET 10 PER CENT DIVIDEND Sturgis, S. D., April 24.-Receiver Howe, of the defunct Meade County bank, has just mailed 10 per cent diviend checks to the depositors. This makes a total of seo per cent which has been paid since time bank failed two and a half years ago, and the present distribution amounted to $63,000. It is understood there will be further dividends as fast as the money can be realized on mortgages, and Receiver Howe is confident of the bank eventually paying out nearly in full.

3. April 30, 1914 The Citizen-Republican Scotland, Parkston, SD
Article from The Citizen-Republican, April 30, 1914

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Article Text

MEADE BANK DEPOSITORS GET 10 PER CENT DIVIDEND Sturgis, S. D., April 24.-Receiver Howe, of the defunct Meade County bank, has just mailed 10 per cent diviend checks to the depositors. This makes a total of no per cent which has been paid since time bank failed two and a half years ago, and the present distribution amounted to $68,000. It is understood there will be further dividends as fast as the money can be realized on mortgages, and Receiver Howe is confident of the bank eventually paying out nearly in full.

4. November 5, 1914 Pierre Weekly Free Press Pierre, SD
Article from Pierre Weekly Free Press, November 5, 1914

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Article Text

Fred Hepperle, state land commissioner, left Monday for Eureka. Miss Pauline Bow went to Huron Saturday for an over Sunday's visit. F. M. Beacom came up from Huron Sunday, remaining here over Tuesday. Pierre won the foot ball game with Aberdeen Saturday by a score of 44 to 0. Mrs. Ray Hoffman of Blunt, was visiting with Pierre friends Friday and Saturday. L Cooke, the Watertown piano dealer, was in the city Saturday, on business matters. Mrs. Karl Goldsmith was hostess at a Kensington party at her home Friday afternoon. Miss Vernie Battray and Miss Cleda Romine were in the city Saturday from Blunt. Mrs. Emmett Cole, who has been quite ill for some time, is reported as improving nicely. Editor Green of the Okobojo Times was among the out-of-town visitors in Pierre Saturday. Homer McGilvrey was greeting old acquaintances in Pierre Monday, leaving Tuesday for Custer. The state railway commission will hold a hearing at Lemmon Nov. 11, on telephone matters. Chas. Howe, receiver of the defunct Meade County Bank at Sturgis, was a Pierre visitor Saturday. Mrs. H. J. Brown arrived Saturday from Sioux City for a visit in Pierre, the guest of Mrs. J. K. Breeden. Mrs. R. L. Murdy, son and daughter, came in Friday from Aberdeen to spend a few days at the Judge McCoy home. Mr. and Mrs. Henry Karcher arrived home Saturday from Davenport, Iowa, where they spent several days on business. Arthur Christianson, a former pharmacist at the Vilas drug store, came in from Bancroft Saturday on a short visit to friends. Miss Rekka Froien left Friday for her home at Howard, after spending some time with her sisters, Mrs. E. Bergen and Mrs. Sam Harris. Several residents of Hand county, who left a year ago for Montana to engage in the fruit-growing business, are drifting back to South Dakota. A. E. Beaumont departed Saturday for his home at Madison, after a several weeks stay in Pierre at the republican campaign headquarters. Miss Louise Winkler, sister of Paul Winkler, book-keeper at the Thomas grocery, came up from Harrold Saturday for an over Sunday's visit. Miss Winkler returned home Monday. A fine new Presbyterian church has been dedicated in the region west of Tabor, and is entirely free from debt, the members and other persons having contributed the entire cost of the structure. Roland Potts, charged with petit larceny, was given a hearing before Judge Slindee Saturday, and was given a fine of $100 and a sentence of 30 days in the county jail. Sentence was suspended on good behavior. ### ARTICLES OF INCORPORATION Articles of incorporation were filed Saturday for the James River Farm Company, at Aberdeen, with a capital of $100,000. Incorporators, W. P. Swain, J. C. Bassett, A. F. Milligan, all of Aberdeen. The Brookings Commercial club last week made a sociability automobile run to Watertown, stopping at all the towns along the Rock Island and Northwestern railroads, going or returning, and meeting with warm welcomes at each stop made. The Dakota Messenger, the organ of the equal suffrage organization of the state, which has been conducted by Mrs. Ruth B. Hipple in this city for the campaign, carried a farewell notice in the issue of last week, no further publications being made of the paper. A closed season for coyotes, until such time as the jack rabbit pest of South Dakota shall have been eliminated, is proposed by farmers of this vicinity. Coyotes feed on jack rabbits as their choicest morsel, say the farmers, and the good in eradication they are doing is considerable.

5. May 20, 1915 Pierre Weekly Free Press Pierre, SD
Article from Pierre Weekly Free Press, May 20, 1915

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Article Text

Gov. Byrne went to Onida Saturda on a short business visit. M. W. Henney of DeSmet, was Capital City visitor Saturday. John Fitzgerald was in from Moen ville Tuesday visiting with friends. Miss Beatrice Selsor left Sunday fo a visit with friends at Osceola, Iowa. G. M. Hogan came up from High more Tuesday on a short business visi S.H. Putnam was up from Cannin Tuesday transacting business mat ters. A. D. Joyce arrived Tuesday from New Underwood on a short busines trip. Mr. and Mrs. Clay Oliver of Rapi City, passed the fore part of the wee in Pierre. Mrs. Chas, Knight closed a visi here Saturday, departing for Califor nia points. Attorney A. K. Gardner of Huror was in the city Tuesday attending som court cases. G. A. Brown and J. M. Morris o Huron, were among the Capital Cit visitors Tuesday. Gov. Byrne left this morning fo Rapid City to attend the encampmer of the state G. A. R. Mrs. Thos. Lytle left Tuesday for visit with her daughter, Mrs. Mauric Hastings, at Sioux Falls. Dr. Shove, sister of Mrs. J. E. Ma lery, arrived Saturday from Chicag for a visit at the Mallery home. A. D. Hengel is spending the wee in Deadwood, where he is serving as juror in the United States court The town of Harrold is rejoicing o account of A new well. The resident had given up hope of securing a wel Mr. and Mrs. W. E. Benedict cam down from Belle Fourche Monday o a combined business and pleasur trip. Mrs. Marian White and daughte: Miss Dorothea, arrived today fro Chicago, for an extended visit wit friends here. Mr. and Mrs. E. M. Adams of Bell Fourche, spent Sunday in this city, er route to Mitchell, to attend the Oc Fellows convention. The weather has been exceptiona ly fine, and the best for crops. Every thing that has been put into th ground has done first rate. Miss Alberta Hall of Harrold, wh has been a guest at the E. M. Quir home, was given a surprise party at th Quinn home Monday evening. Chas. D. Howe, receiver of th Meade County State Bank at Sturgi was in the city yesterday on busine in connection with that institution. Mesdames A. B. Nelson, W. S. Du ley, D. W. March and W. A. Drebir left vesterday morning for Rapid Ci to attend the W. R. C. convention. Mrs. Jennie Smith of Chester, Nov Scotia, arrived Friday for a visit wit the Riggs family. Mrs. Smith is sister of the late Mrs. T. F. Riggs. A band of roving gypsies passe through the city last week. The made their usual stop of course an their 'usual' rounds telling fortune Articles of incorporation have bee filed for the Hartford Grain Co