20315. Dakota State Bank (Eagle Butte, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 21, 1913
Location
Eagle Butte, South Dakota (45.002, -101.233)

Metadata

Model
gpt-5-mini
Short Digest
0ea051d2

Response Measures

None

Description

Multiple articles report the Dakota State Bank at Eagle Butte suspended (reported Aug 21–22, 1913) and turned over to the state banking department; an examiner/receiver (C. L. Pine) was appointed Aug 31, 1913. Articles cite crop failures and settlers leaving the area making collections impossible, implying a local economic shock rather than a rumor or single depositor run. No article describes a depositor run or reopening.

Events (2)

1. August 21, 1913 Suspension
Cause
Local Shock
Cause Details
Crop failures over the past two years and settlers leaving the region made collections impossible; institution suspended with about $22,000 deposits and $28,000 loans (assets believed sufficient).
Newspaper Excerpt
examiner in charge of the Dakota State bank at Eagle Butte, which suspended operations August 21.
Source
newspapers
2. August 31, 1913 Receivership
Newspaper Excerpt
C. L. Pine of Mobridge has been appointed by the public examiner's department as examiner in charge of the Dakota State bank at Eagle Butte, recently suspended, the appointment taking effect August 31st.
Source
newspapers

Newspaper Articles (8)

Article from The Lemmon Herald, August 29, 1913

Click image to open full size in new tab

Article Text

Eagle Butte Bank Closes its Doors A berdeen, Aug. 22 Word was received here today that the Dakota State Bank of Eagle Butte was suspended with about $22,000 deposits and $28,000 loans. It is generally believed that the institution will pay out dollar for dollar.


Article from Pierre Weekly Free Press, September 11, 1913

Click image to open full size in new tab

Article Text

DAKOTA STATE NEWS SCOTLAND-A committee appointed by the synod of the Reformed Church of the Northwest, which embraces South Dakota, Wisconsin, Minnesota and other states, to select the location for a new academy which the church will establish and conduct, has selected Scotland. Some months ago the Scotland people presented to the church a vacant academy building conditional on Scotland being selected as the place for the new academy. The report of the committee now will go before the synod for approval by that body, when arrangements will at once be made for opening the academy. WESSINGTON SPRINGS Recent developments indicate that prospects are bright for the extension of the Great Northern railroad from Huron, to Chamberlain. The proposed extension will pass through Wessington Springs, Alpena and Gann valley Gann Valley is the county seat of Buffalo county, which has thus far been entirely without railroad communication of any sort, there not being a mile of railroad in the county. PIERRE-Deputy Bank Examiner J. F. McEwen has returned from Eagle Butte, where he went to look after the affairs of the Dakota State bank, which was turned over to the banking department for settlement of its affairs. Mr. McEwen say there are plenty of assets, but on account of the crop failures of the past two years, and settlers leaving that part of the country, collections are impossible. YANKTON-Prof. Martin E. Rich, member of the faculty of the University of Kansas, was married here Thursday to Miss Hazel H. MacGregor, daughter of Alexander MacGregor, of Yankton, and a graduate of Yankton college. The bride has been instructor in mathematics at the Kansas institution for two years past. President Warren, of Yankton college, officiated at the wedding. PIERRE-Hog cholera in the southern and eastern portions of the state is becoming a matter of concern to the members of the state live stock board, the indications being for a heavy loss from that cause. While there have been occasional cases of this disease in the state at various times, there has been no general epidemic for a number of years. WHITEWOOD-Work on the new water supply for Whitewood will commence this week under Contractor Meade, of Chadron, Neb., who will have 100 men at work. The water is to be taken from the Shannon ranch near here and run into a reservoir and will provide ample water for the needs of the town and the Northwestern railroad, as this is a junction for two lines. BELLE FOURCHE - The Junior Commercial club of Belle Fourche is now busy with the directing of the 2,000 feet of motion pictures being taken of Belle Fourche, the irrigating project. and industrial and farm scenes. Every detail of the advertising end of this city and the surrounding country is in the hands of the Junior club. ABERDEEN-Secretary H. O. Cooley of the Aberdeen Commercial club has nearly completed his list of things "made in Aberdeen" that will be exhibited in the Aberdeen booth at the South Dakota state fair at Huron next week. There will be over 30 different articles manufactured in Aberdeen on exhibition. CANTON-The National Indian Insane hospital "Hiawatha," located just out of Canton. is doubling its present capacity by the erection of a new build. ing. Work has commenced on the new structure south of the main building, which is to be of brick, 110x54 feet in size, two stories high with a basement attic. and HOWARD-The sum of $35 was stolen from the safe in the Wheeler hotel one morning this week. It is supposed that some one who was familiar with things around the office took the money. It is thought that the safe was unlocked with the keys of one of the clerks, which were left on the desk. PIFRRE-O. K. Stablein, the new state insurance commissioner, yesterday assumed the duties of that department. O. S. Basford, the retiring commissioner, will take a position with the Interstate Surety company at Redfield. Fred Muelle, the chief clerk of the insurance department, will remain. a PEEVER- Wm. Westenfield, farmer living near here, was stricken with heart failure while working on a stack of grain. He fell from the stack and was dead when he touched the ground. He was 60 years of age and is survived by a widow and four children. JACKSON-Jacob Aus, a banker of Rutland, S. D., had two ribs broken in an auto collision near Madison In turning a corner, his car collided with a heavier machine. The banker's car was overturnd and demolished and Mr. DI Aus was pinned under the wreck. HURON-The Chicago & Northwestern Railway company have placed C an order for 90 passenger coaches to handle the crowd coming and going from the state fair this year. Last in year 70 coaches were used and the demand far exceeded the supply. DEADWOOD-William Yeager, formerly of Sioux City, was arraigned yesterday in the circuit court and given until today to plead to the charge of murder in killing J. W. Ross at Lead 0 on August 19. Yeager's trial was set a e by Judge Hughes for Thursday. a HURON-The state game warden has 2.000 secured


Article from The Citizen-Republican, September 11, 1913

Click image to open full size in new tab

Article Text

DAKOTA STATE NEWS SCOTLAND-A committee appointed by the synod of the Reformed Church of the Northwest, which embraces South Dakota, Wisconsin, Minnesota and other states, to select the location for a new academy which the church will establish and conduct, has selected Scotland. Some months ago the Scotland people presented to the church a vacant academy building conditional on Scotland being selected as the place for the new academy. The report of the committee now will go before the synod for approval by that body, when arrangements will at once be made for opening the academy. WESSINGTON SPRINGS - Recent developments indicate that prospects are bright for the extension of the Great Northern railroad from Huron to Chamberlain. The proposed extension will pass through Wessington Springs, Alpena and Gann valley. Gann Valley is the county seat of Buffalo county, which has thus far been entirely without railroad communication of any sort, there not being a mile of railroad in the county. PIERRE-Deputy Bank Examiner J. F. McEwen has returned from Eagle Butte, where he went to look after the affairs of the Dakota State bank, which was turned over to the banking department for settlement of its affairs. Mr. McEwen say there are plenty of assets, but on account of the crop failures of the past two years, and settlers leaving that part of the country, collections are impossible. YANKTON-Prof. Martin E. Rich, member of the faculty of the University of Kansas, was married here Thursday to Miss Hazel H. MacGregor, daughter of Alexander MacGregor, of Yankton, and a graduate of Yankton college. The bride has been instructor in mathematics at the Kansas institution for two years past. President Warren, of Yankton college, officiated at the wedding. PIERRE-Hog cholera in the southern and eastern portions of the state is becoming a matter of concern to the members of the state live stock board, the indications being for a heavy loss from that cause. While there have been occasional cases of this disease in the state at various times. there has been no general epidemic for a number of years. WHITEWOOD-Work on the new water supply for Whitewood will commence this week under Contractor Meade, of Chadron, Neb., who will have 100 men at work. The water is to be taken from the Shannon ranch near here and run into a reservoir and will provide ample water for the needs of the town and the Northwestern railroad, as this is a junction for two lines. BELLE FOURCHE - The Junior Commercial club of Belle Fourche is now busy with the directing of the 2,000 feet of motion pictures being taken of Belle Fourche, the irrigating project. and industrial and farm scenes. Every detail of the advertising end of this city and the surrounding country is in the hands of the Junior club. Colley O H of the Aberdeen Commercial club has nearly completed his list of things "made in Aberdeen" that will be exhibited in the Aberdeen booth at the South Dakota state fair at Huron next week. There will be over 30 different articles manufactured in Aberdeen on exhibition. CANTON-The National Indian Insane hospital "Hiawatha," located just out of Canton, is doubling its present capacity by the erection of a new building. Work has commenced on the new structure south of the main building. which is to be of brick, 110x54 feet in size, two stories high with a basement and attic. HOWARD-The sum of $35 was stolen from the safe in the Wheeler hotel one morning this week. It is supposed that


Article from The Tabor Independent, September 11, 1913

Click image to open full size in new tab

Article Text

# DAKOTA STATE NEWS SCOTLAND-A committee appointed by the synod of the Reformed Church of the Northwest, which embraces South Dakota, Wisconsin, Minnesota and other states, to select the location for a new academy which the church will establish and conduct, has selected Scotland. Some months ago the Scotland people presented to the church a vacant academy building conditional on Scotland being selected as the place for the new academy. The report of the committee now will go before the synod for approval by that body, when arrangements will at once be made for opening the academy. WESSINGTON SPRINGS - Recent developments indicate that prospects are bright for the extension of the Great Northern railroad from Huron to Chamberlain. The proposed extension will pass through Wessington Springs, Alpena and Gann valley. Gann Valley is the county seat of Buffalo county, which has thus far been entirely without railroad communication of any sort, there not being a mile of railroad in the county. PIERRE-Deputy Bank Examiner J. F. McEwen has returned from Eagle Butte, where he went to look after the affairs of the Dakota State bank, which was turned over to the banking department for settlement of its affairs. Mr. McEwen say there are plenty of assets, but on account of the crop failures of the past two years, and settlers leaving that part of the country, collections are impossible. YANKTON-Prof. Martin E. Rich, member of the faculty of the University of Kansas, was married here Thursday to Miss Hazel H. MacGregor, daughter of Alexander MacGregor, of Yankton, and a graduate of Yankton college. The bride has been instructor in mathematics at the Kansas institution for two years past. President Warren, of Yankton college, officiated at the wedding. PIERRE-Hog cholera in the southern and eastern portions of the state is becoming a matter of concern to the members of the state live stock board, the indications being for a heavy loss from that cause. While there have been occasional cases of this disease in the state at various times, there has been no general epidemic for a number of years. WHITEWOOD-Work on the new water supply for Whitewood will commence this week under Contractor Meade, of Chadron, Neb., who will have 100 men at work. The water is to be taken from the Shannon ranch near here and run into a reservoir and will provide ample water for the needs of the town and the Northwestern railroad, as this is a junction for two lines. BELLE FOURCHE - The Junior Commercial club of Belle Fourche is now busy with the directing of the 2,000 feet of motion pictures being taken of Belle Fourche, the irrigating project, and industrial and farm scenes. Every detail of the advertising end of this city and the surrounding country is In the hands of the Junior club. ABERDEEN-Secretary H. O. Cooley of the Aberdeen Commercial club has nearly completed his list of things "made in Aberdeen" that will be exhibited in the Aberdeen booth at the South Dakota state fair at Huron next week. There will be over 30 different articles manufactured in Aberdeen on exhibition. CANTON-The National Indian Insane hospital "Hiawatha," located just out of Canton, is doubling its present capacity by the erection of a new building. Work has commenced on the new structure south of the main building, which is to be of brick, 110x54 feet in size, two stories high with a basement and attic. HOWARD-The sum of $35 was stolen from the safe in the Wheeler hotel one morning this week. It is supposed that some one who was familiar with things around the office took the money. It is thought that the safe was unlocked with the keys of one of the clerks, which were left on the desk. PIFRRE-O. K. Stablein, the new state insurance commissioner, yesterday assumed the duties of that department. O. S. Basford, the retiring commissioner, will take a position with the Interstate Surety company at Redfield. Fred Muelle, the chief. clerk of the insurance department, will remain. PEEVER-Wm. Westenfield, a farmer living near here, was stricken with heart failure while working on a stack of grain. He fell from the stack and was dead when he touched the ground. He was 60 years of age and is survived by a widow and four children. JACKSON-Jacob Aus, a banker, of Rutland, S. D., had two ribs broken in an auto collision near Madison. In turning a corner, his car collided with a heavier machine. The banker's car was overturnd and demolished and Mr. Aus was pinned under the wreck. HURON-The Chicago & Northwestern Railway company have placed an order for 90 passenger coaches to handle the crowd coming and going from the state fair this year. Last year 70 coaches were used and the demand far exceeded the supply. DEADWOOD-William Yeager, formerly of Sioux City, was arraigned yesterday in the circuit court and given until today to plead to the charge of murder in killing J. W. Ross at Lead on August 19. Yeager's trial was set by Judge Hughes for Thursday. HURON-The state game warden has secured nearly 2,000 pair of ring necked pheasants which will arrive at Huron next week during the state. These birds will be on exhibition during the fair and then given away to residents of the state for the purpose of propagation. BELLE FOURCHE - An automobile driyen by Ruppert Moore, of Lead, and occupied by six persons, tipped over while passing along a road near Belle Fourche, and some of the occupants of the car were bruised and scratched, but no serious injuries resulted. SIOUX FALLS-Thursday was the hottest day of the year, or for several years, in this city. The thermometer registered 102. A breeze tempered the atmosphere and many did not realize it was so hot. Rain is needed for the pastures. MARTIN-Sheriff Boesl went to Rose-bud and brought back Alex. Mousseau, jr.,


Article from The Mobridge News, September 12, 1913

Click image to open full size in new tab

Article Text

Mobribge Man Appointed Receiver. C. L. Pine of Mobridge has been appointed by the public examiner's department as examiner in charge of the affairs of the Dakota State bank at Eagle Butte, recently suspended, the appointment taking effect August 31st.


Article from The Herald-Advance, September 19, 1913

Click image to open full size in new tab

Article Text

Examiner Appointed. Pierre-The state banking department has selected C. L. Pine, of Mobridge, as examiner in charge of the Dakota State bank at Eagle Butte, which suspended operations August 21. The examiner takes charge for the settlement of the affairs of the institution.


Article from Forest City Press, September 19, 1913

Click image to open full size in new tab

Article Text

DAKOTA STATE NEWS SCOTLAND-A committee appointed of by the synod of the Reformed Church the Northwest, which embraces South Dakota, Wisconsin, Minnesota for and other states, to select the location a new academy which the church will establish and conduct, has selected Scotland. Some months ago the Scotland people presented to the church vacant academy building a conditional on Scotland being selected as the place for the the new academy. The report of committee now will go before the synod for approval by that body, when arrangements will at once be made for opening the academy WESSINGTON SPRINGS Recent are developments indicate that prospects bright for the extension of the Great Northern railroad from Huron to Chamberlain. The proposed extension will pass through Wessington Gann Springs, Alpena and Gann valley. Valley is the county seat of Buffalo county, which has thus far been entirely without railroad communication of any sort, there not being a mile of railroad in the county. PIERRE-Deputy Bank Examiner J. F. McEwen has returned from Eagle Butte, where he went to look after the affairs of the Dakota State bank, which was turned over to the banking department for settlement of its affairs. Mr. McEwen say there are plenty the JO account uo and assets, 10 failures of the past two years, and crop settlers leaving that part of the country, collections are impossible. YANKTON-Prof. Martin E. Rich, member of the faculty of the University of Kansas, was married here Thursday to Miss Hazel H. MacGregor, daughter of Alexander MacGregor, of Yankton, and a graduate of Yankton college. The bride has been instructor in mathematics at the Kansas institution for two years past. President War-ren, of Yankton college, officiated at Meddlem the PIERRE-HOg cholera in the southern and eastern portions of the state is becoming a matter of concern the members of the state live stock to board, the indications being for a heavy loss from that cause. While there have been occasional cases of this disease in the state at various times, there has been no general epidemic for a number of years. -BM Mou the uo ter supply for Whitewood will commence this week under Contractor Meade, Chadron, Neb., who will have 100 men at of work. The water is to be taken from the Shannon ranch near here and run into a reservoir and will provide ample water for the needs of the town and the North. western railroad, as this is a junction for two lines. BELLE FOURCHE - The Junior Commercial club of Belle Fourche is now busy with the directing of. the 2,000 feet of motion pictures being taken of Belle Fourche, the irrigating project, and industrial and farm scenes. Every detail of the advertising end of this city and the surrounding country is in the hands of the Junior club. O. Cooley club has nearly completed his list of things "made in Aberdeen" that will be hibited in the Aberdeen booth at ex. South Dakota state fair at Huron the week. There will be over 30 next different articles exhibition. manufactured in Aberdeen on CANTON-The National Indian Insane hospital "Hiawatha," located just out of Canton, is doubling its present capacity by the erection of a new build. ing. Work has commenced on the structure south of the main building, new which is to be of brick, 110x54 feet size, two stories high with a basement in and attic. HOWARD-The sum of $35 was stolen from the safe in the Wheeler hotel morning this week. It is supposed one that some one who was familiar with things is around the office took the money. thought that the safe was unlocked It with the keys of one of the clerks, which were left on the desk. PIFRRE-O. K. Stablein, the state insurance commissioner, yester- new day assumed the duties of that department. O. S. Basford, the retiring commissioner, will take a position with the Interstate Surety at Redfield. Fred Muelle, the company chief clerk remain. of the insurance department, will PEEVER Wm. Westenfield, with farmer living near here, was a stricken heart failure while working a stack of grain. He fell from on the the stack and was dead when he touched ground. He was 60 years of and is children. survived by a widow and age four JACKSON-Jacob Aus, a banker, of in Rutland, S D., had two ribs broken an auto collision near Madison turning a corner, his car collided In with a heavier machine. The banker's was overturnd and demolished and Mr. car Aus was pinned under the wreck. HURON-The Chicago & Northan western Railway company have placed order for 90 passenger coaches from handle the crowd coming and to going the state fair this year. Last year 70 coaches were used and the demand far exceeded the supply. DEADWOOD-William Yeager, formerly of Sioux City, was arraigned terday in the circuit court and yes- given until today to plead to the charge murder in killing J. W. Ross at Lead of on August 19. Yeager's trial was set by Judge Hughes for Thursday.


Article from The Mobridge News, January 16, 1914

Click image to open full size in new tab

Article Text

C. L. Pine's Administration Of The Bank's Affairs Satisfactory. C, L. Pine, examiner-in-charge of the Dakota State bank since that institution suspended, was here last Friday and Saturday checking out to his successor, Wm. Jans. During his connection with the Dakota State bank Mr. Pine's friendly consideration for patrons of the bank who were injured by the failure and for the community generally won for him the esteem of everybody and his departure will be noted with keen regret. He will continue in charge of some business for the State Banking Department until next spring when he expects to take a needed vacation before taking up work eisewhere.-Eagle Butte News.