20326. Ethan State Bank (Ethan, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 26, 1923
Location
Ethan, South Dakota (43.548, -97.988)

Metadata

Model
gpt-5-mini
Short Digest
40ed63ec

Response Measures

None

Description

Article (The Mellette County Pioneer, 1923-10-26) states the Ethan State Bank 'was closed by order of John Hirning, superintendent of banks.' Closure attributed to depleted reserve from inability to collect farm loans. No run or reopening mentioned; classified as suspension by government action resulting in closure.

Events (1)

1. October 26, 1923 Suspension
Cause
Government Action
Cause Details
Closed by order of the state superintendent of banks because of a depleted reserve from inability to collect farm loans
Newspaper Excerpt
Ethan.-The Ethan State bank was closed by order of John Hirning, superintendent of banks. A depleted reserve, caused by inability to make collections on farm loans, is given by the state banking department as the cause
Source
newspapers

Newspaper Articles (2)

Article from The Mellette County Pioneer, October 26, 1923

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Article Text

Kansas City, on their recent bid. This bid is $38,000 less than the estimate made by the bridge engineer to the state legislature when he estimated it would cost $400,000. The contract is $80,000 less than the appropriation made by the legislature. Work will be started this fall. Hot Springs-Information received here and in the Rosebud country leads people to believe that the Chicago & Northwestern railway company is planning extending its line from Winner, in the Rosebud country, westward through the Pine Ridge Indian reservation. Madison.-In railroad circles it is expected the freight run on the Bristol line will be divided, one freight crew running between Madison and Bryant and the other between Bryant and Bristol. This will put another crew in the service. Newell-There is much good corn in the country this year, but the 80acre field of Edwin Lyman, near Vale, is thought to have produced the record yield for this section. The yield of the entire field is estimated at 125 bushels per acre. White River.-After a search extending over one month, Rudy Humphrey, 15-year-old son of Bert Humphrey, a farmer living near White River, has been located at Interior, in the heart of the bad lands of western South Dakota. Ethan.-The Ethan State bank was closed by order of John Hirning, superintendent of banks. A depleted reserve, caused by inability to make collections on farm loans, is given by the state banking department as the cause, Clark.-A jury in the circuit court here returned a verdict of not guilty in the case of the state against L. A. Pope, formerly connected with the now defunct Garden City State bank, who was charged with embezzlement. JO Mickre, O Langford, has announced his candidacy for congress from the second district. He announces his platform as one of efficiency and economy and a square deal for the producer. Aberdeen.-A Claremont man isn't worrying about the wheat prices as long as he is able to grow melons. He grew four acres of watermelons and muskmelons, the sales from which exceeded $2,000 this season. Pierre.-The immigration department has just issued a little booklet of facts and figures in regard to what South Dakota has been doing and what are the opportunities in South Dakota. Sioux Falls.-Articles of incorporation have been filed at Pierre for the Standard Spring company, to manufacture automobile springs, at Sioux Falls, with a capital of $50,000. Farmer,-At a special meeting of the local board of education it was decided by unanimous vote to build a shop for use in connection with the SmithHughes agricultural work. Vermillion.-Dr. Carl H. Viers, mayor of Vermillion and prominent Mason, was stricken partially blind while driving his automobile on a. country road near here. Mobridge.-A special rate of a fare and a half for round trip has been granted by the Milwaukee railway for the Northern Corn Show at Mobridge, October 26-27. Pierre.-The republican state committee of Kentucky has asked Gov. McMaster to visit that state and make three eampaign talks previous to the state election. Geddes.-A movement is on foot here to reorganize the Geddes Farmers and Business men's league along lines followed by many other towns in the state. Ashton.-Chicken "rustlers" have become very active in the farming district near here and are making frequent raids on the hen houses of farmers. Deadwood.-Deadwood is now getting its fine drinking and other water fom two new tanks on McGovern hill, just completed. Woonsocket.-Celestine Baughman, 15. son of John Baughman, Woonthe se dead is socket


Article from The Miller Press, November 1, 1923

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Article Text

VLIO AA is fall. gs.-Information received n the Rosebud country to believe that the Chi thwestern railway nning extending its line , in the Rosebud country rough the Pine Ridge In tion. In railroad circles it freight run on the Bris be divided, one freigh g between Madison the other between Bryan This will put another service. here is much good ry this year, but the Edwin Lyman, near Vale have produced the recore is section. The yield ield is estimated at acre. er.-After a search one month, Rudy Hum ear-old son of Ber farmer living near White been located at Interior of the bad lands of west akota. e Ethan State bank rder of John Hirning nt of banks. A depleted sed by inability to make on farm loans, is giver , banking department jury in the circuit cour d a verdict of not guilty of the state against L. rly connected with the Garden City State bank arged with embezzlement -Jacob O. Wickre, as announced his candi ngress from the second announces his platforn ficiency and economy 1 for the producer. -A Claremont man isn' out the wheat prices. is able to grow melons ur acres of watermelons lons, the sales from which 000 this season. he immigration depart st issued a little bookle figures in regard to wha a has been doing e opportunities in South s.-Articles of incorpora en filed at Pierre for ring company, to mobile springs, at Siou capital of $50,000. t a special meeting of f education it was decide us vote to build a sho onnection with the Smith cultural work. -Dr. Carl H. Viers ermillion and prominen stricken partially blin g his automobile on I near here. -A special rate of a far for round trip has beer the Milwaukee railwa