20348. Gettysburg State Bank (Gettysburg, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 13, 1895
Location
Gettysburg, South Dakota (45.012, -99.956)

Metadata

Model
gpt-5-mini
Short Digest
ca25ece2

Response Measures

None

Description

Articles (Aug–Dec 1895 through Jan 1896) refer repeatedly to a receiver (B. R./Ben P. Hoover) for the Gettysburg State Bank after the Taylor defalcation. No articles describe a depositor run; the bank is in receivership and pursuing litigation to recover land. Classified as suspension followed by closure/receivership (suspension_closure).

Events (2)

1. August 13, 1895 Receivership
Newspaper Excerpt
B. R. Hoover, receiver of the Gettysburg State bank ... Ben P. Hoover, receiver of the Gettysburg state bank, which cut so great a figure in the Taylor investigation and trial ... he stated the bank would ... institute proceedings to recover ... land to the value of about $40,000. (Aug–Dec 1895 reports).
Source
newspapers
2. August 13, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Related to the Taylor defalcation and settlements; bank placed in receivership after losses tied to W. W. Taylor's actions.
Newspaper Excerpt
There will be a meeting here of R. W. Bourne, receiver of the First National Bank of Redfield, accompanied by his attorney... B. R. Hoover, receiver of the Gettysburg State bank...
Source
newspapers

Newspaper Articles (10)

Article from Reporter and Farmer, August 15, 1895

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Article Text

Pierre, S. D., Aug. 13.-There will be a meeting here of R. W. Bourne, receiver of the First National Bank of Redfield, accompanied by his attorney, Judge Crofoot of Aberdeen; Vice President Fitch, of the Northwestern Mortgage and Trust company; B. R. Hoover, receiver of the Gettysburg State bank, and W. W. Taylor. The obJect of the meeting is to straighten out titles to several tracts of land which it is intended to transfer to South Dakota on Taylor's settlements. The tracts in question are among those transferred to Charles S. Wells in trust by Taylor as president of the Northwestern Loan and Trust company. The Gettysburg bank had assigned a mortgage to the Redfield bank for security on notes, and the Redfield bank transferred It to the Mortgage Trust company, thus bringing it into the present settlement. The object of meeting is to get a straight title to the state.


Article from The Princeton Union, August 15, 1895

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Article Text

LESS EASY FOR TAYLOR. Indications That the Defaulter Will Receive a Long Term Sentence. Huron, S. D., Aug. 13.-Ex-Treasurer Taylor was in consultation here to-day with Attorney Stewart, Charles T. McCoy and H. F. Hunter. It is apparent that Judge Gaffy's action in asking Judge Campbell to sit with him when Taylor pleads guilty is a surprise to them and indicates that Taylor will receive a long term sentence. Pierre, S. D., Aug. 13.-There will be a meeting here of R. W. Bourne. receiver of the First National Bank of Redfield. accompanied by his attorney, Judge Crofoot of Aberdeen; Vice President Fitch, of the Northwestern Mortgage and Trust company; B. R. Hoover, receiver of the Gettysburg State bank, and W. W. Taylor. The object of the meeting is to straighten out titles to several tracts of land which it is intended to transfer to South Dakota on Taylor's settlements. The tracts in question are among those transferred to Charles S. Wells in trust by Taylor as president of the Northwestern Loan and Trust company. The Gettysburg bank had assigned a mortgage to the Redfield bank for security on notes, and the Redfield bank transferred it to the Mortgage Trust company. thus bringing it into the present settlement. The object of meeting is to get a straight title to the state.


Article from The Madison Daily Leader, August 15, 1895

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Article Text

THE CITY. LOCAL BREVITIES. B. E. Beers returned to Easton, Minn. I. D. Smith was a passenger for Iowa points. Miss Laura Fuller went to Vilas on the evening train. John Miller went to Flandreau on a visit to old acquaintances. S. E. Baldwin always keeps a good supply of Dwight's flour in stock. The town has been billed to day for Lemen's circus which shows here September 3. Weather report: Fair, followed by increasing cloudiness to-night and Friday Warmer to-night and Friday; southerly winds. New wheat begins to move. One car load came east to-day from Artesian, two carloads from Howard and six were sent out from Flandreau. Arrivals at the Lake Park are: Court Boyd, Huron; L. P. Comstock and D. Webster, Aberdeen; John Stewart, Minneapolis; W. H. Tarbox, La Crosse. In the advertised letter list last evening, the name of J. E. Tanner appeared when it should have been J. E. Tamer. There are several letters in the postoffice for the gentleman which will be sent to the dead letter office unless called for within the regulation time. Rev. W. J. Cleveland received a telegram last evening announcing the death of Willis Leiby who, it will be remembered, spent some time with his wife in the family of Mr. Cleveland last spring. He died at Hamberg, Pa., among friends, and was the victim of consumption. Iver Hyland of the north east part of county who returned from the asylum at Yankton some two months ago IS again partially violent and in charge of Sheriff Fox. Judge Williamson to-day notified the asylum authorities of his condition and he will probably soon be cared for. Mitchell Republican, 12: "Miss Marion L. Krom has just finished a course of study at the Cook County Normal school, Chicago. She is now visiting with friends at Perrysburg, Ohio." Miss Krom was a graduate of the Madison Normal school, class of '93. Train Dispatcher H. R. Wood and as sistant, J. E. Hickey, have control of the wires at the depot to day and John Moore started for LaCrosse. Mr. Wood says there will soon be a change in time table and an abandonment of mixed trains, which will be very agreeable to the traveling public. Langdon, N. D., dispatch, 14: A. H. Garfield' the Aberdeen, S. D., music dealer who eloped with 16-year-old Bessie Moore, of that city, arrived on the 6 o'clock train last night and at once hired a livery rig aud started for Manitou, Manitoba, about 35 miles ditant, on the Northern Pacific railroad. Garfield had shaved off bis beard and appeared fearful of arrest. Six local wheel sprinters took a spurt to Wentworth and back-a distance of 16 miles round trip-last evening. Martin Johnson was handicapped 8 minutes as against Harry Hunt and SIX minutes as against the others-Wm. Rae, Ivan Hubbell, Bert Holdridge and Frank Smith. The riding was fast and furious, Rae coming in ahead in 56:57, with the others close behind, except Smith who "bust" his wheel in a rut two or three miles from Wentworth. Johnson, however, made best time, 55:35. Some of the boys were pretty badly spavined and ringboned when they returned and have needed considerable rubbing down to keep them limber since. Pierre dispatch, 14: The receivers of the First National Bank of Redfield, and of the Gettysburg State Bank, accompanied by their attorneys, Vice President Fitch, of the Northwestern Mortgage Trust Co., and W. W. Taylor, have been attempting for several days to come to somr kind of an agreement in regard to some of the lands turned in by Taplor in settlement with the state. They failed to accomplish the purpose for which they came here. Just what they expected to do they do not divulge. but it eus. pected that they were attempting to get some of the property losse thatit might be used as proceeds of the Redfield bank. The attorney general, evidently 'could not see any object to be attained by the state in releasing an attachment, neither did the receiver of the Gettysburg bank care to let go his hold on the property in his possession, and what on the surface


Article from The Dakota Chief, August 22, 1895

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Article Text

The State Refuses to Let Go. The receivers of the First National'Bank of Redfield and the Gettysburg State Bank, accompanied by their attorneys, Vice President Fitch of the Northwestern Mortgage and Trust Company, and W. W. Taylor, have been attempting for several pays to come to some kind of an agreement in regard to some of the lands turned in by Taylor in settlement with the state. They are not giving out much, but it is known they did not accomplish their purpose. Just what they expected to do they do not divulge, but it is suspected that they were attempting to get some of the property loose that it might be used as proceeds of the Redfield Bank. To do this they would first have to secure a release of the attachment the state has filed on the property in question, and to have the receiver of the Gettysburg Bank dismissed, or have him agree to voluntarily turn over to the Redfield Bank the securities he holds as receiver of the Gettysburg Bank. The Attorney General evidently could not see any object to be attained by the state releasing an attachment which made the state perfectly safe, and neither did the receiver of the Gettysburg Bank care to let go his hold on the property in his possession, and what at least on the surface looks like a plan to get some of the property now held by the state for the creditors of the Redfield Bank failed to go through and the state yet holds last all it has secured.


Article from The Madison Daily Leader, December 31, 1895

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Article Text

SUIT TO RECOVER LAND. The Taylor Matter Bids Fair to Bother South Dakota For All Time. SIOUX FALLS, S. D., Dec. 40. -Ben P. Hoever, receiver of the Gettysburg state bank, which cut so great a figure in the Taylor investigation and trial, spent the day in this city. He stated the bank would at he next term of court institute proceedings to recover from the state and from Illinois parties, land to the value of about $40,000. It will be remembered that Taylor claimed to have lost some $70,000 in the Gettysburg deal three months before his flight, and that the state has levied on the property belonging to the bank.


Article from The Sauk Centre Herald, January 2, 1896

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Article Text

SUIT TO RECOVER LAND. The Taylor Matter Bids Fair to Bother South Dakota For All Time. SIOUX FALLS, S. D., Jan. 1.-Ben P. Hoever, receiver of the Gettysburg state bank, which cut SO great a figure in the Taylor investigation and trial, spent the day in this city. He stated the bank would at he next term of court institute proceedings to recover from the state and from Illinois parties, land to the value of about $40,000. It will be remembered that Taylor claimed to have lost some $70,000 in the Gettysburg deal three months before his flight, and that the state has levied on the property belonging to the bank.


Article from The Sauk Centre Herald, January 2, 1896

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Article Text

SUIT TO RECOVER LAND. The Taylor Matter Bids Fair to Bother South Dakota For All Time. SIOUX FALLS, S. D., Jan. 1.-Ben P. Hoever, receiver of the Gettysburg state bank, which cut SO great a figure in the Taylor investigation and trial, spent the day in this city. He stated the bank would at he next term of court institute proceedings to recover from the state and from Illinois parties, land to the value of about $40,000. It will be remembered that Taylor claimed to have lost some $70,000 in the Gettysburg deal three months before his flight, and that the state has levied on the property belonging to the bank.


Article from Little Falls Weekly Transcript, January 3, 1896

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Article Text

SUIT TO RECOVER LAND. The Taylor Matter Bids Fair to Bother South Dakota For All Time, SIOUX FALLS, S. D., Dec. 31.-Ben P. Hoever, receiver of the Gettysburg state bank, which cut so great a figure in the Taylor investigation and trial, spent the day in this city. He stated the bank would at he next term of court institute proceedings to recever from the state and from Illinois parties, land to the value of about $40,000. It will be remembered that Taylor claimed to have lost some $70,000 in the Gettysburg deal three months before his flight, and that the state has levied on the property belonging to the bank.


Article from The Madison Daily Leader, January 4, 1896

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Article Text

Pierre Free Press, 2: Ben Hoover, receiver of the Gettysburg bank, which was included in the mix up when Taylor defaulted, is going to commence suit to recover possession of the Leppleman ranch situated at the mouth of Atichoke creek in Potter county, which Taylor sold, and turned the proceeds over to the state. Ben is becoming altogether too ambitious.


Article from The Dakota Chief, January 9, 1896

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Article Text

# Sequel to Taylor Case. Ben P. Hoover, receiver of the Gettysburg State Bank, which cut so great a figure in the Taylor investigation and trial while at Sioux Falls a day or two ago stated the bank would at the next term of court institute proceedings to recover from the state and from Illinois parties land to the value of about $40,000.