20372. Minnekahta State Bank (Hot Springs, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1893
Location
Hot Springs, South Dakota (43.432, -103.474)

Metadata

Model
gpt-5-mini
Short Digest
26046d56

Response Measures

None

Description

Newspapers (Dec 1893) report the Minnekahta State Bank closed its doors and a receiver was appointed. There is no mention of a depositor run; closure appears driven by business difficulties and court action. Some OCR in later notices shows year '1898' but context and earlier reports place events in December 1893; receiver notice dated Dec 21 (year likely 1893) is used.

Events (2)

1. December 1, 1893 Suspension
Cause Details
Closed by bank president due to business difficulties and claims against the institution; no explicit run described.
Newspaper Excerpt
The Minnekahta State Bank, at Hot Springs, closed its doors the first of the week
Source
newspapers
2. December 21, 1893 Receivership
Newspaper Excerpt
Notice to creditors... In the matter of the Receivership for the Minnekahta State Bank of Hot Springs, South Dakota... JOHN L. BURKE, Receiver.
Source
newspapers

Newspaper Articles (6)

Article from Custer Weekly Chronicle, December 9, 1893

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Article Text

Hot Springs Without a Bank. The Minnekahta State Bank, at Hot Springs, closed its doors the first of the week, and the town and county is which it is located, are now without a banking institution. It was feared at the time of the failure of the First National some months ago, that the Minnekahta would break also, but it managed to weather that portion of the financial disturbance and has continued to do business until a few days ago. States Attorney Kellar, acting for the county, recently asked that the circuit court appoint a receiver for the institution, and a similar request was also made by a private claimant, and these and other business difficulties made it necessary for President Englesby to close the doors of the bank. He says that aside from the public money, there is not more than $1,500 in deposits and that the assets are sufficient to meet all claims.


Article from River Falls Journal, December 14, 1893

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Article Text

WEST AND SOUTH. AT Portland, Ore., Mrs. George H. Williams, a religious enthusiast, finished a forty-day fast and resumed eating. IN the Michigan peninsula 8,000 persons were said to be in need of assist. ance. A BILL providing for the issue of currency notes by state banks was passed by the Georgia house. IN Cincinnati a den where counterfeit nickels, dimes, quarters and halves were being made was discovered and the counterfeiters arrested. THE Minnekahta state bank at Hot Springs, S. D., closed its doors. IN the cellar of his employer's store at Omaha Martin Anderson murdered an unidentified woman and then kille 1 himself. THE Journeyman Barbers' National union at its meeting in Cincinnati decided to favor Sunday closing of shops everywhere. JOSEPH B. DOE, of Wisconsin, has been nominated to be assistant secretary of war. A RECEIVER was named for the Chicago trust and savings bank. THE oldest lady in New Orleans (Mrs. Lydia Rezau) died at her home, aged nearly 102 years. She witnessed Washington's funeral. FIRE destroyed the Southern female university at Birmingham, Ala., and Minnie Dean was fataily burned and several other girls were seriously injured. IN the navy yards at Norfolk, Va., fire did damage of nearly $300,000. It originated in cotton waste. FIRE destroyed the stables and barns of the Consolidated Street Traction Railway company in Dallas, Tex., to gether with thirty cars and sixty mules. SOME 700 families applied to the township authorities at Springfield, 0., for aid. Ar the Michigan City (Ind.) penitentiary 100 cases of grip were reported. A MOB beat to death Bob Greenwood, a negro, in Cross county, Ark., because his family offended the wife of a white neighbor named Wilson. THE value of all the exhibits at the world's fair was estimated at $14,000,000, and the customs duties unid to the United States government amount to $484,170


Article from Burlington Weekly Free Press, December 21, 1893

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Article Text

VERMONT INVESTMENT COMPANY To be Put Into a Receiver's Hands-President and Treasurer Disagree. News comes from South Dakota that the Minnekahta State bank, controlled and managed by the Vermont Investment company, is in the hands of a receiver. L. F. Englesby of this city, at present located at Hot Springs, in that State. who is president of the investment company, is also presi lent of the bank. It is understood, too, that Mr. Englesby will. if he has not already, apply to the court to have a receiver put in charge of the business of the Vermont Investment company, the home office of which is at Hot Springs. He informed the directors a few weeks since that he thought the tangled-up affairs of the company could be liquidated more expeditiously and more profitably in the courts and at a subsequent meeting. by a unanimous vote, they authorized him to ask for the appointment of a receiver, which, it is supposed, will be done. Then the company's affairs will be wound up as soon as possible. Since the bad condition of the company became public and Mr. Engleshy went West to personally take charge of the collections, the path which he has trodden has been so uupleasant that be will probably prefer to have a third party appointed receiver to answer the appeals of the creditors hereafter. Mr. Engleshy dispensed with the services of George A. Eastman, treasurer of the company, whose mismanagement of loans it is rumored wrecked the company sometime ago. This provoked Mr. Eastman and he now comes forward with a claim against the company for $6000, when in fact Mr. Englesby says that instead of the company's owing him any such sum he is indebted to the company. Mr. Englesby, it is reported, will come East this week, though whether he will stay here or return after a few months to assist in the closing up of the company's business is not known. In its present unhealthy state, with a quarrel among its officers, the outlook for the stock and security holders of the company would seem to be not SQ bright. Tabley's "Bread Winner" outwears.all other


Article from Hot Springs Weekly Star, December 22, 1893

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Article Text

N OTICE TO CREDITORS. State of South Dakota. Seventh Judicial Circuit. In circuit court, in and for Fall River county. In the matter of the Receivership for the Minnekahta State Bank of Hot Springs, South Dakota Notice is hereby given to all persons who may have claims against the Minnekahta State Bank, of Hot Springs, South Dakota, that the same must be presented to the undersigned, the Receiver, at Hot Springs, South Dakota, together with legal proof thereof, within 60 days from date hereof, or said claims may de disallowed. Dated at Hot Springs, S. D., December 21, 1898. JOHN L. BURKE, Receiver. 40 First publication Dec. 22.


Article from Vermont Phœnix, December 22, 1893

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Article Text

The Minnekahta state bank of Hot Springs, So. Dak., controlled and managed by the Vermont Investment company, is in the hands of a receiver. It is understood that a receiver will be asked for the Vermont Investment company itself. L. F. Englesby of Burlington is president of both institutions.


Article from Hot Springs Weekly Star, January 5, 1894

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Article Text

OTICE TO CREDITORS. N State of South Dakota. Seventh Indicial Circuit. In circuit court, in and for Fall River county. In the matter or the Receivership for the Minnekahia State Bank of Hot Springs, Sou h Dakota Notice is hereby given to all persons who may have claims against the Minnekahta State Bank. of Hot Springs, South Dakota, that the Fame must be presented to the undersigned, the Receiver. at Hot Springs, South Dakota, together with legal proof thereof, within 60 days from date hereof, or Gaid claims may de disallowed. Dated at Hot Springs, S. D. December 21, 1898. JOHN L. BURKE, Receiver. First publication Dec. 22. 40