20406. Bank of Madison (Madison, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 11, 1890
Location
Madison, South Dakota (44.006, -97.114)

Metadata

Model
gpt-5-mini
Short Digest
c3346021

Response Measures

None

Description

Multiple contemporary articles report the Bank of South Dakota (Madison, S.D.) assigned to M. W. Daly on Jan 11, 1890 — an assignment indicates the bank failed and an assignee/receiver was named. The provided bank metadata listed Bank of Madison; newspaper sources consistently name it Bank of South Dakota, so I corrected the bank name. No run or reopening is reported.

Events (1)
1. January 11, 1890 Receivership
Newspaper Excerpt
The Bank of South Dakota has assigned to M. W. Daly. The assets are claimed to be $150,000; liabilities unknown. The assignee is engaged in looking over the books, which are in bad shape, ... (Madison, S. D., Jan. 11).
Source
newspapers

Newspaper Articles (12)
1. January 11, 1890 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, January 11, 1890

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Article Text

ABBREVIATED TELEGRAMS. Fire losses at Chicago during 1889 foot up $2,251,471.91, which is $800,000 more than for 1888. Hobbs, Glidden & Co., of Boston, dealert in building materials, have failed with liabilities of $150,000. Rachel Dee, of Danville, Ills., charges her husband, Anderson Dee, with having another wife at Williamsport, Ind. The Bank of South Dakota, at Madison, S. D., assigned Thursday. Assets claimed, $150,000; liabilities. not given. Nelson's jewelry store at Mandan, N. D., was robbed Friday at noon of $600 worth of watches and rings. The proprietor was at dinner. Col. J. G. Stowe, of Kansas City, was attacked by footpads Thursday night, but he used his cane so vigorously that his assailants ran away. A petition has been filed in the Indiana supreme court asking that the case against Chicago dressed beef, recently dismissed, be reinstated on the docket. United States District Judge Foster, at Topeka, Kan., refused to receive the evidence of "spotters" Friday in liquor selling cases unless corroborated by other testimony. The First National bank of Chehalis, Washington, capital $50,000, and the Hazleton, Pennsylvania, National bank, capital $100,000 have been authorized to begin business. In the international chess congress now in progress at Havana, Cuba, a game between Tschigorin, the Russian champion,and Gunsberg required seven hours to finish. Gunsberg won. It is said at New York that a combination of Pennsylvania oil producers is preparing to build a new pipe line between the oil fields and the coast, in opposition to the Standard Oil company. Safe-breakers made a raid on the safe of Selz, Schwab & Co., at 190 Franklin street, Chicago, early Friday morning and got away with about $500 in cash. The work was done by experts. W. H. Bennett, who moved several years ago from Sterling or La Salle, Ills., to Council Bluffs, Ia., is in trouble because he is sweet on a woman other than his wife. In fact, he has fled with the other woman. The "Lucy" furnace at the Carnegie works, Pittsburg, exploded Friday, instantly killing Michael Welsh and seriously burning with molten metal Thomas Welsh, Thomas Summerlee, Henry Skilford, John Quigley, Michael Morrissey, Martin Summerlee, Henry Shilkin, and James Duffee. Hollanders who want to send watches and jewelry by mail to their friends in the old country are notified that they had better save their money. Such articles are dutiable in Holland, and the authorities there simply throw them into a pile until enough has accumulated, and then put them in a machine and pound them to pleces.

2. January 11, 1890 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 11, 1890

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Article Text

Assignment. MADISON, S. D., Jan. 11 -The Bank of South Dakota has assigned. The assets are claimed to be $150,000; liabilities unknown. The assignment of the bank forced the La Belle Horse Importing Company to assign yesterday. The ranche's assets are about $150,000, mostly in land and horses. Liabilities about $60,000.

3. January 12, 1890 The Morning News Savannah, GA
Article from The Morning News, January 12, 1890

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Article Text

DOUBLE ASSIGNMENT. A Bank and a Ranch in South Dakota Go to the Wall. MADISON, S. D., Jan. 11.-The Bank of South Dakota has assigned to M. W. Daly. The assets are claimed to be $150,000; liabilities unknown. The assignee is engaged in looking over the books, which are in bad shape, learning how the concern does stand. The assignment of the bank forced the La Belle Ranch Horse Importing Company to assign yesterday, as the ranch and bank were closely connected. George L. Wright, late secretary and treasurer, is assignee. The ranch's assets are about $150,000, mostly in land and horses; liabilities, about $60,000.

4. January 12, 1890 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, January 12, 1890

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Article Text

Two Assignments. MADISON, S. D., Jan. 11.-The bank of South Dakota has assigned to M. W. Daly; assets $150,000; liabilities un known. The assignment of the bank forced the LaBelle Ranch Horse Importing company to assign yesterday. The rauch assets are $150,000, mostly in land and horses; liabilities $60,000.

5. January 12, 1890 The Daily Citizen Asheville, NC
Article from The Daily Citizen, January 12, 1890

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Article Text

Two Heavy Dakota Failures. MADISON, S. D., January 11.-The bank of South Dakota has assigned to M. W. Daly. The assets are claimed to be $150,000; liabilities unknown. The assignee is engaged in looking over the books which are in bad shape, and learning how theconcern stands. The assignment of the bank forced the La Belle ranche horse importing company to assign yesterday, as the ranche and bank were closely connected. Geo. L. Wright, late secretary and treasurer, is the assignee. The ranche's assets are about $150,000, mostly in land and horses. Liabilities are about $60,000.

6. January 12, 1890 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 12, 1890

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Article Text

A Bank Assigns. (By telegraph to the Dispatch.] MADISON, S. D., January 11.-The Bank of South Dakota has assigned to M. W. Daly. The assets are claimed to be $150,000; liabilities unknown. The assignee is engaged in looking over the books, which are in a bad shape. The assignment of the bank forced the La Belle Ranche Horse Importing Company to assign yesterday, as the ranche and bank were closely connected. George L. Wright, late secretary and treasurer, is theassignee. Theranche's assets are about $150,000, mostly in lands and horses. Liabilities about $60,000.

7. January 12, 1890 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, January 12, 1890

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Article Text

South Dakota Failures. MADISON, S. D, January 11.-The Bank of South Dakota has assigned to M. W. Daly. Assets, $150,000; liabilities, unknown. The assignment of the bank forced the LaSalle Ranch and Horse Importing Company to assign yesterday. The ranch assets are $150,000, mostly in lands and horses; liabilities, $60,000.

8. January 12, 1890 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 12, 1890

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Article Text

Collaps of a South Dakota Bank. MADISON, S. D., Jan. 11.-The Bank of South Dakota has assigned to M. W. Daly. Assets, $150,000; liabilities, unknown. The assignment of the bank forced the La Belle Ranch Horse Importing company to assign yesterday. The ranch's assets are $150,000;. mostly in horses and land. Its liabilities are $60,000.

9. January 12, 1890 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 12, 1890

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Article Text

Bank of South Dakota Assigns. MADISON, S.D., Jan. 11.-The Bank of South Dakota has assigned to M. W. Daly. Assets $150,000; liabilities unknown. The assignment of the bank forced the Labelle Ranch Horse Importing company to assign yesterday. The ranch sssets are $150,000, mostly in land and horses. Liabilities, $60,000.

10. January 13, 1890 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, January 13, 1890

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Article Text

Dako a Failures. MADISON, S. Dak., Jan. 13.-The bank of >outh Dakota has assigned to M. W. Daly. Assets $150,000; liabilities unknown. The assignment of the bank forced the Laballe Ranch & Horse Importing company, to assign yesterdav. The Ranch's assets are $150,000, mo-tlv in land and horses. Liabilities $60,000.

11. January 2, 1891 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 2, 1891

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Article Text

7. Great storm in Great Britain. ASSIGNMENTS AND SUSPENSIONS. The most important assignments and suspensions of the year are mentioned below: JANUARY. Bank of South Dakota and La Belle Ranch Horse Importing Co., Madison, S. D.; L. H. Stone, horses, San Francisco; A. W. Morris & Co., cordage, Montreal; John B. Lalande, cotton factor, New Orleans: Central Wagon Co., Lan sing, Mich. FEBRUARY. A. G. Leonard & Co., Chicago, boots and shoes MARCH. Atlantic Fire Insurance Co., Providence, R I.; R. R. Donnelly & Son, printers, Chicago; Monroe Eckstein & Leopold Wortheimer, N Y.; Belloc Bros., private bankers, San Francisco; John F. Plummer & Co., dry goods commission merchants, New York: J. S. Murphy & Co., lumber, Montreal. APRIL Manhattan Bank of Manhattan, Kan.: Merchants and Traders' Produce Exchange, Nashville, Tenn.: Louis Francke & Co., silk importers, New York; Carl Spengler, liquors, Kansas City, Mo.; Bank of America, Philadelphia, Pa. MAY. Gloucester City National Bank, Gloucester. N. J.; Fechheimer, Rau & Co., New York: Fidelity Surety, Trust and Safe Deposit Co., Camden, N. J.; Port Norris (N. J.) Bank; Merchants' Bank, Pleasantville, N. J.; Merchants' Bank, Atlantic City, N. J.; Doran & Wright, brokers, New York and elsewhere; Smith, Wade & Co., lumber, Quebec. JUNE. Bank of Hartford, Hartford, Wis JULY. J. E Tygert & Co., fertilizers. Philadelphia SEPTEMBER. Hixie & Meller, lumber, Ontigo, Wis : Potter Lovell & Co., publishers, Boston; Sawyer, Wallace & Co, commission merchants, New York; Jackson Woolen Mills, Jackson, Tenn. Bank of Madison, Jackson, Tenn. OCTOBER. Forestal Bros, contractors, St. Paul: F H. Hagerty & Co, bankers, Aberdeen, S. D.; Curry & Hosmer, hardware, Boston: Isaac L. Falk & Co., clothing, New York; Isidore Rosenthal, coats, New York: Leopold Bros. & Co. clothiers, Chicago NOVEMBER. Packing and Refrigerator Co., Kansas City: Barker Bros. & Co., bankers, Philadelphia: U 8. Rolling Stock Co., Ohio, Illinois and Alabama: Thomas Faweett & Co. coal dealers, Pittsburg: Richard H. Allen & Co., bankers and merchants, New York: Thomas Hallen & Co., tankers and merchants, Memphis: Ore gon Improvement Co., New York: Bell & Eysier, backers, Duluth, Minn.; B K. Jamison & Co. bankers, Philadelphia; Walker & Sons, importers New York: Decker Howell & Co., New York DECEMBER. Rittenhouse Manufacturing Co., Passaic, N. J.; Delamater & Co, Meadville, Pa.: V.A. Meyer & Co., cotton, New Orleans; liabilities $2,000,000, nominal assets $3,000,000

12. January 8, 1891 Herald and News Randolph, VT
Article from Herald and News, January 8, 1891

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Article Text

ASSIGNMENTS AND SUSPENSIONS. The most important assignments and suspensions of the year are mentioned below: JANUARY. Bank of South Dakota and La Belle Ranch Horse Importing Co., Madison, S. D.: L. H Stone, horses, San Francisco: A. W. Morris & Co., cordage, Montreal: John B. Lalande, cotton factor, New Orleans: Central Wagon Co., Lan sing, Mich. FEBRUARY. A. G. Leonard & Co., Chicago, boots and shoes MARCH Atlantic Fire Insurance Co., Providence, R. L; R. R. Donnelly & Son, printers, Chicago: Monroe Eckstein & Leopold Wortheimer, N. Y.; Belloc Bros., private bankers, San Francisco; John F. Plummer & Co., dry goods commission merchants, New York: J. S. Murphy & Co., lumber, Montreal. APRIL Manhattan Bank of Manhattan, Kan.: Merchants and Traders' Produce Exchange, Nashville, Tenn.: Louis Francke & Co., silk importers, New York: Carl Speagler, liquors, Kansas City, Mo.: Bank of America, Philadelphia, Pa. MAY Gloucester City National Bank. Gloucester. N. J.; Fechheimer, Rau & Co., New York: Fidelity Surety, Trust and Safe Deposit Co., Caniden, N. J.; Port Norris (N J.) Bank; Merchants' Bank, Pleasantville, N. J.; Merchants' Bank, Atlantic City, N. J.; Doran & Wright, brokers, New York and elsewhere; Smith, Wade & Co., lumber. Quebec. JUNE. Bank of Hartford. Hartford. Wis JULY. J. E. Tygert & Co., fertilizers, Philadelphia SEPTEMBER. Hixie & MeHer, lumber, Ontigo. Wis.: Potter. Lovell & Co., publishers, Boston; Sawyer, Wallace & Co, commission merchants, New York; Jackson Woolen Mills, Jackson, Tenn.: Bank of Madison, Jackson. Tenn. OCTOBER Forestal Bros, contractors, St. Paul: F. H. Hagerty & Co., bankers, Aberdeen, S. D.: Curry & Hosmer, hardware, Boston; Isaac L. Falk & Co., clothing, New York; Isidore Rosenthal, coats, New York: Leopold Bros. & Co. clothiers, Chicago NOVEMBER. Packing and Refrigerator Co., Kansas City; Barker Bros. & Co., bankers, Philadelphia; U. S. Rolling Stock Co., Ohio, Illinois and Alabama: Thomas Faweett & Co, coal dealers, Pittsburg: Richard H. Allen & Co., bankers and merchants, New York; Thomas Hallen & Co., bankers and merchants, Memphis: Oregon Improvement Co., New York: Bell & Eyeler, bankers, Duluth, Minn.; B. K. Jamison & Co. bankers, Philadelphia; Walker & Sons, importers, New York; Decker Howell & Co., New York. DECEMBER. Rittenhouse Manufacturing Co, Passaic, N. J.; Delamater & Co, Meadville, Pa.: V. A. Meyer & Co., cotton, New Orleans; liabilities $2,000.000, nominal assets $8,000,000. Thousands of men and women in the United States recall their membership in the Greek letter fraternities as one of the most enjoyable and profitable features of their college life. Longafter the last traces of memory of the Greek conjugation have vanished, after the Odes of Horace and the swinging lines of the AEneid have faded into the irrevocable past; after all mathematics but the rule of three has lapsed into the secret recesses of the mind; after the finer classifications of the "genus" and "species" have given place to such everyday terms as "mud cat" or "dog fennel;" after all these and a hundred other once important departments of learning have been forgotten, still the recollections of the fraternity, the jolly meetings in the old hall, the exclusive pienics and parties: the dinners, cheap but seasoned with wit and warm geniality; the solemn advice to the erring brother, the sitting up at nights with the unfortunate of the number who fell sick, the anxiety to outdo all rival fraternities in securing good men who entered college, the throb of pride when one of "our boys" won a prize or some special college honor-these things remain as vividand fresh in the memory as though commencement day were only yesterday. -Indianapolis News.