20457. Plankinton bank (Plankinton, SD)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 24, 1900
Location: Plankinton, South Dakota (43.716, -98.485)

Metadata

Model: gpt-5-mini
Short Digest: de7f6d22

Response Measures

None

Description

Multiple contemporary articles (Jan 23–27, 1900) describe the Plankinton bank as 'defunct' and report the court appointment of O. P. Auld as receiver (bond $50,000). No article describes a depositor run prior to suspension; the bank was placed in receivership and treated as permanently closed. Later items (1903, 1900 Oct reference) discuss prosecutions and bankruptcy/partnership rulings related to the earlier failure. No evidence of reopening.

Events (2)

1. January 24, 1900 Receivership

Newspaper Excerpt: Judge Smith rendered a decision in reference to the appointment of a receiver of the defunct Plankinton bank ... will name O. P. Auld of Plankinton. The receiver gives a bond of $50,000. (Multiple reports Jan 23-27, 1900.)
Source: newspapers

2. January 24, 1900 Suspension

Cause: Government Action
Cause Details: Court-appointed receiver for the defunct bank after petition by non-attaching creditors; attachments on property contested.
Newspaper Excerpt: Judge Smith today appointed O. P. Auld, of Plankinton, receiver for the defunct Plankinton (S. D.) bank.
Source: newspapers

Newspaper Articles (11)

1. January 23, 1900 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, January 23, 1900

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES Mitchell, B. D., Jan. M-Judge Smith today appointed 0. P. Auld of Plankinton, receiver of the defunct Plankinton bank. Nicholasville, Ky., Jan. 22-In a fit of jealousy, Alex Wlatt, colored. today shot and killed his wife and then blew bis brains out. New York, Jan. 2-Alfred Waite the inventor of crystal gold, which is used In dentistry. died at his home is Brooklyn or old age. Washington, Jan. 22-Secretary 22 Gage has sent to congress an estimate of $7,477.000 as the cost of collecting the customs during the next fiscal year. Milwaukee, Wis, Jan. 22-Tothmy Ryan of Syracuse, N. Y., the weiterweight champion, has been matched to fight stx rounds with Jack Hammond of Detroit, in Milwaukee, Februry c. New York, Jan. 11-John Potter Stockton, for many years attorney general of New Jersey, die dat the hotel Hanover today. Mr. Stockton was born in 1821, and was a son of the late Commoders Stockton, of the United States navy. Washington, Jan. 22-General Wade, commanding the department of Dakota, has been directed to assume command of the department of the takes, upon, the retirement from active service on January 21 of Brigadler General Thomas M. Anderson.

2. January 23, 1900 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, January 23, 1900

Click image to open full size in new tab

Article Text

DAY'S NEWS IN BRIEF. Mitchell, S. D.-Judge Smith today appointed O. P. Auld, of Plankinton, receiver for the defunct Plankinton (S. D.) bank. Nicholasville, Ky.-In a fit of jealousy Alex Wiatt, colored, today shot and killed his wife and blew his brains out. Washington, Pa.-Policeman George W. McCammon, of West Alexander, was shot and killed today by a young man named Frank McGee in a quarrel. McGee fied, but was later arrested. Muncie, Ind.-Fire today destroyed the power house, shops, barns and offices of the electric street railway system, entailing a loss of $75,000. Washington-The American Association of Masters and Pilots of Steam Vessels began its annual session in this city today. Des Moines. Io.-The supreme court today handed down an opinion sustaining the constitutionality of the collateral inheritance law. passed three years ago, It imposes a tax of 5 per cent on all inheritances which go to collateral heirs. Lead, S. D.-Christian Scientists of Lead will resist, in court, the order of the school board relative to the compulsory vaccination of children. Vienna-Thirty thousand more Austrian miners have gone on strike, their employers having refused the demands for higher wages and an eight-hour day. Buffalo, N. Y.-Resolutions of sympathy with the Boers were passed by the board of aldermen today.

3. January 24, 1900 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, January 24, 1900

Click image to open full size in new tab

Article Text

Judge Smith of Mitchell has granted the petition of creditors of the defunct Plankinton bank for a receiver of its assets, and bas appointed O.P. Auld to the receivership. He will qualify in a bond of $50,000. The creditors who demanded the receiver will now contest the claims of the attaching creditors and a big law suit is in sight.

4. January 26, 1900 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, January 26, 1900

Click image to open full size in new tab

Article Text

APPOINTED THE RECEIVER. Judge Smith Rendered the Decision in Favor of the Non-Attaching Creditors. Judge Smith of the circuit court heard a motion Saturday which asked for the appointment of a receiver for the Plankinton bank. The motion was brought by Aurora county which suee for the amount of money on deposit when the bank failed and also asks for a receiver. The unattached creditors, represented by S. H. Bakewell and A. E. Hitchcock, have joined issues, with the bank, represented by Judge Fellows, and ask that the attachments that have been placed on the bank property be dissolved. Mesers. Preston and Spangler, of this city, and W. C. Cook, of Plankinton, will defend the attaching creditors from any such proceedings. Quite a number of people came down from Plankinton LO listen to the proceedings and urge the claims of the respective gentlemen who are candidates tor the appointment of receiver. After considerable work has been done on the bank books and the figures gone over it is given out that the liabilities amount to $31, 027.60 and the assets at $31,584.60, which is quite a shrinkage from the former figures. The motion that was argued before Judge Smith Saturday afternoon by attorneys in reference to the appointment of & receiver for the defunct Plankinton bank was concluded at & late hour and the court took the matter under advisement, to render the decision later. Monday morning Judge Smith announced that there would be a receiver for the bank appointed. It

5. January 26, 1900 The Bowbells Tribune Bowbells, ND

Article from The Bowbells Tribune, January 26, 1900

Click image to open full size in new tab

Article Text

Plankinton Receivership. Mitchell. S. D.. Jan. 24. - Judge Smith rendered a decision in reference to the appointment of a receiver of the defunct Plankinton bank. The appointment was fought by the attorney of attaching creditors. The court decided to appoint a receiver and will name O. P. Auld of Plankinton. The receiver gives a bond of $50,000. The attachments hold good on the bank, and non-attaching creditors will endeavor to have them dissolved.

6. January 26, 1900 Hot Springs Weekly Star Hot Springs, SD

Article from Hot Springs Weekly Star, January 26, 1900

Click image to open full size in new tab

Article Text

PLANKINTON BANK FAILURE. Now Said Creditors Will Not Get More Than 50 Per Cent. In the matter of the defunct Plankinton bank the liabilities have been piling up quite rapidly, while the assets have not grown nor improved in value. It is reported now that the creditors will not receive more than 50 cents on the dollar. The non-attaching creditors have petitioned the Fourth judicial circuit court for a receiver, and a majority of these have asked for the appointment of O. H. Auld. The examination committee has filed its report with the clerk of the court. The liabilities are about $31,000; the assets amount to some $500 more, according to their face value, but it is thought that they cannot be fully realized on.

7. January 27, 1900 The Kimball Graphic Kimball, SD

Article from The Kimball Graphic, January 27, 1900

Click image to open full size in new tab

Article Text

Plankinton Bank Receiver. Plankinton, S.D., Jan. 24.-A motion for the appointment of a receiver for the defunct Plankinton bank was argued before the judge of the Fourth judicial circuit court and O. P. Auld has been appointed. His bond was placed at $50,000 and the same will be furnished promtly. Non-attaching creditors will attempt to have the attachments dissolved.

8. January 27, 1900 The Washburn Leader Washburn, ND

Article from The Washburn Leader, January 27, 1900

Click image to open full size in new tab

Article Text

Plankinton Receivership. Mitchell, S. D., Jan. 24. - Judge Smith rendered a decision in reference to the appointment of.a receiver of the defunct Plankinton bank. The appointment was fought by the attorney of attaching creditors. The court decided to appoint a receiver and will name O. P. Auld of Plankinton. The receiver gives a bond of $50,000. The attachments hold good on the bank, and non-attaching creditors will endeavor to have them dissolved.

9. October 20, 1900 The Kimball Graphic Kimball, SD

Article from The Kimball Graphic, October 20, 1900

Click image to open full size in new tab

Article Text

WAS A PARTNERSHIP. Stockholders in Defunct Plankina n Bank Responsible. Mitchell, S. D., Oct. 15.-Some time ago J. L. Hannett commenced proceedings against the Plankinton bank, which failed in February in behalf of some of the heaviest depositors, asking that the bank be declared a bankrupt. The case was taken before Judge Carland, of the United States district court, and testimony was heard on the matter of bankruptcy proceedings. The last hearing was held at Sioux Falls Monday. Yesterday Judge Hannett received the decision of the court on the bankruptey point. The court held in effect that the bank was not a corporation, but n partnership, and the failure did not show acts of bankruptcy to have been commenced by the partnership, and the petition was dismissed. The result of the decision will hold all stockholders of the bank personally responsible for debts of the bank. Ohj. et to Lead's Sewage. Deadwood, S. D., Oct. 15.-The city council of Deadwood has sent for C.C. Brown of Bloomington, Jll., an expert sanitarian, to some to this city and examine into the plan that Lead City has of amping all the sewage of that city into a creek which runs through the business and residence portions of Deadwood. The Lead people are crowding work on the new sewage system, the plan being to pipe the water to a point just below the city into Gold run. It will be less than a-mile to the residence portion of Deadwood. The matter will be thoroughly inves tigated. Tri-County Legist t ve Convention Pierre, S. D., Oct. 15.-The fusion ists of the Hughes, Hyde and Sully district at Blunt yesterday nominated for their legislative ticket: Senator, H. L. Hague, of Hyde: house, W. L. Shunk, of Hughes, and John Latta, of Sully.

10. October 30, 1903 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, October 30, 1903

Click image to open full size in new tab

Article Text

# CANNOT BE FOUND Mrs. Thos. Bray, State's Chief Witness in the Stevens Case, Has Disappeared. Second Trial of a Banker, for Receiving Deposits When His Bank Was Insolvent. Special to The Journal. Mitchell, S. D., Oct. 30. One of the most interesting cases to be tried at the November term of court in this city is that against Fred L. Stevens, who is connected with the failure of the Plankinton bank a little over three years ago, the charge against him being that of accepting deposits when he knew the bank to be insolvent. Two years ago he was tried in this county on a change of venue and convicted. A stay of proceedings was granted for sixty days and at the end of that time he was sentenced by Judge Smith to four and one-half years. He carried the case to the supreme court and was granted a new trial, which should have been held last May, but owing to the condition of the state's principal witness, Mrs. Thomas Bray of Plankinton, the case was set over to the fall term. Mrs. Bray is an unwilling witness for the state, and it was mainly on her testimony and knowledge of the books of the bank that Stevens was convicted, she having had charge of them. At the approach of the fall term of court she went away from Plankinton, ostensibly on a visit, but from all reports she will not be here to testify against her former employer. It is now stated she is at Humboldt, Iowa. Preston & Hannett, counsel for the state, say that they will not need Mrs. Bray to secure a second conviction of Stevens, inasmuch as the books of the banks are available, and that Receiver Auld, will be on hand to assist in deciphering the accounts. So far Stevens has been able to keep out of the penitentiary thru the activity and resources of his attorney. The Milwaukee road had made arrangements to tear up the old wooden platforms around the station and replace them with brick, and also to construct a new freight depot. However, the plans have been abandoned and the brick shipped to another point. The reason is that the company has since decided to erect a station in Mitchell which will cost about $25,000, and will be built of red pressed brick. Work will commence in the spring. The station will be about eighty feet north of the present site so that no tracks will be between the town and the building. A large new freight building will also be constructed in the east end of the yards. The company contemplates making many other improvements on its property in this city looking to better service. Dr. T. H. Youngman and family will move to Huron the first of next week. Dr. Youngman was called upon by a delegation of the lady members of the Methodist church and presented for himself and wife several handsome presents as a token of high regard and esteem.

11. November 6, 1903 The Herald-Advance Milbank, SD

Article from The Herald-Advance, November 6, 1903

Click image to open full size in new tab

Article Text

PLANKINTON BANK CASE. Principal Witness Against Fred L. Stevens Out of State. One of the most interesting cases to be tried at the November term of court in Mitchell is that against Fred L. Stevens, who will be remembered as having been connected with the failure of the Plankinton bank a little over three years ago, the charge against him being that of accepting deposits when he knew the bank to be insolvent. Two years ago he was tried in this county on a change of venue and was convicted of the charge. A stay of proceedings was granted for sixty days, and at the end of that time he was sentenced by Judge Smith to four and one-half years in the penitentiary. Stevens carried the case to the supreme court and he was granted a new trial, which should have been held last May, but owing to the condition of the state's main witness, Mrs. Thomas Bray of Plankinton, the case was set over to the fall term. Mrs. Bray is an unwilling witness for the state, and it was mainly on her testimony and knowledge of the books of the bank that Stevens was convicted, she having had charge of the books. Recently Mrs. Bray, at the approach of the fall term of court, went away from Plankinton, ostensibly on a visit, but from all reports she will not be here to testify against her former employer. Sheriff Huston has sought the lady in the state to have her here for court, but he has been unable to find her. It is now stated that she is at Humboldt, Iowa, where she will remain until her husband goes to Chicago to take a position with the Milwaukee Railroad company. Preston & Hannett, the counsel for the state in this case, say they will not need Mrs. Bray to secure a second conviction of Stevens, inasmuch as the books of the bank are available and that Receiver Auld of the bank will be on hand to assist in deciphering the books. So far Stevens has been able to keep out of the penitentiary through the activity and resources of his attorney.