20475. First National Bank (Redfield, SD)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3398
Charter Number
3398
Start Date
January 9, 1895
Location
Redfield, South Dakota (44.876, -98.519)

Metadata

Model
gpt-5-mini
Short Digest
704e80a3

Response Measures

Full suspension, Books examined

Other: Receiver appointed; bank placed in hands of permanent receiver R. W. Bourne.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1895-01-11
Date receivership terminated
1897-09-18
OCC cause of failure
Excessive lending
Share of assets assessed as good
24.2%
Share of assets assessed as doubtful
61.6%
Share of assets assessed as worthless
14.3%

Description

Articles report a quiet run after news that State Treasurer W. W. Taylor (bank president) had absconded with large sums (~$350,000). Bank officials closed the First National (Redfield) subject to examination by the Comptroller; subsequently a permanent receiver was appointed (Mar 1, 1895). No credible report of reopening is given; receiver indicates permanent closure.

Events (5)

1. October 2, 1885 Chartered
Source
historical_nic
2. January 9, 1895 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors learned the state treasurer and bank president W. W. Taylor was missing and large state funds (≈$350,000) were unaccounted for, provoking withdrawals.
Measures
Bank officials decided to close the bank subject to examination by the Comptroller of the Currency; government examiner ordered to take charge.
Newspaper Excerpt
There was a quiet run on the bank Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there and that something was wrong.
Source
newspapers
3. January 9, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure followed discovery/rumors of Treasurer Taylor's defalcation and his disappearance; action taken for protection of depositors and pending federal examination.
Newspaper Excerpt
his bank ... has closed its doors. The bank officials decided to close the bank subject to examination by the comptroller of the currency.
Source
newspapers
4. January 11, 1895 Receivership
Source
historical_nic
5. March 1, 1895 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed R. W. Bourne of New York permanent receiver for the First National bank of Redfield, S.D. Mr. Bourne will take charge of the institution early next week.
Source
newspapers

Newspaper Articles (20)

Article from The Anaconda Standard, January 10, 1895

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TAYLOR TOOK IT ALL Sensational Failure of a Banker and Politician. BIG MONEY INVOLVES The State Treasurer of South Dakota Short Nearly Half a Million Doilars-Disappears Suddenly. REDFIELD, S. D., Jan. 9.-The most startling failure that has ever occurred in the Northwest was revealed to-day in word received from William Walter Taylor, the outgoing state treasurer and president of the First National bank and Northwestern Mortgage Trust company, that he would not appear to make a settlement at Pierre with his successor. The news and the closing of his bank here came like a thunder clap from a clear sky, because both Taylor and the financial institutions which he was connected with were regarded as firm and reliable. It is estimated $350,000 is missing with Taylor. Upon Tuesday morning his bank here opened for business as usual and the cashier, F. W. Humphrey, states it held 50 per ceut. of the deposits in cash and in bonds of approved reserve agents in the east. There was a quiet run on the bank Tuesday by parties who had their suspicious aroused by receiving private information from Pierre that Taylor had not shown up there and that something was wrong. The bank officials decided to close the bank subject to the decision of the comptroller of the currency. Cashier Humphrey declares there is an excess of fully $60,000 in good paper, besides about 40 per cent. deposited in other banks. The bank here is not compromised financially by Taylor's default. PIERRE. S. D., Jan. 9.-The alleged failure of W. H. Taylor, the outgoing state treasurer, to turn over the office to his successor yesterday has started some rumors of an investigation. Taylor, seemingly, cannot be located, but his bank at Redfield closed its doors last evening, and he is alleged to be short a large amount of state funds, just how much cannot now be learned. Ex-Governor Mellette, one of his bondsmen, is now on the road from Indiana and other bondsmen are on his track. MINNEAPOLIS, Minn., Jan. 9.-A special to the Journal from Aberdeen, S. D., says: It is learned that the defalcation of State Treasurer Taylor will reach $25,000. Taylor was last seen in Chicago Jan. 6. He went from Chicago to New York, since which time no information has been received as to his whereabouts. The following letter was received to-day under date of Jan. 6 by the bank here. The envelope was postmarked : NEW YORK, Jan. 6. DEAR FRANK:-I am compelled to inform you that I will not return to Redfield or Pierre. I have counted on friends assisting in making up my settlement with the state and felt that it would be done until the last few days. I offer no excuse for my condition, although have many, and believe myself. Yours truly. W. W. TAYLOR. It develops that a plaster mortgage reached Redfield Wednesday morning and was duly filed in the register of deeds' office, transferring to a company in Chicago all his real estate and chattels in this city and in Spink county. The blow falls hard on his principal bondsmen, some of whom reside here. Exam, iner Zimmerman has been ordered to come here at once and take charge of the I bank.


Article from Richmond Dispatch, January 10, 1895

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Deep Snow at Roanoke. ROANOKE, VA., January 9.-(Special.) The heaviest snow of the season felt last night and to-day. It is 8 inches deep. and telephone- and telegraph-wires are badly disarranged. STATE TREASURER NON EST. He Is Also Heavily Short-His Bank Closes Its Doors. PIERRE, S. D., January 9.-State-Treasurer Taylor, who should have turned over his cash to his successor yesterday, falled to appear, and his bank, the Redfield National, has closed Its doors. When last heard from Taylor was in New York. On Saturday he should have had $350,000, and should have paid $190.000 Saturday to take up funding warrants in New York. His bonds are $350,000, but will stand 50 per cent. shrinkage. It has been known for some time that Treasurer Taylor was hard-pressed. He was caught in the Chemical National Bank failure at Chicago for a large amount, and he lost $20,000 in the bank at Milbank, and $10,000 in that at Goldisburg, which failed during the panic. Altogether he lost $100,000. The First National Bank at Redfield, Taylor's bank, closed its doors yesterday.


Article from The Morning News, January 10, 1895

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SOUTH DAKOTA SCOOPED. Her Treasurer Missing With $350,000 to Turn Over to His Successor. Pierre, S. D., Jan. 9.-State Treasurer Taylor, who should have turned over his cash to his successor yesterday, failed to appear, and his bank, the Redfield National Bank, has closed its doors. The last heard of Taylor he was in New York. On Saturday he should have had $350.00, and should have paid $190,000 Saturday to take up funding warrants in New York. His bonds are for $350,000, but will stand 50 per cent. shrinkage. It has been known for some time that Treasurer Taylor was hard pressed. He was caught in the Chemical National Bank failure at Chicago for a large amount, and he lost $20,000 in the bank at Milbank, and $10,000 in that at Geldisburg, which failed during the panic. Altogether he lost $100,000. The First National Bank at Redfield, Taylor's bank, closed its doors yesterday. The bank is in a good condition, and it is thought will pay all its debts. The banks at Pierre wil not lose anything. If the defalcation is as large as the bondsmen believe, it will place the state in a very embarrassing position. The limit of indebtedness has been passed largely. No warrants or bonds can be sold, and there is a considerable deficiency in the revenue. Without this it would have been a difficult problem to make both ends meet, now it is impossible. Taylor has always had a high reputation as a financier and a man of integrity. The school fund also loses $50,000.


Article from Rock Island Argus, January 10, 1895

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STATE MONEY GONE South Dakota's Treasurer is Also Missing, AND WITH HIM THE SUM OF $350.000 Last Heard from at New York, Whence He Writes a "Letter of Regret" - State Treasury Looted of About All Therein and His Bondsmen Left to Hold the Empty Bag-Bad Case of Official Rascality. REDFiELD, S. D., Jan. 10.-Probably the most startling failure that ever oc* curred in South Dakota or the northwest was revealed in news received from William Walter Taylor, the outgoing state treasurer and president of the First National bank and Northwestern Mortgage Trust company, of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurer-Elect Phillips, of Deadwood. The news and the closing of his bank here came like a thunder clap from a clear sky, as both Taylor and the financial institutions with which he was connected were regarded as firm and reliable beyond question. The news from Pierre demonstrates that no money is held there to the credit of the state treasurer and none is held in the bank here. Much Money Missing with Him. It is estimated that about $350,000 is missing with Taylor. Aside from the financial loss the action of Taylor is felt terribly by all who have known and done business with him and the financial enterprises with which he has been connected in years past. He and his enterprises here have handled many thousands of eastern capital, and his bank here has always been regarded as one of the firm, safe institutions in the state. On Tuesday morning his bank here opened for ousiness as usual, and the cashier, F. W. Humphrey, informs us that the bank held 50 per cent. of its deposits in cash and in bonds of approved reserve agents east. There was a quiet run on the bank Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there and that something was wrong. Bank Will Pay All Its Debts. The bank officials decided to close the bank subject to examination by the controller of the currency, and that official was notified at once. The action was taken for the protection of the bank and its many depositors. Cashier Humphrey declares that deposits will be paid in full as soon as the government examiner concludes his examination, as thre is an excess of fully $60,000 in good paper, and besides about 40 per cent. deposited in other banks. The bank here is not compromised financially by Taylor's default. It is stated authoritatively that after the examination of the bank and its credit is restored it will reorganize and open up for business. The worst blow falls upon Taylor, and his bondsmen, many of whom reside here and are representative and leading business men of Redfield.


Article from Waterbury Evening Democrat, January 10, 1895

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ITS TREASURY LOOTED South Dakota's State Treasurer Gone With $350,000. LAST HEARD FROM IN NEW YORK. Taylor Wrote From There That He Would Not Return, as He Could Never Make Good the State Funds-Last Seen In Chicago. Had Speculated Wildly. REDFIELD, S. D., Jan. 10. .Probably the most startling failure that has ever occurred in South Dakota or the northwest was revealed in word received from William Walter Taylor, the outgoing state treasurer and president of the First National bank and Northwestern Mortgage Trust company of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurer Elect Phillips of Deadwood. The news and closing of his bank here came like a thunder clap from a clear sky, because both Taylor and the financial institutions with which he was connected were regarded as firm and reliable beyond question. The news from Pierre demonstrated that no money is held there to the credit of the state treasurer, and none is held in the bank here. It is estimated that about $350,000 is missing with Taylor. Aside from the financial loss the action of Taylor is felt terribly by all who have known and done business with him and the financial enterprises with which he has been connected in years past. He and his enterprises here have handled many thousands of eastern capital. and his bank here has always been regarded as one of the firm, safe institutions in the state. On Tuesday morning his bank here opened for business as usual, and the cashier, F. W. Humphrey, states that it held 50 per cent of deposits in cash and in bonds of approved reserve agents in the east. There was a quiet run on the bank Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there, and something was wrong. The bank officials decided to close the bank, subject to examination by the comptroller of the currency, and that official was notified at once. The action was taken for the protection of the bank and its many depositors.


Article from Evening Journal, January 10, 1895

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ITS TREASURY LOOTED South Dakota's State Treasurer Gone With $350,000. $ 2 LAST HEARD FROM IN NEW YORK, Taylor Wrote From There That He Would Not Return, as He Could Never Make Good the State Funds-Last Seen In Chicago. Had Speculated Wildly. REDFIELD, S. D., Jan. 10.-Probably the most startling failure that has ever occurred in South Dakota or the northwest was revealed in word received from William Walter Taylor, the outgoing state treasurer and president of the First National bank and Northwestern Mortgage Trust company of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurer Elect Phillips of Deadwood. The news and closing of his bank here came like a thunder clap from a clear sky, because both Taylor and the financial institutions with which he was connected were regarded as firm and reliable beyond question. The news from Pierre demonstrated that no money is held there to the eredit of the state treasurer, and none) is held in the bank here. It is estimated that about $350,000 is missing with Taylor. Aside from the financial loss the action of Taylor is felt terribly by all who have known and done business with him and the financial enterprises with which he has been connected in years past. He and his enterprises here have handled many thousands of eastern capital, and his bank here has always been regarded as one of the firm, safe institutions in the state. On Tuesday morning his bank here opened for business as usual, and the cashier, F. W. Humphrey, states that it held 50 per cent of deposits in cash and in bonds of approved reserve agents in the east. There was a quiet run on the bank Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there, and something was wrong. The bank officials decided to close the bank, subject to examination by the comptroller of the currency, and that official was notified at once. The action was taken for the protection of the bank and its many depositors.


Article from The Morning Call, January 10, 1895

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IN ONE COMPLETE SMASH. South Dakota Will Find Her Treasury Empty. Taylor Was Far Too Shrewd a Financier for the Good of His Adopted State. REDFIELD. S. D., Jan. 9.-Probably the most startling failure that has ever occurred in South Dakota or the Northwest was revealed to-day in word received from William Walter Taylor, the outgoing State Treasurer and president of the First National Bank and Northwestern Mortgage Trust Company of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurer-elect Phillips of Deadwood. The news and the closing of his bank here came like a thunderclap from a clear sky. because both Taylor and the financial institutions with which he was connected were regarded as firm and reliable. The news from Pierre demonstrates that no money is held there to the credit of the State Treasurer and none is held in the bank here. It is estimated that about $350,000 is missing. Aside from the financial loss the action of Taylor is felt terribly by all who have known and done business with him, and by the financial enterprises with which he has been connected in years past. He and his enterprises have handled many thousands of Eastern capital, and bis bank here has always been regarded as one of the safe institutions in the State. On Tuesday morning his bank here opened for business as usual, and the cashier, F. W. Humphrey, states that it held 50 per cent of deposits in cash and in bonds of approved reserve agents in the East. There was a quiet run on the bank on Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there and that something was wrong. The bank officials decided to close the bank subject to the decision of the Comptroller of the Treasury. This action was taken for the protection of the bank and its many depositors. Cashier Humphrey declares that depositors will be paid in full as soon as the Government examiner concludes his examination, as there IS an excess of fully $60,000 in good paper, besides about 40 per centdeposited in other banks. The bank here is not compromised financially by Taylor's default. It was stated authoritatively that after an examination of the bank and its credit is restored it will reorganize and reopen for business. The worst blow falls on Taylor and his bondsmen, many of whom reside here and are representative and leading men of Redfield. Taylor was last seen In Chicago on January 4. He went from Chicago to New York, since which time no information has been received as to his whereabouts, and it is not known whether the State or his bondsmen have been protected in any way or not by him. No bank elsewhere is involved in the default. Pierre banks were suspicious of Taylor's absence and withdrew their deposits from the bank here before it closed. The following letter was received today under date of January 6 by the bank here. The envelope was postmarked New York, January 6. It will throw important light on the matter and settle all doubts as to Taylor's disappearance: Dear Frank: I am compelled to inform you that I will not return to Reddeld or Pierre. 1 have counted on friends assisting In making up my settlement with the State, and felt that it would be done until the last few days. I feel relieved to know that the First National of Redfield is not in any way rightfully compromised by my misfortune, and hope that its patrons will believe in you, as they should. for you have always kept the bank's affairs in good condition. There is no reason why the bank should not continue its business. I offer no excuse for my condition, although I have many, and believe myself. Yours truly, W. W. TAYLOR. It developed that a plaster mortgage reached Redfield on Wednesday morning, and was duly filed in the Register of Deeds office. transferring to a company in Chi-


Article from The Salt Lake Herald, January 10, 1895

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National bank, and Northwestern Mortgage Trust company of this city, that he would not appear to make his settlement at Pierre with his successor, TreasurerElect Phillipps, of Deadwood. The news and closing of his bank here came like a trunder-clap from a clear sky, because both Taylor and the financial institutions which he was conected with, were regarded as firm and reliable. The news from Pierre demonstrates that no money is held there to the credit of the state treasurer, and none is held in the bank here. It is estimated about $350,000 is missing with Taylor. Aside from the financial loss, the action of Taylor is felt terribly by all who have known and done business with him, and the financial enterprises with which he has been connected in years past. He and his enterprices have handled many thousands of eastern capital, and his bank here has always been regarded state. as one of the firm, safe institutions in the Bank Opens as Usual. On Tuesday morning his bank here opened for business as usual and the cashier, F. W. Humphrey, states it held 50 per cent. of its deposits in cash and in bonds of approved reserve agents in the east. There was a quiet run on the bank Tuesday by parties who had their suspicions aroused by receiving private information from Pierre that Taylor had not shown up there, and that something was wrong. The bank officials decided to close the bank subject to the decision of the comptroller of the treasury. This action was taken for the protection of the bank and its many depositors. Cashier Humphrey declares depositors will be paid in full as soon as the government examiner concludes his examination, as there is an excess of fully $60,000 in good paper, besides about 40 per cent. deposited in other banks. The bank here is not compromised financially by Taylor's default. It is stated authoritatively that after examination of the bank and its credit is restored, it will reorganize and reopen for business. n The worst blow falls on Taylor and his t bondsmen, many of whom reside here and are representative and leading men of Redfield. Taylor was last seen in Chie cago January 4. He went from Chicago e to New York, since which time no inS formation has been received as to his e whereabouts, and it is not known whether the state or his bondsmen have been f protected in any way or not by him. No bank elsewhere is involved in the default. Pierre banks were suspicious of Taylor's absence and withdrew their deposits from e the bank here before it closed. Sends a Letter. The following letter was received to1, day, under date of January 6. by the y bank here. The envelope was postmarked New York, January 6. It will throw important light on the matter and settle all doubts as to Taylor's disapd pearance: s, "Dear Frank-I am compelled to in form you that I will not return to Red 0 field or Pierre, I have counted on friends 0. assisting in making up my settlement with the state and felt that it would be e done until the last few days. I feel relieved to know the First National 0 Redfield is not in any way rightfully compromised by my misfortune and hope that its patrons will believe you as they should, for you have always kept th bank's affairs in good and safe condi a tion. There is no reason why the bank should not continue its business. I offe no excuse for my condition, although 1e have many, and believe myself, DrYours truly, of "W. W. TAYLOR." DIt develops that a plaster mortgag rreached Redfield Wednesday morning ge and was duly filed in the register 0 is deeds office, transferring to a company ne in Chicago all This real estate and chat in tels in this city and in Spink county. as Next to the state the blow falls terri bly hard on his principal bondsmen wh reside here. They qualified in sums rep resenting all they have in the world The entire city used the bank for a de ge pository, hence a deadly paralysis ha W affected all the arteries of trade and SO cial life. es Comptroller Eckels has wired that Ex es aminer Zimmerman has been ordered 't re come here at once and take charge :h. the bank.


Article from Evening Star, January 11, 1895

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MAY DEFAULT ON JUNE INTEREST. South Dakota Likely to Be Straitened for Money. A Pierre, S. D., special, dated yesterday, says: The attorney general has brought suit on the bond of Treasurer Taylor. It is understood that the bond will be con- tested. Ex-Gov. Millette, who justified for $50,000, wires that he will be here, and will straighten the shortage. It is said his property, however, is only 10 per cent of the defalcation. The state officials do not place much reliance in it. It is believed Taylor is hiding in the east. It is known that he had when he left here fully a quarter of a million in cash, and he could have drawn in New York one hundred thousand more. It is believed that he has certain confederates here, who are keeping him advised of the proceed- ings. A strong attempt is being made here to throw doubt on the validity of the bonds, and it is suspected that the plan is to force the state into a compromise with the bondsmen for a moderate sum, and then, when a settlement is completed and Taylor is promised immunity, he will make good the losses of his bondsmen. All sorts of rumors have been set afloat here by Taylor's friends to prevent rigid prosecution. It is said that the shortage was due to the liberality with which he supported various banks during the panic, and received notes on which he has real- ized nothing. The state officials are mak- ing strenuous efforts to raise sufficient cash to keep the various state institutions running, and a peremptory call for taxes is expected to produce enough to tide over the difficulty for some time, but the state auditor feels positive that South Dakota must default on the bond interest due in June. Meanwhile effort is being made to apprehend Taylor. A special from Redfield, S. D., says: Bank Examiner Zimmerman is busy at the books of the First National Bank. He says it will take a week to learn the exact status of the business. The general opinion is favorable to allowing the bank to reor- ganize and reopen for business. Rumors have been rife here today that Taylor had accomplices with him here to facilitate his work. If he went to New York, it is sur- mised that he may have sailed for some unknown port. He has a brother-in-law who commands a ship sailing from that city. The Northwestern Mortgage Trust Com- pany, of which Taylor was president, is certainly defunct. Chicago Detectives on the Trail. Five of the shrewdest detectives in Chi- cago were last night started on a trail giv- ing fair promise of leading to the hiding place, probably in Chicago, of the abscond- ing ex-treasurer of South Dakota. News of the development that prompted this action was flashed to Redfield, S. D., where Taylor lived, and while detectives were en- deavoring to find Taylor in Chicago detect- ives in Redfield were trying to unearth the story of the circumstances that caused one C. H. Vinton of that city to write the fu- gitive at Chicago, under date of December 28: "I presume when we default in New York on January 1 in coupons we will get wires, and the devil will be to pay about January 3." Dispatches received in Chicago late last night from Reafield about "a conspiracy" makes this at least interesting, say the de- tectives who have the matter in charge. The papers were brought into police heaquarters yesterday afternoon by a man who remarked: "This may help you to bring the criminals to justice." The man disappeared so quickly that the police were not able to track him, and nothing is known of his identity. Detective Rafferty was sent to look up some of the people whose names were left by the stranger. He went first to the Re- vere House, as Vinton's letter to Taylor was directed there. "Any mail for W. W. Taylor of Dakota?" Rafferty asked of Clerk H. M. Lawson. Mr. Lawson knew who Rafferty was, and he answered: "Why, one of your men called here for Mr. Taylor's mail this after- noon, and took a large envelope to Mr. Taylor, who, I understood, had been taken into custody." "Describe the man who got the letter," said Rafferty. Clerk Lawson described the mysterious man who came into police headquarters like a shadow. The police are following the case closely. # GOOD NEWS! Sufferers from nervous debility or from long- standing and wasting diseases should lose no time in consulting Dr. R. A. Walker, the leading spe- cialist in the treatment of all disorders of the brain and nervous system. Dr. Walker has de- voted himself during the past twenty years to the study and treatment of disease of this character, and his remarkable success has gained for him the highest reputation both in Europe and America. His treatment strikes at the very foundation of the trouble in all cases, and the result is invari- ably a quick and permanent cure. Dr. Walker is permanently located at 1411 Pennsylvania avenue, adjoining Willard's Hotel, where he may be con- sulted from 10 a.m. to 5 p.m. Charges very low, and consultation at office or by mail free. Wednes- day and Saturday evenings, 7 to 8. Sunday, 10 to 12. See testimonials of cures in Post, Times and News. All interviews sacredly confidential and names never published except by owner's consent. oc15-tf # AUCTION SALES. THIS AFTERNOON. RATCLIFFE, DARR & CO., AUCTIONEERS. CHANCERY SALE OF VALUABLE PROPERTY ON FOURTEENTH STREET SOUTHEAST. By virtue of a decree of the Supreme Court of the District of Columbia, passed in equity cause No. 15896, wherein John L. Taylor and others are complainants and Annie Fountain and others are defendants, the undersigned trustees will sell, at public auction, in front of the premises, on the NINTH DAY OF JANUARY, 1895, AT FOUR O'CLOCK P.M., that piece or parcel of land and premises in the District of Columbia known and described as follows: Commencing for the same on Fourteenth street southeast, at the northeast corner of lot numbered eleven (11), in square numbered ten hundred and sixty-one (1061); thence running south forty-two (42) feet; thence east one hundred and one (101) feet; thence north forty-two (42) feet; thence west one hundred and one (101) feet to the place of beginning, improved by a frame house. Terms of sale: One-third of the purchase money (or, at the option of the purchaser, any greater portion or the whole of the purchase money) in cash on the day of sale, or within ten days there- after, and the balance of the purchase money to be paid in two equal installments, payable in one and two years respectively from the day of sale, the purchaser to give his promissory notes for the deferred payments, bearing interest at the rate of six per centum per annum from the day of sale until paid, and secured by a good and sufficient deed of trust upon the premises so sold. A deposit of $100 will be required at the time of sale. Taxes will be paid to date. All conveyancing and re- cording at the cost of the purchaser. If the terms are not complied with within ten days the right is reserved to resell at the risk and cost of the de- faulting purchaser, after five days' advertisement in one of the Washington papers. BENJAMIN S. MINOR, No. 416 5th st. n.w., J. THOMAS SOTHORON, Equity building. No. 317 4½ st. n. w.. Trustees. d27-d&ds THE ABOVE SALE IS POSTPONED ON AC- count of the inclement weather until FRIDAY, THE ELEVENTH DAY OF JANUARY, 1895, at the same hour and place. BENJAMIN S. MINOR, J. THOMAS SOTHORON, Trustees. Ja9-d&ds THOMAS DOWLING & CO., AUCTIONEERS, 612 E st. TRUSTEES' SALE OF VALUABLE IMPROVED PROPERTY, BEING PREMISES NO. 120 D STREET NORTHEAST. By virtue of a deed of trust, dated June 14, 1893, and duly recorded in Liber 1827, follo 281, one of the land records of the District of Columbia, and by direction of the party secured thereby, the undersigned trustees will sell, in front of the premises, on TUESDAY, JANUARY EIGHTH, 1895. at HALF-PAST FOUR O'CLOCK, the follow- ing improved property: Sub lot 83, in square 723, being No. 120 D street northeast, subject to a first trust of $3,000, due November 16, 1895. Terms: All above the first trust to be cash. All conveyancing and recording at purchaser's cost. $100 deposit required at time of sale. JOHN S. SWORMSTEDT, Trustee, 1203 F st. n.w. GEO. J. EASTERDAY, Trustee, 1410. G st. n.w. d26-d&ds THE ABOVE SALE IS POSTPONED IN CON- sequence of the rain until FRIDAY, JANUARY ELEVENTH, 1895, same hour and place. By order of the trustees. ja9-d&ds FUTURE DAYS. DUNCANSON BROS., AUCTIONEERS. TRUSTEES' SALE OF TWO THREE-STORY BRICK DWELLINGS, NUMBERED 333 AND 335 Η STREET NORTHEAST. By virtue of two certain deeds of trust to us, bearing date December 20, A. D. 1892, and duly recorded in Liber 1772, folios 50 and 55 et seq., respectively, of the land records of the District of Columbia, and at the request of the party secured thereby, we will sell, at public auction, in front of the premises, on FRIDAY, the TWENTY-FIFTH DAY OF JANUARY, A.D. 1895, BEGINNING AT HALF-PAST FOUR O'CLOCK P.M., all those cer- tain pieces or parcels of land and premises, known and distinguished as and being lots 50 and 51, in Logo D. Gibbs' subdivision in square numbered 777 # AUCTION SALES. TOMORROW. RATCLIFFE, DARR & CO., AUCTIONEERS. REGULAR SALE OF HOUSEHOLD FURNITURE, PIANOS, CARPETS, HORSES, CARRIAGES, BUGGIES, HARNESS, &c. On SATURDAY MORNING, JANUARY TWELFTH, at TEN O'CLOCK, we will sell at our sales rooms, 920 Penna. ave. n.w., A general collection of Household Goods. ALSO, At TWELVE O'CLOCK M., in front of the sales rooms, Horses, Buggies, Wagons, Sleighs, Har- ness, &c. SPECIAL. One Very Fine Coupe Rockaway, nearly new. Consignmerts for each department received up to the hours of sale. Telephobe 1282. 1t RATCLIFFE, DARR & CO., Aucts. WALTER B. WILLIAMS & CO., AUCTIONEERS. Our regular Saturday sale of Household Furni- ture, Carpets, Heating Stoves, China and Glass- ware and other miscellaneous articles, at our sales room, corner 10th st. and Penna. ave. n.w., TO- MORROW, JANUARY TWELFTH, commencing at TEN O'CLOCK A.M. ALSO, AT TWELVE O'CLOCK M., Horses, Carriages, Buggies, Harness, &c. Terms cash. 1t WALTER B. WILLIAMS & CO., Aucts. THOMAS DOWLING & CO., AUCTIONEERS, 612 E ST. N.W. REGULAR SALE OF HOUSEHOLD EFFECTS AT OUR AUCTION ROOMS TOMORROW (SATUR- DAY), JANUARY TWELFTH, 1895, COMMENC- ING AT TEN O'CLOCK A.M. ALSO 75 PAIRS WHITE AND GRAY BLANKETS, 5,000 CIGARS. ALSO, AT TWELVE O'CLOCK. HORSES, CARRIAGES, BUGGIES AND HARNESS. 1t # Horses. # Horses. AT PUBLIC AUCTION. S. BENSINGER, AUCTIONEER. WASHINGTON HORSE AND CARRIAGE BAZAAR, No. 940 LA, AVE. PEREMPTORY SALE OF SIXTY HEAD OF HORSES AND MARES. Messrs. Miller & Rhoads of Hummelstown, Pa., have consigned to us a car load of Horses and Mares, to be sold, within the bazaar, SATURDAY MORNING, JANUARY TWELFTH, at TEN O'CLOCK. This load consists of some extra work- ers and fine drivers. All have been selected with care from farmers in Lancaster county, especially to suit this market, and will suit for any kind of business, AND WILD BE SOLD TO THE HIGH- EST BIDDER, WITHOUT RESERVE. ALSO Will be sold twenty head of Horses and Mares, consigned to us from Philadelphia. In this lot are some horses and mares to suit any kind of business. CONTRACTORS, DEALERS, SHIPPERS, EX- PRESS MEN, COAL DEALERS AND THE PUBLIC GENERALLY ARE INVITED TO ATTEND THIS PEREMPTORY SALE, YOU WILL BE SURE TO FIND WHAT YOU WANT. ja10-2t S. BENSINGER, Auctioneer. C. G. SLOAN & CO., AUCTIONEERS, 1407 G ST. (Successors to Latimer & Sloan.) # An Immense Quantity of # Furniture at Auction within our rooms, 1407 G st., SATURDAY, JAN= UARY TWELFTH, 1895, At TEN A. M., COMPRISING THE ENTIRE CONTENTS OF A WELL-KNOWN RESIDENCE ON H STREET NEAR FOURTEENTH STREET, SUCH AS PAR- LOR SUITES, FOLDING BEDS OF ALL KINDS, CHAMBER SUITES IN GREAT VARIETY, ODD PIECES OF PARIOR AND CHAMBER FURNI- TURE OF ALL GRADES, SIDEBOARDS, EX- TENSION TABLES, DINING CHAIRS, RE- FRIGERATORS, MATTRESSES, PILLOWS AND BOLSTERS, TOILET SETS, MIRRORS, CAR- PETS, OFFICE FURNITURE, OIL CLOTHS, MATTINGS, ART SQUARES, EASY AND FANCY CHAIRS AND ROCKERS, HANGINGS, DRAP- ERIES, CHINA AND GLASS WARE, AND EVERYTHING NECESSARY FOR THE COM- PLETE FURNISHING OF A LARGE RESI- DENCE, TO WHICH HAS BEEN ADDED A LARGE QUANTITY OF NEW AND SECOND- HAND FURNITURE FROM OTHER SOURCES. AND, AT TWELVE M., AT FOURTEENTH AND NEW YORK AVENUE, HORSES AND CARRIAGES, &c. Terms cash. Ja10-2t C. G. SLOAN & CO., Aucts., 1407 G st. FUTURE DAYS. THOMAS DOWLING & CO., AUCTIONEERS, 612 E ST. N.W. TRUSTEES' SALE OF VERY VALUABLE IM- PROVED PROPERTY, BEING THE HAND- SOME RESIDENCE AND PREMISES NO. 1755 P STREET NORTHWEST, BETWEEN SEVEN- TEENTH AND EIGHTEENTH STREETS. By virtue of a deed of trust, dated September 30, 1890, and duly recorded in Liber 1535, folio 157 et seq., one of the land records of the District of Columbia, and at the request of the parties secured thereby, we will sell, in front of the premises, on WEDNESDAY, JANUARY TWENTY-THIRD, 1895, AT HALF-PAST FOUR O'CLOCK P.M., at public auction, part of sublots 61 and 62, square 156, fronting 20 feet on P street by a depth of 95½ feet to a 12-foot alley, improved by a modern three-


Article from The Seattle Post-Intelligencer, January 11, 1895

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DAKOTA'S BIG THE Treasurer Taylor Took a Sum When He Went East. HE IS NOW SAFELY HIDDER After the Storm Is Over and as Bank Have Stttled : WILL I / and Square Things With Then, Chicago, Jan. 10.-W. I. secretary of the Western and Irrigation Company, with this city, said today that he William Walter Taylor, the treasurer of South Dakota, who Taylor was in Chicago, January that time," said Mr. turned all of his assets over bondsmen. I am sure be than able to meet the deficiency in the stafe treasury. He tas for double the amount required, on account of the shrinkage will not be able to realize in once. The state will not loss I am sure Mr. Taylor has money with him, and, for that he got very litle of it originally. tain persons whose names care to mention, received of have been aware of the state wf lor's affairs for four weeks Who left Redfield in 1890 I resigned the sition of cashier in the First national bank of Redfield. of which % was president. We were clossly clated in business affairs, and we were warm friends he - concerning the state of affairs In he left Pierre. "Mr. Taylor called at my office during the last two weeks, and I think be callet again when I was not there. In the three months Taylor had made great forts to realize on assets consisting real estate and first mortgages amount of nearly $500,000. These have been turned over to the bundetus and the state will not lose a cant. a Taylor never speculated except too legit imate manner. The shortage upward of $300,000, $100,000 of which cash traced to the failure of the n tional bank of this city and other bests in which he had deposited state funds. "I do not know where Mr. Taple # now, and do not know how long mained in Chicago. He is not for any, and the only reason he left Plane to give his bondsmen an opportunity to realize on his assets and arrange : ters." Pierre, S. D., Jan. 10.-The attorney eral has brought suit on the head Treasurer Taylor. It is understand the bond will be contested. Ex-Get. Mallets, who justified for $50,000, wires that be = be here tonight and will straighten the shortage. As his proportion, however, only 10 per cent. of the shortage, the state officials do not place much reliance It is believed Taylor is in hiding to East. It is known that when be left had fully $250,000 in cash and he casis have drawn in New York $100,000 BE believed that he has certain confederate who are keeping him advised of the R ceedings. A strong attempt is being here to throw doubt on the validity bonds, and it is suspected that the you is to force the state into & compress with the bondsmen for a moderate and then, when a settlement is completed and Taylor is promised Immunity, to make good the losses of his bondsmen. All sorts of rumors have been set the here by Taylor's friends to provent right prosecution. It is said by them the shortage was due to the liberality which he supported various banks the panic and received notes on which # had realized nothing. The state officials are makies attending efforts to raise sufficient cash to the various state institutions running and a peremptory call for taxes to pected to produce enough to ride OFF the difficulty for some time, but the auditor feels positive that South Dakes must default on the bond Interest in uary. Meanwhile every effort . being made to apprehend Taylor. Redfield. S. D., Jan. 10.-Bank Erande Zimmerman is busy at the books of First National bank. He says take a week to learn the exact the business. The general opinion vorable to allowing the bank ganize and reopen for business. have been rife today that Taylor complices with him here to work. If he went to New surmised that he may have some unknown port. He has in-law who commands a from that city. The New York Trust Company, of which Tayle president, is certainly defunct. to Tacoma. Jan. 10,-William absconding state treasurer of South kota, has many acquaintances leader state who knew him as the Redfield forces in the famous field contest over the location of ty seat of Spink county, South eight years ago. Taylor invested money in realty in this state. his acquaintances think he lost the New York stock market, as . heavy was warmest friends too there. They say he went Into projects to keephis money together. Pierre, S. D., Jan. 10.-Deputy Burrington today received from


Article from The Manning Times, January 16, 1895

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# Bankrupting a State, PIERRE, S. D., Jan. 9.--State Treasurer Taylor, who should have turned over his cash to his successor yesterday, failed to appear and his bank, the Redfield National Bank, has closed its doors. When last heard of Taylor was in New York. On Saturday he should have had $350,000, and should have paid $190,000 Saturday to take up funding warrants in New York. His bonds are $350,000, but will stand 50 per cent. shrinkage. It has been known for some time that Treasurer Taylor was hard pressed. He was caught in the Chemical National Bank failure at Chicago for a large amount and he lost $20,000 in the bank at Milbank, and $10,000 in that at Geldsberg, which failed during the panic. Altogether he lost $100,000. The First National Bank at Redfield, Taylor's bank, closed its doors yesterday. The bank is in good condition and it is thought will pay all its debts. The banks at Pierre will not lose anything. If the defalcation is as large as the bondsmen believe, it will place the State in a very embarrassing position. No warrants or bonds can be sold, and there is a considerable deficiency in the revenue. Without this it would have been a difficult problem to make both ends meet; now it is impossible. Taylor has always had a reputation as a financier and a man of integrity. The school fund may lose $50,000.


Article from Union County Courier, January 17, 1895

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The State Treasurer Missing, Redfield, S. D., Jan. 9.-Special: The most startling failure that has ever occurred in South Dakota or the northwest was revealed this morning in the news received from Wm. Walter Taylor, the Catgoing state treasurer. and president of the First National bank and the Northwestern Mortgage Trust company, of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurerelect Phillips, of Deadwood. The news and the closing of his bank here came like a thunder clap from a clear sky, because both Taylor and the financial institutions with which he was connected were regarded as solid and reliable beyond question. News from Pierre shows that no money is held there to the credit of the state treasurer, and none is held in the bank here. It is estimated that about $350,000 is missing with Taylor. Aside from the financial loss the action of Taylor is a shock to all who have known and done business with him and the financial enterprises with which he has been connected in past years. He and his enterprise here have handled many thousands of eastern capital, and his bank here has always been regarded as one of the safest institutions in the state. On Tuesday morning his bank opened for business as usual. Cashier F. W. Humphrey informs The correspondent that the bank held 50 per cent. of its deposits in cash and in bonds of approved reserve agents east. There was a quiet run on the bank Tuesday by parties who had their auspicions aroused by private information from Pierre that Taylor had not shown up there and that something was wrong. Claims Depositors Are Safe. The bank officials decided to close the Institution subject to examination by the comptroller of the currency, and that official was notified at once. The action was taken for the protection of the bank and its many depositors Cashier Humphrey declares that depositors will be paid In full as soon as the government examiner concludes his examination, as there is an excess of fully $60,000 in good paper and besides 40 per cent. deposited in other banks The bank here is not comproraised financially by Taylor's defalcation. It is stated authoritatively that after the examination of the bank and its credit is restored it will reorganize and open up for business. Taylor was last seen in Chicago on Jahuary 4 by a citizen of this place He went from Chicago to New York, since which time no information has been received as to his whereabouts, and it is not known whether the state or his bondsmen have been protected in any way or not by him. No bank elsewhere is involved. Pierre Banks were suspicious of Taylor's absence and withdrew their deposits from the bank here before it closed. A Tell Tale Letter. The following letter was received Wednesday morning, January 9, under date of January 6, by the bank here. The envelope was postmarked New York, January 6. It will throw Shportant light upon the matter and settle all doubts as to Mr. Taylor's disappearance: "Dear Frank: I am compelled to inform you that I will not return to Redfield or Pierre. I have counted on fflands assisting in making up my settlement with the state, and felt that it would be done until the last few days. I feel relieved to know that the First National of Redfield is not in any way rightfully compromised by my misfortunes, and hope that its patrons will believe you, as they should, for you have kept the bank's affairs in a good, safe condition There is no reason why the bank should not continue its business. I offer no excuses for my condition, although I have many, and believe myself. Yours truly, "W. W. Taylor.' It develops that a plaster mortgage reached Redfield Wednesday morning and was duly filed in the register of deed's office transferring to a company in Chicago all his real estate and chattels in this city and Spink county. Next to the state the blow falls terribly hard on his principal bondemen, who reside here. They qualified in sums representing all they have in the world. The entire city used the bank for a depository, hence the news has paralyzing effect on everyone. Taylor is about 41 years old, married. but has no children. He came to RedHeld from Lafayette, Ind., about the of 1885 and opened up a banking liness. He soon secured the ontire fixed, two banks here going out of business. Taylor got into polities and Becured the nomination for state treasurer at the republican convention at Mitchell in 1890, and in 1892 secured the renomination for the same office at Madison. As an indication of his gen. eral standing heretofore in the state and the utter lack of suspicion as to any questionable designs it is noted that Gov. Sheldon pays a compliment to Taylor's efficiency in his message to the legislature. Comptroller Eckels has wired that Examiner Zimmerman has been ordered to come here at once and take charge of the bank. Excitement at Pierre. Pierre, Jan. 9.-Special: The Taylor defalcation has absorbed all interest here. It is learned that the only state money to be found is $15,000 in Taylor's


Article from Hot Springs Weekly Star, January 18, 1895

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OFFICIALS STUNNED. GETS AWAY WITH SOMETHING OVER $350,000. No One Had an Inkling of the State of Affairs-Has Bank at Redfield Closed, but It Is Claimed that Depositors Will Lose Nothing-Not Seen In New York for "Weeks, Missing 91838 "4" Redfield, S. D., Jan. 9.-Special: The anost startling failure that has ever occurred in South Dakota or the northwest was revealed this morning in the news received from Wm. Walter Taylor, the outgoing state treasurer. and president of the First National bank and the Northwestern Mortgage Trust company, of this city, that he would not appear to make his settlement at Pierre with his successor, Treasurer elect Phillips, of Deadwood. The news and the closing of his bank here came like a thunder clap from a clear sky, because both Taylor and the financial institutions with which he was connected were regarded as solid and reliable beyond question News from Pierre shows that no money is held there to the credit of the state treas. urer, and none is held in the bank here. It is estimated that about $350 000 is missing with Taylor. Aside from the financial loss the action of Taylor is a shock to all who have known and done business with him and the financial enterprises with which he has been connected in past years. He and his enterprise here have handled many thousands of eastern capital, and his bank here has always been regarded as one of the safest institutions in the state. On Tuesday morning his bank opened for business as usual. Cashier F. W. Humphrey informs The correspondent that the bank held 50 per cent. of its deposits in cash and in bonds of approved reserve agents east. There was a quiet run on the bank :Tuesday by parties who had their sussipicions aroused by private information [from Pierre that Taylor had not shown up there and that something was wrong Claims Depositors Are Safe. The bank officials decided to close the Institution subject to examination by the comptroller of the currency, and that official was notified at once. The action was taken for the protection of the bank and its many depositors Cashier Humphrey declares that depositors will be paid in full as soon as the government examiner concludes his examination, as there is an excess of fully $60,000 in good paper and besides 40 per cent. deposited in other banks. The bank here is not compromised financially by Taylor's defalcation It is stated authoritatively that after the examination of the bank and its credit is restored it will reorganize and open up for business. Taylor was last seen in Chicago on January 4 by a citizen of this place Hs went from Chicago to New York, since which time no information has been received as to his whereabouts, and it is not known whether the state or his bondsmen have been protected in any way or not by him. No bank elsewhere is involved Pierre banks were suspicious of Taylor's absence and withdrew their deposits from the bank here before it closed. A Tell Tale Letter The following letter was received Wednesday morning, January 9, under date of January 6, by the bank here. The envelope was postmarked New York, January 6. It will throw important light upon the matter and settle all doubts as to Mr. Taylor's disappearance "Dear Frank: I am compelled to in form you that I will not return to Redfield or Pierre have counted on friends assisting in making up my settlement with the state, and felt that it would be done until the last few days. I feel re lieved to know that the First National of Redfield is not in any way rightfully compromised by my misfortunes, and hope that its patrons will believe you, as they should, for you have kept the bank's affairs in a good, safe condition There is no reason wh" the bank should not continue its business. offer no ex cuses for my condition, although have many, and believe myself. Yours truly, M M It develops that a plaster mortgage reached Redfield Wednesday morning JO requirer the up pelp sinp SBA pus deed's office transferring to a company in Chicago all his real estate and chattels in this city and Spink county Next to the state the blow falls terri bly hard on his principal bondsmen, who reside here. They qualified in sums representing all they have in the world. The entire city used the bank for a depository hence the news has paralyzing effect on everyone Taylor is about 41 years old, married but has no children He came to Red field from Lafayette, Ind., about the bankling 8 dn peuado puB 1881 JO IIUI business He soon secured the entire field, two banks here going out of busi ness Taylor got into politics and secured the nomination for state treas urer at the republican convention at Mitchell in 1890, and in 1892 secured the renomination for the same office at Madison. As an indication of his gen eral standing heretofore in the state and the utter lack of suspicion as to any questionable designs it is noted that Gov. Sheldon pays a compliment to Taylor's efficiency in his message to the legislature Comptroller Eckels has wired. that Examiner Zimmerman has been ordered to come here at once and take charge of the bank. Excitement at Pierre. Pierre, Jan. 9.-Special: The Taylor defalcation has absorbed all interest here. It is learned that the only state money to be found is $15,000 in Taylor's bank at Redfield and $16,000 in a bank at Pierre. Everything else, amounting to $370,000, has gone. Word has been received from the Chase Na000'08$ and this YOUR MeN 18 queq [uuop


Article from St. Paul Daily Globe, January 22, 1895

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Ward or Crane. Special to the Globe. WASHINGTON, Jan. 21.-Either James A. Ward or B. A. Crane will be appointed permanent receiver of the First National Bank of Redfield, South Dakota. Comptroller Eckels received a lengthy petition today from Redfield asking for Crane's appointment. Gilbert G. Thorn, of St. Paul, bank examiner for Minnesota, is here in consultation with the comptroller of the currency over several banks recently examined by him.


Article from The Abbeville Press and Banner, January 23, 1895

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STATE TREASURERS SHORT W. W. TAYLOR, OF SOUTH DAKOTA, A DEFAULTER. It is Alleged That More Than $350,000 is Missing The State is Practically Bankrupt-The Treasurer Loaned the State Money and Could Not Get It Back. Probably the most startling failure that has ever occurred in the Northwest. was revealed when William Walter Taylor, the outgoing State Treasurer and President of the First National Bank and Northwestern Mortgage Trust Company, of Redfield, South Dakota, sent word from New York that he would not appear to make his lettlement at Pierre with his successor, Treasurer-elect Phillips, of Deadwood. Both Taylor and his financial institutions were regarded as firm and reliable beyond ques:ion. No money is held either at Redfield or in Pierre to the credit of the State Treasurer, and it is estimated that about $350,000 is missing with Taylor. There was a quiet run on the bank by parties who had their suspicions aroused, and the bank officials decided to close the bank subject to examination. Cashier Humphrey declares that depositors will be paid in full, as there is an excess of fully $60,000 in good paper, besides about forty per cent. deposited in other banks. The worst blow talls upon Taylor and his bondsmen, many of them leading business. men of Redfield. Taylor was last seen in Chicago, and thence went to New York. In his letter from New York he says: "I am compelled to inform you that I will not return to Redfield or P.erre. I have counted on friends assisting me in making up my settlement with the State, and felt that it would be done until the last few days. I have no excuse to offer for my condition, although I believe I have many." It has been known for some time that Treasurer Taylor was hard pressed. He was caught in the Chemical National Bank tailure of Chicago for a large amount, and lost $22,000 in the bank at Milbank, and $10,000 in that at Gettysburg, which failed during a panic. Altogether he lost $100,000. Taylor has always had a high reputation as a financier and a man of integrity. The school fund may lose $50,000. The whole State is torn up over the defalcation. State officers are paralyzed. and no one knows either the amount taken or the method used. It is utterly impossible to tell anything about the amount. There are no records to show where the money is deposited. Taylor should have had on hand $346,000. He had set aside $190,000 to pay warrants which were due in New York. Three weeks ago Taylor went to New York, and it is understood that he has been trying to raise money to cover the shortage. His father is very wealthy and his connections are so influential that it is 8 surprise that he could not flx matters up. Mr. Taylor, Sr., is in Pierre, as is ex-Governor Mellett, who was the chief bondsman. Other bondsmen are Speaker Howard and Bob McCoy. of Aberdeen. The total bond was $350,000. If it is a large defalcation, as the bondsmen appear to believe, it will place the State in a very embarrassing position. The limit of indebtedness has been passed largely. No paper or bonds can be sold, and there is a deficiency in revenue. It is now impossible to make both ends meet.


Article from The Madison Daily Leader, January 24, 1895

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According to a Washington dispatch, Comptroller Eckles has received a petition largely signed by the depositors of the First National bank of Redtield, S. D., asking him to appoint Z. A. Crane permanent receiver. He will decide between Crane and Jas. A. Ward within a few days.


Article from The Madison Daily Leader, March 1, 1895

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Receiver for Taylor's Bank. WASHINGTON, March 1.-Comptroller Eckels has appointed R. W. Bourne of New York permanent receiver for the First National bank of Redfield, S.D. Mr. Bourne will take charge of the institution early next week.


Article from Little Falls Weekly Transcript, March 1, 1895

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Receiver for Taylor's Bank. WASHINGTON, Feb. 28.-Comptroller Eckels has appointed R. W. Bourne of New York permanent receiver for the First National bank of Redfield, S. D. Mr. Bourne will take charge of the institution early next week.


Article from The Princeton Union, August 15, 1895

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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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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