20492. First National Bank (Sioux Falls, SD)

View Charter #2465 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2465
Charter Number
2465
Start Date
January 15, 1886
Location
Sioux Falls, South Dakota (43.550, -96.700)

Metadata

Model
gpt-5-mini
Short Digest
afc692d1

Response Measures

Accommodated withdrawals, Books examined

Other: Receiver appointed; bank placed in insolvency and assets seized by sheriff.

Receivership Details

Depositor recovery rate
68.6%
Date receivership started
1886-03-11
Date receivership terminated
1897-04-05
OCC cause of failure
Excessive lending
Share of assets assessed as good
25.5%
Share of assets assessed as doubtful
72.5%
Share of assets assessed as worthless
2.0%

Description

A heavy run occurred Jan 15, 1886 after an attachment suit and alleged cashier/treasurer defalcation; the bank temporarily closed/reopened briefly but continued heavy withdrawals. By March 1886 a receiver (J. Leslie Thompson) was appointed and the bank was declared insolvent and remained in receivership (permanent closure).

Events (5)
1. March 15, 1880 Chartered
Source
historical_nic
2. January 15, 1886 Run
Cause
Bank Specific Adverse Info
Cause Details
Attachment suit by Sioux Falls National over a $16,000 cashier's check and suspected defalcation by county treasurer C.K. Howard and possible scheme to cover up embezzlement; bank-specific credibility/solvency concerns triggered withdrawals.
Measures
Officers gave bonds and reopened the doors in ten minutes; bank paid out and stated it had sufficient funds to tide over.
Newspaper Excerpt
A heavy run was made on the First National bank of this city, yesterday, caused by the closing of the bank on an attachment issued by the Sioux Falls National ... The officers gave bonds promptly and the doors were reopened in ten minutes. The run then began and continued through yesterday and to-day but the bank continues to pay off and state they have sufficient funds to tide them over.
Source
newspapers
3. March 9, 1886 Other
Newspaper Excerpt
The national bank examiner has been making an examination of the First National, and it is understood that he will recommend that a receiver be appointed for the bank.
Source
newspapers
4. March 11, 1886 Receivership
Source
historical_nic
5. March 12, 1886 Receivership
Newspaper Excerpt
The acting comptroller of the currency yesterday appointed J. Leslie Thompson, of Vanderbilt, Dak., to be receiver of the First National Bank of Sioux Falls, Dak., which bank is reported to be insolvent.
Source
newspapers

Newspaper Articles (17)
1. January 22, 1886 The Mitchell Capital Mitchell, SD
Article from The Mitchell Capital, January 22, 1886

Click image to open full size in new tab

Article Text

TROUBLE AT SIOUX FALLS Full Particulars of the Financial Difficulties. One National Bank Sues Another for $16,000. SIOUX FALLS, Dak. Jan. 15.-A heavy run was made on the First National bank of this city, yesterday, caused by the closing of the bank on an attachment issued by the Sioux Falls National because of the non-payment of a check given by the cashier of the former bank to C. K. Howard, county treasurer, It has been the general supposition for some time that Howard was behind in his accounts. When the board of county commissioners were settling with the treasurer Wednesday, he was requested to produce the cash balance of $27,000. Howard stated the money was in the First National bank where he had been depositing the county funds for years, but that was not satisfactory, and the board insisted that he must bring the money to them. Whereupon Howard went to and brought the $27,000 including the cashier's check payable to the order of C.K. Howard for $16,000. Howard endorsed the check and turned it over to the commissioners, who, instead of going to the First National, went to the Dakota National to deposit the whole amount, but the check was declined. They then went to the Sioux Falls National where the check was accepted, but when the cashier of the Sioux Falls National presented the check to the First National, payment was refused, saying Howard had drawn on Chicago and the drafts were refused but had been previously passed to his credit. Whereupon the Sioux Falls National brought suit against the First National to recover the $16,000 and the bank was closed under attachment. The officers gave bonds promptly and the doors were reopened in ten minutes. The run then began and continued through yestrday and to-day but the bank continues to pay off and state they have sufficient funds to tide them over. It is not believed that Howard had any such amount of credit at the First National but the bank furnished Howard's bond and it is thought the issuing of the $16,000 check was a scheme to cover up the defalcation,

2. March 9, 1886 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, March 9, 1886

Click image to open full size in new tab

Article Text

inspection in the city of mud, but, like everything se in Iowa, they did not average up to Dakota horses and Mr. Kincel would not accept them. He returned to Yankton last night. Campbell & Van Antwerp's business card appears in the Press and Dakotaian. These gentlemen have recently formed a partnership in the law, loan, real estate and abstract business and the combination is a strong one. Judge Campbell has few superiors as a lawyer and Mr. Van Antwerp is a gentleman of long and successful experience in the other branches of their business. Blanks for keeping records of birthe, marriages and deaths in Yankton county have been placed in the hands of Dr. Turkopp, county coroner, for distribution among the midwives, ministers and physicians of the county. The law requires that these records be kept and prescribes a penalty for neglect. Semiyearly reports must be made to the coroner and the next report falls due July 1st. Several members of the ferry company are said to be preparing to commence suit against the!company for a loan of forty dollars each made a year or so ago to the company and still remaining unpaid. 836 pound; cheese, 7,970 pounds; hay, 65,900 tons; sheep, 15,180; hogs, 55,740; cattle, 29,000. Forty-two thousand two hundred and fifty barrels of flour was manufactured in the county during the year and 4,575,000 feet of lumber and 2,500,000 brick used in improvements. Judge Tripp was induced to stop at Sioux Falls yesterday and listen to the arguments for and against the attachment suit of the Sioux Falls National against the First National. The arguments were begun at seven o'clock p. m. snd continued during a greater portion of last night. The national bank examiner has been making an examination of the First National, and it is understood that he will recommend that a receiver be appointed for the bank. This will relieve Judge Tripp to some extent. Rev. Mr. Clapp addressed the large congregation at the Congregational church last evening from the text, "choose ye to-day whom ye will serve," a theme which was the basis of a powerful effort in behalf of the conversion of his hearers. Mr. Herald and the choir rendered soul stirring music, during which a dozen converts arose and recorded their names among the saved. This evening at the church will be devoted to special song service, with enough of the efforts of the pastor to second the work of Mr. Herald and his choir. Harry Wynn, who returned last night from an eastern purchasing trip, started Yanktonward a large cargo of hardware and tin stock which will arrive in a few days and will be placed in his wholesale store. Mr. Wynn has bought a stock which is as complete as any to be found west of the Mississippi and in entering upon the wholesale trade he is prepared to offer the most tempting advantages to customers.

3. March 11, 1886 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, March 11, 1886

Click image to open full size in new tab

Article Text

water supply as wellas for tion. Grand Forks has just organized a farmers' hail insurance company and subscribed $75,000 stock. A new insurancecompany called the Dakota Mutual Live Stock association has been organized with headquarters at Redfield. Citizens of Crandon propose to petition the Northwestern railroad to keep the price of wheat in that town as high as at competing places. A delegation from the Turtle Mountain band of Chippewas are en route for Washington to plead their claims to the Devil's Lake land district. Surveyors find that the shack of the murdered man Lenz is on the Fort Rice reservation, hence his assailants must be tried- in the United States court. It is reported the Milwaukee road will be extended thirty-six miles west of Ipswich. Frank W. Allen has resigned as superintendent of the Caledonia mine, and is succeeded by T. L. Skinner, heretofore attorney for the company La Moure county commissioners have been ordered to show cause why they should not reimburse Stutsman county for the former's proportion of court expenses. The Yankton flax tow bleaching works are ready to begin operations. First National Bank of Sioux Falls is seized under an attachment in a suit brought by the Sioux Falls National bank. Moses Kauffman is reported to have left New Salem, leaving a good many business claims unsatisfied. Sioux Falls brokers, having been severely bitten lately, refuse to lend money on chattel mortgages. Charles L. Pool, aged nearly one hundred years, has located a claim in the Devil's Lake region. At Sioux Falls the other day Judge Palmer decided that the court had no jurisdiction to disbar a physicianfrom practice. Some of the citizens in Watertown and farmers in Codington county have formed a joint stock company for the purpose of holding county fairs. The limit of the capital stock is $10,000. Attorney Bosard says Treasurer Holman's books at Lakota were kept fraudulently from the beginning. It is also allegged that Holman's accounts ave been short for nearly a year. Hon. J. H. King has sent in his resignation as postmaster at Chamberlain. Extensive gypsum beds are being opened at Buffalo Gap. Col. Wilbur F. Steele of Northern Dakota was taken suddenly ill with an affection of the heart while in attendance on the meeting of the house publiclands committee in Washington. Mr. and Mrs. Dunning of Leola were found insensible a few mornings ago from coal gas which had escaped from a hard coal burner, and were barely saved from death Rapid City has voted for the purpose of having Rapid creek straightened at that place. There will be many acres of land reclaimed and less damagefrom freshets. The two prisoners confined in the Steele jail-one for arson and the other for murder-were caught hiding a caseknife and submerging it in water to harden it for the purpose of sawing their way out of jail. An indictment has been found against the parties who tarred and feathered W. H. Fulmer at Plankintom last summer. Thomas Fish, at Valley City, was bound over to the criminal court, charged with outraging a thirteenyear-old girl. Canton will vote in April on the proposition of bonding the city for $7,000 to put in a system of water works. L. Horton was appointed postmaster at Elizabeth, vice Cragor declined; and K. J. Husevald at Cyrur, vice Oleson. removed. The Redfield Rifles have ordered new uniforms at a cost of $850. C. K. Howard has been indicted in Lincoln county, charged with bringing diseased Texas cattle into the territory. Pennington county will vote on a proposition to bond the county for $15,000 for a jail at Rapid. Lewis Olsen, general merchandise at Caledonia, has assigned with liabilities of $9,000. A medical journal is to be published at Mitchell by Dr. Andros and Dr. Sevey. George Woolsie, fifteen years of age, was found dead on a ranch in Fall River county. He was in charge of stock, and is supposed to have accidentally shot himself. At the preliminary hearing of Cummings and the Byer brothers. the alleged horse thieves from Wyoming, at Ellendale, they were discharged. In the absence of Rev. A. P. Jones, the preacher, at Frankfort, Spink county, on a recent Sunday, his wife preached a sermon, and the congregation now want the male to Jones stay away all the time, or let his wife do W the preaching. Creditors of Michael Mead, Luverne, has taken steps to declare him insolvent. The grand jury at Huron has found indictments against John Blair and Charles Hitchcock, county commissioners during the time the court house was being built, for the misappropriation o

4. March 11, 1886 The Bad Lands Cow Boy Little Missouri, Medora, ND
Article from The Bad Lands Cow Boy, March 11, 1886

Click image to open full size in new tab

Article Text

Citizens of Crandon propose to petition the Northwestern railroad to keep the price of wheat in that town as high competing places. A delegation from the Turtle Mountain band of Chippewas are en route for Washington to plead their claims to the Devil's Lake land district. Surveyors find that the shack of the murdered man Lenz is on the Fort Rice reservation, hence his assailants must be tried in the United States court. It is reported the Milwaukee road will be extended thirty six miles west of Ipswich. Frank W. Allen has resigned as superintendent of the Caledonia mine, and is, succeeded by T.L. Skinner, heretofore attorney for the company. La Moure county commissioners have been ordered to show cause why they should not reimburse Stutsman county for the former's proportion of court expenses. The Yankton flax tow bleaching works are ready to begin operations. First National Bank of Sioux Falls is seized under -an attachment in a suit brought by the Sioux Falls National bank. Moses Kauffman isreported to have left New Salem, leaving a good many business claims unsatisfied. Sioux Falls brokers, having been severely bitten lately, refuse to lend money on chattel mortgages. Charles L. Pool, aged nearly one hundred years, has located a claim in the Devil's Lake region. At Sioux Falls the other day Judge Palmer decided that the court had no jurisdiction to disbar a physician from practice. Some of the citizens in Watertown and farmers in Codington county have formed joint stock company for the purpose of holding county fairs. The limit of the capital stock is $10,000. Attorney Bosard says Treasurer Holman's books at Lakota were kept fraudulently from the beginning. Itis also allegged that Holman accounts have been short for nearly a year. Hon. J. H. King has sent in his resignation as postmaster at Chamberlain. Extensive gypsum beds are being opened at Buffalo Gap. Col. Wilbur F. Steele of Northern Dakota was taken suddenly ill with an affection of the heart while in attendance on the meeting of the house publiclandscommitteein Washington. Mr. and Mrs. Dunning of Leola were found insensible a few mornings ago from coal gaswhich had escaped from a hard coal burner, and were barely saved from death. Rapid City has voted $8,000 for the purpose of having Rapid creek straightened at that place. There will be many acres of land reclaimed and less damage freshets. The two prisoners confined in the Steele jail-one for arson and the other for murder-were caught hiding a caseknife and submerging t in water to harden it for the purpose of sawing their way out of jail. An indictment has been found against the parties who tarred and feathered W.H. Fulmer at Plankinton last summer Thomas Fish, at Valley City, was bound over to the criminal court, charged with outraging a thirteen year-old girl. Canton will vote in April on the proposition of bonding the city for $7,000 to put in a system of water works. L. Horton was appointed postmaster at Elizabeth, vice Cragor declined; and K. J. Husevald at Cyrur, vice Oleson. removed. The Redfield Rifles new uniforms at a cost of $850: C. K. Howard has been indicted in Lincoln county, charged with bringing tory. diseased Texas cattle into the terriPennington county will vote on a proposition to bond the county for $15,000 for a jail at Rapid. Lewis Olsen, general merchandise at Caledonia, has assigned with liabilities of$9,000. A medical journal is to be published at Mitchell by Dr. Andros and Dr. Sevey. George Woolsie, fifteen years of age, was found dead on a ranch in Fall River county. He was in charge of stock, and is supposed to have accidentally shot himself. At the preliminary hearing of Cummings and the Byer. brothers, the alleged horse thieves from Wyoming, at Ellendale, they were discharged. In the absence of Rev. A. P. Jones, the preacher, at Frankfort, Spink county, on a recent Sunday, his wife preached a sermon, and the congregation now want the male to Jones stay away all the time, or let his wife do the preaching. Creditors of Michael Mead, Luverne, solvent. has taken steps to declare him in-

5. March 12, 1886 National Republican Washington, DC
Article from National Republican, March 12, 1886

Click image to open full size in new tab

Article Text

EXECUTIVE INFORMATION. The acting comptroller of the currency yesterday appointed J. Leslie Thompson, of Vanderbilt, Dak., to be receiver of the First National Bank of Sioux Falls, Dak., which bank is reported to be insolvent. The total values of the exports of domestic breadstuffs during February, 1886, were $10,104,431, and for the eight months ended Feb. ruary 28, 1886, $72,510,987; similar exports during the corresponding periods of the preceding year being $12,747,212 and $110,320,132. The exports of domestic cotton from the United States during February, 1886, were 362.883 bales, and during the six months ended Feb. 28, 1886, 2,925,850 bales: exports during the corresponding periods of the preceding year being 279,727 and 3,135,614 bales, respectively. Bids for masonry, iron work, &c., to complete the engine house, pipe tunnel, and shaft floor of the Washington monument were opened yesterday. All the bidders were from Washington. The bid of Halliday & Wilson was the lowest, being $6,637.20, which was nearly one-half of the highest amount bid. New postoffices have been established at the following points in Virginia: Ancella, Grayson county, between Potato and Bridle creek; Gig, Lunenburg county, between Lochlewen and Olo; Hardenburg, Spottsylvania county. be. tween Partlows and Spring Level, and Otterdale, Chesterfield county, between Hallsborough and Midlothian.

6. March 15, 1886 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, March 15, 1886

Click image to open full size in new tab

Article Text

The actin comptroller of the ourrency has appointed J. Leslie Thompson, of Vanderbilt, Dakota, to be 16ceiver of the First National bank, of Sioux Falle, Dakota.

7. March 18, 1886 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, March 18, 1886

Click image to open full size in new tab

Article Text

Semi-Local Clippings, Grand View Tribune: F.C. Morgan, D. Isbell, A.J. Smith and C. J. Irwin passed through Grand View yesterday on their way home from Yankton. Diana Monitor: Yankton has a dog that belongs to Mr. R. W. Burns who invariably scents a fire, even although several blocks distant and by his sharp barks gives the alarm, often before it is discovered by others. Huron Huronite: Mail service on the Northwestern railroad out of Yankton was put on yesterday. If they will so arrange it as to give us the Press and Dakotaian a day earlier, it will be regarded & favor entitling the management to the gratitude of this office. Woonsocket Times: Judge Tripp is sustaining as a judge, the high reputa tion he so justly deserved and was ao corded, as the foremost attorney in the territory Mrs. J. D. Washburn, stenographer in Judge Edgerton's court, acceptably fills the same position under Judge Tripp. Sioux Falls Press: "J. W. Yates of Salina, Kas, is now in Sionx City for B the purpose of securing is contract for putting down sidewalks. The gentlef man bas made arrangements to put down sidewalks, crossings and gutters in Yankton and will visit Sionx Falls shortly to see about getting stone for that work." a Concerning the present condition of the First National bank at Sionx Falls the Press has the following: The sheriff moved out of the bank yesterday and took the cash with him. It is hoped that an arrangement will be made which will allow the bank's e affairs to be settled up without the intervention of the receiver. That gentleman, by the way, has not been heard d from yet, and has given no indication of being in the land of the living, to be 1say nothing of the land of promise.

8. March 24, 1886 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, March 24, 1886

Click image to open full size in new tab

Article Text

The receiver appointed for the First National bank of Sioux Falls has reached that point and expresses the hope that the matter can be settled to the satisfaction of all concerned and that if the parties are able the bank will be set on its feet again. Mr. Thompson was engaged at his stock farm in Campbell county, Dakota, where he received no. tice of his appointment, which came to him through personal acquaintance with the comptroller.

9. April 7, 1886 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, April 7, 1886

Click image to open full size in new tab

Article Text

Paily Press mad Dakotaian The Milwankee & St. Paul earnings for March were $2,034,000, a decrease of of $47.070, judge McConnell, one of the members of the supreme bench of the territory, is is but 35 years of age. The Jamestown insade asylum is supplied with the Edison svstem of electric light, which Dr. Archibald says gives entire satisfaction. It is reported that one hundred and eighty-five families from one single county in Kentucky will emigrate to Dakota this ceason. Sioux Fall Argus: The property of the First National Bank was turned over to the receiver by the sheriff yesterday. It consists of notes and ther securities to the amount about $10,000 and cash to the [amount $4,375.50. Matt Gering, formerly of Elk Point, but for several years past a clerk in a government office at Washihgton, is a candidate for appointment to the office of assistant United States attorney of Dakota, and is in the territory looking up his chances. Pierre Free Press: The Free Press is pleased to note that the effort of Dele: gate Gifford in the enterest of his constituents are appreciated and that so many of our exchanges contain kind and complimentary notices of him. Mr. Gifford is a representative of whom Dakota may well be proud. He enjoys in & high degree the confidence and respect of his brother members of congress and his wishes are respected. It 18 the common remark of Dakotaains in Washing ton that his conduct of the office he holds is all that could be desired. Do you know by taking the great Chicago & Northweastern railroad you can make quicker time to Ohicago, Min neapolis, Council Bluffs and all point east and west than you can by any other road from this city. Passengers by this line avoid all the inconveniences o o nnibus transfer at Sioux City. Two through trains daily leaving at 6 a. m and 1:40 p.m. Leaving by the 6 a. m train you have the entire day in Chicago and then make the same connection eas that you do by other lines which leave here at 8 a. m. Leaving here at 1:40 p m. you arrive in Chicago the next even ing at 6:51 p.m. with plenty of time to make connections with evening train east and south. Tickets for California points as cheap as by any other lim and all changes made in our own depots which cannot be done if you purchas irom the other lines leaving this city For forther information apply to th agent of the Obicago & Northweaster railroad at their depot. Office oper from 5:30 6. m. to 10:15 p.m.

10. October 1, 1886 Wessington Springs Herald Wessington Springs, SD
Article from Wessington Springs Herald, October 1, 1886

Click image to open full size in new tab

Article Text

DAKOTA NEWS. -A public library has been opened at Ipswich. --Crosswalks of marble are being laid in Deadwood. -The Milwaukee has put in two steam pumps at Milbank. The tax levy in Pennington County this year is 16 mills. -The money order business of the Fargo postoffice is immense. -The tax levy of Lawrence County is nearly double that of Pennington. A large number of counterfeit 10-cent pieces are in circulation in the Territory. -The Yankton City Council has ordered the purchase of twelve new street lamps. --The Fargo schools were obliged to close one day recently on account of the cold. -Eighty thousand acres of railway lands in Barnes County have not paid survey fees. -A fine body of ore has Intely been discovered in the Queen Bee Mine near Hill City. -Sionx Falls expects to save $15,000 on coal alone, on the advent of the Burlington road. -A plan is on foot to connect Rapid City and Lead City by a narrow-gaugerail. road. -The Ipswich roller mill is now using straw for fuel, for which they pay $1 per load. -The house of William Zanszewskie, of Ordway, was burned to the ground. Loss, $1,800. -Fargo is considering the advisability of altering her roller skating wink into an opera house. -The name of the postoflice at Loyalton, Edmunds County, has been changed to Vermont City. -John L. Green has been appointed postmaster at Bathgate, vice James A. Armstrong, resigned. -Hermosa is congratulating herself on her flattering prospects of having a $20,000 flouring mill soon. -An unusal amount of sickness prevails at Ipswich. which, it is believed, is caused by the filthy streets. -A Devil's Lake man recently walked seventy-five miles in order to pay a note when it became due. -Miss Etta McCormack is a candidate for the office of superintendent of schools in Minnehaha County. -Settlers in Hyde County are putting in claims against the railroad company for losses by prairie fires. -The Black Hills people have registered a vigorous kick against the heavy freight rates they have to pay. -A Deadwood Chinaman recently drew a $1,000 prize in a San Francisco lottery upon an invest of $1.25. -One of the Fargo militia companies is to be disbanded for not attending the militia encampment at Aberdeen. -Daniel Vol Sol was recently discharged from the Sioux Falls Penitentiary, having served out a three years' sentence. -Juage Church has decided that County Commissioners have no right to employ additional counsel to prosecute criminal cases. -Artuur C. Phillips, of Sioux Falls, will represent the Odd Fellows of that city at the coming meeting of the Sovereign Lodge in Boston. -Ralph French, son of ex-Chief Justice French, who was in Sioux Falls recently, has decided to locate there and engage in the practice of law. -It is reported that about 200 families of German-speaking Russians will join their countrymen now in Mercer County some time next spring. -A county seat fight has been begun in Deuel County. The contest will be between the new town of Clear Lake and the present county seat, Gary. -A party of youthful jayhawkers is making things interesting for owners of gardens in Yankton. If caught they are promised a dose of the law. -Some one poisoned a valuable dog belonging to a Deadwood Alderman the other day. A reward of $50 is offered for the discovery of the miscreant. -In some sections of Dakota farmers raised flax this year for fuel, a ton of flax being considered more valuable for that purpose than a ton of soft coal. -Two years ago there were only two public schools in Burleigh County, outside of Bismarck. Now there are thirty schools and twenty-five good schoolhouses. -Ex-Gov. Ordway and Abe Boynton, it 6 rumored, will purchase and reorganize the First National Bank at Sioux Falls, now in the hands of Receiver Thompson. -Aurora County contains eighty school houses, an increase of fifteen over last year. The current school debt of the county has been reduced from $12,200 to about $3.000. -The Black Hills Salt Company has been organized at Deadwood, with a capital of $125,000. This company owns 640 acres of land near the well-known salt

11. November 6, 1886 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, November 6, 1886

Click image to open full size in new tab

Article Text

Sioux Falls. Special to the Globe. Sioux FALLS, Dak., Nov. 5,-The packing house of Jackson, Smith & Co., which was burned Saturday afternoon, will be rebuilt and in active operation within thirty days. A corporation is being organized under the name of the Dakota Packing company, and, with an ample capital, it is proposed to make the business a still greater success. This will be hailed with delight by the citizens of Sioux Falls and the farmers of Minnenaha county. The industry will give employment to about sixty men. and distribute many thousand dollars among the farmers. During the year ending Oct. 1, nearly $90,000 was paid the farmers of this county and those wbo took advantage of the Sioux Falls market. Messrs. Jackson & Smith deserve great credit for their determination to rebuild after such a serious loss, and the city is to be congratulated that the industry is retained. Messrs. Allen & Blair have a directory of the city in (ress, and it will prove quite a gratifying surprise. even to the citizens, when it makes its appearance. It will contain 2,000 names of business men and heads of families, and, upon the basis adopted by Eastern cities, would indicate a population of 10,000. These gentlemen say that Sioux Falls has 8.000 people within her limits; that there isn't a vacant store in the city, and scarcely any vacant tenements ...A libel suit is one of the results of the recent campaign. R. J. Welles has brought suit against Irving Booth, of the Minnebaha Mail: claiming $10,000 damages for an article that appeared in the issue of last week to the effect that Welles bad "snared" depositors into the late First National bank which is now in the hands of the receiver.

12. January 21, 1887 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, January 21, 1887

Click image to open full size in new tab

Article Text

judicial district to which they belonged before the creation of the fifth district. George O. Thompson, the cattle thief Mr. who stole a couple of steers from Gewdv, at Harley, and sold them to George Brown, of Canton, is somewhere him. near Omaha, and parties are af ter The friends of Maj. Jas. E. Jenkins, for of Chamberiair, are pushing his claim the adjatant generalship of the territory. He is an old Boldier with an unblemished record, and bears on his person seven wounds received at Gettysburg. Farmers who have heretofore been trading at the smaller adjoining towns are patronizing Canton merchants again. Its market has improved to a considerable extent within the past six months, of and the farmers are taking advantage it. A poor old inebriate by the name of Colman was frozen so he died at Kimball one night last week. He was orazy go with strong drink and started to home about 11 o'clock at night, became bewildered and when found was nearly dead. The stock of groceriee of Elling Opsall, Canton, who assigned to K. C. Stabeck, invoices of only $1,600; bank account $400. After taking out his $1,500 exemption there will be only $500 to divide among the creditors, who have about $2,000 against Opsall. In the district court at Sioux Falle the Second National bank levied on the assets the of the First National bank and Receiver Thompson, of the First suit National, was made a party to the Sioux brought against that bank by the Falls National. Rev. John Plank, who lives near Grand Valley, Aurora county, is over the years of age and has preached resieighty nearly fifty year. He was a dent gospel of Chicago when the Indiane roamed at large and only eight log cabins besides his own comprised the town. The Huron land office, during the month ended Dec. 31st, 1886, transacted hundred following business: Five and the thirty-six final proofs, representing 82,950.31 acres; 42 420 original entries, representing 66,269.95 acres. The receipts were of the office during this period $92,313.30. man by the name of Lilly and Brule his A who live in the south part Missouri of county, son, ventured across the While ena load of wood. Indian river after in loading their wagon the unceremogaged upon them and outfit and nionely police came bagged the whole It them over to the authorities. Indian is turned unlawful to take wood from lands. Blunt Advocate tells a James story The how an old gentleman, days about was saved by prayer a few near Houser, He got caught in a blizzard his way. since. after night and lost he Onida When he became nearly frozen praying gave and knelt in prayer. While which appeared ahead, following when the 8 light him to a traveled road, overtaken took disappeared, but he was and relight by is team, taken to a house suscitated. farmers' maes meeting was held at A Saturday. Among the proceed- for the Fargo was a memorial to congress bill. ings of the inter-state commerce recompassage legal rate of interest was cent. and The to be placed at ten per salaries mended all county officers be paid was in that of fees. The convention and grant. instead of admission as a whole. in all favor of local option on liquor selling also recoming organized townships. It was reduced. mended that the tariff the the district court at Fargo Tuesday case, In in the Bradford assault hours, the jary being out twenty-fou and batafter in a verdiot of assault from Ayr, brought This is a case coming in which tery. out of a drunken row a knife. and grew Dickinson was stabbed with trial for one Hughes had his second and this Patrick assault at Casselton, was d felonious was convicted. Mellard at time for he burglary and attempted counts. rape e tried Oasselton, and convicted on both James oar service on the mail Through valley road giving a through Dakota, river between north and south about route being agitated and talked At is now business men of Jamestown. north part by the all the mail for the south goes present territory from the connection B round of the by made St. Paul, with Huron and if or Aberdeen would could be mail from the south be go a the entire valley road, and would transe mission. saving up the of at least one day in the w McConnell's Aggregate, rt Judge Dak., Jan. 18-Judge the McOon- busik. Fargo, completed a record of since he g nell has. of this judicial district Judge Gifford ness office, to assist y came in into his bill through indges congress Be allowing getting Dakota two more

13. May 9, 1887 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, May 9, 1887

Click image to open full size in new tab

Article Text

White and Hewitt for appellant and F. H. Remington, for respondent. Henry Judson respondent, vs. Charles Bulen appellant, Kingsbury county. Attorneys-Watson & Hall for respondent and John A. Owen, for appellant. George Hellenbeck, appellant, vs. O. H. Prior, John Paul and O. M. & St. P. railway, respondent, Sanborn county. Attorneys-N. B. Reed for appellant, W. H. Norris and Dillon and Preston for respondent. J. L. Thompson, receiver of the First National bank of Sioux Falls, D. T., appellant, vs. John McKee respondent. Minnehaha county. Attorneys-Coughron and Martin for appellant, Bailey and Davis for respondent. N. Myrick, respondent, vs. R. A Bill and W. W. Bill, appellant. Stutsman county. Attorneys-White and Hewitt for respondent and Dodge and Camp for appellant. C. S. Wallace and J. M. Marten assignee of D. H. Wallace, respondents, vs. Stutsman county, Dakota, appellant. Stutsman county. Attorneys-R. Rose for respondent, Dodge and Camp and J. S. Watson for appellant.

14. June 25, 1887 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, June 25, 1887

Click image to open full size in new tab

Article Text

Daily Cress and Dakotainn # REACHED WALL STREET. # A Panic Prevails Among the Buyers and Sellers of Stocks. The Sioux Falls National Bank Wins in Judge Spencer's Court. # A Wall Street Panic. New York, June 24th.-Noon-There is great excitement at the stock ex- change and prices are rapidly declining. At 11 o'clock the market was weak and active as a fractional concession from first prices. It is understood the break was caused by the report that Jay Gould was dead. Western Union fell from 75 to 80, but is now recovering. The excitement in the stock market reached its greatest height shortly be- fore noon, and a veritable panic de- veloped. No attention was paid by brokers to fractions in sales made by them, and the flactuations were so wild sales were some times from 5 to 10 per cent apart. The greatest declines so far recorded are Manhattan, 40½ to 116; Missouri Pacific, 11 to 93½; cotton seed, 7 to 39; Richmond terminal, 7¼ to 26; New England, 6 to 45¾, and Lake Erie and Western 5 to 53½. No failures have been announced as a result of the break. The stock market still continued very active after 11 o'clock, and though there was a slight rally it was quickly ended and the decline was renewed with ad- ded force. The sensation of the hour was a drop in Manhattan from 156½ at the opening to 153½, and at 11 to 120. It recovered to 188 and declined again to 115 at 12:25. 2:30 p. m. When delivery hour passed at the stook exchange without bringing the announcement of any failures, the street became more confident and buy- ing orders was received from all sources. The stock market closed quiet and firm at an advance. Wall street was puzzled to account for the fact that such a great decline could occur without dragging down some of the bull houses which have been carry- ing large lines of stock, but this is ex- plained by reports that Gould, Field, Vanderbilt and Philadelphia capitalists had taken up stocks which were in weak hands, and relieved holders of the neces- sity of sacrificing them. Field is reported to have taken up $7,000,000 of Manhat- tan stock. Cyrus W. Field was seen in his office this afternoon in regard to the rumor that he and Jay Gould and Russell Sage had fallen out, causing the big drop in stock to-day, Mr. Field said: "There is nothing in it-not the slightest foun- dation for the story." The Sioux Falls National, Flandrau, June 24-The famous bank case from Minnehaha county, which has been on trial here this week before Judge Spencer, has been decided in favor of the Sioux Falle National bank. This case became famous a year ago last January, when Minnehaha county at- tempted to a settlement with C. K Howard, then treasurer of the county. The First National bank, now a busted concern, was his place of deposit. When the commissioners came to the point of counting the money Howard presented a certified check of $16,000 from the First National. The commissioners had a suspicion that the bank was shaky, and taking the check and what cash Howard had, made the Sioux Falls National the county despository, and the back accepted the certified check as so much cash. When the check was presented for payment the cashier of the First National refused payment, alleg- ing that he had honored sight drafts for that amount since the issue of the check. It was simply an effort to beat the county by a set of rascals, who im- mediately thereafter suspended the bank, and depositors have thus far only got 26 per cent, and will get very little more. How the Sioux Falls National expects to collect its judgment is not known, but at least the verdict is a righteous one. It will be carried to the supreme court of the territory and prob- ably farther. Army Changes, Washington. June 24-An order will soon be issued from the war department making the following important changes of stations in the army, which will go into effect as soon after July 1 as possi- ble: The headquarters of the fourth cavalry, now at Fort Riley, will be trans- ferred to such posts in the Indian terri- tory as the commanding general of the department of the Missouri may desig- nate. Headquarters of the band and and four troops of the seventh cavalry will be transferred from Fort Mead, D T., by marching to Fort Riley, Kan. Troops of the fifth cavalry, now at Fort Riley, will go to Fort Sill., Indian territory, and two to Fort Elliott, Tex. This will give Col. Forsy- the, of the seventh cavalry, command of the new cavalry and artillery school lately authorized by congress, Two troops of the third cavalry, now at Fort Elliotte, and two troops of the same regiment at Fort Sill, are to be trans- ferred by marching to the department dthe Texas, and then by marching all the troops of the third cavalry will change stations, with troops of the eighth cavalry. This will put the third cavalry on the lower Rio Grande, The twelfth infantry, now stationed in the department of the lakes, will change by rail with the eleventh infantry, now in

15. February 10, 1888 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, February 10, 1888

Click image to open full size in new tab

Article Text

cago. Milwaukee & St Paul Railway company. defts. and apps. from Turner. W Y. Quigley and Frank R. Aikens: C.H. Winsor The territory of Dakota ex. rel. Charles F Templeton, attorney general of the ter ritory of Dakota. plff. and resp. vs. the board of county commissioners of Cass county, Dakota territory, defts. and apps: from Cass C. Pollock A. D. Thomas John A. Ferris, plff and app vs. Charles H. Vannier county treasurer of Stark county. deft and resp: from Morton. T.R. Selmes and John C. Bullitt, jr.: Flannery & Cooke and William Gibson L. B. Richardson and L B. Richardson, jr., co-partners as L. B. Richardson, Jr., & Co. plffs. and apps. vs. independent school district No. 1 of Grand Forks county Dak. deft. and resp; from Grand Forks. Noyes & McLaughlin; W. L. Wilder and Bangs & Bangs. Edward J. McMahon and Charles M MacLaren, co partners as McMahon & Mac Laren, plffs and resps. vs. A. L. Plummer and A. Hanson, co-partners as Plummer & Hanson, defts. and apps: from Cas s Ball, Wallin & Smith: M. W Greene. First National bank of Grand Haven, Michigan, plff. and resp. vs. May Honey man and John H. Reed. impleaded with Ebenezer Honeyman, John Honeyman Angie Honeyman. Alexander Carl. John Mosher, Julian A and Charles M. Lawrence, co partners as Lawrence Brothers Henry W Hamlin defts and apps: from Cass Charles A Pollock: R. M. Pollock, S.B. Bartlett, D.H. Twomey. Mansfield Savings bank. plff. and app vs. James McCaffrey, deft and resp: from Grand Forks. Bossard & Corliss: Noyes & Noves. Albert S. Guptill, plff. and app. vs. C. H. Anheier, county auditor of Cass county, deft. and resp: from Cass. A.D. Thomas: Charles A. Pollock. Heber C. Gardner. plff. and app. vs. the board of education of the city of Fargo and Emerson H. Smith superintendent of the public schools of the city of Fargo. deft. and resp: from Cass. A. Thomas; M.W Greene. Charles S. Raymond, guardian of the minor heirs of George A Ravmond. plff and resp. vs. U.S. Campbell, R. B. Spicer and J.R. King, defts and apps; from Cod ington. Van Liew & Rowe: D.C. & W. R. Thomas. Charles M. Henderson. Wilbur S. Henderson and Francis D. Everett, plffs. and apps. vs. Alexander McRostie as sheriff of Beadle county, deft and resp from Beadle J. B. Kelly, George C. Cooper; Mouser & Volrath. Ried, Murdock and Fischer, plff. and resp vs. insurance company of Dakota. dett. and from Minnehaha, Coughran & MeMartin Bailey & Davis. Leslie Thompson as receiver of the First National bank of Sioux Fails, plff. and resp. vs. John McKee, deft. and app from Minnehaha. Coughran & McMartin: Bailey & Davis. Porter P. Peck, plff. vs. the Sioux Falls Brewing company et. al. partners doing business under the name of Oshkosh Lumber company, H. W Ross and C. L. Kievert, doing business as C.L. Kievert & Co. defts. Porter P Peck resp. and J. Leslie Thompson as receiver, resp Moris Levinger,app: from Minnehaha Coughran & McMartin and Boyce & Boyce and Gamble Bros.: Bailey and Davis. Mamie G Shillock et. al. plffs. and apps vs Richard F Pettigrew et. al. derts. and resps from Minnehaha. Boyce & Boyce; Winsor & Swezey and A. H. Wilkinson. A. Bertelson. as administrator of the estate of Cornelius Wedel. deceased, plff. and resp.vs. Chicago, Milwaukee & St. Paul railway company, deft. and app: from Turner. Aikens: H. Winsor Taylor and A Bidwell plffs. and resps. vs. Alfred Brown and Timothy Young et. al. defts and apps: from Moody C. Winsor: J. H. Eno and Gamble Bros W. S. Lauder, plff. and resp. vs. M. P. Propper, deft and app: from Richland. M. W.Greenh: Stone & Newman. D.P. McLauren, T. A. Shultze et. al. plffs. and resps. vs. the city of Grand Forks and Jacob Eshelman, defts. and apps: from Grand Forks. C. B. Pratt: Arthur J. O'Keefe Territory of Dakota ex. rel. Charles S. Wallace and James M. Martin, as assignee of Daniel H. Wallace, plff. vs. George H. Woodbury, Julius J. Eddy and James Buchanan, constituting the board of county commissioners of Stutsman county, in the territor of Dakota, defts: from Stutsman. Dodge & Camp and John S. Watson; Roderick Rose. George Rice, plff. and resp. vs. Frederick W. Pettigrew, deft. and app; from Moody George Rice, E. L. Powers and George Mathews: .S. Swezey and Gamble Bros. The Insurance company of Dakota, corporation plff. and app. vs. Walter D. Greene deft and resp: from Minnehaha. Bailey & Davis: W. Greene. Cornella Lyon, plff and resp. vs. Insurncecompany of Dakota, defts. and apps: from Minnehaha. Coughran & McMaster; Bailey and Davis. Burton B. Champion, plff. and app. VS. the board of county commissioners of Minnehaha county, Dakota territory, and N. E Phillips, county clerk of Minnehaha county, Dakota territory, defts. and resps: from Minnehaha. Winsor & Kittredge; H. Keith and A. A. Polk. Minnehaha county, Dakota territory; plff. and resp. vs. Burton B. Champion deft. and app: from Minnehaha. H. H. Keith. S. E. Young and A. A. Polk; Winsor & Kittredge. Mary Emma Crompton et. al. resps. vs. C. H. Myers et. al. resps: from Spink. Mouser & Valbrak: H.C. and T.J. Walsh. The Gull River Lumber company, resp. V8 Patrick Keep et. al. defts. William o Ward. app from Burieigh. John E. Carland: Winchester & Hanitch. If your kidneys are inactive, you will feel and look wretched, even in the most cheerful society, and melancholy on the jolliest occasions Dr. J. H. McLean's Liver and Kidney Balm will set you right reain. per bottle. For sale by H. Brandt, Druggist. Married. BAKER CLARK. the parsonage, Bis marck, Sabbath evening. February 5. 1888. by Rev. Charles B. Austin, Mr William M. Baker of Williamsport, Dakota, and Miss Lucinda Clark of Highport, Mo When you are constipated with loss of H. appetite, headache take one of Dr. J. McLean's

16. October 20, 1888 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, October 20, 1888

Click image to open full size in new tab

Article Text

DAKOTA CONDENSATIONS Stiliman a E. Trask. Badus. I crease: Alfred H. Lamb, De Smet. E issopalians st Wahpeton passed a resolution demail ding the resignation of their rector, Rev. Mr. Morrow. Hutchinson county has $19,000 in the treasury, bat the commissioners have done but little road work this season. The Walter M. Savage hardware stock at Watertown was sold by the sheriff on execution to J. W. William', of that city, for $5,700. It invoiced $9,000 at d Savage failed last April. But little fall plowing has been done in Hutchinson county, although the farmers calculate sowing a much increased acreage of wheat next year. The dry weather is the cause of it. South Dakota has this year produced 30,000,000 bushels of wheat, 20,000,000 bushels of corn. She has already 250 churches, 1,000 common school housee 50 bigh schools, one agricultural college, eight denominational colleges. A bond of $30,000 was given by fourteen creditors of the suspended bank of P. C. Tryner & Co., of Hitchcock, for redelivery of the property to the sheriff attached from the assignee a few days since. Prosecution for criminalty is discussed. The case of Hyde county against Homer James et al., defaulting treasurer, is concladed before the referee, R. W. Wheeler. There will be 1,800 pages of typewritten manascript of the testimony yet to be written by the court stenographer, Goodner, before the referee can make his report and before the lawyers can make their arguments. Hatchinson county republican nominations: Register, G. W. Williams; auditor, J. F. Doescher; treasurer, John Schamber; sheriff, G. W. Murner, assessor, O. Aisenbrey; probate judge, O. J. Branch; county attorney, J. H. Warner. It is said that an independent Russian convention will held at an early date to place a new ticket in the field. The grand and petit jurors for Minnehaha county have jast been drawn for the November term of the distriot court. In order that the charge brought up at the last term could not be repeated, that jurore favoring the whisky men were picked out, the president of the law-andorder league and other citizens were called to witness the drawing of the names. The grand jury will have to consider over 300 charges for violating the local option liquor law brought against saloonkeepers. The famous case of the Sioux Falls national bank vereus the First National s bank;of Sioux Falls which has come up in innumerable forms before the Dakota courts, has just been decided in favor of the former bank by the supreme oourt. Previous to the closing of the First National, that bank gave a fraudulent check of $16,000, to the county commissioners, which purported to represent the amount of cash the county treasurer had in that bank at the time. The check was received as cash by the Sioux Falls national, but payment was refused by the First I National. This act resulted in the closing of the First National, and the suit question. a

17. May 23, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, May 23, 1893

Click image to open full size in new tab

Article Text

CONTRACTION DOES THE WORK Banks Continue to Close Their Doors all Over the Country. QUEENSLAND, May 17.-The Royal Bank of Queensland closed its doors this morning and its suspension was announced. It had a capital stock of £400,000. MINNEAPOLIS, Minn., May 17.-The Citizens' Bank of this city suspended payment this morning and a receiver has been asked for. FLORENCE, S. C., May 17.-Much surprise and some little excitement were caused in Florence yesterday morning when the following notice appeared on the closed doors of the Bank of Carolinas: "This bank has suspended payment until a meeting of directors can be held. JOHN P. COFFIN, Pres't. JACKSONVILLE, Fla., May 13.-A Kissimmee special to the Times Union says: Much to the surprise of everybody, the following notice appeared on the door of the Kissimmee City bank before the opening hour this morning: "This bank is closed until further notice by virtue of a deed of assignment this day executed and recorded in the clerk's office of Osceola county. SYDNEY, Australia, May 15.-The Commercial Banking Company closed their doors this morning. The liabilities are not yet known. The capital stock of the company was £600,000. LINCOLN, Neb., May 13.-Kendall & Smith, the largest millers in this section have made an assignment for the benefit of their creditors. WARDENER, Wash., May 13.-Small & Colby, extensive lumber dealers of this place, made an assignment to day. Their liabilities are $50,000. INDIANAPOLIS, Ind., May 13 -The Bank of New Orleans, Bank of Roas ville, Bank of Freeport, Ohio, and the Bank of Rockford, Michigan, all private concerns and with no extensive patronage were closed to-day by order of Paris and Nave, bankers, of this city, who controlled them. The Commercial State Bank, of Rushville, Ind., Bank of Brookville, Ohio, and the First State Bank, of Hillsdale, Michigan, have suspended. MINNEAPOLIS, May 17.-The Citizens' Bank has suspended and a receiver has been asked for the Northwestern Guaranty Company. WATERLOO, Iowa, May 17. - The First National Bank, of Sioux Falls, suspended at the close of business yesterday, being involved by the assignment of William M. Fields & Brother, importers of horses. The liabilities are estimated at from $100,000 to $150,000, while the personal liabilities of Field will be nearly as much more. No statement of the assets can be given as yet.