20528. Watertown National Bank (Watertown, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3414
Charter Number
3414
Start Date
January 1, 1896
Location
Watertown, South Dakota (44.899, -97.115)

Metadata

Model
gpt-5-mini
Short Digest
eb5839a0

Response Measures

None

Description

Newspapers in early January 1896 report the Watertown National Bank (S.D.) decided to go into voluntary liquidation and will go out of business, paying creditors in full. No run or depositor panic is mentioned; this is a voluntary suspension leading to permanent closure.

Events (4)

1. November 25, 1885 Chartered
Source
historical_nic
2. January 1, 1896 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank decided to go into voluntary liquidation and is closing out its affairs, paying creditors in full; article explicitly uses 'voluntary liquidation'.
Newspaper Excerpt
The Watertown National bank, one of the leading banks of South Dakota, has decided to go into voluntary liquidation and is closing out its affairs and paying all creditors in full.
Source
newspapers
3. January 3, 1896 Other
Newspaper Excerpt
The Watertown (S. D.) national bank will go out of business.
Source
newspapers
4. July 10, 1896 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Willmar Tribune, January 7, 1896

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Article Text

1896 January. 1896 Su. Mo. Tu. We. Th. Fri. Sat. 2 1 3 4 5 6 9 7 8 10 11 12 13 14 15 16 17 18 19 20 22 23 21 24 25 26 27 28 29 30 31 SUMMARY OF THE WEEK'S NEWS Tuesday, Dec. 31. The H. W. Ladd company, one of the largest dry goods firms of Providence, R. I., has assigned. The treasury lost $714,800 in gold by redemptions Monday, leaving the true amount of the reserve $63,132,351. A strong earthquake shock was felt on Saturday at Ciciano, in Cacerta, Italy. Several persons were killed and a number were injured. Eastbound shipments from Chicago last week amounted to 75,831 tons, against 90,577 for the preceding week and 80,787 for the corresponding week last year. Officials at the Charleston navy yard have received a dispatch from Washington ordering the commandant to place the monitor Passaic in condition for immediate service. Wednesday, Jan. 1. The Gisholt Machine company of Madison, Wis., employing 125 men, has adopted the profit sharing plan. The eighth annual convention of the Western Commercial Travelers' association is in session at St. Louis. E. F. Emerson, aged 50, and who claimed to be a cousin of Ralph Waldo Emerson, the poet, was found dead in bed in a Chicago lodging house. The receipts of the St. Paul postoffice for the year 1895 were $412,046.07, while the total for the previous year was only $363,674.39. The Watertown National bank, one of the leading banks of South Dakota, has decided to go into voluntary liquidation and is closing out its affairs and paying all creditors in full. Ex-Senator Spooner is in favor of a special session of the Wisconsin legislature to reapportion the state into senate and assembly districts under the census of 1895. Thursday, Jan. 2. The Maryland legislature organized Wednesday and the governor's message was read. C. A. Peterson, who killed Dr. Young of Buffalo, N. D., has been sent to the Jamestown asylum. Five men were badly burned, three of them probably fatally, by an explosion of gas in the Girard mine at Shamokin, Pa. The Omaha Temple of Labor was dedicated Wednesday by Omaha workingmen under the auspices of the central labor union. While Mrs. Thomas R. Bebb of Palmyra, O., was making a call her house was burned and her two baby boys cremated in the ruins. Cincinnati received a New Year's gift of 12 square miles of territory, increasing the area from 24½ square miles to 38½ and increasing the population to $59,000. Friday, Jan. 3. The Watertown (S. D.) national bank will go out of business. Witnesses in the Peralto-Reavis case will be prosecuted for perjury by the government. The sheriff of Ellsville, Miss., was held up and robbed of $8,000 belonging to the county. A Christian Citizen's League has been organized at Sioux Falls with many of the most prominent men actively identified with it. John Scott has been made controller of the Western division of the Northern Pacific, thereby becoming controller of the entire system. Saturday, Jan. 4. E. H. Copp, one of the oldest jewelers at Madison, Wis., has assigned. The New York legislature has convened. Hamilton Fish was elected speaker. Chaplain Rutledge of the Illinois Soldiers' home was dismissed on a charge of neglect of duty. A strip of land in Franklin county, Mo., sank SO deep that trees which stood upon it disappeared entirely. Emperor William telegraphed President Kruger congratulating him on the suppression of the British invasion. The Philadelphia Loan and Trust company has assigned. Differences among the management is the reported cause. The Sioux Indian, Kills the Enemy, from Pine Ridge, who is charged with stealing a horse valued at $25 from his friend Bad Corn Cob, is under arrest at Hot Springs, S. D. Monday, Jan. 6. Two Indian boys confessed to having butchered a man near Antlers, I. T., because he was white. Friends of Carter H. Harrison, Jr., have decided to urge the late mavor's


Article from The Redwood Gazette, January 9, 1896

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Article Text

SUMMARY OF THE WEEK'S NEWS Tuesday, Dec. 31. The H. W. Ladd company, one of the largest dry goods firms of Providence, R. I., has assigned. The treasury lost $714,800 in gold by redemptions Monday, leaving the true amount of the reserve $63,132,351. A strong earthquake shock was felt on Saturday at Ciciano, in Cacerta, Italy. Several persons were killed and a number were injured. Eastbound shipments from Chicago last week amounted to 75,831 tons, against 90,577 for the preceding week and 30,787 for the corresponding week last year. Officials at the Charleston navy yard have received a dispatch from Washington ordering the commandant to place the monitor Passaic in condition for immediate service. Wednesday, Jan. 1. The Gisholt Machine company of Madison, Wis., employing 125 men, has adopted the profit sharing plan. The eighth annual convention of the Western Commercial Travelers' association is in session at St. Louis. E. F. Emerson, aged 50, and who claimed to be a cousin of Ralph Waldo Emerson, the poet, was found dead in bed in a Chicago lodging house. The receipts of the St. Paul postoffice for the year 1895 were $412,046.07, while the total for the previous year was only $363,674.39. The Watertown National bank, one of the leading banks of South Dakota, has decided to go into voluntary liquidation and is closing out its affairs and paying all creditors in full. Ex-Senator Spooner is in favor of a special session of the Wisconsin legislature to reapportion the state into senate and assembly districts under the census of 1895. Thursday, Jan. 2. The Maryland legislature organized Wednesday and the governor's message was read. C. A. Peterson, who killed Dr. Young of Buffalo, N. D., has been sent to the Jamestown asylum. p Five men were badly burned, three of them probably fatally, by an exploo sion of gas in the Girard mine at Shad mokin, Pa. The Omaha Temple of Labor was e dedicated Wednesday by Omaha workingmen under the auspices of the cen18 tral labor union. se While Mrs. Thomas R. Bebb of Palmyra, O., was making a call her house g was burned and her two baby boys cremated in the ruins. d Cincinnati received a New Year's ie gift of 12 square miles of territory, ine creasing the area from 24½ square miles hs 359,000. to 30½ and increasing the population to Friday, Jan. 3. The Watertown (S. D.) national bank will go out of business. ir Witnesses in the Peralto-Reavis case will be prosecuted for perjury by the itgovernment. ch The sheriff of Ellsville, Miss., was o, 3. held up and robbed of $8,000 belonging to the county. ed ne A Christian Citizen's League has n, been organized at Sioux Falls with S. many of the most prominent men 1actively identified with it. te John Scott has been made controller he of the Western division of the Northern SS Pacific, thereby becoming controller of the entire system. 4. Saturday, Jan. E. H. Copp, one of the oldest jewelers at Madison, Wis., has assigned. The New York legislature has conA 1 speaker. vened. Hamilton Fish was elected Chaplain Rutledge of the Illinois Soldiers' home was dismissed on a charge of neglect of duty. O. A strip of land in Franklin county, @ Mo., sank SO deep that trees which 48 stood upon it disappeared entirely. Emperor William telegraphed President Kruger congratulating him on the suppression of the British invasion. of The Philadelphia Loan and Trust or company has assigned. Differences ch among cause. the management is the reported p, The Sioux Indian, Kills the Enemy, from Pine Ridge, who is charged with stealing a horse valued at $25 from his friend Bad Corn Cob, is under arrest at Hot Springs, S. D. 5c Monday, Jan. 6. is Two Indian boys confessed to having y butchered a man near Antlers, I. T., because he was white. Friends of Carter H. Harrison, Jr., S, have decided to urge the late mayor's son to run for congress