3fa1908eAccommodated withdrawals, Full suspension
Other: Receiver appointed and payments declared later (20% initial dividend).
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Yankton Bank Suspends. MINNEAPOLIS, Nov. 22.-A special from Yankton, S. D., to the Journal says that the Yankton Savings Bank closed its doors at 2 o'clock this afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half.
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Savings Bank Closed. YANKTON, S. D., Nov. 22.-The Yankton Savings Bank closed its doors this afternoon. The defalcation of Treasurer Peterson precipitated a run which lasted a day and a half. There is some prospect that the institution will be able to resume.
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Minneapolis, Minn., Nov. 22.-A special from Yankton, S. D., to the Journal says the Yankton Savings bank closed its doors at 2 o'clock this afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half.
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Yankton Bank Closes. Minneapolis, Minn., Nov. 23.-A special from Yankton, S. D., to the Journal says that the Yankton Savings bank closed its doors at 2 o'clock yesterday afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run.
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Bank Closes Its Doors. Minneapolis, Minn., Nov. 22.-A special from Yankton, S.D., to the Journal says the Yankton Savings bank closed its doors at 2 o'clock this afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half.
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Yankton Savings Bank Fails. YANKTON, S. D., Nov. 22.-(Special Telegram.)-The defalcation of County Treasurer A. W. Peterson was the immediate cause of a run on the Yankton Savings bank the last three days which forced it to close its doors this afternoon. As soon as Mr. Peterson's disappearance became generally known, depositors became uneasy, as it was known the county had a good deal of its money deposited in the bany and they began drawing tehir money, which was promptly paid up to this afternoon, when the supply was exhausted. The assete of the bank are $30,000, with $20,000 liabilities all told. It is thought by some that the bank may be able to resume in a short time. No uneasiness is felt in regard to the other banks of the city. Both national banks are known to have had more money on hand than they could loan and are considered sound. The Board of County Commissioners has finally ascertained the total shortage of Treasurer Peterson to be $22,000, $8,000 being in the savings bank just failed. It will institute suit against Peterson and his bondsmen to recover the amount.
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Commissioners Try to Daaw Public Moneys but Minn Historical Soviety d. IOWA INDIANS TROUBLESOME Sax and Fox Reds Threaten Residents of Tama City and Toledo. Detention of One of the Tribe In a Training School Is the Cause. YANKTON, S. D., Nov. 23. -The defalcation and disappearance of County Treasurer A. W. Peterson has caused considerable excitement in this city in the last few days. The board of county commissioners has been engaged examining his books and accounts and they found a shortage of $14,000, with $8,000 deposited in the Yankton Savings bank. This they endeavored to draw out, but their request was refused on the ground that Treasurer Peterson or some duly appointed treasurer should sign checks. This cannot be done now, as the bank was forced to close its doors after withstanding a three days' run. Suit will at once be instituted by the commissioners against Peterson and his bondsmen to recover a total shortage of $22,000. As the savings bank was the chief depository for the treasurer's office wild rumors gained circulation stating the treasurer's defalcation had weakened the bank and the run was the result.
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THE DAILY LEADER. FRIDAY. NOVEMBER 24. 1899. OFFICIAL PAPER OF CITY PND COUNTY. TERMS OF SUBSCRIPTION $4.00 By mail, 1 year 2.00 By mail, 6 months 1.00 By mail, 3 months 35 By mail. 1 month 10 By carrier, per week J. F. STAHL. Proprietor. The second recent disaster to befall Yankton was the closing of the door of the Yankton Savings bank, Wednesday afternoon. County Treasurer Peterson was known to be a depoisitor in this bank to the amount of eight or ten thousand dollars and when his defalcation became known a rush was made upon the bank by depositors to withdraw deposits. The run was kept up for twenty-four hours, including a demand from the county commissioners forPeterson's balance, which the bank refused to pay unless receipted for by Peterson or his legally qualitied successor. The bank's assets are $30,000; liabilities, $20,000 all told.
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BROKE THE BANK. Defalcation of County Treasurer Peterson at Yankton Starts a Run. YANKTON, S.D., Nov. 24.-The defalcation and disappearance of County Treasurer A. W. Peterson has caused considerable excitement in this city in the last few days. The board of county commissioners has been engaged examining his books and accounts and they found a shortage of $14,000, with $8,000 deposited in the Yankton Savings bank. This they endeavored to draw out, but their request was refused on the ground that Treasurer Peterson or some duly appointed treasurer should sign checks. This cannot be done now, as the bank was forced to close its doors after withstanding a three days' run. Suit will at once be instituted by the commissioners against Peterson and his bondsmen to recover a total shortage of $22,000. As the savings bank was the chief depository for the treasurer's office wild rumors gained circulation stating the treasurer's defalcation had weakened the bank and the run was the result.
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Bank Succumbs to a Run. With assets amounting to $30,000 and liabilities $20,000, the Yankton, S. D Savings Bang was forced to close its doors after a three days' run occasioned by the defalcation of County Treasurer A. Peterson, who was known to deal extensively with that bank.
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In his march north from Tarlac Gen. MacArthur has made rapid progress and Gen. Otis reports that MacArthur is in Dagupan. This rapid movement indicates to the war department officials that the insurrection is broken as an organization, and that the rainy season has been the real obstruction to Gen. Otis and his army in the Philippines. The reports of recent serious fighting about Ladysmith are generally discredited. The British are actively preparing for the hard march north and the Boers meantime are continuing their invasion of Cape Colony. There was prospect of a native uprising in Cape Colony in sympathy with the Boers. In a letter Gen. Joseph Wheeler says that he will not return to congress and also says a firm declaration by congress will end the war in the Philippines. Emperor William and the empress of Germany and their party arrived at Windsor and Queen Victoria warmly .welcomed her grandson. The fear of being caught in Boer traps is causing the British to move with great caution. Boers seem to be very numerous on every side, but according to recent dispatches there has been no battle of any consequence! It is believed the British are about to move northward in three divisions. Reports were brought by the gunboat Helena, which arrived in Manila with the crew of the cruiser Charleston, that when off Lingayan gulf she saw the battleship Oregon, which signaled that Gens. Wheaton, Young and Lawton had joined forces. Aguinaldo, with 12 officials. had escaped northward via Santo Tomas, a town on the northeast coast of Lingayan gulf. A troop of cavalry was hot pursuit. LATER NEWS. The general opinion in Manila is that Aguinaldo's army will never again come together in any considerable force with him in command. The forces under Gen. Lawton and Gen. Young are following so rapidly on his heels into Bayombong that no insurgent capital can again be established. West Lawrence, a negro who assaulted Mrs. W. Bowman, was lynched by a mob in Escambia county, Fla. In a train collision on the Baltimore & Ohio road near McCool, Ind., Engineer Henry Bradford was killed and seven other persons were injured. During the deer hunting season just ended in the Adirondacks 23 persons were accidentally killed by hunters. Martin V. Bergen, son of Councilman Peter v. Bergen, of Princeton, N. J., died from receiving a hazing at Lawrenceville college. Miss Eliza Works died at Henrietta, N. Y., aged 105 years 10 months and 13 days. With assets amounting to $30,000 and liabilities $20,000, the Yankton (S. D.) savings bank was forced to close its doors after a three days' run. The village of Magazine, Ark., was destroyed by a tornado. The Mexican government ordered the national flag to be hoisted at half mast over all public buildings as a token of condolence with the United States for the death of Vice President Hobart. The First Tennessee regiment was mustered out of the service at San Francisco. Thousands of acres of valuable farming lands were under water near Denison, Tex., and families were fleeing for their lives from bottom lands. All the large streams in the southern portion of Indian territory were out of their banks and enormous damage has been done to farming lands. Ten persons were caught in an ice jam and drowned in the upper Yukon river in Alaska. Dr. Daniel McMurtrie, medical director in the navy, retired, died at Washington, aged 63 years. With a considerable army of Boers marching upon Pietermaritzburg, interest now centers in the Natal capital. Reports of an engament at Mooi river show the British on the defensive, but no serious damage on either side. The Boers now have 17,000 British in besieged towns. An official statement from Pretoria places the total casualties of the Boers during the war as killed, 90; wounded 200
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Bank Succumbs to a Run. With assets amounting to $30,000 and liabilities $20,000, the Yankton, S. D Savings Bang was forced to close its doors after a three days' run occasioned by the defalcation of County Treasurer A. Peterson, who was known to deal extensively with that bank.
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And Here's Another. YANKTON, S. D., Nov. 27.-Excitement runs high as a result of the defalcation of County Treasurer Petterson and the failure of the Yankton Savings Bank. The county commissioners examined the treas-
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A Savings Bank Closes Its Doors. Minneapolis, Minn., Nov. 23.-A special from Yankton, S. D., to the Journal says that the Yankton savings bank closed its doors at two o'clock yesterday afternoon. The defalcation of Treasurer Peterson, who was known to be a heavy depositor, precipitated a run which has been in progress a day and a half. There is some prospect that the institution will be able to resume.
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FINANCE AND TRADE. The Building and Loan Association of Dakota, located at Aberdeen, is in a receiver's hands. The Yankton (S. D.) Savings bank has closed on account of the defalcation of the county treasurer. It is estimated that the total ore shipments for the season from Minnesota ranges will amount to fully 8,000,000 tons. Ex-President Carter of the Chicago board of trade. told the industrial commission that the proposed ship canal from the Great Lakes to the Gulf of Mexico is feasible. A receiver has been appointed for the defunct Franklin Syndicate bank in New York, the missing Miller's institution. Other concerns of the same sort are being investigated. Commissioner of Agriculture and La. bor Thomas states that there were 600,000 acres in flax in North Dakota this year with an average of 12 bushels per acre. This means $8,000,000 to the farmers of this state for flax alone. An official report received by the German government acknowledges the excellent system of the American official trichinae inspection as carried out in Chicago and elsewhere and declares that the Agrarian charges as to the unreliability of the inspection are not borne out by the facts.
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WEST AND SOUTH. In Escambia county, Fla., West Lawrence, a negro who assaulted Mrs. W. Bowman, was lynched by a mob. The wreckers working on the sunken Spanish armored cruiser Almirante Oquendo off Santiago discovered a chest containing $19,000 in Spanish gold. The last of the volunteers, the First Tennessee regiment, was mustered out of the service at San Francisco. The Yankton (S. D.) savings bank was forced to close its doors after a three days' run, with assets amounting to $30,000 and liabilities $20,000. A tornado destroyed the village of Magazine, Ark. National and state legislation against trusts is urged in resolutions adopted by the National Grange in session in Springfield, O. Trains collided on the Baltimore & Ohio road near McCool, Ind., and Engineer Henry Bradford was killed and seven other persons were injured. Near Denison, Tex., thousands of acres of valuable farming lands were under water and families were fleeing for their lives from bottom lands. The village of Lumi, Wash., was swept away by a flood, but nc lives were lost. In Chicago an organization was formed to be known as the Commercial Industrial congress, composed of the leading shipping associations of the United States. E. P. Bacon, of Milwaukee, was made president. The large streams in the southern portion of Indian territory were all out of their banks and enormous damage has been done to farming lands. In the upper Yukon river in Alaska ten persons were caught in an ice jam and drowned. On thé battlefields surrounding Chattanooga, Tenn., the 107 monuments and markers of the state of Illinois were dedicated. Charles Goldsborough shot and killed his wife in Mount Vernon, O., in a fit of jealousy and then killed himself. At Butte, Mont., the Farmers and Merchants' bank went into a receiver's hands. It is said that Henry A. Kasson, of Madison, Wis., an ex-member of congress, is to be sergeant-at-arms of the house of representatives. Burglars robbed the Bank of Milton, Wis., of over $2,000 in cash, stamps and bonds. At Lebanon, Ind., the Central state bank has been placed in the hands of a receiver. Bodies of 65 Chinamen buried in Chicago cemeteries are to be exhumed and taken back to China for burial. In Sioux City, Ia., F. C. Hills, general manager of the Pacific Short Line, died from poison accidentally mixed in food. While insane Frank Bailey killed his brother George at Stockbridge, Mich., and then killed himself. Both were prominent business men.
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Yankton county went republican, if we remember correctly. Now the treasurer of that county has "gone republican," too, and the county is now just $30,000 shy. The defalcation caused a run on the Yankton Savings Bank and busted the institution. Everything seems to be strongly republican over that way.
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Yankton Bank Receiver Appointed Yankton, S. D., Nov. 29.-E. G. Edgerton has been appointed receiver for the Yankton Savings bank which failed last week. The probabilities are that the bank will pay all liabilities in full. The county commissioners have offered $200 reward for the apprehension of A. W. Petterson, defaulting treasurer. No trace of him bas yet been found.
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SOUTH DAKOTA. Britton: South Dakota is enjoying a season of unrivaled weather. The temperature is mild. ranging up to 60 degrees at noon, the sun cloudless and the air clear and balmy. Some plowing is still in progress. Tyndall: Peter Engberg. one of the old settlers in this part of the state, committed suicide Saturday night by hanging himself in his room. Yankton: E. G. Edgerton has been appointed receiver for the Yankton savings bank. The probabilities are the bank will pay all liabilities in full. Flandreau: The total amount of mail shipped from the Flandreau postoffice during the month of October was 2,692 pounds. Yankton: Jack Keating has broken the record for corn husking. He husked and put into the crib 2,220 bushels of corn for Edward Gleason, and he averaged 80 bushels per day.
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DEFAULTER COMMITS SUICIDE. A. W. Peterson of Yankton. S. D., Jumps From a Ferryboat at St. Louis. Sr. LOUIS, Dec. 23.-The body of A. W. Peterson of Yankton. S. D., is at the morgue. He jumped from the ferryboat Alonzo Church while crossing the Mississippi this morning. A dispatch from Yankton states that Peterson was an embezzler and had fled from that city on Nov. 16. which would furnish an incentive for suicide. He was observed by deckhands to make the plunge. As soon as the body reappeared it was grappled and dragged ashore. but life was extinct. From papers in his pockets he was easily identified. The theory advanced by the police is that Peterson dreaded arrest and determined to kill himself. SIOUX CITY, Iowa, Dec. 23.-A. W. Peterson. the Treasurer of Yankton county. S. D., was short $15,000 in his accounts as results of his defalcation. The Yankton Savings Bank was compelled to close its doors and is in a receiver's hands. Peterson gave a bill of sale of his harness business previous to leaving. He boarded the train, ostensibly for Gayville. S. D. without overcoat or satchel. but came to Sloux City and here all trace of him was lost. He leaves a wife and several children.
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DAKOTA REPORTS. Compiler Tilton of Vermillion Adds to Their Value. Horace G. Tilton of Vermillion has brought out a second supplement to his index digest of the reported decisions of the supreme courts of Dakota Territory and of North and South Dakota, covering all opinions filed up to April 1, 1900. With this supplement he has included a table of all the cases digested in the series. and binds the original diegst and two supplements in one convenient volume of about 1,100 pages. Peter Honnenger of Romona met with a peculiar accident. He occasionally walks in his sleep, and, on the night in question got out of bed and must have made the movement with considerable force, for he went through a large glass and then ran some distance before he was noticed and finally caught by Robert Sullivan. He was still asleep when caught, though his ankle was 80 badly cut by the broken glass as to require several stitches. Receiver Edgerton, of the Yankton Savings Bank, which was wrecked last December by the defalcation of County Treasurer Pederson, has declared a 20 per cent payment. As all the real estate of the bank is still unsold, the defunct bank bids fair to make at least a 50 per cent payment to all creditors.
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DAKOTA REPORTS. Compiler Tilton of Vermillion Adds to Their Value. Horace G. Tilton of Vermillion has brought out a second supplement to his index digest of the reported decisions of the supreme courts of Dakota Territory and of North and South Dakota, covering all opinions filed up to April 1, 1900. With this supplement he has included a table of all the cases digested in the series, and binds the original diegst and two supplements in one convenient volume of about 1,100 pages. Peter Honnenger of Romona met with a peculiar accident. He occasionally walks in his sleep, and, on the night in question got out of bed and must have made the movement with considerable force, for he went through a large glass and then ran some distance before he was noticed and finally caught by Robert Sullivan. He was still asleep when caught. though his ankle was SO badly cut by the broken glass as to require several stitches. Receiver Edgerton, of the Yankton Savings Bank, which was wrecked last December by the defalcation of County Treasurer Pederson, has declared a 20 per cent payment. As all the real estate of the bank is still unsold, the defunct bank bids fair to make at least a 50 per cent payment to all creditors.