Bismarck Bank (Bismarck, ND)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
February 24, 1926
Location
Bismarck, North Dakota (46.808, -100.784)
Bank Type
state

Metadata

Events (2)

1. February 24, 1926 Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and a receiver (L. R. Baird) was appointed, leading to suspension of payments/operations.
Newspaper Excerpt
In the Matter of the Insolvency of the Bismarck Bank... L. R. BAIRD... as Receiver of the Bismarck Bank
Source
newspapers
2. February 24, 1926 Receivership
Newspaper Excerpt
Notice is hereby given by the undersigned, L. R. BAIRD... as Receiver of the Bismarck Bank, Bismarck, North Dakota, to the creditors of said insolvent bank ... Dated February 24th, 1926. L. R. BAIRD, Receiver.
Source
newspapers

Newspaper Articles (12)

Article from The Bismarck Tribune, February 26, 1926

Click image to open full size in new tab

Article Text

NOTICE TO CREDITORS "n the Matter of the Insolvency of the Bismarck Bank, Bismarck, North Dakota. Notice is hereby given by the undersigned. L. R. BAIRD, of Bismarek, North Dakota, as Receiver of the Bismarck Bank, Bismarck, North Dakota, to the creditors of said insolvent bank and to all persons having claims against said in solvent bank to exhibit them and file them with the necessary vouch ers with the undersigned receive at his office at Rismarek, within four months after the first publication of this notice. If said claftes are not 'so filed, they will be barred from any participation in any dividends which may be paid-by the Receiver from the assets of said insolvent bank. Dated February 24th, 1926. L R. BAIRD Rec Receiver. First publication Feb. 25th. 1926. 2-26;-3-5.12-19


Article from The Bismarck Tribune, March 12, 1926

Click image to open full size in new tab

Article Text

NOTICE TO CREDITORS n the Matter of the Insolvency of the Bismarck Bank, Bismarck. North Dakota. Notice is hereby given byrthe undersigned, L. R. BAIRD, of Bismarek, North Dakota, as Receiver of the Bismarek Bank, Bismarek, North Dakota, to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarek, within four months after the first publication of this notice. If said claims are not SO filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated February 24th, 1926. L. R. BAIRD, Receiver. First publication Feb. 26th. 1926. 2-26; 3-5-12-19


Article from The Bismarck Tribune, March 19, 1926

Click image to open full size in new tab

Article Text

NOTICE TO CREDITORS n the Matter of the Insolvency of the Bismarek Bank, Bismarck, North Dakota. Notice is hereby given by the undersigned, L. R. BAIRD, of Bismarck, North Dakota, as Receiver of the Blamarck Bank, Bismarck, North Dakota, to the creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not RO filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said Insolvent bank. Dated February 24th, 1926. L. R. BAIRD, Receiver. First publication Feb. 26th, 1926. 2-26; 3-5-12-19


Article from The Bismarck Tribune, July 29, 1927

Click image to open full size in new tab

Article Text

ment Survey thereof (2 acres deeded for school house). There will be due on such mortgage at the date of sale the sum of Three Thousand Three Hundred Seventy and 95/100th Dollars ($3370.95), together with the legal fees and costs of foreclosure. Dated July 13, 1927. L. R. BAIRD as Receiver of Bismarck Bank, Bismarck, North Dakota, Assignee of Mortgagee. ZUGER & TILLOTSON, Attorneys for Assignee of Mortgagee, Bismarck, North Dakota. (7/14-21-28-8/4-11-18)


Article from The Bismarck Tribune, July 29, 1927

Click image to open full size in new tab

Article Text

filed for record in the office of the register of deeds of the County of Burleigh in the State of North Dakota, on the 23rd day of November, 1921, and duly recorded in Book 171 of Mortgages at page 129, which mortgage was on the 21st day of November, 1921, duly assigned by Bismarek Bank at Bismarek, North Dakota, to the Bank of North Da. kota. which assignment was duly recorded in the office of the regis ter of deeds of Burleigh county, North Dakota, on the 29th of October, 1925, at 9 A. M. in Book 175 of Assignments at page 265; and thereafter assigned by said assignee of mortgagee to L. R. Zaird as Receiver of Bismarck Bank on the 27th day of February, 1926, which assignment was duly recorded in book 175 of Assignments at page


Article from The Bismarck Tribune, December 13, 1927

Click image to open full size in new tab

Article Text

TAX REFUND
APPLICATION
IS REJECTED

City Commission Denies Request For Reduction of Bismarck Bank Assessment

Rejection of the application of L. R. Baird, as receiver of closed banks, for reduction of assessment and refund of taxes on the property formerly known as the Bismarck bank building was voted by the city commission last night.

The application asked that the assessed valuation of the property be reduced from $17,910 to $11,250, claiming that the full and true value is $30,000, for which the property was recently sold. Taxes amounting to $1,157.97, including penalty and interest, for 1926 were paid under protest and a refund of $357.84 was asked.

The commissioners contended that the assessed valuation of the property was none too high and that no reduction was justified.

Reports on Proposed Alley

Reporting on a petition asking the establishment of an alley running north and south in block 20, N. P. addition and block 114, original plat, City Engineer T. R. Atkinson said that a survey of the property revealed that if an alley 12 feet wide is opened there, it will be necessary to place it entirely on the east half of the block as the dwelling house of O. W. Roberts is built up to the property line on the west half of the block. It would also be necessary to move the Dirlam garage, which has a concrete foundation and floor, approximately four feet east and a small barn on the east half of the block just north of the Dirlam garage would have to be moved east about three feet the engineer stated. The block referred to is that between Rosser avenue and Avenue A, and First and Mandan streets.

J. L. Kelly and a representative of the Motor Power Equipment company appeared before the commission in regard to motorized snow removal equipment, but no action was taken towards the purchase of such machines.


Article from The Bismarck Tribune, December 15, 1927

Click image to open full size in new tab

Article Text

to Oscar Backman one Pierc Truck for the sum of $50.00 Oscar Backman to assume an bills that may be against sai amounting to $15.00. Roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. motion the Board adjourned t at 2:30 o'clock p. m. Afternoon of November 1st, 1937 The Board of County Commissioner convened at 2:30 o'clock. On rol all members were present. A large delegation of depositors o closed Bismarck Bank appeare fore the Board to discuss a way means for an audit of the Bank much discussion the Board con to take it under advisement. Motion made by Commissione and seconded by Commission Swanson that the County sell t Gaughnour Lots 1, 2 & 3 0 ction 34, Township 141, Range 81 the sum of $215.70 and that th hairman of the Board of Count ommissioners and the County Audi be authorized to sign deed fo Roll call: Swanson, aye: Sode Moynier, aye; Fricke, aye, an aye. Motion made by Commissione seconded by Commissione oynier, that BE IT RESOLVED that the count from Martin Bourgois a strip o nd two (2) rods wide for a right -way through the SE% of NEW 4 EΒ½ of SW4 of Section 33, Town 141, Range 80 for the sum o 00.00. On roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. Motion made by Commissione der, seconded by Commissione vanson, that BE IT RESOLVED that the count: to E. A. Lewis the sum of $50.0 a Barrow Pit to be used for F. A Spur to Baldwin. Roll call: Swanson, aye: Sode: Moynier, aye; Fricke, aye, an aye. On motion the following bills wer lowed, Nos. 1 to 68, subject to per taxes due or delinquent: Fisher, postage and express $ 6.4 W. Scott, excavation for road construction 765.0 11.2 H. Pilmoor, painting signs dward DeHaan, maintenance work on Moffit Road 9.3 orthwestern Bell Tele. Co., exchange service and toll and telegraph 89.6 Foundry Co., repairs 19.8 for road@machinery miel Piepkorn, maintenance work on Div. No. 2 & 3 State Road No. 6 127.5 Elness, maintenance work on Div. No. 1, State No. Road 14 $19.0 E. McCurdy, expense for October 36.0 R. Atkinson, mileage of Co. 81.0 R. Atkinson, services as Co. Surveyor 207.5 C. Rasche, maintenance work of Div. No. 2, State Road No. 36 238.0 H. Crane, justice fees 104.9 ary Cashel. witness feesβ€” insanity commissioner 2.1 , C. Jordan, maintenance work 24.0 Clothing Store, supplies for poor 53.8 Swenson. postage and and box rent 25.2 Hatley, sharpening grader blades 12.0 H. Register. member of insanity commission 2.0 ictor Moynier, witness fees9.5 Patterson vs. Burleigh Co. 81.6 ebb Brothers. burial of body ictor Moynier, county commissioner 8.0 Sullivan, road work 120.0 F. R. Smyth, witness fees and examination of patient -Insanity commissioner 7.0 L. Spear, postage for Co. Treas. office 40.0 Albin Hedstrom, matron of county jail 25.0 L. Spear, bailiff certificates 69.0 Hedstrom, mileage in criminal actions 143.8 L. Spear, witness certificates 20.6 L. Spear, petit juror certificates 20.8 E. Bothne-assign. to Co. Treas., Court Reporters 11.30 expense 20.3 L. Spear, freight 32.20 iton Beer. justice fees Soradahl, witness fees in justice court 2.1 H. Will & CO., pruning trees 4.5 3.4 bskins-Meyer. filing boards ughes Electric Co., current 79.5 for lighting court house ashburn Lignite Coal Co., coal for court house 106.48 H. Patrick, tax supervisor October expense 18.8 6.4 Taix, supplies gner Swanson, maintaining 10.8 arriett Township, care of poor 165.00 adge Runey, supt. of schools mileage 215.4 Jensen, mother's pen25.00 Geo. W. Ashlock, moth25.00 pension 8.00 R. Yates, pencils Spriggs, mother's pen. 15.00 arence Larsen, mother's 15.00 pension (Hannah Larsen) Kensrud, mother's pension 40.00 Fischer, mother's pen30.00 20.00 Runey, postage Vaskes, mother's pen30.00 Walgren, mother's ponsion 30.00 H. Register, service insanity commissioner 4.00 ollin Welch, witness insancommission 2.10 night Printing Co., legal blanks 25.1 F. R. Smyth, service as insanity commissioner and 14.00 examination of patient smarck Hospital, care of Anderson Moore 162.92 R. Jones. witness fees6.6 Insanity Commission


Article from The Bismarck Tribune, February 27, 1928

Click image to open full size in new tab

Article Text

NOTICE OF ACCEPTANCE OF BIDS Sealed bids will be accepted by the undersigned for lots 15 and 16 block 106 original plat of the City of Bismarck. known as the George Russ Property: Bids will be accepted up to and including March 9th. Bidders are asked to bring their bids to the office of the District Manager and be there personally at the time of opening. Terms of sale will be cash and the right is reserved to reject any or all bids. Signed, L R. BAIRD. Receiver of the Bismarck Bank, Bismarck. N. D. By P. A. O'KEEFFE, District Manager. (2/25-27-3/2-3) Clay tablets from ancient Babylonia and Assyria show that banking transactions, not so different from those of the present time, were carried on four or five thousand years ago.


Article from The Bismarck Tribune, February 28, 1928

Click image to open full size in new tab

Article Text

CITATION HEARING PETITION FOR LETTERS OF ADMINISTRATION STATE OF NORTH DAKOTA, County of Burleigh.

IN COUNTY COURT, Before Hon. I. C. Davies, Judge. In the Matter of the Estate of James Mullins, Deceased. L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota, Petitioner, vs. Marguerite Hubert, William J. Mullins and Maurice F. Mullins, and all other persons interested, Respondents. The State of North Dakota to the Above Named Respondents: You and each of you are hereby cited and required to appear before the County Court of the County of Burleigh, in said State, at the office


Article from The Bismarck Tribune, March 3, 1928

Click image to open full size in new tab

Article Text

NOTICE OF ACCEPTANCE OF BIDS Sealed bids will be accepted by the undersigned for lots 15 and 16 block 106 original plat of the City of Bismarck, known as the George Russ Property. Bids will be accepted up to and including March 9th Bidders are asked to bring their bids to the office of the District Manager and be there personally at the time of opening. Terms of sale will be cash and the right is reserved to reject any or all bids. Signed, L. R. BAIRD, Receiver of the Bismarck Bank, Bismarck, N. D. By P. A. O'KEEFFE, District Manager. (2/25-27-3/2-3)


Article from The Bismarck Tribune, March 6, 1928

Click image to open full size in new tab

Article Text

CITATION HEARING PETITION FOR LETTERS OF ADMINISTRATION STATE OF NORTH DAKOTA, County of Burleigh. IN COUNTY COURT, Before Hon. I. a Davies, Judge In the Matter or the Estate of James Mullins, Deceased. L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota, Petitioner vs. Marguerite Hubert, William J. Mullins and Maurice F. Mullins, and all other persons interested, Respondents. The State of North Dakota to the Above Named Respondents: You and each of you are hereby cited and required to appear before the County Court of the County of Burleigh, in said State, at the office of the County Judge of said County, at the Court House in the City of Bismarck, in said County and State, on the 20th day of March, A. D. 1928, at the hour of ten o'clock in the forenoon of that day, to show cause, it any you have. why the petition of L. R. Baird, as Receiver of Bismarck Bank, Bismarck, North Dakota. a creditor of the Estate-of James Mullins, Deceased. late of Bismarck, North Dakota, wherein the said petitioner prays for the issuance of letters of administration of said estate to Eugene Leonard, of Bismarck, North Dakota, should not be granted and letters issued accordingly. Let service be made of this citation as required by law. Dated this 27th day of February. A. D. 1928. By the Court: I. C. DAVIES, (Seal) Judge of the County Court, (2/28-3/6)


Article from The Bismarck Tribune, January 3, 1929

Click image to open full size in new tab

Article Text

GRAND JURY DRAWN BY UNUSUAL MEANS JUDGE COFFEY SAYS Method of Selecting Jurors' Names Was 'In Total Disregard of the Law' CITY TELEPHONE BOOK USED Indictments Defective, and Do. fendants Put in 'Unfavorable Position' Motion to quash indictments of 1. P. Baker. George H. Russ, Jr., and other officers of the closed Bismarck Bank, were sustained by Judge James A. Coffey in district court here today. The defendants, together with Benton Baker, son of I. P. Baker, and Arthur C. Wilkinson, were indicted by the grand jury on charges of receiving deposits in an insolvent bank and conspiring to receive such deposits. In addition Russ and Wilkinson were charged with embezzling $600 of the bank's funds. The decision of the court brings tc nothing, in so far as the bank cases are concerned, the work of the grand jury which was in session six weeks and which cost the county almost $5,000. Before quashing the indictments Judge Coftey stated in court that many irregularities vitally affecting the rights of the defendants appeared in the case He said that the methods adopted in securing names of jurors was of "a most unusual character." The method adopted, he said, in securing names to go in the jury box was in total disregard of all law. the names being taken from the city telephone book at the option and choice of one man. He said that the special assistant attorney general appointed to aid the grand jury investigation had had a previous connection with the bank depositors. He said that practically all details in the case put the defendants in an "unfavorable position" and that the indictments were defective in that names of witnesses before the grand jury were omitted. Motion to quash the indictments was entered yesterday morning and afternoon and arguments were conducted yesterday afternoon and this morning, the arguments closing at 11:20 a. m. today. The four defendants, who face 49 indictments, are I. P. Baker, Benton Baker, his son, George H. Russ, Jr., and Arthur C. Wilkinson I. P. Baker was represented by J. M. Hanley and John Sullivan, Mandan attorneys, and Russ was represented by Edward B. Cox and Gordon V. Cox. Bismarck. The motion was made by both firms. Judge Coffey this morning denied that F E. McCurdy, state's attorney had four times moved that the former bank officers be arraigned. He said that McCurdy's first motion was made last week-end. I. P. Baker and George H. Russ, Jr. were present in court yesterday and today during the presenting of the motion and arguments. The embezzlement charges against George H. Russ, Jr., and Arthur c. Wilkinson were also included in the judge's decision. It was established that no personal charge was intended against Mr. Russ and Mr. Wilkinson and the basis of the whole charge was a technical proposition involving the method of handling a Minnesota bank's cashier check turned over to the bank for collection, and the credit for which was in the bank in the books at the time the bank closed. The motion to quash charged that the indictments were not found. endorsed and presented. or filed as prescribed by law; that the names of the witnesses examined before the grand jury were not inserted in the indictments; that persons were allowed in the jury room unlawfully when the jurors were considering the charges; that the defendants had not been held to answer before any court before the finding of the indictment: that the said grand jury was not called under the provisions of the law: that certain of the jurors were not lawfully qualified: that the grand jury was not legally constituted: that many of the jurors were in the postion of prosecutors; that certain of the jurors acted partially: that one of the jurors was under a suspended all sentence and that the prosecutors xerted pressure on him to vote for indictment; that the grand jury recived testimony that was not given by witnesses produced and sworn be. ore the jury that John Knauf. speial prosecutor aiding the grand jury, ad been connected with the depestora in the closed bank previous. to he grand jury investigation: that he state's attorney requested the at orney general to appoint Knauf ⑉ special that sitors had instituted a false rumor that records f the Bismarck Bank had been with old from the inspection the positors; that the price # he calling of the grand jury leavered to have the harged with some criminal hat they be might in nally he bank; rune