3327. First National Bank (Decorah, IA)

View Charter #493 on SPMC

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 493
Charter Number: 493
Start Date: November 10, 1896
Location: Decorah, Iowa (43.303, -91.786)

Metadata

Model: gpt-5-mini
Short Digest: 72d245cc

Response Measures

Full suspension, Books examined

Other: Receiver appointed and bank remained closed; receivership litigation followed.

Receivership Details

Depositor recovery rate: 46.5%
Date receivership started: 1896-11-24
Date receivership terminated: 1903-10-01
OCC cause of failure: Excessive lending
Share of assets assessed as good: 19.2%
Share of assets assessed as doubtful: 40.8%
Share of assets assessed as worthless: 40.0%

Description

Contemporary reports (Nov 10, 1896) state the First National Bank of Decorah had suffered a run for some weeks and failed to open its doors after a special examination by the Comptroller; Bank Examiner Stone was placed in charge pending appointment of a receiver. A receiver (W. H. Dent) was later appointed. The sequence is run → suspension/closure by Comptroller → receivership (permanent closure). Dates use newspaper dates when available.

Events (5)

1. August 6, 1864 Chartered

Source: historical_nic

2. November 10, 1896 Run

Cause: Bank Specific Adverse Info
Cause Details: Sustained heavy withdrawals over several weeks while the bank was unable to realize on/convert its assets quickly (poor asset quality and slow collections).
Newspaper Excerpt: the bank had suffered a run for some weeks and was unable to convert assets fast enough.
Source: newspapers

3. November 10, 1896 Suspension

Cause: Government Action
Cause Details: Closed by order of the Comptroller of the Currency after a special examination; examiner placed in charge pending receiver appointment.
Newspaper Excerpt: failed to open its doors this morning as a result of a special examination by order of the Comptroller of the Currency. Bank Examiner Stone is in charge
Source: newspapers

4. November 24, 1896 Receivership

Source: historical_nic

5. December 3, 1896 Receivership

Newspaper Excerpt: Hon. William Hamilton Dent ... is notified of his appointment as receiver of the First National bank of Decorah, Iowa.
Source: newspapers

Newspaper Articles (22)

1. November 11, 1896 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, November 11, 1896

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TWO IOWA BANKS FAIL. In One Case the Depositors Will Lose Heavily, and in the Other They Will Be Paid in Full. SIOUX CITY, Iowa, Nov. 10.-The Iowa Savings Bank failed to-day, posting a notice on its door this morning that it had suspended payment. Eri Richardson was president; George W. Wakefield, vicepresident, and F. B. Hutchins, cashier of the institution. A statement this morning showed assets in loans and discounts, $419,000; cash, $617; liabilities, due depositors, $122,000; capital stock, $250,000. The bank also had a nominal surplus of $50,000. Inability to realize on assets except at great sacrifice caused the failure. The depositors will be paid in full and the capital will be saved in part. DECORAH, IOWA, Nov. 10.-The First National Bank of this city failed to open its doors this morning as a result of a special examination by order of the Comptroller of the Currency. Bank Examiner Stone is in charge pending the appointment of a receiver. The bank had suffered a run for some weeks and was unable to

2. November 11, 1896 The Morning Times Washington, DC

Article from The Morning Times, November 11, 1896

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Iowa Banks Fail. Sioux City, Iowa, Nov. 10.-Inability to realize on its securities and heavy withdrawals of deposits caused the lowa Savings Bank to close its doors this morning. The bank's last statement shows assets $470,000; deposits, $150,000. W.P.Manley was appointed receiver. Decorah, Iowa, Nov. 10.-The First Nationa! Bank of this city failed to open its doors this morning as a result of a special examination by order of the Comptroller of the Currency. Bank Examiner Stone is in charge pending the appointment of a receiver. The bank had suffered a run for some weeks, and was unable to convert assets, fast enough. It has $75,000 capital. No statement has been made public of its condition.

3. November 11, 1896 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, November 11, 1896

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Depositors Will Lose. DECORAH, Ia., Nov. 10.-The First National bank of this city failed to open its doors this morning, as a result of a special execution by order of the comptroller of the currency. Bank Examiner Stone is in charge, pending the appointment of a receiver. The bank has suffered a run for some weeks, and was unable to convert assets fast enough. It has $75,000 capital. No statement has been made public of its condition, but it is said to be in such shape that the capital will all be lost, and depositors will lose heavily.

4. November 11, 1896 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, November 11, 1896

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$445,515,45 Total F. B. Hutchins, cashier, says the depositors will be paid in full. and there will be a surplus for the stockholders. It will take some time to realize on the assets, but the business will be closed at once. The bank occupied the block known as the Iowa Savings Bank block, but did not own the building. DUBUQUE, Nov. 10.-(Special Telegram.) -The First National bank of Decorah, Ia. suspended today. TOPEKA. Kan., Nov. 10.-The state bank commissioner has taken charge of the Bank of Hays City at Hays City, this state. The bank's deposits aggregated $37,300 and it is stated that the depositors cannot receive over 50 per cent. The failure was due to mismanagement and the recent crop failures in western Kansas.

5. November 13, 1896 Iowa State Bystander Des Moines, IA

Article from Iowa State Bystander, November 13, 1896

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IOWA BANKS FAIL. fown Savings Bank of Sloux City Has a Receiver. SIOUX CITY, Nov. 11.-Inability to realize on its securities caused the Iowa Savings Bank to close its doors. The bank's last statement showed assets, $470,000, deposits $150,000. W. P. Manley has been appointed receiver. WASHINGTON, Nov. 11.-Comptroller Eckels has closed the First National Bank at Decorab. capital $75,000, and placed Bank Examiner Stone in charge. The bank is in bad shape, being unable to realize on its aesets.

6. November 13, 1896 Iowa State Bystander Des Moines, IA

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IOWA BANKS FAIL. Iowa Savings Bank of Sloux City Has a Receiver. SIOUX CITY, Nov. 11.-Inability to realize on its securities caused the Iowa Savings Bank to close its doors. The bank's last statement showed assets, $470,000, deposits $150,000. W. P. Manley has beenappointed receiver. WASHINGTON, Nov. 11.-Comptroller Eckels has closed the First National Bank at Decorab capital $75,000, and placed Bank Examiner Stone in charge. The bank is in bad shape, being unable to realize on its acsets.

7. November 13, 1896 Twice-A-Week Plain Dealer Cresco, IA

Article from Twice-A-Week Plain Dealer, November 13, 1896

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IOWA BANKS FAIL. Withdrawals and Inability to Realize on Securities the Causes. Sioux City, Ia., Nov. 11.-W. P. Manley has been appointed receiver of the Iowa savings bank of this city. Heavy withdrawalsand slow collections caused the failure. Assets are $445,000 and liabilities about the same. Officers say they will pay in full. Decorah, Ia., Nov. 11.-The First national bank of this city failed to open its doors Tuesday morning as a result of a special examination by order of the comptroller of the currency. Bank Examiner Stone is in charge pending the appointment of a receiver. The bank had suffered a run for some weeks and was unable to convert assets fast enough. It has $75,000 capital. No statement has been made public of its condition, but it is said to be in such shape that the capital will be lost and depositors will lose heavily.

8. November 14, 1896 The Diamond Drill Crystal Falls, MI

Article from The Diamond Drill, November 14, 1896

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The twelfth annual meeting of the national horse show of America began in Madison Square garden in New York. Michael Foley was arrested at Chillicothe, O., on the charge of counterfeiting nickels, dimes, quarters and halves. Members of the Grain Dealers' National association met in Chicago and formed a national association for the protection of shippers and elected E. S. Greenlief, of Jacksonville, III., president. Two young men entered the jewelry establishment of Hermann & Co. in Chicago, bound and gagged the head of the firm and a clerk and escaped with $5,000 worth of diamonds. In a fit of jealousy William J. Goukler murdered his wife in Philadelphia by cutting her throat and then ended his own life in the same manner. The residence of Sandy Campbell, near Perrinton, Mich., was burned and Mr. Campbell's cousin, a youth 19 years of age; also Mr. Campbell's two children, aged two and six years, were cremated. The sixteenth annual session of the Farmers' National congress began at Indianapoplis. The fishing smack W. W. Story, which sailed from New York September 25 with a crew of 11 men, has been given up as lost. Charles F. Bright, 39 years old, a wealthy citizen of Reading, Pa., and Catherine Boyer. aged 19, were killed by the cars at a crossing. John Rogers, a coachman employed by Richard Brandies at White Plains, N. Y., killed William Smith, who worked about the place, and then took his own life. No cause is known for the crime. Dr. Edward H. Parker, a prominent physician, died in Poughkeepsie, N. Y., aged 73 years. He was author of the lines: "Life's race well run; life's work well done; life's victory won; now comes rest," and the lines were selected by the widow of James A. Garfield as an inscription for the tombstone of the martyred president. The annual report of Capt. N. M. Brooks, superintendent of foreign mails, shows that the sum of $5,294,756 was received by this country for mail exchanged with other countries. Only 1,516 errors were reported in the distribution of 11,518,373 letters and postal eards. J. H. Moran, 72 years old. was frozen to death near Goodland, Kan., in a blizzard. George H. Morrison. treasurer of Rensselaer county. pleaded guilty at Troy. N. Y., to the defalcation of nearly $240,000 and was sentenced to ten years and five months in prison. Dr. James S. Wintermute was murdered at Tacoma, Wash.. by Samuel Tucker. a patient, who afterwards took his own life. The Iowa savings bank at Sioux City closed its doors with liabilities of nearly $500,000. Great Britain and the United States have reached an agreement concerning the Venezuela dispute, the British yielding everything the United States asked for. Not only is the controversy to be submitted to arbitration. but all of the territory in dispute comes within the jurisdiction of the tribunal of five arbitrators. The First national bank of Decorah, Ia., closed its doors. A Northern Pacific passenger train was wrecked at Paradise Bluffs, Mont., and the engineer, George Fairchild. was killed and six other persons were badly injured. Jack Francis and Roderick Baker were killed and nine others injured, three of them seriously, by a boiler explosion in a sawmill near Lexington, Ky. The twentieth annual general assembly of the Knights of Labor began in Washington.

9. November 14, 1896 The Diamond Drill Crystal Falls, MI

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IOWA BANKS FAIL. Withdrawals and Inability to Realize on Securities the Causes. Sioux City, la., Nov. 11.-W. P. Manley has been appointed receiver of the Iowa savings bank of this city. Heavy withdrawalsand slow collections caused the failure. Assets are $445,000 and liabilities about the same. Officers say they will pay in full. Decorah, Ia., Nov. 11.-The First national bank of this city failed to open its doors Tuesday morning as a result of a special examination by order of the comptroller of the currency. Bank Examiner Stone is in charge pending the appointment of a receiver. The bank had suffered a run for some weeks and was unable to convert assets fast enough. It has $75,000 capital. No statement has been made public of its condition, but it is said to be in such shape that the capital will be lost and depositors will lose heavily.

10. November 17, 1896 Decorah Public Opinion Decorah, IA

Article from Decorah Public Opinion, November 17, 1896

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CLOSED ITS DOORS. The First National Bank Taken in Custody by Examiner Stone. Seldom has the news of an unusual occurrence permeated our homes and places of business as did the announcement on last Tuesday that the First National Bank of this city had been closed. It spread from house to house in a remarkably short time, and the report was unbelieved by many until they went to the bank for themselves and found affixed to the door a notice stating that it had been closed by the bank examiner. The stability of the bank was far from suspicion, and no one expected such a crisis would occur, as for the past thirty-four years'it has held the confidence of our people, and its financial strength has been beyond question. Weare able to give no cause for this unexpected result, save that invest ments were made when it appeared that there was money to be made out of them, but the panic of '93 and other causes rendered them unsuccessful, and the hard times of the past few years have placed these investments in such shape that full value cannot be realized from them. Mr. J. H. Easton, the president, has put forth every endeavor to realize upon them, but has failed, and notwithstanding this, he expected until just prior to the closing of the bank, assistance from eastern parties that would have bridged over these difficulties, but when the National Bank Examiner arrived, it was found that the inevitable result must follow. No statement of its condition has as yet been offered, but we have authority in stating that after paying the time deposits due the bank closed with cash on hand amounting to $24,000, this being about forty per cent of the demand deposits. We hope that a final examination of the books will show assets enough to pay all depositors, which examination, however, may causesome delay, thus being considerable inconinvenience to depositors. Though nothing can be definitely stated at present, yet it is thought by many that a reorganization will be perfected, which we hope will prove to be the case.

11. November 17, 1896 Twice-A-Week Plain Dealer Cresco, IA

Article from Twice-A-Week Plain Dealer, November 17, 1896

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'AON 'SLAA 'RUSHUAN Paper Mill company assigned today for the benefit of its creditors, Assets $100,000; liabilitles, $50,000, The concern lost heavily by Chicago and Minneapolis failures. Grand Rapids, Mich., Nov. 10.John E. Wilkes, ene of the oldest dry goods merchants in this city, has filed chattel mortgages aggregating $33,000 for the benefit of his ereditors. Washington, Nov. 10. Comptroller Eckels has closed the First national bank of Decorah, la.. capital $75,000 and placed bank examiner Stone in charge. The bank is in bad shape being unable to realize on its assets. Sioux City, Iowa, Nov. 10.-Oa application of L. T. Richardson, W. T. Manley was this morning appointed receiver of the Iowa savings bank of this place. Washington, D. C. Nov. 10.-The comptroller of the currency has appointed receivers of national banks as follows: Yates county national bank of Penn Yan, N. Y., Simon Kinney; First national bank of Garrett, Kas., R. E Spangler; First national bank of Eddy, N. M., Isaac W. Rogers; Second national bank of Rockford, Ill.. M. H. Waldo. New York, Nov. 10.-Edward J. Ross has been appointed ancilliary receiver of the assets and property in this state of the Ross & Baker company, a New Jersey corporation, manufacturers of silk. The liabilities are reported to be over $140,000. Providence, R. I., Nov. 11.-Writs were issued Wednesday for the arrest of the two partners in the private banking house of Miller & Vaughn, who failed a week ago with about $200,000 liabilities and no assets. It is said that two customers will prefer criminal charges. Decorah, Iowa, Nov. 11.-The Beard Bros. have made an assignment. Assets at face value slightly in excess of liabilities. Grand Rapids, Mich., Nov. 10-The Detroit, Lansing and Northern rail road's entire equipment was sold under mortgage foreclosure to-day. The property was bid in for $48,000 subject to other mortgages by F. A. Nims, of Muskegan, and J. W. Champlin, of this city, who acted as committee in the interest of the bondholders. Amesbury, Mass., Nov. 11.-F. T. Choate and Phillip H. Lunt, of New bury, have been appointed assignee of the Lewis & Gross Shoe company. The company will not resume business. New York, Nov. 11.-Clapp & Co , dealers in stocks and grains, have failed. Last might the firm made an assignment to William T. Davis, Jr. The failure occasioned some surprise as the firm has been credited with doing a very large business during the last five years of its existence in this city. The attorneys for the assignee say that it is assumed from all indications that the liabilities will amount somewhere in the neighborhood of $150,000. Ridgway, Pa., Nov., 12.-The Mc. Ewen Manufacturing company manufacturers of machinery, made an assignment Thursday morning. Allentown, Pa., Nov. 12.-Two exe cutions for $100,000 each were Thurs day afternoon entered against the Catasaqua Manufacturing company with clause of scire facias to show cause by December 7 why the company's chartered rights, rolling mills etc., should not be sold. The cold weather has brought & 'arge influx of tramps to the city and pplications for lodgings have be

12. November 21, 1896 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, November 21, 1896

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The News Condensed Important Intelligence From All Parts. DOMESTIC. The twelfth annual meeting of national horse show of America bega: in Madison Square garden in New York Michael Foley was arrested at Chil licothe, O., on the charge of counter feiting nickels, dimes, quarters halves. In a fit of jealousy William J. Goukle murdered his wife in Philadelphia cutting her throat and then ended own life in the same manner. The residence of Sandy Campbell near Perrinton, Mich., was burned Mr. Campbell's cousin, a youth 19 years of age; also Mr. Campbell's two children, aged two and six years, were mated. John Rogers. a coachman employed by Richard Brandies at White Plains N. Y., killed William Smith, who worked about the place, and then took his life. No cause is known for the crime The fishing smack W. W. Story which sailed from New York September 25 with a crew of 11 men, has been SU dn THE Charles F. Bright, 39 years old, wealthy citizen of Reading. Pa., Catherine Boyer, aged 19, were killed by the cars at a crossing. The sixteenth annual session of the Farmers' National congress began Indianapoplis. The annual report of Capt. N. Brooks, superintendent of foreign mails, shows that the sum of $5,294,75 vas received by this country for mail exchanged with other countries. Only 1,516 errors were reported in the distrioution of 11,518,373 letters and postal cards. Dr. Edward H. Parker, a prominent physician, died in Poughkeepsie, N. aged 73 years. He was author of the lines: "Life's race well run; life's work well done; life's victory won; comes rest," and the lines were selected by the widow of James A. Garfield as inscription for the tombstone of the martyred president. Dr. James S. Wintermute was dered at Tacoma, Wash.. by Samuel Tucker, a patient. who afterwards his own life. J. H. Moran, 72 years old. was frozen to death near Goodland, Kan., in olizzard. George H. Morrison. treasurer of Rensselaer county. pleaded guilty Troy, N. Y., to the defalcation of nearly $240,000 and was sentenced to ten years nd five months in prison. The Iowa savings bank at Sioux City losed its doors with liabilities of y $500,000. Great Britain and the United States have reached an agreement concerning he Venezuela dispute, the British yieldng everything the United States asked for. Not only is the controversy to submitted to arbitration, but all of the erritory in dispute comes within the urisdiction of the tribunal of five itrators. The First national bank of Decorah, a., closed its doors. A Northern Pacific passenger train as wrecked at Paradise Bluffs. Mont., nd the engineer. George Fairchild, tilled and six other persons were badly niured.

13. November 24, 1896 Decorah Public Opinion Decorah, IA

Article from Decorah Public Opinion, November 24, 1896

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THE BANK TROUBLE. No Special Developments, Further than Those Already Stated. The stockholders and patrons of the First National Bank are as much in the dark as ever ad to the final outcome of the bank failure. Nothing of interest has as yet been made known except the recording of several deeds by J. H. Easton, which transfers his homestead in this city and several plats of land in the county to his brother, Frederick S. Easton, of Lowville, N. Y. We do not wish to make any statements without full justification, and as no progress as to a settlement has, as we go to press, been made, we can assure our readers of nothing, but presume that a receiver will soon be appointed, who will doubtless make a statement of its condition as soon as practicable. This paper will endeavor to keep the public fully informed in all particulars regarding the bank, as fast as they may be made public, but any ideas that we might now advance would simply be conjectures, and without proper authority. A meeting of depositors is called for tomorrow afternoon at the court house, at which time further de velopments will probably occur.

14. December 3, 1896 Reporter and Farmer Webster, SD

Article from Reporter and Farmer, December 3, 1896

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Nearly a famine exists in portions of Louisiana. Iowa gold Democrats have decided to maintain their organization. A St. Louis firm has received an order for ten tons of dynamite for Cuba. Hon. William Hamilton Dent of Le Mars, Iowa, is notified of his appointment as receiver of the First National bank of Decorah, Iowa. Texas, at the election of Nov. 3, cast more than 550,000 votes. The plurality of Bryan over McKinley is 150,000. Andrew F. Burleigh has filed a petition with the federal court asking his discharge as receiver of the Northern Pacific railway. A flowing oil well has been discovered at the bottom of San Francisco bay. It is located about 500 yards to the south of Goat island. The cruiser Marblehead is lying at anchor off Tompkinsville, S. I., having arrived in port after a cruise of nearly three years. Two months ago Henry Wescott of Forest City, N. Y., was placed under a spell by a traveling hypnotist and he cannot be aroused. Dr. Albert Byrnes of Galesburg, Mich., discovered gold bearing quartz close to the Menominee river, eight miles west of Stephenson. There is a big fight on between the Wiggins Ferry company and the Interstate Sand and Ferry company over the exclucive right of business between St. Louis and East St. Louis. J. F. J. Archibald, the ethnologist, proposes to use a halloon to reach the top of a mysterious mountain in New Mexico and investigate the tradition that a colony of Navajoes died there. The semi-centennial commission met at Salt Lake, Utah, last evening to take steps for the necessary arrangements for the celebration next July of the fiftieth anniversary of the arrival of the pioneers in Omaha. The Streator (Ill.) street railway company has ceased operating its plant and is now in the hands of a receiver. The road was built in 1890 at a cost of $250,000. The plant has not paid expenses the past three years. To settle a dispute as to the superiority of one keyboard over another a match has been arranged between four typewriters in New York and Brooklyn, to take place in a pitch dark room and continue until 1,000 words shall have been written. The report of a probable sympathetic strike of miners in other camps in aid of the Leadville strikers is declared to be unfounded. Union officers declare no such move is contemplated at present by the Western Federation of Miners or any of its branches.

15. December 29, 1896 Decorah Public Opinion Decorah, IA

Article from Decorah Public Opinion, December 29, 1896

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NATIONAL BANK MATTERS. / Receiver Dent, of the First National Bank is as anxious as anyone to relieve those who are suffering financially on account of the bank failure, and has sent us a very kindly letter, which we take the liberty to publish in full for the benefit of our readers:EDITORS PUBLIC OPINION: The Receiver of the First National Bank wishes it to be known that he is prepared to act promptly upon any claim presented against the bank. He is very anxious to relieve the situation of the money stringency here, caused by the failure of the First National Bank, and if the claimants will present their claims at once, the Receiver believes the Comptroller of the Currency will order a dividend in January. It is to be hoped, therefore, all claims will be presented without delay. The distribution of even a small dividend by the Comptroller of the Currency to the creditors of the bank will greatly relieve many and certainly help each merchant in the county and many farmers just now while business is SO dull and farm products SO low. If the papers of Decorah will kindly make mention of the above, or an abbreviation of above thoughts, I will feel obliged to them. You can readily see that an early distribution to the creditors of the bank is extremely desirable, and the idea is I wish to lend my best assistrnce in that direction. Yours very truly, WILLIAM H. DENT, Receiver.

16. March 30, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, March 30, 1897

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would have in the supposed deal between that road and Mr. Hill's Great Northern. Opinions differ in that respect, but it is believed by those who profess to have information of an authoritive kind, that the two companies would be operated with comparative harmony, although possibly not in conjunction. GULF'S PRESIDENT RESIGNS. Kansas City, Mo., March 29.-E. L. Martin, president of the Kansas City, Pittsburg and Gulf, resigned this afternoon. A. E. Stillwell, vice president and general manager, was chosen by the board of directors to succeed him, and Mr. Martin was immediately appointed to fill the vacancy made by Mr. Stillwell. The board voted a leave of absence of six months to Mr. Martin, whose health has been poor for some time. E. L. Martin has been president of the road since it was Arst organized in 1890 as the Kansas City, Nevada and Fort Smith railway. Robert Gilham, chief engineer, will be placed in his position during his absence. RECEIVER APPOINTED Buffalo, N. Y., March 29-Judge Lambert has appointed Frederick W. Áruze, of Olean, receiver for the Allegheny and Kinzcua River railroad, pendng the result of an action to recover me ney alleged to have been loaned on worthless bonds by the Central Trust company of New York. WITH INTENT TO DECEIVE. Pittsburg, Pa., March 29.-The report that the Pittsburg Plate Glass company had offered $250,000 for the Marsh Plate Glass patent is denied by the Pittsburg concern. The report, they say, was made for the purpose of deceiving the public. BUSINESS FAILURES. Louisville, Ky., March 29.-Whittingill Bros., doing a dry goods business, made an assignment this morning. The liabilities and assets are said to be about $60,000. The firm also had branch houses at Madsonville, Ky., and Huntington, W. Va. Whittingill Bros. bought the Seashols Dry Goods company here last fall. The creditors are located principally in Louisville and New York. Dull times and inability to make collections caused the failure. Columbus, Ohio, March 29.-Butler, Crawford & Co., coffee and spice mills, assigned today to H. W. Henderson. Assets about $100,000; liabilities the same, but neither amount is settled. The firm's weakness dates from the G. A. R. national encampment here in 188, when the firm lost heavily on contracts. SAVINGS BANK RESUMES. Keene, N. H., March 29.-The Keene Savings bank, which suspended some time ago, has resumed business. The institution is making loans on eastern securities, but will make none in the west at present. INSOLVENT BANK DIVIDEND. I t Washington, March 29.-The comp0 troller of the currency has declared a I dividend of 20 per cent in favor of creditors of the First National bank, of Decorah, Iowa. ( THE OZARK NATIONAL. Washington, March 29.-The comp1 troller of the currency has granted auI thority for the organization of the I Ozark National bank, of Springfield, I Mo., capital $100,000. 1

17. April 1, 1897 Courier Democrat Langdon, ND

Article from Courier Democrat, April 1, 1897

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NEWS IN BRIEF. Overflow From the Wires in a Condensed Form. The steamer Three Friends has been seized by the United States authorities at Jacksonville, Fla. E. H. McHenry, chief engineer of the Northern Pacific road, has been elected an honorary member of the Montana Society of Engineers. Most Rev. Conyngham Plunket (Lord Plunket), Protestant archbishop of Dublin, is so seriously ill that his physicians consider his condition hopeless. There was a serious landslide on the Montana Central near Helena, Mont., and a bad accident would have occurred had the track walker been negligent. The board of control of Wisconsin has recommended the commitment of Maria Ricks, the window smasher, to the Northern Hospital for Insane in that state. W. H. Dent, receiver of the First National Bank of Decorah, Iowa, has entered suit for $45,000 against James H. Easton to recover the assessment on his stock in the bank. One hundred and fifty veterans of Columbia Post 706, G. A. R., Chicago, will go South in response to an invitation requesting them to attend the Tennessee centennial, which opens in Nashville May 1. The plant of the Signal-Recorder at Chadron, Neb., has been sold under a chattel mortgage. The paper has appeared under the old name of the Recorder. Its politics have not yet been defined, the editor taking a non-partisan stand in his salutatory. United States Consul Buford at Paso Del Norte, has advised the department of state that the Mormon authorities in Mexico have denied that the "Colonia Hidalgo" colonization scheme has any connection with their church. The colonists have all left. The central W. C. T. U. at its meeting in Willard hall, Chicago, has adopted a resolution against kinetoscope exhibitions of the Corbett-Fitzsimmons prize fight. A committee was appointed to work for the passage of a city ordinance forbidding the exhibition in Chicago. In the circuit court at Chicago Judge Horton refused to dissolve the temporary injunction against the telegraph companies and the board of trade, restraining them from removing "tickers" and supplying market quotations to a number of firms and individuals. The decision is a practical victory for the bucket shops. The fruit canners, salmon packers and other exporters of tinned food products at San Francisco are alarmed at the provision of the Dingley tariff bill abolishing the drawback on exported cans and boxes made from dutiable tin plates. The San Francisco fruit exchange has sent communications by wire and mail protesting. Two chattel mortgages given by the Mekel Stamp and Publishing Company of St. Louis to creditors have been filed for record. The first is for $13,282, to W. B. Bechtold, as trustee of the Bechtold Printing company and others for whom he acts as trustee. These are made preferred creditors, who number eighty-two. The assets of the company represent over $200,000.

18. April 8, 1897 The Pioneer Press Miller, SD

Article from The Pioneer Press, April 8, 1897

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# NEWS IN BRIEF. Overflow From the Wires in a Condensed Form. The steamer Three Friends has been seized by the United States authorities at Jacksonville, Fla. E. H. McHenry, chief engineer of the Northern Pacific road, has been elected an honorary member of the Montana Society of Engineers. Most Rev. Conyngham Plunket (Lord Plunket), Protestant archbishop of Dublin, is so seriously ill that his physicians consider his condition hopeless. There was a serious landslide on the Montana Central near Helena, Mont., and a bad accident would have occurred had the track walker been negligent. The board of control of Wisconsin has recommended the commitment of Maria Ricks, the window smasher, to the Northern Hospital for Insane in that state. W. H. Dent, receiver of the First National Bank of Decorah, Iowa, has entered suit for $45,000 against James H. Easton to recover the assessment on his stock in the bank. One hundred and fifty veterans of Columbia Post 706, G. A. R., Chicago, will go South in response to an invitation requesting them to attend the Tennessee centennial, which opens in Nashville May 1. The plant of the Signal-Recorder at Chadron, Neb., has been sold under a chattel mortgage. The paper has appeared under the old name of the Recorder. Its politics have not yet been defined, the editor taking a non-partisan stand in his salutatory. United States Consul Buford at Paso Del Norte, has advised the department of state that the Mormon authorities in Mexico have denied that the "Colonia Hidalgo" colonization scheme has any connection with their church. The colonists have all left. The central W. C. T. U. at its meeting in Willard hall, Chicago, has adopted a resolution against kinetoscope exhibitions of the Corbett-Fitzsimmons prize fight. A committee was appointed to work for the passage of a city ordinance forbidding the exhibition in Chicago. In the circuit court at Chicago Judge Horton refused to dissolve the temporary injunction against the telegraph companies and the board of trade, restraining them from removing "tickers" and supplying market quotations to a number of firms and individuals. The decision is a practical victory for the bucket shops.

19. December 22, 1897 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, December 22, 1897

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William H. Dent, as receiver of the First National Bank of Decorah, respondent, vs. Louise M. Matteson et al., appellants. A stockholder of a national bank who held ten shares of its stock died, his estate was administered upon and the assets, including said stock, were distributed to his widow, heirs and next of kin, but the stock was never transferred on the books of the bank to either the administrator or the distributees; thereafter the bank became insolvent and the comptroller of the currency appointed a receiver for it and made an assessment on its stockholders, under section 5151, U. S. Rev. Stat., to pay its debts; in an action by the receiver against said distributees to recover of them the amount of said assessment on said ten shares. Held, the claim was a contingent one, which did not become absolute until the bank had become insolvent, and as this was after the time to file claims against the estate had expired this action can be maintained under chapter 77, G. S. of Minn., against the distributees to recover to the extent of assets received by them, notwithstanding the provisions of section 5152, U. S. Rev. Stat. Order affirmed. -Canty, J.

20. July 2, 1898 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, July 2, 1898

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Carl J. Carlson, respondent, vs. St. Louis River Dam and Improvement Company, appellant. Syllabus-1. Several miles above plaintiff's land the defendant corporation built two dams across the Cloquet river, and one on its tributary, each twenty feet high and thereby restrained and collected large quantities of water of said streams, and by means of sluices, floodgates and locks discharged said water in large volumes into the channel of said Cloquet river below said dams, whereby said river suddenly rose above its usual natural and ordinary high-water mark and thereby overflowed the plaintiff's land and greatly injured and damaged the same. Held, That this was a taking of the plaintiff's land within the meaning of the constitution Art. 1, sec. 13, which the defendant had no right to do without plaintiff's consent or without first paying compensation therefor. 2. Conceding without deciding that the defendant corporation under the power conferred upon it by statute, has the right to build dams across navigable streams for the purpose of aiding in floating logs to market and to mills during seasons of low water, yet this right is subordinate to that of the riparian owner to have his and free from overflow and damage caused thereby, if such damage is the result of so raising the waters beyond the natural usual and ordinary high-water mark. 3. As the defendant has illegally caused the plaintiff's land to be overflowed and thereby damaged it, and as it threatens and intends to continue so to do, an injunction is a proper remedy. 4. The trial court committed no error in refusing defendant permission to introduce certain evidence, as it was immaterial. Order affirmed. -Buck, J. William A. Dent, as Receiver of the First National Bank of Decorah, respondent, vs. Louise M. Matteson et al., defendants, Louise M. Matteson and Charles D. Matteson, appellants. Syllabus-Dent vs. Matteson et al., 73 N. W. R. 416, adhered to. A judgment which is recovered and entered under Gen. St. 1894, sections 5918, 5920 and 5923, is proper, which provides that the plaintiff herein recover of L.

21. October 26, 1898 Decorah Public Opinion Decorah, IA

Article from Decorah Public Opinion, October 26, 1898

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HON. W. H. DENT, receiver of the defunct First National Bank of this city, renounces the free silver fallacy and writes an interesting letter by invitation of the Davenport Democrat, from which we quote briefly: "I am only in favor of the single gold standard as a basis for our money, so much so that I shall never be able to return wholly to our party in Iowa or the national democratic party so long as the platform adopted in 1896 is the standard, and it seems the controlling powers must still recognize the sentiments resolved upon in the Chicago convention that nominated Mr. Bryan. I have been persuaded previous to 1896 to accept the judgment of the majority of my party in state and national conventions, but the populistic sentiments adopted in 1896 at the Chicago convention prohibited me from supporting Mr. Bryan for the presidency, nor has time brought to me a remorse of conscience, and I shall feel obliged to maintain an independency of party ties just as long as the democratic party insists that such platforms as the 1896 platform should be democratic. Sound money—gold, if you please—and a revision for tariff laws, appeal to me as cardinal principles for a sound citizenship wishing for the good of the whole. Nor can a real lover of liberty and a free constitution, such as our forefathers endeavored to leave us, feel otherwise than secure under the party banner adopting these cardinal principles."

22. November 1, 1898 Twice-A-Week Plain Dealer Cresco, IA

Article from Twice-A-Week Plain Dealer, November 1, 1898

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The milk in the W. H. Dent cocoanut is thus accounted for by a Decorah correspondent of the Telegraph: The great William Hamilton Dent whom some of the republican papers are rejoicing so loudly over, holds a nice fat job as receiver of the First National bank of Decorah at $10 a day. He may be seen on the streets of the city almost any time of day from 9 to 9 and is very busy having a good time and helping the poor depositors get rid of the little remaining assets of the above named defunct institution. One month more and he will have received about $7,000 for work any $40 a month school teacher could perform. He would be very ungenerous indeed if he did not say something in favor of the monetary system that creates such jobs for such dear people.