Article records ongoing receivership (verdict against bondsmen), suggesting the bank had been placed in receivership prior to the report.
Events (1)
1.January 8, 1901Receivership
Newspaper Excerpt
In the case of the receiver of the Appleton State Bank vs. the bondsmen of B. K. Salverson, the cashier, the jury found a verdict against the bondsmen for 84.368.7
Source
newspapers
Newspaper Articles (1)
1.January 12, 1901The Washburn LeaderWashburn, ND
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Article Text
Decided Against Bondsmen
Montevideo, Minn., Jan. 8. - In the case of the receiver of the Appleton State Bank vs. the bondsmen of B. K. Salverson, the cashier, the jury found a verdict against the bondsmen for 84.368.7
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.