8361. Barnesville National Bank (Barnesville, MN)

View Charter #6098 on SPMC

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 6098
Charter Number: 6098
Start Date: January 14, 1914
Location: Barnesville, Minnesota (46.652, -96.420)

Metadata

Model: gpt-5-mini
Short Digest: 520384c6baed2d35

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate: 27.0%
Date receivership started: 1914-01-14
Date receivership terminated: 1919-10-31
OCC cause of failure: Fraud
Share of assets assessed as good: 14.1%
Share of assets assessed as doubtful: 80.6%
Share of assets assessed as worthless: 5.3%

Description

Multiple contemporaneous articles (Jan 14-15, 1914) report an unfounded-rumor-driven run that forced the Barnesville National Bank to close its doors; state/national bank examiner expected to take charge and a receiver is later referenced (Christopher H. Anheier/ J. A. Kemp). No articles indicate a reopening — receivership and asset sales follow.

Events (7)

1. January 18, 1902 Chartered

Source: historical_nic

2. January 14, 1914 Receivership

Source: historical_nic

3. January 14, 1914 Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded newspaper articles/rumors published in another town led depositors to withdraw funds.
Measures: Bank officials closed the bank's doors; telegraphed the national bank examiner; anticipated examiner to take charge.
Newspaper Excerpt: They claimed that unfounded rumors caused a run, making the closing necessary.
Source: newspapers

4. January 14, 1914 Suspension

Cause: Rumor Or Misinformation
Cause Details: Closure by officers was undertaken after a run attributed to unfounded rumors/newspaper articles; examiner expected and receiver appointment reported.
Newspaper Excerpt: The Barnesville National bank ... was closed by officials today. The state bank examiner is expected to take charge tomorrow.
Source: newspapers

5. January 15, 1914 Receivership

Newspaper Excerpt: A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says. (Jan. 15 reports).
Source: newspapers

6. March 9, 1914 Receivership

Newspaper Excerpt: All claims against the Barnesville National bank ... must be presented in proper form to Christopher H. Anheler, the receiver.
Source: newspapers

7. July 24, 1914 Other

Newspaper Excerpt: For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn. (receiver selling bank assets).
Source: newspapers

Newspaper Articles (15)

1. January 14, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, January 14, 1914

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Article Text

BARNESVILLE BANK CLOSED An Associated Press dispatch to The Forum this afternoon states that the Barnesville National bank, the oldest banking institution there. was closed by officials today. It is claimed unfounded rumors caused a run, making closing of the bank necessary. The state bank examiner is expected to take charge tomorrow. Bank officials declare that every depositor will be paid in full. In connection with the closing, it is alleged that it has been brought about by financial difficulties and disputes within the circles of the Red River

2. January 14, 1914 The Evening Times Grand Forks, ND

Article from The Evening Times, January 14, 1914

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BIG BARNESVILLE BANK IS CLOSED Oldest Institution in Minnesota City Could Not Withstand Run. Barnesville, Minn., Jan. 14.-The Barnesville National bank, the oldest here, was closed by officials today. They claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. Bank officials declare every depositor will be paid in full.

3. January 15, 1914 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, January 15, 1914

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MINNESOTA BANK CLOSED AS RESULT OF A RUN Barnesville, Minn.-The Barnesville National bank, the oldest here, was closed today by officials. It is claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. The bank officials declare every depositor will be paid in full.

4. January 15, 1914 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, January 15, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnes. ville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.

5. January 15, 1914 The Bemidji Daily Pioneer Bemidji, MN

Article from The Bemidji Daily Pioneer, January 15, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.

6. January 21, 1914 Willmar Tribune Willmar, MN

Article from Willmar Tribune, January 21, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.

7. January 21, 1914 New Ulm Review New Ulm, MN

Article from New Ulm Review, January 21, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, acrording to'a statement made by Cashler Vangerpen. Every depositor will. be paid in full, he says.

8. January 23, 1914 Morris Tribune Morris, MN

Article from Morris Tribune, January 23, 1914

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Article Text

BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that news. paper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, ac. cording to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.

9. January 29, 1914 The Sauk Centre Herald Sauk Centre, MN

Article from The Sauk Centre Herald, January 29, 1914

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Article Text

BANK IS FORCED TO CLOSE Head of Institution Says Newspaper in Neighboring Town Is Responsible for Trouble. The Barnesville National Bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank exeminer, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.

10. March 9, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, March 9, 1914

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cast is rehearsing another play for production later in the spring. T. Yuster, a junk peddler from Fargo, was before Justice Torson in the local police court last Saturday, charged with the alleged larceny of brass and other material and trespass on the property of the Dwight Baldwin flouring mills. The defendant proved he had no criminal intent and after being apprised of all the circumstances, the court dismissed the case. Gilbert T. Gilbertson, a well known farmer residing near Lawndale, passed away at a Fargo hospital Thursday morning. Funeral services were held at Barnesville last Saturday afternoon. Mrs. Ben Varholt is a sister of the deceased. State officials confiscated a large quantity of cigarette papers found in stores at St. Cloud. They were all burned up. All claims against the Barnesville National bank of Barnesville according to notice from Washington must be presented in proper form to Christopher H. Anheler, the receiver.

11. June 17, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, June 17, 1914

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EAST SIDE NOTES Mr. and Mrs. Enoch S. Peterson, who were quietly married last night, left this afternoon for Yellowstone park where they will spend their honeymoon which will be one of about two weeks' duration. According to the returns from Barnesville and elsewhere it would appear that Editor Colby's "favorites" whom he predicted as sure winners at the primaries are making a close race for the tail end positions. Rev. F. M. Eckman: The Fargo District Lutheran league will hold its annual convention in the Swedish Lutheran church of Moorhead, beginning next Saturday evening and continuing until next Monday evening. Receiver Kemp of the Barnesville National bank was a business caller at the office of Attorney Marden today. A light drizzling rain did some wetting over the city this morning, just enough to cause a postponement of different automobile trips which were scheduled by traveling men and others. Alderman Bowman reports the arrival of the sanitary fountain which is to be erected in the southside park which bears his name. He says that other improvements are projected and will soon be at the disposal of the public. An addition is being built to the Moorhead hospital, eight rooms and a full basement being added to the present room equipment of the institution, to meet the demands on the hospital. Miss Legler was hostess for a meeting of the Young People's society of the Presbyterian church, Monday evening when a very delightful time was provided. In the near future the members are to enjoy a moonlight picnic. A special service was held at Trinity Norwegian Lutheran church last evening. The speaker was H. Brekke, a active layman from Radcliffe, Ia. Members of the Moorhead chapter, Order of Eastern Star, will participate in the meeting of the grand chapter of North Dakota when it assembles in Fargo tomorrow morning in the Masonic temple. Judge Mills, chairman of the Minnesota railroad and warehouse commission, spent yesterday in his home town and after he had cast his vote he spent some time making social calls upon fellow citizens and attending to a number of business matters. He returned to the capital at St. Paul last night, where he has considerable work awaiting him. The Rogers (N. D.) Citizen: A. H. Wije came up from his home in Moorhead Thursday to spend a few days looking after his farming interests in this vicinity. Atty. E. Adams has returned from Frazee where he has been rusticating for a week or SO. Grafton, (N. D.) News and Times: Rev. H. O. Shurson has been presented with a Ford automobile by his various congregations west of town and besides a purse of $100 with which to buy gasoline and lubrication. The reverend gentleman has many friends in Moorhead who will be interested in the liberality of Mr. Shurson's present church congregations. According to a Fergus Falls paper a farmer was in that city a few days ago looking at sewing machines examined one in a local store and found that the price was $25. He states that an agent has been through his neighborhood lately selling exactly the same machine, made by the same company at the same place, for $90. The agent allows $20 on the old machine, and is said to have done a rushing business. He made an investigation and found that any dealer here would sell the machine for $25.

12. July 24, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, July 24, 1914

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FOR SALE-Se½ 31, and sw½ 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)

13. July 27, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, July 27, 1914

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# FOR SALE Se¼ 31, and sw½ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)

14. August 20, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, August 20, 1914

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FOR SALE-Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)

15. November 20, 1914 The Washburn Leader Washburn, ND

Article from The Washburn Leader, November 20, 1914

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Notice By Mortgage Sale By Advertisement Notice is hereby given that that certain mortgage, executed and de. livered by Florence D. Cary and Francis C. Cary, her husband, Mortgagors, to Christopher H. Anheier, as Receiver of the Barnesville National Bank of Barnesville, Minnesota, Mortgagee, and filed for record in the office of the Register of Deeds of the county of McLean, and state of North Dakota, on the 28th day of February A. D. 1914, and recorded in Book "B-39" of Mortgages, at page 433, will be foreclosed by a sale of the premises in such Mortgage and hereinafter described, at the front door of the Court House in the City of Washburn in the County of McLean, and State of North Dakota, at the hour of 10 o'clock a. m., on the 30th day of November 1914, to satisfy the amount due upon said Mortgage on the day of sale. The premises described in said Mortgage and which will be sold to satisfy the same, are those certain premises situated in the County of McLean, and State of North Dakota, and described as follows, to wit: The Northwest Quarter of the Northwest Quarter, and Lots one and Two of Section Twenty-nine, in Township One hundred forty seven Range Seventy nine, containing One hundred five and 80-100 acres, also Lots One, Two, Three, Four, Five, Six, Seven, Eight, Nine, Ten, Eleven, and Twelve, of Section Twenty-five, in Township One hundred forty seven Range Eighty, containing, Two hundred ninety eight and 96 100 acres, more or less according to the U. S. Government survey thereof. There will be due on such mort. gage at the date of sale the sum of Three Thousand One Hundred Thirty Four and 98-100 Dollars, exclusive of cost of foreclosure. J. A. KEMP, As Receiver of the Barnesville National Bank of Barnesville, Minnesota, a Corporation, successor to Mortgagee. A. T. Cole Attorney for Mortgagee, 714 Front Street, 17-23. Fargo, N. D.