Bank of Edgerton (Edgerton, SD)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 2, 1895
Location
Edgerton, South Dakota (43.339, -98.827)
Bank Type
private

Metadata

Episode ID
Bank ID
City ID
461265743
Model
gpt-5-mini
Short Digest

Notes

Manager/owner Irving H. Welch has assigned and an assignee was named, indicating insolvency and assignment to an assignee.

Events (1)
1. January 2, 1895 Receivership
Newspaper Excerpt
Irving H. Welch, manager and owner of the Bank of Edgerton, of this place, has assigned. Henry Harding ... is assignee.
Source
newspapers

Newspaper Articles (2)
1. January 3, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 3, 1895

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Article Text

Edgerton Banker Assigns

EDGERTON, S. D., Jan. 2.-Irving H. Welch, manager and owner of the Bank of Edgerton, of this place, has assigned. Henry Harding, the county treasurer, whose term expired Jan. 1, 1895, is assignee. Welch has had the county funds, and is unable to pay, and it IS presumed the assignment is made to protect the county treasurer. Assets and liabilities are unknown at this time, but it is supposed that they are about equal, and that no one will lose much.

2. January 4, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, January 4, 1895

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Article Text

South Dakota Banker Assigns

EDGERTON, S. D., Jan. 4.-Irving H. Welch, manager and owner of the Bank of Edgerton, has assigned. Assets and liabilities are unknown at this time, but it is supposed that they are about eqn::1 and that no one will lose much.