8913. Peoples State Bank (Bessemer, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 1, 1933
Location
Bessemer, Michigan (46.481, -90.053)

Metadata

Model
gpt-5-mini
Short Digest
7efc5549

Response Measures

None

Description

Multiple contemporary articles (May–Dec 1933 and into 1934) refer to Fenton J. Manning as receiver of the Peoples State Bank of Bessemer, indicating the bank had closed and a receiver was appointed. No article describes a depositor run; coverage concerns receiver actions (sales, suits, bond receipts). Therefore this is classified as a suspension leading to permanent closure/receivership. Dates are approximate when only month/year is available.

Events (6)
1. May 1, 1933 Suspension
Cause
Government Action
Cause Details
Court-appointed receiver (bank closed and receiver Fenton J. Manning named); orders and sales by receiver published in mid-1933 court notices and newspapers.
Newspaper Excerpt
the receiver of the Peoples State bank.
Source
newspapers
2. May 5, 1933 Receivership
Newspaper Excerpt
sale ... is being held by the receiver of the Peoples State bank. The unpaid balance ... (Ironwood Daily Globe 1933-05-05). Fenton J. Manning, receiver of Peoples State bank, named in multiple notices and suits throughout 1933-1934. }
Source
newspapers
3. July 21, 1933 Other
Newspaper Excerpt
Fenton J. Manning as Receiver of the Peoples State Bank a Corporation ... shall sell at public auction ... (Bessemer Herald 1933-07-21).
Source
newspapers
4. December 19, 1933 Other
Newspaper Excerpt
The first bonds ... have been received by Fenton J. Manning, receiver of the Peoples State bank of Bessemer. (Ironwood Daily Globe 1933-12-19).
Source
newspapers
5. February 19, 1934 Other
Newspaper Excerpt
Bank Receiver Seeks $15,000 Judgment Against Bessemer Man. ... The reply of Fenton J. Manning, Peoples State bank receiver, to the answer ... has been filed. (Ironwood Daily Globe 1934-02-19).
Source
newspapers
6. October 26, 1934 Other
Newspaper Excerpt
Fenton Manning, receiver for the closed Peoples State Bank, has filed suit ... (The Bessemer Herald 1934-10-26).
Source
newspapers

Newspaper Articles (8)
1. May 5, 1933 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, May 5, 1933

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Article Text

BANK RECEIVER WILL OFFER MILL PROPERTY Personal property of the Farmers Milling and Elevator Co, one of Bessemer's older businesses will be offered to the highest bidder on May 10 to satisfy $6,000 chattel mortgage dated Nov. 27, 1922. The sale IS being held by the receiver of the Peoples State bank. The unpaid balance PETER GEDDA DANCE Legion and Auxiliary members of the Peter Gedda post will hold private dance at the Legion clubrooms tomorrow night. A good attendance is desired. Dewey Johnson of Duluth returned today after brief visit here with his father, Jim Johnson and other relatives. Mrs. Paul Michetti and James Galetto of Laurium were guests of Mr. and Mrs. Joseph Michela yesterday. Mr and Mrs. Gust Johnson and family of Minneapolis will leave tomorrow after visit with relatives and triends in Bessemer and Ironwood. They attended the funeral of Hilmer Johnson, son of Mr. and Mrs. Otto Johnson of Ironwood.

2. July 21, 1933 The Bessemer Herald Bessemer, MI
Article from The Bessemer Herald, July 21, 1933

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Article Text

# I ! FOR have returned from Tirginia. Visa, where they entered the Hh of Mike realt first place and Charley got third. Charles also took first in the of this city ber who for the past sereral years has resided at Seattle, Wash has accepted a position at intime held at the council chambers. Iver H. Hagen was elected manager of the local ball team. keeper at the Celler mine and now with friends here this week. George Beddow. F. J. Sallivan and W. H. Moore were down from Ironword in their auto Sunday and took Miss Battie Schwartz left Menday for Chicago where she will continue her staties for a name. 35 Years Age. July 23. 1898 Phil Bennetts and family returned to the city from South Africa this week Mr. Branetts has been ab sent four years and Mrs. Beauetts and family juined him there two years age. er so well known - the Gogebic range. now resides - the shore of Lake Gegebic. He is .3 years of age and is still rebert and active. Frank Hass chemist at the Tilden laboratory. has rented the residence - Mary street recently vacated by M. I. Phil Becker. of the the residence of c. M. Boas on Sellar The balletin beard containing news of the Spanish American war has been moved from the Herald office to F. H. Learelvong's hardware store. corner Longrear and Sophie streets. Ed. Stripe. formerty a resident of this city, now resides at Calumet August 4th. NOTICE OF SALE State of Michigan in the Circuit Court for the County of Gegebic. in Chancery Featon J. Manaing as Receiver of the People State Bank a Corporation In personnce of a decree of the circuit court for the County of Gogebic. made and entered on the and day of June 1. D. 1933. in the above entitled cause. I the subscriber. a Circuit Court Commissioner of the Coun" of Gogebic shall sell at public auction or readue to the highest bidder at the front (being the east) door of the court house is the City of Beasemet. in the County of Gogebic. on the e'clock in the afternoon. onthar day these certain lands and premises. situnted in the City of Bessemen Counand described as follows: Loc numbered eleven (11) in Block numbered two (2) in Karsty's Addider to the City of Besserner. Michigan: in which description Karsty's Addition = hereby changed to Karste's Addition to accordance with the prayer of the BEI of Complaint. Dated this Neb êtr of June, A. D. BELNONT WAPLES Business Address being hereby appointed for the instion and adjustment of all claims and demands against said deceased. It is Further Ordered. That public notice thereof be given by publication of a copy of this order for three succentire weeks previous to said day of bearing. in the Bessemer Herald a newspaper printed and circulated in said county. X. E. NOLAN. Judge of Probate. A true copy: W. B. FACHL Register of Probate. 6-30-7-21

3. September 2, 1933 The Wakefield News Wakefield, MI
Article from The Wakefield News, September 2, 1933

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Article Text

Ing From expectancy It had changed 1 solden darkness curtained her Be shocted bis greeting. "Who the Sept. will held at the Town to be attached bona fide male and and thirtyschool education or its CONSERVATION Fishermen Feared Lost, Return The four Ironwood fishermen who failed to return by Monday noon from Sunday fishing trip to the Presque Isle river, thereby causing some anxiety for their safety, were unable to get back to the mouth of the Black river because of the heavy sea running on Lake Superior. The members of the party were Sam Davey, Thomas Winn, Andrew Wicklund and Harvey Gabriel. Davey and Wicklund hiked overland from the Presque Isle to the Black river, arriving early Monday afternoon, and bringing word that their companions were safe. Sept. Sept. 23 PROBATE NOTICE Order Appointing Time For Hearing Claims STATE OF MICHIGAN, The Probate Court for the County of said held at the ProAt session hate Office the 30th day of August, D. County, on the 1933. Present: Hon. M. E. Nolan, Judge of Prothe Matter of the Estate of John BachDeceased. the Court that the time for appearing to of the claims against said estate should be limited, and that time and place receive, adjust appointed against said deceased and before Ordered, That all creditors of said deceased are required present their claims to Court said Probate Office day 1934, fore the o'clock the forenoon, said time ten being hereby appointed for place and adjustment of all claims and ation mands against Ordered, That public notice It Further by publication copy of thereof this order for three successive weeks said day the Wakefield printed and circulated in News, said county. M. E. NOLAN, Judge of Probate. true Register of Probate. Ang. 19 Sept. PROBATE NOTICE Order Appointing Time For Hearing Claims STATE OF MICHIGAN, The Probate Court for the County of Gogebic. At session of said Court, Bessemer held at the ProOffice the city on the 9th day county, Hon. Nolan, Judge of Pro- the Matter of the Ted Estate Kelly. of Deceased. Timothy Kelly. also known to the Court that the time for the estate should and that time and place appointed to examine adjust claims and demands against said deceased before said Court: Ordered. That all creditors of said derequired their claims are at said Probate Office before the 20th day of December, 1933, ten in the forenoon, said time and place being hereby appointed for the examination and claims and demands said Further Ordered, That public notice thereof be given by publication of copy this order for three successive weeks previous said hearing, in the Wakefield News, newspaper printed and circulated in said county. M. E. NOLAN. Judge of true Register of Probate. Aug. 19 PROBATE NOTICE Sept. Order Appointing Time For Hearing Claims STATE OF MICHIGAN, The Probate Court for the County At session of said Court, held at the Probate Office the city of the 17th August, 1933. Present, Hon. Nolan, Judge of PreIn the Matter of the Estate of Anna Matappearing the Court that the time for presentation of the against said estate should be and that time appointed to receive, adjust claims and demands against said deceased before Ordered, That all creditors of said deceased are required their claims to Court at said Probate Office before the 20th day December, 1933, ten forenoon, said time place being hereby appointed for the examination and adjustment of all claims and demands deceased. Further Ordered. That public notice thereof be given by publication copy this for three successive said day hearing, in the Wakefield News, newspaper printed and circulated in said M.E. NOLAN, Judge of Probate. true Register of Probate. Aug. 11 NOTICE OF SALE Sept. 22 STATE OF In the Circuit Court for the County of Gogebic, In Chancery. Fenton J. Manning, Receiver of Peoples State Bank, a corporation, Plaintiff Lorenze Kruzona, Defendant. In pursuance of decree of the Circuit Court for the County Gogebic. entered on the 31st day of D. 1938, in the above entitled cause: decree has duly assigned Fenton Manning, Receiver Peoples State Bank, corporation, Alexander by assignment dated and filed the Court missioner the County Gogebic, public auction or vendue to the highest bidder the front (being east) door the court house in the City Bessemer. the 26th day SepCounty 2:30 o'clock the afternoon. tember, day these certain lands and situated the County State of Michigan, and deGogebic, scribed follows: eleven (11) and twelve (12) Block tweive Hibbing's City Bessemer. Dated dition this to 9th day of August, D. 1932. Circuit Court ROBERT BURNS. County, Michigan. BELMONT Attorney Plaintiff, Business Address: Ironwood, Michigan.

4. December 19, 1933 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, December 19, 1933

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Article Text

FINANCING PROGRAM POSSIBLE BY BONDS The first bonds sent to Gogebic county for the government project of refinancing mortgages have been received by Fenton J. Manning. receiver of the Peoples State bank of Bessemer. from the Home Owners Loan corporation at St. Ignace. Mr. Manning expects to receive additional bonds later.

5. December 19, 1933 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, December 19, 1933

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Article Text

FINANCING PROGRAM POSSIBLE BY BONDS The first bonds sent to Gogebic county for the government project of refinancing mortgages have been received by Fenton J. Manning. receiver of the Peoples State bank of Bessemer, from the Home Owners Loan corporation at St. Ignace. Mr. Manning expects to receive additional bonds later.

6. February 19, 1934 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, February 19, 1934

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Article Text

TO J. OCHIS SUIT Bank Receiver Seeks $15,000 Judgment Against Bessemer Man. Bessemer, Feb. 19. - The reply of Fenton J. Manning, Peoples State bank receiver. to the answer and cross blil filed by attorneys for Joseph Ochis, Bessemer, in the suit of the former to secure a $15,000 judgment against Ochis on promissory notes and a bank stock assessment, has been filed. In the cross bill Mr. Ochis has asked $14,000 set off on account counter claims. Notice of motion for summary judgment and affidavits III support have been filed in the suit of Jacob Wakkinen VS the Metropolitan Life Insurance Co. Judgment of $528 and costs is sought. The Insurance company refused to pay the amount of policy on the life of Sandra Wakkinen on the ground that her application for the policy declared she healthy when she was actually ill with tuberculosis. The latest type of autogiro, designed and built by Juan Cierva, has wings and the diameter of the rotor is correspondingly increased. In a recent test it took off after a run of only 10 yards.

7. February 19, 1934 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, February 19, 1934

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Article Text

REPLIES TO J. OCHIS SUIT Bank Receiver Seeks $15,000 Judgment Against Bessemer Man. Bessemer, Feb. 19. The reply of Fenton J. Manning. Peoples State bank receiver. to the answer and cross bill filed by attorneys for Joseph Ochis, Bessemer, in the suit the former to secure $15,000 judgment against Ochis on promissory notes and a bank stock assessment, has been filed. In the cross bill Mr. Ochis has asked $14,000 set off on account of counter claims. Notice of motion for summary judgment and affidavits III support have been filed in the suit 01 Jacob Wakkinen VS the Metropolitan Life Insurance Co. Judgment of $528 and costs is sought. The insurance company refused to pay the amount of policy on the life of Sandra Wakkinen on the ground that her application for the policy declared she was healthy when she was actually all with tuberculosis. The latest type of autogiro. designed and built by Juan Clerva, has no wings and the diameter of the three-bladed rotor is correspondingly increased. In B recent test it off after a run of only 10 yards.

8. October 26, 1934 The Bessemer Herald Bessemer, MI
Article from The Bessemer Herald, October 26, 1934

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Article Text

Bank Receiver Files Suit Against Fair Fenton Manning. receiver for the closed Peoples State Bank, has filed suit in circuit court to recover $3,000 from the old Gogebic County Fair Association on $2,250 note dated Feb. 15, 1932. plus interest. The fair association was dissolved by the board of supervisors at its annual meeting this month. Management of future fairs and the grounds was placed under the county agricultural committee and the road commission respectively.