First National Bank (Sioux Falls, SD)

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TROUBLE AT SIOUX FALLS Full Particulars of the Financial Difficulties. One National Bank Sues Another for $16,000. SIOUX FALLS, Dak. Jan. 15.-A heavy run was made on the First National bank of this city, yesterday, caused by the closing of the bank on an attachment issued by the Sioux Falls National because of the non-payment of a check given by the cashier of the former bank to C. K. Howard, county treasurer, It has been the general supposition for some time that Howard was behind in his accounts. When the board of county commissioners were settling with the treasurer Wednesday, he was requested to produce the cash balance of $27,000. Howard stated the money was in the First National bank where he had been depositing the county funds for years, but that was not satisfactory, and the board insisted that he must bring the money to them. Whereupon Howard went to and brought the $27,000 including the cashier's check payable to the order of C.K. Howard for $16,000. Howard endorsed the check and turned it over to the commissioners, who, instead of going to the First National, went to the Dakota National to deposit the whole amount, but the check was declined. They then went to the Sioux Falls National where the check was accepted, but when the cashier of the Sioux Falls National presented the check to the First National, payment was refused, saying Howard had drawn on Chicago and the drafts were refused but had been previously passed to his credit. Whereupon the Sioux Falls National brought suit against the First National to recover the $16,000 and the bank was closed under attachment. The officers gave bonds promptly and the doors were reopened in ten minutes. The run then began and continued through yestrday and to-day but the bank continues to pay off and state they have sufficient funds to tide them over. It is not believed that Howard had any such amount of credit at the First National but the bank furnished Howard's bond and it is thought the issuing of the $16,000 check was a scheme to cover up the defalcation,

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water supply as wellas for tion. Grand Forks has just organized a farmers' hail insurance company and subscribed $75,000 stock. A new insurancecompany called the Dakota Mutual Live Stock association has been organized with headquarters at Redfield. Citizens of Crandon propose to petition the Northwestern railroad to keep the price of wheat in that town as high as at competing places. A delegation from the Turtle Mountain band of Chippewas are en route for Washington to plead their claims to the Devil's Lake land district. Surveyors find that the shack of the murdered man Lenz is on the Fort Rice reservation, hence his assailants must be tried- in the United States court. It is reported the Milwaukee road will be extended thirty-six miles west of Ipswich. Frank W. Allen has resigned as superintendent of the Caledonia mine, and is succeeded by T. L. Skinner, heretofore attorney for the company La Moure county commissioners have been ordered to show cause why they should not reimburse Stutsman county for the former's proportion of court expenses. The Yankton flax tow bleaching works are ready to begin operations. First National Bank of Sioux Falls is seized under an attachment in a suit brought by the Sioux Falls National bank. Moses Kauffman is reported to have left New Salem, leaving a good many business claims unsatisfied. Sioux Falls brokers, having been severely bitten lately, refuse to lend money on chattel mortgages. Charles L. Pool, aged nearly one hundred years, has located a claim in the Devil's Lake region. At Sioux Falls the other day Judge Palmer decided that the court had no jurisdiction to disbar a physicianfrom practice. Some of the citizens in Watertown and farmers in Codington county have formed a joint stock company for the purpose of holding county fairs. The limit of the capital stock is $10,000. Attorney Bosard says Treasurer Holman's books at Lakota were kept fraudulently from the beginning. It is also allegged that Holman's accounts ave been short for nearly a year. Hon. J. H. King has sent in his resignation as postmaster at Chamberlain. Extensive gypsum beds are being opened at Buffalo Gap. Col. Wilbur F. Steele of Northern Dakota was taken suddenly ill with an affection of the heart while in attendance on the meeting of the house publiclands committee in Washington. Mr. and Mrs. Dunning of Leola were found insensible a few mornings ago from coal gas which had escaped from a hard coal burner, and were barely saved from death Rapid City has voted for the purpose of having Rapid creek straightened at that place. There will be many acres of land reclaimed and less damagefrom freshets. The two prisoners confined in the Steele jail-one for arson and the other for murder-were caught hiding a caseknife and submerging it in water to harden it for the purpose of sawing their way out of jail. An indictment has been found against the parties who tarred and feathered W. H. Fulmer at Plankintom last summer. Thomas Fish, at Valley City, was bound over to the criminal court, charged with outraging a thirteenyear-old girl. Canton will vote in April on the proposition of bonding the city for $7,000 to put in a system of water works. L. Horton was appointed postmaster at Elizabeth, vice Cragor declined; and K. J. Husevald at Cyrur, vice Oleson. removed. The Redfield Rifles have ordered new uniforms at a cost of $850. C. K. Howard has been indicted in Lincoln county, charged with bringing diseased Texas cattle into the territory. Pennington county will vote on a proposition to bond the county for $15,000 for a jail at Rapid. Lewis Olsen, general merchandise at Caledonia, has assigned with liabilities of $9,000. A medical journal is to be published at Mitchell by Dr. Andros and Dr. Sevey. George Woolsie, fifteen years of age, was found dead on a ranch in Fall River county. He was in charge of stock, and is supposed to have accidentally shot himself. At the preliminary hearing of Cummings and the Byer brothers. the alleged horse thieves from Wyoming, at Ellendale, they were discharged. In the absence of Rev. A. P. Jones, the preacher, at Frankfort, Spink county, on a recent Sunday, his wife preached a sermon, and the congregation now want the male to Jones stay away all the time, or let his wife do W the preaching. Creditors of Michael Mead, Luverne, has taken steps to declare him insolvent. The grand jury at Huron has found indictments against John Blair and Charles Hitchcock, county commissioners during the time the court house was being built, for the misappropriation o

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Citizens of Crandon propose to petition the Northwestern railroad to keep the price of wheat in that town as high competing places. A delegation from the Turtle Mountain band of Chippewas are en route for Washington to plead their claims to the Devil's Lake land district. Surveyors find that the shack of the murdered man Lenz is on the Fort Rice reservation, hence his assailants must be tried in the United States court. It is reported the Milwaukee road will be extended thirty six miles west of Ipswich. Frank W. Allen has resigned as superintendent of the Caledonia mine, and is, succeeded by T.L. Skinner, heretofore attorney for the company. La Moure county commissioners have been ordered to show cause why they should not reimburse Stutsman county for the former's proportion of court expenses. The Yankton flax tow bleaching works are ready to begin operations. First National Bank of Sioux Falls is seized under -an attachment in a suit brought by the Sioux Falls National bank. Moses Kauffman isreported to have left New Salem, leaving a good many business claims unsatisfied. Sioux Falls brokers, having been severely bitten lately, refuse to lend money on chattel mortgages. Charles L. Pool, aged nearly one hundred years, has located a claim in the Devil's Lake region. At Sioux Falls the other day Judge Palmer decided that the court had no jurisdiction to disbar a physician from practice. Some of the citizens in Watertown and farmers in Codington county have formed joint stock company for the purpose of holding county fairs. The limit of the capital stock is $10,000. Attorney Bosard says Treasurer Holman's books at Lakota were kept fraudulently from the beginning. Itis also allegged that Holman accounts have been short for nearly a year. Hon. J. H. King has sent in his resignation as postmaster at Chamberlain. Extensive gypsum beds are being opened at Buffalo Gap. Col. Wilbur F. Steele of Northern Dakota was taken suddenly ill with an affection of the heart while in attendance on the meeting of the house publiclandscommitteein Washington. Mr. and Mrs. Dunning of Leola were found insensible a few mornings ago from coal gaswhich had escaped from a hard coal burner, and were barely saved from death. Rapid City has voted $8,000 for the purpose of having Rapid creek straightened at that place. There will be many acres of land reclaimed and less damage freshets. The two prisoners confined in the Steele jail-one for arson and the other for murder-were caught hiding a caseknife and submerging t in water to harden it for the purpose of sawing their way out of jail. An indictment has been found against the parties who tarred and feathered W.H. Fulmer at Plankinton last summer Thomas Fish, at Valley City, was bound over to the criminal court, charged with outraging a thirteen year-old girl. Canton will vote in April on the proposition of bonding the city for $7,000 to put in a system of water works. L. Horton was appointed postmaster at Elizabeth, vice Cragor declined; and K. J. Husevald at Cyrur, vice Oleson. removed. The Redfield Rifles new uniforms at a cost of $850: C. K. Howard has been indicted in Lincoln county, charged with bringing tory. diseased Texas cattle into the terriPennington county will vote on a proposition to bond the county for $15,000 for a jail at Rapid. Lewis Olsen, general merchandise at Caledonia, has assigned with liabilities of$9,000. A medical journal is to be published at Mitchell by Dr. Andros and Dr. Sevey. George Woolsie, fifteen years of age, was found dead on a ranch in Fall River county. He was in charge of stock, and is supposed to have accidentally shot himself. At the preliminary hearing of Cummings and the Byer. brothers, the alleged horse thieves from Wyoming, at Ellendale, they were discharged. In the absence of Rev. A. P. Jones, the preacher, at Frankfort, Spink county, on a recent Sunday, his wife preached a sermon, and the congregation now want the male to Jones stay away all the time, or let his wife do the preaching. Creditors of Michael Mead, Luverne, solvent. has taken steps to declare him in-

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A Receiver Named

WASHINGTON, March 11.-The acting comptroller of the currency to-day appointed J. Leslie Thompson. Vanderbilt, Dak., to be receiver of the First National bank at Sioux Falls. Dak.

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The actin comptroller of the ourrency has appointed J. Leslie Thompson, of Vanderbilt, Dakota, to be 16ceiver of the First National bank, of Sioux Falle, Dakota.

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Semi-Local Clippings, Grand View Tribune: F.C. Morgan, D. Isbell, A.J. Smith and C. J. Irwin passed through Grand View yesterday on their way home from Yankton. Diana Monitor: Yankton has a dog that belongs to Mr. R. W. Burns who invariably scents a fire, even although several blocks distant and by his sharp barks gives the alarm, often before it is discovered by others. Huron Huronite: Mail service on the Northwestern railroad out of Yankton was put on yesterday. If they will so arrange it as to give us the Press and Dakotaian a day earlier, it will be regarded & favor entitling the management to the gratitude of this office. Woonsocket Times: Judge Tripp is sustaining as a judge, the high reputa tion he so justly deserved and was ao corded, as the foremost attorney in the territory Mrs. J. D. Washburn, stenographer in Judge Edgerton's court, acceptably fills the same position under Judge Tripp. Sioux Falls Press: "J. W. Yates of Salina, Kas, is now in Sionx City for B the purpose of securing is contract for putting down sidewalks. The gentlef man bas made arrangements to put down sidewalks, crossings and gutters in Yankton and will visit Sionx Falls shortly to see about getting stone for that work." a Concerning the present condition of the First National bank at Sionx Falls the Press has the following: The sheriff moved out of the bank yesterday and took the cash with him. It is hoped that an arrangement will be made which will allow the bank's e affairs to be settled up without the intervention of the receiver. That gentleman, by the way, has not been heard d from yet, and has given no indication of being in the land of the living, to be 1say nothing of the land of promise.

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The receiver appointed for the First National bank of Sioux Falls has reached that point and expresses the hope that the matter can be settled to the satisfaction of all concerned and that if the parties are able the bank will be set on its feet again. Mr. Thompson was engaged at his stock farm in Campbell county, Dakota, where he received no. tice of his appointment, which came to him through personal acquaintance with the comptroller.

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Mr. Thompson, who has been appointed receiver of the First National bank of Sioux Falls, (recently deceased) hails from Vanderbilt, in Campbell county.

His nearest neighbor when at home, is the renowned Indian chief, Sitting Bull, at Fort Yates. Mr. Thompson saw Sitting Bull a few days before he came down to give the Sioux Falls bank a decent interment, and the old red skin is not well. He is in declining health and cannot live much longer.

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Sioux Fall Argus

The property of the First National Bank was turned over to the receiver by the sheriff pesterday. It consists of notes and ther securities to the amount about $10,000 and cash to the [amount $4,375.50.

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Grant, living seven miles southwest, exploded this morning. Both legs of Engineer Hanson were broken, and Fireman Dahl was somewhat scalded. FOR ALLEN AND EDWARDS. HOPE, DAK., Sept. 16.-The Steele county convention was held yesterday at Sherbrook. The delegates to Yankton have for first choice a - North Dakota man; second choice, Gifford. The nominations for county offices were: Register of deeds, E. L. Seymour; treasurer, K. H. Brimsdale; sheriff, B. F. Walker; district attorney, C. D. Paul: superintendent of schools, G. W. Winchell; judge of probate, R. W. Berry; coroner, Dr. H. H. Baldwin. EX-GOVERNOR ORDWAY AT SIOUX FALLS. SIOUX FALLS. DAK., Sept. 16.-Ex-Governor Ordway and Hon. Abe Boynton are in town and it is rumored that the object of their visit is to purchase and reorganize the First National bank of this city, now in the hands of Receiver Thompson.

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A Heavy Suit

SIOUX FALLS, Dak., Nov. 8.-At the November term of the district court which opens to-morrow, the famous suit of the Sioux National bank and the First National bank, growing out of the refusal of the latter, now in the hands of receivers, to pay its cashier's check for $15,000, will come up.

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DAKOTA TERRITORIAL NEWS

Coal dropped 75 cents at Aberdeen. The reason for this is a cheaper freight rate from Duluth. At Huron, a daughter was born to Gov. and Mrs. Church. Miss Maggie Dunn, teacher at a school northeast ot Highmore was frozen to death in going from the school to her home. Duncan Bartley, a farmer living near Petersburg, while trying to board a train at Niagara was run over, cutting both legs of above the knee. He was taken to Larimore for medical aid, but his death is said to be certain. Judge James Spencer writes from his home in Whitehall, N. Y., that he expects to arrive in Huron soon. McMartin and Thompson of Sioux Falls have been in Washington for several days in consultation with the controller of the currency with regard to the affairs of the First National Bank of Sioux Falls, of which Mr. Thompson is receiver. A gas company has been organized at Huron, with J. B. Kelley, J. S. Burke, D. P. Caldwell and Alex. MeRostie at its head, and a proposition has been made to the city council for putting in a plant. After the funeral of G.O. Dalemoe, and his murdered mother. it was discovered that, Dalemoe, who was treasarer of Mapleton township, has put $850 of township money where it can't befound, which adds to the crime of embezzlement to that of murder and suicide A few days ago Dalemoe con. veyed all his property to his housekeeper. a young unmarried woman, which shows that his crimes were premeditated. Mrs. Dalemoe was over 90 years old. At Lisbon, Battery A, Light Artillery, D. N. G., has elected the following officers for the ensuing year: Cap. tain, W. K. Smith; first lieutenant, Roswell Thomas; second lieutenant, Samuel Mullin. Captain Smith was re-elected unanimously. Gov. McCormack issued unconditional pardon to Thomas W. Magill for killing a blacksmith named Bessey nt Menakin. Magill had one year of term remaining to serve. 8, J. Conklin has begun publishing a monthly nt Watertown, entitled Conklin's Dakotian. Yankton Special: Sheriff Kincel went out : armed with an execution issued by the district court to take possession alot of cattle and horses belongiug to Soukup,living hear Lesterville, in this county, to satisfy a judgment for $1,100 recently rendered against him, and reports a very interesting time. When Soukup's family saw him coming they let the tattle and horses loose. And started pack of dogs after the sheriff, at the Lame time attacking him with butcher knives, revolvers, shot guns, etc. Kincel received a severe cut in the wrist and was unable to secure but one horse which he brought into the city. Warrants have been sworn out for the arrest of several members of Soukup's family, and it is said he will be arrest. ed for running off and selling mortgagproperty

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White and Hewitt for appellant and F. H. Remington, for respondent.

Henry Judson respondent, vs. Charles Bulen appellant, Kingsbury county. Attorneys-Watson & Hall for respondent and John A. Owen, for appellant.

George Hellenbeck, appellant, vs. O. H. Prior, John Paul and O. M. & St. P. railway, respondent, Sanborn county. Attorneys-N. B. Reed for appellant, W. H. Norris and Dillon and Preston for respondent.

J. L. Thompson, receiver of the First National bank of Sioux Falls, D. T., appellant, vs. John McKee respondent. Minnehaha county. Attorneys-Coughron and Martin for appellant, Bailey and Davis for respondent.

N. Myrick, respondent, vs. R. A Bill and W. W. Bill, appellant. Stutsman county. Attorneys-White and Hewitt for respondent and Dodge and Camp for appellant.

C. S. Wallace and J. M. Marten assignee of D. H. Wallace, respondents, vs. Stutsman county, Dakota, appellant. Stutsman county. Attorneys-R. Rose for respondent, Dodge and Camp and J. S. Watson for appellant.

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Daily Cress and Dakotainn

REACHED WALL STREET.

A Panic Prevails Among

the Buyers and Sellers of Stocks.

The Sioux Falls National Bank Wins in Judge Spencer's Court.

A Wall Street Panic.

New York, June 24th.-Noon-There is great excitement at the stock ex- change and prices are rapidly declining. At 11 o'clock the market was weak and active as a fractional concession from first prices. It is understood the break was caused by the report that Jay Gould was dead. Western Union fell from 75 to 80, but is now recovering.

The excitement in the stock market reached its greatest height shortly be- fore noon, and a veritable panic de- veloped. No attention was paid by brokers to fractions in sales made by them, and the flactuations were so wild sales were some times from 5 to 10 per cent apart. The greatest declines so far recorded are Manhattan, 40½ to 116; Missouri Pacific, 11 to 93½; cotton seed, 7 to 39; Richmond terminal, 7¼ to 26; New England, 6 to 45¾, and Lake Erie and Western 5 to 53½. No failures have been announced as a result of the break.

The stock market still continued very active after 11 o'clock, and though there was a slight rally it was quickly ended and the decline was renewed with ad- ded force. The sensation of the hour was a drop in Manhattan from 156½ at the opening to 153½, and at 11 to 120. It recovered to 188 and declined again to 115 at 12:25.

2:30 p. m. When delivery hour passed at the stook exchange without bringing the announcement of any failures, the street became more confident and buy- ing orders was received from all sources. The stock market closed quiet and firm at an advance.

Wall street was puzzled to account for the fact that such a great decline could occur without dragging down some of the bull houses which have been carry- ing large lines of stock, but this is ex- plained by reports that Gould, Field, Vanderbilt and Philadelphia capitalists had taken up stocks which were in weak hands, and relieved holders of the neces- sity of sacrificing them. Field is reported to have taken up $7,000,000 of Manhat- tan stock.

Cyrus W. Field was seen in his office this afternoon in regard to the rumor that he and Jay Gould and Russell Sage had fallen out, causing the big drop in stock to-day, Mr. Field said: "There is nothing in it-not the slightest foun- dation for the story."

The Sioux Falls National, Flandrau, June 24-The famous bank case from Minnehaha county, which has been on trial here this week before Judge Spencer, has been decided in favor of the Sioux Falle National bank. This case became famous a year ago last January, when Minnehaha county at- tempted to a settlement with C. K Howard, then treasurer of the county. The First National bank, now a busted concern, was his place of deposit. When the commissioners came to the point of counting the money Howard presented a certified check of $16,000 from the First National. The commissioners had a suspicion that the bank was shaky, and taking the check and what cash Howard had, made the Sioux Falls National the county despository, and the back accepted the certified check as so much cash. When the check was presented for payment the cashier of the First National refused payment, alleg- ing that he had honored sight drafts for that amount since the issue of the check. It was simply an effort to beat the county by a set of rascals, who im- mediately thereafter suspended the bank, and depositors have thus far only got 26 per cent, and will get very little more. How the Sioux Falls National expects to collect its judgment is not known, but at least the verdict is a righteous one. It will be carried to the supreme court of the territory and prob- ably farther.

Army Changes, Washington. June 24-An order will soon be issued from the war department making the following important changes of stations in the army, which will go into effect as soon after July 1 as possi- ble: The headquarters of the fourth cavalry, now at Fort Riley, will be trans- ferred to such posts in the Indian terri- tory as the commanding general of the department of the Missouri may desig- nate. Headquarters of the band and and four troops of the seventh cavalry will be transferred from Fort Mead, D T., by marching to Fort Riley, Kan. Troops of the fifth cavalry, now at Fort Riley, will go to Fort Sill., Indian territory, and two to Fort Elliott, Tex. This will give Col. Forsy- the, of the seventh cavalry, command of the new cavalry and artillery school lately authorized by congress, Two troops of the third cavalry, now at Fort Elliotte, and two troops of the same regiment at Fort Sill, are to be trans- ferred by marching to the department dthe Texas, and then by marching all the troops of the third cavalry will change stations, with troops of the eighth cavalry. This will put the third cavalry on the lower Rio Grande, The twelfth infantry, now stationed in the department of the lakes, will change by rail with the eleventh infantry, now in

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A Rotten Concern.

Sioux Falls special: The rotteness of the defunct First National bank of Sioux Falls is just beginning to come to the surface. J. Leslie Thompson, receiver for the busted cancern, brought suit against the Plainview Farming company on two notes of $5,000 each, which had been turned in by the United States bank examiner a short time before the collapse of the bank assets. It was proven in the trial, which ended today, that the two notes in question had been paid two years prior to the last date when they were counted as assets.