Article Text
HURON BANK CLOSED Huron, S. D., Jan. 28.—The First National Bank here failed to open its doors this morning, national bank officials having found that runs made on the bank the last few days had depleted its cash reserve.
First National Bank (Huron, SD)
Episode Information
- Episode UID
281901489- Episode Type
- Run → Suspension → Closure
- Bank Type
- national
- Bank ID
-
28190national - Charter Number
- 2819
- Start Date
- January 28, 1924
- Location
- Huron, South Dakota (44.363, -98.214)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
061a985a1d57abf9
Response Measures
Full suspension, Books examined
Receivership Details
- Depositor recovery rate
- 24.7%
- Date receivership started
- 1924-03-14
- Date receivership terminated
- 1936-10-30
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 45.7%
- Share of assets assessed as doubtful
- 41.4%
- Share of assets assessed as worthless
- 12.9%
Description
Known government receivership date (1924-03-14) supplements newspaper reports of the January run/closure.
Events (5)
1.
November 13, 1882
Chartered
- Source
- historical_nic
2.
January 28, 1924
Run
- Cause Details
- Heavy withdrawals/ depositor runs in the days prior to Jan. 28 depleted cash reserves
- Newspaper Excerpt
- the runs made on the bank in the last few days had depleted its cash reserve
- Source
- newspapers
3.
January 28, 1924
Suspension
- Cause Details
- Bank failed to open after runs depleted its cash reserve
- Newspaper Excerpt
- The First National bank here failed to open its doors this morning
- Source
- newspapers
4.
March 14, 1924
Receivership
- Source
- historical_nic
5.
March 14, 1924
Receivership
- Source
- newspapers
Newspaper Articles (20)
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Article Text
RUN FORCES BANK AT HURON, S. D., TO CLOSE ITS DOORS Huron, S. D., Jan. 28 (AP)—The First National Bank here failed to open its doors this morning, the national examiners finding that a heavy run for the last few days had depleted its cash reserve. George W. Wright is president of the bank.
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Another Dakota Bank Shuts Doors (By The Associated Press.) HURON, S. D., Jan. 28.—The First National bank here failed to open today, national bank inspectors having found runs made on the bank in the last few days, had depleted its cash reserve.
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Another Bank Fails HURON, South Dakota, Jan. 28. (A. P.)—The First National bank here failed to open today. National bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve.
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SOUTH DAKOTA BANK FAILS TO CONTINUE Huron, S. D., Jan. 28—The First National Bank here failed to open this morning, National Bank officials having found the runs made on the bank in the last few days had depleted its cash reserve.
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BANK FAILS. (By Associated Press) Huron, S. Dak., Jan. 28.—The First National bank here failed to open this morning, national bank officials having found the run made on the bank in the last few days had depleted its cash reserve.
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RUN CLOSES BANK. By the Associated Press. Huron, S. D., Jan. 28.—First National bank here failed to open its doors today, the national bank officials having found that runs on the bank in the last few days had depleted its cash reserve.
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HURON (S. D.) BANK CLOSES Huron, S. D., Jan. 28—The First National bank here failed to open today, national bank officials having found that runs made on the bank in the last few days had depleted its cash reserve.
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DOORS OF FOUR BANKS IN NEW MEXICO CLOSE Silver City, N. M., Jan. 28.—Three banks closed their doors in Silver City this morning within half an hour of each other, and a fourth bank in the county, the Bank of Tyrone, closed soon thereafter. This leaves Grant county, richest in the state in assessments, without a bank. The three Silver City banks which closed today were the Silver City National bank, the American National bank and the Silver City Savings bank. Huron, S. D., Jan. 28.—The First National bank here failed to open its doors today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. George Wright is president of the bank. The coal consumption of the United States annually approximates 600,000,000 tons.
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NATIONAL BANK CLOSES Cash, Reserve Is Depleted By Recent Runs On Institution HURON,S. D., Jan. 28.-The First National bank here failed to open its doors this morning, national bank officials having found that the runs made on the bank in the last few days had George depleted its cash réserve. Wright is president of the bank.
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Sister Mary's KITCHEN COFFEE Every hostess feels her reputation is more or less marred or made by the character of coffee she serves her guests. The everyday brew for the family is quite as important. There is no luck or magic about good coffee. However, there are one or two facts worth keeping in mind. A blend of Mocha and Java coffee, in the proportion of two parts of Java to one of Mocha, gives a fine sparkling beverage suited to the average taste. Buy coffee in small quantities unless you grind it yourself. After coffee is ground it loses its strength unless kept in air-tight containers. Many brands of coffee nowadays are "steel-cut." This means coffee ground medium. It is used for boiled coffee. If percolated coffee is preferred the coffee should be ground fine. For filtered coffee the berry should be pulverized. Accurate measurements are as essential for coffee as for cake. While the amount of coffee needed to a cup of water varies somewhat according to the brand, this is gauged easily after the first pot of coffee is made and the measurements can be reconstructed to suit. Old-fashioned boiled coffee is always popular and, if properly made, as wholesome as any kind. Boiled Coffee Four tablespoons medium ground coffee, 1/4 cup cold water 3 eggshells or 1/2 egg and shell, 1 1/2 cups boiling water. Mix eggshells with half the cold water. The shells are crushed finely. Mix with coffee and put into scalded coffee pot. Add boiling water and stir thoroughly. Put over fire and boil five minutes. Pour remaining one-quarter cup of cold water into pot through the spout and let stand three minutes where it will keep hot but not boil. This rule will make four cups of coffee as a cup of coffee does not equal the standard measuring cup. Enough white of egg sticks to three egg shells to clear this amount of coffee when eggs are high. If a large amount of boiled coffee is needed a whole egg is required. After-Dinner Coffee One cup coffee, 1/2 cup cold water, 1/2 egg and shell, 1 1/2 cups boiling water. Make the coffee as in preceding rule and serve without cream. To obtain the "half egg," beat egg slightly before measuring and add half the crushed shell. The remaining half should be tightly covered and placed in a cold place or on ice until the next day. Filtered Coffee One-half cup pulverized coffee, 3 1/2 cups boiling water. Put coffee in filter bag or strainer and slowly add boiling water. To do this, fill the coffee container with water, cover and let stand until water drips through coffee into the pot. If a stronger coffee is desired pour the filtered coffee over the grounds the second time. Filtered coffee lacks the sparkle of boiled coffee and has a different taste. Percolated Coffee Percolated coffee requires 20 to 30 minutes of "perking" to make a good cup of coffee. The boiling water that comes through the tube is small in quantity and it must come and fall over the grounds many times. A finely ground coffee makes better percolated coffee than a coarse or medium ground coffee. Cafe au Lait One-half cup hot milk, 1/2 cup freshly made coffee. This is served for breakfast and is really a nourishing drink. Percolated, boiled or filtered coffee of ordinary strength is used. "Vienna coffee," so often served at afternoon affairs, is extra strong coffee served with whipped cream. The coffee is not as strong as "after dinner" coffee, but is stronger than ordinary breakfast coffee. Instead of doubling the amount of coffee as in after-dinner, use "half as much again." Silver City, N. M., Jan. 28—Three banks closed their doors in Silver City this morning within half an hour of each other, and a fourth bank in the county, the bank of Tyrone, closed soon thereafter. Huron, S. D., Jan. 28.—The First National bank here failed to open its doors today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. Sheridan, Wyo., Jan. 28—Last of three banks at Lusk, Wyo., has failed, according to word reaching here this morning.
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RUN CLOSES BANK. By the Associated Press. Huron, S. D., Jan. 28.—First National bank here failed to open its doors today, the national bank officials having found that runs on the bank in the last few days had depleted its cash reserve.
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BANK CLOSES Huron, S. D., Jan. 28.—The First National bank here failed to open its doors Monday. National bank officials have found that the runs made on the bank in the last few days had depleted its cash fund.
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RUNS CLOSE S. D. BANK. Huron, S. D., Jan. 28.—The first National Bank here failed to open today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve.
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FIVE BANKS QUIT BUSINESS Three Located in Same Town—Four of Them National Banks. SILVER CITY, N. M., Jan. 28.—Three banks in Silver City closed their doors today. They were the Silver City National, the Silver City Savings bank and the American National bank. Soon after the close of the banks the state bank examiner was asked to take charge of the Bank of Tyrone. The institutions, all in Grant county, had combined liabilities estimated at $3,000,000, according to the statements of December 31. Recent large withdrawals of cash deposits, it was said, resulted in the decision to close. Grant county tonight was without a bank. Wyoming Bank Quits. CASPER, Wyo., Jan. 28.—The First National bank of Lusk, Wyo., closed its doors Saturday morning, depleted reserves being given as the reason for the action. This is the third bank to close in Lusk in the last three years, leaving Lusk and Niobra county without a banking institution. National Bank Closes. HURON, S. D., The First National bank here failed to open its door today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. George Wright is president of the bank.
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Another Bank in South Dakota Closes its Doors HURON, So. Dak., Jan. 29.—The First National Bank has closed its doors due to a heavy run. SILVER CITY, N. M., Jan. 29.—The Silver City National Bank, American Bank, and Silver City Savings Bank, also the Bank of Tyron, at Tyron, affiliated with the Silver City National, have all closed.
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More Bank Failures The First National Bank at Lusk, Wyoming, near the Nebraska state line, failed to open last Saturday morning, depleted reserves being given as the reason for the closing. This is the third bank to close in Lusk in the last three years, leaving Lusk, the county seat town of Niobrara county, without a bank. This is on North-western railroad. The Empire State Bank, the last remaining bank in the city of Lewistown, in central Montana, was closed Thursday. The city has three railroads and there was a "run" on the banks in December, some of the oldest in Montana. The First National Bank at Huron, county seat of Beadle county, in east-central part of South Dakota, failed to open last Monday, as the runs made on the bank in the last few days had depleted its cash reserve. The town has two North-western lines. The Farmers' State Bank at DeSmet, county seat of Kingsbury county, in eastern part of South Dakota, failed to open Thursday and was taken over by the state banking department. The town is on North-western railroad. The federal reserve bank of the ninth district at Minneapolis has established a branch in the First National Bank at Rapid City, sending a great quantity of currency for the relief of banks in the Black Hills district of South Dakota. Rapid City has had only one bank failure. Other banks here report increased deposits.
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Reports have been circulated over the state to the effect that the Standard Oil company was responsible for the closing of the First National bank of Huron, thru heavy withdrawals at a critical time. George Wright, president of the institution brands the charges as maliciously false and entirely unwarranted. It strikes us that this statement is not necessary to any thinking man. Why in the world would the Standard Oil company desire to hurt business conditions in this state where it has millions of dollars invested?
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NEWS OF THE STATE MPORTANT HAPPENINGS OF THE PAST WEEK IN SOUTH DAKOTA. 'estern Newspaper Union News Service. Colman.-The semi-annual report that Colman is in good financondition, the city "fathers" havconducted the affairs of the city a very careful manner during the year. The city has an outstandbonded indebtedness of only $14,and to offset this has at the resent time $11,380 in the sinking to take up the bonds, leaving an debtedness of only about $2,500. he small indebtedness makes the of taxation very low. Belle Fourche.-The helium gas iscovered in the vicinity of St. Onge, miles east of here, is said to test highest percent of helium of any found in the United States. Much terest is manifested in this disovery because of the scarcity of elium and of its importance in the evelopment of lighter than air flymachines. Rapid City.-Twenty-seven thouspounds of alfalfa seed was shipout of here in one day in one by the Western South Dakota Ifalfa Seed exchange to Lexington, Jeb. Much seed has been shipped here this season, and many reuests for samples of alfalfa seed rown in this section have been filed. Canton.-The Canton churches have ecided to avail themselves of the rovisions of an act of the last legispermitting religious instrucof pupils of the public schools. committee of the various protestant hurches has agreed that Wednesof each week shall be designated religious education day in Canton. Centerville.-Reports made at the nnual meeting of the members of co-operative company which cona creamery in this city, show hat the institution made a good rofit during the past year. The reamery also has been an important actor in the prosperity of the farmers this district. Webster.-As the result of the adustment of claims for hail losses hich have been pending since last ummer, farmers of this (Day) counhave received an aggregate of 137,000, to cover the losses which set forth in their claims against state hail insurance department. Presho.-The Presho State bank not close its doors as reported in news dispatch from Sioux Falls. )wing to a similarity of names, an was made in giving the name of he bank. The cashier of the Presho bank stated that the institution in a sound condiion. Flandreau.-At a meeting of the nembers of the commercial club the natter of holding a Moody county this year was discussed, and it decided to hold such a fair in landreau and a committee was apointed to further the project. Huron.-The First National bank, Huron, which recently took over he City National here, was closed order of the board of directors folowing a run. There is every reason believe that the bank is solvent will be reorganized. Colome.-Shipments of grain, livetock and poultry reached 131 caroads out of here in December. The novement of grain and live stock is arge thus far in January. The best of corn yet reported was 6,000 pushels from 103 acres. Belvidere -A lerge number of corn
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PLAINTIFF WINS COURT CASE Elliott Directs Verdict in Action of Bank Receiver to Recover on Note A verdict in favor of the plaintiff in federal court today after trial before jury of the case brought by the receiver for the closed First National bank of Huron versus Thomas Fleming. The action was on note for $2,230. Judge James D. El Hott directed the jury to return a ver diet for the plaintiff. The sought to use certif icates in his as an offset against the note. The court held that there was insufficient evidence to show that these certificates, which had orig. inally been issued to another person, had been acquired by him prior to closing of the bank, and therefore could not be an offset. The plaintiff was rep by Churchill and the defendant by Byrnes & Markey, both of Huron. Another jury case was started this afternoon. was the case of Connie Dixon versus the Great Northern Life Insurance brought to cover on certain life and accident insurance policies. Cherry, Davenport Braithwalte the plaintiff Bailey & Voorhees the defendant. An allegation of violation by the Chicago Northwestern Railway company the federal law requiring 85 per cent of the brakes on train to be in use was admitted by K. Gardner. attor ney for the railroad. in withdrawing his to action by the The railroad is subject to fine of $100