633901295 63390
national
55fd28c61c45bb5dNone
Click image to open full size in new tab
SOUTH DAKOTA BANK FORCED TO SUSPEND Hot Springs, 8. D., Nov. 27.-The Hot Springs National bank closed its doors at 8 o'clock this morning owing to the financial stringency and inability to realize on collateral. The causes of the failure are general rather than local. The bank's deposits have gradually fallen off during the past six months, and while their securities are considered good.
Click image to open full size in new tab
HOT SPRINGS BANK FAILS Failure to Realize on Collateral Causes Suspension- Assets Exceed Liabilities. HOT SPRINGS, S. D., Nov. 27.-(Special Telegram.)-The - Hot Springs National bank closed its doors at 8 o'clock this morning owing to the financial stringency and inability to realize on collateral. The officers state assets exceed the liabilities by about $34,140.
Click image to open full size in new tab
BANK CLOSES. / Institution at Hot Springs Feels Effects of Money Stringency. Word was received in this city Wednesday to the effect that the Hot Springs National Bank located at Hot Springs, S. D., had found it necessary to close its doors that morning owing to the bank officials' inability to secure the cash necessary to keep the institution running. The assets of the bank, however, are understood to exceed the liabilities by over $30,000 and a majority of the depositors are confident they will receive dollar for dollar. A. C. Horney is president of the bank, and also treasurer for Fall River county. G. D. Horras is cashier. The institution is not represented in the Black Hills clearing house association recently organized in Deadwood
Click image to open full size in new tab
Hot Springs Bank Fails. The Hot Springs National bank closed its doors Tuesday morning last owing to the financial stringency and inability to realize on collateral. The officers state assets exceed the liabilities by about $34,140. The officers of the bank are: President, A. C. Forney; cashier, G. D. Horras; assistant cashier, J. M. Cleveland. It had a capital of $25,000 and a surplus and undivided profits aggregating $15,000. The deposits were $150,000. Its correspondents were the Chase National bank of New York and the United States National bank of Omaha. It is said that the present financial flurry merely accentuated difficulties in which the institution found itself before and that the suspension may not therefore be attributed to the recent conditions.
Click image to open full size in new tab
Receiver for Hot Springs Bank. United States Bank Examiner J. C. Johnson, of Sioux Falls, who has had charge of the affairs of the defunct Hot Springs National bank since its failure last week, Tuesday received his commission from Comptroller of the Currency Ridgely at Washington, D. C., as receiver for the bank, and at once took charge as such.
Click image to open full size in new tab
Receiver for Hot Springs Bank. United States Bank Examiner J. C. Johnson, of Sloux Falls, who has had charge of the affairs of the defunct Hot Springs National bank since its failure last week, Tuesday received his commission from Comptroller of the Currency Ridgely at Washington, D C., as receiver for the bank, and at once took charge as such.
Click image to open full size in new tab
MAY AID NATIONAL BANK. Farmers Loan and Trust Company May Assist in Reopening. The Farmers Loan and Trust company of Sioux City may go to the assistance of the Hot Springs National bank, of Hot Springs, S. D., which is in the hands of a receiver and set it upon its feet. Clark Forney, a director of the bank and treasurer of Fall River county, of which Hot Springs is the county seat, was in Sioux Oity yesterday conferring with James F. Toy, president of the trust company, regarding a plan to reopen the bank. Mr. Toy last night said he had submitted to Mr. Forney a plan under which his company would be willing to go to the assistance of the bank to the end of seeing it reopened for business. This plan, Mr. Troy said, would be submitted by Mr. Forney to the leading stockholders of the distressed institution.-Sioux City Journal, 18. Mr. Forney returned Monday from Sioux City, and Mr. Horras came Tuesday. They have nothing to say for publication regarding the item printed above from the Sioux City Journal, but it is evident that they have hope of something being done.
Click image to open full size in new tab
MAY Alix NATIONAL BANK. Farmers Loan and Trust Company May Assist in Reopening. The Farmers Loan and Trust Co., of Sioux City. may go to the assistance of the Hot Springs National Bank. of Hot Springs, S. D., which IS in the hands of a receiver and set it upon its feet. Clark Forney, a director of the bank and treasurer of Fall River county, of which Hot Springs is ne county seat. was in Sioux City yesterday conferring with James F. Toy president of the trust company, regarding a plan to reopen the bank il Toy said last night he had submitted to Mr. Forney a plan under which his company would be willing to go to the assistance of the bank to the nd of seeing it reopened for business. This plan. Mr. Toy said would ' e submitted by Mr. Forney to the 'eading stockholders of the distressed institution. Sioux City Journal. mr Forney returned Monday from Sieux City, and Mr. Horras came Tuesday, They have nothing to say for publication regarding the item printed above from the Sioux City Journal, but it is evident that they have hope of something being done. Hot Springs Star.
Click image to open full size in new tab
It is reported that the Farmer's Loan and Trust company of Sioux City may go to the assistance of the Hot Springs National bank, of Hot Springs, which is in the hands of a receiver, and set it upon its feet. The troubles of the bank were brought on, according to the understanding, by George Horas, who was the cashier.
Click image to open full size in new tab
HORRAS IS HELD FOR EMBEZZLEMENT Sioux Falls, S. D., April 2.-A bond wwas filed in the United States court here yesterday for the release of former cashier George D. Horras, of the Hot Springs National bank. which was closed during the winter. Horras is charged with embezzling about $25,000 of the bank's funds. The failure of the bank grew out of the financial panic last fall and the institution was thought to be in a position to resume at a little later season, but such disclosures were made by the examination of the bank's affairs that is the arrest of Horras resulted. He thought to have used the funds of the bank in unsuccessful investments.
Click image to open full size in new tab
HORRAS IS HELD FOR EMBEZZLEMENT Sloux Falls, S. D., April 2.-A bond wwas filed in the United States court here yesterday for the release of former cashier George D. Horras, of the Hot Springs National bank, which was closed during the winter. Horras is charged with embezzling about $25,000 of the bank's funds. The failure of the bank grew out of the financial panic last fall and the institution was thought to be in a position to resume at a little later season, but such disclosures were made by the examination of the bank's affairs that the arrest of Horras resulted. He is thought to have used the funds of the bank in unsuccessful investments.
Click image to open full size in new tab
# HORRAS IS HELD # FOR EMBEZZLEMENT Sioux Falls, S. D., April 2.--A bond was filed in the United States court here yesterday for the release of former cashier George D. Horras, of the Hot Springs National bank, which was closed during the winter. Horras is charged with embezzling about $25,000 of the bank's funds. The failure of the bank grew out of the financial panic last fall and the institution was thought to be in a position to resume at a little later season, but such disclosures were made by the examination of the bank's affairs that the arrest of Horras resulted. He is thought to have used the funds of the bank in unsuccessful investments.
Click image to open full size in new tab
HORRAS IS HELD FOR EMBEZZLEMENT Sioux Falls, S. D., April 2.-A bond was filed in the United States court here yesterday for the release of former cashier George D. Horras, of the Hot Springs National bank, which was closed during the winter. Horras is charged with embezzling about $25,000 of the bank's funds. The failure of the bank grew out of the financial panic last fall and the Institution was thought to be in a position to resume at a little later season, but such disclosures were made by the examination of the bank's affairs that the arrest of Horras resulted. He is thought to have used the funds of the bank in unsuccessful investments.
Click image to open full size in new tab
From our Hot Springs exchanges we learn that the Peoples National Bank of Hot Springs has been organized to succeed the Hot Springs National now in the hands of a receiver. Primarially, the principal object of the new organization was to insure the full payment of the creditors of the closed bank. Some forty of the leading business men of Hot Springs and vicinity are back ofthe new institution. The capital stock will be $25,000. The following are officers: J. F. Parks, president; S. L. Kirtley, vicepresident; A. C. Forney, cashier. Directors : A. C. Forney, S. L. Kirtley, Emil Hargens, W. E. Reeder, L. E. Highley, Geo. Brady, N. H. Dryden, J. F. Parks, F. S. Hesnard.
Click image to open full size in new tab
STOCKHOLDERS WILL LOSE BY BANK FAILURE Hot Springs, S. D., Aug. 10-With its cashier under indictment for having unlawfully converted funds, and the doors closed since last fall, the Hot Springs National bank has been ordered sold by Judge Carland in federal court, the proceeds from the sale of the property and assets being estimated as sufficient to pay the depositors, though leaving stockholders losers. J. C. Johnson, receiver for the bank, is ordered by the court to transfer the property of the bank to Parks & Marty, on payment of the sum of $53,060.53, estimated sufficient to pay the depositors. The entire liabilities are estimated at $125,000. George Horras, the cashier, under indictment, will have his trial at the September term of the federal court at Deadwood.
Click image to open full size in new tab
STOCKHOLDERS WILL LOSE BY BANK FAILURE Hot Springs, S. D., Aug. 10-Withits cashier under indictment for having unlawfully converted funds, and the doors closed since last fall, the Hot Springs National bank has been ordered sold by Judge Carland in federal court, the proceeds from the sale of the property and assets being estimated as sufficient to pay the depositors, though leaving stockholders losers. J. C. Johnson, receiver for the bark. is ordered by the court to transfer the property of the bank to Parks & Marty, on payment of the sum of $54.060.53, estimated sufficient to pay tie depositors. The entire liabilities are estimated at $125,000. George Horris. the cashier, under indictment, will have his trial at the September tem of the federal court at Deadwood.
Click image to open full size in new tab
Depositors Paid in Full. Sioux Falls, S. D., Oct. 9.-An exceptional record has been made by J. C. Johnson, receiver of the Hot Springs National bank, which closed its doors about a year ago with depos. its aggregating about $125,000, in settling the affairs of the failed bank. No depositor will lose a cent and all will receive full interest on deposits, including the time the money was tied up.
Click image to open full size in new tab
HOT SPRINGS BANK WILL PAY IN FULL Hot Springs, S. D., Oct. 10.-J. C. Johnson, receiver of the Hot Springs National bank, has sent notices to all claimants against the defunct bank that the first and final dividend has been declared. The dividend is 104.3 per cent, or the claims in full with interest to date. Though the stockholders have lost, this record is considered a splendid one. It is recalled, further, that Cashier Horras is now at the federal penitentiary in Fort Leavenworth serving a five year term.
Click image to open full size in new tab
HOT SPRINGS BANK WILL PAY IN FULL Hot Springs, S. D., Oct. 10.-J. C. Johnson, receiver of the Hot Springs National bank, has sent notices to all claimants against the defunct bank that the first and final dividend has been declared. The dividend is 104.3 per cent, or the claims in full with interest to date. Though the stockholders have lost, this record is considered a splendid one. It is recalled, further, that Cashier Horras is now at the federal penitentiary in Fort Leavenworth serving a five year term.
Click image to open full size in new tab
HOT SPRINGS BANK WILL PAY IN FULL Hot Springs, S. D., Oct. 10.-J. C. Johnson, receiver of the Hot Springs National bank, has sent notices to all claimants against the defunct bank that the first and final dividend has been declared. The dividend is 104.3 per cent, or the claims in full with interest to date. Though the stockholders have lost, this record is considered a splendid one. It is recalled, further, that Cashier Horras is now at the federal penitentiary in Fort Leavenworth serving a five year term.
Click image to open full size in new tab
HOT SPRINGS BANK WILL PAY IN FULL Hot Springs, S. D., Oct. 10.-J. C. Johnson, receiver of the Hot Springs National bank, has sent notices to all claimants against the defunct bank that the first and final dividend has been declared. The dividend is 104.3 per cent, or the claims in full with interest to date. Though the stockholders have lost, this record is considered a splendid one. It is recalled, further, that Cashier Horras is now at the federal penitentiary in Fort Leavenworth serving a five year term.