Holstein Savings Bank (Holstein, IA)

Episode Information

Episode UID
72066471234
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
7206647 routing
Routing Number
72-0664
Start Date
October 29, 1902
Location
Holstein, Iowa (42.489, -95.545)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9625e1807356e5ba

Response Measures

None

Description

Publication dates used to place the receivership; exact suspension date not given in snippets.

Events (2)
1. October 29, 1902 Receivership
Newspaper Excerpt
the Holstein bank, which went into the hands of a receiver, for just half the amount. ... the Holstein bank which went into the hands of a receiver, for just half the amount. The petitioner demands the reof the receiver, John B. Knudson, was appointed by the court upon application of John T. Willett, and appointment of another person as A hard fight is to be made only over the assets of the bank, but the individual property of the own- (OCR errors corrected). (1902/1905 articles.)
Source
newspapers
2. October 29, 1902 Suspension
Cause
Government Action
Cause Details
Court petition led to appointment of receiver John B. Knudson and the bank went into receivership
Newspaper Excerpt
Charges of conspiracy for the purpose looting the Oto bank and wrecking the titution are made in a petition of invention which has been filed in the strict Court by the Holstein Savings The petitioner demands the reof the receiver, John B. Knudson, was appointed by the court upon application of John T. Willett
Source
newspapers

Newspaper Articles (4)
1. October 29, 1902 Manchester Democrat Manchester, IA
Article from Manchester Democrat, October 29, 1902

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Article Text

retirement from politics and will enin business in that city. Chas. Winsche, aged 77, was gored to by a bull near Muscatine, while nging cattle from a pasture. The faculty of Tabor College has deto make chapel attendance compulon the part of the students. small sack containing 105 letters for aterloo fell under a C. G. W. train at rshalltown and was ground to pieces. Pleasant Pruitt, a former well-known izen of Iowa City, committed suicide Indianapolis, after murdering his wife. Experiments to test the value of soft as food for stock will be conducted the experiment station at Ames this The poultrymen of Jackson County formed an association for the purof giving an exhibition in the near ure. Henry Eberhardt, at Gladbrook farmer, fered the loss of his left hand while sisting in the operation of a threshing chine. Albert McKinney, who shot Rev. Loat Des Moines, has been found of assault with intent to kill. Both colored. In an altercation over the price of a Dot Wells, a restaurant keeper at McGregor, struck John Gleason a which resulted in his death. Will Mitchell, who stabbed Charley during a family row at Waverly a year ago and who escaped at the has just been arrested at Waterloo. Vaterloo physicians are agitating the mation of a stock company having for object the erection of a hospital with ilities commensurate with the needs that city. M. Welch & Co., manufacturers of supplies, will remove from Chicago Anamosa. The company has a capitalof $200,000, and will employ a number of men. The Supreme Court. following the conof the collateral inheritance tax given in a former case, has ruled that is no exemption when the value of estate, after payment of debts, is than $1,000. Owen O. Ball, aged 18, the son of reectable parents in Marshalltown, was rested for robbery. One hundred and dollars' worth of stolen goods were and and recovered. The articles were ntified as from three different and reburglaries. Robert Morris, convicted of an atto murder Bert Nefley at Ingersoll Des Moines, last June, by stabbing with a knife, was sentenced to six in the penitentiary. Judge Holmes he made the sentence heavy to disthe promiseuous use of knuckles pistols in Des Moines. Charges of conspiracy for the purpose looting the Oto bank and wrecking the titution are made in a petition of invention which has been filed in the strict Court by the Holstein Savings The petitioner demands the reof the receiver, John B. Knudson, was appointed by the court upon application of John T. Willett, and appointment of another person as A hard fight is to be made only over the assets of the bank, but the individual property of the ownThe restaurant in the State house at Moines has been forced to move out, room being needed for storage of docents. The Democrats of the Seventh judicial trict, in session at Davenport, indorsthe nominees of the Bar Association the district. The board of health has been advised but one case of lenrosy oristo

2. June 12, 1905 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, June 12, 1905

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Article Text

MAKE OFFER TO SETTLE SUIT. McCutcheon's Bondsmen Willing to Part With Fifty Thousand. Des Moines, June 12.-Offers of settlement in the famous $100,000 suit brought by the Modern Woodmen of America against the bondsmen of the late E. H. McCutcheon, the Holstein banker, have been made and are now causing considerable comment among the upper administrative circles of the order. The bondsmen have, it is said, offered to settle the suit to recover the $100,000 which was deposited in the Holstein bank, which went into the hands of a receiver, for just half the amount. This has been refused by the fraternal order since the attorneys for it claim that the bondsmen are good and perfect security. Such a condition they believe, makes a settlement an unwise step to take.

3. June 13, 1905 Ottumwa Tri-Weekly Courier Ottumwa, IA
Article from Ottumwa Tri-Weekly Courier, June 13, 1905

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WOODMAN SUIT TO BE SETTLED. Negotiations Affecting Compromise, Said to Be Pending. Des Moines, June 10. - Offers of settlement in the famous $100,000 suit brought by the Modern Woodmen of America against the bondsmen of the late E. H. McCutchen, the Holstein banker, have reached Des Moines and are now causing considerable comment among the upper administrative circles of the order. The bondsmen have, it is said, offered to settle the suit to recover the $100,000 which was deposited in the Holstein bank, which went into the hands of a receiver, for just half the amount. This has been refused by the fraternal order since the attorneys for it claim that the bondsmen are good and perfect security. Such a condition they believe makes an unwise step to take. According to George N. Frink, who is one of the most prominent men of the order in Des Moines, the offer was received some time ago. It was not taken seriously, although the attempt at compromise is being made regularly. "I was in Mason City a short time ago," said Mr. Frink, 'and while there I saw Charles McNider. He then said that the directors were certain that the bond was properly drawn and that the claim of the Modern Woodmen was legally regular. The offer to settle for $50,000 gave the prosecutors an idea that the bondsmen of the deceased banker knew that the bond which they signed is still good." The bondsmen in question are farmers of Ida county with a few exceptions. The others are Holstein business men and one is an attorney at Ida Grove. It is understood from Ida Grove advices that the bondsmen are willing to compromise and it is rumored there that a compromise deal would be accepted by the Modern Woodmen. The notice that a compromise was being considered came as a great surprise to Holstein business interests in that Attorney W. E. Johnson who appears for the bondsmen, has started east with the intention of making a European trip. Senator C. G. Saunders of Council Bluffs is one of the attorneys interested in the case. He is a member of the directory board of the fraternal order. besides being attorney in the case which is now pending in the federa] court.

4. June 15, 1905 Audubon Republican Audubon, IA
Article from Audubon Republican, June 15, 1905

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Article Text

appellant of an abuse of discretion on the part of the trial court in giving Smith the death sentence instead of a life imprisonment-Smith having pleaded guilty, the discretion was to be exercised by the court instead of a jury-the supreme court says it could not interfery. Smith was to have been hung or December. He is colored, about 40 years of age, and has no relatives in Iowa. He is confined at Fort Madison. Governor Com mins will have the duty to perform of fixing a date for his death. The measure of the damage to a husband in Iowa by reason of injury to his wife is not the expense of hiring a domestic to do the household work which the wife was in the habit of doing before the injury. So declared the supreme court of Iowa in an opinion affirming a $2,000 judgment obtained in Linn county by Fannie Hutchens from the Marion & Cedar Rapids traction, line. "In giving damages to the husband for injuries to his wife the law," says the Iowa court, "does not compute his recovery on a commercial basis but gives him such compensation as in the judgment of the jury is a money equivalent for the loss of such services. asistance, companionship and society as he has been deprived of by the injury." According to a dispatch from Washington to the Register and Leader Washington is wondering if Secretary Shaw will become president of the Equitable Life Assurance society of New York. The question arises, says the dispatch, "from New York reports that James H. Hyde favors Secretary Shaw for the position. It is said that special efforts have been made to get Mr. Shaw to consider the position. It is denied here that Secretary Shaw has been actually asked to take the place. It is not denied that he is being considered. The secretary is now in the south, and there is conjecture whether he would take the proposed position, which is worth $100,000 a year. One view is that on account of presidential aspirations he would not accept it under any circumstances. But it comes from close friends of the secretary that he is likely to take it, if factional differences are so composed in the Equitable as to insure him support in both factions. Inasmuch as his going to the Equitable would mean an end or the movement for the presidency to succeed Roosevelt, and at the same time would leave a cabinet vacancy, developments are being watched with much interest here." Chief A. O. Lund of Blackwell, Okla., has written Governor Cummins to inform him that he expects to come a third time for Frank Shercliffe. And when he comes this time he will come armed with perfect papers. When the officer left the state house recently, his requisition unhonored, he swore that he would never come back. But some friends advised him to get the papers that the governor asked for and from his letter to the executive office it is assumed that he has gone after them. The Iowa law was not satisfied by the recent showing. That is, no showing was made on the most im. portant point connected with the case. That is, as to whether Shercliffe is a fugitive from justice in Oklahoma. All that the authorities of that territory need to present to the governor is an affidavit from some man who knows it to be a fact that Shercliffe was in that territory at the time the crime with which he is charged was committed. Without evidence of this sort there he cannot be convicted. It is presumed, therefore, that it will be easy to procure if the prosecution is in good faith. Offers of settlement in the famous $100,000 suit brought by the Modern Woodmen of America against the bondsmen of the late E. H. McCutchen, the Holstein banker, have reached Des Moines and are now causing considerable comment among the upper administrative circles of the order. The bondsmen have, it is said, offered to settle the suit to recover the $100,000 which was deposited in the Holstein bank which went into the hands of a receiver, for just half the amount. This has been refused by the fraternal order since the attorneys for it claim that the bondsmen are good and perfect security. Such a condition they believe makes a settlement an unwise step to take. According to George N. Frink, who is one of the most prominent men of the order in Des Moines, the offer was received some time ago. It was not taken seriously,