7493373091486 749337309
hash
0585ffb3e655e172None
Click image to open full size in new tab
Dakota Bank Closed MITCHELL, S. D., Oct. 16.—The First National bank, Mitchell's oldest banking institution, and its subsidiary, the First Trust and Savings bank, with combined deposits of more than a million dollars, were closed today by orders of the federal banking department and the state banking department. The action was made necessary because of a depleted reserve, caused by the bank's inability to make collections on farm paper.
Click image to open full size in new tab
A receiver is generally appointed when there is nothing to receive. The First National Bank, the oldest banking institution at Mitchell, and the First Trust and Savings Bank of the same place, a subsidary institution, closed their doors last Monday. Their combined deposits amounted to more than $1,000,000. Lange, Eye Man, at Winner, October 26-27. Wood, October 29, 10:0011:00 forenoon only. White River, October 29, afternoon. Murdo, October 30. Through once this fall. Be on time. See about the school children. Boss Farmer E. S. Cleaver, wife and danghter went to Pierre, Wednesday of last week where Mr. Cleaver is now in the hospital. He was operated on last Friday morning for appendicitis, gall stones and gall bladder. He stood the operation very well and is now getting along as well as could be expected. Mrs. Cleaver and little Elizabeth will remain at Pierre until such time as Mr. Cleaver will be able to return home, which will be two or three weeks at the earliest. P. Hicks Cadle, of Ardmore, S. D., editor of the American, the new paper at Witten, together with J. G. Willis, of White Lake, S. D., were Wood visitors last Sunday and made a short call at the Pioneer office. Mn. Willis will be in charge of the Witten American office. He is an old newspaper man of considerable experience, and he is now on the job unpacking the plant and setting the type for the first