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HARDIN BANK CLOSES. Hardin. Nov. First National bank of Hardin failed to Friday morning. George Swords bank ceiver. will take charge of the
First National Bank (Hardin, MT)
Episode Information
- Episode UID
921501511- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
-
92150national - Charter Number
- 9215
- Start Date
- November 27, 1925
- Location
- Hardin, Montana (45.732, -107.612)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
698b0f5277fb7057
Response Measures
None
Receivership Details
- Date receivership started
- 1925-11-27
- Date receivership terminated
- 1927-01-22
- OCC cause of failure
- Governance
- Share of assets assessed as good
- 50.7%
- Share of assets assessed as doubtful
- 26.3%
- Share of assets assessed as worthless
- 23.0%
Events (6)
1.
August 5, 1908
Chartered
- Source
- historical_nic
2.
November 27, 1925
Receivership
- Source
- historical_nic
3.
November 27, 1925
Suspension
- Cause
- Government Action
- Cause Details
- Bank failed to open its doors Nov. 27, 1925 and national bank receiver George W. Swords took charge.
- Newspaper Excerpt
- First National bank of Hardin failed to Friday morning. George Swords bank receiver. will take charge of the
- Source
- newspapers
4.
January 22, 1927
Reopening
- Newspaper Excerpt
- The notice ... announcing that the institution had suspended ... was torn off Thursday morning and a large placard announcing that the bank will resume business Saturday, Jan. 22, was placed in its stead.
- Source
- newspapers
5.
January 22, 1927
Restored To Solvency
- Source
- historical_nic
6.
January 29, 1945
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (15)
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NOT AN EARTHQUAKE A few months ago we were called upon to contribute to a neighboring county, suffering from an earthquake. This community has experienced two bank failures in the past three years. It was recovering nicely from the effects of the failure of the Hardin State Bank and is now met with the loss occasioned by the closing of the First National Bank of Hardin. These failures are directly the result of the inflation period during the World war and the heavy deflation period following the war, and resemble a condition quite generally prevalent in the Northwest in particular, on account of its lack of industrial enterprises and its dependence for its prosperity on agricultural conditions. The closing of the First National Bank of Hardin has come as sudden as an earthquake and has cast a gloomy atmosphere about our community that will retard to some extent our progress and development, but unlike an earthquake it leaves the community intact and its people unimpared in body and mind. Someone has wisely said, "Give me my health and mental faculties and I will overcome financial adversities, but take away from me my health and mental faculties and endow me with abundant wealth and I an poor Big Horn county embraces a vast, fertile area of agricultural land as yet practically undeveloped, still under these conditions many people on farms have 66 year realized an income from the farm equal to the value of it. Beets have produced a very fair return and beans at present prices are a profitable crop; grain prices are quite satisfactory and the live stock valuations are certainly encouraging. Having the facilities at hand to rehabilitate the losses incurred, it would scem that it behooves the people of the community to band themselves together in an endeavor to re-establish ourselves on a sound financial basis. Our schools should assist the rising generation by instructing their pupils how to analize financial statements and to judge the actual market value of the assets listed therein-anything that concerns the public should be subject to analysis. The Big Horn County Bank has the utmost faith in this community and pledges its undivided co-operation (in so far as conservative banking principles will permit) in the task before us. 49-1 BIG HORN COUNTY BANK, By W. E. Warren, Pres.
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Juvenile Sumatra considerably hopped over notice recently up posted, the same stating that jack rabbit pelts saleable at the rate of cents copy. The First National bank of Hardin recently failed to open its doors for business, and George Swords, national bank receiver, has taken charge the bank's Damage estimated at $75,000 sulted Great Falls when fire gutted grocery store in the heart of the business district and other business houses and one of the largest hotels. Kendig, Circle hotel and abstract man, has been appointed postto succeed Stoney who master served acting postmaster the last year in the place of Miller resigned go to California. Jesse Ditty of Dillon had narrow escape from serious injury few days when bullet fired by youngengaged target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched into the silver fox business. has purchased pair of foxes from Lundgren, who recently turned from Alaska with several pairs of foxes with which to stock his farm Gage. According to announcement in the Havre high school Charles M. cowboy artist Great Falls, consented prepare series of autobiographical sketches for publication in the school paper. The first of the series appeared the December issue. The entire capital stock of the Gallatin Milk and Produce company. valued and formerly by Bohart and members of his family, has been purchased by Walter Sutherland and Dokken, seniors specializing dairy manufacture Montana college. thirty thousand bushel capacity elevator under construction Peerless, the new town 24 miles to the west of Scobey. The Farmers Elevator company of Scobey is building the which will be managed by Arnold Horgan, connected with that elevator in Scobey. sale head of stray horses, whose not found by vertising, according to the the forest service, held in the creek district of the Beartooth Pryor forest recently, according to Ferguson, assistant supervisor. These horses, all cayuses, brought an averbullet through the heart. the body of Mike Milkovitch, proprieof the Custer Highway store and filling station, and west Roundup, was found by boarder sent the place by the why her husband did not appear the evening Milkovitch had oil in his right hand indicating sale of oil or preparation James Carpenter, chairman the Crow tribal councils, Harry Whiteman and Russell White Bear, have been elected by the Crow Indians represent the in pending before the dian bureau. The at general council meeting Crow Agency. Chief Plenty Coos also to Washington, having been summoned the Indian
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Records of the 1925 sugar beet crop will better than normal from ent indications. The harvest practically complete with the exception of few fields. Juvenile Sumatra considerably hopped up over the notice recently posted, stating that jack rabbit pelts are saleable at the rate ten cents per copy. The First National bank of Hardin recently failed to open its doors for business, and George Swords, national bank receiver, has taken charge of the bank's Damage estimated at $75,000 sulted Great Falls when fire gutted grocery store in the heart of the business district and menaced several other business houses and one of the largest hotels. Kendig, Circle hotel man and abstract has been appointed postmaster succeed B. Stoney. who has served acting postmaster the last year in the place of Miller who resigned to California. Jesse Ditty Dillon had escape from serious injury few days ago when bullet fired by sters, engaged in target practice, came crashing through window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched into the silver fox business. He has purchased pair of foxes from Lundgren, who recently turned from Alaska with several pairs of foxes with which to stock his farm Gage. According to an announcement the Havre high school "Stampede," Charles cowboy artist of Great Falls, has consented prepare series sketches for publication in the school paper. The first the series appeared in the December issue. The entire capital stock of the latin Milk and Produce ued $40,000 and formerly by Bohart and members of his family. has been purchased by Walter Sutherland and Dokken, seniors specializing dairy manufacture Montana college. of seven head stray horses, whose owners not found by according to the the forest held the Pryor creek district the Beartooth forest according Ferguson, assistant These horses. all cayuses, With bullet through the heart. the body of Mike 35, proprieof the Custer Highway store and filling station. mile and half west found by boarder the place by the wife tain why her husband did appear for the evening meal. Milkovitch had service crank his right hand sale oil or preparation some. James Carpenter, chairman of the Crow tribal councils, Harry Whiteman and Russell White have been elected by the Crow Indians to Washington, represent the tribe in matters pending before the dian bureau. The named general council meeting Crow Agency. Chief Plenty Coos to having been summoned the Indian office.
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Juvenile Sumatra considerably hopped up over the notice recently posted. the same stating that jack rabbit pelts are saleable the of ten cents copy. The First National bank of Hardin recently failed to open its doors for business, and George Swords, DRtional bank receiver. taken charge of the bank's affairs. Damage estimated sulted Great Falls when fire gutted grocery store in the heart of the business district and menaced several other business houses and one of the Jargest hotels. Kendig, Circle hotel and abstract man, has been postmaster succeed Stoney who served as acting postmaster the year the place of Miller resigned to California. Mrs. Jesse Ditty of narfrom serious injury few when bullet fired by youngengaged in target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched the silver fox business. has purchased pair of foxes from who turned from Alaska with several pairs foxes with which to stock his farm Gage. According to an announcement the Havre high school "Stampede," Charles cowboy artist of Great Falls, has consented to prepare series of autobiographleal sketches for publication in the school paper. The first of the series appeared in the December issue. The entire capital stock the Gallatin Milk and Produce company. val$40,000 and formerly by Bohart and members of his has been purchased by Walter Sutherland Dokken. seniors specializing dairy manufacture Montana State college. thousand bushel capacity elevator Is under construction Peerthe town 24 miles to the of Scobey. The Farmers Elevator company of Scobey building elevator, which will managed by Arnold Horgan, now connected with that elevator In sale of seven head of stray horses, whose owners were not found by vertising. according the the forest service. was held In the Pryor creek district of the Beartooth forest recently, according to Ferguson, assistant These horses, all cayuses, brought an of With bullet through the heart, the body of Mike 35, proprieof the Custer Highway store and filling station. mile and half west was found by boarder sent to the place by the wife why her husband did not appear for the evening Milkovitch had oil hand Indicating sale of oll or preparation some. James Carpenter. chairman the Crow tribal councils. Harry and Russell White Bear. have been elected by the Crow Indians represent tribe before pending bureau. The named at general Crow Agency. Chief Plenty also the Indian
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Records the 1925 sugar beet be better than normal from indications. The harvest tically complete with the exception few fields. Juvenile Sumatra considerably hopped up over the notice recently posted, the stating that rabbit pelts are saleable the rate of cents per copy The First National bank of Hardin recently failed to open doors business, George Swords, tional bank receiver, has taken charge of the affairs. Damage estimated at $75,000 sulted at Great Falls when fire gutted store in the heart of the grocery business district and menaced other business houses and one the city's largest hotels. Kendig, Circle hotel and abstract man, has been appointed master succeed Stoney who has served acting postmaster the last in the place Miller year resigned to to California. Jesse Ditty of Dillon escape from serious injury few days when bullet fired by engaged in target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched into the silver fox business. purchased pair of foxes from Lundgren, who recently turned from Alaska with several pairs of foxes with which to stock his farm Gage. According to an announcement the high school "Stampede," Charles M. Russell, cowboy artist Great Falls, has consented to prepare series of sketches for publication the school paper. The first of the series appeared in the December issue. The entire capital stock of the latin Milk and Produce company, valued at $40,000 and formerly by Bohart and members his family, has been purchased by Walter Sutherland and Dokken, seniors specializing dairy manufacture Montana State college. seven head of stray horses, whose were not found by vertising, according to the regulations the forest service, held in the Pryor creek district of the Beartooth forest recently, according to Ferguson, assistant supervisor. These all cayuses, brought an With bullet through the heart, the body of Mike Milkovitch, 35, propriethe Custer Highway store and station, mile and half filling of Roundup, found by boarder sent the place by the wife tain why her husband did not appear the meal. Milkovitch had evening oil service crank in his right hand indicating sale of oil or preparation to Carpenter, chairman the James Crow tribal councils, Harry Whiteman and Russell White Bear, have been elected by the Crow Indians to represent the tribe matters pending before the dian bureau. The named at general meeting Chief Plenty Coos also to Washington, having summoned by the Indian office. been
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Records of the 1925 sugar beet will be better from ent indications. The harvest practically complete with the exception of few fields. Juvenile Sumatra is considerably hopped up over notice recently posted, the same stating that jack rabbit pelts are saleable at the rate ten cents per The First National bank of Hardin recently failed to open its doors for business, and George W. Swords, tional bank receiver, has taken charge of the bank's affairs. Damage estimated at $75,000 sulted Great Falls when fire gutted grocery store in the heart of the business district and menaced other business houses and one of the city's largest hotels. Kendig, Circle hotel man and abstract has been appointed postmaster succeed B. Stoney who has served acting postmaster the last in the place of Miller year resigned to to California. Mrs. Jesse Ditty of Dillon had row from serious injury few escape days ago when bullet fired by youngengaged target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched into the fox business. He has purchased pair of foxes from Lundgren, who recently turned from Alaska with several pairs of foxes with which to stock his farm near Gage. According to an announcement the Havre high school "Stampede," Charles M. Russell, cowboy artist Great Falls, has consented prepare series of autobiographical sketches for publication in the school paper. of the series appeared in the December issue. The entire capital stock of the Gallatin Milk and Produce company, ued $40,000 and formerly by Bohart and members his family, has been by Walter Sutherland and Dokken, seniors specializing in dairy manufacture college. of seven head of stray horses, whose owners were not found by vertising, according to the of the forest service, held the Pryor creek district of the Beartooth forest recently, according assistant supervisor. These Ferguson, horses, all cayuses, brought an With bullet through the heart, the body of Mike Milkovitch, proprieof the Custer Highway and filling station, mile and half found by boarder Roundup, place by the tain why her husband did not appear for the meal. Milkovitch had evening oil service crank in his right hand an indicating sale of oil or preparation to serve James Carpenter, chairman of the Crow tribal councils, Harry Whiteman and Russell White Bear, have been elected by the Crow Indians to Washington, represent the tribe matters pending before the dian bureau. The named general council meeting Crow Agency. Chief Plenty Coos will also to been summoned by the Indian office.
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Records of the 1925 sugar beet will be better than normal from indications. The harvest praccomplete with the exception of few Juvenile Sumatra is considerably nopped up over the notice recently posted, the same stating that jack pelts are saleable the cents copy. The First National bank of Hardin recently to open its doors for business, and George W. Swords, national bank receiver, has taken charge the bank's affairs. Damage estimated at sulted at Great Falls when fire gutted store the heart of the grocery business district and menaced several other business houses and one of the largest hotels. Kendig, Circle hotel man and abstract man, has been appointed postmaster succeed Stoney who has served acting the !ast in of Miller year who resigned to to California. Mrs. Jesse Ditty of Dillon had escape from serious injury ago when bullet fired by youngsters, engaged in target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched the silver fox business. He has purchased pair of foxes from Lundgren, who recently returned from Alaska with several pairs foxes with which to stock his farm near Gage. According to an announcement the Havre high school "Stampede," Charles Russell, cowboy artist Great Falls, has consented to prepare series sketches for publication in the school paper. The first of the series appeared the December issue. The entire capital stock of the Gallatin Milk and Produce company, ned at $40,000 and formerly by Bohart and members of his family, has been purchased by Walter Sutherland and Dokken. seniors specializing dairy manufacture at Montana college. sale of seven head of horses, whose owners were not found by vertising, according to the regulations the forest service, was held in the Pryor creek district the Beartooth forest recently, according to assistant supervisor. These Ferguson, horses, all cayuses, brought an averWith bullet through the heart, the body Mike 35, proprietor the Custer Highway store and filling station, and half of Roundup, found by boarder sent the place by the to why her husband did not appear Milkovitch had for the evening oil service crank in his right hand an indicating sale or preparation serve some, James Carpenter, chairman of the Crow tribal councils, Harry Whiteman and Russell White Bear, have elected by the Crow Indians to represent the tribe in matters pending before the dian bureau. The were named general council meeting Crow Agency. Chief Plenty Coos will also Washington, having been the Indian office.
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Treasure State Tabloids Juvenile Sumatra is considerably hopped up over the notice recently posted, the same stating that jack rabbit pelts are saleable at the rate of ten cents per copy. The First National bank of Hardin recently failed to open its doors for business, and George W. Swords, national bank receiver, has taken charge of the bank's affairs. J. J. Kendig, Circle hotel man and abstract man, has been appointed postmaster to succeed B. N. Stoney who has served as acting postmaster the last year in the place of C. R. Miller who resigned to go to California. Mrs. Jesse Ditty of Dillon had a narrow escape from serious injury a few sters, engaged in target practice, came crashing through the window and went through her hair, grazing the scalp. Otto Barfkencht of Melstone has launched into the silver fox business. He has purchased a pair of foxes from "Andy" Lundgren, who recently returned from Alaska with several pairs of foxes with which to stock his farm near Gage. According to an announcement In the Havre high school "Stampede," Charles M. Russell, cowboy artist of Great Falls, has consented to prepare a series of autobiographical sketches for publication in the school paper. The first of the series appeared in the December 2, issue. The entire capital stock of the Gallatin Milk and Produce company. valued at $40,000 and formerly by W. O. Bohart and members of his family, has been purchased by Walter Sutherland and H. H Dokken, seniors specializing in dairy manufacture at Montana State college. A thirty thousand bushel capacity elevator is under construction at Peerless, the new town 24 miles to the west of Scobey. The Farmers Elevator company of Scobey is building the elevator, which will be managed by Arnold Horgan, now connected with that elevator in Scobey. A sale of seven head of stray horses, whose owners were not found by advertising, according to the regulations of the forest service, was held in the Pryor creek district of the Beartootb forest recently, according to L. F. Ferguson, assistant supervisor. These horses, all cayuses, brought an average of $3. With a bullet through the heart, the body of Mike Milkovitch, 35, proprietor of the Custer Highway store and filling station, a mile and a half west of Roundup, was found by a boarder sent to the place by the wife to ascertain why her husband did not appear for the evening meal.
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MEETING OF DEPOSITORS OF FIRST NATIONAL BANK In accordance with the call issued by the depositors' committee about 500 depositors of the First National Bank of Hardin, which failed to open its doors for business the morning of Nov. 27, Tuesday afternoon, met at the Harriet theatre, the use of which was donated for the occasion by Manager Ed Lawlor. The meeting was called to order by the chairman of the committee, W. E. Humphries of Crow Agency, and R. A. Vickers, secretary, read the minutes of the first meeting of depositors and of the several meetings held by the committee, both in Hardin and in Billings. George W. Swords of Billings, who is temporarily in charge of the bank as receiver, was introduced and made an interesting talk to the depositors. While the plans toward a reorganization of the bank were not yet far enough advanced to permit of his making a definite statement. Mr. Swords assured the depositors that not only would they not lose a dollar but he was not yet sure whether or not it would be necessary for the depositors to sign a waiver whereby a portion of their deposits would have to be left on time deposit, at interest. This has been necessary, he said in most banks that had reopened. In case this might be necessary, cards ocntaining an agreement to sign a waiver were passed among the depositors, and most of those present signed up Mr. Swords assured the depositors that he was bending every effort towards the speedy re-opening of the bank and that immediately after the meeting he was leaving for Minneapolis to consult the chief national bank examiner as to details. He complimented the depositors on the assistance that has been rendered him by their committee, which has already done much of the preliminary work that usually requires n siderable time.
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FIRST NATIONAL BANK TO REOPEN ITS DOORS SATURDAY HI QUINT The basketball fuss at the high school gym, this Friday evening, was played with a vim that made the little audience scream with delight and while the score was Hardin, 38, and Red Lodge, 13, the coal miners from over the hill made Hardin work lightning fast to turn the trick, as they are scrappy little fellows and Billings only bea them five points in their game. Ray Buzzetti brightened his star with 22; "Little Rus" Peterson put nine feathers on his coup stick; "Valentino" Harry Huffman danced in three; "Slender Jackie" Riggs talled in two; and "Cheerleader" Earl Watts wafted in two. For Red Lodge, Thompson netted six, Fleming followed with five and Toffer, two. The score by quarters was: First quarter, Hardin, 9; Red Lodge, 4; half, Hardin, 22; Red Lodge, 6; third quarter, Hardin 30; Red Lodge, 6; final, Hardin 38 Red Lodge, 13. The game was refereed by Harvey F. Ferris, teacher of mathmetics in the Hardin high. The line-up was as follows: follows: Hardin (38) (13) Peterson, rf Fleming,5 Buzzetti, If Miller, c Thompson, Huffman, rg Maus, lg Subs: rf, 2; Riggs, c. Larkin, 0. Hardin hi plays Worden tomorrow night at Worden, and the Hardin hi girls will play the Worden girls. Mrs. G. C. Fellows, of Scott's Bluff, Nebraska, is here for a visit with relatives.
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FREE DANCE GIVEN ON BANK REOPENING In celebration of the reopening of the First National Bank there will be a dance given on the reopening day, Jan. 22, to which the public is cordially invited to attend and to the best of their ability.
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AFTER 14 MONTHS SUSPENSION A PLAN FOR REOPENING IS APPROVED STOCKHOLDERS IN THE NEW INSTITUTIONA. BROAT, PRESIDENT; PING, VICE-PRES., AND O. E. ANDERSON OF TERRY, CASHIER The notice placed on the front door of the First National Bank of Hardin, November 25, 1925, announcing that the institution had suspended and was in the hands of George W. Swords, receiver, was torn off Thursday morning and a large placard announcing that the bank will resume business Saturday, Jan. 22, was placed in its stead. This is the most cheering piece of news that has been given to the people of Hardin and Big Horn county in a long time. The fact that the pioneer bank of Hardin is able to come back after having been in suspension just three days less than fourteen months is more expressive than mere words of the vitality of this community and will do more towards restoring the confidence of the people than anything that has ever happened in Big Horn county. It has been a long, hard tioned, it would have been imtle to put the bank back on its possible to re-open the bank feet-a battle that began just but for the magnanimity of three days after knowledge Frank M. Heinrich, principal that the bank had suspended stockholder and president of the became general. At a largely First National Bank of Hardin attended meeting of depositers at the time of its suspension. Sullivan hall Monday evening, Not only did Mr. Heinrich meet Nov. 30, 1925, the work of re- his legal obligations in the habilitating the way of a 100 per cent assessment placed in the hands of a com- on his stock and the payment of mittee of five depositors com- many thousands of dollars on prising W. E. G. Humphries, worthless and doubtful paper John MacLeod, J. H. Ransier, he had guaranteed. but he stepRev. J. A. Meeke and R. A. ped into the breach, when it Vickers, of which the first seemed impossible that the bank named was chosen chairman would be able to resume, d and the latter secretary. This voluntarily put up his notes committee, led by its indefatig- for $100,000 to take care of any able chairman, has been ener- shortage in assets that might getically on the job all the time. develop and to form a guaranAt first it appeared that the tee, along with the quarter of a bank might be re-opened for million dollars of frozen assets business within a few weeks, eliminated from the bank, that but after the assets had been depositors may eventually scaled down, and then scaled be paid, not only the 70 per cent down again, it became apparent guaranteed by the bank, but that the depositors would have the 30 per cent waived, as well. to waive thirty per cent of their Mr. Heinrich, several months deposits, if the bank was to ago, appeared before the comresume. depositors' com- mittee and made this offer, mittee got busy and after stating that while he was not vigorous campaign, in which legally bound to do more than they had the hearty assistance he had already arranged to do, of several other depositors, the name of Heinrich had been more than 98 per cent of the behind the bank and he felt nearly half million dollars on morally liable. While Mr. Heindeposit was waived. rich is a wealthy man and can do this magnanimous act, posThe committee- had a most sibly without any great inconvaluable ally in Receiver Geo. venience to himself. not one W. Swords of Billings, who man in a thousand similarly lent his strong influence situated would pay $100,000 on wards a re-opening of the bank. strictly moral obligation. All Through his intercession with honor to Frank M. Heinrich for the national banking departhis- unselfish action! ment at Washington permisThe final check and recomsion was given the committee mendation which assured to sell $65,000 worth of stock in re-opening of the bank was the re-organized bank to demade by National Bank Exampositors, the par value of $100 iner Paul E. Hoover of Minneaper share and the $16 per share polis, who has been here the surplus to be charged against past ten days making a thorthe guaranteed 70 per cent of ough examination of the rethe depositor's account. This sources and liabilities of the made possible the subscription bank, and assisting L. B. Whitof the stock and surplus, which ten, assistant to totalled $75,000, nearly all of Swords, and Cashier E. Anwhich was taken by depositors, derson in the preliminaries thus greatly reducing the lianecessary to the re-opening. Mr. bilities of the bank. Hoover expressed himself as After the stock had been subscribed, a meeting of stockholders was held and the following board of directors chosen: Broat, Ping, Frank M. Heinrich, C. H. Asbury, W. E. G. Humphries, J. Hagerman and Frank J. Kopriva. board of directors organized by the election of A. S. Broat, president, and J. J. Ping, vicepresident. O. E. Anderson, for the past 15 years assistant cashier of the Terry State Bank at Terry, one of the strongest nancially of any bank in Montana, was chosen cashier and Carl E. Bowman, for nine years prior to two years ago postmaster at assistant cashier. These gentlemen have worked along with the depositors' committee, lending their every effort towards bringing about the desired end, as has also Charles M. Bair of Billings, who attended most of the committee meetings held at the office of Receiver Swords in Billings and whose wise counsel and timely assistance was of inestimable value in bringing the re-opening plans to fruition. Notwithstanding the splendid efforts of all those before men- much pleased with the showing the bank makes at its re-opening, the report of the bank's condition being as follows: Approximate of Condition As of Date of RESOURCES Loans and Discounts Bonds, Securities, 7,173.76 Fed. Reserve Bank Stock 2,250.00 Banking House 10,500.00 Furniture Fixtures Cash Hand and Due from Banks 161,536.93 Redemption Fund 750.00 TOTAL LIABILITIES Capital Stock 65,000.00 Surplus 10,000.00 Undivided Profits 1,417.24 Demand Deposits 46,806.30 Time Certificates of Deposit $206,930.15 TOTAL The stock in the bank is held by sixty-one present and former residents of Big Horn county, as follows: O. E. Anderson. Andrew Adler, C. H. Asbury, Carl E. Bowman, C. M. Bair, A. S. Broat, J. C. Buzzetti, Rex Bryan, E. C. Bearss, Albert Coffin, A. E. Calahan, F. A. Cooley, P. M. Conver. C. A. Corkins, E. H. Dygert, Dunne, C. S. Eder, R. Elarth, E. C. Flickinger, Fred Fridley, J. Y. Ferguson, Henry Frickel, John Fleyler, Geo. B. Gunderson, Frank M. Heinrich, Wm. Heinrich, W. E. Humphries, J. L. Hagerman, A. M. Hicks, Ira Haynie, Jacob Hardt, J. Johnson, Frank J. Kopriva, John C. Kopriva, Frank Kincaid; J. A. Keobbe, J. H. Keir, T. Koerber, Henry Kray, Linthacum, Mollie Lind, Mabel Logan, Bertha Miller, Montana Power Co., W. E. Newkirk, Stanley Nichols, J. J. Ping, J. Perry, Martin Ranvick, W. H. Roach, T. S. Redding, Lester Rice, Lyle J. Tintinger, Harry P. Van Epps, R. A. Vickers, Henry H. Wilson, S. L. Weir. Lettie A. Wright, M. L. Wright, Dewey C. Walker. O. Anderson, who as cashier will be the active head of the bank, has had many years' successful experience in the banking business, the past 15 years as assistant cashier of the State Bank at Terry, and comes to Hardin highly recommended. He is a married man with two children and will move his family here just as soon as he can secure a suitable dwelling place for them. The board of directors made a wise selection when they chose Carl E. Bowman for the position of assistant cashier. He served the people of Hardin nine years as postmaster and went out of office with the commendation of all the patrons of the office. Miss Esther Graff, who has been the efficient stenographer for the bank the past couple of years or more, will continue in this position.
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The trustees of the fund of the First National Bank of Hardin have notified holders of certificates that first payment of per cent of the face value of the participating certificates will be made upon of the certificates the First National Bank of Hardin. When the bank resumed business in February, 1927, after suspension of fourteen months, it was upon guarantee that seventy cent of the deposits would be paid per cent at the end of the first 25 year, cent at of the second year and 25 cent at the end of the third year the other thirty per cent being waived by the depositors. The bank has done good business since it reopened and the three guaranteed payments, making up the seventy per cent, were paid several months in advance of the due date, each year. The real estate owned by the bank, including some town and farm property, together with the slow assets of the bank were placed in this "thirty per cent which has been administerby three trustees, H. Roush, Humphries and Carl Bowman, who have succeeded collecting in sufficient amount to make this first distribution which means six per cent the total amount on deposit the time the bank suspended November, 1925. Added to the seventy per cent already paid by the bank proper, the depositors have received to date 76% of the total that was on deposit, and will receive additional payments from time to time as liquidation of this per cent" fund gresses.
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25 YEARS AGO January 21, 1927 The notice placed on the front door of the First National bank of Hardin, November 25, 1925, announcing that the institution had suspended and was in the hands of George W. Swords, receiver, was torn off Thursday morning and a large placard announcing that the bank will resume business Saturday, Jan. 22, was placed in its stead. This is the most cheering piece of news that has been given the people of Hardin and Big Horn county in a long time. The fact that the pioneer bang or Hardin is able to come back after fourteen months is more expressive than mere words of the vitality of this community and will do more toward restoring the confidence of the people than anything that has ever happened in Big Horn county. Charles Wallen of Knoxville, Mo., had rather a distressing experience this week. Accompanying a shipment of eight thoroughbred Jacks and two stallions from his Missouri home to Billings, he had built partitions in the boxcar to keep the animals separate and also reserved a place for himself, where he made his bed on a pile of straw. On Burlington freight train No. 109, shortly