Superior Bank (Superior, WI)

Episode Information

Episode UID
1459869891147
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
145986989 hash
Start Date
July 27, 1895
Location
Superior, Wisconsin (46.721, -92.104)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2734794b7253a0f9

Response Measures

None

Description

Closure date inferred from last Saturday relative to July 30, 1895; cause not specified in these articles.

Events (1)

1. July 27, 1895 Suspension
Cause Details
Article states the Superior bank closed but gives no explicit cause for its failure.
Newspaper Excerpt
the closing of the Superior bank last Saturday
Source
newspapers

Newspaper Articles (6)

Article from The Seattle Post-Intelligencer, July 31, 1895

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Article Text

BANK FAILURES. West Superior, Wis. Has Lost Three in Sixty Days. West Superior, Wis., July 30.-The Keystone National bank closed its doors this morning. It was considered one of the strongest in the city. The immediate cause of the trouble was the closing of the Superior bank last Saturday, which caused a run on the Keystone National. The bank has suffered a heavy decline in recent months. The deposits have fallen from $280,000, as shown by the statement of May 8, to about $178,000 at the close of business yesterday. This condition of affairs, together with the inability to make collections, necessitated the closing of the bank. C. H. Brush, the national bank examiner, took charge. The bank stockholders will take immediate steps to reorganize. There were slight runs on some of the other banks in the city, but it is thought that everything has quieted down now. This makes three banks to have closed within the last sixty days. Denver, July 30.-Joseph T. Albert, national bank examiner for the district of Colorado, arrived in Denver today and took charge of the affairs of the Union National bank. It is thought that the examiner will be in a position to pay considerable dividends to depositors at the end of about ninety days. There were upwards of $300,000 cash in the vaults when the doors were closed yesterday, and in addition, a considerable amount is due from other banks, which will, of course, be speedily collected. It is reiterated with emphasis that the bank will pay dollar for dollar, without having to make a levy on stockholders. The city has $25,000 in the bank, the county about $70,000 and the state $50,000. Salisbury, Mo., July 30.-The Bank of Salisbury was closed this morning. No statement has been made.


Article from The Salt Lake Herald, July 31, 1895

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Article Text

BANK CLOSES. Keystone National of Wisconsin in Trouble. WEST SUPERIOR, Wis., July 30.The Keystone National bank closed its doors this morning. It was considered one of the strongest in the city. The immediate cause of the trouble was the closing of the Superior bank last Saturday which caused a run on the Keystone National. The bank has


Article from Omaha Daily Bee, July 31, 1895

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Article Text

THIRD SUPERIOR BANK CLOSES. Slight Runs on the Remaining Ones, but Things Are Quieting Down. WEST SUPERIOR, Wis., July 30.-The Keystone National bank closed its doors this morning. It was considered one of the strongest in the city. The immediate cause of the trouble was the closing of the Superior bank last Saturday, which caused a run on the Keystone. The Keystone was the one founded by Cadwallader, who, about two years ago, appropriated about $65,000 to himself and fled to Brazil, whence he was brought back, and is now' serving a term in the house of correction at Milwaukee. In addition to the withdrawal of general deposits, there was threatening heavy withdrawals of certificate money from the bank. The bank has suffered a heavy decline in deposits in recent months. The deposits have fallen from $280,000. as shown by the statement of May 8, to $227,000, as shown by the statement of July 11, and at the close of business yesterday there was about $178,000. This condition of affairs, together with the inability to make collections, necessitated the closing of the bank. C. H. Brush, national bank examiner, took charge. The bank's stockholders will take immediate steps to reorganize. On July 11, the date of the last official statement of the bank, the liabilities outside of the circulation were $259,857, including $12,000 notes and bills rediscounted and $20,000 bills payable. The assets included $369,525 of loans and discounts, $34,102 stocks and securities, $65,344.75 cash on hand and due from other banks. There were slight runs on some of the other banks in the city, but it is thought that everything was quieted down now. This makes three banks that have closed within the last sixty days.


Article from The Kootenai Herald, August 3, 1895

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Article Text

West Superior Bank Closes. West Superior, Wis., July 30.-The Keystone National bank closed its doors this morning. It was considered one of the strongest in the city. The immediate cause of the trouble was the closing of the Superior bank last Saturday, which caused a run on the Keystone National.


Article from The Silver Blade, August 3, 1895

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Article Text

West Superior Bank Closes. West Superior, Wis., July 30.-The Keystone National bank closed its doors this morning. It was considered one of the strongest in the city. The immediate cause of the trouble was the closing of the Superior bank last Saturday, which caused a run on the Keystone National.


Article from River Falls Journal, October 31, 1895

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Article Text

POTATOES AS A FOOD FOR LIVE STOCK. BY W. HENRY, Director Wis. Agricultural Experiment Station Wisconsin farmers have harvested the large crop of potatoes ever grown in the state only find that the markets are glutted at exceed ingly low prices. There has also been an un usually heavy grain crop harvested in mo sections, and with bins overflowing an eno mous quantity of potatoes.will be wasted unles their feeding value is appreciated and they a intelligently handled. While potatoes are extensively used in man countries for stock food, their value for th purpose is little known and less appreciate by our people, because most years prices hay ruled so high that there was more profit in sel ing than feeding. Bitter as is the disappoint ment concerning results, the present offers opportunity for a practical lesson in the feed ing value of potatoes, which If rightly practice will turn impending loss into a fair prof after all. WHAT EXPERIMENTS SHOW Girard, the French investigator, in exper ments with steers and sheep. secured the fo lowing results: Steers fed 110 lbs. beets per day gained pounds per day Steers fed lbs. potatoes per day gained 2. pounds per day. Steers fed lbs. potatoes per day gained 3. pounds per day Sheep fed 8.8 lbs. beets per day gained 1: per day. pounds Sheep fed 4.4 lbs. potatoes per day gaine 239 pounds per day. Sheep fed 6.6 lbs. potatoes per day gaine 295 pounds per day. In the above experiments the potatoes wer cooked before feeding, practice not to I generally followed excepting with swine. all cases hay and straw were fed additiona The figures show that potatoes were wort considerably more than twice their weight field beets. Girard oncludes: "The potato when fre from rot and mature must be considered as food of excellent merit for producing meat.' Fjord, the great investigator of feeding stuff in Denmark, found as the result of many ex periments that four lbs. of potatoes furnishe as much nutriment to animals as one pound rye or barley. The writer conducted experiments a fe years since to ascertain the value of potatoe for hogs. The potatoes were carefully weighe and then cooked in iron kettles and a weighe amount of corn meal added so as to make thick pudding or mush. These experiment show that 145 pounds of potatoes were equal 100 pounds of corn meal in pig feeding. I other experiments have shown that corn mea had somewhat higher feeding value than bar ley. This true, my results are practically con cordant with Fjord's, and we may assume wit safety that four pounds of potatoes are wort one pound of barley or rye and almost th same weight of corn meal for hog feeding. Cooked potatoes to which meal has bee added are excellent food for fowls. Besides their nutritive value, potatoes ai helpful in furnishing a variety of food an keeping animals in a healty condition. a poir always considered by the prudent stock man. From what has been said above, we see the when corn is worth 40 cents a bushel, potato are worth about 10 cents a bushel for feedin purposes. HOW TO FEED POTATOES. Although Girard favored cooking for steer and sheep, general experience goes to sho that they can be most economically used b feeding raw to all farm animals, excepting hog and fowls. For he rses, sheep and dairy cows, potatoe should be sliced in root-cutter or chopped a box with sharp spade. Milch cows may be fed with advantage much as 25 pounds of sliced potatoes per day if greater weight than this is fed the potatoe will have an unfavorable influence on th quality of the butter produced. For sheep, 3 or pounds of potatoes daily t each member Of the flock will prove highly ad vantageous; fattening sheep may be fed a much as pounds per day. Work horses may be fed 10 or 12 pounds pe day of sliced potatoes; more than this shoul not be fed because this food is too "softening. Idle horses and breeding stock can get a some what larger amount with advantage. Hogs do not thrive on raw potatoes. Th writer has found that in cooking potatoes fo hogs only a little water should be placed in th kettle so as to leave the potatoes almost fre from water when the cooking is finished; the by withdrawing the fire the potatoes can b mashed "in the kettle and meal mixed wit them, making a thick mush or pudding. thick pudding was found to be more acceptabl to the hogs than a thin mush or slop. FEED POTATOES AND SAVE THE GRAIN. Experience shows that unusually large crop over large areas may work harm to the farme because the very low prices which often follow cause him to become careless and wasteful what he has raised. This threatening faul should be carefully avoided by our people this time. It should be remembered that pc tatoes are perishable and will soon waste an disappear, while the grain now on hand ma be saved in the bins for some years to com without material loss. The farmer with a larg stock of potatoes on hand should feed these his stock as rapidly as they can be judiciousl handled in order to conserve the grain. Whil potatoes may not be worth more than 10 cent a bushel for feeding they may effect a savin of hundreds of bushels of grain, which at som later time may bring better prices, or at leas this action will tend in that direction. Our figures teach that an acre of good pota toes may be worth as much for feeding as acre of corn yielding from 50 to 75 bushels grain per acre. Viewed in this light the potat crop is after all not necessarily a losing one. POTATO RAISING STILL PROFITABLE INDUSTRY. No state in the union raises better potatoe than Wisconsin, and our reputation in thi direction is already established. Unlike wheat our great crop of potatoes will all have disap peared by July next. They cannot be carrie over to affect next year's market. The preser season is one of -production because th crop has been generally large everywhere. Ou farmers should arrange to plant a reasonable acreage of potatoes next year and every year They should know the feeding value of pota toes and how to feed them, 80 that when price rule low in the future they are prepared t utilize them to the best advantage on their OW farms. In this way the present season ma prove an opportunity for a most valuable, last ing lesson. For the year ending Aug. 31, 1894 under the McKinley tariff the impor tation of shoddy was 201,404 pounds For the year just ended under th Democratic free wool tariff 17,666,56 poundsof the vile stuff were imported The State had some $30,000, it seem on deposit in the Superior bank which lately failed. This has cause some of our republican colleagues t fall into the error of criticising th law directing such deposits of th public funds. In our opinion suc criticism is ill-founded. If the stat officers have done their duty, and W will not assume that they have not the funds of the state are absolutel safe, for the state has the guaranty not only of the responsible stock