19648. First National Bank (La Crosse, WI)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
1313
Charter Number
1313
Start Date
October 2, 1873
Location
La Crosse, Wisconsin (43.801, -91.240)

Metadata

Model
gpt-5-mini
Short Digest
af3abe7e7b7fb3ae

Response Measures

None

Receivership Details

Depositor recovery rate
48.4%
Date receivership started
1876-04-11
Date receivership terminated
1882-07-20
OCC cause of failure
Fraud
Share of assets assessed as good
28.0%
Share of assets assessed as doubtful
20.0%
Share of assets assessed as worthless
52.0%

Description

Newspaper (Oct 2, 1873) reports the First National (La Crosse) suspended payments for a few days pending currency from the East after telegrams from Chicago. No run is described; suspension was temporary (implying reopening). Context: Panic of 1873; article attributes suspension to inability to get currency/returns from eastern correspondents.

Events (3)

1. June 20, 1865 Chartered
Source
historical_nic
2. October 2, 1873 Suspension
Cause
Correspondent
Cause Details
Temporarily suspended because currency from the East (via correspondents/Chicago) was refused; they awaited currency shipments.
Newspaper Excerpt
Upon the telegrams from Chicago, Thursday, the First National and Batavian Banks, in La Crosse, suspended for a few days, until they can get currency from the East, which is totally refused at present.
Source
newspapers
3. April 11, 1876 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from The Manitowoc Tribune, October 2, 1873

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Article Text

WISCONSIN NEWS. Captain Lutz, of the fisbing snack Maggie Lutz, informs the editor of the Sheboygan Herald that he caug 22,000 pounds of white fish and tr ut off that coast during last week. lie has been engaged in fishing for many years, but never captured so many fish in one week before. The Wisconsin Central Railroad Company has obtained a writ of ma-damus from Judge Cate, of the Circuit Court, requiring the Governor to issue unqualified certificates for land on the two sections completed this summer declining, howeyer, to pass on the question 1. hether the company was entitled to all the lands. An appeal was taken to the Supreme Court. Gov. Washburn has purchased the handsome residence near Madison, owned by Samuel Marshall, of the State Bank, and for some years occupied by him as a residence. Justus Sceley, of Montr Dane county, had twenty-one of his sheep killed by lightning last week. The Lancaster (Grant County) Herald states that a young child of John Mul rooney was bitten by a rattlesmake on Thursday last. Dr. Howes atten led the child and doubts its recoverv. At the time the child was bitten, Mrs. M with the bravery of a Spartan mother cut out a large portion of the wound with a buteher knife. Two hundred and sixty dollars was stolen out of the Express office at Union Centre, Sauk county. No clue has been obtained of the thief. Eau Claire business mec have suba scribed twenty thousand dollars for new post office building. The Republicans of the Fourth Sena torial District, embracing the counties of Vernon and Monroe, have nominated A. E. Bleekman, of Tomah, for Senator. About 20,000 pounds of wool have been bought at Fort Atkinson the present season, for which cost to the amount of $80 000 was paid. There are over seventy five acres of frosted tobacco in the town of Fulton, Rock county. The Watertown Bank got scared on Tuesday, and suspended payment to depositors for ten days. Upon the telegrams from Chicago, Thursday, the First National and Bata vian Banks, in La Crosse, suspended for a few days, until they can get currency from the East, which is totally refused at present. The banking house of Wilson & Jurgens has decided not to close, hav ing ample currency to pay all possible demands. Mattias Hansen, a Norwegian farmer in the town of Carlton, Kewaunee county, committed suicide last week by taking a dose of prepared bed bug poison. Mr. and Mrs. Edward Akin, of Harmony, Rock county, celebrated their golden wedding on Thursday. At Crystal Lake, Marquette county, recently, two boys, named Some and Dutsour, got into a quarrel, when the father of Some came out with his gun, and seizing it by the barrel, struck Dutsour on the head, inflicting only a slight wound, but the gun in some way, went off in Some's hands, and the charge entered the body of the latter, killing him almost instantly. Chapman & Cooper will put their stages on the mail route between Bayfield Ashland and Superior, early the coming winter, and the stations on the road will be kept in good style during the season. There are about 350 pupils in the State Normal school at Oshkosh, 160 being in the Normal department proper. The Ashland Press says: "It is now thought that the gap between the two ends of the Wisconsin Central Railroad will be only thirty miles on the 1st of January. This will be staged during the winter, and by early spring the track will be laid that distance, thus giving Ashland connection with Milwaukee and Chicago." The Ashland House, at Ashland, owned by Mr. Peckham, formerly of Winona, was destroyed by fire on the 13th inst., Loss $3,000; no insurance, Mr. Peckham has commenced to rebuild.


Article from The Manitowoc Tribune, October 2, 1873

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Article Text

It is expected that additional suspensions will be announced in London. A new post office has been established in Brown county on the line of the Chicago and Northwestern Railroad, between Depere and Wrightstown, called Little Rapids, and Mr. Prescott Boynton appointed postmaster. A lad named Jacob Graves fall a distance of forty feet, in Green Bay, on Friday evening, and singular escaped serious injury. The lumber companies at La Crosse are shutting down their mills, thus throwing a large number of men out of employment. The Batavian and First National Barks 1 of La Crosse having temporarily sus-