19891. Keystone National Bank (Superior, WI)

View Charter #4399 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4399
Charter Number
4399
Start Date
July 30, 1895
Location
Superior, Wisconsin (46.721, -92.104)

Metadata

Model
gpt-5-mini
Short Digest
49c883e815d94e9c

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
49.2%
Date receivership started
1895-08-15
Date receivership terminated
1899-08-31
OCC cause of failure
Losses
Share of assets assessed as good
34.3%
Share of assets assessed as doubtful
14.2%
Share of assets assessed as worthless
51.5%

Description

Multiple contemporaneous articles report a run on the Keystone National Bank of West Superior after the closing of the Superior (Superior National) bank in late July 1895; examiner Brush took charge, the bank suspended/closed July 30–31, 1895, and the Comptroller appointed a receiver in mid-August 1895. Dividends were later paid by the receiver, confirming permanent closure and receivership rather than simple temporary suspension/reopening.

Events (6)
1. August 16, 1890 Chartered
Source
historical_nic
2. July 30, 1895 Run
Cause
Local Banks
Cause Details
Run triggered by the recent closing/failure of the Superior (Superior National) bank in West Superior, which spooked depositors and led to heavy withdrawals from Keystone.
Measures
National bank examiner C. H. Brush took charge; stockholders planned reorganization.
Newspaper Excerpt
The immediate cause of the trouble was the closing of the Superior bank last Saturday, which caused a run on the Keystone National.
Source
newspapers
3. July 31, 1895 Suspension
Cause
Local Banks
Cause Details
Heavy drains on deposits following runs (linked to other local bank failures) and inability to make collections forced the bank to close/suspend operations.
Newspaper Excerpt
The Keystone National bank closed its doors this morning... This condition of affairs, together with the inability to make collections, necessitated the closing of the bank.
Source
newspapers
4. August 15, 1895 Receivership
Source
historical_nic
5. August 15, 1895 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Gilbert G. Thorne temporary receiver of the Keystone National Bank of Superior, Wis. These banks failed recently.
Source
newspapers
6. November 1, 1895* Other
Newspaper Excerpt
The first dividend collected by Receiver Thorne out of the assets of the suspended Keystone National bank is now being paid to the depositors... The first dividend is 5 per cent.
Source
newspapers

Newspaper Articles (22)
1. July 31, 1895 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, July 31, 1895

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THE THIRD BANK CLOSES. National Keystone Bank Closes— The Third Since the First of June. WEST SUPERIOR, Wis., July 31.The National Keystone bank, which closed its doors yesterday, 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 Superior National bank was the one founded by Cadwallader, who about two years ago appropriated to him self about $65,000 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 deposit there were heavy withdrawals of certificate money from the Keystone 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 $227,447 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.P. Brush, the National bank examiner took charge. The bank had a capital of $200,000 and a surplus of $22,000. There was $98,000 city money and $150,000 general deposits. The bank's stockholders will take immediate steps to reorganize. On July 1, the date of the last official statement of the bank, the liabilities outside of the circulation were $259,744 including $12,000 notes and bills rediscounted and $20,000 bills pay able. The assets included $469,575 of loans and discounts, $34,102 stocks and securities, and $65,344.75 cash on hand and due from other banks. There were slight runs on some other banks in the city but it is thought everything is quieted down now. This makes three banks to have closed within the last 60 days.

2. July 31, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 31, 1895

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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.

3. July 31, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 31, 1895

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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

4. July 31, 1895 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 31, 1895

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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.

5. August 1, 1895 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, August 1, 1895

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WISCONSIN BANK SUSPENDS. Drain on Deposits Too Heavy-Will Probably Resume. WEST SUPERIOR, WIS., July 31.-The Keystone National Bank has been taken charge of by C. H. Brush, nationalbank examiner. The heavy drain of the last two months has laused the deposits to decrease from $280,000 to $227,747. The bank claims that its assets are $291,000, and its liabilities $259,747. The city had on deposit $89,000 and the State $15,000. Other local depositors bring the amount up to $187,000. It has always been considered one of the strongest institutions in the city, and since 1890 has paid good dividends to its stockholders. The assets are amply large to protect all depositors, and in all probability the bank will resume in the near future.

6. August 1, 1895 The Daily Texarkanian Texarkana, AR
Article from The Daily Texarkanian, August 1, 1895

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The National Keystone Bank, of West Superior, Wisconsin, has gone under. It was thought to be as solid as a stone, but a run on it proved disastrious.

7. August 1, 1895 The Daily Texarkanian Texarkana, AR
Article from The Daily Texarkanian, August 1, 1895

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CO., aucur real estate. They still go to Dalby Springs from this city. We would like to hear from "Mary" once more. We met several old acquaintances today on their way to Clarksville, Texas to take in the confederate re-union. The editor came down today, and stopped for a few minutes, but returned home. He thinks he will be up all right tomorrow. Fresh bread at 5 o'clock every and day, early morning at Street. City Bakery No. 210 West Broad OTTO BERCHTEN. It looks much like rain. We think a shower is coming to us just about this time, and we shall not kick, unless a cyclone comes along with it. The National Keystone Bank, of West Superior, Wisconsin, has gone under. It was thought to be as solid as a stone, but a run on it proved disastrious. District court for the Texarkana, Texas, District, will open here on the 7th of October and hold three weeks, so we have been informed by deputy Sheriff Payne. A freight train was attacked by some one, or party of men near Van Buren while running and the was shot and engineer in the face the brakeman hit with a stone. If wearing bifurcated skirts and "straddling" a bicycle will consign a woman's soul to perdition, the man who wears a "surcingle" will not land far short of the same spot. Mr. and Mrs. L. L. Marshall and their charming little daughter, Golda, left this morning on the T.C. cannon ball, to visit their old home in Parsons, Kansas. They will be gone about six weeks. Prof. W. W. Robertson was joinhere by his talented who will add grace, ed wife, yesterday much and to our social We in circles. youth speak beauty for welcome. the people giving her a hearty The negro Edwards, shot by Zeb Richardson, yesterday at Eylau, was only "winged." The bullet struck him near the hip in the side and glanced off. Five shots were fired at him, but only one did any duty. Mr. Charles Wilkerson and wife have returned from Arcada, Mo. Mr. Wilkerson's looks show plainly that the trip has benefited him He said greatly. he could tell the difference in the atmosphere as soon as he landed here. Hope and Lewisville, A kansas base ball teams played " game of ball at Hope on Tuesday evening. The Lewisville boys were beaten. We see from the Call that Guy Trimble acted as catcher for Lewisville. The game stood 21 to favor of Hope. "Labor Day" has come to stay with us as a holiday and the men at the head of the movement are confident of having a thousand men in on the hope man can every line laboring day of parade. who We walk will be in line on the 2nd of September and make it a memerial one. The prosperity of this country must depend upon the young men of in this there this country. city preparing How many them- are selves to battle with the ups and downs after "daddy is gone." Come "Cigarette," "German" and "Beau Brummel" get a push on your freight. The colored Odd Fellows of this

8. August 3, 1895 The Superior Times Superior, WI
Article from The Superior Times, August 3, 1895

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To Liquidate. Away back in war days to "Liquidate" was to repair to the nearest sutlers tent and take a drink. Today out in Dakota, according to Brer. Wood, to "Irrigate" the same definition is applied. Now to "Liquidate" is applied to the banking house which closes its doors and goes out of business, and, while it also means to take something, it does not follow that the something taken must be of a liquid nature. It may be, and often is, the widow's mite or the poor man's little account he has laid aside for a rainy day or to meet next winter's coal bills with. Within the past three or four months Superior has had four of these "Liquidations." In some instances it is quite safe to say that the widow will lose her mite and the poor man his coal money. In other cases it looks as though both classes will in time recover whatever they might have had invested in the institutions now in process of "Liquidation." Last Saturday morning the Superior National bank closed its doors with the statement that it was not doing a paying business and thought it best to suspend. It also stated that its liabilities were $141,300 and its assets $275,600 of which latter amount $10,000 was cash, $57,000 United States bonds and $37,600 in real estate, building and fixtures. With this state of affairs existing a shrinkage of almost 50 per cent. on the assets can be allowed and still meet all the liabilities. This bank had $65,000 of the city funds and a capitol of $135,000. On Tuesday morning the Keystone National bank closed its doors with the statement that its liabilities were $259,747 and its assets $291,000. President Tennis informed his friends that he was quite sure that his bank would be reorganized and open its doors again soon. The bank had $98,000 of city funds and $15,000 of state funds. The capital is $200,000 with a surplus of $22,000. Of course we are experiencing pinching financial times, but the fact still remains that the banking business has been very largely overdone in Superior. Where two or possibly three banks could have done a good and profitable business almost a dozen have been trying to eke out a miserable existence and a good many of them at least depending largely upon the public funds for their capital or stock in trade. By the four banks that have recently gone into "Liquidation" the and schools have lost, for the time being at least, over $200,000, and it is safe to say that of this sum 25 per cent. can be set down as gone forever. It is not a good business propositition to have large sums of money put away in vaults idle, but in view of this state of affairs it may be well to consider the advisability of constructing a vault for the public monies of the city. The experience of this city has been that it loses more in this and other ways than it gains from interest received. We doubt not every tax payer would like to help every bank in the city to a few thousands, but can they longer afford to do SO and save their own homes and property? What with the banks and a horde of public officials who think plundering the public troacury legitime hener

9. August 3, 1895 The Kootenai Herald Bonners Ferry, Kootenai, ID
Article from The Kootenai Herald, August 3, 1895

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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.

10. August 3, 1895 The Silver Blade Rathdrum, ID
Article from The Silver Blade, August 3, 1895

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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.

11. August 8, 1895 Union County Courier Elk Point, SD
Article from Union County Courier, August 8, 1895

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NEWS OF THE WEEK. Condensed Items of Interest From all Parts of the World. HAVANA-It reported that Antonio Maceo at the head of 6,000 insurgents, is attacking the town of Jiguani, near Bayamo, in the province of Santiago de Cuba. Gen. La Cambre with 2,000 troops has gone to the relief of Jiguani. No further details are obtainable at present. SALT LAKE CITY-Reliable information received in this city at a late hour last night is to the effect that several collisions between Indians and whites have occurred, not, however, in Jackson's Hole, but near the Teton country. YUMA, Ariz.-In the White River, eight miles from Camp Apache, has been found a remarkable cave, in which were found between 300 and 400 human skeletons. The skeletons are of various sizes. The White Mountain Apaches say there is a large lake of water in the cave. VICTOR, Col.-W. S. Stratton has struck probably the richest silver lead ever found in any mine. In the Independance the miners in following a lead across a vein that will run 8140,000 to the ton. WASHINGTON-The comptroller of the currency was informed this afternoon that the Keystone National Bank of West Superior. Wis., closed its doors this morning and is in control of Bank Examiner Brush who also is in charge of the Superior bank there which failed some time ago. Mr. Brush gave no particulars of the failure and the comptroller is in possession of no details. WASHINGTON-N advices have been received at the Indian bureau today from Agent Teter. Commissioner Browning expects no news from him until tonight if then. The troops will reach the scene of trouble tonight or tomorrow, he thinks, and upon their appearance the Indians will peaceably return to their reservation. There is a possibility of their showing fight but the commissioner does not look for it. BALTIMORE - The Maryland Steel Company has decided to increase wages ten per cent. to take immediate effect. President Wood says: "The great business revival warrants the employment of a larger number of men at higher wages." PORT TOWNSEND, Wash.-The officers of the United States revenue cutter Fleet in Behring Sea report the almost total absence of seals in northern waters this year. MARTINSBURG, W. Va.-In the circuit court of Jefferson at Charlestown yesterday Judge Falkner overruled a motion to set aside the verdict against Dr. W. E. Perry, who was convicted of an assault on Miss Johnson, Hamiltown, and sentenced him to 14 years in the penitentiary. HONESDALE, Pa.-The August Hartungs brewery was destroyed by fire this morning. Loss, 850,000; insurance, $16,000. EAGLE PASS, Tex.-Sunday night a car containing 172 destitute negro colonists returning from Torreon, Mex., was placed on a switch near here to await fresh supplies and assistance from railway companies. Yesterday several cases of smallpox were discovered among the negroes and the entire party is now under strict quarantine. SAN ANTONIO, Tex.-The railroad officials in this city have been asked to submit rates and transportations to Laredo and Eagle Pass in case it is decided to transfer the Corbett-Fitzsimmons fight to Mexico. This action is regarded as a bluff, however, as it is practically conceded by nearly everybody conversant with the situation that the fight will take*place at Dallas on the date selected. BOONVILLE, Mo.-The worst storm of wind and rain in the memory of the oldest inhabitant passed over this city at 6 o'clock last evening. No fatalities are reported but the destruction of property is great. MOBILE, Ala-The British steamer Strathgyle cleared from Scranton, Miss., with 3,203,000 superficial feet of lumber in the shape of deals for Rotterdam. Baring the Great Eastern's cargo of deals of Montreal a number of years ago the Strathgyle's is the largest cargo of lumber ever carried out of any port of the United States. CITY OF MEXICO-The extradition case of Chester and Richard Rowe, who are wanted by the Iowa authorities for the embezzlement of public moneys, has not assumed any different phase. Legal opinion is to the effect that the Mexican nationality of the former will not have any weight with Foreign Secretary Mariscal. The case will therefore probably be decided upon its merits without reference to the question of citizenship. NEW York-The Herald's Panama dispatch says: The strike in Panama and Colon continues and it is reported as spreading. The latestest news is that the laborers along the line of the railroad are leaving and joining the ranks of those already out. NASHVILLE, Tenn.-The Sun Publishing Co. was incorporated here yesterday and will publish a new daily paper beginning about Sept. 1, Ex-Congressman B. A. Enloe will be in charge.

12. August 15, 1895 Evening Star Washington, DC
Article from Evening Star, August 15, 1895

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Bank Receiver Appointed. The controller of the currency has appointed Gilbert G. Thorn receiver of the Superior National Bank of West Superior, Wis. Mr. Thorn is also receiver of the Keystone National Bank of the same city. These banks failed recently.

13. August 16, 1895 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, August 16, 1895

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Appointed Temporary Receiver. WASHINGTON, Aug. 16.-The comp. troller of the currency has appointed Gil. bert G. Thorne temporary receiver of the Keystone National bank of Superior Wis,

14. August 16, 1895 The Herald Los Angeles, CA
Article from The Herald, August 16, 1895

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Appointed Receiver WASHINGTON, August 15. -The comptroller of the currency has appointed Gilbert G. Thorne temporary receiver of the Keystone National bank of Superior, Wis.

15. August 16, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 16, 1895

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DOMESTIC DOTS. Telegraph News from All Parts of the Land Over Which the Stars and Stripes Wave. WASHINGTON.-The comptroller of the currency has appointed Gilbert G. Thorne temporary receiver of the Keystone National Bank of Superior, Wis.

16. August 16, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 16, 1895

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Receiver of the Keystone. WASHINGTON, Aug. 15.-The comptroller of the currency has appointed Gilbert G. Thorne temporary receiver of the Keystone National bank, of Superior, Wis.

17. August 29, 1895 River Falls Journal River Falls, WI
Article from River Falls Journal, August 29, 1895

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The News Condensed. John Desmond, under arrest at Milwaukee, confessed that he was a member of a gang of thieves who had plundered Northwestern and St. Paul cars in Wisconsin for some time. Judge Bunn, of Madison, dismissed the case of the Hooe heirs, who claim valuable Wisconsin lands, on the ground of lack of jurisdiction, the claimants, who reside at Washington, not being citizens of any state. Mrs. Emma Schubert while boiling soap near West Granville was overcome by the heat, and, falling into the fire, was burned todeath. John Arthur, of Superior, a young man employed as a packer in the Anchor flour mill, was accidentally drowned while bathing in the bay. According to the figures of County Clerk Zentner, the seven towns and four villages in Milwaukee county last year manufactured $8,653,394 worth of goods. Frank Herms, a workman in the Berlin machine works at Beloit, fell through a hole in the floor into the race under the factory and was drowned. James T. Crangin, an lsettler, was found in the woods at Wolf Creek, dead, with his throat cut. He had been missing for three days and is supposed to have committed suicide. Jack Turner, who was under arrest and being conveyed to Madison by Marshal Oakley, made a daring escape by jumping from the train while his hands were tied behind him. The strike of coal handlers at Superior which had been on since August 5 was declared off by the union and the men went back to work at the old scale. It was estimated that the strike cost $30,000 to the county. County Physician John H. Otto was arrested in Milwaukee on a warrant sworn out by Richard V. Fischer, who charges him with having performed a criminal operation on his daughter, Paulina Fischer, which resulted in her death. Walter S. Maxwell, aged 55, manager of the Aminicon Brown Stone company, was found dead in his bed at the camp near Aminicon station. The fiftieth anniversary of the settlement of the Swiss colony at New Glarus was celebrated. The comptroller of the currency appointed Gilbert G. Thorne temporary receiver of the Keystone national bank, of Superior. One hundred and thirteen of the striking miners at the Badger mine in Florence held a meeting and by a vote of 69 to 44 decided to go to work. Martin Joyce, of Bear Creek, was fatally kicked by a horse. A farmer named Wolf, living near Clinton, has lost nine children by diphtheria within two weeks. Patrick Carr, of Maple Grove, fell from a wagon and was fatally injured. Fire destroyed the business portion of St. Kilian, an isolated village 16 miles north of West Bend. The loss was $25,000 and insurance $8,500. There is talk of building a railroad between Lancaster and Bloomington. The preliminary survey for the Washburn, Bayfield & Iron River railroad was started. It is expected that grading will be commenced by October 1 and the road completed to Iron River this fall. Martin Joyce, of Sandusky, was killed by being thrown from a wagon. John Dazkowski. charged with the murder of his wife last January, was held to the circuit court in Green Bay in the sum of $1,000. Henry Heileman, son of Mrs. G. Heileman, and heir to a large estate, committed suicide in La Crosse. The census of Trempealeau county shows a population of 21,827, a gain of 15 per cent. The state game warden says he has burned 20 miles of fish nets during the last six weeks. John Lauch. a mill hand at Marinette, shot his wife and then killed himself. His wife will recover. Miss C. H. Sylvester, who held the position of first assistant principal of the high school in Boscobel for seventeen years, resigned on account of ill health. During the month of July Rev. W.A. Hunsberger performed eighty marriages in Milwaukee, most of the contracting parties being from Chicago. Justice Hayden is second, with a record of fifty-two marriages during the month. Suit was commenced by the city of Eau Claire against ex-Treasurer Charles Greene and his bondsmen, O. H. Ingram and William A. Rust, to recover Greene's alleged shortage of $50,000.

18. September 27, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, September 27, 1895

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West Superior Failure. WEST SUPERIOR, Wis., Sept. 26.Matt C. Burke filed a voluntary assignment in the circuit court this morning, turning over all his property for the benefit of creditors. The assets are estimated at $3,400 and liabilities at $11,000. Burke is a large contractor here and a very prominent citizen. He is on the bonds of the suspended Keystone National bank, in which he is a stockholder, and feared the city was to hold him to his liability, which he is unable to pay at this time. Burke has large contracts in other cities, notably sewer work at Chicago.

19. October 24, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, October 24, 1895

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STATE WOULD BE NO. 1 In Case of Failed Banks at West Superior. Special to the Globe. WEST SUPERIOR, Wis., Oct. 23.Attorney General Mylrea, of Madison, appeared before the circuit court tonight and asked that the state of Wisconsin be made preferred creditor of the Douglas County bank. It is probable that the petition will be granted in the morning. The assignee of that institution has promised to deliver $5,000 to the state deposit of $23,000 tomorrow night, and the bondsmen will not be prosecuted unless they show a disposition to evade liability. The Keystone National bank, which also suspended, owes the state $16,000, and at the conference this afternoon the bondsmen agreed to raise that amount whenever the demand is made. It probably will not be asked for, as they are reorganizing. All the bondsmen are prominent citizens. Resolutions were adopted at the council meeting last night ordering the city attorney and committee of aldermen to investigate the conditions of the Superior National, the Douglas County and the Bank of South Superior, with a view of starting criminal prosecutions against the officers. The resolutions were introduced for the reason that the city appears to have lost a large amount by the failure of the banks, alleged to be due to reckless and negligent management. Also because it is reported, and appears to be a fact, that a large amount of deposits were loaned to its officers, directors and stockholders and to concerns in which they were interested, and that such persons and concerns were at the time loans were made notoriously insolvent, and because it appears that Superior National bank held back from publication its last report, showing that it was insolvent for a period of twelve days, during which it received all deposits which were offered.

20. November 30, 1895 Semi-Weekly Register Brookings, SD
Article from Semi-Weekly Register, November 30, 1895

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Depositors Get a Slice. WEST SUPERIOR, Wis., Nov. - -The first dividend collected by Receiver Thorne out of the assets of the suspended Keystone National bank is now being paid to the depositors, and a further payment is expected in the near future. The first dividend is 5 per cent.

21. January 30, 1897 The Superior Times Superior, WI
Article from The Superior Times, January 30, 1897

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Notice of Referee's Sale on Foreclosure. STATE OF WISCONSIN, Circuit Court, Douglas County. Commonwealth Ground Rent Company, a corporation, and Moses Williams, Robert H. Gardiner and Harry L. Burrage, as trustees for the bond holders of said Commonwealth Ground Rent Company, Plaintiffs, vs. Keystone Investment Company, a corporation, Keystone Investment Company of Wisconsin, a corporation, Keystone National Bank, a corporation, as trustee, John E. Greeter, Charles H. Hughes, as trustee German American Bank of Winona, a corporation, Keystone National Bank, a corporation, Gilbert G. Thorne, as receiver of said Keystone National Bank. J. B. Ennis, E. S. Lawrence, Win Wylie, as administrator of the estate of Daniel B. Wylie, deceased, Central Land Company, a corporation, and Michael H. Lynch, Defendants NOTICE is hereby given that by virtue of a judgment of foreclosure and sale duly made and entered in the above entitled action, in the court aforesaid, on the 7th day of January, A. D. 1897, I shall, on the 2nd day of March, A. D. 1897, at eleven o'clock in the forenoon of that day, at the westerly front door of the county court house in the city of Superior, in said county of Douglas and state of Wisconsin, offer for sale and sell, at public auction, to the highest bidder for cash, the real estate and mortgaged premises directed by said judgment to be sold, and herein after described, to satisfy the amount of said judgment, to-wit: the sum of twenty two thousand, five hundred and fifty seven and 21-100 dollars ($22,557.21) with interest thereon from the date of of said judgment at the rate of six per centum per annum and the costs and expenses of such sale together with the sum of eight hundred and ninety two and 60-100 dollars ($892.60) paid by the plaintiffs in payment of taxes upon said premises and in redemption of said premises from tax sale, with interest on three hundred and sixty nine and 29-100 dollars ($369.29) thereof from the 12th day of March, A. D. 1896, and on five hundred and twenty three and 31-100 dollars ($523.31) thereof from the 26th day of May A. D. 1896, at the rate of ten per centum per annum as provided by law. The real estate and mortgaged premises so to be sold as aforesaid, as directed by said judgment, are situated in the county of Douglas and state of Wisconsin, and are described as follows, to-wit: Lots numbered twenty five (25), twenty six (26), twenty seven (27) and twenty eight (28) in block numbered forty five (45) in West Superior, First division, according to the plat thereof recorded in the office of the Register of Deeds in and for said Douglas county, said premises and the buildings thereon are known as the Richelieu Hotel property., and will be sold in one parcel. Dated January 14th, 1897. GRAFTON MASON, Referee appointed by said court to make said sale. CATLIN, BUTLER & LYONS, Attorneys for Plaintiffs.

22. August 26, 1899 The Superior Times Superior, WI
Article from The Superior Times, August 26, 1899

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# SUMMONS STATE OF WISCONSIN, Circuit Court-Douglas County. George S. Barnes. Plaintiff, vs. Thomas Gray, Casper Henry Truelsen, Amelia Jordan, William C. Sherwood, Emily Jordan, Huron Land & Loan Company, Northern Land-Loan Company. George H. Walker, Farmers' National Bank of Danville, Ken- tucky; Superior Consolidated Land Company, Hudson Wilson, Henry Brown, C. F. Warner, Gilbert G. Thorne, Receiver of the Keystone National Bank of Superior, Wisconsin; Boudi- not S. Loney and Archibald M. Peckham, co- partners as Loney & Peckham; Alice C. Frith, Solon L. Perrin and Henry S. Butler as Re- ceivers of the Superior Consolidated Land Company, and Fred B. Southern as Receiver of the Huron Land & Loan Company, Defendants. THE State of Wisconsin: To the said defendants: You are hereby summoned to appear within twenty days after service of this summons, ex- clusive of the day of service, and defend the above entitled action in the court aforesaid; and in case of your failure so to do, judgment will be rendered against you according to the demand of the complaint. J. A. MURPHY Plaintiff's Attorney. P. O. Address, West Superior, Douglas County, Wisconsin. (a 26 s 2 9 16 23 30 0 7)