19920. Ryder Brothers (Waterloo, WI)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
private
Start Date
October 1, 1904*
Location
Waterloo, Wisconsin (43.184, -88.988)

Metadata

Model
gpt-5-mini
Short Digest
3dc85ac1c97836ca

Response Measures

None

Description

Articles describe Ryder Bros. Bank suspending in fall 1904, creditors moving for a receiver (appointed Nov 1904), and ensuing bankruptcy proceedings; no mention of a depositor run. There is also a reported suicide of a banker in May 1905 linked to the bank's failure and the disappearance of Frank K. Ryder. I corrected chronology using article dates: committee liquidation report (Oct 19, 1904), receiver appointment reported Nov 23, 1904, and suicide reported May 27, 1905. Bank type inferred as state (no 'National' or 'Trust' in name).

Events (4)

1. October 1, 1904* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank compelled to suspend in fall 1904 amid bankruptcy proceedings and disappearance of partner Frank K. Ryder; financial difficulties/insolvency of the institution indicated.
Newspaper Excerpt
Last fall the bank was compelled to suspend and despondency over resulting financial difficulties is believed to be the cause.
Source
newspapers
2. October 19, 1904 Other
Newspaper Excerpt
The committee which has been examining into the affairs of Ryder Bros. Bank, at Waterloo, has reported to the creditors that the assets will exceed the liabilities by $4000. It was voted to continue the committee and empower it to liquidate the indebtedness as rapidly as possible, without appointing a receiver. Frank Ryder, one of the firm, who disapeared some weeks ago, is still missing.
Source
newspapers
3. November 20, 1904 Receivership
Newspaper Excerpt
In accordance with the instructions given by the creditors of the Ryder Bros. Bank ... the committee accordingly made petition for a receiver, which was granted on Saturday. Judge Bunn appointing the Rev. F. X. Hess to serve in that capacity, Bond for $125,000 was furnished and accepted.
Source
newspapers
4. May 27, 1905 Other
Newspaper Excerpt
James D. Ryder, Jr., member of the banking firm of Ryder Brothers, committed suicide here Friday by shooting. Last fall the bank was compelled to suspend and despondency over resulting financial difficulties is believed to be the cause. The bankruptcy proceedings were followed by the disappearance of Frank K. Ryder, who has not been heard from.
Source
newspapers

Newspaper Articles (3)

Article from Watertown Republican, October 19, 1904

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Article Text

Ryder Bros. to Liquidate. The committee which has been examining into the affairs of Ryder Bros. Bank, at Waterloo, has reported to the creditors that the assets will exceed the liabilities by $4000. It was voted to continue the committee and empower it to liquidate the indebtedness as rapidly as possible, without appointing a receiver. Frank Ryder, one of the firm, who disapeared some weeks ago, is still missing.


Article from Watertown Republican, November 23, 1904

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Article Text

West Cady streets. These false alarms occur eutirely too frequent. If the persons who delight in seeing the department called out without cause were sought out and heavily fined, it would serve them right. Don't for a moment think that this Indian summer will last much longer; the squaw winter is past due, it has been loitering along the way to fool the people. But it will swoop down on you in a hurry and then you will wish you had bought one of those heating stoves or an overcoat. The Central Trading Co. William Wendorf of Costa Rica, S. A., is visiting his father, William Wendorf, Sr., at Emmet. Mr. W. is manager of the shipping department of a large banana plantation. He visited the St. Louis exposition and will return to his duties in about three weeks. He receives the Republican regularly in his distant home. In accordance with the instructions given by the creditors of the Ryder Bros. Bank that whenever it was deemed necessary for the interests of all, they, the committee accordingly made petition for a receiver, which was granted on Saturday. Judge Bunn appointing the Rev. F. X. Hess to serve in that capacity, Bond for $125,000 was furnished and accepted.-Waterloo Democrat. Thursday evening, Mr. and Mrs. Albert Owen, College avenue, were agreeably surprised by a number of their friends. The occasion was a "house-warming," and it is needless to say that the thing was done right. A fine luncheon was served by the lady guests and various forms of social pleasure indulged in. The guests departed at a late hour, with best wishes to Mr. and Mrs. Owen in their new home. Joseph Marsden, a Sussex farmer, made so much money on election bets, that he gave an oyster supper to the entire town. The banquet was spread in the townhall, and the giver of the feast rode to the banquet in a wheelbarrow pushed by a defeated bettor, to the inspiring accompaniment of a brass band, and followed by a torchlight procession, which included every able-bodied man and boy in the surrounding country. Mr. and Mrs. Henry Hose, 1408 Nashotah street, on Sunday celebrated their golden or fifieth wedding anniversary in the home where they have happily spent most of their wedded life. The event was appropriately observed and many friends were present to offer congratulations. Five of the six children which were born to Mr. and Mrs. Hose are living, viz: Henry Hose, Decorah, Iowa; Mrs. Louis Kronitz, Clyman; Fred Hose, Mrs. Ferd. King, Mrs. Mrs. John Harder of Watertown. The friends of Mr. and Mrs. Hose unite with the Republican in wishing them many more anniversaries of their wedding day.


Article from Watertown Republican, May 31, 1905

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Article Text

BANKER ENDS OWN LIFE. James D. Ryder, Former District Attorney of Jefferson County, Despondent Over Failure of Institution. Waterloo, Wis., May 27.-[Special.]James D. Ryder, Jr., member of the banking firm of Ryder Brothers, committed suicide here Friday by shooting. Last fall the bank was compelled to suspend and despondency over resulting financial difficulties is believed to be the cause. The act is believed to have been long premeditated. Mr. Ryder was a prominent attorney here and served two terms as district attorney of Jefferson county. The bankruptcy proceedings were followed by the disappearance of Frank K. Ryder, who has not been heard from. The suicide was a member of the Wisconsin class of 1891, was about 35 years old and married.