First National Bank - Wausau, WI

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2820
Charter Number: 2820
Start Date: January 1, 1893*
Location: Wausau, Wisconsin (44.959, -89.630)

Metadata

Model: gpt-5-mini
Short Digest: 6cb7e2f64fb02a46

Response Measures

Accommodated withdrawals

Description

The 1900 newspaper article recounts a past event: during the 1893 panic the First National Bank of Wausau faced heavy withdrawals (about half of $800,000) but stood firm and did not suspend. I therefore record a historical 1893 run; the article is a retrospective account rather than a contemporaneous report.

Events (3)

1. November 13, 1882 Chartered

Source: historical_nic

2. January 1, 1893* Run

Cause: Macro News
Cause Details: Nationwide panic of 1893 with many bank failures prompted heavy withdrawals from the bank.
Measures: Bank remained open and stood firm (did not suspend payments)
Newspaper Excerpt: in 1893 when the panie came his bank, under his direction, with $800,000 deposits, stood firm as a rock, and came out stronger than ever, though nearly one-half of the amount was withdrawn by depositors
Source: newspapers

3. April 26, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 8, 1900 Wausau Pilot Wausau, WI

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Article Text

D. L. Plumer For Delegate at Large. Two weeks ago the PILOT advocate that D. L. Plumer, of this city, be give a place on the National Democrati Committee. Since that time and previ ously, it seems, many of his friends i Wausau have urged the question o making Mr. Plumer delegate at larg to the Democratic Convention at Kan sas City. As the PILOT is of the opinio that nothing which the democrati party has to bestow is any too good fo Mr. Plumer (who has been a leader i the democratic party since he was abl to cast his first vote) it heartily endorse this move. The Milwaukee News, o May 3d, published the following article from the pen of a writer in this city which is to the point At present, however, chief interes among Democrats here is centered i the state convention which IS to elec delegates to the national convention a Kansas City and which it is expected will foreshadow the attitude of Wis consin relative to Mr. Bryan and th Chicago platform. The democrats o Wausau and Marathon county are warm admirers of Mr. Bryan and his platform and they will certainly b represented at the state convention b: a delegation that will make no uncer tain sound on that proposition. In fact the Democrats of Wausa and Marathon county have a candi date, for one of the delegates-at-larg to be sent to Kansas City, whose well known attitude on the principles of th Chicago platform and what Mr. Brya stands for is an absolute earnest of th way Democrats in this vicinity wil align themselves when the convention meets in Milwaukee in June. The mention that has been made o the Hon. D. L. Plumer's name of au sau as a candidate for delegates-at large in various ways has been viewe by Democrats in this northern section and especially of Marathon count with much satisfaction. His home friends have urged him to permit the use of his name in that connection and Mr. Plumer has made known to them that he would be pleased to ac cept the honor if conferred upon hin by the convention. This was all tha was needed to make the Democrat here a unit in urging his candidacy and it is being done with much earn estness. Mr. Plumer is one of the war horse of Democracy in Wisconsin, and in di recting attention to this fact hi friends here cite the fact that for ove forty years that he has resided here h has been a faithful, unselfish worke in and supporter of the party. The say he has never sought anything for himself but has always been a ready supporter of others. During that period of time he has assisted every national state and eongressional ticket and fo twenty years past the Democrats o Marathon county have looked to hin as a mainstay. He has, however, ac cepted local office, having served five terms as mayor of Wausau and on term in the assemblv, which position he filled with great acceptability Mr. Plumer is a very well-to-do mai and has a standing of the first rank as citizen and business man. For many years be has been and is now presiden of the First National bank of Wausau He is one of the national bankers O the country, who is a thorough bimetal list, and who is just and unselfish enough as a banker to urge financia legislation in the interest of all the people. He is a level-headed banker, as i evidenced by the fact that in 1893 when the panie came his bank, under his di rection, with $800,000 deposits, stood firm as a rock, and came out stronge than ever, though nearly one-half 0 the amount was withdrawn by deposi tors as a result of the distrust created by banks failing all over the country Ever since the fight began for the re monetization of silver Mr. Plumer has earnestly advocated it. He harmonize strongly with the views of Mr. Bryar in the leading topics which are sure to form the basis for the coming campaign -finance, trusts, monopolies, tariff and imperialism, and in common with al Democrats of Marathon county he look to William J. Bryan as the logica leader of the party He regards the principles of government as taught by Jefferson to be the only correct ones for a free people, and in these con victions his Democracy is founded. Of course there is local pride in his selection, but there is not a Democra or Republican for that matterin Mara thon county who would not rise up and say that the man is worthy in every way of any honor that he could be per suaded to accept at the hands of Wis consin Democrats. It is the purpose of his friends to urge his candidacy earnestly, and there is every reason, they say, to believe that not only this congressional dis trict, but the entire upper northern portion of the state will go to the Mil waukee convention urging his selection It is regarded here that his selection would be an offset, territorially speak ing, to the Ninth district candidacy O Isaac Stephenson on the Republicar side and that it would not interfer with the candidacies of any one who might seek the same recognition from congressional districts near the eastern portion of the state. The general feeling here is very good from a Democratic point of view Democrats generally feel much encour aged and are looking forward to the contest in the nation with renewed confidence. With Mr. Bryan for leader there is every hope the resul in the nation will be very differen from that of 1896, when Mr. Bryar was less known in his personality and when the methods used to attain the result then were not so much a matter of general public execration.