Bronson, Draper & Company (Mazomanie, WI)

Episode Information

Episode UID
2111885291098
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
211188529 hash
Start Date
June 25, 1891
Location
Mazomanie, Wisconsin (43.177, -89.795)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2353ab71907f465f

Response Measures

None

Events (2)

1. June 25, 1891 Receivership
Newspaper Excerpt
Bronson, Draper & Co., bankers at Mazomanie, have assigned in favor of their creditors.
Source
newspapers
2. June 25, 1891 Suspension
Cause
Local Shock
Cause Details
Heavy drop in flour prices caused the Mazomanie Milling Company to fail; the private bank was heavily exposed through loans/ownership.
Newspaper Excerpt
the Mazomanie Milling Company and Bronson, Draper & Co., bankers, suspended this morning.
Source
newspapers

Newspaper Articles (6)

Article from New-York Tribune, June 26, 1891

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Article Text

BUSINESS TROUBLES EAST AND WEST. Boston, June 25.-Emil Marqueze & Co., I ather merchants of No. 102 Pearl-st., with a brand house in New-Orleans, have assigned to E. L. Tead, resident of the National Exchange Bank. The liabilities are said to be $300,000 to $400,000. William A. Knowlton, one of the assignees of Alley Bros. & Place, said today that there was no doubt that the firm would pay 100 cents to the dollar. Milwaukee, June 25.-A dispatch to "The Evening Wisconsin" from Mazomanie, Wis., says the Mazomante Milling Company and Bronson, Draper & Co., bankers, both of Mazomanle, suspended this morning. The milling firm is composed of Bronson, Wendt and Watterson. The assignment is caused by the heavy drop in flour. The bank is a private concern and is directly interested in the milling company. The liabilities are estimated at $20,000 and the assets will more than meet them.


Article from The Morning Call, June 26, 1891

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Article Text

SUSPENDED FIRMS. Assignment of a Lumber Company and a Banking Firm. BOSTON, June 25.-The wholesale boot and shoe firm of Emile Marquese & Co. of New Orleans, whose creditors are largely in this section, has made an assignment to Edward L. Tead, President of the National Exchange Bank of this city. The firm of Marquese & Varney of Boston are the selling agents of the New Orleans house, but it is positively stated that the New Orlean's failure does not involve the Boston concern. The liabilities of Emile Marquese & Co. aggregate about $460,000, but these figures include some $300,000 of long standing accounts, in regard to the validity of which some question my be raised. MAZOMANIE (Wis.), June 25.-The Mazomanie Milling Company and Bronson, Draper & Co., bankers, suspended this morning. The milling firm is composed of Bronson, Wesdt and Watterson. Watterson is a wealthy business man of San Francisco. The assignment is caused by a heavy drop in flour, the milling firm having forty carloads. The bank is a private concern and directly interested in the milling company. The liabilities are estimated at $20,000. The assets will more than equal these. NEW York, June 25. - George W. Stetson & Co., pig iron commission merchants, failed to-day, and the general partners, William W. Van Voorhies and Herman P. Schuyler, made a general assignment without preference. The capital is $84,000.


Article from Los Angeles Herald, June 26, 1891

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Article Text

A Wisconsin Failure. MAZOMANIE, Wis., June 25.-The Mazomanie Milling company and Bronson, Draper & Co., bankers, suspended this morning. The milling firm was composed of Bronson, West and Watterson. Watterson is a wealthy business man of San Francisco. The assignment was caused by a heavy drop in flour, the milling firm having sent forty carloads to New York. The bank is a private concern and directly interested in the milling company. The liabilities are estimated at $20,000. The assets more man equal them.


Article from St. Paul Daily Globe, June 26, 1891

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Article Text

THE DROP IN FLOUR. Suspension of a Wisconsin Firm Caused Thereby. MAZOMANIE, Wis., June 25.-The Mazomanie Milling company and Bronson, Draper & Co., bankers, both of Mazomanie, suspended this morning. The milling firm is composed of Bronson, Wendt & Watterson. Watterson is a wealthy business man of San Francisco. The assignment is caused by the heavy drop in flour, the milling firm having forty carloads in New York. The bank is a private concern and is directly interested in the milling company. The liabilities are estimated at $20,000. The assets will more than meet them.


Article from The Weekly Tribune, June 27, 1891

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Article Text

Business Failures. MAZOMINIE, Wis., June 25.-The Mazominie Milling company and Bronson, Draper & Co., bankers. both of Mazominie. suspended this morning. The mill ing firm is composed of Bronson. Wendt and Watterson. Watterson is a wealthy business man of San Francisco. The assignment is caused by a heavy drop in flour. the milling firm having forty car loads in New York. The bank is a private concern and is directly interested in the milling company. The liabilities are estimated at $20,000 and the assets will more than meet them.


Article from Iowa County Democrat, September 4, 1891

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Article Text

ITEMS OF LOCAL INTEREST. The 1891 fair of the S. W. Wis. I. A. is being largely attended and is a success. W.H. Peck and Frank Dyer, of Madison, are here greeting old-time friends The Democrat's special edition will be delivered to city subscribers on Friday morning. S.J. Wright and daughter, came over Wednesday from Milwaukee to attend the fair. The eleventh annual Industrial exposition will open in Milwaukee on Sept. I, lasting until Oct. 17.] Everybody is invited to attend the second Demorest Silver Medal contest on Wednesday evening, Sept. 9. The corner stone of Baraboo's Masonic Temple was laid with appropiate ceremonies on Thursday, August 27. The annual Harvest Home Services will be held at Trinity Church, on next Sunday morning, at 10:30 o'clock. The Sons of Veterans have elected Barlow S. Weeks, of New York, commander-in-chief. The next national encampment will be held at Helena, Mt. The second Demorest Medal contest will take place in the city hall on Wednesday, Sept. 9th, commenctng at 7:30 p. m. Admission 10 cents. Arrangements have been made to hold a re-union of the 44th Wisconsin Volunteer regiment in connection with the Dane county fair, at Madison, Sept. 9 and 10. The request from all parts of the state for trout fry is greater than the State Fish hatchery can attend to. During the season 7,000,000 trout fry have been sent out. C. Kirst, of the town of Mineral Point, will send three of his sons to our city schools during the coming year. He says that he believes in standing by the schools and giving his children a good education. The people of Crawford county are rejoicing over good crops. The Courier says: A number of farmers report to us the best wheat and oat yield they have had before in years, while the corn crop is equally promising. Mr. and Mrs. John McNeill and children, of Hampton, Iowa, are visiting relatives and friends in this vicinity. Mr. McNeill conducted a large farm near Hampton for a number of years past, from which he retired in order to give his children good school advantages. The family will remain here for a few weeks. The work of wiring the stores and other business places of Mineral Point for the electric lights is being carrried rapidly forward and will perhaps be completed this week. The poles and wires for street lights will then be put in, and it is more than probable that the electric plant will be in full operation about Oct. I. Bronson, Draper & Co., bankers at Mazomanie, have assigned in favor of their creditors. The assets are $47,000 and the liabilities are about $30,000. The bank heavily loaned money to the Mazomanie Mill company, which suffered great losses in wheat investments. Four creditors levied attachment's on the bank's proper... Saturdo and later.