22490. Bank of Antigo (Antigo, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 13, 1897
Location
Antigo, Wisconsin (45.140, -89.152)

Metadata

Model
gpt-5-mini
Short Digest
4687e6d0

Response Measures

None

Description

Multiple dispatches report the Bank of Antigo closed by order of its board due to irregularities in the books discovered by the state bank examiner (Nov 13, 1897). An application for a receiver was made; H. G. (also spelled Bergman/Borgman in OCR) Bergman/Borgman was later appointed receiver and gave bonds; papers from Nov 15–16 state the bank would reopen. OCR shows minor name variants (Bergman/Borgman; McDonald/Donald; Buckham/Buckman) but context makes identities clear. No mention of depositor runs or heavy withdrawals; closure appears driven by discovered irregularities and followed by quick reorganization and reopening.

Events (4)

1. November 13, 1897 Receivership
Newspaper Excerpt
An application was made for a receiver. Depositors will be paid in full. H. G. Bergman, president, and B. G. McDonald... pledging themselves to make good all deficits.
Source
newspapers
2. November 13, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by directors after state bank examiner found irregularities in the books/cashier's accounts (alleged bookkeeping irregularities).
Newspaper Excerpt
The Bank of Antigo closed its doors to-day by order of the Board of Directors, on account of irregularities in the books, as found by the bank examiner.
Source
newspapers
3. November 15, 1897 Receivership
Newspaper Excerpt
H. G. Borgman, president of the Bank of Antigo... has been appointed receiver, and will also act as cashier. He has given bonds for $75,000... he says that the bank will open tomorrow for business.
Source
newspapers
4. November 16, 1897 Reopening
Newspaper Excerpt
He says that the bank will open tomorrow for business. ... Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made.
Source
newspapers

Newspaper Articles (18)

Article from Santa Fe Daily New Mexican, November 13, 1897

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Article Text

WISCONSIN BANK CLOSED. Irregularities in Books Cause Board of Directors to Suspend BusinessDepositors will Lose Nothing. Antigo, Wis., Nov. 13.-The Bank of Antigo was closed today by order of the board of directors on account of irregularities in the books found by the bank examiner. Application was made for a receiver. The depositors will be paid in full. B. G. Bergman, president, and B. G. McDonald, vice president, have pledged themselves to make good all deficits.


Article from New-York Tribune, November 14, 1897

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IRREGULARITIES IN THE BOOKS. Antigo, Wis.. Nov. 13. - -The Bank of Antigo closed its doors to-day by order of the Board of Directors, on account of irregularities in the books, as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full. H. G. Bergman, president, and B. G. McDonald, vicepresid. nt, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Sun, November 14, 1897

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WISCONSIN BANK CLOSES. Irregularities Found in the Books or an Institution in Antigo. ANTIGO, Wis., Nov. 13.-The Bank of Antigo closed its doors this morning by order of the Board of Directors, on account of irregularities in the books as found by the bank examiner. An application was made this morning for a receiver. Depositors will be paid in full, for H. G. Bergman, President, and C. B. McDonald, Vice-President, have pledged themselves to make good all deficiencies. They have the contidence of the community. L. E. Buckman, the cashier, has always had a good reputation.


Article from The Indianapolis Journal, November 14, 1897

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Bank of Antigo Closed. ANTIGO, Wis.. Nov. 13.-The Bank of Antigo closed its doors to-day by order of the board of directors on account of irregularities of books as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full, H. G. Bergman, president, B. G. Donald, vice president, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Saint Paul Globe, November 14, 1897

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Bank's Doors Closed. MILWAUKEE, Wis., Nov. 12.-A special to the Journal from Antigo, Wis., says: The Bank of Antigo closed its doors today by order of the board of directors, on account of irregularities in the books, as found by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president. and C. B. McDonald, vice president, pledging the selves to make good all liabilities. The extent of all the irregularities is unknown.


Article from The Seattle Post-Intelligencer, November 14, 1897

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CONDENSED DISPATCHES. The Bank of Antigo, Wisconsin, has closed its doors. An onlinance has been introduced to the St. Louis council to prohibit football The practice of branding all horses be. longing to the army with the letters "U. 8." S will be resumed. Norwegian steatner Peter Jobsen has been sold to John Rosenfelds Co., San Francisco, and will be used as a collier. A jury has been impaneted in Honotutu to try several natives who killed John Milton in August after a drinking bout. \ new placer gold field has been found mhout thirty-eight miles from Kurnelpi. West Australia. Pay is half an ounce to the man. The Mariposa brings $1,500,000 in English sovereigns from Australia, the fourth shipment in four months, with a total aggregive of $10,000,000. The business of the Bay State Beneficiary Association. of Westfield, Mass. has been sold by the receiver to the Mutual Reserve Fund, of New York. President Pierola of Peru is stricken with fever and confined to his bed. The univelling of the Gras statue in Calle has been postponed on this account. Rishop Charles C. McCabe, of the M. E. church, Philadelphia, has sent a mission83 to the Klondike at his own expense, borrowing $400 for the purpose. The official report of irrigation by artesian wells in New South Wales, Australla. shows the work to have been & success and & stimulus to agriculture. The Flesbers' Protective committee of Glassow has sent a circular to ship ownens saying that after December i membeis of the organization will not purchase


Article from The Madison Daily Leader, November 15, 1897

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DEPOSITORS WILL BE PAID. Bank of Antigo Closes on Account of Irregular Bookkeeping. MILWAUKEE, Nov. 15.-A special to The Journal from Antigo, Wis., says: The bank of Antigo closed its doors by order of the board of directors on account of irregularities in the books as found by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president, and C. B. McDonald, vice president, pledging themselves to make good all deficiencies. The extent of all the irregularities is unknown.


Article from The Representative, November 17, 1897

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Article Text

ANOTHER ONE GONE. One by one the roses fall, before the tender zephyrs of McKinley prosperity: ANTIGO, Wis., Nov. 16.-The Bank of Antigo closed its doors today by order of the board of directors on account of irregularities in the books as found by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president. and C. B. McDonald, vice president, pledging themselves to make good all deficiencies. The extent of all the irregularities is unknown.


Article from Watertown Republican, November 17, 1897

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Article Text

BANK WILL SOON REOPEN. Officials of Antigo Institution Claim Everything will be Settled. Antigo, Wis., Nov. 15.-[Special.]-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000,with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs: "The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say what the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2000. The loss has been partly provided for, and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made.


Article from Wood County Reporter, November 18, 1897

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BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowiedge of its liabilities, this being deemed necessary on account of al leged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed, it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from The Manitowoc Pilot, November 18, 1897

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SURROUNDING COUNTRY. Andrew Olson, a hermit, was found dead 10 his but near Durand Od Monday. He was 81 years old. The Bank of Antigo suspended on Sat. urday last. This step was taken after an examination of its affairs by the state bank examiner. It re-opened yesterday. Arthur Schindler of Wakefield, this state, broke through the ICE while skating on Saturday last and was drowned. Two companions tried to save him but were unable to do so. It is now transpires that William Edwards of Sheboygan who was found in a dying condition at a country hotel near South Bend, Ind., was engaged in a duel in which he got his death wound. A ledge of rock in a stone quarry gave way at Ableman, Sauk county, on Tuesday. One man, August Mike was crushed to death and Albert Yoeck was serionely injured and may die, Two ladies, Miss Melville,a teacher, and Miss Tromble, while riding in a carriage on Monday near La Crosse, were struck by a locomotive. The former was killed and the latter seriously injured. Ishpeming defeated the South Side Highs of Milwaukee last Saturday. Appleton downed Oshkosh by a score of 34 to 0. Fond du Lac was beaten by Wayland by 12 to 0. Marinette and Rhioelander played a tie,zero to zero. St. Johns defeated Whitewater 10 to 6, and Two Rivers was slaughtered by Kewaunee by a score of 64 to 0.


Article from Mineral Point Tribune, November 18, 1897

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BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of al leged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar. and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed. it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from Arizona Republican, November 20, 1897

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IRREGULARITIES IN THE BOOKS. Antigo, Wis., Nov. 19.-The Bank of Antigo closed its doors today by order of the board of directors on account of irregularities in the books, as found by the bank examiners. An application was made for a receiver. Deposits will be paid in full, H. G. Bergman, president, and B. G. McDonald, vice-president, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Superior Times, November 20, 1897

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BANK WILL SOON REOPEN. Officials of Antigo Institution Claim Everything will be Settled. Antigo. Wis., Nov. 15.-|Special.]-H. 1. Borgman, president of the Bank of Antigo, which closed its doors on Saturday. has been appointed receiver, and will also act as cashier. He has given bonds for $75,000. with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs: "The bank was closed to get at an exact knowledge of its liabilities this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say what the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2000. The loss has been partly provided for. and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 15.-[Special.]The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed. it is the opinion of the committee that legal steps should be taken to protest the depositors' interests. While expressing their confidence in Receiver Towne. the committee believes that the best results can be secured by the appointment of a new receiver on account of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day. after hearing the report. decided to recommend to the court for Receiver George C. Sutherland of Janesville.


Article from The True Democrat, November 20, 1897

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Bank of Autigo Closes Its Doors. The Bank of Antigo, Wia, closed doors Saturday by order of the of directors on account of irreg ities in the books as found by examiner. An application was for a receiver. Deposits will DOP in full.


Article from Vilas County News, November 22, 1897

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BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed, it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from Eagle River Review, November 25, 1897

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Racine will build a workhouse in which tramps who stray inte the city may be set to breaking stone. The first snow storm of the season has been experienced in the central and southern parts of the State. G. L. Hawley, alias A. C. Curtis, was sentenced to one year in Waupun for forgery at Janesville. Samuel Herskie, who was confined in the county jail at Dartford for alleged larceny, made his escape. The Hotel Mathews at Beaver Dam was sold at auction. It was bought by A. Arndt of Juneau for $8,050. The bell in the Palmyra high school fell through the cupola to the floor beneath, badly damaging the buildings. Diphtheria has again broken out in Edgerton and considerable alarm is felt. Strict quarantine is being enforced. The little daughter of Peter Frent, a farmer living near Marinette, was killed by a train on the Northwestern road. Hog cholera is raging to an alarming extent in the country around Palmyra. A fatal cattle disease has also appeared. The Rock County tax levy this year is $91,639.79. Added to this is the State tax of $73,375.54, making a total of $165,015.33. A barn owned by P. S. Peterson was fired by tramps at Janesville and totally destroyed. The loss will be about $500 and is insured. The hardware store of Milo Phelps & Son at Rio was entered by burglars. About $15 in change and some pocket knives were taken. Miss Naomi Melville, assistant principal in the public schools at Bangor, while out riding in a carriage, was struck by a locomotive and killed. Albert Yoech, aged 30 years, was knocked from a ledge by a falling stone at Ableman and instantly killed. August Milke was severely injured. Frank Zahorik of Manitowoe County fell from a ladder on which he was painting, fracturing his spine and paralyzing the lower part of his body. The Rev. August Brauel, pastor of the Lutheran Church at Fontenoy, has begun suit against D. Berucke, a member of his church, for alleged libel. After three years of unsuccessful business the doors of the new Grand Opera House at Stevens Point were closed and all contracts were canceled. Some sneak thief entered the house of John Mathe, near Stevens Point, during the absence of the family, and stole $15 each State JO setes OM7 pur Aeuou u! The St. Croix County Board has decided to sell the county poor farm and will erect a poorhouse on the asylum farm near New Richmond, to cost $6,000. Samuel H. Skewes was found dead in his bedroom in the Thompson House at Union Grove. The body was found kneeling by the bedside, as if in prayer. James Hardhead, the Indian who is charged with killing James Waubegon in Forest County, has been captured and put in jail at Crandon after a four weeks' search. Members of the Trades and Labor Council of Racine sent resolutions to the County Board asking it to make eight hours a day's work for all county work, and fix wages at $1.50 a day for labor for eight hours. The Eastern Minnesota Railroad is building some immense flour sheds in Superior. One structure will be 160 feet wide, 1,500 feet long and two stories high, containing some 300,000 square feet of storage space. H. G. Bergman, president of the Bank of Antigo, which closed its doors the other day, has been appointed receiver, and will also act as cashier. The officers say that no one will lose a dollar by the closing of the bank. Thirty-five tons of Rock river clam shells were shipped to the sea coast from Janesville, en route for Amsterdam, Holland. Harry Daverkosen is the shipper and the shells are consigned to pearl button manufacturers. The body of Walter Mitchell, 26 years old. was brought to Rhinelander from one of Langley & Alderson's camps. He had been struck by a falling tree which crushed his skull to a pulp. The deceased came from Kaukauna. The heirs of Judge Taylor at Sheboygan are protesting against an attempt to collect $350 assessed against some property which in a readjustment of city surveys was left outside the city plat and has been known as "no man's land." Oneida County has secured title to about 20,000 acres of land by perfecting its title by quit-claim and foreclosure proceedings, and the County Board has authorized its disposition to settlers who will agree to improve the land. The largest coal train ever leaving Sheboygan moved out of the C. Reiss Coal Co.'s yard recently. It was pulled by two


Article from Rock Island Argus, December 22, 1897

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# ABBREVIATED TELEGRAMS. J. G. Lindon, of Clear Lake, Ia., has iost $1,500 by the ravages of dogs among his sheep. Frederick Muntz was crushed to death in the machinery of the pulp mill at Niles, Mich. Peter Schnell, a grain dealer of Jasper, Ind., has left for Mexico. Seven men are on his bond for $40,000. Robert F. Ballantine, of Newark, N. J,. gave his wife a $40,000 pearl necklace on the fortieth anniversary of their wedding. The estate of the late Charles F. Crocker, of San Francisco, is reported at $7,032,129. Of this amount $5,658,154 is personal. The bank of Antigo, Wis., has been relieved of a receiver by an order from the circuit court. All depositors will be paid in full. A movement is on foot to establish a hospital at Madison, Wis., for the care of students of the state university who may be taken ill. The wife of Prince Hohenlohe, the German imperial chancellor, died at Berlin yesterday morning of inflammation of the lungs. John Sweeney, aged 23 years, was caught in shafting at Dayton, O., and hurled about until both of his legs were torn off below the knee. At the burning of the Golden Rule store, at Danville, Ills., Mollie Reid, a cloak trimmer, was burned to death. The property loss was $110,000. Nick Zimmerman and Matt Heger, of Jefferson, Wis., charged with stealing poultry, were sentenced to six months in the county jail at that place. Turks at Smyrna fired on the U. S. S. Bancroft Dec. 4 and upon protest. by Minister Angell at Constantinople the porte apologized and punished the offending officials. George Thurston shot and dangerously wounded his mistress, Lizzie Parker, at Chicago, and then he pressed the muzzle of the revolver to his own forehead and pulled the trigger. The chief of the Hamburg fire brigade, In the course of a report on the recent fire in the Cripplegate district of London, condemns the London fire brigade as "inadequate and antiquated." While piloting a heavy freight train up the Merchants bridge incline at St. Louis, an engine of the Terminal Railroad association jumped the track and plunged to the ground. Fireman Pensinger was instantly killed. An American negro recently died in an Australian mining settlement. He was a man much esteemed by the mates, who recorded their feelings in these few words, burnt on a sheet of bark: "In memory of Black Sam, name unknown, a white man all over." Notices have been posted at the China, Pembroke and Webster cotton mills, makers of print cloths, announcing a reduction of wages of about 10 per cent. on Jan. 1.