45b7a492Full suspension
Other: Receiver appointed and later reorganization planned; depositors converted to stock and paid under terms.
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Run on a Bank. Eau Claire, Wis., Sept. 5.-A petition was filed last night in Judge Bailey's court, to have the Jackson County Bank of Black River Falls placed in the hands of Samuel Jones as receiver, and an order to that effect was made. There has been a run on the bank the past few days. The bank will probably pay the depositors in full
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State Bank Closed. EAU CLAIRE, WIS., September 5.-A petition was filed last night in Judge Bailey's Court to have the Jackson County Bank of Black-River Falls placed in the hands of Samuel Jones as receiver, and an order to that effect was made. There has been a run on the bank the past few days. The bank will probably pay the depositors in full.
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A BANK GOES BY THE BOARD. A Run on It Caused the Trouble-Depositors will Be Paid. Eauclaire, Wis., Sept. 5.-A petition was filed last night in Judge Bailey's court to have the Jackson County Bank of Black River Falls placed in the hands of Samuel Jones as receiver, and an order to that effect was made There has been a run on the bank the past few days. The bank will probably pay the depositors in full.
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Jackson County Bank Closed. BLACK RIVER FALLS, Wis., Sept. 5.-Judge Hailey ordered the Jackson County bank closed today on petition of Thomas M. Mills, a stockholder, who alleges the bank owes depositors on demand $45,000 and is insolvent. A receiver was appointed. The First National bank prepared for a run, but there was none.
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Ordered a Bank Closed. BLACK RIVER FALLS, WIS., Sept 5.Judge Bailey ordered the Jackson County Bank closed to-day on petition of Thomas B. Mills, a stockholder, who alleged that the bank owes depositors on demand $45,000 and is insolvent. A receiver was appointed. The First National Bank prepared for a run, but there was none.
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Wisconsin Bank Closed. BLACK RIVER FALLS, Wis., Sept. 5.The Jackson County bank closed its doors today in obedience to an order of Judge Bailey. S. P. Jones, of this city, was appointed receiver. The receiver has made no statement as to resources and liabilities.
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Wisconsin Bank Closed. Black River Falls, Wis., Sept. 7.-The Jackson County bank of this city was closed Saturday on the petition of Mr. Thomas B. Mills one of the stockholders in the institution, by order of Judge Bailey. The petitioner alleges that the bank owes depositors on demand to exceed $45,000, and is insolvent. S. P. Jones of this city is receiver, his bond being $50,000. Heavy withdrawals of funds is given as the reason for the closing.
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An informal but hearty reception was given Senator John M. Palmer on his return home at Springfield, 111., from Indianapolis, where he was nominated for the presidency by the "sound money" democrats. It was stated on good authority at Chicago that the affairs of the Diamond Match and New York Biscuit companies, in so far as the recent speculative complications are concerned, were in a fair way to be settled. Dr. Thomas Gallagher, the IrishAmerican who was released recently after an incarceration for 13 years in an English prison, has arrived in New York. In an encounter at Kilbourne, Ark., between Dave and Joseph McKee, father and son, and J. C. Wilson, all of West Carroll parish, Ky., both the McKees were killed and Wilson was mortally wounded. W. Dallack & Co., diamond dealers of New York, have made an assignment with liabilities of $125,000. R. G. Dun & Co., in their weekly review of trade, predict a revival of business in trade circles owing to the continued importation of gold. George W. Roberts was hanged at Folsom prison, Sacramento, Cal., for cutting the throat of Walter Freeman during a barroom quarrel on April last. Rev. Thomas F. Reeser and John D. Love were drowned in the Juniata river while bathing near Hollidaysburg, Pa. The exchanges at the leading clearing houses in the United States during the week ended on the 4th aggregated $827,011,134. against $748,084,748 the previous week. The increase compared with the corresponding week in 1895 is 7.8. The percentages of the baseball clubs in the national league for the week ended on the 6th were as follows: Baltimore, .694; Cincinnati, .623; Cleveland, .614; Boston, 564; Chicago, .556; Pittsburgh, .545; Philadelphia, .487; New York, .474; Brooklyn, .465; Washington, .411; St. Louis, .304; Louisville, 261. Practically every department of the Cambria iron works at Johnstown, Pa., shut down for an indefinite period, throwing 2,000 men out of employment. Dorman Musgrove and C. A. Cingmars were lynched at Glencoe, Minn., for the killing on June 25 of Sheriff Joseph Rogers while he was attempting to arrest them for assaulting a farmer. A steam yacht containing 12 people was swamped in the Niagara river near Buffalo, N.Y., and William G. Farthing, aged 45, and Miss Lou Gilbert, aged 36, were drowned. H. Dumois & Co., of New York, among the largest importers of West India fruit in America, failed for $253,000. The Jackson county bank, the oldest financial institution in Black River Falls, Wis., closed its doors with liabilities of $50,000. The opera house at Benton Harbor. Mich., was burned, and falling walls killed 11 firemen and injured several others. The property loss is $65,000. In a fight in Bell county, Ky., between moonshiners over the division of money made by selling liquor, three men and a boy were killed. The Harvey A. Meyer carriage works in Syracuse, N. Y., went into the hands of a receiver with liabilities of $320,000. During a thunderstorm James Martz and daughter were struck by lightning near Shark's Ferry, Pa., and instantly killed. An excursion train was wrecked at Taswell, Ind., and some 50 persons were injured, three fatally. At South Beach, S. I., fire destroyed six summer hotels. An attempt was made to hold up the Overland express eight miles west of Sacramento, Cal., but the engineer killed one of the robbers and then started the train. By the explosion of a boiler near Edwardsville, Ind., Elsie Black, George Black and Dan Turner were killed. In Bastrop county, Tex., many fields of cotton and a large amount of timber were destroyed by forest fires. A cyclone near Caldwell, Kan., did great damage to farm property. Buildings were blown down and other property was damaged by a tornado near Chicopee, Kan. PERSONAL AND POLITICAL. The democratic, populist and silver party state convention in session at Milwaukee adopted resolutions substantially identical in the indorsement of free silver and W. J. Bryan. W. C. Silverthorne was the nominee of all
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BADGER BANK CLOSED. Black River Falls Concern Goes to the Wall. Black River Falls, Wis., Sept. 6.The Jackson County bank. the oldest financial institution in this city, has closed its loor in obedience to a card order which grew out of a petition signed by Thomas B. Mills, a stockholder and former president, asking the appointment of a receiver. The petitioner alleges that the bank owes depositors due on demand $45,000. and that it is insolvent. S. P. Jones was appointed receiver. The receiver has made no statement of assets and liabilites. and a deep feeling of unrest is manifested among the depositors.
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Closed Its Doors. The Jackson county bank at Black River Falls was closed on the petition of Thomas B. Mills, one of the stockholders, by order of Judge Bailey. The petitioner alleges that the bank owes depositors on demand to exceed $45,000 and is insolvent. S.P. Jones is receiver; bond, $50,000. The semi-annual statement on the first Monday in July showed the bank to owe depositors $50,644.61.
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Closed Its Doors, The Jackson county bank at Black River Falls was closed on the petition of Thomas B. Mills, one of the stockholders, by order of Judge Bailey. The pe. titioner alleges that the bank owes depositors on demand to exceed $45,000 and is insolvent. S.P. Jones is receiver; bond, $50,000. The semi-annual statement on the first Monday in July showed the bank to owe depositors $50,644.61.
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MAY RESUME BUSINESS. Plan to Reorganize the Jackson County Bank. Black River Falls, Wis., Nov. 18.[Special.]-It is reported on good authority that the Jackson County bank, which went into the hands of a receiver early in September last, will resume business at no distant day, under a reorganization, wherein the present depositors will become stockholders to the amount of $16,900, the original stockholders to surrender one-half of the old capital stock of $26,200. Thus the capital stock of the reorganization will be $30,000. The bank at the time of the failure owed depositors due on demand $40,000 with ample assets to meet the liabilities had times been easy, but slow paper and poor business was more than the institution could stand, and through one of the stockholders application was made for the appointment of a receiver. It is alleged today that fifty of the leading depositors have signed an agreement looking to a reorganization on the above plan. John H. Mills will likely be the cashier of the new institution. He was at one time assistant cashier of the old Jackson County bank.
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EXAMINER KIDD'S REPORT. Some Radical Changes in the State Banking Laws Are Advocated. Madison, Wis., Dec. 26.-The semiannual report of State Bank Examiner E. I. Kidd is complete. It shows the financial condition of all state and private banks on November 21, 1896. The total number of banks in operation on the date named was 240. Of this number 130 were state banks, 109 private banks and one savings bank. The aggregate authorized capital stock of the state banks reporting was $6,961.550 and the reported capitalization of private banks was $1,115,203.41. The total was $41,532,711.22 of which $9.256,742.43 represented money of all kinds, and $32,275,968.79 represented loans and discounts, real estate and all other assets. Of their liabilities $8.076,753.41 represented capital stock, $2,927,243.81; surplus and undivided profits, $29,311,402.73 deposits and $1,187,311.27 rediscounts and bills payable. As compared with the semi-annual report made June 8 of the present year, there is shown a total increase of four state and two private banks, an increase in capital stock and surplus representing $229,183.03, a decrease in loans and discounts of $2,712,952.74. and a decrease in deposits of $2,525,509.88. There is also shown an aggregate decrease of resources and liabilities of $2,462,129.71 and a total cash reserve of $9,256,742.43. showing the cash réserve to be 31.58 per cent. of deposits. The new banks organized. with name, location and capitalization are as follows: State Banks-The State bank, Fennimore, $35,000; the State bank, Elkhorn, $25,000; State Bank of Horicon, Horicon, $25,000: Citizens' State bank, Sheboygan, $50,000. Private Banks-Barneveld bank, Barneveld. $10,000; Bank of Cadot, Cadot, $7500: Island City bank, Cumberland, $15,000; Bank of Manawa, Manawa, $10,000. The following banks have gone into voluntary liquidation: International bank. West Superior: German American bank, Port Washington; Baraboo Savings bank, Baraboo: Bank of Mosinee, Mosinee; Exchange bank. Waupaca; Sauk City bank. Sauk City; John H. Jacques. Port Washington; W. H. Knapp & Co., Albany; P. Daane & Son, Oostburg. The total number of banks which have suspended during the past year is four, of which two were state, and two private banks, as follows: State Banks-Jackson County bonk. Black River Falls; Shullsburg bank, Shullsburg. PrivateBanks-German-American bank, Portage; John Lienlokken, banker, La Crosse. Mr. Kidd makes a lengthy report regarding the banking laws. etc., which, he says, are very loose in Wisconsin. He suggests many radical changes in regard to the management of banks and advocates the encouragement of state banks in small towns instead of private depositories. Under the present laws, he says, the state examiner has little power and in case of failures he can only investigate the same and report to the governor. He says the laws should be more stringent in permitting officers of banks to borrow money from the institutions.
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EXAMINER KIDD'S REPORT. Some Radical Changes in the State Banking Laws Are Advocated. Madison, Wis., Dec. 26.-The semiannual report of State Bank Examiner E. I. Kidd is complete. It shows the financial condition of all state and private banks on November 21, 1896. The total number of banks in operation on the date named was 240. Of this number 130 were state banks, 109 private banks and one savings bank. The aggregate authorized capital stock of the state banks reporting was $6,961.550 and the reported capitalization of private banks was $1,115,203.41. The total was $41,532,711.22 of which $9.256,742.43 represented money of all kinds, and $32,275,968.79 represented loans and discounts, real estate and all other assets. Of their liabilities $8.076,753.41 represented capital stock. $2,927.243.81: surplus and undivided profits. $29,311,402.73 deposits and $1,187,311.27 rediscounts and bills payable. As compared with the semi-annual report made June 8 of the present year, there is shown a total increase of four state and two private banks, an increase in capital stock and surplus representing $229,183.03, a decrease in loans and discounts of $2,712,952.74. and a decrease in deposits of $2,525,509.88. There is also shown an aggregate decrease of resources and liabilities of $2,462,129.71 and a total cash reserve of $9,256,742.43, showing the cash reserve to be 31.58 per cent. of deposits. The new banks organized, with name, location and capitalization are as follows: State Banks-The State bank, Fennimore. $35,000; the State bank, Elkhorn. $25,000: State Bank of Horicon, Horicon, $25,000: Citizens' State bank, Sheboygan. $50,000. Private Banks-Barneveld bank, Barneveld. $10,000; Bank of Cadot, Cadot, $7500: Island City bank, Cumberland, $15,000; Bank of Manawa, Manawa, $10,000. The following banks have gone into voluntary liquidation: International bank, West Superior: German American bank, Port Washington: Baraboo Savings bank, Baraboo: Bank of Mosinee, Mosinee; Exchange bank, Waupaca; Sauk City bank. Sauk City; John H. Jacques. Port Washington: W. H. Knapp & Co., Albany; P. Daane & Son. Oostburg. The total number of banks which have suspended during the past year is four, of which two were state, and two private banks. as follows: State Banks-Jackson County bonk. Black River Falls; Shullsburg bank, Shullsburg. Private Banks-German-American bank. Portage; John Lienlokken, banker, La Crosse. Mr. Kidd makes a lengthy report regarding the banking laws. etc., which, he says, are very loose in Wisconsin. He suggests many radical changes in regard to the management of banks and advocates the encouragement of state banks in small towns instead of private depositories. Under the present laws, he says, the state examiner has little power and in case of failures he can only investigate the same and report to the governor. He says the laws should be more stringent in permitting officers of banks to borrow
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EFFORT TO REORGANIZE. Jackson County Bank Officials and Depositors Meet. Black River Falls, Wis., Jan. 13.[Special.]-The reorganization of the Jackson county bank, which closed its doors early in September, has not been effected up to the present time, though several attempts have been made on the part of the old official to place the institution on its feet. At a recent meeting of the stockholders and depositors a committee was appointed to meet with the stockholders to formulate some plan of reorganization. The receivers' report shows assets in the neighborhood of $80,000 and liabilities about $45,000. The First National bank of this city held its annual meeting today, electing the following officers: W. T. Murray, president; H. A. Bright, vice-president; W. H. Richards, cashier; H. H. Richards, assistant cashier: directors, W. T. Murray, H. A. Bright, J. W. Cole, J. A. Bailey, H. B. Mills, Charles Sechler, A. S. Trow, E. A. Miller and H. J. Ormsby.
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THE 110m Keene; chapiain, Rt. Rev. u. JO dousiq The News Condensed. Mrs. Ann Newberry, one of the pioneer residents of Marinette, died at the age of 83 years. Her death was the result of a fall. Mrs. August Otto, who resided two miles south of Cambridge, committed suicide by taking paris green. No cause is assigned for the deed. She leaves a husband and a family of grownchildren. dn Frank Balch, an ex-alderman of Durand City, was under arrest charged with attempted criminal assault upon the 12-year-old daughter of George Massee. William Masterson, of Oostburg, was charge u uo 10 !!!! u! paced ПЛАД uo assant B making Jo Itam McCaffary, living at Hoard. Judge Burnell sentenced Banker T. C. Shove, of Manitowoc, who was conany B Aug 01 becking illegal jo wicted of $2,000 and the costs, or serve four months in jail. He went to jail. It developed that Michael Pleva, the Hungarian tanner who died under peculiar circumstances in Milwaukee, was the vietim of a murderer. Letters received by Milwaukee grain dealers from several counties bring the report that farmers have seen the army worm crawling along fences about grain fields. Albert Eisenach, an old resident of Neenah, was taken to the poorhouse. Eisenach a few years ago was a prominent business man, but poor management caused his downfall. The jury at Oshkosh in the breach of promise case of Harriet Kellett against Fred H. Robie, returned a verdiet for the plaintiff and assessed the damages at $3,500. Mrs. Mary Lampmann, 72 years old, was fatally burned in Sheboygan by the explosion of a gasoline stove. Mrs. Pleva has been held by a coroner's jury at Kenosha for the murder of her husband, Michael Pleva. Dr. H. P. Clute, of Marinette, received his commission as state veterinarian. Corydon P. Northrop, aged 77 years, died in Menasha. He built the first house in the city. He leaves a widow and six grown children. Louis Muehlbauer was sentenced to 18 IIII our in days 01 for beating his wife. Carl Koch and John Planner, grocery dealers at Menasha, entered a plea of guilty to selling adulterated vinegar, and were fined ten dollars and costs each. A human skele ton was found by boys while fishing on Lumber island. It was partly buried in the sand. The bones are thought to be the remains of a peddler who disappeared from La ode year e Crosse John Schleyer. prominent shoe dealer in Fond du Lac, was found in the Luco creek, and died soon after from exposure. The Pittsville school board has decided to place the city schools on a graded basis. Dr. Jeremiah B. Selby, one of the oldest physicians in Milwaukee, fell down an elevator shaft in the Plankington packing house and died half an hour after the accident. Bishop Grafton. of the Episcopal church. confirmed a class at Oneida of 100 Indians, including children, men and women. Mrs. Elsie Neumiller, of Milwaukee, crazed by domestic trouble. gave her eight-year-old son carbolic acid and then took a dose herself. William Howard, a known farm er of the town of Sussex, committed suicide by cutting his throat from ear to ear. Rev. John Mick. a Chicago Lutheran elergyman. committed suicide by hanging himself at the Wauwautosa sanitarium. The post office department has acted favorably on the request of citizens of Bushman, Marathon county, for the establishment of a post office at that place. Fire at Neenah damaged the building of Adolph Pfeiffer to the extent of $2. 000. It was occupied by William Mah: as a saloon and his loss was $1,000. Gov. Scofield has appointed as a forestry commission George B. Burrows, of Madison: Ernst Bruncken, of Milwankee, and H. C. Putnam. of Eau Claire. The millinery store of Miss Elizabeth Johnson was closed at Appleton on foreclosure of a chattel mortgage of *002$ At a meeting in Black River Falls of the depositors of the Jackson county bank. which went into the hands of a receiver September 4, 1896, it was voted to organize a new bank. Menasha's new and handsome $16,000 bridge over the Fox river is completed. Because his "best girl" had smiled upon another man, Charles Kingsley made two attempts to commit suicide at Janesville, but failed. J. Herman and J. Cirkel, employed at the Cirkel Manufacturing company's factory in Thorpe, both lost three fingers of their left hands while operating E Judge Parish has granted a new trial to John W. Fertig, found guilty of the
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Wisconsin Bank Cashier Arrested. BLACK RIVER FALLS, Wis., Aug. 16.William R. O'Hearn, cashier of the Jackson County bank, which was placed in the hands of a receiver Sept. 4, 1896, upon application of one of its directors, was arrested during the day by Sheriff Buckley upon a warrant sworn out by E. McEwen, a depositor, upon the charge of receiving deposits when he knew the bank was insolvent. Mr. O'Hearn was released on $5,000 bail.
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STATE NEWS. A gruesome story comesfrom the Price county back- woods district of a littlegirl 11 years old who was devoured by wolves She was at school, but did not return home in the evening, when her parents a search for her. spent in entire began night, company They with the half the dozen who lived in to following people thepathway within the littlerchool trace call. of the but discovered no day a child. building The following logging from road the was followed some distance main road, and here the fate of the child was unsertained. She had apparently been attacked by two or three hungry wolves, torn to pieces and devoured. Nothing of her body was found except the bones and fragments of clothing. Several features of the Wisconsin gaine and fish laws were adoptad by the meetof wardens and officials who to discuss of game in ing ing met to in game the Chicago protection measures and fish lookthe Northwestern states. It was decided to recommend the present Wisconsin closed season on the great lakes for whitefisl and lake trout. The season is from Oct. 15 to Dec. ]. The Wisconsin season for deer, Nov 1 to Nov. 20, with five days in which to dispose of the carcasses, was also selected by the conference for recommendation to the legislatures. -The Jackson County Bank of Black River Fall's went into to the hands of a receiver a year ago last September and was recognized about six months ago on the plan that depositors should take a part of their deposits in stock, onefourth in cash and the balance in sixteen months bearing 3 per cent. interest. The bank reserved the right to pay off without interest all parties to the reorganization. Under the present management of the institution and contrary to the prophecy of many, the bank Thursday began to pay off all certificates presented under the six months option. -The surface ground of the Montreal mine between Penet and Gile has caved in of late. along buildings in various standing places the and location several have been moved off the ground during the winter to insure their safety. The cellar under one house had caved in betore the house was removed. Abandoned under-ground drifts are said to be the cause. The Montreal mine is the largest and does the most shipping of any mine on the Wisconsin side of the Gogebic range. -The gold supply of the leading nations of the world is quite liberal, The french minister of finance reports that $800,000,000 of gold coin bears the French stamp; the United States gold coin autonate to $720,000,000; that of Germany to $680,000,000, and and Great Britam and Russia have $600,000,000. each. And still the erv is for more. The prospectors of all the nations are engerly searching the aretic and torrid and all the intermediate regions of the earth for new veins and deposits of the yellow metal. -The farm home of Major W. B. McPherson, of the town of Sherman destroyed by together with the was morning, totally fire. contents. Friday The loss was about $2,500, on which there 18 a partial insurance in the Lynn Mutal. This is a severe loss to the Major, who will have the sympathy of a large circle of friends throughout the state. -THE state tax of four per cent on the gross earnings of railroads has been paid into the state treaurv. Five of the six principal lines doing business in Wisconsin, show an increase of gross earn ings over "96. The Soo alone shows a decrease which is sufficient to reduce its tax $2,000. The total amount of tax thesesix roads is Milwaukee & pays paid The Chicago, by $1,041,563.23. St. Paul the largest tax, $432, 611,37, while the Chicago & North-Western has the largest increase, $23,760,23; this company's tax being $406,598,79. There fs a Class of of People by theuse Re has been placed in the Who are there injured of coffee. all stores a new made of pure cently grocery GRAIN-0, preparation The grains, most deli called that the place of eoffee. receives it and but few can tell it It not cost over 1/4 as cate tress, takes does stomach without much. from coffee. Chil. disdren may drink it with great benefit, it 15 cts. and 25 cts. per package. Try Ask for GRAIN-O.