Article Text
Another Bank Gone. EAU CLAIRE, Wis., Jan. 7.-The Commercial bank with a capital of $30. 000 closed today; due to the suspension of the Allemania bank at St. Paul.
22559. Commercial Bank (Eau Claire, WI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 7, 1897
- Location
- Eau Claire, Wisconsin (44.811, -91.498)
Metadata
- Model
- gpt-5-mini
- Short Digest
cf1f160a
Response Measures
None
Description
Contemporary reports (Jan 7–9, 1897) state the Commercial Bank of Eau Claire closed or suspended due to the suspension of the Allemania Bank of St. Paul (contagion from correspondent/other bank failure). A receiver (C. M. Buffington / G. M. Buffington) was appointed on application Jan 8–9. The institution was wound up (receiver's reports and final discharge in 1898). No article describes a depositor run/withdrawal event prior to suspension.
Events (5)
1.
January 7, 1897
Suspension
- Cause
- Correspondent
- Cause Details
- Closed/suspended as a direct result of the suspension/failure of the Allemania Bank of St. Paul (contagion from another bank's suspension).
- Newspaper Excerpt
- The Commercial Bank of Eau Claire, capital $30,000, closed today; due to the suspension of the Allemania bank at St. Paul.
- Source
- newspapers
2.
January 8, 1897
Receivership
- Newspaper Excerpt
- On application of the depositors, the Commercial bank, which suspended yesterday, was today placed in the hands of C. M. Buffington as receiver.
- Source
- newspapers
3.
January 14, 1897
Other
- Newspaper Excerpt
- At Eau Claire, Wis., the Commercial bank, capital $30,000, announced voluntary liquidation. The deposits amount to about $53,000.
- Source
- newspapers
4.
January 6, 1898
Other
- Newspaper Excerpt
- Receiver Buffington has filed his report on the Commercial bank at Eau Claire... liabilities $64,906 and assets at actual value, $35,191, a shrinkage of about 60 per cent.
- Source
- newspapers
5.
January 13, 1898
Other
- Newspaper Excerpt
- C. M. Buffington, receiver of the Commercial bank, in Eau Claire, was granted his discharge... showing $27,723 in cash realized out of the assets, and $24,377 disbursed.
- Source
- newspapers
Newspaper Articles (23)
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Article Text
Bank Failures, EAUCLAIRE, Wis., Jan. 7.-The Commercial Bank of EauClaire with a capital of $30,000 closed today. The failure is due to the suspension of the Allemania bank, St. Paul. President Allen states that the depositors will be paid in full. ST. PAUL, Jan. 7.-A Preston, Minn., special to the dispatch says the Bank of Canton, at Canton, and the Citiz n's Bank of Lanesboro, ooth owned and operated by Field, Kelsey & Co. suspended yesterday.
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CLOSED, ASSIGNED, REOPENED. A Day's Record of Basiness Downfalls and Renewals. Lexington, Va., Jan. 7.-H. L. Kennedy, general dealer in queensware, tinware, etc., has assigned for the benefit of his creditors; J. V. Grinstead trustee. The assets will probably pay preferred creditors in first-class; liabilities unknown. Preston, Minn., Jan. 7.-The Bank of Canton, at Canton, with a capital of $10,000. and the Citizens' Bank, of Landsboro, a small Institution, both owned and operated by Field, Kelsey & Co., suspended business yesterday. Eau Claire, WIs., Jan. .-The Commercial Bank. of Eau Claire, capital $30,000. closed 10-day. The failure is due to the suspension of the Allemania Bank, of St. Paul. President Allen states that the Eau Claire institute will wind up its affairs and that depositors will be paid in full. New York, Jan. 7.-J. H. Johnston & Co., dealers in Jewerly. assigned to-day. Liabilities, $219,600; assets, $201,700. Denver, Col., Jan. 7.-The American National Bank reopened this morning with Julius A. Myers president. It means nearly one million dollars tied-up money being put in immediate circulation here. Youngstown, Ohio, Jan. 7.-The Younstown Car Works. which has been idle for more than a year. will resume on Monday. The company. having secured a large order for coke cars. will have a run of at least two months with other orders in prospect.
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BANK OF EAU CLAIRE FAILS. The Suspensions at St. Paul the Cause of It Closing. Eau Claire, Wis., Jan. 7.-The Commercial Bank of Eau Claire, capital $30,000, closed to-day. The failure is due to the suspension of the Allemania Bank of St. Paul. President Allen states that the Eau Claire institution will wind up its affairs and that depositors will be paid in full.
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The Commercial Bank of Eau Claire, Wis.. capital. $30,000. closed. Thursday. The failure is due to the suspension of the Allemania Bank of St. Paul. President Allen states that the Eau Claire institution will wind up its affairs and the depositors will be paid in full.
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A Wisconsin Bank Failure. EAU CLAIRE, Wis,, Jan. 7.-The Commercial Bank, capital $30,000, closed today, due to the suspension of the Allemania Bank of St. Paul.
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ARMENIANS RELEASED. All the Prisoners Turned Loose at Constantinople Except Condemned Ones. NEW YORK, Jan. 7.-A dispatch to The Herald from Constantinople says that the last 20 of 388 Armenian prisoners at Constantinople have been liberated. There are still in prison 29 persons condemned to death. One of them is Bishop Arabgir. As to the number of Armenian priests in the province condemned to death, only two have up to the present time been mentioned to the patriarchate as worthy of pardon. Sixty-five Armenians who had sought refuge at Varna have been delivered without difficulty to the Armenian patriarchate. EAU CLAIRE, Wis., Jan. T.-The Commercial bank of Eau Claire, with a capital of $30,000, has closed. The failure was due to the suspension of the Allemania bank at St. Paul. President Allen states the Eau Claire institution will wind up its affairs, and that the depositors will be paid in full.
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Wisconsin Bank Closes. EAU CLAIRE, WIS., January 7.-The Commercial Bank of Eau Claire, capital $30,000, closed to-day. The failure is due to the suspension of the Allemania Bank, of St. Paul. President Allen states that the Eau Claire institution will wind up its affairs, and that depositors will be paid in full.
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EUACLARIE BANK FAILS. EauClarie, Wis., Jan. 7.-The Commercial Bank of EauClarie, capital $30,000 closed to-day. The failure is due to the suspension of the Allemania bank of St. Paul. President Allen states that the Eau Clarie institution will wind up affairs and that depositors will be paid in full.
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Closed Its Doors. EAU CLAIRE, Wis., Jan. 7.-The - Commercial bank of Eau Claire, capital $30,000, has closed. The failure is due to the suspension of the Allemannia bank of St. Paul, President Allen states that the depositors will be paid in full.
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Buffington for Receiver. EAU CLAIRE, Wis., Jan. 8.-On application of the depositors, the Commercial bank, which suspended yesterday, was today placed in the hands of C. M. Buffington as receiver.
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RECEIVER FOR A WISCONSIN BANK. Eau Claire, Wis., Jan. 9.-On application of Edward Boyle, who had about $3,000 on deposit, the Commercial Bank, which suspended on Thursday, has been placed in the hands of G. M. Buffington as receiver. Boyle's application merely alleged insolvency.
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NEWS IN BRIEF. About 1,800 miners in the Massilon district have decided to strike. In spite of all the protests, Boston's colored councilman gets his seat. William M. Farrington was Thursday nominated by the president to be postmaster at Memphis. Emma May Bradish, of Scranton, Pa., hassued Sanford Grant, son of a banker. for $10,000 damages for having kissed her. All the trusts operating in Georgia have cancelled existing contracts with merchants and jobbers on account of the anti-trust law. National democrats of Anderson county, Ky., have decided to keep up their organization and to take no part in the primaries of other parties. The steam boat mates at Pittsburgh are organizing, and will ask the government to return all the money they have expended for licenses. e The nomination of Internal Revenue Commissioner Forman and Secretary n of Interior Francis will probably be . confirmed by the senate this week. d t Chairman Parker has set April 7 as S the date for the populist state convend tion at Louisville, to nominate a candih date for clerk of the court of appeals. 'e The Caldwell county, Ky., republig can committee has forwarded a petition 0to Gov. Bradley, asking him to call an n extra legislative session as soon as as practicable. se e It has developed that several banks n which had deposits with the National Bank of Illinois were warned in time ed to withdraw their deposits before the as bank closed its doora. to Natural gas has been declared a min ed eral by Judges Lacombe and Wallace. eof the United States circuit court of appeals, thereby exempting it from duty when piped into this country. A negro in South Carolina, wanted for murder, when denied the use of buggy in which to escape, killed three white persons and a negro with an ax He is now being hunted by a larg posse. The Commercial Bank of Eau Claire Wis., has closed its doors as a result the failure of the Allemania Bank, d St. Paul. The bank of Carton, Minn and the bank of Lanesboro, Minn both small private institutions, als suspended. The United States court of appeals Chicago decided that leases made b the old whisky trust can not be er forced and are void. This rids th American Spirits Manufacturing Con pany of about fifty leases running f twenty years and involving somethin like $1,500,000. Ten of the leading members of t Watterson club, including both go and silver men, have signed a call for meeting in the club rooms for the pu pose of seeking some common grour on which the party at Louisville a state can unite. There will be "a and free discussion, in a spirit of conciliation, of the political situation At the Chinese legation at Washin ton it is stated that Wu Ting Fan who succeeds Yang You as Chine minister to this country, has spent siderable time in England, where studied law and was admitted as west barrister. He has been in the serv will of the Chinese government for the p Co. ten years,
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WEST AND SOUTH. An explosion of giant powder at Twin Lakes, Col., killed Peter Fagin and Michael Sebia and Joseph Larkin was fatally injured. Near Pickens, S. C., the residence of Rev. M. L. Jones was destroyed by fire, and his son Elbert and daughter Mary perished in the tlames. 1. N. Van Hossen, ex-mayor, was found dead in his home at Lawrence, Kan., having been sulfocated by coal gas from a store. At Eau Claire, Wis., the Commercial bank.capital $30,000, announced voluntary liquidation. The deposits amount to about $53,000. In Chicago five young men who comprise a gang of the most daring bank swindlers and forgers that has operated in this country in 20 years were captured. The Bank of Canton at Canton, Minn., and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., suspended business. At Magnolia, C., Simon Cooper, a negro outlaw, murdered Ben Wilson, aged 80 years, his son Wesley, aged 40, and Mrs. Wesley Wilson, aged 35, and a colored man. The refusal of Wilson to loan Cooper a buggy was the cause. The entire business portion of Royalton, Wis., was destroyed by fire. Business has been resumed by the Bankers' exchange bank in Minneapolis, Minn., which suspended some days ago. In Chicago William J. Bryan was the guest of the Bryan league at a banquet given at the Tremont house in celehra. tion of the anniversary of Andrew Jackson's birth and made the principal speech,
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Opposed to the Receiver, EAU CLAIRE, Wis., Jan. 16.-After a long secret discussion last night 125 depositors and stockholders of the Commercial bank adopted a resolution that the court be asked to allow an assignment to be made to R. K. Boyd. Meantime a receiver appointed by the court is in charge. There is much bitter feeling.
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# Miscellaneous. Dan Stuart is preparing for another fistic carnival in September. Another filibustering expedition got away from Punta Gorda, Fla. The Greater New York charter bill has passed the New York assembly by a vote of 117 to 28. D. J. Sachsel, treasurer of the Christopher Columbus Building and Loan association, has left Chicago with $35,000. Marie Ricks, the notorious window smasher and woman of the street, has turned up at Marinette, Wis., coming from Michigan. Mr. John Nordhouse of Illinois, formerly private secretary to Mr. Morton, has been appointed by Secretary Wilson to serve in the same capacity. In the Maine senate the bill to prevent the reproduction of prize fights by photograph, kinetoscope, etc., was passed to be engrossed. In anticipation of an increase in the American tariff, Canadian distillers are shipping large quantities of whisky to the United States. Secretary Bliss has approved for patent to the State of Minnesota school indemnity list No. 3, embracing 2,721 acres in the Crookston district. The effort to secure the mulct saloon by petition in Dubuque, Iowa, has failed by fifty-six signatures. It has been a bitter fight. The lumbermen of San Francisco are again trying to organize a trust with the hope of raising the price of lumber from $4 to $6 a thousand. Ex-Mayor Stewart of Dubuque, Iowa, has been granted a franchise for a telephone line. Rates are to be $24 and $18. The present rates are $42 and $30 a year. Application has been made for the appointment of a receiver for the Pittsburg (Pa.) Provision company. The concern has a capital of $250,000, and it is alleged that its affairs have been mismanaged. Judge W. W. Wood, of the Johnson (Kan.) county circut court, has decided that the Sedalia school district must pay $23,000 to the holders of school bonds, issued in 1883 and fraudulently sold to Eastern people. The ninth biennial meeting of the Iowa Legion of Honor convened at Fort Dodge, Iowa, with every county in the state represented, making an attendance of about 300. The steamer Ohio, which left New York Feb. 6 for an excursion to the West Indeas, has arrived at New York, having covered a total distance of 7,323 miles. An arrangement has been effected by Ambassador Bayard with the archbishops of London and Canterbury whereby the original log of the Mayflower will be returned to the United States. Receiver Buffington has filed his report on the Commercial bank at Eau Claire, Wis. It gives the total liabilities at $64,906 and the assets at actual value, $35,191, a shrinkage of about 60 per cent. The parents of Elva Ham, aged twelve years, placed her on the cars at Vandalia, Ark., for Linton, a mining town south of Terre Haute, Ind She was tagged, and a note was pinned on her coat to her grandfather, Washington Morris. Since her departure from Arkansas the child has not been heard from.
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EXAMINATION OF F.. C. ALLEN. President of Commerciali Bank of Ean Claire Questioned by Receiver. Eau Claire, Wis., Nov. 29.-[Special] -The examination of F.. C. Allen, who was president of the defument Commercial bank, by T. F. Frawley, representing the receiver, commenced this morning in the circuit court. The receiver'Seattorney tried to ascertain what consideration was actually represented by assets; im which there was heavy shrinkage and asked a line of questions to show that several large concerns, including the Union Log and Trust company of Sioux City and the Sioux City Stove works, whose paper was being carried as assets, were at such time in the hands of receivers.
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# ABBREVIATED TELEGRAMS. Fitzsimmons' second installment of profits from the veriscope pictures was $10,000. Twelve thousand of Chicago's poor were fed Christmas by the Volunteers of America. At Mount Morris, Mich., a son of Daniel Callahan was choked to death by a peanut. The average condition of wheat in Michigan Dec. 1 was 88 per cent. of condition in average years. More than 150,000 Christmas trees were shipped from the northern Wisconsin pine woods this year. There is talk of extending the scope of the new steel wire trust so as to include the steel billet mills of the country. It is claimed that between $75,000 and $100,000 worth of buildings are under course of construction in Petoskey, Mich., at the present time. Six thousand families in the Nineteenth ward, Chicago, feasted on turkey or chicken Christmas Day at the expense of Alderman John Powers. Warden Fuller, of the Michigan house of correction at Ionia, has procured a couple of man-hunting hounds to use in trailing escaped convicts. J. Roy Hammett, a student at Northwestern university, Evanston, Ills., introduced his wife to his parents at Tuscola, Ills., as a Christmas dinner surprise. "Auntie" Julie Moore, for thirty years the only colored member of the Plymouth church, and a friend and beneficiary of Henry Ward Beecher, died Christmas Day in Brooklyn. A young man named Bennett, living near Williams' Bay, Wis., has confessed to placing a steel rail on the railway track near Braidwood, Ills., which came near wrecking a passenger train. N. W. Phillips, of Saginaw, Mich., a fruit tree agent, writes to Governor Pingree that the black gnat pest among plum and cherry trees is spreading rapidly throughout the state. Herman Rudolph, a former resident of Janesville, Wis., who has just returned after eight years' residence in the Klondike region, brought back over $50,000-made in the sawmill business. C. M. Buffington has asked to be released from the receivership of the Commercial bank at Eau Claire, Wis., as its affairs are about straightened out. A final dividend will soon be declared. Captain William C. Oldreive has planned to walk across the Atlantic ocean with his sea-going shoes, starting from Boston July 4. Captain William A. Andrews will accompany him in a new fourteen-foot sailboat.
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Shaw's tannery at Rib Lake was burned, entailing a loss of $1,500, with full insurance. The Bertillon system of identifying crimmals will be adopted by the Racine police department. John S. Sweet, formerly clerk at the Grand Hotel at Janesville, died at Biloxi, Miss., of yellow fever. Mrs. Frank Gray, one of the pioneer residents of Janesville, died suddenly. she fell recently and broke her hip. The Wisconsin Malt and Grain Company at Appleton has decided to double the capacity of its plant at once. Joseph Unger, a Milwaukee brewer, will spend the next six months in the house of correction for abusing a baby. At Appleton, the family of Albert Bentz had a narrow escape from death by the escape of gas from a coal stove. Miss Almena De Puy, a library expert of Jackson, Mich., has been engaged to classify and organize the public library at Appleton. W. R. Durfee has in prospect for 1898 another good season's run for his sawmill. He has closed contracts for sawing 30,000,000 feet. Mrs. Hannah A. Woods, wife of Alanson Wood, landlord of the Hotel Marinette, died suddenly at Marinette of heart failure. She was 52 years old. Dan Shea of Appleton was murdered at Watersmeet, Mich., but by whom or under what circumstances is not known. He was a man of about 26 years. Mr. and Mrs. Herman Yahr of Washington County celebrated the golden anniversary of their wedding. The couple came to Wisconsin from Germany in 1847. The machinery for the new knitting plant-fifty-two knitting machines and thirteen loopers-at Stevens Point, has arrived and is placed in the building. The plant will start. Eau Claire people have not yet given up hopes of getting the normal school located in their town. They will try to get the matter of relocating the school before the Legislature. Arthur Keller of Brookfield confessed to the theft of $215 from William Keller of Tomah and has produced the money. The case against him was continued to the next term of court. Fritz Gerber, a cheese maker, living near Afolkey, Ill., sixteen miles from Monroe, was struck and killed by a St. Paul passenger train on a crossing three miles east of that city. C. M. Buffington has asked to be released from the receivership of the Commercial Bank at Eau Claire, as its affairs are about straightened out. A final dividend will soon be declared. A young man named Bennett, living near Williams' Bey, has confessed to placing a steel rail on the railway track near Ringwood, Ill., which came near wrecking a passenger train. Father Joseph Tiepel, late missionary ogiest in the diocese of Tennessee, has leeed in charge of the Sacred Heart Catholic Cash at Manawa. The church has been without a priest mince October. More than 150,000 Christmas trees were shipped from the northern Wisconsin pine woods this year. One dealer in Marinette County shipped eleven carloads. The total value of the cut is about $30,000. The Chicago and Northwestern passenger train from Chicago, via Janesville, dashed into a loaded coal train in the Fond du Lac yards the other evening, injuring five persons. An open switch on a sharp curve was the cause of the accident. The postoffice at Iron River, Bayfield County, over which there has been such a bitter fight as to who should be the incumbent, lacked only $1 of coming in the class appointed by the President. C. D. Gorman has been recommended for the -position. Winnebago County might have had a new court house and jail if water and willing hands hadn't been so plentiful. Fire did several thousand dollars' damage to the ramshackle structure, and as the loss is covered by insurance it will probably be repaired. State Deputy Game Wardens Stone and Johnston arrested two persons named Beauregard and Butler of Spooner, near Shell Lake, charged with violating the game laws. About 300 pounds of fish were found in their huts, which was confiscated and sold. A small dog belonging to a Marinette family recently became angered at the mistress of the house, Mrs. Ryan, and chased her and the hired girl into a pantry and kept them there for several hours. The dog was finally killed by a man who discovered their predicament. Mrs. A. Moses, a wealthy woman of Chippewa Falls, was badly burned by a fire which caught in the feathers of her hat from a gas jet which she was lighting. The drapery in the room also ignited and in an effort to extinguish the blaze Mrs. Moses received serious injuries. O. Delisle, an elevator boy of Marinette, was unleading goods from an elevator in the basement of a three-story block in that city when the GOO-pound weight became loose and dropped, and the elevator shot skyward at a terrific rate. It struck the top of the shaft, and by an almost miraculous chance Delisle was hurled out of the opening on the third floor by the shock. He was uninjured,
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Receiver Discharged. C. M. Buffington, receiver of the Commercial bank, in Eau Claire, was granted his discharge on application to Judge Bailey. His report shows $27,723 in cash realized out of theassets, and $24,377 disbursed. The face value of the assets turned over when the receiver was appointed was about $90,000, and the liabilities about $65,000. The depositors will get nothing unless the stockholders are held liable.
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Receiver Discharged. C. M. Buffington, receiver of the Commercial bank, in Eau Claire, was granted his discharge on application to Judge Bailey. His report shows $27,723 in cash realized out of the assets, and $24,877 disbursed. The face value of the assets turned over when the receiver was appointed was about $90,000, and the liabilities about $65,000. The depositors will get nothing unless the stockholders are held liable.
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Two Eau Clair Cases Consolidated. In the matter of the receivership of the National Electric Manufacturing Company, Judge O'Neill filed an order at Eau Claire consolidating the two actions, adding largely to the number of defendants, and vacating Judge Bailey's three orders of Dec. 30 closing the receivership. Judge O'Neill also removed Receiver R. E. Rue, but said his removal was due only to the fact of his having been made a defendant. The receivership of the Commercial Bank, also closed by Judge Bailey, is being reopened.
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Two Eau Clair Cases Consolidated. In the matter of the receivership of the National Electric Manufacturing Company, Judge O'Neill filed an order at Eau Claire consolidating the two actions, adding largely to the number of defendants, and vacating Judge Bailey's three orders of Dec. 30 closing the receivership. Judge O'Neill also removed Receiver R. E. Rue, but said his removal was due only to the fact of his having been made a defendant. The receivership of the Commercial Bank, also closed by Judge Bailey, is being reopened.