22583. Bank of Fond du Lac (Fond du Lac, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
June 13, 1860
Location
Fond du Lac, Wisconsin (43.773, -88.447)

Metadata

Model
gpt-5-mini
Short Digest
ed399d02

Response Measures

None

Description

Multiple newspaper notices from June 13–16, 1860 report that the Bank of Fond du Lac has suspended specie payment. Contemporary reports cite a dispute: dissatisfaction of some of the stockholders, and a threatened injunction, and that most depositors had already been paid and assets appeared ample. There is no direct statement of permanent closure or receivership; the language implies a temporary suspension tied to a legal/stockholder dispute, so I classify this as a suspension with likely reopening.

Events (1)

1. June 13, 1860 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Dissatisfaction of some stockholders and a threatened injunction prompted the suspension of specie payments; contemporaneous reports note most depositors already paid and assets ample to meet liabilities.
Newspaper Excerpt
the Bank of Fond du Lac, Wis., has suspended
Source
newspapers

Newspaper Articles (6)

Article from The Weekly North Iowa Times, June 13, 1860

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the U. S. Marshal of the Northern Ohio District, and other officials, in opposition to Ex-Governor Minor of Ct., Mr. Douglas who took away the charter of the German and Irish military companies of that State, and was one of the most rabid Know Nothings in the country, has come out for "Honest Abe." "Birds of a feather will flock Austin Blair is'the Republitogether can candidate for Governor of Michigan The bill for the admission of Kansas failed in the Senate by a vote of 27 to 33. It is to be referred to the people after a change of boundaries. A girl aged 18 was accused of misconduct, denied it, and called upon God to strike her blind if she was not telling the truth. She became blind in five minutes after! Mrs. Smith wasasked by the court if she had a certificate of marriage; she replied, "Yes, your honor, three on 'em-two A woman 50 years old gals and a boy !" fell into a tub of boiling water in Ogle Co., Four Illinois, and was burned to death little children died in one house in Indiana, The Milwauof fever, one day last week kee Aldermen use a sandwich made of brandy at the bottom, gin at the top, and Gerritt water, very thin, in the middle Smith of New York is spoken of for President by the rabid John Brownites of Boston. A New York clergyman ran off with another man's wife, took her to Cincinnati, he was arrested for adultery and is now in prison, and the wife has gone home The Grand Capids Reporter has a "local" department headed "Spinal Column," which is based on private matter, we judge A negro beholding the Japanese, exclaimed, "If de white folks is dark as dat out dare, I wonder what is de color of de niggers?" Hon. S. M. Burroughs, M. C. from Henry the Orleans N. Y. Dist., is dead Crowley, of the Mt. Auburn Female Seminary, while walking in Cineinnati with two ladies, was stabbed to death by rowdies Senator Douglas is seriously ill with discase of the throat It costs $5,233,55 to clean the streets of New York city one week. A Minnesotean shot a young man who courted his daughter contrary to the parent's wishes. The young man was not seriously hurt and still persists in visiting the lady. Great excitement prevails in the neighborhood, and many fear that in the difficulty, the lady will yet be shot and the whole matter have a blo ody termination At Platteville, Wis., 12,000 lbs. of lead was The taken from one lead, in one day Bank of Fond du Lac, Wis., has suspended It is said that all kinds pecie payment of bugs, humbugs excepted, may be killed by the frequent use of alum water. A blow on the head with a mallet is sure death! The Zoological Society have elected Fish (Hamilton) for President Very apThe Union K. N. Electoral propriate nominees are termed "the Kangarqo ticket.' The Its strength is in the hind legs ! Republicans in '56, tried to carry Fremont into the White House by a tandem team, the Woolly Horse and Bleeding Kansas Lincoln rides upon a rail! Democratic A ferryLightning will distance him ! man in Troy, N. Y., while in a state of somnambulism, rose from his bed, ferried across the Hudson, made change with a passenger, and, afterwards, when he awoke A man knew nothing of the transaction in Farmington, Iowa, while blaspheming God, in a horrible manner, was struck with A sure way palsy and died immediately to raise a peach crop in the west-get peach trees that bear annually ! This is gratis ! Trees always twist in the direction of the sun so do the girls ! The editor of an exchange paper-he was lately married-has a long leader headed, "The issues of 1860 !" He ought to be more discreet; never count the chickens The western before they are hatched men at Chicago "swallowed" Seward, but New York Republicans swear they can't swallow Lincoln ! You may as well grease him, gentlemen, for he has got to "go down The charges preferred against Gen. Ward Burnett, Surveyor General of Kansas, have Garabaldi has enbeen proven untrue tered Palermo and assumed the Dictatorship The news from the Denver City gold regions received at Independence, Mo., up to


Article from The Kenosha Telegraph, June 14, 1860

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IF The Bank of Fon du Lac has suspended specie payment, but the Press thinks the bill-holders will not lose by it.


Article from Cedar Falls Gazette, June 15, 1860

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SUSPENSION.-The Bank of Fond du Lac, Wis. has suspended specie payments.


Article from The Manitowoc Pilot, June 15, 1860

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The Bank of Fond du Lac has suspended specie payment, but the Press of that city thinks the bill-holders will not lose by it.


Article from Watertown Republican, June 15, 1860

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-- The capture of the French slaver, Bogota with 500 negroes on board, raises the number taken by our cruisers this spring, and carried into Key West, to about 1,700. New York papers state that the merchant ships Castilian, 999 tons, and Hemisphere, 1,000 tons, have been chartered, under the auspices of the Colonization Society, to take the negroes from Key West to Liberia. The price paid is understood to be $12,000 for each vessel. - The Louisville Journal says "It is estimated by those whose position in the trade gives them ample opportunities of aiming at a close approximation, that at least 700,000 bushels coal were lost during the recent storms between this port and Pittsburg. In after ages when some convulsion of nature changes the bed of the Ohio river, there will be a very respectable coal seam all along its course, as the result of these heavy losses." - The library of Alexander von Humboldt, after all the bootless talk about securing it for America, has been definitely sold to Messrs. A. Asher & Co., the well known booksellers of Berlin. It contains 10,000 volumes, and many of the presentation copies are of the most valuable and expensive description. The sale, piecemeal, of the collection will be made towards the end of the present year. 10 The National Division of the Sons of Temperance is now in session in Portland, Me. Twenty three Divisions are represented, including several Southern States. The Worthy Patriarch of Great Britain is a delegate. The attendance is large, and the session the most earnest ever held. It will continue a week. - Mr. Douglas' Chicago organ calls Mr. Lincoln "a nonentity." Well, if a nonentity gave Douglas such a terrible fight in 1858, beating him several thousands in the popular vote, we wonder what entity would have done ? -Lou. Jour. - John Chandler, formerly a resident of Monroe, Wis., was killed in Pleasant Grove, Minn., on the 22d ult., by a man named J. B. Bunce, a merchant. The latter put Chandler out of his store for calling him a liar, and in so doing, struck him with a weight, which killed him. - The old German daily newpaper, the Volksbode, of Evansville, Indiana, which has been Democratic in politics from its first issue, has hoisted the names of LINCOLN and HAMLIN and is doing battle valiantly for the Republican cause. The Volksbode was AntiLecompton during the pendency of that issue, and has now seperated itself entirely from the unclean party which it has served SO long. The result of its movement has been a tremendous stampede of German voters in Southern Indiana, and the Wabash counties of Illinois, to the Republican ranks. - On Monday last the Bank of Fond du Lac suspended specie payment. Says the Press "The cause that produced this unfortunate result, we are informed, was a dissatisfaction of some of the stockholders, and a threatened injunction. Most of the depositors have already been paid off, and we learn that the assets will be ample to meet all the remaining liabilities. It is not likely that depositors or bill holders will be obliged to lose by this- WO truat temporarr qusension


Article from Grant County Herald, June 16, 1860

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The Bank of Fond du Lac has suspended specie payment. MARKETS.