22592. Bank of Green Bay (Green Bay, WI)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
June 26, 1861
Location
Green Bay, Wisconsin (44.519, -88.020)

Metadata

Model
gpt-5-mini
Short Digest
2740de2f

Response Measures

None

Description

June 1861: Milwaukee banks 'threw out' (refused) the notes of several Wisconsin banks including Bank of Green Bay, provoking a riot. A later July 1861 notice reports the Bank of Green Bay 'resumed business' (reopened). No explicit depositor run is described in the articles — the event is a suspension of acceptance of its notes by other banks followed by reopening.

Events (3)

1. June 26, 1861 Suspension
Cause
Local Banks
Cause Details
Milwaukee banks 'threw out' (refused to accept) the Bank of Green Bay's suspended bills; listed among banks whose notes were rejected, provoking a riot in Milwaukee.
Newspaper Excerpt
the following suspended banks ... were thrown out in Milwaukee ... Bank of Green Bay
Source
newspapers
2. July 4, 1861 Other
Newspaper Excerpt
Bank of Green Bay, in this city, resumed business yesterday, and is now sailing along under prosperous breezes. ... The officers of the bank inform us that all of their Southern Stock has been exchanged for Wisconsin State Bonds and their bills are worth one hundred cents on the dollar.
Source
newspapers
3. July 11, 1861 Reopening
Newspaper Excerpt
The Bank of Green Bay, in this city, resumed business yesterday, and is now sailing along under prosperous breezes.
Source
newspapers

Newspaper Articles (3)

Article from The Weekly North Iowa Times, June 26, 1861

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Article Text

latest News. The Governor has made requisition on Indiana for four additional regiments. Seven new Massachusetts regiments are starting for Washington. The main blow against the rebels is to be struck from Washington. Gen. McClellan has instructions to sweep out the last vestiges of treason in western Virginia. Fort Pickens is all right, notwithstanding Bragg is a good dog. It is expected that the convention to be held at Knoxville, Tenn. will pursue a course similar to that pursued by the Wheeling convention, The rebels have been busy as bces in the erection of masked batteries all over eastern and southern Virginia. The rebel leaders stimulate their men to fighting heat by telling them that the northern soldiers are intent on outraging their women and committing other atrocious acts. Gov. Pickens, fearing an invasion of his state from the sea-coast, has forbidden any more troops from leaving Palmettodom.This is unkind to "ole Virginny." The Union sentiment of Kentucky is developing very fast. It is believed that the Government will interfere with the due course of law in the case of the captured pirates of the privateer Savannah Mr. Crittenden will offer his compromise at the special session of Congress, backed by a threat of the secession of Kentucky. On Sunday it was thought at Washington that Beauregard was preparing for an advance on that city. A special despatch to the Post however says "good judges say there will not be a battle for two weeks, if all. Yet a special despatch to the World represents Beauregard as about to attack the federal lines at Washington. The navy is to be doubled and the President is about to call for 300,000 men in the aggregate with money to correspond. It is suspected that Congress will suspend the writ of habeas corpus in places where there exists active rebellion, Jeff. Davis is at the Spotswood House, Richmond. Gen. McClelland and Gov. Magoffin of Ky., have entered into a stipulation in which the former agrees to respect the territory of Ky., and the latter pledges himself to protect S. property in the state, and enforce the U. S. laws. The Ky. election resulted in Union majorities in every Congressional district but the 1st. In that L. W. Burnett was elected. It is reported that the Wisconsin war fund has all been taken by the bankers who will use the state bonds for securities in banking and retire their southern stocks. The pursuit of Gov. Jackson, of Missouri, has been abandoned. The state troops were rallying fast, and Illinois troops were going to the assistance of the federal forces. at on A fight in which occurred the Union Sedalia, lost Mo., 23 kill- the 18th, men ed, and the disunionists 25. The Great Eastern was to leave England on the 21st, with troops to protect Canada from invasion by this government! A.S Wolff, of Iowa, has been appointed Consul at Basle. Beauregard recommends guerrilla warfare. Private letters from England state that large numbers of privateers are fitting out as rebel vessels. Breckinridge will probably not take his seat. 5,000 U. S. troops, including the 1st and 2d Iowa regiments, are at Booneville, Mo. The Pope is better. Com. Vanderbilt offers to sell or give his steamer Vanderbilt to the government. Gen. Scott held a war conference with his prominent generals on Monday. On Monday afternoon a large mob gathered in the streets of Milwaukee and committed violence on the bank buildings and upon the persons of several of the bankers. The riot was quelled by the military and on Tuesday all was quiet. The occasion of the disturbance was the throwing out, on the part of the Milwaukee banks, of the following named suspended bills, which they had previously guaranteed : Bank of Columbus, Bank of Green Bay, Bank of Portage, E. R. Hinkley & Co.'s Bank of Grant Co., City Bank of Kenosha, Dodge County Bank, La Crosse County Bank, Northern Bank, Waupun Bank, Wisconsin Pinery Bank. The walls of two buildings in Kansas City, fell on the night of the 22d, burying


Article from Prescott Journal, June 26, 1861

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Article Text

COMMERCIAL MATTERS. THE BANKS. WISCONSIN. The Banks are badly mixed" at present. On Saturday last the following suspended banks embraced in the list which the Banker's Convention agreed to receive till the first of Dee., were thrown out in Milwavkee, and of course other State Banks will follow their example. E. R. Hin.ehley & Co's Bank of Portage. Bank. Bank of Columbus, La Crosse Co. Bank. Bank of Green Bay. City Bank of Kenosha. Northern Bank. Waupun Bank. Wisconsn Pinery Bank. Dodge County Bank. The ant on of the banks was the occasion of a riot, which is reported under the news head. The question arises, what is to become of the balance of the banks. and some predict a general crash. What the people want to know, and what no one can tell. is whether the banks are going to stand up under the pressure. The Milwaukee Banks have taken $500,000 of the war loan. and these bonds will probably be deposited as securities, and relieved from the load of these ten insolvent ones, the remaining banks may be ai le to stand. The Comptroller has called for 8 per cent. additional securities, and when his next report is made, we shall know who are "lame ducks" if there be any. In the meantime let us keep cool and breathe easy till we know something decisive. We give the list of the credited banks as usual. Bank of Madison. Iowa County Bank. Bank of Milwaukee. Juneau Bank, Bank of Ripon. Rock County Bank. Bank of Oshkosh Sauk County Bank. Bank of Racinc. Second Ward Bank. Central Bank of Wis State B'k. of Wis. State Bank. Dane County Bank. Farmers & Millers B'kWis Marine & Fire In. Bank of Jefferson. Co Bank. Bank of Weyauwega. Oakwood Bank. Racine Co. Bank. Green Bay Bank. Corn Exchange Bank. Sauk City Bank, City Bank of Prescott. Shawanaw Bank. Bank of Fox Lake. Bank of P du Chien. Columbia Co, Bank. Hudson City Bank. Commercial Bank. Kenosha County Bank. German Bank. Wisconsin Bank. Bank of the Interior Frontier Bank. Bank of Monroe. Jefferson Co. Bank, Lumberman's Bank. Bank of Moneka. Bank of the N West. Oshkosh Com. Bank. Bank of Beloit. Prairie City Bank. Bank of Grant County. Rock River Bank. Rockwell & Co.'s B'k. Bank of Sheboygan. Bank of Sparta, St. Croix Valley Bank. Bank of Watertown. Summit Bank. Bank of Whitewater, Sun Prairie Bank. Corn Planters' Bank. Walworth Co. Bank. Bank of Wisconsin, Waukesha County B'k. Ex B'k Darling & Co.Farmers & Mechanics' Elkhorn Bank. Bank. Forest City Bank.


Article from Watertown Republican, July 12, 1861

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Article Text

- The Bank of Green Bay, in this city, resumed business yesterday, and is now sailing along under prosperous breezes.Mr. Geo. Bowman, President of the Bank, in this city, assisting in greasing the cogs and getting it in first rate running or er. The officers of the bank inform us that all of their Southern Stock has been exchanged for Wisconsion State Bonds and their bills are worth one hundred cents on the dollar. We have had great confidence in the honesty and energy of the officers of this bank ; and it has not been misplaced.Green Bay Advocate, July 4th,