22629. Bower City Bank (Janesville, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 13, 1931
Location
Janesville, Wisconsin (42.683, -89.019)

Metadata

Model
gpt-5-mini
Short Digest
eb6f2663

Response Measures

Full suspension

Description

Multiple June 13, 1931 newspaper reports state the Bower City Bank failed to open and a notice said it was closed by order of the board of directors for reorganization. Several articles note a quiet run on the bank had been in progress for several days. A 1932 item refers to the suspended Bower City bank, indicating it did not resume normal operations. I corrected minor OCR errors (e.g., missing words and punctuation) but did not change names or dates.

Events (3)

1. June 13, 1931 Run
Cause Details
Unspecified quiet run/heavy withdrawals over several days prior to closure; no concrete trigger described in the articles.
Newspaper Excerpt
A quiet run on the bank had been in progress for several days.
Source
newspapers
2. June 13, 1931 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors ordered the bank closed for reorganization (notice on the door); closure followed the run.
Newspaper Excerpt
notice posted on the door said the bank had closed by order of the board of directors for reorganization.
Source
newspapers
3. May 29, 1932 Other
Newspaper Excerpt
the suspended Bower City bank ... William Heller, paying the liability for stock he held in defunct bank, was released ... the suspended Bower City bank (Capital Times, 1932-05-29).
Source
newspapers

Newspaper Articles (8)

Article from Stevens Point Journal, June 13, 1931

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Article Text

Smallest Bank in Janesville Closes Janesville, Wis., June The Bower City bank, smallest bank in Janesville, failed to open business morning. posted the door the had closed order of board of directors for reorganizaThe bank was capitalized for $50,000 and was organized in 1895. the youngest bank George Sutherland president of the institution. run the bank had been for several days. progrgess


Article from Marshfield News-Herald, June 13, 1931

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COUNTY SEVERELY BY HOT TAR Neillsville, June Tschernitz, county employe, was severely burned about the forehead wrists Thursday as hot tar splashed upon him while he and crew of men were tarring cracks the concrete highway Tschernitz dropped chunk into the boiler when the hot upon his face and tar wrists. his eyelids were coated with tar, his eyes were not injured. His injuries, though extremely painful, are not serious. BANK CLOSED Janesville, June The Bower City bank, smallest bank Janesville, failed to open for business this morning notice posted on the door said the bank had closed "by order of the board of for The bank capitalized for $50,000 and was in 1895 was the youngest bank in the city. George G. Sutherland president of the quiet run the bank had been in progress for several days. parents, Mr. and Mrs. John Jaeger, Reuben Davel left today for Milwaukee resume his studies at Marquette university.


Article from The Post-Crescent, June 13, 1931

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Article Text

SMALL JANESVILLE BANK CLOSES DOORS The Bower City smallest bank failed for this morning. notice postthe said the bank had closed order of the board directors for The bank capitalized for 000 organized in 1895. the the city. George Sutherland president of the the bank had been progress for several


Article from The La Crosse Tribune, June 13, 1931

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JANESVILLE BANK CLOSED Wis. Bower City bank, smallest bank in failed open for busimorning. notice posted said the bank closed the board of directors for reorganizaThe bank capitalized for was organized 1895. was bank in the the youngest city. George Sutherland presiinstitution. quiet the bank had been progress for several


Article from Ironwood Daily Globe, June 13, 1931

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DIVORCES MEAN DOLLARS AND CENTS FOR RENO Reno, Nevada, June Reno likes to figure out just what this divorce business means in doland Conditions have improved generally in this "capital liberalism" since the new 6-week residence law went into effect along with wideopen gambling something more than month ago. Washoe county (Reno) revenue has picked up much that the salary of practically county executive will be paid every this year out of divorce receipts. The same true to lesser elsewhere in the state, gree though principally in the bordering on Washoe county. Many seekers, wishing to avoid divorce the attendant their publicity leave Reno to get their defiling, grees. Every time divorce complaint filed the cash register in the clerk's office rings up "$20." county 517 times Washoe It did that during May, the first May county of the new residence requirement, make the county $10,340 richer. The clerk says he believes that proximately 3,000 complaints have been filed with him by Dec. 31. BANK CLOSED Janesville, Wis., June The Bower city bank, smallest bank Janesville, failed to open for business this morning. notice posted on the door said the bank had been closed "by order of the board of directors for reorganization." The bank was capitalized for $50.in 1895. It 000 and was organized was youngest bank in the city. George Sutherland is president of the institution. on the bank had been quiet run in for several days. progress There is religious order living and around Bombay. India, callin the Parsees, which demands ed that babies be born on the ground floor of the house as their first act of Children have their humility. names and wedding dates set by astrologers. Nezworski, Emmett Nolan, Bernice O'Leary, Priscilla Simmons, Milton Wurl, Eugene Zinn.


Article from Kenosha News, June 13, 1931

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Article Text

Janesville's Smallest Bank Closes Doors Janesville, Bower City bank, bank in Janesville, failed to open for business this on the morning. notice had been closed said the bank door "by order of the board of directors for reorganization. The bank was capitalized for $50.It bank in the city. was the youngest George Sutherland is president of the A quiet run on the bank had been for several days. progress


Article from The Boscobel Dial, June 24, 1931

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UNDER THE CAPITOL DOME Semi-annual payment of taxes is slated to become reality in Wisconsin with the legislature passing the Nelson-Tremain bill. Session after session the legislature favored such a plan but when bills were given close study it was believed that they were unworkable and they were discarded. But the bill passed this session was the result of lengthy work by the League of Municipalities in cooperation with the state tax commission and is believed to overcome most of the difficulties. The bill sets up that only part of the taxes can be delayed next year with the ratio growing from year to year until it will be fully effective in 1935 when it will be possible to pay half of the real estate taxes at the usual time and the second half at the end of July without penalty. The argument for the bill is that it will make it easier to raise the second half of the taxes in summer when work is more plentiful. The argument against it is that it will make much more work to collect taxes and that the expense is greater. The small loan law with its interest charges of 42 per cent a year remains on the statute books for at least two more years and has the progressive assembly to thank for its continued existence. The senate voted twice overwhelmingly to repeal the law. The assembly voted against repeal and on the second bill to repeal the law, Speaker Charles B. Perry ruled the bill out of order on the ground that the assembly had already voted on the repeal question. Senator Thos. M. Duncan, Milwaukee socialist, has become executive secretary to Gov. LaFollette. Senator Duncan is admittedly one of the most able men to ever serve in the legislature and he has been a LaFollette aide since the election. Duncan is expcted to bcome disconnected from the socialist party. The legislature is going on record against history text books that claim Germany was the cause of the World war. Sen. John Cashman, Denmark. offered resolution outlining the history books that blame Germany for the war and demands that the state superintendent of schools send a copy of his report to every school governing body. The senate adopted the resolution by a unanimous vote and aso adopted unanimously another resolution by the same author asking the revision of the treaty of Versailles. The assembly killed the interim committee bill for a central state board of education to displace all present state school governing bodies. The senate had passed the bill. Committee members are expected to renew their fight for central school control at the next session. The assembly has gone on record for the Fronek bill to raise $1,500,000 for conservation by a tax of two cents a package on cigarets. The vote was surprising because sales taxes are strongly opposed by the progressive organization. In spite of all the talk in the last two years the corrupt practices act remains unchanged for at least two more years. The assembly passed the Carow bill to tighten up the regulation of campaigns with more leeway granted candidates in the amount of money they can spend but the senate amended the bill to remove even one of the chief limitations of the present law. The Goodland amendment would have permitted corporations to take a free hand in politics. After the adoption of this amendment Sen. Walter S. Goodland, Racine, declared that the present law is stringent enough and that it should be left in force and the senate killed the bill. Cheesemakers have won a victory for which they have fought for many years with enactment of a bill removing the labeling requirement for whey butter. Whey butter is a by-product of cheese factories but up to this time they have been forced to label the product. Now they can sell it in open competition with other butter. Harry J. Mortensen, New Lisbon banker, has been named state commissioner of insurance to succeed Milton A. Freedy, brother-in-law of former Gov. Fred R. Zimmerman. Andrew Ekstrom, Superior, was named to the unemploym commission and John Thiel, former district attorney of Dodge county, has become a member of the Annuity board to succeed Anton Kuckuk, Clintonville. Wisconsin births in 1930 reached a total of 56,497 to mark an increase of 904 over those of the preceding year, according to tentative report of the bureau of vital statistics state board of health. The 1929 births had set the lowest total since 1920, the records of the bureau showed, and if the marked falling off two years ago was due largely to economic depression, the gain in 1930 may be regarded as a harbinger of returning prosperity Rural births comprised 29,031 of the 1930 total, the board's survey revealed, as compared with 27,466 urban births. Racine-Plans have been announced for the erection of a new $700,000 structure to replace the old St. Mary's hospital/here. Medford After being scolded for killing a robin, Francis Wegerer, aged 15, hung himself in the garage of his parents Just outside of Medford. Janesville-The Bower City bank, smallest bank here, failed to open its doors on June 13. There had been a quiet run on the bank for several days. Tax does to your pocketbook what tacks do to your tires. The later a man's bedtime the less difference it makes to the world what time he gets up.


Article from The Capital Times, May 29, 1932

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Bank Stockholder Freed from Jail Cell JANESVILLE, William Heller, paying the liability for stock he held defunct bank, was released from the Heller the stock with face value the suspended Bower City bank He was jailed for contempt for failing to appear to he should not pay additional He obtained lease by giving the valued at more the sum due Would-be thieves and burglars were trained at "school" recently unearthed by police Prague. The specialty of the was course in daylight robbery