First National Bank - Kaukauna, WI

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 3641
Charter Number: 3641
Start Date: June 7, 1893
Location: Kaukauna, Wisconsin (44.278, -88.272)

Metadata

Model: gpt-5-mini
Short Digest: 8ee823de

Response Measures

None

Description

OCR corrected 'Kankauna' to Kaukauna. Newspaper (The Sun, 1893-06-08) reports a brief run on the First National Bank of Kaukauna that quickly died out and confidence was restored; no suspension or closure mentioned.

Events (3)

1. February 24, 1887 Chartered

Source: historical_nic

2. June 7, 1893 Run

Cause: Rumor Or Misinformation
Cause Details: Article gives no bank-specific adverse information; run was brief and apparently driven by rumors/nervousness and subsided quickly.
Newspaper Excerpt: A telephone message from Kaukauna this afternoon says that there was a run this morning on the First National Bank of Kaukauna. It quickly died out, however, and confidence is fully restored.
Source: newspapers

3. December 18, 1931 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. June 8, 1893 The Sun New York, NY

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Article Text

ELSEWHERE. FINANCIAL TROUBLES A Number of Failures, Mostly Among Small Banks, BEATRICE. Neb., June 7.-The State Bank at Cortland. this county. closed yesterday morning. It is a small institution. Deposits are about $18.000. PALOUSE. Wash.. June 7.-The First National Bank of this city closed its doors this morning. The suspension is due to the failure of the Bank of Spokane. The bank has a capital and surplus of $100,000 and deposits of about $30,000. WICHITA. Kan., June 7.-The Laclede and Third National banks of St. Louis and the Bank of Commerce of Kansas City. Mo., yesterday. sued out attachments for $50,000. $25,000. and $50,000 respectively against the Francis Whittaker & Sons' packing house. The Sheriff is in possession of the property. Late last evening W. N. Levy. President of the Wichita National Bank. was appointed receiver. A with is bond of $100,000. which he gave. representative of the firm said they did not owe anything in Kansas City. The plant here is valued at $200,000. most of which was donated to the firm by the city under contract to operate the plant a certain number of years The firm has done little business for some time on account of the high prices of hogs. and the Board of Trade was preparing to sue them for a breach of contract in failing to run the plant to its full capacity. the contract still being in force. BEDFORD, Ind.. June The community was startled when the Bedford Bank did not pen its doors yesterday morning. The President, Mr. Winstandler. soon appeared and explained that in consequence of recent heavy withdrawals of depos its the bank would be forced to suspend for a few days. It is one of the oldest banks of this section. NEW ALBANY. Ind.. June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford. Ind.. yesterday. which forced it to close. The principal stockholders in the two banks are T. S. Windslay of this city. W. S. Windslay of Bedford. and W.L. Breyfogle of Chicago. formerly of this city. Yesterday W. L. Breyfogle executed a deed of trust of $300.000 worth of unencumbered real estate in Chicago for the b. nefit of the depositors of the two banks here. It is said the assets are $212. 000. liabilities $100,000. and that depositors will be paid 100 cents on the dollar. deed of assignment was to-day mado to john H. stotzenberg. MILWAUKEE. June 7.-A telephone message from Kankauna this afternoon FRYS that there was a run this morning on the First National Bank of Kaukauna. It quickly died out. however. and confidence is fully restored. As far as can be ascertained the bankers in this city feel no uneasiness over the condition of the country banks. BOSTON. June -The liabilities of Henry A. Bond Co., dealers in hides and leather. who are financially embarrassed. are about $125, 000. The firm were on the paper of Richardson & Dennie. who lately assigned. CLEVELAND, June 7.-Arun was made on the St. Clair street branch of the East End Savings Bank Company. It began yesterday afternoon. and was opened this morning with increased vigor. Many depositors were promptly paid. Offers from other city banks were received. but refused by the officials. who said their bank was entirely solvent and able to care for itself. The depositors are confined almost exclusively to workingmen. No cause is assigned except rumors due to failures in other cities. MINNEAPOLIS June 7.-A rumor gained eirculation -day that two of the best-known elevator companies in the Northwest, the Northern Pacific and the Red River Valley. were temporarily embarrassed. and the subsequent events proved that although the crash is not absolute. the predicament in which these corporations find themselves is a serious one The situation is attributed to the prevailing uncertainty and the lack of confidence which is felt by the banks. The facts in the case as yet will not warrant the assertion that it is a business failure. although the statement comes direct from the general manager of the Northern Pacific Flovator Company that that corporation will ask for the appointment of a receiver. This means that the Red River Valley Company will do the same. as the capital interested in each is mostly mutual. The capital stock of the Northern Pacific Elevator Company is held mostly outside of the city. principally in Duluth. George Ruplev President of the Northern Parific Elevator Company. resides in the latter city. and until his arrival morrow no statement as to llabilities or Assets or the financial difficulties of the companies will be forthcoming. The capital stock of the Northern Pacific Elevator Company is $650,000 and the Red River Valley Company $250,000. The interests of both concerns are held largely by the same men.