22692. State Bank (Mauston, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 29, 1904
Location
Mauston, Wisconsin (43.797, -90.077)

Metadata

Model
gpt-5-mini
Short Digest
99611eee

Response Measures

None

Description

Multiple contemporary reports (late July 1904) state the State Bank at Mauston, WI was taken into charge by the state bank examiner and its doors closed due to excessive large loans to single institutions. Articles note no immediate application for a receiver until a movement to interest new capital is made, so final disposition is not reported here; I select suspension_closure because the bank was closed by the examiner and described as in financial trouble (no evidence in the provided items of reopening).

Events (1)
1. July 29, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Making of too many large loans to single institutions (poor loan concentration / imprudent lending).
Newspaper Excerpt
State Bank Examiner M. C. Bergh has taken charge of the State bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors.
Source
newspapers

Newspaper Articles (12)
1. July 29, 1904 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, July 29, 1904

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CLOSED BY EXAMINER. State Bank at Mauston, Wis., in Financial Trouble. Madison, Wis., July 29.-State Bank Examiner M. C. Bergh has taken charge of the State bank at Mauston, Wis., and closed its doors: The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors. No application will be made for a receiver until a movement to interest new capital is made. The making of too many large loans to single institutions is said to be the cause of the bank's embarrassment. J. T. Heath is the principal stockholder.

2. July 29, 1904 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 29, 1904

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CLOSED BY EXAMINER. State Bank at Mauston, Wis., in Financial Trouble. Madison, Wis., July 29.-State Bank Examiner M. C. Bergh has taken charge of the State bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors. No application will be made for a receiver until a movement to interest new capital is made. The making of too many large loans to single institutions is said to be the cause of the bank's embarrassment. J. T. Heath is the principal stockholder.

3. July 29, 1904 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, July 29, 1904

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Northwest News WISCONSIN BANK IN HANDS OF EXAMINER Large Loans to Single Institutions Given as Cause for Failure MADISON, Wis., July 28.-State Bank Examiner M.C. Bergh today took charge of the State bank at Mauston, Wis.; and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors. No application will be made for a receiver until a movement to interest new capital is made. The making of too many large loans to single institutions is said to be the cause of the bank's embarrassment. J. T. Heath is the pricipal stockholder.

4. July 30, 1904 Morris Tribune Morris, MN
Article from Morris Tribune, July 30, 1904

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CLOSED BY EXAMINER. State Bank at Mauston, Wis., in Financial Trouble. Madison, Wis., July 29.-State Bank Examiner M. C. Bergh has taken charge of the State bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors. No application will be made for a receiver until a movement to interest new capital is made. The making of too many large loans to single institutions is said to be the cause of the bank's embarrassment. J. T. Heath is the principal stockholder.

5. August 3, 1904 Willmar Tribune Willmar, MN
Article from Willmar Tribune, August 3, 1904

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WEST AND SOUTH. It was announced that the battleship Louisiana. now building at Newport News, will be launched August 27, and the cruiser Milwaukee September 10. Managers of packing houses, fearing rioting. appealed for militia at Sioux City, Ia., and asked police aid at St. Joseph, Mo. Deputies were called for at Omaha. By unanimous vote Thomas Taggart, of Indiana, was elected chairman of the democratic national committee. Urey Woodson, of Kentucky, was elected secretary. Spreading rails caused a freight wreck on the Southern railway at Pattons mill. four miles west of Jonesboro, Tenn., and five persons were injured, two seriously. E.B. Shaw, a national bank examiner, has been appointed receiver of the First national bank, of Grinnell, Ia., whose doors were closed by the directors. At Ludington, Mich., George Stanley, of Cadillac, was nominated for congressman by the democrats of the Ninth Michigan district. At St. Joseph, Mo., Hon. Cyrus P. Walbridge, of St. Louis, was nominated for governor of Missouri on the first ballot taken by the state republican convention. A total of 79 passengers and 840 employes of railroads were killed, and 1,590 passengers and 10,854 employes injured in accidents on railroads in the United States during the quarter ended March 31, 1904. Forty freight handlers of the Chicago Junction railway joined the strike in Chicago, and switchmen may go out next. Negotiations for. peace were finally abandoned. In South Omaha and Sioux City sheriffs took charge when the police were powerless to check rioting due to the strike. Every employe at the world's fair has suffered a reduction in salary. The prohibition convention of Wisconsin, in session at Madison, nominated a state ticket headed by W. H. Clark, of Ripon, for governor. James Frames, of Chicago, fireman, was killed and four trainmen seriously injured in the wreck of a north-bound Chicago & Eastern Illinois passenger train at Hoopeston, Ill. The train ran into an open switch. John Harper's residence at New Haven, in Hamilton county, O., was burned and Mr. Harper and wife, both over 80 years old, were burned to death. At Nashville, Tenn., Louis Voetzel, department manager of a tobacco company, died of injuries received in being run over by a carriage. M. C. Bergh, state bank examiner, took charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors.

6. August 4, 1904 Oxford Eagle Oxford, MS
Article from Oxford Eagle, August 4, 1904

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NEWS AND NOTES. A Summary of Important Events. PERSONAL AND GENERAL Roar-Admiral R. G. Taylor, of the United States navy, who commanded Indiana at the battle of Santiago, the died at Copper Cliff general hospital, of periin Sudbury, Ont., on the 26th, tonitis. Ex-Senator Davis, democratic vicepresidential candidate, emphatically denies the report that he ls to marry of the widow of Dr. John Reynolds, Shepardstown, W. Va. In a rear-end collision between Islpassenger trains on the Rock 65 two railroad at Jeffriesburg, Mo., 28th, miles and west of St. Louis, on the faman was killed, one probably one tally injured and several others slightly injured. On the 28th. Byron P. Humphrey Lake traveling passenger agent of the railroad, Shore & Michigan Southern City, with headquarters at Kansas at Mo., was found dead in his room Neb. the Hotel Lincoln, in Lincoln, State Bank Examiner Bergh, on bank the 28th, took charge of the state doors. Mouston, Wis., and closed its stated at liabilities of the bank are $79, The to be $137,901, of which amount 704 is due depositors. David Bennett Hill and Charles F. Murphy, New York democratic leaders, at a said to have become reconciled comare visit of the Democratic national the mittee and Tammany leaders to on home of Judge Parker, at Esopus, the 27th. Albert Boenert, Theodore Styner and St. Phil G. Erb, doing business Missouri in under the title of the Louis Rental Co., were arrested, on the 27th with United States officers, charged to deusing by the mails in an attempt fraud. For the killing of his aged father-in- kitchen law, August Raphael, in the their home at Tenth and Geyer ave of St. Louis, on March 16, penalty Henry Heusack nue, will pay the extreme the St. of the law in the yard of unless the Louis jail on September 6, resupreme court reverses the verdict cently returned against him. The report that Port Arthur had fallen recurred go frequently on that the 29th as to give rise to the belief and was truth in the rumors there over the great Russian Gibraltar the of that the east was flying the flag of there mikado. Whether true or not, three had been severe fighting for both on land and sea. days, The German foreign office, on the to stated that Russia had agreed and 29th, fully indemnify German shippers losses sustheir consignees for any ships tained by the seizures of German Heinand the detention of the Prinz rich's mail. Investigation of the assassination of Minister Von Plehve, in St. Peters- conhas disclosed a wholesale burg, to assassinate ministers, gov- who spiracy errors and other high officials stand in the way of governmental reform. Capt. Van Schaick, Federal Steam- InInspector Fleming and former the boat Lundberg were indicted by spector federal grand jury in New York the in connection with the disaster to 15, steamer General Slocum, on lost. June when nearly 1.000 lives were George F. Golden, president of the Chicago teamsters' union, was arrest- Aftthe 29th. for intimidating ed, many on heated conferences between GoldInspector er Hunt and labor chiefs, was released on bail. The arrest caused en great indignation and excite ment among the strikers. The Pacific Mail Co.'s steamer Ko which. it was rumored. had been captured rea, by the Russian Vladivostok destinasquadron. has arrived at her tion safely. After indicting 24 bookmakers. the Chicago grand jury ordered Sheriff to Barrett to take immediate steps stop all gambling at the race tracks in Cook county C. R. Ball. attorney for William Church, recently convicted at Warren- foster Mo., of the murder of his colton. parents, Mr. and Mrs. Yeater, is lecting evidence to show that young for Church is mentally irresponsible his actions. In the British house of commons, the on the 28th. Premier Balfour said incidents acute stage of the Red sea volhad passed. and that the Russian withMeet vessels would be unteer He laid down the British view isdrawn. that no belligerent warship could from the Black sea. sue The assassination of M Von Plehve, St. Petersburg, has created a panic in officials, some of whom fear claim a among outbreak of nihilism. Some fresh the war with Japan is insigniftcart that compared to the perll nearer home. Special dispatches from Shanghai that Yokohama, of the 29th, said was and a general attack on Port Arthur in progress. London Times' correspondent The Tokio renews the assertion that the Russian at army in Manchuria is using dum-dum bullets. large sticks of dynamite and percussion caps were two Fe station at El Paso, under Eight dozen the Santa found on the 27th. The explosives Tex., were so arranged that is is thought off any heavy jar would have set them On the 27th, Engineer Bud Durban fatally injured, and two men by named was Inman were seriously hurt Inman the explosion of a boller at Bros. sawmill, near Minnowford, Tenn. The mill was demolished. Charlee Kratz, the former St. Louis councilman, indicted in connection with the Suburban railway deal, is reported seriously ill at his home

7. August 4, 1904 River Falls Journal River Falls, WI
Article from River Falls Journal, August 4, 1904

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WEST AND SOUTH. It was announced that the battleship Louisiana, now building at Newport News, will be launched August 27, and the cruiser Milwaukee September 10. Managers of packing houses, fearing rioting, appealed for militia at Sioux City, Ia., and asked police aid at St. Joseph, Mo. Deputies were called for at Omaha. By unanimous vote Thomas Taggart, of Indiana, was elected chairman of the democratic national committee. Urey Woodson, of Kentucky, was elected secretary. Spreading rails caused a freight wreck on the Southern railway at Pattons mill. four miles west of Jonesboro, Tenn., and five persons were injured, two seriously. E. B. Shaw, a national bank examiner, has been appointed receiver of the First national bank, of Grinnell, Ia., whose doors were closed by the directors. At Ludington, Mich., George Stanley, of Cadillac, was nominated for congressman by the democrats of the Ninth Michigan district. At St. Joseph, Mo., Hon. Cyrus P. Walbridge, of St. Louis, was nominated for governor of Missouri on the first ballot taken by the state republican convention. A total of 79 passengers and 840 employes of railroads were killed, and 1,590 passengers and 10,854 employes injured in accidents on railroads in the United States during the quarter ended March 31, 1904. Forty freight handlers of the Chicago Junction railway joined the strike in Chicago, and switchmen may go out next. Negotiations for peace were finally abandoned. In South Omaha and Sioux City sheriffs took charge when the police were powerless to check rioting due to the strike. Every employe at the world's fair has suffered a reduction in salary. The prohibition convention of Wisconsin, in session at Madison, nominated a state ticket headed by W. H. Clark, of Ripon, for governor. James Frames, of Chicago, fireman, was killed and four trainmen seriously injured in the wreck of a north-bound Chicago & Eastern Illinois passenger train at Hoopeston, Ill. The train ran into an open switch. John Harper's residence at New Haven, in Hamilton county, O., was burned and Mr. Harper and wife, both over 80 years old, were burned to death. At Nashville, Tenn., Louis Voetzel, department manager of a tobacco company, died of injuries received in being run over by a carriage. M. C. Bergh, state bank examiner, took charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors.

8. August 4, 1904 The Sauk Centre Herald Sauk Centre, MN
Article from The Sauk Centre Herald, August 4, 1904

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WEST AND SOUTH. It was announced that the battleship Louisiana, now building at Newport News, will be launched August 27, and the cruiser Milwaukee September 10. Managers of packing houses, fearing rioting, appealed for militia at Sioux City, Ia., and asked police aid at St. Joseph, Mo. Deputies were called for at Omaha. By unanimous vote Thomas Taggart, of Indiana, was elected chairman of the democratic national committee. Urey Woodson, of Kentucky, was elected secretary. Spreading rails caused a freight wreck on the Southern railway at Pattons mill. four miles west of Jonesboro, Tenn, and five persons were injured, two seriously. E. B. Shaw, a national bank examiner, has been appointed receiver of the First national bank, of Grinnell, Ia., whose doors were closed by the directors. At Ludington, Mich., George Stanley, of Cadillac, was nominated for congressman by the democrats of the Ninth Michigan district. At St. Joseph, Mo., Hon. Cyrus P. Walbridge, of St. Louis, was nominated for governor of Missouri on the first ballot taken by the state republican convention. A total of 79 passengers and 840 employes of railroads were killed, and 1,590 passengers and 10,854 employes injured in accidents on railroads in the United States during the quarter ended March 31, 1904. Forty freight handlers of the Chicago Junction railway joined the strike in Chicago, and switchmen may go out next. Negotiations for peace were finally abandoned. In South Omaha and Sioux City sheriffs took charge when the police were powerless to check rioting due to the strike. Every employe at the world's fair has suffered a reduction in salary. The prohibition convention of Wisconsin, in session at Madison, nominated a state ticket headed by W. H. Clark, of Ripon, for governor. James Frames, of Chicago, fireman, was killed and four trainmen seriously injured in the wreck of a north-bound Chicago & Eastern Illinois passenger train at Hoopeston, Ill. The train ran into an open switch. John Harper's residence at New Haven, in Hamilton county, O., was burned and Mr. Harper and wife, both over 80 years old, were burned to death. At Nashville, Tenn., Louis Voetzel, department manager of a tobacco company, died of injuries received in being run over by a carriage. M. C. Bergh, state bank examiner, took charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due denositors,

9. August 5, 1904 Highland Recorder Monterey, VA
Article from Highland Recorder, August 5, 1904

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NEWS IN SHORT ORDEP. The Latest Happenings Condensed for Rapid Reading. Domestic, The large independent operators of the Pocahontas coal region have entered into an agreement to raise the price of soft coal. Rear Admiral George A. Converse was appointed chief of the Bureau of Navigation, succeeding the late Admiral Taylor. The peace prospects at the stockyards' strike received a black eye in the arrest of President Golden, of the Teamsters' Union. The managers of the St. Louis Exposition have decided not to pay the expenses of the foreign jurors to the fair. Receiver W. G. Taefel, of the New York Savings Bank, was found drowned in a branch of the Licking River. E. J. Gildersleeve, a ticket broker, was fined for dealing in nontransferable World's Fair railroad tickets. A dozen persons were injured in a collision between a motor train and a trolley car near Coney Island. Minister Leishman cabled the State Department that he had along interview with the Sultan. One man was killed and several injured in a head-on collision near Sharon, Pa. Custer Gardner, a white man, was hanged at Munfordville, Ky., for the murder, in November last, of S. D. Osborn and his son David. The house of John Harper, at New Haven, O., burned, and Mr. Harper and his wife, both over 80 years old, were burned to death. The remains of Rear Admiral Henry C. Taylor were buried with military honors at the National Cemetery at Arlington. State Bank Examiner Bergh, of Wisconsin, took charge of the state bank at Mauston, Wis., and closed its doors. The Republican State Convention of Missouri nominated Cyrus P. Walbridge, of St. Louis, for governor. a William Hoyt hitched himself to sulky and pulled his wife from Moline, III., to the World's Fair in St. Louis. Private Joseph J. Hammot, of the Eighteenth Regiment, U. S. A., stationed at Fort Schuyler, was murdered. Ambassadors Bellamy Storer and Charlemayne Tower arrived at New York on the steamer Deutchland. President Roosevelt and his family returned to Washington, where they will remain for a while. Former Secretary of War Root has declined to become a candidate for governor of New York. Michael Davis was arrested in Brownsville, Pa., on the charge of killing his mother. Heathfield Washburn, grain dealer of Buffalo, committed suicide. The accident bulletin of the Interstate Commerce Commission shows a decrease in the casualties on railroads since the use of air brakes on freight cars. Judge Platt, of the United States Circuit Court in Harford. Ct., signed the decree of foreclosure of the mortgage given the Ship Trust. George F. Hammond confessed in Spokane, Wash.. his part in the holding up of a Northern Pacific passenger train near Bearmouth, Mon. The will of Abner McKinley, filed in Somerset, Pa., leaves the bulk of his estate to his widow and his daughter, Mrs. McKinley Bear. M. Marshall Langhorne, of Virginia, was appointed consul to Chungking, China, and Frank S. Hannah, of Illinois, to Madeburg, Germany. Salvatore Brandaleone and Giovanni Giordano, two Italians, were convicted in New York for counterfeiting. They confessed. John Rogers, the sculptor who designed the famous groups of statuary bearing his name, died in New Haven, Ct. A fire broke out in the lard refinery of Swift & Co., in the stockyards in Chicago. It was not of incendiary origin. Jealous John Anderson, of Pueblo, Col., killed his sweetheart, Mrs. J. J. Appley, and then shot and killed himself. The Lancaster Bank of Lancaster, O., closed its doors in cosequence of a run, and a receiver was appointed. The National Association of Railway Postal Clerks elected delegates to the national convention to be held in Boston in September. Senator Davis emphatically denies the report that he is to marry the widow of Dr. John Reynolds, of Shepherdstown, W. Va. The record in the case of James B. Howard against the State of Kentucky was filed in the United States Supreme Court. The resignation of Charles M. Schwab as a director of the United States Steel Corporation was accepted. Thomas Taggart, of Indiana, was elected chairman of the Democratic National Committee. Rev. Robert Perine, dean of All Saints' Cathedral, at Spokane, Wash., died at Newark. Foreign. The recovery of Lego, alias Porozeff, the assassin of the Russian Minister of the Interior von Plehve is believed to be assured. The officials declare that the murder was a part

10. August 5, 1904 The Ely Miner Ely, MN
Article from The Ely Miner, August 5, 1904

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Twelve business houses were destroyed by fire at Mora, Minn., causing a loss estimated at about $70,000. Freight-handlers of the Chicago Junction railway joined the strike and switchmen may go out next. Negotiations for peace were finally abandoned. J. J. Ryan, arrested at Brighton Beach on an embezzlemnt charge, will return to St. Louis without protest. Sheriffs took charge in South Omaha and Sioux City, where the police were powerless to check rioting due to the strike. Explosion of a dynamite bomb or infernal machine wrecked a New York grocery store, whose proprietor had received letter threatening him with death unless he gave $2,000 to the writer. The Saengerbund of the Northwest opened its twenty-first saengerfest in Milwaukee, Wis. Fireman James Frames, of Chicago, was killed and four trainmen seriously injured in the wreck of a north-bound Chicago & Eastern Illinois passenger train at Hoopeston, Ill. The train ran into an open switch. At Elizabeth, N. J., during a heavy rain Patrick Meckeesey, 60 years old, employed by the city, was drowned in a sewer which he was engaged in cleaning. The house of John Harper, at New Haven, in Hamilton county, O., burned. and Mr. Harper and wife, both over 80 years old, were burned to death. The coal pocket at the Portsmouth (N. H.) navy yard was completely destroyed by fire, together with 6,000 tons of coal, causing an estimated loss of $125,000. The cause of the fire is believed to have been spontaneous combustion. Louis Voetzel, department manager of a tobacco company, died at Nashville, Tenn., of injuries received in being run over by a carriage. State Bank Examiner M. C. Bergh took charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due de. positors. S All employes at the world's fair have e suffered a reduction in salaries. S A strike of 75,000 anthracite coal g miners is expected in Pennsylvania. e The big land drawing was begun before a vast crowd in Chamberlain, S.D., for homesteads in the Rosebud reservation. and a Nebraskan drew the lucky No. 1.

11. August 6, 1904 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, August 6, 1904

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Twelve business houses were destroyed by fire at Mora, Minn., causing a loss estimated at about $70,000. Freight-handlers of the Chicago Junction railway joined the strike and switchmen may go out next. Negotiations for peace were finally abandoned. J. J. Ryan, arrested at Brighton Beach on an embezzlemnt charge, will return to St. Louis without protest. Sheriffs took charge in South Omaha and Sioux City, where the police were powerless to check rioting due to the strike. Explosion of a dynamite bomb or infernal machine wrecked a New York grocery store, whose proprietor had received letter threatening him with death unless he gave $2,000 to the writer. The Saengerbund of the Northwest opened its twenty-first saengerfest in Milwaukee, Wis. Fireman James Frames, of Chicago, was killed and four trainmen seriously injured in the wrock of a north-bound Chicago & Eastern Illinois passenger train at Hoopeston, III. The train ran into an open switch. At Elizabeth, N. J., during a heavy rain Patrick Meckeesey, 60 years old, employed by the city, was drowned in a sewer which he was engaged in cleaning. The house of John Harper, at New Haven, in Hamilton county, O., burned, and Mr. Harper and wife, both over 80 years old, were burned to death. The coal pocket at the Portsmouth (N. H.) navy yard was completely destroyed by fire, together with 6,000 tons of coal, causing an estimated loss of $125,000. The cause of the fire is believed to have been spontaneous combustion. Louis Voetzel, department manager of a tobacco company, died at Nashville, Tenn., of injuries received in being run over by a carriage. State Bank Examiner M. C. Bergh took charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are stated to be $137,901, of which amount $79,704 is due depositors. All employes at the world's fair have suffered a reduction in salaries. A strike of 75,000 anthracite coal miners is expected in Pennsylvania. The big land drawing was begun before a vast crowd in Chamberlain, S. D., for homesteads in the Rosebud reservation, and a Nebraskan drew the lucky No. 1.

12. August 6, 1904 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, August 6, 1904

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MAUSTON BANK CLOSES DOORS State Examiner Takes Charge of Wisconsin Institution. Madison, Wis., special: State Bank Examiner N. C. Bergh has taken charge of the state bank at Mauston, Wis., and closed its doors. The liabilities of the bank are $137,901, of which amount $79,704 is due depositors. No application will be made for a receiver until a movement to interest new capital is made. The making of too many large loans to single institutions is said to be the cause of the bank's embarrassment. J. T. Heath is the principal stockholder.