22726. Germania Bank (Milwaukee, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 20, 1854
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini
Short Digest
701471d7

Response Measures

None

Description

The Nov. 20, 1854 Tribune item reports the Germania Bank of Milwaukee is reported suspended, but the notes are still taken. No run or reopening/receivership is described in the provided articles. Because the bank is explicitly reported suspended and no reopening is mentioned in the available snippets, I classify this as a suspension with permanent closure (suspension_closure), noting the evidence is limited to a single brief report and no cause or later outcome is provided.

Events (1)

1. November 20, 1854 Suspension
Cause Details
Article only reports suspension; no cause (rumor, correspondent failure, or government action) is specified.
Newspaper Excerpt
The Germania Bank of Milwaukee (Messrs. Geo. Papendick & Co.) is reported suspended, but the notes are still taken.
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, November 20, 1854

Click image to open full size in new tab

Article Text

$36,655,598 92 Total for the year The Knickerbocker Fire Insurance Company has declared a dividend of 10 P cent., payable Dec. 1. The Bartlett Mills has declared 4 P cent., and James Steam Mille 3 P cent., payable on demand. We have received a statement of the affairs of the Knickerbocker Life Insurance Company. It will be seen that the assets of the Company amount to $151,413 28, of which $122,500 are invested in first-class bonds and mortgages. The premiums received thus far are $51,937 39, while the losses amount to $4,204 17. The whole amount at risk is $1,247,204. The Company, it is stated, has no connection with the Bank of the same name, beyond having used it as a depository for its floating funds. The amount deposited there was less than $2,500, and that will be repaid to the Company in due time. In our notice of the quarterly statement of the Mutual Life Insurance Company of New-York the number of policies rumored to be running at 1st November was stated at 2,982, whereas it should have been 2,982. Another case of Suffolkcation has occurred, the Stark Bank at Bennington, Vt., having been thrown out at Boston. The notes of the Woodbury Bank, which were thrown out last week, are received at the Mercantile Bank in this City. The Germania Bank of Milwaukee (Messrs. Geo. Papendick & Co.) is reported suspended, but the notes are still taken. Beyond this we hear of no new disasters at the West. The creditors of Messrs. Ellis & Sturges and T.S. Goodman & Co., have petitioned the assignee of those firms to cancel the assignment and retransfer the propery,that those gentlemen may go on with the business of their respective houses, or wind up their affairs, as they think most judicious. The following statement of the affairs of Messrs. Goodman & Co. has been made: EXHIBIT OF ASSETS AND LIABILITIES.:


Article from The Caledonian, November 10, 1855

Click image to open full size in new tab

Article Text

ete the military humiliation of Rusom the 0 rening of the war she has USA "! plaaxa twod into It up 12. ! "чар u. .1 4 "4" - at Cetata or Alma. or attacking at 01 mitza or Inkermann. whether 112 a since. S t Silistr a or resisting t Sebastspol, every effort through 14 papuens used sky 1184 R pue 11 Turks. Sandinians. French and have all alike resisted her with the alt. It was in Asia alone she could nerself Routed armies and abunthies. abandoned by the cowardice DATE THAT +41 yo +1 apportunities fora Te Deum. But iv. these glories have been diamed. army that should have been all powt its previous successes had been i were reported. has been routed by i half starved men. whose fate had been supposed to be beyond redemplas. agention Worth thinking of. derstand that Gov. Crittenden. of . has been invited and has accepted ation of the Boston committee todereture upon slavery in that city ator Butler. of South Carolinia, and of Georgia, and Hillard. of Ala: Crittenden has accepted the invi114 SPM !!! guids anys en shv will not the people of the South apload Borson age nodn impertinent invitations. and invite Banks. Seward. Chase and others vay of thinking. to go to Richtaond ston, New Orleans. St. Louis or . to give them a talk about slavevould be capital was of resenting of these Boston abolitionists. and -noads poor 1: aroud plan iqnop ou becially it it was un lerstood that rer should bring his own tar and N F. Post. : Adams. the banker who was shot nan at Milwaukee the other day. IS he on umstances of the shooting follows: His banking rooms were occupied by the Germania Bank, iloded some months ago, leaving an SEM assett Thomy shugh stonsoda named Johan Ferrier. who hadeam Jo arpact ⑉41 "0 They "41 !!! : went to Mr. Adams banking house SUM oun цеш E to insuranced paper . it seems had been connected with ded concern. threatening to shoot -op 814 E " di Ir. Adan 5 hearing the threat start officer. when the German turned im and then walked quietly to the rse he sat down and awaited orders man thinks he did perfectly right, deplores the necessity that drove commission of the deed.