22737. Milwaukee Bank (Milwaukee, WI)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
November 7, 1868
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini
Short Digest
fa2fba21

Response Measures

Full suspension

Description

Multiple contemporary papers report a run on the Milwaukee Bank beginning on Saturday and that the (named in some dispatches as the) Wisconsin State Bank has suspended with 'liabilities heavy.' The run is reported to have started the Saturday immediately before the Nov. 9/10 dispatches (i.e., Nov 7, 1868). There is no mention in these articles of reopening, receivership, or permanent closure, so the final outcome is unclear; I classify as run_suspension_unsure. The reports use both Milwaukee Bank and Wisconsin State Bank—I keep the provided bank name but note the alternate naming in sources. No specific remedial measures are described.

Events (2)

1. November 7, 1868 Run
Cause
Bank Specific Adverse Info
Cause Details
Contemporaneous reports link heavy liabilities and bank distress as motivating withdrawals (liabilities said to be heavy).
Newspaper Excerpt
A run on the Milwaukee Bank commenced on Saturday.
Source
newspapers
2. November 9, 1868 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported suspension with heavy liabilities; articles present suspension as consequence of run and heavy liabilities rather than government action or rumor.
Newspaper Excerpt
The Wisconsin State Bank has suspended; liabilities heavy.
Source
newspapers

Newspaper Articles (10)

Article from The Portland Daily Press, November 10, 1868

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WISCONSIN. ATROCIOUS MURDER. MADISON, Nov. 9.-A German named Nicholas Surion, living in the country west of this city, was found in the road early yesterday morning a few miles out of the city, with his skull broken and otherwise beaten. His pockets had been rifled, and he is supposed to have been murdered and robbed. A run on the Milwaukee Bank commenced on Saturday. BANK FAILURE. The Wisconsin State Bank has suspended; liabilities heavy.


Article from New Orleans Republican, November 10, 1868

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NEW ORLEANS. TUESDAY EVENING, NOVEMBER 10, 1868. and a run on the Milwaukee Bank comAUCTION SALES. BY TELECRAPH. menced on Sunday. ALUABLE RESIDENCE IN THE FIRST ENGLAND-Declslen that Common Law District.-Succession of F. O. Woodman. Does Not Confer Suffrage on Women. LATEST NEWS FROM WASHINGTON. LONDON, November 10.-The Common Y CHARLES E. FORTIER, AUO> tioneer-Office No. 48 Exchange Alley.-SATURPleas, full bench, decided that common law AY, November 21, 1868, at 12 o'clock M., at don't confer suffrage on women. e Merchants' and Auctioneers' Exchange, Royal Sir William Mansfield will command the General Grant at His Post. reet, between Canal and Custombouse streets, by rtue of an order from the Honorable the Second troops in Ireland. strict Court for the parish of Orleans, dated CUBA-Destruction of Provisions by ptember 16, 1868, the following described properviz: Revolutionists-Jnabllity to Harvest FURTHER SOUTHERN ELECTION RETURNS A CERTAIN LOT OF GROUND, with the build. Crops-Blsurbances Confined to the and improvements thereon, situated in the First strict of this city, in the square bounded by Pry. Eastern District-The Rest of the nia and Euterpe streets, Prytania Walk and ColiIsland Tranquil. um Walk, as per plan of Pecquet & Crampon, POLITICAL MATTERS IN FLORIDA rveyors, dated October 10, 1865, and deposited in HAVANA, November 10.-An expedition e office of Hugh Madden, late a notary in this from Tumas after provisions returned unty; said lot measuring 153 feet 8 inches front on successful, the revolutionists having depliseum Walk, 45 feet 10 inches front on Prytania The alk, 130 feet il inches in depth on the side line stroyed everything. Impeachment Imbroglio. ward Euterpe street, and 138 feet 6 inches 4 lines Planters in a large portion of the eastern the side line toward Prytania street. districts are unable to harvest crops, and a Terms-Uash in United States treasury notes. Act of sale before John F. Coffey, notary public, famire is feared. The provisional governthe expense of the purchaser, including United LATEST NEWS FROM EUROPE. ment has authorized Lersundi to use his ates Internal Revenue stamps. ci9 31 no7 14 20 own discretion in using the death penalty for political offenses. The disturbances are ESPARTERO TO BE KING OF SPAIN, confined to the eastern district; the rest of TOCFSSION OF MRS. JACOB S. WILLIAMS, the island is tranquil. No. 32,238. Kiver Intelligence. Y S. QUINAULT, AUCTIONEERThe Warin South America. SOUTHWEST PASS, November 10, 11 A. M. Office Exchange Alley and Bienville street.TURDAY, twenty first of November, 1868, will be Barometer, 30; weather calm and cloudy. d at twelve o'clock M., at the Merchants' and Arrived: Schooner Challenger, Josephs, actioneers' Exchange, Royal street, between INTERESTING MISCELLANEOUS NEWS. eight days from Ruatan, fruit to Edward mmon and Canal streets, by virtue of an orr from the Honorable the Second District Court Pillsbury. No departures. the parish of Orleans. dated September 15, 1868VICKSBURG, November 10.-Passed up: TWO LOTS OF GROUND, situated in the First MARKETS, RIVER NEWs, ETC. McGill, at nine o'clock last night, and Atstrict of this city in square bounded by Clairne, Derbiny, Oypress and Hevia streets, desiglantic and barges at eleven this morning. ted by Nos. i and 2, adjoining each other, and Down: Pargoud, at eleven this morning. easuring each 26 feet front on Claiborne street by River falling. Morning Dispatches to the Associated Press 0 feet deep, between parallel lines, American easure. Foreign Markets: ANOTHER LOT OF GROUND, situated in the LIVERPOOL, November 10.-Cotton quiet. me district, in square bounded by Hevia, Dergny, Cypress and Roman streets, designated by WASHINGTON. Sales 10,000 bales. Breadstuffs and provi5, measuring 27 feet 4 lines front on Hevia street, sions unchanged. feet front on Uppress street, by 98 feet 8 inches 7 General Grant at His Post-Little Pro. LONDON, November 10, Noon.-Consols les on the adjaining line of lot No. 4, and 95 feet 3 ches 5 lines on the opposite line of lot No 6. gress in Alabama Claims-No Hevenue 943. Bonds 73]. Sugar flat, both on the See plans which will be exhibited at the Exchange spot and afloat. Stamps for Imported Tobacco. ew days before the day of sale. Foreign Markets. Terms-One-third cash, and the balance at one WASHINGTON, November -General Grant ar's credit for notes secured by mortgage, and LIVERPOOL, November 10, Afternoon.is attending to the routine of his duty. aring eight per cent interest per annum from date. Cotton easier; middling uplands, 11@111; Many visitors call, but General Graut don't Acts of sale before A. E. Bienvenue. Notary Pub at the expense of purchasers, including United middling Orleans, 114@11 Provisions seem to encourage conversation regarding ates stamps, as well as the taxes for the year 1888. his future action. quiet. Lard steady. oc20 30 no5 12 20 HAVRE, November 10.-Cotton on the spot, Only two Congressmen and three Senators are here. 138; afloat, 125. WENTY-ONE LOTS AND IMPROVEMENTS Domestic Markets. Commissioner Rollins decides that liquor IN THE THIRD DISTRICT. dealers, in making returns. must draw off NEW YORK, November 10.-Money active into regular barrels what may be in their No. 32,423. at 7 per cent. Sterling 109g. Gold 135 g. stand casks, for proper gauging and stampFive-twenties of 1091. North Carolina's HH RAYKIN LEE vs. SUCCESSION OF ing. 67; do. new 658. Virginia ex coupons 55g; State Department advices indicate but BERNARD DE MARIGNY. do. new 56. Tennessee ex-coupons 694; do. little real progress in the Alabama claims. new 69% SALE TO EFFECT A PARTITION. Secretary Seward, it seems, adds a condiFlour a shade firmer. Wheat held 2@3c. Y THOMAS & SPEAR-PLACIDE J. tion to Mr. Johuson's proposed settlement, higher without movement. Corn unchanged. and there is a dead lock D Spear, Auctioneer-Sales rooms, 36 Bienvil e Pork nominally $28. Lard dull; steam 16 reet.-SATURDAY, twenty-eighth November, The Dyer ordnance court, comprising @17c. Cotton dull; middling uplands 24.1 68, at twelve o'clock M., will be sold at auction at Generals Leroy, Hancock, Thomas and e Merchants' and Auctioneers' Exchange, by vir-


Article from Nashville Union and American, November 10, 1868

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WISCONSIN. Suspension of the State Bank. MILWAUKEE, Nov. 9.-A run on the Milwaukee Bank commenced on Saturday. The Milwaukee State Bank suspended. The liabilities are said to be heavy.


Article from The National Republican, November 10, 1868

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Bank Suspension. MILWAUKEE, Nov. 9.-A run on the Mi!waukee bank commenced on Saturday. The Wisconsin State bank has suspended.


Article from Public Ledger, November 10, 1868

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THE NEWS. Gov. Clayton, of Arkansas, sent three companies of militia to "look for Baker." He has ordered six thousand cavalry to be raised, and serious trouble is apprehended. Prairie, Ouachita, White, Independence, Jefferson, Hempstead, Woodruff. Johnson, Little River, Dallas, Hot Spring and Deshea counties give an aggregate Democratic majority of 1203 80 far as ascertained, some prec nets not being yet in. It is thought that Cameron is elected by a small majority. The Legislature assembled at Nashvilleyesterday, but without a quorum. The Nashville Republican claims the election of Tillman (Republican) in the Fourth Congressional district by 200 majority. Full returns had not been received. A contest between Tillman and Sheafe is anticipated. Speaker Colfax is in Washington. Also Senators Wade, Morgan, Cameron and Corbett. Congress will be declared adjourned to-day. The Secretary will order an additional amount of three per cents issued terelieve the money market if necessary. proclamation is made of a treaty with the Indians in Kansas, providing that a portion of them shall from that State to reservaI tions south in the Indian country, while the other portion will become citizens. The Indians are to be duly compensated. Generals Thomas, Hancock and Terry, comprising the Court of Inquiry for the trial of General Dyer, Chief of Ordnance, are at Washington- A Washington special says Secretary Seward has sent an agent to St. Domingo to purchase Solana. The United States frigate Franklin, with Admiral Farragut, arrived from European waters. In the case of Miss Lydia Becker, the Court of Common Pleas, in London, has rendered a decision that the common law of England gives women no right to vote. The New York Times' Madrid correspondent writesthat the crown will probably be offered to Espartes. The decree removing Lersundi from the Captain Generalship of Cuba, and appointing Gen. Dulce, was officially announced Saturday. A popular demonstration took place at Cork yesterday on the occasion of the funeral of James Mountain, who is supposed to have been prominent in the Fenian organization. A procession of over six thousand men and women followed his remains to the cemetery. Mr. Mountain formerly resided in the United States, and was a delegate to the Fenian Convention held at Chicago in November, 1863. The allied fleet and army was before Ascension, capital of Paraguay. News of the surrender of the was hourly expected at Rio. It was reported that the United States squadren under Rear-Admiral Davis was going up Paraguay river. From Havana the Diaro publishes the following intelligence: Col. Land, who left the town of Tamos on an expedition in the country in search of provisions and supplies, has returned without success, the insurgents having destroyed everything within their reach. The Diaro says many bands of robbers are committing many acts of depredation, acting under the pretense of being revolutionists. The planters in a large portion of the eastern district ef the islaad are consequently unable to harvest their crops. In California, Sargeant, Republican, is elected to Congress in the second district by a majority of over 3000. The third district is still in doubt, but the chances are favorable for Hartson, Republican. Fifteen counties give General Grant 5000 majority. There are yet nine counties to hear from. The Charleston Daily News has complete returns from nearly every county in South Carelina, giving a Republican majority of 9900, a Demecratic gain of 33,500 since the election for a new Constitution in April. General W. B. Reade, an eminent Louisville lawyer, committed suicide yesterday by shooting himself through the head. The Wisconsin State Bank has suspended. A run on the Milwaukee bank on Saturday. At Tallahassee, Fla., nothing important has transpired since the report of Saturday in regard to the impeachment of the Governor or concerning the Governor's suit against Lieut.Governor Gleason and Secretary Alden. There are no indications of disturbance of the public peace. About one-half of the arms thrown from the cars were recovered in good order and are now in the possession of the troops. The Governor of Georgia offers a reward of five thousand dollars for the arrest and conviction of the persons who caused the death of Albert C. Ruffin, Sheriff of Richmond county, killed in the election at Augusta.


Article from The Evening Telegraph, November 10, 1868

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Domestic Affairs: -Gold closed yesterday at 1343 -An earthquake shock was felt at Victoria on the 4th instant -Snow fell yesterday in Central and Western Kansas. -A run on the Milwaukee Bank commenced on Saturday. -The late vote of the city of San Francisco is to be recounted. The internal revenue receipts yesterday amounted to $489,929. -Admiral Farragut arrived at New York yesterday in the Franklin. -Mrs. Maria Bitter. aged 78, was burned to death in Baltimore on Sunday. -Two dealers in counterfeit money were arrested at St. Louis on Sunday. -The Californians bet very heavily on the result of the election in their State. -The Wisconsin State Bank has suspended. Liabilities are said to be heavy. Allen Kramer, banker, of Pittsburg, died in that city on Saturday, or apoplexy. -The Legislature of Tennessee assembled yesterday. Neither house had a quorum. -General Kilpatrick had interviews yesterday with President Johnson and General Grant. -It is reported that Secretary Seward is rearranging terms for the purchase of the Bay of Samana. -General Grant IS hard at work clearing up the business which has accumulated during his absence. -James L. White, a prominent member of the Masonic order, died suddenly last evening, in New York. -The Court of Inquiry to investigate the case of Chief of Ordnance Dyer assembled at Washington yesterday. -A. B. Readan, a prominent lawyer of Louisville, committed suicide yesterday by shooting himself through the head. -Returns from Oregon, received at San Francisco, give grant the State by over five hundred majority, with nine counties to hear from. -$372,000 in treasure was shipped from San Francisco for Panama yesterday. $191,500 of this amount is for the Atlantic States, the rest for England. -A train on the New York Central Railroad was thrown from the track near Buffalo, yesterday morning, by running over a pair of horses. But little damage was done. -The meeting of Congress to-day will be a mere formality. Immediately on assembling both houses will be adjourned until December by their presiding officers. Very few Senators or Representatives will be present. Foreign Affairs. LONDON, Nov. 9.-The Court of Common Pleas has rendered a decision, in which all the judges concur, that common law gives women no right to vote. It is reported that Sir William Mansfield, Commander-in-Chief of the forces in India, will sueceed Lord Straithnaira at the head of the troops in Ireland: The Pcst regrets the postponement of negotiations for a new reciprocity treaty between the Dominion power and the United States. It regards the conclusion of such a treaty as the only sedative for discontent in Nova Scotia. LONDON, Nov. 9.-John S. Clarke, the American comedian, played at the Strand Theatre on Friday evening last, before the Queen, the Prince and Princess of Wales, Reverdy Johnson, and other notables. The Times' Madrid correspondence writes to that journal that the cro wn of -pain will probably be offered to Espartero. The decree removing Lersundi from the office of Captain-General of Cuba, and appointing General Dulee in his place, has been officially published. SOUTHAMPTON, Nov. 9.-The Hammonia sailed hence for New York on Saturday last at 4.15 P. M. CORK, Nov. 9.-A great popular demonstration took place here yesterday. on the occasion of the funeral of James Mountain, who is supposed to have held a prominent position in the Fenian organization. Over six thousand men and women followed the remains to the cemetery. Mountain formerly resided in the United States, and was a delegate to the Fenian Convention held at Chicago in November, 1863. LISBON, Nov. 9.-The mail steamer for Southampton has arrived, from Rio Janeiro the 12th ultimo. The allied fleet and army were before Ascension, and news of the surrender of the city is hourly expected at Rio. It was reported that the United States squadron, under Bear-Admiral Davis, was going up Paraguay river to Ascension. MADRID, Nov. 9.-Marsbal Serrano has nominated twenty-five Councillors of State. Justices of the Peace have been reappointed in all the provinces of Spain. Popular demonstrations have been made in the Balearic and Canary Islands in favor of religious toleration. and a petition has been sent hence praying the Government to immediately issue a decree establishing freedom of public worship. Havana, Nov. 9.-The Diario publishes the following:-Colonel Lono, who left the town of Tunas on an expedition into the country in search of provisions and supplies, has returned without success, the insurgents baving destroyed everything of the kind within their reach. The Diario savs many bands of robbers are com.


Article from The New York Herald, November 10, 1868

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WISCONSIN. Rua on a Bank-Suspension of the State Bank. MiLWAUKER, Nov. 9, 1868. A run on the Milwaukee Bank commenced on Saturday. The Wisconsin State Bank has suspended. The liabilities are eaid to be heavy,


Article from New-York Tribune, November 10, 1868

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SUSPENSION OF THE WISCONSIN STATE BANK. MILWAUKEE, Nov. 9.-A ran was made upon the Milwaukee Bank ou Saturday. The Wisconsin State Bu ok has suspended. The liabilities are said to be heavy.


Article from The New Orleans Crescent, November 11, 1868

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FROM WISCONSIN. Suspension of State Bank. MILWAUKEE, WIS.. Nov. 10.-The Wisconsin State Bank has suspended, and a run on the Milwaukee Bank commenced on Sunday.


Article from The Athens Post, November 13, 1868

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Bank Failures. MILWAÚKEE, Wis., Novembor 9.-The run on Milwankee Bank commenced on Saturday. The Wisconsin State Bank suspended; the liabilities is said to be heavy.