22768. South Side Savings Bank (Milwaukee, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 1, 1893*
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini
Short Digest
cb058fce

Response Measures

None

Description

Articles report the South Side Savings Bank failed in July 1893 and had a receiver (John Barth). Later (Nov 1899) court orders authorize settlements of large claims in the receivership. No contemporaneous run is described in these pieces; the bank is in receivership/failed and remains closed.

Events (3)
1. July 1, 1893* Receivership
Newspaper Excerpt
the bank which failed in July, 1893.
Source
newspapers
2. November 2, 1898 Other
Newspaper Excerpt
The State supreme court in the case of Receiver John Barth of the defunct Southside Saivings bank against John Graf ... The decision is favorable to the creditors of the bank which failed in July, 1893.
Source
newspapers
3. November 15, 1899 Other
Newspaper Excerpt
the Southside Savings Bank, which authorizes the settlement for $6,014 of claims against the Schlesingers reaching $501,166.
Source
newspapers

Newspaper Articles (10)
1. November 2, 1898 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, November 2, 1898

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Article Text

$100, 000 Property Involved. Milwaukee, Wis., November 1.-The State supreme court in the case of Receiver John Barth of the defunct Southside Saivings bank against John Graf and other bondsmen of the banker, John Kosting, has rendered a decision in favor of the plaintiff. The case involves over $100,000 in property of Banker Kpotting, which his bondsmen tried to dispose of but were restrained from doing so pending a decision of the court. The decision is favorable to the creditors of the bank which failed in July, 1893.

2. November 16, 1899 New-York Tribune New York, NY
Article from New-York Tribune, November 16, 1899

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Article Text

PLANKINTON BANK REVELATIONS. CLAIMS AGAINST THE SCHLESINGERS SETTLED FOR LITTLE OVER 1 PER CENT OF FACE VALUE. Milwaukee, Wis., Nov. 15.-Startling disclosures came out of the investigation of the Plankinton Bank assigneeship before Commissioner Schreiber to-day by the filing of three orders, made by Judge Johnson on April 8, authorizing the settlement of claims aggregating $990,483 for the sum of $5,942 in cash and a note for the same amount to run eight months. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankinton Bank assigneeship. authorizing William Plankinton to settle a claim for $123,878 against the Schlesingers for $1,486; the second, in the case of William H. Timlin against the Commercial Bank, of Milwaukee, authorizing the receiver, Frank H. Thompson, to accept a settlement of the bank's claim of $365,439 against the Schlesingers for $4,385, and the third and most important order filed is in the caso of the Southside Savings Bank, which authorizes the settlement for $6,014 or claims against the Schlesingers reaching $501,166. Similar statements are made in each case. The petitions set up the indebtedness and state that Ferdinand Schlesinger, William Schlesinger, Schlesinger Brothers and Adolph Schlesinger failed in 1893 for over $2,000,000. The petitioners believe that all the property of the Schlesingers has been used to pay their debts, and report that an offer in compromise has been made. The petitioners. owing to the fact that several other banks and other instltutions have agreed to accept a settlement, state that it would be wise to do so also.

3. November 16, 1899 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 16, 1899

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Article Text

MILWAUKEE SENSATION. Startling Disclosures in Plankinton Bank Inquiry. MILWAUKEE, Wis., Nov. 15.-Startling and sensational disclosures came out of the investigation of the Plankinton bank assigneeship before Commissioner Schreiber, this afternoon, by the attorneys for the bank's creditors. filing three orders made by Judge Johnson on April 8 last to the receivers of three institutions, formerly banks, auth. orizing the settlement of claims aggregating $990,283 for the sum of $5,942, and note for same amount. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankinton bank assigneeship, authorizing William Plankinton to settle a claim for $123,878 against the Schlesingers for $1,486; the second in the case of William against the Commercial bank, of Mtwaukee, au(horizing Receiver Frank H. Thompson to : accept a settlement of the bank's claim of $365,439 against the Schlesingers for $4,385, and the third and most stupendous order filed is in the case of the South Side Savings bank, which authorizes the settlement for $6,014 of claims against the Schlesingers reaching $551,166. The petitions set up the indebtedness and states that Ferdinand Schlesinger, W. H. Schlesinger. Schlesinger Bros., and Adolph Schlesinger failed in 1893 for upwards of $2,000,000. The petitioner believes that all the property of the Schlesingers has been used to pay their debts, and reports that an offer in compromise has been made. The petitioner, owing to the settlement, states that it would be wise to do so also.

4. November 16, 1899 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, November 16, 1899

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Article Text

STARTLING AND SENSATIONAL Orders by Judio Johnson in the Plansinton Bank Cases. MILWAUKEE, Nov. 16.-Startling and sensational disclosures came out of the investigation of the Plankinton bank assigneeship before Commissioner Schreiber by the attorneys for the bank's creditors. By the filing of three orders made by Judge Johnson on April 8 last, the receivers of three institutions, formerly banks, are authorized to settle claims aggregating $990,283 for the sum of $5,942. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankington bank assigneeship. authorizing William Plankington to settle a claim for $123.878 against the Schlessingers for $1.486: the second, in the case of William H. Timlin against against the Commercial Bank of Milwaukee, authorizing Receiver Frank H. Thompson to accept a settlement of the bank's claim of $565.439 against the Schlessingers for $4,385. and the third and most stupendous order filed is in the case of the South Side Savings bank. which authorizes the settlement for $6,014 of claims against the Schlessingers reaching $551,166. The petitions set up the indebtedness and state that Ferdinand Schlessinger, W. H. Schlessinger, Schlessinger Bros. and Adolph Schlessinger failed in 1893 for upwards of $2,000,000. The petition believes that all the property of the Schlessingers has been used to pay their debts and reports that an offer in compromise has been made. The petitioner, owing to the fact that other banks and institutions have agreed to accept a settlement, states that it would be wise to do so also.

5. November 16, 1899 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 16, 1899

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Article Text

INFINITESMAL SUM Allowed for Vast Claims of the Three Plankinton Banks. MILWAUKEE, Wis., Nov. 15.-Startling and sensational disclosures came out of the investigation of the Plankinton bank assigneeship to-day. By the filing of three orders, made by Judge Johnson, April 8 last, the receivers of three institutions, formerly banks, authorized the settlement of claims aggregating $990,483 for the sum of $5,942 at present and a note for the same amount, to run eight months. The withholding of the order astounded the attorneys in the case. The first order filed is in the Plankinton Bank assigneeship, authorizing William Plankinton to settle a claim for $123,878 against the Schleisingers for $1,486; the second in the case of William H. Timlin against the Commercial Bank of Milwaukee, authorizing Receiver Frank H. Thompson to accept a settlement of the bank's claim of $365,439 against the Schleisingers for $4,385, and the third and most stupendous order filed is in the case of the South-side Savings Bank, which authorizes the settlement, for $6,014, of claims against the Schleisingers, reaching $501,166.

6. November 16, 1899 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, November 16, 1899

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Article Text

SOME STARTLING DISCLOSURES. Investigation of Plankinton Bank Assigneeship Brings Them Out. Milwaukee, Wis., Nov. 16.-Sensational disclosures came out of the investigation of the Plankinton Bank assigneeship before Court Commissioner Schreiber Wednesday afternoon by the attorneys for the bank's creditors. By filing three orders made by Judge Johnson on April 8 the receivers of three institutions, formerly banks, authorized a settlement of the claims aggregating $990,483 for $5,492. at present, and a note for the same amount to run eight months. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankinton Bank assignéeship authorizing William Plankinton to settle the claim for $123,878 against the Schlesingers for $1,486; the second in the case of William H. Timlin against the Commercial Bank of Milwaukee authorizing Receiver Thompson to accept a settlement of the bank's claim of $365,439 against the Schlesingers for $4,385; the third order is filed in the case of the South Side Savings Bank, which authorizes a settlement for $6,014 of the claims against the Schlesingers reaching $501,166. Similar statements are made in each case. The petitions set up indebtedness to the estate of Ferdinand Schlesinger, William Schlesinger, Schlesinger Bros. and Adolph Schlesinger who failed in 1893 for upwards of $2,000,000. The petitioner believes that all the property of the Schlesingers has been used to pay their debts and reports an offer to compromise has been made. The petitioner, owing to the fact that several other banks and other institutions agreed to accept a settlement, states it would be wise to do so also.

7. November 16, 1899 The Princeton Union Princeton, MN
Article from The Princeton Union, November 16, 1899

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Article Text

STARTLING AND SENSATIONAL. Orders by Judge Johnson in the Plankinton Bank Cases. MILWAUKEE, Nov. 16.-Startling and sensational disclosures came out of the investigation of the Plankinton bank assigneeship before Commissioner Schreiber by the attorneys for the bank's creditors. By the filing of three orders made by Judge Johnson on April 8 last, the receivers of three institutions, formerly banks, are authorized to settle claims aggregating $990,288 for the sum of $5,942. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankington bank assigneeship, authorizing William Plankington to settle a claim for $123.878 against the Schlessingers for $1,486: the second, in the case of William H. Timlin against against the Commercial Bank of Milwaukee, authorizing Receiver Frank H. Thompson to accept a settlement of the bank's claim of $365,489 against the Schlessingers for $4,385, and the third and most stupendous order filed is in the case of the South Side Savings bank, which authorizes the settlement for $6,014 of claims against the Schlessingers reaching $551,166. The petitions set up the indebtedness and state that Ferdinand Schlessinger. W. H. Schlessinger, Schlessinger Bros and Adolph Schlessinger failed in 1893 for upwards of $2,000,000. The petition believes that all the property of the Schlessingers has been used to pay their debts and reports that an offer in compromise has been made. The petitioner, owing to the fact that other banks and institutions have agreed to accept a settlement, states that it would be wise to do so also.

8. November 17, 1899 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, November 17, 1899

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Article Text

STARTLING AND SENSATIONAL Orders by Judge Johnson in the Plank= inton Bank Cases. MILWAUKEE. Nov. 16.-Startling and sensational disclosures came out of the investigation of the Plankinton bank assigneeship before Commissioner Schreiber by the attorneys for the bank's creditors. By the filing of three orders made by Judge Johnson on April 6 last, the receivers of three institutions, formerly banks, are authorized to settle claims aggregating $990,283 for the sum of $5,942. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankington bank assigneeship, authorizing William Plankington to settle a claim for $123.878 against the Schlessingers for $1,486; the second, in the case of William H. Timlin against against the Commercial Bank of Milwaukee, authorizing Receiver Frank H. Thompson to accept a settlement of the bank's claim of $365,489 against the Schlessingers for $4,385, and the third and most stupendous order filed is in the case of the South Side Savings bank. which authorizes the settlement for $6,014 of claims against the Schlessingers reaching $551,166. The petitions set up the indebtedness and state that Ferdinand Schlessinger, W. H. Schlessinger, Schlessinger Bros.. and Adolph Schlessinger failed in 1893 for upwards of $2,000,000. The petition believes that all the property of the Schlessingers has been used to pay their debts and reports that an offer in compromise has been made. The petitioner, owing to the fact that other banks and institutions have agreed to accept a settlement, states that it would be wise to do so also.

9. November 20, 1899 Vilas County News Eagle River, WI
Article from Vilas County News, November 20, 1899

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SETTLE BIG CLAIMS NEARLY A MILLION SETTLED FOR A PALTRY SUM. MILWAUKEE BANK CASES Startling Orders Signed Last April by Judge Johnson not Filed Until Now -The Plankinton, Commercial and South Side Bank Assets Involved in the Embarrassment. Milwaukee, Nov. 16.-Sensational disclosures came out of the investigation of the Plankinton bank assigneeship before Court Commissioner Schreiber Wednesday afternoon by attorneys for the bank's creditors. By filing three orders made by Judge Johnson April 8 receivers of three institutions, formerly banks, authorized the settlement claims aggregating $990,483 for $5,942, at present and a note for the same amount to run eight months. The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankinton bank assigneeship authorizing William Plankinton to settle a claim for $123,878 against the Schlesingers for $1,486; the second in the case, William H. Timlin against the Commercial Bank of Milwaukee authorizing Reciever Thompson to accept of settlement of a claim of $365,439 against the Schlesingers for $4,385; the third filed in the case of the Southside Savings bank, which authorizes a settlement for $6,014 of claims against the Schlesingers reaching $501,166. Similiar statements are made in each case. Petitions set up indebtedness and state that Ferdinand Schlesinger, William Schlesinger, Schlesinger Bros. and Adolph Schiesinger failed in 1893 for upwards of $2,000,000. The petitioner believes ail the property of the Schlesingers have been used to pay their debts and reports an offer in compromise has been made.

10. November 22, 1899 Virginian-Pilot Norfolk, VA
Article from Virginian-Pilot, November 22, 1899

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How some millionaires are made may be learned from the revelations made in connection with the settlement of the affairs of the Plankinton Bank, Milwaukee, Wisconsin. It is said the judge having the matter in hand secretly authorized the settlement of claims aggregating $990,483 for the sum of $5,942 in cash and a note for the same amount to run eight months. That is not all, however, and further details are given, as follows: "The withholding of the orders astounded the attorneys in the case. The first order filed is in the Plankinton Bank assigneeship, authorizing William Plankinton to settle a claim for $123,S78 against the Schlesingers for $1,486; the second, in the case of William H. Timlin, against the Commercial Bank, of Milwaukee, authorizing the receiver, Frank H. Thompson, to accept a settlement of the bank's claim of $365,439 against the Schlesingers for $4,385, and the third and most important order filed is in the case of the Southside Savings Bank, which authorizes the settlement for $6,014 of claims against the Schlesingers reaching $501,166."