Mineral Point Bank - Mineral Point, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 28, 1916
Location: Mineral Point, Wisconsin (42.860, -90.183)

Metadata

Model: gpt-5-mini
Short Digest: 6c03725e

Response Measures

None

Description

Article (1916-07-28) refers to the 'defunct Mineral Point Bank' and criticizes the Government Bank Receiver and a Trust Company for handling the closing up of the bank's affairs. No run is described; a receiver was involved, indicating a closure by government action.

Events (2)

1. July 28, 1916 Other

Newspaper Excerpt: Article commentary criticizing handling of closing by Government Bank Receiver and a Trust Company; indicates bank is defunct.
Source: newspapers

2. July 28, 1916 Receivership

Newspaper Excerpt: the manner in which they handled the affairs of the defunct Mineral Point Bank and Government Bank Receiver and closing up the affairs of this bank.
Source: newspapers

Newspaper Articles (1)

1. July 28, 1916 The Wisconsin Tobacco Reporter Edgerton, WI

Article from The Wisconsin Tobacco Reporter, July 28, 1916

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Article Text

THE Tribune at Mineral Point for some years has bitterly assailed the Government Bank Receiver and a certain Trust Company for the manner in which they handled the affairs of the defunct Mineral Point Bank. Now if The Tribune was really sincere, why did it not take the matter up with our U. S. Senator at Washington? Imagine what would have happened if John C. Spooner was Senator and complaint was made to him that certain matters were not properly handled by the Government in closing up the affairs of this bank. You know and we know that Senator Spooner would have raised h-e-l-l and would have obtained relief at once. There would have been a Congressional investigation and all red tape would have been brushed aside. "God's patient poor" have been patient and at the same time Senator LaFollette instead of being at his desk at Washington looking after the people's interests, has for months at a time been back in Wisconsin chasing up and down the state denouncing Governor Philipp and everyone else who had independence enough to think for himself. As to the Trust Company that came under the wrath of Brother Bennett, from the report of the State Banking Commissioner it appears that Robert M. LaFollette was a stockholder and one of the owners of this concern during the very period that the Allen matter was in litigation. (See Vol. 15, page 517, Rep. Com. of. Banking.) We wonder what The Tribune would have had to say if Gov. Philipp held the stock instead of Senator LaFollette?-Dodgeville Chronicle.