22837. Bank of Plainfield (Plainfield, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 12, 1904
Location
Plainfield, Wisconsin (44.214, -89.492)

Metadata

Model
gpt-5-mini
Short Digest
b1b7c82e

Response Measures

None

Description

The Bank of Plainfield was closed by the Wisconsin State Commissioner of Banking (notice dated Oct 12, 1904) after injudicious investments in commercial paper of failed machine firms. A receiver (Dr. C. H. Frost) was appointed Oct 21, 1904. There is no description of a depositor run in the articles; closure appears to be by state action following insolvency, so classified as suspension leading to permanent closure/receivership.

Events (2)

1. October 12, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Injudicious investment in commercial paper of large machine firms which recently failed, leading to insolvency and closure by state commissioner.
Newspaper Excerpt
This bank is in the hands of the Commissioner of Banking of the State of Wisconsin. By order of the Board of Directors. Dated October 12, 1904.
Source
newspapers
2. October 21, 1904 Receivership
Newspaper Excerpt
Tuesday Judge Webb appointed Dr. C. H. Frost receiver of the Bank of Plainfield. The total deposits when the bank closed were $60,000, of which 32 per cent in cash was on hand.
Source
newspapers

Newspaper Articles (12)

Article from Wood County Reporter, October 18, 1904

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Article Text

BANK OF PLAINFIELD CLOSED State Commissioner of Banking, M. C. Bergh, of Madison, arrived in the city Tuesday evening, and on Wednesday morning commenced to inspect the business of the Bank of Plainfield. At four o'clock in the afternoon the public were very much surprised to find the following notice posted on the front door: "This bank is in the hands of the Commissioner of Banking of the State of Wisconsin. By order of the Board of Directors. Dated October 12, 1904." It is reported that the cause of the closing is injudicious investment in the commercial paper of some large machine firms which recently failed. The bank is capitalized at $5,000, and has a deposit of $60,000. While we are not authorized to make this statement, we believe depositors will receive all their money if they will be patient and give the bank a chance to recover. All people of Plainfield haye the utmost sympathy for Mr. Drake and his family in this failure. Milo C. Hagan, of Madison, has been appointed by Mr. Bergh to take charge of the business until a receiver can be appointed by the court.


Article from Wood County Reporter, October 21, 1904

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Article Text

No. 54. tf Mrs. Mike Bogoger entertained four little girls in honor of her little daughter's fourth birthday yesterday afternoon. The little youngster had a fine time. The seven training schools of the state of which Wood county is proud to be one, have taken the gcld medal at the state fair, for the best work accomplished. FOR SALE-Saloon, well located, good business. Houses and lots in city, 40 acre farm near city limits. Bauman & Davis. 12-4t Miss Fanny McAllister, of Omro, assistant district inspector of the Woman's Relief Corps, was in thecity Wednesday inspecting the Grand Rapids' order. The Grand Rapids' Lumber Company have now four camps in Dancy, and are employing in all over 400 men, SO Tim Daly said when he came here last Saturday. Don't forget that, with every $1.00 purchase at the Grand Rapids Tea & Coffee Company's store you get a five piece Japanese mat assortment free. Miss Lucie Passineau, who has been acting as trained nurse at the Soldier's home in Waupaca, has come home to stay, as she finds employment in the hospital in this city. Father Blakesley of this city went to Cranmoor last Wednesday evening to hold services in the south school house, A large attendance shows how well they enjoyed his sermon. Will trade my three well improved quarters of land in Swift county, Minnesota, for a stock of merchandise, Address Box, 94, Danvers, Minn. 14-4t P. J. Starr, after visiting with his relatives in this city for a short time, has gone to Star Lake where he has accepted a job for the winter. He left for that place the first of the week. Mrs. F. W. Young returned last Wednesday from Park Falls, where she has been visiting her daughter, Mrs. M. Hesser and family. She reports an enjoyable visit and her daughter's family all well. After November 15 the physicians of this city will charge extra for calls between S. p. m. and 7, a. m. Their prices for this time will be from $2 to 21-4t $5.00. Tuesday Judge Webb appointed Dr. C. H. Frost receiver of the Bank of Plainfield. The total deposits when the bank closed were $60,000, of which 32 per cent in cash was on hand. Dr. Frost was the heaviest depositor. For eruptions, sores, pimples, kidney and liver troubles, constipation, indigestion, use Hollister's Rocky Mountain Tea. Carries new life to every part of the body. Tea or tablet form. 35 cents. John E. Daly. Mrs. John McCaon, who took her departure from our city several weeks ago will return next week, and there are but few people in Grand Rapids who will receive a warmer welcome from a large circle of friends than Mrs. McCann. FOR SALE-A black pony, six years old. Strong and active, with harness also one good two year colt, also one cow six years old. For terms and particulars inquire of E. P. 21-2t. Arpin. Miss Rose Ratelle, does not take kindly to the statement made in the REPORTER and other Grand Rapids papers that she was recently married to Henry Gouchee, in Tacoma, Wash., some time in the summer. We are sorry on Miss Ratelle's account. to be compelled to state that the report is entirely untrue. The rumage sale held by St. Katherines Guild last Friday and Saturday, was a success from every standpoint. These ladies are workers, and they do nothing by halves. Whether their aim be a social event, or a financial scheme they are quite sure to bring success out of it. Their sale closed Saturday night. About $80 were taken in, at a clear protit of about $70 to the organization. They are all well satisfied with their efforts. The New Lisbon High school team will play here tomorrow. This game promises to be one of the best of the season. The Athletic Association is badly in need of funds and hope that all who attend this game and the following games here this season will pay their way. Tickets 15 and 25 cents. J. C. Lindquist, of Rio, Wis., a member of Co. G. 12th Regiment of Wisconsin Volunteers and his sister, Mrs. Lottie Bender from Eyerett, Washington, were the guests of M. S. Pratt and family the fore part of this week. Mr. Lindquist and his sister came to Wood county with their parents in 1853 and settled upon the farm in what is now known as the town of Sigel. Mrs. Bender bad not been in Grand Rapids for 36 years and the improvements had been so many


Article from The Virginia Enterprise, December 30, 1904

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Article Text

Past Y ear in Review Chronological Record of Most Important Happenings at Home and Abroad During 1904 Akron 5-Citizens' bank. McLeod, Okla (0.) Savings bank Chicago Women's Russo-Japanese War Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (Ia.) Exchange bank 6-Diplomatic relations severed by Buck Grove (Ia.) bank. of Japan. 18-McCoy's bank, Rensselaer, Ind. 8-Japan wins first May 12-Farmers' State bank, Nardin, naval engagement. Okla. Issues official 24-First national bank of Cape May, N. statement setting J., closed by special order. forth position Jul. 27-First Nat. bank, Saratoga, N. Y Sec'y Hay sends Grinnel (Ia.) First Nat. bank. noteinviting 28-Mauston (Wis.) bank. France, England Oct. 11-Bank of Plainfield, Wis., closed by and Germany to state commissioner. join U. S. in perNov. 11-Federal Stock and Grain Co., Bosserving China's inton, assigns, liabilities $150,000. tegrity. 17-Because of run, Berlin, Wis., bank closes. 16-Russians capture 23-Janney Co., Ottumwa, Ia., goes to reNewchwa n g.... ceiver. Russian cruiser 25-Davenport, Wash., national bank deBoyarin blown up. clared insolvent. 197 of crew lost 28-Gen. Coxey. of Mount Vernon, O., bank600 Russians frozen rupt. Liabilities, $287,000. to death crossing Dec. 8-C. H. Slack & Co., prominent ChiLake Baikal. cago grocers. Liabilities, $167,000; assets, 17-Japan agrees to $100,000. RSHAL OYAMA. Hay note.


Article from The Broad Ax, December 31, 1904

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5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (la.) bank. 18-McCoy's bank. Rensselaer, Ind. May Okla. 12-Farmers State bank, Nardin, 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnei (la.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plaintield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150.000. 17-Because of run. Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, la., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank. Conneaut, and Marine bank, Conneaut Harbor, 0., suspend. 22-Dedham savings bank, Dedham, la., closed.


Article from Iron County Register, January 5, 1905

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Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000. W. B. Mack, New York. 5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (Ia.) bank. 18-McCoy's bank, Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnel (Ia.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from Perrysburg Journal, January 6, 1905

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5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank. Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (Ia.) bank. 18-McCoy's bank, Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnel (Ia.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey, of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from The Bourbon News, January 6, 1905

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5-Citizens: bank, McLeod, Okia Akron (0.) Savings bank Chicago Women's Business club. 5-Wanzer & Co., Chicago grain merchants. Dow City (Ia.) Exchange bank Buck Grove (Ia.) bank. 18-McCoy's bank, Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnel (Ia.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey, of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from Middlebury Register, January 6, 1905

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5-Citizens' bank. McLeod, Okla Akron (O.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank.... Buck Grove (Ia.) bank. 18-McCoy's bank, Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank. Saratoga, N. Y.... Grinnel (Ta.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston. assigns, liabilities $150.000. 17-Because of run. Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey, of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H, Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank. Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from The L'anse Sentinel, January 7, 1905

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Past Y ear in Review Chronological Record of Most Important Happenings at Home and Abroad During 1904 R 5-Citizens' bank, McLeod, Okla....Akron (0.) Savings bank Chicago Women's Russe-Japanese War Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank eb. 6-Diplomatic relations severed by Buck Grove (Ia.) bank. ction of Japan. 18-McCoy's bank, Rensselaer, Ind. 8-Japan wins first May 12-Farmers' State bank, Nardin, naval engagement. Okla. Issues official 24-First national bank of Cape May, N. statement setting J., closed by special order. forth position... Jul. 27-First Nat. bank, Saratoga, N. Y.... Sec'y Hay sends Grinnel (Ia.) First Nat. bank, note inviting 28-Mauston (Wis.) bank. France, England Oct. 11-Bank of Plainfield, Wis., closed by and Germany to state commissioner. join U. S. in perNov. 11-Federal Stock and Grain Co., Bosserving China's inton, assigns, liabilities $150.000. tegrity. 17-Because of run, Beriin, Wis., bank closes, 16-Russians capture 23-Janney Co., Ottumwa, Ia., goes to reNewchwan g.... ceiver. Russian cruiser 25-Davenport, Wash, national bank deBoyarin blown up. clared insolvent. 197 of crew lost 28-Gen. Coxey, of Mount Vernon, O., bank600 Russians frozen rupt. Liabilities, $287,000. to death crossing Dec. 8-C. H. Slack & Co., prominent ChiLake Baikal. cago grocers. Liabilities, $167,000; assets, 17-Japan agrees to $100,000. RSHAL OYAMA. Hay note. 20-First national bank, Conneaut, and Ma18-Russia issues rine bank, Conneaut Harbor, O., suspend. oclamation declaring she was unpre22-Dedham savings bank, Dedham, Ia., ared for war. Charges Japan with closed. eachery.


Article from Willmar Tribune, January 11, 1905

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Past Y ear in Review Chronological Record of Most Important Happenings at Home and Abroad During 1904 Apr. 4-Capital Nat. bank, Guthrie, Okla.: $1,033,000 W. B. Mack. New York. Russo-Japanese War 5-Citizens' bank. McLood, Okla Akron (O.) Savings bank Chicago Women's Business club. 6-Diplomatic relations severed by of Japan. 6-Wanzer & Co., Chicago grain merchants. S-Japan wins first Dow City (la.) Exchange bank Buck Grove (la.) bank. naval engagement. Issues official 18-McCoy's bank, Rensselaer, Ind. statement setting May 12-Farmers' State bank, Nardin, Okla. forth position Sec'y Hay sends 24-First national bank of Cape May, N. J., closed by special order. note inviting France, England Jul. 27-First Nat. bank, Saratoga, N. Y Grinnel (la.) First Nat. bank. and Germany to 28-Mauston (Wis.) bank. join U. S. in perserving China's inOct. 11-Bank of Plainfield, Wis., closed by state commissioner. tegrity. 16-Russians capture Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. Newchwan 8.... Russian cruiser 17-Because of run, Beriin, Wis., bank closes. Boyarin blown up. 23-Janney Co., Ottumwa, Ia., goes to receiver. 197 of crew lost 600 Russians frozen 25-Davenport, Wash., national bank declared insolvent. to death crossing Lake Baikal. 2S-Gen. Coxey, of Mount Vernon, O., bankrupt. Liabilities, $287,000. 17-Japan agrees to RSHAL OYAMA. Hay note. Dec. 8-C. H. Slack & Co., prominent Chi18-Russia issues cago grocers. Liabilities, $167,000; assets, $100,000. ociamation declaring she was unpre20-First national bank. Conneaut, and Mafor war. Charges Japan with eachery. rine bank, Conneaut Harbor, O., suspend. ,000 Russians drowned by breaking ??-Dedham savings bank, Dedham, Ia., closed. ough ice on Lake' Balkal. prolimin bettles 0.500


Article from The Donaldsonville Chief, January 21, 1905

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Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York. 5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. G-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (Ta.) bank. 18-McCoy's bank. Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y Grinnel (la.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis, closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Beriin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey, of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20+First national bank. Conneaut, and Marine bank, Conneaut Harbor, 0., suspend. 22-Dedham savings bank, Dedham, Ia., closed.


Article from St. Tammany Farmer, February 4, 1905

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Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York. 5-Citizens' bank, McLeod, Okla Akron (O.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (la.) bank. 18-McCoy's bank. Rensselaer, Ind. May Okla. 12-Farmers' State bank, Nardin, 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y Grinnel (la.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run. Berlin, Wis., bank closes: 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities. $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, la., closed.