22852. Bank of Prairie du Chien (Prairie du Chien, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 18, 1867
Location
Prairie du Chien, Wisconsin (43.052, -91.141)

Metadata

Model
gpt-5-mini
Short Digest
4e2fcca0

Response Measures

None

Description

Newspapers report the Bank of Prairie du Chien 'failed' in April 1867. Later 1868 items show P.S. Bibbs and J.H. Jewell acting as receivers and sheriff's sales to satisfy judgments, indicating the bank was closed and placed in receivership and assets liquidated. The sources do not clearly describe an organized depositor run; failure appears due to insolvency/small capital (private bank).

Events (4)

1. April 18, 1867 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank reported to have failed; described as a private institution with small capital (insolvency/weak capital).
Newspaper Excerpt
The Prairie du Chien Union says that the Bank at that place has failed. It created quite an excitement among the holders of certificates of deposit.
Source
newspapers
2. April 24, 1867 Other
Newspaper Excerpt
The failure of the Bank of Prairie Du Chien, Wis., is announced. It was a private institution, with a small capital.
Source
newspapers
3. July 13, 1868 Receivership
Newspaper Excerpt
P. S. Bibbs and J. H. Jewell, Receivers of the Bank of Prairie du Chien ... Dated Sheriff's Office, Lancaster, Wis. July 13, '68.
Source
newspapers
4. August 26, 1868 Other
Newspaper Excerpt
Sheriff will on the 26th day of August, 1868 ... offer for sale and will sell at public auction ... Said sale will be made to satisfy said judgment, costs and interest and the costs accruing.
Source
newspapers

Newspaper Articles (5)

Article from Dodgeville Chronicle, April 18, 1867

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Article Text

The Prairie du Chien Union says that the Bank at that place has failed. It created quite an excitement among the holders of certificates of deposit. Numerous deposits had been made just before the doors were closed, and these generally by laborers and a class of people who can illy afford to sustain the loss, There is a faint hope that something may be done to save the honor of the establishment and of the parties who run it.


Article from Memphis Daily Appeal, April 24, 1867

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Article Text

The Germania Banking company, of which M. Rosenstack, Esq., is president, on the corner of South Court and Second streets, is now in operation, and are prepared to transact business of every kind usually done in a banking house. The receipts of the government from duties on imports at the below named ports during the week ending April 13th were as follows: $2,170,876 8 New York Boston 329,711 63 71,096.73 Baltimore 204,116 61 Philadelphia 86,481 New Orleans, from April 1to6 112,701 San Francisco, from March to 16 The above returns show a slight dew crease, as compared with the returns of the previous week, at all the ports, with the exception of Boston, where they have slightly increased The treasurer of the defunct Stock Exchange of Chicago refuses to give up some four or five thousand dollars alleged to be in his hands and to belong to the Exchange, and an appeal is to be made to the courts. The failure of the Bank of Prairie Du Chien, Wis., is announced. It was a private institution, with a small capital. There is now very little fractional currency in circulation below the denomination of dimes, and, as the coinage of the new five-cent piece goes on actively, they will soon be entirely can celed. Congress should authorize the coinage of dimes. This is a kind of currency that would meet with no opy Ation; for no matter what opinion'people may entertain regarding the curtailment of greenbacks, they unanimously indorse the supersedure of the abominable fractional currency. The clerk of San Francisco county, Cal., has received a package of depositions, to be used in a suit wherein the Bank of Hindostan, China and Japan are plaintiffs, and C. Koopmanschap et al. defendants, which has traveled from Hong Kong through Asia, and all the way across the European and American continents to San Francisco. The package is crowded with vernmentstamps, amounting in value to the sum of £2 4s. 4d. sterling. The New York Herald makes the announcement startling running that riot " the in rail- the road companies are of are the up buying plentitude up their legislature, influence. buying They the aldermen, buying up parks and squares, and, in short, propose to buy up everyHerald body and everything. Is the Included ? The following important decision has been made relative to the application of the banks for return of taxes upon surplus, claimed to have been erroneously paid by them OFFICE INTERNAL REVENUE, Washington, April 1867. Sir: I have examined a number of claims for refunded taxes claimed to have been erroneously paid by the national banks. These claims cannot be allowed as they stand at present, for the following reasons: As the status of 1864 and 1865 were construed by this office, as the amount of undistributed earnings which was employed by the bank as capital was held to be liable to the monthly tax of 1-24th of one per cent. and as also liable to be included in the amount upon which the license of the bank was to be determined, a Certain suits having been instiuted in the northern district of New York, it was held by Judge Nelson that this construction was erroneous, and that the banks were liable only upon the chartered capital. This decision was believed by this office, as well as by the secretary, to be erroneous, and it was for some time in contemplation to take the question before the supreme court for ret vision. But it was subsequently decided by the secretary not to take this course, r but to yield this point to the banks, so be and this was far affected, as future assessments disposition, satisfactory were it to to bey lieved, would be the banks, and as the nature of & comprothat I am not at liberty to it taxes were prior e to in the mise, refund July, so any 1800, which accordance paid with t construction then maintained by this office. Several of the claims herewith r returned purport to be claims of national y banks for the refunding of the monthly 1, tax upon a portion of their capital. e these taxes were actually paid by na1, tional banks, and to this office, the of to as h tax upon claims the section monthly are entitled consideration, capital, had application imposed by 110 has never to national banks. Very respectfully, h THOMASHARLAND, Deputy Com :


Article from Grant County Herald, July 14, 1868

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Article Text

Sheriffs Sale.-Conger. TATE OF WISCONSIN, 88 Grant County, P. S. Bibbs and J. II. Jewell, Receivers of the Bank of Prairie du Chien, vs. John N. Conger. By Virtue of an execution issued out of the Circuit Court of Crawford county, Wis., upon a judgment rendered in said court on the 20th day of November, 1867, a transcript of which judgment was docketed in said Grant county, Wis., on the 1st day of June, 1868, in favor of said plaintiffs, and against def't, to me directed and delivered, and for want of sufficient goods and chattels of the said defen dant whereon to levy, 1 have by direction of plaintiffs levied upon all the right, title and interest which the said defendant had on the 1st day of June 1868, or has since acquired in and to the following described real ests te, to wit: Fractional section lot in Section fifteen (15) Town six (6) Range six (6) containing nearly 175 acres in Wisconsin Bottom. And the north west quarter of north east quarter of section thirteen (13) Town eight (8) range one, (1) and the north half of south west quarter of section fourteen (14) Town eight (8) Range one (1) and the south east quarter of the south west quarter of section fourteen (14) Town eight range one (1) and the north east quarter of the north east quarter of section twenty-three (23) Town eight (8) Range one (1)-ail west of the Fourth Principal Meridian in Grant County, State of Wisconsin, which said real estate I will on the 20th day of August, 1868, at the hour of 1 o'clock in the afternoon of said day, offer for sale and will sell at, ublic auction to the highest bidder for cash, at the front door of of the Court House, in the village of Lancaster, Grant County Wisconsin. Said sale will be made to satisfy said judgment, costs and interest and the eosts accruing. JAMES P. COX, Sheriff. Dated Sheriff's Office, Lancaster, Wis. July 13, '68. 6w6


Article from Grant County Herald, July 21, 1868

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Article Text

# Sheriffs Sale.-Conger. STATE OF WISCONSIN, Grant County, } SS P. S. Bibbs and J. H. Jewell, Receivers of the Bank of Prairie du Chien, vs. John N. Conger. By Virtue of an execution issued out of the Circuit Court of Crawford county, Wis., upon a judgment rendered in said court on the 20th day of November, 1867, a transcript of which judgment was docketed in said Grant county, Wis., on the 1st day of June, 1868, in favor of said plaintiffs, and against def't, to me directed ana delivered, and for want of sufficient goods and chattels of the said defendant whereon to levy, 1 have by direction of plaintiffs levied upon all the right, title and interest which the said defendant had on the 1st day of June 1868, or has since acquired in and to the following described real estate, to wit: Fractional section lot in Section fifteen (15) Town six (6) Range six (6) containing nearly 175 acres in Wisconsin Bottom. And the north west quarter of north east quarter of section thirteen (13) Town eight (8) range one, (1) and the north half of south west quarter of section fourteen (14) Town eight (8) Range one (1) and the south east quarter of the south west quarter of section fourteen (14) Town eight range one (1) and the north east quarter of the north east quarter of section twenty-three (23) Town eight (8) Range one (1)-all west of the Fourth Principal Meridian in Grant County, State of Wisconsin, which said real estate I will on the 26th day of August, 1868, at the hour of 1 o'clock in the afternoon of said day, offer for sale and will sell at public auction to the highest bidder for cash, at the front door of of the Court House, in the village of Lancaster, Grant County Wisconsin. Said sale will be made to satisfy said judgment, costs and interest and the costs accruing. JAMES P. COX, Sheriff. Dated Sheriff's Office, Lancaster, Wis. July 13, '68. 6w6


Article from Grant County Herald, July 28, 1868

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Article Text

Sheriffs Sale.-Conger. TATE OF WISCONSIN, SS Grant County, P. S. Bibbs and J. H. Jewell, Receivers of the Bank of Prairie du Chien, vs. John N. Conger By Virtue of an execution issued out of the Circuit Court of Crawford county, Wis., upon 9 judgment rendered in said court on the 20th day of November, 1867, a transcript of which judgment was docketed in said Grant county, Wis., on the 1st day of June, 1868, in favor of said plaintiffs, and against def t, to me directed ana delivered, and for want of sufficient goods and chattels of the said defen dant whereon to levy, 1 have by direction of plaintiffs levied upon all the right, title and interest which the said defendant had on the 1st day of June I868, or has since acquired in and to the following described real esta te, to wit: Fractional section lot in Section fifteen (15) Town six (6) Range six (6) containing nearly 175 acres in Wisconsin Bottom. And the north west quarter of north east quarter of section thirteen (13) Town eight (8) range one, (1) and the north half of south west quarter of section fourteen (14) Town eight (8) Range one (1) and the south east quarter of the south west quarter of section fourteen (14) Town eight range one (1) and the north east quarter of the north east quarter of section twenty-three (23) Town eight (8) Range one (1)-all west of the Fourth Principal Meridian in Grant County, State of Wisconsin, which said real estate I will on the 26th day of August, 1868, at the hour of 1 o'clock in the afternoon of said day, offer for sale and will sell at public auction to the highest bidder for cash, at the front door of of the Court House, in the village of Lancaster, Grant County Wisconsin. Said sale will be made to satisfy said judgment, costs and interest and the eosts accruing. JAMES P. COX, Sheriff. Dated Sheriff's Office, Lancaster, Wis. July 13, '68. 6w6