Article Text
Other Banks Suspend. Princeton. Wis., Oct. 19 - The Princeton state bank was closed by the defalcation of Cashier Leimer, who admits a shortage of nearly $70.000. The Montello state bank, of which he was president, also closed.
22861. Princeton State Bank (Princeton, WI)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- October 19, 1903
- Location
- Princeton, Wisconsin (43.851, -89.122)
Metadata
- Model
- gpt-5-mini
- Short Digest
105b14a8
Response Measures
None
Description
Bank was closed by state examiner in Oct 1903 after cashier J. E. (Joseph) Leimer's alleged embezzlement/defalcation (~$60–70k). A receiver was appointed late October; receiver later discharged after stockholders advanced funds and the bank resumed operations in December 1903. No contemporaneous run on depositors is described in the articles—closure resulted from embezzlement and examiner action.
Events (5)
1.
October 19, 1903
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Closed by state examiner due to alleged defalcation/embezzlement by cashier J. E. Leimer (shortage reported about $60,000–$70,000).
- Newspaper Excerpt
- Other Banks Suspend. Princeton. Wis., Oct. 19 - The Princeton state bank was closed by the defalcation of Cashier Leimer, who admits a shortage of nearly $70.000.
- Source
- newspapers
2.
October 23, 1903
Receivership
- Newspaper Excerpt
- Edward C. Martin ... was yesterday appointed receiver of the Princeton state bank under bonds of $200,000. This is the bank of which J. E. Leimer, charged with forgery, was cashier.
- Source
- newspapers
3.
November 9, 1903
Other
- Newspaper Excerpt
- Judge George Burnell has ordered the receiver of the Princeton bank...to pay back sums of money received on the Saturday before the bank was closed...About $3000 will be returned.
- Source
- newspapers
4.
December 4, 1903
Other
- Newspaper Excerpt
- Receiver of Bank Discharged. ... C. E. Martin ... will be discharged and the affairs of the institution turned over to the stockholders again. In order that the bank may be reopened it will be necessary for the stockholders to advance the sum of $40,000 and the committee has agreed to do this.
- Source
- newspapers
5.
December 25, 1903
Reopening
- Newspaper Excerpt
- The Princeton (Wis.) state bank, which was closed October 20, through the alleged embezzlement of the cashier, has reopened its doors.
- Source
- newspapers
Newspaper Articles (16)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
RECIVER FOR BANK Institution at Montello, May Pull Thru Without One. Special to The Journal. Madison, Wis., Oct. 21.-State Bank Examiner Bergh and Assistant Attorney General Bancroft left this afternoon for Princeton to look after the appointment of a receiver for the defunct Princeton bank. Examiner Bergh hopes that a receiver for the Montello bank will not be necessary. He does not expect any con-
Click image to open full size in new tab
Article Text
OSHKOSH, WIS.-Edward C. Martin, Fond du Lac, a merchant and former banker of Princeton, was yesterday appointed receiver of the Princeton state bank under bonds of $200,000. This is the bank of which J. E. Leimer, charged with forgery, was cashier.
Click image to open full size in new tab
Article Text
Bank Receiver Named. OSHKOSH, Wis., Oct. 22.-Edward C. Martin, of Fond du Lac, a merchant and former banker of Princeton, was today appointed by Judge Burnell réceiver of the Princeton State bank under bonds of $200,000. This is the bank of which J. E. Leimer, now under arrest charged with forgery, was cashier.
Click image to open full size in new tab
Article Text
Receiver for the Leimer Bank. Oshkosh, Wis., Oct. 23.-Edward C. Martin. of Fond du Lac, a merchant and former banker of Princeton, has been appointed by Judge Burrell receiver of the Princeton state bank, under bonds of $200,000. This is the bank of which J. E. Leimer, now under arrest charged with forgery, was cashier.
Click image to open full size in new tab
Article Text
PRINCETON RECEIVER TO PAY. Court Orders $3000 to Be Returned to Latest Depositors. Oshkosh, Wis., Nov. 9.-Judge George Burnell has ordered the receiver of the Princeton bank. which was closed by order of the examiner because of the deposit due to the alleged defalcations of Cashier J. E. Leimer, to pay back sums of money received on the Saturday before the bank was closed, because, the court holds, the officials then had knowledge of the insolvency. About $3000 will be returned.
Click image to open full size in new tab
Article Text
# Princeton Receiver to Pay. Oshkosk—Judge George Burnell has ordered the receiver of the Princeton bank, which was closed by order of the examiner because of the deposit due to the alleged defalcations of Cashier J. E. Leimer, to pay back sums of money received on the Saturday before the bank was closed, because, the court holds, the officials then had knowledge of the insolvency. About $3,000 will be returned.
Click image to open full size in new tab
Article Text
Receiver of Bank Discharged. Fond du Lac, Dec. 4.-Tuesday, C. E. Martin, who has been acting in the capacity of receiver of the Princeton state bank, will be discharged and the affairs of the institution turned over to the stockholders again. In order that the bank may be reopened it will be necessary for the stockholders to advance the sum of $40,000 and the committee has agreed to do this.
Click image to open full size in new tab
Article Text
HOPES TO ESCAPE PRISON TERM. Joseph E. Leimer Endeavors to Make Good Alleged Shortages. Oshkosh, Wis., Dec. 8.-Joseph E. Leimer, whose speculations in grain are alleged to have caused the suspension of the Princeton State bank, came here in company with a deputy sheriff of Green Lake county to consult with lawyers in regard to the bank's affairs. Despite the fact that the forgeries of which Leimer is accused amount to over $60,000, he feels certain he will get out of his troubles without a penitentiary sentence. Leimer has already made good $30,000 of the shortage, and he says negotiations are in progress by which his relatives will raise the remainder. Leimer says for the present he shall remain in jail and make no effort to get bail.
Click image to open full size in new tab
Article Text
RECEIVER WILL ASK DISCHARGE. Princeton Bank Is Getting on Its Feet Once More. Princeton, Wis., Dec. 7.-The receiver of the Princeton bank will ask to be discharged Tuesday and then the stockholders will meet to elect officers. The additional $30,000 stock necessary to put the bank on a sound basis has been subscribed.
Click image to open full size in new tab
Article Text
NUMBER 28. ney W. C. Cowling, upon behalf of the Princeton State bank, for permission to reopen that institution, and for the court to discharge the receiver, E. C. Martin, of Fond du Lac. No action was taken, but the court stated that after certain conditions, agreed upon, had been fulfilled, he would issue such an order. In behalf of the bank, and its officers, Mr. Cowling in his petition stated that the capital stock of the institution was originally about $40,000. The alleged defalcation of Cashier J.E. Leimer reduced it about $35,000. However, stockholders have agreed to take sufficient stock to enable the bank to resume and pay dollar for dollar. Assistant Attorney General L. H. Bancroft, who was present, expressed his willingness to censent to the petition, provided a bond was filed to protect creditors for any shortages not yet discovered.
Click image to open full size in new tab
Article Text
NEWS OF THE WORLD Industrial, Political, Domestic and Foreign Happenings of Minor Importance Told In Paragraphs. W J. White, a Cleveland, O., millionaire, was fined for docking his horses/ tails. The receiver of the Princeton, Wis., State bank has been discharged and resumption oxrdered. Lewis Andros has arrived at San Bernardino, Call., with his daughter, kidnaped from Chicago. Katherine Parks, Jessie McClellan, Gertrude McClellan, Ida Deckard and Floyd Decker were arrested at Sullivan, Ind., for rticipating in ducking Miss Sinclair, their teacher, in a pond. They gave bond and will be tried in January. Miss Sinclair is confined to her bed with pneumonia. Miss Rose Leo of Cross Village. Mich., was found dead from exposure near the home of her parents. Miss Leo stepped out of her home after supper. Her body was found in the morning in a snowdrift. It is thought she was drugged or knocked insensible by one of the woodsmen, who are numerous in that vicinity. Federal Judge Jackson at Charleston, W. Va., has decided that John Laing and Stewart Hunt were acting as federal officers when they shot John Harless, leader of the striking miners, last winter, and therefore are not amenable to the state courts. Powell Clayton, United States ambassador to Mexico, reported to Acting Secretary of State Loomis the conditions in Mexico as he left them. The ambassador says that the exations beMexico tween the United States a never were more harmonious than at present and he attributes this in large part to the personality of President Diaz. The latter continues to enjoy phenomenal health for a man of his years. The latest reports at Shanghai estimate that the cotton crop will be 70 per cent of the average. Half of the orange and lemon crop in the vicinity of Messina was stroyed by a heavy hailstorm. by The upper house of the Bavarian diet rejected the recent unanimous resolution of the lower house demanding the dismissal from the army of officers and noncommissioned officers found guilty of the maltreatment of soldiers. The sum of $12,500,000 in paper mcney was burned by the state bank at St. Petersburg. This amount was Issued in notes during August to meet articipated trade demands, but since the end of the grain season the money has no longer been needed. A change of venue to Norton county has been granted at St. Francis, Kas., in the case of Chauncey Dewey and his companions, accused of the murder of the Berry family. The United States Reduction and Refining Company has purchased the Florence and Cripple Creek Railroad and the Rocky Mountain smelter at Florence, Colo., for $8,000,000. Victor Mercier, one of the directors of the ministry of justice and reporter of the Dreyfus commission, has completed his examination of the documents submitted to the commission by the ministers of war and justice. Dreyfus' friends are confident he will advise a revision of the case. Cora, dowager countess of Stafford (formerly Mrs. Samuel G. Colgate of New York), and M. T. Kennard were married at St. George's church, Hanover square, London. Commander Augustus Henry Able, a retired chief engineer of the United States navy, was stricken with paralysis at his home in Philadelphia and is in a critical condition. Commander Able entered the navy in 1861 and was twice promoted for bravery. In 1874 he was made chief engineer, with the rank of Heutenant commander. He was retired a few days ago. The American National Red Cross Society has decided to grant the request of the opposition for an investigation as to the condition of the work of the society. Circuit Judge Douglass at St. Louis decided that a witness has no right to refuse to answer questions on the ground that it might incriminate him, and held that it was a matter for the court to decide. President Roosevelt's big family idea is given a severe setback in the report of State Superintendent Barrett of Iowa, which shows a decrease of 10,000 children in Iowa since the 1902 enrollment. The entire student body of Hanover College at Hanover, Ind., has determined to quit the institution unless ten suspended sophmores are reinstated by President Fisher. Prof. Charles William Dabney, presIdent of the University of Tennessee, has been invited to become head of the University of Cincinnati, to succeed President Howard Ayres. The first electric sleeping car for an interurban road has just been completed at Wilmington, Del., and will be shipped to Indianapolis. Masked burglars blew the safe in the office of the Garlock-Frazee Laundry Company at Cleveland, O., and escaped with $2,000 in cash. President Gilman of Carnegle insti tute, Baltimore, Md., announces he will resign next year. John R. McLean at the coming Jack, son day banquet, Cincinnati, O., is to assume the leadership of the state and county democracy. Fire at Auburn, Ohio, caused a loss of $75.000. Steel trust retrenchment plans are said to include dispensing with the
Click image to open full size in new tab
Article Text
NEWS OF THE WORLD Industrial, Political, Domestic and Foreign Happenings of Minor Importance Told in Paragraphs. W. J. White, a Cleveland, O., milNonaire, was fined for docking his horses' tails. The receiver of the Princeton, Wis.. State bank has been discharged and resumption ordered. Lewis Andros has arrived at San Bernardino, Cal., with his daughter, kidnaped from Chicago. Katherine Parks, Jessie McClellan. Gertrude McClellan, Ida Deckard and Floyd Decker were arrested at Sullivan, Ind., for participating in ducking Miss Sinclair, their-teacher, in a pond. They gave bond and will be tried in January. Miss Sinclair is confined to her bed with pneumonia. Miss Rose Leo of Cross Village. Mich., was found dead from exposure near the home of her parents. Miss Leo stepped out of her home after supper. Her body was found in the morning in a snowdrift. It is thought she was drugged or knocked insensible by one of the woodsmen, who are numerous in that vicinity. Federal Judge Jackson at Charleston, W. Va., has decided that John Laing and Stewart Hunt were acting as federal officers when they shot John Harless, leader of the striking miners, last winter, and therefore are not amenable to the state courts. Powell Clayton, United States ambassador to Mexico, reported to Acting Secretary of State Loomis the conditions in Mexico as he left them. The ambassador says that the relations between the United States and Mexico never were more harmonious than at present and he attributes this in large part to the personality of President Dias. The latter continues to enjoy phenomenal health for a man of his years. The latest reports at Shanghai estimate that the cotton crop will be 70 per cent of the average. Half of the orange and lemon crop In the vicinity of Messina was destroyed by a heavy hailstorm. The upper house of the Bavarian diet rejected the recent unanimous resolution of the lower house demanding the dismissal from the army of officers and noncommissioned officers found guilty of the maltreatment of soldiers. The sum of $12,500,000 in paper mcney was burned by the state bank at St. Petersburg. This amount was issued in notes during August to meet articipated trade demands, but since the end of the grain season the money has no longer been needed. A change of venue to Norton county has been granted at St. Francis, Kas., in the case of Chauncey Dewey and his companions, accused of the murder of the Berry family. The United States Reduction and Refining Company has purchased the Florence and Cripple Creek Railroad and the Rocky Mountain smelter at Florence, Colo., for $8,000,000. Victor Mercier, one of the directors of the ministry of justice and reporter of the Dreyfus commission, has completed his examination of the documents submitted to the commission by the ministers of war and justice. Dreyfus' friends are confident he will advise a revision of the case. Cora, dowager countess of Stafford (formerly Mrs. Samuel G. Colgate of New York), and M. T. Kennard were married at St. George's church, Hanover square, London. Commander Augustus Henry Able, a retired chief engineer of the United States navy, was stricken with paralysis at his home in Philadelphia and is in a critical condition. Commander Able entered the navy in 1861 and was twice promoted for bravery. In 1874 he was made chief engineer, with the rank of lieutenant commander. He was retired a few days ago. The American National Red Cross Society has decided to grant the request of the opposition for an investigation as to the condition of the work of the society. Circuit Judge Douglass at St. Louis decided that a witness has no right to refuse to answer questions on the ground that it might incriminate him, and held that it was a matter for the court to decide. President Roosevelt's big family Idea is given a severe setback in the report of State Superintendent Barrett of Iowa, which shows a decrease or 10,000 children in Iowa since the 1902 enrollment. The entire student body of Hanover College at Hanover, Ind., has determined to quit the institution unless ten suspended sophmores are reinstated by President Fisher. Prof. Charles William Dabney, presIdent of the University of Tennessee, has been invited to become head of the University of Cincinnati, to succeed President Howard Ayres. The first electric sleeping car for an Interurban road has just been completed at Wilmington, Del., and will be shipped to Indianapolis. Masked burglars blew the safe in the office of the Garlock-Frazee Laundry Company at Cleveland, O., and escaped with $2,000 in cash. President Gilman of Carnegie institute, Baltimore, Md., announces he will resign next year. John R. McLean at the coming Jackson day banquet, Cincinnati, O., is to assume the leadership of the state and county democracy. Fire at Auburn, Ohio, caused a loss of $75.000. Steel trust retrenchment plans are said to include dispensing with the services of a number of Andrew Carnegie's young partners who are re-
Click image to open full size in new tab
Article Text
DOMESTIC. A negro was sentenced to death in Washington for attacking a colored girl. W. J. White, a Cleveland millionaire, was fined for docking his horses' tails. Col. Pope said the big bicycle combine failed because it ceased advertising. Julius Gerding, a salesman out of work and penniless, killed himself in New York. Nine American jockeys earned nearly $200,000 on the French turf during 1903. The receiver of the Princeton, Wis., State bank has been discharged and resumption ordered. Lewis Andros has arrived at San Bernardino, Cal., with his daughter, kidnaped from Chicago. Miss Emily Stark, a University of Michigan "coed," sprained her neck in a gymnasium football game. Daniel C. Gilman was reelected president of National Civil Service Reform association at Baltimore. James B. Kellogg, the "get-richquick" swindler, was sentenced to eighteen months in Sing Sing. Helen Gould will refuse the presidency of the board of women managers of the St. Louis exposition. Secretary Root declined to permit the extension of New York's harbor line 200 feet into the North river. Three leading booksellers of Boston were convicted of selling objectionable literature and fined $100 each. Alexander Sullivan, accused for three years of conspiracy, was released on a writ of habeas corpus in Chicago. A plain band ring marked L. H. B. was taken out of a shark captured by sailors who have just arrived in New York. The Montana legislature, convened in extraordinary session, adjourned, having passed the "fair trial" bill,
Click image to open full size in new tab
Article Text
DOMESTIC. The receiver of the Princeton, Wis., State bank has been discharged and resumption ordered. Lewis Andros has arrived at San Bernardino, Cal., with his daughter, kidnaped from Chicago. Miss Emily Stark, a University of Michigan "coed." sprained her neck in a gymnasium football game. Daniel C. Gilman was reelected president of National Civil Service Reform association at Baltimore. James B. Kellogg, the "get-richquick" swindler, was sentenced to eighteen months in Sing Sing. Helen Gould will refuse the presidency of the board of women managers of the St. Louis exposition. Secretary Root declined to permit the extension of New York's harbor line 200 feet into the North river. Three leading booksellers of Boston were convicted of selling objectionable literature and fined $100 each. Alexander Sullivan, accused for three years of conspiracy, was released on a writ of habeas corpus in Chicago. A plain band ring marked L. H. B. was taken out of a shark captured by sailors who have just arrived in New York. The Montana legislature, convened in extraordinary session, adjourned, having passed the "fair trial" bill, which allows changes of venue in civil cases and provides for the review by the supreme court of matters of fact as well as of law. Five holdup men dynamited a safe at Camden, N. J., secured $10, had a pistol fight with the police, and escaped. Charles T. Yerkes is to enlarge his fifth avenue mansion in New York. He has purchased adjoining property for $500,000. The assassin of Miss Elizabeth Gillespie at Rising Sun (Ind.) declared by local officials to be under surveillance. William Mestayer, said to be a counterfeiter and burglar, was arrested in Tiffany's, New York, looking as uncut diamonds. Rev. Newell Dwight Hillis said God never intended one man to control oil and possess $100,000,000 while others had none. Keeper A. J. Gray has been forced
Click image to open full size in new tab
Article Text
plot to kill United States Powell at Santo Domingo was related by a passenger, who carried a letter from a high Dominican official to a friendin New York. The Federal National bank, which was closed by the stock panic early in October, reopened in Pittsburg. William H. Ennis, a former Brooklyn policeman, convicted of having murdered his wife, was put to death in the electric chair in Sing Sing (N. Y.) prison. The secretary of the treasury has asked for an appropriation of $130,000 for additional gas buoys on the upper great lakes. Two hundred St. Louis (Mo.) criminals may be free as the result of a supreme court decision requiring state's attorney's information to be verified. Mrs. J. Messersmith, her daughter, and Frank Smith, a clerk, were burned to death in a fire at Braidwood, III. The Princeton (Wis.) state bank, which was closed October 20, through the alleged embezzlement of the cashier, has reopened its doors. Harry Maine, cashier of the Farmers' and Merchants' bank of Linn Grove, Ia., shot himself because of losses in speculation. The doors of the bank were closed. Gen. Benjamin Viljoen, a Boer commander, has arrived to arrange for an exhibition of Boer life at the St. Louis exposition. The breaking of a dam flooded a large portion of the city of Paterson, N. J., causing immense damage. Francis B. Loomis, assistant secretary of state, says Colombia intended to declare the French concession for the isthmian canal void and then sell it to the United States for $40,000,000. The sum of $27,000 was netted by a bal poudre for St. Luke's hospital annex in Chicago. Dr. Frank B. Mallory, of the Harvard medical school, announced his discovery of the scarlet fever germ. Practically all of the assets of the $117,000,000 Consolidated Lake Superior company were bid in by Speyer & Co. at an auction in New York city for $4,500,000. Arguments in the Northern Securities case were completed before the United States supreme court. A decision is not expected until February. Brig. Gen. Frederick Dent Grant has been assigned to the command of the department of the lakes, with headquarters in Chicago. Jesse Green (colored), who was convicted of the murder of his wife in Chester, Pa., was hanged. William I. Buchanan, of Buffalo, N. Y., the first United States minister to the republic of Panama, sailed for Panama. The steamer City of Washington arrived in New York from Colon bringing the signed copy of the canal treaty with the republic of Panama. Asa C. Bushnell, a New Haven (Conn.) bank cashier, committed suicide because his accounts were $15,000 short. By the sinking of the tugboat Mattie M. at Lake Concordia, Miss., six men were drowned. Capt. Dutton's last voyage to New York on the steamer Umbria ended the worst trip of his career. The craft was three days late and seven persons were injured by heavy seas. PERSONAL AND POLITICAL. Capt. Charles A. P. Talbot, British