22930. Bank of West Superior (Superior, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 23, 1896
Location
Superior, Wisconsin (46.721, -92.104)

Metadata

Model
gpt-5-mini
Short Digest
1cc28c2f

Response Measures

None

Description

The Bank of West Superior suspended operations on Dec 23, 1896, explicitly attributed to failures of the Bank of Minnesota and the National Bank of Illinois (correspondent/local bank shocks). Officials initially said they expected to resume and pay depositors, but the bank was placed in assignee/receivership (L. A. Nichols) and was liquidated thereafter. No clear independent depositor run on this bank is documented aside from one brief notice saying 'suspended because of a run'; the contemporaneous majority accounts indicate suspension caused by other banks' failures, so I classify as a suspension leading to closure (receivership).

Events (2)
1. December 23, 1896 Suspension
Cause
Local Banks
Cause Details
Notice of suspension stated the cause was the failure of the Bank of Minnesota; failure of the National Bank of Illinois also weakened it considerably (loss of funds held in outside institutions).
Newspaper Excerpt
The Bank of West Superior ... suspended operations this morning as the direct result of the failures of the banks of Minnesota ,and Illinois.
Source
newspapers
2. December 26, 1896 Receivership
Newspaper Excerpt
L. A. Nichols has been named as the assignee.
Source
newspapers

Newspaper Articles (18)
1. December 23, 1896 Evening Journal Wilmington, DE
Article from Evening Journal, December 23, 1896

Click image to open full size in new tab

Article Text

THE BUSINESS SITUATION. ANOTHER BANK FAILURE IN THE WEST-COMPTROLLER ECKLES THINKS IT ENDED. NEW YORK, Dec. 23.-Bank of West Superior, West Superior, Wis., failed to-day. Its capital surplus at last accounts was $100,000; undivided profits, $100,000. Comptroller Eckles wires that he believes the financial distress is now about over. Advices from Chicago conform with this, but state that after January 1 many firms will go out of business voluntarily. Dispatches from Washington this afternoon state that criminal proceedings will be instituted, should the report of the receiver bear out the statements of practices that wrecked the National Bank of Illinois. Stocks are very weak to-day, but investors were advised to buy wheat on all "soft places."

2. December 24, 1896 The Dalles Daily Chronicle Dalles, OR
Article from The Dalles Daily Chronicle, December 24, 1896

Click image to open full size in new tab

Article Text

ONE MORE FAILURE. The Bank of West Superior Closes Its Doors. WEST SUPERIOS, Wis., Dec. 23.-The Bank of West Superior, with a capital of $50,000 and a surplus of $50,000, suspended operations this morning as the direct result of the failures of the banks of Minnesota ,and Illinois. The notice of suspension stated the cause was the Bank of Minnesota failure, but the failare of the Bank of Illinois weakened it considerably. At the November statement the bank had deposits of $78,947, rediscounts of $1,505; loans and discounts, $18,971; real estate assets, $43,419; bonds and securities, $5,391; and cash on hand, $22,259.90. Officers say they expect to resume and pay depositors in full.

3. December 24, 1896 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, December 24, 1896

Click image to open full size in new tab

Article Text

A SYMPATHETIC FAILURE. West Superior, Wis., Dec. 23.-The Bank of West Superior, capital $50,000 and $50,000 surplus, suspended operations this morning as a direct result of the failures of the Bank of Minnesota and the Bank of Illinois. The notice of suspension stated that the cause was the Bank of Minnesota, but the Bank of Illinois weakened it considerably. The officials say they expect to resume and pay depositors in full.

4. December 24, 1896 The Evening Herald Shenandoah, PA
Article from The Evening Herald, December 24, 1896

Click image to open full size in new tab

Article Text

Another Wisconsin Bank Failure. WEST SUPERIOR, Dec. 24.-The Bank of West Superior, capital $50,000 and $50,000 surplus, suspended operations yesterday as a direct result of the failures of the Bank of Minnesota and the Bank of Illinois. The officials say they expect to rosume and pay depositors in full.

5. December 24, 1896 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, December 24, 1896

Click image to open full size in new tab

Article Text

WEST SUPERIOR LOSES A BANK. Failure Caused by the Suspension of the St. Paul Institution. WEST SUPERIOR, Wis., Dec. 23.-The Bank of West Superior, capital $50,000 and $50,000 surplus, suspended operations this morning as a direct result of the failures of the banks of Mirnesota and Illinois. The notice of suspension stated that the cause was the failure of the Bank of Minnesota, but the Bank of Elinois weakened it considerably. At the December statement the bank had deposits of $78,947 and rediscounts of $1,505. The leans and discounts were $106,971; real estate assets, $43,419; bonds and securities, $5,191, and cash on hand, $22,259.90. Of the cash on hand $20,000 was in the outside failures, which compelled the institution to Cose. The officials say they expect to resume and pay depositors in full. The sheriff today received two attachments, aggregating $29,261, against the property in this city of the Bank of Minnesota

6. December 26, 1896 The Superior Times Superior, WI
Article from The Superior Times, December 26, 1896

Click image to open full size in new tab

Article Text

BANK FAILURES. Bank of West Superior Forced to Suspend. The National Bank of Illinois, one of the oldest and best known banking institutions III Chicago, closed its doors on Monday morning last. At the last report of this bank, which was November 30, the bank had a capital of $1,000,000, a surplus of $1,000,000. undivided profits of $450,000, and total assets, including bonds, $1,046,992. Its liabilities will be about $11,600,000. The last statement of the bank showed: Deposits, $1,175,766; loans, $,199,642; cash resources, $4,983, 202. The Bank of Minnesota, St. Paul's oldest bank, closed its doors on Tuesday. The last published statement was on Oct. 5, 1896, showed: Total resources, $3,320,369.49 Liabilities-Capital stock paid in $600,000; undivided profits, $102,783.11; individual deposits. $1,071,050,95; time certificates of deposits, $1,041,793.82: due to banks, $303'218.71; demand certificates of deposits, $101,522.90; total $3,320,369.49. The Union Stock Yards Bank, which IS closely connected with the Bank of Minnesota, closed the same day. Owing to the failure of National Bank of Illinois and the Bank of Minnesota, the Bank of West Superior was forced to close its doors on Wednesday morning. The last statement of this bank showed as follows: Loans and discounts, $106,971.98; overdrafts. $412.63; real estate assets, $53,419.40; furniture, $1,746; bonds and securities, $5,391.09; cash on hand and in banks, $22,259.90; expenses, $252; total, $180,452. Capital stock. $50,000; surplus, $50,000; deposits, $78,947; rediscounts, $1,505; total, $180.452. Of the banks assets 271 per cent. were cash. Of the cash on hand which the bank had for doing business, $22,000, $20,000 as near as can be estimated was in outside institutions. The city had $10,706.67, of which $8.557.6t was in the street bond sinking fund and $2,139.06 was in the sewer bond sinking fund. The workhouse committee has a balance of $2,000 in the bank. L. A. Nichols has been named as the assignee.

7. December 26, 1896 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, December 26, 1896

Click image to open full size in new tab

Article Text

West Superior Bank Fails. WEST SUPERIOR, Wis., Dec. 24.-The Bank of West Superior, capital $50,000 and $50,000 surplus, has suspended op erations as a direct result of the fail. ures of the Bank of Minnesota and the Bank of Illinois. The notice of SUSpension stated that the can e was the failure of the Bank of Minnesota, but the Bank of Illinois weakened it considerably.

8. December 26, 1896 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, December 26, 1896

Click image to open full size in new tab

Article Text

LATER. Allen Creer and the wife and daughter of Rud Owens were drowned in Clarks river near Paducah, Ky., by the capsizing of a boat. Fire in the fashionable residence part of Montreal, Que., caused a loss of $100,000. The Bank of West Superior, Wis., capital $50,000 and $50,000 surplus, suspended because of the failure of the National bank of Illinois in Chicago. J. D. Williams, a mulatto, shot his wife and then killed himself in Washington. The Parsons-Pelletier Dry Goods company, one of the largest houses of the kind in Sioux City, Ia., failed for $100,000. A large portion of the business section of Somerset, Ind., was wiped out by fire. William Henry Hatch, ex-congressman and author of the famous "Hatch" or "anti-option bill." died at his home near Hanibal, Mo., aged 63 years. He was a member of congress from 1878 to 1894. Mrs. Henry Bond and Miss Tyrrell, sisters, living at Woodbourne, Pa., were killed by the cars at a crossing. By the explosion of a steam pipe in the city hall in Baltimore James Reilly and Charles Robertson were fatally scalded. The American Banking and Trust company of Auburn, Me., closed its doors with liabilities of $55,000. A train on the Chicago & Alton road was held up by robbers near Independence, Mo., and the express car looted. Solomon Sayles, wholesale meat dealer in New York, failed for $250,000. The French government in Madagascar has issued a decree abolishing slavery. The wife of Noah Scott, of Shelbyville, Ind., gave birth to four boys and all were doing well. An explosion of nitro-glycerin near Montpelier, Ind., killed George Hickok and Harry Wood and greatly damaged the property of the Empire Glycerin company. The bark Jamaica was lost off Dos Rosas Tabasco and 16 persons were drowned. Hon. William J. Bryan opened his lecture tour at Atlanta, Ga., his subject being "The Ancient Landmarks." Mrs. H. Estby and her daughter Clara, 19 years old, arrived in New York from Spokane, Wash., having walked the entire distance since May 5 on a wager that they could cross the continent in seven months.

9. December 30, 1896 The Watchman and Southron Sumter, SC
Article from The Watchman and Southron, December 30, 1896

Click image to open full size in new tab

Article Text

Bank Failures. The directors of the Holliston, Mass., National bank have decided to finish up the affairs of the bank Jan. 1, 1897. after which date no more deposits will be taken. The American Banking and Trust company of Auburo, Maine, chartered in 1886, has closed its doors and has asked the court for the appointment of a receiver. The deposits and bills payable amount to $54,403, and assets nominally $130,743 The business of the institution was largely in western mortgages. The Bank of West Superior, Wis., has closed, being forced in liquidation by the failure of the Bank of Mionesota. The officials of the bank say they will resume soon and pay all depositors in full. E. S. Dreyer and bis partner, Robert Berger. of the banking firm of E. S. Dreyer & Co., Chicago, which failed on Monday, have been arrested charged with receiving a deposit knowing their bank to be insolvent.

10. December 30, 1896 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, December 30, 1896

Click image to open full size in new tab

Article Text

Bank Union at West Superior. West Superior, Wis., Dec. 30.-A move is on foot looking to the consolidation of several of Superior's banks into one big banking insitution with a capital of not less than $1,500,000. This move is said to have been contemplated for some time by several local capitalists, and since the suspension of the Bank of West Superior and the Bank of Superior the proposition has received a healthy stimulation.

11. January 1, 1897 The Mankato Free Press Mankato, MN
Article from The Mankato Free Press, January 1, 1897

Click image to open full size in new tab

Article Text

Bank Consolidation Scheme. WEST SUPERIOR, Wis., Dec. 30.-A move is on foot looking to the consolidation of several of Superior's banks into one big banking institution with a capital of not less than $1,500,000. This move is said to have been contemplated for some time by several prominent local capitalists, and since the suspension of the Bank of West Superior and the Bank of Superior the proposition has received a healthy stimulation.

12. January 1, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, January 1, 1897

Click image to open full size in new tab

Article Text

Bank Consolidation Scheme. WEST SUPERIOR, Wis., Dec. 30.-A move is on foot looking to the consolidation of several of Superior's banks. into one big banking institution with a capital of not less than $1,500,000. This. move is said to have been contemplated for some time by several prominent local capitalists, and since the suspension of the Bank of West Superior and the Bank of Superior the proposition has received a healthy stimulation. Tammany Is Divided. NEW YORK, Dec. 30. -The Press says : Henry D. Purroy, county clerk and Tammany boss of the annexed district, has withdrawn with all his personal following. John C. Sheehan's decapitation as proxy leader for Richard Croker is the price demanded by Purroy and his anti-Sheehan allies before they will return to the fold.

13. January 8, 1897 The Chanute Times Chanute, KS
Article from The Chanute Times, January 8, 1897

Click image to open full size in new tab

Article Text

NEWS IN BRIEF. Henry D. Purroy and his political following have deserted Tammany to fight Sheehan. Ella Eager threw herself under her husband's engine. and was ground to pieces at New Haven, Conn. Carlos A. Miller, an American engineer, is in prison in the City of Mexico on a trumped up murder charge. C. A. Walsh of the Democratic national committee is in Idaho working for the re-election of Senator Dubois. Senator Thurston, in a speech before the Chautauqua circle at Omaha, declared for Cuban recognition, war or or war. Comptroller of the Currency Eckels says that he feels no apprehension` over the bank failures which have occurred of late. President Cleveland has included the officers and employes of the federal "pen" at Fort Leavenworth under civil service rules. Father Shaw, assistant pastor of the Holy Angels' church, St. Louis, was held up in his rectory and robbed by a stranger in the afternoon. Three business men were held up by two robbers in an elevator in Chicago in broad daylight. One was relieved of a satchel containing $540. Mrs. Robert Howard, Madrid, Iowa. told her husband she was going to church, then went riding with John Slick, and was killed, he says, accidentally. California fruit growers are going in force to Washington to plead for higher duties and southern boards of trade are uniting in demanding higher rice duties. W. B. Cowen was sent to the Lansing, Kan., pe* from Guthrie, Okla., for six years for stealing a cow. while Pat Johnson. for assault with intent to kill, got off with three years. When the silk and cotton manufacturers had their inning before the house, ways and means committee all argued against ad valorem duties and asked a higher tariff with changes in classification. Wanamaker has publicly attacked Quay, saying he is a disgrace to Pennsylvania. Mr. Wanamaker also declares that without good times within four years changes will come which all the world will feel. Republican club of New York refused to endorse the candidacy of Joseph H. Choate for United States Senator. Union Republican club of Brooklyn and the Progress Republican club of New York adopted resolutions endorsing Thomas C. Platt for Senator. Columbia National and Washington State banks, Minneapolis, Minn., have been forced to close. Carbonate National bank of Leadville is going into Commercial National. liquidation. Roanoke, Va., closed. Farmers' Trust company, Sioux City, Iowa, has gone under. Bombay's plague is increasing. Theosophists are to have a temple in California. Bank of West Superior. Wis. suspended because of a run. Governor Bradley of Kentucky will resign because of failing health. A Guthrie, Okla., admirer of McKinley sent him a handsome ebony goldmounted cane. Tom Platt has declared war on Joseph Choate, republican senatorial aspirant in New York. Bryan declined to attend a silver democratic banquet at Indianapolis, Jackson's day. Julio Sanguilly, an American citizen. has been sentenced for life for conspiracy at Havana. Gomez and his insurgent army are moving westward and concentrating in Santa Clara. Li Hung Chang's visit to England and America has resulted in a determination to Anglicise China. Kentucky's electoral vote will go 12 for McKinley and 1 for Bryan, contests having been withdrawn. La Patrie, a Montreal paper, defies the Catholie church and calls on all Liberal Catholics to revolt. Miss Anna N. Stephens. of Denver, is lying speechless and paralyzed, result of sandbagging by foot pads. James Errison, Tacoma, Wash., had his wife arrested for holding him up and robbing him on the highway. Captain William P. Barlow, secretary of the ex-Confederate Home Association, of Missouri, is dead in St. Louis. In a landslide at Ratsmore, England, laborer's house was overwhelmed a and the man, his wife and seven children buried. Allen Heuse Downen, a Denver footpad, will be hanged the third week in January for the murder of Joel G. Ashworth, June 27. A landslide entirely destroyed the village of Santa Ana de Palago, Italy, demolishing 118 houses and rendering 130 families homeless. Double-decked ferry boat New Brunswick, owned by the Pennsylvania Railroad company, was burned to the water's edge at New York. Loss, $120,000. The safe in the postoffice at Hays City, Kan.. was blown open with dynamite and robbed of $400. The burglars were captured. The Pasteur treatment to prevent failed in of eight persons a hydrophobia three out the bitten cases by of is mad dog. Two are dead and one dwince

14. January 14, 1897 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, January 14, 1897

Click image to open full size in new tab

Article Text

idea-that build a house you should first put up the parlors and receptions rooms, and afterwards the foundation, the cellar and the kitchen? Is the gold-standard theory of adopting a system of finances that the bankers and monied men want, regardless of what the PRODUCERS, the LABORERS-the foundation of all national prosperity-needs, thus far proving a good thing for the country? Here is a record of failures for the 15 days ending January 4, 1897: Dec. 21-National Bank of Illinois, Chicago. Dec. 21-Roseland Bank, Chicago. Dec. 21-E.S Dreyer & Co. Chicago. Dec. 21 -Wusmansdorff & Heinemann, Chicago. Dec. 22-Bank of Minnesota. St. Paul. Dec. 22-State Bank of St. Paul. Dec. 22-Union Stock Yards Bank, St. Paul. Dec. 23-Chicago Bank, West Superior, Wis. Dec. 23-Bank of West Superior, West Superior, Wis, Dec. 23-American Banking and Trust Co., Auburn, Me. Dec. 28-Dime Savings Bank, Chicago. Dec. 28--Atlas National Bank, Chicago. Dec. 28-Scandia Bank, Minneapolis. Dec. 28-Bank of Superior, Supe rior, Wis. Dec. 29-Columbia Bank, Minneapolis. Dec. 29--Washington Bank, Min8 neapolis. i Dec.29--Commercial National Bank, D Va. Dec. 30-Northern Trust Company, r Minneapolis. Dec. 30 Bankers' Exchange Bank, 1 Minneapolis. . Dec. 30 Northwestern Loan and e Building Association, Minneapolis. Dec. 30 Commercial Bank, Selma, Al. Dec. 30 Farmers' Trust Company, Sioux City, Iowa, y t Jan. 4 Germania Bank, St. Paul. y Jan, 4 Allemania Bank, St. Paul. r Jan. 4 West Side Bank, St. Paul. it Jan. 4 Minnesota State Savings e Bank, St, Paul. Jan. 4 Citizens' National Bank, r. Fargo, N. D. d Jan. 4 City Bank, Nora Springs, If Iowa, a Total amount reported, $21,354,779 c OTHER HOUSES DRAGGED DOWN BY THE e CRASH, of Dec, 22 Angus & Giudele, contract rors, Chicago. of Dec. 23 American Brewing and Y, Malting Co., Chicago, Dec. 23 George A. Weiss Malting Co., Chicago. Dec. 23 George A. Weiss, Chicago r. Dec. 28 Excelsior Machinery an t, Belting Co., Chicago, st Dec. 29 Western Paper Bag Co. iBatavia, III. a Dec. 29 Appleton Manufacturing be Co., Van Nortwick, III, ch Jan. 4 Snow & Earl Co., druggist ct supplies, Providence, R. I IJan. 4 L. W. Alet & Co., wholesal ojewelers, Chicago, Ill. SUICIDES CAUSED BY THE BANK FAILURES if Otto Wasmandorff, head of th " banking firm of Wasmandorff & Heine of mann, of Chicago, shot himself in tha of city. Suicide due to worry over th I's failure of his firm, which occurred o December 21. ry George A. Wilkins, vice president o the suspended Commercial Bank, o ds Selma, Ala., shot himself on Decembe 31, in front of the altar of St. Paul'

15. January 29, 1897 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, January 29, 1897

Click image to open full size in new tab

Article Text

Goldbug Good Times. D. J. Bear, of Richmond, Va., jeweler, failed here Monday for $15,000. The Security, Mortgage and Trust Company of Dallas, Tex., has failed. Phelps & Co., grain brokers of Salt Lake City, have failed with liabilities of $10,000. The McCoy Banking Company of Independence, Mo., has gone into voluntary liquidation. The Bank of West Superior, Wisconsin, capital $50,000 and $50,000 surplus, has suspended operations. The Columbus and Hocking Valley Coal and Iron Company has passed into the hands of a receiver. The Scandia Bank, of Minneapolis, Minn., with a capital of $60,000, has suspended payments. The Laconia Car company of Laconia, N. H., has been petitioned into an involuntary insolvency. Chicago's charity ball is likely to be postponed on account of the financial and business troubles there. The Parsons-Pelletier Dry Goods company, one of the largest houses of the kind in Sioux City, Iowa, have failed. White & Howe company of Sioux City, Iowa, shoe dealers, have assigned Creditors are mostly eastern shoe firms. The American Banking and Trust company of Auburn, Me., has closed its doors and made application for a receiver. The Excelsior Machine and Boiler Works company of Chicago failed Monday. Assets and liabilities each about $40,000. Dallas Wightman, a cloak manufacturer of Rochester, N. Y., has assigned. Assets between $20,000 and $25,000; liabilities $15,000. Solomon Sales of New York, wholegale and retail dealer in meats and provisions, has assigned to Charles A. Hess without preferences. The Calumet State Bank at Blue Island, III., has failed. A statement was filed, showing that the assets are $87,069 and the liabilities $68,000. J. J. Wright & Stokes of Richmond, Va., manufacturers of harness, have assigned for $18,000. Mr. Stokes made a personal assignment for $16,000. The large retail dry goods store of M. Frank & Co. of Fort Wayne, Ind., was placed in the hands of Benjamin Rothschild as receiver Monday. One hundred and fifty men employed by the Georgetown Boot and Shoe company are on strike in Haverhill, Mass., against a reduction of wages. The Dime Savings bank of Chicago, has suspended payments under the ninety day withdrawal notice clause, granted in the statutes to savings banks.

16. June 17, 1897 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, June 17, 1897

Click image to open full size in new tab

Article Text

EXAMINER KIDD'S FOURTH SEMIANNUAL REPORT. BIG INCREASE IN DEPOSITS Since December There Has Also Been a Healthy Growth in Loans-Depositors May Get no Dividend From Superior State Trust & Saving Bank and Eau Claire Commercial. Bank Examiner E. I. Kidd submitted his fourth semi-annual report to the governor Monday. He says that the whole number of institutions under his charge is 286, divided as follows: State banks, 130; private barks, 107; savings bank, 1: building and loan as sociations, 48. The aggregate authorized capital of the state banks is $6,558,700, and the reported capitalization of private banks, $1,125,986.26. The total assets of all the banks was $42,062,136.14, of which $11,034,205.92 represents moneys of all kinds, and The examiner says: "The work of making the regular annual examinations of these institutions is in progress at the present time and will be completed before July 3 next, the close of the year. The new banks organized with name, location and capitalization are as follows: "State Banks-Meinhard bank, Burlington, $25,000; Farmers State bank, Darien, $25,000; Bank of Hudson, Hudson, $25,000; Commercial State bank, Medford, $25,000 "Private Banks-Merchants & Savings Bank, Kenosha, no capital: Victor E. Huntzicker. Neillsville, $20,000. "The capital stock of the following banks vas, upon application of the stockholders, reduced by act of the legislature as follows: Citizens bank. Whitewater, from $75,000 to $50,000: German American bank, Oshkosh, from $150,000 to $100,000 "The following banks have gone out of business: Exchange bank, Alma Center: Exchange bank. Hixton. "The total number of banks which have suspended since the last report is four. as follows: Bank of Superior, Superior: Bank of West Superior, West Superior: State Trust & Savings bank. West Superior: Commercial bank. Eau Claire. The aggregate assets and liabilities of these institutions at the time of failure was $476,790 with an aggregate amount due depositors of $282,028.15. I am informed by the receivers of the two first named banks that while the process of closing up the business will be slow there is a reasonable certainty of the depositors being paid in full. An examination of the State Trust & Savings bank of West Superior made by myself on the 5th of February. showed that its capital was impaired to an extent which seriously jeop-

17. February 9, 1898 Watertown Republican Watertown, WI
Article from Watertown Republican, February 9, 1898

Click image to open full size in new tab

Article Text

ASK HIS DISMISSAL. Creditors of Superior Bank Dissatisfied with the Receiver. West Superior, Wis., Feb. 4.-[Special.]-Creditors of the Bank of West Superior have petitioned the circuit court for the dismissal of Assignee Nichols of the bank and the request that a receiver be appointed in his place. It is alleged that I. W. Burhans, the leading stockholder in the bank, transferred most of his stock in the bank to H. W. Nichols shortly before the assignment to avoid stockholders' liability and that this step helped to bring on the insolvency, and that Assignee Nichols knew of the transfer and conspired with Burhans in the matter. The answer to the complaint denies all of the charges. The matter will be heard before Judge Vinje of the circuit court.

18. July 23, 1910 The Superior Times Superior, WI
Article from The Superior Times, July 23, 1910

Click image to open full size in new tab

Article Text

State of Wisconsin, Superior Court, Douglas County. Bank of Commerce, a Banking Corporation, Plaintiff. vs. Fred Beglinger, Emma Beglinger, Henry Beglinger, Sr., Francis Reiker, J. O. Brooks, Gilbert Thorne, Receiver of Superior National Bank, J. H. Parker, A. Frederick, International Bank of West Superior. L. A. Nichols, Assignee of the Bank of West Superior, Lemira S. Hills and Elizabeth Vetch. Defendants. Notice is hereby given that under and by virtue of a judgment of foreclosure and sale rendered and entered in the above entitled action on the 10th day of August, A. D. 1898, in the Superior Court for Douglas County, Wisconsin, I, the undersigned, sheriff for Douglas County, Wisconsin, shall offer for sale and sell at public auction to the highest bidder for cash, at the southeasterly front door of the court house in the City of Superior, in Douglas County, Wisconsin, on the 24th day of August, A. D, 1910, at eleven o'clock in the forenoon of that day, the real estate directed by said judgment to be sold and hereinafter described, to satisfy said judgment, to-wit: The sum of eleven thousand, seven hundred and thirty-three dollars and fifteen cents ($11.733.15), with interest on said sum at the rate of six per cent per annum from August 10th, A. D. 1898, to the date of sale together with the costs and expenses of said sale. Said real estate is in Douglas County, Wisconsin, described as follows to-wit: Block forty-six (46) on East Second Street, and Block twenty-six (26) on East Fifteenth Street, both of said tracts of land being in the Townsite of Superior (now in the city of Superior) according to the plat thereof on file or of record in the office of the Register of Deeds in and for said Douglas County, Wisconsin, and the southeast quarter (SE¼) of the northeast quarter (NE¼) of section number thirteen (13), township forty-eight (48) North of Range fourteen (14) West of the Fourth Principal Meridian, in said Douglas County, Wisconsin, according to the United States Government survey thereof. Dated at Superior, Wisconsin, this 9th day of July, 1910. GUSTAF CARLSON, Sheriff of Douglas County, Wis. Joseph M. Reed and E. F. McCausland, Attorneys for Plaintiff. July 9-16-23-30-Aug. 6-13-20.