22976. Waupaca County National Bank (Waupaca, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4414
Charter Number
4414
Start Date
September 8, 1890
Location
Waupaca, Wisconsin (44.358, -89.086)

Metadata

Model
gpt-5-mini
Short Digest
d508c744

Response Measures

None

Description

Newspaper articles (Sept 8–9, 1890) report Evan Collidge of the Waupaca National Bank assigning to Frank W. Hipple after a recent run that withdrew about $25,000 and heavy loans/discounts. The provided bank name is Waupaca County National Bank; the articles refer to Waupaca National bank — treated as same institution. Assignment indicates failure/closure (receiver/assignee).

Events (2)

1. September 8, 1890 Receivership
Newspaper Excerpt
Evan Collidge, of the Waupaca National bank, assigned to Frank W. Hipple, of Waupaca, this morning. Assets, $37,000; liabilities, $27,000.
Source
newspapers
2. September 8, 1890 Run
Cause
Bank Specific Adverse Info
Cause Details
A heavy line of loans and discounts weakened the bank; a recent depositor run withdrew about $25,000.
Newspaper Excerpt
Cause of failure was too heavy line of loans and discounts, and a recent run on the bank, which drew out $25,000.
Source
newspapers

Newspaper Articles (3)

Article from St. Paul Daily Globe, September 9, 1890

Click image to open full size in new tab

Article Text

Waupaca's National Bank Fails. WAUPACA, Wis., Sept. 8.-Evan Col lidge, of the Waupaca National bank, assigned to Frank W. Hipple, of Waupaca, this morning. Assets. $37,000; liabilities, $27,000. The cause of the failure was a too heavy line of loans and discounts and a recent run on the


Article from The Mankato Free Press, September 12, 1890

Click image to open full size in new tab

Article Text

Caused by a Run on the Bank. Waupaca, Wis., Sept. 9.-Evan Collidge, of the Waupaca National bank, has assigned to Frank W. Hipple, of Waupaca. Assets, $37,000; liabilities, $27,000. Cause of failure was too heavy line of loans and discounts, and a recent run on the bank, which drew out $25,000. It is believed the liabilities will be paid in full.


Article from The Dickinson Press, September 13, 1890

Click image to open full size in new tab

Article Text

NORTH DAKOTA NEWS. The Valley City Times-Record has been enlarged. Jamestown Congregationalists will build a chnrch this fall. Buxton elevators refuse to buy or handle farmers' wheat. The East Grand Forks jail is crowded with vagrants run in by the police. Congress has authorized the survey of the seventh parallel between North and South Dakota. The new Bismarck land officers, Receiver Fisher and Register Neal, have taken charge of the office. Andrew E. Thornberg has been appointed postmaster of Mandan. There has been quite a contest over the office. John Myers, living near Grand Forks, is hunting for his 14-year-old runaway daughter and a Scandinavian named Gens Springham. United States Marshal Price is in Grand Forks, looking up a suitable room in which to hold a term of the United States court. Col. John L. Mitchell was nominated for congress Monday by the Democrats of the Fourth district, which includes the city of Milwaukee. The Grand Forks roller mills, consumed during the season ending Sept. 1, 1890, 250,000 bushels of wheat, and manufactured 54,000 barrels of flour. Burglars went through the Windsor at Grand Forks one evening last week, and robbed the guests of wearing apparel, jewelry, etc. The thieves were subsequently run down. Superintendent Sims, a well known elevator man, estimates an average yield throughout the state of nine bushels to the acre. In the Red River valley the average yield will be twelve bushels. The house has passed the senate bill appropriating $25,000 for a survey of the boundary line between North and South Dakota. The survey will be made under the direction of the secretary of the interior. Faulkton gives the Aberdeen and Pierre road-the Northern Pacific extension right of way through that city, depot grounds and yard room and $10,000 bonus, to encourage the early construction of the line. Evan Collidge, of the Waupaca National bank, has assigned to Frank W. Hipple, of Waupaca. Assets, $87,000; liabilities, $27,000. The cause of the failure was a too heavy line of loans and discounts and a recent run on the bank. There was a big prairie fire raging south of Dickinson last week, and a novel way to quench it a was adopted, horses being killed for the purpose and used as drags. The animals were killed and then split down the back and the carcasses attached to long ropes. It is estimated that hundreds of thousands of acres were burned over. North Dakota Republican: Mrs. Miller, wife of the governor, was a compositor in a little newspaper office at Dryden, N. Y., when her husband courted and married her. She dropped into that office the other day and set up a couple of sticks full of matter, just to show that her "right had not forgot its cun"Suja Peter Schoofs, agent for Cargill Bros.' elevator at Everest, N. D., was arrested charged with embezzlement from the elevator company. It is alleged he appropriated the proceeds of 107 bushels of wheat, S0 bushels of corn and 790 bushels of oats, amounting to about $800. It is alleged that he acknowledged taking $150. He was bound over to the Man! pased A communication intended for the clerk of the supreme court of Grand Forks county, was enclosed in an envelope and addressed the "Hon. 'Circus, Court. Grand Forks, N. D." Having been duly stamped and passed through the mails, it now remaineth on file in the office of the honorable auditor of the county. Fire at 12 o'clock Sunday night on the stock farm of C. L. Hood, at Midway, twelve miles north of Crosse, caused the death of three valuable horses, the trotting stallion Jack, the mare Good Night