22977. Waupaca County National Bank (Waupaca, WI)

View Charter #4414 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4414
Charter Number
4414
Start Date
August 2, 1893
Location
Waupaca, Wisconsin (44.358, -89.086)

Metadata

Model
gpt-5-mini
Short Digest
c717d6c0

Response Measures

Full suspension, Books examined

Other: Comptroller/Controller imposed conditions for resumption; receiver briefly mentioned in a different bank context but Waupaca complied with controller and reopened.

Description

Multiple contemporaneous articles report a run on Waupaca County National Bank leading it to close its doors on Aug 2, 1893. Comptroller/Controller authorized reopening; reopening published as Aug 28, 1893. The broader context was the nationwide banking stringency of summer 1893, so cause is classified as macro_news (systemic stringency) rather than isolated misinformation.

Events (5)
1. September 10, 1890 Chartered
Source
historical_nic
2. August 2, 1893 Run
Cause
Macro News
Cause Details
Run occurred during the late-summer 1893 nationwide banking stringency; heavy withdrawals led depositors to run on the bank.
Measures
Bank closed its doors (suspended payment) following heavy withdrawals.
Newspaper Excerpt
The Waupaca County National bank closed its doors this morning. The trouble was caused by a run on the institution.
Source
newspapers
3. August 2, 1893 Suspension
Cause
Macro News
Cause Details
Bank suspended (closed its doors) due to inability to meet continual withdrawals amid the broader financial stringency.
Newspaper Excerpt
The Waupaca County National Bank of Waupaca county, Wis., capital $50,000, closed their doors to-day.
Source
newspapers
4. August 28, 1893 Reopening
Newspaper Excerpt
the Waupaca County National Bank of Waupaca, Wis., ... have been authorized to reopen their doors. ... the latter on Monday, August 28.
Source
newspapers
5. June 17, 1910 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (18)
1. August 2, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 2, 1893

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Article Text

TELEGRAPHIC BREVITIES. The mail stage running between San Renito and the Hernandez Valley, Cal., was robbed Monday afternoon by three armed men. The fight in the Goshen, Ind., opera house last evening between LaBlanche and Dwyer for a purse of $500, resulted in LaBlanche knocking out his opponent in the fifth round. Thomas M. King, second vice-president of the Baltimore and Ohio Rai]way Company has been chosen president of the Pittsburg and Western. The road is now owned by the Baltimore and Ohio. In the silver convention in Chicago to-day ex-Senator Hill, of Colorado, in presenting the report of the committee on resolutions, said "The gold standard countries were in an abyss of industrial misery never experienced in a century as a result of their present condition of prices, while the silver standard countries were comparatively prosperous. The amount of money now locked up and hidden away was more than double all the gold in the country. The silver men would acquiesce in any international arrangement that promised to restore bi-metallic conditions to what they were before 1873." He criticised the men who were incapable of being anything beyond the confines of Wall street. A demand would be made for uncontrovertable paper money that could not be resisted. Among the failures reported to-day are the Denver, Col., Safe Deposit and Trust Company ; the Toronto, Ohio, Banking Company ; the First National Bank of Nampa, Idaho. the First National Bank of Birmingham, Ala. the El Paso, Tex., National Bank, and the Waupaca County, Wis., National Bank. This morning Jesse Crook. ex-superintendent of the Jeffersonville, Ind., Street Car Company, deliberately jumped into the Ohio river with suicidal intent, and was drowned. He was 46 years old and leaves a wife and daughter. Despondency prompted the act. Ex-Vice President Levi P. Morton's immense new barn at Rhinebeck, N.Y.. chicken houses and outbuildings, together with 100 head of Guersney and all farm horses were destroyed by fire this morning. Loss over $100,000. Three burglars overpowered two watchmen and did a neat job on a safe in the office of the Chicago newspaper union lastnight. They secured $15,000 worth of notes and commercial paper and $100 cash. Adam Smith & Co., wholesale liquor dealers, of Chicago, assigned this morning. Liabilities $125,000.

2. August 3, 1893 The Sun New York, NY
Article from The Sun, August 3, 1893

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More Bank Failures. BIRMINGHAM. Ala., Aug. 2.-The First National Bank failed to open its doors this morning. A notice was posted saving. Continual withdrawals of deposits and inability to collect money fast enough to meet the same caused the suspension." The capital is $250,000: assets. $1,350,000: liabilities, $650,000. A run on other banks is threatened. BOISE, Idaho, Aug. 2.-The First National Bank of Nampa failed yesterday: no statement. DENVER. Aug. 2-The Denver Safe Deposit and Trust Company assigned last evening. Assets. $400,000: liabilities. $100,000. Eastern creditors caused the assignment by pushing the concern. WASHINGTON. Aug. 2-The El Paso National Bank of El Paso. Tex., capital $150,000. and the Waupaca County National Bank of Waupaca county. Wis., capital $50,000. closed their doors to-day. The Comptroller of the Currency has appointed Jeremiah Mahoney as receiver of the First National Bank of Ouray. and Col. Thomas A. Marlow receiver of the Montana National Bank of Helena. Mont.

3. August 3, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 3, 1893

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Bank at Waupaca Closes. Waupaca, Wis., Aug. 2.-The Waupaca County National bank closed its doors this morning. The trouble was caused by a run on the institution. The general belief is that depositors will be paid in full. The president stated today that they had $40,000 in gilt-edged paper more than they were owing July 12.

4. August 3, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, August 3, 1893

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Bank at Waupaca Closes. WAUPACA, Wis., Aug 3.-The Waupaca County National bank has closed its doors. The trouble was caased by a run on the institution. The general belief is that depositors will be paid in full.

5. August 6, 1893 The Sun New York, NY
Article from The Sun, August 6, 1893

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Banking Tronbles, LEON. Ia.. Aug. 5.-The Decatur County Banking Association. the oldest concern in southern Iowa, including branch banks at Davis City and Garden Grove, suspended this morning. Assets, $471,000; liabilities. $315,000. T.S. Arnold has been named as assignee. It is believed that the embarrassment is only temporary. and that the depositors will be paid in ull. NEW BEDFORD. Aug. 5.-The New Bedford Safe Deposit and Trust Company closed its doors to-day. It was incorporated in 1888 with capital stock of $200,000. No statement has as yet been given out. It is officially said that depositors will be paid dollar for dollar. SPARTA. Wis., Aug. 5.-M. A. Thayer, operating banks at Sparta and Tomah. made an assignment yesterday. Depositors will receive about 60 cents on the dollar. The Waupaca National Bank is expected to resume in a few days. MANKATO. Minn., Aug. 5.-Marston. Larson & Davis, bankers at Lake Crystal. closed their doors this morning. but are solvent. The Mapleton bank also closed to-day. The Mankato Savings Deposit Bank, the only one left in this city. will likely continue business as heretofore. Comptroller Eckels telegraphed the Presidents of the three national banks to day that he considered their action in closing yesterday unwarranted. E. C. Stringer of St. Paul has been put in charge of them.

6. August 6, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 6, 1893

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TROUBLES OF BANKING COMPANIES. Leon, Iowa, Aug. 5 -The Decatur County Banking Association, the oldest concern In Southern Iown, Including brarch banks at Davis City and Garden Grove, suspended this morning. Assets, $471,000; liabilItles, $315,000. T. 8. Arnold has been named as assignee. It 1s believed that the embarrassment is only temporary, and that the depositors will be paid 10 full. Sparta, Wis., Aug. 5.-M. A. Thayer, operating banks at Sparta and Tomah, made an assignment yesterday. Depositors will receive about 60 cents on the dollar. The Waupaca National Bank is expected to resume in a few days. Washington, Aug. 5.-Controller Eckels has appointed John S. Lawrence receiver of the Northern National Bank of Big Rapid. Mich., and Gold S. Curtis receiver of the First National Bank, of Great Falls, Mont.

7. August 9, 1893 The Star Reynoldsville, PA
Article from The Star, August 9, 1893

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Article Text

Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of California's gold mines and smelters. The decrease of the earnings of the Western railroads for July, as compared with the June earnings, is estimated at $500,000.

8. August 10, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, August 10, 1893

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Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of Cali fornia's gold mines and smelters. The decrease of the earnings of the West ern railroads for July, as compared with the June earnings, is estimated at $500,000.

9. August 24, 1893 Evening Star Washington, DC
Article from Evening Star, August 24, 1893

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Colorado and Wisconsin Banks Resume. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca. Wis., which suspended payment on July 5 and August 2, respectively, having complied with the conditions imposed upon them by the controller of the currency, and the capital stock being unimpaired, have been authorized to reopen their doors to business The former will resume on Monday, September 4, and the latter on Monday, August 28

10. August 24, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 24, 1893

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posed upon It by the Controller of the Currency, and its capital stock being unimpaired, (was to-day permitted to reopen its doors for business. The American National Bank of Pueblo, Col., and the Waupaca County National Bank of Waupaca, Wis., which suspended payment on July 5 and August 2 respectively, have also been authorized to resume business. The former will resume on Monday, September 4, and the latter on Monday, August 28.

11. August 24, 1893 The Sun New York, NY
Article from The Sun, August 24, 1893

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Banks Allowed to Reopen. WASHINGTON. Aug. 23.-The Fourth National Bank of Louisville. which suspended payment on July 25. having complied with the conditions imposed upon it by the Comptroller of the Currency. and its capital stock being unimpaired. was permitted to-day to reopen its doors for business. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca, Wis.. which suspended payment on July 5 and Aug. 2 respectively. were also authorized to reopen their doors.

12. August 25, 1893 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, August 25, 1893

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Signs of Better Times. WASHINGTON, Aug. 24-The American National bank of Pueblo, Colo., and the Waupaca County National bank of Wanpaca, Wis, which suspended payment, have been authorized to resume business.

13. August 29, 1893 Evening Star Washington, DC
Article from Evening Star, August 29, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

14. September 3, 1893 The Times Richmond, VA
Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

15. September 8, 1893 The Iola Register Iola, KS
Article from The Iola Register, September 8, 1893

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NATIONAL BANKS RESUME. Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capital stock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind.; $300,000. Washington national bank, Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Scuthern California national bank, Los Angeles, Cal: $200,000. First national bank, Los Angeles, Cal.; $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal.; $150,000. First national bank, Kendallsville, Ind; $50,= 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank, Rico. Col.; $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank, Cisco, Tex.: $50,000. American national bank, Leadville, Col; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $250,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col; $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; $600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon, Tex: $100,000. Fourth national bank, Louisville, Ky.; $300,000. First national bank, The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, 1 Wis.: $50,000. Waxahachie national bank, Waxahachie, Tex.; $100,000. Citizens' national bank. Attica, Ind: $50,000. First national bank, San Marcos, Tex.; $80,000. 1 First national bank, Lockhart, Tex; $50,000. : Total capital stock, $6,030,000. Since January 1 last 154 national e banks have suspended. Of this num1 ber, one has gone into voluntary liquif dation, fifty-seven have been placed in f the hands of receivers, sixty-two are in the hands of bank examiners with ext cellent prospects of early resumption, t in addition to the thirty-four above a named which have already resumed t business.

16. September 9, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, September 9, 1893

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BANK SOON TO REOPEN. Wanpaca, Wis., Aug. 24.-The Waupaca County National bank of this city, which closed its doors some time ago owing to a run by its depositors, received instructions from Controller Eckels to reopen. This it w.ll do Monday, Aug. 28.

17. January 31, 1933 Two Rivers Reporter Two Rivers, WI
Article from Two Rivers Reporter, January 31, 1933

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75 6A 18 55 27-A Legal Notices STATE OF WISCONSIN County Court, Manitowoc County In the Matter of the Estate of Louis J. deceased. Notice is hereby given that at of said court to be held on Tuesday, the 21st day of February. 1933, at 10 o'clock in the forenoon of said day, at the county court in the city of ManitoWOC, in said county, there will be heard and considered: The of Lena Schmidt, executrix of the estate of Louis Schmidt, deceased, late of the town of Two Rivers, in said county, for the examination and allowance of her final account. which is now on file in said court, and for the allowance of debts claims paid in good faith without filing or allowance as required by law. and for the assignment of the residue of the estate of said deceased to such persons as are by law entitled thereto: and for the determination and adjudi. cation of the inheritance tax, if any, payable in said estate. Dated January 31, 1933. By Order of the Court. JOHN CHLOUPEK, Darkin, Attorney. BANK REOPENS WAUPACA. Wis. Farmers' State Bank, which suspended business Saturday, reopened today. The city's other bank, the Waupaca National, remained closed but officials predicted it will reopen soon under waiver plan.

18. January 31, 1933 Ironwood Daily Globe Ironwood, MI
Article from Ironwood Daily Globe, January 31, 1933

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REOPEN WAUPACA BANK CLOSED BUT TWO DAYS Waupaca, Jan. Farmers' State which suspended business today. The city's other the Waupaca National, closed ficials predicted will reopen soon under waiver plan.