Corn Exchange Bank - Waupun, WI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 5, 1878
Location: Waupun, Wisconsin (43.633, -88.730)

Metadata

Model: gpt-5-mini
Short Digest: e90426ed

Response Measures

None

Description

Article (River Falls Journal, Mar 14 1878) refers to an appropriation for money lost in the bursted Corn Exchange bank of Waupun, indicating the bank had failed/been burst and money was lost. No mention of a run prior to the suspension/closure in the provided text. Date uses the article dateline (March 5, 1878) as reference for the failure/closure being already occurred.

Events (2)

1. March 5, 1878 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as bursted indicating a failure of the bank (losses/insolvency) rather than a run or rumor.
Newspaper Excerpt: appropriating $9,500 to H. N. Smith, State prison commissioner, for money lost in the bursted Corn Exchange bank of Waupun
Source: newspapers

2. * Other

Newspaper Excerpt: The legislature appropriated funds to cover money lost in the bursted Corn Exchange bank of Waupun (bill passed).
Source: newspapers

Newspaper Articles (1)

1. March 14, 1878 River Falls Journal River Falls, WI

Article from River Falls Journal, March 14, 1878

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Article Text

# WISCONSIN LEGISLATURE. MADISON, Wis., March 5. In the Senate Price's resolution for amendment to the constitution prohibiting the traffle in intoxicating liquors came up and was discussed at length. Senators Price and Reynolds made strong arguments in its favor, and Senators Anderson, Wing and others against. The resolution was finally killed, 13 to 14. Bills passed: The local option law for villages and towns; for exhibition of Wisconsin dairy products at the Paris exhibition; providing for seven fish commissioners. Bills were concurred in appropriating $9,500 to H. N. Smith, State prison commissioner, for money lost in the bursted Corn Exchange bank of Waupun; for the preservation of trout in St. Croix county. Bills killed: Amending the railroad law so as to prevent persons using unfenced as well as fenced railroad tracks as public highways; restoring capital punishment and relating to attachments. The bill for the enlargement of the State capitol was made the spécial order for to-morrow. In the Assembly bills passed relative to the publication of city charters, the Assembly spending most of the session in committee of the whole. EVENING SESSION. The Senate had an evening session to-night for consideration of the several bills relative to insane institutions. The bill for a State institution for insane and cure of inebriates in the city of Milwaukee was indefinitely postponed, and bills appropriating a hundred and ninety thousand dollars to the Northern asylum, and eighty thousand dollars to the State Insane asylum for the erection of new wings, and also for the cure of insane, were made the special order for to-morrow at 11 a. m. MADISON, Wis., March 6. The Senate was largely occupied on a bill providing for a county system for care of the insane. It was largely amended, laid over and ordered printed. A bill for enlarging the supreme court rooms was passed to the third reading by a large majority. Bills passed in regard to making out life insurance policies, relating to the foreclosure of mortgages, for locating and changing county seats, and in relation to the publication and sale of reports of the geological survey. A resolution was adopted intsructing all committees to report all bills by the 9th. The bill for the extension of the capitol was ordered to the third reading. In the Assembly a bill was concurred in providing for sterotyping the reports of the supreme court. The bill appropriating fifteen thousand dollars to the Milwaukee home for the friendless, was ordered to the third reading. A large number of bills were indefinitely postponed. NIGHT REPORT. MADISON, Wis., March 6. The Assembly had a session to-night on the Senate bill making eight years' continued insanity grounds for divorce. After an exhaustive discussion by Pope and Carter in favor of passage, and Ed Wall against, the bill was indefinitely postponed by a vote of 51 to 40. The railroad committee of the Assembly will to morrow report a bill repealing the Wisconsin Central exemption law back to the Assembly, and recommend its indefinite postponement. MADISON, Wis., March 7. The Republican members of the Senate and Assembly held a caucus to-night, and resolved on the appointment of legislative and congressional committees to aid the central committee in the organization of the party for the campaign of 1878. A committee from each congressional district was appointed. In the Senate, this morning, the bill passed relating to the publication and sale ef reports of the geological survey -ayes 28, nays 1. Authorizing the State board of health to make its annual report and publish 8,000 copies thereof -ayes 20, nays 5. A large number of bills were passed in the Assembly. Among others, Senate bills passed appropriating $15,000 to the Milwaukee Industrial school for girls; for protecting the State capitol against fire, and to supply water for the use of the school and park; for removal of civil actions in certain cases; to amend the revised statutes in relation to county offices; to authorize the judge of the eleventh judicial circuit to appoint an additional court commissioner; to authorize the Governor to execute a quit claim deed in certain cases; relating to certain classes of railroad bonds therein named; and to provide for the purchase of two hundred copies of Webster's dictionary. Assembly bills passed to reduce the price of swamp and overflowed lands in La Crosse county; for the protection of game in St. Croix county; to amend the law relating to the business of breeding and raising furred animals; to appropriate money to the Northern hospital for the insane for current expenses; to secure to citizens the benefits of an elementary education; authorizing the commissioners of school and university lands to loan a portion of the trust funds to Chippewa Falls for school building purposes; to provide for laying and establishing and building a state road from the city of Centralia to Knowlton; to prevent the adulteration of milk in butter and chese factories, and to amend the charier of the Wisconsin river improvement company. The Senate this afternoon killed the bills restoring capital punishment, providing for licensing engineers, and the inspection of boilers, and amending the liquor law, making it criminal to sell liquor to minors. MADISON, Wis., March 9. In the Senate the bill was concurred in amending the city charter of Eau Claire. Under suspension of the rules bills passed to incorporate the city of Jefferson. Under suspension of rules in the Assembly bills passed to authorize the commissioners of school lands to extend the time of a certain loan: to peal the law authorizing a free bridge across the St. Croix river in Burnett county: to provide for the preservation of fish in Coon river; relating to registration of voters in incorporated cities; to amend the laws relating to the sale of land for unpaid taxes. Both houses adjourned until Monday evening. It looks now that the Legislature will adjourn sine die Friday or Saturday next, to be called together on the 28th of May, by which time the revisory commission will have finished the revision of the statutes. At the extra session the legislature will not last to exceed a week. Nearly all the members and employes have gone home and the city is extremely quiet. MADISON, March 11-Both Houses had sessions to-night. The Senate passed bills for the relief of H. N. Smith, warden of the State prison; appropriating $81,980 to the Northern insane asylum; prohibiting the employment of children in factories, and indefinitely postponed the compulsory educational bill. In the Assembly the bill was concurred in to remedy the evils consequent upon destruction of any public records by fire or otherwise. Bills passed to authorize the construction of a dam across Greaner's creek in Barron county; to appropriate money to provide for postage stamps for employes; to provide for transfer of the normal school fund income to the treasurer of the board of regents of normal schools; to extend the time for construction and completion of the Chicago, Portage & Superior railway; to declare the true intent and meaning of the language used in section thirty of chapter one hundred and fifty-one of the general laws of 1860, entitled an act to codify the laws relating to Normal schools, and to amend chapter 94 of the general laws of 1857, and chapter 116 of the general laws of 1866, and of similar language used in other statutes of the State. The State central committee through its secretary, Frank Leland, endorse the nominations of Judge David Taylor and Judge Harlow S. Orton as additional judges of the supreme court. # LAWS OF WISCONSIN.