Berlin National Bank (Berlin, WI)

View Charter #4641 on SPMC View balance sheet

Episode Information

Episode UID
464101259
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
46410 national
Charter Number
4641
Start Date
November 17, 1904
Location
Berlin, Wisconsin (43.968, -88.943)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c8540385ecd7dbae

Response Measures

Capital injected, Full suspension

Receivership Details

Depositor recovery rate
70.0%
Date receivership started
1904-11-17
Date receivership terminated
1911-12-31
OCC cause of failure
Losses
Share of assets assessed as good
47.2%
Share of assets assessed as doubtful
38.0%
Share of assets assessed as worthless
14.8%

Events (5)
1. October 8, 1891 Chartered
Source
historical_nic
2. November 17, 1904 Receivership
Source
historical_nic
3. November 17, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Public notices about a 60% assessment were misconstrued by depositors, triggering withdrawals
Newspaper Excerpt
These notices were misconstrued by the depositors; a run on the bank resulted
Source
newspapers
4. November 17, 1904 Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors closed doors after run caused by misconstrued notices calling for assessment
Newspaper Excerpt
Owing to the withdrawal of deposits the business of this bank has been placed in the hands of the comptroller of the currency.
Source
newspapers
5. November 18, 1904 Receivership
Newspaper Excerpt
Bank Examiner Parker immediately was appointed receiver.
Source
newspapers

Newspaper Articles (18)
1. November 18, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 18, 1904

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Article Text

RUN CLOSES A BANK. Depositors Said to Have Made a Mistake Regarding Situation. Berlin, Wis., Nov. 18.-The Berlin National bank has closed its doors and posted a notice saying: "Owing to the withdrawal of deposits the business of this bank has been placed in the hands of comptroller of the currency." A meeting of stockholders had been called for December 5 to arrange for paying a 60 per cent assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors; a run on the bank resulted and became so serious that the directors determined to close the doors. The deposits aggregate $180,000.

2. November 18, 1904 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, November 18, 1904

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Article Text

BANK TROUBLES, National of Belin, Wis., Closes Its Doors -A President Arrested. Berlin, Wis., Nov. 17.The Berlin National bank closed its doors at noon today and posted a notice saying: "Owing to the withdrawal of deposits the business of this bank has been placed in the hands of the comptroller of the currency." A meeting of the stockholders had been called for December 5 to arrange for paying a sixty per cent. assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors, a run on the bank resulted, and became soserious that the directors determined to close the doors. The deposits aggregate $180,000.

3. November 18, 1904 Perth Amboy Evening News Perth Amboy, NJ
Article from Perth Amboy Evening News, November 18, 1904

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Article Text

Wisconsin Bank Fails. WASHINGTON, Nov. 18.-The comptroller of currency last night received a dispatch from the cashier of the Berlin National bank of Berlin, Wis., announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.

4. November 18, 1904 The Cairo Bulletin Cairo, IL
Article from The Cairo Bulletin, November 18, 1904

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Article Text

RUN ON A BANK CLOSED ITS DOORS STATEMENT ISSUED THAT IT INTENDED TO STRENGTHEN ITSELF WAS MISCONSTRUED BY DEPOSITORS. By the Associated Press. Berlin, Wis., Nov. 17.-The Berlin National bank closed its doors at noon today and posted a notice to the effect that the suspension was due to the withdrawal of deposits. The meeting of the stockholders had been called for December 5 to arrange for paying sixty per cent assessments in order to strengthen the bank and remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by depositors; a run on the bank resulted. and became so serious hat the directors determined to close the doors. Deposits aggregate $180,000. : FOLLOW RUN ON BANK

5. November 18, 1904 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 18, 1904

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Article Text

[Correst D. From Washward of the C., Nov. naval there circles Again of the the question Washington. is trouble in rank and title Up Rear Admiral by the story of Peter gineer of retired officers. has discovered officer retired. Civil En- of I., R. Park, Floral is he which cards labelled shur, another retirede S. "Rear visiting Adwith that which being Rear Upshur Admiral the Navy retiredade althis has therefore complaintio madeeting against protesting and of title, false leged Mr. in Asthat he his protest a he tried court. before serson offian conduct of cer unbecome the and being destructive of discipline maintenance look martial and for gentlemand morals in the into service. the Morton Secretary New York his from matter As. Mr. that but hardly possible to a be court will hailed of his cards. calling who It also was Upsbur less ago year than that ing another Darling correct serson the engravindiniral Rear Accomplained to civil actwas as rear admiral, the in title. like higher enginemanner usurping said Mr. upon occasion Darling if some sarcastic somewhat trenchant the rethat and words and Rear supposemiral tired Upshur officers in the drop would matter. particular Pay A.S. Kenny Director spite of this the department petitioned in the such Genretired. only In last week his designation paymanted to Morton refused thing he are that to "+gocial chauspegiater" and the will chances in. of the form the complainted eral, to do any in such the present that case with the time affairs department of far greater importance. States Minister United Sorsby, at to the has reported Bolivia, a of the terms treaty and Bolivia recently of the Chili those State LaPaz, epartment between of the disputes the regarding between conterritorial definitions countriestivia now occucedes Pacific territory the by pied BoliviaPeravianto Chili war Chilisincethe 1879.80 definitely these receives by the Chili The of are 1894 the only Chilean and in concession return grantrogated to advantage and Chili nation favored accruing Bolivia tariff. will treaty now under enjoy the is given most absolute freethis Shaw clause. in her customs the Treasury call upon na- for dom of a general the country deposits afternoon banks be paid on be. tional cent. of the 10 per cent. or before 15, It is 25 per by them, S. Treasury cent. on or this held into the U. and 15 estimated that January fore March 15. about $25, the 000, Currency has will in of Bank Examiner Naappointed The Comptroller receiver National of Wisconsin, the Berlin upon that as of Berlin, announcing the deposits tional Parker Bank of a telegram of latest statereceipt withdrawal The of owing to been closed. and liabilities shows resources bank has resources Submitted and to ment of the was amounting on $269.4 side the liabilities the bank each. and Loans and aggregate discounts $183,444. liabilities the largest assets items with among Hitchcock as The is the Secretary Moody reg- are today President and Attorney to whether General there is at a the commissioner Mr. of head a Ware briefly tendered tion to early ularly at sea constituted the bureau of worded pensions. resigna- in the Roosevelt President acthe and week received President's time Since that Commissioner determination in But remain e has present just at has been ceptance: Ware expressed office the rest a resigned of the year, and There his accepted. of resignation his as to the doubt legality the three past during should be made, checking questions official is grave It actions is not impossible they would that be declared void. was uneventmeeting to fu1. Most devoted general of the were discusscobinet Members Today's Cabinet of the time of current requested by events. his to for the submit considerPresident any they annual message tariff to Congress. be will not touched question ation desire at embodied once It in is his said that upon the in that to the of instructions issued banks, tomorrow. document. The formal covering letter the The call will call includes all be depositories is probatly except a few active of the deposit with the banks amount compared govamount As where the small as handled for the the the Treasury relatively of business s a result from the call will be ernment. balance of $50,000.00 000. was Luther rking about New York, today special of included WC to Conant, jr., of xaminer in the Bureau Department appointed and Labor. at large There attendance 10 today witness Benning of Commerce was another the races. the by made P. physicians The announcement altending.com Col. W. C. that

6. November 18, 1904 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, November 18, 1904

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Article Text

DEPOSITORS MAKE MISTAKE AND CLOSE DOORS OF BANK Wrong Interpretation of Assessment Order Brings Ruin to Financial Institution in Wisconsin. BERLIN, Wis., Nov. 17.-The Berlin National Bank closed its doors at noon to-day and posted a notice saying: "Owing to the withdrawal of deposits, the business of this bank has been placed in the hands of the Comptroller of the Currency." A meeting of stockholders had been called for December 5th to arrange for paying a sixty per cent assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors; a run on the bank resulted and became so serious that the directors determined to close the doors. The deposits aggregate $160,000.

7. November 18, 1904 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, November 18, 1904

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Article Text

Bank's Doors Closed. Washington, Nov. 17.-The Controller of the Currency has received a dispatch from the cashier of the Berlin National Bank of Berlin, Wis., announcing that because of a run on the bank to-day its doors were closed. Bank Examiner Parker immediately was appointed receiver.

8. November 18, 1904 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 18, 1904

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Article Text

WISCONSIN BANK CLOSED. Washington, Nov. 17.-The comptroller of the currency this evening recelved a dispatch from the cashier of the Berlin bank of Berlin, Wis., announcing that because of a run of the bank today its doors were closed. Bank Examiner Parker immediately was appointed receiver.

9. November 18, 1904 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, November 18, 1904

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Article Text

TWO BANKS CLOSE DOORS POPULAR MISCONCEPTION OF CONDITIONS CAUSES A RUN ON NATIONAL BANK AT BERLIN, WIS. Berlin, Wis., Nov. 18.-The Berlin National bank closed its doors yesterday and posted a notice saying: "Owing to the withdrawal of deposits the business of this bank has been placed in the hands of the controller of the currency." A meeting of the stockholders had been called for Dec. 5 to arrange for paying a 60 per cent assessment in order to strengthen the banks and to remove any doubtful paper which might befound. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors. A run on the bank resulted and became so serious that the directors determined to close the doors. The deposits aggregate $180,000. Bank Examiner Parker has been appointed receiver. I Carson, Iowa, Nov. 18.-The Bank of Carson, capital $50,000, closed its doors yesterday and its affairs will be liquidated. The bank has been in business twenty-three years. A new bank has been organized which will take over the deposits.

10. November 19, 1904 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, November 19, 1904

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Article Text

The Berlin, Wis., National Bank, has succumbed to a run and closed its doors. and a receiver is in charge.

11. November 19, 1904 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, November 19, 1904

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BANK CLOSES ITS DOORS Berlin, Wisconsin, Institution Stops Business After a Run. Berlin, Wis., Nov. 19.-The Berlin National bank closed its doors yesterday and posted a notice saying: "Owing to withdrawal of deposits the business of this bank has been placed in the hands of the controller of the currency." A meeting of the stockholders had been called for Dec 5 to arrange for paying a 60 per cen: assessment to strengthen the ban: and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination. These notices it is said. were misconstrued by the depositors, a run on the bank resulte and became so serious that the directors closed the doors.

12. November 19, 1904 Ottumwa Tri-Weekly Courier Ottumwa, IA
Article from Ottumwa Tri-Weekly Courier, November 19, 1904

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BANK CLOSES DOORS. Berlin, Wis., Institution's Officers Say Run Causes Suspension. Berlin, Wis., Nov. 18.-The, Berlin National bank closed its doors yesterday and posted a notice to the effect the suspension was due to the withdrawal of deposits. A meeting of the stockholders has been called for December 5, to arrange for paying sixty per cent of the assessments in order to strengthen the bank and remove any doubtful paper which might be found.

13. November 19, 1904 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, November 19, 1904

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Frank J. Hecker, of Detroit, has resigned from the Panama canal commission. The Berlin, Wis., national bank closed its doors Thursday, owing to a run on the bank. The deposits aggregate $160,000. Richard Croker, a former Tammany chieftain, will spend a quarter of a million dollars on improving his new home at Stillogan, five miles from Dublin, Ireland, where be will take up his permanent residence. The Bank of Carson, Ia., with a capital of $50.000 suspended Thursday. The bank had been in business twety -three years. The annual horse show in New York, this week, has proven to be the most successful event in the history of the association. The pier and shed of the Warren line of steamers, at Charleston, Mass., together with their contents, were totally destroyed by fire Thursday night. The loss will amount to nearly $600,000.

14. November 21, 1904 Vilas County News Eagle River, WI
Article from Vilas County News, November 21, 1904

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NATIONAL BANK AT BERLIN FAILS Washington, Nov. 18.-The comptroller of the currency last evening received a dispatch from the cashier of the Berlin National bank, Berlin, Wis., announcing that because of a run on the bank yesterday its doors were closed. Bank Examiner Parker immediately was appointed receiver. Run Causes Doors to Be Closed. Berlin, Wis., Nov. 18.-The Berlin National bank closed its doors at noon yesterday and posted a notice to the effect that the suspension was due to the withdrawal of deposits. A meeting of the stockholders had been called for December 5 to arrange for, paying a 60 per cent. assessment in order to strengthen the bank and remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors, a run on the bank resulted and became so serious that the directors determined to close the doors. The deposits aggregate $180,000.

15. November 24, 1904 River Falls Journal River Falls, WI
Article from River Falls Journal, November 24, 1904

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WEST AND SOUTH. In commemoration of the seventieth anniversary of the birth of Empress Dowager An, "China day" was celebrated at the world's fair in St. Louis. In a rear-end passenger train collision at Elmdale, Mich., on the PereMarquette railroad three persons were killed and nine injured. Chicago banks' deposits have reached $593,000,000, the largest in their history, and an increase of over $20,000,000 since the last report. Arrested for wife-beating, and failing to make peace with his spouse, Charles Shyck attempted to kill her, her sister and his baby in a Chicago police station, and then killed himself. The Berlin national bank, of Berlin, Wis., has closed its doors because of a run. Dan Patch lowered the world's record at Oklahoma City, Okla., for pacing a mile on a half-mile track, the official time being 2:03 flat. The death is announced of William Perkins, better known as "Moccasin Bill," on a ranch near Montrose, Col., aged 80 years. He went to Colorado in 1860 as a government scout to watch the movements of the Indians. He was a famous bear hunter. On the Urbana Chautauqua camp grounds, 12 miles north of Springfield, O., 300 cottages were destroyed by fire. Loss, over $100,000. Flames in the Arcade department store and the Decatur hotel, at Decatur, Ill., caused a total loss of $125,000. Fire totally destroyed the Meridian Street Methodist church at Indianapolis. The loss is $75,000. Vice President-Elect Fairbanks and Senator Albert J. Beveridge were trustees of the church. The delegates to the American Federation of Labor convention in San Francisco, by unanimous vote, decided to aid the striking textile workers of Fall River to the extent of $25,000 per week for three weeks. A loss of $20,000 was incurred by the burning of the Loretto academy at Cairo, Ill. It is proposed to hold in Chattanooga, Tenn., in 1915, a world's fair to be known as the Semi-Centennial Peace Jubilee exposition, commemorating the end of the war between the states. A company, with a capital stock of $25,000,000, has been incorporated for the purpose of building a model oriental city on the bay shore at South San Francisco, Cal., and moving the Chinese quarters to that place. Plans are being laid for a $50,000,000 car lire subway for Chicago.

16. November 24, 1904 Iron County Register Ironton, MO
Article from Iron County Register, November 24, 1904

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The comptroller of the currency at Washington received a dispatch from the cashier of the Berlin national bank of Berlin, Wis., on the 17th, announcing that because of a run on the bank its doors were closed. Bank Examiner Parker immediately was appointed receiver.

17. November 25, 1904 Eagle River Review Eagle River, WI
Article from Eagle River Review, November 25, 1904

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Run Closes Berlin Bank. The Berlin National Bank closed its doors the other day as the result of a run by denosit ker was appointed receiver by the Comptroller of the Treasury. The depositors misconstrued a call for a meeting of stockholders to arrange for paying a 60 per cent assassment in order to straighten the institution. The deposits aggregate $180,000.

18. December 1, 1904 River Falls Journal River Falls, WI
Article from River Falls Journal, December 1, 1904

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WISCONSIN STATE NEWS. Berlin Bank Suspends. The Berlin national bank has closed its doors. A meeting of stockholders had been called for Docember 5 to arrange for paying a 60 per cent. assessment in order to strengthen the bank and to remove any doubtful paper which might be found. Notices had been issued to the public stating the bank's determination to strengthen itself. These notices were misconstrued by the depositors. A run on the bank resulted, and became so serious that the directors determined to close the doors. The deposits aggregate $180,000.