Bank of Ellsworth (Ellsworth, WI)

Episode Information

Episode Type
Suspension โ†’ Reopening
Start Date
August 17, 1893
Location
Ellsworth, Wisconsin (44.732, -92.487)
Bank Type
state
Routing Number
79-0357

Metadata

Notes

Closure reported alongside River Falls; stockholders largely same, suggesting connected troubles.

Events (2)

1. August 17, 1893 Suspension
Cause
Local Banks
Cause Details
Closed contemporaneously with the Bank of River Falls; stockholders largely the same, indicating interconnected local bank distress.
Newspaper Excerpt
The Bank of Ellsworth, at Ellsworth, Wis., has closed.
Source
newspapers
2. August 19, 1893 Reopening
Newspaper Excerpt
Banks at River Falls and Ellsworth, Wis., which suspended a few days ago will resume.
Source
newspapers

Newspaper Articles (12)

Article from The Portland Daily Press, August 18, 1893

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Article Text

More Banks in Trouble. Hudson, Wis., August 17.-The bank of River Falls and the Bank of Ellsworth have suspended. Sheboygan, Wis., August 17-The Forest Venner Sealing company has assigned. Liabilities $100,000. Cleveland, Ohio, August 17.-The Cardington Banking company has suspended.


Article from The Morning News, August 18, 1893

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WISCONSIN FAILURES. Chair Seating Firm and two Banks Suspend. Sheboygan, Wis., Aug. 17.-The Frost Veneer-Seating Company of this city assigned. Assets, $300,000; liabilities, $100,000.' The assignee will continue business. TWO WISCONSIN BANKS CLOSE. Hudson, Wis., Aug. 17.-The Bank of River Falls, Wis., suspended yesterday. The statement for July 1 showed assets as $325,526, with liabilities at $284,000. The Bank of Ellsworth, at Ellsworth, Wis., has closed. The statement for July 1 showed assets $116,737, with liabilities $86,000. The stockholders of both banks are largely the same. It is believed they will reorganize. DUBUQUE RECORDS ITS FIRST BANK FAILURE. Dubuque, Iowa, Aug. 17.-The First National bank of this city suspended this morning. It was one of the oldest institutions in this city, and had a capital of $200,000. This is the first failure in Dubuque since the financial trouble began.


Article from Richmond Dispatch, August 18, 1893

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Wisconsin Banks Suspend. [By telegraph to the Dispatch.] HUDSON, WIS., August 17.-The Bank of River Falls, Wis., suspended yesterday. The statement for July 1st shows assets of $325,526 and liabilities of $284,000. The Bank of Ellsworth. at Ellsworth, Wis., has also closed. Its statement for July 1st shows assets of $116,737 and liabilities of $86,000. The stockholders of both banks are largely the same and it is believed that the banks will reorganize,


Article from St. Paul Daily Globe, August 18, 1893

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Badger Banks Fail. MILWAUKEE, Wis., Aug. 17. - The Bank of River Falls, Wis., R. S. Burhiyete president, capital $40,000, has suspended. The statement for July shows assets $325,526; liabilities, $284,000. The Bank of Ellsworth, Ellsworth, Wis., capital $35,000, also closed. The statement for July 1 showed assets $116,737; liabilities, $86,000. Stockholders in both banks were largely the same. It is believed the banks will be reorganized.


Article from The Madison Daily Leader, August 19, 1893

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NEWS IN BRIEF. Matters of More or Less Importance Tersely Touched Upon. Fire at Williamsburg, N. Y., destroyed 16 houses. The pope has raised the vicarate of Idaho to the dignity of a bishopric. Banks at River Falls and Ellsworth, Wis., which suspended a few days ago will resume. Officer James Gavin of St. Paul was found asleep on his beat and was dis charged. Cholera appears to have been completely stamped out in New York harbor. Secretary Carlisle has requested the resignation of J. Webb Flanagan, collector of customs at El Paso, Tex. Ernest Osmond, an English bicyolist, covered two miles on a safety in 4 minutes 24 2-5 seconds, breakingall records. P. S. Ware, editor of the Thief River Falls Press, has been appointed deputy United States marshal by Marshal Donahamer. The 83d birthday of Emperor Frans Josef was celebrated at the world's fair grounds by Austrians of this country. There was a large attendance. One of the best known and oldest of American landscape painters, John W. Casilear, N. A., died suddenly of apoplexy at Saratoga Springs, aged 82 years. At Denver, Frank Barton, a carpenter, was fatally shot by Officer McPhee, the policeman mistaking him for a burglar. The man ran when hailed and the officer, who was inexperienced fired three shots, two taking effect.


Article from Morris Tribune, August 23, 1893

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Saturday, Aug 19. The pope has raised the vicarate of Idaho to the dignity of a bishopric. Banks at River Falls and Ellsworth, Wis., which suspended a few days ago will resume. Cholera appears to have been completely stamped out in New York harbor. Secretary Carlisle has requested the resignation of J. Webb Flanagan, collector of customs at El Paso, Tex. Anthony Scott, residing in Highlands, a suburb of Denver, became insame on learning that his pension of $8 a month had been cut off. The 83d birthday of Emperor Franz Josef was celebrated at the world's fair grounds by Austrians of this country. There was a large attendance. One of the best known and oldest of American landscape painters, John W. Casilear, N. A., died suddenly of apoplexy at Saratoga Springs, aged 82 years. At Denver, Frank Barton, a carpenter, was fatally shot by Officer McPhee, the policeman mistaking him for a burglar. The man ran when hailed, and the officer, who was inexperienced, fired three shots, two taking effect.


Article from Watertown Republican, August 23, 1893

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Article Text

TWO BADGER BANKS FAIL. Banks of River Falls and Ellsworth Close Their Doors. HUDSON, Wis., Aug. 17.-The Bank of River Falls, Wis., R. S. Burhiyete; president, capital $40,000, suspended yesterday. The statement for July 1 shows assets $325,526, liabilities, $284,000. The Bank of Ellsworth, Ellsworth, Wis., capital $35,000,, also closed. The statement for Julv 1 showed assets $116,737; liabilities, $86,000. Stockholders in both banks were largely the same. It is believed the banks will be reorganized.


Article from River Falls Journal, August 24, 1893

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WEST AND SOUTH. AT Goodland, Kan., a hailstorm wrecked several buildings and fatally injured a man named Wood and his two sons. IN St. Paul C. 0. Rice & Co., dealers in carpets and wall paper, made an assignment with liabilities of $112,000. FLAMES destroyed the Tubbs hotel at East Oakland, Cal., the loss being $200,000. IN convention in Des Moines the Iowa republicans nominated Frank D. Jackson, of Des Moines, for governor; W. S. Dungan, of Chariton, for lieutenant governor; G. S. Robinson, of Storm Lake, for supreme judge; J. W. Luke, of Hampton, for railroad commissioner, and Henry Sabin, of Des Moines, for superintendent of public instruction. The platform approves the administration of Benjamin Harrison; favors maintaining both gold and silver as unlimited legal tender for the payment of debt. every dollar to be of equal value; opposes state bank money; says the pension system now in practice is a menace to the honor of the brave and deserving national defenders, and declares in favor of local option. A CONVENTION of the Pan-American Bimetallic association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, 0., also suspended. A BLAZE in St. Paul did $100,000 damage to the musie house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. THE doors of the National bank of commerce at Denver, Col., have reopened for business


Article from Wood County Reporter, August 24, 1893

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BANKS GO BROKE. The Burhyte Concern at River Falls in Trouble. Hudson, Wis., Aug. 17.-The Bank of River Falls, Wis., R. S. Burhyte, president, capital $40,000, has suspended. The statement for July 1 shows assets $325,526, liabilities, $284,000. The Bank of Ellsworth, capital $35,000, also closed. The statement for July 1 showed assets $116,737; liabilities, $86,000. Stockholders in both banks were largely the same. It is believed the banks will be reorganized.


Article from Eagle River Review, August 24, 1893

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Article Text

TWO BADGER BANKS FAIL. Banks of River Falls and Ellsworth Close Their Doors. HUDSON, Wis., Aug. 17.-The Bank River Falls, Wis., R. S. Burhiyete president, capital $40,000, suspended yesterday. The statement for July 1 shows assets $325,526 liabilities, $284,000. The Bank of Ells worth, Ellsworth, Wis., capital $35,000 also closed. The statement for July showed assets $116,737; liabilities, $80,00 000. Stockholders in both banks were largely the same. It is believed the banks will be reorganized.


Article from Iowa County Democrat, August 25, 1893

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Article Text

BANKS GO BROKE. The Burhyte Concern at River Falls in Trouble. Hudson, Wis., Aug. 17.-The Bank of River Falls, Wis., R. S. Burhyte, president, capital $40,000, has suspended. The statement for July 1 shows assets $325,526, liabilities, $284,000. The Bank of Ellsworth, capital $35,000, also closed. The statement for July 1 showed assets $116,737; liabilities, $86,000. Stockholders in both banks were largely the same. It is believed the banks will be reorganized.


Article from The Cape Girardeau Democrat, August 26, 1893

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Article Text

WEST AND SOUTH. IN convention in Des Moines the lowa republicans nominated Frank D. Jackson, of Des Moines, for governor; W. S. Dungan, of Chariton, for lieutenant governor; G. S. Robinson, of Storm Lake. for supreme judge; J. W. Luke, of Hampton, for railroad commissioner, and Henry Sabin, of Des Moines, for superintendent of public instruction. The platform approves the administration of Benjamin Harrison; favors maintaining both gold and silver as unlimited legal tender for the payment of debt. every dollar to be of equal value; opposes state bank money; says the pension system now in practice is a menace to the honor of the brave and deserving national defenders, and declares in favor of local option. A CONVENTION of the Pan-American Bimetallic association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed.