Dane County Bank (Stoughton, WI)

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Stoughton, Wis., June 10.-The Dane County Bank, doing a general banking business, suspended today.

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Wisconsin State Bank Failure

Milwaukee, June 12.-A Sentinel speclal from Stoughton, Wis., says the assets of the Dane County bank which closed its doors on Saturday are $223,000 and liabilities as $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver.

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Assets Ample

STOUGHTON, Wis., June 11.-The assets of the Dane county bank which closed its doors on Saturday are $223,000 and liabilities $173,000. The amount due depositors is said to be $155,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.

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BRIEF BITS OF NEWS

I The Sfax, with Dreyfus on board, has left Cayenne, French Guiana, for France. The Dane County (Wis.) state bank, doing a general banking business at The bank Stoughton, has suspended. was capitalized at $60,000. Director of Census Merriam has completed his official technical staff by the appointment of S. N. North of Boston chief statistician in charge of the division of manufacturing and mechanical industries. A telegram received at the navy department from Admiral Kautz, at Honolulu, via San Francisco, states that he arrived at Honolulu June 1. He was to leave on June 10 and arrive at San Francisco on the 22d. John J. Lalor, the well known writer on politcal economy, formerly of Milwaukee, who fell from the steps of the treasury department at Washington Thursday, died from his injuries and shock, at the Emergency hospital.

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Wisconsin Bank Closed

Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.

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Wisconsin Bank Closed

Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.

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FAILURE OF STOUGHTON BANK

It Is Caused by Speculation in Texas and Mexico Land. Stoughton, Wis., June 13.-The assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and the liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe of Madison was appointed receiver. The sus-

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Wisconsin StateBank Failure

Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane County bank which closed its doors on Saturday are $223,000 and liabilities as $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver.

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Monday, June 12. The sugar war is reported over. The Sfax, with Dreyfus on board, has left Cayenne, French Guiana, for France. Cleveland street car employes are on a strike. They have a number of grievances they wish redressed. The Afro-American council hasissued an appeal to Southern governors, legislators and judges to prevent lawlessness and lynching. The government report shows a reduction of 2.5 per cent in spring wheat acreage. The condition is 91.4, against 100.9 last year. The Dane County (Wis.) state bank, doing a general banking business at Stoughton, has suspended. The bank was capitalized at $60,000. Major Sears of the corps of engineers, U. S. A., now stationed at Duluth, has been detailed to establish harbor lines in the harbors of Porto Rico. A telegram received at the navy department from Admiral Kautz, at Honolulu, via San Francisco, states that he arrived at Honolulu June 1. He was to leave on June 10 and arrive at San Francisco on the 22d.

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Sues I

O. Brictson for $42,000 Papers were filed in the circuit court Monday afternoon in the suit of G. E. Roe, as receiver of the Dane County Bank, of Stoughton, against I.O. Brictson, of Deerfield, to recover judgment for $42,000, the aggregate of seven notes given by Brictson to J. H. Joice, who was cashier of the bank before its failure and which it is alleged in the complaint were endorsed by him and delivered to the bank and became part of its property. In his answer to the complaint Mr. Brictson states that there had been negotiations between himself and Joice as to the latter acquiring an interest in the "Hacienda de San Goes de las Rusias," in Mexico, in which Brictson had invested $120,000, and that it was agreed that Joice should invest at least $50,000 therein. That Brictson signed the notes; as a convenient mode of showing the amount to be SO invested, with the express agreement that they were not to be paid by him, and he alleges that the officers of the bank had full knowledge of these facts.-Madison Journal.

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OPERATIONS OF CASHIER CAUSED DANE BANK FAILURE. RECIEVER REPORTS TODAY Will Show That Bank Has Over Two Hundred Thirty Thousand Dollars Nominal Assets and About One Hundred Eighty Thusand of Liabilities-Joice Probably in Mexico. Madison, Dec. 22. Gilbert E. Roe, receiver of the Dane County bank of Stoughton, will file his complete report of the assets and liabilities of the defunct concern in the circuit court this morning. The document will show that the cause of the failure of the bank was the speculative bent of its cashier, U. H. Joice, who sunk $52,000 of the bank's funds in the Lopez cattle ranch with I. O. Brictson of Deerfield. This money, he says was taken direct from the bank's funds by Joice and all the receiver has to show for it is Joice's stock in the ranch. The report will show nominal assets of $230,000 to $240,000, including the Joice cattle ranch stock, but the actual assets are probably not above $150,000. The debts owned by the bank foot $180,000 and there is no probability of the concern paying the 100 per cent. expected by many of its creditors unless the Joice cattle stock proves of value, a probability now very remote. Joice is believed to be in Mexico.

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CREDITORS GET 30 PER CENT

First Dividend in Dane County Bank. B. E. Wait, Receiver. In the circuit court at Madison on Wednesday, Judge Siebecker passed upon the report of Receiver G. E. Roe, of the defunct Dane County Bank, Stoughton. The court ordered a first dividend of 30 per cent for undisputed claims, which will be paid in about a week, as soon as the interest can be computed. Receiver Roe announced his resignation, owing to the fact that he is about to remove to New York, and the court announced that Ben E. Wait of Stoughton, would be appointed to succeed him, his appointment having been requested. Mr. Roe reported his expenses as receceiver to be $584.05, this including sheriff's fees, clerk of court fees, traveling expenses, etc. His own charge for services was $750, being $10 per day for actual time spent. Also the bill of Ben E. Wait, one of his attorneys, $549. All were allowed. There remains the bill of R. M. LaFollette, who is also attorney for the receiver, and which Judge Fish of Racine, will be called in to audit, the statue disqualifying Judge Siebecker from passing on it, be being a relative of Mr. LaFollette.

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Stougnton.

Thore Olson, who has been seriously ill for some time with dropsy and last Saturday evening was not expected to live, is reported to be improving slightly.

Mr and Mrs Abraham Severson were pleasantly surprised at their home east of town last Saturday evening by about fifty of their friends, of whom one-half went out from here. Supper was served and dancing indulged in until after mid- night. Mr and Mrs Severson were made the recipients of a handsome chair.

January 25th, the anniversary of the opening of the Old Folks' Home, was duly commemorated at the institution. The 25th of January has been the occa- sion of pleasant gatherings now for three years, and this last was no exception. The morning address was given by Rev M P Ruh, after which an exceptionally fine dinner was served in the dining room to the inmates, the directors and their wives, and Mr and Mrs Jerome Scolen, whom all delight to honor on such occasions. After dinner the gath- ering was addressed by Rev A Bredesen, who dwelt especially on the many bless- ings that had rested upon the institution since its opening. Not a single death has occurred since the same company celebrated the last anniversary. The in- mates now number 37, and three more have been accepted and are expected in the near future, making the number 40, which is all that can comfortably be ac- commodated with the present capacity of the Home. Indications are that more buildings will have to be built, as new applications for membership are con- stantly coming in.

Attorney Ben E Wait, receiver for the Dane County Bank, held an auction in front of the postoffice Friday and dis- posed of fifty-five thousand dollars of unpaid accounts and claims against vari- ous parties. There were about fifty present and the bidding began at fifteen dollars and was raised gradually by 15 and 25 cent offers until the sum of $250 was reached. The contest was mostly among Chris Olsen, Robe Dow, H A Hulsether and Barney Kittilsen. The largest claims were against W F Olsen, the Chicago real estate man, who always borrowed five thousand dollars at a time. There were many notes given by pur- chasers of Texas land who refused pay- ment because the Grand Falls Irrigation company was unable to give a clear title. Those who have kept the parcels con- tracted for were compelled to repur- chase from the new owners of the Pecos Valley property.

Editor Charles S Crosse of Stoughton deems himself a very lucky man. Play- ing with his little daughter some weeks ago the child accidentally thrust a tiny finger into his left eye. A slight scratch upon the eyeball resulted which, though painful, was passed over lightly. But soon inflammation developed and be- came very serious. Finally Mr Crosse, led like a blind man, was taken to the hospital at Janesville, where he was in- formed that the immediate removal of the injured member was necessary to save the other eye. Yet, in the desper- ate hope of better things, the patient was put under medical treatment for a short time. A beneficial change was noticeable soon, and resort to surgery was happily found needless. In due time recovery became complete, and the editor feels now that only by a miracle was he saved the loss of one eye even if not of total blindness.