Germania Bank (Milwaukee, WI)

Episode Information

Episode UID
1374994090659
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
137499409 hash
Start Date
November 20, 1854
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8dcce062f1b30e08

Response Measures

None

Events (3)
1. November 20, 1854 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported suspension of the bank (insolvency/closure suggested in reporting of failures and discredit of banks in region)
Newspaper Excerpt
The Germania Bank of Milwaukee (Messrs. Geo. Papendick & Co.) is reported suspended
Source
newspapers
2. August 12, 1859 Receivership
Newspaper Excerpt
For the redemption of the outstanding circulation of these Banks, securities have been assigned in trust, to the State Treasurer, amounting in the aggregate to $870,760.
Source
newspapers
3. August 12, 1859 Suspension
Cause
Government Action
Cause Details
State Comptroller reports the bank is winding up and securities assigned in trust to the State Treasurer for redemption of outstanding circulation
Newspaper Excerpt
the following Banks care now winding up in Wisconsin : ... Germania Bank, Milwaukee
Source
newspapers

Newspaper Articles (5)
1. November 20, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 20, 1854

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Article Text

$36,655,598 92 Total for the year The Knickerbocker Fire Insurance Company has declared a dividend of 10 P cent., payable Dec. 1. The Bartlett Mills has declared 4 P cent., and James Steam Mille 3 P cent., payable on demand. We have received a statement of the affairs of the Knickerbocker Life Insurance Company. It will be seen that the assets of the Company amount to $151,413 28, of which $122,500 are invested in first-class bonds and mortgages. The premiums received thus far are $51,937 39, while the losses amount to $4,204 17. The whole amount at risk is $1,247,204. The Company, it is stated, has no connection with the Bank of the same name, beyond having used it as a depository for its floating funds. The amount deposited there was less than $2,500, and that will be repaid to the Company in due time. In our notice of the quarterly statement of the Mutual Life Insurance Company of New-York the number of policies rumored to be running at 1st November was stated at 2,982, whereas it should have been 2,982. Another case of Suffolkcation has occurred, the Stark Bank at Bennington, Vt., having been thrown out at Boston. The notes of the Woodbury Bank, which were thrown out last week, are received at the Mercantile Bank in this City. The Germania Bank of Milwaukee (Messrs. Geo. Papendick & Co.) is reported suspended, but the notes are still taken. Beyond this we hear of no new disasters at the West. The creditors of Messrs. Ellis & Sturges and T.S. Goodman & Co., have petitioned the assignee of those firms to cancel the assignment and retransfer the propery,that those gentlemen may go on with the business of their respective houses, or wind up their affairs, as they think most judicious. The following statement of the affairs of Messrs. Goodman & Co. has been made: EXHIBIT OF ASSETS AND LIABILITIES.:

2. December 12, 1854 Minnesota Weekly Times Saint Paul, MN
Article from Minnesota Weekly Times, December 12, 1854

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Article Text

We give below a list of Indiana Free Banks, the issues of which are received at the Banking Houses of this city. The list will be corrected daily. The State Branck Bank receives the following. Indiana Bank, Madison. Farmers' Bank, Westfield. Traders' Bank, Indianapolis. Central Bank, do. Farmers' and Mechanics' Bank, Indianapolis. Bank of the Capital, Indps. Prarie City Bank. Great Western Bank. Southern Bank. Public Stock Bank. State Stock Security. In addition to the above, S. A. Fletcher receive the following: Bank of Bridgeport. Shawnee Bank, Attica. Bank of Indiana, Michigan City. Cresent City Bank. Canal Bank. New York and Va. Stock. New York Stock Bank. Brookville Bank. Faette County Bank. Cambridge City Bank. Fort Wayne Bank. Huntington County Bank. Bank of Rensselaer. Farmers & Mechanics' Bank. Wabash Valley Bank. Bank of Goshen. Wabash River Bank. Bank Mount Vernan. Indiana Stock Bank, Laporte. Bank of Warsaw. Bank of Rockport. Bank of Monticello. Bank of Rockville. Western Bank of Plymouth. Lagrange Bank. Bank of Salem. Atlantic Bank. State Stock Bank of Marion. Delaware County Bank. Kalamazoo Bank. Gramercy Bank. Government Stock, Lafay-ette. Bank Attica. Bank of North America. Kentucky Stock Bank. Farmer's Bank Jasper. Bank of Albany. Bank of Elkhart. Bank of Auburn. Bank of Syracuse. Bank of Covington. Hoosier Bank. The Savings Bank adds to the above list, Bank of Bloomington, Bank of Perrysville, Exchange Bank, Greencastle, and Reynold's Bank. The Bank of the Capital, the Central Bank and the Farmers' & Mechanics Bank receive the issues of all Indiana Free Banks except the Bank of Connersville, and Northern Indiana Bank at Logansport. The Central Bank refuses the Bank of Plymouth, Drovers' Bank of Rome, and Illinois and Wisconsin Banks, in addition to these. With such a favorable condition of things at home the paper of the Indiana Free Banks will soon be in good credit, and current abroad. ### ILLINOIS. The panic in this State has forced several of its banks into a suspension, and some of them may be compelled to wind up. But in any event the money may be regarded as safe, and should pass current with business men of the country, as there can be no possibility of ultimate loss to the bill holder, backed as it is by stocks. ### WISCONSIN. No apprehension is felt for the safety of the Banks in this State It was rumored that the Badger State Bank at Janesville, and the Rock River Bank at Beloit had failed or been discredited. But as we have every week received papers from the former place, and no confirmation of the rumor having appeared therein, we believe that said Banks are sound and in good credit at home, at this present writing. It is also rumored that the Oshkosh City Bank at Oshkosh, Wis., has been discredited. The Germania Bank at Milwaukie, is said to have failed. ### OHIO. Recent advices from below are to the effect that the Commercial Bank of Toledo, a branch of the State Bank of Ohio, closed on the 27th ult. The notes of the Stock Banks that have suspended are received in payment of State taxes at par and are doubtless current in Ohio generally. ### KENTUCKY. The Kentucky Trust Co., Covington, Ky., has made an assignment to Judge Wm. B. Kinkead and Samuel J. Walker, Esq. The amount of circulation it is said will be near $760,-

3. November 10, 1855 The Caledonian Saint Johnsbury, VT
Article from The Caledonian, November 10, 1855

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Article Text

ete the military humiliation of Rusom the 0 rening of the war she has USA "! plaaxa twod into It up 12. ! "Ρ‡Π°Ρ€ u. .1 4 "4" - at Cetata or Alma. or attacking at 01 mitza or Inkermann. whether 112 a since. S t Silistr a or resisting t Sebastspol, every effort through 14 papuens used sky 1184 R pue 11 Turks. Sandinians. French and have all alike resisted her with the alt. It was in Asia alone she could nerself Routed armies and abunthies. abandoned by the cowardice DATE THAT +41 yo +1 apportunities fora Te Deum. But iv. these glories have been diamed. army that should have been all powt its previous successes had been i were reported. has been routed by i half starved men. whose fate had been supposed to be beyond redemplas. agention Worth thinking of. derstand that Gov. Crittenden. of . has been invited and has accepted ation of the Boston committee todereture upon slavery in that city ator Butler. of South Carolinia, and of Georgia, and Hillard. of Ala: Crittenden has accepted the invi114 SPM !!! guids anys en shv will not the people of the South apload Borson age nodn impertinent invitations. and invite Banks. Seward. Chase and others vay of thinking. to go to Richtaond ston, New Orleans. St. Louis or . to give them a talk about slavevould be capital was of resenting of these Boston abolitionists. and -noads poor 1: aroud plan iqnop ou becially it it was un lerstood that rer should bring his own tar and N F. Post. : Adams. the banker who was shot nan at Milwaukee the other day. IS he on umstances of the shooting follows: His banking rooms were occupied by the Germania Bank, iloded some months ago, leaving an SEM assett Thomy shugh stonsoda named Johan Ferrier. who hadeam Jo arpact ⑉41 "0 They "41 !!! : went to Mr. Adams banking house SUM oun Ρ†Π΅Ρˆ E to insuranced paper . it seems had been connected with ded concern. threatening to shoot -op 814 E " di Ir. Adan 5 hearing the threat start officer. when the German turned im and then walked quietly to the rse he sat down and awaited orders man thinks he did perfectly right, deplores the necessity that drove commission of the deed.

4. August 12, 1859 The Weekly Pioneer and Democrat Saint Paul, MN
Article from The Weekly Pioneer and Democrat, August 12, 1859

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Article Text

According to the report of the Bank Comptroller, SQUIRES, the following Banks care now winding up in Wisconsin : Badger Stat Bank, Janesville ; Bank of the City of La Crosse ; Farmer's Bank, Hudson ; Germania Bank, Milwaukee: Globe Bank Milwankee ; Janesville City Bank, Janes. ville; Kanakee Bank, Black River Falls; Marathon County Bank, Eagle River ; Merchants' Bank, Milwaukee ; Northern Wisconsin, Aurora ; Oshkosh City Bank, Oshkosh : People's Bank, Milwaukee ; Pro. ducer's Bank, Janesville : State Security Bank. Gemekon; Union Bank, Milwaukee Wiscomsin Bank, Mineral Point. For the redemption of the outstanding circulation of these Banks, securities have been assigned in trust, to the State Treasurer, amounting in the aggregate to $870,760. The Chicago Press and Tribune, of a late date has the following article upon the future aspects of-business affairs We stated in a paragraph, the other day. that the imports at New York. from January 1st to July 31st, 1859, were $156,450,000. In the same time, the exports, including $43,248,000 in specie, were $80,409,000. The diffierence between the sums is the amount-$76,041,000-that the country has run in debt since the beginning of the year. This will absorb three-fourths of the cotton now growing, and if the same course of trade is continned until January 1860, all the cotton and all the current receipts of Califor nia gold will disappear in the yortex which these enormous importations of gimeracks and gewgaws have created, leaving our merchants heels-overhead in debt and unable to pay, even though they drain the banks of bullion and coin, and inaugurate a new panic, in trying. It has been hoped that importations would fall off as soon as the season advanced, and that some: thing would be done toward the restoration of a commercial equilibrium: but the tide is swelling in force and volume. instead of decreasing. See what was done in July: .. -- ----

5. August 23, 1859 The Lansing State Republican Lansing, MI
Article from The Lansing State Republican, August 23, 1859

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Article Text

WISCONSIN BANKS WINDING UP.β€”According to the report of Bank Comptroller Squires, the following banks are now winding up in this State: Badger State Bank, Janesville; Bank of the City of La Crosse; Farmers' Bank, Hudson; Germania Bank, Milwaukee; Globe Bank, Milwaukee; Janesville City Bank; Kankakee Bank, Black River Falls; Marathon County Bank, Eagle River; Merchants' Bank, Milwaukee; Northern Wisconsin, Aurora; Oshkosh City Bank; Peoples' Bank, Milwaukee; Producers' Bank, Janesville; State Security Bank, Gemekon; Union Bank, Milwaukee; Wisconsin Bank, Mineral Point. For the redemption of the outstanding circulation of these banks, securities have been assigned in trust to the State Treasurer, amounting in the aggregate to $870,760.β€”Milwaukee Sentinel.