gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
20eb6a75021ab743
Response Measures
None
Description
Closed by state examiner for insufficient capital and placed in receivership; later assets returned temporarily but ultimately the institution did not continue.
Events (4)
1.April 4, 1903Suspension
Cause
Government Action
Cause Details
Closed by state bank examiner (M. Bergh) due to insufficient capital.
Newspaper Excerpt
M. Bergh, state bank examiner, has issued an order closing the Kenosha State bank and placing its affairs in the hands of a receiver.
Source
newspapers
2.April 13, 1903Receivership
Newspaper Excerpt
Judge Belden this afternoon appointed Henry F. Jordan receiver of the Kenosha State bank, which was recently closed by State Bank Examiner Bergh.
Source
newspapers
3.April 23, 1903Reopening
Newspaper Excerpt
Judge Belden signed the order for the transfer of the property from the receiver to Mr. Komp... to all intents and purposes the bank is now open for business.
Source
newspapers
4.March 10, 1904Other
Newspaper Excerpt
Fixtures of defunct institution are being shipped... The removal of the fixtures makes the bank building vacant.
Source
newspapers
Newspaper Articles (22)
1.August 28, 1902The Telegraph-CourierKenosha, WI
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Sunday with sparents in Kenosha. Mr. and Mrs. Horlick, of Racin spent Sunday with friends in Kenosh Milton Pettit was home from R cine to spend Sunday with his pa ents. Mr. and Mrs. Walter Frost and ch dran spent Sunday afternoon at Zio City. Mrs. Frank Birbeck and daughte of Racine, spent Sunday with frien in Kenosha. John Scharding, Jr., of Chicag spent Sunday with his parents on tl Sand Ridge. Mr. and Mrs. Gerhard Buchmar spent Sunday with Chicago frien and relatives. Miss Amy Shearer returned hon Saturday from a vacation with rel tives in Salem. George G. Adams, and Miss Bel Giddings, of Franksville, spent Su day in Kenosha. Miss Helen Mayhew, of Milwauke spent Sunday with friends and rel tives in Kenosha. Mr. and Mrs. James Boatman, Chicago, spent Sunday afternoon wit friends in Kenosha. Grain throughout the county no being threshed averages from fifty sixty bushels per acre. Mr. and Mrs. Frank Carter went Chicago Sunday for a week's vis with friends and relatives. A large delegation of Kenosh rooters went to Racine Sunday afte noon to attend the ball game. Miss Grace Judd has resumed h work in the office of the Weekly Unio after a three weeks' vacation. Mr. and Mrs. Fred Hasse, of Bur ington, spent Sunday with friends Kenosha and Pleasant Prairie. Everything is moving quietly in tl political circles of the county, but CO siderable quiet work is being done. Michael Block, a ten year old Ken sha boy, was received into the Sta Reform school at Waukesha Monda The Kenosha State Bank has as y not secured a room, but the bank scheduled to open on next Tuesda morning. It is reported that Calvin Stewa will be a candidate for the Democrat nomination for the office of District Attorney. The present holders of county office may be a little shy but their friend have announced that they will all see re-election. Mr. and Mrs. William F. Fishe who have been visiting their son a Lusk, Wyoming, returned home Sa urday evening. The Main street ferry boat di a thriving business Sunday. Th novelty seems to be a drawing card i favor of the ferry. Miss Grace Duffee, who has bee visiting Miss Mae Bennett the pas few weeks, returned to her home i Chicago Saturday evening. Judge Horton, who recently left K nosha for his home in Topeka, Kan reached home safely and it is state that his health is improving. A number of Chicago yachtsme visited Kenosha Saturday evening an an effort is being made to arrange f a club run to this city in September. Mrs. Ira Larrabee and children hav returned to their home in Beloit after a two weeks' visit with Mr. and Mr Conrad Hansis and Mrs. E. Larrabe "For Home and Honor" drew large crowd to the Rhode opera hous Sunday evening. The play was we produced and gave general satisfa tion. The proposition to hold a street fa in Kenosha seems to have struck sympathetic chord among the busine: men and the idea is gaining friend daily. The funeral of the late Mrs. Anr Jensen was held on Sunday afternoo from the Danish Methodist churcl The remains were interred in the cit cemetery. There seems to be a lot of kickin on the new Main street ferry boa The ferry may be a novelty all rigl but it is a nuisance to the busy bus ness man.
2.September 18, 1902The Telegraph-CourierKenosha, WI
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CASTORIA The Kind You Have Always Boughi Bears the Signature of Change your diet-eat Kennard's pure choice candies. Try Ping Pan chocolate and Mexico's. Something new. We sell over half the candy so] in Kenosha. This is why we keep the tf largest and finest assortment. Two car loads of coal came into Kenosha Thursday on a private order. The price for the coal is said to have been $11.75 a ton. Notwithstanding this fact coal is being sold in Kenosha for $8 per ton. Prof. Hammill, of the city schools, has decided to have a number of practical talks for the students during the coming year. This promises to be a very interesting feature of the school work during the year. On next Friday afternoon Secretary John Adams, of the Y. M. C. A., will give a talk before the High school pupils on his recent trip through Colorado. The talk will be illustrated with pictures taken during the trip. The public is invited to attend the lecture. Prof. Gruno, of the University of Chicago, made a very interesting address before the teachers and pupils of the German department of the High school Thursday afternoon, speaking especially of the life of Storm, the German writer. The lecture was greatly enjoyed by the students. Barry Bros. Transportation Company has added another boat to the fleet, purchase having been made last week of the freight steamer Gordon Campbell, at Buffalo. It is reported that the boat will be converted into a passenger steamer for use in the northern run next season. W.V. Cull, of Salem, was calling on friends in Kenosha Thursday. Mr. Cull had for display a sample of winter wheat raised on his farm which is probably the finest wheat raised in Kenosha in many years. The wheat graded sixty pounds to the bushel and the yield was forty bushels to the acre. The work on the new vault for the Kenosha State Bank is progressing very rapidly. The foundation for the new vault is being set six feet below the surface of the floor. The vault will be constructed according to the latest designs and will be both fire and burglar proof. The new bank will open about September 20. State Superintendent Harvey has favored Kenosha again. and every teacher in the city has been presented with one of the new State library lists. These lists were issued by the State superintendent and are considered the best lists ever sent out from the department. The lists will prove of great value to the teachers of Kenosha. Dr. D. C. John, Presiding Elder of the Milwaukee district of the Methodist church, made his final report of his work to the conference at Milwaukee Thursday, and at the close of the report the ministers of the district presented him with a purse as a token of the high esteem in which he is held in the district. Dr. John will probably be assigned to one of the churches in Milwaukee for the coming year. Recent orders from the postoffice department, to take effect Oct. 1, provide that all patrons of the rural free delivery must by that date provide themselues with mail boxes of one of the numerous patterns having the approval of the department. Boxes must be so placed by the roadside that the carriers can have convenient access to them without leaving their wagons and the same box must not be used for more than one family, unless they are near relatives or live in the same house.
3.April 5, 1903The Saint Paul GlobeSaint Paul, MN
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State Bank Closed. KENOSHA, Wis., April 4.-M. Bergh, state bank examiner, has issued an order closing the Kenosha State bank and placing its affairs in the hands of a receiver. Insufficient capital is said to be the chief cause of trouble. The bank was capitalized at $25,000.
4.April 7, 1903Rock Island ArgusRock Island, IL
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SAYS HE WILL PAY OUT President of the Kenosha Bank Promises to Liquidate and Continue in the Business. Kenosha, Wis., April 7.-Frank S. Komp, president and manager of the Kenosha State bank, was absent from the city when the bank was closed by order of M. O. Bergh, state bank examiner. On his return he expressed his readiness to pay off his indebtedness and has offered to refund dollar for dollar to his depositors. Whether or not this offer will be accepted rests with Bergh, who has come here to determine the question of appointing a receiver. Komp is confident of his ability to pay the depositorsand to continue business. eH aserts that the branch banks in Salem and Wauconda will not be affeeted by the temporary embarrassment of the State bank, for these concerns are doing a good business on an independent basis.
5.April 9, 1903The Telegraph-CourierKenosha, WI
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Kenosha State Bank Fails to Open t pay Depositors as had Been Expected This Morning. KOMP CLAIMS SOLVENCY FOR IT States Attorney General Comes to Kenosh to Take Charge of the Case. Receiver to be Appointed Tomorrow. The Kenosha State Bank is stil closed, ane notwithstanding the state ment given out on Sunday that the bank was perfectly solvent and would pay depositors dollar for dollar, the ex aminers declare that when the bank opens again it will be opened in the hands of a receiver named by the courts. The settlement of the affairs of the institution will be taken up before a court commissioner late this afternoon The complaint for the closing of the bank has been made out by State At torney Sturdevant, of Madison, and h will arrive on the 4:42 train this even ing and make the formal complaint in the matter. During the day Assistan Examiner Knott has been in the city and has had charge of the bank prop erty. The complaint will be made in the local courts in order to give Mr Komp and his associates in business every possible chance Oto make good their promises as bankers and to allow the depositors to realize on their de posits with the least possible expense President Komp returned to the city on Saturday evening and was closeted with the bank examiner for severa hours. At this interview efforts were made to make some arrangements by which the bank could resume busines by the payment of the depositors, bu this plan was not in accordance with the State law, and the examiners hav demanded that the capital stock of th institution be made good before th bank is again opened to secure th funds of the public. President Komp was in Chicago 01 Sunday and this morning it was im possible for any statement to be se cured from him. In the meantime th depositors have called at the bank in a steady line and all have Ibeen given the same answer "The bank is in th hands of the State Examiners." Sat urday evening hope of payment in ful was held out to the depositors by As sistant Cashier Melville, but at the re quest of the examiners he finally re fused to make any statement to the de positors who called to secure thei funds. The investigations of the examiner seem to indicate that President Kom was the only man who knew anything of the affairs of the bank and Cashie Maloney and Assistant Cashier Mel ville knew little or nothing of wha was going on in the inner circles. The Kenosha Trust company seem to have largely furnished capital fo the bank and for the allied companie which had been established by Mr Komp in the last few months. Among these institutions were the Bank o Salem, the Komp Investment company the Bank of Wauconda, Ill., and o other days the firm of F. S. Komp 8 Co., bankers of Chicago. These companies figured largely in the business of Mr. Komp in Kenosha and furnished abundant stocks to pro vide capital for the different com panies. The statement of the ex aminer is being completed and it show that the capital of the bank is not only wiped out, but that there will be :
6.April 9, 1903Wood County ReporterWisconsin Rapids, WI
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KENOSHA BANK CLOSED. Bank Examiner Bergh Places It in Hands of Receiver. Kenosha, Wis., April 5.-M. C. Bergh, statebank examiner, has issued an order closing the Kenosha State bank, and placing its affairs in the hands of a receiver. Insufficient capital is said to be the chief cause. The bank was capitalized at $25,000.
7.April 10, 1903The Wisconsin Tobacco ReporterEdgerton, WI
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SAYS HE WILL PAY OUT President of the Kenosha Bank Promises to Liquidate an Continue in the P .ness. Kenosha. Wis. April 7.-Frank S. Komp, president and manager of the Kenosha State bank, was absent from the city when the bank was closed by order of M. O. Bergh, state bank examiner. On his return he expressed his readiness to pay off his indebtedness and has offered to refund dollar for dollar to his depositors. Whether or not this offer will be accepted rests with Bergh, who has come here to determine the question of appointing a receiver. Komp is confident of his ability to pay the depositorsand to continue business. eH aserts that the branch banks in Salem and Wauconda will not be affected by the temporary embarrassment of the State bank, for these concerns are doing a good business on an independent basis.
8.April 14, 1903The Saint Paul GlobeSaint Paul, MN
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Appointed Bank Receiver. KENOSHA, Wis., April 13.-Judge Belden this afternoon appointed Henry F. Jordan receiver of the Kenosha State bank, which was recently closed by State Bank Examiner Bergh. Jordan furnished a $20,000 bond.
9.April 16, 1903Wood County ReporterWisconsin Rapids, WI
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Receiver for Kenosha Bank. Kenosha, April 14.-Judge Belden yesterday afternoon appointed Henry F. Jordan receiver of the Kenosha State bank which was recently closed by a state bank examiner.
10.April 17, 1903The Wisconsin Tobacco ReporterEdgerton, WI
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Receiver for the Kenosha Bank. Kenosha, Wis., April 11.-Henry F. Jordan, formerly deputy supervisor of assessments for this county, is to be receiver for the Kenosha State bank, recently closed by the state examiners. The appointment will be made on Monday. The statement of the bank examiners shows that the bank will pay from 50 to 65 cents on the dollar.
11.April 23, 1903River Falls JournalRiver Falls, WI
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The News Condensed. The right of way for the proposed belt line between Chicago and Kenosha has now been secured and work on the line will be pushed. As a result of the lack of interest the State Baseball league has been abandoned. Milwaukee milling companies have increased the wages of the 1,000 millworkers on an average of one dollar a week. Dr. W. R. Hopkins, of Cumberland, is making arrangements to open a consumption sanitarium on the shores of Lake Nebagamon. The Lake Vista Hotel block at Williams Bay was burned, resulting in damage of $30,000, on which there is little insurance. Thomas Phillips pleaded guilty to breaking into a boat house at Racine and stealing a $300 yacht and was sent to prison for three years. The date for commencement at Carroll college at Waukesha has been get for June 26. ?udge Belden has appointed Henry F. Jordan receiver of the Kenosha state bank, which was recently closed by State Bank Examiner Bergh. D. W. W. Walker's drug store at Marinette was robbed of $150 by burglars who climbed through the transom. Ed Jones was killed while driving a bus from the depot at Athens by falling. He fell from is seat, breaking his neck. Thomas Maham. of La Grange, aged 48 years. fell down stairs, receiving internal injuries from which he died. Hoehner & Bartlett, of Eau Claire. have been given the contract to build the Eau Claire Carnegie library at $29,646, all contracts aggregating $40,000. Joseph Cook, who worked at Gravitt's mill, near Wausau, fell from the top of the iron framework of a bridge over the Eau Claire river and was killed. While attemptingto remove a handcar from the track, Section Foreman Charles Shadow, of Iron Ridge, was struck by a switch engine and instantly killed. He leaves a wife and four children.
12.April 23, 1903Grant County HeraldLancaster, WI
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The News Condensed. The right of way for the proposed belt line between Chicago and Kenosha has now been secured and work on the line will be pushed. As a result of the lack of interest the State Baseball league has been abandoned. Milwaukee milling companies have increased the wages of the 1,000 mill workers on an average of one dollar a week. Dr. W. R. Hopkins, of Cumberland, is making arrangements to open a consumption sanitarium on the shores of Lake Nebagamon. The Lake Vista Hotel block at Williams Bay was burned, resulting in damage of $30,000, on which there is little insurance. Thomas Phillips pleaded guilty to breaking into a boat house at Racine and stealing a $300 yacht and was sent to prison for three years. The date for commencement at Carroll college at Waukesha has been set for June 26. Judge Belden has appointed Henry F. Jordan receiver of the Kenosha state bank, which was recently closed by State Bank Examiner Bergh. D. W. W. Walker's drug store at Marinette was robbed of $150 by burglars who climbed through the transom. Ed Jones was killed while driving a bus from the depot at Athens by falling. He fell from uis seat, breaking his neck. Thomas Maham, of La Grange, aged 48 years, fell down stairs, receiving internal injuries from which he died.
13.April 23, 1903The Telegraph-CourierKenosha, WI
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Judge Belden Signs the Order to Turn Bank Property Back to President F. S. Komp. BOND IS FILED IN KENOSHA. Inspector Bergh Declares That Even if Depositors are Paid the Bank Requires Capital Before Doing Business. The depositors of the Kenosha State Bank are now certain of the return of their money, as this afternoon shortly after two o'clock the order of the court turning the bank over to President Komp was filed with the clerk of the circuit court, and with it the bond of the Fidelity and Deposit Company, of Maryland, which has been approved by Judge Belden. Judge Belden signed the order for the transfer of the property from the receiver to Mr. Komp just after noon and the President of the bank and his attorney at once returned to Kenosha and took possession of the business. The sign which had been on the door declaring that the bank was in the hands of a receiver was torn down, and to all intents and purposes the bank is now open for business. No one called for money this afternoon, but it is probable that it would have been paid had demand been made. The attorney for the Bonding Company Jacob Kroncke will assist in the management of the bank until the depositors have been paid and the company relieved from responsibility. Mr. Kroncke started this afternoon that it was probable that the bank would be in position to pay as soon as the money could be broght up from Chicago and the bank books had been examined. The attorney and Mr. Komp went to Chicago this afternoon to secure possession of the funds which are being held at the Corn Exchange Bank and the receiver will at once turn over to the President all the funds held in the vaults of the bank in this city. In regard to the re-opening of the bank to recieve deposits no statement has been given out by either Mr. Komp or any of his associates in business but the bank examiner, M. C. Bergh of Madison, last night,gave the following statement: "Even if they have secured the bond required by the court," he said, "that simply insures the payment of the depositors and restores control of his property to Mr. Komp, pending his appeal in the receivership order. It does not provide the bank with the necessary capital to resume business. "At present the matter is out of the hands of the banking department, but if the bank should attempt to reopen without capital the examiners would interfere and prevent it. This matter has been impressed on Mr. Komp, and I do not think that the bank will be opened."
Receiver Appointed. Kenosha, Wis., April 14.-Judge Belden has appointed Henry F. Jordan receiver of the Kenosha state bank, which was recently closed by State Bank Examiner Bergh. Jordan furnished a $20,000 bond.
15.April 24, 1903Rock Island ArgusRock Island, IL
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KENOSHA BANK WILL PAY OUT IN FULL Institution Recently Closed is Back in Old President's Hands. Kenosha, Wis., April 24.-In the circuit court here Judge E. B. Belden has signed an order turning the assets of the Kenosha State bank, recently closed by the state bank examiners, back to President Frank S. Komp, of Chicago, and Komp will begin the work of paying off all depositors to prove the solvency of the bank. In order to secure the order President Komp presented a surety bond covering the entire amount of the deposits. The receiver is now temporarily discharged, pending a settlement. When the bank was closed the bank examiners of the state gave out a statement that it could not pay over 65 cents on the dollar, but the depositors will receive full return of their money.
16.April 24, 1903The Ely MinerEly, MN
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Receiver Appointed. Kenosha, Wis., April 14.-Judge Belden has appointed Henry F. Jordan receiver of the Kenosha state bank, which was recently closed by State Bank Examiner Bergh. Jordan furnished a $20,000 bond.
17.April 25, 1903Watertown RepublicanWatertown, WI
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The News Condensed. The right of way for the proposed belt line between Chicago and Kenosha has now been secured and work on the line will be pushed. As a result of the lack of interest the State Baseball league has been abandoned. Milwaukee milling companies have increased the wages of the 1,000 millworkers on an average of one dollar a week. Dr. W. R. Hopkins, of Cumberland, is making arrangements to open a consumption sanitarium on the shores of Lake Nebagamon. The Lake Vista Hotel block at Williams Bay was burned, resulting in damage of $30,000, on which there is little insurance. Thomas Phillips pleaded guilty to breaking into a boat house at Racine and stealing a $300 yacht and was sent to prison for three years. The date for commencement at Carroll college at Waukesha has been set for June 26. Judge Belden has appointed Henry F. Jordan receiver of the Kenosha state bank, which was recently closed by State Bank Examiner Bergh. D. W. W. Walker's drug store at Marinette was robbed of $150 by burglars who climbed through the transom. Ed Jones was killed while driving a bus from the depot at Athens by falling. He fell from is seat, break ing his neck. Thomas Maham, of La Grange, aged 48 years, fell down stairs, receiving internal injuries from which he died.
18.May 7, 1903The Telegraph-CourierKenosha, WI
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President of the Kenosha State Bank Personally Looks After the Settlement of Checking Accounts. SAVINGS ACCOUNTS MUST WAIT. Bank Will Claim the Time Limit on Sav Ings Accounts and Certificates of Deposit-Lots of Money in Sightat Bank. "I got mine" is the favorite song down around the bank cornenthis morn ing as the Kenosha State Bank began to pay off creditors. There was little rush abont the bank but the window was kept pretty busy cashing the checks of the former depositors. All arrangements for making the payments were made on Saturday evening and when the bank opened at the regular hour this morning the paying out started. There was a look of opulence about the bank. The money racks were well filled with silver and the money drawer was simply over crowded with the large stock of good green backs. More than three thousand dollars had been placed on the counter to provide for the demands of the day and from the way the depositors were arriving it is probable that every cent of it will be needed. At nine o'clock President F. S. Komp personally appeared at the window of the paying teller and the settlement of accounts started. Former Receiver Henry Jordan was the first man to appear at the window and he was closely followed by O. M. Calkins. As soon as these men had been paid the line became a steady one and seven and eight people were waiting at a time. There was lots of good natured bantering but there was nothing that could be considered a run during the morning hours. President Komp personally paid all accounts and took re ceipts in full for the amounts. All the time Special Agent Bowen of the Deposit and Fidelity Company kept a close tab on the paying out of the money. Only checking accounts were recognized for payment and it appears that the bank will claim the right to withhold payments on savings accounts for the period of thirty daysas allowed in the contract with depositors. No official announcement has been made in regard to these accounts but several of the depositors of savings called and were notified that they could get their money on giving due notice of their desire to withdraw the accounts. Cashier Frank T. Maloney was not in the bank during the day and it is said that he has accepted another place in Chicago. No move has been made to accept deposits and Mr. Komp has not announced his determination to re-open the bank when the depositors have been paid off. The paying off of the depositors will be continued as rapidly as possible and it is expected that all will be paid within the present week. The payments have been made free1y and there has been no quibble in regard to amounts. The bank simply insisted on the balancing of the ac counts and as fast as Teller Melville completed this work the money was paid out. It is learned from inside information that the bank still has considerable money on deposit in the Corn Exchange Bank and this is probably being held back to pay the savings accounts when they fall due. Of course all classes of accounts are fully protected by the bond filed by President Komp in the circuit court and it is only a matter of time until all will be paid.
19.May 14, 1903River Falls JournalRiver Falls, WI
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The News Condensed. Oscar Anderson is in jail at Superior, arrested for the murder of Bernhardt Nation, with whom he boarded. He is said to have struck Nation so hard over the head with a club that death resulted. Mrs. Johanna Lohrenz, aged 70 years, while trying to cross the track ahead of a south-bound express train in Appleton, was run down and instantly killed. Michael O'Conell, crazed with drink, attacked his family in Appleton and was overpowered by neighbors after a fierce fight. J. A. Barager, editor of the Withee Sentinel, died at Eau Claire after undergoing an operation for appendicitis. The left wing of the Holn es dam on the Pike river near Marinetu went out, letting out 3,000,000 feet of logs. The Kenosha state bank, recently closed by the state bank examiiner, has resumed business. Extensive marl beds have been discovered at Swan lake, three miles east of Portage. Mrs. Mae Quirle, of Marinette, who about two months ago instituted a suit for breach of promise against C. C. Hayes, a Milwaukee traveling man, has been awarded a verdict for $3,500. James Dunkel and Otto Montke were suffocated by gas in the Florence mine at Florence. Fire at Port Washington destroyed the tannery of C. A. Mueller, with a loss of $50,000. The plant will be rebuilt. Dr. Edwin Ellis died in Ashland, where he had lived since March 1856. The brewers, beer bottlers and brewery workers' unions of Appleton, Neenah and Menasha have signed an ironclad. agreement not to keep their establishments open on Sunday or deliver beer by the keg, case or bottle on Sunday. Oscar Anderson, an employe of the ship yards in West Superior, is in jail on the charge of murdering Bernhardt Nation, an aged man with whom he resided. While on their way home from Racine to their home in Caledonia, Samuel Carter and Joseph Greggs were held up and robbed of $12 and two watches. George Burbott, of Appleton, aged seven years, fell from a bridge over Pacific street into the ravine, a distance of 60 feet, and escaped with no broken bones and no more serious injuries than a severe shaking up.
20.May 16, 1903Watertown RepublicanWatertown, WI
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The News Condensed. Oscar Anderson is in jail at Superior, arrested for the murder of Bernhardt Nation, with whom he boarded. He is said to have struck Nation so hard over the head with a club that death resulted. Mrs. Johanna Lohrenz, aged 70 years, while trying to cross the track ahead of a south-bound express train in Appleton, was run down and instantly killed. Michael O'Conell, crazed with drink, attacked his family in Appleton and was overpowered by neighbors after a fierce fight. J. A. Barager, editer of the Withee Sentinel, died at Eau Claire after undergoing an operation for appendicitis. The left wing of the Holmes dam on the Pike river near Marinette went out, letting out 3,000,000 feet of logs. The Kenosha state bank, recently closed by the state bank examiiner, has resumed business. Extensive marl beds have been discovered at Swan lake, three miles east of Portage. Mrs. Mae Quirle, of Marinette, who about two months ago instituted a suit for breach of promise against C. C. Hayes, a Milwaukee traveling man, has been awarded a verdict for $3,500. James Dunkel and Otto Montke were suffocated by gas in the Florence mine at Florence. Fire at Port Washington destroyèd the tannery of C. A. Mueller, with a loss of $50,000. The plant will be rebuilt. Dr. Edwin Ellis died in Ashland, where he had Lived since March 1856. The brewers, beer bottlers and brewery workers' unions of Appleton, Neenah and Menasha have signed an ironclad. agreement not to keep their establishments open on Sunday or deliver beer by the keg, case or bottle OF Sunday.
21.January 13, 1904Watertown RepublicanWatertown, WI
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# EXAMINER MAKES HIS NINTH ANNUAL REPORT.
# BANKS OF WISCONSIN ARE SHOWN TO BE IN HEALTHY CONDITION.
Nearly All Private Institutions Have Come in Under New Law-National Concerns Opened.
Madison, Wis., Jan. 12. - [Special.]--
The ninth annual report of the state bank examiner, made public yesterday, shows the Wisconsin banking business to be in a healthy condition.
The Legislature of 1903 passed a law prohibiting the use of the name "bank" by other than banking corporations duly organized under the laws. As a result all private banks have been abolished in this state.
There were in Wisconsin last March 148 private banks. Of this number 137 have become incorporated as state banks. One closed and was placed in the hands of the receiver, while ten private banks elected to go out of business or were refused authority to continue.
The total number of banks to report by November 17, 1903, was 347-namely: 345 state banks and two mutual savings banks, an increase of twenty during the year. The number changed from private to state banks was 137, the number of new state banks was 30, new savings bank 1. Two state banks became na-tional banks. Two state banks at Lake Mills and Orfordville paid their depositors in full and went out of business.
The private banks closed were at Bangor, capital $10,000, and Westby, $6000. The Kenosha State bank, capital $25,000, was closed. The increase in the principal items of resources and liabilities for the year were:
22.March 10, 1904The Telegraph-CourierKenosha, WI
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LAST OF STATE BANK Fixtures of Defunct Institution are Being Shipped to Illinois This Afternoon. KOMP FAILS TO MAKE STATEMENT. The last chapter in the history of the defunct Kenosha State bank is being written this afternoon, as the fixtures of the bank are being removed from the Calkins building and are being shipped to one of the smal1er Illinois cities for use in a bank there. The fixtures were the property of the Trust company which took charge of the affairs of the bank after it had been closed by the State Bank Examiners, and they have been sold to raise funds to reimburse the company. The fixtures were as fine as any ever set up in a bank in this section of the country. The removal of the fixtures makes the bank building vacant, but the lease of it is still held by the Trust company, and it is hardly possible that it will be surrendered. The company is losing quite a sum of money holding the lease of the building, but this is considered one of the assets of the bank and the company expects to realize a bonus from some prospective tenant. In the meantime further efforts are being made to force Frank Komp, the former president of the bank, to settle up the costs of the receivership and for other bills alleged to be due to Kenosha people. Attorneys have called on Komp in Chicago and made efforts to collect, but thus far their efforts have not been rewarded with success. Komp has made no efforts to pay the bills of the bank or of the Kenosha Trust company, but the attorneys are holding the receivership over his head with the hope that they may be able to discover some assets which will make possible the collection of a part or all of the amounts due to the different depositors. The affairs of the bank cannot be fully closed up until some provision is made for the settlement of these claims.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
