Article Text
BUSINESS CASUALTIES, The Northwestern part of the Union Ex periencing Prosperity's Visitations. West Superior, Feb. 13.-The State Trust and Savings bank suspended today. Capital $25,000, liabilities $40,000, assets $28,000.
State Trust & Savings Bank (Superior, WI)
Episode Information
- Episode UID
3643669291166- Episode Type
- Run β Suspension β Closure
- Bank Type
- savings
- Bank ID
-
364366929hash - Start Date
- February 13, 1897
- Location
- Superior, Wisconsin (46.721, -92.104)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
376cb99925002eb3
Response Measures
None
Description
Articles refer to West Superior (West Superior = part of Superior). Receiver named W. H. Stack/Slack appears with variant spellings.
Events (3)
1.
February 13, 1897
Receivership
- Newspaper Excerpt
- The State Trust & Savings bank ... passed into the hands of W. H. Stack as receiver this morning.
- Source
- newspapers
2.
February 13, 1897
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Sustained run for weeks connected to alleged misuse by owners (the Fowlers) and bad management; capital wiped out.
- Newspaper Excerpt
- The bank had sustained a run for weeks, and had only $200 in cash left when its doors closed.
- Source
- newspapers
3.
February 13, 1897
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Suspension following prolonged run and insolvency; creditor (Northwestern National Bank) applied for receiver.
- Newspaper Excerpt
- The State Trust and Savings bank suspended this morning, going into the hands of W. H. Slack as receiver on the application of the Northwestern National Bank.
- Source
- newspapers
Newspaper Articles (21)
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Hands of a Receiver. West Superior, Wis., Feb. 13.-The . State Trust & Savings bank, with a capital of $25,000 passed into the hands of W. H. Stack as receiver this morning. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises. The ca pital is said to be completely wiped out.
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TWO BANK FAILURES A Savings Bank at West Superior and Merchants' National at Helena, Montana. FEW CALLERS AT CANTON The Famishing Poor of India Receiving Timely Attention in Halls of Congress. THE EDITORIAL MEETING WEST SUPERIOR, Wis., February 13. -The State Trust and Savings bank suspended, this morning. WASHINGTON, D C., February 13 The Merchants' National bank, of Helena, Mont, failed, this morning. The bank's capital was $850,000; sur plus, $70,000; undivided profits, $68.000; due to banks, $125 000 owed individual depositors, $981,000. The treasury department says that bad management caused the failure.
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Bank Suspended WEST SUPERIOR, Wis., February 12. The State Trust and Savings bank suspended this morning.
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BANK HAS A RECEIVER. West Superior, Wis., Feb. 13.-The State Trust and Savings bank, capital $25,000, passed into the hands of : a receiver this morning.
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Savings Bank Suspends. WEST SUPERIOR, WIS., February 13.The State Trust and Savings Band . suspended this morning,
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TWO BANKS CLOSE THEIR DOORS. FAILURE OF INSTITUTIONS IN HELENA, MONT., AND WEST SUPERIOR, WIS. Washington, Feb. 13.-The Merchants' National Bank of Helena, Mont., failed this morning, and Bank Examiner J. S. Brown, now receiver of the First National Bank of Helena, has been placed in temporary charge. The Merchants' National had at the date of its last examination a capital of $350,000; surplus, $70,000; undivided profits, $68,000; due to other banks, $125,000; owed to individual depositors, $981,000; United States funds on deposit, $70,000; borrowed money owed, $200,000. It is said that the Government is secured. The failure of the bank is attributed in the Treasury Department to bad management and to local causes. West Superior, Wis., Feb. 13-The State Trust and Savings Bank, capital $25,000, suspended this morning, going into the hands of W. H. Slack as receiver on the application of the Northwestern National Bank, a creditor to the extent of $24,000. The State Trust and Savings Bank was owned by Homer T. and Walter Fowler, who have just been removed from the management of the big Northwestern National Bank, which is placed in other hands, and which immediately applied for a receiver. The liabilities are placed at $40,000 and assets at $25,000, but the bank's books show $78,000 liabilities and some assets in which the Northwestern National Bank is the only secured creditor. The bank had sustained a run for weeks. and had only $200 left. The New-York correspondent of the Merchants' National Bank of Helena was the Fourth National Bank, with which the Helena bank had a credit balance.
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Receiver Has a Bank. WEST SUPERIOR, Wis., Feb. IS.-The State Trust and Savings bank, capital $25,000, passed into the hands of W. II. Stack as receiver here. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises.
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West Superior Bank Suspends. West Superior, Wis., Feb. 13.-The State Trust and Savings Bank suspended this morning.
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A Bank Closes, WEST. SUPERIOR, WIS,, Feb. 13.-The State Trust and Savings Bank suspended this morning.
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Bank in Receiver's Hands. Minneapolis, Feb. 15.-A special to The Journal from West Superior, Wis.. says: The State Trust and Savings bank, capital $25,000, passed into the hands of W. H. Stack, as receiver, Saturday morning.
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West Superior, Wis., Feb. 14.-The State Trust and Savings bank, capital $25,000, which suspended yesterday, going into the hands of W. H. Slack, as receiver on application of the Northwestern National bank, a creditor to the extent of $24,000, was owned by Homer T. and Walter Fowler, who have just been removed from the management of the Northwestern National bank, which is placed in other hands, and which immediately applied for a receiver. The liabilities are placed at $40,000, and assets $25,000, but the bank's books show $76,000 liabilities, and some assets in which the Northwestern National bank is the only secured creditor. The bank had sustained a run for weeks, and had only $200 in cash left when its doors closed.
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The State Trust and Savings Bank. capital $25,000, of West Superior, Wis., suspended. Saturday, going into the hands of W. H. Slack as receiver, on application of the Northwestern National Bank, a creditor to the extenΕ£ of $24,000. The State Trust and Savings Bank was owned by Homer T. and Walter Fowler, who have just been removed from the management of the big Northwestern National Bank, which is placed in other hands and which immediately applied for a receiver. The liabilities are placed at $40,000 and assets $25,000, but the bank's books show $78,000 liabilities and some assets in which the Northwestern National is the only secured creditor. The bank had sustained a run for weeks and had only $200 left.
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A Bank's Capital Entirely Gone. WEST SUPERIOR, Wis., Feb. 15.-The State Trust and Savings bank, capital $25,000, passed into the hands of W. H. Stack as receiver this morning. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises. The capital is said to be completely wiped out.
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SURROUNDING COUNTRY. The State Trust and Savings Bank of West Superior suspended on Saturday morning. It had sustained a run for weeks and had only $200 left. A clairvoyant named Reno was arrest ed at Oshkosh on Saturday last for grand larceny. While at Rockford he borrowed some valuable articles from ladies preliminary to telling their fortunes, He forgot to return them. While in Oshkosh he had the best society people for his patrons. John and Michael Naganup of Spencer, this state, half breeds, became involved in a quarrel over a game of cards on Saturday night last. Michael drew a knife and stabbed his brother to the heart and then tried to commit suicide but was prevented. A pretty half bresd girl caused bad blood between the brothers. Jake Konradi of Antigo shot himself on Sunday last with suicidal intent. The bullet passed through one of his lungs. Physicians say he cannot live. Two lads, each about 12 years old, got into a quarrel at Kankanoa on Saturday morning last. One of them drew a knife and slashed the other across the wrist, inflecting an ugly wound, The offending lad will be sent to the Reform School. Many teachers in Milwankee are considerably exercised over the bill introduced in the assembly requiring all teachers of graded schools to hold state certificates or their equivalent as a qualification for principal of a graded school in a city. The law would retire thirteen in Milwaukee. Judge Burnell fined Juror Allen $10 for contempt of court on Monday last. Allen had gone to a fast saloon with the defendant in a case on which he was one of the jurors and remained there unti! late the following morning. The case was tried without him The Diamond Match Co. has finally concluded to go to Green Bay. Charles Limmbrick an employe of the Blatz Brewing Company of Milwaukee met his death on Monday in a shocking manner. His body was found in the bottom of an elevator shaft crushed to a puln. It is not hnown how the ace Nent occurred. but It is thought he was caught between the elevator platform and third floor. Richard Mantei of Kaukauna, a lad of ten years while playing with some companions on Tuesday last was taken suddenly sick and died before he could reech his home. Perry Smith died in the poor house at Sturgeon Bay on Sunday last. He was one of the Monitor's crew in her fight at Hampton Roads with the Merrimac. It seems queer to people in this section of the state that complaint should be made elsewhere in the state of excessive drifts. At Grantsburg no such quantity of snow has been on the ground in 12 years and it is greatly impeding logging operations.
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A Bank's Capital Entirely Gone. WEST SUPERIOR, Wis., Feb. 15.-The State Trust and Savings bank, capital $25,000, passed into the hands of W. H. Stack as receiver this morning. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises. The capital is said to be completely wiped out.
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A Bank's Capital Entirely Gone. WEST SUPERIOR, Wis., Feb. 15.-The State Trust and Savings bank, capital $25,000, passed into the hands of W. H. Stack as receiver this morning. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises. The capital is said to be completely wiped out.
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Article Text
A Bank's Capital Entirely Gone. WEST SUPERIOR, Wis, Feb. 15.-The State Trust and Savings bank, capital $25,000, passed into the hands of W. H. Stack as receiver this morning. This bank was owned by the Fowlers, who are alleged to have used it for their own enterprises. The capital is said to be completely wiped out.
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EXAMINER KIDD'S FOURTH SEMIANNUAL REPORT. BIG INCREASE IN DEPOSITS Since December There Has Also Been a Healthy Growth in Loans-Depositors May Get no Dividend From Superior State Trust & Saving Bank and Eau Claire Commercial. Bank Examiner E. I. Kidd submitted his fourth semi-annual report to the governor Monday. He says that the whole number of institutions under his charge is 286, divided as follows: State banks, 130; private barks, 107; savings bank, 1: building and loan as sociations, 48. The aggregate authorized capital of the state banks is $6,558,700, and the reported capitalization of private banks, $1,125,986.26. The total assets of all the banks was $42,062,136.14, of which $11,034,205.92 represents moneys of all kinds, and The examiner says: "The work of making the regular annual examinations of these institutions is in progress at the present time and will be completed before July 3 next, the close of the year. The new banks organized with name, location and capitalization are as follows: "State Banks-Meinhard bank, Burlington, $25,000; Farmers State bank, Darien, $25,000; Bank of Hudson, Hudson, $25,000; Commercial State bank, Medford, $25,000 "Private Banks-Merchants & Savings Bank, Kenosha, no capital: Victor E. Huntzicker. Neillsville, $20,000. "The capital stock of the following banks vas, upon application of the stockholders, reduced by act of the legislature as follows: Citizens bank. Whitewater, from $75,000 to $50,000: German American bank, Oshkosh, from $150,000 to $100,000 "The following banks have gone out of business: Exchange bank, Alma Center: Exchange bank. Hixton. "The total number of banks which have suspended since the last report is four. as follows: Bank of Superior, Superior: Bank of West Superior, West Superior: State Trust & Savings bank. West Superior: Commercial bank. Eau Claire. The aggregate assets and liabilities of these institutions at the time of failure was $476,790 with an aggregate amount due depositors of $282,028.15. I am informed by the receivers of the two first named banks that while the process of closing up the business will be slow there is a reasonable certainty of the depositors being paid in full. An examination of the State Trust & Savings bank of West Superior made by myself on the 5th of February. showed that its capital was impaired to an extent which seriously jeop-
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Stockholders Assessed. WEST SUPERIOR, Wis.. Oct. 27.Judge Vinje of the circuit court has made a ruling in the State Trust and Savings bank wherein he holds the stockholders of that institution liable for the deposits up to the amount of the stock held by each. The decision has startled many in this city. The bank went into a receiver's hands a year or SO ago, and was in a bad shape.
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Stockholders Assessed. WEST SUPERIOR, Wis., Oct. 27.Judge Vinje of the circuit court has made a ruling in the State Trust and Savings bank wherein he holds the stockholders of that institution liable for the deposits up to the amount of the stock held by each. The decision has startled many in this city. The bank went into a receiver's hands a year or so ago, and was in a bad shape.