Article Text
DOWN in the Crush. EAU CLAIRE, Wis., January 7.-The Commercial bank, capital $30,000, closed, to-day, due to the suspension of the Allementa bank, of St. Paul.
Commercial Bank (Eau Claire, WI)
Episode Information
- Episode UID
3685947391165- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
368594739hash - Start Date
- January 7, 1897
- Location
- Eau Claire, Wisconsin (44.811, -91.498)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
71908d8272e5dcb5
Response Measures
None
Description
Failure linked to suspension of the Allemania (Allemannia) Bank of St. Paul; receiver appointed and bank remained in receivership.
Events (4)
1.
January 7, 1897
Suspension
- Cause
- Correspondent
- Cause Details
- Closed following the suspension of the Allemania (Allemannia) Bank of St. Paul, which precipitated the failure.
- Newspaper Excerpt
- closed today, due to the suspension of the Allemania Bank of St. Paul.
- Source
- newspapers
2.
January 8, 1897
Receivership
- Newspaper Excerpt
- the Commercial bank, which suspended yesterday, was today placed in the hands of C. M. Buffington as receiver.
- Source
- newspapers
3.
September 4, 1897
Other
- Newspaper Excerpt
- Receiver C. M. Buffington today sold to T. B. Keith the remaining assets of the defunct Commercial bank for $8,900.
- Source
- newspapers
4.
January 5, 1898
Other
- Newspaper Excerpt
- C. M. Buffington, receiver of the Commercial bank, was yesterday granted his discharge.
- Source
- newspapers
Newspaper Articles (23)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Another Bank Gone. EAU CLAIRE, Wis., Jan. 7.-The Commercial bank with a capital of $30. 000 closed today; due to the suspension of the Allemania bank at St. Paul.
Click image to open full size in new tab
Article Text
Bank Failures, EAUCLAIRE, Wis., Jan. 7.-The Commercial Bank of EauClaire with a capital of $30,000 closed today. The failure is due to the suspension of the Allemania bank, St. Paul. President Allen states that the depositors will be paid in full. ST. PAUL, Jan. 7.-A Preston, Minn., special to the dispatch says the Bank of Canton, at Canton, and the Citiz n's Bank of Lanesboro, ooth owned and operated by Field, Kelsey & Co. suspended yesterday.
Click image to open full size in new tab
Article Text
A Wisconsin Bank Failure. EAU CLAIRE, Wis,, Jan. 7.-The Commercial Bank, capital $30,000, closed today, due to the suspension of the Allemania Bank of St. Paul.
Click image to open full size in new tab
Article Text
ARMENIANS RELEASED. All the Prisoners Turned Loose at Constantinople Except Condemned Ones. NEW YORK, Jan. 7.-A dispatch to The Herald from Constantinople says that the last 20 of 388 Armenian prisoners at Constantinople have been liberated. There are still in prison 29 persons condemned to death. One of them is Bishop Arabgir. As to the number of Armenian priests in the province condemned to death, only two have up to the present time been mentioned to the patriarchate as worthy of pardon. Sixty-five Armenians who had sought refuge at Varna have been delivered without difficulty to the Armenian patriarchate. EAU CLAIRE, Wis., Jan. T.-The Commercial bank of Eau Claire, with a capital of $30,000, has closed. The failure was due to the suspension of the Allemania bank at St. Paul. President Allen states the Eau Claire institution will wind up its affairs, and that the depositors will be paid in full.
Click image to open full size in new tab
Article Text
Closed Its Doors. EAU CLAIRE, Wis., Jan. 7.-The - Commercial bank of Eau Claire, capital $30,000, has closed. The failure is due to the suspension of the Allemannia bank of St. Paul, President Allen states that the depositors will be paid in full.
Click image to open full size in new tab
Article Text
Buffington for Receiver. EAU CLAIRE, Wis., Jan. 8.-On application of the depositors, the Commercial bank, which suspended yesterday, was today placed in the hands of C. M. Buffington as receiver.
Click image to open full size in new tab
Article Text
RECEIVER FOR A WISCONSIN BANK. Eau Claire, Wis., Jan. 9.-On application of Edward Boyle, who had about $3,000 on deposit, the Commercial Bank, which suspended on Thursday, has been placed in the hands of G. M. Buffington as receiver. Boyle's application merely alleged insolvency.
Click image to open full size in new tab
Article Text
One Failure Caused Another. EAU CLAIRE, Wis., Jan. 8.-The Commercial bank of Eau Claire, capital $30,000, closed to-day. The failure is due to the suspension of the Allemania bank of St. Paul.
Click image to open full size in new tab
Article Text
A Wisconsin Bank Failure. Eau Claire, Wis., Jan. 11.-The Commercial bank, of Eau Claire, capital $30,000, closed today. The failure is due to the suspension of the Allemania bank, of St. Paul. President Allen states the depositors will be paid in full.
Click image to open full size in new tab
Article Text
A Wisconsin Bank Failure. Eau Claire, Wis., Jan. 11.-The Commercial bank, of Eau Claire, capital $30,000, closed today. The failure is due to the suspension of the Allemania bank, of St. Paul. President Allen states the depositors will be paid in
Click image to open full size in new tab
Article Text
A Wisconsin Bank Failure. Eau Claire, Wis., Jan. 11.-The Commercial bank, of Eau Claire, capital $30,000, closed today. The failure is due to the suspension of the Allemania bank, of St. Paul. President Allen states the depositors will be paid in
Click image to open full size in new tab
Article Text
One Failure Caused Another. EAU CLAIRE, Wis., Jan. 8.-The Commercial bank of Eau Claire, capital $30,000, closed to-day. The failure is bank of St. Paul. due to the suspension of TOJO
Click image to open full size in new tab
Article Text
Opposed to the Receiver, EAU CLAIRE, Wis., Jan. 16.-After a long secret discussion last night 125 depositors and stockholders of the Commercial bank adopted a resolution that the court be asked to allow an assignment to be made to R. K. Boyd. Meantime a receiver appointed by the court is in charge. There is much bitter feeling.
Click image to open full size in new tab
Article Text
Stockholders Ask for a Receiver. ST. PAUL, Minn., Jan. 16.-An Eau Claire (Wis.) dispatch says: After a long secret session last night 125 stockholders and depositors of the failed Commercial bank adopted a resolution that the court be authorized to allow an assignment to be made to R. K. Boyd. In the meantime, a receiver appointed by the court is in charge.
Click image to open full size in new tab
Article Text
Assets Are Worthless. Eau Claire, Wis., May 6.-Receiver Buffington, in charge of the defunct Commercial bank, having received the report of an agent sent to Kansas to investigate the value of the assets in the shape of tax titles listed at $17,000, has filed a statement showing the Kansas assets are practically worthless. This, with previous developments, indicates that the depositors won't get much.
Click image to open full size in new tab
Article Text
Assets Are Worthless. Eau Claire, Wis., May 6.-Receiver Buffington, in charge of the defunct Commercial bank, having received the report of an agent sent to Kansas to investigate the value of the assets in the shape of tax titles listed at $17,000, has filed a statement showing the Kansas assets are practically worthless. This, with previous developments, indicates that the depositors won't get much.
Click image to open full size in new tab
Article Text
Sold the Bank's Assets. Special to the Globe. EAU CLAIRE, Wis., Sept. 4.-Receiver C. M. Buffington today sold to T. B. Keith the remaining assets of the defunct Commercial bank for $8,900. The face value of the assets amounts to over $50,000.
Click image to open full size in new tab
Article Text
Depositors Have a Poor Prospect. Eau Claire, Wis., Dec. 31.-C. M. Buffington, receiver of the Commercial bank, was yesterday granted his discharge. His report shows $27,723 in cash realized out of the assets and $24,877 disbursed. The face value of the assets turned over when the receiver was ap. pointed was about $90,000 and the liabilities about $65,000. The depositors will get nothing unless the stockholders are held reliable.
Click image to open full size in new tab
Article Text
Receiver Discharged. C. M. Buffington, receiver of the Commercial bank, in Eau Claire, was granted his discharge on application to Judge Bailey. His report shows $27,723 in cash realized out of theassets, and $24,377 disbursed. The face value of the assets turned over when the receiver was appointed was about $90,000, and the liabilities about $65,000. The depositors will get nothing unless the stockholders are held liable.
Click image to open full size in new tab
Article Text
Receiver Discharged. C. M. Buffington, receiver of the Commercial bank, in Eau Claire, was granted his discharge on application to Judge Bailey. His report shows $27,723 in cash realized out of the assets, and $24,877 disbursed. The face value of the assets turned over when the receiver was appointed was about $90,000, and the liabilities about $65,000. The depositors will get nothing unless the stockholders are held liable.
Click image to open full size in new tab
Article Text
Two Eau Clair Cases Consolidated. In the matter of the receivership of the National Electric Manufacturing Company, Judge O'Neill filed an order at Eau Claire consolidating the two actions, adding largely to the number of defendants, and vacating Judge Bailey's three orders of Dec. 30 closing the receivership. Judge O'Neill also removed Receiver R. E. Rue, but said his removal was due only to the fact of his having been made a defendant. The receivership of the Commercial Bank, also closed by Judge Bailey, is being reopened.
Click image to open full size in new tab
Article Text
Two Eau Clair Cases Consolidated. In the matter of the receivership of the National Electric Manufacturing Company, Judge O'Neill filed an order at Eau Claire consolidating the two actions, adding largely to the number of defendants, and vacating Judge Bailey's three orders of Dec. 30 closing the receivership. Judge O'Neill also removed Receiver R. E. Rue, but said his removal was due only to the fact of his having been made a defendant. The receivership of the Commercial Bank, also closed by Judge Bailey, is being reopened.