Waupaca County National Bank (Waupaca, WI)

Episode Information

Episode UID
441401124
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
44140 national
Charter Number
4414
Start Date
August 2, 1893
Location
Waupaca, Wisconsin (44.358, -89.086)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7c877271a13f6d3a

Response Measures

Full suspension, Books examined

Description

Sources differ slightly on the announced reopen date (authorized Aug 28; several reports note reopened Aug 30).

Events (5)

1. September 10, 1890 Chartered
Source
historical_nic
2. August 2, 1893 Run
Cause Details
Heavy withdrawals/a run by depositors is cited; no specific trigger (rumor or other) is identified in the articles.
Measures
Bank closed doors / suspended payment shortly after heavy withdrawals.
Newspaper Excerpt
The trouble was caused by a run on the institution.
Source
newspapers
3. August 2, 1893 Suspension
Cause Details
Suspension of payments/closure following the depositor run; later compliance with Controller of the Currency conditions allowed reopening.
Newspaper Excerpt
The Waupaca County National bank closed its doors this morning.
Source
newspapers
4. August 28, 1893 Reopening
Newspaper Excerpt
have been authorized to resume business ... the latter on Monday, August 28.
Source
newspapers
5. June 17, 1910 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (15)

Article from St. Paul Daily Globe, August 3, 1893

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Article Text

Bank at Waupaca Closes. Waupaca, Wis., Aug. 2.-The Waupaca County National bank closed its doors this morning. The trouble was caused by a run on the institution. The general belief is that depositors will be paid in full. The president stated today that they had $40,000 in gilt-edged paper more than they were owing July 12.


Article from Rock Island Daily Argus, August 3, 1893

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Article Text

Bank at Waupaca Closes. WAUPACA, Wis., Aug 3.-The Waupaca County National bank has closed its doors. The trouble was caased by a run on the institution. The general belief is that depositors will be paid in full.


Article from Rock Island Daily Argus, August 5, 1893

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Article Text

Wiseonsin Bank News. Milwaukee, Aug. 5.-A dispatch from Sparta says that the Bank of Sparta, which suspended a few days ago will reopen its doors today. M. A. Thayer, operating banks at Sparta and Tomah, has made an assignment. Depositors will receive about 60 cents on the dollar The Waupaca National bank it expected to resume in a few days.


Article from The Madison Daily Leader, August 7, 1893

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Article Text

Will Resume. MILWAUKEE, Aug. 7.-A dispatch from Sparta says that the Bank of Sparta, which suspended a few days ago, will reopen its doors in the morning. The Waupaca National bank is expected to resume in a few days.


Article from The Star, August 9, 1893

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Article Text

Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of California's gold mines and smelters. The decrease of the earnings of the Western railroads for July, as compared with the June earnings, is estimated at $500,000.


Article from The Middleburgh Post, August 10, 1893

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Article Text

Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of Cali fornia's gold mines and smelters. The decrease of the earnings of the West ern railroads for July, as compared with the June earnings, is estimated at $500,000.


Article from Evening Star, August 24, 1893

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Article Text

Colorado and Wisconsin Banks Resume. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca. Wis., which suspended payment on July 5 and August 2, respectively, having complied with the conditions imposed upon them by the controller of the currency, and the capital stock being unimpaired, have been authorized to reopen their doors to business The former will resume on Monday, September 4, and the latter on Monday, August 28


Article from New-York Tribune, August 24, 1893

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Article Text

posed upon It by the Controller of the Currency, and its capital stock being unimpaired, (was to-day permitted to reopen its doors for business. The American National Bank of Pueblo, Col., and the Waupaca County National Bank of Waupaca, Wis., which suspended payment on July 5 and August 2 respectively, have also been authorized to resume business. The former will resume on Monday, September 4, and the latter on Monday, August 28.


Article from Rock Island Daily Argus, August 24, 1893

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Article Text

Wisconsin Bank to Keopen. WAUPACA. Wis., Aug 24.-The County National bank of this city, that closed its doors some time ago owing to a run by its depositors, has received instructions from Bank Compt oller Eckels to reopen. This it will do Monday, Aug. 28.


Article from Daily Kennebec Journal, August 25, 1893

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Article Text

Signs of Better Times. WASHINGTON, Aug. 24-The American National bank of Pueblo, Colo., and the Waupaca County National bank of Wanpaca, Wis, which suspended payment, have been authorized to resume business.


Article from The Madison Daily Leader, August 30, 1893

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Article Text

Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - - The County National bank of this city reopened its doors for business after a suspension of less than a month.


Article from The Representative, August 30, 1893

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Article Text

Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.


Article from The Sauk Centre Herald, August 31, 1893

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Article Text

Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.


Article from Bismarck Weekly Tribune, September 1, 1893

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Article Text

Waupaca Bank Revpened. WAUPACA, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.


Article from The Washburn Leader, September 9, 1893

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Article Text

BANK SOON TO REOPEN. Wanpaca, Wis., Aug. 24.-The Waupaca County National bank of this city, which closed its doors some time ago owing to a run by its depositors, received instructions from Controller Eckels to reopen. This it w.ll do Monday, Aug. 28.