Bank of Antigo (Antigo, WI)

Episode Information

Episode UID
4497708091175
Episode Type
Suspension β†’ Reopening
Bank Type
trust
Bank ID
449770809 hash
Start Date
November 13, 1897
Location
Antigo, Wisconsin (45.140, -89.152)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5d2821ac4f09775e

Response Measures

None

Description

Closed by board after examiner found irregularities; president later appointed receiver and bank reopened.

Events (3)

1. November 13, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Irregularities in the books discovered by the state bank examiner led directors to close the bank and apply for a receiver.
Newspaper Excerpt
The Bank of Antigo was closed today by order of the board of directors on account of irregularities in the books found by the bank examiner.
Source
newspapers
2. November 16, 1897 Reopening
Newspaper Excerpt
He says that the bank will open tomorrow for business. ... Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made.
Source
newspapers
3. December 30, 1897 Other
Newspaper Excerpt
An order dissolving the receivership of the Bank of Antigo and authorizing the payment of liabilities was received from the circuit judge of the Antigo district. President Borgman is acting as cashier and is paying all depositors in full.
Source
newspapers

Newspaper Articles (18)

Article from Santa Fe Daily New Mexican, November 13, 1897

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Article Text

WISCONSIN BANK CLOSED. Irregularities in Books Cause Board of Directors to Suspend BusinessDepositors will Lose Nothing. Antigo, Wis., Nov. 13.-The Bank of Antigo was closed today by order of the board of directors on account of irregularities in the books found by the bank examiner. Application was made for a receiver. The depositors will be paid in full. B. G. Bergman, president, and B. G. McDonald, vice president, have pledged themselves to make good all deficits.


Article from New-York Tribune, November 14, 1897

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Article Text

IRREGULARITIES IN THE BOOKS. Antigo, Wis.. Nov. 13. - -The Bank of Antigo closed its doors to-day by order of the Board of Directors, on account of irregularities in the books, as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full. H. G. Bergman, president, and B. G. McDonald, vicepresid. nt, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Indianapolis Journal, November 14, 1897

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Article Text

Bank of Antigo Closed. ANTIGO, Wis.. Nov. 13.-The Bank of Antigo closed its doors to-day by order of the board of directors on account of irregularities of books as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full, H. G. Bergman, president, B. G. Donald, vice president, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Saint Paul Globe, November 14, 1897

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Article Text

Bank's Doors Closed. MILWAUKEE, Wis., Nov. 12.-A special to the Journal from Antigo, Wis., says: The Bank of Antigo closed its doors today by order of the board of directors, on account of irregularities in the books, as found by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president. and C. B. McDonald, vice president, pledging the selves to make good all liabilities. The extent of all the irregularities is unknown.


Article from Semi-Weekly Register, November 17, 1897

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DEPOSITORS WILL BE PAID. Bank of Antigo Closes on Account of Irregular Bookkeeping. MILWAUKEE, Nov. 15.-A special to The Journal from Antigo, Wis., says: The bank of Antigo closed its doors by order of the board of directors on account of irregularities in the books as und by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president, and C. B. McDonald, vice president, pledging themselves to make good all deficiencies. The extent of all the irregularities is unknown.


Article from The Representative, November 17, 1897

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Article Text

ANOTHER ONE GONE. One by one the roses fall, before the tender zephyrs of McKinley prosperity: ANTIGO, Wis., Nov. 16.-The Bank of Antigo closed its doors today by order of the board of directors on account of irregularities in the books as found by the bank examiner. An application was made for a receiver. Depositors will be paid in full, H. G. Bergman, president. and C. B. McDonald, vice president, pledging themselves to make good all deficiencies. The extent of all the irregularities is unknown.


Article from Watertown Republican, November 17, 1897

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Article Text

BANK WILL SOON REOPEN. Officials of Antigo Institution Claim Everything will be Settled. Antigo, Wis., Nov. 15.-[Special.]-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000,with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs: "The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say what the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2000. The loss has been partly provided for, and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made.


Article from Wood County Reporter, November 18, 1897

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Article Text

BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowiedge of its liabilities, this being deemed necessary on account of al leged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed, it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from The Manitowoc Pilot, November 18, 1897

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Article Text

SURROUNDING COUNTRY. Andrew Olson, a hermit, was found dead 10 his but near Durand Od Monday. He was 81 years old. The Bank of Antigo suspended on Sat. urday last. This step was taken after an examination of its affairs by the state bank examiner. It re-opened yesterday. Arthur Schindler of Wakefield, this state, broke through the ICE while skating on Saturday last and was drowned. Two companions tried to save him but were unable to do so. It is now transpires that William Edwards of Sheboygan who was found in a dying condition at a country hotel near South Bend, Ind., was engaged in a duel in which he got his death wound. A ledge of rock in a stone quarry gave way at Ableman, Sauk county, on Tuesday. One man, August Mike was crushed to death and Albert Yoeck was serionely injured and may die, Two ladies, Miss Melville,a teacher, and Miss Tromble, while riding in a carriage on Monday near La Crosse, were struck by a locomotive. The former was killed and the latter seriously injured. Ishpeming defeated the South Side Highs of Milwaukee last Saturday. Appleton downed Oshkosh by a score of 34 to 0. Fond du Lac was beaten by Wayland by 12 to 0. Marinette and Rhioelander played a tie,zero to zero. St. Johns defeated Whitewater 10 to 6, and Two Rivers was slaughtered by Kewaunee by a score of 64 to 0.


Article from Mineral Point Tribune, November 18, 1897

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Article Text

BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of al leged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar. and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed. it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from The Mankato Free Press, November 19, 1897

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Article Text

DEPOSITORS WILL BE PAID. Bank of Antigo Closes on Account of Irregular Bookkeeping. MILWAUKEE, Nov. 15.-A special to The Journal from Antigo, Wis., says: The tank of Antigo closed its doors by order of the board of directors on account of irregularities in the books as ud by the bank examiner. An appacation was made for a receiver. Depositors will be paid in tull, H. G. Bergman, president, and C. B. McDonald, vice president, pledging themselves to make good all deficiencies. The extent of all the irregularities is unknown.


Article from Arizona Republican, November 20, 1897

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Article Text

IRREGULARITIES IN THE BOOKS. Antigo, Wis., Nov. 19.-The Bank of Antigo closed its doors today by order of the board of directors on account of irregularities in the books, as found by the bank examiners. An application was made for a receiver. Deposits will be paid in full, H. G. Bergman, president, and B. G. McDonald, vice-president, pledging themselves to make good all deficits. The extent of the irregularities are unknown.


Article from The Superior Times, November 20, 1897

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Article Text

BANK WILL SOON REOPEN. Officials of Antigo Institution Claim Everything will be Settled. Antigo. Wis., Nov. 15.-|Special.]-H. 1. Borgman, president of the Bank of Antigo, which closed its doors on Saturday. has been appointed receiver, and will also act as cashier. He has given bonds for $75,000. with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs: "The bank was closed to get at an exact knowledge of its liabilities this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say what the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2000. The loss has been partly provided for. and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 15.-[Special.]The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed. it is the opinion of the committee that legal steps should be taken to protest the depositors' interests. While expressing their confidence in Receiver Towne. the committee believes that the best results can be secured by the appointment of a new receiver on account of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day. after hearing the report. decided to recommend to the court for Receiver George C. Sutherland of Janesville.


Article from The True Democrat, November 20, 1897

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Bank of Autigo Closes Its Doors. The Bank of Antigo, Wia, closed doors Saturday by order of the of directors on account of irreg ities in the books as found by examiner. An application was for a receiver. Deposits will DOP in full.


Article from Vilas County News, November 22, 1897

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BANK WILL SOON REOPEN. Antigo, Wis., Nov. 16.-H. G. Borgman, president of the Bank of Antigo, which closed its doors on Saturday, has been appointed receiver, and will also act as cashier. He has given bonds for $75,000, with well-known business men of Antigo and Appleton as his sureties. He says that the bank will open tomorrow for business. Vice-President McDonald says in regard to the bank's affairs:" The bank was closed to get at an exact knowledge of its liabilities, this being deemed necessary on account of alleged irregularities in the cashier's accounts. It is impossible to say the actual loss is. It may reach several thousand dollars, but in my opinion it will not be $2,000. The loss has been partly provided for and everything will be straightened out." Cashier Buckham said that no one would lose a dollar, and that he can explain all the differences as soon as a thorough examination is made. Edgerton, Wis., Nov. 16.-The committee appointed by the depositors of the defunct Bank of Edgerton says in its report that all endeavors to bring about an amicable settlement having failed, it is the opinion of the committee that legal steps should be taken to protect the depositors' interests. While expressing their confidence in Receiver Towne, the committee believes that the best results can be secured by the appointment of a new receiver on acount of the relationship between Mr. Towne and the president of the late bank. A meeting of the depositors called the same day, after hearing the report, decided to recommend to the court for receiver, George C. Sutherland of Janesville.


Article from Rock Island Argus, December 22, 1897

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# ABBREVIATED TELEGRAMS. J. G. Lindon, of Clear Lake, Ia., has iost $1,500 by the ravages of dogs among his sheep. Frederick Muntz was crushed to death in the machinery of the pulp mill at Niles, Mich. Peter Schnell, a grain dealer of Jasper, Ind., has left for Mexico. Seven men are on his bond for $40,000. Robert F. Ballantine, of Newark, N. J,. gave his wife a $40,000 pearl necklace on the fortieth anniversary of their wedding. The estate of the late Charles F. Crocker, of San Francisco, is reported at $7,032,129. Of this amount $5,658,154 is personal. The bank of Antigo, Wis., has been relieved of a receiver by an order from the circuit court. All depositors will be paid in full. A movement is on foot to establish a hospital at Madison, Wis., for the care of students of the state university who may be taken ill. The wife of Prince Hohenlohe, the German imperial chancellor, died at Berlin yesterday morning of inflammation of the lungs. John Sweeney, aged 23 years, was caught in shafting at Dayton, O., and hurled about until both of his legs were torn off below the knee. At the burning of the Golden Rule store, at Danville, Ills., Mollie Reid, a cloak trimmer, was burned to death. The property loss was $110,000. Nick Zimmerman and Matt Heger, of Jefferson, Wis., charged with stealing poultry, were sentenced to six months in the county jail at that place. Turks at Smyrna fired on the U. S. S. Bancroft Dec. 4 and upon protest. by Minister Angell at Constantinople the porte apologized and punished the offending officials. George Thurston shot and dangerously wounded his mistress, Lizzie Parker, at Chicago, and then he pressed the muzzle of the revolver to his own forehead and pulled the trigger. The chief of the Hamburg fire brigade, In the course of a report on the recent fire in the Cripplegate district of London, condemns the London fire brigade as "inadequate and antiquated." While piloting a heavy freight train up the Merchants bridge incline at St. Louis, an engine of the Terminal Railroad association jumped the track and plunged to the ground. Fireman Pensinger was instantly killed. An American negro recently died in an Australian mining settlement. He was a man much esteemed by the mates, who recorded their feelings in these few words, burnt on a sheet of bark: "In memory of Black Sam, name unknown, a white man all over." Notices have been posted at the China, Pembroke and Webster cotton mills, makers of print cloths, announcing a reduction of wages of about 10 per cent. on Jan. 1.


Article from River Falls Journal, December 30, 1897

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Receivership Dissolved. An order dissolving the receivership of the Bank of Antigo and authorizing the payment of liabilities was received from the circuit judge of the Antigo district. President Borgman is acting as cashier and is paying all depositors in full. After all claims are paid an effort will be made to reorganize the bank.


Article from Grant County Herald, December 30, 1897

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Receivership Dissolved. An order dissolving the receivership of the Bank of Antigo and authorizing the payment of liabilities was received from the circΓΊit judge of the Antigo district. President Borgman is acting as cashier and is paying all depositors in full. After all claims are paid an effort will be made to reorganize the bank.