Article Text
WILL RESUME. SPARTA, Wis., July 27.-The bank of M. A. Thayer and the Bank of Sparta suspended today to protect their depositers. The banks will resume.
Bank of Sparta (Sparta, WI)
Episode Information
- Episode UID
79021171123- Episode Type
- Run → Suspension → Reopening
- Bank Type
- state
- Bank ID
-
7902117routing - Routing Number
79-0211- Start Date
- July 27, 1893
- Location
- Sparta, Wisconsin (43.944, -90.813)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
27af236c0633a2d7
Response Measures
None
Events (3)
1.
July 27, 1893
Run
- Cause
- Macro News
- Cause Details
- Prolonged national financial strain prompted many depositors to withdraw funds from the bank.
- Measures
- Bank closed to protect depositors; suspended payment.
- Newspaper Excerpt
- On account of the prolonged strain in the financial condition of the country many depositors had withdrawn their money.
- Source
- newspapers
2.
July 27, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Suspension taken after heavy withdrawals caused by the prolonged national financial strain.
- Newspaper Excerpt
- The M. A. Thayer bank closed its doors at noon today, and at 2 o'clock the Bank of Sparta ... suspended payment. The banks were closed in the interest of all depositors.
- Source
- newspapers
3.
August 5, 1893
Reopening
- Newspaper Excerpt
- A dispatch from Sparta says that the Bank of Sparta, which suspended a few days ago will reopen its doors today.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Sparta Banks Shut Up. SPARTA, Wis., July 27.-The M. A. Thayer bank closed its doors at noon today, and at 2 o'clock the Bank of Sparta, of which Ira Hall is president, also suspended payment. The banks were closed in the interest of all depositors. On account of the prolonged strain in the financial condition of the country many depositors had withdrawn their money. Both banks are believed to be solvent.
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Article Text
Wisconsin Banks Suspend. SPARTA, Wis., July 27.-M. A. Thayer's bank and the Bank of Sparta closed today. Liabilities of the former $175,000; assets $225,000. Liabilities of the latter $210,000; assets $300,000.
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Business Complications. The North Buffalo mine has shut down. The Harrisburg (Pa) rolling mill has closed. The wire nail plants will continue shut down. The Ellensburg (Wash.) National bank has suspended. The Minno ota Iron company's mines have closed down. S. H. Morrison, lumber merchant, Cam den, N. J., has assigned. Depositors of Farmers' bank, Mt. Ster. ing, Ky., will be paid in full. The Traders' Bank of Deposit, Mt. Sterling, Ky., has suspended. The Bank of Sparta (Wis.) and M. A. Thaver's private bank have closed.
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Article Text
MORE BANKS FAIL. Four In Wisconsin, One in Montana, and Another in Kentucky. MILWAUKEE. July 28.-Two banks in Sparta. Wis., closed their doors here yesterday. the M. A. Thayer Bank and the Bank of Sparta. The cashiers of both institutions say that the action was taken to protect depositors and that the banks will resume. The liabilities of the M. A. Thayer Bank are placed at about $175.000 and the assets at $225,000: while the liabilities of the Bank of Sparta are said to be $210,000. with assets of $300,000. The German-American Bank at Port Washington and Seymour's Bank at Chippewa Falls, Wis., failed to-day. GREAT FALLS. Mont. July 28.-The First National Bank of this city suspended this morning. owing to the Helena bank suspensions. Assets are much above liabilities. and it is believed it will soon resume. The bank was owned in large part by the Great Falls Town Site Company. and was a depository for the Great Northern Railway. It has a capital of
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SPARTA, Wis., July 29.-The M. A. Thayer bank closed its doors and the bank of Sparta, of which Ira A. Hill is president, also suspended payment. The banks were closed in the interest of all depositors, as the prolonged strain in the financial condition of the country had caused many depositors to withdraw their money. Both banks are believed to be solvent.
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Article Text
FINANCIAL AND COMMERCIAL. At Portland, Ore., the Union Banking Company suspended. At Ellensburg, Wash,, the Ellensburg National bank suspended. At Chamberlain, D. N., the Chamberlain National Bank failed. At Sparta, Wis., the M. A. Thayer bank and the Bank of Sparta, both supposed to be solvent, closei Thursday. At Great Falls, Mont., the First National bank, with a capital of $200,000, suspended.
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THE FINANCIAL CRISIS. Banks Continue to Suspend In the West. The South Seems to be as. Solid as the North. A special from Martinsville, Ind, says: S. M. Mitchell's Bank, establi. hed here thirty years ago. backed by $500, 000, went into voluntary liquidation yesterday. There is $100,000 in its values and deposited by it in Indian apolis banks. The cause of the action, it is said, is the division of an estate. A FAR-AWAY WESTERN BANK. ELLENSBURG, WASH.-The Elleosburg National Banksuspended payment Thursday. BANKS IN WISCONSIN. SPARTA, Wis.-Two backs closed their doors here-the M. A. Thayer Bank and tbe Bank of Sparta. CHIPPEWA FALLS, WIS.-G. W. Seymour's private bank closed it doors. There are runs on all the other banks in town. PORTLAND, ORE.-The Uuion Bask ing Company has suspended. GREAT FALLS, MONT. - The First Na. tional Bank of this city suspended pay ment. ANOTHER KENTUCKY BANK. MOUNT STERLING, KY. - The officers of the Traders' Deposit Bank decided to suspend payment, owing to a heavy run on the bank caused by the suspension of the Farmers' Bank. BIDDEFORD, Mr.-The York Mills at Baco shut down Saturday for two weeks, owing to overp.oduction.
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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.
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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.