Article Text
Stoughton, Wis., June 10.-The Dane County Bank, doing a general banking business, suspended today.
Dane County Bank (Stoughton, WI)
Episode Information
- Episode UID
8147406891194- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
814740689hash - Start Date
- June 10, 1899
- Location
- Stoughton, Wisconsin (42.917, -89.218)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
b34ea1229f47fbea
Response Measures
None
Events (2)
1.
June 10, 1899
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Losses from speculation in Texas (and Mexico) lands alleged to have brought about the suspension.
- Newspaper Excerpt
- Stoughton, Wis., June 10.-The Dane County Bank, doing a general banking business, suspended today.
- Source
- newspapers
2.
June 12, 1899
Receivership
- Newspaper Excerpt
- The assets of the Dane County bank which closed its doors on Saturday are $223,000 and liabilities as $173,000. Attorney G. E. Roe, of Madison, was appointed receiver.
- Source
- newspapers
Newspaper Articles (13)
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Article Text
Wisconsin State Bank Failure. Milwaukee, June 12.-A Sentinel speclal from Stoughton, Wis., says the assets of the Dane County bank which closed its doors on Saturday are $223,000 and liabilities as $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver.
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Assets Ample. STOUGHTON, Wis., June 11.-The assets of the Dane county bank which closed its doors on Saturday are $223,000 and liabilities $173,000. The amount due depositors is said to be $155,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.
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BRIEF BITS OF NEWS. I The Sfax, with Dreyfus on board, has left Cayenne, French Guiana, for France. The Dane County (Wis.) state bank, doing a general banking business at The bank Stoughton, has suspended. was capitalized at $60,000. Director of Census Merriam has completed his official technical staff by the appointment of S. N. North of Boston chief statistician in charge of the division of manufacturing and mechanical industries. A telegram received at the navy department from Admiral Kautz, at Honolulu, via San Francisco, states that he arrived at Honolulu June 1. He was to leave on June 10 and arrive at San Francisco on the 22d. John J. Lalor, the well known writer on politcal economy, formerly of Milwaukee, who fell from the steps of the treasury department at Washington Thursday, died from his injuries and shock, at the Emergency hospital.
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Wisconsin Bank Closed. Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.
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Article Text
Wisconsin Bank Closed. Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver. The suspension is alleged to have been brought about by speculation in Texas lands.
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FAILURE OF STOUGHTON BANK. It Is Caused by Speculation in Texas and Mexico Land. Stoughton, Wis., June 13.-The assets of the Dane county bank, which closed its doors on Saturday, are $223,000 and the liabilities $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe of Madison was appointed receiver. The sus-
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Article Text
Wisconsin StateBank Failure. Milwaukee, June 12.-A Sentinel special from Stoughton, Wis., says the assets of the Dane County bank which closed its doors on Saturday are $223,000 and liabilities as $173,000. The amount due depositors is said to be $157,172. Attorney G. E. Roe, of Madison, was appointed receiver.
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Monday, June 12. The sugar war is reported over. The Sfax, with Dreyfus on board, has left Cayenne, French Guiana, for France. Cleveland street car employes are on a strike. They have a number of grievances they wish redressed. The Afro-American council hasissued an appeal to Southern governors, legislators and judges to prevent lawlessness and lynching. The government report shows a reduction of 2.5 per cent in spring wheat acreage. The condition is 91.4, against 100.9 last year. The Dane County (Wis.) state bank, doing a general banking business at Stoughton, has suspended. The bank was capitalized at $60,000. Major Sears of the corps of engineers, U. S. A., now stationed at Duluth, has been detailed to establish harbor lines in the harbors of Porto Rico. A telegram received at the navy department from Admiral Kautz, at Honolulu, via San Francisco, states that he arrived at Honolulu June 1. He was to leave on June 10 and arrive at San Francisco on the 22d.
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Sues I. O. Brictson for $42,000 Papers were filed in the circuit court Monday afternoon in the suit of G. E. Roe, as receiver of the Dane County Bank, of Stoughton, against I.O. Brictson, of Deerfield, to recover judgment for $42,000, the aggregate of seven notes given by Brictson to J. H. Joice, who was cashier of the bank before its failure and which it is alleged in the complaint were endorsed by him and delivered to the bank and became part of its property. In his answer to the complaint Mr. Brictson states that there had been negotiations between himself and Joice as to the latter acquiring an interest in the "Hacienda de San Goes de las Rusias," in Mexico, in which Brictson had invested $120,000, and that it was agreed that Joice should invest at least $50,000 therein. That Brictson signed the notes; as a convenient mode of showing the amount to be SO invested, with the express agreement that they were not to be paid by him, and he alleges that the officers of the bank had full knowledge of these facts.-Madison Journal.
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CREDITORS GET 30 PER CENT. First Dividend in Dane County Bank. B. E. Wait, Receiver. In the circuit court at Madison on Wednesday, Judge Siebecker passed upon the report of Receiver G. E. Roe, of the defunct Dane County Bank, Stoughton. The court ordered a first dividend of 30 per cent for undisputed claims, which will be paid in about a week, as soon as the interest can be computed. Receiver Roe announced his resignation, owing to the fact that he is about to remove to New York, and the court announced that Ben E. Wait of Stoughton, would be appointed to succeed him, his appointment having been requested. Mr. Roe reported his expenses as receceiver to be $584.05, this including sheriff's fees, clerk of court fees, traveling expenses, etc. His own charge for services was $750, being $10 per day for actual time spent. Also the bill of Ben E. Wait, one of his attorneys, $549. All were allowed. There remains the bill of R. M. LaFollette, who is also attorney for the receiver, and which Judge Fish of Racine, will be called in to audit, the statue disqualifying Judge Siebecker from passing on it, be being a relative of Mr. LaFollette.
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Stoughton. P N Johnson has paid to the receiver of the Dane County Bank $1000 upon his liability as stockholder. The 10th annual Ski Tournament took place here on Thursday afternoon and was witnessed by a large and enthusiastic crowd. The procession headed by the Stoughton Cornet Band was formed at the Armory about forty contestants in uniform with Skis, forming a part of the parade which marched to Wettleson's hill where the performance took place. It is reported a deal is being consummated whereby Carl Ellingson will retire as proprietor of the Grand Hotel. H T Hanson has made a verbal agreement with Messrs Marshall & Bissell of Lake Geneva two old hotel men, to take charge of the "Grand" on Mar 15. Mrs O C Gray of Belleville met with a painful accident Monday which caused her to lose one of her fingers by amputation. She caught a ring on her middle finger in a door latch and slipped and fell, the ring cutting the flesh at the second joint and severing the member at the first joint.
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Dane County Bank Judgments. Two judgments, aggregating $46,400.09 besides costs of $26.58, were entered against I.O. Brictson in the circuit court Friday on cognovit proceedings in favor of B. E. Wait, receiver of the defunct Dane County bank at Stoughton. Attorneys Olin & Butler represent the receiver. The Dane County bank failed about four years ago for approximately $100,000 and has since paid about 50 cents on the dollar. Mr. Brictson borrowed about $40,000 from the bank to invest in an irrigation enterprise at Grand Falls, Texas, and in a ranch in Mexico. The irrigation business was a failure and the ranch industry has not paid sufficiently well to wipe out Mr. Brictson's indebtedness.-Journal.