Bank of Wisconsin (Green Bay, WI)

Episode Information

Episode UID
9160084790481
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
916008479 hash
Start Date
January 2, 1840
Location
Green Bay, Wisconsin (44.519, -88.020)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
afac360dd84193c4

Response Measures

None

Description

Sheriff seized the bank in Jan 1840; charter later forfeited and a permanent receiver named.

Events (3)

1. January 2, 1840 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension of specie payments and inability/unwillingness to cash $300 of their notes leading to sheriff seizure.
Newspaper Excerpt
The bank of Wisconsin is done. On the 2d inst., the Sheriff of Green Bay took the keys and sent the cashier, clerks and all, about their business.
Source
newspapers
2. November 1, 1842 Other
Newspaper Excerpt
The Charter of the Bank of Wisconsin was adjudged to be forfeited at the late term of the District Court at Green Bay, on the grounds of its suspension of payment and other mal-practices.
Source
newspapers
3. February 19, 1845 Receivership
Newspaper Excerpt
A final decision has been made in regard to the exploded Bank of Wisconsin. The charter of the bank is entirely forfeited, and Alexander I. Irwin, Esq. of Green Bay, has been appointed permanent receiver of the institution.
Source
newspapers

Newspaper Articles (6)

Article from The Columbia Democrat, January 11, 1840

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Article Text

porter,) for the information of our friends at a distance, that the banks of Philadelphia are about to resume. No time however, as yet, has been agreed upon. They, of course, discount very little, and yet money cannot be said to be in a very great de mand. A joint resolution has been introduced into and passed by the Lower House of the Tennessee Legislature. to compel the banks to resume specie payments forthwith. The mormons, having been driven from Missouri, have settled in Illinois on a tract of land which they have purchased at the head of the Des Moine rapids of the Mississippi. They have laid out a town which is called Nauvoo. A deputation of three persons of their fraternity has been despatched to Washington to petition Congress for relief on account of losses experienced by the Missouri tronbles. Persecution in their case has had its usual effect in strengthening those who are its victims. The mormon sect has increased largely; and it is said that many families of respectobility and influence in the adjoining counties have united themselves with this new denomination, A female is now living in Roxbury, Mass., at the age of 70, who has spent the whole of her life there, and never had the curiosity to visit Boston or to approach it nearer than the view which is afforded at the top of Parker's Hill, near the foot of which, in the house of the late Gen. William Heath and his decendants, she had resided as a domestic since the age of seven. A horned frog 18 stated to have been brought from Fort Towson, by Lieut. Willott Martin, of the 3d infantry, as a present from an officer stationed there, to Col. Hook of Washington. The body resembles that of a frog, and is about the same size, but the skin is like that of the lizard-scaly-and has a tail half as long as the body, tapering to a point. In New Orleans, it is the custom to farm out the markets annually. The beef marS ket of that city has been rented for the presf year for $54,000, being $3100 more than e last year, and the vegetable market for the same period for $36,000, being an advance of $2700. r Twelve hundred passengers arrived at l Texas in three days, with the intention of e setting permanently in that country. It is estimated that thirty thousand emigrants e have arrived at Galveston alone. during the 1 past season. Among the Chartist prisoners recently 19 arrested in Wales, was an American, who is said to be a quack doctor, called Israel, and who was thought to be deeply concerned in the treasonable plot to overturn the established institutions of the country. He is ninety-thee Years old, and is a remarkast ble shrewd mana S The bank of Wisconsin is "done." On e the 2d inst., the Sheriff of Green Bay took is the keys and sent the cashier, clerks and all, about their business. Cause,-The ineability or unwillingness to cash $300 of their issues. 1. d Ten thousand hogs were for sale in Coe lumbus county, Indiana, on the 11th inst. 1000 only had been sold, and they at $2 50 it to $3 the hundred, nett. No advance exer pected on these prices. d The condition of society in Portugal. e particularly in the large city Lisbor, must e be dreadful indeed. From an official reof turn published in the Diario, it appears that as during the months of April, May and June, as of 1839, 2778 crimes were known to have been committed in Lisbon, of which 333 were assassinations. During the three foled nt lowing months, there were 170 assassinations. 11y A bill to provide against the suspension nd by the Banks of South Carolina, is before he the Legislature of that State. It provides for the payment of seven per cent., interest by the suspended bank, on the whole ahe mount of notes in circulation,monthly stateby ments of its condition, and a forfeiture of g charter for refusing compliance with the provisions of the bill.


Article from Piney Woods Planter, February 1, 1840

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RATHER GLOOMY. - Our late papers show clearly that it is the intention of more than two thirds of the banks in the South, that have not already suspended specie payments, to follow in the footsteps of their illustrious sister Banks, and suspend also. The Banks in Navanah have suspended, and the Bank 01 Augusta has also stooped. It is said that the insurance Bank of Macon is the only specie paying Bankin Georgia. The Bank of Wisconsin is sowed up entirely, the Sheriff of Green Bay has taken the keye in his prossession and sent the cashier, clerks, and all to seek sustenance in some more honorable business.--Tb. -


Article from New-York Daily Tribune, November 1, 1842

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IE The Charter of the Bank of Wisconsin was adjudged to be forfeited at the late term of the District Court at Green Bay, on the grounds of its suspension of payment and other mal-practices.The case was argued for the People by Mertimer M. Jackeon, Esq. Attorney General: for the Bank H. S. Baird.


Article from New-York Daily Tribune, November 3, 1842

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MONEY MARKET. Sales at the Stock Exchange, Nev. 2. full 82 5 Bk of Com 1004 $1,500 N. Y. 7s 1848 105 50 Jeff. Fire Ins. Co 100? $2,500 do 1343 100 891 15 Syr. & Utica R $1,000 N. Y. 6s, 1362 15 69 25 Stoning ton R $2,300 Ohio Sixes, 1860 80 s10d 69 55 Del. & Hud $1,000 do 684 do 25 $60d 85 $1,000 do 68 49 50 Long Island R Co $1,000 do 6ms 65 75 300 N Jersey R $2,000 K'ky Sixes 61 10 Harlem 151 $1,000 Kentucky Fives SECOND BOARD. 891 1000 New-York Sixes, 1862 100 2000 New-York Sevens, 1838 Commercial and FRoncy Matters. WEDNESDAY, P. M. The business of the Board was light to-day and without material change in rates. The sales of State Stocks were to moderate extent, and the market is still tending downward generally. Ohio Sixes declined 34 per cent.; State Sevens 1. Foreign Exchanges are nominal at 6 a 6t; for Sterling and Francs 545 a 542}. Alabama funds are in demand to-day at better rates. Sales have been made at 13} discount, Specie funds on Columbus, Ga, 2 per cent. We are authorized to state officially, says the Boston At las, that Jonathan Shove, of Danvers, has resigned his office as one of the Bank Commissioners of this Commonwealth. We tbink it is high time. The Southwark Bank, Philadelphia, has declared a dividend of three per cent., to be paid 11th inst. The cashier of the Branch Bank at Terre Haute, Indiens, has proved to be a defaulter for some $2,000; previous to which discovery his standing was very high. The Chatter of the Bank of Wisconsin was adjudged forfeited at the late term of the District Court of Green Bay, on the ground of its suspension of specie payments and other malpractices. At Nashville the demand for Eastern Exchange wassupplied at 2a 24 per cent. premium. All Tennessee notes at par for Exchange without reference to the point of redemption. The number of Banks in Ohio now in operation is 21, with an aggregate capital of $5,876,794, and an aggregate circulation of only $1,774,585. The Bank circulation is reduced to but little more than $1 per head of the population. RETURNS FOR SEPTEMBER, 1842. Circulation N. & Bills Dls. Specie $11,823.00 $5,300.67 $22,400 05 Bank of Zanesville 165,760.00 49,047.40 170,401 69 Bank of Sandusky 17.710.00 139.165.19 9,997.91 Bank of Geauga 2,784.26 7,771,50 118,388.46 Bank of Muskingum 406,522 17 62,052 82 279,175 00 Bank of Wooster 32,930.00 53,424 59 875,072 00 Lafayette Bk. of Cin Olio Life Ins. & Trust 147,880 27 298,895 00 61,427 04 Company 947,271 38 20,890.00 122,211 11 Franklin Bk. of Cin Columbia Bank of New 90,007.32 16,750.95 19,139.00 Lisbon 217,394 00 35,117 40 170,786.00 Bank of Massillon 50,914 64 19,127 00 13,099.00 Dayton Bank 53,575.00 8,966.00 4,337.86 Bank of Mount Pleasant. 20,154.00 170,514 79 30,332.96 Western Reserve Bank Commercial Bank of 341,292.53 114,999.00 21,951 84 Seioto 189,129 21 23,655.00 44,071.68 Bank of Norwalk Farmers' & Mechanics 178,897 94 15,735.50 08,477 84 Back of Steubenville 210,165 50 438,856 71 58,865.21 Clinton BK of Columbus. 62,810.00 133,579 49 29,434 82 Bank oi Xenia 163,027.08 42,215.04 313,304 70 Bank el Circleville Frasklin Bank of Co110,617.84 68,882 5 152,102.61 luminas 1,774,535.84 Total 795,622.96 $5,291,181 65 Commercial Bank of Cincinnati not reported. It will be noticed that the Franklin Bank of Cincinnati has $122,000 in specie, and only $20,000 of circulation Within three months the Discounts have increased $284,362, specie and th circulation $547,594. The specie


Article from Indiana State Sentinel, November 22, 1842

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GENERAL SUMMARY That toast beef," which the coons promised the country, is said to be quite rare. Eight slaves broke out of a negra jail in Washington on Sunday last, and escaped. WAMASH AND ERIS CAVAL The Toledo papers inform us that this canal will be completed throughout the whole line in the course of the present month. The charter of the Bank of Wisconsin was adjudged forfeited at the late term of the District Court of Green Bay,Da the ground of its su-pension of specie payments and other malpractices. RUNAWAY SLAVES.-An atti mpt was made a few days ago, in Pittsburgh, to arrest some absconding slaves from Kentucky, but it was unsuccessful. The slaves, seven in number, were helped away by some of their white friends. The following article is from a Calais, (Me.) paper:TAKE Notics.-That T. Margaret Warnock. forbid the bonds of marriage to marry Ralph Scott and Hannah Siemit, as I have got a claim on him.' CORN STALK SUGAR The Paris Academy of Sciences have recommended the cultivation of the corn stalk in France, as prefetable to the beet root for the manufacture of sugar. A donkey in Charleston, S. C., got into a brewery lately, and got fuddled on beer. This ass can sympathise with his new Bedford brother who got into "the first br.lliant Clay levee of the season Boston Post. LIBERAL.-The Methodist Protestant Congregation in Charleston having become involved in debt, which threatened the sale of their house of worship, were promptly relieved of their embarrassed condition by liberal contributions from thirteen different religious sects of that city. Judge Story has been nominated for the Presidency, by some of the Ohio papers. In allusion to this, he publishes a card in the Boston Advertiser, stating that when he first took his seat upon the bench he resolved never to be of candidate for any office, and that he means to adhere to that resolution. SHAMEFUL.- females, living within a short distance of each other in Somerset, we learn. have within a few weeks become deranged, in consequence of the preachings of the Millerites, One is nce dead-one has been sent to the Insane Asylum at Worcester-and two remain with their friends. Fall River Argus. BRING OUT YOUR NEXT MAN -Clay has whipped himself running alone. Bring out your next man, Whiggies; you will have time to put several old nags through before we get on to the course. There is nothing like President racing, atid the Whigs keep the court e continually. The Democrats are content to use the course once in four years.-Plain - Dealer. RIOT.-A disgraceful riot occurred in Faneuil Hali; Boston, on Sunday evening, 5th inst. on the occasion of an Abolition meeting in reference to Lattimer, the slave. Several fights took place in the Hall, and the Speakers were generally hissed down by the mob. At one time it was contemplated to send for the Mayor to read the fist Act, and disperse the rioters. DISASTROUS FIRE.- The large Steam Flouring Mill of Mr. Mattin Very, on Silver Creck. about three miles from this city, was totally destroyed by fire, this morning at about 4 clock, together with the machinery and a large quantity of grain. We uid not learn how the fire originated New Albamy Dent. TALL TREES FROM LITTLE ACORNS GROW.-David Wedgwood, Esq. of Greenland, has gathered, this fall from one acre and {ths of land, the following great increase ; 274 bushels of potatoes, 863 bushels of corn, 19 bushels of apples, 8$ bushe's of beans, 6 bushels of green peas, 5 bushels of currants 4 bushels of red cherries, I bushe's of rateripes. Amounting, at the average market price, to one hundred and twenty silver dollars : Tel about Illinois and the Far West! it is all moonshine t New Hampshire Gazette DISCHARGED.-James Watson Webb, who was cot victed for leaving New York for the purpose of fighting , duel with Thomas Marshall some time ago, has been discharged, on account of a flaw in the indictment What a miserable farce this attempt at putting the last in force. The Recorder stated that neither counts charged that a challenge was received, therefore no crime was charged in the indictment, and that he could not le gally sentence him to pusishment. For her late engagement at the Bowery Theatre eighteen performances Madame Celeste received $5,500: which is a greater sum than was ever before paid to any 1 performer for like service in this country The London Hetaid recommends that the chamber fur niture used by Queen Victoria on her passage from Scot land, be carefully preserved, that they may not be euik ployed for any less dignified service. r The head of the Catholic Church caused the bells of his churches to be tolled during the funeral services , Dr. Channing. This is all instance of amenity of sec d tarianism, that merits gh commendation o It was laid down by Senator Evans during the debat e on the tariff, at the late session of Congress. as follows Articles of harry will not bear 20 high a duty is articles of necessity." What is the diff rence between the ancient Babyles S , t ans and the modern White Ans.-The former fell down before an image of e while the latter worship an image of Clay - Albany Argut. MR. VAN BUREN'S COUNTE in Columbia coun I ty. where Mr. Van Baren resides, the democratic T majority IS 913. in the year 1840, it only 188 to Mr. Van Buren's neighbors may weil tie deato a crats. e Up-Up.-Since the Waterloo defeat of the whice r. State stocks of New York have advanced 3 to 1 per it cent. A sign.-N. y. Herald. at LARD Oil.-We see notices of arrangements n. making for the manufacture of lard oil, at Indiana a polis, Lafayette and Fort Wayne. At the latter r place an extensive distillery is being converted int B. a lard oil manufactory.- Oracle a-


Article from New-York Daily Tribune, February 19, 1845

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COMMERCIAL AND MONEY MATTERS. (For Commercial and Money Matters, see Last Page. TUESDAY, P. M. There was a continuance of the better feeling of yesterday, at the stock board, and some descriptious improved materially. Canton went up to 54, Penn. 5s to 71. There was no change in foreign bills. The demand is small and prices are steady. Sterling is 91a 101. Francs 5.25 a 5.23f. There is more Cottou offering to-day for Liverpool, and some engagements have been made at 5-16d for square bales.There is, we believe, no transient ship on the berth. The fact that the Ondiaka, which ship sailed from Liverpool several days before the United States, the longest out of the missing packets, has been spoken within a few days off the Capes, has given a strong hope to all those interested in the safety of these over-due ships. The fact that the Roscius brought no news of the United States or England is not looked upon by those interested in the matter as of much importance, as if these ships were crippled in the great gale, it would be unlikely that they could reach Liverpool in time for the Ros. cius to bring news of their arrival. The owners of these ships have still entire confidence in their safety. The brother of one of the owners was in a ship, some years since, which was 48 days on soundings bound to this port. We omitted yesterday to give credit to Thompson's Bank Note Reporter for the evidence in relation to the Lehigh Co. Bank. The enterprising proprietor of that valuable financial journal obtained it at great expense by pigeon express. A final decision has been made in regard to the exploded Bank of Wisconsin. The charter of the bank is entirely forfeited, and Alexander I. Irwin, Esq. of Green Bay, has been appointed permanent receiver of the institution. We haue received the reports of the Banks of New Jersey just made to the Legislature. The aggregates of the leading items of 26 banks are as follows: $5,212,405 Loans and Discounts 1,988,041 Circulation 1,421,053 Deposits 515,852 Specie In the aggregate the Banks of New-Jersey appear to be in a sound condition. The Fitchburg Railroad is now nearly completed, and will probably be opened in two or three weeks. The remarks made in our Money article of yesterday respecting the affairs of the Lehigh County Bank. Pa. were such as, without explanation. would necessarily inflict an unmerited wrong, being entirely ex-parte, The result of the pending investigation, we have ample assurance, will prove those statements to be garbled and incorrect, and show that the capital stock was paid in conformably to the charter, and that the entire proceedings, far from being be-fogged, have been conducted strictly in accordance with the Act of Legislature by which the Bank was established. The Domestics exported from Boston during the week ending Feb. 15th. 1815, were63 To West Indies 170 Laguyra