Wisconsin Bank (Mineral Point, WI)

Episode Information

Episode UID
9518120890677
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
951812089 hash
Start Date
May 15, 1856
Location
Mineral Point, Wisconsin (42.860, -90.183)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e9a8055ba73abee

Response Measures

None

Description

Articles indicate the Mineral Point bank was discontinued and later 'winding up' with securities assigned for redemption; exact legal closure/receiver details could use more sources.

Events (3)

1. May 15, 1856 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank discontinued amid local refusal to accept bank paper and distrust of bank notes; bank stopped operations.
Newspaper Excerpt
There is no bank now in operation in Wisconsin, west of Madison. The Wiscon sin Bank, of Washburn and Woodman, at Mineral Point has been discontinued.
Source
newspapers
2. August 12, 1859 Other
Newspaper Excerpt
According to the report of the Bank Comptroller, SQUIRES, the following Banks are now winding up in Wisconsin: ... Wisconsin Bank, Mineral Point. For the redemption of the outstanding circulation of these Banks, securities have been assigned in trust to the State Treasurer, amounting in the aggregate to $870,760.
Source
newspapers
3. August 12, 1859 Receivership
Newspaper Excerpt
For the redemption of the outstanding circulation of these Banks, securities have been assigned in trust to the State Treasurer, amounting in the aggregate to $870,760.
Source
newspapers

Newspaper Articles (3)

Article from Washington Sentinel, May 15, 1856

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Article Text

LATHERINGS FROM OUR EXCHANGES American Talent in Brazil. C.F. Garnett, of Virginia, has been offered the appointment of Chief Engineer of the Don Pedro II Railroad in Brazil. He is well known in Virginia, North Carolina, and Georgia, from having filled similar important positions on railroads in those States. American Apples in India.-T. cutta of 20th February, says: who relish tropical fruit, 'Those Englishman, fresh will be and pleased very to learn that a consignment of fine American apples has just arrived at the ice-house, where they may now be had nearly as cold as the ice itself." Sale of Racers.-The celebrated race horses Lecompte and Poison have been bought by Mr. Ten Brooch, of New Orleans, for the snug sum of $12,400. Double Track.-The committee of construction and repairs of the Baltimore and Ohio Railroad Company have determined to recommend to the board of directors of that company the construction of thirty miles of double track in addition to that before resolved upon and in progress. From Deseret.-The Deseret News, of 27, publishes a February proclamation military forces from Gov. Young, calling upon the of to hold themselves in readi to march to any point, as ness the Territory ordered directed by bring the Lieutenant General, who is to such forces into immediate service as shall be necessary to suppress the existing Indian hostilities. Accounts from all parts of New Jersey agree in stating that the prospects of a large yield of peaches were never better than at present. Hiapatha.-The local of the Albany Statesman has taken some little pains to ascertain the number of persons now engaged in reading Hiawatha before the public. His list foots up thirty-six. Crop Prospects-Wheat.--In Illinois the winter wheat is reported as looking remarkably fine, and farmers are now busy in putting in the biggest crop of spring wheat ever planted in that State. In old times, the bills of lading commenced as follows: Shipped, by of Dr. the Franklin grace God, in good condition," &e. used to print and sell bills of lading, and some pious persons objecting to the usual heading, he advertised that he sold bills of lading "with or without the grace of God." A hunter found a woman in the woods, unable to walk, and in a starving condition, not long ago, at Stephen's Potnt, Wis. She He of fered him twelve dollars to shoot her. placed her upon his shoulder and conveyed her home. Eighty thousand dollars have been subscribed in Charleston towards building a new steamer to run between that port and New York, in connection with the line already in operation. Capital of Iowa.-The Commissioners appointed to select a site for the future capital hill of Iowa, have selected a site, "a beautiful It on the east side of the Des Moines river." is "within two miles radius of the junction of the Raccoon and Des Moines rivers." It is near Fort Des Moines. There has been a donation to the State of two hundred and sixty thousand dollars in lots and land to secure the present location. Honor Dearer than Life.-An American officer, during the war of Independence, was ordered to a station of extreme peril, when several round him suggested various expedients by which he might evade the dangerous post assigned him. He made them the following heroic reply thank you, my friends for your solicitude, will I know I can easily save my life, but who save my honor if I adopt your advice?" The Parris correspondent of the New York Excress is of opionion that the French emigration to America this year will be im mense. The provincial French are a sober and industrious people. There is not a bank now in operation in Wisconsin, west of Madison. The Wiscon sin Bank, of Washburn and Woodman, at Mineral Point has been discontinued. The Grant county Herald accounts for this-as follows: The people west of Madison have never to take bank paper, many been them accustomed and of would not take it at fifty cents on the dollar not a miner will have anything to do with paper. There is no real difference between an incorpoated hen's nest, and a chartered bank, time will bankrupt both." Crops in Canada.- The Toronto Globe says the heavy rain which fell last week has been of extreme benefit to the growing crops, and the country presents a cheerful appearance. The young wheat for many years has not been known to look better. Potato planting has commenced, and all looks well and favorable at present for a bountiful harvest. Important to Pacific Correspondents. The Union states Postmaster-GeneralCamp bell has the plan of the of to whom letters names adopted persons publishing have the been sent to post offices in California and territories of Oregon and Washington. By this aystem a letter can be sent to any post office in the Pacific for any person whose location is ut-


Article from The Weekly Pioneer and Democrat, August 12, 1859

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Article Text

According to the report of the Bank Comptroller, SQUIRES, the following Banks care now winding up in Wisconsin : Badger Stat Bank, Janesville ; Bank of the City of La Crosse ; Farmer's Bank, Hudson ; Germania Bank, Milwaukee: Globe Bank Milwankee ; Janesville City Bank, Janes. ville; Kanakee Bank, Black River Falls; Marathon County Bank, Eagle River ; Merchants' Bank, Milwaukee ; Northern Wisconsin, Aurora ; Oshkosh City Bank, Oshkosh : People's Bank, Milwaukee ; Pro. ducer's Bank, Janesville : State Security Bank. Gemekon; Union Bank, Milwaukee Wiscomsin Bank, Mineral Point. For the redemption of the outstanding circulation of these Banks, securities have been assigned in trust, to the State Treasurer, amounting in the aggregate to $870,760. The Chicago Press and Tribune, of a late date has the following article upon the future aspects of-business affairs We stated in a paragraph, the other day. that the imports at New York. from January 1st to July 31st, 1859, were $156,450,000. In the same time, the exports, including $43,248,000 in specie, were $80,409,000. The diffierence between the sums is the amount-$76,041,000-that the country has run in debt since the beginning of the year. This will absorb three-fourths of the cotton now growing, and if the same course of trade is continned until January 1860, all the cotton and all the current receipts of Califor nia gold will disappear in the yortex which these enormous importations of gimeracks and gewgaws have created, leaving our merchants heels-overhead in debt and unable to pay, even though they drain the banks of bullion and coin, and inaugurate a new panic, in trying. It has been hoped that importations would fall off as soon as the season advanced, and that some: thing would be done toward the restoration of a commercial equilibrium: but the tide is swelling in force and volume. instead of decreasing. See what was done in July: .. -- ----


Article from The Lansing State Republican, August 23, 1859

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Article Text

WISCONSIN BANKS WINDING UP.β€”According to the report of Bank Comptroller Squires, the following banks are now winding up in this State: Badger State Bank, Janesville; Bank of the City of La Crosse; Farmers' Bank, Hudson; Germania Bank, Milwaukee; Globe Bank, Milwaukee; Janesville City Bank; Kankakee Bank, Black River Falls; Marathon County Bank, Eagle River; Merchants' Bank, Milwaukee; Northern Wisconsin, Aurora; Oshkosh City Bank; Peoples' Bank, Milwaukee; Producers' Bank, Janesville; State Security Bank, Gemekon; Union Bank, Milwaukee; Wisconsin Bank, Mineral Point. For the redemption of the outstanding circulation of these banks, securities have been assigned in trust to the State Treasurer, amounting in the aggregate to $870,760.β€”Milwaukee Sentinel.