Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1897-06-17
EXAMINER KIDD'S FOURTH SEMI
ANNUAL REPORT.
BIG INCREASE IN DEPOSITS
Since December There Has Also Been
a Healthy Growth in Loans De-
positors May Get no Dividend From
superior State Trust 4 Saving Bank
and Eau Claire Commercial

Bank Examiner f. |. Kidd sub
mitted his fourth semi-annual report
to the governor Monday. He says that
the whole number of institutions under
his charge is 2S6, divided as follows:
State banks, 1870; private banks, 1917;
savings bank, /; building aud loan as
sociations As, The aggregate au-
tholized capital of the state banks is
6,55S, roo, and the reported capitali-
cation of private banks, SLIPS, 1866.
The total assets of ell the banks was
S4& 062, 1864, of which sll,0S4, POS 80
represents moneys of all kinds, and
The examiner says THE work OF max.
ing the regular annual examinations Of
these institutions is In progress Mt the pres
ent time and will be completed before July
next, the close of the year, The new
banks organized with name, location aud
capitalization are as follows:
state Banks Meinhnrdt bank, Burllng-
ton. S25, 900; Farmers State bank, Darien,
S25, 600; Bank of Hudson, Hudson, SIS, 600 T;
Commercial state bank, Medford, $4,000
Private Banks Merchants Il Savings
Bank, kenosha. no capital; Victor +, Hunt
ticker, Neilsville, $40 600
"'rhe capital stock Of the following banks
vas, upon application of the stockholders,
lows: Citizens bank, Whitewater, from
$4,000 to $4,000; German American bank
Oshkosh, from $4,000 TO 100000
"rhe following banks have gone out OF
business Exchange bank, Alma Center;
Exchange bank, lliNtou.
"rhe total number OF banks which have
suspended since the last report is -four, as
follows Bank of superior Superior; Bank
Trust x savings bank, West West Superior:
Commercial bank, Eau Claire. The nggrC-
gate assets and liabilities of these inStitu-
lions at the time OF failure was Sil6, 100 with
an aggregate amount due dcpuStturS of
S2N2, OBS Is. | am informed by the receivers
of the two first named banks that while
the process of closing up the business Will
be slew there Is reasonable certainty OF
the depositors being paid In full An eN'
animation of the State Trust 4 Savings bank
OF West superior made by myself on the 5th
of February, showed that its capital was
Impaired to nm extent which seriously jeop.
ardized the interests Of dcpositors | there
fore gave the notice required by law TO the
officers In charge, to make good such i'm.
pairment ON Feb. "A 1t went into the
hands OF receiver
THE Commercial bank Of Eau Claire sus-
pended during the panic of 1888. but was
reorEanlzed by the depositors taking stock
positS. The continued depression In bus
mess and financial circles, together with
unbusncss-ikc management, causel It to
close It's doors on January ! last
From Information received through the
courtesy of the officials In charge, / infer
that from the nature Of the assets the pay
ment of any considerable sum az dividends
to depoSitors OF the two last nnmcd banks
Is contingent upon n marked Improvement
In business conditions ana an appreciation
In real estate values
Under the provisions OF chapter $685.
laws or 1877, the supervision of all building
ana loan associations doing business In this
state devolVes upon the bank examiner Up
TO the present time As OF these Institutions
have filed copies Of their articles Of incor-
poration and bylaws In my Office and In
due time regular EXAMINATIONS and reports
ms 10 their condition viii be made as re-
qured by the act above named "