OF THE

13

Commissioner of Banking

OF

State and Mutual Savings Banks

OF WISCONSIN.

Compilation Showing the Condition of all Banks in the State

at the Close of Business on November 17, 1903.

STATE BANKING DEPARTMENT.

MARCUS C. BERGH, Commissioner of Banking...

Viroqua

W. H. RICHARDS, Deputy Commissioner of Banking..Black River Falls

CONTENTS.

Introductory

State Banking Department

Closed Banks

Legislation

Statistical Table, Comparative

Statistical Table, compiled from returns for 1903..

Statistical Table, including national banks...

Abstract of reports of State Banks ...

Abstract of reports of Mutual Savings Banks..

Statements of banks alphabetically arranged by cities and vil

lages:

State Banks

Mutual Savings Banks

National Banks

Appendix:

PAGE

1

10

11

14

8

7

9

19

376

.20 to 375

.377 to 378

.379 to 440

Statistical Table, Comparative, compiled from annual returns

since 1895.

State Banking Department,

STATE OF WISCONSIN.

DECEMBER 31st, 1903.

HON. ROBERT M. LA FOLLETTE,

Governor of Wisconsin.

SIR-In compliance with Chapter 234, Laws of 1903, I have the honor to submit herewith the ninth annual report of the State Banking Department of Wisconsin, showing the condition of. the banks under its supervision at the close of business, November 17th, 1903.

The legislature of 1903 enacted a law "for the creation of banks and for the regulation and supervision of the banking business,” which was approved and became operative, after publication, May 15th, 1903.

One important provision of this law prohibits the use of the name "bank" by other than banking corporations duly organized under the banking laws of this state and authorized by charter from the commissioner of banking to engage in the banking business. As a result of this provision, so-called "private banks" have effectually been abolished in this state.

There were in existence in Wisconsin 148 private banks on March 14th, 1903, the date of the last report called for from them previous to the passage of the new law. Of this number, 137 have become incorporated since and were chartered as state banks. One was closed by this department and placed in the hands of a receiver, while ten of the private banks either elected