Compilation Showing the Condition of all Banks in the State

at the Close of Business on November 17, 1903.

MADISON, WIS.
DEMOCRAT PRINTING COMPANY, STATE PRINTER.

STATE BANKING DEPARTMENT.

MARCUS C. BERGH, Cominissioner of Banking.

Viroqua W. H. RICHARDS, Deputy Commissioner of Banking.. Black River Falls ALBERT E. KUOLT, Examiner.

. Milwaukee

THADDEUS VILD Examiner

Milwaukee

.Spring Green

CHARLES L. BROWN, Chief Clerk....
Miss IDA J. DAVIDSON, Clerk and Stenographer.

. Soldiers Grove

CONTENTS.

PAGE

Introductory

1 State Banking Department

10 Closed Banks

11 Legislation

14 Statistical lawle, Comparative

8 Statistical Table, compiled from returns for 1903.

7 Statistical Table, including national banks.

9 Abstract of reports of State Banks

19 Abstract of reports of Mutual Savings Banks.

376 Statements of banks alphabetically arranged by cities and vil

lages: State Banks

..20 to 375 Mutual Savings Banks

377 to 378 National Banks

379 to 440

Appendix:

Statistical Table, Comparative, compıled 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 busi

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

ness.