162 
Hadden—Early Banking in Wisconsin. 
Year. 
No. 
banks. 
Capital. 
Loans. 
Deposit. 
Circulation 
Specie. 
1853... . ... 
750 
I 
$207,908,519 
$408,943,758 
$145,553,876 
$146,072,780 
$47,138,592 
1854.... 
1,208 
301,376,071 
557,397,779 
188,138,744 
204,689,207 
59,410,253 
1855... 
1,307 
332,177,288 
576,144,758 
190.400,342 
186,952,223 
53,944,546 
1856 .. 
1,398 
343,874,272 
634,183,280 
212,705,662 
195,747,950 
59,314,063 
1857. 
1,416 
370,831,686 
684,456,887 
230,351,352 
214,778,822 
58,349,838 
1858 ... 
1,422 
394,622,799 
583,165,242 
185,932,049 
155,208 344 
74,412,832 
1850. 
1,476 
401,976,242 
657,183,799 
259,568,278 
193,306,818 
104,537,818 
1860. 
1,562 
421,880,095 
691,945,580 
253,802,129 
207,102,477 
83,594,537 
1861... 
1,601 
429,592,713 
696,778,421 
257,229,562 
202,005,767 
87,674,507 
First Banks in Wisconsin. 
By an act of the legislative council of Michigan dated January 
23, 1835, a bank was incorporated at Green Bay, to be known 
as “the President, Directors, and Company of the bank of Wis¬ 
consin. ” 6 This was the first bank organized west of Lake Michi¬ 
gan. The charter was to run until 1858. Its main provisions 
were these: A capital of $100,000 divided into two thousand 
shares; total liabilities, including bond, bill, note, and contract 
not to exceed three times the capital actually paid in; loans and 
discounts to equal one-fourth the amount of its circulation, until 
the capital stock should reach $50,000, but such discounts not 
to exceed $50,000; its shareholders to be personally liable for 
the debts of the bank after all bank assets have been used in 
payment of its liabilities; if the bank at any time fail to redeem 
its notes on demand, it is to be dissolved. The bank of Wis¬ 
consin was organized and in operation on November 12, 1835, 
about a year before Wisconsin became a separate territory, which 
occurred in December, 1836. 
On December 2, 1836, another act was approved, incorporat¬ 
ing the Bank of Mineral Point. Some minor differences between 
the provisions of this charter and those of the bank of Wiscon¬ 
sin are to be noted: its capital was $200,000; 7 per cent, was 
legal interest and no notes were to be issued until $40,000 of the 
6 Green Bay Intelligencer, April 5,1834 
