180 
Hadden—Early Banking in Wisconsin. 
Condition of Wisconsin Banks From 1852 to Suspension of 
Specie Payments, April 17, 1861. 
On January 31, 1854, the securities deposited with the State 
Treasurer amounted to $608,000 distributed among the several 
states as follows: 
Wisconsin 8’s......... $40,000 
Wisconsin 7’s.. ........... 50,000 
Georgia 6’s........ 27,000 
Missouri 6’s ..... ........ 158,000 
Tennessee 6’s... ......... 62,000 
Virginia 6’s..... ........ 204,000 
Kentucky 6’s...... .. .. 67,000 
Total, 
$608,000 
In just a year the securities had increased to $1,033,000, the 
stocks of the Southern states being largely increased; they were 
divided as follows on January 1, 1855: 
Virginia 6’s. 
Missouri 6’s...._ 
Tennessee 6’s. 
North Carolina 6’s, 
Kentucky 6’s.. 
Louisiana 6’s. 
Michigan 6’s_ 
Wisconsin 7’s...... 
Wisconsin 8's.... . 
Georgia 6’s...._ 
Georgia 7’s... 
$279,000 
230,000 
175,000 
83,000 
62,000 
36,000 
18,000 
50,000 
40,000 
42,000 
20,000 
Total 
$1,033,000 
There was only one failure in 1855. The bill holders of the 
Oshkosh City Bank, however, were amply secured. Its circula¬ 
tion was $49,900; its securities at their market value in New 
York were worth $46,000, which, with the interest, $1,500, in 
the comptroller’s hands, made $47,500. This deficiency of 5 per 
cent, was more than made up by bonds of $12,500 deposited by 
directors and stockholders. 
The Governor commenting upon the condition of the banks 
in Wisconsin for 1855, says: 31 “It is a gratifying fact * * * 
that thus far (two years) the practical workings of our banking 
system gives evidence of its superiorty over all those adopted by 
31 Gov. Mess, and Accom. Docs., 1885, p. 12 et seq. 
