Steps were taken to test the right of a financial corporation to carry on its operations under Governor Farwell's administration, but the proceedings were not pressed.

The evidence

• “For many years this institution furnished the main banking facilities for the business men of the territory and young state, in the way of discounts and exchange?. Its right to carry on the operations it was engaged in, under its somewhat dubious and inconsistent charter, was often questioned, and, in 1852, under the administration of Governor Farwell, some steps were taken to test the matter ; but as the general banking law had then been passed by the legislature, and was about to be submitted to the people, and as it was understood that the comi any 'vould organize as a bank under the law, if approved, the legal proceedings were not pressed. While this corporation played so important a part in the financial history and commercial development of Wisconsin, the writer is not aware of any available statistics as to the amount of business transacted by it before it became merged in the "Wisconsin Marine and Fire Insurance Company's Bank."”

  1879-history-of-rock-county/04-wisconsin-railroads-commerce-health-statistics.md, PDF p. 188 / book p. 192

  Butterfield, C. W., et al. The History of Rock County, Wisconsin: its early settlement, growth, development, resources, etc. Chicago: Western Historical Company, 1879. Cornell University Library via the Internet Archive, archive.org/details/cu31924028871585.

  Grade A: Found on a page of one of our sources