Three banks in Janesville reported in the aggregate $200,000 capital, $422,000 due to depositors, and $425,000 of loans.

The evidence

• “In July, 1856, four banks in Janesville had a combined capital of $175,000, $522,000 in deposits and loans amounting to $373,000. July 6, 1857, three banks reported in the aggregate $200,000 capital, $422,000 "due to depositors on demand and others," and $425,000 of loans. July 5, 1858, there were two incorporated banks left, having a combined capital of $150,000, and reporting $115,000 due to depositors and to others, and $185,000 in loans. Such a shrinkage of deposits could only have been endured by banks doing business largely on their own cash capital. For eighteen years following the fateful year of 1857, there were but two commercial banks in Janesville.”

  1908-brown-rock-county/22-janesville-banking.md, Vol. 1, PDF p. 521 / book p. 483

  Brown, William Fiske, editor. Rock County, Wisconsin: A New History of Its Cities, Villages, Towns, Citizens and Varied Interests, from the Earliest Times, Up to Date. Chicago: C. F. Cooper & Co., 1908. 2 vols. archive.org/details/rockcountywiscon01brow, archive.org/details/rockcountywiscon02brow.

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