The Argus. (Rock Island, Ill.) 1885-1886, 1886-06-08
TWO IN ONE.
Bank Consolidation.
Rum0rs Concerning the First National
ard Rock Island NatiOnal,-Other
Business Changes.
BANK CONSULTATIONS

Rumors were rife upon the streets last
night of consolidation involving the
Rock Island National and First National
banks. The rumor caused something OF
u sensation in business and financial cir
Giles, and the matter soon became topic
of general talk. This morning an ARGUS
reporter called upon President Robinson
Of the Rock Island National bank and
venturing 10 ask that gentl eman if there
was any truth on tho rumors, was met
with the reply:
ut seems that we must go away from
home to learn the news. These rumors
have not reached my ears yet. there
fore have not had opportunity to give
them consideration.
The reporter then asked the captain If
there was foundation for such rumors,
but he was non-committal He had
heard nothing Of the rumors, but further
THAI that, he was adverse to expressing
an opinion. The scribe then went across
the street to the First National bank, in
the parlorI of which President p. l..
Mitchell, was seen.
\"We have nothing for the newspapers
yet"-he said. These rumors, you talk
about are all premature. There is moth.
ing for the public today, but we may
have something for you later on"
Finding that Mr. Mitchell, like Cap
tain Robinson, objected to an interview
the press representative withdrew. The
probabilities are though, that July first,
will see these two banks consolidated
under the head of the Rock Island Ma.
tional bank, IN the quarters at present
occupied by that concern. From what can
be ascertained from disconnected reports,
which the ARGUS has had difficulty in
tracing the papers will be drawn this week
for the consolidation which is to take eff
feet July l. The banks will after that
date transact business under one head and
one force of men is to be dispensed with
Mr.. ]. F. Robinson, according to tine ru-
mors, is TO retire from the Rock Island
National bank for the purpose of engag-
ing in other business north, and Mr.. Geo
NJ. Loosely. at present cashier in the
First National bank, is TO succeed him .
The consolidation will be an important
change in the business affairs of Rock
Island, though it is not probable that il
will have an unusual effect.
INSURANCE BUSINESS CHANGE.
A few days ago the prospective change
of an insurance firm in Rock Island was
announced in the ARGUS. Such change
has already been consummated, though il
has not yet been given to the public in
detail The firm of Hayes & Cleaveland
has been dissolved, Mr.. Ed. Loosely hav,
ing become member in Mr.. Cleave-
lands place, and will resign his position
as cashier in Mitchell & Lynde's bank thu
first of the month. He has severed bis
connection with the insurance firm of Blu
ford & Loosely Bros. which will hereafter
be known as Buford & Loosely, and
his place in the bank, it is understood
will be taken by Mr.. Fay Lynde. The new
inc ttry mill ha r
& Co., and Mr.. cleveland, the retiring
partner, will head new corporation
soon to be established here. The com
panies will all continue to be conducted
by men of experience and ability, ant
while we wish continuation of pros
perity to the old reliable corporations
we welcome the new enterprise, and wisl
1t abundant success
LAW OFFICE REMOVED.
The law firm of Guyer & Sweeney ha
rented the Office vacated by the dissolu
ton of Parks & Peasants, and the com
modious quarters over Wits drug stor,
are being put in readiness for the new
tenants. Paper hanging is being done
the floors are 10 be carpeted. and, whel
finished, will make one of the finest suit,
OF law offices in town. Captain
j. j. Parks retains desk room at his ole
quarters, and will remain there until hi
departure for his new home in Wichita