The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1893-06-16
UNION G. H., SOUTH CAROLINA, FRIDAY. JUNE 1s 1898.
MORE FAILURES.
The City of Chicago Seems to be in
Panic.
Eanks Fail in Illinois, Ohio, New York
and Elsewhere.

CHICAGO, ILL.-Thc State Bank of
Commerce, having its Offices on the
ground floor Of the Woman's Christian
Temperance Temple, experienced a heavy
run Monday after ooa. 1t started just
before noon with the appearance of some
thirty or fort depositors. The news
spread like wildiirc and within half an
hour the lobby was filed with an excited
crowd Of men md woman, who lore and
crushed in order to get within tho glass
doors.
The bank officers did not seem to be in
the least alarmed The officers and di-
rectors Of the bahk arc all wealthy Ger
mans. Herman Fclsenthal is president
and Jacob Grass. vice president. 1t has
n capital of, $500,000. It's last report,
made to the state auditor, May 10th,
showed deposits Of 81, 200, 600.
A run was also started on the Dime
Savings Bank. Pres ident Baily, of the
bank, says he has dollar and Il half for
every dollar deposited, but the gre lter
part of the money is tied up in securities.
He docs not know how long the bank
can stand the ruu, but expects 10 pull
through.
There was run on the Hibcrnan
Bank, one of the largest swing institu-
tions in the cGuntry. The dcpositors
were paid off at the rate of three a min
ute. Its deposits amounted to $3, 500, 600
and the officers of the bank believe they
can stand the run.
A run on the Prairie State Savings
Bank, which started Saturday, was re-
sumcd. The oiliccIs are confident, how
ever, that they have ample means avail
able TO meet all demands from the de-.
positors.
TWO CHiClGo FAILURES.
The property Of G. A. Weizenbach, II
clothing and shoe merchant with several
stores was seized by the sheriff upon
judgments confessed The liabilities are
$72, 600, nearly all for borrowed money;
the assests $50, 900. The failure is said
to have been precipitated by the assign
ment of Banker Herman Schaifner, who
is nystcrious'y missing.
Z. A. Armstrong tS Co., dealers in
uniforms, made an assignment. The as.
sets ore stated to bo $275, 900; liabilities
500, 900.
PRIVATE BANK FAILURE.
The private bank owned by Meadow
croft Bros, at 100 Dearborn street also
failed. A notice was attached to the
closed doors of the bank bearing this in
scription: "This bank is in the hands of
Lyman E. Crandall, receiver, by order of
the Superior Court"
CANAL. STREET BANK, NEW YouK.
NEW York. Shoe and Leather
National Bank gives notice that it will
not clear for the Canal Street Bank after
to morrow, This will make it necessary
for the Canal Street Bank to 90 into
liquidation. Its deposits are about
$3.50, 1000
SANDUsKY BANK GOES UP.
SANDUsKY, O.-Thc doors of the San
+dusky Savings Bank, which closed Sat.
urday night upon what was generally
supposed to be one of the soundest and
safest institutions of the city, were not
opened Monday, but displayed the fol-
lowing announcement: lowing to in
ability to realize upon assests at this time,
this bank has been compelled to assign.
All creditors will be paid in full"
A KANSAS CITY HOUSE sTICKEN.
KANSAS CITY, Mo.-The Kansas Grain
Company, which claims to be the great
est buyer Of grain from producers in the
world, has failed.
WASHINGTON, ID. C.-Dividends have
been declared in favor Of the creditors of
insolvent national banks as follows :.
First National bank of Palatka, Fla,
second dividend, 10 per cent, making in
all As per cent. on claims provea amount
ing to $274, 303; First National Bank of
Wilmington N. c.. third dividend, 10
per cent making in all 40 per cent. on
claims proved, amounting to $53O,4S3.
AN INDIANA BANK YIELDS.
BEDFORD, IND.-The Bedford Bank
has suspend ded.
SMALL NEBRASKA BANK.
BEATRICE, NEB.-The State Bank at
Cortland, this county has closed. 1t was
small institution.