The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1893-06-16

MORE FAILURES.
The City Of Chicago Seems to be in
q Panic.
Ianks Fail in Illinois, Ohio, New York
and Elsewhere.

ana Elsewhere.
CHICAGO, ILL.-Thc State Bank OF
Commerce, having its offices on the
ground floor of the Woman's Christian
Temperance Temple, experienced heavy
run Monday after r-oon. 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 tore and
crushed in nr.!;I ~ yet within the glass
doors.
The bank officers did not seem to be In
the least alarmed The officers and di-
rectors Of the back arc all wealthy Ger
mans. Herman Felsenthal is president
and jacob Grass. vice president. II has
n capital Of 100000. It's last report,
made to tho State auditor, May 10th,
showed deposits of 81, 200, 900.
A run was also started on the Dime
Savings Bank. President Baily, of the
bank, says he has dollar and n half for
every dollar deposited, but the gre,ter
part of the money is tied up in securities.
He does not know how long the bank
can stand the run, but expects 10 pull
through.
There was a run on the Hibernian
Bank, one Of the largest saving iustitu-
tions in the country. The depositors
were paid off at the rate of three min
ute. Its deposits amounted to 81, 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 Officers are confident, how
ever, that they have ample means avail
able to meet all demands from the de-.
positors.
TWO CHICl GO FAILURES.
The property Of G. A. Weizenbach, h
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 Schaffner, who
is nysterious'y missing.
e. A. Armstrong s. Co., dealers in
uniforms, made an assignment. The as.
sets are stated to be $275, 900; liabilities
800, 600.
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.-The 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 60 into
liquidation. Its deposits are about
$3.50, 900.
| A sANDUsKY BANK GOES UP.
| SANDUsKY, O.-The doors of the San
tdusky 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: "Owing to in-
ability to realize upon assests at this time,
this bank has been compelled to assign.
All creditors will be paid in full"
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
insolvcnt national banks N follows
First National bank of Paatka, Fla,
second dividend, 10 per cent, making in
all As per cent. on claims proved amount
ing to $274, 3O3; First National Bank of
Wilmington N. c.. third dividend, 10
per cent, making in all 40 per cent. on
claims proved, amounting to $3.50, .iS5.
AN INDIANA BANK YIELDS.
BEDFORD, IND.-The Bedford Bank
has suspended.
A SMALL NEBRASKA BANK.
BEATRICE, NEB.-The State Bank at
Cortland, this county has closed. 1t was
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