The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1893-05-13
A DISASTROUS BANK FAILURE
The Collapse Of the Columbia National
Of Chicago.
OTHER INSTITUTIONS AFFECTED
Expected that Depositors VIII Lose
But Llttle-straightenidg Out the
Affair.
Associated Press.

Associated Press.
Madison, Wis, May 12.-The bank Of
Oregon, established about year ago
by Dwiggin, Starbuck & Co., of Chi
cago, made an assignment today. The
closing of the bank is due to the col
lapse Of the Columbian National bank
Of Chicago. The assets are figured at
5000; liabilities 100000 of which
$4,000 is due the depositors, who are
nearly all business men in the village
of Oregon.
st Louis, May 12.-The Ottawa coun-
| ty bank at Gilmore closed its doors to-
day, as a result of the failure of the
Columbian National bank of Chicago.
The outlook is that depositers will be
paid in full. ~
Casey, Ills. May 12.-The Columbia
National Bank are the principal stock
holders in the Farmers and Mer-
chants Bank of this city, and 1t made
an assignment today. The assets will
probably be $4,000; the liabilities, may
reach $4,000 or over.
Rockford, Mich, May 1.-THE pri-
vate banking institution of Paris and
Nave closed it's doors this morning.
The bank was affected by the failure
of the Indianapolis Bank.
Kalamazoo, Mich, May 12.-The
United Bank of Richland Of this coun-
ty did not open its doors today, owing
to it's connection with the Columbian
National Bank of Chicago.
Lafayette Ind, May 1.-THE Com
mercial Bank at Crookston, fifteen
miles north of this city has closed its
doors. The deposits amount $4,000.
The officers say it will pay in fun and
resume business as soon as its affairs
can be Strengthened out.
Charlevaix, Mich, May 1.-THE
Bank of Charlevaix closed its doors
this morning and placed its affairs in
the hands of an assignee. The depos-
its probably do not exceed $4,000, and |
it is believed every creditor will be |
paid in full
Kokomo, Ind, May 12-The Com
republican meeting at Louisville knew
the Farmers Bank at Greentown
failed this morning for 100000. The |
failure Of the Columbia Bank of Chi |
cago is responsible for the collapse.
Ottawa, Ills, May 12.-Richard J
Hornick, banker, merchant and specu-
lator of Grand Ridge, has failed owing |
to run on the bank caused by q finan- |
cial ENHANCEMENT with his brother, |
John Hornick, of Sioux City.
Minneapolis, May 12.-The Bank of |
Greenwood, Ind, closed its doors on
account of the failure of the Columbia
Bank of Chicago. No statement has
been made.
Edwardsburg, Mich, May 12. The
Citizens Bank displayed a notice on
its doors this morning as follows: "Out
of town on business; back at noon"
d. Virgins, Starbuck & Co., of the |
Columbia National Bank of Chicago, |
nelu u laTBe snare Oh StOck III tne Cltl-
zens' Bank. The citizens Of this place |
are interested to the extent Of $4,000. |
and school funds are also
tied up. The manager Of the local bank
at Lawton, Mich, has left town and
the bank is closed. The liabilities are
small.
Indianapolis, May 12.-The CONNER
cial bank of Brookston has closed. mol
is made as to assets or LA
oilities. 1t was controlled by the Col
lmtda bank Of Chicago.
Cincinnati, Ohio, May 12.-The pri-
yate bank Of d. Virgins. Starbuck &
20. at Williamsburg, Ohio, closed It's
ioors this morning on orders from
the president of the Columbia
oank Of Chicago. 1t was a branch
,ank. The assets are $4,000; liabilities.
100000 An expert accountant employed
It the bank yesterday came here early
his morning. He was arrested, charged
With embezzlement.