Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-05-09
STATE FUNDS TIEDUP
Closing of the bank on the EIposi-
tion Grounds.
SPANISH EMBASSY HIRE PROPOSED.
American Ladies Presented to
Queen Victoria.
WORLDS FAIR BANK CLOSED.


Un-asiness Felt by Some of the Depositors.
WORLDS FAIR GROUNDS. CHICAGO, May g.
Among the exhibits at the exposition today was
national bank under suspension. The ex-
hibit was not an attractive or pleasing one in
the eyes of the foreigners who had their money
on deposit. but the fears of not getting it bark
were unfounded
The worlds fair branch of the Chemical
National Bank Of Chicago. now in the hands Of
Uncle Sam, usually opened its doors on tie
second floor Of pavilion ID, administration
building, at 9 O'Clock The news that the bank
directors had decided to go into liquidation
was known 10 most Of the English speak
ing depositors long before the banking hour
arrived They had read in the morning papers
that annie securities had been turned over 70
the Equitable Trust Company to cover the
money on deposit at the exposition branch.
put they thought it would be a good idea
to drop into the bank this morning and
see If they could get little money to nav cur-
rent expenses. Among the earliest callers was
National and State Commissioner JobD n
thatcher OF New York. The state funds of the
world : fair expenses on deposit in the bank
were In his name. although he Is not treasurer.
Ihe Commissioner smiled ard said he wasn't
concerned about the safety of the state's money
intrusted to him, but lac intended 10 present e
check for S9.749. which was all New York had
on deposit just as a forrnality TO show thai be
had done his duty. When Mr.. Thatcher handed
the check to Paving Teller Jareus that gentle
man replied that the bank was not open.
no the commissioner waited for something to
tur- up.
II. II. Kern. .ons OF tha Kansas commissioners
who is also superintendent Of the state build
ing, was anxious about the SllOO of state
money, and he talked obviously about getting
II out quickly, If at all He presented a check
for s415, but did not get the cash He de-
posted 81, leo IA turlav and felt a little blua
The chances are IL the bank doesn't paw it's
said the commissioner. that I will have TO
make IL good. The kansas people are reculiar
that way. The fund Of S65.00O is nearly en-
hausted, and doubt if we shall have money
enough to pay all our bills if I do get this
Sl.l00.
TEE BANK CLOSED.
The doors of the Chemical National Bank In
this city did not open for business this morn
ing. This notice was posted on the door of the
bank:
The business of the Chemical National Bank
OF Chicago, is suspended aud am in possession
In the interest Of controller Of the currency.
JANE D. STURGIss,
National Bank Examiner
statement Of assets and liabilities Of the
bank viii probably be given out tins afternoon.
THE BRANCH CLOSED.
At e:25 came a telephone message from
Cashier Baden at the downtown Office OF the
suspended bank to close the doors Of the ex-
position branch. This was done and soon there
was line OF anxious, complain
ing depositors, some representing them
selves and others states or concerns They
wanted to get in close TO the paying tellers
window, but he talked to those who understood
tnghsh IN reassuring way and some went
away. The paving teller said he would have
paid the checks presented before the doors
we're closed, but he had not the combination TO
the vault
Treasurer Seaberger OF the exposition was
an esriy caller He said he had small ac-
count with the bank. but was confident every
depositor would be paid in full and quickly.
Ihe question Of a successor TO the Chemical
National Bank at the fair is one to be decided
by the directory at its next meeting.
The Uni ed States government national COM
mission, Missouri board and other states have
money in the bank. The Chemical National
Bank paid $4,000 for its privilege Of do
ing business in the worlds fair grounds.
and has always done a good business. The
troubles of the bank people will begin when the
foreigners from the midway plaisance villages,
who speak little or no English and have excit-
able natures. learn of the suspension The
bank has good deal of their money in large
and small accounts, and the depositors viii
want It back in hurry.
LARGE ATTENDANCE
After the first open night the attendance this
morning was large. considering the thousands
who came last night Their visit only whetted
their appetite for more and the weather. barring
the standing breeze from the lake. was Favorable
for another big dAy. Among the eariy visitors
were the Vermont officials and members Of the
Press Association of that state. who came to
take part in the dedication of the Vermont
building tomorrow. The party WAS: Gov Full
ler. Lieut.. Gov. Stsnhan, Secretary of State
Browneil, Congressman Grout, ex-Goys. Dill
hngham, Farnham and Pingree.