Arizona republican., 1906-08-07
A FINANCIAL TRAGEDY
 IN SUBURBAN CHICAGO
The Failure of Family Bank for a
 Million Dollars
When It Was Known That It Had Suspended One DepOsitOr's Heart Failed and Another Shot Him. self to Death.

Chicago, Aug. 6.-With a deficit in it's accounts of close to a million dollars and with the whereabouts of two of it's highest officials unknown to the au- thorities, the Milwaukee Avenue State bank. one of the largest outlying banks in the city, was closed today by State Bank Examiner c. c. Jones.
 The failure was responsible for the death of one Of the depOsitors and led to the suicide of another man who a month ago had placed the earnings of a lifetime in the institution for safe keeping. In the excitement following the announcement of the failure of J. c. Nisser, an official of the Royal league, who had on deposit in the bank the funds of that organization, fell dead of heart failure. Henry I<ocpeke. small grocer, on hearing that the bank had suspended payment went to the rear of his store and shot himself He died a few minutes later, while be- ing taken to a hospital
 Riotous scenes followed the an nouncement of the closure and large force of police struggled all day to keep an excited crowd of depositors-ncarly all of them foreigners and many of them women-from bursting in the doors of the institution.
 The fact that the bank was on the verge of failure was first revealed by President Paul $. StensIand, one of the absent officials A letter to his son, Theodore. who is ce-president. writ ten from St Paul and received last Saturday, started the investigation which brought about the suspension. A sensational feature of the affair was the disappearance of the cashier, Henry w. Herring, and the issuing of a war rant for his arrest on a charge of rm- bezzlement. A message ordering his apprehension was sent to every police station in the city.
 The first public announcement that the bank was in trouble was the post ing of a notice at the beginning of banking hours by Bank Examiner c. c. Jones, stating that business had been suspended for the purpose of making an examination of the banks affairs and that the institution was in the hands of the state auditor. The news spread rapidly throughout the entire northwest side of the city, where the bank has been for years q popular de- pository for funds saved by working people.
 Soon clamorous crowd gathered be- fore the doors and demanded admis- Sion. Anticipating trouble, score Of police were hurried to the scene. The people were permitted to file past the doors bearing the posted notice and were compelled to keep moving. Only those having keys to safety deposit vaults were allowed to enter. Many burst into tears when they found that their savings were endangered or lost. Visser, to whom the shock proved fatal was several blocks from the. bank. Hearing the rumors. he stepped into a drug store seeking particulars. He fell dead when assured that the bank had failed.
 An examination of the banks affairs was begun quietly last Saturday after the receipt of the letter from President Stensland. Acting upon instructions contained therein. Theodore Stenslaud opened a deposit box and discovered proofs that the banks funds were in bad shape. President of the American Trust and Savings banks. which acted as clearing agent for the defunct tn- stitution was called Into consultation. The state auditor was notified. and he immediately sent Bank Examiner Jones tp make a full investigation
 The shortage is estimated 10 be be- tween S750,O00 and s1,000, o0O Disas-