Independence State Bank (Chicago, IL)

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Fight In Adjacent Cafe Causes Run And Bank Failure

HICAGO. Jan. fight restaurant two doors from the institution two weeks ago was blamed closing Wednesday The Independence State Bank by state officials the had beAnswering to the restaurant, the police patrol parked in front the bank building which the Institution was in progress.

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FIGHT CLOSES BANK

CHICAGO, January 16 (AP)-A fight in a restaurant two doors from the institution two weeks ago was blamed for the closing yesterday of the Independence State Bank by State officials, who said the assets had become impaired because of heavy withdrawals. Answering the call to the restaurant, the police patrol parked in front of the bank building and gave rise to a rumor that a run on the institution was in progress.

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ARREST OF MAN CAUSE OF RUN ON CHICAGO BANK

(United Press) Jan. Because crowd gathered to watch policeman arrest disorderly front the Independence State bank, others jumped to the concluion something was wrong the bank and the run on the intitution close its doors, officials said today. Deposits dropped from 000 President Louis Bomash said. Bank aminers depositors probably would not lose anything.

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SHOOTING CAUSES CLOSING OF BANK

Patrol Wagon Next Door Starts Report of Run and Withdrawals Begin.

DISPATCH TO GLOBE DEMOCRAT. Independence State Bank. one of the largest banking institutions of Chicago's great West Side, was closed this afternoon by the Auditor after run state and bank officials by shooting at restaurant next door. A week or ten days ago a fight started in & lunchroom R. few doors from the bank. It ended in shooting and patrol soon pulled up in front of the bank Word swept through the neighborhood, inhabited almost exclusively by Jews, Poles and Italians, that there was run on the bank. This sent the small and ers hurry to the instit and since the shooting. was said. 600,000 has been withdrawn. The deposits totaled some $4,000,000 before the trouble. State Auditor Oscar Nelson said that examination of the bank showed there probably would be no loss to the depositors and it is hopeful reorganization can be effected. pledge humanitarian conduct in employment of naval weapons whether they be battleships, cruisers or submarines. France is not worrled over the question of parity with Italy and believes this can be by discussion of needs and figures rather than the principle of parity which Italy can have provided It is not directed at France alone.

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PATROL WAGON CAUSES RUN ON CHICAGO BANK

CHICAGO Jan crowd gathered to watch policearrest disorderly man in front of the Independence State bank, others jumped to the conclusion something was wrong at the bank and the on the institution caused to close its doors, officials said Thursday Deposits dropped from to 000,000, President Louis Boniash said Bank examiners announced depositors probably would not lose anything

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RUN ON BANK STARTED BY FIGHT

CHICAGO. Jan. 16-A fight restaurant two doors from the institution two weeks ago was blamed for the closing of the Inpendence State bank by state ficials who said the assets had impaired because heavy withdrawals. Answering the call the rastaurant the police patrol parked front of the bank building which to rumor that run on the institution was progress. More than deposits has withdrawn since that, bank officials said.

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FIGHT IN RESTAURANT CAUSES RUN ON BANK

Chicago, Jan. 16 (P)-A fight in a restaurant two doors from the institution two weeks ago was blamed for the closing today of the Independence State Bank by state officials. who said the assets had become impaired because of heavy withdrawals. Answering the call to the "restaurant the police patrol parked in front the bank building which gave rise to rumor that run on the institution was in progress. More than $1,600,000 in deposits has been withdrawn since that. bank officials said. State Auditor Nelson said that preliminary examination of the bank showed there probably would not be any loss to depositors.

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Crowd Gathers Near Bank; Starts a Run

Bank Forced to Close Doors as Depositors Draw Money; Crowd Was Watching Arrest.

Chicago -(U.P.)- Because a crowd gathered to watch a policeman arrest a disorderly man in front of the Independence State bank, others jumped to the conclusion something was wrong at the bank and a. run on the institution caused it to close its doors, officials said today. Deposits dropped from $5,600,000 to $4,000,000, President Louis Bomash said. Bank examiners announced depositors probably would not lose anything.

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Blame Cafe Fight For Run on Bank And Its Closing

By The Associated Press. Chicago, Jan. 17.-A fight in restaurant two doors from the insti tution two weeks ago was blamed for the closing today of the Independence State Bank by state officials who said the assets had become impaired because of heavy withdrawals. Answering the call to the restaurant, the police patrol parked in front of the bank building, which gave rise to rumor that a run on the institution was in progress. More than $1,600,000 in deposits had been withdrawn since that, bank officials said. State Auditor Oscar Nelson said that a preliminary examination of the bank showed there probably would not be any loss to depositors.

Scituate, R. I.-The town poorhouse has no further reason for existence. The last inmate, Miss Ellen Pierce, the only one for several years, has died.