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BANK WILL PAY OFF DEPOSITORS, QUIT BUSINESS Midway State Acts When Deposits Drop. Another Chicago bank has decided off its in full pay It State bank, 6236 Cottage Grove nue, Percy Wagner vice president charge. The reasons for liquidating the bank are explained letter sent out to depositors yes terday afternoon. bank run out letter not to allow PERCY them invested there is no possible chance to provide fair return for their time ago the bank dollars. On that the bank to less one hundred and fifty sum twice amount is by the of the bank. make on this Ask Depositors to Take Money. The bank's board of directors has decided bring an end this stead of come in few time and withdraw por tions of their balances, thereby sitating the sacrificing of sound curities in order to provide the cash to board of agreed to liquidate deposits in their entirety. State therefore pay all of its the full amount of their cash. that you come in promptly and accept the full amount you have deposit this institution. those have remained and 3,000 others sincere appreciation for the loyalty, confidence, and pat. the years that have followed the of The of the still believe that there exists for an institution of this hood care of the needs of our loyal friends. Urge Faith in Banks. on this unusual the officers the State the same loyalty that you and other rein Sound Chicago banks are worthy the same faith you have shown bank." The Midway State bank has capital stock of $300,000. directors are Augustus E. Charles F. son, Dr. Packard, Percy E. Jacob Siegel, Irvine, John Bishop, Louis Victor, and Harry Bollman.
