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Strong Union National Meets Heavy Run All Day Without Embarrassment. Eau Claire, Wis. doors two banks here failed to open day. The Eau Claire State Bank, with deposits of about closed, its directors said, because the termination of negotiations which the Northwest Bank Corporation, Minneapolis was about to take over the bank. The were abandoned said, because of suspension of the gold standard in London. few minutes after the announcement closing the directors of the Union Savings Bank announced closing of their institution as precautionary measure to prevent and asked the state banking commission to take charge. The Union Savings Bank had deposits of about Only One Bank Left Only one bank, the Union National Bank, member of the Wisconsin Bank Shares Corporation remained open here. The Union National was sustaining heavy run during most of the day today but had abundant cash reserves with which to meet In an official statement issued during the George Wheeler, president of the Union National declared his institution had nearly in immediate cash resources, does not dollar anywhere and is ready to meet any This marked the third bank to close in Eau Claire in little more than two months. On July the Eau Claire Savings bank failed to open for busi- (Continued On Page Three)
