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THE CHICAGO BANKS. The State Savings Bank Breaks BadlyA General Run on the Other Banks. [Special to the Democrat.] CHICAGO, Aug. 29.-The assignment and consequent suspension of the State Savings Bank in this city yesterday was undoubtedly hastened by the failure of the St. Louis banks about forty days ago. At that time large sums were demanded by and paid out to the depositors. The time rule was, nevertheless, enforced, and in order to meet the demands of creditors at the expiration of the first thirty days, the bank was compelled to realize upon its assets. The statement which the assignees made this morning shows that all the good assets, United States, park and county bonds, cash and real estate, have been disposed of, and that nothing but mortgages, collaterals and a little real estate have been retained. The collaterals, amongst other papers, include over six hundred thousand dollars in canal bonds, which are worthless. The assignee began an investigation of the books this morning, and the statement which is made from their face is not accepted as at all authentic, Col. Taylor expressing grave doubts whether many of the items displayed will be found in the vaults when they are opened tomorrow. The number of depositors is supposed to be about fifteen thousand,' and the average amount of deposits is two hundred dollars each. Irish citizens are more largely interested than any others, and after them come the Americans, Swedes and Germans. The scene about the bank this morning was one of intense excitement, although no threats of resort to violent measures were heard. As usual in such cases the most bitter invectives were showered upon the head of Spencer, who had so successfully managed the concern into irretrievable disaster. Quite a force of police was necessary to keep the crowd away from the doors. There appears to be but one conclusion drawn from the situation of affairs, and that is that the failure was caused by a most reckless if not dishonest management. Spencer had been peculating in suburban real estate since 1873 h fands drawn from the deposits of the bank, and was doing this on his private account. It is also alleged that when Spencer bought up the controlling interest in stock of the State Savings Bank, and it was done with money of the bank. This being a favorite dodge of his when identified with the Cook County Bank, which went under with disasrous results four years ago. One of the former stockholders of the bank tates when Spencer got control of the instituion, by paying an advance of 200 per cent on he stock, the stockholders who sold to him new very well that they were selling to a coundrel and violating their trust. The other savings banks experienced somehat a run to-day, the most closely besiged eing the Fidelity which, however, met dehands to a certain extent, paying small mounts and taking advantage of the time tle of thirty and sixty days for the balance. of r. Myers, president of the Merchants, armers and Mechanics', has given orders né at no money be paid out of that institution cc pe less it be needed for immediate use. The 10 inois Triast and Savings and the Union ust and Savings are paying all demands. 95 1 The leading bankers have taken a hopeful