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PRICE THREE CENTS. MANY MORE BANKS CLOSE. NATIONAL DRAGGED DOWN BY THE COLUMBIA REP HOW LITTLE PROSPECT OF THE CHICAGO DWIGGINS BANK BUSINESSSUMING AND STARBUCK OPERATED. fail. no more BY TELEGRAPH TO THE TRIBUNE.] bank In the clearer Chicago, May 12. There the were atmosphere ls bank little enough however, ures here to-day city and according to prominent failures of of the ers. There banks, were, all connections In cause some some way wonder country Columbia National of this in city its effects to that failure or more may as to According how far-reaching to the dispatches wall a dozen as the direct be. have been: forced to the banks the failure of the Columbia. be Bank able to ing com his rbination result The of prospect resume of the Is remote. Columbia The National financiering is so inex of that Zinirl Dwiggins mixed with and the affairs of disentanglement the bank tricably much worl. to effect branched out upon It Dwiggins will take and J. M. Starbuck scheme for the establish- of of they an extensive chain and of ambitious country banks. are A connected partial 11st shows ment the institutions with in which Illinois, two in Michigan. the course four six in Indiana, six three Wisconsin. In loaded with in Ohio and two or National became no time the Columbia stock for which It had as of mass of country bank which it was not earning states as money was special use, and It upon should. Then incorporated the United under much Loan and Trust Company with Zimri Dwiggins as the prest- basis bank the laws of Indiana. represented that upon 12 per cent dent. Its prospectus stocks yiel ing 8, debenture 10 and bonds of country dividends, 3 and security 6 per in every case being value at least worth would cent be issued, 33 the per cent more than the face guarof the United bond. States Loan principal and Trust and Company interest The the was vigorously Bank to-day anteed The the payment of exploited. and inquiry revealed at the and Illinois matter Trust $250,000 and Savings of the United States been registered Loan has Trust fact that Company's connection debentures it should had be understood nothing there. the In Illinois this Trust and company. Savings Bank except to security take that to do with the collaterals offered as for whatever in escrow the register such bonds. the form what and the hold debenture bonds arrangement and to took as between been not has company It secure is plain. possession Just the Columbia and the certain trust that the Columbia of the so company. into made ties found their way into and It the is to be presumed the Colum- that be called proceeds trust found their exact way. back method of procedure will to as one the bia's cash box. uncertained but the The trust of concern the largest of and the at rating in is yet all probability bank. turn The up United States the commercial Loan Other Trust debtors Company has facts no are also coming Bank was to light, interdirectly the largest agencies. going show that the or indirectly Columbia in many of outside these, the business ested either enterprises One of of a World's Fair first specula- and which was in famous the nature Mecca Hotel at three Thirty stories in tion, was This enormous solid structure. block. was Dwiggins, built on State sts. and occupying a great extent by defunct were height money furnished financial to directors of the both diwithdrew. Starbuck Columbia. & Co.. Dwiggins corporation and Starbuck until short Dwlg. time rectors when of the they Meeca allege this that and they other matters this ago, was asked about little. the gins but would say Studges very was asked If would Government he said: ait When rnoon, Bank Examiner Institute proceedings don't against know. the do. can't not you officers tell of what the bank. the discovered Government im gularities will Have answer that. "I Have won't you anything this much to say The affairs D. of A. the Cook, Cowill say shape that there, "I are in such bad who is in charge it for assistance. lumbia the State Bank Examiner. am going to get him must as have soon as can. rumors prevailed. and bankers' there but waning of During to-day scattered indications many all along exettement. the While the there depositors streets were was of nothing feeble at all like appeared run to on any be uneasy. and to-day banks, workingmen savings left off to employme draw out their there savMany were early at the bankers banks anticipated this. dimination and of ings. But the of uneasiness and great no body of depositors. was no show the part of the bank is said to be supplied smaller confidence Every on Clearing with House funds, and banks no are further not of by abundantly trouble is anticipated. the big The bankers that in their even outlook should taken note situation. and they more say failures among alter those the feeller institutions of there the be one or two it wouldn't materially of the branch situation. depositors in the Exposition Hive outside of Chicago, them The Pank, who amounts due Chemical National to-day that the the Exposition toreceived would be notice paid before the close of Morristown this night. Indianapolis. May 12 (Special). Bank closed At its to doors. meet its It morning the that Commerce the bank present will be flurry able is past bustis thought and when resumed. the were end obligations will probably be Fowler state that Oxford there Arcadia ness Dispatches from banks of Boswell. being that they were Later embarras hard runs today. en the the indication it was reported that the closed At Brookston noon and doors depositors badly Eoswell bank the was Commercial closed. made Bank application at to have its appointed. to day assignment for receiver Bank of Greenwood made A drain on the but bank one that The the benefit of the morning. creditors. and there being all depositors began early in the doors were closed result possible the same footing. CenThe says: A Lebanon might dispatch stand on from the Attlea to-day is running today, but on temporarily. the of account trat will probably Bank, of have West failure to of close. the at Columbia least National Bank x-Govto-day of Chicago. of the banks which of the falled Board of Directors private and ernor was large impaired If is not of banking concerns the In three Chase was a stockholder. member crash The Governor's entirely swallowed fortune the will failures. be The feeling of uneashness in created 1873. informed in up Indiana which has has not existed since was like State of Auditor that Henderson the not Commercial meet its demands State of Bank Bank this of morning Russiaville suspension could of the Columbia organized National January is Tindley were owing to Chicago. the The bank president was and R. W. Miles pante failure State 1. 1892. It J.T. is thought that of the the directors Columbia and Auditor that stricken cashier. by have the continued state Bank business. Examiner Teeter record to they Henderson a should has sent of the bank. capital The directors' of $30,000 and assume show that charge the the bank amount has of eretal a $35,000. Bank is Its one assets of to about are be deposit* about #70,000 The Indiana Comme that National. are thought The PortState twenty banks with in the Columbia vesterday. was bank the land connected Bank, that group. suspended This was the The first State banks largest close of in the Indiana examined in twenty and years. their reports indicated Bank, were to recently substantial condition. the Farmers' that they were from in Kokomo says management as bank's the A dispatch under the suspended same w-day. The Ru-slaville at Pank, placed also at $60,000. 1 this morno'clock are 2.-About an Ing courter liabilities Portland. Ind.. from May Dunkirk arrived here and