Home Savings & State Bank (Peoria, IL)

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RUN ON A PEORIA BANK Home State and Savings Victim of Rumor That is Declared Groundless. Peoria, May 5.-Withdrawals of $20,000 from the Home State and Savings bank of Peoria, were made yesterday afternoon in a run caused by rumors that the bank was connected with the German Fire Insurance company of Peoria, which lost heavily in the San Francisco fire. Vice President Ulrich stated last night that his bank was in no way interested in the insurance company and was perfectly solvent. The bank has deposits of over a million- dollars.

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RUN ON BANKS AT PEORIA

Money Now on Way From Chicago to Protect Savings Concern. Peoria, Ill., May 5.-Rumors that the Home Savings and State bank of Peoria had lost heavily in recent business transactions caused a run on the institution late yesterday afternoon. The run came late and less than $20,000 was withdrawn. Money is now on the way from Chicago and local banks have promised to help prepare for any trouble which may come today. The run was started by the rumor that ,the bank wasjconnected with the failed Teis Smith & Co. bank in Plano, which closed its doors three weeks ago. Officers of the bank deny any connection with the institution. The capital is $120,000, with $50,000 surplus and deposits of over $1,000,000.

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RUN ON PEORIA BANK

Rumor of Heavy Loss In San Francisco is the Cause. Peoria, III.: A small run on the Home State and Savings Bank of Peoria, took place Friday afternoon as the result of rumors that the bank was connected with the German Fire Insurance Company, of Peoria, which lost heavily In the San Francisco disaster, Charles Ulrichs, vice president of the bank, stated Friday night that his bank was in no way interested in the German Fire Insurance Company and was perfectly solvent. Preparations have been made to meet the expected run. The bank has deposits of over a million dollars and is known as a conservative Institution.