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SMALL BANKS MUST CLOSE. Upon the Report of the Columbia National Bank Failure, Paris & Nave Order a General Suspension. INDIANAPOLIS, May 3.-John W. Paris and J. Shannon Nave, under the partnership style of Paris & Nave, bank ers, have, from their quarters in the old Sentinel building in this city, been controlling several small banks in the state. Upon the report of 10 Columbia National Bank failure, Paris & Nave ordered the banks which they control to suspend. It seems that Paris and Nave organized banks somewhat on the plan of Mr. Dwiggins of, the Columbia National of Chicago; in fact Mr. Paris was interested with Mr. Dwiggins in the Farmers' Bank of Greentown, which suspended yesterday. Ex.Governor Chase was also one of the founders of the Greentown Bank. The banks ordered to close by Paris & Nave of Indianapolis, include the Bank of New Orleans, Bank of Rossville, Bank of Freeport, Ohio, and Bank of Rock ford, Mich. These banks were all private affairs and had no extensive patronage. The firm of Paris & Nave has only been in existence a short time, Mr Nave joining with Mr. Paris in the business in January, 1892. Mr. Nave described the firm's business as a general brokerage one in addition to the banking end. He says the firm has been handling securities to a certain extent. The Dwiggins plan has been followed in its general outline by Paris & Nave in organizing these small private banks. An office would be opened and local parties interested in the scheme. It was the firm's ultimate end, said Mr. Nave, to convert the small institutions into national banks after they had been put on a sound footing. None of the banks ordered closed by the firm name a capital stock.