Article Text
An epidemic of bank failures is sweening the country but the public is getting rather used to it and bank crashes are no longer played up on the front pages. Banks in rural sections of the country are shutting their doors daily. Here in Chicago during the past year many of them have given up the ghost. The latest to come in for undesirable publicity is the State Commercial and Savings bank, located at 1935 Milwaukee Avenue. The bank faces a receivership after it has closed its doors by order of state bank examiners. The great majority of the deposits in the bank were the savings of workers. The poor wage slave is fleeced in the shop and if he does manage to save a little and puts it in the bank for a rainy day, he stands a good chance of seeing some grafter running away with it.
