Evanston National Bank (Evanston, IL)

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Episode Information

Episode UID
476701121
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
47670 national
Charter Number
4767
Start Date
May 18, 1893
Location
Evanston, Illinois (42.041, -87.690)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
37bec56755657f4c

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
73.3%
Date receivership started
1893-06-07
Date receivership terminated
1897-04-03
OCC cause of failure
Excessive lending
Share of assets assessed as good
25.1%
Share of assets assessed as doubtful
47.3%
Share of assets assessed as worthless
27.7%

Description

Suspension was announced as at examiner's suggestion and followed by receivership/dividends; promised reopening did not persist.

Events (5)
1. June 29, 1892 Chartered
Source
historical_nic
2. May 18, 1893 Run
Cause
Correspondent
Cause Details
Depositors panicked after the failure of the Chemical National (a correspondent) and heavy withdrawals followed.
Measures
Directors posted notice promising depositors would be paid in full and announced intent to reopen in three days.
Newspaper Excerpt
The bank was suffering from a run and did not have the money on hand to pay out.
Source
newspapers
3. May 18, 1893 Suspension
Cause
Correspondent
Cause Details
Closed at suggestion of National Bank Examiner after heavy withdrawals tied to Chemical National failure and tight money.
Newspaper Excerpt
Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President.
Source
newspapers
4. June 7, 1893 Receivership
Source
historical_nic
5. June 7, 1893 Receivership
Newspaper Excerpt
The receiver declared dividends; Receiver William C. Wood later placed shortage at about $44,000 and officers were indicted. (Receiver referenced in later reports.)
Source
newspapers

Newspaper Articles (23)
1. May 18, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, May 18, 1893

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BANK TROUBLES A Temporary Suspension in Evanston, Kl1-Wound Up. EVANSTON, May 18.-The Evanston National bank closed its doors this morning ut the suggestion of National Bank Examiner Geo. B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of,the money market. The depositors will be paid in full and the bank will reopen in three days. LONDON, May 18.-The court has granted au order for the winding up of the Commercial bank of Australialia, which suspended April 4th, will total deposits of oyer $60,000,000. BRUNSWICK, Ga., May 18.-The Trust National bank and the Oglethorpe National bank closed their doors this morning. M. Ulman, president of the latter bank, committed suicide. These banks have been looked upon as shaky for some time. LONDON, May 18.-TheSbank of England has advanced the rate discount from 31/2 to 4.

2. May 19, 1893 Evening Star Washington, DC
Article from Evening Star, May 19, 1893

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The Evanston, III., National Bank Closes. The Evanston National Bank of Evanston, Illinois, closed its doors yesterday morning at the suggestion of National Bank Examiner George B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of the monev market. All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000.

3. May 19, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, May 19, 1893

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Other Business Troubles. CHICAGO, May 18.-The firm of N. H. Warren & Co. closed all its deals on the Board of Trade to-day. It is estimated that 600,000 bushels of corn were sold out on the firm's account. Nathan Warren attributes the suspension to the tying up of his money in the defunct Columbia National Bank. Mr. Warren says that he expects to come out all right. He claims that there 16 enough grain on the road to pay all his margins. The firm, it is said, was nipped somewhat at the time of the Deacon White failure. CHICAGO, May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors, this morning, at the suggestion of National Bank Examiner George Caldwell, who, after a day's work upon the books of the bank. met the directors last evening. The capital stock of the bank 18 $100,000. It did business with the Chemical National. The directors announced that they will resume in three days. PHILADELPHIA, May 18.-Execution upon a judgment for $39,230 was sued yesterday against Edwin J. and Charles F. Howlett, trading as J: Howlett & Sons, paper bag manufacturers. A statement from the firm cannot be obtained.

4. May 19, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, May 19, 1893

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ILLINOIS BANK SUSPENDS. It Was Connected with the Chemical National, of Chicago. (By telegraph to the Dispatch.) EVANSTON, ILL., May 18.-The Evanston National Bank of this city closed its doors this morning at the suggestion of National-BankExaminer George B. Caldwell. The bank formerly did business with the Chemical National Bank of Chicago, but after the failure of that institution transferred its accounts to the Me. tropolitan National Bank of Chicago. The reasons given for the suspension are heavy withdrawais and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in fall, and that the bank will reopen in three days. The capital stock of the institution is $100,000.

5. May 19, 1893 The Morning News Savannah, GA
Article from The Morning News, May 19, 1893

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A BANK SUSPENDS. Heavy Withdrawals and Tight Money Cause the Trouble. Evanston, III., May 18.-The - Evanston National Bank of this city closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell. The bank formeriy did business with the Chemical National Bank of Chicago, but after the failure of that institution transferred its accounts to the Metropolitan National Bank of Chicago. The reasons given for the suspension are heavy withdrawals and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000.

6. May 19, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, May 19, 1893

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ILLINOIS BANK FAILS The National, of Evanston, Forced to Suspend Payment. EVANSTON, Ill., May 19.-The Evanston National Bank of this city closed its doors at 10 a. m. at the suggestion of National Bank Examiner Geo. B. Caldwell. The bank formerly did business with the Chemical Bank of Chicago, but after the failure of that institution it transferred its accounts to the Metropolitan National Bank of Chicago. The reasons for the suspension are heavy withdrawals and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in full, and that the bank will reopen in three days. The capital stock of the institution is $100,000.

7. May 19, 1893 New-York Tribune New York, NY
Article from New-York Tribune, May 19, 1893

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ANOTHER WESTERN BANK GOES DOWN. THE EVANSTON NATIONAL OF ILLINOIS CLOSED -GRAIN DEALER'S IN TROUBLE. Chicago, May 18 (Special).-Some more of the aftermath of the Chemical and Columbia National Bank failures came to the surface 10-day. The Evanston National Bank, of Evanston, which did business with the Chemical, falled to open this morning, the following notice, signed by Henry Wells, the president. being posted on the door: "Owing to heavy drains made upon our deposits and the stringency of the money market this bank suspends payment. Depositors will be paid in full." All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000. The last public statement was made March 6, when the amount of deposits was given ás $161,023 81 Since that time, however, the bank has been in bad standing. and depositors have gradually drawn out. Since Monday the bank. paper has not been accepted by the Chicago Clearing House. Rumors of the shakiness of the bank have been current for the last week or so. The concern cleared through the Chemical National until that bank falled. Then the officials of the Evanston Bank requested the privilege of clearing through the Metropolitan Bank, which consented to pay their checks as long as they kept enough money at the Metropolitan to cover all claims. Yesterday their deposit became exhausted and the local bank refused to honor any more of the Evanston Bank's checks. Bank Examiner Caldwell was seen In regard to the cause of the suspension and gave the following statement: "I received orders yesterday from Washington to examine the bank and did so. On reporting Its condition to Controller Eckels, I received orders to close the bank at once. The bank was suffering from a run and did not have the money on hand to pay out. As matters stand. there is $60,000 in deposits unpaid. I see no reason, so far, for depositors not being paid In full." N. A. Hill, vice-pre-ident, attributed the sudden run the failure of the Chemical at Chicago. "We did not to lose much by that failure, but It was known here that the Chemical was our correspondent," said he. This scared depositors and they began drawing out money faster than we could realize on our securities." "Was there no other reason for the run ?" Hill was asked. After some hesitation he replied: "Well, I suppose our president's trouble with a number of lumber deals he was in hastened matters. He was a heavy loser by the failure of the Cafro Lumber Company. and was also a loser in several other lumber failures. These matters became noised about and the run began." Among the business men about town the suspension is thought to have been caused by poor financiering methods. This afternoon the Board of Trade firm of N. 11. Warren & Co. closed Its deals. The firm has been on the bull side of corn for a long time-in fact, ever since the market was in the 50s-and the drop since has been rapidly exhausting its ready means. The crowning trouble was the fact that their funds were locked up in the Columbia Bank. As the firm was not in a position to respond to additional calls, those having trades with it deemed it predent to close them out. So at the start there was free selling for this account, and July touched 42 cents. About 600,000 bushels were closed out on the firm's account. The failure-If such it may be calledproduced very little excitement.

8. May 20, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, May 20, 1893

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More Banks Go Down. LINCOLN, Neb., May 0.-The Nebraska Savings bank is in trouble. For several days there has been quite a run on the institution but the worst is now thought to be over and it will weather the storm. Savannah. - Dispatches from Brunswick, Ga., state that the First National bank and Oglethorp National bank of that city, closed their doors yesterday, and that M. Ulman, president of the last named bank, committed suicide. These banks have been looked upon as shaky for some time. Chicago.-The Evanston National bank, of Evanston, Ill., has closed its doors at the suggestion of National Bank Examiner Geo. B. Caldwell who, after a days work on the books of the bank, met the directors in the bank and suggested this course. The capital stock of the bank is $100,000. It is said depositors will be paid in full.

9. May 24, 1893 The Advocate and Topeka Tribune Topeka, KS
Article from The Advocate and Topeka Tribune, May 24, 1893

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000 bushels of corn was reported sold out on 'change to-day for N. W. Harris & Co. The concern claims to be solvent, but its accounts are held up in such shape by the Columbian bank failure as to leave no opportunity to carry on business. SAVANNAH, GA., May 18.-Dispatchee from Brunswick, Ga., state that the First National bank and the Oglethorpe National bank of that city closed their doors this morning, and that M. Ulman, president of the latter, committed suicide. These banks have been looked upon as shaky for some time. CHICAGO, May 18.-The Evanston National bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who, after a day's work upon the books of the bank, met the directors at 8 meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National. The directors announce they will resume in three days. MINNEAPOLIS, May 20.-The Northwestern Guarantee Company, which has been in an embarrassed condition for some time, went into the Hands of a receiver this afternoon. the Minneapolis Trust Company being appointed the receiver. NEW YORK, May 20.-The Archer & Pancoast Manufacturing Company, manufacturers of gas fixtures, was placed in the hands of receivers today. The liabilities will, not exceed $1,000,000. Its paper sold largely in Philadelphia and was endorsed by Clement M. Biddle & Co. Its paper was also held by banks in this city. The failure is attributed to the stringent money market. The company is probably the largest of the kind in the United States. The attorneys for the company say it is only a temporary embarrassment, and that the assets largely exceed the liabilities. The trouble is the assets are not available.

10. May 24, 1893 Watertown Republican Watertown, WI
Article from Watertown Republican, May 24, 1893

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EVANSTON BANK FAILS. Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.

11. May 24, 1893 The Enterprise Wellington, OH
Article from The Enterprise, May 24, 1893

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Bank Closed Its Doors. EVANSTON, ILL., May 19.-The Evanston National bank of this city, closed its doors yesterday morning, at the suggestion of National Bank Examiner Caldwell. The bank formerly did busiwith the Chemical National bank, of Chicago, but after the failure of that institution it transferred its accounts to the Metropolitan National bank, of Chicago. The reasons given for the suspension are heavy withdrawals and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in full. The capital stock of the institution is $100,000.

12. May 25, 1893 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, May 25, 1893

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BY the capsizing of a tug and dredge boat on Lake Conneaut, O., five persons were drowned. WARREN & Co, of the Chicago board of trade, have assigned. FIRE at Starbuck, Wash., destroyed the Union Pacific car and machine shops, nineteen locomotives and all other railroad property except the coal bunkers. Loss, $300,000. THE Spanish steamer bearing the Infanta Eulalie arrived at quarantine on the 18th. THE Santa Fe wants a return rate of $16.50 to the world's fair from Missouri river points. A SCHEME has been completed for the slaughter of cattle in New York on western packing house plans. THE premier of South Australia reports financial matters all right and harvest prospects excellent. THE failure of the First National bank at Cedar Falls, Ia., shows peculiar transactions. THE National bank of Evanston failed, causing great excitement in that suburb of Chicago. LAWSON RUNYON, a prominent Cherokee, was shot and killed by ex-Deputy United States Marshal Creekmoor. A BRAKEMAN and three workmen were killed by a runaway train at Dubois, Pa. BEFORE the Crescent City club at New Orleans Billy McCarthy, the Australian, knocked out La Blanche, the marine, in sixteen rounds. A FIRE at Trondhjem, Norway, resulted in the loss of a number of lives. Four persons were killed while jumping from a burning building and three women and two children were burned to death in the flames. AT Ilmenau, Saxe-Weimar, the boiler of a locomotive exploded, killing five S persons instantly and injuring a number of others so seriously that eight of them were dying. CLEARING house returns for the week ended May 18 showed an average decrease of 1.2 compared with the corresponding week of last year. In New York the decrease was 6.4. J. A. R. ELLIOTT, of Kansas City, Mo., captured the Missouri state trophy as 1 the champion wing shot in the state tournament. He killed thirty straight birds. : JUDGE RICKS, at Cleveland, O., appointed a receiver for the Clover Leafthe Toledo, Kansas City & St. Louis railway. I FROM indisputable sources it is learned that Erastus Wiman's total liabilities will aggregate about $617,000, a 5 little more or less, according to whether f certain contingent debts are counted 1 in. BLONDIN, the strong man with Cole's 1 circus, undertook to hold a powerful team of horses together at Lake Placid, S N. Y. Several blood-vessels in the man's head and chest were ruptured and he died. THERE is great excitement in Normal, Ill., over the failure of the Exchange bank of that city, and the president has 1 been arrested for receiving deposits 1 after he knew the bank was insolvent. THE plate glass trust is an assured fact. IT is said that a mistake has been f made by the interior department in referring back to the Cherokees the matter of to whom the seventy allotments b shall be made in the strip. A COMPANY is being formed to build a railway from Bowie, Tex., to the City of Mexico. IT is conceded that Collector Wenneker, of St. Louis, will be dismissed as soon as his successor can be decided on. : THE Russian cruiser Vitiaz is a total a loss on the coast of Corea. The report y states that all hands were saved. e NINE young men have been arrested s for distributing boycotting circulars against the firm of Diel & Bro., gents' s furnishings, St. Louis. di A WASHINGTON florist has offered $500 k for the first Isabella souvenir quarter. THE controversy between Benjamin Feuchts and eight other members of r the Economite society and Trustee John S. Duss has come to an end by an amicable settlement, by which the contest1 ants will withdraw from the society. MONCHICOURT, the Panama liquidator, , has commenced suit against M. Imbert, the administrator of Baron Reinach's fortune, to recover 9,000,000 francs, which it is alleged Reinach received e from the company. g ADDITIONAL DISPATCHES. Mo. e was as of WALTER honored WILLIAMS, by election of Columbia, president the National Editorial association at

13. May 25, 1893 Eagle River Review Eagle River, WI
Article from Eagle River Review, May 25, 1893

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EVANSTON BANK FAILS. Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.

14. May 25, 1893 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, May 25, 1893

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MORE BANKS FAIL. Several Financial Institutions in Various Places Close Their Doors. MINNEPOLIS, Minn., May 18.-The Citizens' bank suspended payment yesterday. The notice on the door says that depositors will be paid in full. A dispatch from Zumbrota says the Bank of Zumbrota closed its doors yesterday. EVANSTON, Ill., May 19.-The Evanston national bank of this city closed its doors yesterday at the suggestion of National Bank Examiner George B. Caldwell. BRUNSWICK, Ga.. May 19.-The Oglethorpe national bank and the Brunswick national bank. both of this city, suspended yesterday. and M. Uliman, president of the first named bank, committed suicide.

15. July 21, 1893 Evening Star Washington, DC
Article from Evening Star, July 21, 1893

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National Bank Matters. The controller of the currency today appointed Mr. John P. Hopkins of Kensington, Chicago, III., receiver of the Chemical National Bank of Chicago, III. The controller has been advised that the First National Bank of Cheyenne, Wyo., has closed its doors to business, The controller of the currency has authorized the First National Bank of San Bernardino, Cal., and the First National Bank of Santa Ana, Cal., to reopen their doors for business, These banks have complied with the requirements imposed by the controller and are reported by the bank examiner to be in satisfactory condition with unimpaired capital. The controller of the currency has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III. The checks for the payment of the dividend will be distributed on or about August 1 by the examiner at the bank of Evanston. The controller of the currency has been advised that the Farmers' National Bank of Henrietta, Tex., has closed its doors to business.

16. March 13, 1895 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 13, 1895

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Bank Officers Indicted. CHICAGO, March 12.-Four of the officers of the Evanston National Bank were indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States District Court this afternoon. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier Jehn C. Austin, charged with the embezzlement of $3,500; director E. T. Paul, charged with the embezzlement of $3,500.

17. March 13, 1895 The Providence News Providence, RI
Article from The Providence News, March 13, 1895

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BANK DIRECTORS INDICTED. CHICAGO, March 13.-Four of the directors of the Evanston National Bank have been indicted in the United States Court for alleged embezzlement of funds of the State's. The shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlemene of $30,000; Vice-President, N. E. Hill, charged with $7500; Cashire John C. Austin, charged with $3500; director E. T. Paul with $35,000. The bank failed May 18, 1893. Wells IS said to be in Pennsylvania, Hill in Missouri somewhere on a farm and Austin is reported as having gone to California. Paul is a real estate dealer with an office in the city. The bank was capitalized at $100,000.

18. March 14, 1895 The Princeton Union Princeton, MN
Article from The Princeton Union, March 14, 1895

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Embezzlement Charged. Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells, Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.

19. March 15, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, March 15, 1895

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Embezzlement Ch irged, The Federal grand jury at Chicago Tuesday indicted, on charges of embezzlement, Henry Wells, E. Hill, John Austin and E. T. Paul, the first three officers and the last one director of the defunct Evanston, Ill., National Bank. Paul is the only one in the vicinity at the present time. He lives at Wilmette, and is now in the real estate business. Wells is said to be in Pennsylvania, Hill in Missouri and Austin in California. No warrants for the arrest of the men have been issued as yet. The aggregate amount alleged to have been embezzied is $44,500. The bank was capitalized at $100,000, and when it failed in May, 1893, the liabilities were $120,000, and the assets were supposed to equal that amount; but afterward it was found the assets were far less than this. The receiver declared dividends to the amount of only $60,000.

20. March 15, 1895 Marshall County Independent Plymouth, IN
Article from Marshall County Independent, March 15, 1895

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Indict the Bankers. The Federal grand jury at Chicago Tuesday indicted. on charges of embezzlement, Henry Wells, E. Hill, John Austin and E. T. Paul, the first three officers and the last one director of the defunct Evanston, Ill., National Bank. Paul is the only one in the vicinity at the present time. He lives at Wilmette, and is now in the real estate business. Wells is said to be in Pennsylvania, Hill in Missouri and Austin in California. No warrants for the arrest of the men have been issued as yet. The aggregate amount alleged to have been embezzled is $44,500. The bank was capitalized at $100,000, and when it failed in May, 1893, the liabilities were $120,000, and the assets were supposed to equal that amount; but afterward it was found the assets were far less than this. The receiver declared dividends to the amount of only $60,000:

21. March 15, 1895 The Cambria Freeman Ebensburg, PA
Article from The Cambria Freeman, March 15, 1895

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Four Bank Officials Indicted. CHICAGO, March 13.-Four of the officers of the Evanston National bank have been indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier John C. Austin, charged with the embezzlement of $3,500; Director, E. T. Paul, charged with the embezzlement of $3,500.

22. March 16, 1895 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, March 16, 1895

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Embezzleme.nt Charged. Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells. Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.

23. June 21, 1933 Chicago Tribune Chicago, IL

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Evanston First National Bank to Open Today First National bank of Evansopen this morning successor to the City Bank and Trust company. per cent of the unsecured totaling and of the cured deposits the bank will released with opening. The new bank has capital and surplus of $337, was up by the Recon struction Finance for preferred Joseph F. with the Chicago the national will be president of the bank. Charles Stevens, the old chairman, and W. fedof the old bank since March. be vice president and officer. In addition to the mentioned directors Edwin T. Samuel Parsons, John Burchmore, E. Fall Rawleigh Mr. be chairman of the executive comof the capifor the put and bank, the being supplied by the R. Slow of the old bank will gradually liquidated to satisfy the per claims by the institution. old bank of the largest banks in the suburban area. The new bank occupy the same quarters the southwest corner of Davis street Sherman avenue.