The Lansing Banks
Lansing, May 7. - The Ingham eounty savings bank, whieh closed a couple of weeks ago under pressure from a run caused by the failure of the Lansing iron and engine works and the Lansing Lumber company, will resume business at once. Fifty thousand dollars additional capital has been subscribed which, with a surphis of Í5O,OOO, gives a working capital of $150,000. The closing was the result of a panic among the directors, as the bank was entirely sol vent. having ampie cash and gilt-edged securities in the vaults at the time. Laksing, May 9.- Ex-Auditor General George W. Stone, who now resides in this city, has been appointed reeeiver for the Central Michigan savings bank. He will be required to give bonds in the sum of ?100,000.
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Ann Arbor Argus
Old News