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Caused By A Run

Caused By A Run image
Parent Issue
Day
30
Month
June
Year
1893
Copyright
Public Domain
OCR Text

(i: "KWiLLK, June 23. - The City naI tional bank suspended payraent Thursday morning, and George B. Caldvvell, bank examiner, took possession. The failui-e is due ' to a steady run on the bank, which has continued since June 1, $52,000 been withdrawn in three weeks and the inability of the bank oflicers to negotiate loans, although they had g-ilt-edged seeurities. The examination up to this time shows $210,000 deposits and $312,000 assets. It is not known yet whether the bank will be able to resume or have to go into the receiver's hands. The bank was examined September 28 last and reported to be in good condition.

Article

Subjects
Ann Arbor Argus
Old News