Bank Of Superior Goes Under
West Superior, Wis., Dec. 29.- The Bank of Superior, doing business at the east end, suspended to-day on account of a run with Wlllch it was tUreatened after the recent fallures. The bank had $25,000 capital and $G,000 surplus, which was largoly tied up in investments. The big proportional deposit of about $100,000 was a constant menace and a slight run was experienced Saturday, which influenced the closing of the institution. Tlie dcposits are niostly in small amounts and the bank expects to be abie to liquÃdate in full unless there is a continual decline in assets. The city of Superior had $13,210 in the bank, making nearly $30,000 lost by the city during the last week.
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Ann Arbor Register