OCR Text |
Show Bank Failures. Chicago, 28. The State savings in stitution made an assignment this alternoon to Abner Taylor. This bank haB been established some twenty years, and from the, prestige ot its early reputation has secured the patronage ol a great majority of the poorer classes. The maximum estimate esti-mate of depositors is 16,000 ; the minimum 12,000. The failure will fall with crushing weight on these people, many of whom have invested their all. The State has for many months been in a Komewhat pre carious condition, and the run upon it made in August has accelerated the failure. The officers give this brief statement of the affairs of the institution: in-stitution: Savings deposits,$'2 931,756; certificates of deposit, $4,533; bills payable, $52,050; total debits, $2,-988,339; $2,-988,339; mortgage loans. $1,830,184; collateral loans, $1,167,850; real estate, $105,131; building, $121,625; total credits, $2,724,690. The president, presi-dent, D. D. Spencer, is at present iu New York, having gone there for the purpose of receiving a loan. This is the largest aDd oldest savings bank in the city, and its failure will inevitably in-evitably embarrass if not causa the failure of others. Serious trouble is anticipated to-morrow from the turbulent tur-bulent working classes, who lose what is their bread iu this institution, |