Democratic Sentinel, Volume 14, Number 23, Rensselaer, Jasper County, 27 June 1890 — CLOSED ITS DOORS. [ARTICLE]

CLOSED ITS DOORS.

The Park National Bank, of Chicago, Sns-.-A » % , , ~ f ~f, Chicago dispatch: The Park National w bank, 'corrtcr of \tilshinglon and' 7 Deal-' whom streets, has closed its doors. Wlfelf' appeared at the bank they Joined -the .following liotice om'thbu.bii “front doors of-tho instti ntiion:. V. n , “f hdvq ta'op, possession of tb-is,-bank by cir<|ex of tbq .treasury •Bepanmppt.ftt; Washington. “J. S. stui:gkss^ ti *,. “Rank Examiner.” * | Bank Examiner S'fprgess took charge of the bank,'’a>iU't ; sflid"' lock eld the doons oLthe 'eoneerli'.'e Mr Stftrlifciss iirfd" somb of i?l»» bank we?e i 'by , your repeater,'•burt’-tirej' positively re' fused; to-say.anything abowbutrbei bank’s s ,-»* i • .- f A « ( j-i ,i , .* ■ ••*?■ | The cjtnse of the favTure is sand to be ■tlio part the ..bank -took,-,,in; ,furnishing |funds ior Wiiljams' Sc to r coiraplete ■the 'Fort Sheridan contract. I Presfoenfc’Charlos R Pacfeor arrived at + he bank 'just; in'tlfiiie to see tho bank .examiner shutting’ 'ftp ‘the plate. 'Mr. rjPaekcr repaired post-haste to-the Commercial * 'Nhtfroti ill *and“h9uf k ftuTV •with Prvsidout Eames. Mr. Packer, declared that the-ivctiom of the bank exnittißorjw.as ai' grentvsi ivpri wo to: l inin' and that the;«rbank.-. Jvas .swrind >and that be was ablp, ’to’ pay.up ,;in full. , ilr, r .Pack<3r,. laid,.tim,tiH)«ble. kit tjie, fopt of 1 4lig„ he Jiad. been wj-tb ))im.ov(jr,tbe wprk. at Fort Sheridan,*iu which the bank was heavi- - ly interested as a big loser, , These men, Mr.‘Picker declared, had 1 been vsrlns.pering'U/rountl arid ‘fAU^ng 1 in' a word 1 here and there Ao injuro . thd credit of* the t}]ey,,jiac\, f,oi, Hie bank examiner hero was instructed, by Comptrollfer Lacey'sit Wistii rag Von to close the bank and look into ite affairs. “There neqd be no..particular-uneasi-ness felt about this failure,,’ sa!ci"Cashver i Meyer of -Commerdial Nat^liaf,'“but the ti'oublVi wiH'be that tho : pirblie'Avill 1 not look rvpdn it.'as A nrerr) ilnny and not affecting business generally I believe depositors will be paid in full.” Tlic.fyank .organized.- by .Charles P. Packer abotft three years ago. Previous tb'tiiafc ‘tirnb Mr. Packer' "had ' a bank on Twenty-second street, where lie gunall •. fean-king r. ibiislnessl Mr. Packer is a man wealth is estimated at from $75,000 to SIOO,OOO. He is the heaviest stockholder, and it is said, holds a ;iflfkiPA , ity l .,.Qf. Jhp n ¥tpcV>. The bank examiner’s report made May J last shows tiro capital 'sftSbk'tb ( be 1 000, with a surplus of $21,000 and undivided qjroiits -of’$18,009;. sll,ooo of which was tq- go tne ,out qf estimated, ospeuses. The stockholders, who were 0n.,t,h0 '“inside” recently pulled out and *sold their " stock at p:tr. 1 ' ' 1 "o - ,

J* ' > < ' « iJ k . . # Newsy Paragraphs. • . SindHittfir crushed 1 to dcjffh'tostordA^iJirififMdadillg logS;r t{- fit hif.H t.j fit'll u ! . JoswNruiß.r ilfoi/M, •ItßwjaQfvfollt-knovcn actor, is Bic^ ft k ng Branch cottage. Capo ensconced m tbccotxago that glvdif ‘WieM: • 1 1 VM‘V- *f*v~ ’ i JpfeMi pA-rrh ' and*"his Wflh 1 f hanged'.at-;' Elk o.n Novvi,'-<f6ii -ther-manlor; Jan. .l, Two burglars robbed the store of W, H. Barnum, of Beloit, Wis.. Wednesday c^tnrjfd^ 0 W ° 01 Tiiijf Meydrs, murrfeV case at lowa' Ci ty lowa, forAMbte#’. ‘ ibrdptfy' fdstefirdify} Josef) || Albertv-Uho, *teStendaait> ? ' ppyjvdi ing guilty ? tn Ahe ; 9»cqu<J v fa eree ; «ih,j- .::i ,/*tr pr-V-j fc i *o-*»rriA »u i i iara '.v • Ar*n