People's Pilot, Volume 2, Number 46, Rensselaer, Jasper County, 5 May 1893 — OWES MANY MILLIONS. [ARTICLE]

OWES MANY MILLIONS.

Another Big Basfic Failure Deported freon Melbourne. London, May 2.—A dispatch from Melbourne announces th© failure of the National Bank of Australia. The bank has about 150 branches in Australia and agencies in most large cities of the United Kingdom, the continent and the United States. The assets are now estimated at £10,000,000, while its liabilities in th© colonies only are placed at £7,500,000. The cause of the failure was a heavy run on ithe bank and all ita branches. Since April 1 more than 600,000 has been withdrawn from deposit