People's Pilot, Volume 5, Number 46, Rensselaer, Jasper County, 21 May 1896 — Ruined by Chicago Board of Trade. [ARTICLE]

Ruined by Chicago Board of Trade.

Edwardsburg, Mich., May Citizens’ Bank closed Monday. At a meeting of the stockholders the cashier, J. L. Kleckner, acknowledged he had spent over $6,000 of the bank’s money on the Chicago Bbard of Trade, as well as $16,000 of his own money. He gave his note with security for the amount and will not be prosecuted. The bank will resume operations as soon as matters can be straightened up.