Rensselaer Semi-Weekly Republican, Volume 19, Number 92, Rensselaer, Jasper County, 26 July 1898 — Michigan Bank Fails. [ARTICLE]

Michigan Bank Fails.

Lansing, Mich., July 25.—The state banking department was officially notified Saturday that the Tawas savings bank of Tawas City, having a capital stock of $25,000 and a local deposit of $15,000, has suspended. The failure is brought about by the financial embarrassment of M.' H. French, of West Branch, president of the bank. The deposits were nearly all paid back before the bank suspended.