Business: In Chicago, Cont'd

After last fortnight's big bank mergers in Chicago, La Salle Street and the Loop breathed more easily. But fear and suspicion grew rampant in outlying districts. Armored cars rushed from the big Loop banks, carried millions of dollars to little banks where unexpected runs had started. But not all the outlying banks were in a condition to warrant saving. In one crack the twelve banks of the John Bain chain went down, affecting laborers and commuting clerks in such Southside districts as Stony Island, Auburn Park, Englewood and Chicago Lawn. Although onetime Scot...

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