Business: Loop Flurry

Not all the excitement on the streets of Chicago last week was caused by the convening of the Democracy (see p. 10). Some of it was caused by the Chicago banking situation.

At the beginning of the week the city became mildly bank-conscious when Banker John Bain & associates were put on trial as a result of the crash of the twelve Bain banks last October with deposits of $10,000,000, loans of $13,000,000 and only $321,832 on hand in cash. By the end of the week the city was...