Ever since Charles Gates Dawes's Central Republic Bank & Trust Co. obtained a $90,000,000 loan from the R. F. C. (TIME, July 4), Chicago's LaSalle Street has thought there was little doubt that the bank would gradually liquidate. Last week Chicago's Herald & Examiner said it had learned that Central Republic would indeed liquidate, paying depositors in full, but that Chairman Dawes would start afresh with a new bank capitalized at $5,000,000. The new bank (of which Banker Dawes would again be chairman), would be called Dawes Bank & Trust Co.
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