The Chicago Foreign Language Press Survey was published in 1942 by the Chicago Public Library Omnibus Project of the Works Progress Administration of Illinois. The purpose of the project was to translate and classify selected news articles that appeared in the foreign language press from 1855 to 1938. The project consists of 120,000 typewritten pages translated from newspapers of 22 different foreign language communities of Chicago.

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You are looking at one result from the Norwegian group.
This group has 3605 other articles.

This article was published in 1872.
163 articles were published that year.

This article has a primary subject code of "Industrial and Commercial" (II A 2).
1891 articles share this primary code.

  • Skandinaven -- December 11, 1872
    Scandinavian National Bank Bankrupt

    Yesterday the Times stated that the Scandinavian National Bank was bankrupt. Fred S. Winslow, president, closed the bank today. Naturally, the Scandinavians are rather worried because they are among the largest depositors. Nobody knows the outcome yet. We can report, however, news from the Chicago Evening Journal. As a rule the Journal always has been dependable. Following is the report:

    The bankruptcy is due to president Fred S. Winslow's mismanagement. It has been reported that he lost heavily in European speculations; a receiver took possession of the bank at once. We all anticipate that the bank will be able to pay back the people's savings accounts. Two weeks ago the assets were estimated at $536,516. Again a case of a banker using bank money for speculation. A committee of nine men, at 911 Milwaukee Avenue, are trying to have Mr. Scavil of Prairie Lake take possession of Winslow's bank and take care of the creditors' interests.

    II A 2, II E 2