Peiping, June 20.
Another Chinese bank has failed as a result of the monetary crisis precipitated by the failure of the Chu Sheng Yuan Bank. The Tung Yuan slang Bank, an associated enterprise of the Chu Sheng Yuan Bank, sus-ended payment yesterday afternoon.
arly in the morning there was a run fon the Bank, resulting in the with-@rawal of deposits amounting $200,000, and, fearing that the run would continue in the afternoon, the Bank decided to suspend payment.
'A. spokesman of the Chu Sheng Yuan Bank is quoted in the Chinese ress as saying that more than sufficient to The creditors of the Bank morning and decided to form an association to effect the recovery of their deposits, The Chu Sheng Yuan Bank was established in the Manchu Dynasty and 1s one of the best known old-style banks in Peiping. The Tung Yuan Hsiang Bank was established about 10 years ago as a subsidiary of the other bank—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.