100 Per Cent. Bank Closed.

New York Times 100 years ago today, December 22, 1912:
Had Guaranteed That Interest on Deposits Up to $15,000,000,000.
    CHICAGO. Dec. 21.— A private bank which advertised to pay 100 per cent, interest a year "on all deposits, from 1 cent to $15,000,000,000," was closed to-day with the arrest of F. B. Carson, its promoter on a charge of using the mails to defraud. Circulars were sent to principals of schools throughout the country asking for deposits.
    Carson is said to have obtained many thousands of dollars.