The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-18
SUSPENDED AND CLOSED.
Two More Kansas City Institutions On abl
to stand the Pressure.

Two More Kansas City Institutions Un able
tn stand the Pressure.
KANSAS CITY. Mo-, July 1.-THE Mis-
souri, National Bank suspended payment
and closed it's doors at 11:45 o'clock this
morning. and the Grand-avenue Bank. q
private institution. assigned this morning
to James p. PIckel. who Immediately took
charge. The assets of the latter are placed
at 1900. 900 and the liabilities at $4,000.
The Grand-avenue Bank holds ample gilt
edged securities to meet obligations. it is
claimed. and the officials say they expect
to resume business shortly. Ii was
rumored Saturday that this bank
had closed. but il appears the
officials secured money sufficient to tide
them over till to-day. when it was hoped
some other securities could be realized on.
On account of the scarcity of money how
ever, this Was impossible. Confidence in
the ability of the bank TO pay dollar for
dollar 10 expressed by other bankers here
and no excitement over the TEN porary sus-
pension is manifested. A. LamDert Is pres
ident. Ii. Stu benrauch vice president and
III. Z. Lambert cashier of the Grand-ave.
nue. Bank.
Itwas despite assertions of strength and
the publishing OF q favorable statements
Saturday that the Missouri National Bank
was taken possession of by the Controller
OF the Currency shortly before noon to-
day. The officers show the assets at 81. 25i.-
7S5 and the liabilities. excepting capital
stock, at about 100000. During the run
on the different national banks here Satur-
day quite O run was precipifated on the
Missouri National. though the Withdrawals
were made by small depositors- This morn
ing. however. several large deposit
ors withdrew their money. and the
amounts. running well up into tho
thousands. made further continuance
l. LIZ % n
was restored by Ford REIN. local brewer,
depusiting So. 900 in the concern. hut this
soon lost it's effect for good. Aid had been
asked from the Third National Bank or
Now York city. and the assistance was on
the way. July / the bank paid the regular
annual dividend of per cent. The officers
declare that depositors will be paid dollar
for dollar
The Missouri National is a new bank,
having opened in January. 1891. It has .
capital stock paid in OF $3.50. .009 and its sur
plus 10 So 900. According TO the statements
Saturday. issued IN compliance with the
request of the Controller of the Currency,
cash and s:ght exchange were placed at
S27l. .024 aud the deposits &C 800. .1e2 The
officers are ID. V. Rieger. president; Henry
l.. Ksupf. vice president; X. ID. Covipgton.
cashier.
Six Kansas State Banks Fiunked.
TOPEKA. Kan. July 17.-Six Kansas
State banks went down in the financial
furry to-day. They are the hank of Rit-
ter IL Doubleday, of Columbus; the john
son City Bank. of johnson City; the Bank
of Weir City, tie Bank of Pleasonton. the
Caney Valley Bank. of Csney. and the
Bank of Meade. At Meade Center. IL 10
impossible TO obtain statements at this
time The banks have all been taken poe.
session of by the State Bank Commissioners.
Other Failures
TOPEKA. Kan. July l7.-State Bank Ex-
aminer Brledenthal says Hood N kincaid's
Bank. of Pleasanton, Kan. has failed aud
10 in the hands of Deputy State Bank Com