The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-05
lorm sIsySSfssidsnt ina e. c,.rman;, han,

VsAVl OF Inc S1ermdn1d Dank
] joining forces with Albert Scheffer of
the Comm ercial to organize the new
bank. Its last official statement, made
on December IL, showed: Loans and
discounts, $62, 8S1 40; capital stock paid
| in. 100000; undivided profits, less ex-
| penses, S58,764s0; individual deposits,
| 1928, 7SS.27; interest certificates, s1S7, o5S.-
| 90.
| President Shelter Of the Alleman;a
said at noon that they had been suffer
ing from the panic, the failure being
! due to combined boarding, and with
| drawing of deposits. A crowd of depos-
| money, and at IL o'clock it was decided
! to close at once.
Owing to the excitement caused by the
| closing of the Germania and Allemania
banks today, many depositors started
after their money in one or two Of the
other bonks, the Minnesota Savings
bank being the center Of excitement. The
president of the bank, William Beckett,
Jr., is the son OF the first vice-presi-
dent OF the Allemania, and this fact seem
ed to turn the minds of the people that
way. This morning the bank was OPEN
ed for business, but at 3 o'clock was TAX
ing advantage Of the rule allowing sixty
days notice before allowing Withdrawals
of deposits.
THEN THE WEST SIDE.
At few minutes before 2 O'Clock the
West Side bank, organized in 1886, with
capital Of 100000, closed its doors The
president, F. Staples, told the Associ-
ated Press representative that the bank
cleared through the Allemania and had
its clearings returned today because OF
the closing of that bank. The West
Side bank from the general shaky condi-
ton Of financial affairs, closed.
The West Side bank has not closed its
doors finally, but in view of the panic,
pending action by the directors. The
bank is considered a strong, though
small, institution and loss to depositors
is not thought possible.
The official statement Of the West Side
bank, made to the state bank examiner
on December IL, is as follows: Total as
sets, s217. 024.17; of this $50, 5000 was in
loans and discounts and $4,000 in real
estate. The total deposits were 113, 546
The furniture and fixtures represented
$1,000 and bills re-discounted, $500.
Public funds were on deposit in all
three of the closed banks.
The state had s10,546.05 in the Germa-
mia; S35, 302.5 "a in the Allemania and 3d.
1868 in the West Side bank. The coun-
ty treasurer had deposited s9,63535 in the
Germania; S26,21 SO in the Allemania,
anu Sfoofo4 IN the west SIDE Dank.
City Treasurer Horst had on deposit
funds in the Germania, SAG, 793.S2; in the
Allemania, s151. 1856, and in the West
Side bank 81, S94.50.
New York, Jan. 4.-The Hanover Ma
tional bank is the New York correspond
ent of the Germana bank of st. Paul.
The latter has been in the habit of carry
ing a fair account here, but it is stated
that whatever Indebtedness may be due
the Hanover bank is amply secured.
FAILURES OF MINOR NOTE.
Mason ity, Iowa, Jan. 4-The First |
City bank Of Nora Springs has failed. |
An assignment was made to Byron Gam
ming.
Cincinnati, O., Jan. 4-E. c. Bailess, |
merchant, assigned to c. w. |
Scott. Assets s2l 900. Liabilities, $37,-
OOO
Quincy, ILL.,, Jan. 4-The wholesale and |
retail crockery store of H. Ridder & Co. |
failed today. Assets, $4,000; liabilities, |
$50, O00