The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-01-04
The Germania of st. Paul
Didn't Open Today.
Action Was Taken After Full
Consideration.
A LONG RUN.
DepOSitOrs Had BeenWithdraw-
ing Money For Two Weeks.
The Banks Liabilities Are
About $I,625,7SS.

St Paul. Mimi, Jan. 4.-The Ger
mania bank, a state institution, capital
100000, did not open for business to-
day, but announced it's assignment to
Peter NJ. Kerst, who for the past year
or two has been cashier of the bank
The announcement stated that this ac-
tion was taken after full consideration
of all phases of the situation and it was
deemed best for all concerned that this
action be taken. The bank stood run
for nearly two weeks, its depOsitOrs be-
ginning to withdraw their accounts at
the time the bank of Minnesota closed
on December %.
The last official statement of the con-
dition Of the bank was made December
II. 1896, and was as follows: Resources,
loans and discounts, S9I5, ,42O-53, over
drafts, secured and unsecured, 81. .355. 20;
stocks and bonds, $S7, ,S90.36; banking
house, $253, SAT 10; furniture and fixtures,
$40, ,SS2; other real estate, $40, ,15S-44; cur
rent expenses, $13, 1924; taxes paid,
50, ,131- 80; due from banks, So. .259-fS;
checks and cash items. S2.535-73; ex-
changes for clearing, $27, 7,607-46; cur
rency, s42, ,329; nickels and cents. s24455;
gold, S102, $50; silver, $4,3sT.25; total re-
sources. 81, ,625, ,7SS-O1.
Liabilities-Capital stock. $4,000
surplus and undivided profits, $5S, 7s7 q;
dividends unpaid, 81; bank building
loans, $4,000; individual deposits sab
ject to check, s345, 1914; demand certifi-
Gates of deposit, 1888 O19-70; certified
checks, S11, ,450.02; cash creditors, s4,-
305.41; due to banks, $9O,13O; total, ST.
625, ,76S.
The Germania National bank has
been organized for many years. ex-
Governor Alex Ramsey being for long
time president and VIM. Bickel cash
ier A few years ago Governor Ram
sew retired and Mr. Bickel became pres
ident but last spring Mr. Bickel re-
tired from the bank, becoming vice pres
idcnt of the newly organized Allenania
bank He was succeeded by Gustav
Willius as president of the German1a.
t H Menk being vice president and
P NJ. Kerst cashier The directors are
Gustav Willius, VIM. Bickel, Albert
Spangenburg, Joseph Haag, ]. B. Her
man. F. b Berrisford, T. H Menk, o.
f. Holman c. L. Horst, Adam BeyeT,
w. H. Harries, P. NJ Kerst, John Klein
andsWm. Schornastein. ~ The change IN
the official head of last year IS believed
to have caused shifting OF accounts
President Willius told an Associated
Press reporter today that the closing
was the result of an unreasonable pam
ic and that the bank would be opened
for business Just as soon as the people
regained their usual cool sense me
bank as a result of the panicky feeling
had paid out depositors S335,O00 in the
last nine days and as they saw what
the continuation of this would lead TO,
the directors had decided to close Lor
the present MI WilliuS said he fully
expected to have the bank reopened
and ready for business by the last OF
March.
New York, Jan. 4.-The Hanover Ma
tional bank is the New York cores
OF ST Paul. The latter has been IN the
habit of carrying a fair account here
but it is stated whatever indebtedness
is due the Hanover is secured