The sun., 1900-12-23
BALTIMORE BANK WRECKS,
THs ECONOMY SAVINGS GOks DOWN
WITH rHr AuEMCAN NATIONAL.
Tns Institutions were Aihcd and ths National
Hank Had the savings HANKS non-y-rhe
city. Money Drawn From the Amrrs-
can National by Mayor Hayes ReQusst.

BAirtMoRg, Dec. "a The failure Of the
American National Bank OF this city occa-
stoned no surprise In financial circles. the
Institution having been regarded a. shaky
for somo timc bad management is alleged
TO b. tn. cause Of tho banks present stn-
harrassmcnt II IA estimated that on"-hnii
OF the capital stock Of s2oo.0oo has been Inn
paired by reason Of loans made on paper
without sufficient collateral.
Under the National Banking laws the stock
holders are responsible for a banks Indebted
ness to an amount double the faoe value
OF stock held in their name Acting under
this authority tho directors have called q
special meeting Of the stockholders Tor jan
22 TO vote upon n call OF the Comptroiier
for an assessment Of 25 per cent upon ths
stock, also to CONSIDER propositlon 70 N
crease the capital stock from szoo'0" W
$3UO,CpO ,, -
ducts IL, husnes. ia tho basement OF the
American National Bank building. ana whose
directorate is largely drawn from Ge latter :
,tockhoid"r'. also inirn 70 oIsh ,'S ,ai,n a ,
OF .eycrnl hours duration. ~ us concin.ion
II Briuton made the following sta'e-
Owing to the fact that our cash funds
are deposited In the American NATIONAL BANK
we havo been compelled TO snspend ray- =
mert We expect, rs soon as It's snairs are
flll md hone that they will only suftr
slight inconvenience from possible snort
In reply to a question. Mr. Brinton said be
could not tell for how long q period the M
tinral bank suspension would be forced, nor
how thc s,isp.rsicn, would affect the savingi,
bank when asked II receiVership wouId
be forced urou H. ha said he could not f.re-
cast how the thing would turn out Ire
directors iii meet again on Monday ne
deIositors are for tho most part husslu
about tho door, u the bank during the day.
A. ON. time the crowd numbered vcen
500 and coo and was a!>yCrsCd by the police,
Therc was no disorder and IN" men discussed
The Ciearins HOUSE, Association has been
carving tho American National Bank prac-
tlCAllv ever sino" Dacewber yosr asN
Vice. President Ra'nsav of the Clearing House
of Baltimore had d"re everything IN their
power to save Il. but an examination re-
Gently made showed thar il would be unNs
t. cont,nue lendin. money tI.t in,t1tn-
ion the dppD.. would lose nothing
pr'O,its In Ito american N1iiornl Bsnk
reached their nI'NIwum in 1893. "nen thev
amounted 70 uesriy $4,000 since then u ~
tho last statement OF tie Institution sCondltl"n
was eutui'ted In Cp,uriIarce 10 the cnll ui
tho Cnmrtroller, the deposits amounted u
only s3Ss.2pa During 'hc AdWin'NtrNu3n q,
Rank was civ d"rosttorr. haNns been
selected at the instance ~ Mr.. MniS'e5, " no
VS. a director of 're bank. a. on" me " g
city had on dapo-i' iu the hank about 2G0o"",
learned tNo crrdi ION - tue bank hs insisted
upon witHdT wing ~" cI'v's moT"', hNt VT
irduced to moyc sloulv TO prevent trouhIc.
the cl'r's Finpnce CorfTis ssioreTs, who wefd
Ing It's safety. Gradually every penny was
Withdrawn