Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-12-06
| I|NCHARGE OF EXAMINER AAVEMEYER HAS GONE.
Doors Of Large Financial Insti-
tuition Closed.
LIABILITIES ARE LARGE.
SssionsI Bank Of Commerce. Leading
Monetary Enterprise Of Kansas City. 10
Embarrassed to Such an Extent Thst
II Hss to Shut Down.

Kansas City, Dec. 5.--The National
Bank Of Commerce OF Kansas City fail.
cd TO open Us doors Thursday and IA
the hands Of national bank examiner.
The bank 10 one OF The oldest here and
's the largest financial institution IN
the city The following notice wn1
posted on the door az $3.50 Thursday
morning: This banK has been clored
b. order OF the board OF dlrectors
II = In the hands OF James r. Bradlfy
national hank examiner. BY order OF
the comptroller OF the currency"
The bank has been In n weakened
condition Stree IT'S last statement,
which was issued Aug. % last. At thsf
'ims " was stated the bank owed tse
Hearing house close 20 $1,000 .001.
When the financial disturbance care
and the clearing house decided 70 r..
tue clearing house csitificnfcs rumosq
tegard' " the hanks condition were
iurrcnt. and the Gle clrlng house In tho
past few days held several conferences
with other national baking Officials
here In connection with the matter
and means of keeping the bank open
were discussed. Wednesday much
surprise was expressed when the re-.
quest OF the comptroller for a state
ment OF the condition OF banks was
not responded 10 the National Bank Of
Commerce. Other local banks pub.
iished statements showing n healthy
condition. but the officials OF the Bank
OF Commerce announced Its statement
would not be forthcoming until Thurs.
day morning. This created further dis.
trust In the banks cnrdition. and after
conferences lasting into the early
hours Thursday the clearing house
officials decided they would not aid
the falling bank.
When the statement OF the National
Bans OF Commerce appeared II show
cd since the statement of Aug. % lest
mar. deposits had oefn reduced from
close TO s35.o00.O00 10 sis.ss2 .sea. Tho
statement showed also the item a.
loans and discounts had been cut down
100000.
The princinal offic rs OF the Nation.
nj Bank or Commerce are Dr. W. 2.
Woods. president: W. ". winiants.
vice president: and W. A. Rule. cash.
Ter. Its directors and stockholders In.
clude some OF the most prominent men
In the CITY. DIR. Woods is also prenl-
dent OF the Commerce Trust company
OF Kansas City. whi.h institution u
believed TO be IN sound condition.
James r. Downing. president OF the
New England Natio-ai hank and head
OF the Kansas City Clearing House as.
scciation. expressed the belief that the
failure OF the National Bank OF Com.
merce viii not involve deeply any
o;h,r Kansas City institution.
The National Bank of Commerce
held deposits Of mum ,rous small banks
IN this part OF the southwest. On Aug.
| Y owed other banss s1s3se. .s50. aud
state banks and baakers es.sls.Ss5.
There had been no ;un by local de.
posiiors. but many outside hanks
caused trouble by Withdrawing funds
on deposits.
The National Bsns OF Commerce !
was United States depository. The
banks Individual depasitors are among
the largest of any bank In the city.
Its statement just printed. showing n
heavy falling off In deposits. drew 4
big crowd OF deposi,ors to the hank
as early as 2 O'Clock. evidently intent |
upon Withdrawing their money. The
crowd gradually grew In size until 2;
stopped traffic.