Show TELEGRAPHIC J BankS In Trouble Indianapolis lOLarge crowds gathered gath-ered around tbe First National Bank and the Indiana Banking company an hour before opening time this morning At 945 the door of both banks were still closed The announcement has just been made that they will not open for two or three bourn The directors of the First > atiouol 1 with several largo and Influential capitalists of the etate met at 8 oclock this morning and are still in session but nothing has been made public Both the suspended banks remain closed The following notice was pos ed on the door of the First National The board of directors are in session considering con-sidering what is beat to be done but have not Arrived at any conclusion The board of directors of the First National Bank adopted a resolution at their meeting this morning to double the Hook of the bank to 810000 instead of 100003 providea the eyndicite held by MrD Pau and MrEnglish waq formed to lake the management and controlling of the amount of block A paper was drawn up to this effect which was signed by nil the directors and ttockboldors present and a committee was appointed to gel the consent of stockholders As eoon as this consent is completed it is understood under-stood a new party will coma into the concern that will make it one of the strongest financial f institu tons in the country It may take n tow day to do this and gather m the required re-quired amount of currency but it maybe may-be done in a few hours Other banks alto bald a meeting this > morning and agreed if the proposed syndicate was formed they would effjrd all assistance to the First National that might ba required It may Da said therefore tat whilst it is unfortunate that any tiouble occurred there is really no reason for alarm and thst ultimate good may result from it in giving tho bank increased strength Very little information has been obtained ob-tained as to what the Indiana Banking Company may do but it is probable they will be abe to resume also l in a very short time There has ben no extraordinary extraor-dinary demand on any other banks for funds today Wafhington llTbe Acting C mp troller of the Currency has instructed the State Examiner to look into the condi tii rn of tile First National Bank Indian opolis and report |