Show I ST PAUL DANK CLOSED I The National American Will Not Open Today ST PAUL Minn Aug 3The National American bank of this city will not open its doors for business tomorrow morning This step was rendered a necessity neces-sity by the steady drain upon its I resources For several months depositors having withdrawn 1662000 since January Janu-ary The present financial stringency has made it impossible to realize ready money on its assets which are in sufficient suf-ficient amounts to meet all withdrawals and the directors today decided to close temporarily in order to get the affairs of the bank in better shape The bank has a capital stock of 2000000 with a surplus of 200000 The deposits 1 amount to 2400000 and the bank holds Ibis I-bis receivable aggregating 4000000 The assets are more than ample to meet all liabilities The officersannounce that I they will pay all depositors with interest so that no loss will be sustained |