Show BARK BANK LIKELY UKEL Y TO RESUME Failed Kansas City Institution Not in Such Bad Shape Accord According According According ing to the President Kansas City M l Dec 7 Dr W Yo S Woods president of the National Bank of ot Commerce which closed its doors Wednesday owing Its depositors close to asserts that the bank may resume business within a short time Ume Dr Woods early today after a meet meetIng meetIng meeting Ing of directors of the bank that lasted late into the night said It Is the sentiment of the board of ot directors that the bank resume busi bUEI business business ness and Indeed I dont see much that thatis is in the way of resumption We Ve can meet m ct all the federal requirements without any trouble We Ve will be able to show that our capital Is unimpaired and that we can easily meet all obliga obligations obligations obligations S We Ye closed with practically 30 cents on the dollar cash and exchange on hand 5 cents more on the dollar than the national banking laws require We Weare Weare Weare are paying out nothing now no and the receiver will collect very fast It lt is reasonable to conclude that it wont be a great before he has collected 20 per cent more giving us 50 cents on the dollar That would be bo a good cash reserve plenty streng enough to I open with Dr Woods insists that the j surplus and undivided profits of the bank will pay several times over what I bad paper the institution may have |