Show BANK OF KANSAS CITY FAILS 1 ASSETS TWO MILLIONS liabilities THE AMOUNT I 1 su suspended syria tile punic panic but ho aumerl depositors Depos itom will ile be raid paid in rull lons on macli maasai city march IS with abets estimated bt at and liabilities of lOB 1050 OOOO OK the national dank of 0 kansas city at ail filth fifth and dela delaware re oil ret suspended this morning and will IN uldie and go eo out of 0 busi business rican at it the usual hour of 0 opening the bank a in notices were posted on the door that the bank had bad chocol 11 those un an ments caused no excitement A small crowd gat gathered herdd about the bank hut but it soon dwindled a away way to a half hair dozen loungers and an occasional pass pas erby er by since the publication ot of the banks statement on march bin depositors have been their deposits ami on saturday evening it was apparent to the officers of the bank that they could not carry on business through today to day finless the clearing Clearl ns houam bouso came to their assistance as with a loan A meeting of the clearing Clearl nc holi je association was waa caned called for or esterday which was attended by the che directors of 0 the national Kat lonal banle bank of 0 gansas city Preil ent dent chick said baij saturday we ive paid out over and SAW that we could not meet the demand this morning unless something was done we needed about it to put us ua in good standing of the banks were anxious to help us but buthe the feeling was not general ce and we ive consequently declined the the bank ot of commerce offered to help us but he be lid decided to suspend so co as to pay all depositors alike and no person will have an advantage livery every dei will be paid IR in full rind no one N will lose it a cent we W will endeavor to b have ave a settlement just as soon na as possible A prominent member of the city clearing clearine house Acao clation field bald the liquidation of oc the national bank of kansas city in no wise visa effects affects tile the other banks of 0 this ihla city that the bunk bank would have to liquidate date sooner or later lina ball been known tor for some time when the bank tailed failed on july 16 15 1891 1893 luring during the panic it was waa doubtful then whether or not it would reopen again the current opinion expressed among bankers and others who have anfor meltion on the matter fixes the a amount moll that will be realized by stockholders tit at from 25 to 40 per cent ot of their holdings of stock cashier W A rule of the dank bank of 0 commerce said that telegram telegrams me had been sent out ut by his bank to the country banks who have been customers of tire national bank of kansas city informing them mat chat all drotts on 0 the suspended bank will ivill be hori honored ored 4 by tile national bank of commerce he to la also notifying the wholesale merchants of this city that his bank banic will honor tilde their cheeks checks it if they so desire |