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Show BANK'S SUSPENSION CRAMPS PITTSBURG P.yTTSBUIJCr, lay IS With 'more than a million and half dollars ot its funds tied up indefinitely as a result of the suspension of tho Allegheny National Na-tional bank today, the City of "Pittsburg "Pitts-burg finds itself 'confronted with the possibility of being forced to isuc bonds to raise money to meet current expenses, a formal elTorr. to withdraw the money was made lyv City Treasurer Steel, after the announcement of the suspension was made, but the check was not honored. The suspension of the bank leaves tho cit- with practically no immediate availablo funds. William Stewart, president of the defunct de-funct bank: Walter Chess, one of the directors; Thomas Evans of the Mac-Beth, Mac-Beth, Evans Glass company: Robert McAfee, secretary of the Commonwealth Common-wealth of Penns3;lvauia. and William Montgomery, the defaulting cashier, aro security for the city deposit, and each is liable to tho amount of $500,000. State funds to the amount of half a million dollars were carried in the bank. The state fund, however, is se-curod se-curod by bonding companies. The Fidelity and Trust company of Maryland and the United States Fidel-itv Fidel-itv and Guarantee company are under bond to the stnte for its deposits. "There is absolutely not the slightest slight-est doubt of the slate receiving every penny of its deposit," said Treasurer Shcatz. |