Show R K FARM rational lat I 1 ional m al buk bank of if kum city TRE THE LOSS OF DEPOSITS resources over two mill abilities a million franklin savings bank KANSAS CITY mo july 14 the Nat national lonal bank of kansas city suspended payments this afternoon and is ia now in the hands of the comptroller of the curn cur the assets President Pre aident J 8 chick paid eaid would be between and and the liabilities between tSOO and he is ia confident the deposit ITS no will be paid dollar for dollar president chick said the suspension was due to a steady withdrawal of deposits sits since the beginning of the financial stringency we vve began to lose deposits early in fa may he said the demand onus on us went along until the failure of the abe savings bank ehst abt tuesday and every day since then the withdrawals of deposits hava been heavier Ws we thought we could get through today but we were forced to quit just five minutes before the usual time last night we asked the clear ing house for help and that fact was tle t le graphed to creditors and depositors out of towo town and caused iha run iun to be hF heavier avier we asked for ample aid fram from the clearing house and this morning we rece received ivd Orders for cu rency came in so heavily however that we could not possibly fill them the national bank of kansas city had a capital stock of 1 1000 0 the last statement on may jtb showed a surplus fund of and undivided profits of ef lt it has outstanding loans of about 3 four t I 1 the other national banks in the isia city cily publish tonight to night a rep report of their condition at the close of business juar and all of them being ex 4 optionally favorable they are expect ed to allay in a great measure the uneasiness caused by bi to days failure As a result of the failure of tho the national t ions I 1 bank of kansas city today the franklin savings bank this evening made de an assignment for the benefit of ita credits the latter bank ch cleared ared through the kansas city national and considerably consider abla of its monay money is tied up in the batters lat failure the bank carried a line of deposits amounting now only to the assets are considerably I 1 in excess of that sum |