Show THE BANK FAILURES The First National Bank of Kentucky Surprises Enslnsss lien AN out JiiiMA HANK CLO IDA ID-A Mluntsoln harlngi llauU Hits a DcJ of Assignment I nuio of the 1 ruble NMMOKT Ky Jan 18 The failure of lire Flrcl Natlortnl hank ot Kentucky lo open Lhla morning was asurprleo to buiinesi mon i of the city WillIe the itatemeut was given out by otJlcara that uo one wool lose nuythhf Ihero were all sorts of rum in tlylng about PoW ilely the lotegrliy of the ottlorrs Is aunt that uo gcsllon 01 wrong doieghaa lOlod credeaee Ihe 111 ovldeece 01 weohoee wa the roual of the oltleere to pay on Saturday af leruoon l5UUO to the treasurer of Ihe Bell school board which ho re cnlly depoilted and slnco had been dvlsed tu draw out 1 Cashier T II You toy has been with the bunk slice Ita organization 1875 TOn opllal stork Is I 2uUOUU Ihe president Is John Trapi viccpreal dour Joph Wrlgbt lrt5denl Teupp who wus elected lot toll 110 the place of Henry Ouukol who retired ou cccuut ol ajTonuuJ years Iaoreeh dent of DiyloD Ky and one of the tealtblest moo lu too country A HAD emnviNci LoDitviiLK Ky Jan ISNalloo ci 1 Hul EuOlotr lii otl t10501Db Ing closed Ibo Uerm n Natloual INnlc J M Molt Igthf IfooldoOl Ino capitol took is 1 81500 with u surplus ot 31000 The bauk 10 I an old one bul lot Homo limo I ba been regarded uu ole The lat statement UMiod by 111e bank December 17iu 18011 mode avery a-very baU buwlug trio IweolyII per cent rule hat been violated by about eight per gent Under thu head of resources I was ulveu out that mo bnik held JllSO In socuri ties stocks eto Inu was vcrv uaeatlslactory u Ibo ot colon woo not considered deflulto enough Blnco the stmuuient nus liiuoJ tho withdrawals have beon eta y Iresl dent MiiCuluht was for jean prominently prom-inently Ideu IBed wiG tbu banklrg buiiuesmmd Involve In a number of nubIle fluauclal 1 operatloor The statoulent ol President Me Kulgbt ssy the depcsllois will to paId lu foil aol tIe ttbold probably prob-ably will raorgani the bauk Ooorla Vuu zy a brother 01 thin maIler at luu uirBfc iniouai flunk a lgned Individually to theCovln too Trust company Phi tilandard Carriage Supply company 01 which Jeorge Xoulicy was president also astlgneil lo thu Covlngiou Trust corn pony The capital sto < k of the Bland urJ company la 50OUO The assets sod llabilltloi of the Standard coin tony and tieorge Youtzey Indl vldutlly are not given Ibe dl 1010 wr I 15mm ion all dy Halurday on which dsy the bank opened with only 57500 in Us vaults At that meeting Uashlsr moUol Chle Youtzey resigned and Ibo resignation wag promptly accepud Tue banks In Covlngton agreed Saturday to loan the taantif 60000 but Ihe latter proposition propo-sition wan declared oil File directors II U Uunckel Jou1 Urlese J 1i3 UcCraoken George Vuuliay Ubarlea Hplnkr J A Winter John TraIl Charles Wledemanu and Jo Wright all oflered to give their Individual endorsement en-dorsement for 1230000 liabilities but nosh could not bo secured tug MINNESOTA STATE 8AN1NUS DANK BT PAUL Minn Jan 18Tbo Minnesota Stale Havings bank closed this morning and flled a deed 01 as elgnrneut namlm William Hickol as assliner An atlldavlt was tIled Iat I lug that the annIe would amount to about 25000 foe liabilities I I I ireiu i the neliibborbood 01 230000 Tbe I oftlcen of Ihe bank deemed this step lo the best way union the circumstances I to protect the depositors A recent Hurry In banking aQalrs caused the withdrawal of deposits to such an extent ex-tent thai although the bink required 60 days notice III was unable 10 ratio enough ready money tu meet the Demands |