Show A TRUST COMPANY FAILS A banking concern in kansas closes down ATCHISON ATC kan march 10 16 A sensation n bation was created last iii night bt when areline tufts of kansas city appeared here and took possession session of the kansas trust and banking r company as receiver receiver the company was organized in 1886 with a capital of ex sena tor john J ingalls is president bf the company R af M manley vice president E G almsley Arm sley cashier the principal part of tile capital was furnished by and family and ingalls In galle the latter had invested manley these amounts are am lost the liabilities bili ties are and the assents it is ia believed if 11 properly managed will pay in full the bank baso has 30 acres of land and large tracts and lots in the principal towns and cities cl ties of the state residents of atchison have il invested in the concern secured by debenture bonds of conjectural value it is believed the decision of andsley Arin to withdraw hastened the ersh crash manley fanley 1 is practically bankrupt the application fur for a receiver was made by L F baird of kansas city in the united states court at topeka R 11 manley was present and confessed judgment for including to the estate of george manley ley for advances on which lie he became personally ally I 1 responsible no other conn is involved in the cra crash kh it is beli believed ved that nobody except the he stockholder tock holders will lose anyta anything ling i the trouble is partly due to em barra two years vears a ago 0 0 when many loan companies went vent to the wall and this one was saved by bv borrowing heavily no money was wag on dep osite as the company did not do a general banking bu business S iness |