| Show mm mi NA TL BANK BANE SITUATION Bank and Financiers Who Are Trying to Out its Iti Affairs Attain ITS EXISTENCE IMPERILED Bases Aa AiU n Mm Nail to neep 1 Nsw New aw Tot T York Oct Orl It A perplexing pel t et sit hi ii bein ts by hy the bankers hAIr and lra we are trying to tot tott t out the affairs affair In of the I Ie Mer Mercantile ut e cantile nt National has haM nd sad to divorce it completely from any a with II r ip Augusta Auau H Iii Ita I president dent denu With the tIona of UM Its It en eft entire entile tire tile U board b ald of direct dl dI In the hinds handa of the till clearing hoes h that institution appeared to control MM situation and nd wee waa committed to tim the t task of putting potting the tM hank bank he nil on a C firm mt Vat fat this th purpose PUI oM nine flint Clearing house h backs had bad Promised to c each Nell to tile tide o the bank over er r say aay u distress o Which II It might maht aa U a a result of the th of 01 Otto a Co en and find U it In IR P F Augustus Atu desire Ire to reestablish that tt Oem aim TInS The clearing house commute committee held a meeting tI today tody to consider the of ot ottile the tile Mercantile National bank baDI It was waa reported report that I h I titers there t waa we a hitch In Inthe Inthe Inthe the arrangement to 10 the thc th banks banke future tutu due It II WHit was said Mid to I ti a 1 of W v Mote und and hi his friends friend to consider con their resignations from th the directorate aa as 11 permanent clearing 1111 committee w was wa In n nIon Ion only H a I short horl tints time At the von eon elusion of the thu h Manager of the tb clearing rl houe hoo said ld that the tI debit balance Ia of f the h bank blink this thin morning wa we w a t Mr Sir r Shearer said aid tin iho hI n wis Aa IK no iwi doubt that It would bo hi paid Id t tb Ih hi gunter part by It the clearing binks One Oni of the r l I Ort re asked kd Mr Sir hearer hear the amount of the debit bal bi balance acer ance of the National Bank of North America of ot which I W Morse Morae to is pie pree p Ident Mr replied that It UH w wits about The continuance of or the Mercantile banks bank existence depend largely upon It its 1111 own resource The he Clearing RoUse B allon It wa was early eart today I is not to render rt further aa as unless un I It how bows increased ca capacity padl to tn help itself HIt It The feeling la is Influential quarters quart ono la I a that t at the th hunk bunk may m yet he hi compelled to go it I Into It li liquidation but that tb t the deposItor will willbe willbe be paid In I fUll fall Washington Oct ot U of at atthe the Currency W B Ridgeley RII today declined the tho presidency of lit if the th Met Mer Mercantile er cantile National bank of ot New York Tork |
