| Show ms AS CITY HA HS mG B fAILURE RE Bank of Commerce aI I a Closed by Order of the Board of Directors LIABILITIES Lee Last Statement in August institutions Deposits Had Been Reduced Half Halft Halff 1 c SU Sa OIt ft f 1 t Jr III cot bo rf rr nau I I pf P fl r B Th Tia ni of Ot lIn an e ef ott r f ih hp In the ih Welt t H pf f r lS iO SOO lo Kl Ita It taken In and nd bank examiner e up tip n c r 1 1 r f th t comptroller ller of If cur curt curr C mall banks I t r t tw 0 h ws WIl r ad ri l 1 ink of ot Commerce and end andruP endl me ruP ru Hank nt of Commerce C l I 1 1 I f r p banks had hid been i r riI days day and ami but little littler r I i pd d I the he ement t c i though crowds of ot poal d f y h i it tout ut the doors of or O those thee i h officials mIe fT of the tM Com h ti h i with many merly 1 I d j in III I other per parts l of f the the opinion that nat r will WH be bl b Vu a K ii 11 to th the withdrawals ml d within the tM petit pet tw twe K 01 f r i ci v u of They Thy ThyI I I reopen i and end say y 7 Oa Tw P b I Hi In hi full fish J T H irks funk lIk were not flOt seriously t 5 I ui 11 t noon and end at several Myral t p I i were wo made wing 1111 statement w ui I p r r M li 10 Dr W 8 Woods o president p N inal Bank of t Commerce for forr r i of directors tor torT To T THE TH PUBLIC lUBLIC nt ti nf H rr t to do no we are arc arcI i to dote tile ibe doom doore of the tb V ID i nc ank Commerce but bul we wein weI in l I Wt oi t been fl a le l to collect Jle money fwu ur ir borrowers borro aR aa R fact foat as am II he name Mine A ug si 10 d fd by our de Iv ty Y unjust and unfounded ru ro JIrou ly circulated 1 f r hla panic we have to ti from to 10 about t C us IlS paying paving out over tho Iho thoi i by b r to t other city and other elite clUes i 1 o of f deposits This of It Iti it I i Ur ui n 11 murce We e have i i i of ot our live It 11 but could l ide Jc against us tie Wt V hope hopet t pen 1 en up the bank in the their ther ir r ur business We Ve e dont donl he be het t t f t i r 1 for or a lepo to tn lose lo ho loW a ar r Wo W tg K J your our Indulgence nce ce and end j til tI ut affairs affair oan be ar arpi pi 1 It of all We Ve Wee Wei i f e e bl the Ihl confidence ne our nur nuri ourt i t mer large larne and small email i n i J q We Ye hope hOPfl to lo show chow i w have b ben en true to tot t f w jr g notice e was wu Wa posted on rf r U bank ank at title this loom O t v t k Ii is I II been cload by h order tM ta t a directors dire lorl It Is I In the theA A J Jj J s T Bradley national i 1 i by order of the thil comp compy compi J y y i nc in LI i been heen in a weakened weak neil i m its I last statement which III 11 1 i l M 1 An AnI Ag 22 last lad At that Ir et S if lh I he bank owed the clear tr t sa 30 to 10 a million dollar dolln I jI 0 dill disturbance cam oarn cams s house hout decIded to t Is Ic r fg rr h huce use c certificates rumors J ii condition In Ill W s P i tIn the lite pmt pact few day 1 of r other national 1 1 rt r wre Waro held and 1 s 3 1 i the Ih bank oi oren open n Were ni t lay y much surprise e wa wal O i when wb the Ih request of ot the ther e r fOI A statement of ot condition i ci was caa pot nM nr responded to 10 promptly tra r it Think Blink of Commerce i si bank banks state st i nr r a healthful condition mi of or the National flank Dank 1 that lt It lilt elate i d i it t be he forthcoming Thu t er distrust In the bank I aIr tT lading r h tire js rl this thus morning the ther r t r 1 decided the they r j the thet h bank h t gf f the National n m Wl h appeared In irr r shOWed h ved that since iI r CI III r of t f AUK Aug 2 lad the tho tie lie I IT t i 1 I n reduced from front it II r V I i M 94 6 4 Th Tb H 2 i t MI to that the tho item ItAm I 11 had been out wu c 1 I The ThO III I t 11 ing follows follow l A t 1111 U 01 fh b c r i IUn iii mp t on Itt Fit Bt d hl haiti I II bonck I Il p l Hru I tA Ia 41 hll I 1001 Oil 00 Jr Fr 11 1 1 Ivd tr Dij 0 hl lie Io h 1 onUI nie I 0 i l taI 17 PItI l AL Ir OMers t I the II S k ar are Dr fl a Wood W st vI vIl PP l enl U 11 vice vie viceA d f I A Rule nul Ill 11 I Inra and ami Ito In Ii I n of lb Ih prim pr m mr r It III oil II Dr 1 r Idem if the Ih Ium In 4 III n I I of IB ill yel Ial r II S I IU ii alii Ia I IOA sink a its lii last leut i tip of f t MI tIde he runt 12 2 i nearly I t 1 4 JI is I I ti ho 1 condition t 1 1 l t 1 tas r th Ih I numerous i i j HI i 1 of ih lb south t II failure 1 Will WillI t 3 I i UI is II r o 0 pw owe J 1 other national bank state stat tal bank and antl tl hankers bank There Thre bad had been no run fun by b local locel tie de e pr alters bitt but many mn of the outside ou III hJ II banks the trouble by b with withdrawing Uh drawing their fund on un deposit with the Commerce The National Dank of lit Commerce was RII a United States depository end and the th August Augut statement snowed showed these Ut the Items among It Ita U 8 L deposits ep ll of U tT S L Ine The Bank Dank of or Commerce was we w Interest Interested ed eu In many man inan local enterprises He Its Indi Individual vidual depositors depositor were wre among the larg largest I est edt of ot f any bank In the Ut city Ha III It state statement tat ment menu printed this morning showing howin holn th the heavy falling telling off ort In deposits deposit drew a Mg ig crowd of d depositors post torn to the Us bank beak ae e early as all a t I evidently Intent on with withdrawing withdrawing drawing their money m n More M re or Us ieee I ex UK excitement followed the Uie news new that thal the be lb bank had be b en n IS closed cl and th the crowd gradually grew In she Mie III until It stopped trifle trainee CASHIERS William A Rule Hui cashier of t the bank blink made the following f statement this morning In th the presence pr of Dr Woods Wood the Ih president The directors director of ot the National flank Bank of Commerce thought It U wa Willi Wap boat bet to At least IlI sI close W We made md the Unlit tight of f our eur lives live but bin conditions were B us tic The depositors will II not lose a cent Dr Woods Wood acquiesced In whit tibet Cashier Cubler tule Itule had hM said calil hi and added You Vou may also 1110 say cay sa that the Com Corn Commerce merce mere Trust company Is III absolutely all u right Its it II statement showed 60 tier per cent of Its It each cash on nn hand James T Bradley of cit Sedan edan Kan Itan na national n national lI batik bank examiner said acid saidI I r have he taken charge of the Bunk Bank ot of Commerce C mm and following fOll n the policy ol 01 r the administration and doing d my duty a 1 hank bank examiner I shall make mk every very effort to 10 set pet the bank on Its It I feet teet I hven t been able abl to Investigate mat fiSt matters Lets as aI yet I cannot annot say day y definitely when the lite bank will reopen T OP OV CLEARING HOUSE HOUlE James Jamell Jam F 1 Downing president ot of the clearing hou house said aId Id Up to yesterday the Bank of ot Com Corn Commerce mere merce owed the clearing cheering house h This Th account was waa settled RUled I consider the failure due clue to lack f conservatism None N ne of lIt the other banks here has hila he found It necessary to ask uk aid Rd of the clearing clearinghouse clearinghouse house houte and I consider them perfectly sound The Th Commerce tailor failure will Mt fleet them HANKS NW W HOME HOMIC HOMKA A new nw home hOffle for far f r the erect effOt erected ed d 4 by Jam Hunt the th New York ar architect 1 at t a coat ot 0 o I ii 1 just nearing completion The was wu to t have hav moved moNt Into the building within a few months month and nd recently had let contract for tor furnishings furnishing One contract was for tor worth of or specially fH furniture let to 10 a It Itc Boston c lt n firm The National Bank Dank of ot Commerce wa was the tb outgrowth of ot th the Kansas Kane Jn City Sir Sav Savings ings hg In organized organised In iii 11 IMS 1865 1 with witha a capital of f was WAIl re reorganised organised In IM lit the Ih association wa a ar reorganised as the National Rank of ot Commerce C with a capital nf t In IR the capital was wal Increased to t Sl 11 In 1 the th Hank of nf Commerce took toot over the Use nf ot the th Midland National bank and the th Metropolitan National bank of t Kansas City In Juno mi IMI the National City bank of New York city was wae wa said akl W to have made mad madan m madean an RII offer niter t is buy 1111 a majority ot or tb Mock Mook af or the Dank BlInk of Commerce but it tt wa we refused Dr W V S Woods president and Wil William U hI Ullam liam llam A RUM Rule cashier cannier C have tun both b tb boon connected with the bank for man manDr year Dr Words Woods ha haa been n Interested in lii many eJ l In hi hla early career he h practised p In tn Paris Pari Mo later he established a wholesale grocery lOtry business at tie terminal of or the Union enlon Pacific railway moving rn It westward with the building of the road rood until he h had reached salt Bait Lake IAk City III In 1849 18 ho established the Roche Rocheport port SavIng bank hank at Mo MoHe MoHe MoHe He came to 10 Kansas I City In tn 1880 for fora Iora a time he h wan wait a it member of nf the whole wile eale tiry goods goode firm of Grimes Grime Wools 14 1011 I i Force ft Co about the same lam time ht ha h engaged In the cattle rattle business In 11 Inthe the tb flack Ik Hills with his him brother broth r James Jame JamesM M I Wood and supplied the govern government government ment with bv beat f for the fort and In Indians dims In the north He ne 11 II is a er In numerous concerns eon lI William A tulo came taine here h from St Louis Loul XI W YORK New Ne York Dec 5 The New Nw York correspondent of or the tile National flank Dank f t Commerce Comm or of Kansas Kanu ean City 1 III the Pint First National N bank An official of that Institution said aid today loday that the Kansas City bank hail had a large Ir credit balance with the National The stock market was wan affected by the tho news new of or f the failure t but not to I a set sar 11 Iou extent Washington Dec 5 II The comp of ot the currency today toda Issued the following r ll statement regarding the of ot the th Ih National Bank of ot Commerce of ot Kansas ICan City The Th comptrollers office ha hR l seen een n that the this officer and director of the lie National Dank Bank of Commerce C of ot otIC IC Cene City CIl Mo decided not to open Its 1111 doors today and requested the national bank examiner to 10 take tako charge charKo until their asset uta could b be e on nn when there I Is strong trone hop hope that Ihal the hank bank may be able to return resume Tills This bank Is I one of f the largest In iii the th west welt Mt and nd In September law last hail had bout about on deposit lt Some Something Something thing like of ot this was wa due Iua duet t It ether bank benk The failure Is Ia doubt douht let laps due to te which have been made on the National Bank Sank of t Corn Com Commerce I Im mere merce m r for th the e banking balance and antl their Inability to 10 realise r on theIr as asset assets s sets set quickly enough ell oUCh to I moot meet t them It t I III too early for the comptrollers office to give tvs ve any ally details detail of the tM lb failure faUre but bt It l Ic hoped h ped that th the bank will willbe 11 b be found solvent to so th the depositors van l be paid In full It If the tb bank 1 III Ia not notable able al to resume rm |
