Show NEW NEY YORK YORI BANKS CLOSE THEIR DOORS L New Amsterdam National and Mechanics and Traders I Quit Business New cw York Jan 29 The Thc The New Amsterdam Amster Amster- dam National bank was closed tonight by bJ order ot of the comptroller of the currency cur cur- rency In Washington and the directors of the Mechanics and Traders rs bank decided de- de de decided cl not to open tho doors of their institution In Institution In in- or those of or an any of Its eleven branches br in Brooklyn tomorrow V The rhe New ew Amsterdam formerly was one of tho the chief chic links JInks In the chain of W. W Morse banks 8 con controlled troll ell by Charles To th that t fact Mr Ir Kinsman Its president president dent attributed its collapse At t tho the offices of the local bank ex examiner ex- ex tonight the following statement state state- mont ment T w Issued William comptroller of the tho currency at the tho request of Its president president prel dent lent ordered the New Amsterdam National National Na Na- bank to b be closed and ond directed the thc New ew York Tork bank examiner In Now York City to ta taco c charge of Its Us affairs pending the appointment of or a receiver The president of the bank Informed the comptrollers comptroller's representative that one- one halt lf of the banks bank's cash reserve had been b by withdrawal al and payments pay pay- ments in tho course of or tho the day n and It was wall feared that further heavy demands deman s would be made Thursday which the tho b bunk would not hot be In a position to meet Last October Just previous to the upheaval upheaval up up- In the financial world the tho deposits deposits deposits de de- de- de posits In the bank aggregated about Neither the closing of the Now Amsterdam Am Am- bank nor the decision to close chose the Mechanics and Traders astonished banking and financial circles Neither elther do the they mark the beginning bes of ot any new flurry furr In monetary affairs They The are arc merely the n natural outcome bankers said sail of the disturbance of last fall all from which date the banks had been Und under l' l suspicion The liquidation of these e Is not likely to affect an any other bank |