Show I MERCHANTS MERCHANTS' DANK BANK I TO BE NATIONAL New Officers Plan to I Increase o Capital i-i i and Apply for Charter With JUt the tho now new officers taking charge of ot the Merchants Merchants' bank yesterday they thoy began beg Immediately to plan for tor IncreasIng Ing- Ing the capital stock from to to enlarge c their quarters and to prepare for applying for a charter as aa a national hank bank Harr Harry P. P Clark president of or the Merchants Merchants' hank bank was teas In direct charge e. assisted by J J. J C. C Dal Daly and V. y H. H Shearman while A A. H. H bod Peabody Pea Pea- bang body vice president of ot the tho Merchants Merchants' bank remained nned at nt the ilme Commercial National bank to close up Tho The up his affairs pan pany Y has Continental been ol National Bank compan com coin he the heY organized to take lake over o business of ot the Commercial National bank when the charter of or the old and Institution expires tomorrow nl night hU no appointments to the places of oC cashier and first and anti second assistant cashier will be bo ma made e b by the Commercial Commer Commer- cial National These places aces will be filled Friday b by the Continental tai National The Continental National will include holders practically all of oC the time present stockholders tock stock of the Commercial National and I tho tiro capital tal stock of the new holders will be and two new company stockholders stockholders stock stock- will be bo represented In the increase In Increase In- In crease In capital stock The Thc deal whereby Mr Clark Mr Pen Pea Peabody bod body Mr 11 Dal Daly ant and Mr Shearman bought the lire Chandler Interests In the thc Merchants Merchants' Na National lIonal was started Sa Saturday afternoon afternoon after after- noon and closed Monda Monday afternoon while tho organization of ol the thc company compan which has applied for fOI a ne new charter 10 io continue tho the business of ol the Commer cial National has been on for tor some time The first Important to b step be lie taken by the chants chants' new management of or the tho Merchants Merchants' Mer Mer- bank will be to comply with the thc state law which requires advertised adver adver- notice of oC Intention to Increase capital stock Following this tho the stock will be Increased to 2 and application made for a charter Tho The officers of ot the Institution tele telegraphed last night ht to Washington ton asking for tor application blanks for tor a national charter barter |