| Show TWO CHEYENNE BAN S CLOSE Failures Attributed to Depreciation of Agriculture CHEl ENNI Wyo July 10 The rhe First National NaCional bunk bank and Th Tha Citizens ens National bank both 0 with deposits o of Lp- Lp ap approximately proximately close I Wednesday The rho First Nation ti I bank failed to open for business this morning and The CItizens Citizen Na- Na Na National closed its doors door shortly alter after The National bank had deposits of o approximately and The Citizens Nations I The liabilities and ra n sources sources ot of the former ormer In the th la statement Issued at the th close ut of Juno June 30 were gli gh given en ol- ol l J-l A notice posted on the door of the First National at the time of Wednesday day red declared th the bank was in the hands bands of the tho Na National bank examiners having been turned 0 over oer er bv by the th action of the board of ot directors The Citizens Citizen National 2 bank was capitalized for tor and a ac- ac according cording as-cording cording to Il Its financial statement on June 30 its liabilities and re- re resources resources re resource sources source i were ere listed as a 2235 2238 each The Th National bank wa was organized In tho the lOs and was aas as one or of the but kno known knon n banking In met met- t- t in Wyoming Francis H Warren United States Stales from Wyoming and law father ln of General PershIng Is 18 vice president president dent of the Institution George Georg r Ii Abbott I Is president In a State stat tate merit ment following the th closing ot of the bank Mr lr Abbott declared that unprecedented depreciation in th the value of cattle catti and agricultural land e e taxation and at- at attempts at attempt tempts tempt to 10 aid the th smaller banks ot of the state stat acre ero responsible for forthe forthe the closing Charles Charle P W Iii l widely known Wyoming cattle man and land land- landowner landowner landowner owner I Is president of The National The bank was nas organized about 20 years ago nn |
