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Show Financial Par :i in Indianapolis. - iNDiANAPOLiSjf February 1. Ritzinger Brothers' bank, established in' 1867, and which has done a large business among the Germans, did not open its doors this morning. morn-ing. The proprietors, Frank L. and August W. Ritzinger, made an assignment; the papers pa-pers were executed after midnight. While there had been some talk affecting the standing stand-ing of the bank, it was not generally discussed, dis-cussed, but the rumors have been widespread enough to affect the bank's customers, causing caus-ing a falling off in its business to such an extent as to necessitate a suspension of business. busi-ness. The senior partner, when asked what caused the assignment, said the bank had been talked to death; while there had been no run on the bank, old customers had dropped off. As yet no statement of assets and liabilities would have been made. One of the attorneys says the assets will amount to between $300,000 and $403,000, but muoh of it is in real estate, not easily convertible. He would express no opinion as to the liabilities, lia-bilities, but they amount to a great sum. The suspension- naturally caused much excitement ex-citement and some feeling among depositors, deposit-ors, and a great crowd has surrounded the bank's doors all morning. -, A run has begun on S. A. Fletcher & Co.'s bank, but it is hoped and believed they will , be amply able to weather the storm. This bank is the oldest in the city, and is regarded re-garded as one of the most substantial. No effect has been felt by the national banks. . |