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FIRST NATIONAL BANK SUSPENDED BUSINESS BOARD OF DIRECTORS OF FULTON INSTITUTION CLOSED DOORS WEDNESDAY A. M. DEPOSITORS WILL NOT LOSE No Irregularities But General Business Depression and Lack of Money Given as Cause. The First National Bank of Fulton suspended business Wednesday morning, April 14th. This action was taken at the direction of the Board of Directors of the bank at the conclusion of a conference held at the bank, Tuesday night. Vance L. Sailor, of Kirkwood, bank examiner of the Eighth Federal District, is in charge of the bank. He came to Fulton Saturday morning at the request of the officers of the bank and began an examination of the books of the institution. John S. Wood, his chief, spent Sunday and Sunday night in this city going over the affairs of the bank. "On account of general business depression and scarcity of money in the country it has not been possible in recent months to keep deposits up to a point where the bank could make money," was the reason for suspending business at this time as given the Fulton newspaper men in a conference with the bank officials Wednesday morning. "It was deemed the best way to protect the interests of the depositors and of the stockholders," they continued. The last financial statement published was of December 31, 1925. At that time the bank had individual deposits of $179,965.96. time deposits of $78,536.37. Mr. Terry said that the individual deposits were about $170,000 at this time and that the deposits were approximately $91,500. The bill payable, including notes and bills rediscounted, were $144,000 on December last and Mr. Terry said these figures were substantially the same now. The bank has a capital stock of $100,000, surplus $40,000 and undivided profits of about $6,000, making a total of approximately $146.000. Efforts are being made for the reorganization of the bank and until every effort has been exhausted to perfect this reorganization no receivership will be requested. The bank was suspended by the Directors and will be held in this condition pending the reorganization. The directors of the bank are: T. P. Harrison, president: Baker Terry, vice-president; Crockett Harrison, vice-president: John W. Suggett, cashier: W. S. Vivion William H. Yates and Dr. C. H. Christian Mrs. Pearl Gooldy Ward and Miss Emma Adcock are assistant cashiers Mr. Vance, the representative of the federal bank commissioner charge of the bank now, was not permitted to make a statement to the press because of regulations of his department. The statement was made to the newspaper representatives Wednesday morning by bank officials that there were no irregularities in the accounts or affairs of the bank and that no one employed in the bank was indebted to it. Officers of the bank also say they are sure there will be no loss to any depositor of the bank. The appearance of the notice on the door of the First National Bank at opening hour attracted the attention of those passing and of those wishing to do business there. However, there was no semblance of excitement on the streets and the busi ness of the city was continued as usual. The willingness of the bank officers to make an explanation of the closing of the bank and the fact that it was done by Board of Directors, coupled with the assurances that the depositors would lose none of their money, allayed all excitement. If you substitute lard or drippings for butter in a cake recipe add a little lemon juice. You will not notice the change in flavor nearly as much.