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Another Bank Caught. The only other bank in Kansas City which was caught in the failure of the First National bank of Topeka was the American National bank of Kansas City, which, it is said, holds upwards of $200,000 of Devlin's paper. It was stated positively today by a leading banker that other Kansas City institutions would not permit this bank to fail. There was no appearance of a run on other banks at the opening hour today. The national bank was organized in 1900, and its capital was $300,000. It has deposits of $1,476,648. Edward Crebo is president, and James G. Stream cashier. Act of the Controller. The bank was closed under instructions from the controller of the currency. The controller had yesterday, it is stated, informed the officers of the bank that it must take up the $200,000 in bad paper immediately or they would not be permitted to open today. The bank was examined last night by a committee of local bankers, who reported at the meeting early today that the affairs of the institution were in such shape they would not feel justified in extending assistance, although the holding of Devlin's paper, upon which no immediate realization could be made. was the prime cause of the failure. It is stated of general knowledge that the bank had other bad paper and was in a weakened condition, which had led to a gradual withdrawal of deposits. Repairing Its Capital. From another source it was asserted that when the City National was ordered to repair its capital several months ago, the needed funds were borrowed, not from local capitalists, but from certain New York banks, but what institutions it was not disclosed. Examiner Ames said today it would be impossible for him to talk at this time either regarding this statement or the other affairs of the bank. The bank's officials likewise declined to issue a statement just now. Depositors in Medium Circumstances. The majority of the bank's depositors are persons in medium circumstances, two-thirds of whom live outside Kansas City. There was no exeitement at the bank. Less than a dozen depositors appeared to withdraw their money. Failure in Milwaukee. Milwaukee, July 20.-William Gerlach & Co., malsters, today filed a voluntary petition in bankruptcy. The liabilities are $167,000; assetsfi $71,000.
