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GONE TO THE WALL American National Bank of Denver and Various Commercial Firms, Denver, Colo., April 22.-The American National bank failed to open this morning, the directors having decided to liquidate. The step was taken on account of internal dissension. It is said that all the depositors will be paid in full. Joseph T. Hill is in charge of the bank on /behalf of the government. The condition of the bank has been weak for a long time. At the last report, March 6, the total deposits were $1,451,291; loans and discounts $1,128,271; cash on hand $232,265; capital stock $500,000; surplus fund $150,000. The assets amount to. $2,245,175 and it is claimed that there will be but little trouble experienced in realing on them. There was a run on the Bank of Commerce which ended about noon. All demands were promptly met. At the other banks the deposits exceeded the withdrawals. President John R.Hanna of the American National bank in a published statement over his signature says: "The shrinkage of deposits and but comparatively few new customers to replenish the loss and the inability to collect our bills resulted in our inability to continue our business. I believe the depositors will eventually receive the entire amount due them. We have $650,000 excess of assets (exceeding our capital) over our liabilities. The stockholders also may be assessed $500,000 more, if necessary, to pay the depositors. With this surplus I cannot see any loss to them." D. H. Moffat, president of the Flest National park said that the failure was a weeding-out process which would not have any disastrous effects. The Denver clearing house offered to advance $300,000 to tide the bank over the crisis in its affairs provided the leading directors and stockholders would become responsible for the sum by signing the necessary papers. It is said that none of them except Thomas M. Patterson would agree to this. It was then decided to close the institution. John R. Hanna, president, and Howard, cashier, of the American National bank, were arrested late this afternoon on warrants from Justice Chapman's court charging them with receiving deposists after the bank was known to be in a failing condition. Both were released on bonds. Syracuse, N. Y., April 22.-T. C. & J. C. Miller manufacturers of knit goods at Baldwinsville, have made a general assignment. The firm declines to give the amount of assets and liabilities. Preferences are made for $66,000. Cincinnati, O., April 22.-The piano firm of Crawford, Ebersols & Smith assigned today. Their liabilities are estimated at $800,000; assets $1,000,000.
