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nk was capitalized at $50,alf of which had been paid rs that when the state bank. tment first commenced an on into the financial affairs titution that it was positive. that the bank should meet ral requirements and that d be complied with at once. hat the directors should pay stitution the balance of the tock, which amounted to like $25,000. At a meeting ectors last week this money tically subscribed by the as a sort of voluntary subeach director agreeing to share of the stock with the of one. The matter of seS fund was left to a comnsisting of two of the did the sum of $24,000 was n cash and this has been and is now in the big vault k's safe. It was the intenel board of directors to turn y over next Monday as the the bank. ording to the statement of el directors "the public has dence in the institution," iday the drain on the funds nenced by the depositors. , close of the banking hours leveloped into a depositors' onsequently there was nothdo, but to inform the state t of the condition of afng to the statements of seve directors made to the Banday morning it is their poson that not a depositor will t of money. "The bank is condition financially than 'e," remarked one of the dia an interview during the aranty Savings and Trust has been in existence in Mt. r several years. Later the 1 absorbed the Farmers' & s' National bank and was 1 one of the sound financial is of the city. nk up until its failure on morning was the depository y funds. In addition to this e depository for the city education, the trustees of ownship and several other in the county and likewise itory for the Sinking Fund Commission. The last stateved that there was deposited stitution $102,000 in various ds, but at the present time nt is somewhat lower. One
