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PICHER BANK QUITS BUSINESS SUDDENLY Powerful Business Faction in Mining Town Said to Be Responsible. TWO RUNS MADE RECENTLY Short Time Ago an Attempt Was Made to Assassinate the Cashier. Special to The World. MIAMI, Nov. 15.-The First National Bank of Picher, a nearby mining town, closed its doors at 10 o'clock this morning to await the bank examiner. Less than a dozen persons gathered about the bank all day. Bank officials refused to say what caused the bank to close an hour after it had opened for business. Behind the closing. however, is a fight between two business factions of the town which was responsible for two heavy runs on the First National recently. One official admitted today that only a few weeks ago a run was made on the bank hich sent its deposits down from $700,000 to less than $200,000. The bank is located on Second and Congel avenue, and several attempts have been made by business men on Main street to located a bank there, and the closing of the bank today was said to be the outcome of a squabble between the two rival groups. The bank was capitalized for $100,000. It was the onyl bank in Picher. B. L. Connell is president and C. W. Rogers, vice president: W. B. Bunham is cashier. Until recently C. W. Rogers was cashier. He disposed of his share only recently to Bunham after an attempt had been made to assassinate him while he was sitting in his home in Baxter Springs, Kan.
