18-0052
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Branch Institutions Fail. Kansas City, Mo., Dec.. 5.-Two small branches of the National Bank of Commerce, one located at the Union stock yards and the other in the wholesale district in the west bottoms closed their doors this morning. They were the Stock Yarks Bank of Commerce, with deposits of $300,000, and the Union Avenue Bank of Commerce, with small deposits. There were no runs on the other banks, and deposits were made as usual.
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BIG BANK FAILURE NATIONAL BANK OF COMMERCE OF KANSAS CITY SUSPENDS. This Was One Of The Largest Financial Institutions In The West And Had Sixteen Millions On Deposit. Kansas. City, Mo., Dec. 5.-The National Bank of Commerce, of Kansas City, Mo., one of the largest in the West, with deposits of $16,000,000, closed its doors today and was taken in charge by a national bank examiner upon an order of the comptroller of the currency. Later two small outlying banks in which the Bank of Commerce was interested, the Stock Yards Bank of Commerce and the Union Avenue Bank of Commerce, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement of the news. although crowds of depositors gathered about the d'oors of these institutions. The officials of the Commerce, which is affiliated with many banks here and in other parts of the Southwest, express the belief that none of them will be seriously affected.
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FOUR S FAIL. National Bak of Commerce Among Thos Forced to Close. Kansas Ciy, Mo., Dec. 6. - Four banks of th city, chief of which is the National Bank of Commerce, closed their oors and were taken in charge by anational bank examiner, following insructions of the comptroller of the cerency. The smaller institutions fored to close are the Stock Yards Bank of Commerce, the Union Avenue Ban of Commerce and the State Bank ( Argentine, a suburb. In a steadyrun of six weeks the National Bank f Commerce had paid off $19,000,000 f deposits, reduced its loans $3,500.00. cut down its cash resources $11.20.000 and sold $2,000,000 of high gradebonds. Chicago and New York banks ffered substantial assistance, but offers of the bank saw no prospect thathe steady drain would be checked en with this assistance and decided / suspend. Of approxiately $17,000,000 in deposits tied ujin the suspension about $12,000,000 llongs to out of town banks and $000,000 to Kansas City residents.
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CLOSING OF BANK'S DOORS CAUSES NO DISTURBANCE By Associated Press. KANSAS CITY, Dec. 5.-The National Pank of Commerce of Kansas City, Mo., one of the largest in the west, with deposits of $16,000,000, closed its doors this morning and was taken in charge by a national bank examiner upon an order of the comptroller of the currency. Later two small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, and the Union Avenue Bank of Commerce, also closed. The failure of these banks had been expected for several days and but little excitement followed the news of the failure. The failure is laid to the withdrawals of outside banks within the past two months of $18,000,000 of deposit. They ex. pect to reopen soon and say depositors will be protected in full. Other local banks were not seriously affected up to noon and at several banks heavy deposits were made. .The State bank of Argentine, Kas, suburb, with small deposits, closed its doors early this afternoon following a run. The stock in this bank was owned principally by the National Bank of Commerce of Kansas City, Mo.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement.
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BANK TO REOPEN. Plan to Buy Kansas City Institution from Receiver. KANSAS CITY, Mo., Dec. 9.-Arrangements were practically completed today for the reopening tomorrow of the Stock Yards Bank of Commerce, which failed last week following the closing of the National Bank of Commerce. The institution will be bought outright from the receiver of the National Bank of Commerce. This will be the second bank to resume since the flurry last week. The directors of the National Bank of Commerce are working hard on a plan for the reorganization of the bank, and hope to make a sufficiently good showing.
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STOCKYARDS BANK OF COMMERCE TO RE-OPEN. Kansas City, Dec. 9.-Arrangements were practically completed today for re-opening tomorrow morning the Stockyards Bank of Commerce, with deposits of $250,000, which failed last week following the closing of the National Bank of Commerce. The institution was bought outright from the receiver of the National Bank of Commerce. This will be the second bank to resume since the flurry of last week. The directors of the National Bank of Commerce are working hard on a plan for the re-opening of that bank and hope to make a sufficiently good showing.
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Stockyards Bank to Resume. KANSAS CITY, December 9.-Arrangements were practically completed today for the reopening tomorrow of the Stockyards Bank of Commerce, deposits $250,000, which failed last week following the closing of the National Bank of Commerce. The institution will be bought outright from the receiver of the National Bank of Commerce. This will be the second bank to resume since the flurry last week. The directors of the National Bank of Commerce are working hard on a plan for the reorganization of that bank, and hope to make a sufficiently good showing.
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SUSPENDED BANK RESUMES BUSINESS Subsidiary of National Bank of Commerce of Kansas City Re-OpensPlenty of Assets. Kansas City, Dec. 10.-The Stock Yards Bank of Commerce a small institution that closed when its parent bank, the National Bank of Commerce failed last Wednesday, resumed business this morning with $80,000 in cash and sight exchange on hand against $120,000 of deposits. The Union Avenue Bank of Commerce, another branch of the National Bank of Commerce is in course of re-organization.
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Temperature at Omaha yesterday: Hour. Deg. 5a. m THIS The 37 6am SUITS 36 7a.m 33 8 a. m 30 9a. m 29 10 a. m 29 11 a, m 29 12 m 28 1p.m 28 2p.m 29 3p.m. 29 4p.m 5p.m 6pm 7p.m 8 p. m ### 9p.m DOMESTIC. Kansas City men will buy the Stock Yards Bank of Commerce from the receiver of the National Bank of Commerce Page 1 President D. F. Walker of the California Safe Deposit and Trust company was arrested in Santa Barbara on a charge of irregularity in connection with the comPage 1 pany Owners of the mines at Monongah claim the death list will not be as large as estimated, while the men assert this is Page 1 untrue. Governor Hughes has not engaged rooms at the Auditorium hotel for the Page 1 convention as reported. Admiral Evans takes place on the flagship of the Pacific fleet and active prePage 1 parations for voyage begin. 1 Three brothers are drowned at at Page 1 Tama, Ia. Prominent attorney of Minneapolis asks for the impeachment of the supreme court Page 1 of Minnesota. Rebating cases against the packers are advanced in United States supreme court Page 1 on request of government. Cotton shortage grows according to Page 1 latest reports of government. Oklahoma representative introduces bill for initiative and referendum in United Page 2 States. Testimony given in the Haywood trial will in part be accepted by stipulation in Page 1 the Pettbone case. Posse of citizens kills two robbers at Page 1 Winlock, Wash. Wharton Golden testifies that his conscience and not a money payment prompt his testimony in the Powers case. Page 1 Senator Tillman introduces resolutions in the senate asking for an Investigation of the acts of Secretary Cortelyou in issuing bonds and certificates and also inquiring into the legality of clearing Page 2 house checks. Former Supervisor Gallagher, one of the prosecution's most important witnesses in the bribery cases in San Francisco, disPage 1 appears. FOREIGN. Mrs. Taft has narrow escape in severe storm' while being transferred from tender Holland to the President Grant. Page 1 The secretary of the admiralty defends the position of the government on the shorter life of battleships before the budget committee of the reichstag. Page 1 The funeral of King Oscar will be delayed for two weeks by necessary preparaPage 1 tions. NEBRASKA. Governor Sheldon listens to final plea of Harrison Clarke for commutation (f Page 3 his sentence. LOCAL R. J. Dunham, personal representative of J. Ogden Armour, heads the Union Stock Yards company, succeeding General Charles F. Manderson, who served unexpired term of the late W. A. Paxton. The rearrangement of directors on stock Page 1 yards company board. Grain pours into the Omaha market after two weeks of unusual quiet, while buying on the floor of the grain exchange is spirited and forty-two cars are sold in one day. Railroads have cars released during the flurry and are in good position to handle shipments. Thieves managed to move five tons of brick and stone in a vain effort to secure contents of conerstone of St. Philomena's cathedral at Ninth and Harney streets, the stone containing little of value except to the church. Ex-Mayor "Jim" Reed of Kansas City "handed it" to some executive officer of the people who wears and has been a cowboy at some time in his life, when addressing the democrats at Dahlman Page 10 banquet, COMMERCIAL AND INDUSTRIAL Live stock markets, Page 7 Grain markets. Page 7 Stocks and bonds. Page 7
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BANK OF COMMERCE TO REOPEN. Bought Outright from Receiver of National Bank of Commerce. Kansas City, Mo., Dec. 10.-Arrangements were practically completed yes. terday for the reopening to-day of the Stock Yards Banks of Commerce, deposits $250,000, which suspended last week, following the closing of the National Bank of Commerce. The institution will be bought outright from the receiver of the National Bank of Commerce. This will be the second bank to resume since the flurry last week. The directors of the National Bank of Comemrce are working hard on- a plan for the reorganization of the bank and hope to make a sufficiently good showing.
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BANK WILL REOPEN. KANSAS CITY, Dec. 9.-Arrangements have practically been completed today for the reopening tomorrow of the Stock Yards Bank of Commerce, which failed last week following the closing of the National Bank of Commerce. The institution will be bought outright from the receiver of the latter.
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BANKS REOPENING./ Effects of Financial Flurry Are Gradually Passing Away. Kansas City, Mo., Dec. 10.9-Arrangements were practically completed today for the reopening tomorrow of the Stockyards Bank of Commerce, deposits $250,000, which failed last week following the closing of the National Bank of Commerce, The institution will be bought outright from the receiver of the National Bank of Commerce. This will be the second bank to resume since the flurry last week. The directors of the National Bank of Commerce are working hard on a
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Examiner Re-Opens Bank. Kansas City, Dec. 11.-State Bank Examiner Cook has re-opened the Stockyards Bank of Commerce, one of the small banks affiliated with the National Bank of Commerce, and closed when the latter suspended. The Stockyards bank is the second small bank to re-open. It had $80,000 cash on hand! against $120,000 of deposits, and is amply backed to pay off every dollar if necessry and still remain in business.
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Suspended Bank Resumes. Kansas City, Dec. 11.-The second small local bank affiliated with the National Bank of Commerce that closed when the parent institution failed last Wednesday has resumed business. It was the Stock Yards Bank of Commerce and it reopened with $80,000 in cash and sight exchange on hand, against $120,000 deposits. The bank was a state institution and had been taken in charge by State Bank Examiner Cook.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement.
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Suspended Bank Resumes. Kansas City, Dec. 11.-The second small local bank affiliated with the National Bank of Commerce that closed when the parent institution failed last Wednesday has resumed business. It was the Stock Yards Bank of Commerce and it reopened with $80,000 in cash and sight exchange on hand, against $120,000 deposits. The bank was a state institution and had been taken in charge by State Bank Examiner Cook.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predieted for several days and but little excitement followed the announcement.
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Kansas City Bank Failure. Kansas City.-The National Bank of Commerce, the second financial institution in importance in Kansas City, announced its suspension instead 01 opening Thursday morning, after a steady run of six weeks, during which the bank had paid off $19,000,000 of its deposits, reduced its loans $3,500,000, cut down its cash resources $11,750, 000, and sold $2,000,000 of high grade bonds in an effort to meet the demands upon it. Later three small outlying banks in which the Commerce was interested, the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank of Argentine, also closed. The failure of these banks had been predicted for several days and but little excitement followed the announcement.