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IN THE COMPTROLLER'S HANDS. Bank Examiner Campbell, Takes Possession of the Palatka National Bank. At a called meeting of thestockholders of the Palatka National Bank, yesterday, President Dean reported the condition of the institution, and offered a resolution proposing that the bank go into liquidation. The matter was put to a vote and failed to pass, lacking the necessary twothirds vote. A communication was then read from the Comptroller of the Treasury, notifying the management that the bank would be put forthwith in the hands of Bank Examiner M. C. J. Campbell, of Montgomery, Ala., who, upon the adjournment of the meeting, took charge of the bank as the representative of the Treasury Department. The investigation of the bank's affairs by the Bank Examiner will necessarily take some time, and, in the meanwhile, depositors must wait for their money. The assets of the bank are ample to meet the demands of the depositors in full and leave a surplus, it is believed, for the stockholders. Its line of deposits was not large, of late, and there is no danger that the bank will not be found solvent. The only inconvenience to the depositors is that they must wait until the bank passes into the hands of a receiver which is expected to be the next step. The Palatka National Bank, which did business on Front street, nearly opposite the post office, was incorporated in 1884 and began business in early December of that year with a capital of $50,000. Its principal projector was Mr. T. B. Bishop. The news of the closing of the bank will surprise few of our business men, as rumors that it would soon go into liquidation were current. What effect the winding up of the Palatka National Bank will have on the proposed Savings Bank and Trust Company, the bill to incorporate which passed the Senate last night, is not known.
