5443. Citizens National Bank (Attica, IN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3755
Charter Number
3755
Start Date
August 12, 1893
Location
Attica, Indiana (40.294, -87.249)

Metadata

Model
gpt-5-mini
Short Digest
b9af2278

Response Measures

None

Description

Bank suspended during the 1893 stringency and later permitted to reopen after meeting Comptroller conditions and an agreement with depositors to pay in installments. Some sources give suspension date as Aug 12, 1893 (The Sun) while local reports state Aug 14; reopening is reported Aug 21–22, 1893.

Events (3)

1. July 16, 1887 Chartered
Source
historical_nic
2. August 12, 1893 Suspension
Cause
Macro News
Cause Details
Suspended during the nationwide 1893 financial stringency; listed among many national banks that temporarily suspended during the panic; no bank-specific scandal mentioned.
Newspaper Excerpt
The Citizens' National Bank of Attica, Ind., which suspended payment on the 12th inst., having complied with the conditions imposed by the Comptroller of the Currency...
Source
newspapers
3. August 21, 1893 Reopening
Newspaper Excerpt
to-day was permitted to reopen its doors for business. (Aug. 21) / The Citizens' National Bank ... resumed to-day. By an agreement with the depositors the bank agrees to pay 10 per cent. of deposits each thirty days for ninety days, 20 per cent. in the next thirty days and 50 per cent. in the next sixty days. The assets were found to be about $50,000 in excess of liabilities. (Aug. 22 report).  (Reports dated Aug 21–22.)
Source
newspapers

Newspaper Articles (12)

Article from The Irish Standard, August 19, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill. WASHINGTON, Aug. 13.-The bank. failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2,000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn. WASHINGTON, Aug. 16.-Notice was received yesterday that the Hartford bank of Phoenix, A. T., had assigned, and that Johnson, Buck & Co., bankers at Ebensburg, Pa., with branch banks at Carrolltown and Hastings, had closed their doors.


Article from Rock Island Daily Argus, August 22, 1893

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Signs of the Times. CHICAGO, Aug. -- Among the indications of the existing condition in financial affairs are the following facts: At Denver-The Peoples' National and Union National, two of the suspended banks, have opened their doors for business. At Pittsburg-Seven large industrial establishment have resumed in part or wholly, giving employment to several thousand men. At Springfield, Ills.-The rolling mills which have been idle for several weeks hava resumed operations. At Chicago-Armour & Co. have received $500,000 in gold from Europe and will obtain $500,000 more in a few days. Attica, Ind.-The Citizen's National bank will reopen its doors in a few weeks. Over 1,000 'longshorement have struck on the Mallory, Ward and Clyde lines at New York against a reduction of 5 cents an hour in their wages. At New York-A thousand men, women, and children were fed by a saloonkeeper at East Broadway and Division street. At Denv r-One hundred men employed on the sewers of the city have struck be-


Article from The Sun, August 22, 1893

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Banks Reopen Their Doors, DENVER, Aug. 21.-The Union and People's National banks, which suspended on July 18 and 19 respectively. opened their doors for business at the regular hour this morning. having complied with all the requirements of the Comptroller of the Currency. Each has on hand a considerably larger per cent. of money to meet immediate liabilities than the Comptroller required. It is expected that the other three suspended national banks will resume within a very short time. WASHINGTON. Aug. 21.-The Citizens' National Bank of Attica. Ind., which suspended payment on the 12th inst., having complied with the conditions imposed by the Comptroller of the Currency. and the capital stock being unimpaired. to-day was permitted to reopen its doors for business. PUEBLO. Col., Aug. 21.-The Central National Bank of Pueblo opened its doors for business this morning for the first time in six weeks. Not one person withdrew an occount. and the bank had $20,000 more in the vaults when closing time came than when it opened this morning.


Article from The Indianapolis Journal, August 23, 1893

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Attica Citizens' National Resumes. Special to the Indianapolis Journal ATTICA, Ind., Aug. 22.-The Citizens' National Bank, of this city. which suspended payment on Aug. 14, resumed to-day. By an agreement with the depositors the bank agrees to pay 10 per cent. of deposits each thirty days for ninety days. 20 per cent. in the next thirty days and 50 per cent. in the next sixty days. The assets were found to be about $50,000 ID excess of liabilities.


Article from The Indianapolis Journal, August 23, 1893

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Ten years ago Williams's father died leaving him an inheritance worth $15,000. Since that time he has squande red it all and involved several relatives. Better Prospects at Elwood. Special to the Indianapolis Journal. ELWOOD, Ind., Aug. 22.-The business outlook for this city has assumed a more cheerful aspect during the past day or so. The word has been given out that the McCloy lamp chimney factory, employing 300 men, will begin operations next Monday. and the men have been notified to be ready for work at that time. The MoBeth factory will start up one furnace to-morrow and the remaining ones as soon as possible. The outlook for the plate glass workers has not materially changed. The managers declare they will resume at the earliest possible moment. Farmer Boals Badly Worsted. Special to the Indianapolis Journal. SHELBYVILLE, Ind., Aug., 22.-John Boals and James Parker are prominent farmers, living on adjoining north of this city. For some reason the best of feeling has not existed between them for some time Boals on returning home from this city last evening met Parker near the Ray Church. Both men alighted and made for each other. Parker grabbed a stone and beat Boals nearly to death. Boals was a candidate for assistant sergeant-at-arms of the present United States Senate. Parker was arrested for the part he took in the affair. Struck Because They Were Paid in Checks. Special to the Indianapolis Journal. TERRE HAUTE, Ind., Aug. When the Evanaville & Terre Haute pay car came in to-day the employes werehanded slips saying that. owing to the inability to get ourrenoy. because of the refusai of New York banks to ship it, the employes would be paid in checks, dated Sept. 11. It was also said that it was hoped by next month to pay in currency. The men, as a rule, decided not to accept the checks. The switchmen went on a strike this evening. Some of the accepted checks were discounted at 5 and 10 per cent. Town of West Franklin Partly Burned. Special to the Indianapolis Journal. EVANSVILLE, Ind., Aug. 22.-West Franklin, Ind., an Ohio river town, twelve miles from this city, was almost wiped out by fire early this morning. The blaze started in Mrs. Albert Schlapper's store, and before the flames were subdued the postoffice and Methodist church adjoining, a saloon. a number of residences, stables and outhouses were destroyed. The aggregate loss 18 placed at $35,000. with small insurance. The church was a new one and was to have been occupied for the first time next Sunday. Jail-Breaking Plot Exposed. Special to the Indianapolis Journ BEDFORD, Ind., Aug. 22.-It was discovered yesterday that the prisoners confined in the county jail here had been plotting to gain access to the outer world again. It appears they were almost suecessful. and only waiting for nightfall in order that they might escape in the darkness. Some mysterious work that had been going on among them. which aroused the sheriff's suspicion. caused an investigation, leading to a startling discovery of the plot to break jail. Several prisoners were involved in the plot. Caught an Indianapolis Burglar. Special to the Indianapolis Journal. MUNCIE, Ind., Aug. 22.-Last night, at West Muncie, burglars were again robbing the postoffice and were caught in the attempt. Night Watchman Charles Conner fired two shots at two of them as they ran, and he caught one of them yet in the building. The fellow gave his name as Michael Burke. residing at Indianapotis. He was brought to this city and is in jail, in default of $1,000 bond. He had about $100 worth of goods ready to remove from the atore and several dollars' worth of postage stamps. No. 13 Jumped the Rails. Special to the Indianapolis Journal. SEYMOUR, Ind., Aug. 22.-The large new engine No. 13, which is considered an unlucky number, was derailed with three loaded cars this evening while pulling train No. 99 into the switch at the eastern outskirts of this city. The engine. being one of the heaviest made, crushed the railroad ties into kindling wood and also broke the heavy steel rails, one being broken into five pieces. The engine buried itself up to the axles. Engineer Late Banta and fireman Goss escaped without injury. Fled from Morgan County White Caps. Special to the Indianapolis Journal. MARTINSVILLE, Ind., Aug. 22.-Several months ago David A. Rooney, a market gardener living north of here, was whipped by White Caps and warned to leave. He armed himself, however. and announced his intention of remaining. A few days ago he received a second notice to leave, on penalty of death. and to-day be packed up his goods and went to Jackson county. Attica Citizens' National Resumes. Special to the Indianapolis Journal ATTICA, Ind., Aug. 22.-The Citizens' National Bank, of this city. which suspended payment on Aug. 14, resumed to-day. By an agreement with the depositors the bank agrees to pay 10 per cent. of deposits each thirty days for ninety days, 20 per cent. in the next thirty days and 50 per cent. in the


Article from Grant County Herald, August 24, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 11.-The following bank failures were reported yesterday: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, la., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrollton and Hastings. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, III. WASHINGTON, Aug. 13.-The bank failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking. house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2.000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the Firstnational at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn.


Article from Evening Star, August 29, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.


Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.


Article from The Marietta Journal, September 7, 1893

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BANKS WHICH HAVE RESUMED. A Statement from Controller Eckels Showing Their Present Capital Stock. WASHINGTON, Aug. 28th.-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Blank Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Washington, $250,000 ; First National Bank, Palouse City, Washington, $75,000; Southern California National Rank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $800,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000, American National Bank, Leadville, Col.; $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000. First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, Col., $500,000; Hutchinson National Bank, Hurchinson, Kan., $100,000; People's National Bank, Denver, Col., $600,000; First-National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Texas, $50,000; State National Bank, Vernon, Texas, $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Oregon, $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachie National Bank, Waxahachie, Texas, $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Texas, $80,000; First National Bank, Lockhart, Texas, $50,000; total, $6,030,000. Since Jan. 1 last 145 national banks have suspended. Of this number 1 has gone into voluntary liquidation, 57 have been placed in the hands of receivers, and 62 are in the hands of national bank examiners, with excellent prospects of early resumption, in addition to the 34 aboved named, which have already resumed business.


Article from The Comet, September 7, 1893

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BANKS THAT HAVE RESUMED AN AVERAGE OF ONE A DAY, WITH MORE IN PROSPECT. The banks that have suspended resumed during the past two weeks, as follows: Greeley National bank, Greeley, Col., Aug. 14. Armourdale bank, Armourdale. Mo, Aug. 16. First National bank, Fort Scott, Kan., suspended July 18, resumed Aug. 16. First National bank, Rico, Col., suspended June 30, resumed Aug, 16. American National bank, Leadville, Col., closed its doors July 1, resumed Aug. 17. First National Bank, Anthony, Kan., suspended July 20, resumed Aug. 18. Union National bank, Denyer, Col., suspended July 18, resumed Aug. 21. Citizens' National bank, Attica, Ind.. Aug. 21. People's National bank, Denver, Col., suspended July 19, resumed Aug. 21. Central National bank, Pueblo, Col., suspended July 5, resumed Aug. 21. Hamilton County State bank, Fort Dodge, Ia., suspended Aug. 7, resumed Aug, 21. City Saving bank, Nashville, Tenn., Aug. 22. Henning's bank, Plain, Ill., Aug 22. First National bank, The Dalles. Ore., suspended July 31, resumed Aug. 25. Fourth National bank, Louisville, Ky., suspended July 22, resumed Aug. 26. Comptroller of the Currency Eckels has fixed the time for the resumption of several suspended banks as follows: Farmers' Exchange bank, San Bern ardino, Cal., Aug. 25. The Fall River (Wis.) bank, Aug. 25. First National (Mankato, Minn.) Sept. 1. Mankato National, Mankato, Minn., Sept. 1. Citizens' National, Mankato, Minn., Sept. 1. Permission to resume has also been given to the following banks: First National, Vernon, Tex. First National, San Marcos, Tex. First National, Lockhart Tex. The stockholders of the National, bank of Kansas City, Mo., met Friday and decided to resume busin SS.


Article from The Iola Register, September 8, 1893

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NATIONAL BANKS RESUME. Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capital stock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind.; $300,000. Washington national bank, Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Scuthern California national bank, Los Angeles, Cal: $200,000. First national bank, Los Angeles, Cal.; $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal.; $150,000. First national bank, Kendallsville, Ind; $50,= 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank, Rico. Col.; $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank, Cisco, Tex.: $50,000. American national bank, Leadville, Col; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $250,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col; $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; $600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon, Tex: $100,000. Fourth national bank, Louisville, Ky.; $300,000. First national bank, The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, 1 Wis.: $50,000. Waxahachie national bank, Waxahachie, Tex.; $100,000. Citizens' national bank. Attica, Ind: $50,000. First national bank, San Marcos, Tex.; $80,000. 1 First national bank, Lockhart, Tex; $50,000. : Total capital stock, $6,030,000. Since January 1 last 154 national e banks have suspended. Of this num1 ber, one has gone into voluntary liquif dation, fifty-seven have been placed in f the hands of receivers, sixty-two are in the hands of bank examiners with ext cellent prospects of early resumption, t in addition to the thirty-four above a named which have already resumed t business.


Article from The Globe-Republican, September 8, 1893

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NATIONAL BANKS RESUME. Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capitalstock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind; $300,000. Washington national bank. Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Southern California national bank, Los Angeles, Cal: $200,000. First national bank. Los Angeles, Cal.: $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal : $150,000. First national bank, Kendalisville, Ind: $50, 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank Rico. Col: $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank. Cisco, Tex.: $50,000. American national bank, Leadville, Col.; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $230,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col: $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; £600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon. Tex: $100,000. Fourth national bank. Louisville, Ky.; 8300,000. First national bank. The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, Wis: $50,000. Waxahachie national bank, Waxahachie, Tex.: $100,000. Citizens' national bank, Attica, Ind: $50,000. First national bank, San Marcos, Tex: $80,000. First national bank, Lockhart, Tex: $50,000. Total capital stock, $6,030,000. Since January 1 last 154 national banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of bank examiners with excellent prospects of early resumption, in addition to the thirty-four above named which have already resumed business.