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NATIONAL (Continued from page one.) an effort be necessary check spread of the epidemic of closing. SOUND RESERVE SYSTEM. Officials that and system are in very This was indicated by recent statements condition, showing enormous and deposits. The stock ket probably not affected important since they able ously, carry on hand better prices prevail. EIGHT CLOSE DOORS. Nov. institutions totalling $75,000,000 fayette closed today largest of these Mars was National Bank Kentucky at Louisville, which under the control of receiver, Paul the staff of the comptroller Washington. Its of the National Bank Directors Kentucky suspension yesterday deemed necessary because of "wild rumors" concernits its closing, two affiliated stitutions, Louisville Trust company the Security bank, Their suspended rectors said they were solvent and that closed as affiliated through stitutions holding the MEASURE. Two small negro in LouisSavville, bank and the through the bank, later Louisville closed. Bank of St. Helens, Louisville suburb, also suspended Louisville banks learned closed National Bank Kentucky were the Meguiar Bank and Trust Franklin, and First National bank The Bank Cave, served as for both. leading LouisOfficers of other statements last banks issued night ville declaring yesterday's deposits were greater opened rewere ported and reiterated during day, the instiearlier statements tutions were solvent. OPTIMISTIC VIEW. the Tenoptimistic view An situation was D. superinbanks, who said: DIbanking troubles American Exchange rectors of the of Little Rock, largest Trust company the said in their banks, with the bank depositors found to resume plan Most of the suspended Arkansas banks were affiliated with B. Banks which associthe Exchange With the excepTrust company. three, all comparsmall. the American Exchange Trust attributed closing public the of Caldsulting from Tenn., investment bankers, in receivership statement said: The affairs Caldwell are from Arkansas nothing but an excited public could forced closing of this strong REOPEN SOON. The banks acted under Arstate law which permits them at end of days to reopen turn their affairs to the state banking department.
