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CARSON BANK AFTER Morgantown Institution Unable to Continue Due to Poor Collections WILL DEPOSITORS The John M. Carson Banking Com pany Morgantown, made volun assignment to H. H. Shanks State bank examiner. yesterday following conference with the bank directors. The announcement of the closing of the bank doors made by Kelley, presiAccording to report received here today withdrew large amount of money from the bank during run last week Shanks, examined books week into ference directors yesterday when decided to close the business. The capital stock this institu tion was given and surplus $10,000 when the las statement of the institution made in January Deposits th time the bank closed totaled $158. Kelley said that the sulted from difficulties of farmer had borrowed their lands He said the bank had out standing in second farms and experienced difficult making collections. Expects to Pay Out The said expect that the bank would be pay dollar for dollar, but that might take year to make all the wind up affairs. The conference was attended Directors John Harper and Reynolds, both of Juality, Ky., and John M. Carson. cashier. The bank was organized in 190: by Mr. Carson and his father-in law. Judge Guffy, deceas ed. of the Court of Appeals. Mr Carson served as president num years. The closing of the Carson bank leaves the Morgantown Deposi Bank the only banking institution There no run or bank the closing the Carson institution according long distance message received here today from E. John Doolin who the head of the Morgan town Deposit thereby periencing no difficulty