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AFTER THE STORM. National German - American May Speedily Resume. PLANS SUGGESTED TO THAT END Lawler in Charge Until Examiner Thorne Arrives. BUSINESS CIRCLES TRANQUIL. Ringing Utterances From Archbishop Ireland, JAMES J. HILL AND OTHERS. The present indications are decidedly favorable to some plan being evolved for the reorganization and speedy resumption of business by the National German-American bank. So tar as paying the depositors in full is concerned, the bank is overwhelmingly solvent, the assets. including stockholders' liabilities, aggregating at least three dollars for every one on deposit, and the universal sentiment is that such a instution great should be saved to the city, state and the Northwest. It has long been realized, by the parties that the interested, capitalization but was so large as to be unwieldy; on R reduced capitalization, say of $1,000,000 or $1,200,000, it would not be a difficult matter to make arrangemente for speedy resumption. All that is needed is a little time to realize upon assets, and this the suspension secures. It is a heroic and not pleasant remedy, it is true, but far better than to allow the institution to go out of existence. As the bills receivable exceed the deposits by over sixteen hundred thousand dollars, the impairment of the capital is not likely to be severe; and if the capitalization should be reduced, the stock would undoubtedly stand in the market at least at 150, and perhaps higher. The stock is largely held by wealthy people, a good deal of it by Eastern financial institutions, who would undoubtedly prefer a reduced capitalization to liquidation. The co-operation of the depositors in such a scheme is also suggested, and to a very considerable extent this could undoubtedly be secured. It seems reasonably probable that Gustav Willius, the former president, will he selected by Comptroller Eckels AS the receiver. No better man couldbe round to handle its affairs. His familiarity with the business of the bank and its customers, having been one of its leading officers from its inception until within the past two years, with together his experience in his the banking business, would make selection inspire confidence at once in the plan for speedy resumption. Comptroller Eckels, in selecting Mr. Lawler as bank examiner to tempora rily take charge of the bank, instructed him to aid the officers in every way in any plans for resumption, as he regards the bank as perfectly solvent, and only compelled to suspend by the abnormal financial stringency. With the co-operation of the comptroller, the stockholders, the depositors and the general business public, it is not too much to expect the speedy reopening of the doors of the National German-American, with its position in the financial world really improved by the temporary halt in its active business while the work of realization on the undoubted assets is taking place.
