Jasper County Democrat, Volume 10, Number 44, Rensselaer, Jasper County, 1 February 1908 — TWO MORE BANKS ARE OUT [ARTICLE]

TWO MORE BANKS ARE OUT

One a National* tbe Other a State In atitution at New York-r Expect to Pay Depositor*. New York, Jan.' 30. Two financial Institutions of New York city, one a national and the,other a state bank did not open their doors this morning The New Amsterdam National bank "capital $1,000,000, has been taken ir charge by the representative of tin comptroller of the currency, and tin Mechanics’ and Traders’ bank, a stat< institution, capital $2,000,000, an nounced the decision of the directors not to open. , Both banks announce their abllitj to pay all depositors. A statement of the New Amsterdam National shows individual deposits of $2,065,272. Nd statement of the liabilities and assets o> the Mechanics and Traders could lx had at present Both institutions had been known as in the Morse-Thomas chain of financial institutions, but bolt: had undergone a reorganization of tl directorates.