Jasper County Democrat, Volume 11, Number 50, Rensselaer, Jasper County, 25 November 1908 — FT. SCOTT BANK IN TROUBLE. [ARTICLE]

FT. SCOTT BANK IN TROUBLE.

• ! ? mi 1 n.i.si m ■*-- Controller of Currency Appoints Receiver lor the First National. Ft. Scott, Kas., Nov. 21.—Controller of the Currency Murray today appointed James D. Bradley, bank examiner, as receiver of the First National Bank of this city. This action was taken when the controller received a telegram from President Hornaday asking that n receiver be appointed, owing to a run on tbe bank which has lasted two days. The hank has a capital of SIOO,OOO, and according to the last report has a surplus of $25,000. (the First National, which closed its doors today, was one of the oldest banks In the State. Grant Hornaday, the president, stated that the failure was the result of malicious reports spread by enemies of the bank. He said the bank’s assets exceed the liabilities by $127,000, and that the depositors would be paid in full. The depositors number about two thousand, many of them small merchants. The bank was organized In 1870 and the officers at the time of closing were Grant Hornaday, president; F. A. Hornaday, cashier, and Charles Love, vice-president.