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THE MONEY TRANSFERRED Otto Frenzel Goes to the Capital Bank and Demands Iron Hall Money. Receiver Failey Gives Him a Check on the Capital for $140,000-No Notification Had Been Given, but the Money WasThere. It is not very often that a man walks into a bank, without a moment's warning, in the busiest part of the day, and asks the paying-teller to cash a $140,000 check, but that is what was done at the Capital National Bank yesterday. The man with the check was Otto Frenzel, and the check was drawn by Receiver Failey, of the Iron Hall, and was for that order's funds which the Capital Bank held. Mr. Frenzel got the money in cold cash. It was three trips that the paying teller made to the big vault, and each time he would pile up greenback. in five-thousanddollar packages, on his arm like cord wood, and dump it on his desk. Mr. Frenzel was obliged to send for assistance to carry it to his bank, but it was gotten over without accident, and Receiver Failey has it where he can put his fingers on it. A Journal reporter called on President Wilson late last evening, and questioned him as to the occurrence. "The demand was wholly unexpected by us, but we were perfectly able to meet it," he said. I have talked to Mr. Failey but once since his appointment, and that was immediately after it. He said then that he should want to transfer the money some time, but that he could not tell how soon, and that he would letme know. We have had no word since, but have thought it best to be prepared." Wasn't it a very unusual proceeding, Mr. Wilson?" was asked. "Well. yes," and the banker smiled cautionsly. "It wasn't just exactly business courtesy, was it?" "No; I shouldn't have asked them for such a sum without first sending them word. and asking them if it were convenient for them to pay it, and I don't believe one banker in ten would have done it." "Would they have closed you up. if you hadn't happened to have the money?" "I've no doubt of it." Mr. Wilson went on to say that he was at the telier's window when Mr. Frenzel called for the money. and that he was of the opinion that Mr. Frenzel was considerably surprised when the money was counted out to him. He had no explanation to offer for such an action on the part of the Frenzel bank. but had all the appearances of a man well pleased with himself for having defeated a scheme that might have worked some harm to him. When the conversation turned on generalities he made the remark that it was very peculiar how John Frenzel tried to ride rough-shod over everyone, and then said: "Well, he never will over me." in a tone that said as plain as words: "And he didn't do it to-day." It could not be learned last night whether any of the Iron Hall's funds had been drawn from any of the other banks or not, but it 18 believed that there has not. Attorney Hawkins was seen by a reporter and was informed of the withdrawal of the money from the Capital Bank. He refused to believe it, and it was not until he was told that the reporter had conversed with President Wilson about it he reluctantly admitted its truth. He then expressed the profoundest surprise that such a thing had been done. "I am sure that I bad no knowledge of it, and from a less authentic source should most positively refuse to believe it. As attorneys we have no control over Receiver Failey, and I can give no explanation of the affair."
