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Kansas Bank Suspends. WICHITA, Kan., May 8.-The State National bank suspended suddenly. This institution was considered one of the strongest in this section. The bank officers have not yet made any statement.
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Kansas Bank Suspends. WICHITA, Kan., May 8.-The State National bank suspended suddenly. This institution was considered one of the strongest in this section. The bank officers have not yet made any statement.
BROKE THE BANK. Suspension Caused by a Quarrel Among Stockholders. WICHITA, Kans., May 7.-The State National Bank suspended suddenly to-day. This institution was considered one of the strongest in this section. L. D. Skinner has been president of the bank for twentyone years. The bank officials have not yet made any statement. Swift & Co. made a deposit of $900 the last thing Saturday night. Large depositors are left in bad condition. From the best information obtainable the suspension is due to trouble among stockholders, the Lombards of New York being apparently the disturbing element. Some time ago they disposed of a big block of stock to a Bingbampton (N. Y.) capitalist, retaining about $50,000 worth. For a couple of weeks past they have been trying to get this remaining interest in the bank transferred to some woman, but Skinner and the local directors positively refused to sign a certificate of transfer until assured of the responsibility of the would-be purchaser. The local directors all have their stock in their own names. Skinner personally brought the bank through the squeeze last fall, and except for this internecine warfare there seems to be nothing in the bank's condition to cause the suspension. At the close of business Saturday the deposits amounted to $207,000 and the asseis to nearly $400,000. It is the general belief that the depositors are quite safe. The suspension caused a brief run ou the other banks. The private statement of the collapsed bank dated April 30 showed that the total assets were $457,804 33; capital, $1,000,000; surplus, $74,736 07; undivided
A BUSTED BANK. A Strong Kansas Institution Hangs Up That Sign. WICHITA, Kan., May 7.-"Suspended, State National Bank" was the sign on the bank door this morning, and great alarm prevails in this city. This institution was considered one of the strongest in the West. D. T. Skinner was president and the Lombards were interested in it. The bank officers have not yet made any statement. Smith & Co. made a deposit of $960 the last thing Saturday night. Large depositors are left in a bad financial condition. The capital stock of the State National bank was $100,000, and the advertised surplus $100,000. The county has $28,= 000 tied up by the suspension. The police fund of $2,500 is also on deposit in this bank. The bank had correspondents all over the Southwest. No run is being made on any of the other banks.
FAILURE OF A WESTERN BANK. Wichita, Kan., May 7.-A notice was posted on the door of the State National Bank here to-day announcing that the bank had suspended. The instltution was considered one of the strongest in this part of the country. L. D. Skinner was president, and the Lombards were interested in It. The bank officers have not yet made any statement of its condition.
Tuesday, May 8. The United States Hotel association is holding its annual convention at Denver. The State National bank of Wichita, Kan., has closed its doors. No statement. Young Griffo defeated Billy Murphy in eight rounds at Boston Monday night. The New York and New Jersey bridge bill was passed in the house under suspension of the rules. The United States consul general at Berlin, William Hayden Edwards, is seriously ill with influenza. It is definitely announced that the torpedo boat Ericsson will be launched at Dubuque, Saturday, May 12. A rate of 25 cents on fifth class freight, Chicago to Denver, has been made. The former rate was 85 cents. William D. Lohman, the defaulting cashier of the Brooklyn excise department, was sentenced to seven years and four months at Sing Sing. Governor Waite has accepted an invitation to make a political speech at Cheyenne at an early date. He proposes also to stump Oregon for the Populists. The comptroller of the currency has called for statements showing the condition of the various national banks of the country at the close of business on Friday. May 4.
A KANSAS BANK SUSPENDS. State National at Wichita Closes Its Doors Unexpectedly. WICHITA, Kas., May "-"Suspended," was the sign on the State National Bank door this morning. This institution was considered one of the strongest in the West. L. D. Skinner was president and the Lombards were interested in it. The bank officers have not yet made any statement of its condition. Large depositors are left in a bad financial condition. The capital stock of the bank is $100, 000 and the advertising surplus $100, 000. The county has 28,000 tied up by the suspension. The police fund of $2,500 is also on deposit in this bank. The bank had correspondents all over the Southwest. No run is being made on anv of the other banks.
Failed to Open Its Doors. The State National Bank at Wichita, Kas, has suspended. This institution was considered one of the strongest in the West. The bank officers have not yet made any statement of its condition. Swift & Co. made a deposit of $960 the last thing Saturday night. Large depositors are left in a bad financial condition.
LOCAL FINANCIAL NEWS. # Stockholder of the State National Predicts an Encouraging Report. David M. Dale was up from his farm near Clearwater yesterday and put in most of his time about the district court enjoying an atmosphere familiar to him in the past. He says that he is not a candidate for the receivership of the State National bank in the accepted sense of that word, but he expects to get the position if any Kansas man gets it. He says there is not enough salary connected with the position to warrant any person making a fight for it. Mr. Dale looks much more robust than before he retired to the farm, and says his health has greatly improved. Talking about the affairs of the bank, there is a probability that a big dividend will be paid soon. It seems that the present comptroller has adopted the policy of making the stockholders put up the liability attached by law to their stock the very first thing and if this policy is carried out in this case the present resources will be increased $75,000 at a low estimate. This is what a stockholder told a reporter for the EAGLE last night and he seemed to know what he was talking about. In addition to this it is said that the examiner is taking in money every day from debtors. The stockholder in question stated that debts owing to the bank are being paid beyond all expectations. He says that when the report of the examiner is made the showing will be very encouraging to creditors.
Will Probably Resume. WASHINGTON, May 23.-The comptroller has received a request from a former president of the state National bank of Wichita, which recently closed its doors, asking that no receiver be appointed and an opportunity be given the bank to resume business. The request will be complied with.
TALK OF RESUMING. By Request the Comptroller Withholds Appointment of Rece! ver for State National. A dispatch from Washington says: "The comptroller received today a request from a former president of the State National bank of Wichita, which recently closed its doors, asking that no receiver be appointed and an opportunity be given the bank to resume business. The request will be complied with. It has always been the policy of the present comptroller to give these institutions every opportunity to resume when it could be shown that they could be put in absolutely sound condition. Nothing further will be done until the papers making inquiries and replying to the conditions which will be exacted can be received."
BANK NEWS. Quite a Probability that the State National Will Resume. It was reported yesterday that some kind of a deal is on hand looking towards the resumption of business of the State National bank that recently suspended. A former officer of the bank was seen and asked concerning the report. "I have no definite information to give you now," said he, "but there are reasonably fair grounds for the report you mention. I will say that it is not only possible, but probable that the bank will resume business."
KANSAS STATE MATTERS. WHAT THE JAYHAWKERS ARE DOING TO-DAY. Condensed News from All Parts of the Great Sunflower State-A Generainummary of Kansas New. There are several cases of scarlet fever in Salina. All of the old teachers in the Abilene schools have been re-elected for the coming year. A larger acreage of corn has been planted in Rawlins county this year than ever before. A Seneca physian has the contract of caring for the Atchison smallpox patients at $15 day. The old soldiers of Anderson county will hold their annual reunion at Garnett, August 16-18. Dr. W. A. Leigh of Stockton is at last formally announced as a candidate for secretary of state. Comanche county had between $5,000 and $7,000 in the State National bank of Wichita when it failed. A 48-dound catfish caught out of the Verdigris river, near Guilford, was on exhibition in Fredonia the other day. Elias Jordon. a colored boy who was in the fight at Topeka Wednesday afternoon was arrested next day by Officer Campbell. General Sanders' men are slowly deserting the army at LeavenWorth, but the general says only the weakkneed ones are going. Out of the sixty-eight Smith county teachers who took the recent uniform state examination. only ten passed and received certificates. The Uncle Tom's Cabin company that started out from Wichita recently stranded in Missouri before it had been on the road two weeks. Thirteen Barber county townships that had a population of 4,099 in 1893, have this year according to the assessors' returns, but 2,998. The 14-months-old child of Mr. and Mrs. Howe Hamilton of Augusta drank a consideral amount of concentrated lye a few days ago and cannot live. One hundred and five car loads of grain were inspected by the official state grain inspector at Kansas City, Kan., on Monday, and 143 car loads on Tuesday. 1 Butler county has more corn plant ed. a better stand, cleaner of weeds, evener and better in every way than it has been in ten years, says the El Dorado Republican. Since the first of January the firm of Manker & Orvis of Centralia, Nemaha county, have shipped twenty-nine car loads of horses to St. Louis and other southern markets. There has never been a boy valedictorian among any of the graduates of the Atchison high school. The race for the honor this year was very close between a boy and a girl, and the girl won. About fifteen teachers in the Lawrence public schools will attend the convention of the National Teachers association which will be held at Asbury Park, N. J., the week beginning July 6. S. L. Lambert and T. L) Snooks were arrested at Arkansas City Saturday for forgery. They had cashed bogus checks on the Home National bank to the aggregate amount of nearly $100. The Globe thinks chat the county commissioners of Atchison county may commence the erection of a new 111 court house next fall. Authority for this move was granted several years ago. Dr. Eyth's creamery of this city idoes a $5,000 business per month. a The business last year amounted to over $65,000. Butter is delivered to some of the state institutions.-Enter prise Journal. There is a prospect that Leavenworth may soon have a first-class hotel. The St. Paul owners of the Planters' house have authorized the expenditure of $40,000 in renovating and rebuilding that hostelry. Two men went to Meriden last week with the intention of running a shooting gallery. The citizens, realizing that it would take money out of the town unnecessarily and without leaving an equivalent, circulated a petition requesting the council to refuse the issuance of a license. The license was refused and the men left town. d Salina is having a lot of fun with its graduating class of the high school. Seven members out of the eighteen in the class were refused diplomas last week on account of deficiency in one study in their class work, and their a parents have been making life a good deal of a burden for the superintend ent and board of education.-Abilene Reflector. We talked with quite a number oi farmers Saturday, and everyone spoke in terms that would seem "to indicate a feeling of satisfaction over the present prospects for crops. The farmers got their corn planted in due
TALK OF RESUMPTION, Strong Probability that the State National Will Resume Again. A special dispatch from Washington yesterday says: "Gay Lombard, cashier of the defunct State National bank at Wichita, called on Comptroller Eckels today. Some time was spent in talking over the affairs of the bank and propositions were discussed for its reopening, but nothing was agreed upon. The comptroller is inclined to favor opening the bank for business, but the original trouble with the directory, which resulted in closing the bank, appears so far to prevail." L. D. Skinner, president of the bank. was sought yesterday for information on the subject, but he, too, was out of town. It was stated that he had gone east with a view to making arrangements to reorganize the bank, and that the outlook was decidedly favorable. One gentleman who knows a good deal about the bank affairs said, "Yes, I look for a resumption of business soon at the bank. Affairs are in very fair shape for a reorganization, and if nothing unforeseen happens, I look for an announcement to be made to that effect the latter part of next week. If a reorganization is not completed by the end of next week, I look for the appointment of a receiver. The comptroller seems to understand the situation thoroughly and he is using his influence to effect a reorganization."
tracts for threshing 50,000 bushels of wheat in Cowley county this month. 3 Five young men and ten young ladies were confirmed in the Jewish syn agogue at Leavenworth last Sunday. Clay Center has already purchased $400 worth of i!eworks and will shoot them off at the Fourth of July cele. bration. A model school of five rooms is be. ing conducted in connection with the Riley county normal institute at Manhattan. A merry-go-round at Wichita disturbed a W. C. T. U. meeting just across the street and was abated as a nuisance. Adam Yeager, of Lawrence, was struck by lightning and instantly kill ed in his yard during a thunder storm Saturday afternoon. Commencement exercises of the public schools of Douglass county were held last Saturday at Bismarck grove. There were fifty graduates. The scheme of the senior class of the State University to raise a fund for the assistance of poor students has materialized to the extent of $510. Canton, McPherson county, has a chinch bug station for the distribution of Prof. Snow's deadly infection. It is located in the Republican office. At a recent election in Comanche county, it was decided to let the herd law stand as it was. This will put a quietous to the free range question. An eleven year old daughter of Mr. and Mrs. J. W. Jones of Kansas City, Kans., was struck by lightning and almost instantly killed Saturday night. The famous Hilman insurance cases have been set by Judge Thomas for the second Tuesday in January, 1895. Judge Thomas will try them at Leavenworth. Good rains are reported all over the state on Saturday and Sunday. Corn is greatly benefitted and with another good rain in 20 days, it will make a fair crop. Lawrence has sixty miles of sidewalks and a damage suit for $10.000 for a fall sustained Ly a lady on a portion of them which was alleged to be defective. Judge Albion W. Tourgee, of New York, authorof "A Fool's Errand' and "Bricks Without Straw," will deliver an address at the Winfield Chautuaqua assemblv There is some talk to the effect that the State National Bank of Wichita, which failed recently will resume. If there is no resumption a receiver will probably be appointed. The board of education of the Ottawa city schools has elected teachers for the ensuing year. Superintendent F. P. Smith, with nearly the whole corps of old teachers, have been retained. The Bank of Oberlin was closed Saturday by Commissioner Breidenthall, caused by the failure of Steele & Walker, of St. Joe, the latter being president of the bank. There was $14,000 of county funds on deposit. Assets and liabilities unknown. The Missouri river has been steadily raising for severa days and at noon on Monday was in four feet of the danger line at Omaha. Above and below the city the current is doing considerdamage to farm lands. A terrific rain fell all over Northeastern Nebraska Tuesday. Lane county has 41,981 acres of wheat to harvest this year, which at 8 bushels per acre will yield 33,500 bushels of wheat. Deducting 3,150 bushels for seed and 2,000 bushels for bread leaves 28,450 bushels, which at 40 cents cents per bushel means $113,800 for Lane county's wheat fields. C. O. Beardsly, Ben Verbryck and Sam Davis escaped from the city jail at El Dorado one night last week. They removed the bolts from the lower hinge of the iron door, sprung it out, wedged it the bottom and crawled out. Beardsley was serving a sentence of 1,050 and Davis 150 days for violating the prohibitory liquor law. Verbryck was convicted of assaulting an officer and was held for payment of fine and costs. They are still at large. The 6 year old daughter of George Firstenberger was horribly burned at Seneca Saturday morning. It seems that she was playing with some other children in a child's playhouse, and accidentally lighted a match, setting fire to some hay which they had spread around. Her clothes immediately caught fire, and before help could reach her, that she died soon after. A boy probably 16 years of age, giving his name as Louis Kirk. applied to Chief of Police White Tuesday for money with which to buy a ticket to his home in Alexander, Neb,, says the Atchison Champion. Kirk who is a typical country boy. went to Kansas City some time ago to visit his married s'ster. einformed Chief White that e liked Kansas City and would have remained there but for the fact that his sister had taken on too many city airs to suit Rim. Everything went all right until meal time, when young Kirk wanted to eat his potatoes with a spoon, which his sister refused to stand. The country brother insisted on eating potatoes in the good old fashioned way. So much objection was raised to this that life was a bur den, and he decided to run off. He had enough money to buy a ticket to Atchison, but ran short of funds here. He telegraphed his father for money, which was sent to him, and the young man continued his journey There are 285 persons enrolled in the Cowley county Normal institute.
the peace of Europe. John Yount of Winfield, has contracts for threshing 50,000 bushels of wheat in Cowley county this month. 3 Five young men and ten young ladies were confirmed in the Jewish synagogue at Leavenworth last Sunday. Clay Center has already purchased $400 worth of fiveworks and will shoot them off at the Fourth of July celebration. A model school of five rooms is being conducted in connection with the Riley county normal institute at Manhattan. A merry-go-round at Wichita disturbed a W. C. T. U. meeting just across the street and was abated as a nuisance. Commencement exercises of the public schools of Douglass county were held last Saturday at Bismarck grove. There were fifty graduates. The scheme of the senior class of the State University to raise a fund for the assistance of poor students has materialized to the extent of $510. Canton. McPherson county, has a chinch bug station for the distribution of Prof. Snow's deadly infection. It is located in the Republican office. At a recent election in Comanche county, it was decided to let the herd law stand as it was. This will put a quietous to the free range question. An eleven year old daughter of Mr. and Mrs. J. W. Jones of Kansas City, Kans., was struck by lightning and almost instantly killed Saturday night. The famous Hillman insurance cases have been set by Judge Thomas for the second Tuesday in January, 1895. Judge Thomas will try them at Leavenworth. Good rains are reported all over the state on Saturday and Sunday. Corn is greatly benefitted and with another good rain in 20 days, it will make a fair crop. Lawrence has sixty miles of sidewalks and a damage suit for $10.000 for & fall sustained by a lady on a portion of them which was alleged to be defective. There is some talk to the effect that the State National Bank of Wichita, which failed recently will resume. If there is no resumption a receiver will probably be appointed. The Bank of Oberlin was closed Sat urday by Commissioner Breidenthall, caused by the failure of Steele & Walk er, of St. Joe, the latter being president of the bank. There was $14,000 of county funds on deposit. Assets and liabilities unknown. The Missouri river has been steadily raising for severa days and at noon on Monday was in four feet of the danger line at Omaha. Above and below the city the current is doing considerdamage to farm lands. A terrific rain fell all over Northeastern Nebraska Tuesday. The 6 year old daughter of George Firstenberger was horribly burned at Seneca Saturday morning. It seems that she was playing with some other children in a child's playhouse, and accidentally lighted a match, setting fire to some hay which they had spread around. Her clothes immediately caught fire, and before help could reach her, that she died soon after. A quartette of "lightning rod dis pensers" is doing a thriving business at swindling Labette county farmers. They make contracts at apparently nominal rates, pursuade their patrons to affix their names, and when the work is done they demand payment according to the exact terms of the contract, which calls for several times the amount the farmers expected to pay. The Missouri Pacific lost seven bridges between Preston and Conway Springs by the big rain on Saturday night. Telegraphic communication was carried on by that company by the way of Preston and the Rock Is land wires to Harington. The Missouri Pacific suffered immense damages and it will be a long time before the road will be open for business again.Preston Plaindealer. C. O. Beardsly, Ben Verbryck and Sam Davis escaped from the city jail at El Dorado one night last week. They removed the bolts from the lower hinge of the iron door, sprung it out wedged it out at the bottom and crawl ed out. Beardsley as serving a sout ence of 1,050 and Davis 150 days for violating the prohibitory liquor law Verbryck was convicted of assaulting an officer and was held for payment of fine and costs. They are still at large. A boy probably 16 years of alge, giv. ing his name as Louis Kirk. applied to Chief of Police White Tuesday for money with which to buy a ticket tic his home in Alexander, Neb;, says the Atchison Champion. Kirk who is a typical country boy, went to Kansas City some time ago to visit his married sister. He informed Chief White that be liked Kansas City and would have remained there but for the fact that his sister had taken on too many city airs to suit him. Everything went all right until meal time, when young Kirk wanted to eat his potatoes with a spoon, which his sister refused to stand. The country brother insisted on eating potatoes in the good old fashioned way. So much objection was raised to this that life hur.
The county has got its money out of the suspended State National bank. When a reporter for the EAGLE called at the court house yesterday County Attorney Boone and Judge T. B. Wall emerged from the county commissioner's office, sweating like industrious Africans at an election, into the corridor to take a bath in the south breeze that blew through. Both of them looked like they had gone through a cyclone and their disordered locks indicated that they had done a good deal of head scratching to develope the ideas, plans and arguments with 'which they conquered. They had just finished their work in securing from James Lombard $19,051.84 and from John B. Carey $9,525.90 making in all $28.557.74. This is the amount of money the county had on deposit in the State National bank at the time of the suspension of that institution. The Carey's were the first to propose to settle with the county if Mr. Lombard would and offered to settle the bond in proportion to the stock each had in the bank. Mr. Boone and Judge Wall then went to Kansas City and by some very clever legal maneuvering presented the matter there in such a forcible manner that Mr. Lombard indicated that he would probably accept the proposition. The final settlement was made yesterday in the county commissioner's office in the presence of all concerned except Mr. Carey who is in California. The settlement is, in a measure, taken as an indication of the future of the bank. Some regard it as not very favorable to the effort being made to reorganize. They argue that if a reorganization was probable in the near future there would be no necessity for the settlement of the bond, as the county could then come in like other creditors. This, however, is only an opinion and it may be wrong. Negotiations for reorganization are still going on and the result will be known within a very few days.
CITY IN BRIEF. Mrs. E. Watrons will go to Sparland, III., today. George McNeal went out last night to visit Morris Lloyd. Oscar Smith is at Kausas City on important business matters. The Arkansas river has fallen until it is about its normal condition. H. Kip Fenton returned from St. Louis and Sedalia yesterday morning. A fine concert will be given tonight at Sickner's conservatory of music. Mrs. Margaret Collins left for Springfield, Mo., on a visit yesterday. Already the boequets are beginning to pour into the county jail for the Coxeyites. Miss Etta Mills of Mulvane is visiting her cousin, Miss Sallie Mills of College Hill. Colonel Dyer and wife left last evening on a pleasure visit to Colorado Springs, Colo. Miss Fannie Hill of Peck, is visiting her aunt, Mrs. M, E. Smith, on South Emporia. Mrs. Hallie Hays is visiting friends in Wellington. She will be absent till after July 4. Frank Dorsey of Peabody, was in the city yesterday feeling the pulse of the cattle market. A. P. Wright of Chicago formerly of this city, is spending a few days among his old friends. Mr. W. J. Wilson of Pittsburg, Pa., is visiting his sister, Mrs. J. A. Lawrence of Wabash avenue. A literary entertainment of a great deal of merit will be given at the Pro-cathedral school this evening. There is one young man in town who has voted at every primary election held in Wichita this year. E. A. Whitlock WAS allowed a demand against the estate of Robert Black yesterday by the probate court. Miss Gene Kaufman came down from Newton yesterday. She intends to stop for a few days in the city, A very successful lawn social was given last night at the residence of Mr. Fechheimer on South Water street. The Sells Brothers advertising car is tied up in the strike at Hutchinson. It was to have been here last night. The sidewalks on the west side of Main street are nearly completed to the great delight of the afternoon pedestrians. It was reported last night that Jim McGee, "a dead tough fighting man" of this city, was shot at Perry this morning. Steffaiber, Arnold & Co. were allowed a demand of $1,094 against the estate of W. W. Luttrell in the probate court yesterday. Ted Connell one of the Coxey officers now in jail here is a perfect counterfeit actor of Oscar Wilde. He is an actor by profession. A receiver for the State National bank will be appointed today in all probability. All hopes of a reorganization have about vanished. Charlie Parker of Ashland was in the city last night on business. He reports fine pasturage in Clark county and cattle doing finely. Mrs. Dr. H. H. McLellan of St. Marys, Kan., with her daughter Lela, is visiting her parents, W. C. Richards, 1215 North Fifth avenue. A young man named Bob Smith was thrown from a bicycle ou the corner of Water and Douglas last night and internally injured. The mustache shaving mania has set in again with the result that some peculiar looking mugs are to be encountered on the streets. Ben Hatcher has been measuring himself for the position of janitor of the court house and he finds himself of the exact size to fill the place. A small fire was discovered at 616 South Main street yesterday at noon, but it was put out without causing the fire department to make arun, A girl residing upstairs OD East Douglas avenue between Lawrence and Topeka, is reported to have attempted suicide night before last. The report was denied, of course. Shoemaker & Miller. the druggists, have completed some statistics in which they announce the sale of $3,800 worth of postage stamps during the past two years in business. The state board has failed thus far to send a list of the railroad assessment to County Clerk Carvin, and that gentleman, in consequence, is unable to make up his tax rolls. The Salvation Army people are raising funds for the purpose of buying a taber. nacle. They think they can fight satan better in cooler atmosphere, as cold does not agree with him very well. Tarry King, the short change man, who was knocked in the head last Sunday by one of his pals and robbed of $80, and who was pickedup along the Santa Fe track left last night for parts unknown over the Wichita and Western. George Benneit was attacked a few nights ago by foot pads. He gave them a good licking as longas he bad the strength and when that failed him he resorted to speed. Both combined brought him out of the difficulty without a scratch. Kittle Morris, a buxom black woman, was quartered behind the city prison bars last night. She and another colored woman engaged in a hotly contested scrap. She is charged with fighting, and was trying hard last night to find some one who would pay her fine. Arkansas City played a mean trick on Wichita yesterday bv buying a ticket for & penniless woman of that city and sending her up here. The poor woman has a sick child and the Peerless Princess has a heart big enough to take care of them, even though they are strangers here.
F. W. Bentley Gets an Office. WICHITA, July 6.-Fred W. Bentley has received a telegram from Senator Martin notifying him of his appointment as attorney for the receiver of the State National bank. The compensation for the attorney is fixed at $20 per day for every day he is engaged.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland. receiver, with the legal proof thereof, within three months from this date. or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
Is hereby given to all persons who may have claims against The State National Bank of Wichita, Kansas, that the same must be presented to Cyrus A. Leland, receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. JAMES H. ECKELS, 52 6t Comptroller of the Currency.
The depositors in the State National bank will receive in cash 15 per cent of their deposits just as soon as their checks can be paid out. The amount of money to be paid to depositors is $26,000 and it will be paid to about 430 people. The money belonging to the State National is all in Washington and the checks are drawn on the, United States treasury. These checks of course when paid out are as good as the cash anywhere. The receiver of the bank, Judge Leland, says that all money paid out must come from the comptroller of the currency as none of the money is kept here. He says whenever a collection is made that the money is immediately forwarded to Washington. In this case when a dividend of 15 per cent was declared by the comptroller of the currency the blank checks were sent to the receiver of the bank and he filled in the names and the amount. The checks were then returned to Washington and were signed by the comptroller of the currency and returned to Wichita, arriving here yesterday. Judge Leland said last night when asked in regard to the ability of the suspended State National to pay out in full that he could not make a definite answer to that question. There are several questions to be considered. "In the first place," he said, "the Lombards have denied any liability on their stock, and that point will have to be determined. I am of the opinion that they will have to pay up, as I do not think there is any loop hole for them to slip out. "The Lombards hold $50,000 stock and the stockholders are liable to the depositors for the full amount of their stock. The Lombards are good and if their transfer of stock is not recognized, it wil make just $50,000 difference to the depositors of the bank. "Then again, the bank holds claims against a good deal of real estate, some of which is in litigation. The bank has a claim against the lot and building occupied by Mr. Katz's dry goods store, but there is an $8,000 mortgage on it. It seems to me that that is one of the most valuable piece of property in the city, and the bank onght to realize something out of that. "There is other valuable property held by the bank but I cannot tell how much can be realized out of it. I have never held out any false hopes to the depositors but I am going to do the best I can for them. "In settling up the business of the bank a good dΓ©al will depend on the times. If we have good crops this year a good many men who owe the bank may pay up. Then if times ease up real estate would bring better prices and that would be in our favor. Judge Leland is very cautious in his estimates of the bank's ability to pay, but his manner more than anything else showed that he thinks the depositors of the State National will get more than some of them expected. There seems to be a friendly rivalry between Judge Leland and Major Ewing as to which bank, the State National or the Wichita National, will pay the largest per cent to their depositors.
# WICHITA WINS SUIT # JUDGMENT GIVEN AGAINST STATE NATIONAL BANK. Judge Dale Decides That the Money Deposited by the Former Police Commissioners was by Special Agreement and Gives the City Judgment for $2,000 and Makes Their Claim Preferred-History of the Transaction-Judgment Given on Agreed Statement of Facts-General Rejoicing. There is rejoicing in police circles and well there might be, for that department secured a judgment yesterday in the district court for $2,000 against the receiver of the State National bank, which makes this amount and the department a preferred creditor, and as a consequence they will receive their money. It will be remembered that during the administration of Dickson, Brown and Davis, members of the Populist board of police commissioners that by special arrangement with the cashier of the defunct bank, the funds of the board were deposited with the bank to the sum of $2,500. Five hundred dollars of this amount was received, leaving the balance of $2,000 due the department. Suit was brought against the receiver by Joseph Houston for the department and the suit was tried before Judge Reed, who gave judgment against the receiver. The bank, by its attorney, demurred to the judgment and Judge Dale granted the bank a new trial. The evidence was submitted to Judge Dale yesterday on an agreed statement of facts and he rendered a long and thorough decision, going over all the points raised by the attorneys and gave his decision in favor of the police commissioners, adjudging that the claim against the bank was a preferred one, and ordered the receiver to pay over the amount. This will prove a great benefit to the city at this time and there is general rejoicing, not only with the police department and its attorney, but with the council and the taxpayers.