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BANK FLURRY. Considerable Excitement and Some Signs of a Run But Everything Seems Solid. There was some excitement around the State Exchange Bank Wednesday and at times It looked a good there a run deal morning as though would be in dead earnest on the bank. It was not surprising that it was SO when it became generally known that the president, Willis Baker, had turned over practically all his effects to the bank and started to Chicago to find work for his living. Such reports which were confirmed by the bank were naturally disquieting to those that had money in the bank, especially those that had been pinched by the bank failures in the past in this city. Next morning when the bank opened it was with new officers and new faces behind the desks. Quite: number of people appeared and commenced their accounts. cashing and W. Y. intro- Morgan was in the bank was duced as its new president. To a representative of the Gazette Mr. Morgan made a statement substantially as follows: Mr. Baker while he was president had made loans to the Bontz elevator people aggregating about $8000 ,and also some on the Shaw Theatre which now amounts to about $2000 which the directorate of the bank refused to approve and insisted upon holding Mr. Baker responsible for. Mr. Baker finally admitted his own personal liability in the matter and decided that the only way he could assume the obligations would be to sell his stock to pay it. He therefore came to Mr. Morgan as friend and asked him to buy. Mr. Morgan had one of the deputy bank examiners, Mr. Davis, to come here and put in Friday and Saturday of last week in going over all the accounts SO as to make a thorough report on the solvency of the bank. He reported that the bank was in good condition and that its stock should be worth more than par. As Mr. T Morgan had the money he purchased $8000 of Mr. Bakers stock and Mr. Walter Jordan who lives in the north part of this city purchased the other $4000. This in brief is the statement of the bank officials. On the statement that they had arranged with the First National to a cash their checks, the Gazette representative called there and was informed by W. H. Eagan, the cashier, p that his bank had been authorized by S the American National bank of c Kansas City to pay the Exchange b bank $100,000 and instead of sending the money all over they were paying b their checks when presented. Mr. Eagan said that the bank had d enough cash of its own to come withel in about $12,000 of paying off all the in deposits when taken with the $100, W 000 forwarded by the American Natl tional, and that if it should become t necessary, his bank, The First NaW tional of this city, would let them W have,that amount. tl So if there is anything at all to be ha relied on the word of these bankers l'e the deposits of the people are perin fectly safe. n But it has been a hard piece of buspt iness for Mr. Baker, and if it is as 01 the officials of the bank say, he playM ed an honorable part in using his own tl personal property, and just about all of he had in making the bank secure pa against loss occasioned by his bad financiering W an Of course this is the bank's stateW ment and no other is obtainable. But Sv it would appear to be satisfactory. bt However everyone should be his own SW judge. It was satisfactory enough SO fe that a small deposit from this office was allowed to remain. an