The Leavenworth weekly times., 1877-10-25
A sruPEHp0us FRAUD.
A Grsdua! unsarth;n3 of the Secret
Workings of the Old leay-
enworth Savings Bank.
The Stockholders Compelled to
"Come Down. and Pay Their
Assessments to the Credi-
tors of the Establish
ment.

| n1eut
p"rIhs 'he if'Nen' s.''i"s vi '"e
trict Court, mention has been made IRON
| time TO time in the official reports of the pro
| - ..,,- ,,-,-.
| ceeuhsso VI csisss en'iueu hle'n S n
assignee of the Leavenworfh savings Bani
IT. g -. no, .s ,,a,,.r q
| 1"eS '"S "o"" ny '
| TACT have been Drought hau there no
| been sufficient grounds 10 suppose
| -, -, -, -, 80 -, =.
| Hauo h'i" oe"h h"i'eo anu ~ i'e "
| possible perpetuaied by the manager
| of the cnuc.rn A. th,. c:sr.s AGAINST the sey
| =, ...,,.-,,..., ..,..,,,.. -, 90 IN. owl
| eiai ihai' iauAi i"eNaoei' iAS o' -
| dence accumulated in such force tnat towart
the Last the attorneys ON either side agreed t6
| lump s"ne VI ' - ''.
such that IL bore on all alike Attorneys
Coueh A. Wheat and j. H. GiIpatrick had tn.
| -, o.. ,n,, ,.,.;n,;r .,d paI.,
| mat1r IN h''hh ior '''e Pi"'''',i' anu N'
and Dill and Stillings and Fenion were Sc
4 cur.d for TN. defense
P"f'io" VI 'ie '''S f''u"e" "s '
4 dence, 90 10 SHOW that the LeaSenworth ST
wings bank was instituted with vaunted
| -, .,t, ,,f sIa,a,n
/ N"P
THAT STOCK
| was produced by the company buying bonds
l,,,, ~ yo-,, Tr,s, comnanv NOTES ha,nv
| vi '"e ->'" A ~
| gwen lor the amount oi the stock, Anu
| poru NOTES .xn po~ps
| ih - 49,
| left Win the Trust COMPANY as coiatefai sf.
| curiiy. That part oil the proceedlny was all
business ike as venture without any money
/ and oil course ueposiIs roiieu III anu the ooohs
| showing The STOCK anu connuehce IN tue
| concern was as good as could De.
| Some of the share-hoiuers VINO were hot IN
| the ring mad bought Largely oI tne soocA
which as has DSen Pfoycd was not worm the
paper IL Was printed on. , ,.-.
| Along about January iotn 1910, Peutio,ii
/ in bankruptcy, was hleu asaIhst The Dahk.
| This OF cour e, caused nutter among those
who were honestly interested, ana IL was NOT
long until there was suspicion ti,it soine-
rarH w. adiudped bankrunt during the
April term OF the United states District
Court In Topeka, and on May eth, Herman
Marks son was elected assignee OF the defunct
| "estate-" This election was approved on
May 18th, by the Court, and the assignee
was confirmed. ON looking over the books
of the bank he found the scnedu.e represent-
ed Indebtedness oI the nrm AT S-s,JJ5. This
did not seem much for a bank of the dimcn-
sions represented by the stock, and ii was
thought TO be correct Closer Investigation,
however, proved the indebtedness To he near
ly $1,000 and not a cent left to pay it with ;
sponsibility of those who, by virtue of pos
session of certificates OF stock, were known as
members OF the firm. II was found that eigh-
teen per cent. o; the entire amount Of stock
had been paid in. leaving eighty 1.-TWO per Ct Yet
outstanding. IL Was further ascertained that
there was rumor and il proved ru-
NOR only, that allthe outstanding stock had
Deen forfeited Dy the hoh-pay hent OF an
~ I - u n is ~, - -, Iar ~
'hie nn iba a. i5I i, ot Iant,arv IN n was aiso
,,n5ar.,,..,.i IL, f..yy of Ia. ,iirectors nd .
,n.,.ting nne niynt in the n,r,ors of
th,. h.nk and ..nnioaded,, Themselves of The
- t,,,,y I'D tnrniny il over 10 ths hank
- r,hici, ,,rn.,.,iinr mn r,-cnrd xv,s mad. IN,
rhe hook. Th, Ia,Tties charged will this
,rere a Who nv ayr.einp and rnrnipg i'm rhair
-, y, IN, H.,ns ,vnnI6 make t,..,nseIy,.S
no. ,..,Snn,iiy r.snnnsibIe for anvrhing
III Ii ;o, r,i.,,', ,,n,In as ragar,i.d H.. d.
,nands q, tie tepo,irors. This action not 90
-, r., ,'..s.,is .,nd M. f,,c, fh,t tj,.
ihs 'ii 'ie i'ooi"S' an" VII" '''o' ''' '"e
KANSAS INSURANCE CO.,
where one of the ..stockhOlders" was inter
,sled, had draw n large amounts of the dcpoS-
itors' money and where as the mi ling firm
of Skrlton * Co. another firm where "bank
stock" Was held, had ..bridged over- con-
si,.ra bl,. gull caused the idea that there was
di>hopeSry AT th,. bottom some " here 10 Ia.
str.npthed As the matter grew more and
more ,-ouplic,te,i and as each shareholder
sc, med indispoS..d ..tp believe himself iabl,.r
tor .,uythinp ih. suits spok,u of wer,.
brought. and in every case dur
ing the present term before Judge
Fosfer have been decided against
tI,,. sincl holders by comp.;ent jurors The
I,sr c.., tried before "A iurs Yesterday was that
of n N,rkson. assignee. vS Daniel Shire. for
the recovery of eighthty Two per cent. of the
ten shares lac. owned in the concern. The
case ,nnE nm nearly lh,, Who'll. day and when
was given 10 the jury about hall past five
O'Clock
JvpGE FOSTER
a; ,,i ,I,o,o,, s.,,5 IN, s,,,s,,,o tho, o., ,,o,,,
,n ~, ~ ,,Si,E ~ ~, ~ ~ IttiIi,. @ -, Nm
mau i', -, ;ni, b,d hrnn,,t', III, u',. y, Nj.
,.',v..r ,r 80 81 ,h.. .,..cE inr ,h.. h.,nast
fI;' ri ~ ','' n, n noi nv tne Deh.h'
denc,., thought his shares, ten in number,
nai been IorfeiIed. and thar ne was
not IA slockholder, claiming that he was
thereby not liable: Claiming that "A reSoIu-
ton was passed in The. D nix parlorS in De-
cember ls74 asking for an assessment OF -
tssr cent 10 yaDie January I2tn. and il moi