Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-22
tax en-; but 1 WAS unable to find any of
the directors or to get any more definite

and possibly some definite action was
tax en-; but was unable to find any of
the directors or TO get any more definite
information of any such a meeting.
Bernhard Bsiucke, the large Wholesale
meat dealer at No. 1876 Fulton street, is
one of the sioux holders of the bank and
also considerable depositor. He Is a
very wealthy man, taking rank among
the multiple miliionaires. He has been
very active and influential in securing
signatures 10 the depositors' agreement,
and rumor has it that in case of reor-
ganiZation of the bank he is TO be its
president.
SIGNIFICANT SUGGESTIONS.
On this gu stion OF reorganization
ain reminded of a significant word
dropped by Attorney Jones during his
conversation. He said that among other
sugg estions that had been made was one
to let the present bank go into liquida-
ton and organize another on the spot.
This, he said would call for but $780,
900, or $500, 900 at most. The new bank.
he thought, could retain the business Of
the present institution.
As TO the receivership proceedings MIR.
Jones said they were of friendly char
acter. The Apgar estate had begun
them when they did merely to gain prec-
edence in case a receiver should become
necessary. They would not he pressed
TO the embarrassment of any plans for
the restoration of the bank to solvency.
l learned yesterday from an officer of
the bauk the true story OF its untOrtun-
ate stoppage. 1t will be recalled that
the examiner found SCI 900 in money in
the vaults, which circumstance made it
hnf MI
doors with but twenty-five minutes of
the business day remaining and no pro-
nounced "run'' on it pending.
The examiner had insisted that the
bank IS own officers were responsible for
closing its doors, while the cashier insists
that the doors were closed by order OF
Examiner Cahil. The facts are these:
THE TRUE TALE.
At 2:35 in the afternoon on that fatal
day check for $40. 900 was presented to
the paying teller. 1t was not city
check, as has been enormously stated,
but an ordinary private check.
The teller had not that amount of
funds in his Gust ody at the moment, ana
seems to have become frightened. He
manifested his fright by his manner and
asked the holder of the check to with
bold it.
Examiner Cahill overheard the con-
versatlou, and said to him that if he
could not pay the check the bank might
better be closed. The teller might have
stepped to the vault and secured two or
three times the amount required or he
could have procured 1t from the receiv-
ing teller who had many thousands under
his hand. He did neither, but entered
into the discussion with the holder of the
check, which was overheard by EX-
amner Cahll.
After telling the paying teller that the
bank had better be- closed, the ex-
miner stepped to the receiving teller and
said to him that he had better close his
windows and receive no more deposits as
the bank was not able to meet its obliga-
tious.
''CLOsE THE BANK.
The receiving teller hurried to the
cashier, who at the moment was engaged
with couple of callers. The teller in
terrupted the cashier, saving: 'Excuse
me, Mr.. Cashier,'' and then leaning
over and speaking in low tone, "have
you given orders to close the bank?'
Before the cashier could reply Exam
iner Cahill, speaking over the teller's
shoulder, said: 'Close the back, Mr..
Cashier, close the bank! You are una
bic to meet your obligations and must
close up at once. -
The doors were thereupon closed aud
the notice "closed temporarily put
out
Had the bank continued paving until
the close of banking hours that day-but
twenty five minutes longer-for which it
had plenty of funds In hand, it would
not in all probability have been COM
PEELED to suspend at all. But having
suspended it caunot resume until pre-
pared 20 respond Immediately to all de-
mands; ana confidence having been dis
turbed these demands would probably
not cease until the last obligation should
be paid.
Superintendent OF State Banks Preston
told me on Saturday night that he was
satisfied of the ysolvency of both the
Mechanics and Traders bank and the
Bank of North America, both of which
are state Institutions, subject to his
supervision. He said that SO well salts
fed was he of their absolute ability to
meet all of their obligations that, de-
spite the talk about them, he did not
consider it even necessary to examine
them, and should not do SO.