, 1891-11-19
ALL RIGHT SO FAR.
Everything Examined Found Cor
rect in the Cheyenne National.
The Bank Will Probably go Into a
Receivers Hands.
Work of Examination Will Probably
be Concluded Saturday.

Very fair progress is being made by
Bank Examiner Griffith assisted By Geo.
F. Morgan and w. S. Hurlbut in the
examination OF the affairs of the Cheyenne
National bank. The certificates of de
post, cash and bills receivable were all
checked up and verified yesterday and
found to be exactly right according to the
statement. 1t is now expected by the
examiner that his work will be finished
by Saturday so far as the examination is
concerned. The work is much more
tedious than it would be were Cashier
Beard alive. Besides two of the bank
men are absent, Mr.. Jillich Oh mis- way
East with the remains and Mr.. Snyder at
his new post of duty In the First National
bank. The latter. however, appeared for
a couple of hours Yesterday and took down
in short hand a large number of letters
which Mr.. Griffith found necessary to
write and this helped out matters wonder
fully.
There seems to be an impression among
the newspapers outside of Cheyenne that
the bank may be reopeued for business,
but this does not seem at all probable. f.
A. Reed. formerly OF Cheyenne but now
OF Ogden. was in town yesterday and it
was rumored that he had brought a big
bundle of money with him for the purpose
OF reopening the bank by assuming all of
Its liabilities. He visited the bank during
the day, but this step could not now be
taken no matter how much disposed Mr..
Reed might be. The affairs are in the
hands of the government examiner and in
ment of a receiver. The latter may come
from any place in the state except Chey-
enoe or ever outside OF the state as the
comptroller of the currency NAV dictate.
f. 4. Addoms of Denver has been
strongly mentioned in this connection not
only because of his knowledge of the
affairs of the Cheyenne National (of which
he was once CASHIER but because of his
intimate knowledge of the people of
Cheyenne aud their financial standing. 1t
is doubtful If MIR. Addoms could be
induced to accept although his appoint
ment would be immensely satisfactory not
only TO the ~depositors but to those who
owe the bank as well.
The appointment Of a receiver is pretty
nearly a foreRone conclusion. Under the
rules of the department he Is not allowed
to pay out directly a cent of the money
realized from the banks assets. The
money thus raised is sent to the comp
%troller's office In Washington and is there
credited to the CHEYENNE National bank.
When a dividend is declared the money
will be paid the depositors by checks sent
them from Washington.
So far everything has been found pre-
cisely as it was represented to be by Mr..
Beard. As to the value of the securities
n, judgment can be passed upon them
yet by tie examiner, because he hasn't
the necessary local knowledge.
The examiner Yesterday receipted for q
telegram from John W. Collins to George
L. Beard. 1t related to a routine matter
of business. The telegram reached here
Tuesday afternoon, indicating hat up to
that time Mr.. Collins was not aware of
the death of Mr.. Beard. A telegram
had been written out to send to San
Diego Immediately after the discovery of
Boards body, but it was not sent, as after
consultation with the examiner, the bank
attorney and several others it was thought
better to have the news reach Collins in a
more indirect way.