, 1891-11-25
Where "Ths Daily Leader" May be Pound.
THE THING SHOULD STOP.

movement now on foot with reference to
the Cheyenne National bank. We can
see in it nothing but a deliberate determi-
nation to bring about a feeling Of general
insecurity with reference to the banks as
sets SO that frightened or over credulous
depositors may be induced to part withtheir
certificates OF deposit at half or less than
half their face value. Since the advent
of Mr.. E. A. Reed of Ogden the town
has been filed with rumors tending to
dishearten depositors. The Indebtedness
OF Mr.. John W. Collins to the bank has
been grossly exaggerated until in the
minds of some misinformed persons the
institution has been actually looted by
that individual. Figures claiming
to be official (but in reality
either imaginary or based on the grossest
misinformatloD) are being hawked about
to show the Indebtedness of various local
individuals to the bank. The credit of
many local firms has thus been assailed,
their relations to the bank misrepresented
and their obligations magniied beyond
all reason, until, il all these malicious
statements are to be believed, the Institu-
ton is hopelessly bankrupt, the credit Of
many business men is utterly destroyed
and the very devil is to pay throughout
the corporate limits of CHEYENNE. These
rumors may not have been started by Mr..
Reed nor by the gents whom he has
anattarad about tho ofty h,l .hto fant %
incontestible, that the many baleful
rumors now flying about had rise coinci-
dent with the arrival of Mr.. Reed in
Cheyenne.
But for its possible penicious conse-
quences the meeting held at Keefe hall
last evening would have been too ludicrous
to deserve serious public consideration.
The addresses made by Mr.. Reed and
by Mr.. j. G. Bird in his behalf were
masses OF undlluted twaddle lbait cast out
for suckers) and the figures were an
astounding and incomprehensible mess,
viewed as a whole, and.in detail absolutely
incorrect in every particular. Suppose
Mr.. Reed should carry out his wild eyed
scheme to the very letter and that he
secured possession of every account held
against the bank he would then in his
own person be in the precise relation to
the bank chat all the depositors now are.
He could not open the bank except with
the consent of tho stockholders and the
comptroller of the currency.
Bank Examiner Griffith, when this
matter was laid before him last night,
said that he could give no information to
anyone about the condition Of the bank,
either as to Its assets or liabilities. This
is an invariable rule of the department
with reference to all suspended national
banks. Under the peculiar circum-
stances he did, however, consent to say
this much: Not one item in the figures
which you show me as having been read
out in the meeting at Keefe hall this
evening is correct" Further thar this
Mr.. Griffith did not feel justified IN say
ing a word.
In this connection, however, the de-
positors should not overlook IN the items
of assets the s45, 900 in cold cash in banks
in Denver, Omaha, Chicago and New
York to the credit OF the Cheyenne Ma
tional and for the benefit of the deposit
ors. Every dollar Of this is safely secured
and the vicious rumors to the contrary are
merely circulated to stampede the depos-
itors. In addition must be taken into
consideration the local securities held by
the bank, the real estate, furniture and
fixtures and the city and county war
rants. All these are available in addition
to the notes of local business men which
are good and will be paid.
The statement hat the unsecured over
draft OF John W. Collins is $75, 900 Is SO
preposterous that it carries with it its W
refutation. About n week ago a paper
was filed IN the office of the clerk OF the
district court by Mr., A. G. Campbell as
attorney for the Cheyenne National. The
purpose was to levy upon the property of
Mr.. Collins in this city and county for
the benefit of the depositors. In that pa
per, which, of course, contained the Off
Clai uHuTts as enoNu ny lne jam 3 DOCKS,
Collins overdrait is given as s9,45l, and
the levy is made for s3S, 900. This a mat
ter OF official record open to the inspection
Of everybody.
AS to the bank itself, THE LEADER is
still firmly of the opinion that it will pay
out every dollar 1t ives and our means Of
information are much greater and more
reliable than Mr.. Reeds can possibly be.
The depositors should not wantonly sacri
fee their possessions. They should mo-
permit themselves to be taken in by th,
representations Of curbstone spectators
their attorneys or their agents. Lik,
every otner government business, tn,
process of liquidation OF a national banl
is regulated by cast iron rules from whicl
there is no deviation or variation. Their
is much red tape" IN such a process an,
good deal OF it is necessary. The comp
%troller's Office at Washington must be a