Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-01-23
NEBRASKA Is A LOSER
Out Quarter of a Million by a Bank
Failure.
THE NEW NOVA SCOTIA COAL DEAL
English Cabinet Council Over the
Egyptian Situation.
TWO SENATORS FROM KANSAS
THE new NOVA SCOTIA COAL DEAL
TWO SENATORS FROM KANSAS
THE STATE Is A LOSER.
Failure of the Capital National Bank of Lin
coin, Neb.

Failure of the Capital National Bank Of Lin
coin. Neb.
Omaha, NKB-, JAN 23.-It is reported from
Lincoln this morning that the stockholders Of
the Capital National Bank are holding a meet
ing and will attempt to reopen the bank in ten
days.
LINCOLN. NEB., Jan 23.-The Capital National
Bank of Lincoln. has failed and the state
treasurer is caught for about $3.50 900. The
announcement was made shortly after II
o'clock last night.
The appearance of National Bank Examiner
j. II. Griffith Of Waho, who came in on the
evening train, was responsible for the closing
OF the bank. which came few hours after that
official began his investigation of the books and
papers of the institution.
Ii Is stated that the failure is a bad one, but
the exact situation cannot be ascertained up to
thus time. The deposits amount to about
1929 900 and Of this amount between S175, 900
and S250,000 are state funds for which the
bond Of the treasurer will be liable.
The capital stock of $3.50, 900 is all paid up.
Cashier Il. G. Outcalt stated that the assets
doubt expressed as to the correctness Of this
statement
CAPT. HILLS GOOD LUCK
Capt. ]. E Hill, ex-state treasurer, in discus
sing the situation could not refrain from ex-
pressing feeling Of relief that he had been
lucky enough to turn his 6lice over to his sue
SCISSOR before the crash came. In this connection
II was stated that the bond given by Treasurer
BARLEY was for So, 100 900, which was $500, 600
more than required by law. His bond includes
nearly all the banks in Lincoln,
and Trust Company Of Omaha. None Of the
big Omaha banks are included, although they
were on the bond Of the treasurer Messrs
Drake and Batch were here few days ago, at
the time the office was turned over and were
anxious at the time to get from under.
The bank skipped a dividend last time, which
was the first occurrence of the kind in its
history.
The last statement showed s34O 900 charged
to the account Of profit and loss. Some time
ago the bank examiner required the bank to
turn q large amount of gas bonds into money
and also compelled the assignment Of the peni-
tertiary contract
IL Is stated that the contract was losing in
vestment, but other information is to the effect
that 1t had always been claimed to be good
property.
Well-known bankers of Lincoln have known
for some time that the Capital National Bank
was in bad shape, but none Of them had been
alarmed for the reason that they have believed
all along that Mosher would be able to assist
the bank from his own funds il the worst came
They now believe that Mosher and Outcalt
are In such close quarters that they could not
save anything even were they disposed to
have done so.
THE BANKS HISTORY.
The Capital National Bank was constructed
from the ruins Of the old Marsh Harvester
Bank Of this city, which died from pure ex-
haustion about eight years ago. Mosher was
the nephew of c. ". Marsh and was connected
with the Marsh Bank, and became a sponsor
for the rejuvenated institution, which was given
the name of the Capital National Bank
The directors Of the broken bank are C. W.
Mosher, c. f. Yates. H J. Walsh, Henry
Guerner and H. o. Phillips. The officers are
c. W. Mosher. president; J. Walsh, vice presi-
dent, and II. C. Outcalt cashier
A meeting Of the bankers of this city was held
at the Lincoln last evening to discuss the situa-
ton. 1t was feared that the trouble would pre-
cipitate run on some of the other banks this
morning, and one of the first things done was to
make arrangements to prevent il. The Omaha
banks were called on and they Immediately re-
sponded by sending representative on a spe-
cial engine to assure the bankers here that
every courtesy would be extended and that all
needed assistance to meet any run that might
take place would be forthcoming.
Secretary Of State Allen stated last night
that the special bond given by the Capital Ma
tional Bank approved by ex-Gov. Boyd
Attorney General Hastings and the secretary of
state. As to the amount of money that was
on deposit with the Capital National
Bank State Auditor Moore said the treas
urer told him a day or two ago that it was about
s250, 600. or S75. 900 more than there was No
vember 80 when the report was made at the
end of the fiscal year.
The situation will undoubtedly result in the
appointment of a special committee by the lepis-
lature to investigate matters.