The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-05-19
MISSOURI STATE NEWS.
The First N,r,.cs, OF se,Iali,.


SEDALIA. May s-W. 4. Latimcr. na
tional bank examiner, has charge Of
the First national bank, which sus-
pended May 4. 1t is said that he found
less than $1,000 in cash Mr.. Latimcr
has been busy day and night investi.
eating the banks condition, but when
seen last night and interrcgatcd about
the rumor that Cashier Y. c. ThOmp.
Son was a fugitive, lie would neither
affirm nor deny the report. lie admit
ted, however, that he had wired con.
siderable important information to
Comptroller Ecklcs regarding the
banks condition, and also consid-
cradle regarding Mr.. Thompson
personally, but beyond that he
would say nothing. 1t is known that
MIR. Thompson has lost heavily in the
past three or four years in real estate
deals in Kansas City and California,
and the belief is fast gaining ground
that depositOrs will realize very little
out of the banks assets. Mr. Thomp
son has for years been one of the lead.
ing citizens of Scdalia. pillar in the
Episcopal church and there was never
a public enterprise that he did not con.
tribute to it both his time and means
Ills residence property has been adver-
tised at sheriff's sale to satisfy jndg-
ment in favor of the First national bank
of jefferson City: and this, il is be-
lleved. is but the beginning of much
litigation. 4 few years ago the First
national did the largest banking busi-
ness in the city, but when the rumot
came year ago that it was in Il Shaky
| condition MANY of its heaviest depos.
itors changed to other banks. but up
| TO tine very last II had 4 goolly num-
Der who stood by il and were positive
that the stringency of the times was
the sole cause of the trouble
RECEIVER APPOINTED.
| SEDALIA, May Ill Bank Examiner
Latimcr has been appointed receiver OF
the First national. having resignej
temporarily as examiner. II i be-
licved that Cashier Thompson has fled
to Mexico. and the statement is mad,
that he commenced crooked wosk ir
the bank two years ago. Thompson
| has many friends. who express sym.
pathy for him. and they would have
| raised thousands of dollars to have
prevented the crash
TURNS OVER EVERY DOLLAR
SEDALIA, May Il.-Cyrus Ncwlirll
president of the suspended bank. ha.
given bill of sale on every dollars
worth of property owned by him. here
and elsewhere, in behalf nf the banks
dcpositor>.
HOT AFTER THOMPSON.
SEDALIA. May l2-Erliablc infOrma-
tion coming from government official
has been received from WaSliin "tnn t.
the effect that the treasury department
is taking extraordinary measures tc
secure the arrest of Cashier Thompson.
1t i stated that the total of the mis-.
appropriation 10y Thompson can no; be
estimated with any accuracy: in fact,
guess might easily he Sl0g, 900 away
from the actual figures.
LOOKS LIKE \ CLEAN SWEEP.
As the examination continues the
condition of affairs grows worse. The
investigation thus far. while far from
being complete. warrants the state
mcnt that the bank examiner will bC
compelled AT an early date to order an
assessment of 100 per cent. on the cap
ital stock That means a levy of S250.-
900. sum which, rs large rs it is, may
not hc sufficient TO repay depositors
dollar ;or dollar.