Fair play., 1894-05-19
MISSOURI STATE NEWS.


The First National OF Sedaiia-
SEpALIA. May $.-W. y. Latimer. na-
tional bank examiner, has charge OF
the First national bank. which >us
| pended May I. 1t is said that he found
less than 81, Gao in cash Mr. i.atimcr
has been busy day and night inves:i.
eating the bank condition, but when
seen last night and interrogatcd about
the rumOr that Cashier J. c. Thomp-
son was Il fugitive, he would neithe!
affirm nor deny the report. He admit
ted, however, that he had wired con.
sidcrabl important information tC
Comptroller Eckles regarding the
banks condition, and also consid.
cradle regarding Mr. Thompson
personally, but beyond that he
would say nothing. 1t is known that
Mr.. Thompson has lost heavily i'll 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 Setlalia. a pillar in the
Episcopal church and there was never
n public enterprise that he did not con
tribute to it both his time and means.
His residence property has been adver.
tised at sheriff 5 sale to satisfy Il judg-
mcnt in favor of the First national bank
of jefferson City: and this, it is be-
lieved. is but the beginning of much
litigation. \ few years ago the First
national did the largest banking busi-
ness in the city, but when the rumor
came a year ago that it was in n shaky
condition MANY of its heaviest depos.
itors changed to other banks, but up
to the very last it had a goodly num-
Der who stood by it and We're positive
that the stringency of the times was
the sole cause of the trouble.
A RECEIVER APPOINTED.
SEDALIA, May ll.-Bank Examiner
Latimer has been appointed receiver o,
the First national, having resigned
temporarily as examiner. 1t is be-
lieved that Cashier Thompson has fled
to Mexico. and the statement is made
that he commenced crooked work in
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.
SEpALIA. May l1.-Cyrus Newkirk
president of the suspended bank. has
given bill of sale on every dollars
worth of property owned by him, here
and elsewhere, in behalf of the banks
depositors.
HOT AFTER THOMPSON.
SEDALIA. May l2.-Rclia BILE informa-
ton coming from n government official
has been received from Washington tc
the effect that the treasury department
is taking extraordinary measures tG
secure the arrest of Cashier Thompson.
1t is stated that the total of the mis-
appropriation by Thompson can not he
estimated with any accuracy: in fact.
a guess might easily be $l0O,0 away
from the actual figures.
LOOKS LIKE A 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 be
compelled at an early date to order an
assessment of 100 per cent. on the cap
ital stock. That means levy of $780,
900, a sum which, as large as it is. may
not be sufficient to reray depositors
dollar for dollar.