The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-08-14

For the first time in twenty-five years
the Wichita national bank rallied TO open
It's doors and transact the usual bueiness
yesterday.
At o'clock the following notice was
posted on the front window:
This bank is in the possession of the
comptroller of currency.
&C. A. WALKER, Cashier"
During the early morning hours dense
throng of people gathered around the win
dow where the simple three line notice was
posted and 1t furnished theme for enough
discussion that would make a book larger
than Webster's unabridged dictionary.
The majority of the people expressed
great sorrow over the failure Of the bank
to open, while some stood around smiling
and happy over the unfortunate event. IL
is unnecessary TO give description OF the
latter people or to go into details as to their
character aud standing in the community.
One of then is reported to have said when
the announcement was made that General
Grant died, 1T is a darned pity he didn't
de twenty years ago"
There was comparatively no excitement
manifested. The eRlg event that could DC
considered as exciting at all was the per-
sstence OF a fat old lady TO get in for her
money. She had about 500 in the baak.
at the door and would have remained taere
yet were it not fer he good, kind heart OF
Farmer Dsolittle who took her aside and
in that parental and patriarchlal way of
bis persuaded her to go home and await
results. She lually toek his advice.
STATEMENT OF CASHIER.
A reportsr for the EAGLE calied last
evening at the residence OF Charles a.
Walker AMI asked for a statement o. the
condition OF the bank.
II would like to oblige you" he said ia
his usual sfrabls manner, but ! assure
YOU it Is impossible for me to do so with
out violating all courtesy aud the rule OF
the comptroller Of the currency. he tele-
graphei us to collect up rs usual, but TO
pay nothing out until the examiner Is sent
here"
When will that be?''
II think Majer ErEing will be here this
morning"
"Wili statement be made then?"
"No, do not think so. No statement
| will be made till it is made to the comp
! trOller of currency. Without giving you
/ figures will say, however, for the benefit
| of the deposit0rs that IL Is my most candid
| aud honest opinion that they will get dol
| lar for dollar. II we collect IS per cent OF
! our paper we will be .able TO do this
| vii bout assessing our stock holders
| IL none of the paper could be realized on a
small assessment on our stockholders
would give Us enough money TO pay dol
/ lar for dollar OF the deposits.
! 1.-The assessment of two stockholders
alone, to the extent of their liability. and
they are perfectly good for it, would give
us enough money TO pay up In full L do
! not think there will be even receiver APP
pointed, for it is fairly certain that the
| bank will resume business inside OF sixty
| days This will be done, ! believe, TO save
! Of Mt
in the interest of the depositors
What. in your judgment, WAS the cause
| of the SUSPENSION
| .'SImply malicious living. There seemed
| to be u systematic effort made to push us
TO the wall for an apparent purpose.
'.We have fought it like tigers, but IL Is
| impossible for bank to successfully resist
the gossip of people who are determined 70
| talk il to death AS an ILLUSTRATION of this
| there was a document filed in court few
DAYS ago. The court decided case
against us invOlvinga disputed verbal con
tract Tor 500. We desired TO appeal II
and. Judge Reed upon going away, SAT-
that 40 attempt at execution should bS
IN de until his return. Notwithstanding
this the attorney in the case asked fol
Judgment. IL SO appeared III public
record, and people began TO wonder why {
Judgment should be filed against ouI
bank. We could pay $500 at any time
/
want to paw it, as we desired TO appeal TIT
case when Judge Reed came home. Their
was no end TO such small, little things p
this. Ii Is a p-rfect shame the way W
have been treated. We could go out q
any time and force the collection OF pape
We hold against our best business men. L
j. abso utely good, bat We did not want q
force. and ruin them perhaps. Mr.. Levy ans
the directors simply sacrificed themseive
| to save others and TO protect the bushes
interests and enterprises OF Wichita. !
merchant may be "a good as gold ann re
not be able TO pay his obligations on de
, mand. Our paper Is good and 1t Will b
paid" Mr. Walker then stated that tn
paper received among the assets OF tn
bank was sifted a long while ago an
$4,000 of /, dropped out as bad. lt Is o
the remainder he estimBt,s that II thirty
, five per cent is paid in the bank will pa
, dollar for dollar. Ii would seem then tina
l il would be an easy matter 10 collec
thirty-fiye per cent on paper thus cutIed-
LAST STATEMENT
The following is the last statement c
> the condition of the bank, pub!ishe
: July 2i: -
| Loans and discounts. .......-.-.-- si2I 30
/ Overirafts. secured and u1se- .,.
cured ,-.-i---;;.-. 5fg,5]
d, 1 stocks. securities, Judgments ,,,-,
: gSSn1SinE, house FUR tire and nx- -,