The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-28

Elected Cashier--Mr. Jobes Remains
With the Bank--J. o. Davidson, Like
Old Glory, is still There.
This Sunday morning behind the clos
ed doors of the Citizens bank the old
reliable Kansas National bank is TAX
ing its Sunday rest and tomorrow morn
ing will open for business in the finest
equipped bank building in the state of
Kansas.
The Kansas National moved into its
new quarters last night and the last
work of the Citizens bank was to send
out by mail to all their depositors the
following two circular letters, both on
one sheet:
Citizens Bank Of Wichita.
Wichita, Kan, April % 1895.
Dear Sir-This bank will cease to do
general banking business, at the
close of business, on Saturday, the 9th
inst, and il has placed on deposit with
the Kansas National Bank, Of Wichita,
Kan, a sum Of money sufficient to pay
all its deposits; and said Kansas Ma
tionaI Kank will honor your checks Tor
your balance in the Citizens Bank.
This course is taken as a matter of
convenience to our many patrons, and
to the Kansas National Bank, which
VIII occupy the rooms now used by the
Citizens Bank, on and after Monday,
April %. We retire with the best wishes
to all our customers.
ARTHUR FAULKNER, Cashier.
Kansas National Bank.
j. o. DAVIDSON, President
c. II. Davidson, Vice-President.
A. c. JOBES, Cashier.
Wichita. Kan Anril . 1S9S
Dear Strive have received from the
! Citizens Bank a Cash Deposit of the
amount standing on its books to your
credit, which amount we have placed
to your credit upon our books.
We pledge our most watchful care
and attention TO any matters entrusted
to us The policy of this bank will be
conservative IS heretofore, though we
expect to transact all lines Of legitimate
banking on terms as liberal as the
character Of the account and standing
OF the parties would seen to warrant
We would say, furthermore, that there
has been no consolidation of this bank
with the Citizens, nor have we purcnas-
ed any of its assets, or assumed any of
its liabilities except deposits. and for
these they have deposited Actual
Cash to cover ~ C. JOBES,
Cashier
The Kansas National under its new
management is now one of the most
promising banks in the state. Its bus
mess has increa sed very substantially
in the past few weeks and its we'll
known conservatism will insure the
confidence Of the business public in its
stability
It is claimed by men posted in bank
ing that the Kansas National makes
the best showing that can possibly be
made by a national bank more than -
per cent Of it's liabilities being in avail
able cash, and there is not a bank in
solid old st. Louis that can make a
better showing.
j. Q. Davidson, president of the Kan
sas National. has always had the con-
fldence of the people of Wichita and
they believe in his ability as financier
e II. Davidson, vice-president of the
bank, is also president of Austin Ma
tional bank of Austin, Mimi, and has
a good standing among bankers and
f1nanciers. He is considered a safe
man.
A. C. Jobes will continue as one of the
directors of the Kansas National. and
Arthur Faulkner will be cashier These
TWO men are known to every business
man in the city, and to all the promin-
ent farmers of this section of the state,
and their presence in the bank will in
sure its continued popularity with the
people.
1t is understood that before going
into the Kansas National. Mr.. j. O.
Davidson not only examined all the
accounts, but had two experts to go
over the books, and the result was the
conclusion that the Kansas National
had suplus enough to make good every
doubtful claim held by the bank.
The Kansas National bank was or
ganized in 1876. as a private bank by
Il
a state bank in 1877 and nationalized in
1882
Crop failures have followed abund-
ant harvests. Rooms have been sue
ceeded by destructive collapses, and
general financial depression with its
effects. has come close upon
the heels Of great business prosperity
but the Kansas National stood through
ii all like rick ribbed promontory in a
storm swept sea. and financiers who
now pin their faith To ii are doing so
because the wisdom of its policy has
been Vindicated by time and the most
trying tests.
The old Citizens bank has retired. but
its officers go from the field with their
side arms and flags They maintained
the honor of the Citizens bank and not
a single depositor has ever lost a cen
by il. The last official act of the Citi-
zen's bank was To deposit in the Kan
sas National enough money To, pay its
depositors to the last farthing and all
they Will have to do to get their money
il to present their checks to the Kansas
National
The Citizens bank was organized in
1855. ]. q. Davidson was its president
all the time of its existence, and the |
bank was always popular and from this |
time or the people will remember il |
kindly. and it's officers viii still re- |
tan their reputation for integrity so |
richly earned in its service ]. c. |
burst, the first cashier OF the Citizens
bank was succeeded by Arthur Faux |
ner two years ago. Mr.. Faulkner had |
almost entire control of the Citizens |
bank during the time he was its cash |
er. and during that time he earned a |
reputation for business Sagacity that |
any man might well be proud Of.
The change in the banks was dis |
,ussed yesterday and last night in |
stores. offices and the hotels. and the |
general opinion seemed to be that the |
change would prove a good thing for |
Wichita Men who are on the inside |
,iaim now that there is men behind the |
Kansas National who are able 70 make /
L one of the strongest financial inSti- |
buttons in the west. and a great future /
S predicted for the Old Reliable Kan /
las National.