The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-23

soon after receiving the notice. The
Bank of N1innesitl' was the oldest in thu
city and one of the best known through
out the west. II had many correspond
| ents, among them the National Bank Of
| Illinois. out it was stated tonight thai
:he failure of the Chicago bank had
nothing to do with the closing Of this
concern. The small bank at the stock
yards that closed al a result of the other
failure was branch Of the Bank Of Min
resota, but no other local banks are al
| all affected by the failure.
CHICAGO'S FAILURES.
Washington, Dec. 22-Comptroller
Eckels received a telegram early in the
| afternoon stating that everything was
| quiet in Chicago but containing no other
news. He said he did not care to talk
! concerning the situation and that he did
not know yet whether or not there would
be any criminal proceedings brought on
account Of the revelations concerning the
failure. The first duty of examiners
placed in chargeof failed national banks,
he said, was 10 ascertain whether there
| had been any criminal violations of the
| law. He had received no report OF any
as yet but if the examiner did find and
! report such violations, measures would
be taken. Of course, to prosecute the par
| ties reported.
EXCITEMENT SUBSIDIES.
| Chicago, Dec. 22.-The excitement at
| tendent upon the collapse of the Nation
al Bank Of Illinois and its three depend
| ent banks, appeared to have died out
today Runs of more or less magnitude
were made yesterday on several bank
| ing institutions, notably the Garden City
Banking and Trust company. The doors
of that institution were opened an hour
\ l. g. L., \. MOI
a. m. Withdrawals had ceased and de-
posts had trebled the amount taken out.
Withdrawals at other banks were few
and far between. 1t is generally expect
ed that Bank Examiner McKeown will
be appointed receiver permanently for
the National Bank of Illinois.
LOANED TO SONS-IN-LAw.
Chicago, Ill. Dec, 22.-The assets of the
National Bank of Illinois, which closed
its doors yesterday, ere said TO include
in addition to the s2,475 600 loaned to
Robert Berger, a son-in-law Of President
George Schneider, 100000 advanced to
c.. A Weiss, another son-in-law, and
over 100000 Of doubtful debts. Berger Is
a partner in the firm OF E. S. Dryer &
Co.. which also went into the hands Of a
receiver yesterday, and Weiss is a brewer
The losses by the failure will fall upon
state and national banks. Included
among the depositors are the treasurers
of the city OF Chicago, and of the state OF
Illinois The deposits of the treasurers
of Chicago and Cook county will aggre-
gate almost 81 100000 The amount at
the present time on deposit by the state
treasurer is Comparatively small.
Among the depositors were many large
corporations and receiers. They include
the receivers of the Northern Pacific rail
road and the receiver of the whisky trust.
The deposits of F. S. Dryer & Co., in
clude the funds of the West Park board.
The amount at the time the bank closed
was about $4,000
Robert z. Jenkins, one Of the direc-
tors of the National Bank of Illinois,
says:
1.-The directors did not know the size
of the loan on the Calumet Electric. The
discovery of the condition of the loan was
as much of surprise TO me as TO the
public. The same is true Of the loan of
Dryer & Co. The directors were unaware
OF the loans. which appear 10 have car
ried the bank down, or were, until the
latter part of last week. l do not care to
say who I believe was to blame for the
directors being kept in the dark as to the
mangnitude Of these loans''
CITY OF CHICAGO'S FUNDS.
Washington D. c. Dec 22-Mr Eckles.
the comptroller of the currency. received
a telegram today from Mr.. McKeon. the
receiver of the National Bank of Illinois.
stating that the books of the bank show
that quite large sums of public funds be-
longing to the city of Chicago were on
deposit. In reply the comptroller sen;
Mr.. McKeon the following telegram.
your telegram rela tive to public funds
received You may make arrangements
with depositors thereof to issue TO them
at once certificates for such amounts OF
their deposits as an examination of the
hooks of the bank makes clear is due
them. This will enable them TO avail
themselves of the offer OF the clearing
house to advance Is per cent and so pre-
vent embarrassment in meeting public
expenditures"
BANK STATEMENT
Chicago. Ill. Dec. 22-Under the gen.
eral caE issued by the comptroller Of
the currency, the national banks of this
city have prepared statement showing
their condition at the close of business
Dec II. The last previous statement
was made Oct. s.
The fourteen banks show total loans
Of S6S. $50. 22S. as compared with s63. $685.
e93 Oct s. loss in loans of s25,47o. The
total deposits are se4. 341. $50, as compared
with So .3e1 sos, a gain of $40. SS54. 1856
The legal requirements in reserve is %
per cent. or for the fourteen banks. s2S.-
597 s63, while there is held SAT. S9s. oS9 in |
excess Of the legal requirement OF s24,- |
2eS. 30.
CHICAGO'S SECOND CROP
Three Firms and One Individual GO Down |