The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-27

Conference Held Behind Closed O00fSs ana
b an Extended One-Directors Mako
Excuses for the Banks Courss Regard
Ing the Calumet Electric Stock and
Make all Kinds of Promises-Eckles
Talks to Thorn Like Step. Children and
Advises Them to Accumulate Nomsa-
tnm Very speedily.
Washington, Dec IA committee Of
directors Of the collapsed National Bank
of Illinois, located in Chicago, called on
Comptroller Eckles today. for personal
conference regarding the banks affairs.
The directors thought that a better un-
derstanding of their own positions and
that of the comptroller would be obtain
ed by a personal interview than by cor
respondence. They also desired to see
the originals of certain letters, which
passed between the comptroller and the
directors, some question of the anthem
ITCHY of signatures having arisen.
The committee of directors included W.
D. Kerfoot, George E. Adams. William
r. Page and Charles R. Corwith. They
reached the treasury department shortly
tefcre II O'CLOCK, and were ushered 90
the comptroller's Office. the doors being
locked, and the conference held in secret.
The conference was an extended one
The directors stated to Mr.. Eckals that
they desired to mike a statement IS 10
their connection with the affairs of the
tank, and explained heir relation TO ais
H. management since the letter written the
directors by the comptroller in 1895.
Mr. Eckles SAIL to them that he fcit
confident that tire management or the
bank had been very negligent indeed.
The directors thereupon explained that
the banks directors, since the receipt OF
Mr.. Eckles' letter, repeatedly had tried
to close negotiations for the sale or the
Calumet Electric company with view
to realizing upon it, but the business
conditions of the country, the long pont-
ical campaign and the trouble with the
diamond Match company. had caused
failure of these negotiations thus 'ar.
They expressed a desire to do everything
ir their power to aid the receiver IN real
izins the utmost from the assets OF the
bank. ,,,,+
IA would exact their TO make every
rose;hle effort to realize from the taiu-
NET road and at the best hgures poss'-
he.
The delegation informed the coihPlioi
Ter that they had no one to recommend
for receiver. and no protests TO MAKE
against the appointment of ony one anc
were perfectly willing to cooperate with
any one Mr. Eckles might see MT 10 ap-
point as receiver.
This afternoon Mr.. Adams. for the
committee, gave out the following: we
had a very pleasant interview with the
comptroller. Our purpose was TO sho"
what we had tried to do to improve the
condition of the bank since the receipt
of the comptroller's letter year ago.
Our talk was mainly about the Calumet
Electric. We feel that the comptroller
will do all that he can to realize all that
can possibly be realized out of the assets.
We feel hopeful about the result. We
made no suggestions about the receiver
ship. either for any one or against any
one
Comptroller Eckles said this afternoon
that he had decided to appoint National
Bank Examiner McKeon, now in tenn
porary charge of the failed National
Bank of Illinois. as permanent receiver
of that institution. The appointment. 1t
was announced, would be forwarded this
q fforponn