The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-27
NATIONAL BANK OFF ILLINOIS.
The Directors Discuss Affairs of the
bank with the Comptroller.

The Directors Discuss Affairs of tn Q
Bank with the COmptrO1ler.
Washington, December ga committee
OF directors OF tho collapsed National bauk
of Illinois. located in Chicago. called on
Comptroller Eckels today for a personal
conference regarding the banks affairs.
The directors thought better under.
standing OF their own position and that OF
The comptroller could De obtained by a
personal Interview Than BY correspondence.
| They also desired to see the originals Of
letters which passed between the comptrol-
| Ter and the dire tors SOLE question of 0u-
| thenticity OF sigma tures having arisen.
| The committee Included William d. Ker-
foot, George E. Adams, William r. Page
and Charles Il. Corwth. They reached the
department shortly before ii o'clock and
we're ushered into the comptroiler's office.
the doors being locked and the conference
held In secret.
The conference was an extended one The
directors stated 20 Nj. Eckels that they de-
sired TO make Il statement as TO their con-
nection with the affairs OF the bank and to
explain their relations 10 its management
since the letter written to the directors by
the comptroller In 1895. Mr.. Eckels said
management OF the bans hal been very
negligent. indeed. The directors thereupon
eNpland that the bank directors since the
receipt OF Nil Eckels' letter. repeatedly
tried 10 close negotiations for the sale Of
the Calumet electric railroad, with view
10 realizing upon it. but the business con-
ditions of the country. The long political
campaign and the trouble with the Dia-
mond Match company had caused a failure
OF these negotiations thus far. They ex-
pressed a desire 10 do everything in their
rover to aid tho receiver in realizing the
utmost from the assets OF the balN. Mr..
Eckels Impressed upon them that he would
expect them to make every possible effort
to realize from the Calumet road AMI at the
best figures possible.
The delegation informed the comptroller |
that they have no one TO recommend for |
receiver and no protest to make against |
the appointment of any one, and were per |
fecily willing to cooperate with any one |
Mr. Eckes might see fit to point out. The |
delegation said that the directors We're
very hopeful that the affairs OF the bank |
would be completely settled within the
ptxt twelve months and that every obliga
ION would be met and that the assets
would be sufficient TO leave the real estate
lear.
This afternoon Mr.. Adams. for the COM
rittee. gave out the following.
We had very pleasant interview with
he comptroller oar purpose vas to show
hat we had tried 20 improve the condition
4 the hank our talk was mainly about
he Calumet electric stock, We feel that
he comptroller Will ID all that can be done
o rcallzc all that can possibly be realized
ut of the assets. We Feel hopeful about
he results. w made no suggestions about
he rccclyershin. either for any one or {
geust any one"
Washington December 2s.-Ccmp'roller
'ekels said this afternoon that he had de- =,
!ied 20 appoint National Bank Examiner
icKeon, now IN temporary charge Of the 6
allied National bank Of Illinois. nerma
ont receiver OF the institution. The APP
ointment was forwarded this afternoon. @