The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-11-18
j PLEASED THE DEPOSIlOS
~ }'H "-&---
STATEMENTS OF JOHN. wrArHERs.
PRESIDENT OF THREE FAILED
BANKS IN INDIANA.
CASHIER H|LLE11 STILL MISSING.
10 IL Relieved President weathers I.
Innocent of Any Wrong Doinr.
Tho Cashiers Relatives WILL
ing to Do What's Right.

Louisville, KY, Nov. 18.-John n
Weathers, president of the failed banks
at Leavenworth, Marengo and English
Ind, who has been hiding in this city
and New Albany, Ind, waiting for the
excitement caused by the bank failures
to die out, returned to Corydon, Ind, to-
day and made statement anent the
failures to the committee of depositors.
who held meeting Corydon 10 devise
means for settlement. ,'
DR.. ]. K. Fetzer, a friend of Mr..
Weathers. and number of the commit.
tec Of depositors, telegraphed tonight to
the Louisville Commercial from Corydon
the statement of Mr.. Weathers, which ia
to this effect:
That while at Corydsn, recently, attend
ing to his law practice, he received
telephone message from Leavenworth to
come here at once, as there was some
thing wrong with the bank. He imme-
diately left Corydon and went to Leaven-
worth. where he and Nolan Barnat, the
cashier of the Leavenworth bank, cx-
amiEed the institutions books and found
that the funds of the same were at q
low ebb. 1t was decided by the gentle
men to close the three banks Mt once.
President Weathers was advised by
friends to leave the town until the sen.
cation abated, which he did lie, how
ever, thought he might yet bridge over
matters and took some collateral with
him, but after deliberation he decided il
would be better to return the same and
have an assignee appointed. He there
upon made general assignment, with
K. O. Arnold Of Leavenworth as as
signee. .yf...,, -
= Mr.. Weathers said further that all he
wanted was a reasonable support for his
wife and child while the settlement was
in progress and that he would spend one
year without compensation to facilitate
matters, to the end that dollar for dollar
might be paid.
Mr. Weathers stands very high in his
own and adjoining counties and has a
large practice. Not single man of
the different committees had word Of
censure for Mr.. Weathers after he made
his statement. Mr.. Weathers stated to
the committee that his wife would make
an assignment of all her personal prop
erty, which is considerable. and that
even his splendid home at English would
be included. The committee accepted
the presidents statement as true and
elected Mr.. Arnold as his assignee with
out a dissenting vote.
Mrs. Willet, wife Of the missing
cashier, is almost Frustrated with grief,
but Is not dying, MS has been reported.
The people of the various communities
(which the banks are situated are to-
night very much relieved and express
confidence in Mr.. Weathers' ability to
settle up matters in satisfactory man
ner. The consensus of opinion is that
Ir. Weathers was the victim of Cashier
Willet and is himself innocent Of any
wrong doing. Nothing has been heard
from Willet since last Wednesday morn
ing.
Tcegraphic advices from English TO-
night are to the effect that Willet's kin
folks are willing to unite with his grnn'i-
mother to donate sufficient funds to cover
his shortage. provided he proves himself
not guilty Of any intentional wrong doing
and will return home. His grandmother
win donate $4,000 and other relatives
have pledged themselves for $4,000 add
ditional. Cashier Rothrock of The
Huntingburg bank, 1t is said. has pledged
himself to stand by both Weathers md
Willet .. -