Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1897-01-23


Planning mill and ground. ..... I,2oo. 90
Lots ;, 4. S and 6 in block 6.
lots and S in block 9, lots 3
and :, in block q. all in Dun
bars first addition. ......... $40. 90
Lot 20 in block 7, Barnes add'n 1000
Lots and in block /, lots I,2.
"a. 5. 6. ?. s and I3 in block
2. lots I. and "a in block 8,
all in Brewster's first add'n.. 2So. 90
Lot a in block 4, Van Epps add 1000
Block S. Griswold & Hawks ad. 10000
Forty acres raw land 3 miles
northwest of town .......... 10000
Rents due from tenants in bank
building. ................... Co., 90
Bills receivable these are notes.
many of which are yrs old) Io,s9o SO
Fifty shares u S. Fibre stock.
not known. ..................
Bond of the Sunfower county,
Miss. railroad. ad.............. 10000
Two Thousand shares of Baxter
Springs Investment Company
stock, market value. ........ 5000
Judgment against school district
No. 6 NEUTRALITY-SUSPICIOUS.. 734,I7
Ove.drafts. 1856. 4o
Due from Metropolitan Nation
al Bank of Kansas City,. $50. 90
Due from Merchants Exchange
National Bank of New York. 2.45
Stock of groceries, invoiced at 34I.oo
Bank fixtures worth probably 400. 90
Total s26,97I.4S
In the estimates on the value OF
the real estate, we are satisfied we
have appraised the different pieces
of property high enough. The half
intcres, in the Touring mill is not
included by us in the assets for the
reason that that matter is in litiga-
tion in the supreme court. The
Metropolitan National Bank oi
Kansas City holds personal notes
given to the Baxter Bank as securi.
" for money loaned TO the amount
of $4,000. but as the Metropolitan
will be lucky if it gets out even
there is no earthly use of counting
any of this amount as assets. We
have not included the bank build
ing in the assets because il is mort
gagged for three times what il is
worth, being "blanketed" to the
amount of $9,27S44. The bills re-
.iyable amount to $l0s00.s6, but we
have inspected them, and as God is
our Judge we wouldn't give over
SlO0 for the whole batch. The over
drafts amount TO $l,756.49, and are
not worth, in our estimation, to eT-
coed 800. Take the difference be-
tween the bills receivable and the
overdrafts and what they are worth
and the assets will be reduced to
$j,s2i.l2. We will rest here for few
lines and speak of the assets again
farther down the column.
LIABILITIES.
Deposits .......... ........sI6. 1851
Due the Metropolitan National
Bank of Kansas City ........ 20. 2oo 3.
Due Merchants Exchange Ma.
tional Bank of New York. 49,. $500. OF
Due Miners Bank Of Joplin, on
ovcrdraft ........ .......... 5.4!
Protested drafts outstanding
(protest fees not included)-
subject 10 correction. ........ 2,7Io. II
Total, s45,943.7'
We understand courts have Ions
held that protested drafts are pre-
ferred claims. If this 10 ia, sub
tract the amount ot .--'
aad 49, .utested draft
r.oDable expenses of receiver
ship from the assets and you cal
form some idea of what per cen
the depositors will probably realize
OF course, the figures given ma,
not be absolutely correct, and ar
subject to change. We hope tina
Mississippi railroad bond and th,
fifty shares of U. S. Fibre stock viii
increase the assets to that poin
where the depositors will get on,
hundred cents on the dollar, but
II might be worth while for som,
of the depositors to trade theiI
claims to Receiver Sands for fibre
stock. Still we hope for the best
In fact We never despair.
MORE RorTENNEss-MAYBE.
The county records, we under.
stand, show that the north half oI
lot II in block 8, which is the corner
lot, just across the street south from
Bischofsberger's livery stable, was
decided to Naylor on the 4th of De-
cember, the same day the Baxter
Bank closed it's doors. We do not
include this lot in the assets for
this reason. The lot is worth prob
ably 500. OF course the depositors
will be pleased to learn this.
If the balance Of the real estate,
which is included in the assets,
should prove TO be mortgaged or
sold for taxes, of course they will
have more cause for joy.
But, seriously, wouldn't the whole
business cork your
fro RK coNTfuuRDl