Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1898-06-30
THE BANKS HISTORY.

for Lebold & Fisher for some year!
and first started for himself in mod
est way in frame building on Broad
way, which was destroyed by fire in
1882. He then purchased the build
ing where he is now located. He has
always conducted the bank as q pri.
vate institution, having no partners
and being its sole proprietor. His
personal dealings have included the
ownership and management Of several
farms and considerable city property.
All have been conducted in connec-
ton with the bank. The banking
law does not contemplate such man
agement and the bank commissioner
has for several years been endeavor-
ing to have the property turned into
cash and so make the capital good.
This Mr.. Kirby could not do without
great sacrifice and and Mr.. Breiden-
thai came in last evening to make
some final arrangement. He was in
the bank at p. NJ, up to which hour
business had been transacted as usual.
They worked over the books until |
a. nj, and this morning put out a
notice that the bank was closed.
While Mr.. Kirby owned a great deal
OF real estate it could not be turned
in as assets under the law. Through
. receiver 1t can be used for the de-
positors.
WAS A COMPLETE SURPRISE.
Much surprise was caused by the
failure. rom Kirby was supposed to
be solid and people came to the bank
this morning and read the sign with
wonder. A. W. Livingston, the cash
Ter, says he had not the slightest in
timation that the bank would be
closed until the bank commissioner
declared it must be 80.
COULD HAVE SOLD OUT.
Three weeks ago the new purchas-
ers Of the Abilene National offered to
purchase Mr.. Kirby's bank, intending
to combine it with the National and
provisional contract was drawn.
They found, however, that there was
too much real estate and farm mort
gage paper to carry for a National
bank and the deal fell through.
DEPosIToRs MEET.
A meeting Of depositors was held
in Armory hall at 2p. M, about 100
being present. J. B. Warfeld pre-.
sided. G. W. Hurd informed them
that the depositors could only recon.
mend receiver, the appointment
lies with the district Judge. The
meeting adjourned until 2 p. m.
Saturday at the court house and
was appointed to invite
Mr.. Kirby to be present and present
q statement.
WAS FAILURE NECESSARY
There is an opinion expressed by
some that the bank need not have
been closed and that with more time
Mr. Kirby could have paid out all
right. But the bank commissioner
SAYS otherwise and that to comply
with the law he was compelled to act.
Mr.. Kirby has the sympathy Of all.
He has helped many a man to weather
financial storms, he has ever been
Ienient with the debtor His one
great fault has been that he paid the
people Of this county too much inter-
est on their deposits. Everybody
hopes that the bank will not only pay
out in full but leave him a compe-
teDce.
Mr.. Kirby has considered that he
was in better condition than in five
years and that il he could have had
lime to clean up some real estate he
could have saved the bank.
A few weeks ago movement to in
the bank was begun but
could not be consummated until GER
ain matters were arranged in com
Dliance with the commissioners or
iers.
Read the large ad Of Dr. Goes SAN
tarium in this issue,