The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-09-06
Will Pay DepOsitOrs From so
to so Per Cent.
BRIDGE co. GETS TIP.
Withdrew a $4,000 Deposit
Before the Doors Closed.
Corn Carnival Funds In the
Sum of $6O7 Lost.
Atchison County Had SAT, 900
on Deposit Fully Protected.

Atchison, Sept ct is now thought
that the assets of the defunct national
bank which closed its doors yesterday
Will pay the depositors from so to so
per cent.
W. F. Guthrie, who was in temper
airy charge before Mr.. Jobes, the re-
ceiver arrived, said:
Milton Barratt, who was president
of the bank until his death at Hot
Springs little over a year ago, made
some heavy losses. The Barratt paw
ing brick plant was one of them, and i
Kansas City ice business was another.
These losses were made from ten to if
teen years ago, and had been carried
by the bank, being gradually reduced
by the personal paper of Mr.. Barratt
and by the earnings of his different in
terests- Still, the losses had not been
made up to any material extent, and il
seems that no objection was male by
the bank examiners to the assets until
a few days ago, when an examiner no
titled. the bank that it would have to
charge off $50, 900 of it's paper as bad,
and make an assessment on the stock
holders to make good the Impairment
of the banks capital. Norman Bar
raft, who succeeded his father as preSi-
dent of the bank, was practically the
sole stOckhOlder. He haG no means Of
raising the money that he felt justified
in resorting to, and concIu led that if
he had to quit business ultimately, the
sooner he did it the better for all con-
Barratt consequently sent a telegram
to Mr.. Jobes Monday afternoon, the tel
egram being sent to Wichita, where
Mr.. JObes was supposed to be. No re-
ply was received from Mr.. Jo5es, and
W. T. Guthrie says that at $50 o'clock
Monday night he wired the comptroller
of the currency at Washington, that
Mr.. Barratt had broken down; could
not look after the bank, and that if tho
bank was not taken care of by the
comptroller at once that the assets
might be eaten up by preferences Sc
cured by attachments No word having
been received from the comptroller, at
that hour, the bank was opened for
business as usual at o'clock Tuesday
morning, although all deposits tender
ed that morning and collections made,
We're kept separate, and afterwards ia
ken to the First National to be paid
back to the parties from whom or for
whom they were received Mr. Guthrie
says that Immediately upon the receipt
of word from the comptroller. which
was not until 11;40 a. m, the bank was
closed.
At 10 o'clock Tuesday morning the
balances of the Atchison & Eastern
Bridge company and N. d. Todd, per-
sonally, amounting to between $4,000
and 81 900, were drawn from the bank.
This was the only run The closing
of the bank was a surprise to the other
depOsitOrs. Being attorney for the
bridge company, he says he is placed
in an awkward position, but that he is
the bridge company. He says he even
lost his personal account
Mr. Guthrie says he hasn't any idea
of what there is due the bank, but
/, there should be about $25, 600 in cash
and sight exchange on hand. There
was due depositors this morning, $685.
600.
The Atchison National was the de-
pository for county funds. Atchison
county had $4,000 on deposit, but is
protected by the bond of the American
Surety company. Among the depositors
are the following: Mrs. COsgrOve, said
to have from $4,000 to $4,000 in the
bank; Mrs. d. N. Wheeler, from 81 600
to S. 900; Louis w. NOigt, 81 900; James
NJ. Chisham, 81, 200; Mrs. ]. L. Bliss, S.
600; Mrs. John NJ. CrOWell, amount not
known, but said to be very large; r.
b Drury, $1,000; DR.. Boyle, $500; Fritz
Heckelnkaemper, $500. HarOuff Bros,
$500; Charley Crawford, Bosanko &
POehler, Jacob George, j. J. ingalls,. j.
J. Kelley, Joseph Symns, A. w. Simp-
son, Mart Miller, NJ. E. Seitz, and 3.
O. Running; A. A. Weber, Sheffield
ingalls,. Ellsworth ingalls,, T. G. Treat,
Fred Townsend, who had $3.50 on de-
posit; the Standard Oil company, $500.
The bank has lost no money during
the past year. People who claim to
know, say that in the past twelve
months $4,000 of the banks indebted
ness has been paid.
The Corn Carnival committee had
$607 in the Atchison National bank
which failed today. This amount was
deposited by S. f. StoIl, treasurer, who
kept his account at the Atchison Nat
ional. OF this amount, only S148 was
from subscriptions collected this year;
the other amount came from sale of
buttons, money saved from the last
carnival etc. The failure of the Atch-
ison National will not interfere with
/ the corn carnival. S. F. Ston s. V.
| Barth, J. Wallenstein and E. w Howe
| divided S6O7 by four today and each
member of the committee put up his
share of the amount tied up in the
/ hank faiI14Ta