The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-18

S % the days business on the 2sth Of Feb
a. S2Jf, 62g.J4.
Y. How much money did tho hank nav
You during The month Of March, ~
a. Slsy,S1g22
20; What was your balance at the close
OIL business on April 30 1901
a. SSla, 400. 40.
9 How much money did the bank nay
sou gS ga n me month Of Aprilg
y. What was Your balance nj the close
q the business OF May, Juuc, july aud
a. HE balance at The close Of h,s.ness
May 3 was Ssi5,3i9. 10; june ~ was ssI4''
9''o.of, yuy ~ was $365, 665.a2 nAd August
. was S35S. 2Os.Sg.
. How much money dld IN, bank nav
s"d ANA curing curing the nontns Of May, JHus, July
a The bank paid Us during IN montn
month Of June S6o.024Oo; during HI month
o. july S92' Xxx 50, and during the noi,ih OF
~ Is j nos 2 fact taat let Of checks
g nn 70 the bank Wee for state war
a. Yes, sir. We gave checks for war.
rants in order TO save two tilnsactiuns
aho ~ giving checks for these warrants
No., w 1il not have % pay the money ,or
IRON the bank for our collections
y. Tue ~, 2l3.55 received from tho
o oahk In August, was that Ia warrants or
a i WINS In warrants.
Q, What was your balance with the
frsm January January ! 1901 your tota deposit
receipts from the bank duiing this time.
ana your average daily ballnceg
a. lle balance with the bank on Jan.
vary l. 1901. was $3.50. Ii0. 40. the total
ueposlt OF the treasurer ftom january /
! % August was S7T4,SOO.f5. total amount
a vsust IRON n b s4, d from January ! until
Age daiiy balance from january until Au
gust 3 was S255,460
W. l.. Yerkes temporary receiver nm.
pointed by the comp aoller OF cur, ency of
tne First National bank Of AUSTIN made
the following statement:
Question, DO you know whether or not
the account of the safe was In the bank
for Il consideration or notY
Answer. do not know, SIR | only ar
1 r;Neu last Thursday morning, aud prior to
that time know nothing OF the bank.
(, y, De you know anything OF the colec.
checks deposited there by MIR. Robbius
have been coming iny
a. They have not been coming in since
( nave been in The bank. But they might
nave been comiig In while Mr. Logan had
4 churge as examiner.
( .. You would not know anything Of the
! checks outstanding2
g. What was the capital stock of the
! tnst National banki
I a. This bank was capitalizad for S1OO OlD
! q. Have Won seen the statement OF the
/ paHk as published in July?
Will nj ies, slr' saw I IN newspaper
Whlle coming down on the train
IN Is NJ Logan, the bank examiner
A. Yes sir. He expects to leave this
d DO you know anything about the
states deposit at the time tn bink close p.
~, "a Nts, s.r. 1t WAS SOM thing over $300-
/ O.. How much Of this money was In cash
in the bank al that timey
a. y was all with the other funds
W ar n H.
keen their money In banks Of the StateY
,, a. NY native state, Ken ucky, Keeps the
the state, and does not keep am money
al all 10 the ate vault. an not IA
,.uf with the customs ana laws o. otaer
Slotts In this regard,
9. This committee would like to know
the satuS of the bank if within Sour
J~Ygmeht you can give us this Information.
a, FROM the amount Of cash that wa ;
In the bank at the timh IL close l. and
which has been sent TO Wa hington: the
mi ~ eNcnansr he'll in banks In other
cities, | should judge that within Eve weeks
fbk VIII b abe 10 declare dividend
OF about something over 80 per cent All
20 money m ,xchanse. OF course. is viru-
nlly cash, ana Il will not require any great
length of time to get II togo Their or
con- -. Ii diyldends tn srclfter VIII depenl
M n I'll success Of he bank N collect.
ing Us outstanding money, viii also will
be distributed among the deppsi. ors
o,Q .. pa tne bank nave as much as $50
A. The bank had more than $4,000 In
cash.
0. How could the United States govern.
m,nt close bank with that mu b money
A. suppose tlat the bank had S11 OoO
In cash and supnos thac the Stat trens
urer had drlwn MS check Tor SO 0p0J The
hank could net have paid it, Suppns that
the bank has NOT enough funds al hand
ia pay It's depos,tors the bank would nat
urdily be insolvent. The bank does not
TIME IN cS S9S Ray S AM P's of oasv S
eov2rnment bonds can not be taken TO pay
uepositors, il il htld for the purpose 81
securing the circulation of the money
Suppose the bank had S100,0O0 In bonds
ana $4,000 circulated then $4,000 OF the
bonds would have 10 stand for the circu!a,
tlon. These bonds Will lie held at WISH
inGton for the purpose Of securing the
positors. The notes are the grat nh lcks
issued by the bank No National bank can
60 into business without placing into the
treasury OF the United States enSug honiS
70 secure its issuance Of notes, TIE notes
arc about So5,tOO so TINT theie VIII be
something left.
Q. How much ultimately win the state
receive for IFS deposit in the First Ma
A. | don't think that would answer that
question, even If ! really knew. All the
money that is Ia the bank Is IN on gen
eral fund, and | could not state how much
OF thv States checks have teen collected
.. The committee wouil Ike TO Rnow
how, many of these checks have been ac
A.. could not give yon any stofemen
on these checks.
q. How long before a statement OF thu
bank will be given out?
A. / can not say that ms It is In tn,
power of the comptroller OF the Unifel
States.
O. The calculations as to any fullhe
dividends viii be made at Washington
will they not?
A. Yes sir
Q. Yon have A. the bank tie pass 6ool
belonging "a Mr. Robbins as the treasure
ot the State of TeXasY Could you hriul
, that pass hook before the committees
A. No. sir.
Q. Could the committee sec the booI
! at tho bank
a. No, sir.
! Q. Have you refused or viii you refus
/ TO give that pass book 10 Mr.. Robbins?
a. | would have to examine il very thor
oughly before | would give II up,
l Q. Have you refused TO give II upf
A, don't think that ! could nnswer tia
question.
E Mrs Lille H. Mnloney, being duI.
: sworn testified as follows
Q Question. What were your duties In th
First Natinoal banEg
Answer had charge OF the collections
), sending out remittances for firms, etc.
! o. How much OF the S33s, 10 deposit
! ed In the First Naiicna, bank by the Stat
|, treasurer had ectually been collected b
= youg bankP