The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-18
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Of checks and drafts upon banking insti
tuiicns Throughout the United States 1t
hes been customary by my predecessors in
TINS odlce to receive payment of office fees
In such checks aud drafts and to deposit
same Ia local bank for collection such coli
ltct.ons were nade by the local hank wifi
ont charge for services in making Inc col.
lection, To make collections In this way,
] 7m advised has been the unvarylng GUS
tom ana usage OF this office Relieving
such practice TO be a great convenience
Eo the individuals dealing with this office
I as well as. 10 greatly facilitate the promps
/ upon taking charge OF the Office
/ .Nt the time | selected the First National
bank II Austin rs the agency for collecting
checks and drafts received in the usual
course of business In this office believed
such bank 70 be a perfectly solvent lnsti.
tnuon. / never had occasion to doubt its
sctvency from the time of its selection rs
8 collecting agency until last sunday when
head rumors that II would likely DO
closed hy the comptroller OF The currency.
These rumors were soon followed by Ma
toual Bank Examiner j, NJ Logan taking
from tho comptroller of The currency. since
th1t time ~ hHs of course been linpossible
/ t. withdraw any money from the bank.
| scr have ! hetu able TO obtain any Infor.
Nation whateyer as IL tho hank's condition
other than Is contained IN tho statement
publisheG by the bank on August l. 1901.
show Ing the condition of the hopk's mira
az the close OF business on July is. 1901
This statement indicates the bank to be
bus nor been matcrialIy changed Iyitbin
The two weeks interyeninu bet,Seen Tho
, date " such statement ana the closinh,
, Of the bank it Is believed the ofIlceit
70 resume business ana ppomnty dissh oTgs
AL obligations to It's depositors AZ is
becn customary Via me 70 deposit in The the
7 frgt port q cneh month ali moneys re re
4 celvea in this office during the preceding
month. II was my intention to have madi
suSi deposit ON last Monday Of all money
collected during the mouth OF July, 1901
4 T da.y UNEXPECTED closing Of the bank al
\ pow e. @ DC 50. should this statement no
! be sufficiently defnite. ! shall be glad I.
furnish your committee further lnforlna
n Ton upon any point desired, Respectfully
1 submitted, John G. Tod,
! Secretary of State.
y Lpon neing asked 70 make statemen
: Sthic Win the tlrst National bnnk or Aus
I ~, MI to1 stated that " mad been tn
a SSSu n,.sns o. nE pfe4eeess9rs, as well a
a llhseli, 70 receive checks from individual
rom Hinereht parts OF me STATE and Z
stIn tiehe cheeks INTO the SAID First IA
u o S INA, 0sS i9n Sol ai ne SAID INA
~ VII p,vS s,.n e1 DC eonipiets1
ana tl,ey i,t w. SOM" 49,, rvs voc SINAI
!. | sn,,ottvnas ~ u ut Vt aursuvr PaylhSnis
~ with the request 10 TemIt thS MANS SVS I ri
y I" mny 4 am Joree9 70 otSw checks, -
or1re Jndge Hardy MA oot deny1to u ~
~, benk int he {urned tbc c5l"ctts ~ ~
Ia mo. The REPORTS NH show linn / ~
cesved some money before The loth ~ Ian
u nary. lie had two or three tays cole,
Hons ON hand Wy N'ie'
collections Tor every month hefaT,S Wv
Answer. Yes.
N am reo,,,rea 81 .,., ,n,o 49,, So.
n treasary S Money eeIlecpa urn cn r'9 me ssa
"a am given my own discretion as 10 10