The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-18
9. who g your chIei ACHE

that any one OF taese banks IL Liable to
fail and 80 tie mp this iundf
here they are responsible 70 me for any
bank that sasl check may come into the
hands OF thereafter
q. Who are your bondsmenf
A. T. w. House. James A. Baker Jry
s. H. Allen, {. II Milby, Andrew Dow, H.
NJ. Curtin, ID c. Smith j. NJ Rich, rheo-
dorc Keller. ii. G. House.
The chief clerks certificate states that
this bond is good for a half million or such
O. Where do You deposit nows
l A. have changed my banker. now
/ deposit with Major TittleAeld's bank.
Q. Would It not be safer TO require the
A. 1t would be safer for me to require
the cash. bnt 1t would be q great incon-
tances In every mail. md II would be n
considerable burden to the public TO force
each Individual 70 remit the cash.
| 9, How do you indorse these checksI
a. Every Que b S hal my Of al In
dorsemcnt as secretary q state. u Is my
intention 70 lndorse for collection and and
there. But that was tho understanding
between tho bank and myself
.. Is It In the nature of . deposit?
a. They make entry on my bank book.
N does moi modify the matter-nW putting
the words "for collection and remittance
there In view OF the rrangoment / have
myself II makes no difference
q. You give them collections, and they
MAKE ttitEllbNN Tor no flhTEtf
4. Money there Is subject 10 my draft
at any time In many cases tn have
nor got IN all the checks, but they pay my
O. Whit advantage is It to the bank to
, do that way?
J A. \ understand II is great advantage
. 10 th& bank to have a lnrTc collection ac-
COUNT 1t gives tHem standing abroad.
They may send GOO many collections to
WGshn9p or Nsw s,o l9rE a or SINE hroo otn n
} brings them hack collec IONS am not
} n banker, however. / have learned more
about banks ia the last few days than
! 10 explain checks that have drawn,
take, for. insiauee this one ~ I'M favor %, Of
} Eugene Won Boeckm9nn for S22,lO MT;
} lIume wrote to me for some yollmes of
, the Texas Reports. / dld not have them,
but Won BocclJumun did I mrly re-
J tanned Mi Humes chrk and drew. one
! Of Won Boeckmanu.
Here Is another in favor OF me Spindle
; TOP oil company. Two parties sent re-
} mittances FOR the same thing, Each party
: was afrnld the remittance would not reach
: me III time so both parties sent tnC
amount We saw that II had been paid
! twice and therefore sent hack the palance
) 9. Has the attorney general ever eX
) amined this bondt
. A. don't know. JUDGE Smith was still
? alive when | camo into the office
9. Was the boud examined In June?
a. can not say whether or not II WIS
: II may have been submitted TO Judge
! Bell Any Of tho officials have access e
3 my office ut any time Judge Bell may
. have looked Y IN dozen tunes ana
o not know anything about II.
can however, speak for tho two Hons
. ton sureties. taev are all right. Judg.
3 Brrnct is dead. hut his estate Is WORT
. probabiy half million.
. Mr. Robbins made the following state
g mcnt:
Question. You know, Mr.. Robbins, tha
T. there has heen quite little talk of lat
n nbont the amount OF money that the stat
8 has In the First National bank of Austin
u WIN you explain your business uea'lns
y with the said bankl
h A. There is not secret about II. gen
Ne tlemen When ] came into Office iohn'
y lot OF checks from the land bus ness
s- all land Observation-Disclosures, leases, hnHl ply
V ments, timber payments, exc, ana aShe.
,e Mir. WORKMAN what the custom nae el
G, with regard 10 the collection OF CHECKS o.
ps hunks out Of Austin, found that u ha!
ne been the custom ever since the land busl
mss Nyns started in Texas to collcc
al through banks. II was the only way II
NJ which they could do Il. Mr.; Johnson W.
al president OF the First National bank n
ed that time. and 1t had been doing bushes
H. fcr twenty years, l suppose-at east Tor
is number Of years. | went down 70 see mn
MS and talk with him about It. He says:
en- can keep up the same custom with yo
be as has been heretofore, and send odt III
~ checks to the banks that are our tegula
n correspondents and when the money come
ng back | Will turn 1t over 10 Nou. IL 70
MS want MS 10 get it back at once, the quick
&c est way YOU can, VIII have to charge yo
Die exchange Now, there II no provision 10
H. paying express or exchange, I therefor
on said, OF course II we send out checks an
mt there Is any protest, we VII turin IN
rs right and ! started in on that basis sent
u. ing out checks. Banks away from here "
be call foreign banks" All Austin check
on are collected every day and put In IN
lin treasury. Checks sent In on the First M
he tional bank are collected Just tue sam
nj, as others are collected when they get h'l
and lpU0gttQu In the treasury When 70
BID eign bank checks are collected, they brin
'ge mp the money two, three. -four or live time
Is q month, according as they come in The
,as collect II md deliver II 10 me In the tree
he ury, They, do 1t without any charge by m
he eGms OF 5Fe 40 That rH IS fhe sgse
ing that has been used for collection.
do b notSs 'n the RTspSrs gS5 Mr. ob RGnop 2
Oh said First National bank lis that stat
as ment approximately correctY,
my A. The State has about that amount
moi the course OF collection. | don't know no
ma, $4,000 Friday evening. don't know no
lIiy much is in the bank now. Der oslted checl
' NOT collected amount to S35s, 20S,sa. "
=. deposited from ten 60 forty thonsand &c
no large amount
MS O. in the matter Of these checks, u
as der the operation of your office, Is n
AIS the process about as follows; send s.,
e is my check FOR $1,000 on a lease; YOU ser
M then, am l relieved from the State wa,
for the thousand dollar check is received |
AV' youg
al A, never issue a receipt au a chec'
80 ! walt until the bank has hal Suflicic
80 time and ! aW sure that IL Is coiiecte,
,i6s ! have few times issued them too 500
"iS and In probably a half dozen ceses ha
tbo ggre 10 the lard otice aud asked them
'qe give me the receipt and cancelled u
~, ~ never Issue a receipt until | tn uk The
W. hiss been ample time to hear from ii
1 check II IL has not been paid.
~ O. Have you issued receipts upon the
w various checks that sou have sent To q
80. bank and are now In course Of collection
cut A. some Of Them but not all OF fheu
sued
for q Do you suppose that the bank n
collected this amount that you have
tate sued receipts forg
AVS. A, Yes ! have taken II for grant
Row that they Will bring Il up as fast as g,
the lected When have waited Suffice
,uid time, ! issue receipt.
axe 9, Have you any authority to lss
hat A. There Is no law on the subject
all. In the land business there Is none
nll as to how you are to gel the mono
Just There, Is for tax collectors however a
tier provides for paying exchange on none
the lhat was done by the Twenty-third leg
NV O. You think that the tax coileclo
NOT statute does not apply 10 the treasurer
mod a, The statute mentions only taX coll