The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-03
J. Il. KIRBY MAKES GOOD
First National Bank of Austin Re-
opened lis Doors Yesterday.
MORE DEPOSITS THAN WITHDRAWALS
Text OF the Agreement Entered Into
Between the State and the Banks
New Officials.

Austin. Texas. January 2.-The First Ma.
tional bank, which was closed last August,
reopened at noon today under very favor
able conditions, and the deposits for the
afternoon far exceeded the Withdrawals
The authority to reopen reached here from
the comptroller Of the currency shortly be-
fore the noon' hour. Mr.. John II. Kirby
the banks new president, placed Sl33,0O0
fresh capital In the bank this morning, and
when the banks funds arrive from Wash
ington it will have capital of over
100000.
The following is copy Of the agreement
entered into between the bank and the
board composed OF the governor, attorney
general and comptroller which was created
at the special session OF the Twenty
seventh legislature to represent the State
In the reorganization of the bank:
The state Of Texas, country OF Travis:
rms agreement made and entered into by
virtue of a joint resolution passed by the
Iwenty-seventh legislature OF the State Vt
texas, ana approved August 80 1901, by
ana between Joseph II. Suyers. governor;
H. Nj. Love, comptroller, and c. X Bell,
attorney general of said state, who, by
said resolution, were constituted a board
ior the purpose of securing the return TO
y
TO the State of Texas, and in the custody
of the First National bank of Austin,
Texas. parties OF the first part, and the
said First National bank Of Austin, as
principal, with John IL. Kirby of Harris
county, Texas, W. b. Workman j. L.
Hume, George p. AsSnan and a. s van
dervoort, all Of Travis county. Texas as
suretieS, parties of the second part, Witt
nesseth: I. That the parties OF the second
part do covenant and agree To pay unto
the treasurer of said state at his office in
iif If nGfl n f1rg foil .xt~Fta nf
money, to-wit: $97,921 ON January 10,
1902; $4,000 on February ., 1892; $4,000
on March =, 1902; $4,000 on April =, 1902;
$4,000 on May ., 1902; 100000 on June >,
1902, and $4,000 on July =, 1902 aud
should there be a failure to pay any Of
said sums on the day specified. or within
three days thereafter. the entire amount
remaining unpaid shall become Immediate
ly due and payable.
>. The above and foregoing obligation is
Intended to cover the sum of $397,92l.
which was in the possession of the said
First National bank of Austin, Texas. when
II was closed and placed In the custody
of q receiver by order Of the comptroller
of the currency, said sum representing the
upon the books of said bank TO the credit
81 John W. Robbins. State treasurer, and
uNeiy, to-wit S35s2Os to the credit Of
John W. Robbins, State treasurer and
S39,712 to the credit of John G, Tod, score
tary of state
he paid 10 the State treasurer he shall APP
ply the same Ia the credit Of the two funds
above mentioned IN ratable proportion to
the amounts thereof
In witness hereof the parties hereto sign
their names in duplicate on this the second
day of January <. n. 1902
(Signed) Joseph ID, Sayers,
Governor;
II. NJ. Love,
Comptroller;
c. *. Bell,
Attorney General;
Parties of the First Part.
First National bank of Austin, principal,
| by John II. Kirby. PRESIDENT John II.
Kirby j. l.. Hume George p. Asslnan, A.
s. Vaudervoort, w. b, Workman, sureties,
parties of the second part.
The following resolution was unanimous.
! IL adopted by the bank directors this after
| noon:
Whereas, the First National bank of Aus
tin H. indebted to the state of Texas in
the aggregate sum Of S30I,921, being the
amount to the credit Of John w. Robbins,
treasurer, and Of John G, Tod, secretary
I of state tu.wit: S35S20S to the credit
| Iohr w. Robbins, State treasurer, and
| $40. 712 to the credit of John 6. Tod, soc
rotary Of state and
whereas, 1t has been arranged by said
bank with Hon Joseph ID. Savers COVER
nor: c. X. Bell, attorney general, and Il,