New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-02
RUN ON BUFFALO BANK.
Fight for Control the Cause
500 900 WithdraocR.

EuffaIo Dec IA fight for the. controlling in
terest in the Cierman-AmeIican Bank to-day
suited in a run that Institution estimated by
Vice President Schilling 500 go The withdraw
ais were made by large deposors. 50 that the run
did not cause any peTcepuble excitement to-day
\ message received from +. ID. KilDuTn, State Su-
rerintendent of Banks. closes with the statement
The bank. in my opinion IS absolutely sound and
safe" and this IS the general opinion expressed ty
bankers OF this city VINO familiar with the in
terna affairs Of the institution which led up the
present peculiar situation. PRESIDENT Emory of the
German American Bank called a meeting of the di-
rectors at the close OF to-days business When the
meeting was over the following statement was is
sued.
II ms come 10 the knowledge Of the officers Of
the German American Bank Of Buffalo that certain
have been disseminating rumors tending impair
er,ard ma me r17iyjiiI,fr i1Terssf in re h
ase sold then. At their figures. The bank is per-
fecty solvent, able snd willing meet any demand
upon il IN fun, and ready 20 submit its entire af-
fairs 20 the examination or the Clearing House at
Any moment
This statement was accompanied by another
which read as follows.
Notice is hereby given ;hat Edward A. Wcppner
.s 40 longer cashier of this bank his relations hav
ing been severed this Gay.
President Emory came here from baltimore lsst
spring to assume Tie presidency Of the bank hav-
ing purchased controlling interest in the inst-
tuition. The minority stockholders have not always
been in accord with the officials. 1t was pro-
posed ny inc new regime 10 consolidate the Ger
Inan-A.neTicau ard another bank in this city Mr.
Weppner was 10 be released should such consoli-
dation be effected. The minority stockholders rep
resented by Mr. Weppner. II Is said. bitterly op-
posed this move. To-day President Emory received
the following from Superintendent Ktlburn at Al
hany:
Albany. n Y. Dec. J. 1904
Richard Emory President German 4 American Bank
I understand that l.. A Weppner. cashier of the
German-American Bank, is advising people 10
withdraw their money from said bank. j am told
that he had made threats that unless the present
management Of the bank sold the bank 70 him and
his friends. he would ruin the bank Mr. Wenpn err
appeared before November g. 1861 together
with yourself and others regarding the matters OF
this bank He criticised $4,000 worth OF loans and
= deposit OF $4,000 ia Washir gton bank and an
another Of 5000 in a bank Shenandoah Penn
One hundred thousand dollars Of the paper has
been paid. and the deposits referred To have been
withdrawn The other 5000 OF loans l have every
reason 20 believe absolutely good and VIII ~
paid when due. AIr. Weppner stated TO me under
oath that there not another loan that he ala
not regard good. The bank in my opinion IS al
solutey sound and safe. You may publish this tel
egram.
r. d. KILBURN. Superintendent of Banks
II the receipt of this telegram and the m,
the bank to-day which resulted in the meeting
-ef the directors.