New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-03
RUN PRACTICALLY ENDS.
Considerable Money Deposited
Buffalo Officials Statements.

Buffalo. Dec. 2-The German American Bank
opened SIS doors as usual al O'Clock to-day Al
that hour there few Gepositors in line. AT -
O'Clock there were about twenty persons in line.
An we're paid promptly. There was little excite
rnent and considerable money was deposited. Vice
President scheling said that they were all small
depositors. He said there was no DOUBT Whatever
Of the banks ability 10 Withstand any run. but ne
did not anticipate that more than few thousand
dollars would he Withdrawn. He said that they
had the assurance of The Clearing House and of
every individual bank in Buffalo that they would
support the German American Bank, if necessary
President Robert Emory declared that the German
American Bank had about 100000 in available cur
re,ov and within twenty-lour hours could have
s250OOJo
Henry ". Burt. former president Of the German
American Bank. and at present a director OF the
institution made statement to-day in which. after
referring 10 his twenty-five years association in
the banking business with Cashier Z. A. Weppner.
he declared that there is not more capable and
efficient man shan Mr.. Weppner. Continuing. he
said:
think the bank at the present time is solvent EN-
solvency ct the present time is due largely to Mr.
Wep2ner's efforts.
In rendering his resignation as cashier Mr.. Wepp-
per gave IL detail his reasons therefor. He said
Richard Emory was made president Of this bank.
and likewise made president Of the German BANK.
Under the direction Of the president the tol3wng
FUNDS OF this bank vas placed win [ne f Sb
funds was placed with the Traders National
Bank of Washington; $4,000 of such funds was
placed with the Merchants and Mechanics savings
Bank OF Washington, a new INSTITUTION larol! ou'
Appleyard upon his demand note secured by $50
60 Of bonds Of the Dayton, Lebanon ana Clncln
matt Railroad Company and one share OF German
Bank stock: $4,000 loaned to j. T. 1hornQulS
upon like security the last loan, and 100000 wa
loaned upon four OF small Appleya-d RAILROAD
conpanies in the interior Of Ohio without any col
lateral 900 loaned 10 A. h: Appleyard on nj
demand noIe, secured by six shares OF Germal
Bank stock. J. Z Thornqulst, upon whose not
she $4,000 above referred to was loaned, / foun,
on inquiry in the employ OF A. T. AppleyaIu
were commonly known Appleyard ROADS, Una
Mr. Appleyard protector or promoter OF lnos
railroads and from the president Of your bank
learned that Mr.. Appleyard was a very large DOT
rover, to the extent Of millions OF dollars.
Continuing Mr.. Weppner says he realized tn
seIicacy Of The situation. He sought experience
counsel and demanded Of the president and of MI
Appeyar that the bank be put in clean shape
IT was insisted by Mr. Appleyard that the loan
and deposits above referred proper, an
Il was suggested by him that the matter be sub
United superintendent OF banks" This Wa
done and q hearing was mad a-io the suQeF4i
senoenJ determined THAI the deposits and loan
above referred unwiSe and should b
taken up" All Of the paper. MI Neppner states
has been called in and paid excepting the lou
Fir. Appleya-d has executed guarantee. In
further note Mr.. Weppner says he learned yester
CAY that the president had drawn $4,000 TO tn
credit Of his bank with the North American Trus
Company NegY-No Th and deposited II with tn
CIV Trust safe Deposit and Surety Company
Phila6elphia' HIr Weppner says he did not con
slider this proper and - Immediately sent draf
T1ithdrawirg IT, but h has been informed that In
THAT tie draft did not bear the presidents sig
nature"