The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-12-25

taken into the confidence of the receiver
and the statement bore a. dgree of an
thorization The time of the declaration
Of the dividend was the item which
caused a great deal Of speculation. It
had been confidently expected that the
payment would be made before Christ
mas, but with the tardy settlement of
certain life insurance companies on pol
icies held by the bank this was given up
days ago. Even at this time all Of the
insurance money has not been paid over;
there still remains unpaid about S10O, 600.
This is divided among the Germania
Life Insurance company with a $4,000
policy, the Mutual Life Of New York
with a disputed $50, 900 policy and the
Union Central
A meeting of the depositors' executive
committee was held Saturday evening at
which Mr.. Bradley was present. Mr..
Bradley at that time intimated that a
dividend would be paid soon but stated
that ne could not say when owing to an
expected message from the Germania
Life Insurance company from which he
expected a payment. If they had sent
the message he had intended to hold off
until this additional $4,000 had been re-
ceived, thus enlarging the amount of the
dividend.
Nothing was heard and the action al
ready given was taken.
Sam Radges of the committee and
the heaviest Individual depositor who
had on deposit $4,000 said: ~That is
what we have looked for. It is certain
ly glad news notwithstanding. We mad
an informal meeting with Mr.. Bradley
would hear something like this. The
merchants of the city would have liked
to have this money come before Christ
mas but all in all I really think it is
better the way it has come. I am frank
to say that I am glad that it didn't
come before. You know it would have
seemed to come easy to a great many
people and it would have probably gone
just as easy. This way thew don't get
I am sure much before the 10th of jan
uary and they will have something as
the result to show for it. It is a happy
solution and everybody will be happy
It was a solution which was only made
possible through the death of Mr.. Dew
lin. That may sound a little hard,
though it is not intended so at all, but
it is the truth.
81 haven't got the least idea when
the second dividend will come. VIII
it pay out? can't say. There is
about 100000 of good assets of the
bank which can be realized to the full
extent of that amount and in addition
we hope that the federal court viii de-
eide that the bonds. notes and stock
and that other collateral together with
the property turned over to the bank
after the failure came can be held by
the bank.
should this be the case and it not
divided among the creditors of the
Devlin estate, there is strong hope of
the banks paying out in full. If in ad-
dition to this we are able to realize on
the banks portion in the general
bankruptcy proceedings against the en-
tire estate, there is no doubt but that
the entire Indebtedness of the bank
will be met and there may be some left
for the stockholders. We are optimist-
ic as to the results"
Mayor W. H. Davis said: "I am GER
tainly glad to hear this. It is too bad it
didn't come before Christmas but it is
nevertheless a mighty nice thing to
have it come now"
Mrs. c. J. Devlin said: "I am delight
ed to learn it. We have contended all
along that the bank would pay out and
I am not greatly surprised to hear of
this. I am trying to help in every way
I can to see that no one loses a dollar
and believe that this is recognized"