Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-07-07
DEVLIN FILES PETITION
Kansas Capitalist Declared a Bankrupt BY
Federal Court in Topeka
LIABILITIES NEARLY THREE MILLIONS
santa Fe Road Proposes Plan 10
Keep Mines Open-Money IL
Part of the De-
pOsits,

TOPEKA. Kan, July &C. J. Devlin to-
night filed in the United States district
court voluntary petition in bankruptcy.
This action was decided upon at a lengthy
conference this afternoon between Mr..
Devlin and his attorneys. Mr. Devlin was
in favor OF the move because it would
centralize the handling of all his properties
and make easier the settlement of all
his creditors. the principal one of which
is the First National bank.
Judge Pollock granted the petition and
announced he would appoint q receiver
for tho property tomorrow
The statement of Devlln's liabilities is
given as follows
To the First National bank of Topeka,
Kan. about 100000
$500 600.
American National bank OF Kansas city,
about 1868 900.
National Bank Of Commerce Of Kansas
City, about 100000
Corn Exchange National bank of Chi
cago, about S150,0O0
Continental National bank of Chicago.
about $4,000
Central Trust company Of Chicago. about
$4,000
Bank of Topeka, Topeka, Kan. about
$50, 0O0
Union National bank of Kansas City,
Hirsch ST. Louis. about 5000.
Merchants "a ots National bank of Topeka
Long Brothers. Kansas City, about $4,000
Southwestern Fuel company, Topeka
S13S 900.
Fourth National bank OF st. Louis, about
$500, 600.
First National bank of Toluca, ILL., the
Spring Valley National bank of Spring
Valley, Ill, and two national banks in
the city of New York, whose names the
petitioners do not know amounts not
given.
The petition then names the various
properties owned by Mr. Devlin and says
that the property is in such shape that It
must be taken in immediate charge by the
court.
Santa Fe Road VIII Help.
The Santa Fe railroad is preparing to
lend aid to all the Devlln companies until
such time as a final settlement can be
made This step is being considered by
the company as the best method OF pro-
tecting itself from loss. All the Santa Fe
mines in Kansas are being operated by
| Devlin, and II is necessary to keep the
mines running in order that the road may
be supplied with coal.
w. B. Jansen, assistant to President
Ripley came to Topeka today to confer
with the Devlin attorneys and creditors
with a view to keeping the mines running.
| Mr.. Jansen said that he was in Topeka
with authority to close the deal and make
arrangements for the continuance of the
Devlin mines in operation. 1t is under
stood that the proposition is to have the
railroad company assume a part of the
payroll due Saturday.
Money Part of Deposits.
| T. j. Bradley, receiver of the failed First
] National bank, said today that the money
| placed for deposits in two or three days
before the institution closed would become
! part of the regular deposits, and could
not be considered as preferred This money
| was, II. was stated, at the time Of the
failure set aside by the bank officials to
avoid criminal proceedings against them
| for accepting deposits when the bank was
| in falling condition. II this money finally
is made part of the regular deposits 1t Is
| argued that the officials will be subject
| for prosecution.
There was better feeling about the
state house today, following the discovery
| that the state holds the bond of a surety
| company for $25OO0O to insure it against
| loss of money on deposit in the bank
| on process of collection. This means that
at least one-half of the states money in
| the bank at least is safe. Governor Hoch
was quoted today as saying that within
| two weeks he would require State Treas
urer Kelly to procure new bond in place
/ of that signed by C. J. Deviin.