The independent., 1905-07-27


has failed and is in the hands OF the
comptroller of currency. Edward
Krebe is president, G.. A. Loomis, of
Topeka, vice president, and J. G..
Strean cashier The bank, when it's
last statement was made, had de-
posits of $1,476,648 in and sight ex-
change amounting to $6S5,597; the
loans and discounts were $1,037,184
and the total resources and liabilities
each $1,9S9,720. The failure is the
direct result of the closing of the
First National bank of Topeka, of
which Devlin was the principal stock
holder This is the latest of several
failures resulting from the Topeka
collapse Some time ago the comp
troller of currency in Washington in
structed the City National to repair
it's capital. This was done by borrow
ing. Following the failure at Topeka
capitalist, who had made loan, in
sisted Upon its repayment. This
caused the failure.
Chairman Paul Morton of the
Equitable Life Assurance society,
has summarily removed as comptrol-
Ter T. d. Jordan and appointed in
his stead William A. Day, assistant
attorney general of the United States,
Mr.. Morton gave out statement in
which he said: "The reason for Mr..
Jordan's removal was his refusal to
furnish me information regarding i'm
portant transactions of the society
which I am investigating" The loan
of $685,000 to the Equitable Life from
the Mercantile Trust company has
been mysteriously paid, by whom has
not yet been made public. The loan
was made by the Mercantile to James
w. Alexander, president of the Equit
able and Thomas D. Jordan, comp
troller of the same company, without
security. The majority stock carry.
| ing the controlling interest in the
Equitable Life Assurance society
which was acquired by lIr. Thomas
F. Ryan by purchase from James Ha-
zen Hyde, has been formally trans
ferred to the board of trustees, which
is headed by former President Grover
| Cleveland.
The special committee appointed by
the Swedish riksdag to deal with the
crisis which created the revolution
in Norway delivered it's report. The
committee declares unanimously that
| the government bill cannot be adopted
in the form in which it was presented
to the riksdag and proposes that the
riksdag shall signify it's willingness
to negotiate with Norway for dis
solution of the union if the newly
elected storthing requests repeal o
the act of union and dissolution o
1.-THE union or if such request is re
ceived from Norway after the Nor
wegian people by a plebiscite hav,
declared in favor of dissolution o
the union AS result of this lin
favorable report on the government
bill the cabinet resigned.
Colonel Daniel Scott Lamont, sec
retary of war during the second ad
ministration of President Cleveland
died suddenly at his home at Mil
brook, Duchess county, New. Yorl
Heart failure was the cause Of deatf
Colonel and Mrs. Lamont were ou
driving in the afternoon and Colone
Lamont appeared to be enjoying tn
best of health. After dinner he con
planned of feeling i'll and DR.. Stewal
of New York, who is a guest at tn
house, Immediately went to his ait
The physician diagnosed the case a
an attack of heart failure and in spit
of the heroic treatment Mr. LamOr
passed away within half an hour. a
his death bed were Mrs. Lamont an
two daughters, Frances and Bessi
1Several guests at the Lamont hom