The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-08-14


National bank. The vice president viii
be Z. H. Crosby of the Crosby Broth
ers Dry Goods company. The cashier
/ will be A. H. Bates. treasurer Of the
loan company.
Mr.~Knowles has been connected
with the Central National bank for the
past % years. all of this time in the
he conducted banking business at
Seneca and at Sabetha. Kansas At
each of those places he was in business
for a period of six years. Before en-
tering the banking business he prac-
ticed law. Mr.. Knowles is now 69
years of age and is considered one of
the most conservative. best informed
bankers in the state. He has the con-
fidence of the banking fraternity of the
entire state.
One of the prominent men connect
ed with the new bank said: Mr..
Knowles gave US his word. l don't
believe that he would break his
word
Mr.. Knowles refused to give out an
interview regarding this phase, though
acknowledging that he had been Of
fered an fnducement to remain.
A. H. Bates, the cashier of the new
bank, has been a resident of Topeka
for the past II years. He was one of
the mem bers of the manufacturing
firm which Manufactured the New
Home sewing machine. The factory
was then located at Orange, Mass. He
severed his connection. with this firm
after having been in the business for
some Is years. Following this change
of position he removed to Providence,
r. l. On coming to Topeka in 1888
he was interested in various loan and
mortgage companies. He was in turn
receiver of the Kansas National bank,
treasurer of the Financial association,
the City Real Estate Trust company,
treasurer of the Elk Farm company.
treasurer of the Topeka Safe Deposit
and Trust company and president and
treasurer of the Topeka Commercial
Security company.
The board of directors will consist
of August Zahner, A. H. Bates. c. W.
Merriam Lee Monroe Edwin Knowles
E. H. Crosby and a seventh director
who has not been selected as yet The
vacancy was offered to Mayor w H
Davis but the latter declined. claim
Ing that his many interests would not
which would encroach on his time. He
was rendered the place this noon but
positively refused to accept.
One of the men connected with the
organization of the new bank said:
I'VE believe that there is every indi-
cation that the bank will be a success.
There is a lot of money lying around
loose. There is every reason to be-
HeVe that there is upwards of 100000
lying around in homes here in To-
pSkd-InOnSy winch mas Deen taken
out of the banks during the excitement
and panic that we had. When con-
fidence is thoroughly restored most of
this will be placed on deposit again.
We have secured the backing of some
of the strongest men inSTopeka, every
one of them is good for from five to
ten times the amount of money that
he will place in the bank. We have
had any number of offers from out-of-
town parties who wanted to invest
money. to purchase the stock. Some
of these desired a position in the bank
in return But that is just what Ne
didn't want to do. We didn't care for
outside stock or capital; what we
wanted was a bank managed by To-
paka people, every one of whom was
we'll known to the citizens of the town.
We believed that we could better Sc
cure their confidence that way. We
will start out with a capital stock of
100000 to begin with and gradually
increase it to $150,O00 or 5000. 600 as
the necessities may demand. We ex-
pect to have the bank in running or