The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-08-29
WILD RUMOR
Responsible For the Run on
Bank of Topeka.
Some Small DepOsitOrs Alarmed
by Unfounded Reports.
BIG DEPOSITS REMAIN.
Merchants Not Frightened by
the Slight FURRY.
Will Not Withdraw Their Funds
in Institution.
BUSINESS MEN MEET.
Resolutions Expressing Conf.
dence in Bank Adopted.
Signed by Fifty-three Prominent
Citizens OfCity.
BUSINESS MEN MEET.
Resolutions Expressing Conf
dence in Bank Adopted.
Signed by Fifty y-three Prominent
Citizens ofCity.


Statement from the re. Dun COM
pany, by w. .. Radford. the Topeka
manager: Owing to ii rumOr that was
current yesterday thar there was a
run on the Bank of Topeka, an in
veStigation WAS made and the source
sequentiaI. There WAS nothing that
approached a run on the Bank of To-
peka yesterday. Investigation through
the usual channels arnarently elicits
only favorable reports, and there seems
to be no basis for information of any
other nature.''
Resolution passed by mass meeting
of Topeka business men this morning
among whom are some of the heaviest
depOsitOrS in the Bank of Topeka:
''Eirst-That we endorse without
reservation the great stability and
being among the foremost of the sound
financial institutions of Kansas. and
hereby give it our unqualified vote of
confidence.
-.Second-We condemn in unmeas-
ured terms the person or persons who
instigated the present scare concerning
the Bank of Topeka and recommend
that the party or parties, whoever
they may he o. wherever located,
should be ferreted out and made to
feel the full measure of their unwaF-
Panted actiOnS.''
''Third-That we deprecate as bust
HESS lltCIl tAkC uSCltSS as II Is
damaging to the business Interests of
all Topeka, and should be frowned
upon and condemned by all who have
the true interests of Topeka at heart.
''Fourth-YOur committee is we'll
acquainted with the business relations
of the Bank of Topeka and personally
know its stockholders, and is cOgnizant
of the fact that the stock of said bank
is divided among the prominent busi-
ness men of Topeka
SiRnPd Holm U hra q
Gault A B. Quinton, E. B. Cowgirl, A.
c. Klingaman, r. f. Hayden, G. S.
Elliott, E. S. Clark, T. ]. Anderson,
Otto Kuehne, F. P. MacLennan, Mon
roe & Schoch, E. B. Guild, M. Myers,
G. d. Lytle, Curtis W. Myer, c. M.
Hill, Continental Creamery company,
Chicago Lumber company. w. w.
Gavitt, T. J. Coughlin, E. ]. Monaghan,
E. P. Jordan, G. NJ. Hammel, DR.. S. A.
Boam, John Elliott, Horace L. Hall, B.
F. Pankey, F. S. Thomas, Michael
Heery. Charles P. Adams, w. Taylor.
w. Schick, Peter He'll, H. B. Bowman,
Going, Oscar Bischoff, Abe Steinberg,
D. o. Coe. o. Mccormick, F. S Curtis,
M. c. Holman. Jones Dry Goods COM
pany, G. M. Noble G. Co, A. B. Whit
ing, c. K. Holiday. G. w. Crane. c. E.
Foote, w. w. Mills.
A rumor came from Kansas City, the
hotbed of such things, on Monday af-
ternoon, which was either vicious and
premeditated as some go far enough to
presume, or had it's feunda ton in over
wrought imagination, to the effect that
the Bank of Topeka was in a failing
condition.
The result was that on Monday after
noon about closing time a few small de-
positors withdrew their savings, and
that this morning the withdrawing of
some small deposits was continued. The
rumor was circulated this morning and
caused small depoSitors in whose mem
ory the First National failure several
weeks ago. was still fresh. to either
withdraw their deposits or to seek as
surance from the bank officials
AS soon as the rumor became common
over the city, the r. G. Dun company
the Topeka Commercial club, and pri-
Vate citizens began to investigate the
conditions.
BY noon they had all decided that the
rumor had absolutely no foundation
that the bank is perfectly safe, and the
| business men of the city expressed the
utmost confidence in the institution.
| The R. G. Dun company issued g
statement to this effect. The Topeka
Commercial club called together almost
greater part of the capital of the city
and they unanimously endorsed the
bank, and passed a resolution of conf
dence which should allay even the
l
| The Bank of Topeka, through its pres
ident, ]. R. Mulvane, issued a statement
at noon that the bank is perfectly
sound. By means of figures he show
ed that there is bankable surplus Of
| $50, 600 on hand.
There is not thing wrong with thi:
| bank" said J. r. Mulvane 'It is per.
fectly sound I have not the slightes
idea where the rumor originated w,
shall trace it down and make the guilty
parties suffer. There is absolutely M
cause for it. Some people say that w,
have had a run. A few small deposi
| tors have taken out their money, bu
none of the big ones. I have alread,
received $3.50, 900 in currency today from
| other banks offering to aid u.s. Thi
bank is all right, all the way through.
Difficult to Trace Rumors.
w. A. Radford, the local manage
of the r. G. DUN company, spent thl
| major share of Monday afternoon il
| tracing the source of the rumor H,
caught hold of one of a number o
accused places from which the trouble
started.
Hearing that some man at work il
the Santa Fe shops knew somethin;
about it, he went to the shops to in
svestigate- 81 heard there" said Mr
Radford today, after investigation
lasting all the afternoon that a maj
| by the name of Davidson had sold hi
property in the west part of the tow
for $500 and had deposited tn