The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-01

'.All of the members of the director
ate are very close and intimate with
Mr. Devlin and there will be no change
or departure from the business meth
DDS which characterized that of the
past. Mr.. Devlin's condition will not
permit him to assume any active con-
nection with the affairs and it will be
some time before he can hope to re-
habilitate his physical condition. A trip
of extended character will probably be
taken as soon as the details of the
new corporation have been worked
out. The rest which has long been
due Mr.. Devlin will probably now be
his.
"The First National Bank which has
been generally known as Mr.. Devlin's
bank, held considerable paper belong
ing to the coal operator, upwards of
S75O,OOO, it is understood, and this
knowledge contributed to the with
drawal on the part of a number of the
depositors of their accounts this morn
ing. No change will be<made in the
directorate of the bank and Mr.. c.. J..
Devlin will retain his place in that
body for the present, at least. There
| is no occasion for an alarm and the
temporary financial excitement will be
weathered without embarraSSme ent.''
FURRY in Banking Circles.
The published statement that re-
organization of the interests of C. j.
Devlin would be effected caused q
| little financial tremor among the
banks in Topeka this morning A few
| of the depoSitors in the First National
the Central National, the Merchants
| National and the Bank of Topeka
withdrew their savings this morning.
| Mr.. Devlin has an interest in each of
these banks, particular so in the first
| two named, where he controls the ma
| jority holdings The banks close at
noon, though one or two of them held
over a little past the noon hour to ac-
commodate several of their patrons
who had felt somewhat excited and
desired to close up their accounts. The
excitement was inconsequential, and
| the financial tremor was Of the same
! order.
| w. H. Rossington, director in the
| First National Bank, said this noon:
| '"Bhe reorganization of Mr.. Deviin's in
| terests will in no wise affect the man
| agement of the bank. The bank will
be run in the same manner which has
| characterized it in the past and there
| ton of Mr.. Devlin's interests will have
no further effect than to strengthen
| them and it is done to protect the vast
holdings which return to something
| like 100000 yearly to the estate"
| M. M. Hale, the city treasurer, took
| measures to protect the city's funds,
/ which are on deposit at the First Na-
tional and shortly before noon went
over and ordered the fund sealed up.
| At the first of last month, this sum
| represented $3S,741.28, there having
been some Withdrawals since that time
and it is something less than that now.
| though the books have not yet been
| balanced up. 1t was a measure taken
| by the city treasurer to safeguard him
self from any criticism as city Off
,cial.
c. E. Hawley. the cashier of the First
/ National, is seriously ill at his home
| 1905 Topeka avenue, and was not the
4 bank this morning. Colonel Rossingtor
/ was present the greater part of the
forenoon and assumed command.
Mr.. Devlin's Bank Stock.
The stock held in Topeka banks by c.
| j. Devlin is as follows: In First Ma
tional bank 2,256 shares. total shares OF
/ the bank 5000; in Central National bank
LASS shares, total shares of the bank
$500; in Ban kof Topeka 155 shares, to-
/ tai shares of bank 2,100; in Merchants
bank 1000.
Shawnee County Deposits.
Shawnee county funds to the amount of
about s145,OO0 are deposited in local banks.
i Without going over his books for the ex-
act figures, County Treasurer Bowen said
that the county deposits were distributed
1 among five banks, about $4,000 being or
deposit in the First National $4,000 ap-
| proximately in the Central National $50, ,0G
approximately in the Merchants National
$4,000 approximately in the Bank of To
peka. and $4,000 in the State Savings
| The board of county commissioners de
cided that the county funds shall remain
on deposit ana not be 'W1JnQraWn.
Commissioner Haynes and myself made
an investigation of the local conditions
and decided that there. is no danger to tbs
4 county funds on deposit in the. local bank:
and the funds will remain on deposit anc
not be withdrawn, said Commissioner w
E.. Sterne today.
.'It was reported to US that there wa.
considerable rumor current about the con
dition of the First National bank. We in
veStigated thoroughly as to the condition
of the bank and the resources and we
found no cause for alarm. The county
funds are IN no danger and VIII remain
where they are. We consulted with Other
bankers as to the situa alton and we arr
thoroughly convinced that there is no need
for alarm and we certainly will not cause
any alarm, nor embarrassment to the 10
cal banks, by Withdrawing the county
funds simply because of unfounded ru
NOR
Mr.. DevIin's Illness and Condition.
One morning about two weeks ago
while Mr.. Devlin was sitting at his
breakfast table, he had occasion tc
use the name of one of his favorite
horses. He could not pronounce the
name. After number of unsuccessful
attempts. his wife became alarmed
and insisted on his lying down. Signs
of highly congested condition of the
| brain soon became apparent.
Medical attendance was called. II
was reported at first that the trouble
was resultant to an attack of acute
indigestion. While Mr.. Devlin's con-
dition has not been serious yet the
PHySACidA LIDS SA1OICCQ Liz
strictest care, quiet and rest.
| Announcement was made at the
time that he would be out in several
days. On Wednesday of this week a
statement was given out at the house
that a week would see him back at
his Office again. But the attack did
not reduce itself as easily as at frst
thought, and upon the advice of his
! physician, DIR. w. S. Lindsay, Mr..
lDevlin was persuaded to resolve the
heavier burden of his business matters
into the hands of subordinates, rather
than attempt to continue their con-
duct i'm detail by himself, as he has
done for many years.
sI cannot speak freely concerning Mr..
i Devlin's condition. said DR.. Lindsay
today, because 1 am the family ply
sician and such things and knowledge
thereof belong strictly to the family. I
| will fhoIroh that Mr. DavIir7 fS r,f1xy-