The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-18
MUST WAITFOR IT
First National DepositOrs Won't
Be Paid Soon.
Receiver Bradley Says Affairs
Can't Be Closed Soon.
MIR. LELAND DENIE S
Will Not AntagOnize the Miners
Union.
Devlin-Miller Coal Co. Office to
Be Closed.
MIR. LELAND DENIE s

There is reason to believe that the
permanent receivership of the First
National will continue for from six
months to a year.
Receiver Bradley of the First Ma
tional stated this morning that in his
estimation there is-small doubt but
the receivership will last beyond six
months. There is a big job here. 1t
will take considerable time to secure
the most out of the assets which the
bank has"
"Can you wind up the affairs in six
months, do you think?'' was asked.
mo, it will take longer than that.
There are great many things to be
done. 1t will take time to realize to
the utmost upon the assets of the
bank, and this must be done. The re-
ownership must last until the last divi-
dend is paid to the last creditor
number of business men who have
had relations with the bank of a bust
ness nature dropped in during the day
and congratulated Mr.. Bradley upon
his appointment. The depositors' ex-
ecutive committee will meet this after
noon and call upon Mr.. Bradley and
offer their services in securing as
speedy a termination of the banks af-
fairs as possible.
The receivers of the Devlin proper
ties have no desire or wish to antagon-
ize the miners union. The statement
that was sent out from Kansas CITY
that the full capacity of the mines
would be worked regardless of the
length of the working day specified by
the union is false, according to a state
ment by Cyrus Leland, one of the
three receivers. this noon. 81 never
said anything like that. We have no
desire to bring the union question into
this matter OF working the mines 1
understand that the mines at From
tenac are worked by union miners and
the report from Kansas City has gone
down there and hurt us. The mines
are producing their full capacity and
everything is going along smoothly
will you try to introduce nom
union miners in order to get the full
capacity out of the mines?" was asked.
AS 1 have stated, we have no de-
sire to bring into the question the
matter of unions at all We leave the
matter of engaging help with the su-
perintendents at the mines. They are
giving satisfaction and there is nc
trouble, and they will continue to hire
as they see fit.'
Have you made a formal demand
upon Receiver Bradley for the securi-
ties which Mr.. Devlin turned over to
the bank at the time of it's failure?"
Il haven't anything to say" re-
| turned Mr.. Leland.
The business of the various COM
panies will be concentrated at one
the receivers have inaugurated. Under
| Mr. Devlin's management the affair.
of the Mount Carmel company and the
| Devlin-M Miller company were KEEP
separate and distinct, with an office
force which was distinctly separate ir
its management and discharge of it.
duties The Devlin- Miller headquar.
tiers were maintained in the Devlir
building next to the Central Nationa
bank building, while the Mount Car.
mel Coal company had offices at NintI
and Kansas avenue. I'VE are goinf
to change that" said Mr.. Leland
I'VE will have all the affairs brough
in here and we will be able to know
how things are being rum Thi
means that the Office of the Devlin
Miller Coal company will be abolished
It is probable that concentration
as far as Office management is con
cerned. will be the business rule which
the receivers will introduce after the,
have gone into the matter of manage
ment further. An inspection trip b,
the receivers will be made in a shor
time The trip will take in a numbe
of the coal properties and an inspec
ton in order to determine their value
will be the object.
Clifford Histed, attorney for MI
Devlin, will arrive from Kansas Cit,
to confer with the receivers here thi
afternoon. w. H. Rossfngton, vic
president of the defunct First Nationa
4 bank, is still at Excelsior Springs. ant