The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-09-14

Capital National Open for BUSH
ness Today.
Cashier Bates Greatly Pleased
With Prospect.
IN ONE MINUTE, $4,000.
That Is What y as Received in
Deposits.
Well Known Faces Among the
Employees.

The Capital National Bank opened at
o'clock this morning for business,
within minute after that hour &c.,
600 had been received for deposit and
II minutes more ten more accounts had
been opened up. The necessary authori-
~ came from the Comptroller of the
Currency. at Washington in the following
telegram:
The Capital National Bank of Tope-
ka No. 1907 authorized to begin business,
charter mailed
w. E. RIDGELY.
Comptroller.
The officers of the new bank are:
Edwin Knowles, president e H. Crosby
president; cashier. A. H. Bates; as
sistant cashier, G. S. Bowman. The re-
mainder of the employees are: Guilford
Dudley, collector; George G. Thompson,
bookkeeper; Miss Georgia James. steno-
Rrapher. And then there is Dennis Hope.
Dennis is the negro 5anitor who was for
many years connected with the defunct
First National which did business in the
location now occupied by the Capital
National What Seventh street and
Kansas avenue would be without Dennis
Hope at the helm to guide its destinles
would be hard to conceive. Banks may
come and banks may go but Hope goes
on forever.
The business of the bank is starting
out fine" said A. H. Bates the cashier.
within one minute after opening this
morning we had received over $4,000 in
deposits. don't know how much the
deposits represent now. From present
indications the stock of the bank Will
boom up above par in very short time:
The stock is more than subscribed, ana
there are applications on file from those
who are standing ready to take advan-
tage of any sales which the presenthold-
ers may wish to make of their stock. All
but 81, 400 of the capital stock is paid in
and the remainder is expected to be re-
ceived by this evening.
A slight change has been made in the
arrangement of the cashiers desk; the
partition which separated the cashier S
desk from the corridor has been moved.
The desk of President Knowles occupies
a position in the front of the bank close
beside that of the cashier. Avoiding the
history of the First National there are
no large holder of stock. but instead OF
is distributed among a large number OF
small aIlotments. This is not going to
be q one-man institution" said E. h.
Crosby the vice president.
There is considerable red tape sur
rounding the establishment of national
bank
AS soon as the promotion is made,
the intention of the proposed incorpora-
tors is made known to the comptroller OF
the currency at Washington. The treas
ury officials then look up the records to
see if there are any other banks of the
same name in the city from which the
proposed Incorporation is to be made.
This takes about so days. When favor
able reply is received a list of the direc-
tors together with their standing is
forwarded. This is then scrutinized. A
statement is then prepared show
ing the amount of stock subscribed and
paid up. This is also forwarded to the
proper authorities. United States bonds
to cover the issue OF bank notes to be
made by the bank are also placed with
the comptroller. Plates for the bank
notes are prepared and the notes are
then printed and forwarded to the bank
for distribution. This completes the
transaction.