The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-08-12
mn. KANE is WARY.
First National Depositors Not Satisfied
With His Replies

The executive committee of the de-
positors OF the First National bank
held a meeting yesterday afternoon at
the Commercial club. The letter re-
turning the answer of Acting Comp
trolier Kane to the questions which the
committee asked relative to the char
acter of the assets of the bank was
read and discussed.
The answer fails to contain any
thing more definite or satisfactory than
that hrst published and given out by
Receiver Bradley. 1t simply reiterates
the schedule of the assets and lfabili-
ties as given out by the previous re-
port without detailing them.
The only new information which
was contained was to the effect that
the bank building had been included in
the assets and that the assessment
against the stockholders was not.
The executive committee is any,
thing but satisfied with the Kane let
ter They don't believe that the ex-
cuse which he gives, that the interests
of the bank will suffer through the
granting of the request OF the commit
tee that the detailed account of the
assets be given them is valid or will
hold. Therefore they are going to go
ahead on their own line of informa-
ton and try to secure data which will
give them an idea of the exact char
acter of the assets and liabilities. The
the depositors' association to place
themselves in communication with the
members of the creditors association
with view of being represented in the
appointment of the trustees of the eS-
tate which will come off before long.
Political interference is also a fea-
ture they want to see eliminated in
the receivership of the DeVlin proper
ties. They believe that political cliques
had too much to do with the appoint
ment of the receivers and that the in
ferests of the creditors have not been
consulted to the extent that they
should have been.
With this later point in view, two
subcommittee have been appointed to
investigate the manner in which the
properties are being conducted by the
receivers.
The questions which were asked of
Comptroller Kane follow:
First-How much of the assets class
ed as good are cash?
Seconds the bank building included
IN the list of good assets at the value
# was carried on the books of the
bank?
Third-What has been the rental in
come Of the bank building?
Fourth-What is the amount of the
DeVltn obligations and those of his as
Eociate companies included in the doubt
full assets?
Fifth-What is the face value of the
collateral securities given the bank to
Sixth-What is the amount of over
drafts included in the worthless ac-
counts?
Seventh-Is part of the doubtful as
sets insurance policies on Mr.. Devlin's
hfe2 If so, how much?
Eighth-Are the amounts due nation
al banks and other banks and bankers
preferred claiTnsT
Ninth-Are the unpaid drafts out
standing preferred claims?
Tenth-Is the double assessment liza
bility of the stockholders included in
the sum total of good assets of the
bank? If so. what is the estimated
amount of that feature of the assets?
Eleventh-In your judgment how soon
viii a dividend be declared and paid to
the depositors?
Twelfth-What, if any. is the amount
of preferred claims allowed to individual
depositors?
Thirteenth-What, if any, preferred
claims have been allowed by the receiv-
er. and what preferences are being
claimed?
Fourteenth-When and how can the
committee have a hearing on the ques-
ton of preferences before the same are
finally determined by the department or
the receiver?
Fifteenth-Who determines the gues-
ton of preferences for the receiver?