The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-11-02

National of Vermont ....-..-..--..- lUUO0
! Union Central ACKNOWLEDGEMENTS lg 0I9
Pr0Rldent Lie OBSERVATION-DISCLOSURES 92UVy
Mutual Benefit ACKNOWLEDGEMENTS. -9U08
/ Michigan Mutual ..-...-.-..-..-.... 10000
Turned over to the First
I National bank Of Topeka
/ Dy Mrs, Devlin ..--...-----S so ,V09 80 A..
/ Lapsed since July -..-...... $1,000 f5SOO0
ms. retained by Mrs Devlin.....s ASSOC
Mr.. DeVlin's Family.
Mr. Deviin was survived by his wife
/ and five children, Blossom, age II;
Ethel, age IS; Charles, age 10; Inez, age
10; Ruth. age 6. One son, James Devlln,
I the Oldest, died two years ago at the
age OF 10 years. Mrs. Miller. mother
OF Mrs. Devlin, has been staying at
Mr.. Devlin's home while he was away.
Funeral Friday Morning.
John L. Christopher Mr.. Devlin's
/ nephew, seems to have been the only
/ Topeka private party who received in
formation Os Mr. Devlin's death. He
/ received a telegram asking him to come
I to Chicago at once. and saving that
the funeral would take place on Friday
morning at II o'clock at La Sale, III.
! p. J. Monaghan, a personal friend Of
4 Mr.. Devlin FOR many years, and the
manager Of the Southwestern Fuel COM
pany. one of his subordinate companies,
+ was asked to come to La Sale and act
/ leave Topeka on Thursday afternoon.
/ isn't il an awful shock he said to-
day. II would have given a years
salary to have seen him for two min
utes. I felt very hopeful over the con-
dition Of things. I am absolutely un-
able to say what effect his death win
have UPON his financial affairs"
Death VIII Not Affect Bankruptcy
Cases
Mr.. Devlin's death will not affect the
/ bankruptcy cases now pending against
him in the federal court The law
reads as follows in regard to such
cases as his: 1.-The death or insanity
of a bankrupt shall not abate the pro-
+ ceedings. but the same shall be con-
Quoted and concluded in the same
manner so far as possible, as tnOugn
he had not died or become insane,
! provided that in case of death, the
widow and children shall be emitted
to all rights of dover and allowance
fixed by the laws of the state of the
bankrupt's residence.
Referee W. H. LOOMS Of the bank
ruptcy cases was asked to make a
statement and declined.
RIr Hurley's Tribute TO Detlin.
James E. Hurley, general manager OF
the Atchison, Topeka & Santa Fe, ana
one of the receivers of the Devlin prop
erty in the bankruptcy proceedings, was
well acquainted with Mr. DeVlln ana III
spea king of his death today said;
Mr.. Devlin was an estimable gentle
man. His was a very attractive charac-
ter. He was a man without Wees III
fact a man of perfect habits. morally.
He was charitable and had kind
thoughts for everybody in the world
His entire lie was consumed IN bust
ness and commercial pursuits and MS
application and constant thought on
business affairs has undoubtedly peeh
the cause Of his early death. He was
II erasa FF g
play or a wish Cor personal adornInent
ana he lived for his family and all the
world"
Intended TO Prosecute Devlin.
/ One of the banks that was forced
to close its doors through the 1allufe
of Mr.. Devlin was the Spring Valley
National bank at Spring Valley, HI,
land in a recent issue of the Press, a
newspaper published at that place,
was the announcement that some OF
the creditors of the bank had decided
to prosecute Mr.. Devlin and some or
the other officers of the bank for fore
ing il to the wall. This item reads:
1.-THE Lithuanian creditors Of the
Spring Valley National bank held a
meeting last week and decided to
prosecute Messrs. Devlins Barton and
ConIon. officials of the bank, for neg
ligence in connection with conducting
the business of the now defunet bank.
About 100 creditors attended the
meeting"
Eject OF Death on Claims.
The total good assets of the First Ma
tionaI bank, including the life insurance
policies of s677 900, now amount to ST.
433. 684, while the liabilities, according to
the report of Comptroller Ridgely,
amount to s1,660,557.
Aside from the assets mentioned the
bank holds s1,222, 435 worth of doubtful
assets uDOn which more than enough
will be realized to make up the difference
: between the assets labeled as good and
I the liabilities.
In fact it is believed that there will be
probably a surplus existing after all
claims have been discharged.
According to a report of the comp
trolIer the amount of cash on hand tC
date amounts to $197, 1880; the insur-
ance policies represent additional cash
and the total cash which will be in the
possession of Receiver Bradley within
so to 90 days viii amount to 1914. 492.50
On this basis the creditors Of the bank
I have already more than so cents on the
S dollar, cash.
C The total deposits amounted at tbs
t time Of the failure, s1,222, 4S5.
1 Life Insurance Best Asset.
q AS far as the First National bank is
2 concerned the life insurance of 1Tr
Devlin proved tbs most profitable hold
! ing which they possessed Receiver J
4 T. Bradley had been figuring on turn
ing the policies in to the companies an6
I securing a cash surrender value fol
: them; he was awaiting the return Of
; Mr.. Devlin to the city however before
he attempted such a transaction in or
der to get Mr.. Devlin's consent as vel
as Mrs Devlin's. The cash surrender
of the policies amounted to about So,
600. while it was costing the First Ma,
tionaI in the neighborhood of $4,000 {
+. year to maintain the payments on tn,
s677, 900.
Kept Up the Premiums.
A discussion took place Tuesday be
: tween Bradley, the receiver, and San
? Radges of the depositors' committee
s over the life insurance. cit seems Il