Los Angeles herald., 1905-07-05
BANK D[POS|TORSA
MAJ. ..|3.|+l. PROSECUTE / lei
MUCH. FEELING IN TOPEKA
OVER FAILURE
.cARELEssNESS is CHARGED
II .tst, --------- rs
Determined Effort Made by Commit
:. tee Representing oevlln's cred-
ltsrs to Save Estate From
insolvency
cARELessNESs is CHARGED

lters to Save Estate From
insolvency
BY Associated Press.
TOPEKA, Kas., July 4.--1ndepen-
dence day affords financial circles in
Topeka another respite from the stren-
.uous situation of the past three or four
days and viii probably mark the ter
inrnatlon of the uneasiness among the
depositors of the six other banks. The
remainder of the week will doubtless
see the return of the small deposits
which were withdrawn on Monday.
- Mr. Devlin's health seems. improved,
though he Is sleeping under opiates adj
..gffinisterAd'by the physician to quiet his
nerves afteFEfonday evenings confer
'ei,ca. a 49,.
'ssGg ~ sHawley, the cashier is pros.
strRted; q peryous wreck,
Z trhesfoliowihg IS a connpleteslist Of
Mr. DeVln's liabilities so sfars as
known: r
2sf
Central ional yof Topeka,s $500 900;
Bank Of Topeka, s75s0oo; National Bank
sof Gomnietee .ISalisas FGits, $4,000;
American National bank Of Kansas
City, s4Oo,OO0i City National bank of
Kansas city s1oo0ooy Fourth National
of St Louis, 100000; Central Trust
company, Chicago, s5o,oJoj Corn Ex-
change bank, Chicago, 100000; contin-
entail bank Of Chicago, $50,0O0; New
York Trust company New York, $780,
e0e First National, New. York, $4,000.
Total, $2,S10,0Oo. l.r
This does not include the alleged lia-
rbilities of s75OOOo to the Baltimore
Trust company, nor small unknown LA
tbilities to Illinois banks.
Charles s. Gleed, who, it is said, is
to be president of the Missouri hold
ing corporation formed last week to
manage the Devlin properties, said to-
day that the report that Mr.. Devlin
owes $750OO to some Baltimore trust
company had not been confirmed and
he doubted it,
Obligations Overestimated
A statement was published, yesterday
to the effect that Mr.. Devlin owed other
banks at Topeka nearly half million
dollars. This proves to be greatly over
estimated Mr.. Devlin's obligations to
All the other banks of this city than
the First National do not aggregate as
much as 100000. 5
Depositors are becoming much
wrought up over the matter. They in
timate that criminal prosecution will
be made if the bank fails to settle with
depositors, alleging that. carelessness
was largely the cause for the failure.
3 "A determined effort is being made by
Devlin interests to pull him out of the
hole. committees representing the
scfeditors of ~ ,thea Deylin estate will
make every possible effort to save the
ESTATE from insolvency.
1.-The committee representing the chief
creditors has pledged Itself. to raise all
the money needed: to safeguard the In
5erest $ of the people toswhom Deylin'
oMSsAs honey. flt is thought that 9he
Deylin property and ,:the resources Of
4 ths I. ! 4 self @tiI.be aqflcient to pay
all obligations Of she bank. FIX
5S; Sg;;sas 20 Iced stated that in his opinion
thee First National bank would not be
able tp resume business.
In brief, this is the condition of the
bank: .tel.
The obligations of the bank to de-
positors amount to about $1,000, 900.
Against these deposits there is the
property transferred yesterday and the
other Topeka real estate securities
turned over to the bank by Mr. Devlim
amounting in all to 100000. In addi-
tion there are the insurance policies
turned in by Mr.. Devlin, the actual
cash value Of which is stated about
$780, 900. The assets of the bank, ex-
ELUSIVE Of the Devlin property turned
&his there is Devlin collateral with a
par value of 100000. The actual cash
value of this collateral cannot yet be
determined. The other notes held by
the bank amount to 100000. At the
time the bank was closed yesterday
there was approximately $150OOO in
cash on hand. The relation of the as.
sets to the obligations to depostors
depends upon the cash value of the
Devlin collateral and upon whether or
not the transferences from the Devlin
estate hold good.
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