The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-06
NOONEIS FAVORED
Late DepOsitors Must Take
Chances With Rest.
Money in First National Not
Kept Separate.
MANY BIG LOSSES.
Hackney Milling Firm Had
$2I, 900 in Bank.
Many Other Topeka Business
Men Lost Money.

The depositors of the First National
bank who made deposits on Friday
and Saturday of last week will have to
take their chances on saving their
money along with the rest of the cred
itors of the bank. The report that
they would have their money returned
to them and that it would not &C in
On the books as part Of the assets vas
discredited this morning by ]. T. Brad
ley temporary receiver in charge of
the bank. st have never made any
statement of that character said Mr..
Bradley. t'All the deposits' he con-
tinued, made up to the time of the
closing of the bank have gone or. the
books and will be treated in the same
manner as the other deposits. AS the
bank was open for business until Mon
Gay morning, July 3, the deposits for
Friday and Saturday have been in
Guided in those going upon the books"
The above stand taken by the re-
cetVer is in accordance with instruc-
tons from the comptroller of the cur
rency at Washington.
The amount of the deposits for those
two days is not known and Mr.. Brad
ley will not give out any information
as to the amount He claims that it
cannot be estimated.
There is no question but the
amount is considerable since quite a
number of business men made de-
Saturday noon. One firm had $4,000
and the only thing that saved the de-
post was the fact that the messenger
failed to reach the bank on time. ].
NJ. Meade, engineer of the eastern di-
vision of the Santa Fe. made a GER
tifcate of deposit of $500 on Satur-
day morning. Instances of smaller
amounts are numerous.
That the officials accepted money
for deposits when they were fully
aware of the bad condition of the
bank is evident They made them
selves liable to conviction for receiv-
ing money on deposit with the knowl-
edge that the bank was in a failing
condition. No other construction can
be claimed since certain favored few
were told in advance and were able
to withdraw their deposits before the
failure.
UgIys rumors have been floating
about concerning thisi Information of
the. condition of the bank which was
tod to number of the patrons of
the bank. DR.. Hamilton. who as
trustee for the EIks fund of $4,000,
which was on deposit, said: yes. 1
knew of the condition of the bank last
week Tuesday. I was told then that
/ would be informed in time before
the bank would close so I could with
draw the funds I had on hand and /
went to the bank and withdrew. It
was generally known in Kansas CITY
mat the FIRST National was in a bad
N-N-S1A anu was lldUle TO 20 unG6T.'
Mr.. Lyons Is Here
Robert Lyons, legal expert sent nv
the comptroller of the currency, to adj
wise Mr.. Bradley on the legal phases of
MS recelVerShip said when asked TODAY
aEout the matter of preferred creditors:
don't care to discuss the matter of
the states claim. AS far as the CITY
and county are concerned they will have
10 take their chances along with the
, other deposltors. Mr.. E. F. Ames the
hank xT-1nf,
the comptroller will leave within a few
days and Mr.. Bradley assisted by my
self VIII remain in charge of things
here"
The county stands a very poor show
OF protection on the amount of it's $780,
600 held in the bank. Bond for its Sc
curity was signed by the directors of
the bank. But they are so deep in it
now that their resources will probably
be exhausted before the county could
proceed against them under their bond.
The city is in better shape. The S26. 24f
winch was held in the First National
was secured by surety bond signed by
the directors of the bank and also by
M Snattinger and Major William Sims
as individuals. Sims as director in the
pank viii be hard pressed to meet the
obligations which are piIing I'D but
Suattinger is considered by those who
are acquainted in financial circles as
good for the amount
The Big Depositors.
Herbert Hackney for the Topeka Mill
ing company was one of the large de-
positors of the bank. The firm had s21,-
OO0 tied up by the action of the bank
- authorities in calling in the comptroller
of the currency to take charge of the
baLk.
A number of the leading firms of the
city were caught for various sums
ranging from $4,000 downwards. The
Parkhurst-Daxis Mercantile company
has not yet been able to estimate the
full amount of their loss owing to the
fact that all Of the checks have not vet
been presented But the amount is con-
siderable
Crosby. Brothers had on deposit from
$4,000 to $4,000. They considered the
bank entirely solvent and were even SC
informed by the bank authorities Sun
day night. They had been patrons OF
the bank for the past "a years.
H. w. Seery of Seery & Morton was
caught in the collapse of the First Ma
tional. He refused to give the amount
Bethany college had funds of some
thing like $1,000 on deposit at the time
the bank closed it's doors while Wash.
burn college stands to lose $3.50.
Mrs. G. G.. Gage denies the state
ment that she had $4,000 on deposit
but admits to a deposit of something
like $4,000.
Felix & Sons the clothiers. Withdrew
a large amount of money a. short tim,
previous to Saturday and had onl!
about $500 in the bank when it close
it's doors Monday morning.
Con ChumoS, the Greek fruit deale
and confectioner at S04 Kansas ave
nue. says that he had about $3.50
saved uD and deposited IN the Firs
National.
Theodore Meske. the hunchbacl
boot black and newsboy who is aroun'
the Santa Fe depot plying his trade
:, had saved up for the past fifteen year
= 81 or and every cent was in the Firs
National. Meske, though a boy in an
pearance is now about 80 years oil,
and the loss comes hard.
c. w, Snyder, the banker, had clos
to S. 0G0 in the First National and re
ceived no intimation until it was to
late to with draw.
Robinson, Marshall & Co. had bushes
relations with the defunct bank but re
fused to state if the amount that the