Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-07-21

Continued from First Page)
door by Examiner Ames, which simply
stated that the bank was in charge of the
comptroller OF the currency, the following
unsigned notice was posted later:
Present all drafts drawn by the follow
ing banks on the City National bank of
Kansas City, Mo-, to the National Bank of
Commerce, Kansas City. Mo-, for payment:
Bank Of Greeley, Greeley. Kan; Citizens
State bank, Belle Plain, Kan; Citizen
State bank, Usage City. Kan; Citizens
State bank, Edna, Kan; Citizens State
bank, Paola, Kan"
The posting of this second notice devel-
oped the fact that other Kansas City banks
knowing that the City National was to
fall, wired certain of the latters outside
customers, principally small nearby banks
that they would pay certain drafts drawn
| on the City National. Later in the day
other notices from other Kansas City
banks designating different outside insti-
! tutions whom they offered to protect on
drafts drawn through the City National
were posted. " ."'' b.
! The City National bank has had varied
| experience. In its ffvegyears' existence II
| has had four sets OF Officers, and upon
numerous occasions the comptroller of the
| currency has called Ipon it's officers to re-
pair It's capital or better conform in other
ways with the banking laws. 1t was or
ganized in 1900 with a capital of $25O,OOO
Last winter the capital was reduced &c
F$aOOO 900. Later the capital was increased
800 900 to $4,000 charging of all their sur.
4 plus ana $4,000 Of rheit original capital
1t now develops that this did not take out
all the bad paper, ~ "'''
! Country Towns Are Hit.
later Edward Crebo. president of tho
! failed bank, said: t- , p.
Our bank had a large amount of C. ]
certain value, and the chances to realize
! on II seemed so remote that we decided
| II better to close the bank and liquidatt
| in country towns. We did not carry mucf
Kansas City money. can give no figures
now of the banks condition.
Edward Crebo, who is a railroad con
tractor, is also president of the Citizens
National bank of Eureka Kan. capita
$4,000. and the First National bank Of
Toronto. Kan. capital $4,000
On the board of directors of the CITY
National bank are Leroy M. Baldwin o.
New York, president of the Empire Trus
! company and director of the Phoeni,
| National bank of that city, and George C
Warner, also Of New York
Securities Returned TO Topeka.
| TOPEKA, Kan, July 2O,-Between $3.50,
600 and 100000 in gilt-edged securities o.
the defunct First National bank OF To
peka was today returned by C. s. Jobe
Of the American National bank OF Kansas
City. This security had been given to &c
$4,000 cash for the First National of To
peka on the day of the failure. The $50, 90
was not used, but returned to Kansas City
MT Jobes has held the securities until to
day, as he claims. part security 70
$263, 900 overdraft by the First National OF
the American National.
Cyrus Leland and ]. e. Hurley, receiver
for the Devlin estate, have gone to Chicag
to meet Walter Reeves, the third receiver
Some matters Of Importance regarding tn
settlement of the estate will be discussed
Receiver James T. Bradley OF the FRS
i National bank said tonight that his repor
Of the banks condition would be read
in short time. He received information
today which he has been waiting for an
which has delayed the completion Of tn
report.
No Illegal Loans.
WASHINGTON, July 2O.-The actin
comptroller OF the currency in a statemen
issued today regarding the closing Of tn
City National bank of Kansas City say
that no loans exceeding the limit of ]
per cent OF the banks capital are show
by the last report OF the condition OF tn
! ha,tr at the cloaa ~ htstnasa IN Ma,y %