The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-03
FIRST NATIONAL
Is CLOSED.
CcontInued from zee ones

NOontlHueo from rage Oue.)
thousand dollars than on Thursday"
John r. Mulvane, of the Bank of To-
peka, answered to a question of condi-
dealings with Mr.. Devlin, but all are all
| right. Lots of his paper 1 consider sat
| fsfactory to carry. Everything is in good
shape here. Our deposits on Saturday
were 100000 greater than on Thursday.
| understand that great deal of money
| was brought into Topeka from Kansas
| City on Saturday afternoon and yester-
| day. know that 100000 came from
| New York"
A. V. Lindell. Shawnee State bank,
North Topeka: There is no uneaSineSS
on this side of the river at all. Our
bank had no business with Mr. Devlin
at ALL People over here do not seem to
| take notice of the matter in any way"
Peter Smith, Citizens State bank,
North Topeka: 1--WE took all of our
surplus out of the First National bank,
where we had been in the habit of
keeping it, on Saturday and on several
| days previous. There is no uneasiness
over here at all. Our deposits both
this morning and Saturday were
Mr.. Smith was asked why he with
drew his surplus, to which he an
swered: "Oh, we thought we might
need the money"
Meeting in Kansas City.
This mornings Kansas City Times
contained the following:
The affairs of c. ]. Devlin, the Kan
sas millionaire. who is i'll at his home
ference of his business associates at
the Baltimore hotel yesterday after
noon, which lasted several hours.
Those who attended the meeting were
Judge Elijah Robinson, attorney for
the National Bank of Commerce of
Kansas City; w. c. Scarritt, attorney
for the American National bank of
Kansas City; c. A. LOOMS, attorney
for the City National bank of Kansas
City; Clifford Histed, ]. II. Harkless
and Ross Gilluly, attorneys for Nj.
and Mrs. Devlin; ]. w. Gleed, attorney
for the Central National bank of To-
peka; D. A. Motion. vice president of
the Corn Exchange bank of Chicago;
G. S. Downing, vice president of the
Central National bank of Topeka;
| Charles S. Gleed, who will probably be
made president of the corporation
formed to manage Devlins estate; c..
]. Lantry, director of the First Ma
!, tional bank of Topeka; Charles Blood
Smith, attorney for the First National
bank of Topeka; C. S. Jobes, president
: of the American National bank of
Kansas City; A. A. McClanahan, rep
resenting the Continental National
bank of Chicago; Mr.. Uhrlaub, repre-
senting the Central Trust company of
Chicago. and J. G. Stream, cashier OF
the City National bank of Kansas
City.
j. R. Mulvane, president of the
|
meeting, but was in frequent COM
munication by long distance telephone
with those in the conference.
Large Amount of Cash Needed.
+ The purpose of the conference was
to discuss the transfer of Mr.. Devlin S
/ properties from him individually to the
= corporation formed here Saturday to
! handle them. To make this transfer
r possible, and to keep the properties
running it was announced at the con-
| ference will "a frr- he in.
terested banks who were represented
at the meeting to advance a large sum
of money. What sum will be needed
was not determined. Some who at
ter of a million dollars would be
I enough. Others placed the amount as
> high as one million dollars.
1t was generally conceded by the
t bankers at the conference that the
amount needed will be raised. Ac-
| cording to announcements that have
:. been made Mr.. Devlin's holdings are
! worth between six and seven million
dollars, while his liabilities have been
. placed at between three and four mil
= lion dollars. The interested bankers
! said they were practically certain these
= figures were correct, but they want al
= possible doubts removed by an audit
= ing of the books of the different Dew
: lin companies.
Twenfy-six Devlin Companies.
: Mr.. Histed, one of the attorneys fol
: Devlin companies for the benefit Of
: those at the conference. There are
twenty-six of these companies and the
&c principal properties they represen
a day morning. 1t would require
; month to audit the books of all these
l. companies closely, but an examination
4 that will answer all purposes can b.
IS transfer of the property to the corpo
:. ration will probably be delayed unit
# this examination is made.
i A majority of the directors of tn,
a new corporation have expressed them
# selves as favoring Charles S. Gleed TO
n president and he probably will b.
chosen. Mr.. Gleed says he will not re
ar fuse the place, but that if he takes thu
n position it will probably be for a shor
IS time only.
b Bank Examiner in Charge
ID Elmer E. Ames of Norton, nationa
,r bank examiner, reached Topeka thi
e morning and has taken charge of tn
IS First National bank, acting under in
Re struction of the comptroller of tn
?, currency of the United States. MI
Is Ames is an intimate friend of J. Il
l. Burrow, secretary of state.
Shortly before noon notices wer
posted upon the doors of the banl
e that the institution was in the hand
e of the government officials.
g Mr.. AuneS did not take time to e,
l. out to luncheon today, but has begun
K the work of finding out the exact con
IS dition of the bank. He refused t,
< make a statement of any kind at noon
d. He announced that he might possible
g be able to make a statement of som
n charac ter this evening.
lie The highest officials of the banl
S. are confined at their homes on accoun
g of illness. Frank Bowman, assistan
ID cashier, was at the bank together witt
If other employees, to assist the banl
j" examiner in the investigation of tn
n bank. Mr.. Bowman refused to max
" a statement today. 1.-The bank is il
lie the hands of the comptroller" h
Of said, land I have no right to say any
if thing in regard to its condition"
he 1t is reported that the loans mad
" to Mr.. Devlin or his subsidiary com
le panies will aggregate more than