Every evening, Wilmington daily commercial., 1906-02-16
BUT ARE AMPLY SECURED
Vhy al OfiCial Statement Was Issued
This morning by the President
Of Delaware Bank.
1OCcRREGT UNFOUNDED RUMORs
No AdditiDnal Information
About Failure.
DETAILS AWAIT THE INVESTIGATION

According to information obtained
,,om the local banking institutions,
none will suf as a result # the H.
n,s Of Henry i. Evans & Co. Several
Al the banks had no accounts with
Fvsns 4 Co., and those which d,
,,cofdina to statements mace by their
4 olBcers, we're amply secured. The fol-
a Iovlne announcement, which appeared
IN the News this morning, resulted IN
some inquiry being mace Of the sew
srsl banks in regard to their connec-
4 lion. if any, With Evans a &C..
Lest the failure of the firm might cause
.ny uusasiness, John Richardson, Jr.,
president Of the bank of Delaware, last
niaht announced:
SThe failure of Evans & Co. in no way
vill affect the National Bank of Delaware.
4 We are amply secured with gilt-edged COLI
4 lateral on money loaned to Evans E Go
and the failure will not have the least efie,
4 mon the bank, which will be open and
4 transact It's business as usual Friday morn
4 Ing, report to the contrary not"itnaiand-
Ing.
When President Richardson Of the
. National bank of Delaware was seen
4 in regard TO the above publication he
4 explained that il was the result Of an
. uniounded rumor, which WAS CURE mt
yesterday afternoon and last night, 20
the effect that the Delaware Bank was
4 seriously involved as a result OF the
failure and would not open It's doors
today Mr.. Ricnadson said be cid not
know who started the rumor, but be
thought ] 6 wise 20 issue a statement TO
correct il, as it WAS without iouuda-
ton. Henry l.. Evans is vice. president
Of the Delaware Bank, but MT. kich-
sfdson said that was no excuse FIR
4 stating such a TumoT as the one re-
ieuad to above. MT. Richardson said
be vas 10 Philadelphia yesterday and
did lot return to Wilmington until
about O'Clock last evening, but soon
after bis return be heard the Iumor
Fefsried to above iIom several Sources,
uhereupon he deciied to isgue q state
nent correcting the report. Mr Rich-
Afoson said the bark had leaned money
to Evans a. Co., but it was not a large
amount and il Is amply socurad by
collateral, and that the bank will not
lose any ning. lie said the books we're
gone over this morning and this was
verified.
1t is understood that the Union
Bank has a small claim, but it is well
secured. President Preston Lea and
Vice President John II. Dandy we're
reported 70 be out Of the city when a
reporter Of Every Evening called at
the bank this morning, but the above
statement was obtained from a reliable
source. Mr.. Dandy is assignee Of
kvafs & Co., having been been Sc
Looted because OF his qualification, aud
be went to Philadelphia this morning,
It is said, in connection with the
affairs of Evans & Co, as some Of the
accounts are understood to be IN the
ohce Of expert accountants there.
Col. Benjamin Nields, president Of
the Security Trust and Safe Deposit
Uo., said that company has q small
claim, but it is amply secured.
Otho Nowland, president OF the
Equitable Guarantee and Trust Co.
said his company also has a small
claim, but il is fully protected by
collateral.
Inquiry at the First National Bank,
National Bank OF Wilmington anc
Brandy vine, Central National Bank
aud the Farmers BanE, aud also at the
Wilmington Trust Co. brought the
Information that Evans & Co. bad nc
accounts with those institutions anc
they are not interested in any way.
At noon James W. Ponder, attorney
ior Evans & Co. and also for th'
asslRuee, reported that there Is as ye
no definite Information as to ass sets an6
liabilities cf Evans & Go.