The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-07
WILL Be ONE BANK
F. p. Metzger Buys Out Char ter
of Rival.
German-American Institution
Withdraws From Field.
NAMES OF DIRECTORS.
Board Has Been Agreed Upon
But Not Elected.
Will Locate at Third and Avenue
Within 80 Days.

| The matter of new bank for lower
Kansas avenue was settled last Satur-
| day evening when F. r. Metzger pur-
| chased the charter of the German,
! American bank and arranged for dis
| tributfon of the stock, which was SUBJ
| scribed for the two different institu-
| tons which were looking for a location
| in this district last week. There is no
| doubt that there will be a bank IN
| operation within the next thirty days at
| the corner of Third street and Kansas
avenue which will be amply able to
| take care of the custom between the
river and Sixth avenue.
f. T. Metzger, who is the cashier Of
| the Hardesty bank and interested In
! numerous other financial institutions in
| Oklahoma, will be at the heaC of the
new institution, and it is likely that j.
| B. Belts will be vice president. The
cashier has not as yet been selected
| though it is likely that he will be Sc
| lected from the German speaking d.
| rectors of the bank or from their
| friends.
w. A. Radford, who was stated for
| the position with the organization, was
| offered the place but refused it as he
has been rendered an advance IN salary
and other inducements and it is more
than likely that he will remain with
R. G. Dun & Company as their repre-
sentative in this city.
The stockholders of the new institu-
ton include: F. P. Metzger Senator
Charles Curtis, Senator j. B. Belts. Miss
Pollie Curtis. F. L. Stevens. Joseph
Groll, S. G. Zimmerman, J. H. Cham
bers, J. c. Holland, J. c. Dolman, A. T.
Reid, t. F. Doran, o. E. Hungate, H.
Hedderman, Oscar Bishoff, George
Glatsbach. T. c. Mueller, M. A. Blanch-
ard, A. K. Rogers, j. J. Schenck J. A.
Nelson, E. B. Walker, G. S. Hartley
Whitaker Commission company, and r.
F. Hayden.
The bank will be capitalized for $25,-
600, though it is likely that the capital
amount within short time as the
stock subscribed for was divided in
halves in order to accommodate those
who had subscribed for stock in the two
banks which were being organized at
the same time. The building at the cor
ner of Third and Kansas avenue has
been leased for five years with the privi-
lege of buying before that time.
There is no doubt that the locality
offers exceptional inducement for a
new bank as it is in the center of the
wholesale and commission district.
There has been a rush for stock and
is raised it will be to accommodate
this demand from the business men of
this section of the city.
A meeting of the stockholders will
be held some time this week for the
purpose of electing a board OF di-
rectors though the following board
has practically been agreed upon: c.
States, o., Krauss, o. Bischoff, r. F.
Hayden J. H. Chambers, J. B. Belts
and F. P. Metzger. At this meeting
all of the officers of the institution
will be elected though it is practically
assured that F. P. Metzger will be
president and J. B. Belts vice presi-
dent. The selection of a cashier will
also be left until this time and at the
present no one has been suggested for
the place.
Workmen are remodeling the build
ing at this time and arranging for the
vault. The furniture has been or
dered and will in all liabilities be
in the city within the next week or
ten days. AT the present the front as
we'll as the interior will be changed
but it is the purpose to practically re-
build the corner within the next year.
1T looked over. the location thorough
ly" said Mr.. Metzger this morning, DE
fore concluded to locate a bank in To-
peka and I must say that the location
appeals to me as one Of the rest that I
have ever seen and was not surprised
when 1 found that there were others
figuring en- like proposition.
They are out of the running now as
we have purchased their charter and
will have a bank in operation before
thirty days. We have taken in a num-
Der of those who were interested in the
other bank though it was necessary to
divide our stock to do So 1 would like
to own much more of the stock, than 1
do but find that it is impossible at this
time with the demand where it is. We
are all one big happy family at this time
and it won't be long until we will have
one of the finest little banks in the
state located in the center of the whole
sale district of Topeka"