The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-11-20
No State Banks Anected.


failure of the First National of Fort
Scott.
Mr.. Hornaday's bank is connected in
no way whatever with any state banks
I'm this state. Mr.. Hornaday owns a
little stock in few state banks, but not
any considerable amount. His bank is
not stockholder in any state bank.
There is nothing to indicate that the
failure will cause any trouble with
other banks"
The news of the Hornaday failure
caused an immense amount of interest
in Topeka where Mr.. Hornaday's po-
litical aspirations have often been on
exhibition.
BY many it was referred to as AN
other Devlin case" Mr.. Hornaday was
known in Topeka as a man of great
wealth, who owned controlling interests
in most of the public utilities in Fort
Scott He was heavily interested in the
street railway, the electric light and
gas plants, telephone companies, and
especially in brick manufacturing con-
Germs. He handled a great many brick
pavement contracts, and dipped in on
many manufacturing propositions that
looked good to him. But his chief bust
ness was that of banker, and through
his bank it is presumed that all his
other enterprises were financed.
It was the idea of Topeka people that
some of Mr.. Hornaday's outside enter
prises had gotten into trouble and
case with the Devlin properties.
Grant Hornaday is AZ years of age.
He was born in Canton, Ind. He came
to F>t. Scott with his parents when he
was 10 years old. In 1885 he gradu-
ated from the Kansas State Normal,
and took job as collector for the
First National bank of Ft. Scott-the
same which has just failed.
In 1888 he became assistant county
treasurer under his father, and was in
that office three years. For two years
after that he was receiver for the
tional bank of Downs, and Cherry
vale National bank. He then organ
ized the Midland National bank of
Newton, and was with it one year. He
returned to Ft. Scott as cashier of the
First National bank, and in 1900 be-
came president of the bank
He has acquired property interests
of many kinds until he was generally
wealthy men of the state He is
Mason and member of the Christian
church.
During the past year Mr.. Hornaday
has been considerably in the limeIight
as a possible candidate for governor
of Kansas. Mr.. Hornaday was the first
to announce himself a candidate for
the Republican nomination. He also
surprised the politicians by declaring
in favor OF the primary election, be-
fore the law was enacted. Hornaday
was classed with the machine fac
ton of the Republican party. When
w T. Bailey announced himself a
candidate for the nomination. Horna-
day withdrew, and threw his support
to Bailey. Bailey'S subsequent with
drawal left Cyrus Leland and w. r.
Stubbs in the race.
Mr.. Hornaday held the office of city
treasurer of Ft. Scott from 1895 to
1901, but his only state office was one
term as president of the state board
of charities
bankers annual issued in March.
1907, gives the following statement
concerning the condition of the First
National bank of Fit. Scott at that
time, and the conditions have probab-
ly not changed materially since:
Capital, 100000.
Deposits, 1,105, 900.
Loans, $695,00o.
Cash and sight exchange, $551.000.
Surplus, s25,711.