The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-04-13
SAYS NO DEMANDS FROM
TREASURY DEPARTMENT
Declares Reports That Concern
is Ii Financial Stress are
Wholly False

Kansas City, April 13-Replying to
a special dispatch dated Washington,
in which the correspondent said the
Commerce Trust company of Kansas
City had been dropped from the gov
ernment list of approved bonding
companies because Of failure to make
proper reports to the government au-
thorities, w. I. Kemper, president OF
the Commerce Trust company, made
the following statement today
1T Is not true that the Commerce
Trust company has failed to make
any reports which it is required by
law to make or which it ever has
been requested to make 1t made n
ieport to the treasury department in
January, 1910. 1t is required TO
make reports only because of making
surety bonds to the government, and
then only quarterly
The next report is TO be made for
the quarter ending March 81, and Is
required by the government to be
made any time during the month OF
Apil. 1t will be made in due time
tomorrow II the government requests
IT,
1T is not true that frequent de-
mands for reports have been made by
the treasury department or by any
one else. On the contrary, no de-
mands ever have been made. The
reports have been furnished regular
y, as required. If any rumors have
reached Washington, or any other
place, to the effect that the Com
merce Trust company is in bad finan-
cial stress, such rumors are absolute
ly false, and have been inspired by
the most malicious motives.
mo complaint has ever been made
to the Commerce Trust company by
anyone connected with the treasury
department, or anyone else in regard
to the financial condition of this com
pany. There has never been any In
timation to the Commerce Trust com
pany by anyone connected with the
government, or by anyone else, tt
the effect that this company is not
regarded as absolutely solvent and In
good, financial condition.
mo objection has ever been sllg-
gested by anyone connected with the
government to accepting Commerce
Tlust company bonds, except on the
ground that It has been rule of the
government not accept bonds from IN
stitutions that we're doing a banking
as we'll as bonding business, and
IL the Commerce Trust company has
been eliminated by the treasury de-
partment from the list of approved
bonding companes, II Is because II
does banking as well as q bondins
business. and not because of any OBJ
jections to its solvency or financial
condition.
at Is true that the Commerce
Trust company is surety for Okla
homa school funds deposited In sew
erat different banks, but in every In
stance the Commerce Trust company
has ample protection 1t is not true
that the Commerce Trust company is.
closely related to the National Bank
Of Commerce OF Kansas City. though
the two institutions are on friendly
terms. and the Commerce Trust com
papy entertains the highest opinion
of the condition and standing of the
National Bank of Commerce.
r. w. Perry. president of the Ma
tional Bank of Commerce, which in
the washington dispatch referred to
above. was spoken of ss being as
socisted with the Commerce Trcst
company, Is authority for the stats
ment that this Is not true. He saws
that while be and the officials of his
bank enjoy the friendiest relations
With the other bank that not dollar
Of it's = took Il owned among his di-
rectorate. He scouts the idea tlA't
the Commerce Trust company Is in
disfavor with The treasury depa Ttment
and expresses the greatest confidence
In the stability of the institution and
the responsibility of its officers