Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1912-10-28
|MONTA ]. MOORE
| MAKES STATEMENT
Declares That Questioned Credits OF
American Trust Co. Were Ac-
tual Bona Eide Credits.

To The Post:
In the published report of the in
dictment charging a false statement
to the effect that at the time | OBJ
tanned the permit to do business for
the American Trust Company the
statement appears that the full capital
stock of the American Trust Company
was not at the time paid up in money
| in that the claim is set up that a
credit to the American Trust Com
pany on the books of the Commerce
Trust Company of Kansas City OF
1854 ,S00.50 did not exist in fact: that
credit on the books Of the Citizens
National Bank of Cameron of $751;
109.70. in fact amounted to only $4,000
and the credit of $44,997.2S in the
Houston National Exchange Bank was
in fact less than $4,000
| do not desire to try my case, or
any part of it, through the press, but
because of the foregoing / wish to
say, through the same channel, this
The capital stock of the American
Trust Company was paid up in money
at the time said permit was granted;
that with reference to the credits in
the Commerce Trust Company of Kan
sas City for 1864, S00.50, the Citizens
National Bank of Cameron for $j1,-
10970. and the Houston National Elk
change Bank of Houston for $44,-
1928, the same we're actual bona fide
credits TO the American Trust Com
pany for said respective sums, and
that the American Trust Company not
only had upon the books of the said
banking institutions the said credits,
but in addition thereto held the GER
tilted deposit checks of said institu-
tons in due and regular form for said
respective sums. 1t is pertinent in
this connection to call attention to
the fact that if said certified deposit
checks were false the officers who is
sued them committed felonies, which,
in view of their high standing is UNI
thinkable
At the time of the transaction with
the Commerce Trust Company of Kan
sas City an arrangement was made
with II to become the correspondent
of the American Trust Company and
the agreement was in the form and
wording usual and customary between
banks and, am informed and believe,
does not materially differ from the
agreement entered into between each
bank in Houston and its correspond
ents, especially in the central reserve
cities. / am informed and believe that
it is almost the same in form and sub
stance as one existing between one
of Houston's largest banks and the
Kansas City Commerce Trust Com
pany. This agreement took nothing
from the verify and absolute binding
force and value of the certificate of
deposit issued by said Commerce
Trust Company or the credit to the
American Trust Company on the books
Of the Commerce Trust Company, and
the said amount of 1864 ,S09.50 was the
property absolute of the American
Trust Company subject to its check or
order, and so recognized by the Com
merce Trust Company. No agreement
with either of the other banks quail |
fed or impaired their certified checks |
Of deposit or the credits on the books |
70 the American Trust Company.
The character and standing of the !
officers of the Commerce Trust Com
oany of Kansas City, the City Ma
.ional Bank of Cameron and the
Houston National Bank of Exchange |
If Houston, their long experience as
bankers aDd knowledge of banking
avs and the ethics of banking, ought |
o at least be prima facie proof that
10 arrangement was entered into with
hem that violated either the law or
he ethics Of good and reputable bank
ng.
Predicated upon this transaction
With the Commerce Trust Company |