Jasper County Democrat, Volume 8, Number 15, Rensselaer, Jasper County, 8 July 1905 — AFFAIRS OF J. C. DEVLIN [ARTICLE]

AFFAIRS OF J. C. DEVLIN

Action of Kansas City Creditors Friends Declare Him Far from Being a Bankropt. Topeka, Kan., July 6. —Affairs In the failure of the First National bank have assumed a different phase. Kansas City creditors have petitioned the United States district court to declare Cha*. J. Devlin a bankrupt. The

was made returnable on July 20, and' Its effect is to prevent any further attachments of Devlin property and to set aside real estate valued at $700.000, which Devlin had transferred to the failed bank. This action thus reduces the bank’s assets, at least temporarily, to just that extent. Devlin’s friends declarre that he Is far from being a bankrupt, and still insist that the bank will he enabled to pay dollar for dollar. Receiver Bradley announces that it wllL be ten days before he can make a statement of Its condition. Washington. July o.—The comptroller of the currency has appointed National Bank Examiner D. A. Cook receiver of the Spring Valley National bank of Spring Valley. 111., and National Bank Examiner J. MacSholt receiver of the First National bank of Toluca, 111. The suspension of these banks is due to the failure of C. J. Devlin, who was president of both.