The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1873-10-02

CLARK CO.

At Clark & Co.'S Bank our reporter found
the teller, Nh. G. II. Hyde, willing to an.
swer questions. Mr.. A. NJ. Clark i in Salt
Lake, and Mr.. N. E Clark in St. Louis.
Our reporter tackled Mr.. Hyde in this
fashion:
Reporter-How are depositors feeling TO.
day
Mr.. Hyde-Feeling good. They seem to
be we'll satisfied.
Reporter-Have you any idea, Mr.. Hyde,
how long this thing will continue?
Mr.. Hit is hard to tell. The govern
ment could easily remedy this trouble by
free banking system, % that a man could
exchange bonds for currency when currency
was wanted, and conveIt his currency irto
bonds when currency was over-plen.if1i.
| Reporter-What per cent Of the deposits of
Leavenworth could to-day be paid in car
rency by the banks
| Mr.. Hyde-I think at the outside % per
cent. Ocr currency balances are locked in
the vaults Of Eastern banks.
| Reporter-What can business men do
while this trouble lasts I?
| Mr.. H-They can use certified checss.
! Reporter-Are your country Correspond
ents drawing their balances?
Mr.. H-Not to any great extent.
! INsLEY, SHIRE &C.
| Our reporter found Col. Insley ready to
receive conund.ums, and pay out answer. on
demand.
Reporter-When do YOU expect TO psy
checks, Colonel,
| Col.-We did expect TO open next Mon
day, and would open tomorrow, il We could
obtain our currency deposits IN Eastern
banks.
Reportsr-How will the suspension OF the
hanks affect trade in the city.
| Col. 1t will not have a serious result.
| Certified checks can be exchanged until the
banks are ready TO pay currency.
Reporters there no way of avoiding
hardships among the laboring classes who
have small deposits in the banks, and need
their money for the necessaries OF life?
Colour bank would favor plan TO pay
small checks, and thus relieve distress, and
hope to make an early arrangement TO do 30.
Reporter-Whst is your opinion about the
German Savings Bank--wil! il be able to re.
open on the day appointed for lis resump-
ton?
Coll do no, see how they can open be-
fore the other banks Of the city resume.
NEWMAN & HAvENs.
Without any extra ceremony our reporter
entered into conversation with Mr.. Paul
Ravens Our interviewer had talked with
40 many bankers tina; he began to believe he
knew more of the banking business than the
man who invented currency, and hence ap-
preached Mr.. Havens with the confidence of
one who knew what he WAS talking about.
In this style the trouble commenced.
Reporter-If had $40, 900 in U. S bonds,
Mr. Havens. how mnch currency could
&c, from you BY depositing my bonds as Sc
critics?
Mr.. Havens-You couldn't get dollar.
Reporter-Why?
Mr.. H. Because bonds are plenty and cur
rency scarce. Ravens found out some
way that the reporter didn't have the
bonds.
Reporter-Are the country banks gener-
ally calling for their Gus reDcy2
Mr.. Hat this season Of the year their
balances are very light, but they have been
calling il in.
Reporter-How do your depositors feel
over the suspension?
Mr.. H.-They recognize the necessity Of
it. The situation was unavoidable. When
the st. Louis and Kansas City banks declined
payment We had to resort TO the same
course to save ourselves from the effects of
run.
Reporters there any way 10 assist the
needy depusitors?
Mr.. HI would favor the plan Of paying
small checks.
Repor!er-How will this suspension afIec,
merchants?
Mr.. U-They can use certified checks.
The banks have agreed TO make settlements
every Saturday evening. Here Levi Will
son interfered by telling how a man met him
on the streets and inquired when his
''dsmn'd hole up town would open again,
saving that he had $1,000 in it.. Levi says |
he looked at the fellow and replied, "You !!
d pauper, you never had twenty cenis |
in bank in your life. That closed CONVEX
sation between Levi and the disconnected |
CT izen.)
FIRST NATIONAL. I
Late in The evening our reporter hailed I!
the cashier OF the First Na;ionai
in the telegraph Office, and found
ont among other things that the
government deposits at the Firs; National
70 1928 .000, which was amply go
cured by L. S bonds. The information was
Obtained that the First National had not iosn-
ed a dollar OF iepositors money and wonld
reopen es s0on a. the New York banks
c,nld get Strengthened out
Here cur interviewing man suspended.