, 1877-07-18
FINANCIAL,

Another Snall savings-1}nnk In st. LouIs
Temporarily susi,ends-Tho Excitement
Dying Out.
81. Louis, July 17.-Thts morning business at
tho banks opened with brighter prospects,, md
up to this hour III o'clock} nothing Of special
note has trnnsplr.al. 4 very few people, not
mora than half dozcu at anT nnc t:mc, have
beeu at the Fourth National and tho prnyitleut
Savings presenting checks. wl,ich haye been
promptly paid. The run seems to hare stopped,
and 1t Ia hoped there will be no further excite
ment or trouble. still 1t cannot be said what
the day will brIng forth.
Tho officers nf tho North Ct. Louis Savings
Institution assert that the assets OF tlc bank
exceed the liabilities fully $15o.0oo, and tha:
they can be pretty easily realized upon; Tho de-
posits amount to sGQo,oo0 Tho bunk will 20
into liquidation. It Is said Espy, Ilciligbach d
Co., Of Cincinnati, had considerable SUN
In tho bank when It close.l, Is stated
yesterday. Mr.. Merrill, President Of the
Hank of St. Louis, says the bank will pay DO
posftors every dollar. Thu current deposits arc
about $500, ,ooo, aad tho time deposits $4,000,
With asscts more than Euttclcut to pay uil. The
bank had large amount Of New York exchange,
which 1t could not dispose Of, but Il could have
pulled through had not tho Nurth 81. Louis
savanes eloscd, locking up TN .0oo Of its clear
ings.
A pretty well authenticated report has lust
come lowK from the extreme Northern part OF
tho city that the Bremen Bank Inns closed. No
psrtlculars tan bc given at this wnttux.
The run on the downtown banks may be go-
gasded u stopped. Thu enforcement Of tho
thlrsy-lays' pot!ee ruls ycsterday regarding
timctrrtticates tcctus to have effected tlIs re-
all the L.. A..
savings-ban'e have mostly been drawn out ttc
excitement has about. subsiiel, anu business |.
progressing n.alls III IT. rcguinr clisnnels.
LATEA.-Ihc report 9bOut the closing uf tue
brc,ne,, Savings Bank proves! to he true, Tie
bank datt ~ clearing through the Franklin,
thtr accommodation FROM that suurcu not b,,-
Ink Forthcoming, the Directors held mcrt-
!ng and adopted = resolution declaring that,
y view o. tho requirements Of the .new s:ata
aud tts duty to it, ieliosito,s and stockholders,
tbs bank woul. sltsI~lnl for i period Of t,1.
days. with u view TO liual liquidation. TIC
original capital Vt the bank wa4 $lD0,uJ),
but tiils was reduced some liais smu
Tho deposits amoaat 'r i to 0ah thu. stsoss!S' s.
O0U, Including $1l5,0U In time deposits, Tho
aisrts arc placed at $aas00Nl The oiilcrrs 1T
the bank assert that 0cposItors Will be fully
paid.
The run to-day was very light, and lous bo-
fuFu the closu Of busi'lcaa hours It ha4l psa"-
tieally reasul. 1t scc1as ~ though tho FURRY
u entirely oysr. aIu that there viii be ia fur
thrE trouble. It is cxpeescd that business TO-
MORROW Will rcauMc fta regular course.
This sia:eI,rrt that EspY. Fleln.lpnrl g. Co..
OF Cincinnati. hal 4 considerable auluunl VI
money III tl.e North ssi,sour! bayings Bank
when 1t eloaed yesterday rrurel /" lsaYe beet,
untrue. That hol.ss Ii debtor In tnIull amount
~ the hank, instead of Lelng creditor.
ItosT,k, July l1.-'rhn Commissioner of sas-
tnxs banks has cuIoincA tho flAyerhlIt (aIass.l
Savings uank from dolug further business.