Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-16
THE WARRINGTON BANKS.
No Trouble Appreciated An This City.

views OF LEADING YNANcIERs-wnAr rs SAID AZ
no rHH CAUSE OF THE TROUBLES IN NEW YORK.
Inquiries among the washington banks to-day
developed the tact that there ID stn no uneasiness
felt here on account OF the financial troubles In
New York. Said one prominent banker: "The
panic, 1t can be called such, IL merely local az
ialf The financial condition OF the country Is not
sucn as 70 warrant panic OF any extent Some
outside concerns who had money with the nrms
that failed are, OF course, more or less afected AS
Tor washington, there Is not the slightest necessity
for any Apprehension. We are cut Oh from the out
lined TO local securftieAn
An onacer OF the Bank OF Washington said there
Is not tne least sign OF uneasness here, and there
need oe no apprehension.
Mr. MOMENTS VIEW OF THE PRESENT TROUBLES
Mr.. s. Norment, president OF the Central National
bank, said to-day "that 90 far from there being
any signs OF uneasiness, there were signs OF con-
oence here; for on yesterday. the receipts OF his
Continuing. Nj. Norment said :Ws his s entire
trouble mas been caused by gambling speculations
IN various kinds OF stocks, especially In railroad
lesson. not easily forgotten II is confined TO those
banks that have had connection with Wall street
brokers Amy national bank president who is 50
foolish as TO use the funds OF the bank help these
operators ought 70 be put out This unexpected
storm wiz serve more TO purify the financial at
than anything that has ever happened 10 this
country. / have not the least idea that any ma
uOnal bank president In this city has ever done
such thing. speak for banks OF Washington
alone, being personally interested In three OF Them
and for my part would be glad TO see the bill Of
fered by MT. CullOm yesterday pass both Houses OF
Congress and become q law"
DR. D. b CLARKE,
OF the National Bank OF the Republic SAYS that
there is no need OF any apprehension OF trouble
here for the banks are safer and sounder than any.
where else. II Is only the specializing banks that
have been hurt, and fortunately all the banks here
are OF q conservative character, and have not been
tempted TO speculate. There have been no signs OF
our business as usual" said DR.. Clarke, .Ioaning
our money whenever the security Is good, and be-
ueve all the other national banks are doing the
same"
Mr. a. Q. SWAIN,
cashier Of the Second National bank saws that
there is no sign OF uneasiness here that his bank
Is conducting business in the quiet, way which
has always characterized It, and IL Is to-day as safe
as II Is possible for bank TO be.
IN THE BROKERS' ofr1cK&
The chairs in the brokers' of1ces were well pat
ronized again to-day and every bulletin posted was
read with interest by anxious speculatorA There
were also many inquiries from persons who seemed
inclined TO take advantage OF the low prices OF
STOCKS TO buy In The failure OF the Newark saw
lngs bank, whose labilles reported at s. 600 0O0
was the chief item OF news banded about The
action OF the New York bankers, agreeing to loan
par on government bonds, was regarded fayorably.
tributed To the failure OF Fisk Hatch, who had
large holdings OF these bonds. report from New
York, that only $l09, 600 In bonds had been offered
LOT redemption under secretary Folgers recent Or
DER puzzled some OF the f1nanciers who calculated
that the bonds would he offered for redemption In
large amOuntS