, 1884-05-15
BUSTED" BROKERS'.
What Cheyenne Banking Men
Think of the Situation.
This City Can in Nowise be Affected
Financially.
Because the FURRY is a Purely
Local One.

hurry among some of the business men Of
Cheyenne, principally, however, from the
fact that it was not definitely known wha,
the real situation was. In order to learn
the views and ideas of the banking mer
upon this subject The LEADER reporter
took a trip around last evening amone
that class of business men.
The first gentlemen met was Mr.
Warren Richardson who, although not at
present in the banking business, yet from
the fact of his long connection with tn,
First National bank is probably abou,
as familiar with the situation as almost
any man whom the renorter could have
net. In answer to a question as to what
he thoughtof the situation he said:
well it is of course difficult to tell
just what might occur, but so far as
Cheyenne is concerned [ do not see that
it will affect us here at all. 1t max
possibly for a week or so iii should turn
out to be Il genuine universal panic, such
as we had in 81 for instance. Why even
Black Friday did not affect us here in
Cheyenne. | have, however, been look
ing for this and | am not surprised at il. -
In answer to a question as to the causes
of this trouble he said:
"Oh, hat is obvious enough, or at
least it is to me. You see those specula-
tors in stocks down there on Wall street
have thing pretty much their own
way. They run wild in specula-
tion and have been running very wild
of late. That is the trouble, and | don't
believe this thing will extend very far. [
should not think people here in Cheyenne
ought to be at all alarmed.
MI. 7. b. Hicks, cashier of the First
National bank, was found at the Inter
Ocean just preparing to get a shave. He
surrendered to the sage brush reporter
and in answer to the same question as that
put to Mr., Richardson, said ''There is
no trouble about this matter. 1t is some
thing which we have been expecting. Our
bank has been prepared for this for a
month-ln fact We are always prepared
for any kind of an emergency and the
other banks of this city are probably in
the same situation. You can Just note
down the fact that it won't affect matters
here In Cheyenne to any perceptible ex-
tent. You see We are too remote-too far
away from New York to be affected.
Then again this trouble is not a universal
thing; it is confined to Wall street and is
due to the stock spectators there. You
see those ROSTERS have been overreaching
themselves and have been trying to grind
everybody else down. | don't see how it
will affect us at all. There is no danger
here and there is no occasion for anybody
to be alarmed. We stand on our own
basis principally here in Cheyenne and
are not much affected by what happens
elsewhere, especially in New York"
Mr.. j. W. Collins, cashier of NJ. L.
Post & Co.'S. bank, was found in earnest
conversation with a number of gentlemen
in the parlors of the bank.
II want to ask you two questions re-
garding this financial situation" said the
reporter. WI it affect Cheyenne to
any extent, and what has caused this
eommotion?'
Mr.. Collins replied, Il should say that
it will probably not affect Cheyenne very
much. Oh, well, if it should be of long
Duration i mean this matter of a regu-
lar crash, if there is to be one,-it would
probably affect Cheyenne somewhat. 1t
would affect it in i general way, Just the
same asst will affect the entire country.
This whole trouble comes about by reason
of the n and rascality of those
spectators down there on Wall street.
Why | tell you those fellows ought to be
gibbeted. They have been squeezing
everybody down just as far as they can,
and they have speculated and concocted
all sorts Of fraudulent schemes to hold
everybody else down and now the bottom
is falling out of their r~ascality. And il
ought to fail out, too. | have no patience
with hat class of men. They are a nui-
to the country. But it will not affect
u here 1 believe. Secretary Fol
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