The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-12-19
CHATS WITH BANKERS.

0As0A OuAs lsWAcu tAc dAAuhA 0ABi4CS5 o0spaS
ments are made. The bankers in this city
look for much better condition by January
u and it is the consensus Of opinion that
money will be comparatively easy at the
end of sixty days. All are unanimous in
the belief that Helena and Montana will
enjoy the usual revival of business in the
spring and during the coming year. The
bill introduced by Colonel Sanders provid-
ing for the purchase by the secretary Of the
treasury of all silver that may be offered
below certain figure was also subject of
discussion. In view of Wednesdays break
in Spokane the following opinions on these
matters are of special interest:
Mr.. L. G. PHELPs, Cashier Of the Mon
tana National Bank-The market is con-
| siderably better than few weeks ago
though the pressure is still felt. We are
making no loans outside of our own bush
ness. The stringency will doubtless be felt
for sometime yet. but it will disappear with
the revival of business in the spring. The
silver bill introduced by Colonel Sanders Is
| intended to relieve the money market IL
New York. It provides that the secretary
of the treasury may purchase all silver
bullion offered at price not exceeding vi
for 37l.25 grains. IT this was passed
over 100000 of silver now in New York
wauld be purchased and the notes put IN
in circulation. Immediate and permanent
relief would then be experienced.
| MIR. II. L. HERsHFIEID. President OF the
Merchants National Bank-The Sanders
| bill is similar to many others introduced in
the senate and house. It would provide
temporary relief for the money market but
result in no permanent benefit to the silver
interests 1eel confident that the bill will
be lost in one Of the committees. There is
large amount of silver held back in New
York and understand the Granite Noun
tain Co. is holding good deal for rise.
OF course, il this was purchased and notes
sent out the pressure would ease up. The
situation with us is very comfortable and
customers are easily accommodated. Yes,
look for the passage Of a free coinage bill
at this session of congress. but do not
know whether the president will sign it.
You see, he is president Of 63,0O0, 600 people,
not of 100000.
Mr.. Il. ID. EDaERToN, President OF the
Second National Bank.-The stringency
las been felt far less here than in other
cities near us, particularly Spokane and
Omaha. Money will be easier after Jan. l,
but may not be flush until sixty days after.
The trouble originated in London when
foreign securities weakened. These came
back to the New York market where the
| purchase caused depletion of money.
Then the effect of the Mckinley bill came
and thus several causes contributed to the
general financial embarrassment. This
city was..well prepared for even more seri-
GUS break and the country at large, and
particularly the northwestern country, was
never i'll better condition. The great pro-
duct OF our mines last year and the general
excellence of the crops throughout the land
mean big revival in all lines of business
during the coming year.
Mr.. FRANK w. BAIRD, Cashier OF the
Helena National Bank.-The financial stu
ation which has at no time been serious
will RAPIDLY improve after Jan. l, when &C
counts are settled. We find call for invest
ments all the time from the east, where thu
stringency has been most felt. thinl
from what learn that the effect has beer
about the same in our neighboring cities
Probably the financial stringency has beef
noticed more in the older banks, but W
have taken care of our customers RICH
along though making no outside loans
Our business has grown surprisingly beyon
our expectations, though we started in a
the end of the year and at the time of tn
money strinRency. see many reasons to
big revival in all lines of business i
early spring.
Mr.. ALEXANDER G. JOHNSTON Cashier c
the American National Rank-There is n
great change in the condition of the none
, market, and do not think the pressul
> will loosen for some time to come. Time
would undoubtedly improve if the govern
ment would grant an extension OF time c
4 the goods now in bond in New York. III
crops in this state last season were vel
!. poor. There was only half crop in Il
Gallatin valley. while it was little better
: the Bitter Root. The crops in other 80
r tions amounted to very little. OF cours
J. when we import hay and oats SO mu'
t money goes out of the state. This cone
II ton should be reversed.
& Mr.. L. w. kNIeHT Cashier of the Fl.
Ia National Bank-Helena to-day is the stron
m est financial centre between Portland al
j, st. Paul and for as far south rs Omat
- This state ia producing more original veal
:. than any other covering the same territol
~ We have very favorable reports from
'p the eastern financial centres. but are ma
to inc loans with more than the average SCI
t. tiny and prudence. Since the pressure
If London and New York was largely the
suit of bear movement the banks ha
RI been endeavoring to increase their resel
fund, east west, north and south. BY vii
holding loans, especially when request
4. or required for anything of a speculate
~ nature. This withdraws from the avens
r. of trade great deal of money, but it is
the bank vaults and at their command.
soon as it is clearly indicated that the pr
sure has been relieved, it will develop
stronger financial condition. An early p
manent relief is most surely indicated.
rio ---------------.---------
bv For Hosiery. Yarns. Underwear a
90 Gloves try the KnittinG Factory. Ii SOl
'"e Main street.
Ia Magic lsnter ms at all prices at The Zee Hi,
n ..,..a u....l:
les and cen ince .ourselyts. Especially prices
&c. holiday goods. {. b. JacqUemin i TO.
Notice.
The attention of all dealers in woos
re- called to city ordinance No. 36, requir
me every dealer in wood to furnish every p
Id chaser of wood a certificate from the
icy spector showing the amount of wood del