The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-12-02
SCARCITY OF THE DOLLAR
prMoRs ABOUT a PHILADELPHIA
BANK STAR a RUN.

~,a city a Depositor to the Extent Of
enoO OOo-Every Demand Met So
nav and the Oficers Claim s olvency.
Another Bank Embarrassed By the
.Tamison Failure.
PHILADELPHIA, PA, Dec. 1.-For some
avs mast rum0rs affecti g the credit of
Ito al bank have been freely circulated
:, thu street. and Saturday afternoon the
.a,ars printed rumors without giving the
me Of tho bank. To-day these rumors
,-,,stallized and the Keystone Natio al
rank was openly stated as being the bank
in trouble. Accordingly, when the bank
ona,ed its doors to-day II long..in of deposit
tors hogan to gather, AMI soon heavy run
was being made on tie bank.
a. the day advanced the
crowd grew greater, and by afternoon
from three to four hundred people were
.trung out around the paying teller's win
dow. awaiting their turn to receive their
money. s. far every check that has been
presented has been paid. Preside t Marsh
and Cachier Hayes say that bank is
rarfec " able o m aet every demand made
r1,non il. a d that its assets are largely IN
exc IS If its liabilities.
THE LARGEST DEPosIToR.
The largest deposit r of the bank is the
.;tv of Philadelphia, which has a balance
tbsre of nearly $4,000. This money,
With. if wi hdra Nn, might cause the bank
soma rmb rrassment. Will be allowed to re-
main on deposit City Treasurer Bardsley
soid his Afternoon that he would not with
draw The mo ley, as, the officers of the bt nix
having as ured him of its solvency,
he considered it his duty 10
snnnort the bank as far as
nos,ible. When 8 O'Clock me aud the
4 ors we're closed, 200 dsposto's we're inside
the building, an quite crowd was on side.
Cashier Hayes said that the amount paid
OFT du ing the dry aggregated about $780,
O)0 The ba ks deposits avera e, 1t is said,
81 20l0 600. Bank Examiner Drew saws he
bank is perfectly sound. gsntlem IN
familiar with the nk'S affairs stated that
Il has about ! l ,000, 900 in d .scounts.
SHAKEN UP BY JAMESON.
INDIANA, PA, Dec. 1.-The suspension OF
B. K. Jamlson q Co. on Friday caused a
f1aa ciaI flu ry here. especially among tho
deoositors of the Indiana Deposit Bank,
art and a Philadelphia firm be-
ing SHAREHOLDERS ana correspond
ents of the Deposit bank. The
Deposit bank issued 100000 worth of stock,
of which Judge Harry White wns $4,000.
The Janis ms held 800 shares of Pelnsy-
vani railroad st TEX and $4,000 cash be-
logging to the Deposit ba TX on Friday.
Judge White spent Saturday IN Phialel-
phia, but was unable to recover any trace
Of the shares or Gu rency, aud returned
hove Sunday.
The morn e the depos' to s were at the
bank but no ice i.ifOr ned them that the
iHstit ton W uld not open fora few days.
Judge White ma 9 a statemen; from the
bank steps, sl,ilg that the ba Tx was
soven5, would pay dollar for >llar, and he
himself ,ud pay the entire ind shted less
without stu 'bing his real e tate and that
all be wanted was time ough to turn
banks securi les into money. the deposit is
aggregate III, 900. Tn heaviest do POSI-
tors are the county officers.
WHOLESALERS GO UNDER.
Boston, MASS, d c. 1.-Messrs. Winslow
& Watson. VIII lasale deilers in teas, ,tfee
and spices at NJ. 1877 State street, b I'VE
assigned Otis Weld of j. D. & NJ. Will
lams. Mr.. Wi slow SAYS he has no idea of
the amount Of the Liabilities and as .ets. He
says the imme late cause of the failure is
the strlagency II tbs money market.
STOCKHOLDERS ASSIGN.
New YORK, Dec L. rtl u & Ketcham.
stock broker. to-day assigned TO Charles A.
Demerritt. TIL fir say tn Dir assignment
is an echo of tleir troubles last year. They
suspended the and resumed. but the recent
unsettled condition of business has crippled
them so the could no. 1--we u 20 C4e re -
ment under which they resumed business
after the last failure.
AT II y ATER,