Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-07-20
DENVER'S DOSE.
A Financial Panic Upsets It's
Equilibrium.
PEOPLE CLIMB OVER one ANOTHER.


DENVER NOl., July lV.-l ne failure
of three savings banks Monday had
excited the masses and when the other
banks of the city were opened yesterday
the streets were crowded with anxious
depositors The eleven clearing house
banks located within four blocks of
each other were crowded and the
streets were blocked until the police
were called out TO clear the way for
traffic.
At 10 o'clock the Union national, with
n capital Of $1,000, 900, posted a notice
that IL would not open its doors Fol-
lowing quickly the Commercial national
bank posted a similar notice and then
the National Bank of Commerce, Of
which ex-Gov. Cooper is president, fol-
lowed.
A run was at once started on all Of
the other banks, though to no great ex-
tent on the Peoples national. The
First national appears 10 be the sound
est Of all; they have over 90 per cent of
their deposits on hand, with n private
fund of 1900, 900 in addition to draw
upon, making IL impossible TO close its
doors. The Colorado national and sew
eral others are in equally good condi-
ton.
The people Withdrawing money were
all small depositors, the large holders
being satisfied TO let their accounts re-
main.
At the State national bank, of which
j. ID. Mcneil is president, quite a run
was in progress and a large number of
men and women were In line waiting
for their turn TO come so they could get
their money.
The Mercantile bank, a private insti-
tuition with s1OO, 900 capital, closed its
doors at noon. The failure was caused
by the failure OF the Union national
bank, through which II cleared. C. C.
Grid, the city auditor, is the president
w. +. Robinson, formerly treasurer OF
the Republican Printing Co, is the as
signee.
The Mcnamara dry goods company
failed to-day. The liabilities are
placed at $500, 900 but the assets are
not known. The failure was brought
about by an attachment served by the
Union National bank.
NJ. 5. Noah, installment furniture
dealer, assigned TO Calvin c. Hill. The
failure was due to inability to collect
outstanding bills and n general de-
preston of the money market His as
sets are placed at s35, 900 and his liabil-
tiles at $4,000, about equally divided
between local and eastern creditors.
Albert Nelson, the well known res
taurant man of Curtiss street, made an
assignment for the benefit of his cred
itors to Frank Anderson. lie places
his assets at about slli, $40 and his liza
bilities at about 500, 525. The assets
consist of real estate valued at sl07, 500,
and subject TO membranes Of S5l, $50,
and about s55, 200 worth of personal
property, stock and fixtures, etc. The
liabilities consist Of claims of Denver
and eastern creditors
The John Mouat Lumber Co. was at
tached on the claim OF the German ma
tional bank for sl55, ZOO The sheriff
placed three custodians in charge Of
the company's property, and the com
pany then made an assignment To Will
liam H. Palmer. No schedule was
presented
Luther j. Wygant, tiles and CRATES,
1909 Court place, assigned to Robert j.
Pitkin. Assets, tl4,7o5.b2; liabilities,
sl4, s0043.
: The Evans Littlefeld Confectionery
Co. assigned to George Smith. No
schedule presented.
The Hub" conducted by Engle &
Harris, general merchants, at 22O1 to
1909 Larimer street assigned TO George
, Burger. The assets are placed at sis,-
, 100, as follows: Stock on hand, eli 800;
, store fixtures, $500; book accounts, 800.
I The liabilities are placed at $4,000 81.
8 There are only two Denver creditors.
A Lyman & Cohen, proprietors of the
1 bee Hive" shoe store at 1882 Larimer
street, assigned to Manx Lyman. Nc
q schedule Is given.
4, McWhiter & Dripps, mantels and
tiles, at 42i Sixteenth street, assigned
> to A. G. Masker. No schedule is given.