Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-07-19
ExCITEMENT AT DENVER.
The Doors Of Two More Banks Closed This
Morning.


Morning.
DENVER, COL, July 19.-The financial ex-
element continues. The State National Bank
will not open its doors today. A notice 10
posted on the door to the effect that owing to
the inability to procure funds to meet demands
upon the bank it will temporarily close.
The bank officials say that depositors will not
lose a cent and that the bank will resume bust
ness in few days.
There was another long line Of deposltors in
front Of the German National Bank awaiting
the opening Of the DOORS
The bank threw up the sponge at 10 o'clock,
the usual opening hour. A card was placed on
the door, which read:
"Closed by Order Of the Directors"
There was great crowd Of disappointed peo-
order.
The First National Bank opened on time and
Is now busy paying of all demands being made
upon it.
There is . small line Of depositors at the Col
orado National asking for and receiving their
money.
The panic was on in this city today with re-
newed vigor, and as result the old German
National, with reputation for stability Of
twenty years standing, and the equally reputa-
BILE State National failed to open their doors for
business.
scenes on the streets.
All night long the depositors stood in line in
front Of the German and by o'clock there was
one long sea of faces stretching down the
street. At the opposite corner, where the
State has SO long done business. there WAS also
quite crowd OF anxious depositors waiting
the opening of the doors.
Here the people were relieved Of their agony
at few minutes after o'clocks when a notice
was posted on the door to the effect that the
bank would not open owing to the lack OF
ready cash and the crowd moved away. At the
German there was evidently determination to
60 ahead with business up to almost the last
moment, when slip of paper was pasted on
the window. stating that the doors would re-
main closed temporarily.
Then the scene became distressing.
Men and women down the long line broke out
in tears and wailing
BY this time there was run on every bank
in the city and soon came the announcement
that the Peoples National Bank had closed
its doors.
The notice on its doors read "This bank is
closed by the order Of the board Of directors.
Net assets, 81. 100. 900; liabilities, $780, O0."
President Mcneil of the state bank, says that
his bank has paid out in cash trife more than
$500. 900 within the last thirty days. He evil
IDENTIFY tried to call in his loans in order to keep
the doors open, but it proved to be an impossi-
.bllity.
In concluding long talk he said: please
say for me that our assets are fully twice as
large as our liabilities.'
Charles N. Clinton, cashier of the German
National Bank, stated that the exceedingly hard
times and inability to place securities, together
with the failure to call in loans had forced them
to close their doors.
During the last sixty days." he said, "there
has been constant drain on the bank, and
over $1,000. 900 has been paid to depositors
Some days tho demand being all the way from
$25, 900 to $75, 900.
1.-The bank expected $500. 900 from the east
this morning, but it failed to arrive, and as
they had paid out nearly all their money during
Yesterdays run. they were soon compelled to
close"
The president Of the bank is John ]. Reith-
man, and its capital and surplus is $500, 900.
Its officers expect it to resume in time, as its
assets are greatly in excess Of its liabilities.