Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1893-07-28
THE SITUATION IN DENVER
Three 1ore Supposedly Solid Banks Go
10 the Wall.
1 CROWD OF ANXIOUS DEPOSITORS
Who Break Out In Tears and Walllngs
When the German National Closes.
Teller Expresses His Views.

DENVER, July 19.-The panic in this
city was resumed this morning with re-
newed vigor. As a result the old Ger
man National Bank, with a reputation
for stability Of twenty years standing,
and the equally reputable State National
and the extremely strong Peoples Ma
tional failed this morning. All night de-
positors stood in line in front of the Ger
man National and by O'Clock there was
one long sea Of faces stretching down the
street. At the opposite corner, where
the State National has 80 long done bus
mess, was also crowd Of anxious de-
positors. Here the people we're relieved
OF their doubts when at O'Clock no.
tice was posted on the door that the
bank would not open, owing to lack of
ready cash. At the German National
just before opening time a notice was
posted on the window stating that it had
closed temporarily. This notice caused q
distressing scene. Men and women
down the line broke out in tears and
wailing. The run On all the remaining
banks in the city was renewed. Reliable
people, however, say there will be no
more suspensions.
Bank Examiner Adams this morning
took charge Of the Union National, Com
mercial National, National Bank of Com
merce, State National and the German
National. A number OF minor CONNER
cial concerns went under today. The
run on the Denver National is over, with
plenty Of money still in sight. The same
is true at the City Bank and all other I'M
failed banks. Business men are begin
ming to breathe more freely.
Teller on the Situation.
DENVER, July Ex-senator Teller, in
an interview upon the financial situation
in this city, says: "There is no one rea-
son to which the trouble can be charged.
1t is partly to the silver agitation but
more to the general depression affecting
the entire country. The bank failures
yesterday were unwarranted anG are di-
rectly chargeable to the people who be-
came frightened and panic stricken at a
shadow. There is nothing less fair than
to blame all our ills to silver. You had
much better blame some to the silver
speeches" Teller expressed the belief
that the Sherman law will be repealed
but not without substitute of greater
benefit to silver.
Oakes Denies tho Report.
New YORK, July ia story is cur
rent this afternoon that there is danger
OF the Northern Pacific passing into the
hands OF receiver. President Cakes
emphatically denied the report.
Both Are small Concerns.
Topeka, Kan, July 19.-The state
bank commissioner is informed of the
failure of the State Bank of Parker and
Woodson's state bank of Yates Centre.
Both are small concerns.
Two Banks In Oklahoma.
OKLAHOMA Cry, o. T., July 19.-The
Bank of Oklahoma and the Oklahoma
National bank have failed. The First
National stood heavy run. No state
ments are given out.
A Newspaper Assigns.
MOBILE, Ala, July 19.-The Daily
Register, one Of the oldest newspapers in
the South, has made an assignment.
Publication will be continued under au-
thority of the court.
A California bank Re-opens.
POMONA, CAL, July 19.-The PEOPLES
Bank re- opened this morning with plenty
of coin. Only four dollars were drawn
out the first hour. The deposits are lib
eral.
A Montana Bank Closes.
WASHINGTON, July 19.-The CONF
troller of the currency is informed of the
failure OF the Bozeman National Bank, at
Bozeman, Mont.
Carpet House Fails.
BROOKLYN, July l9.-The large carpet
house OF Bardenburg & Co. has assigned.