The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-07-27
THE PANIC SUBSIDING,
MONEY GETTING EASIER EVERY
WHERE AND CONFIDENCE
RETURNING.
Money Going Back Into the Denver Banks
Suspended Banks Will Resume Bus
mess shortly-Commercia Bank
Of Milwaukee Assigns.

Denver banks and commercial houses
Is being restored in the East and at
home with nearly the same rapidity
that our people attempted its destruc-
ton the first three days of this week.
There has been no suspension of mag
nitude for two days and no more are
expected. Banking houses have de-
termined that they will push no credi-
tors nor serve an attachment upon
those who show an honest
disposition towards settling. Times
will nrobably be here
until congress meets and that it is ex-
pected that if silver then receives fair
treatment it will not take long to
place Denver and Colorado far in ad-
vance Of where they were when this
transfer came.
President D. H. Moffatt of the First
National bank has received a telegram
from one of the leading banks of
New York Offering assistance if needed.
Mr.. Moffat replied with thanks that he
had all the money he needed. Other
houses have had offers. 1t is
understood that the German and
State National have received large
sums of money and will be ready to
open their doors again within a very
short time.
CALIFORNIA BANKS REOPEN.
SAN BERARDINo, Cal, July 21.-Jas.
H. Eckels, comptroller of the currency,
has authorized the First National bank
to reopen, which it did this morning.
The bank has a large amount OF capital
on hand, more than enough TO pay
every possible demand. 1t is said the
Farmers Exchange bank will also
reopen in a short time.
BETTER FEELING PREVAILS.
NEW YORK, July 21.-The bank
presidents reported today that the
situation was fairly easy with some
shipments of currency to st. Louis,
Denver and Kansas City. Money is
is easy and there is a more confident
feeling everywhere.
MILWAUKEE BANK ASSIGNS.
MILWAUKEE. July 2l.-The Com
mercial bank failed. 1t assigned to A.
B. Fiefuss, cashier, who filed a bond
of 1856. O0O The troubles of the bank
are said to result from its acceptance
of large amount of paper of Corrigan,
Ives & Co. The officers of the bank
are, E. r. Paine, president; ]. Q. Flint,
vice president, and A. b. Guilfuss,
cashier. Capital stock $3.50, 600: The
July statement gave total liabli-
ties $1,656, $50 S5, of which
1857, 743.22 is due depositors
on demand, $52S, 915.22 due depositors
on time. TIE direct cause of the sus
pension of the bank at this time is at
tributed to the failure of the Douglass
, Furnace company of Sharpesville, Pa,
of whose certificates of stored pig iron
the Commercial bank had about $780,
900. 1t is claimed that somebody 1g-
noring those certificates had the sheriff
attach the iron. For some time also
depositors in the bank have been
quietly withdrawing money from 1T.
A TACOMA BANK.
TACOMA, July 21.-The Traders
bank suspended today.
sCHLEsINdER MINING PROPERTY.
MILWAUKEE, Wis, July 2l.-The
first step toward re-organizing the
Schlesinger mining property was taken
TODAY. A meeting of the Chaplin mine
owners was held and five new directors
were chosen. John H. Tweedin, Jr.,
was elected treasurer. No other
changes were made in the directory.
GREEDY BANK GOES.
GREEDY, Colo, July 2l.-The Union
bank assigned today to James f.
Benedict of Denver. Depositors are
safe.
A SMALL BANK.
CRESTED BUTTE, Colo, July 21.-
The Bank of Crested Butte closed TO-
day. Liabilities $4,000, assets $780, ooo.