Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-08-08
TlMID ONES SATISFIED
Business Continues Today in Its Normal
Condition.
The Few DeDositors Of the WAXING
Foelish Yesterday are Sorry Now.

SUED yesterday by Mr.. warner, the prest-
dent Of the Washington Loan and Trust
Company. toward those depositors who
had become frightened in regard to the
safety of their money had a good effect
yesterday and today it was evident that
the scare had completely collapsed. The
doors Of the company were opened this
morning at the usual hour, but there was
only the ordinary run Of customers. The
demands made upon the paying teller were
about the usual. People attracted by the
reports which were around yesterday in
regard to this institution as they passed
along the street looked curiously into the
doors and then went on. 1t was evident to
every one that the panic was over and
that the senseless raid. or rather the be-
ginnings Of one. had been effectually
stopped. This fact gave rise to a general
feeling Of relief in business circles. for 1t
was well understood how unreasonable
| such an attack upon the solvency Of one
Of the leading financial institutions was
1t was felt that If q raid Of this character
was allowed to 60 unchecked no institu-
ton in the city would be safe. Leading
financiers Of the city were of the opinion
that the affair Of yesterday was not merely
that Of the institution towards which the
public attention was then directed, but
that 1t was the creation Of q feeling Of
panic that was likely. unless checked. to
increase In volume and velocity until every
thing that was stable In the financial world
would be swept away.
A Few Left Overs.
A few frightened ones who were left over
from yesterday came to the Loan and Trust
Company's place Of business this morning
and attempted to draw out their entire de-
posit. The same policy was pursued a. yes
terday. after Mr.. Warner announced in his
speech that he would not pay money to
people who wanted 1t merely because they
were frightened. The only difference was
such people that sixty days notice would DO
required Of those wishing to draw their
money from the company. The usual bust
were cashed for those who came there in
the course Of business, and were not there
merely from a wild idea that for some rea-
Germ was going to fail Those who came
and were notified Of the sixty day rule
gathered up their checks and quietly went
relieved that they did not get the money
Mr.. B. H. Warner, after the more or less
nervous strain Of yesterday. was in his
place this morning, smiling and pleasant,
and ready for the days work. He is much
ceived from bankers and others relative to
his action Of yesterday and feels that he
has the sensible business people OF the
city behind him.
y" NAT warner Sayos
To q Star reporter Mr.. b. H. Warner
said this morning: THE run IL stopped
and the panic is stayed. We have demand
ed sixty days notice from all depositors
We are In a good condition and able to
cope intellgently with the situation AL
the banks. with the exception Of two
and the trust companies in this city,
ton last evening. Their interests are iden-
teal. so far as sustaining each other is
concerned. This company 10 In first class
plenty Of friends who are confident that We
will carefully protect their interests. Al
though we shall REQUIRE sixty days notice,
possibly be avoided"
He il Not Afraid.
Mr.. Warner today received the following
note from his little nephew. Henry Warner
Maynard. who Is spending the summer at
his country home near ROCKVILLE, Nd:
Il hear that some people are afraid that
they will not get their money from the
Washington Loan and Trust Company, but
a soon as possible"
Bankers Meet.
A meeting Of the representatives of the
banks and the financial institutions Of the
city was held last evening at the Metro
politan Bank. Mr.. John w. Thompson pre-
sided, The financial situation was dis
cussed. The gratifying conclusion was
the city were in such excellent shape that
they could look after their own interests
without any aid. 1t was stated that the re-
serve of the banks here amounted to no
less than 50 or 40 per cent while the re
intimate relation between the financial in
situations of the city. with the view OF ef-
ton and assistance il the occasion should
arise. After a discussion q COMMITTEES con-
T. G. Pearsall Of the Citizens National
Bsn fss B5sd ass q h Rum II s
Central National Bank was appointed to
report on the plans of organization for such
| association.
Calm and Peaceful.
There was no change in the situation
| during the entire day. and when the hour
for closing came the banking house was as
| quiet and peaceful as IL in the enjoyment
| Of a Sunday calm. The same condition
| Of affairs prevailed in the other banking
mS St i improved feeling exists in banking
| circles than was the case yesterday. 1t is
| the belief of experienced men that 1t will
| financial distrust in this city to the extent
| to cause people to forget their interests
and %s the interests Others hst .,ow, T.,
number Of cases yesterday to the Washing
| ton Loan and Trust Company by individ-
| uals and firms making deposits there in
| order to give substantial proof Of their be-
| lief In the security of this institution. as
| we'll as the financial institutions of this
| city, was continued today and in rome In
stances persons who bank elsewhere made
| deposits of money. As shown by the state
| ment made by Mr.. Warner the company
has cash on hand amounting to more than
| one-third Of their deposits. showing that
| Is equal to some Of the best institutions in
/ the city. In addition the money that Is
| loaned Is on security that is worth many
| times more than the amount OF the loan.
| All the Banks in Good Condition.
| Controller Eckles told Star reporter
this afternoon that the latest reports re-
/ ceived by him showed that all the national
banks In the District of Columbia were in
| excellent financial condition and able to
meet all demands While he had no OFF,
cial information regarding private banks
he understood that they were In equally
| good condition.
National Guard Officers Appointed.
| The President has affixed his signature
| to the following commissions Of Of
fcers appointed In the District Ma
| tional Guard: John s. Tomlinson captain
company B, sixth battalion, infantry
Clarence B. Story. captain, second separate
| company; Fabian Columbus, captain, COM
pany r. third battalion of infantry. Ed