The record-union., 1893-06-23
Special to the REcoRD-UN1oN.

Los ANGELES, June 2.-Ihe excite
ment attending the closing of the banks
yesterday has subsidized and there is evil
dence tnat confidence is restored. There
is but slight run on the Los Angeles
National Bank to-day, but the line of de-
positors is greater than that of with
drawers. 1t was quiet at all the other
banks.
A good many people who put their
withdrawn funds in the cold storage of
safety vaults have taken it out and re-
deposited it. All banks have received
large sums of money and even the six
closed banks received some.
President Elliott of the First National
Bank made statement to-day in which
he said that the bank would again re-
sumo business as soon as a Bank Exam
iner arrived and gave sanction.
1t is expected that all the banks will re-
sumo business eventually, except the
City Bank, which is now in the hands of
receiver.
Yesterday was a day of craze, and to-
day the people have returned to sober
senses. At the opening of the Los An
geles National Bank Major Bonebrake
came out and was greeted with a hearty
cheer.
He wore broad and confident smile,
which was in marked and refreshing con-
trast with his anxious look of yesterday
morning, when the full tide of the run
was on. He spoke briefly to the crowd,
saying in effect:
Gentlemen and Ladies': The Los An
geles National Bank is still on top and is
going to stay on top. 1t will be closed
only on Sundays and holidays"
After his speech the Major was kept
busy shaking hands with his many
friends, who warmly congratulated him
upon his wonderfully plucky fight and
cool, even temper in passing through the
trying ordeal.
Deposltors were admitted under the
same rules as prevailed yesterday; but it
was noticed that others came i'll alongside
OF them with goodly amounts of money
to deposit Major Bonebrake said:
To-day will end the run and we will
pull through all right. Ample supplies
of coin have been arriving from the
north and we will get $780, 900 to-day that
am sure we will not need, but the run
on us was very heavy and all told will
amount to over S400, 900. l think that the
entire run in the city has withdrawn
about 81, $50, 900 from the banks and most
of it has been placed in safe deposit
boxes"
ANOTHER SUSPENSION AT SAN DIEGO.
SAN DIEGO, June 22.-Another big
crowd was before the doors of the Bank
Of Commerce this morning, but at 10
O'Clock, instead of reopening, a notice
was hung out saying that after paying
out $4,000 cash yesterday the Directors
regret that expected assistance cannot be
had, and that the money on the way is
not available to-day, and therefore they
are forced to temporarily suspend.
The assets exceed the liabilities by S5O.-
600, exclusive of real estate, and all de-
positors will be paid in full
The stockholders hope to reopen in five
or less days, or as soon as additional
funds and the State Bank Examiner can
arrive and report.
The San Diego Savings Bank is still
open, but claims the right to defer pay
ments ten, thirty and sixty days under
the law. They will resume their regular
business after the furry is over.
The Comptroller of Currency to-day
appointed j. n. Pauly, who is now here
concluding the business of the old Cali
fornla Nationals affairs, to be National
Bank Examiner of this city. Pauly there
fore took charge of the First National and
the Consolidated National, and as soon as
an examination can be completed the
banks will reopen.
News from Escondido states that its
bank is closed.
Below here, at National City. a run is
in progress on the Peoples Bank.
A sENsELEss SCARE.
SANTA ANA, June 22.-The First Ma
tional Bank and Commercial Bank of
Santa Ana did not open their doors this
morning, owing to heavy Withdrawals of
deposits and inability to collect fast
enough. Both are solvent, have ample
assets and can in time pay in full. 1t is
understood that both the Orange and
Tustin Banks have closed for the like
reason. 1t is a senseless scare and will
pass over IL a few days.
The savings bank of this CITY is omen
and paying small depositors, and while
the Withdrawals are large, nothing like n
run is reported.
On the doors of each of the closed banks
is a notice which gives to the reader the
information that the banks have tenn
porarily closed, owing to the heavy with
drawals of depositors and their inability
to meet the demands. Assurance is
given depositors that payment in full
viii be made. The depositors are all
satisfied and no uneasiness is felt.
Crops are abundant, prices are fair and
everything in the county is prosperous.
RIVERSIDE BANK FAILURE.
RIVERSIDE, June 22.-Another public
meeting of creditors and depositors of the
Riverside Banking Company was held
to-day The report of the committee ap-
pointed TO investigate the banks affairs
shows the real assets to be S5S3, $50 20 and
the total Liabilities $40, ,+S4 70. 4 commit
tee of three was appointed to take the
necessary steps for the banks resump-
ton. and for the payment of creditors and
depositors. All excitement caused by the
failure has subsidized and confidence is re-
stored.
BANK FAILURE AT POMONA.
POMONA, June 22.-The Peoples Bank
did not open this morning. This notice
was posted on the door: lowing to the
existing financial stringency, the Board
of Directors of this bank have decided to
temporarily close its doors. Depositors
will be paid IN full"
A statement for the press was promised
later to-day. There is very little excite
nent. as the belief is general that the
hank IS perfectly solvent.