Griggs courier., 1893-06-30
An EASIER FEELING.

New York Bankers ResaininG Confidence
In the Financial situstioDaMore Bank
Failures In the East and West.
New York, June 24.-Banks report
an easier feeling in the west, and say
that the demands for accommodation,
rediscounts and currency are much less.
The attention of bankers is mostly con-
centrated on the situation on the Pa
cific coast. At the subtreasury it was
said that $500, in currency was ex-
changed Friday for tranfer to San Fran
cisco. Besides gold thus transferred
shipments of currency were made di-
rect Friday to the city by express,
which made the aggregate amount of
money forwarded about 81, ,O0O. 900, and
more will be sent to-day in the same
way. 1t is believed that the help sent
to San Francisco from this city has re-
lieved the stringency there, so that no
further trouble is expected.
The presidents of some of the leading
banks were asked what they thought of
the financial situation. They agreed in
the statement that the situation was
decidedly improved compared to what
it was this day week.
The subtreasury began the payment
on Friday of interest on United States
coupon bonds due July /. The total
amount of interest to be paid out by the
government in this city is about $6. 0O0,-
000. The disbursement of this sum is
expected to aid very largely in the re-
lief of the money market.
SAN FRANCISCO, June 24.-At a meet
ing of directors of the Pacific bank, of
San Francisco it was decided to close
the doors. In q statement issued by
the vice president the liabilities, out
side of capital stock and surplus, are
placed at 81, $3.50, 200. Assets, properly
handled, $4,000, 900. All the banks
of this city were well pre-
pared for the expected runs on them.
The Peoples home savings bank
closed its doors, but only temporarily.
the officials say, in order to secure time
to collect on securities. 1t is claimed
that the assets are very much greater
NIAGARA FALLS, NY, June 24.-The
Cataract bank of this city, the largest
bank in Niagara county, closed it's doors
at noon. There is great excitement
among business men in consequence, as
over s7OO, 1000 of their money was on de-
posit. The suspension was totally un-
expected and was not preceded by a run
on the bank.
MILWAUKEE, June 24.-W. H. HON.
sen, assignee of Frederick T. Day. pres
ident of the Plankinton bank, has
filed in the clerk of courts office a
statement of Mr.. Days assets and
liabilities. The former are placed at
100000 and the latter at $780,
900. There are in all 116 creditors.
The statement which should have borne
the signature of MIR. Day was, with the
consent Of Judge Johnson, filed with
out it, for the reason that Mr.. Day has
and his whereabouts are
known to nobody, not even to his
family. Mr.. Day left the city ten days
ago-about the time that the grand
jury began the investigation of the
Plankinton bank and Lappen's failures.
MINNEAPoLIs, Minn., June 24.-The
State Bank of Minneapolis suspended
payment Friday owing to heavy with
drawals of deposits, Withdrawals since
March having aggregated 100000.
The banks attorney states that the sus-
pension will be only a matter of few
days, when the bank will resume
business. The suspension indicates no
serious condition of af-
fairs, and the doors are closed merely
for the purpose of allowing the officers
and employees chance to make COM
plete statement of the, banks business.
Prominent directors stated that there
would be absolutely no loss to de-
nOSit0rS