The herald., 1893-06-23


Yesterday afternoon 1. w. Hellman
laughed at the rather startling rumor
which was sprung about his going back
TO San FRANCISCO the night before and
taking large quantity of his coin back
with him, in consequence vi run on
his Nevads bank.
"You see Pm still here" said he.
SIT is surp rising now these rumors
start, but ss you can see for yourself.
| Pm here. Th ere will be no rIns on any
bank in San Francisco. that know of,
which they are not prepared to meet.
Neither will there be any more in this
city; the excitement is over. the craze
is gone and now the people are
gathering thems elves together and
endeavoring to realize just what their
maddened rush ip going to produce.
Matters here wi y go along amoothly,
think. OF course the harm already
done will have to be overcome, but If
the people will have patience with the
banks and thus enable . them to get on
their feet and open u o., everything will
soon be working along smoothly in its
accustomed manner.
"lhis bank opened at 8 o'clock this
morning and remained open until nearly
p. m.
"Yes, we have had q run today, but it
was q run In different direction from
those which have occurred in the past
two days.
at wae rnn of deposit0rs. We re.
ceived over $50, 900 in deposits. Many
new accounts were opened, and we had
no Withdrawals of accounts. Probably
we paid out between $4,000 and $4,000,
but there were no cunts closed
- ,,oo,4ut tu a MN ont am sat-
is6ed that the trouble is over. and that
a feeling OF security and trust in the
banks again prevails in the city.
To-day we received from San Fran
cisco an equal amount Of gold coin to
that shipped ue yesterday, and we can
meet any demand. We have also been
taking care OF all the country banks who
are our regular correspondents, and we
won't let any OF them go down. OF
course we take sufficient security for the
help given.
"You can state, although there have
been reports to the contrary, that there
is not the remotest chance OF any fnaD-
cial trouble for months in San Fran
cisco. All the banks are carrying large
amounts OF coin aud are prepared for
any emergency. | don't mean to say
that there ia not weak bank in San
Francisco, but do say that If such a
one has the proper security, the associ-
ated banks will come to its aid and help
it through any troubles it might expe-
rience.
portland and the cities of the sound,
Tacoma and Seattle, are as thoroughly
prepared as the San Francisco banks for
an emergency and they long ago pro-
tected themselves, the frat drain on the
ca. frnn
them. As far as matters in Los Angeles
are concerned, consider that they are
now entirely settled down and the wild
craze Of the past two days is over for
good"
BROADWAY.
President Gillelen, of the Broadway
bank, stated that majority of the de-
positors had agreed to accept certifi-
cate for 80 days for their deposits with
out interest. We have had very SUBJ
stantial assistance offered US, and
although would not like to state def
nitely that we will open on Monday,
| feel confident that we shall do SO early
next week. We can very easily pay So
to 81 deposited.
THE UNIVERSITY.
Judge Widney, president of the Uni
versity bank, will reach this city on
Saturday, and the course taken by him
cannot be definitely determined upon.
The bank will undoubtedly soon open
its doors again, and it was stated yester-
day by one of the officials that had the
Judge been at home the doors would
have been open before now.
l. A rumor was spread yesterday that
D.. o. Miltimore, vice-preBident of the
University Bank, had transferred ali of
his real and personal property to his
wife, This rumor evidently emenated
from the fact that Mr.. Miltimore, who is
in ill-health, always leaves such an
instrument with his wife when he is
absent from the city, in order that it
could be recorded to save trouble in case
of his death.
The following telegrams received from
him fully explain the situation:
Ashland, Wis, June %, 1893.
To George l.. Arnold. Los Angeles
"Simply mistake, was to be recorded
only in case of death. Will take first
train" d. o. MILTMoRE.
Ashland, Wisc., June %, 1898.
To George L. Arnold Los Angeles
81 authorize you to pledge every dollar
of property, personal or real, owned by
| luyb6il UT huy IueuuUer Ol Iuy lhLully 10
the creditors OF our bank"
d. 0. MlLTMoRE.
THE EAST SIDE.
Inquiry at the East side Bank pro.
duced the fact that the doors of the
institution would be opened If possible
on Monday.
Its president said ''Our bank at pre-
sent is in excellent shape and we have
had many offers OF assistance extended
to us. Some of our securities we have
disposed of at handsome figures and that
together with the amount OF money still
in the bank and ore coming in will
soon place us on our feet again."
THE CITIZENS BANK.
At the Citizens bank quiet reigned
and everything went the even tenor of
it's way. President Brotherton stated
that there was plenty of coin on hand,
but as the depositors were thoroughly
aware of that fact, their absence proved
the security they felt in the institution.
sTRAws.
The board of trade held meeting
yesterday afternoon, the full particulars
OF which are given ia another column,
at which it pledged itself to protect and
support the banks of the city to the best
of its ability.
Through all the city yesterday the