The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-07-28
made a biz oain IN exchange. and in .verv

made q big gain In exchange. and in every
respect the day WAS n satisfactory one. As
the Americans pat onage Ia confined OK
olusively within stats limos, and there 10
ample cash on hand to inset every demand.
the officers are NOT troubled over the situn.
tton.
The Helena National did a little more
than its average business, both In deposits
and Withdrawals. but there was nothing
like 4 rush. Before the bank opened Prsai.
dent Ashby RESIGNED, and made q : etsonal
bearing on tho banL's lusiness.
Cashier Baird kept this bank opsn a little
longer thar the usual closing time, and
every demand was paid. Ths'e wore quito
. number Of nov accounts orened. and At
tho close Of the day there was a balance In
favor Of deposits a. against withdrawals.
The officers expressed the opinion that ths
worst was over, and with this restoration OF
conGd nee, aud the opening Of new ao-
counts. they felt thoy In common With all
the banks. wee entering in calmer waters.
The Second National did not do is aver
butsemsnts. but IL made a good increase in
deposits. II was also a gamer In the way
OF exchange. and at the close of business
there WA ; fine showing IN the way Of de-
posits during the day 40 against with
drawals. President Edaerton, talking Of
the situation la lsse IN tho "%ftsrnooa. said
W AbSA u VASuku -
that had Possessed many people
had subsidized. As to the Second
National the day had been tho most salts
factory in the way Of new business, in
creased deposits and lessened Withdrawals
IL had had for two weeks. In addition to
gaining in deposits and in exchange. he had
received advicss Of the successful Issue Of .
hnancis! transaction. the results of which
would be Immediately available. and he
felt now that the Second National was In
a secure harbor.
There were no runs at either OF The
savings banks. but both wsrc large gamers
In the way Of deposits. At the Montana
much to Withdraw their money ~ to talk
over the situation. Az . matter Of protsc-
tion both to the bank q to dsposltors
the trustees q few days ago decided
to require tho time notice for the
withdrawal Of deposits stipulated
abundance Of cash In its vaults to meet oil
demands and obligations a. they become
duo. The business Of the Montana Savings
bank IL entirely different from shat Of
other banks in the state, and IL cannot be
affected by other suspsnsions. II 10 rursly
cipally Of loans on htst mortgage on i'm
proved real estate, worth three to four
times the amount loaned. The bank has
on hand in this class of loans double the
amount of it, deposits.
In addition to the securities held BY the
bank for money loaned and the cash on
hand tho stockholders are under the law
liable to dopositors for more than the total
amount OF all deposits.
There was q run of dcpositors and not Of
withdrawals at the 9 use Savings bank.
Thu bank opened early in the morning. and
the reiterated report that IL had a latRs
amouns of cash ON hand acted az n load
stone and drew additional sums ell day.
Cashier Sweeney was kept busy all day. and
tho result OF the days business was a large
increase In deposits.
Reports were current last night that all
the county money was in the First and
Montana National banks. Treasurer Bar
den last night said there WINS on deposit in
the First $4,000. and in the Montana
$11,0 900. The balance Of the county money
ia On deposit in the other city banks, and
there Ia an ample amount to pay all the
county bills for several months. Before
the sum now on hand can be used up tho
money tied up in the First and Montana
will undoubtedly b available.