The morning call., 1893-07-21
DenVerites Recover Their
Senses.
ECKELS TO THE RESCUE.
He Assures the Suspended Banks
That He Will Aid Them to Re.
sume-Mills Closing Down.
Special to TUE MORNING CALL.

DENVER, July 20-There will be no
more bank failures here. The panic wore
itself out yesterday. There were scarcely
dozen depositors at the paying-lellers'
windows of the remaining banks at the
opening this morning, while at the re-
ceivin g-tellers' windows several strings Of
depositOrs reaching nearly to the street
are lined up, and money is going back into
the bank vaults almost as fast as it went
out the past three davs. There may be a
few commercial failures the next few
days as a result of the bank failures. but 1t
is believed there will be no bad ones.
The National Bank Examiner received
today dispatch from Comptroller of the
Currency Eckels, in which that official
says:
II wish you would announce to the Off
GERS of the banks which have failed In
Denver. that it is my intention to lend
them every aid possible looking toward
speedy resumption on their part, and that
shall grant them sufficient time to enable
them to collect such amounts as are speed
lily collectible, and get together such
amounts as will enable them TO open on
small basis"
The Comptroller advises the citizens
who have foolishly brought about the crisis
by withdrawing funds, to do the best they
can toward repairing the damage done by
re-depositing. He authorizes the Exam
liner to employ assistance in collecting
money to that end in view. and orders
Examiner McHugh of Iowa to assist him.
Speaking of the matter, he said the fall
ures were not the fault of the bank officials
but a foolish lack Of confidence on the
part of depositors. In all such cases be
would help the failed banks to resume.
Flanders dry goods house. occupying
a building five stories high, was attached
this morning. The assets are estimated to
be $500, 900 and the liabilities S125.000.
1t is stated the Mcnamara dry goods
house. which failed Monday, has settled
with its principal creditors and will resume
next Monday.
At Canyon City the First National
Bank did not open this morning and a
notice was posted on the windows that.
owing TO the temporary embarrassment Of
the Colorado correspondents of the bank.
the strain on its resources and its ina
bility to furnish ready currency, the bank
The assets are ample to more than meet
the liza bilities.
At Grand junction the First National
Bank closed its doors this morning, not
being able to realize on securities. The
following notice was displayed: "Pay-
ment suspended. People owe US $4,000;
our cash, bonds, securities and real estate
is S33, COO; total assets, S10S.0O0. We owe
people $4,000 Net assets, S5S.0O0. No
depositor will lose cent. We will re-
open as soon as We can realize on our
securities"
Several attachments were issued this
evening against Denver business houses.
the principal being the Roberts Hardware
Company and Livermors & Mayne. lum-
ber-dealers. The sums in any instance do
not exceed $4,000.
The closing down of the silver mines.
smelters. reduction works. coal mines, rail-
ways and factories has put the laboring
classes in deplcrable condition. 1t is es-
timsted that 10000 men are idle in Denver
and 10000 in outside towns. half of whom
are making their way here 10 become pub.
lie charges. To avoid this the commercial
bodies will ask the railroads to make IS
rate to the Missouri River for this class,
In the expectation that they will be able to
get work on the farms. 1t is estimated
that Colorado. Utah. Montana and New
Mexico merchants have ecountermanded or
ders for goods in New York for over S12.-
600, 900.
The clearinghouse Of j. B. Wheeler &
Co. at Colorado City and Manitou. whose
branch at Aspen closed yesterday, failed
to open It's doors this morning. The as
se:s and liabilities Of the Colorado City
institution are not known. The assets Of
the Manitou bank are $114,O00 and the
abilities S21 c00