The record-union., 1893-06-22

spector of Internal Revenue at
Fresno.
Special to the RECoRD-UNIoN.
Los ANGELES, June 2l.-Four more
banks closed their doors to-day. They
were the First National, the Southern
California, the Broadway Bank, and the
East Side Bank.
Long before the hour for opening the
banks large crowd assembled at the
corner of First and Spring streets, and a
long line of depositors formed in front
of the Los Angeles National and South
ern California National. The line COM
prised mostly laboring men and subur-
ban residents.
At 10 o'clock sharp notice was placed
upon the doors Of the Southern California
to the effect that the bank would not open
to- day.
All eyes were then turned to the Los
Angeles National, which is situated on
the opposite corner. People drew out
their watches and took in the situation.
Major Bonebrake then addressed the
crowd and the depositors commenced to
file up to the paying
Another large crowd was formed in
front of the First National and the Farm
ers' and Merchants Bank.
While there had been all sorts Of ru-
mors on the streets about the former, but
few of the people in the crowd-a large
majority of whom were curiosity seekers
doubted for a moment that the doors
would be open at the usual hours.
The excitement was intense, however.
when notice was placed upon the doors
of the First National Bank to the effect
that, owing to the heavy run upon the
bank, amounting to over $500, 600, the
bank was closed by order of the Board Of
Directors.
In less than quarter of an hour the
streets were crowded with people, which
was followed by a slight run on the
Farmers and Merchants Bank.
The East Side Bank also closed its doors
this morning. The doors bore the follow
ing notice: son account of not being
able to cash our New York and San
Francisco exchange, we are compelled tc
close our doors. Depositors will be paid
in full"
There was no one about the institution.
Bank Commissioner Gerberding says
from cursory examination of the Uni
versity Bank made last night he found
that the bank owes S14O, 900 and has $780,
| 600 assets to pay it with. At the bank il
is stated that nothing will be done until
| the return of President Whitley, which is
expected about Friday or Saturday.
THE ATMOSPHERE CLEARING.
Los ANGELES, June 2l.-A careful re-
view of the situation at the close of bust
ness to-day indicates that the financial
atmosphere is clearing. The arrival of q
large amount of coin from the north, ag-
gregating $3.50, 900, and the announcement
| that 100000 more would arrive to-day,
had reassuring effect. The Farmers
and Merchants Bank will receive $780,
900 additional in the morning, and will
open its doors with over 81, 900, 900 in coin
in its vaults, which it is believed will be
more than enough to meet all the de-
mands reported. 1t is estimated that
about So, 900, 600 has been withdrawn from
the banks during the present crisis, and
so far not single mercantile failure has
! been reported.
FAILURES IN SAN DIEGO.
SAN DIEGO, June 2l.-Shortly before
noon the Consolidated National Bank
closed its doors, and also the Savings
Bank of San Diego, which is in the same
| room.
Notice over both doors says it is due to
the steady Withdrawals, caused by the
panic prevailing throughout the country
and their inability to realize on securi-
ties; that the assets are much larger than
the liabilities, and that the depositors can
lose nothing.
A continued run caused the First Ma
tional Bank to close at I:3G o'clock. The
Bank of Commerce is standing the press
ure we'll.
ANAHEIM CATCHES THE FEVER.
ANAHEIM, June 2l.-The Bank of Ana
helm closed at noon. The depositors will
all be paid in full.
RIVERSIDE BANKS LIABILITIES.
RIVERSIDE, June 2l.-The statement
of the Riverside Banking Company was
made public to-day at meeting of credit
ors and depositors, but the assets were
not itemized. The total liabilities are
5000. 1868 II.
The committee of fifteen creditors ap-
pointed to investigate the banks affairs
will report tomorrow.
The general feeling among the creditors
and the depositors is against the appoint
ment of a receiver. The situation is be-
coming more settled, and the panicky
feeling has subsided.