St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-20

DENVER, July 19.-The timerous
feeling among the depOsitorS i'll the
Denver banks which has resulted in
the closing of number of these instl-
tuiions in the past week seems at
last to have reached its limit and the
people are stopping 10 think, with the
result that more money is being de-
posted than is being withdrawn. The
German, State and Peoples national
banks closed their doors early this
morning, in order to forestall the heavy
demands that it was evident would be
made. AS soon as this action had been
taken, depositors in other banks seemed
to take new courage. and during the
day talk on the streets was much more
conservative and rational. During the
afternoon the five national banks that
are still open for business showed no
signs of any unusual excitement among
their patrons. Indeed, their banking
houses were quieter than Oh many days
during ordinary times, and everybody
seemed to feel that the end of the
wholly unjusliiable excitement has
been reached.
The German, Peoples and State ma
tional banks suspended payment and
closed their doors this morning. The
German and State banks did not open
at all. posting notices just before 10
o'clock announcing their suspension.
The Peoples bank was open for half an
hour. but when the closing of the two
other institutions became known the
n IN.
out further delay.
Depositors in the German bank gath
cred in line early in the morning. and
the crowd grew so formidable before 10
O'Clock that the officials saw 1t would
he useless to attempt TO
Meet All Demands.
A smaller crowd gathered at the State
with the same result. There were
probably thirty depositors in line at the
State national bank at $50 O'Clock this
morning. waiting the time for opening
the banks doors. At that hour the fol-
lowing notice was posted at the main
entrance to the bank:
Owing to inability to provide funds
to meet the extraordinary run, the III
rectors have decided to close temper
.arily, but the bank is not inSolyent. We
have ample funds to pay everybody"
The statement was without signature.
1t was latter emphaticdlly endorsed by
the management Of the bank when seen
by United Press reporter. The no.
tice caused some confusion among The
few depositors who had already formed
a line, and it also caused large num-
Der who had been attracted to\the
corner of Sixteenth and LarlmOr streets
OUT of mere curiosity to scramble for a
position near enough the door to read
the notice.
The posting of this notice naturally
caused a furry of excitement TO run
along the line of depositors who had
gathered around the German National
bank, and there was noticeable clos
ing of those in line, each trying to get
as near the door as possible.
Apparently, however, those who were
awaiting to withdraw their money from
the German National were the smallest
depositorS, mostly Workingmen and
women who had deposited
Their Entire Savings
In the bank and were naturally excited.
The absence of business men from the
line was noticeable feature. Some of
those who were there had arrived at
O. clock, and from that hour on until
the time of opening the line continued
to lengthen until at a few minutes be-
fore 10 O'clock it reached from the front
door of the German bank on LarilnOre