Arizona weekly citizen., 1893-07-22

DENVER. Colo, july IS.-No scene was
ever witnessed before ike one this
morning shortly after the hour when
banks opened for business.
The failure of three servings banks yes
terday had excited the masses and at
the hour of opening the streets we're
crowded with anxious depositors.
Eleven clearing house banks, located
within four blocks of each other, we're
surrounded and far into the streets the
crowds gathered until the police were
called to clear the way for the traffic.
At 10 O'Clock the UCion National, with
capital. of SL000,0OO, posted notice
that they would not open the doors.
This started the panic and following
quickly. the Commercial National bank
posted a similar notice.
Then the National Bank of Com
merce run Immediately started one on
the other banks though to no great ex-
tept upon the Peoples National. The
ri st National appears IN unexception-
able condition, having over sixty per
cent Of deposits on had with private
fund OF a million and half in addition
to draw upon, making it impossible to
close their doors. The Colorado Ma
tional and several other are equally
good.
The mob Withdrawing their money
are all small deqositors. The banks are
paying al demands except on time
certificates, demanding that they remain
there till the expiration Of the time.
President ]. A. Thacher Of the clear
house said: II am confident today Will
see the worst of this and the people vii
will come TO their senses. st ameeti3g Of
the clearing house last night we decided
we could not help the banks and Sc
come of them have gone to the wall.
| The Union National bank, which
failed, has a capital of Sl,000,OG0. No
statement yet.
| RUNS ON ALL OF THEM.
A run Is now being made on the City
Nationsl, GerTan National, First Ma
tional, Colorado National and all OF the
eleven clearing house banks. A panic
| is now on.
LATER-The Commercial National has
closed it's doors. The notice on thu
door says: ''This bank has gone into
liquidation by order o. the board of di
rectors."
The National Bank of Commerce ha:
closed its doors. Ex-Governor Job A
Cooper is president of this bank.
At the State National bank big rur
is in progress. The National Bank Of
Commerce has closed. It's condition il
not known. The Union National CLOSED
after paying out during the last few
weeks Sl,000000 20 depositors. 1t owes
550O000. The Commercial National hat
closed for liquidation. II has capita
stock Of S25 900. There is a run on tn,
American National, but It is not serious
The bank has 51,OO0,GC0 capital.
IN THE EAST.
TOLEDO. Ohio, July I6.-Ths Citizens
bank, the most prominent bank In Har
den county, failed this morning. NJ
statement.
Fort SCOTT, Kaas., July 18.-Thc
First National bank, the Oldest financis
institution in this part of the country
has failed.
| VALETrA, Malta, July 1S.-In The
court martial resulting from the sink
ing OF the British warship Victoria Lore
Clifford, flag lieutenant Of the squadron
testified that after the collision Admira
Tryon said to him: ut was ali ny
fault
PoRT townsend, WGsh., July 49,
The man-of- war Mexican was fired upor
and disabled Juae % in Boring sea by
the Hawaiian steamer Alexandria, which
sailed from San francisco last April l
The Mohicau discovered the AlexaD
dria in the act Of raidicg seal rookerie!
and tried to intercept her, firing two
shots across her bow. The Alexandra
returned with a cannon fire, striking
The Mohican am;dships and disabling
her engines. The MOhican went &
Alaska for repairs and the Alexan
dria escaped.
| SEIZED BY THE RUSH.
| PORT townsend, Wash, Is. - THE
| schooners Alexandria and st. Paul wert