Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-08-03
SERENE AT SAVINGS BANKS.

SERENE AT SAVINGS BANKS.
3epositors Feel sure That Their
money is Perfectly Safe-All Quiet
at the Banks-The Much More Fa-
vorable News From the Metropolis
"A New Haven Lady Depesitor's
Dilemma.
Affairs at the savings banks yesterday
we're very quiet. There was no excitement |
whatever, and instead of giving |
notice of contemplated Withdrawals
many people came to the banks and made
deposits. At the Connecticut there were
half dozen people In waiting when the
doors opened. They were nearly all Ital-
ians. At the New Haven bank about thir-
ty were in waiting. At both banks a num-
Der of deposits were made. At the National
there were no Withdrawals and several de-
positors. All told less than 600 out of the
army of depositors of the three banks have
given notice. There are 10000 depositors
in the three banks and lees than 5000, 900
has been asked for. Altogether the scare
Is over.
A New York dispatch last evening says
as to the savings banks there:
Business at all the savings banks. with
one exception, was going on as usual to-
day.
The excitement is all over. Depositors
feel assured that their money is perfectly
safe.
At the German Spar bank, Fourteenth
street and Fourth avenue, number of
depositors of the ignorant class came to
give notice that they wanted their money.
THE FINANCIAL HORIZON DECIDEDLY
FRIGHTENING.
NEW YORK, Aug. Amy fears that
may have existed at the opening of to-dsy's
Wall street business were entirely Offset
by reports in the room that shipment of
s400, 600 in gold would quickly follow the
amounts reported yesterday, and the fact
that the big national banks of the city
were going to utilize present low prices
for government bonds and make a large
increase in their circulating notes. They
will be aided in this by the desire of the
the savings banks to dispose of some part
of their large holdings of governmental and
negotiations are now under way by which
$12 200, 900 of bonds will be purchased by
the national from the savings banks.
This deal, when completed, will give the
savings banks nearly $13. 000, 900 with which
to meet the demands of their depositors,
and 1t will enable the national banks to is
sue circulating notes on these banks for
over $40, 000, 900. There is no doubt also
that among the financial schemes to be
acted upon by congress will be one allow
ing the national banks to issue notes up to
the par value of their holdings of govern
ment bonds. This would increase the
amount Of these notes nearly $4,000, 900.
Hoadley B. Ives of the National Savings
bank, when shown the above last evening,
was asked if in his opinion the down turn
financially had passed and if the indica
| tions were that the tide had turned.
"Yes, emphatically So" replied Mr. Ives.
"The indications decidedly show that the
| crises has been passed successfully and
that financial affairs are mending The
| financial horizon ia Frightening consider.
| ably, owing to the large importations OF
| gold from Europe and the action of the
| New York banks to enlarge their circula
| ton and thus relieve the cramp for money
The situation generally looks much bet
| ter"
HARTFORD BANKS REQUIRE NOTICE.
HARTFORD, Aug, 2.-The four savings
banks of this city, beginning st noon to
day, will require notice of ninety days tt
withdraw deposits. The reaeon alleged il
inability to obtain currency to pay depos
itors with.
BRIDGEPORT DEPos1ToRs NOT WORRIED.
BRIDGEPORT, Aug. 2.-When the Bridge
port savings banks opened this morning
there was no unusual demand for money
showing that depositors have confidence Il
the institutions. The adoption of the 9,
days. limit yesterday was the result of
demand made upon one of the local bank
for large sum by western bank. Th
bank had difficulty in obtaining the cur
rency and the other savings banks assiste
1t. Depositors to-day were not allowed
withdraw more than $40 without givin
, notice. All the local banks are considere
unusually strong.
|, NINETY DAYS IN wILLIMANTIC.
i W1LL1MAnTIc, Conn, Aug. 2.-The tw
local savings banks, the Windham and tn
Dime Savings bank, this afternoon issue
notice to depositors that beginning to- mol
| row they would require ninety days motto
| of the withdrawal of all deposits, excep
small amounts. The directors find 1t necsi
cary because of the stringency of tn
money market. Both banks are as SCUM
as the soundest, but would have to sacri
fcs the best securities In order to rails
any large amount of money.
NO RULE IN MIDDLETowN.
| MIDDLETowN, Aug. 2-All of the loca
savings banks announce That they are il
condition to stand any run and produc
cash enough to meet any demands on them
They will not enforce the ninety days nc
tice rule and do not anticipate any unusus
demands upon them. Thus far their dali
deposits exceed their Withdrawals.
ADEPosIToR MADE HAPPY.
In illustration of the condition of min
ia which some people are in nowadays, Al
incident which occurred in the Office O
Hoadley B. Ives, treasurer of the Nations
Savings bank, may be mentioned. /
woman from a country town who ha
learned to rely on the wise old fnanc'er'
judgment came in and told him that sh
bank of this city and asked him if b
thought she had better draw 1t out. n
told her no, that 1t was safe where 1t wa
but that If at any time within one yea
from that day she wanted him to take he
deposit book and pay her its full valu
1 Will 1ut6Icsb3 u0 WOulA w IL. One wen
home contented, but her fears arose agail
and she came in yesterday to see Mr.. I've
again. She said: "Mr. IvesI have com
| to accept your offer"
Cali right" said Mr.. Ives, and made on
a check for 90, 100 and the interest due o.
the deposit.
He handed 1t to her and asked her t
sign the order transferring her saving
bank book to him. She sat with his chez
in one hand and the book in the othe,
looking from one to the other in great pc,
plexity. Finally she said: IT didn't wan
this money If you are willing to give it,
and she handed the check back to Mr.. I've,
who cancelled it and she went back hom
with her faith in him and in the saving
banks renewed and strengthened.
At the Clock Factory.
The New Haven clock factory shut
down tonight until Monday morning