The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-07-20

national banks closed their doors yesterday
in order to forestall the heavy demands that
it was evident would be made. As soon as
the action had been taken depositors in Other
banks seemed to take new courage, and dur
ing the day talk on the streets was much
more conservative and rational
The North Denver bank closed its doors
late in the afternoon. There was no great
run, but the bank had been unable to real
ize upon its securities and was short of
funds. The depositors have been assured
that they will be paid 100 cents on the
dollar
During the afternoon the five national
banks that are still open for business
showed no signs of any unusual excite
ment among their patrons Indeed, these
banking houses were quieter than on
many days during ordinary times, and
| everybody seems to feel that the end of the
| unjustiiiable excitement has been reached
Following the suspension of the State
and German National a few small deposi-
tors who had their money in the First
National renewed the run on that instttu-
tion, but it was a small affair and
soon wore itself out. In two hours
the run was completely broken and
quiet was restored. The run was caused
principally by those who were near at hand
when notices declaring the suspension of
the German and State National were
posted. These people at once became panic
stricken, although the remarkably strong
condition of the First National is a matter
of common knowledge.
Around the Denver National, Colorado
National, American National and CITY
National banks all was quiet. There were
very few calls for money, and few of
those who had withdrawn their money
from the suspended banks were depositing
IN the banks that yet remain open
Among the officers of the banks which
were open for business the expression was
unanimous that the furry was at an end,
and that the people would now see the
folly of their actions in forcing a suspen-
sion of the banking institutions by all
Withdrawing their deposits at once and
taking from circulation all the money
that would ordinarily flow through the
regular channels and help in sustaining the
business public and the banks
The suspended banks all had much more
than enough money to be considered per-
fectly safe guaranty in ordinary circum-
stances and with business at its normal
condition would have laughed at the idea
of run
A tour Of the banks just before their
closing hour showed that all excitemens
had died away and there was not the least
semblance Of run" The officers of all
the banks stated that they were taking in
more money than they were paying out.
Il do not think 1 will have to place q
bank In Denver in the hands of a re-
ceiver, said Frank Adams, the bank ex-
Rminer for Colorado. Mr.. Adams further
said that he believed the suspended banks
will all resume business in a short time.
He has the clerks at all of the banks en-
gagged in making out the reports, which
will be sent to the comptroller as soon as
they can be gotten ready. Mr.. Adams
seems to have the utmost confidence in the
belief that the banks will reopen again in
few days and that no losses will follow
to depositOrs.
The morning train from Omaha brought
in $4,000 in cash for Denver national
banks. Another bank last night received
two iron safes full of money from the east
by express.
Owing to the tightness of the money
market a large number Of business houses
In the city and state have made assign
ments.
The Wheeler Banking company, Of As
/ pen, Colo, closed its doors, and there was
an exciting run on the First National bank
at thai lace,