The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-07-20
SLNSELESS BANK runs.
They Compel Denver Banks to
Temporarily Suspend.
DBPosIToRs WILL NOT SUFFER-

The State Bank Examiner Thinks All De-
positors VIII be Paid In Full, ms tho
Banks Are in Good Condition - The
Scare About Over.
DENVER, Jnly 20.-The timorous feeling
among depositors in the Denver banks,
which has resulted in the closing of
number of these institutions this woek,
seems at last to have reached its limit,
and the people are now stopping to think,
with the result that yesterday afternoon
more money was deposited than was with
drawn. The German, State and Peoples
National banks closed their doors yester-
day In order to forestall the heavy de-
mands that 1t was evident would be made.
As soon as the action had been taken de-
positors In other banks seemed to take
new courage, and during 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 depostors have been assured
that they will be paid 100 cents on the
dollar.
During tho 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 queter than on
many days during ordinary times, and
everybody seems to feel that the end of the
unjustiilable excitement has been reached.
Following the suspension of the State
and German National few small dcposi-
tors who had their money in the First
National renewed the run on that institu-
tion, but it was a small affair and
soon wore itself out. In two hours
ie run was completely broken and
quiet was restored. The run was caused
principally by those who were nearat hand
when notices declaring the suspension of
the German and State National were
posted. These people at once became pSlic
stricken, although the remarkably strong
condition of the First National is matter
OF common knowledge.
Around the Denver National, Colorado
National, American National npd 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those who had Withdrawn their money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' nks that yet remain open.
Am -. the officers of the banks which
were open for bus'"ess the expression was
unanimous that the furry was at nm end,
aud that the people would now see the
folly of their actions in forcing 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 tho
regular channels and help in sustaining the
business public and the banks.
The suspended banks all had much moro
than enough money to lie considered per-
fectly safe guaranty in ordinary circum-
stances and with business at its normal
condition would have laughed at the idea
Of u run. ......"
A tour Of tho banks Just before their
closing hour showed that all excitement
had died away and there was not the least
Bemblance of run The officers of all
the banks stated that they were taking in
more money than they were paying out.
81 do not think | will have to place n
bank in Denver in the hands Of re
ceiver," said Frank Adams, the bank ex-
nminer for Colorado. Mr.. Adams further
said that he believed the suspended banks
will all resume business in 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
q few days, and that no losses will follow
to drpositors
The morning train from Omaha brought
in S50,00O 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 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. aud there was
nm exciting n on the First National bank
at thns place