Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-07-01
AN EASIER FEELING.
New York Bankers Kegaining Confidence
In the Finan"i~s SituatioD-More Bank
Failures in the East and West.

in the Finan"i~S SituatioD-More Bank
Failures in the East and West.
New YORK, June 24.-Banks report
an easier feeling in the west, and say
that the demands for accommodation,
rediscounts and currency are much less
The attention of bankers is mostly con-
centrated on the situation on the Pa
cific coast. AT the subtreasurv II was
said that S500,0 in currency was ex-
changed Friday for tranfer to San Fran
cisco. Besides gold thus transferred
shipments of currency were made di.
rect Friday to the city by express,
which made the aggregate amount OF
money forwarded about 81, 900 900, and
more will be sent to-day in the same
way. 1t is believed that the help sent
to San Francisco from this city has re-
lieved the stringency there, so that no
further trouble is expected.
The presidents of some of the leading
banks were asked what they thought of
the financial situation. They agreed in
the statement that the situation was
decidedly improved compared to what
it was this day week.
The subtreasury began the payment
on Friday of interest on United States
coupon bonds due July l. The total
amount of interest to be paid out by the
government in this city is about 50, O00,-
900. The disbursement of this sum is
expected to aid very largely in the re-
lief of the money market.
SAN Francisco, June 24.-At a meet
ing of directors of the Pacific bank, of
San Francisco 1T was decided to close
the doors. In statement issued by
the vice president the liabilities, out
side of capital stock and surplus, are
| placed at S1,63O,OOO. Assets, properly
handled, s2,OOO,OO0 All the banks
| of this city were well pre-
pared for the expected runs on them.
The Peoples home savings bank
closed its doors, but only temporarily,
the officials say, in order to secure time
to collect on securities. 1t is claimed
that the assets are very much greater.
| NIAGARA FALLS, n. Y, June 24.-The
Cataract bank of this city, the largest
bank in Niagara county, closed its doors
at noon. There is great excitement
among business men in consequence, as
over S700, 900 of their money was on de-
posit. The suspension was totally un-
expected and was not preceded by a run
on the bank.
| MILWAUKEE, June 24.-W. II. HON
sen, assignee of Frederick I. Day. pres.
ident of the Plankinton bank, has
filed in the clerk of courts office a
statement of Mr.. Days assets and
liabilities. The former are placed al
100000 and the latter at $500,
900. There are in all 116 creditors
The statement which should have borne
the signature of Mr.. Day was, with the
consent of Judge Johnson, fled with
out it, for the reason that Mr.. Day has
disappeared, and his whereabouts are
known to nobody, not even to hi:
family. Mr.. Day left the city ten day:
ago-about the time that the granC
jury began the investigation of tn,
Plankinton bank and Lappen's failures
MINNEAPoLIs, Mimi, June 24-Th'
State Bank of Minneapolis suspended
payment Friday owing to heavy with
drawals of deposits, Withdrawals sine
March having aggregated 100000
The banks attorney states that the sus
pension will be only matter of few
days, when the bank will resum
business. The suspension indicates n
: particularly serious condition of al
fairs, and the doors are closed merel
for the purpose of allowing the officer
l and employees a chance to make com
: plete statement of the banks business
+ Prominent directors stated that ther
I would be absolutely no loss to de
. | pOSitOrS.