The Irish standard., 1893-07-22
]! MANY 7 s. a KS q I.
-Four IA the City OF Denver Forced
to Close Their Doors
Anxious Deposltorss Crowd the Strcets-'
81 Nasrcantfle Houses Pulled Down-sey- \
u Kansas Banks in TroubIe-Fail.
81 ures 1T Other Places. ]. ]353
BAD DAY FOR BANKS.

DENVER. Col, July 19.-NO SUCH
scene was ever witnessed in all the
west as could be seen here Tues
day morning shortly after 10 o'clock.
when the banks were supposed
to open their doors for business.
The failure of three savings banks
Tuesday had excited the masses
and the streets were crowded with
anxious depositors. The eleven clear
ing-house banks, located within four
blocks Of each other, were surrounded,
and far into the streets the crowd gath
cred until officers and special police
were called out to clear the way for
traffic 4..
STARTED THE RUN.
The Union national, with a capital OF
81, 900. 900, posted a notice that they
would not open their doors. This
started the panic, and, following quick
ly, the Commercial national posted q
similar notice and then the National
bank Of commerce.
The Commercial national bank closed
it's doors within a few minutes after
opening, for it became apparent from
the size of the crowd in front Of the
bank that run was to be inaugurated.
The bank was in bad shape. 1t has a
capital stock of s250,00o and only had
$4,000 in cash in the bank.
The Mercantile bank, private insti-
tuition, with capital stock of 100000,
closed it's doors at noon. The failure
was caused by the failure of the: Union
81, al, =
cleared.
BUSINESS HOUSES CLOSED.
The Mcnamara Dry Goods company,
one of the largest institutions of the
kind, failed Tuesday morning. The
liabilities are placed at 100000. The
failure was brought on by an attach
ment served at o'clock Tuesday morn
ing by the Union national bank. which
failed to open it's doors, for ST., $50, and
the Colorado national for s2o,s47.
Following the failure of the big Nc.
Namara dry goods house several other.
mercantile failures were quickly an
nounced. One was the John Mouat
Lumber company on an attachment
from the German national bank for
1855, 200
Albert Nelson's restaurant and saloon
went down with the National bank Of
commerce. His assets are placed at
Sill, $40. with liabilities of se6,725.
M. S. Noah. installment furniture
house. Assets, sac, 0D0: liabilities, Sl6,-
OOO Three other firms with kabi llties
of 500, 900 each were announced as hav-s
ing failed Tuesday afternoon. They
were all caused by the bank panic.
TROUBLE IN KANSAS.
TOPEKA, Kan, July l9.-State Bank
Commissioner Breidenthal was notified
Tuesday afternoon IF the failure of the
Citizens bank of Kansas City, Kan;
the Citizens bank of Arnlourdale. the
Bank of Richmond, Franklin county
and the Farmers and Merchants hank
of Osawatomie. All of the banks were
doing small business.
Fort SCOTT Kan, July 19.-The First
national bank of this city failed to open
for business Tuesday morning, owing
to steady withdrawal of deposits and
inability to collect assets. The officers
claim that the banks assets are more
than three times its liabilities and de-
positors will lose nothing.
QUIET AT KANSAS CITY.
KANSAS CITY, Mo-, July 19.-The i'm
preston prevails that the recent fnan-
cial furry is at an end. ALI was quiet
on Tuesday. The banks in Kansas City
which have failed are: The National
bank of Kansas City, the Missouri ma
tional bank, the Kansas City Safe de-
post and savings bank and the Bank
of Grand Avenue. the latter being a
state bank.
COUNTRY BANKS SUSPEND.
Topeka, Kan, July Estate Bank
Commissioner Breiden thai was on Mon
day notified of the suspension Of six state
and private banks in Kansas, all due
to the Suspension of Kansas City banks
in which they had deposits. The banks
reported are the Bank of johnson City
the Bank of Weir City, Hood & Kin
caid's private bank. Of Pleasonton,
Caney valley bank of Caney. Ritter &
Doubleday's private bank of Columbus
and the Bank of Meade of Meade Cen
ter
Robbed OF q Big Sum.
NASHVILLE, Tenn, July 1S.-W. II.
Wallace, prominent citizen of Leb-
anon, Tenn, who had been to st. Louis,