Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1893-07-20
ANOTHER DAY OF PANIC.
Many Denver Business Firms Go
Down In the Crash.
THINK THE BANK RUNS ARE OVER.

Now Six National Banks of Denver Are
Closed, but All Claim That They VIII
Resume-The Situation In Kansas Lit
tie Better-Results Are Far Reaching.
DENVER. July 20.-The timorous feeling
among depositors in the Denver banks,
which has resulted in closing a number of
these institutions this week seems at last
to have reached its limit, and the people
are now stopping to think, with the result
that more money is being deposited than
is withdrawn. The German, State and
Peoples national banks closed their doors
in order to forestall the heavy demands
that 1t was evident would be made. As
soon as the action had been taken, depos-
itors in other banks seemed to take new
courage. and during the day the talk on
the streets was much more conservative
and rational. The five national banks that
are still open for business showed no signs
of any unusual excitement among their
patrons. Indeed, their banking houses
were quieter than on many days during
ordinary times, and everybody seems to
feel that the end of the unjustifiable ex-
element has been reached.
The run which was started on the First
National bank was completely broken, and
quiet was restored.
The run was caused principally by those
who were near at hand when notices de
claring 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
l. Id Nd N,N II
Colorado National, American National
and City National banks all was quiet
There were very few calls for money, and a
few of those who had withdrawn their
money from the suspended banks were de
| posting in the banks that yet remained
| 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 action in forcing a suspension
of the banking institutions by all with
| drawing their deposits at once and taking
from circulation all the money that would
ordinarily flow through the regular chan
nels and help in sustaining the business
public and the banks.
| The suspended banks all had much mon
| than enough money to be considered a per
fectly safe guaranty in ordinary circum
stances and with business at its norma
| condition would have laughed at the idei
of run.
Business Firms Go Down.
The Tucker Shirt and Furnishing company
/ Sixteenth street, assigned 10 Charles II. Burpie
| Assets So, 600. and liabilities $1,000.
The Kaleidoscope Newton Lumber compan,
| assigned to Frederick f. Sayre result O
1 the closing of the State National bank.
The Blake Lumber company assigned to En-
/ met b. Annis.
The Palace drug store. Sixteenth and Curti
streets. made assignment to +. F. Sayre.
| J. II. Naylor. a furniture dealer on Fftecnt
street, assigned TO Simon T. Horn.
| The Stanley Shoe company attached tn
| Union Clothing company.
| An assignment made by the People
| Coal company to John O'Ncill.
l Goldhammer & Weiss, saloon and restauran
L keepers on Larimer street, were closed
l chattel mortgage.
| August Werhle, jewelcr. assigned to OFT
1 Schneider.
The Harrison Hannahs millinery store, FIJI
tenth and Wclton streets, assigned to Wi
| liam F. Sherry.
Demange & Co, dealers in gcntlcmcn's fuI
l nishinG goods. made an assignment to A 1
1 Demange.
Silas b. Jacobs, gCntlcmen's furnishing good
on Seventeenth street, near Curtis, assigned
l F. J. White.
The Denver. Lakewood and Golden Railroa
| company has been sued by the General Flee
trio company for $5,7O5N5. and a writ of n
tachment was issued out of the district cour
The Denver failures have affected otht
| Colorado points. At Aspen the Wheelt
Banking company, the pioneer bank of til
city, closed its doors.
At Loveland, Colo, the bank of Low
land closed. Its assets will largely eXcee
the liabilities.
At Sterling, Colo, the bank of Sterlin
| closed. No schedule filed.
A run was made on the First Nation;
bank at Aspen, and the greatest excit
ment prevailed. One thousand people wei