The times. [volume] (Richmond, Va.) 1890-1903, 1893-07-20
BREATHING FREER NOW
TIE RUN ON THE DENVER BANKS
NOT so STRONG YEsTERDAY.
Two More Heavy Failures Added to the
Already Long List-Other Failures
in the State.

DENVER, COL, July 10.-The panic
was Oh in this city to-day with renewed
Sigor. and, as a result, the old German
National, with a reputation for stability
OF twenty years sta11ing, and the equal
ly reputable state National, failed TO
open their doors for business this morn-
ing. Later the Peoples Nationll failed.
All night long depositors stood in line
In front Of the German, and by o o'clock
there was one long sea Of faces stretch
Ing down the street. At the opposite
corner. where the State Bank has so
long done business, there was also quite
a crowd Of anxious deposltors waiting
the opening Of the doors. Hs-e the
people were relieved OF their agony at
a few minutes after o'clock, when a
notice was posted on the door TO the ef-
feet that the bank would not open. owing
10 the lack Of ready cash. and The crowd
moved away. At the German there was
evidently a determination 20 go ahead
with business up 20 almost tho last mo-
ment, wh,n a strip Of paper was pasted
on the window, stating that the doors
would remain closed temporarily. Then
the scene became distressing. Men and
women down the long line broke out I'm
tears and wailing.
BY this time there was run on every
bank in the city. and soon came the an
nouncement that the Peoples National
Bank had closed its doors. The notice
on It's doors read:
This bank is closed by order OF the
board Of directors. Assets, N,10OOOO,
liabilities, $1,000
f.I cf
two failed banks bear about the same
proportion as the Peoples Bank Their
failure is chargeable 10 the long continued
raid by depositors and inability 10
raise ready capital. All expect to re-
sumo shortly.
Frank Adams. bank examiner to-day
took charge Of the Union National. Com
mercial National. National Bank Of
Commerce, State National and German
National.
This evening the run at the Denver
National was over. with an enormous
amount OF money still I'm sight. The same
is true at the City Bank and all other
banks, and business men are beginning
10 breathe freer
There has been n considerable num-
ber Of failures among business houses Of
all kinds within the past three days,
caused by attachments taken ont by
banks which foresaw their suspension.
Five national banks are still open.
The J. r. Wheeling Banking Company,
the pioneer bank Of Aspen, Col; the
Bank Of Sterling. Sterling, COL. and the
Bank Of Loveand. Col, have assigned.
No statements Of assets or liabilities have |
been issued.
Among the failures that almost escaped |
notice was that Of the Bank Of North |
Denver yesterday afternoon. Business !
firms. whose embarrassment has become |
known. range from liquor salOors 20 street |
railroads. There are I'm the list dry |
stores. lumber companies, gentlemen's /
furnishings milineIs, coal companies. |
Try goods houses. jewellers. ready-made
dealers. tailors and grocers.
Two bank failures are reported at AS
pen and one at Loveland. Commercial |
failures are also reported from many
points IN the State outside Of Dcnver. due
10 the fact that the sufferers
deposited I'm Denver banks which have
GREENY. coll, July l9-The Union
Bank closed its doors at / =. NJ to-day.
and n half hour later the Greeny Ma
ional pulled down its blinds and turned |
he key in it's door. The Unions statement
saws that owing 10 the suspension Of GER
ain Denver National Banks. which had
)n deposit several thousand dollars Of its
money and the fact that a steady with
travail Of deposits, amounting 10 about
go 90. the past few days they were COM
)elled TO suspend business They say
heir liabilities are about 100000 with
lsets and paid-up capital az 10000. As
soon as the fact Of the suspension Of
hese banks became known. a steady run
vas made on the First National Bank.
lut II continued 10 honor all checks and
lrafts. and even after the regular closing
lour cashed two checks presented
ARMONSDALE, KAN. July 1l-The
ftiZens' Bank suspended yesterday.
TOPEKA, KAN. July 19-lnformation
las been received at the Office Of the
state Bank Commissioner Of the failure
Y the State Bank Of Parker. Linn |
ounty, and OF the Woodson State Bank |
4 Yates Centre. Woodson county. Both |
re small concerns
OKLAHOMA CITY July 1.-The Bank !
( oklahoma City and the Oklahoma Ma
Ional Bank closed their doors this after
oon There was a heavy run on the
1rst National. but IL withstood IL all
light. Statements are unobtainable now