Morning journal and courier., 1893-07-20
NEWS BY TELEGRAPH. From All Quarters. BANK PANIC IS RENEWED Distressing Scenes in the
 Streets of Denver. IA M0MEhTARY DANGER OF FIRE. The Agricultural Building
 In a Bad Condition. MUR1ERoUS ASSAULT BY B TRAHP.' Attacked a Man Who Gave
 Him Work,
MUR1EROUS ASSAULT BY A TRAMP
DENvER,s PANIC RENEWED.

More Banks Closed Their Doors Long String of People Wait fer the German National to open and When & Notice Was Posted That the Doors Would Remain Closed the Scene Became Distressing. DENVER, Col, July 19.-The panic was ! renewed in this city to-day with visor and as result the old German National, with a reputation for stability of twenty years' standing, and the equally reputable State National failed to open their doors for business this morning. Later the Peoples National failed. All night long depositors stood in line in front of the German and by 9 o'clock there was one long sea of faces stretching down the street. At the oppo- site corner, where the State has so long done business, there was also quite crowd of anxious depositors awaiting the opening of the doors. Here the people were re, lieved of their agony at few minutes af- ter o'clock, when notice was posted on not open owing to the lack of ready cash, and the crowd moved away.
 At the German there was evidently de- termination to go ahead with business up to almost the last moment, when slip of paper wac pasted on the window stating that the doors would remain closed tempo rarily. Then the scene became distressing. Men and women down the long line broke out in tears and wailing. By this tims there was run on every bank in the city, and soon came the amour ament 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 di- rectors. Net assets, $1, 100, 900; liabilities, $310,OOO"
 President McNeill of the State bank says that his bank has paid out in cash trife more than $900,000 within the last thirty days. He has evidently tried to call in his loans in order to ksep the doors opsp, but it proved to be an i'm possibility. Ia con- cluding long talk he said: "Our assets are fully twice as large as our liabilities"
 Charles M Clinton, cashier of the Ger man National, stated that exceedingly hard times and inability to placs securities, to- gether with the failure to call in loans had forced them to close their doors.
 "During the last sixty days" he said, "there has been constant drain on the bank, and over $1,000,O0O had been paid to depositors, some days the demand being all the way from $25. 900 to $75, ,OO0
 
 east this morning, but 1t failed to arrive, and as we had paid out nearly all our money during yesterdays run we were forced to close"
 The president of the bank is John J. Reithman and it's capital and surplus is $500, ,000. Its officers expect it to resume In time, as it's assets are greatly in excess of It's liabilities.
 The long-expscted closir of the Peoples National bank came about at Il o'clock when President Lawrence had a notice posted on the doors stating that the strin- gency of the money market was severe that 1t was impossible for ths concern to longer withstand the storm. Their state ment published on the 18th showed that they had less than $6O, 900 in cash on hand while the individual deposits subject to check, not counting any other, amounted ! to $210,00e. The capital etock of the bank | Is $500 1000.
 This afternoon the run ct the Denver | amount of money still in sight. The same \ is true at the City and all the other banks, | and business men are beginning to breathe freely.
 The State National bank claims total re- sources of $l 1894 900. It's capital stock is l $500, 900. It's deposits amount to about $675, 1000.
 At the closing hour there were not half a dozen people ia or around any of the national banks here. The weak banks have all been closed and there can be but little doubt of the soundness of the five that withstood the storm of yesterday and to-day.
 J. A. Thatcher, president of the Denver National and also of the clearing house, said this evening he anticipated no more bank failures
 Those that had kept open passed through the clearing house in good shape and show ed that they were in excellent condition fol l tho future An examination of the affairi
 of the closed banks has been made and iz
 no instance has there been found the slight
 est dishonesty or crooked work.
 'I am confident" said MT. Thatcher
 "that if the financial condition Of tn,
 country brightens little they will all re
 sume and every depositor will be paid dol
 lar for dollar"
 s. B. Wheeling Banking company of As
 pan, Col, Bank of Sterling and the Banl of Loveland, Col, have assigned. N statements have been issued. "I do not think will have to placa bank in the hands of receiver" ssi Frank Adams the bank examiner for Colo rado, to-day. MT. Adams further eai l that he believed the suspended banks vii
 resume. He has the clerks at all of tn
 banks engaged in making out report , 1 which will be sent to the comptroller t About dozsn failures in all were roporte t to-day, including the assignment of tw small private banks.
 ANOTHER SUSPENSION.
 HUTCHINSON, Kan, July 19.-Findirg
 impossible to secure currency sufficient t
 meet its demands the Hutchinson Nations I, this morning posted 6 notice of suspensio
 of payment. Assets $25l ,0O0. L'abilitie $121 Q0n