Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-07-20
AFFAIRS OF BANKS.
A Better Condition Of Things Reported From
the West.

A Better Condition of Things Reported From
the West.
DENVER, Col, July 20.-There may be nc
more bank failures in Denver. The panic
wore itself out yesterday with the failure oil
the People, German, and State national banks.
This morning when the First, Colorado, Den
yer, City and American national banks opened
their doors there was hardly dozen depositors
in all Of them at the paying teliers' windows.
In the First and Colorado nationals long
string Of depositors reaching nearly
to the street were lined up in
front of the receiving teller's windows
vaults almost as rapidly as it was withdrawn
during the past three days. The German. State,
and Peoples nationals could pay % for 81 il
they could realize on securities.
There may be few commercial failures
in the city within the next few days as
q result Of the suspension Of banks,
but it is believed that in no instance, whether a
banking or commercial house. will the failure
lie complete, and that resumption Of business
viii surely follow shortly.
1t is stated today that the Mcnamara dry
goods house which failed Monday for $3.50 900
have settled with their principal creditors and
will resume business Monday.
The cheering news from Washington has had
a wonderful effect upon Denver this morning.
The dispatch from Controller Of the Currency
Eckels. to the effect that he would give every
possible aid to the banks Of this city, ia ap-
plauded on every side.
Bank Examiner Adams, to whom the tele-
gram was addressed, is besieged by excited peo-
pie anxious to hear q confirmation OF the good
report and get an expression from him.
Mr.. Eckels comments on tho foolish course
OF those Denver citizens who had lost conf
dence in the banks, are looked upon in q most
righteous light
The newspapers are running of extras an
nouncing the news and already things begin to
wear a bright aspect.
SAN BERNARDINo. CAL, July 20-The ma
tional bank examiners who have been looking
into the affairs Of the First National Bank OF
this city have made q report to Controller
Eckels, recommending that the bank be allowed
to open ut once.
They state they found the affairs of the bank
in good condition.
PEORIA, ILL, July 20.-An fears Of trouble
Oberhausers private bank Saturday have died
away. Preparations have been made to stand
any possible run, but none materialized. Ali
the savings banks have now taken advantage of
the sixty day notice clause governing with
drawals.
NASHUA. N. H.. July 2O.-Tbe Security Trust
Company closed its doors this morning. The
bank has not met with losses. but stopped bus
mess on account Of the withdrawal OF deposits
The treasurer states that the bank will be able
to pay all depositors in full. 1t has capital and
surplus amounting to S25O, 900, which must be
paid out before loss can come to the depos-
itors.
DENVER, Col, July 2O-The First National
Banks at Canon City and Grand Junction. this
state. failed to open their doors this morning.
1t is probable The failures were caused by the
suspension Of the Denver banks
The New York Banks In Good Condition.
NEW York, July 20.-Charles NJ. Preston
state bank examiner, was in this city yester-
day. He spent most Ct the day in Wall street
calling upon a number Of the bankers, with
whom he discussed, informally, the condition
Of the banks in this city and state.
the banks of this stete, he said, "geneI ally
are in good condition. anticipate no failures
The last report from those that come within
my jurisdiction was on June l, and the general
average of the banks was sound at that time
Partial reports received since that time show
no change. do not think any OF the banks
need my attention. with the exception Of the
two three which ceased to do business 9
mouth OF 80 ago. So fny as my examination
goes, all the banks are abundantly secured, and
the only possibility Of trouble might
time when there was lack OF
ready cash The banks are holding as much
cash as possible. Depositors have no difficulty
in getting their money when they want it. The
bankers Of this city are deserving OF grea,
praise for the promptness with which they sent
money to Chicago when there were threats of a
crash among the banks there. About % 900 ,0OC
were sent and that action probably saved seri.
Gus trouble in that city. Had the New York
banks not done this panic in Chicago might
have occurred"