The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-06-06
Not the Slightest Uneasiness Over
the Condition Of the Leading
Institutions.
Depositors In Savings Banks Ask
for Their Money and
Got It.
The Decentralization Of soliAity should Gs
Long Way Toward KeassurIng
tho Whole Country.

CHICAGO, JuAo b.-Jhe failure OF Herr.
mann Schnfner d Co.'s bank, which oc-
Cured last woek. bore fruit to-day in
we'll defined Rms which were peroeptib!s on
almost. II not every one. Of the savings
banks Of Chicago. Tho first to feel tho
cffsct OF the excitement was the Bank Of
Commercs, where great many Jewish cit-
izens Of tho poorer GLASS kept their ac-
counts. The Schnffner failure had alarmed
them and they bore down upon the Bank
OF Commerce at the opening hour.
Tellexs were doubled up and paid
checks rs fast - presented throughout
the day. the officials Of the bank expressing
NO ala IN whatever and saying they were
able to meet any demands.
The Illinois T,ust and Savings bank.
which has larger limo OF this class of de-
posits than any other bank in ths city,
amounting Al times to over $12 000, 600. put
on m extra force Of tellers and paid every
ono 10 rapidly no possible. Al three O'Clock
this afternoon they posted notice on the
front door shat the bank would remain open
until 10 O'Clock tonight and 80 long as the
present excitement continues. The Hibern-
ian bank. which, a. Its name implies, was
the depository for 4 large numbes of I-ish-
Americans Of small means. was crowded
all day, but found no difficulty in meeting
all demands.
The Dime Savings bank took advantage
Of the rule requiring. II necessary, sixty
small percentage Of deposits to-day. The
Globe Savings bank applied the thirty day
rule. The Milwaukee A, enus Savings bank
sustained modeIats run throuRhout the
day and they. too. kept open houue until
| nine O'Clock Tonight. Equally spirited
checking was notpd upon tbs Prairie State
National and P.Sirie State Savings banks,
as we'll 40 upon the Union Trust company
and Avenue Swings bank. but in NO ease
WAS any alarm felt by we'll informed people.
In fact. at many Of these institutions. large
dc; ositors dame In during the afternoon,
and made heavy deposits.
To-day's situnton was greatly aRera-
waited by = number Of board of trade
brokers. who for reasons Of their own. do
voted themselves to the circulation of SEN
sational rumors at which they involved al
one time or another nearly every bank in
stock yards operators. Notwithstanding q
these malicious efforts. no fear is felt 40 to
the safety of any of the leading ban king
Institutions of the city.
The failure of Ieadowcroft Brothers. q
minor institution with total deposit OF
perhaps $500, 900, aroused little or no inter-
est.
CHICAGO, June g.. 1880 a. m.-The Illinois
Trust and Savings bank Ia still open. the
force of paying telle-s at seven windows
having been relieved bv fresh men, and
enough people are still waiting for money
to kesp the bank open two hours more.
President Mitchell said there is plenty OF
money on hand and plenty Of mon to pay
it out.
KANSAS CrTY June 5.-The Kansas Grain
company. which claims to bs the largest
purchaser Of etain f. ON producers in the
world, has failed. Tho officers here decline
to make any statement OF the assets and
liabilities till they are authorized by Presi-
dent Tompler. who is In charge Of the Of
fce at Hutchinson. The company has sle-
vators in over hund ed towns in Kansas
all containing grain. Tight money wal
| tho cause of the failure.
SPOKANE, June 5.-Ths Bank of Spokane
tom mporarlly closed it's doors this morning.
The suspension caused no excitement. The
embarrassment Is due to The tightness oi
the money m ,rket. A. N. Cannon, prssi-
dent of tho bank. has many large interests
In this city and 10 reported m 1lti- million
al e.
CHICAGO. June 5.-F. A. Armstrone,& Co.,
manufacturers and dealers In society and
military uniforms. failed. Their liabilitiel
are $1O5. 900 ana the asssts $205. .O00.