The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-17


closed aggregatiny $4,000 against officers
and employees Of the bank and President
Dekum's sons. Cashier stratton today
said:
.The amounts called for in these notes
were NO; borrowed from the bank on the
dates IA mtionei July 81 and Isl but
they were merely rene we'd on those dates.
The makers in each instance had paid up
the interest 10 date and had the old notes
cancelled and new notes made"
According 30 Cashier STATIONS state
ment. no money was drawn from the bank
by those persons on the dates named
above.
The Eteniag telegram says:
Accepting this statement as true, Ii re-
heves the parties from Suspicion of play
ing grab game. The affairs of this bank
are the subject OF great deal Of talk.
some of |. reckless and inecudiary talk,
yet there is no occasion for undue excite
ment or revolutionary practices until aii
the facts ara known. We admit that on
the face OF it The outlook is not as promis-
ing TO the creditors as they might wish.
There - an apparent possibility that the
assets will not realize enough 10 pay the
Indebtedness. yet II may turn out better
than IL now looks and the depositors re-
eetse every cent that il due them. If these
were flush times there would be no cues.
ton about the solvency of the institution.
IL ths universal pressure lets up within a
reasonable time all will be well. or il the
officials of the closed bank will do what
they ought 90 do. deal frankly and
squarcly with their patrons. the excite
ment will be sliaycd. Nothing can be
gained by trying 10 throw dust in che eyes
OF the people or hF with holding facts. IL
h no reflection ON Mr.. rhompson's ability
or Integrity 10 say that q great mistake
~ a. ff4n a ira IA ina
he xi3 step down and out and let disiu-
terested party take charge of thu ins,stu-
ton. anotapr movement will DO made 10
sliay excitement"
rskus GUARANTEES eErostroKs
Fraaa nekum, president Of the sus-
rsadsa Portland Savings bank. publishes
q card ia the theveslaa tomorrow mora.
Ing guaranteeing 80 the aepositoss in the
hans the payment OF all sums due them ON
condition that tae management remasas
On the hands of the psrtte. satisfactory TO
kiA and that reasonable time is given in
which to realise Uroa the assets Re-
eegser Thompson also pGhlashes q card
stating that he "a nnqaA.ihedly OF the
opinion that the hanS Is entirely solvent.
and that depositoSs wta re paid In fat
As Me-. Dekum Is worth considerably over
. ambition dollars. his guaranty will satisfy
eimid derosstoEs and help 10 restore eaaEi-
asnee.
ACTION ny TIE emsssKg OF cnSwxReE
A meeting of the chamber 90 commerce
held this evening - discuss the condition
ef the suspended hAnxs aai 60 devise
scheme for reareasne the same was largely
attended. Rank Examiner wtghlman
said that TIE suspended national banks in
she sisy are solvent and shealA Re allowed
81 resume. one VAR 10 80 shE. was By
cerositeEs agveesag - give reasonable
extension an FaTnlent Of elaisas. and the
etkss BY debtors aylaS the&r obligations
o. soon - paszsoi~. TEE cAAnaner adopted
reselnssoas providing taas hes0re say
special course @ss recommended 20 DC.
posssors in tbs suspended hanks = sp~eEsi
eommsstco al thFee ae aagsosass.i and 90
tala rsymssssoa tsVsa shs easa psSoiser IL
currency - examine aad Fsp0<s anon tire
sesGF.stss held ~ zach tanks. their nna-