The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-07-21
.SENSEL|ESS. BANK |, K. Runs;
They Compel Denver Banks to
Temporarily Suspend.
DEPOsIToRs WILL NOT SUFFER.

The State Bank Examiner Thinks All De-
positors VIII be Paid In Full, as the
Banks Are I'm Good Condition = The
Scare About Over.
DENVER, July Gothic timorous feeling
among depositors in the Denver banks,
which has resulted in the closing of
number of these institutions this week,
seems ut last to have reached its limit,
anu the people are now stopping to think,
with the result that yesterday afternoon
more money was deposited than was with
drawn. The German, State and Peoples
National banks closed their doors yester-
day III order to forestall the heavy de-
mands that it was evident would be made.
AS soon as the action had been taken de-
positors in other banks seemed to take
new courage. and during the day talk on
the streets was much more conservative
and rational
The North Denver bank closed it's doors
late in the afternoon. There WAS no great
run, but the bank had been unable to real
lZe upon its securities and was short of
funds. The depositors have been assured
that they will be paid 100 cents on the
dollar.
During the afternoon the five national
oohNo bhtO are Sulll open LOT business
showed no signs of any unusual excite
ment among their patrons. Indeed, these
banking houses were quieter than on
many days during ordinary times, and
everybody seems to feel that the end of the
unJustifiable excitement has been reached.
Following the suspension of the State
and German National Il few small deposi-
tors who had their money in the First
National renewed the run on that institu-
ton, but it was n small affair and
soon wore itself out. In two hours
the ram was completely broken and
quiet was restored. The run was caused
principally by those who were near at hand
when notices declaring the suspension of
the German and State National were
posted. These people at once became panic
stricken, although the remarkably strong
condition of the First National is a matter
OF common knowledge.
Around the Denver National, Colorado
National, American National and CITY
National banks all was quiet. There were
very few calls for money. and n few of
those who had withdrawn their money
from the suspended banks were depositing
In the banks that yet remain open
Among the officers of the banks which
were open for business the expression was
unanimous that the furry was at an end,
and that the people would now see the
folly of their actions in forcing a suspen-
sion OF the banking institutions by all
Withdrawing their deposits at once and
taking from circulation all the money
that would ordinarily flow through the
regular channels and help in sustaining the
business public and the banks.
The suspended banks all had much more
than enough money to be considered per-
fectly safe guaranty in ordinary circnm-
G. ~ md .x.tf
condition would have laughed at the idea
of Il run.
"A tour of the banks just before their
closing hour showed that all excitement
had died away and there was not the least
semblance of run" The officers of all
the banks stated that they were taking in
more money than they We're paying out
II do not think l will have to place a
bank in Denver i'll the hands of a re-
ceiver," said Frank Adams, the bank en-
aminer for Colorado. Mr. Adams further
said that he believed the suspended banks
will all resume business i'll short time
He has the clerks at all of the banks en-
gagged in making out the reports, which
will be sent to the comptroller as soon as
they can be gotten ready. Mr.. Adams
seems to have the utmost confidence in the
belief that the banks will reopen again in
few days, and that no losses will follow
to depositors
The morning train from Omaha brought
in $4,000 in cash for Denver national
banks. Another bank last night received
two iron safes full of money from the east
by express.
Owing TO the tightness of the money
market AZ large number of business houses
in the city and state have made assign
ments.
The Wheeler Banking company, of AS
pen. Colo, closed its doors, and there was
an exciting run on the First National bank
ut tbat nIora