The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-05-22
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The disastrous effects of the smash hav.
already reached San Francisco. The
steamer Monowai which arrived her.
from the colonies. brought up 16O cabin ant
of these wore bound for the Worlds fair al
Chicago and intended to extend their sfiI
to the homes Of their youth in the British
isles.
A large number of those tourists were
supplied with drafts of colonial banks
drawn on their correspondents in London.
1t has been the custom of travellers from
count their drafts at the San Francisco
banks. The blithe tourists having in
mind the information that drafts on Aus
tralian banks frequently brought . pre-.
MUM III this Oity, were more than aston
ished when they were told on presenting
| their paper that it was not negotiable.
Much of the paper was drawn By the
eleven banks which had gone down in the
crash since tho sailing of the Monowai.
The news of their collapse had been flashed
over the cables in advance Of the arrival OF
the steamer. Many OF the new arrivals
sufficient to enable them to continue their
Journey of pleasure. and will be forced 10
| return to Australia by tho next steamer for
| the nntipodss. Their intended "Trip to the
Worlds fair ends In disappointment. and
| in some cases great discomfort and ineon-
vsnience.
The local banks all refused to negotiate
| the paper drawn by other than the four
banks of the colonies, which thus far have
escaped the financial dsluQe. The local in
sttutions came to an ayr cement last Satur-
day to negotiate the raper Of the four big
banks. and those holding it may discount
their drafts at the Bank of British Coium-
bia, Anglo California and British North
America.
Among the disappointed ones who will
| have to return to Australia without visit
| ing the White City are several ladies and
ohildren Richard Jeece, the we'll known
aotuAry of the Australian Mutual Provi-
draft cashsd until no had secured the in
dorsement Of friend In this oitv.
One wsll-to-do farmer loft Queensland
F.! for q we'll earned holiday, accompanied by
his daughter. After booking n return pas
sage he secured draft payable In San
| Francisco TO enable him to 60 70 Chicago
and have a good time and return at leisure.
Before he had time to draw his dollars the
Aust allan bank closed its doors, and he IL
now compelled TO return after getting just
| a sufficient glimpse of the country to make
him wish to see more.
Another ease is that Of young German
who arrived with a few dollars only, rely
ing on a bill OF exchange for GOO. 1t is
now necessary for him to go to work. He
expects 10 find employ ment through the
assistance of friends In Washington.
A citizen of the United States. who has
been out TO Australia for four or five years.
Ia another unfortunate. He had money In
two banks, and when one of them stopped
payment he determined to turn home wa d.
d ew his money from the other institution
aud started for San Francisco with draft
for $3.50 in his valise.
In sydney the bankers said: "Oh, any
decent bank In the States will cash your
bill of exchange for you" However, good
many decent banks handled the paper 40
father does Q bill 81 him from q spendthrift
"Wsrs . Bit skittish on Australian
paper" said enc official POLITELY, but Your
over the way"
Ultimately bank was found which had
teleRraphsd TO London, and there IL pos
sibilisy OF this retu ned American faring
bsttsr than his fellow passengers.
A Sootchman who arrived from Australia
on the Nonowai carried 400 sovereiQns In .
belt round his waist. He was thought a
fool on board for doing 80. He has Rontls
smile now at the expense OF some OF his
shipmates.
A wealthy lady and her son. who hnd
been delaying visit TO England for years
in order that che might soc the Wotld's
fair en- Toats. arrived here only 10 md that
the bank containing her funds had failed.
80 dtshsa tened did she feel that she vii!
return by Abe merit steamer.
A younc German baron. who ie An ofiioer
In the kaiaer's army. had draft OF tho
English. Scottish and London Charter
bank for GSS. On finding that he could