The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-06-07
ABUNDANT RESOURCES.
All DepositOrs Got Their Money in Ch
cagO-Business Failures.


All DepositOrs Got Their Money in Chi
caRo-Eusiness Failures.
CHICAGO. June 6.--Notwithstanding the
fact that the Illinois Trust and Savings
bank kept open until three O'Clock this
morning togive anxious depositorBa chance
to draw their funds, q new limo began to
form before eight O'Clock this morning.
and At 10, the hour for opening, between
12D and 1,5O0 people were waiting at the
doors with their savings books. The crowd
waA several times larger than at any time
yesterday. The bank Is considered abso-
lniely sound. Its assets figure mp to over
S28 900, 900 and its stockholders are esti-
mated to be worth in tho aggregate fully
$3.50, 100000.
During tho time when tho run on the
bank WAS hottest this afternoon Philip
ID. Armour. the millionaire packer, sent out
some of his clet ks to bring into his Office q
hundred o, more OF the most excited de-
Armour made brief speech. assuring
them that the bank was all right, and add
ing that Amour & Co. will guarantee to
each Of them the full amount of their de-
posit. II any of them wete not satisfied
with this he asked them TO speak up and
said he would give them their money. Two
women asked for the amount of their de-
posit and were Immediately paid In gold.
while tho remainder of the people went
away satisfied.
WASHINGTON. June6. Com ptrolter Eckles
said to al Associated press reporter this
morning that as far as advised no national
bank in Chicago had been affected by yes
tterday's financial furry. The clearing
house stands ready to assist it's me m bsrs
whenever necessary. An absttacs of the
condition of the Chicago national banks ON
the date of his last call showed a reserve of
80 As per cent. or 40 above the legal re-
qui,ements. The total resouro oss IRE $780,
sC4.s04; surplus, $11,516700; undivided
profits. 81. $50. 600.
SPOKANE, June 6.-Ths Washington Ma
tionai bank and its adjunct, the Washing
ton Savings bank. closed their doors this
morning. They were crippled by a quiet
run yesterday. Both show strong assets IN
excess OF liabilitiss. but could not get
money in time for the sudden whirI. At
two o'clock this afternoon the Citizens
National bank closed its doors. BY one
O'clock the runs had almost entirely sub
sided. The other banks stood the strain
with no visible sign OF wearing and since
they have been strengthening themselves
and the wol st of the furry IL believed to be
over. 1t is generally believed that there
will be no more suspensions.
BosToN. June 6.-Potter q Potter, pub
fishers of tho :New England Magazine the
Yankee Blade. the Woman's Home journal
and other periodicals. made an assignment.
The liabilities are from $4,000 TO 500, 600.
The firm may resume. The failure WAS due
to losing business on the New England
Magazine.
PHILADELPHIA. June 6.--s amuel A. Prince.
the owner of the mari rble works here and the
quarries in Rutlond, VT, has failed. The
liabilities are 100000 and nominal assets
$3.50 1000. -..
MILWAUKEE. June 6.-The State bank OF
this city has failed. 1t had capital of
$50 600 and a surplus of $4,000.
DEFIANCE, O., June 6.-The Savings bank
Of Andrew SaueF has failed.