The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-09
THE SKIES ALL SERENE.
No Further Trouble in the Einap-
ciel Situation.
MONEY POURING INTO The BANKS
And rot as Much Going out as Usual.
Temporary Embarrassment OF u
Wellsburg Bank, which Cannot,
However, Aneot Wheeling, and is
o Tided over-The Outlook here
Very Bright,

More new dopositors opened accounts
with the Wheeling banks yesterday
than there were old ones withdrew
their money. In fact, very few people
did draw out any money, except in the
ordinary run Of business, while several
new customers were booked by each in.
stitutlon. Many OF those who drew
out their deposits on Monday, under
the influeRce Of groundless excitement,
brought the money back yesterday.
The amount Of cash on hands when the
banks closed their doors at the end OF
business hours yesterday afternoon
was still in excess Of tho currency in
the vaults Monday evening, which rep-
resented q considerable increase over
the stock on hand Saturday.
There was visible a decided air OF re-
lief on the part OF business men gener-
ally yesterday. The crisis had been
passed and the interests OF the business
community were safe.
The withdrawal by people OF money
on Monday and its redeposit yesterday
was a costly piece Of business to themr
and saved the banks money. They
surrendered their certificates, which
were redeemed. On replacing their
money in the banks, they receive new
certificates, and the interest already
accrued on the amount il sacrificed and
begins to accrue again.
The only ripple on the calm OF tinau-
cial affairs yesterday was caused by the
report from Wellsburg that Mr.. S.
Georges bank there had closed its
doors. This was accompanied, how
ever, by the statement that it's assets
were largely In excess OF its liabilities,
the trouble being due solely to lack OF
ready cash.
The following special telegram to tho
INTELLIGENcERf from Wellsburg, received
last evening, tells the story:
THE wELLsBuRd SUSPENSION.
The first bank suspension in tho his.
tory Of Wellsburg occurred this morn.
ing, when the Bank OF Wellsburg, other
wise known as "tho S. George bank"
closed its doors.
The following notice, posted on the
bank doors, explains it:
lowing to the depression in business
aud tight money market and depositors
taking their money faster than | can
get it for them, l am compelled to ask
for time. All depositors will be paid In
full. l have good assets amounting to
over $4,000 0 and liabilities amounting
to less than $4,000. All deposits made
yesterday will be returned.
[signod] rs. GEORGE"
Much sympathy was expressed on all
hands and offers Of help were numer-
GUS. This afternoon u paper was circu.
lated among the deposttors for sigma
lures, they agreeing to allow him an ex-
tension OF time and expressing conf.
dence in his ability to pay in full. The
paper was generally signed by mer-
chants and business men. In CONVERSE
ton with Mr.. George this evening he
stated that the bank would in all proba.
bility be open at the regular business
hour tomorrow morning. All danger
OF a run on the other banks 10 over
WILL o DE PUSHED.
The following additional telegram
was received from the INrELIIdENcER's
Wollsburg correspondent later last
night: /,
The depositors and other creditors Of
S. George had a meeting in the store
room OF I. II. buchanan this evening,
at which they agreed they will not
press their claims or withdraw their
deposits until Mr.. George has by collec.
ton OF assets placed himself in a posi-
ton to meet them. This was unani.
mously agreed to all OF the depositors
signing, among them being such repre-
sentative citizens US ]. q. Palmer, II. O.
Hervey, d. w. Baird, j. p. Cree, r. F.
Craig, W. II. Cook, w. r. Glass, Sheriff
w. p. Cowans, Mayor McCleary, Mar.
shall Brown and others.
The following resolution was adopted:
Resolved, That we. the citizens OF
Wellsburg, Brilliant and vicinity, de.
sire to take this occasion to testify our
unbounded confidence in s. George and
| his ability to meet all debts and claims
against him and his
PERFECT soLvENcY;
and that, as those who have the welfare
OF our county at heart, we pledge our
financial support aud sympathy, and
we wish to say to all those who have
claims against him that we are satisfied
that he Is worth more than two for every
one dollar that he owes, and ask that
they will consider their own interest
and not press thoir own claims against
him.
A committee was also appointed to
convey tho resolution offering help aud
sympathy to Mr.. George, which was
dono Immediately. Mr.. George was
very much affected and was very thank.
full for the help offered. This meeting
was altogether impromptu, and there is
no doubt that the action represents tho
will OF the Brooke county people.
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