The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1893-07-20


positors VIII be Paid in Full. ns tho
Ranks Are In Good Condition - The
Scare About Over.
DENVER, July 20. The timorous feeling
among depositors In the Denver banks,
which has resulted In the closing Of a
number OF these institutions this week,
seems At last TO have reached its limit,
and 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 In 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 its doors
late in the afternoon: There was no great
run, but the bank had been unable 10 real
i've 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 i've national
banks that are still open for 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
unjnstiflable excitementhas been reached.
Following the suspension OF the State
and German National d few small deposit
tors who had their money IN the First
National renewed the run on that institu-
ton. but it WINS small affair and
aeon wore itself out In two hours
run 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 aud State National were
posted. These people at once became panic
stricken, although the remarkably strong
condition Of the First National is o matter
Of common knowledge
Around the Denver National, Colorado
National, American National aud City
National banks all was quiet. There were
very few calls for money, and 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those who had withdrawn their money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 al 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 ali had much more
a.
fectly safe guaranty in ordinary circum-
stances and withi business at its normal
condition would have laughed at the idea
of run
A tour OF the banks just before their
closing hour showed that all excitement
had died awsv and there was not the least
samblance Of run The officers Of all
the banks stated that they were taking In
more money than they were paying out.
u do not think will have to place a
bank In Denver in the hands OF re-
oeiyer.' said Frank Adams, the bank ex4
aminer for Colorado. Mr. Adams further
said that he believed the suspended banks
will all resume business In a short time,
He has the clerks az. all OF tho 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
Z Owing TO the tightness Of the money
market a 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
at that place