Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1903-10-23
RECEIVER FOR A
Delaware concern
International Bank and Trust Com
pany of America at Dover
Closes Its Doors.
BETTER FEELING APPARENT IN
BALTIMORE FINANCIAL CIRCLES
Fears of Further Liquidations Dis
appear and No Run on Institutions
Anticipnted-Union Trust Company
Soon to Resumc-No Excitement on
'Change.

Dover, Del, Oct. 21.-Chancellor
Nicholson Tuesday granted an appli-
cation for receiver for the Interna-
tional Bank and Trust Company of
America. James H. Hughes, of Della
ware, was appointed receiver and sub
ordinate receivers will later be APP
pointed in all other states where the
corporation has assets.
Efforts will also be made to have SUBJ
ordinate receivers named in Mexico.
Herbert Compton, a stakeholder, made
the application for receiver, and Law
yer William L. Gooding made answer
for the company. When an effort was
made to reach the chancellor Monday
night he was on pilot boat off Della
ware breakwater, but party of officers
and stockholders located him and by
megaphoning the boat the chancellor
was brought ashore, and after some ex-
plantations by counsel the application
was granted.
Situation ut Baltimore.
Baltimore, Md, Oct. 21.-All the banks
and other financial institutions in Balti-
more were opened promptly at the Gus
tomary hour of ten o'clock Tuesday
morning, and those who may have had
any fears that the beginning of the
monetary day would be signaliSed by
the announcement of other trust COM
panies following in the wake of the
Maryland and Union companies that
failed Monday were agreeably disap-
pointed. Not only did every institution
open, but among local financiers gener-
ally there was uniform expression of
confidence that no other suspensions are
now probable and that whatever OF
panicky feeling was manifested has
practically disappeared. Late Monday
afternoon and continuing far into the
night there were significant reports that
three more trust companies whose
names were freely discussed would ap-
ply for receivers, but these companies
threw their doors ajar as usual when the
clocks struck ten and their officials de-
clared that the apprehension which had
been felt in their behalf was unfounded
and that they are in no manner embar-
raised.
1t is true, however, that while the
financiers themselves and the brokers
| and bankers around South and German
! streets maintain an air of serene con-
fidence there is degree of uneasiness
| in the popular mind, and it is expected
that this feeling may prompt more
voluminous withdrawal of deposits dur
ing the day than usual. But there is
no reason for anticipating that there
will be anything like a run on any Of
the banks.
The stock exchange opened as usual
without furry or exciting incident.
Monday the brokers came to the rescue
of the situation by deciding to carry out
buying orders only so far as possible,
and to refuse selling orders. 1t is under
stood that IL necessary they will con-
tinue the same conservative policy.
Local financiers without exception
take an optimistic view of the situation,
and this optimism is particularly
strengthened by the fact that local Sc
curities were not involved in either OF
the suspensions.
Confidence Increased.
Tuesday afternoon showed steadily
increasing confidence among flnanciers
that the worst has happened and that
there will not be any additions to the
list of failures.
On the stock exchange the sentiment
during the whole day has been optimis-
tic, and in the closing hours there was
evidently not member who entertained
any apprehension that there would be
any further trouble.
A factor in allaying apprehension was
the knowledge that many of the financial
institutions had strengthened their re-
sources during the night. A large
amount of currency from New York,
Philadelphia and Washington was sent
to Baltimore during the night and Tues
day morning.
How much was received Is not def
nitely known, but it is estimated that
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