Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-10-29
St. Louis Trust Companies De-
siine-Offers of Assistance
from Other Cities.
FINANCIAL FURRY ABOUT OVER
Demands of Deposltors Promptly Met.
One institution Closes With Million
More Cash Than When Run Began.
Others Report Ample Funds.

st. Louis, Oct. 29.-The statement
Of President Julius s. Walsh. of the
Mississippi Valley Trust company,
whose sentiments are echoed by other
trust company officials of st. Louis,
that the situation is thoroughly in
hand, the excitement has subsidized and
from this on we expect business will
be conducted in the usual orderly man
ner, expresses the opinion that seems
general, after the unwonted financial
conditions which prevailed here. Off
GERS of all the trust companies state
that voluntary offers of help were re-
ceived from financial institutions in
New York, Philadelphia, Chicago, New
Orleans, Kansas City, Boston and
many of the smaller towns of Missouri
and Illinois, but all were declined for
the reason that they had sufficient
cash with which to handle their bust
ness. Expressions of confidence and
offers of aid on the part of national
banks, financial and other institutions
of st. Louis have helped to strengthen
the situation and restore confidence.
No Reason for Further Concern.
The furry is over" said A. A. B.
Woerheide, president of the Lincoln
Trust company. Long before our
regular closing hour arrived all those
who desired their money had received
1t and departed. There is no reason
for further concern"
President Julius S. Walsh, of the
Mississippi Valley Trust company,
said: There is absolutely nothing in
the past or present condition of our
company to justify the slightest APP
prehension All demands of every
kind were met, and we had more cash
on hand when We closed than when
we opened Tuesday morning"
Festus j. Wade, president of the
Mercantile Trust company, said: THE
Mercantile Trust company received
voluntary offers from financial institu.
lions of New York, Philadelphia. Chi.
cago, New Orleans, Kansas City, st
Joseph and SSn Francisco, sufficient
to pay off every dollar of it's deposits
at once. All offers, while highly ap-
preciated, were respectfully declined,
as we closed the day with over a mil
lion dollars more cash than we had
when the silly run began"
Outside Aid Refused.
John w. Harrison, first vice presi-
dent of the Missouri Trust company,
SAID: Other financial institutions
have placed at our disposal any
amount of cash funds that we might
ask for in this contingency. We are
pleased to say, however, that we have
not been obliged TO ask any financial
aid whatever and have over 100000
OF cash in our vaults and ample funds
at our command to meet all our liabili-
ties of every description
G. A. Buder, counsel for the Arneri-
can Central Trust company, said: Our
company is practically unaffected by
the furry. l believe the situation IS
clearer and that the worst is over"
Lawrence B. Pierce, first vice presi-
dent OF the Commonwealth Trust CON-
pany, stated that their deposits had
been many times the amount of the
Withdrawals.
Henry Koehler, Jr., president of the
Germania Trust company, said that
nothing Of any consequence was drawa
out of his institution, and that offers
Of aid received from other financial
centers were thankfully declined as
unnecessary.
Thomas II. West, president OF the
St Louis Union Trust company, stated
that the so-called run was past and
had done no damage except to deposit
tors who had withdrawn their money.
only few of our smallest deposit
tors withdrew their savings and they
will be back again" said Mr.. West.