Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1903-10-24
BETTER FEELING APPARENT IN
BALTIMORE FINANCIAL CIRCLES
Fears Of Further LiQufdat10ns ~
.n-aar a.d No Ran ON Instttutt0ns
Anticipated-Un1On trust E CO l1.llps.. -
Soon to Resune-No ExcdtemeE='ttI9 On -
-. Change. 49,: ~ ia ,ya .ss: !

@
corporation has assets. .@ .s5s
Efforts will also be made to have sub
ordinate receivers named in Mexico.
Herbert Compton, stakeholder, made
the application for Z 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 on 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. -'-"1. r g@tsiEE*
situation 1t baltimore. 5 .*
Baltimore, Nd, 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 signalized by
the announcement of other trust COM
panies following In the wake OF the
Maryland and Union companies that
failed Monday wsre a<reeably disap-
pointed Not only did every institution
open, but among local dnanciers geneF-
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 wore significant reports that
three moro trust companies whose
names were freely discussed would APP
ply for receivers, but these companies
threw their doors ajar q usual when the
clocks struck ton and their officials de-
clared that tho apprehension which had
been felt in thelr behalf was unfounded
and that they are In no manner embar
raised.
It is true, however, that while the
fnanciers themselves and the brokers
and bankers around South and German
streets maintain an air of serene con-
1idence there IL 4 degree OF uneasiness
in the popular mind, and it is expected
that this feeling may prompt a more
voluminous withdrawal of deposits dur
ing the day than usual. But there is
no reason for anticipating that there
will be anything like 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 30 far as possible,
and to refuse selling orders It is under
stood that If necessary they will con-
tinue the same conservative policy.
Local fnanciers without exception
take an optimistic view of the situation,
and this optimism is particularly
strengthened by the fact that local se-.
curities were not involved in either Of
the suspensions.
Confidence Increased. zti t
Tuesday afternoon showed steadily
increasing confidence among financiers
that the worst has happened and that
there will not be any additions to the
list of failures. ~ 5
On the stock exchange the sentiment.
during the whole day has been optimis-.
tic, and in the closing hours there was
evidently not a member who entertained
any apprehension that there would ba;
any further trouble. 81
A factor in allaying apprehension was
the knowledge that many of the financial
institutions had strengthened their re-
sources during the night. i. a large
amount of currency from New 1, York,
Philadelphia and Washington was sent
to Baltimore during the night and Tues
day morning. - "a
How much was received is not def
nitely. known, but it is estimated that
between 100000. and $5,0OO.OOO is in
the vaults Of banks and trust companies
which was not there Monday
One of the reassuring incidents Of the
day was the announcement that the
/ Union Trust company, one of the sus-
pended companies, would resume bust
ness in 9 short time. The directors of
that concern were in conference during
the day to formulate q plan by which
! the company's affairs may be adjusted
! and the receiver discharged as soon s.
that Is practicable. Receiver White
stated that the resumption OF business
by the Union Trust company would
be amatter Of only q few days.
Another incident that gave confldenca
was an inquiry from the treasury de-
4 partment at Washington asking &c The
\ national banks needed assistance.
.#s5 Trouble a Indian Coulntr,y.
st. Pau. Mimi. Oct special II
& the Dispatch from Helena says: "A
Medi cine creek, in the Blackfeet reser.ya.
ton, Cold Id y Water, an dian, has been
murdered BY an Unknown Indian, ana /.
3 citing ARRAY between cattlemen s IN,
thief has resulted 50 : death, but - -.
III 3icula - lrn NIT 49, -