The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-22


holidays sin the interest Of public welfare, "
and in consequence no legal business can
be transacted and all banks will remain
closed.
Another important meeting In Oakland
to-day was that Of the San Francisco Clear
ing House, which discussed the financial
question and prepared plans which will
be submitted to the State Clearing Assoc
iation in Oakland Tuesday. While the
State bank report shows all the banks
throughout the State In good condition
yet a large majority Of the smaller insti-
tutions had large deposits with the San
Francisco banks and the situation is very
grave. A general suspension Of banking
business throughout the State until the mon
etary condition is readjusted was the gen.
eral idea Of the bankers attending the
meeting.
WASHINGTON, April 2r.-The Treasury
Department to-day received several tele-
grams relating to the condition OF banking
property and the financial outlook In San
Francisco. Supt. Leach Of the San Fran
cisco Mint reported that every bank in
the devastated city was buried in ruins,
but banks in Oakland, Berkeley and Ala
media were abe to resume business.
The kilograms to Secretary Shaw fol-
low:
Thanks for your complimentary despatch.
Every bank in San Francisco buried In
ruins. All banks In Oakland, Berkeley and
Alameda able to resume business, including
First National, Oakland; Union National,
Oakland; First National. Berkeley, and
Berkeley National, Berkeley.
1T looks as if Oakland must be tempo
rarily the banking centre for California
north Of Tehaohapi. State Parking Com
missionen have located Office in Oakland
to meet this condition.
"The suburban banks ought to have free
and prompt telegraphio transfer OF funds.
In view of the rliined condition Of Sub
Treasury, advise making the transfers
direct through the Mint.
THE Sub-TreasuTy went down in the
fire early, and is now surrounded by blocks
of ruins
The fire is still burning. but it is thought
to be confined to a few blocks of residences
somewhat isolated. No foundation for pub
lished statement Of attack on Mint.
will do what I can about bureau OF in
formation of refugees. Have received
to-day Meline's order for transfer OF funds
to Bank of California, San Francisco.
LEACH,
Superintendent US. Mint"
sMy temporary address is ai47 Clay street,
San Francisco. All San Francisco banking
houses destroyed. None destroyed in Oak
land. Cannot report at present as to CON-
dition of suburban banks.
"Sub-Treasury roof caved in. Vaults
apparently intact, but blocked with debris.
After consultation with leading bankers,
will report as to best plan Of procedure.
JULIUS JACOBS,
Assistant Treasurer, U. s."
sPlenty water at Unalaska wharf. All
business portion Of San Francisco burned ex-
cept Appraisers building. Crew OF Thetis
and Bear nave done guard duty since the
earthquake. Can'tsa whenthey can resume
ships duty. City burning. HUMMEL,
Official Treasury Department.
OMAHA, Neb., April 21.-Joseph Tobin,
president of the Hibernia National Bank,
San Francisco, en- route from New York,
received a telegram in Omaha to-day
reading:
Bank destroyed; every dollar In vaults
gone"
After reading the telegram President
Tobin said: Our deposits were up in the
millions of dollars. We will pay dollar for
dollar to all depositors."