The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-26

tors In line ana the companyS officials
declare that the run is over.
Leading bankers said today that
conditions were such that they would
probably be able to import gold from
London on Monday to the extent OF
about 10000 600
The bankers pool which has been
supporting stock exchange houses, gave
further assurances today that money
would be provided for call loans when
needed
Saved by Uncle Sam and Morgan.
New York, Oct. 26.-The closing of the
Terminal bank of Brooklyn today was
due to the fact that it's repository the
Williamsburg Trust company suspend
ed payment yesterday.
The vice president of the Williams
burg Trust company, Willard T. Reed,
was president of the Terminal bank.
The clearing house committee was in
session this morning for half an hour
and issued call for meeting of the
full association at II o'clock to decide
whether clearing house certificates
should be issued.
James T. Woodward, chairman of
the committee, said that the situation
today depended largely upon develop
ments among the Brooklyn banks.
State Superintendent of Banks Clark
Williams said:
Things look little better. There is
a general tone of encouragement all
along the line"
A director of the Lincoln Trust COM
pany announced that the bank is in a
position to meet every demand, that it
is stronger than any previous day this
week, and that the withdrawal of funds
is decreasing.
Announcement was made today that
negotiations have practically been COM
pleted for importation of large amount
of gold from Europe.
Money on call was loaned on the
stock exchange today at so per cent
Secretary Cortelyou had conference
with George w. Perkins of J. P. Nor
gan & Co. Mr.. Perkins subsequently,
said:
THE atmosphere is fast clearing up,
as any one can see.'
Mr.. Perkins was asked if he thought
this would be the last day of the finan-
cfal difficulty. He replied:
81 think it Isl
James Stillman, president of the Ma
tional City bank, said today:
THE situation has been saved by the
action of the secretary of the treasury
whole hearted cooperation of Mr.. Nor
gan"
The National City bank today an
the engagement of $500 900
gold in London. This engagement was
made on the banks own resources and
connection with the South African gold,
which will arrive on London on Mon
day.
Run on Lincoln Trust Kept Up.
New York. Oct 26.-The drain on the
national banks was considera bly, re-
lieved today by the decision of the saw
ings banks to require advance notices
of large Withdrawals. This put stop
to heavy disbursements by the savings
banks which would have been compeil-
ed to draw this money from the ma
tional banks. A few of the smaller
banks applied this rule vigorously when
any considerable number of their de-
positors lined up at the paying teller's
window. These banks told their depos-
tors they would pay out only in small
and to satisfy urgent needs.
The First National bank today noti-
led the stock exchange houses to which
t had made loans on Friday at so per
cent, that the loans would be continued
over to Monday at 80 per cent. There
were about 200 depositors in line at the
Lincoln Trust company today awaiting
an opportunity to withdraw money.
Many of them had stood in line all
night. A bank messenger who headed
the line refused an offer of $500 for his
place.
Payments to depositors were contfn-
ued throughout the day.
Clearing House Certificates.
New York, Oct. 26-The clearing house
association today authorized the issu-
ance of clearing house certificates
Prices Wavered
New York, Oct. 26.-George F. Baker,
president of the First National bank,
said that no formal statement regarding
the plan to issue clearing house certifi-
Gates will be made. He said the plan
will go into effect today and that no
has been specified. The method
of issuance will be the same as that
followed in 1893
There was some wavering of prices
on the showing of a deficit below the
legal reserve, but it's small amount, lit
tie more than million dollars, was
favorable on consideration and
the market showed resistance to depres-
sion. There was no increase in the ac-
tiVity