Waterbury evening Democrat., 1907-10-25
CALMER TONE
Business Circles Encouraged By the Relief Measures of Big 
 FjnancieTS
RETURN OF CONFIDENCE

CT IOu0 was dpphi CAI III ouSA ~ cles this morning. The success of the relief measures undertaken yes terday by J. Pierpont Morgan, John D. Rockefeller and other prominent f1nanciers, together with the serenity with which tho officials of the Trust Go of America met the run Of de- positors on that institution, gave great encouragement to bankers and business men generally that no fur ther trouble was to be feared. The $25,000,000 made up by a pool headed by MT Morgan, which was sent into the stock market yesterday afternoon, Is believed to have given permanent relief to the brokers who were in need of funds with which to carry the stocks bought and held on margins for their customers.
 Last night passed without any series of conferences of bankers with each other and with Secretary Cor telyou which were held until late hours on Tuesday and Wednesday nights, except for an informal meet ing at MT Morgan's house. Secre- tary Cortelyou attended the dinner of the graduates club, of which he is vice-president, and made an ad- dress in which, after discussing at some length the objects of the club and it's affairs, he made brief ref erence to financial matters. The secretary said:
 "We are Irving a trying experi- ence, but with all its endorsements I find my faith in the general stabll- ity of business strengthened by the examples I have seen of high cour- age and splendid devotion to the public welfare shown by many men of great influence in the commercial and industrial life of this city Weak places have been fortified, but, what is better, those of evil influence have been scourged from their positions and the determination to carry this work forward will have a far-reach- ing influence in restoring public con- fidence."
 Announcement. was made this morning that the United States Ex- change bank, small institution To- cated in the Harlem district, would not open for business to-day. The bank has only a little more than S5O0,OO0 on deposit, did an incon- spicuous business, and the announce ment that it would not open for buis- ness was entirely without effect.
 There were lines of depositors waiting this morning in front of the Trust Co of America and at the bank ing office of the Lincoln Trust Go up town. Some of those in line at the Trust Go of America had been there all night. At the head of the line was a woman who declined to leave her place even when the men next in line promised to restore it to her this morning. She suffered consid- erably from the cold night air and several of he men, touched by her plight, went 10 a nearby restaurant at 3 o'clock in the morning and got some bread and hot coffee for the woman to sar.
 were very encouraging. American stocks there opened at prices from one to four points higher.
 The Borough bank of Brooklyn, a state institution with capital stock of s20O,O00 and deposits of about S3,000,000, did not open for busi- ness to-day. This bank has several branch offices in Brooklyn. Its busi- ness was not very large and no prom inent financiers were connected with it. One of it's principal connections was the KnickerbOcker Trust Co, which suspended payment on Tues day.
 Secretary Cortelyou was at the sub-treasury to-day. The secretary said:
 There is nothing to say on the situation now. except to reaff1rm my former expressions of belief that matters are steadily improving. Later developments during the day may prompt further statement"
 The International Trust Co, one of the small and inconspicuous trust companies, closed its doors at 10: 40. This trust company has a business connection with the Borough bank of Brooklyn, which suspended pay ment to-day.
 The Brooklyn bank. with a place of business at Fulton and Clinton streets. Brooklyn, did not open for business today This bank has a capital stock of s3OO,0O0 and owes it's depositors about s1,50O,00O.
 All the members of the New York stock exchange made their daily set dement's of accounts as usual to-day to the stock exchange clearing house.
 The fall il prices did not extend far below last nights level before a steadying tendency developed.
 T. s. Steel pfd recovered its E point decline. Other distinctively Morgan stocks showed indications of support and the market rallied and became quiet.
 Cash amounting to s4,30O. 900 was sent to the Trust Co of America this morning through the sub-treasury.
 The treasury department is doing everything possible to allay sppre- hension. Another large supply of small bills is heing rushed to New York from Washington
 A statement issued by the sub treasury to-day shows that local hank gained sz2.T8s. .00O from the sub-tressary during the week This represents in large part the deposits of government funds made with the New York banks
 It developed this morning that a considerable number of the persons f- lire at the Trust Co of America and at the Lincoln Trust Co were not