The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-24

MI. Morgan's pronounced part in stay
ing the panic, and the calming Stare-
dent Stillman of the National City bank
and Vice President Frank A. Wander
lip of the same institution-these
things. it is considered, can not fail to
help VIA is in some respects the most
acute money crisis New York city has
1884.
Governor Hughes prompt appoint
ment of a new superintendent of banks
in the person of Clark Williams. a
prominent banker here, to fill an Office
suddenly AGATE this week, and the
steps taken to have the Knickerbocker
Trust p resume business are
other satisfactory signs.
AS is always the case in time OF
financial excitement, New York bank
ers and brokers were at their desks
early this morning awaiting the Lon
don quotations on American stocks.
Three Banks Close.
The Hamilton bank in West One
Hundred and Twenty-fifth street, sus-
pended payment to ~depositors today.
A notice was posted On the doors of
the bank this morning, announcing
that the bank was solvent, but in JUS
tice to depositors payment had been
suspended until public confidence in
banking institutions was restored.
The Twelfth Ward bank suspended
payment to depositors. A state bank
eAdI miner VIII De pldceQ III cndrRe.
The Hamilton bank is not one of
the large institutions in the city. Its
location in Harlem gave it quite a
good neighborhood business. but it
never was in any way a representative
New York bank.
The Empire City Savings bank. To-
Gated at 231 West One Hundred and
Twenty-fifth street, posted a notice
this morning announcing suspension
for 80 days under the banking laws.
Thu officials of tho honL 1ao1ora +hof
the institution is financially solid. but
that they desire to ava themselves
of the 80 days notice of withdrawal
under the state law, because they
payment by the Hamilton and
Ward banks in the same
neighborhood. The Empire City Saw
ings bank according to a recent state
ment. owed its depositors about So
100000.
Nil Wal for Confidence.
At 9 o'clock this morning it was an
nounced that the Hamilton bank,
which has its place of business in One
Hundred and Twenty-fifth street, had
to suspend payment pending
the complete restoration of public
confidence. A notice posted on the
banks doors declared it was solvent,
but suspended payment in justice to
its depositors, until confidence in
banks is restored.
E. r. Thomas, who was associated
with F. Augustus Heinze and Charles
W. Morse in several banks and finan-
cia1 was president of the
bank but resigned after the
break in United Copper stock which
the beginning of the recent
financial troubles in this city.
Orlando F. Thomas, brother of E.
r. Thomas. also recently resigned as
a director. and William r. Montgom-
cry was elected president. The bank
has a capital stock of 100000 and de-
posits of about 100000 1t has
four branches in this city.
At $3.50 there were about 1900 per-
IONS in line in front of the Trust Com
pany of Americas main office in Wall
street waiting for the opening of bust
ness.
At 10 o'clock prices on the Lon
don exchange showed considerable
strength among American securities.
Union Pacific was up rs, Baltimore
& Ohio IN, Atchison PA. Southern
Pacific >, A-malgamated Copper 1,
States Steel and Erie "a.