The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-29

| DdnkS is IN danger. The banks OF
| this city have been loaning millions to
! eastern financial institutions who now
| reruse to return loans in any other
form than clearing house certificates.
HAD the holiday period not been de-
clared the cash reserves of the banks
| would probably have been depleted in
few days, but in the meantime the
bankers will arrange some method for
meeting the situation. Only one bank,
the German-American, an unimpor-
business today.
Currency Is Scarce.
San Francisco, Oct 29-The clearing
house certificate plan was put in opera
ton today by the San Francisco banks.
everything worked smoothly and there
Few people were inconvenienced and
merchants took to the new way of do
Ing business very readily.
All the local banks are said to be in
nrst-class condition with ample re-
sources, but actual currency in circu-
lation is scarce.
Condition Is Normal
Salt Lake, Utah. Oct. 29.-Financial
conditions in Salt Lake seem perfect
ly normal today. All the banks are in
sound condition. Officials of the
clearing house said that no move look
ing toward issuance of clearing house
certificates had yet been made. This
city will be one of the last in the west
to take such STEP said one official.
"At present we do not think such
step will be necessary, but if the
movement spreads to other points in
the west such a course will eventually
be unavoidable"
meeting of the Clearing House as
ISOLATION is in progress.
Government Sends Out Cash.
New York, Oct. 29.-The sub-treasury
today transferred for banks $4,000 in
currency to San Francisco and 100000
to New Orleans. The first loan of
money on call on the stock exchange
today was made at so per cent.
No Cause For Alarm.
Atchison, Kan, Oct 29.-Atchison
banks have followed the plan adopted
by banks in every other important
town in the country: Although Atchi-
son banks never had larger cash re-
never in better condition, they are
compelled to follow the example set
by the banks in the larger financial
centers. 1t is a panic in currency, and
the banks in every town will keep cur |
rency now on hand for local people, |
There is no cause for alarm in Atchi- |
son. and we believe that within few
within a few hours
former conditions will prevail.
Wants the Heinzes Out.
Hartford, Conn, Oct. 29.-Insur
Donald of this state has returned |
rom New York, where he went on
business connected with the affairs of
he Aetna Indemnity company. When
n New York, it is reported that, after
consultation with Mr.. Kelsey of that
state. Mr.. Mcdonald insisted on the
of the HeinZe interests
rom the company. The Heinzes own
ID 81 per cent of the capital stock,
ind a syndicate was formed to raise
100000 to put into the company by
he purchase of the Heinze and other
interests. 1t is announced that new
BOARD of directors and executive Off
,ers will be elected.
The Need No Help.
Seattle, Wash, Oct 29.-Seattle
oanks so far have taken no notice of
he action of Governor Chamberlain
If Oregon in declaring a five days
)ank holiday in that state and will
make no similar request upon the ex-
,cutive of the state of Washington for
" the local banks.
Officials of the leading banks when
said that there is no ap-
parent necessity for invoking the plan
# holidays as there has been no bur-
len put upon the banks by the de-
,ositors.
Conditions Never Better
Bellingham. Wash, Oct 29.-Banking
onditions were apparently never bet
er, according to statements made by
he heads of the four local institutions.
hey say that the eastern furry has
ad no appreciate effect here and that
eposits have increased during the past
ew days. ,