The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-29
ABSURD To
FEAR CRISIS
Money Conditions in Wa||a
WaIIa Never Better

AS the result of an interview with a
representative of every bank in Wall
la Walla, this afternoon, it was learned
positively and beyond the remotest
reason of doubt that the declaration of
Governor Chamberlain of Oregon, de-
avoid a money crisis, would not have
the slightest effect upon the financial
condition of this city.
The associated press dispatch which
appeared in the morning paper relative
to the precaution being taken by the
clearing house association of Portland
which ultimately resulted in Governor
Chamberlain declaring a six day hol-
iday, has evidently awakened feeling
of uncertainty on the part of a few in
dividuals according to inquiries at the
Statesman Office regarding the Oregon
situation. Despite the fact that Walla
Walla's banking houses were never in
better financial condition, this feel
walls to a certain extent with few
thoughtless ones. The situation, un-
auestionably is merely the result of the
panic reports from the money markets
in the east and according to the most
reliable authority prevailing in the
city. the effect in Walla Walla will be
unnoticed.
No Reason for Uneasness.
There is absolutely no reason for
the people of Walla Walla to feel un-
easy" said A. R4 Burford, cashier or
the First National bank. "The exag-
garated panics, in the east will posi-
lively have no effect upon the finan-
cial condition of Walla Walla. In fact
I doubt very much whether any of
the Oregon banks will close. as the
declaration of Governor Chamberlain
only gives them privilege to do so II
they choose. The banks of this city are
all on solid foundation, and thelr
patrons should feel no cause for un-
easiress.''
Absurd to Consider Crisis.
while l am not conversant with the
situation as perhaps many OF the
i,, ha ri I
why Walla Walla should be affected In
the slightest said ]. L. Elam. i DO
not Think that the banks of oregon
will close. If they should close, how
ever, it might be possible that few
of the grain men would be effected.
Mind you, this is even not my own
personal view, it is only possibility.
Our institution. the same as other
banking firms in this city. has plenty
of currency on hand and it is absurd
to even consider a money crisis.
To Issue Certificates.
IT is the opinion of F. w. Wilson OF
the Union Savings bank that the actlon
taken by the clearinghouse association
of Portland was merely for precau-
tio1.. Owing to the fact that the BANK
ing houses of Portland are at present
unable to secure currency from the
east during the money panic, they are
therefore compelled to issue notice to
the various banks throughout the west
that thev cannot ship currency, but
IL oriy ,uh0
tificates. These certificates are en-
dorsed by every bank in Portland anu
in themselves. are as good as currency.
There is absolutely no reason for un-
easiness. even should the banks OF
Portland heed the declaration of Gov
ernor Chamberlain"
Banks Will Not Close.
Chitwood of the Farmers Savings
bank. when asked as to the sltud-
ton said: Il am sure that the ba1,ks
of Oregon will not close, and even IL
they should it would make no differ
ence to the money condition of Walla
Walla, or in fact any other city IN the
west. The clearinghouse ASSOCIATION
is doing this merely for protection af.o
perhaps for the reason that they are
unable to supply the banks in other
cities with the amount of currency de-
sired
Several employees of the Baker-Bo
bank were asked as to the PROBABILITY
of a run on that institution. The ques-
ton was taken as a rare joke, anu
from their answers it was plainly eVl-
dent that such an incident was 1ndeed
wholly unlocked for and not IN the
leas+ feared even if if should happen.
Mrs. Mary keeean Surprised.