Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-10-24
Lined UP FOR A BLOCK.
Anxious Depositors Gather at
Couple of Concerns.
CONFIDENCEIN CORTELYOU
Presence Of the Secretary Of Treasury
Upon the Scene Seemed to Exert a
Quieling Influence on the Troubled
Financial Waters.

Financial Waters.
New York. oct e3-Anxloty over
The sIuadon that developed in the
trust commuy banking situation dur
ing the past v.oE coauuuol 20 cloud
the business horizon "Wednesday. ol-
though The ncvoUrcss and alarm so
noticeable Tuesday W.r. can.lierally
lesscnod by the rr eucc of Secretary
Of the Treasury Coralyou n The city
and his promise Oh remain at the sub.
treasury 'hrourhcg' the day. Mr Cor.
telyou's atatomart maGt Tuesday
night affirming tte strong condition
Of the national banks Ct trls citv. also
had q very roof .ner. n eeut,mcnt
and served 90 relieve the a1prehen.
Finns of business mon that cu ailmC1t
OF credits through the situation .0lgw.
irg the susngr i1u of payments hy the
KnIckerbcCker Trust company mich-
hamper The financing of general mCr.
camille affairs. an uulat1nhle devcl.
opment of Tuesday MIGHT was fae FIRST
news that the Trust Company Of Amer.
lea, one OF the citys largest financial
institutions. with deposits auuroyi.
mating ijo000.0o0 and total assets and
liabilities iu excess of Si0oo0.oOo. iu
need assiEtance 40 the same time g.
became known the Trus, Company o.
America bad given statement OF iB
affairs 20 other bankers with the re-.
quest FOR and n was also announced
liberal assistance would be given the
company and also that the institution
had 10 i,s vaults sl200UuU0 iu casA
with which 20 begin payments 0f its
deposito-s should there De- any unusual
demand. Il became known also gcner
ally that bankers ara not regard thc
position of the KuicEcrbocker Trust
company very favorable and were .n
clined .o Permit 90 90 go into liquiia.
ti0u
As usur a time of stress. IN Ion.
don quotas ou American securities
were Cgre waited At I o'clock
prices hl only fractional changes
and 'raE wore missed
Tla tH.O rrhecter Trust company
announced o denoe'rore who waited
gs tre Uan office WED. l1v morning
thHt 10 would r.t resum. payments
It. arn1rrrer rTt was made hy a
polio. captain .a authority of officials
of t.H c.urrrv At tho Colonial
lvD F NJ fNe Trust Company Of
An .l . .- s., Paul building on
EwaIH1r rnra tfan 200 persons were
iu l.u. 1H"E l-.o.e DO o'clock walt.
ins f.r 90. ..-" 1ur5u.
l.H. ,. people b.ean 90 gather ear.
ly 'r .rHHt of the doors of the Trust
Coul. 0i America and Knicker.
booker Trust company. 81 q o'clCck
there wcr. from forty 90 dfty persons
ut The nam banking office OF the Trust
Company of America in Wall street.
and at iho same time the crowd ey.
tended f1- more than a block from the
Fifth avenue office OF the KnlckCr.
booker rr'st company.
Oaklcigl Thome president OF tho
Trust Company OF America. was ~ his
place OF business early He made
statement 30 the effect that the inst.
tuition was an right.
a committee of accountants. reurc.
sertinr The bankers who have taken
the whole financial situation In hand.
went into the offices OF the Twr
Company of America az 6 O'Clock
Wodno 1ay morning and bcsan an cx.
haust've examination Of It's books and
the securities hold IN Us valuts as
collateral nn loans
Every urccaution was made bv the
Trust COMPANY Of America 20 meet
any unusual rush and O. announced
three paying tellers would De on duty
az no o'clock The crowd in front ~
the Wall street office of this company
grew steadily. and at 9:S0 20 was csti.
mated to number about i50 persons
The Hnickerhocker Trust company
was also surrounded 10y the constantly
increasing number oi persons
J Pierpont Morgan has practically
assumed command of financial circles
here. lie IS striving TO hring order
ont of chaos and will 500 what can be
done 90 protect la~-' '.'-ros.i now IN
jeopardy.
Gail money a. noon Wednesday was
loaned at 40 per cent.
Secretary Cortclyou made large do.
rosits in rational banks here. He feels
able 20 cone with the situation.