Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-10-26

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epublican convention pledged to vote
or the nomination of Secretary Taft.
Kansas believes the president meant
exactly what he said three years agt
rhen he remarked that under no cir
:umstances would he again be a cam
lidate for that Office. This was thel
of Senator Long of KARI
sas,S on leaving the White House to-
day after an interview with Presi-
dent Roosevelt.
requiring 80 to 60 days notice for
of deposits, and this
will prevent the withdrawal Of mon
eys that would otherwise be put in
safety deposit boxes. The savings
banks Of they continue to make pay
ments, would be obliged to withdraw
funds in the national banks, thereby
causing an additional strain on the
general banking situation.
There was not the slightest hint
that any of the savings institutions
was in anything but the soundest
condition, and 1t was pointed out.
that the savings banks of this state
are so restricted by laws. in invest
ing their money that there can be no
question that all securities in their
possession are good and readily SAL
able In normal times.
The institutions that closed their
doors to-day with the sums due de-
positors were:
United States Exchange bank. Har-
lem, 100000; international Trust Co.
about 5000, 00G;; Borough Bank oil
Brooklyn 100000; Brooklyn bank,
S2,300,000; Williamsburg Trust Co.
Brooklyn, $7,50O,0O0; and First Ma
tional bank of BROOKLYN, $3,50O.Oo0.
The First National bank of Brook
Ign, Williamsburg Trust Co, and In
ternational Trust Co., We're allied in
situations. None of these companies
had any important, business connec-
tion with the larger banks that are
represen tatives of The citv's financial
affairs, y,
On the other hand, number of
favorable features marked the day
The Trust Company of America and
Lincoln Trust Co., the organizations
| that have suffered most from runs,
have been slowly paving out and clos
| ed today !withE.,aH demands having
been met. The Trust Company OF
America run has well nigh spent its
force, as the great bulk of the de-
positors have been paid off. At the
close of business there were a good
many in line at the Lincoln Trust
| Co.. but also there was marked re-
1 duction in the number of anxious
! depositors. @fs ~ Fe.- -.-r. s,-. -.
The most favorable incident of the
day was tTfat the stock exchange was
provided with funds ample to meet
its Immediate necessities by the mon
ey pool headed by J. Pierpont Morg
an, which sent about $13,000,0o0 tt
the exchange during the afternoon.
| The stock market had held rela
Etively firm all day, but when the poo
money was offered in the loan corn
er there was an Immediate upturI
E Of prices and the market CLOSED
| strong at the best prices of the day
As all loans made today hold owe
until Monday, the stock exchang
. situation will not be a factor in tn
problem that the bankers may b
1 called upon to solve tomorrow.
An encouraging feature of the al
ternoon developments was signe
tstatementt by Clark Williams, tn
newly appointed state superintendent
of banking, affirming the solvenc
7 of local institutions.
There was the usual crop of alarm
| list reports afioat during the da,
one to the effect that q large d1
goods house was seriously involves
but this. as well as other rumor
4 proved false.
D Further encouraging development
of the afternoon, the good effect
q which can scarcely be oyerestimate
was the decision arrived at unefficia
" to issue clearing house certificat
probably tomorrow.
There will be full meeting
the Clearing House association tom
row morning at IA o'clock for +
purpose Of taking official action I
the issuance of these certlhsat,