The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-29
SCARE IS OVER.
CONTINUED nom Pag. one.>


This has not reached serious proper
lions. however, owing to the issuance
of clearing house certificates and the
action of all the banking institutions
making checks payable through the
clearing house.
Five Holidays Proclaimed.
Portland, Ore, Oct 29-At the re-
quest of the Portland Clearing House
association, Governor Geo. E. Chamber
lain last night declared the next five
| DAYS in his state a legal holiday in
! order to prevent a money famine in
| this state. The banks of this city are
absolutely sound and there has been
/, no run on any of them, nor has one
| been threatened.
Cashier Shoots Himself.
Akron, O., Oct. 29.-The Dollar Saw
| ings bank has been closed by order of
| the directors until after the funeral of
Fred A. Baron, its cashier who shot
investigation of his accounts is going
on and movement is also on foot to
have the other banks of the city take
this institution over According to
members of the directorate a deficit of
$25, 900 has been discovered. The go day
notice is enforced on all savings ac-
counts in the banks of the city.
Discount Rate Advanced.
Berlin, Oct. 29.-The discount rate of
the Imperial Bank of Germany was
raised today from 51a to 615 per cent.
1t is significant of the changed situa
ton in the market here that the ad-
vance var SaH was full per cent
raising the rate half per cent. The
change is directly due to New York's
demand for gold, which it is feared here
will lead to gold exports from Germany.
The exchange rates of all the leading
countries are now above the gold point.
The market had expected the German
bank to await the Bank of England's
action. but yesterdays gold engage
ments in London for New York appar-
emily rendered immediate action here
necessary.
Gold Engaged, $1s.75O, 900.
New York, Oct. 29.-Late yesterday
afternoon the National City bank an
nounced that it had engaged 81, ESQ. 900
in gold for importation in addition to
it's 100000 already announced, maxi
ing a total of s7.25o, 900 for that institu-
ton and an aggregate of s1S.75O,000 by
the various banking institutions of the
city on this movement.
How Plan Worked.
Kansas City, Mo-, Oct. 29.-The decis- |
ion of the banks not to pay cash in |
large amounts over their counters |
caused very little embarrassment Mon |
day Business went on very much as |
usual and the closing of the doors of |
the Bankers Trust company was only |
an incident that did not disturb bust |
ness anywhere.
So far as the Bankers Trust company
was concerned it was already liuuidat- |
ing as fast as it could, and when the
bankers met Sunday TO decide on their |
policy to hold the money that belongs |
here in Kansas City the other bankers
decided not to include the Bankers
Trust company in their list. That set
tied its fate, and when the banks open
ed Monday every bank in the city knew
The Bankers Trust company would not
last through the morning.
The Bank of Commerce was busy,
possibly a little more than usual be-
cause the new system required consid-
=raple explanation, but DR.. w. S. Woods
said there was no more business than
is usual on Monday.
I'VE are just keeping the money at
home as we ought to- he said. No
body is going to suffer. Some people
may learn economy but it will do them
good"
At the Fidelity Trust company one
Of the rich depositors dropped in to
1raw money for personal expenses. He
meg H. c. Brent who told him $50 was
I'll he could get.
What good will $40 do me?" the de-
oositor asked.
TT will do you a whole lot of good.
It'll teach you how much you can get
,ut of 500
All the bankers said they would fur
lish money for payrolls and cash pay
oil checks. They are furnishing money
ourneys and taking care generally of
III reasonable demands for cash. but
urnins down demands for large
mounts of money by giving certified .
hecks.
There are a good many millions of
dollars locked up in the banks in Kan
as City and the bankers say they will {
ee that enough stays here to handle {
ne business of this city until matters /
re In better shape in the east. i
The Bankers Trust Co. t
Kansas City. Mo-, Oct 2e-John s
'arks, vice president of the Bankers 3
rust company, said soon after the {
allure: 1--WE were liquidating and get !
Ing out, anyhow. I had very small i
interest in the bank myself but was l
we had not been crowded we would
ave been out in pretty good shape Il
ut as it is we can liquidate and pay y
IL depositors There may be some !
)Ss to stockholders" [
'Is it true that ]. E. Brady and the t
Oncerns he was connected with owed a
MS bank s1OO,OO0?" u
No. Mr.. Brady went out as
his month. He had owed the bank, c
ut protected it thoroughly. 1 don't Il
mink we will lose anything on account g
Mr.. Brady. We had exchange p
nat we should have realized on, but c
id not in time. The depositors need p
eel no uneasiness because the assets o
re good
The company's last statement show q
/ cash $114,57S. deposits $79S,245.
No Danger at Portland Fl
Portland, Ore, Oct. 29.-Following
Governor Chamberlain proclamation Il
sued last night. declaring a five days C
gal holiday in this state until No Il
EN- Der 3rd. came a feeling of security W
n the part of the bankers of this city. t,
here was no undue excitement on D
he part of the people. The expediency a
f the governors actions is gen. a
rally realized and the feeling of "
ptimism as to the safety of the tt