The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-10-25

New York, Oct. pa much cooler
tone was apparent in the business
district this morning. The success of
relief measures undertaken yesterday
by ]. p. Morgan, John d. Rockefeller
and other prominent financiers toge-
ther with the promptness with which
the officials of the Trust Company of
America met the run of depositors,
gave great encouragement to bankers
and business mel generally that no
further trouble was to be feared
A pool of twenty-four million !ol-
lars made up by pool headed by J.
p. Morgan, which went into the stock
market yesterday afternoon is believ-
ed to have given permanent relief to
brokers in need of funds to carry
stock Bought and sold ON margins for
customers.
In an address at a dinner last night
Secretary Cortelyou referred to the
financial situation: I'VE are having
a trying experience, but with all en-
barrassments l feel my faith in the
general stability of business strength
ened by the examples l have seen of
high courage and splendid devotion
to the public shown by many men of
great influence in the commercial and
and industrial affairs of this city. The
weak places have been fortified, but
what is better those of evil influences
have been scourged from their posi-
tions, and the determination to carry
this work forward will have a far
reaching influence in restoring the
public confidence"
The announcement was made this
morning that the United States Ex
change Bank, a small institution in
Harlem, would not open for business
today. The bank mas little more than
s500.0OO on deposit, and it's suspen-
sion was evidently without effect on
the general situation.
There were lines of depositors
waiting this morning at daylight in
front of the Trust Company of Amer
lea. The line was maintained all night
ald a woman declined to leave her
place, even when the men behind her
promised to restore the place to her
in the morning.
The International Trust Company,
one of the small and inconspicuous
companies, closed its doors at 10:40
This company had business connec-
tions with the Borough Bank of Brook
lyn when suspended today. The
Brooklyn Bank at Fulton and Clanton
street did not open today. 1t has cap
ital stock of 100000 and owes about
one million five hundred thousand
dollars.
The Borough Bank of Brooklyn, a
state institution with capital of $780, |
900 and deposits of about three mill
ions did not open for business today. |
Its business was not very large, and
no prominent financiers were connect |
ed with it. One of its principal con-
nections was the Knickerboeker Trust !
company.
The Lincoln Trust Company resum- !
ed payment to depositors today as
usual.
Big Failure at Providence.
Providence, R. l., Oct. 25--The
Union Trust Company, on which there
was run yesterday. did not open
for business today. At nine O'Clock, |
the usual hour of opening, the follow
ing notice was posted: This bank |
will not open today. owing to the
stringency of the money market"
There were several hundred people |
in line who wished to get their money |
According to the statement issued /
June 2sth last, this bank had re-
sources aggregating $2s.23s. 1886. The
liabilities included besides $500. 900 |
capital stock a surplus of s2.250. 900 |
and deposits of $25,445. .625.
East Greenwich, R. l.. Oct. 25.-The |
East Greenwich branch of the Union
Trust Company of Providence. did
not open this morning. A notice was
posted saying the bank was closed for |
the protection of depositors.
Ceatral Falls. r. l.. Oct 25.-The |
Central Falls branch OF the Union
Trust Company closed today after a
run started. It is the only bank in the |
city and the depositors are mainly |