The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-10-28
hONEyED MEN
ARE NF|DENT
THAT TIE MONEY STRlNGENCY
WILL NOT LAST LONG.
NO DANCER OF ANY PANIC.
Reports from Various Cities are to the
Effect that the General Pros
perty OF the Country Viii
Not be Affected.

Pittsburg, Oct 2S.--The financial
situation in Pittsburg. notwithstanding
number Of surprising occurrences
during the past few days, is viewed op-
timistically by men prominent in
financial and business circles.
That conditions here have quickly
righted themselves owing to the adj
mirable confidence of the people in
the financial Institutions and that af-
fairs are progressing normally, are the
expressions contained-in statements
Issued by the Pittsburg chamber of
commerce, P!ttsburg Clearing House
association and individual bankers and
business men.
Baltimore, Oct. 2S.-Recent events
in financial circles in New York have
been without considerable effect here
Money has been tight locally for some
time and few who have acquired
cash during the past week have. to OBJ
tain II, been forced to sacrifice first
class securities, but these cases have
been few. Local banking institutions
are In excellent shape and Baltimore
linanciers appear 10 believe that con.
ditions in New York have passed the
worst stage and viii now steadily I'M
prove.
Denver, Oct 2S.--Financiers OF Den
yer express the utmost confidence that
all danger OF serious results from the
money stringency in New York Is now
passed and that conditions will right
themselves rapidly. Charles b..
Kountze, president of the Colorado
national bank and of the Denver Clear.
ing House association, said last ngiht
hat the recent trouble in financial cir.
cles of New York had had no appreci.
able effect on the business affairs of
Colorado and that no trouble was
feared at any time. Bankers and bust.
ness men of Denver generally seem
confident that the likelihood OF a
panic IL over.
Detroit, Oct 2S.-The financial trou,
bles which beset New York banks and
trust companies last week were prac-
tically without effect on local banking
institutions. In fact the weekly clear
ing house statement shows a gain of
over Sl00,0 600 on savings deposits dur
ing the week. Here and there timor-
Gus aepositor withdrew an account,
but there were not enough unusual
Withdrawals 10 be noticeable Bank
ers here do not anticipate any trouble.
Salt Lake City, Oct. 2S.-Bankers
and business men here enter the pres
ent week with no fear of local finan-
cial disturbances. Each bank in Salt
Lake doubled its reserve with the first
uneasiness In the money situation sew
eral months ago. There has been no
unusual draw.lg Of deposits and no
hesitation about intrusting money to
the banks.
Oakland, Cal. Oct. 2S-"T have no
fear OF a surlous widespread financial
disturbance said Frank. A. Leach, di-
rector Of the mint. The trouble is
that oyerpromotioa and overcapitafiz-
alton have caused some distrust
among the people. There Is plenty of
cash in the country. The western
banks are in good shape. and the situ
alton on the Pacific coast is favorable.
II there is a tightness in local money
markets 1t Is due to an abundance of
precaution which the California bank
ers are displaying"