Omaha daily bee., 1908-01-26
Cashiers Checks Are Known Only as
MementOes of FURRY.
BOND BUYING is NOW RESUMED
One Depositor Places Eleven Thou
sand Dollars to His Credit.
MONEY HE AND WIFE SLEPT ON
Old Couple Sell sarpy County Land
and Take Proceeds in Cur
rency TO an Omaha
BANK.

AZ result or renewed confidence in the
banks OF the west. deposits are pouring
in and It is anticipated the next state
ment of the national banks will be strong
unless IT is called late in March, when
there is large demand for money and de-
posits are unusually low.
Savings banks have resumed the buying
of bonds, suspended for moro than sixty
days as a result Of tho panic and the large
number Of notices Of depostors who desired
to withdraw accounts after sixty days. The
amounts withdrawn from Omaha banks
will never be known, so well have bankers
guarded the information, but in some of
the banks It is known that 20 per cent OF
the deposits were withdrawn in early No
vember. With the savings banks the secret
is even more Jealousy guarded. Il is sup
posed that 25 to 35 per cent OF the deposits
were withdrawn.
But the daily statements to cashiers
made Saturday showed a steady increase.
At the savings banks the number OF de-
positors was the same before the So
called panic. The deposits were creeping
up at rate which will place them at a
point almost normal before the next state
ment.
Christmas sweIicd Demands.
President ]. +. Flack OF the City Savings
bank said:
Most of the money withdrawn was
needed for the necessities of the time
Christmas time. Few closed accounts and
the number of new customers has far over
balanced those who quit doing business at
the banks.
1--WE have resumed the buying of bonds
.(and he held up 5000 of Washington
county, Neb., bonds which had just been
received). have placed orders for $4,000
of eastern bonds today. and shall continue
to order those which we need and feel con-
fident of our position in resuniing at this
time. Business is now normal. AS CONF
pared with last year I can see no differ
ence. Tho savings bank is naturally the
first bank to receive the notices of with
drawal as many accounts are small, but
the percentage of deposits actually withs
drawn was small and the money Is COM
ing back with some new business"
Officers of the national banks tell the
same story. The teapot savings bank Is
not getting along half as well as the banks
which never advertise. Some very large
sums withdrawn arc being taken back TO
the hanks. These amounts ranged in inn
portancc to tho bank from s1oO TO $4,000.
One 81 600 account was Withdrawn and the
amount is supposed to have been boarded
or ma IN a cellar. II mas returned ana 10
subject to the check Of tho depositor.
Cashiers Checks Oddities.
Cashiers checks arc at a premium. Three
of the banks have closed their accounts
with the Clearing house and the books
kept by the bank to account for the CASH
ers checks. Two Of the Omaha institutions
still have a small amount out. During tho
last of December one bank sent a large
amount OF checks with currency to
Wyoming to make up the payrols of sew
eral large mining companies These checks
have been slow to return. but so far as
known no one is conspcuously boarding
cashiers checks, and they are practically
out of existence, scarce as the rarer
pieces of the numlsmatic
One Of the bankers relates n little Incl
dent that transplred under his observation
the other day which fits into the story
of good times. An old man and his wife
from Sarpy county came to the bank one
day with $l1.5OO i'm currency and placed 1t
on deposit The money was the proceeds OF
Sarpy county land sale they had made.
But they didn't take tho money to the
bank as soon as they received il. Rather.
they placed It in their shack and slept on
It Of nights This became too trying on
their nerves. this bed of money. so they
trudged into Omaha burdened under their
S11 800 load one day and turned It into the
stream OF currency flowing back to the
YEe