Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-09
ANKS RECEIVE HELP BIG VOTE EXPECTED
Failures to Result From Tomorrow Will Be Chamber of
Carnegie Trust Troubles. Commerce Election Day.
ORGAN TO FURNISH CASH CONTEST AN EXCITING ONE
May Be Had Salts Friends of Both Candidates
Most Depostors. President Confident.
IALL CROWDS IN LINE POLLS TO BE CLOSED EARLY
Made Foreigners Who Plan Of Beginning
Of Confer enoon Will in Saving
of Bankers. MuchT
No Failures to Result From
Carnegie Trust Troubles.
MORGAN TO FURNISH CASH
Assurances It May Be Had Salts
fies Most Depositors.
SMALL CROWDS IN LINE.
Mainly Made Up Of Foreigners Who
Had Not Heard Of Confer
ence of Bankers.

NEW YORK, January 9.-The financial
horizon was decidedly clearer today as
result of conferences held last night TO
provide against any unsettling of the
stability of financial organizations allied
to the Carnegie Trust Company.
Early In the day no word came of any
thing threatening. and the feeling prevail
ed in financial quarters that normal con-
ditions were to be expected One thing
appeared to be plain, namely, that the
trouble Of the Carnegie company and its
allies was purely an isolated condition
and not symptomatic of any widespread
or general trouble in the financial or
banking world.
At the Twelfth Ward Ban&, having head
quarters in Harlem, there was group
of perhaps fifty people in line early in the
day. Some nervousness was manifested
by some Of the depositors, particularly
foreigners, who had not been apprised of
the events Of overnight. but banking off,
Gals took steps to allay this feeling.
Many went away without carrying out
their intention to withdraw funds.
Stock Market Not Affected.
AS an indication of the general feeling
in financial quarters, prices on the stock
eXCQduSe SuOWtu lTdCtIOldl gains III d
majority of stocks, and the market was
moderately active. Some of the leading
stocks showed advances. A similar senti-
ment was shown from other financial GEN.
ters.
There was some excitement at the saw
ings department of the Nineteenth Ward
Bank, at 9th street and Sd avenue. where
there were about 2UO people in line when
the bank opened, and at the branch on
East S6th street. where 400 depositors
were in line. At the 72d street branch
there were about 100 people In line.
The business departments Of the main
bank and the branches were little
more active than usual on Monday MORN
ing, the business people having accounts
there being more confident than the pa
irons Of the savings department.
Entire Absence Of Disorder.
There was not the slightest disorder,
however, at any Of the branches
Inside the S6th street branch the OFF,
GERS were on hand early. and there was
a large amount of cash in sight with
which to pay off the timid depositors
This had a good effect, and many who
had waited in line for some time when
they got inside the building went away
without drawing out their savings.
Frank B. French. president of the
Twelfth Ward Bank. was on hand early
and remained in the lobby of the instl-
tuition interviewing those or the deposit
ors who seemed nervous. Many went
away satisfied after Mr.. French had ex-
planned that the institution had the as
surance Of all the financial aid necessary
by the powerful financial interests of the
city.
Among the depositors at the bank there
were many prominent business men, who
came to make large deposits. There were
also several other smaller sums deposited
by business people in the neighborhood.
Morgan Assures Support.
The conference of bankers at the home
of Paul D. Cravath did not conclude un
til early this morning, and while it was
in progress almost constant telephone
communication was maintained with j. p.
Morgan.
Five directors of the three banks retired
following the conference.
Certain assets of the Nineteenth Ward
and Twelfth Ward banks have, by direc-
ton of Banking Supt Cheney, been re-
placed by money and j. =. Morgan agreed
to give whatever financial assistance was
necessary.
Action by Supt. Cheney, j. p. Morgan
and associate bankers had brought added
stability to the banking situation, it was
generally agreed today.
At the 34th street branch of the Nine
teenth Ward Bank. the numbers OF de-
positors at the bank this morning were
not so great as at the other branches.
There were about 1U in line at the
opening of the bank. most of these being
in the savings department.
Business of Morning Normal.
The deposits in the saith street branch.
according to the officers, were about
normal for Monday morning. None of
the banks is taking advantage of the
sixty-day clause.
The guarantee signed by the Carnegie
Trust directors for the $65O,OU which
the city had on deposit with that insti-
tuition was found today in the private
safe of City Chamberlain Hyde. Mr..
Hyde has been absent from the city for
several weeks and the subpoena servers
of the legislative investigating commit
tee could not locate him.
Charges against Chamberlain Hyde and
asking his removal from office We're filed
;%l, Nov ny