Arizona republican., 1921-03-25

they entered the doors. As on the previous dav t,,. or,,,-.,. We're the greatest at the Phoenix Na tioiiaI and the Phoenix Savings Bank iu trust company, and in the course oA the morning considerable money was ,la... out But the demand for de- posits decreased during the fora,r,1s, until early noon nervous danosif,,,s appeared only at long intervals ssor,. 1 coming at that hour when inc banLs are emptying for noon, stopped af tba S", anu seeing no crowds, but not lcihs the tellers at their windows ready TOT the transaction of business turned ana ana went away. The run had passed into the financial history of Phoeni~ | where It will stand as more or less humorous page
 Wagon Load of Money
 The Phoenix National was nrenar.a TOT any kind of a run that could nos ! sioiy nave been organized lis casJ, nt | sne oay before would have been suf | Ilicieht 10 withstand several more mild outbreaks But early in the rnornin~ truck of the express cofnpanv ,,as | packed up to the banks and three heavy iron bound chests were tai-en out They were filled with cash fro-v, ene coast. Their contents were esti- 1 mated at from s1 00O, 900 to s2 0on mo The real figure was proba bIy abo,,. midway between these guesses
 But what was more encouraging ina, | money was the following night letter rom tne Los Angeles Clearing House 1 10 the Phoenix Clearing House asso- ciation:
 Los Angeles, CaIif,
 March g, 1921
 President, Clearing House.
 Phoenix, Arizona.
 Humors are current here that
 unnecessary uneasiness exists on
 .ne part of some of the depositors
 od certain Phoenix banks. Tho
 Phoenix banks are carino for the
 needs of the community and are really m exceptionally qood condi ton. The uneasiness esistinu in Phoenix as to the condition of if.
 banks is' m the final analysis, cer- tainly unwarranted. The O, An geies Clearing House now is lend
 ing and Will continue to lend It's
 support to these banks as well a.
 to the entire valley in the handling
 or its cotton problems. In times of
 excitement foolish things are often
 done and regretted within fe,.
 hours. Timidity and fear on the II part of Phoenix depositors are uo 1 warranted and can only result in
 injury to the business interest not
 only of the valley but of the de.
 positors themselves
 "J. E. FisH6URN,
 "Vice President
 Los Nngeies Clearing House.s
 A little later the following telegram was received from the president of the Los Angeles Clearing House: Los Angeles, CaIif March 24, 1921 Phoenix Clearing House Assn.
 "Phoenix, Arizona.
 , Los Angeles Clearing House asso c'atioh oesires to assure you that it
 will CO., operate with you in render f ing any necessary assistance should
 occasion arrive.
 3 LOS ANGELES CLEARING e HOUSE, ASSN r By A. J. Waters, President" : Vice President William W. Woods T of the First National bank of Los An l geles who is in the city, after an ob- servation of the situation gave out the r following statement:
 Solvency Unquestoned The solvency of your banks in Phoe- nix today is unquestioned by those f who are informed upon the subject; r their resources are ample and fn condi- f tfon to carry them successfully through any period of stress that may be en- o countered
 Their several managements have at p all times conducted their banks so as to r perform the greatest service in the up-  = servative and recognized lines and in f that they have received the support O. # their neighbor banks in the larger cities fl and they will continue to receive this e support as evidenced by the action of if the Los Angeles Clearing House asso- h citation today, agreeing to stand with - their several corresponding banks here e in event the necessity should arrise.-
 No More Wild Rur1ors IT Other evidence Of the return to nor = nal was the fact that the day passed t without any Of the wild rumors which l. had disturbed the air every day since ii last Monday. There were no more un- [. founded reports of bank suspensions or banks in distress. et No information was available yet re- $ garding the affairs of the Central bank, T but the state department and a com 1t mittee of the depositors are engaged in d getting at the underlying facts k FRISCO BATTGER DROPS HANNA FL PASO. Texas March 24-'Kid' e Savage Of San Francisco won by s I. knockout over Truck Hanna army O !heavyw eight in the fourth rol,.ed of a scheduled 15-round bout here tonight.