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stop?" A run was Immediately started on all the other banks, though to no great extent upon the People's National The National appears to be the soundest of all, they having over 60 per cent. of their deposits on hand, with a private fund of $1,500,000 in addition to draw upon making it impossible to close their doors. The Colorado National and several others are in equally PS good condition. The mob withdrawing their money are all small depositors, the large holders being satisfied to let the accounts remain in the bank. The banks are paying all demands, except on time certificates, they demanding that these remain until the expiration of time. As every bank is crowded, the clearing house is rendering no assistance, each institution being compelled to stand upon its own foundation. The Commercial National Bank closed its doors within a few minutes after the opening, because it was apparent from the size of the crowd in front of the bank that a run was to be inaugurated. A notice was posted on the door: "Closed for liquidation by order of the directors." The bank was in bad shape. It had a capital stock of $250,000 and only had $2,000 in cash in the bank. The Mercantile Bank, a private institution, with a capital stock of $100,000. closed its doors at noon. The failure was caused by the failure of the Union National Bank, through which it cleared. C. C. Girda, the city auditor, is prestdent. W. F. Robinson, formerly treasurer of the Republic Publishing Company, one of the oldest and most respected individuals in the State, has been made assignee. The News in Washington. WASHINGTON, July 18.-The news of the Denver Bank crash caused some surprise at the Comptroller's office, for it was believed there that the worst was over, and that national banking matters would soon resume their normal condition. The gold reserve took another downward tumble to-day, from $98,059,480 yesterday, to $98,672,852. The currency balance to-day was $26,118,160, against $26,117,918 yesterday. Other Failures. FORT SCOTT. KAN., July 18.-The First National Bank of this city, the oldest financial institution in Southeastern Kansas, has suspended payment. TOLEDO, O., July 18.-The Citizens' Bank of Ada, the most prominent one in Hardin county, failed to open its doors this morning. Its owner. Peter F. Ahlfield. has controlled it over a quarter of a century, and is one of the wealthiest men in that section. What Raleigh Citizens Think. RALEIGH, N. C., July 18.-The chamber of commerce of Raleigh, at a meeting held to-night, adopted the following resolutions: Resolved That in the opinion of this chamber, national banks should be permitted to take out circulation on deposit of good State bonds and on United States bonds to their par value, and the five per cent. redemption funds should be abolished and the tax on their circulation repealed. Resolved further, That the tax on State bank notes should be repealed. Resolved. further, That upon the adoption of such legislation as will provide adequate facilities for the increase of currency, we recommend a suspension of the law authorizing the purchase of silver bullion until such time as an international or new ratio may be established between gold and silver. Silver Coinage in India. LONDON July 18.-In the House of Commons to-day, Gladstone, in replying to questions asked upon the subject, denied that there was artificial restriction of coinage of silver in India. The Austrian system. he said, was analagous to the new Indian system of coinage. The quantity of silver coined in India would not be regulated by the convenience of the Government, but by the wants of the country.
