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Able to Satisfy All Demands. BROOKLYN, N. Y., July 3.-There was a light run on the Williamsburg Savings Bank at 10 o'clock this morning. Nearly 1,000 persons crowded to get into the bank as it opened, and until noon hundreds of anxious inquirito were made. Gen. A. V. Meserole, president of the bank, said: "We are prepared for any demands that can be made and are willing and anxious to meet them."
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THEMONETARY STRINGENCY Hard Lines in IndianapolisBank Trouble. INDIANAPOLIS, Ind., July 3.-As a result of the continued stringency in the money market, nearly 5,000 men employed in various manufacturing industries in this city are out of work Nearly every factory in the city is discharging some of its men, and many of them say that they are collecting barely enough money to keep up their pavroils. BROOKLYN, July 3. - There was a slight run on the Williamsburg Savings Bank at 10 o'clock this morning. Nearly 10,000 persons crowded to get into the bank. In most cases the inquirers went away satisfied.
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DEPOSITORS ALARMED. But the Willlamsburgh Savings Bank Meets the Run, and Is Ready for Another. The false rumortouching the financialstanding of the Williamsburgh Savings Rank circulated on Faturday. and which caused about one hundred depositors to withdraw their savings. was followed iy another run on the bank yesterdar. everal hundred depositors crowded around the doors. and. when the bank was opened. made a rush to withdraw their money. They were m stly Hebrews and Germans. women pr-dominating an before noon all of them were served. After that time the business of the bank went on as usual until 3 P. M., when the ank closed until 4 o'clock. a d reopened until 7 P.M. when it closed for the day. I order to provide for the rush which was expected. six wi dows were opened instead ( Las r. and the entire force of officials and clerks was pl ced on du y. Gen. Meserole. the President of the bank. said last evening that th. bank's surplus of -5,000,000, was vailabl at all times. "As a matte of fact." he added. 0.8 money was withdrawn on S. ur ay than on the simi ar days. July 1. of the two preceding years. Ju y 1891. there being 401,000 withdrawn. and on July 1. 1892. $430,000 was withdrawn. while on Sat rday only $256,000 was taken out. We do not anticipate any further rush, but if it comes we are prepared for it."
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BANK FAILURE. The Albuquerqne National Temporarily Suspends Business. ALBUQUERQUE (N. M.), July 3.-The following note was posted on the door of the Albuquerque National Bank this morning: The Albuquerque National Bank is compelled temporarily to suspend business. This is brought about by the unusual demands of depositors since the suspension of the California banks about ten days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped that we can soon resuine business and that every creditor will be paid in full, as the assets greatly exceed the liabilities. JOHN A. LEE, Vice-President. The suspension will cause no loss to depositors, as the bank has a surplus of $40,000. Other banks are exceptionally strong, and have large cash reserves. Full confidence is expressed by citizens, and no runs whatever are being made. The liabilities of the Albuquerque National Bank are $270,000, and the assets $420,000. The New Mexico Savings Bank and Trust Company is also closed, but they say the depositors will be paid in full. RESUMING BUSINESS. WASHINGTON, July 3. - Comptroller Eckels is advised that the First National Bank at San Diego, Cal., which failed one month ago, will resume business Wednesday, having complied with the conditions imposed by the Comptroller. It is probable, also, that the failed Washington National Bank of Spokane, Wash., will resume business in ten days. A RUN AT LEADVILLE. LEADVILLE (Col.), July 3.-A run was made on the California, Carbondale and American Banks to-day, but all demands of depositors were promptly met with cash, and at the closing hour the run had ceased. The American National Bank closed its doors this morning, but the directors say the depositors will be paid in full. The statement shows the resources to be $536,134 and the liabilities $347,625. RUN ON A BROOKLYN BANK. BROOKLYN, July 3.-There was a slight run on the Williamsburg Savings Bank this morning. Nearly 1,000 persons crowded into the bank as it opened, and until noon, anxious inquiries made show the proportion of those withdrawing deposits as to five to one of those depositing. General A. V. Meserole, President of the bank, said: "We paid out $230,000 on Saturday and took in $140,000, mostly from new depositors. We are doing business fast, and preparing for a run should it come." HAS PLENTY OF FUNDS. Cisco (Tex.), July 3.-The doors of the National Bank of Cisco were closed by the Inspector to-day, while the inspections of the bank's condition are being made, to prevent a run. The Cashier stated that the bank had two and a half dollars for every dollar of liabilities. DECLARED INSOLVENT. WINNIPEG (Man.), July 3.-The Commercial Bank of Manitoba has been declared insolvent and liquidators appointed to wind up its business. Bills of the bank are as good as gold under the Dominion law.
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A Run on a Savings Bank. Brooklyn, N. Y., July 3.-There was a slight run on the Williamsburg Savings bank at 10 o'clock this morning. Nearly 1000 persons crowded to get into the bank as it opened and until noon, hundreds of anxious inquiries were made. In most cases the inquirers went away satisfied. The proportion of those withdrawing their ing. deposits was five to one of those deposit-
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BUSINESS REVERSES. Many Banks Unable to Withstand the Pressure. ALBUQUERQUE, N. M., July 3.-The following notice was posted on the door of the Albuquerque National Bank this morning: "The Albuquerque National Bank is compelled temporarily to suspend business. This is brought about by the unusual demands of depositors since the suspension of California banks about ten days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped that we can soon resume business and that every creditor will be paid in full, as the assets greatly exceed the liabilities. "JOHN A. LEE, Vice-President." The suspension will cause no loss to depositors, as the bank has a surplus of $40,000. The other local banks are exceptionally strong and have a large cash reserve. Full confidence is expressed by citizens in their soundness and no runs whatever are being made. The liabilities of the Albuquerque National are $275,000 and the assets $420,000. The New Mexico Savings Bank and Trust Company also closed to-day. Its officers say the depositors will be paid in full. LEADVILLE, Colo., July 3.-A run was made on the California, Carbondale and American banks to-day, but all the demands of depositors were promptly met, and at the closing hour the run had ceased. The American National Bank closed its doors this morning, but the directors say the depositors will be paid in full. The bank's statement shows resources amounting to $3,536,134 and liabilities of $342,625. GOLDEN, Colo., July 3.-The Jefferson County Bank failed this morning. There is DO statement of assets or liabilities. The total liabilities are $76,538 and the assets $111,380. The officers are confident that every cent will be paid. CINCINNATI, Ohio, July 3.-Freiberg Bros.. liquor-dealers, have failed; liabilities, $200,000; assets, same. BROOKLYN, July 3.-There was a run on the Williamsburg Savings Bank this morning. Nearly 1000 persons crowded into the bank as it opened, and until noon anxious inquiries were made. The proportion. of those with drawing deposits was as five to one of those depositing. General A. V. Meserole, president of the bank. said: "We paid out $230,000 on Saturday and took in $140,000. mostly from the depositors. We are doing business fast, and are prepared for a run, should it come." CHICAGO, July 3.-A. G. Postlethwalte filed a bill to-day for a receiver for the Illinois Fuel Company of Sangamon County, which confessed judgment some days ago for $70,000. The complainant is holder of the company's stock. He claims that the officers put all his investment in the company and have mismanaged its affairs. He claims the company owes him $42,000 money loaned. WINNIPEG, July 3.-The Commercial
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Telegraphic Small Talk. The Albuqueruque (N. M.) National Bank sus. pended yesterday. The Bullionville Reduction-Works. Pioche, Nev., were burned Sunday. Loss, over $100,000: insurance. $50,000. The Jefferson county bank, Golden, Col. made an assignment vesterday. Total liabilities, $76,538; assets. $111,380. Freiburg Brothers. one of the largest wholesale liquor firms in Cincinnati. failed at noon yesterday for $200,000. Cause, stringency of the money market. The American National Bank. Leadville, Col., failed to open its doors yesterday morning. No statement of assets and liabilities yet. The probabilities are that the bank will re. sume. Secretary Herbert yesterday appointed Lieutenant Singer Chief of the Bureau of Naval In. telligence in the place of Commander Chad wick. who was detached and ordered as Chief of the Bureau of Equipment. III is reported that a futile attempt was made to wreck the train of the Czarewitch near Dunaburg. Government of Vitebak, Russia, while be was on his way to London to attend the royal wedding. No particulars. Admiral Erben, who is now at Queenstown, Ireland, in command of the American warship Chicago, has accepted an invitation from the Mayor of Cork to visit the agricultural show in that city and to meet Lord Houghton, the Irish Viceroy. Secretary Carlisle and Mrs. Carlisle and their SOD. Logan Carlisle, were to leave Washington this morning for Chicago, Secretary Carlisle to be absent two weeks, during which time Assistant-Secretary Hamlin will act as Secretary of the Treasury. There was a slight run on the Williamsburg (Brooklyn, N. Y.) Savings Bank at 10 o'clock yesterday morning. Nearly 1,000 persons crowded to get into the bank as it opened. and until noon hundreds of anxious inquiries were made, but in most cases the inquirers went away satisfied. Mr. McAdoo, Assistant Secretary of the Navy. left Washington yesterday for a month's leave of absence. He stopped in Philadelphia, where he delivered an address at the pic-nic and annual games of the Ancient Order of Hibernians and will go to Newark, N. J., to-day and deliver an oration there. Robert Breckinridge, son of Congressmen W. P. Breckinridge, and Edward Simms, of Paris, Ky., whose father is the wealthiest man in Bourbon county. Ky., met in a personal encounter Saturday ou Broadway. Lexington, Kv., the result of which was the severe wounding of young Breckinridge and & visit to the stationhouse by the young men. The fighters made up at the station and were release on ball. Replying to a question asked in the British House of Commons yesterday by Mr. John Redmond. Mr. Gladstone intimated that It was the intention of the government to appoint a joint commission to inquire into the financial relations between Great Britain and Ireland. Mr. Gladstone added that the sittings of the commission would not begin until the excitement in connection with the passage of the home-rule bill had subsided.
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RUN ON A BANK. Nearly 1,000 Persons Crowd Into the Williamsburg Savings Bank. BROOKLYN, July 3.-There was a slight run on the Williamsburg Savings bank this morning. Nearly 1,000 persons were crowded into the bank as it opened and until noon anxious inquiries were made. The proportion of those withdrawing deposits were 08 five to one of those depositing. General A. V. Meserole, president of the bank said "We paid out $230,000 on Saturday and took in $140,000, mostly from new depositors. We are
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NO RUNS LIKELY IN KINGS COUNTY. A Few of the Savings Banks Adopting the Time Limit as 18 Precaution. The action of the representatives of the savings banks on Friday in deciding that each bank might avail itself of the privitege of putting the thirty and sixty days' time limit regarding the withdrawal of deposits in operation did not create much stir among the depositors in the Brooklyn banks. A few of the banks took advantage of the privilege. and some of the others will probably do so next week. All the banks are said to be solid financiaily. and there is no indication of any alarmingly panicky feeling among the depositors. A few minutes after the Dime Savings Bank opened its doors depositors began to come in in a steady stream. anxious to withdraw their deposits. After a consultation between President G. S. Hutchinson and the other officers of the bank it was announced that the time limit notice for amounts in excess of $100 would be enforced. Cashier Hunter said: "No person need be alarmed. This is more a matter of precaution than anything else. The bank is as good as it ever was." The order caused only irritation on the part of three or four depositors. and during the day about the same amount of money as usual was taken in. Almost the same condition of affairs existed at the South Brooklyn Savings Bank. where the sixty days' limit clause regarding the withdrawal of deposits was also enforced. The only grumbling was on the part of some depositors who wanted ready money to pay off pressing demands. Treasurer Anderson seld: "It is extremely unpleasant for the bank authorities to adopt this course, but it has become extremely diffleult to get money. and as a precautionary measure the banks must harbor their ready cash." At the Brooklyn Savings Bank, the Germania Savings Bank. the City Savings Bank. and the Brevoort Savings Bank money was being paid out as usual. and at each it was said that more money was taken in than was paid out. There was a slight run at the Brooklyn Bank in the morning. but it did not disturb the officers in the least. The sixty days' notice will go into effect at the East Brooklyn Savings Bank to-morrow. At the Williamsburgh Savings Bank. Driggs avenue and Broadway, severallhundred depositors withcrew their savings yesterday. The bank is one of the most solid institutions in the country. and has a surplus of more than $5,000,000. Gen. Meserole, the President of the bank. declined to say whether or not his Institution would takeladvantage of the thirty day and sixty day rule. Every depositor who comes here is being accommodated." was all that Gen. Meserole would say. The trustees of the Kings County Savings Bank. at Broadway and Bedford avenue, had an informal meeting yesterday morning. and afterward said that they had not yet received a communication from the Executive Committee of the Savings Banks of the State, and. therefore, could not speak on the subject. Cashier Bischoff of the German Savings Bank. Broadway and Boerum street. said the deposits during the last few days exceeded the withdrawals. and that his bank would pay no attention to the thirty or sixty day rule.
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A LITTLE EXCITEMENT IN BROOKLYN, SCENES ABOUT THE VARIOUS INSTITUTIONS-RE ASSURING WORDS OF THE OFFICERS. There was a little excitement among the depositors in several of the savings banks in Brooklyn over the enforcement of the time rule regarding the withdrawal of large sums. All save the smaller banks put up notices requiring from thirty to ninety days' notice to secure amounts over 850 or $100. Most of the banks paid out less sums than $50, but some would not pay over $10 unless exceptional need of the money was shown. Almost the only humorous incident of the day occurred at the South Brooklyn Savings Institution. There was a long line at the paying teller's window when a man in a nervous manner asked: Are you ready to pay me my money?' "That depends on how much you want," was the reply. "I want it all," he said. "if you haven't got it, and if 1 am sure you have got it, I don't want any." There was a laugh among the other depositors and he was assured that the bank had the money and he went away without it. The directors of the bank issued a notice to all depositors to quiet any alarm they might feel over the safety of their deposits. In It they said: There should not be any anxiety on your part concerning the safety of your deposits. Our report to the banking department of this State, rendered up to July 1. 1893, shows that our assets were $14,114,283 85 due depositors, $12,304,327 15; surplus, $1,809,956.70. You will therefore perceive that there was a reserve fund of over $1,000,000 to protect you against the possibility of loss. We are required by law to keep invested at least 90 per cent of our deposits and surplus in the very best class of securities that can be had, as a means of obtaining revenue from which to pay interest, and this income has enabled us to pay you each year 4 per cent on your deposits, and there is no reason why we should not continue to do so if they are not unduly discurbed. Finding. however, that some of our depositors were quietly withdrawing (their funds in much larger volume than heretofore- evidently the result of needless alarm-the trustees, with the desire of seeing that all are placed on an equal footing and as a precautionary measure have decided to require from depositors intending to withdraw their funds, the notice which is printed on the last page of each of your bank deposit books. The officers are authorized to pay from time to time to depositors whose necessities require such accommodation moderate amounts without requiring notice. There was at no time any large number of people at the South Brooklyn Bank. The depositors who showed their need of money got all they wanted. but those who evidently were seeking to get their money because of fears for 1ts safety went away empty handed. Only a few gave the requisite notice of withdrawal. At the Brooklyn Savings Bank the decision of Saturday not to require notice for the withdrawal of large amounts was reversed, and the rule was posted after President Morgan, who had returned from his vacation trip, conferred with his fellow directors. Money was paid out in small sums to all who sought it, but the number of those who made deposits was nearly as great as the number who drew out funds. There was a considerable crush of people when the doors of the Dime Savings Bank of Brooklyn were thrown open, and a long line of men and women stood in front of the window of the paying-teller. Ex-Mayor Hunter. long the treasurer of this bank, said that the scare was senseless and unreasonable, and the enforcement of the time rule would benefit the depositors and protect the banks until people recovered their confidence. There was more excitement about the WHillamsburg Savings Bank than anywhere else in the city, owing to the large number of depositors and the fact that many of them are ignorant foreigners. Nearly 500 men and women were outside the doors before the bank had opened, and all day there was a throng. No one was allowed to draw more than $10 or