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"Ther isn't any doubt but that everything will be all right in a short time," said W. N. McGill, director of the Bank of Ely to The News last night. "We have got to get money in to do business on, that is all." "The fact that New York and all large cities and towns between New York and San Francisco have suspended specie payments," said Senator H. A. Comins, "causes us to believe that it is advisable to follow suit." "The situation is simply this," said Arthur B. Witcher. cashier of the First National Bank of Ely. "Salt Lake and New York refuse to ship us the money we have on deposit with them. Until they do it, it is plain we can't pay it out." The following joint statement was given to The News by the banks last night: "We are doing what New York, Salt Lake, Denver and the rest of the large cities have done. We will soon get things adjusted. Not one of our depositors will lose a cent or be seriously inconvenienced."
