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Condition of Affairs at San Bernardino. OREGON BANKS IN TROUBLE Two Financial Institutions There Close Their Doors-Bad Failure at Corvallis. Special to THE MORNING CALL SAN BERNARDINO, June 19.-The crazy of depositors who drew their money out of rush the Farmers' Exchange Bank last week. causing it to close its doors on Saturday. has some extent infected the depositors of other banks. This morning numerous small depositors were to be seen drawing their cash, to be doubtless stored away in some old stocking. But the banks are fully prepared to meet every demand, and every weak-kneed depositor will get his money when called for. The First National Bank of San Bernardino and the San Bernardino National are well supplied with money. They have been fortifying themselves for some time past and to-day display an unusual amount of gold and currency on their counters. Large depositors are not drawing their and money. and bankers wear a confident smiling appearance this morning. In accounting for this unprecedented run on the Farmers' Exchange Bank, an institution unquestionably sound financially measured by the usual standards of banking. followed as it was by disastrous results, attention has been called to the fact that over $100,000 has been withdrawn the from circulation here by visitors to World's Fair within a few weeks. The Farmers' Exchange Bank and Savings Bank of San Bernardino were practically owned and conducted by the same men. The directors are now preparing a statement of their actual condition, which will be made public to-morrow. One of the directors of the Farmers' Exchange Bank when asked how soon the bank would resume business stated this morning that it was impossible to state the time,owing to the difficulty in realizing on securities in money centers. That the bank will resume is generally believed by those acquainted with its affairs. When the banks opened this morning there was small run of country depositors on the First National Bank, but this of was counterbalanced by the opening accounts with new depositors. By 12 o'clock the bank stood in as good or in a better condition than in the opening hour The run is now practically over, and confidence is renewed in the minds of the public as to the stability of the local institutions. The banks of this city are so well supplied to-day with cash that large sums have been forwarded by them to smaller institutions in the county. One bank has actually on hand $40,000 in excess of any amount that can possibly be drawn out. This is shown by an actual examination of the books. A gentleman of known financial standing, who knows whereof he speaks, states that there are no sounder institutions in this country than the banks of this city, and that the attacks of depositors upon them are wholly senseless and without reason. The suspension continues to be the topic of conversation on the street. Depositors who failed to draw their money are consoled however by the statement of Bank Examiner Gerberding, that the bank has assets of nearly $2 to meet every $1 of its liabilities. This afternoon attachment proceedings were instituted before the Superior Court against the Farmers' Exchange Bank by James Fleming, the petitioner, asking Judge that a receiver be appointed. Campbell appointed George L. Hisom receiver, with bonds fixed at $250,000. The appointment is highly satisfactory to all parties interested, as Hisom is a man of well-known business ability and integrity. The day passed quietly at other banks of the city, with the exception of the slight flurry at the First National in the morning, and it is believed that affairs permanently resumed their normal condition. The Lynn County bank closed its doors this morning. A notice on the door says: "Owing to the stringency in the money market the bank hereby suspends paymen by order of the directors. Depositors will be paid dollar for dollar, with a large surplus.' J.L. Cowan. president of the bank, says the deposits amount to about $150,000, and that the assets will exceed the liabilities by from $80,000 to $100,000. J.A. Crawford, the wealthiest citizen of Albany and one of the directors, says he will personally guarantee every depositor. Among the deposits is $33,000 of the county's money, $17,000 of which had been apportioned to the public schools. No official statement has been made. The branch of the Lynn County bank at Lebanon, this county, also closed its doors. At noon the Bank of Oregon of this city also closed its doors. Cashier Blaine save the assets are 50 per cent more than the liabilities The amount of deposits is small. Both failures were caused by the steady withdrawal of deposits for several weeks. ALBANY, Or., June 19.-No official statement will be made until the bank examiner arrives, but Cashier Archibaid of the Linn County Bank says the liabilities are about $220,000 and the assets $318,000. and that the depositors will be paid in full. The immediate cause of the suspension was the dishonoring of a draft for $16,000 presented by the county treasurer in payment of State taxes. The State Treasurer accepted the draft and gave his receipt therefor, but the draft on being presented to the Salem bank was not honored. The directors then held a meeting and disagreed as to whether they should supply the money required to tide the bank over its present necessity. The majority finally decided to suspend. The assets of the Bank of Oregon are $68,000 and the liabilities|$45,000. The depositors will be paid as soon as the bank can realize on its securities. Merchants offer to take the paper of both the suspended banks at par. The other banks were kept open until 6 o'clock, and paid all demands. A bank at Lebanon owned by Cowan, Ralston & Co. of this city closed at 10:30. It had deposits of $27,000. Its
