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THE EFFECT ELSEWHERE. the AT CHICAGO, ILL. 27.-As September continued to an hour clearing-house CHICAGO, this meeting morning the to vote. suspended early banks were handed in a the president Coolbaugh signed by Union permitted communication national Mr. and to the directors public of that the they would as hold inbank, saying personally of all for the or which dividuals themselves payment responsible deposits may oc= hereafter now held be by addressed made said bank, with the it. meeting, former Mr. Cool- as baugh also endeavored on a position follows: "I my views and the bank casion the to financial make condition then of were on My opinions were the conditions basis on known. based of on surrounding what I deemed cities, business. and Since the banks then 1 of which been they did advised that Louis the were doing Cincinnati another business on in view it would have believe, and St. that beside of the currency changes be basis. made impossible by I those for cities, Chicago as it would to do be business coun- for it on a currency business for the For the information as to do gold basis. basis would surrounding say that the to try those on a present, of I the bank amounted thousand four million not over fifty thousand In eixty of entire Jollars, deposits three doubtful. hundred dollars dollars of the banks ten there is He in made the banks, and days which would mature. about was four At statement the million present millions because want- time of dollars. due to the associated national bank it was the Union that it was far from ed besides, being them insolvent. to know banks It desired in all to practicable co-operate meetthe other that the matters. with He adopt had hoped unanimously been done some in measure ing for relief, It was as imperatively neces would cities. of had the kind should in other that something could they not If act they harmony be a for paper the which they Union all sary had made done. read the where Why liabilities could public sounder of the good. to that nares knew docu- not be sound, than those appended willing, if found and if these their are fortunes to prove show ment, to sary, the to public sacrifice that they all that meant was to part needed necesto their trust, on the be of true concerted panic the bankers, If a proclamation that the west in quelled. was the the and showing action the could unanimily would be Chi- sent and out to bankers were acting confidence, it would restore condition of less settle cago the financial beyond public doubt, in this action than entire section, Unless some concerted of Chicago a taken, of four Mr. would was week. cent." be at currency In a premium answer the drafts to Union a question national or five per said stand shoulder to showed any Coolbrough desire bank with the would to act oth barmoniously. associated banks if they that banks, The to shoulder be meet- held this the ing of the will undoubtedly It is announced New York that plan. the Third has suspended. met last be ordinarily a to-night, morning The presidents to national evening, adopt bank and heavy the for the cheeks of among small ufacturers, increasing, banks they in the their respective have abundant depositors knowing day Saturday and panic small agreed morn- man- re- to to sources, ing. many of for eighty cents their of assets. every pay on deposit were dollar the city will one close two All dollars of them in them out of being and heavily able not Other banks are all right, banks are drawn affected. on but The suspended and conducted and be savings banks, Germans, with large is all owned of chiefly small German by be no depositoration more It oflines believed there seems will to prevail. met The banks this as evening ficers confidence of the to suspended devise measures was done, for relief. save deof to the appointment of plan a to facilitate view vise and report the a banks with a Nothing system- has ex- of change resumption. among The the lack banks of early tended atie action to suspend among out these for its banks. own safety. Every their bank The suspended is looking banks will place all
