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FLURRY IN WORLD OF FINANCE in closing the banks and declaring a holiday until the financial situation loosened up. Judge Dale, U. C. Guss. A. H. Harston, A. L. Cockrum, J. R. Eastman and J. W. McNeal each addressed the meéting explaining the action on the part of the banks and assured the business men present that it was the only thing that they could do under the circumstances and that they would pay every dollar they had on deposit even if it took the clothes from their backs and that when they did open they would be in position 10 pay every depositor who wanted his money and would not let partiality rule Each stated that his bank was in a good condition and that no one could see the calamity which broke this morning like a clap of thunder from a clear sky to them all. when they thought that the Wall street panic was safely over. Mr. Coyle, president of the Bustness Men's league urged the merchants to encourage confidence among their reustomers and friends. He said everything would come out all right and that although he and many other merchants would lose financially, but would be all the better for them when matters readjusted themselves. He urged the merchants not to give checks to each other and advised the farmers not to sell their eotton and oduce now at a sacrifice but to hold it. Banker Guss in connection with bis other talk made the statement that if the present situation causes a money panic in the east that it would not affect the west as the west had much more currency than the east at the present time on account of the ection market. Bankers Burford, of Muthall: Helton and Byer, of Cres. cent: Wikoff, of Stillwater, and others who were present at the meeting stated that they had been notified this morning by Bank Examiner Smock of the existing circumstances and had closed. They stated that they have all the conådence in the world in the Guthrie bankers and that they had done the proper thing and Gethrie citizens should have the same confidence in their banks. Banker Burford of the Citizens bank of Mulhall, stated that he had passed through a similar financial distress in Illinois in 1877; that the banks in that state were closed for 30 days betare business was restored and that when they did reopen there was no after trash or panic. The following resolution was endored et the meeting which was draftod by Missars. Coyle, Huston, Niblack and Greer, endorsing the action of the Guthrio bankers and urging a call of Groupe 3 of the State Bankers association which is in this district to talk over the question and to appoint a committee to go to St. Louis and the other places of deposits of the Oklahoma banks. They also endorsed the movement/of the Guthrie Retail Merchants association in its support to time bankers: "It is hereby resolved that this meeting unanimously endorse the action of the banks in solieiting the acting governor to declare this week a week of legal holidays. Also recommend that when they do open that they take such precautionary measures that will protect themselves. "We further commend that when the banks do open that they pay only