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moment refused or postpond the pay. ment of its obligations In gold coin on demand. Nor was It found necessary to resort to any of the expedients adopted by banks in many Eastern cities to prevent the withdrawal of gold, such as the use of clearing house certificates, time checks and the like. Two of the smaller banks were successfully liquidated by the clearing house association and one of the national banks has recently resolved to go into liquidation for the purpose of consolidating with another. The banks which went out of business were the Puget Sound Savings bank, the successor of the King County bank, whose stock was held principally by Eastern capitalists, and the North End bank. The Commercial National bank has recently transferred 1ts business to the Seattle National bank. The obligations of these banks are being paid in full as rapidly as demanded and no one will lose a dollar by their liquidation. In addition to this two of the smaller savings banks have been placed in the hands of receivers. One of these had deposits of only $100,000, which was loaned on real estate security. A dividend of 10 per cent. has already been paid and the receiver reports that every claim will ultimately be paid in full. The