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signed bankers of Fremont county that for the present we will not pay on any one account more than $100.00 in currency, but will issue Eastern Exchange or Certificates of Deposits for any excess over *100 as may be desired. First National Bank, By M. B. Lov, Cashier. Florence State Bank, By N. Large, Cashier. Fremout County National Bank. Canon City, By Geo. F. Rockafellow, Cashier. First National Bank, Canon City, By C. S. Hudson, Cashier. Citizens State Bank, Canon City, By M. J. Evans, Cashier. The following dispatch sent by its Denver correspondent to the Pueblo Chieftain, and which appeared in that paper this morning, tells the story best. After the article is read, the reader and depositor, will know the reasons for the actions of the banks of Fremont county. There will be DO hardship on any of the depositors. Present a check for $500 for instance and get $100 in currency and take the cashier's check for the balance. This is as good as the money and the holder will be given $100 and a check for the balance at any other bank to which it is presented for payment. This policy is adopted to protect the banks and the depositors until the present trouble in the East is over. Following is the Denver item: "Denver, Oct. 28-Just before the banks of this city opened this morning they posted notices to the effect that they had taken advantage of what is known as the clearing house certificate act and that until November 5, only $100 would be paid each depositor except Yn cases where the money was drawn for the purpose of meeting payrolls. This action was taken in order to prevent runs on the banks and the possible embarrasement of some of them. During the day State Bank Commissioner Beatty sent telegrams to all of the state banks advising them to take the same action. "The action is similar that taken in all of the eastern banks and was forced by reason of the action of the Eastern banks. The banks of Denver maintain what is known as credit reserve in the large banks of New York and other banks of the Eastern cities. They use these reserves to draw against. Recently the New York banks announced they would only pay the clearing house certificates, thus the Denver banks were compelled to accept clearing house certificates in lieu of cash in those banks in which they had deposits. "They felt that is was only just to themselves to adopt the same measure. The measure WHA not adopted, however, with n long and bitter fight. Representatives from each bank in the city met .yesterday morning at 9 o'clock and continued in session until this morning at 3o'clock discussing the matter. It was finally decided to take the action that afterward resulted. "The action will no doubt work a hardship on some of the country banks in those towns where there in no clearing house. "These country banks have deposits in Denver the same as the Denver
