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the those not connected with the that in- it tution expressed sincere regret storm. not been able to weather the succeedPresident H. H. Stevens. who abCharles H. Cole, some months ago, refused to say anything his regard- son. the comptroller': action. but comis a clerk in the bank. was dispaten taken aback when the that such shown him and intimated entirely unfrom Washington was had been for. Young Stevens hour and at the bank at a late entering interviewed just as he was makes his father's house where he Press He read The Associated doorstep. patch while standing on the seemed the aid of a street lamp, and compreaghast when he fully carried its meaning. He at once in bed. to his father, who was then with after a few minutes he returned reword that his father absolutely it. to say anything regarding interview, Stevens also denied an had been hough he admitted that books. he very late on the Receiver Wing at a late hour could hotels not be located at any of the large bankers the city. The few State street surprised were seen were all greatly affairs the outcome of the bank's close of all agreed that at the not the there was the less was the <<<<<<<<<<<<<<<<<<<<<<<<< a the of Saturday and the in finanoadway Bank had been taken and circles as one of reassurance opinion and it was the universal stocks had the flurry in copper Globe Bank, The closing of the everything coming when brighterefore, in a fair way of becoming and there seemed most discouraging that but few who did not intimate worse day norrow would be even a last however, Saturday. were of the Bank opinion had )thers, the failure of the Globe for. so far discounted and provided financiers, least among conservative effect upon it would have but little action stocks and that by concerted Clearing the strong backing of the stocks any future gale in local be weathered with comparative one of Nevertheless the failure-is since most startling and far-reaching Bank eight closing of the Maverick involves ago, and as it intimately stocks, value of Boston's pet copper anxiously outcome tomorrow, is is known that the bank in has fact been ever in some months. Cole. ficulty the Cole's the at the many that he was irement for " was known copper cominterested in the big Mining known as the United States H. Stevens, One of the directors. H. of presielected to fill the position everything and since then has done going un ssible to keep the bank from coupled The tight money market, stocks, howthe great decline in all and, last carried down the coppers, forced to call ursday, the bank was for assistance. Clearing House naturally hurthe communication. to the resa Clearing House came certificates to and the issued $3,500,000 in meet its inthe Globe Bank to Monday, to other banks. On firm otedness the failure of the brokerage company, but financed the mining and as the no other firm followed of sucgave no intimation in sitbeing reseemed in a the old wound will be be seen, opened but Vhether tomorrow, remains to will be made that every effort financial instithe known part of the strong Upon their sucavert a panic. broker depends to the status have of been many earrying houses Christmas which heavy blocks of copper A few of these houses have alattempted to protect filed against attachments have the United been States Minpromoters Charles H. Cole, late Coolidge president and the Co., Globe Bank, Wm. H. ward action H. Clark. of the comptroller the guaranty in wait"he a made <<<<<<<<<<<<<<<<<<<<<<<<< for the been bank very generous on as much as desire to assist agreed that imated and a it is generally last week. a bank had been closed. ensued which the panic would have carried down undombredly have (Continued on page 8.)
