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OUTSIDE BANKS TO AVERT PANIC Hundreds of Thousands in Buried Vaults. NEW YORK OFFERS ITS AID Clearing House Extends Unlimited Credit and Funds to Baltimore Business Interests. BALTIMORE, Feb. 9.-Buoyancy was supplied to the situation among the bankers and the moneyed interests of the city today by the zeal and readiness displayed by banks and financial institutions in other cities to lend aid in any sum. An offset to the temporary paraylsis produced by the destruction of fourteen banks and the temporary withdrawal from circulation of hundreds of thousands of dollars which is in vaults that are buried in the debris, came when the clearing house met this morning.* Unlimited Credit. A dispatch received from the New York clearing house was read. The New York institution offered to give the Baltimore banks unlimited credit and funds. Following this, Craig Colgate, representing Halsey & Co. and the First National Bank of New York, arrived in the city. Mr. Colgate immediately sought Mayor McLane, and said to him: "Mr. Mayor, I am empowered to lend to the city any sum you need up to $1.000,000. You may have it on demand, and keep it as long as you like." Mayor McLane expressed his appreclation of the proffer and promised to avail himself of it if necessary. The Banks Burned. Among the banks which were burned are the National Exchange, National Marine, Mechanics' National, Merchants' First National, Third National, Farmers and Merchants'. and the Union National Plans are being laid to begin the work of resurrecting the bank vaults and recovering the treasures within them. This task can hardly be begun before tomorrow. By that time the ruins probably will be sufficiently cooled to permit of excavation operations.
