Article Text
BOSTON BANKS IN GOOD SHAPE. Clearing House Stands Ready to Help Any That Needs It-Another Squire Failure. BOSTON, Dec. 18.-The Boston Clearing House Association voted to-day to give power to the Clearing House Committee to issue Clearing House loan certificates to banks applying for them. This action was preceded by the following official bulletin: "While the Boston Clearing House Committee would render any proper assistance, the official fact is that no bank in Boston, outside the Globe and the Broadway. has applied for Clearing House certificates or asked any assistance. The public need have no fear that assistance will not be promptly rendered to any solvent bank should occasion arise." Matters looked brighter for the Broadway National Bank this morning. A meeting was held yesterday of men who had come on from New York in connection with the closing of the Broadway Bank and who are said to represent a financial ability of not less than $10.000,000. They visited the rooms of the bank and spent a long time in the examination of the papers, at the close of which it was learned that the bank was about $100,000 better off than it had been represented to them before they reached Boston. The incipient run on the Fourth National Bank was nipped in the bud. It was stated to-day that there had been no withdrawals of deposits to-day and that one or two persons who had hastily withdrawn their funds on Saturday had replaced them. The bank on Sunday obtained plenty of cash for its treasury. One more big firm was added to-day to the list of those involved in the Squire failure. It was that of Joseph Squire & Co. The assignment was made to G. W. Fiske & Co. G. W. Fiske said that no statement of the firm's condition could be made at this time. but that its own liabilities were very small. The assignment was made as a protective measure. for the reason that the firm's name was on a considerable amount of John P. Squire & Co.'s paper.
