Pequonnock National Bank (Bridgeport, CT)

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SERENE AT SAVINGS BANKS. Depositors Feel Sure That Their Money is Perfectly Safe-All Quiet at the Banks-The Much More Favorable News From the Metropolis -A Dilemma, New Haven Lady Depositor's Affairs at the savings banks yesterday were very quiet. There was noexcitement whatever, and instead of giving notice of contemplated withdrawals many people came to the banks and made deposits. At the Connecticut there were half a dozen people in waiting when the doors opened. They were nearly all Italians. At the New Haven bank about thirty were in waiting. At both banksa number of deposits were made. At the National there were no withdrawals and several depositors. All told less than 600 out of the army of depositors of the three banks have given notice. There are 30,000 depositors in the three banks and less than $200,000 has been asked for. Altogether the scare is over. A New York dispatch last evening says as to the savings banks there: Business at all the savings banks, with one day. exception, was going on as usual toThe excitement is all over. Depositors safe. feel assured that their money is perfectly At the German Spar bank, Fourteenth street and Fourth avenue, a number of depositors of the ignorant class came to give notice that they wanted their money. THE FINANCIAL HORIZON DECIDEDLY BRIGHTENING. NEW YORK, Aug. 2.-Any fears that may have existed at the opening of to-day's Wall street business were entirely offeet by reports in the room that a shipment of £400,000 in gold would quickly follow the amounts reported yesterday, and the fact that the big national banks of the for were going to utilize present low prices city government bonds and make a large increase in their circulating notes. the will be alded in this by the desire of They the of savings banks to dispose of some part their large holdings of governments,and negotiations are now under way by which $12,000,000 of bonds will be purchased by the national from the savings banks. This deal, when completed. will give savings banks with which the and to meet the demands of their depositors, it will enable the national banks to is sue circulating notes on these banks for over $10,000,000. There is no doubt also that among the financial schemes to be acted upon by congress will be one allow ing the the national banks to issue notes up to par value of their holdings of government bonds. This would increase the amount of these notes nearly $18,000,000. Hoadley B. Ives of the National Savings bank, when shown the above last evening, was asked if in his opinion the down financially had passed and if the indica turn tions were that the tide had turned. 'Yes, emphatically so," replied Mr. "The indications decidedly show that Ives. the crises that has been passed successfully and financial affairs are mending. The financial horis is brightening considergold ably, owing to the large importations of from Europe and the action of the New tion York banks to enlarge their circulaand thus relieve the cramp for The ter." situation generally looks much money. bet HARTFORD BANKS REQUIRE NOTICE. HARTFORD, Aug. 2.-The four savings banks of this city, beginning at noon today, withdraw will require notice of ninety days to deposits. The reason alleged is itors inability with. to obtain currency to pay deposBRIDGEPORT DEPOSITORS NOT WORBIED. BRIDGEPORT, Aug. -When the Bridgeport savings banks opened this morning there was no unueual demand for money, showing that depositors have confidence in the institutions. The adoption of the 90 days' limit yesterday was the result of demand for made upon one of the local banks a bank a large sum by a western bank. had difficulty in obtaining the The rency it. and the other savings banks assisted our withdraw Depositors to-day were not allowed to more than $20 without at notice. All the local banks are considered giving unusually strong. to NINETY DAYS IN WILLIMANTIC. WILLIMANTIC, Conn., Aug. 2.-The two local savings banks, the Windham and the Dime Savings bank, this afternoon issued notice to depositors that beginning to morrow of they would require ninety days' notice small the withdrawal of all deposits, amounts. The directors find it except sury because of the stringency of neces the money market. Both banks are as sound as the soundest, but would have to sacri fice the best securities in order to raise any large amount of money. NO RULE IN MIDDLETOWN. MIDDLETOWN, Aug. 2.-All of the local savings banks announce that they are in condition to stand any run and produce cash enough to meet any demands on them They tice will not enforce the ninety days rule and do not anticipate any unusual no demands upon them. Thus far their daily deposits exceed their withdrawals. A DEPOSITOR MADE HAPPY. In illustration of the condition of mind in which some people are in nowadays, an incident which occurred in the office of Hoadley B. Ives, treasurer of the National Savings bank, may be mentioned. A woman from a country town who had learned to rely on the wise old financ'e had judgment $3,100 came in and told him that she bank of this in city the Connecticut Savings it out. thought she had better and asked draw him if he told but that her no, if at that any it was time safe where it was He from that day she wanted within him to one take year her deposit book and pay her its full with interest, he would do it. She value home contented, but her fears arose went and she came in yesterday to see Mr again come again. She said 'Mr. IvesI have Ives to accept your offer. check "All right," said Mr. Ives, and made deposit. a the for $3,100 and the interest due out on He handed it to her and asked her sign bank book the order to him. transferring her savings to in one hand and the She book sat with his check looking from one to the other in in the other are plexity. this money Finally If you she said: "I didn't great want perand who she handed the check willing back to to give Mr. it,' cancelled it and she Ives banks with her faith in him and went in back the savings home renewed and strengthened. At the Clock