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PAIR OF BANKS QUIT THE COLUMBIA NATIONAL BANK FAILS TO OPEN ITS DOORS. WASHINGTON ALSO GOES UP. DEPOSITORS WILL NOT LOSE MUCH MONEY BY EITHER OF THEM. A SLIGHT RUN ON BANKS. The Clearing House Committee Puts Its Shoulder to the WheelTrouble About Over. The failure of the Columbia National bank to open yesterday morning, and the closing of the Washington State bank at noon caused considerable of a flurry in financial circles, and there were runs of some magnitude on several of the banks. The most extensive of these was on the Farmers' and Mechanics' bank, which has depositt of several millions and more than a million of cash in hand. This bank stood a steady run of six days in 1893, and is in a splendid condition now to stand any sort of a run. The bank kept open long after hours yesterday to enable all depositors who so desired to draw out their money. The sixty-day clause of its by-laws was entirely waived, and depositors paid all they had in the bank if they desired it. Late in the afternoon the clearing house committee, composed of officers of the Northwestern National bank, Security Bank of Minnesota, Nicollet National bank, First National bank and National Bank of Commerce, issued the following: The clearing house committee deem it their duty to announce to the public that their investigations warrant them in advancing whatever sum of money may be needed by the Swedish American National bank to meet promptly any calls upon them by their depositors. This bank has an unusually large available cash reserve, amounting to about 55 per cent of its obligations, and its bills receivable are of such a class that we have no hesitation in saying that we will make them the necessary advances to meet all demands, and that we do not look for further trouble among the banks of this city.
