WALL STREET.
IMPORTATION OF OOID ;HOJI.EUROPE.
).'., 'the certificate issue! • president thanks business meny - HONEST FINANCE. • •' DT TELEQKAPIi—rBESS ASSOOIATIOK—<!OriEIOIIt ; ; (Roc. Oot. 28, 9.36 p.m.) '■';'/■ •■'■'-. New YorU, October 28. , New.York;is importing ono and a quarter million.sterling in gold from Europe in ordor to!supply .the, deficiency of money. .. ; . ■ It has been decided that tho clearing housd certificates to bo issued will be a valid settlcliiont .of accounts as between tho clearing iiouso'Knd tho' banks,, on tho banks depositing good' , securities.' ••" It is'proposed to! admit trust companies to! membership '.'of 'thei clearing house, enabimg thorn ii'participate in tho advantages arising from 1 the 'insurimcu of. the clearhig house'certificates. , : '" President RoosoVolt' has congratulated Mr. Cortelyoiii'Secretary to tho Treasury, on'tho admirable way in which'' ho has handled thii crisis) arid has also .applauded tho wisdom anil public l spirit' of conservative and substantial' IJUsineds .mvrt, vwho have dorto irivaduablo service in.checking'tho panic.
:„ declared that finance is sound and honest, despite occasional'dishonest .speculative enterprise ; ■; : ' .:; OTHER'FAILURES.; ••<■.'■'■ !''•' ;■ : '.'■:'"'"-'. , ...'. ''.'..; riovii Vorit,'' October 27. ;, Thodoposits in,the;First National Bank of. Brooklyn,. which.has suspended, amounted to!'£BjH),bgp. : v;.^;,-. i i.-A: "■■'■■•■.. :.[>.. .. A, receiver-/-has; ■b'ebn appointed for, tho Union; Trust. Company, of. IPfovidehco, Rhode 151 and.;,..,'.-;;,.-,;-.-~,i., vi.. ; ; '.■■•. ''.;'' failure,,oh Saturady:was that flf the Toi'minai.Bank, Brooklyn 'inStitutibn't'-jf..., . v .;,,. { .;\ /■;■■:/ ■.■::•■..:- ' ; Loading : financiers ; ; aro convinced -jbhat .tho situiitio!i..is.np\v.undor:contrql., -,■, : .,..,.:;,., Tho - sayings bank;,is ; enforcing .notification of withdrawaiy 1 with',' tho/ purpose 'of .prevent ing drawing upon, its ..deposits.at present,in tho National_,Bonfei; „..,.;:'. ■~:. ...;,. -.-..: .r. Tho Union .Trust ..Company, of, .Providence has deposit!) : amountim!; : to The Terminal Bank's depbsits , ■ aro' £25,m'. :A' list bf • failures and amoiints involved appears in our " Commercial and Financial " column.
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Dominion, Volume 1, Issue 29, 29 October 1907, Page 5
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258WALL STREET. Dominion, Volume 1, Issue 29, 29 October 1907, Page 5
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