AUSTRALIAN.
Melboubne, Friday. Sank Failures.
The Bank Calling 1 up Capital.
There was not much excitement here to-day. It is believed that the crisis has passed. The action of the associated banks has created confidence.
Intense excitement prevailed on Saturday in the provincial towns among the shareholders.
The Australian-European have resolved to call up ono pound per share in order to enable the bank to re-open on a restricted
scale.
An early meeting of depositors and directors will bo hold, to arrange for a settlement of claims.
The bauk will probably re»open soon,
but most,of the branches will bo discontinued. Confidence is manifested in the directors.
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Thames Star, Volume X, Issue 3214, 7 June 1879, Page 2
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106AUSTRALIAN. Thames Star, Volume X, Issue 3214, 7 June 1879, Page 2
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