Salt Lake Herald | 1893-05-16 | Page 1 | In the World of Business

IN THE W RLD OF BUSINESS The Indianapolis Suspended Bank Soon to Resume A DENVER BANKER ASSIGNS Sions City Electric Lino Goes Into a Receivers Hands Several More Australian Banks Succumb to the Pressure and Are Compelled to Close Their Doors Much Uneasiness in London INDIANAPOLIS May 15 United States Bank Examiner Young and State Bank Examiner Packard are going through the I affairs the Capitol National bank Mr Packard authorizes the statement that in cash there is considerably more money csh in the bank than was reported by the bank officers The Capitol officers furnish a statement which indicates that within thirty days cash amounting to 3SO000 will be available They also claim that of the banks 1000000 worth of paper all is good with the possible exception ex-ception of50OOO which may not be convertible con-vertible at present into money and say that a soon as the Chemical of Chicago resumes they will be able to resume also provided the bank examiners report is favorable