Salt Lake Herald-Republican | 1907-10-28 | Page 2 | Situation at Omaha

V Situation at Omaha Omaha Neb Oct 27 After a day spent in telephonic communication with every city of Importance in the middle west the Omaha clearing house association decided that beginning to tomorrow tomorrow tomorrow morrow clearing house certificates will wUl willbe willbe be issued as a protective measure The association paused in its Us deliberations to issue a statement to the Associated Press signed by President Henry W V Yates as aa follows So far as local conditions here are concerned not the slightest cause ex exists exIsts exists for the action It would be futile for the Omaha banks to undertake to meet the cur currency currency ur rency demand which would be made upon them not only for the normal re requirements requirements requirements of ot their business but they would also be required to supply the demand ordinarily supplied from Chi Chicago Chicago Chicago cago and New York One of the leading bank presidents stated that the conditions In Omaha were never better in the history and they could hardly be better than they are The one savings bank de decided decided decided today to begin enforcing the time allowance provision In withdrawing funds tomorrow