| Show QUICK RECOVERY fROM THE PANIC Banks Responses to Call of New Now NewYork I York Department for 1 Reports Show It 1 WITHDRAWALS WERE SMALL I t U II I Wont Vort Wo t of ur Iho Storm lint Well Willi WilliI I t New Nw N York Dee Dec IJ tt Under call of the thi th rte te banking department apartment for report of if r on Dec Dee 1 11 it trust truet com coin nice and tt 28 2 state bank banka of ot Greater Oretel New Nt York l i tk rk have filed mid their formal state staten ment n nt hilI the effect of the Ute re e eI I i ot nt storm tonn are uro plainly evident especially ally all III In regard Igard r to thee few against which the tile attacK mot mo t direct t Ua he statement na MI a 1 whole bears bete te to the qUIck recovery gen gea generally g rally uia made and nd tile the unwavering con confidence dence of the Ih Krent body of ot depositor The report aleo Ilao aho show ho that certain of oC the Ih slate tite bank of ot New York City CILy 11 dW dk their eliare allare relieving the andal in it other othe They Thea ibis Ibl by accepting Ung from Crom ilie the local locsi II AI hank a K large quantity of louring 1 house certificate leaving the nit ton I bank banka Ia nb In to tn employ their 1 h lr aak In relief of and In the Interior The Th 29 9 mate bank of New Nw N w York Brooklyn and the other of New NO York which have ha no II o fur fr show aggregate of oC Of Ot till tIit um sum the net loaa 10 In since alnet Aug Au 22 2 I lat last to only The I were vere we among 18 1 of the with total withdrawal of 13 26 61 while 11 ii 1 banks hawed showed an ac e rn te gain of 44 Allowing for all withdrawal and sM the be e of at clearing house which are now held a as collateral the state mate bank banks Indicated their prosperous condition by b maintaining cah cash reserve In some me far In excess of the thel theU U l per PI cent nt required by tale stAte laws law One of tile the th largest holder of ot the certificate shows shown how a re reserve erve of 24 14 p per r cent Only one on tte att bank took advantage of Its III membership In the clearing houe ho to l aue certificate which are ara now outstanding a u a liability Item of Nine of the stale banks bank hold hoed clearing house to the extent of Loans and dl di count MOW ebow a ii decrease In the state tate menu of 19 9 of the while the of tock lock bonds mortgages mortgage etc etca a as an Item of resource also alo show how a gen genal gentral trat al A majority of ot the bank show an un increase of ch cash h on hand halll I The Tb official statement of the trust companies o nl of Greater Oter New York are or i with the greatest In tn Interest interest terest The Institution were forced to beer bear the tle brunt of the financial storm I which broke with the of the Knickerbocker Trust Trull company The Thet I 21 t 1 companies which havo thus far fkr fari i reported report Id show chow a falling of of de dej po from on Aug AUK K 2 teat j to 10 SOO on Dec 19 n The los bee of wa Wits accompanied by calling In of lOr f loan the reduction In the letter latter Ibm amounting to The II 1 market value awe of stocks tWo etc tc a g I of Gt about In lu specie speele ih 21 trust show how a 8 aIo Io Io os s of or lees leas 1 than while In le te leRU teI 1 I RU gal fal tender Indr and bunk balik notes note n held an a re nerve erve they Ih show bow an all Increase of ot nearly r The Th trust companies all were ere put ut to u H severe test teet but bul their lne affairs according to the re iv reports reo ports now submitted have ben been b n so adjusted that many of ot the de declare clare eie they are In a 8 better batter position than ever before NI The ilie report of Ui tim Company of America which withstood a ii run ot of many day days was waa awaited with much In 1 tet re t It shows a net lIet decline lit lir c li reserve of leis lea Ie than titan 1 I per cent since alnee Aug A 1 The Tho cah reserve HIVe of or the th com corn company pany pal now on hand Is I U sa 34 a s p per pert r rc c t Ma e of or 1 1517 1117 IT as 5 g ln t the legal lewal ir f M r cent requirement The re ene r roC of oC the company last wes WILlI some Mome more than or 17 p per MIl r of the deposits de lt The nIe cash cah of the Trust company of America aa with all oil the ChI other companies submitting re iv report port POll remain main unimpaired ld This show showing ing In of the company I Is made despite the th tact rut that thai during durin the th run It paid out more mo than S Pert Part of this Ihla came from the th fund turned over to the th Institution by bythe bythe the Ih committee of trust companies tOmp m which came to the relief lIef of OX the Trust Truet company compan of America when wIMon U It was waa moat most In iii need Tb The total amount of 0 deposit i ow o CHI eu the th books book Is Ie 44 aa as shown ah wn by II the Ute December Dember r state stat statement ta mint ment The company com Iu on Dec Dee Deef 1 9 f wn wai The amount due to other trust COmpanies was reduced during the lb Ih run un from the August re ret of If t nearly S to less lex Ie than Ihan Loan Latil L aall to In l director which six alx ai months month RIO ngo 0 amounted to 10 do not ap appear appear pear In III the December statement at temen all 11 director having hain paid up UI during the crisis rI is Thirteen n trust companies con inn contributed tn ted ad I to III the th trust corn com company m nosy pany fund bud which was Ii raised for aid aiding Id hit ing weak wll companies during durin the Ihl finan financial del cial laI flurry The Urgent Lt geet contributor were ere the tile United Trust the Ih Cen Cn Central en tr Truet tin the Manhattan Trust TrUll the Ih New Trust 1 and slid the Ih Suitable The fund amounted to 10 7 |
