Garland Globe | 1908-02-15 | Page 2 | Financial Storm Hits Denmark

FINANCIAL STORM HITS DENMARK Extensive Speculation on Bourse of Copenhagen and Tight Money Market the Cause. There Has Been a Run on a Number of Danks and Two Have Been Forced to Suspend Payment Government Will Aid Banks. Copenhagen. A financial panic has arisen hero on account of a tight money market, and extensive speculations specula-tions on tlie bourso. Two small bank hnvo been nffectcd nnd ono of theso forced to suspend payment. Thoro lias been n run on sovornl of the banks. Tho minister of finance on Sunday conferred with tho officials of llvo of tho principal bunks here, and It was decided that tho government, In conjunction with the leading banks, guurnnteo nil the risks for tho banks tiffccted by placing tho necessary iunds at tholr disposal, which will Immediately Im-mediately satisfy nil tho Danish nnd foreign creditors. '