Show DEPOSITORS' DEPOSITORS DEMANDS nE VILL ia ALL AU BE MET Clearing House Committee Comes to Rescue of Suspected Suspected Sus Sus- Banks I New York Oct 20 After O.-Arter After conferences conferences confer confer- I lasting over O 24 hours hour the tIme New York clearing house today gave avo a clean bill of ot health to the lie national banks which have ha been under suspicion for tor several days It pledged Its ast vast re resources resources resources re- re sources to enable the threatened banks to meet ever every demand o of their depos depos- Tho The statement road read A A committee of oC tho time clearing clearing- clearinghouse house has examined the several banks of the tho association that ha have 0 been un under er crit an anti and finding them solvent sol thel the time l I clearing house committee has decided to o render them such assistance to meet their deposits as the lie committee may think necessary The Tho panic cloud which loomed large and exceedingly d dAk k over the field and which guvo tons tores' toresor of or thousands of or depositors a a. nervous Sunday Sunda Is dissipated b by a statement o of not more than 00 words which was v.-ns 1 Issued with the authority of or the entire clearing hou house o committee I t I j Vl t C Committee p Found Wo We have c found tho the banks unde I criticism to be solvent declares declares' tho tto 1 t UJ o 0 te n str il tt tt f Peat ta 1 01 tho the still further urther declaration which A R as- Aur s any storm The three banks which have havo b been en particularly examined by th the clearinghouse clearing house committee and found In every way solvent art are aro The Mercantile National National Na Na- a- a bank the National Banc Ban of or North America and time the New Amsterdam Amster am National National National Na Na- bank bani The clearing house committee carried the good news of or their findings first to the Mercantile National bank where the entire board of ot directors was was in ex extraordinary ex- ex session Assured ASsure of ot continued continued continued con con- support of or the clearing house the work vork of ot reorganizing tho the bank was taken up by accepting tho the resignation of ot F. F AU Augustus Heinze as president Seth M M. a a. venerable merchant merchant merchant mer mer- chant of or unquestioned standing who has been director o of tho ho bank for Cor years was elected president and will have havo full tull charge of or tho time reorganization of or orthe the Mercantile National Millikens Milliken's son son G. G II MUll MUll- len ken was elected a director to Jill flU an anold anold old vacancy and made vice president William Skinner a manufacturer was mn made e an ad additional l vice Ico president It was definitely announced that tho time Mercantile would woul not go S-O Into liquidation liquida tion Lion as us was suggested when the clearing clearing clearing clear clear- ing h house did not approve of Comptroller Comptroller Comptroller Comp Comp- of or the time United States treasury department as president The bank will open as cos usual In the be mornIng mornIng morning morn- morn Ing and continue business |