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bank naturally elept peacefully ; but during the night several of the officers connected with the clearing house changed their minds, and when Mr. Childress called for the money abont 9 o'clock yesterday morning it was refused. There was then nothing left for the City bank but to close its doors, aa there was no time left to obtain help from ontside pointe. "The total amount of deposits we have in the bank," he said, "ia $180,000, and our ageets are about $100,000 in excess of these deposits. One-half of the excess is in mortgagesand the other half commercial paper, "Our depositore will be paid dollar for dollar, I know they will, and our be. ing compelled to close the doora of the institution and suspend payments, is due to the failure of the clearhouse to come to our directly ing aid." THE UNIVERSITY BANK. While the sudden closing of the city bank's doora was under discussion on the street it became rumored around that the University bank at First and Broadway had followed suit. Precisely at 12 o'clock the University bank closed its doors and the drawn of curtains gave a general appearance gloom to the building. the opening hour until that had time, From depositore hurried continued in and drawn their coin. The run until it was thought advisable by the bank officials that it be closed, and soon a which read, Bank closed. will be paid. in positors notice full," orna- De- in the front doors the faces of belated mented depositors. and stared CASHIER ARNOLD'S STATEMENT. Mr. Arnold said yeaterday that the closing was produced merely through a lack of ready money. The bank did not ask assistance from the clearing house or any one. When it founditeelf unable to meet the demands upon it in ready money, it merely closed its doors. The bank is perfectly solvent and depositors will get dollar for dollar. It owns the building and land at the corner of Sixth and Broadway, for which it paid $20,000 in cash during dull times, and it owns one-half of the property it at present occupies. besides owning between $40,000 and $50,000 in realty. Twenty thousand dollars was all that was needed to tide it over the difficulty. Judge R. M. Widney, the president of the bank, is on his way east to address the international congrees of bankers at Chicago. He was reached by wire at Kansas City, and 8 telegram in return from him which announced that he would return immediately was read by a HERALD reporter late yesterday afternoon. disappointed depositors walted steps to the after reading the notice, went the expression on that although several and, up The the stone ways, closed they doors, their their had in getting money. were confident that it would eventually faces that They succeeded they proving their waseafe receive it. and THE LOS ANGELES NATIONAL. About 12,o'clock the paying teller and clerks of the Los Angeles National bank became conscious that the number of the bank's patrons intent on drawing money was gradually increasing, and before many minutes had gone by it was 1 evident that a run was on. When o'clock arrived it found the front of the bank packed with a struggling mass of humanity which it required the services of to keep in order. It was a quiet crowd,however, and in its numbera comprieed people of all degrees, nationalities and vocations. The swarthy negro elbowed the Cancasian laborer, and the almond-eyed subject side of the flowery kingdom stood aide by with the pale-faced girl in the poke bonnet, whose appearance designated her 38\a member of the Salvation army. As quickly as the checks were presented ta the teller, they were paid, and although in a short while a line about a hundred feet long was formed extending north.on Spring street, each member
