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Sixty Days' Notice in New Orleans. NEW ORLEANS. Aug. 8.-A run started on the Germania Savings Bank at noon to-day. and by 4 o'clock. the hour of closing. $80,000 had been drawn out. This evening the Presidents of the five savings banks have met and decided to require sixty days' notice from depositors.
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That Saving Clause. : : NEW ORLEANS, Aug. 10.-A run was started Tuesday on the Germania Savings bank, and all who came were promptly paid. Today the savings bank managers decided to enforce the sixty day clause.
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CURRENCY SCARCE IN NEW-ORLEANS. New-Orleans, Aug. 9.-A run was started yesterday on the Germania Savings Bank, and all who came were promptly paid. Last night the bank officers decided to enforce the sixty days clause. This action has apparently had the effect of allaying the fears of depositors, and the run has ceased. The Clearing House Association, at a meeting to-day, agreed to hold currency as much as possible, and to carry on the business more largely with checks. No depositor will be allowed to withdraw more than $50 per day in currency, but the banks are issuing Clearing House certificates for the remainder. Money may be deposited for withdrawal.
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AT NEW ORLEANS. NEW ORLEANS, La., Aug. 9.-A run started yesterday on the Germania Savings bank. All were promptly paid who asked for their deposits. When the doors opened this morning there was a motley group waiting outside with deposit books in their hands, which had not heard of the decision of the bank to take advantage of the sixty-day clause. This action apparently had the effect of allaying the fears of depositors and the run ceased.
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NEW ORLEANS BANKS. A Run Disposed Of--ClearingHouse Action. [Bytelegraph to the Dispatch.] NEW ORLEANS, August 9.-A run was started yesterday on the Germania Savings Bank, and all who came were promptly paid. When the doors of the Germania were opened this morning there was a motly group of people waiting on the outside with their depositbooks grasped tightly in their hands. They had not heard of the new order of things. Last night the Savings Bank managers decided to enforce the sixtyday clause. This action has apparently had the effect of allaying the fears of depositors and the run has ceased. The Clearing-House Association at a meeting to-day agreed to hold currency as much as possible and to carry on business more largely with checks. No depositor will be allowed to withdraw more than $50 per day in currency, but the banks are issuing clearing-house certificates for the remainder. Money may be deposited for withdrawal. Speaking of the financial situation President Baldwin, of the New Orleans National Bank, said: "I suppose that each of the leading banks in the city has been affected by the present trouble to a slight extent. Probably $50,000 has been withdrawn from us and a similar amount from other large financial institutions here. Some of the businessmen and timid depositors were alarmed and withdrew their money quickly. But instead of losing in the aggregate of business we have been gaining, and there is unlimited confidence in the sound condition of the New Orleans city banks."
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There was n run, on the Germania savings bank of New Orleans last Tuesday, and on Wednesday all the savings banks of the city published a notice requiring depositors to give sixty days notice of their intention to withdraw money.
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BANK SCARE. There was a run on the Germania Savings Bank, in New Orleans, last Tuesday, and depositors drew out the sum of $80,000. In consequence of the panic, all the city banks have decided to adopt the rule of not paying out, on check, more than $50 to any one depositor on any one day, but to make all other payments by certified checks, which will be received on deposit This agreement is limited to sixty days.
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The news reached here Tuesday that a heavy run was being made on the Germania Savings Bank of New Orleans, and caused uneasiness among some of the depositors, especially the Railway Trainmen, who have a goodly sum deposited in that bank. Judge Bowen left for New Orleans. Tuesday to withdraw the trainmen's deposit, but before he reached the city the bank had availed itself of the sixty-day clause.
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A lively run was made on the Germania Savings Bank, of New Orleans, on Tuesday of last week. The bank paid out about $80,000 on that day During the past few weeks depositors have drawn out of this bank, which is one of the strongest institutions in the South, over half a million dollars. In consequence of this run, all the savings banks of New Orleaus have adopted the sixty-days notice clause.
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Run on a New Orleans Bank. NEW ORLEANS, Aug. 9.-A run started yesterday on the Germania Savings bank. All were promptly paid who asked for their deposits. When the doors were opened this morning there was a motley group waiting outside with deposit books in their hands who had not heard of the decision of the bank to take ad vantage of the 60 day clause. This action apparently had the affect of allaying the fears of depositors and the run ceased.