THE FINANCIAL CRISIS.
-■ •• ■ • ■■- Heavy Failures Expected. ' ■ More Bank Smashes in America. [PRE PEHSg ASSOCIATION. —OOPTEIOHT.] (Received July 20, 11 a.m.) London, July 19. The Standard says there is great depression on 'Change owing to the bankers foroing tha brokers to if.creaao tho margins on advances, or sell paper. It thinks it probable that disastrous failures will be the result. Tho London branch of the Mercantile Finfttco Trustees aud Agouoy Company him refu ed to accept deposits for the luat months. • Washington, 19. There is an acute panic in Denver city, Colorado. The Union National Bank, with IV capital of a, million dollar.', has suspended payment. The Commercial National, and National Bank of Commerce, Denver, have also failed, and runs aro proceeding on several others. Twelve banks in Kanf-tn and Colorado failed yesterday.
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Daily Telegraph (Napier), Issue 6813, 20 July 1893, Page 3
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132THE FINANCIAL CRISIS. Daily Telegraph (Napier), Issue 6813, 20 July 1893, Page 3
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