The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-17

RIM on n National Hank.

from the Hamilton (Nevj Inland Empire Oct ~
At about haif-past three o'clock yesterday after
noon news was received by the agency here from
the agency or the First National Ban1 or Nevada,
located San Francisco, stating that 5000 IN coin
was needed below, and unless 1t was Immediately
telegr aphed the concern there must suspend. Mr..
Netmore, cashier Of the hamilton House, made an
effort TO despatch The amount required. but was
had been issued forDidding the Transmission
OF large sums. by telegraph. Permission was
send the amount as desired, but tho delay
accustomed IN telegraphing TO ald fro proved dsas
tr0us to the San Francisco agency, for about half
past four O'Clock telegram came, announcing that
1t nad closed for The want OF coin. While u looks
little strange that banking institution OF accredited
responsibility and standing should be compelled to
suspend TOR the piful sum OF $1,000, we give It as
the statement Of facts furnished In explanation OF
the suspension by the cashier here leaving road
ers to draw their own conclusions therefrom.
rumOr that Mr.. Harker, the president OF the concern
had lost heavily In gold speculations Is assigned as
the reason for the run On tho agency below. AZ to
the truth OF this report we OF not ADVISED
but those who claim 10 KNOW assert that IL " wholly
: TIE news Of the suspension In San Francisc0 was
received by individual In Treasure City before four
O'Clock, which caused run on the agency there re-
suiting In every dollar In coin being drawn out.
little later the agency mere was attached and taken
possession OF by the Saeri1. The news spread rap
Idly, and soon the affair was the topic OF universal
conversation, causing the widest excitement Quite
q crowd mad at one time assembled and filed back
having possession nothing could be accomplished la
the way OF presenting demands. Up 10 o iato
hour o last night groups Of people were
engaged In earnest conversation, and n thousand
exaggerated rumors were afloat Should we credit
all tile Wild rum0is heard on the streets IL would
neccssitatc the conclusion that at least 5000 900
had been lost by persons whom we never dreamed
OF possessing single ''red." However. there was
much anxiety manifested tn oil quarters by deposit
tcrs aud lawyers TO ger out the necessary papers,
and officers 10 serve them were In great demand.
Persons armed with attachments rode rapidly up 70
Treasure CitY IN tue hope OF finding something 70
seize upon whereby they might secure tncmseives
and many others came down the mn ior 'no sa'"0
purpose. :. 49,.
the 6rst attachment served here was l0r Ss,o"0s
and shortly afterwards several others lot smaller
sums were laid, aggregating up to the nour We gJs
our report about $4,000 In audition " .n,s anouns
parties owing the bank were garnisheed Ia sum
ranging from 81, 900 TO $4,000. All OF tne attacn-
mcrts placed upon the concern mere were Ia Inc IN
terest OF local creditors. 49,, o...,
There was in the bank At this place $4,000 belong.
ing to the county treasurer 70 Inc
money The cashier informs US That these amounts
are ali right and being special deposits, cannot he
molestcd 10 meet the ablIltIes of the bank.
Among the many rumors prevalent on the siroct
taecn possession Of the bank at Austin. and were
proceeding to Withdraw their deposits. Another
was that q buggy loaded with coin left the Ilamil-
ton agency early yesterday morning. Ii was also
currently reported that parties had gone out on
horseback TO recover, II possible, the Ascending
.reastre. We DO not vouch for the correctness OF
any OF these reports and simply give them as street.
meanwhile we conclude, from ali the information
we nave tue subject, that the bank, especially
the Hamilton agency y nerfe:;; solvent rs All
to pay every aolsr 81 ii 'liabliiss - s.s.
the suspension VIZ N eli probability DO but tenn.
porarN