The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-20
TIL NlVADA BANk PkyIC.
Additional neutrality-suspicious. OF the
First National Bank nj AWstin-Intense Ex-

From the Reese River (Nev.l Reveilc, oct. II
At about seven O'Clock last evening Main street
extraordinary excitement. Men gathered there
rapidly rom all directions, and there was "a
ment spread Lander Hill and reached the lowest
depths OF the mines, and miners with great drops
OF sweat upon their planched faces left their Slopes
and drifts and came TO The surface and
walked or ran hurriedy to the bank. The excite
ment OF these men was intense, for rumor led them
to fear mat their hardearned deposits III dan
ger. The bank was opened, the men rushed IN, ana
scores Of trembling hands presented certificates OF
deposit at the counter The sum OF S. 900 or $40 600
paid out by the assistant cashier; few words
OF assurance were spoken to the thrOng by friend
who Is a heavy depositor and the bank was closed
The cause OF this panic was prevalence Of
rumors concerning the condition OF the bank.
Twenty minutes before the occurrence OF the
scene we have described despatch from uamil-
ton received by firm IN this city in these
words:-"Take no checks on the FIRST National
Bank. 1t has laed.n Instantly this startling news
appeared to blend with the atmosphere, for every
man and woman knew 1t, and repeated it one to
another. Lawyers ofices were beseged to prepare
attachments, and the sherin7s deputies rushed to
and fro with unwonted alacrlty These officers were
kept busy long after midnight and attachments for
the bank. Inc bank and It's effects passed quietly
into the custody Of the Sheriff. In the meantime u
run the bank In the morning by the small depos
tors seemed 10 be organized
AS early as eight O'Clock this morning knots OF
men stood talking on Main street. They appeared
to be unconscious that the Shern was III possession
OF the bank and expected that Its doors would be
opened usual and all demands paid At nine
O'Clock, the hour OF opening, large crowd or men
was collected at the doors VI the bank. They grew
impatient ana at last demanded abundance Tor the
purpose OF receiving the amount Of their deposits.
Inc door was opened by Deputy Sheriff raber
who informed the crowd that the bank could
transact no business then he had taken
possession or all its effects 10y the man
date OF the court. In spite OF this expiana-
ton. many persisted III demanding their money
alleging that they had earned oy nard and danger
Gus work, were poor and must have II. Although
these deposors were excited they manifested no
disposition To attempt violence. Colonel Bue, VINO
had just arrived rom san Francisco. addressed a
fewswords TO the men, advising them 10 be patient
and expressing his entire confidence In the ability
Its deposit0rs
This declaration seemed 10 reassure the crowd in
some degree Tor 1t soon broke into small knots OF
men, stood in the street and at the talk
ing OF the affairs oi the bank until noon.
we have heard tnat TINS nllcn IN the business of
the First National Bank produced by the con.
duet OF the agency at Hamilton, White Pine The
drafts OF this agency had drained the agency in
FRANCISCO, aud botn OF these concerns have been
closed We have learned no particulars OF the
nature OF The trouble III tine agency at White Pine.
The affairs OF the parent bank IN this city pro-
| nounced by wetinorned parties TO be in sound
condition; but now may be affected by
| to be seen. The capital OF the bank Is
| 10000, and II has a reserve lund, arising
| from profits in cases OF Its quarterly dividends
OF $4,000. Its deposits are general and amount TO
$4,000. The account or the oanS IN certificate de.
posts, winch Is included IN the ABOVE sum does NOT
exceed $4,000 Oh TINS sum perhaps not more than
$4,000 SIS 600 would he demanded by the nolders
OF certificates OF deposits II The bank were Tree to
transact business
| There are several heavy dcposors in the bank
| among the business men VI TINS CITY, none OF whom
| has sought 20 draw his funds. They express the
fullest confidence IN the stability OF the bank and OF
It's ability TO speedily adjust the asils OF It's agencies
living outside OF Austin, and grew OF their reIa
| ton with the agency al Hamilton.