Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-19
justed, and that they will resume payment
FAINT, WASHINGTON AND co.


nibbling his pencil, waiting for customers. Mr..
FAINT said his business was progressing as usual,
and he had seen no symptoms of nervousness,
nor did he think the effects of the suspe nsion OF
| Jaw Cooke & Co. would be felt nv the other
banks in this city He thought the Secretary OF
the Treasury had it within his power to crush
out all panic and excitement in New York, aud
| throughout the country, and would do so. as he
had done before, if applied TO by the banker
and merchants for relief He thought the bank
| or this city as sound as ever, and that the run
would be confined TO the Savings Bank only 10.
| short time.
| THE WASHINGTON CITY sAvINGNs BANK.
From the fact that this savings bank prompt
ly pays call, it is always liable to have a
upon it from its host of depOsitOrs on occasions
of financial panic. This morning some twenty
persons were at the door before the hour OF
| opening, and by 10 O'Clock the number had in
creased to about two hundred. A detail of po-
lice, under Lieut.. Kelly, were sent to keep or
der, and very soon after, the anxious ones were
made to take their places in double nle, ranged
around the corner, and M Louisiana avenue.
Most Of these persons were of the class having
| small deposits, and but very few were mer-
| chants or business men.
About IL O'Clock Mr.. Ruff appeared on the
street on his way to the private entrance TO the
| bank, in perfectly placid state of mind Here
| he was button holed by an elderly lady, who
seemed somewhat excited. Said she:-" Mr..
Kun, can't you let me in to get my money? All
| have Is in here, and if your bank breaks |
| would drop right down dead on the spot" Mr.
Ruff Madam, your money is all safe, and
/
| dollar ieturned at the counter; but have con-
Guided to let no one in the back door this time;
tried 1t before, and lind that it retards bust
ness and gives dissatisfaction to the public"
| Then, must | take my place in the line with
| the others?" Mr.. Ruff think you had bet
| ter do so; take your turn with the rest"
The reporter was invited in by Mr.. Ruff, and
| remarked to him as he entered, "Well, l see
| you have the Philistines upon you again"
| Mr.. Run (laughing).-"Yes. Well, it can't
| be helped: the events OF yesterday in Sew York
i of course is the cause of it, but | hope the
public will see the folly of getting excited; it is
l the public every way"
Reporter.-''Do you feel nervous about the
/ matter?H
means to meet the demands of every deposition
Reporter.-"Are there any heavy depOSitors
| Withdrawing"
| Mr.. Rho, sir; look over the crowd in the
| lines outside and you can't see more than half
dozen merchants or business men; nearly ali
| are small depositors; this is srepetition OF the
| other run, and confined to persons of small
means OF course il is natural that il is SO, hut
| the feeling OF panic is among them AMI will
have its run, l suppose"
Repcster.-"Yeu feel confident of the ability
| of the bank to meet any pressure then
MIR. f.-''Perfectly; we have government
| ana state bonds and good mercantile paper, all
l convertible into cash within a weeks tine
| sufficient To meet any demands that can posi-
BILE be made upon u.s."
| Reporter.-''Has the bank been reorganized
| since the last run made upon it,
Mr.. Ruf.-"Yes; it is now chartered with
| paid up capital of $4,000 since the last run;
$4,000 was paid in about the LIST of July, and
| $4,000 since that time, and our government
| bonds we keep in our own vaults"
| Reporter.-"Had you any transaction with
Jay Cooke & Co. involving your own means?"
| Mr.. Ruff.-"Never; we owe them nothing
and they owe us nothing"
Reporter.-"Does not your charter give you
the power to require Of depositor thirty days
| notice to make their Withdrawals"
| Mr.. Ruh-"Ies, sir; but in making our rules
we did not deem it necessary to embody this
privilege in them given by the charter, and
don't wish to avail ourselves OF it at all, as we
| on call"
Reporter.-"when was the bank reorgan-
ized?"
Mr.. Ruff-"At meeting of the corporation
on the oth OF February, 1873, the old charter OF
one under the act Of March 5, $50, accepted -
| Reporter.-"lt is rather hard that you are
subjected to these troubles not of your OWL
| making"
Mr.. Ruf.-''Yes; but it is worse for the de
positors and the public; it creates dstrust and
stagnates business, but think this will be Of
| short Duration"
Here our reporter left, with the conviction
that the Washington City Savings Bank is just
about as sound banking institution as there is
| i'll the country.
| on the outside the lines at II O'Clock were not
increased at all, and the excitement seemed to
| be dying out.
Meeting Col. Bramhall in the crowd the STAR
reporter inquired If he felt Panicky, when he
| stated ''nOt in the least" 81 believe Mr.. Raj.
| the president, TO be careful and prudent
| banker, and all the officers connected with the
institution men of integrity and fully able to
| meet every depositor with the cash. I have
some six or seven thousand dollars on deposit
here, which do not propose to touch"
Here an elderly gentleman, a clerk in the
| Pension Office, stated that during the late run
| on this bank he had some five hundred dollars
deposited and after standing in the ranks nearly
| all day he gained admission, and seeing the pile
| OF greenbacks stacked up on the counter near
| the close Of the day, he returned his bank book
| to his pocket and walked out again, leaving his
1 money there, and he was not going TO give him
self trouble this time, but let It remain.
| AT O'Clock to-day the crowd around the
| Washington City Savings Bank had dWindled
| down to about half the number there this morn
| ing, and very few appeared TO be coming in.
| NATIONAL METROPOLITAN BANK
This stauncR old bank, which has stood the
| pressure of all the past financial storms when
| other banks succumbed, seems to be as fully
anchored as ever in the confidence of the pub
| lie. When our reporter was there the paving
| teller was idle while the receiving teller was
busy receiving the usual current deposits OF our
business men. The bank officers stated that
| there had been no fuctuation whatever in the
usual routine of their business, and they did not
| expect any, though, OF course, they were album
| dainty able to meet the demands Of all deposit
| tors.
THE SECOND NATIONAL BANK,
on street, was transactng business as usual
this morning, and the president, Mr.. Nickel
| den, was found attending to the improvements
| in front of the bank. He stated that he had
| been anticipating crash in New York and
for some weeks had been preparing for it. They
now had on deposit in the bank cash enough to
| pay all depositors, with the exception of a few
thousand dollars, and against this they had a
| credit for over $40 900 in New York.
NATIONAL BANK OF THE REPUBLIC.
AT this bank, the teller, Mr.. Duncanson, was
found at his post and ready for business, and
MIR. Charles Bradley, cashier, with Mr.. NJ. G.
Emery and Major Fugitt, was in his room. Mr..
Bradley stated that the suspension up town
could not affect his bank, and that the Republic
bank was in as strong a condition to-day a
ever, and ready to meet every obligation. No
run is anticipated.
THE GRRMAN-AMERICAN SAVINGS BANK.
At this bank there is no excitement whatever,
and business proceeds as usual. This morning
Mr. Hitz, president, and Mr.. A. Eberly, vice
president, were found in the back room as tran.
quill as a summers morning. They stated TO the
representative of The STAR that no run was
anticipated, but that they are fully prepared
for one. Such is the confidence of their deposi
tors in the management OF the bank however
that there are no fears. The depositors are Sc,
cured by real estate. for double the amount on
depOsit. They will % N M q ffactad r., 81