New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22
THE RANKS SECURE.

The run on the Fourth National Bank which
began on Friday was continued Saturday, with
smaller crowd which decreased rapidly, as ready pay
ments were made, and each satisfied deposltor coming
forth told the that the bank was pretty safe BY
u o'clock the run had lost all the elements Of panic
and the crowd had dwndled TO dozen men, who
seemed convinced Of having east upon the bank gratu
itous insult in demanding their money at ALL At3 the
run was over and although the hank officers announced
that they would extend bank hours TO O'clock IN order
that every one might be satisfied, few prohted by the
permission The suave bank telers continued the BUSH
ness OF tho day il the struggle had been Of the most
trling character. Within these few hours, however,
nearly 100000 had been paid out.
The Bank President. Mr.. Calhoun was found by THE
TRIBUNE reporter in his Office, apparently unrufed by
the proceedings Of the day. In reply TO inquiries he
said that the run THAT frightened them in
the least The assets OF the bank good any
on EARTH and they held them well in hand they would
not fear any run that could be made on Them The
panic he believed had spent itself. It came suddenly,
and was likely in consequence to be merely panic and
not a CONFUSION. The failure Of Jay Cooke & Co. had
created anxiety among the most substantial inst-
tuons it presumed to be one OF the most
substantial With Fisk Hatch, the fat in tho fire,
and with other failures following hard upon and rumors
and wild suggestions coming upon that the who6name
burst forth But IN fact aside from the direct effects OF
the panic mercantile business was never better than
now IL is prosperous in every department Merchants
from the South and West here in greater numbers.
and are buying more literally than for six or seven
yrars before.
A GOOD PROSPECT FOR NATIONAL, STATE AND saw
INGs INSTITUTIONS.
Saturday was a busy day for the savings,
national and State banks uptown; although there were
no symptoms OF financial disorder in any above Cham
bers-st. and On the contrary many Of these
institutions proted by the late di sasters downtown
and in number OF the savings and national banks
Broadway and Sixth and Elghthaves the deposits ex-
ceeded in the drafts The bank Presidents were
unanimous in the opinion that all the institutions that
remained firm Saturday would be entirely out OF dan
GER as an abundance Of money would be in circulation
on Monday.
At the New-York National Exchange Bank, at
Chambersst. and College place, there was long line Of
depositors, and few with checks to be cashed The
President that he felt apprehension business
not affected either way
Henry D. loves Cashier of the Security State Bank
at No. $40 Broadway, said Many have supposed that
we would have trouble as the Bank of the Common
wealth cleared for The clearances of Friday, how
ever have all be made and another bank will be found
TO for to-day Our only trouble now TO obtain
bills but we are secure, and shall be douby Mon
day, just sold sl5O0OO worth OF Government
bonds"
The Central National Bank, at No. $40 Broadway,
w. H. Oakley. the cashier OF the Citizens National
Bank at No. 3si Broadway, said they paying out
money freely mostly In small for wages. but this
was nothing than their usual Saturdays business
President Bruton OF the Dry Goods Bank, at No. BAT
Broadway said that they paying out little more
freely perhaps than ordinarily but that they found
no
President W. b. Palmer Of the Tenth National Bank,
at No sts Broadway said that they had received much
more on Saturday than they had paid out and
himself as having no fear for the banks safety.
"The Ninth National Bank" at Nos. 4O7 and 400
Broadway said Mr.. HILL the Vlce-President. Z" Is
stronger in cash than this day week by 100000,
and there is 10 disposition the part Of depostors
draw.
President Campbell Of the Pacific State Bank at No.
40 Broadway said they had sOoO0C0 in reserve, and
were never in q better condition.
"The Manufacturer and Merchants Bank" at No.
sci Broadway said the cashier T. ID. Warren, is OF
trouble and our deposits to-day Saturday are more
than payments"
At the East River National at No. 632 Broadway and
the Manhattan Savings, at No. GAL Broadway, every
thing went on with the usual regularity.
also the case the Bank Of the Metropolis and at the
Germania Savings Bank. in Unionsquare-r eported all
right on Friday.
on Elghth-ave. the New-York. Clinton North River.
and Franklin Savings Banks and the West Side state
Bank were free from embarrassment.
All the savings banks on SiXth-ave. went through
with the routine Of business attendant upon the ending
of week and a general payment OF wages, though
nothing had happened. The financial trouble OF Wall
st. had affected them, NOE is it likely that it will
The usual busy scene of Saturday repeated at
the East River Savings Bank at No. Chambersst The
Secretary. Charles A. Williams, stated that the
tinued run upon and suspension OF OF the down
town banks, was OF no direct effect on them Amy
upon their bank could easily be met.
The same gng condition OF affairs reported
M the Atlantic Savings Bank at No. is5 Chatham-st.
President Hall stated that there had been variation
in the usual business OF Siturdy ana that no antici
pated no Ill effect, should other oi the discount
banks suspend payment. lie reported surplus over
all liabilities including deposits and interest. OF $685..
722 35 They could pay S0VOOOO very short notice
Secretary Bunco. OF the Citizens Savings Bank. No.
IS Bowery repeated nearly tho Sauna story. Deposits