Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-03-11
LOCAL NEWS
THE SAVINGS BANKS
Useesipes. Of some Deposition.
The Cspaisso~ OF Anstrro.s,,

banks in this city, seems to have proau,rl (.
feeling OF uneasness among a portion on ~,
depositors in some OF the Institutions there,
referred TO, and this to-day manifested ltself m
a run uron the Washington City saving BANK
an account Of which will be found below To-
gether with some statements a. reference - TIE
rules oi deposit there, aud al the other savings
banks, with other matters OF Interest az tbs
time.
The Run On the WASHINGTON CT, ~a,.
tssS Rank.
This morning WITHIN han hour after tie
several banks we're opened a run commenced
on The Washington City Savings Bank. ami N
reached hundrcds, and the pavemenfs were
blocked mp completely. Mr.. Run. the asher
and his assistants, received the crowd as they
came, and on their demand Tor their deposits
the cash was in each case Forthcoming tie
officers paying over without pause an with
out question.
so GREAT WAS IRE RUSH
that no time was taken "a calculate the inter-
due. This hank has tor some months past ia 4
interest at the rate OF sin per cent per annau,
and being popular savings institution tie
withdrawal OF the claims for Interest Is an iten
10 them The police were early in the DAY
called on 70 marshal the crowd and keen dow i,
ANY disorder. inthe early part eI the day there
were some eScIted persons in the crowd wha
were not very complimentary ~ the oaaecrs
Bat as the dePositors came out with glisteuiug
eyes, some Of them asserting that Ruf'had
"DEAD LOADS OBJ MONEY"
angry talk gradually caused, and the part -
quietly awaited their turn, and IN tim. l...
with light hearts, some taking their spon," ina
their hats. About noon Mr.. =. III. Gassaway. ot
the Second National bank, appeared, and was
admitted by the back door. and I'm a moment
afterwards the aRnOuncement that the Second
Nauonal had left ITO, 600 to help them out. ana
that proffer OF further loan OF sIOo. 400 had
been made, caused an easier feeling 90 prevaIl
among the depositors, and few LEFT, satisfied
that
THEIR FUNps WERE sAFE.
But n the news spread around the city tie
crowd increased I'm size, sad Mr. Run announced
both nom the inside and from the rear door that
if they would give them time they would pay
every cent, and that they should not be disaj,-
pointed; that the bank would be kept open
while there was n person present desiring -
withdraw his deposits
The rules of tbs bank provide that the de-
posts may be withdrawn at will without pre-
yious notice. By one O'Clock the crowd hal
fallen of perceptib,v, aud a large placard.
''wiil Ice open until 90 =. m, To paw on uneasy
delcsitors,' seemed still more 20 restore conn-
dence.
Many wealthy gentlemen during the dav
called or sent word to Mr.. Run that they would
render all the assistance Al their command
To SEE HIN THROUGH.
aud several called TO make large deposits to-
lay, some drawing their deposits from other
banks to deposit IN the savings bank for tho
purpose named. The side door on Louisiana
avenue was bcsieged by ladies, who were al
mitt.d AT that door 10 relieve them from tbs
crowd at the front door. and Mr.. Zephaniab
Jones stood inside 60 aid them. Several who
succeeded in getting i'm. after seeing the plies
OF greenbacks ON the tables behind the couB-
tiers and convincing themselves that al W :
right lett without taking their deposits @.-A
them.
Other Ranks.
At an early hour this morning the number
waiting 10 do business al
THE FREEDMEN's SAVINGS RANK
was somewhat larger than usual, and tie
thought of a run flashed through the minds 81
the officers. hut within half an hour all fears 81
panic vanished, Tor some oI those in waiting
mere n actually fayne lnche s"a ng msontle
This bank paws interest at per cent per IN
mum ON all sums OF ~ or upwards, commencing
on the first day Oh each month, and deposits
may be Withdrawn az will without previous no-
uce. On visiting the institution AT ~ o'clock
to-day eur reporter found the cashier Prof.
WILSON, busiiy engaged, and anxious TO satisfy
all demands He sSSarSd the reporter that they
were able 10 meet al demands, and on beng
asked how he accounted for the absence Of a
run, he replied, '~'h. Won recollect we hal a
slight run once before. and having satisfied our
depositors then, II Nil be difficult To Brighten
them again.
THE GERMAN AMERICAN SAVINGS nANK.
Our reporter called AT the German Amerlcau
savings Bank on 9Th street, and found Mr.. e.
T.. Prentiss, the cashier, attending 90 the usual
rouune business, perfectly calm and collected.
he stated that there had been no run on N AZ
bank, and that they had received the usual
average OF deposits during the dsy. An ng a .
corporstors OF this bank many OF our sub
stAntial German ami American citizens. III :
bank always keeps a sum on hand equal "a one
fourth of the acgregate deposits In nited stats
securities, which can he realized nj any time
and the loans made upon first-ciass real est ,
security IN the District OF Columbia never eN-
coed m the aggregate threc-iourths of the fun! :
OF the bank. Deposits OF one dollar or more ar..
received, and such interest n the profits OF liz
bank viii allow H. paid on all sums rem sipipy
on deposit one month or longer. Such s.eDo.i,s
are designated a. ordinary deposits. ISusin.ss
deposits, payable on demand by checks. bear
uh,ee per cent Interest on the average DALI
balances OF such as'counts and H. added or A.. 4
semi-annually ON the let days vi Juiy aai
AT rHE NATIONAL SAVINGS RANK
m A Willard, president.) up TO \ .',.lo-l
there Was no apiears nee Whatever N; a m,
ana business was being transacted a. u.nsi
Ihls bank allows Interest on deposits. but
oil the intended Withdrawal Of funds