, 1873-09-28

pressed Ills willingness to convorae upon imam
cial topics Immediately conoorning aud outside
of the intorosts ho is controlling. A lively con-
vorsatton waH soon In proKroBB. tho 8alont parta
Of which aro vol worthy Of publication. Thua
| 1t ran. 4
neporler-Well, Mr. Enftcott, It nuat DO 4
Honroo Of intonso aatiafacsion to you to continue
| carrying or yuur llnstnosa usual. DO no kind
~ to toll mo whore lioa tho Hocrot OF your
hfr. Endicott-wftt, p1eaaure, pir. Our
| strength ,nninly lloa In tho fact that tho
bllsnesH Of our bank is purely local, and II thus
but littlo affected by Outside trouble. Additional
Htrength has boon gained by restriction Of
buanoHs and gonoral preparation, during tho
| past weak or 30, for the shock, which INV was
| lnevithbly coming.
lsoporter-Am1 to understand you to say that
It ie dangerous for city bank 10 transact coun-
try buainesB,-to become tile depository Of funds
belonging to interior concornn2
too % a,epns Dus T vii sag ths hasat st e I'll. T.
ing. on dopoait on call Of largo aurns Of money,
aud plying therofor from to Q por cont intor-
oat, is essentially unsound banking. Such BurnH
loauod by tic bank, il possible on esll, il not on
time. Upon tho occurrence Of financial furry
theao depostors with ono consent apply to With
draw tho funds, tho banker calls In Ills loans II
|
sound Bystom Ia folt oven moro hore than In New
York, whero bnnkor finds no difficulty In
1oaning Huch funds, Oh call, secured BY
what y, ordinarily worry readily convertible col
iatorai, IN tno ahapc OF BLOCKS horo 6acn col.
lateral Ia not available, and tho banker Ia forced
to tofoan hla fntcrest-boaring country deposits
on call, on sccurtioH, with perhaps from thirty
h,an - s11sy H. hayn TO rah. Iho nx no 10 IN when
Neportor--,How do you lud customers behhy-
nsn ;.,y ~ tnoy appreciate your chdoh7ors 70
AoNE N}Er sIWsK WnKa;r,.tI I1r,or , .,.
w;tho,t oHeonion thS9 90; ana hhvo, a.n'oas
d. ia1 ,s1 ene n'.noas connaonco IN 1e:
H.. nna ~. cutlonIy IN our vaults iast ngat
for itenf M nra ooonentv 3on ,aes oa wn'cn speaks
~ sset .AotI Ioao!unniy ta4y taaan Woros
p} v;s 70 9asaao se. enstomers approached
heun haI evnicstions ~ ~ toEn iaa' low aaya ne
n,,o+o ~. a ,or sy nnT No.
ioo, =. D conrsn +afusa1 "o'' 'no5 n"So
Tia; nn;norterIYhat % do vou think q, thu nro,ont
Mr. Endicott-The ultimate result rests with
snn po9pIG o. sne % unl.eu i ssasos lucy an'e Tue
@ ov sra st;n1 w W ,ha nasi;on xIasa ,a
no tpnir @ dooaion o Io'oD'0 " 'Ao oouf' oop'paS
"pon t'olF uuulaaon. as,s,. n'la., =,
oi,na, =. ,,a,sai 49, 11"m Woaa .o p,,
as ft,, 90 ~ T. t ta IT,
onaR 'hp tem eusedsrs az Mtn gu a OF eonh.a.
Iofy. ~ suu - n.noS 'eP iot WIZ i
| romSrkoi tl,ot III lis nninioD fna 1vorut ~ +io
nnnc so far aa 1hica1n was concarn"d hai
boon seen. The bank ho CONTROLLED promised to
fra caa mnana ~ tho hank wepe eu ate,J,1v nj moJn IN.
oroaeinr. tho oustomera were bringiue In
currency steadily. ono man who lid a a
"a mn acnonit m cali hro,,rht IN wb,ln thn
rennrter was in the preei1ontfs sanctmm a con.
| tiam.r tia l,chv nronriator ~ two nnckctf Pills
Of @ greoubnckn. @ % agereeating $1,000. An animat.
ed converaatton easued upon tho introduction Of
&. What Ind hottcr d69 With nv currancv 7r'
asyed lho 1uehv nronriotor of tha Hankor.
& EYcrcfso yo,,r avn im1cmcnt IN tTa m.ttcr II
hftnr a 1itta "nnsiaerat;on 1T tha anhiect :,
mnyoment townrda tho nf1ico Ena main hv thn
rontlam,n ond IN iva m;n,'tcs thc recs,v,ne
tssr Ind conntatl tint money and thu usual re-,
I saint wnn e;von IN sYchan1o hTh;o 10 Tho anrt ~
tb;pr tHnt ia ,ra,,ta5 - rs.toro afars ~ ~ H.
natnrnI cnurno. with repard to tia nav
mant of interest on LARGO ecaiI donosits XII XII.
Heed oxprossed hlmaof in un-
aused n II rsds consider tho og sgstem e d.
hut 4 10 g. ,,ro ro,da},a ap;i K w. IN n hoan,sS,
@ Nav ;" Yorh y; M hanHnrs do X IF ws dccine ~ do
40 +,aso ha1oncaa viii II ha acnt r. Nnw yora - :
A. +ha ronnrtar ioft tba 1,nn1s 10 vordarod
bcther Il Wond nat ba hnttar to et them rn to
NV York rnthnr than torn then m conf1;2,ons
wh;ch ;mnar }a saSctv ' ~ IL" hsnl, racn;y"n
thon N'poA'A WV '~'''' - ''1e e~'A'> A''N''1e
TIE sAIl9nAL BASh " r. l1iaS1ls s|o
"aa "lue olen aua tiansactea ~ usual ous1dseBs
q cohYeIsat1on . WIN ono VI tne onoott
ulongn' 'otth eno tssusance euas .ao pa.ll M'.1
Mouio MehtheF ~, W 40 ,:c salu. 1is .'
pane pane nisa hsu nos ma;n n,aao & any mnotenGe @ II
tnelr ous'1gas. ei Lngli @ aceounss were ~ conl
nesc1al; tiey A9ps no eratn % nccounts' Ill., no
"e9o lucy 'ooteu ~ eopa.i5 pks' .s. no lssu
ioan serteaiGa Moulo " longse W tno assingeaGy
atu onaoIo te M "est .o hogn ene ptooncts M o. s
narvoat ~ a'e 49,, ICY Iou'u !l set o.ne
pank e1oots 1s t1on Ino Gas., ana III tnat Way
tetnp9raty mouan' % H. ~ eacnanEe "9utu " os.ao
nnioai IL mouau nAe ~ aa1 Ahoo ,oauans, p!o
sioea .ha. ioE eSosy uoar u Eann cnf[oncy 10
ounu; ,roni vamt ~ ;nosia ou ~