National Republican., 1873-03-12


among dead and dying fat bank oficers, andwere |
full Of wrath because they couldn't md them. |
There were several strong men, too, who live In
this community, and who hung on the outskirts
Of the crowd, Offering to bet any amount that
the bank was solvent and would pay every dol
lar. Says one: "I1l bet thousand dollars, aud
put the money up, that the bank can't bo broke"
and no one took II. Another said: "If had
ten thousand dollars In that tank, I'D
put another ten thousand with It before I'D draw
out cent" A young German came along, say
ing "Tve some mOnish In dat pank, mt mine
Got Won himmcl, II can sthay dere." ono fellow
came frantically rushing into the crowd singing
out to everybody he met, "whercs Nike Urell7
Where's MIke7 Everything Is going to Smith
ereensi" "And what the dlyll TO do you want
OF Mike7" asked an Emeraldor near by. "Howly
mitheri where's MlkeT" he again brawled out;
| "theyye got the money Of the HibcrnlAn
Society, and he can get IT, you spalpeen
ye. where's Mke?" "i wouldn't have done
one thing n III been them" said another. "This
bank Is sound, and IT, folly TO have that sign out
that they'll keep open TIL 10 O'Clock. They
should close at 3, Just Ike any other bank
Says another: &" Now, look at that man and
woman. They have got their money out-qulte
a roll OF IT, They arc green as pumpkins
They'll lose II before night" Aud another: "Sce
that woman reading paper Now shell go
and make an ass Of herself, like the rest Of
them" ffOm one remark learn all.
Towards evening the storm had pretty much
subsidized, aud much good feeling was created by
| the speeches made to the crowd by Mr.. J, C..
Mckelden, president Of the Second National
bank, by MT. =. I. Suit aud by Gen. Darlington,
all OF them speaking IN the highest terms
Of praise Of Mr. Ruf, and ayowing an
absolute belief In his perfect integrity.
Later in tho evening" from . to /? o'clock, q
very calm surrey was taken OF the nelh, and the
probabilities Of to-day forecast,
| First, to the credit OF the bank, tho very i'm
| portant admission was made that during the
"run" yesterday every check presented at the
counter was promptly paid. Secondly, II was
admitted that the oticers Of other banks in town
had prorered any amount Of money necessary
to sustain Mr.. Rnf, and that their proners In
many Instances had taken on substantial forms.
Thirdly, II was known from positive evidence
that when the bank concluded operations last
night the tCllers stood amid thousands on thou'
sands Of real bona fis greenbacks ready for de-
livery to "uneasy deposItors" to-day. fourthy.
II was not forgotten that the business
men OF the city, the "mcrchant princes,
and the guides ln public opinion ell spoke conf
IDENTITY OF the Integrity OF the bank; and six.
teenthly and lastly, It happened TO dawn on the
minds Of all the deposltors that one days warn.
ing had now been given, AMI that "callcd loans
might per chance come In with a rush thai
would astonish and overwhelm all "doubtinG
Thomlses.' Al these things, to repeat, had 1
most reassuring effect, aud enabled Mr Run ant
his friends to take q glass OF seltEer with an un
ruined spirit. To sun up, the bank has abou
3 three thousand accounts. Yesterday some rev
I enteen hundred presented checks, all OF whlcl
I were paid. The highest amount drawn on an
Q one check was sis,OJo. The bank will open thi
8 morning. at 10 O'Clock, and proceed with bus
= moss as usual.
L OF the intentions OF the officers Of the bank W
+ have Information hardly In q shape to give to III
public to-day, but this much may be safely statet
+ that On the lst Of April next the "Washngto
r City Savings Bank" will assume few from an
b have new name. II will also have a solid cas-
q capital Of how many thousands It Is not necei
r sary TO state, nor that there are nine wealth
: lncOrporators-Nll this will he told In due time
but suficc II to say that the interests OF dcpos
y ltors now are 10 be enhanced by the new arrang,
Il mehts contemplated.
l. Tho Freedmen's Savings Bank, where ,it va
J. anticipated that another run would occur worke
d along ln Its usual routine way, no crowd bein
l. noticeable about the bank during the entire dal
J., At noon there were only about sixteen person
d In the bank, some deposltng aud others draw
a ing funds, while no Indications were given
e snow that any uneaslness was ielt cOnceTnln
;. the safety Of the lnstitution. The cashier CAV
y assurances that they were fully able to meet a
II demands, and eonsoled themselves with the fat
A that as their dcposltors had once made a rush O
G. thom and been satisfied, II would he difficult
II induce them to make a second attempt.
le At the National Savings bank, Ii. A. wiar
1t president, no change was noticeable from Il
o usual routine, and matters during the day pr
le gressed as usual.
s, The German-American Savings bank, on Sc
N enth street, above L, was not disturbed by ii
panic. Among the eorPorators OF this bank a
10 many Of our substantial German and America
S, citizens. The bank always keeps II sum on haI
70 equal 10 one fourth Of the aggregate deposits
ID Cnite1 States securities, which eau be realZ
d. at any time, and the loans made upon frst-cla
is real estate security In the District Of COlumb
y never exceed In the aggregate three fourths
T. the funds Of the bank. Deposits OF 81 or mo-
of are received, and such interest as the profits
a the bank will allow Is paid on all sums remalniI
II on deposit one month or longer. Such Leposi
sr are designated as ordinary deposits. Businc
@ deposits, payable on demand by checks, bel
g three per cent. interest on the average daily la
Ie ances Of such accounts, and Is added or pa
1t semLannually on the ist days Of July and Ja
o nary.