The New York herald., 1873-09-23
Other Banks.


visit among the other banks showed also that
matters had improved to a surprising extent All
panicky feeling seemed to have gone, people
walked In and out in their usual manner, there
were no "runs" and everybody appeared
happy after the terrible strain Of the
past lew days. The President OF the Bank of Com
merce, Mr.. Vail, said that he thought the action
OF the government in buying the tive-twenties was
a wise measure and had done o great deal to re-
lieve the pressure. The President OF the Third
National, Mr.. Jordan, was OF the same opinion
and he said that now all banks would no
doubt, 20 on in their usual manner Mr.. Morrison,
OF the Manhattan Company, was OF opinion that
the issuing OF the loan certificates had done more
than oil else, and that 1t was the second time the
measure had proved salutary. MIR. Kennedy and
the Bank President also believed in the soundness
measure had been resorted TO they did not see how
the banks could have pulled through. The CASH
proved Ieellng. As all stocks had recovered splen-
didy, it told good story OF the confidence which
was beginning to reanimate the whole mercantile
The officers OF the Bulls Head Bank, No. $40
Third avenue stated yesterday that the bank could
not possibly be in sOunder condition tnan 1t Is at
present. AS soon as the first alarm OF danger had
been heard the President OF the institution set
about preparing for an emergency, and succeeded
in placing the bank above every chance of being
taken unawares, Up to noon yesterday there was
promptly that whatever fears might have been felt
by depositors they were soon speedily dispelled,
and during the rest OF the day the confidence OF de-
terday were Sl22,OO0 against $4,000 ior the same
day last week. The amount paid out yesterday
exceeded that paid out on the same day last week
by $l1, 600 The bank officers say that they were
prepared yesterday to pay every dollar on deposit In
the bank. AS it turned out, the depositors having
shown their confidence so plainly during the alter
noon, this bank was enabled to help some other
banking institutions tnat were somewhat pressed.
The officials at the Broadway Bank, opposite the
new Post ONCE, state, 'NO run and more ex-
pected deposits than usual"
Importers and Traders National Bank states,
''No run whatever and hope the press will not in
crease the panic"
Merchants Exchange National Bank-"No run
and quiet as o Sunday"
In the Murray Hill bank the deposits amount to
received on deposit than was paid out, and deIosi-
tors, to judge by their absence yesterday, seemed
TO have confidence In the ability OF the institution
to pay all demands made upon 1T. The money at
the disposal OF the bank is about twenty-five. or
thirty per cent OF the total amount on deposit.
terday by the current rumors OF panic or monetary
distress. Business went on about as quietly as
usual. Yesterday not more than $4,000 vas
drawn from the bank, q sum less than Is usua on
some Mondays. The total amount OF deposits IN
the Fifth National Is about 100000, covered by
twenty-five per cent Of that amount as Is required
by law.
The Oriental Bank, 122 Bowery, has about
81 10000 on deposit 1t has capital Of S30O,tOO,
with q surplus OF $340,000 According to the bank
saturday last. Everything was quiet yesterday.
full confidence being shown toward the institution
by the patrons.
The butchers and Drovers' Bank was as q,Iet
yesterday as II there was nothing unusual gong
on in the money circles. Not semblance OF q fun
but congratulate themselves that depositOrs aad
fears,