, 1877-08-29
THE SITUATION.


| A reporter called on John C, uotues. thA
President Of the Fidelity, last evening. to get
Ills views regarding the effect of the suspension.
Hc said:
~ bclicrc the irritation since tho middle Of
Iufy among tho dcposltors Ia earlngs-banks,
and their desire to draw tlcls money, was occa,
stoned largely BY tho dissrust that existed in tho
minds Of tho community as to thu so!vcncy
Of the State, anu particularly Us to tho
integrity Of Its President, Ar. Spencer. Hat
it not baen for these doubts ami suspicious
that surrounded him and hts character, va
would have had no trouble hero whatever,
Ihcrc would hare been no Fun, aud the cxctu.-
ment would hare died out. Now, that tho
hubble Is broken, and tho true lnxardncss pf
the thing las become known, tic sutpcu<lon
ough: not 10 affect seriously tho other saving.
! banks."
"Thc other banks arc not interested dollar,
unde, standi"
"Tha. k true. No sav'ngs bank In the city
had any connection with tic State, direct o,
rcmnto."
"Thcn It's losses will not Affect them In tho
icastl"
"No. Their capital is not impaired at alt.
vcncy. The Fidelity will open its doors tor
business IN the morning, and tho others will da
the sanlc."
Another gentleman with whom tho reporter
conyerkcl stated that Mr.. Hatncs Ind known Af
tue weakness of the State. md fcartnf- thr ~
suits OF . failure bad boon quietly making prop.
atations for run, II there was to be QUE. llv
has mado no bad Investments, and Is satd to
hare $500 000 ia Ills yaults ready to BE- dealt u,,t
should it be called for.
sYpyEY urEus.
a reporter also called On sydney Myer., Of
the Merrt,auts', Farmers and MECHANICS, aay-,
inga Bank. The gentleman was found attcn-
tiycly listening to tho rrading of \ late novel.
and BY nj means dt.t ho seem to be perturLcJ,
Tho scribe, upon making his bu.Ines, known.
diverted tho gentlctnau's attention In n,ufncut.
and secured su Interview which may throw some
l.aht upon his expectations. lis hah lranl. ia
said, a street 11snor, that the statc saving.
Bank was in trouble, but he dill not Dctt,y,. IT,
"But," added tho reporter, "thc institution
ltaa made IN assignment, sud will not npcn to-
1nurrow.'
~ don't bellcYe It." was his responsc, "fos
cannot conccIYc Ut any cau.c frr H."
"fsut, as matter OF fact. II haa Closed"
allow can that bel The President Ii uvay.u
The reporter was not authorized to cxnl.ln.
but venturcd tho query u Ia what elect llo
closing Of tue Statu sxStngs would i,ayu un his
bank. Ills responso was, "Sunc whatever.
Ny deposits for several DAYS, notwithstanding
tic strcct tutaors, hare been greater tlau tho
drslts."
"But, suppoaing that the State saytueu ba
closed, aud, ns incidental ihcrcto. rim sln,u1i
10 made on your Institution, what thepr'
swell. have been In buslness fttern yeaE.,
have perpetual chas.cr. and am doing salo
busEncrs."
"Could you pay iii demsndsr'
~ woui.i moi snswcr that direct, but I nm
safe In any emergency. Iwss 1al.ca a sailor.
an4 in storms atl ro hare to do Ia to trim mir
sall accorltnely.r
"Aud thls Il u .tormrs
II do not auttc,uatc anv trorhle.n
"put, supno.o 4 run alouI,l In mad. nm
your'
swell. Itboutd yfev ths sJtu.tfo .nd or,
arcordluely."
eWouli ym, t.ke .dv.nt,vo ~ H.. .Ixtx.,..