The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-05-28
sP0UTINa SAVINGS.
Continued From Pirs, Page,

wv hbilui Nv WV hi'''i N'N W'N'' f'F'F
probably be nearer twenty-five CENTS
The depoBlia offered on Saturday,
TO about one thousand dol
lars, were taken, but not placed TO the
credit accounts on tho books, and were
returned yesterday. Considerable OBJ
lection was urged by tho other
and many claim that this
sum ought 10 have been included In
tho assets.
The incidents yesterday were, In
some respects, quite amusing. A
sporting man, when asked II he was
loser, replied, mo, you darn IDIOT do
you suppose I'd deposit my roll In u
Jim crow bank like that? Not much"
Another man was heard TO remark,
when psked the cause OF such crowd
being present, that "the institution
was closed for repairsb Several fee
males paced up aud down In front OF
the building with checks In their
hands, and tears In their eyes. A me-
gro made an effort TO ''see do boss oh
do bank, M he called him, by going
around to the back door. He said to
another colored sufferer, who had u
deposit In the bank OF fifty dollars,
"G'long, nlggah, and claim yer rights
I've tried but lts no go. Dey ought to
pay mo for had TO scuille mighty
hard for II. Desc big, high'toned folks
can stand to lose 1t. but can't, and
no foollshness," but he left with II
frown on his face. II. Cohn, II pawn
broker, secured package OF five hum
dred dollars In scrip, which he had
placed In tho bank for bookkeeping.
As he walked out he said, "Vell, II
shows they Amt dam thieves al.
together, for they could hef sold this"
About noon the excitement had be-
gan TO subslde, when n number OF col
ored men who had deposited their
earnings In the bank, gathered In
front OF the doors looking wistfully In.
They were "ruined u to use their own
expression, and no they were, for their
earnings were all gone, The losses
fell prnclpolly upon the poorer classes
where Il will DO felt the heaviest.
A call was made Ivy n GERALD repreS
sentative upon all the other four banks
In the city. Captain Harde said he
did not anticipate anything like run
on his, the City bank. He had sulll.
oient funds on hand, however, If run
should be made. He was asked why
he declined to tide Gruber over, and
replied that he would have let him
had the sum he wanted ten thousand
dollars-.but the securities he offered
were OF such II nature that II was inn
possible.
Mr., Kerr, president of the First Ma.
tional, felt able early Ia the morn
ing to meet all demands, and
said he did not expect any
thing like panic or run.
This bank is situated only few doors
below the suspended bank, aud by
reason of It's location naturally attrac.
ted more attention than usual, as the
crowd was on that square. About
noon something of run was made on
the First National, but every one was
turned away satisfied. Deposltors OF
certificates not due for one, two and
three months called for their money
and got it. Sufficient funds and col
laterals are held by this bank to meet
all demands, and the run, II run II
could be called, was not made on ac-
count OF lack Of faith in Its ability to
pay, but as above stated, because 1t
happened to be located where 1t is.
Adams IL Leonard say they have no
fears Of the future being disrupted by
this ripple over tbs financial surface.
"lf Il man or woman has money in
our bank" said Mr.. Adams, at Is his
or hers, and they can get it any time
they call for it," Mr.. Adams said he
had helped Gruber out last winter, and
would have helped him out this time
but the sureties offered would not JUS
thy it. When in New York short
time ago. he telegraphed MIR. Leonard
not to accept any more OF Gruber's
New York exchanges, which shows
that the State Savings was then con-
sidered to be in u weak aud topping
condition.
Mr.. Thomas, OF Gadton & Thomas, of
the Exchange bank, when called upon
said he knew nothing OF Mr.. Gruber's
condition financially, more than was
common rumor. He. was perfectly
able to meet all demands for deposits
Mr.. CASTOR vas absent and had re-
oeived no knowledge OF his appoint
mept as assignee Of the defunct Saw.
ings.
To say that the suspension caused
any great excitement would be eXag-
geration. Small depostors drew their
money. from the banks generally
yesterday, but 1t is now believed
that feeling OF safety exists
with all classes. A close ex,
animation made late yesterday
evening revealed the fact that all
the banks have ample funds to tran
sact even an unusual amount Of bust,
ness, and confidence will no doubt be
general this morning In the ability
md ~ llInnnann Of N Ill tb a hn ., La Il. .>,..