Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-08-11

The dwelling itself was too small to accom-
modate the score of actors who came from
professional es prit de corps, for not half q
dozen Of them knew Fechter, and some of
the pall-bearers, even, were not on friendly
terms with him. The only ladies present
were personal friends of the Price family,
and flowers came from them alone.
MONTREAL's CRISIS.
The Failure of another Ba,azc Precipjtates
a Cr,sis--Thc Great Ran, on the City
Savings BANK WOmen Painting and
Men Satfocating.
Montreal Special, Aug. s..
The excitement in connection with the
banks has overshadowed all other subjects
here to-day, and created almost suspension
of business. The failure of the Exchange
bank yesterday, coming so soon after the
CONSOLIDATED, had weakened public con IL
dence, and many bill holders and depositors
waited with anxiety the opening of some of
the banks this morning. st. James street,
upon which most of our banks are located,
was crowded with people from an early hour
The chief interest conferred apparently at the
Vile Marie bank, an institution with
$l 900, 900 capital, founded and chiefly pat
ronlzed by French Canadians. For some
time back this bank has been under cloud,
although it was represented to be sound and
well able to meet its liabilities. At
THE OPENING OF IT'S DooIs
at 10 A. NJ. there was rush to the counter
and urgent demands made for gold for the
bills and deposits. For nearly an hour the
demands of the frantic and surging crowd
we're promptly met, but, as the throng kept
constantly increasing, it was deemed BEST BY
the directors, who had been hastily summon
ed, to suspend, as they had not sufficient
money on hand to meet the sudden emer-
gency that had arisen. An official having
announced the suspension, scene of in
descrlbable uproar occurred, and denuncia-
tions were hurled at every one connected
with the institution. At this time the crowd
was so large SIS to fill the bank and the
streets around it. In the course of some
time the people gradually left, anything but
satisfied with the result. AS soon as it was
known the Vile Marie bank had collapsed
and run was in progress at the Hoche-
laga,
THE EXCITEMENT
rose to fever heat, and the dense crowds that
filled St. James street made rush for the
old and well tried institution known as the
City and District Savings Bank. This is
par excellence the workingman's savings
bank of Montreal, and in it 10000 hard
working men and women have their hard
earned savings, amounting to $4,000. 900, de-
posted. The bank has on several former
occasions calamity met and surmounted
t1mao nf Eyor so1 =
paid out to the last dollar the demandz
made upon it. tits
NOT BANK OF ISSUE,
merely of deposit. Shortly after II O'Clock
vigorous run commenced, increasing
every moment ag the news of the banking
disasters spread over thecity. The splendid
and commodious banking house was soon
filled with perspiring throng of men and
women, young and old, and all clamoring
for precedence at the counter. The weak
had to give way to the strong, and many
women were carried out fainting, with their
clothes almost torn off their backs.
THE DIRECTORS,
all of whom are men of frst-class standing
in the city, had the presence of mind to for
see what effect the failure of several banks
within few days of each other would have
upon the poor and ignorant classes, and were
fully prepared for the emergency. About a
million of money, in Bank Of Montreal bills,
Dominion notes. and gold was in the vaults,
ready for paying away, and securities
to $3, 100000 more were ready
for instant conversion if the pressure lasted.
They were determined to uphold the credit
of the bank at all hazards. Receiving money
was instantly suspended, and every official Of
the institution was converted into paying
eller, and notices put up
THAT TEE BANK WOULD NOT CLOSE IT'S
DOORS
if it should take all day and all night, whilst
a depositor wanted to be paid. The directors
remained in the bank all day land by their pres
ence and personal assurances did much to
allay the excitement. little before 8
O'Clock. while the bank was crowded to suffo-
cation, DR.. Kingston, having made his ap-
pearance, stood up on counter, and was re-
ceived with cheers. He said: ssLadies and
gentlemen, as there is an immense press of
business to-day in this bank, instead of clos
ing at o'clock, as usual, it will continue
open as long as there is light to work, and
will commence tomorrow as soon as light
appears, should there be any need of it.
Tremendous cheers. AS to fears of the
bank, it is hardly necessary to state to any
well-informed person (the well-informed are
not troubling us) that the bank is prepared
to pay every depositor and leave a very large
surplus over" [Cheers.] The Doctor con-
cluded by saying he had no fears for the sta
bility of the bank. After DR.. Kingston had
made these remarks,
MR.. COURsoI, M. F.,
made some remarks in French, saying that
the run might 60 on for one, two or three
days, or a year, aud the bank would have
large amount left after all had been salts
fed. Cheers. A large number then left
but many, notably women who might have
been servants from appearances, struggled
and pushed to get place at the telier's
wicket. Crowds Of people renamed in the
vicinity of the bank all day discussing the
state of affairs. Pickpockets were busy, and
eased several frightened depositors of
amounts they had withdrawn. The directors
wrived their rights to fifteen days. grace
from large depositors, and paid all, without
any discrimination, on demand.
Bre,cer Mattocks Or "Any Other Minister
Litchfeld News-Ledger.
Brewer Mattocks, st. Paul minister,
makes an uncalled-for attack on sewing-girls
of that city. A writer in the Pioneer Press
gives Rev. Mattocks as good as he sends.
Brewer Mattocks should not forget that his
calling does not protect him in wanton at
tacks upon an honest calling. A poor girl,
even though she is compelled to sew or do
other honest work for a living, is as sensi-
tive of her fair name as Brewer Mattocks,
or any other minister.
No Formidable Rtvos for Pfae,,de,.
Redwood Gazette.