The Bad Lands cow boy. [volume] (Little Missouri, Dakota [i.e. N.D.]) 1884-1886, 1884-05-22

y !Ong " Of their
to lloV eSage from Els mp p srps sus.
pension IA Dsett q S.o ysst grdaySand the
Second Ns6onal Bank opigplfc apn. sass,~ ~
snddeni hshsd. id ftomsthe New
street entrance, forced himself into the West.
X below the mark ~ Ihstans aid srAdpIibfede
Confusion ensued. Blocks of stocks by the.
thousands were hurled on the mSEhetst any,
tstobd alxiouafy officssN showed
PlaInly panic Direct
.gaSa fB as Ssp ama the? ;s
FROM up ftons 6oansf ss1d pam
strpkes d lan aIasei1s gfs NSs SfoughS
.se1nblans rdeTs and brokers
s ea,s Sh1 li sEonn1 the chair.
reesss IS ss'sse sS5haS 81
ceHtract 6hs Charm as siasr voice.
Tie room became more demoraiizeQ Then.
quickly we're announce the,t ispensl6
:G4Re 10 Randall %. 10 Bogarf Il Go, y; o.
Williams and Hatch cote ho biHaS
msf 9ersasisins' thsmsstvss aSsfs
;the thing was going e: stopss Whene theiants
al & sas &ssiRSHsasSss
09 snrplgs, ss, o0oo ia dehoaitst and s1O,
event added greatly to tho Excitement and
panic, both IN and out Of the e96hang ,,esps
q Most exaggerated reports were pifotiIa inn
;mediate a11ntgppp elApa nHfon.
One WIS The fsxaI Morgan q
sCP haaH a 4; 0QQ accSltst opoli-:
dim issas known 81 st Second 81 md
pshsio 81 s tss
Bank a Ahe mp bHcs the the Fourth
Natioaaa they en- Street and banks was
ehpectsA Thee bankssare a1lgsouna institu,;
statement senfsad iSsins / The repor H
Depositors an1iously hurried 70 Several of
the down town instit tons to draw their money,
ln some Gales the linaof Deposition dan
out on the sidewalk and idle but interested
Ss saldss sa sssSs1 IL sR yen ps ths M sss
At 1880 the bank presidents who compose tIfs
clearing house association met to consider tha
situation. These gent emenrepYesant the Lead
ing financial inst Sons New York, and their
action in times OF financial trouble has an I'M
il 1859 and 1873, as they met ifsoday,
and adsptetl neasarsssss asssdred
the public n 81 Ihey III II simply
resolved hat bania viii tate
care Hf thamss tsSasis each Qther with.
cash Ayhsns neseasa icates,
ssss M B ba e na snd
70 the case ot string IN naoHs must afford
great fahefA ~ ~ IS A 4:
OF ths nins failures announced, byfsr the most
impof Rant is that Of the Mstropn itAne bank
The hrma q hisaaB Y Coz and Hatch d
Ths saspenai@ & &s &staSpeiitsa
leading financial inst tons Of the Count "a
livery different matter This bank IL preataed,
pyer by George I Seney, the great railroadt
prT1prietor phi1ant hropist and sPec1laseEss A
TO the clearing house this mornings GeotgesI.
Seney, president Of the bank, wsa 81 par tneE b,
Nelson Robinson. q Go. SeneylA H6na were AZ
30 partners The direct caHse of thu failure
was balance Of Hall against the bank
IL tas slsasing b IS; EFT b met
thing; but A cash settlement until they had ex-
nnaiued into the cpndi ton Of tho Metropolitan
bank The annonneanaent that Hatch & Foote;
Ibahkefs and brokers, of u Wall street, had
the AlrssdS8 dshed street ~ 81
5s Henry Clews thought tl,at by pooling their
iasaefss the banks had reallY mande impossible
further bank failures EIsC Control ay Knox was
.of the,same opinion, Riid said he thong lit assafe
bhtraGtiops marketgoald restlt Sidney Dii-:
va B. ssasss ss5sys ssSEs s
S Ssas al EHs sssTing a stst IS:
Jesse Seligman. Thought the worst over, and,
said the failgsgs tosaay aere tlnet simply to .
Secretary FolgsF wss Il lie aabtrsastry III
the morning He was visited by almosksfl the
prominent financiers in Wall streess IA ex-
presses the determinatio to use all the Mayer
Of the government to prevent az anics and I'D
he would act promptly to the utmost S1hnis 10
his authority The secse grapHBd
Washin8 t6n al 9ftpgs tho ledistA payment
Of M6a7th eall fol b0nds 81 and tessary he