Morning journal and courier., 1885-01-24
OSOUND AS A ROCK.o
A Slight Scare With Reference To a
 sound Institution-What Somebody
 Told Somebody.

A Slight Scare With Reference To a
 sound Instftution-What Somebody
 Told Somebody.
 A little ripple of excitement was occasioned yesterday about town by a small ''run'' on the "Old" or New Haven Savings bank on Orange street, which began to be noticeable the day before yesterday. The number withdrawing their savings was larger than on Thursday and little before o'clock when the bank closed for the day about forty peo- pie, mostly women, were busy taking out their deposits, though many did it rather hesitatingly as if afraid they were wrong in not leaving it in. A part of the people at the bank yesterday, however, were deposit ing money. The run is characterized by the most trusted and able financial men of the city absurd to the last degree. The 'scare," if such it may be called, its dimensions being thus far pretty small, originated, gentlemen state, out of whom the community regard as our soundest and ablest business men and most honorable gentlemen, did not hesitate to pledge all their influence and honor that the bank lis as sound the Bank of England" Another gentleman in capacity to know, says Sit is sound as rock" Another said, "Why, the banks statement is enough to satisfy the most critical" Another gentleman said, ''The people who draw their money out will lose three months interest and that is all there is to it. The bank cannot be shaken" A prominent banker said, ''Why, any bank in New Haven would let the bank have mint of money on its securities. Look at some of them, viz: United States Az per cent. bonds, par value S100, 900, present value S112, 300; New York Central and Hudson River railroad bonds, par value S3OO,OOO, present value $3S7, ,000; Shore Line railway bonds, par value $20O,000, present value $216,000; Rock Island railroad bonds, par value s2OO, 900, market value S251 ,0O0. The bank has bills receivable of $2, ,624, 755 99 and has hundreds of thousands of dollars more in good railroad bonds and $103,000 of New Haven town bonds and $125, ,000 of Hartford town bonds, to say nothing of about S15O,- 900 in New Haven and other sound bank stock and about $1, ,000,00 in bonds of diff ferent cities, all good as wheat, and about $500 ,000 in good railroad bonds"
 Another gentleman said, ''This is the most baseless run, if 1t can be called run, I ever heard of The scare will all be over in short metre." Expressions like these from our best men could be quoted without end. The bank officials are making endeavors to trace out the origin of the absurd rumor which has put many depositor on the anxious seat, and have traced it from one person to anoth- CT, principally persons, so a well informed leading man said, "as competent to judge of the matter as 8 setting hen." But to find it's origin, they discover, is like looking for needle in hay stack.
 Mir. John P. Futile, secretary and treasurer of the bank, said with regard to the matter: ''We shall pay anybody who wants the mon ey. It is of no use to say anything about the to publish that they saw pile of gold pieces ten feet square piled up in the bank, for de- positors, it would make no difference with people. Some wouldn't believe it at all. We have nothing to say, except that we shall pay everybody on demand" :"