Evening journal., 1890-12-13
LAST EDITION
NO BREAK IN THE BANK
Wilmington Savings Fund Society
in a Sound Condition.
STATEMENTS OF ITS CONDITION.

kumor, Wh1ch - Promptly Denied by
President william NJ. CanBy-Gnt-
Edged Securities and s3OO,OOO Sur
plus.
A rumor that the Wilmington Savings
Fund Societys bank was broken started
a run on the bank this morning, and
caused intense excitement among the
depositors in the institution.
The rumor was started yesterday
afternoon by one of the banks Philadel-
phia depositors. He came here from that
city and presented "sight" draft on the
bank for 81 600.
The rules Of the institution demanded
that years notice mGs5 be given to
withdraw such large sum aud the de-
positor was told this However, he said
that he must have the money immedi-
ately. whereupon the cashier told him
the money would be sivon him on short
notice, but not at once
When he heard this the man became
dissatisfied and left the bank. He went
about the city telling people that the
bank was broken and that its paper was
dishonored.
The depositors in the bank soon heard
of it and Immediately hurried to the
institution to ascertain the truth or
falsity Of the rumor. Over one hundred
aepositors called at the bank this morn
ing Most of them were women, aud
they Rll acted as If they were sure the
bank was really broken, but would pay
their claims
President William NJ Candy of the
society was at the bank him self all morn
ing. and he assured all callers that the
bank was In a fsst-class condition and
could stand ali claims upon it.
Most of the depositors Immediately
went away feeling assured that the bank
was safe. Several wished to draw their
money out and it was given to them.
President Candy was in his private
Office this morning when a reporter
called and asked for a statement CON
corning the rumor. Mr. Candy showed
that the affairs of the bank were abso-
lutely solid, and said:
"a large nu1ber of depositors called
this morning to ascertain if the rumor
concerning the banks instability was
true. The rumor is supposed TO have
been started by a 6epositor, a Philadel-
phian. He came to the bank and wanted
to draw $1,000 on sight. or course
40 uLAa 10 hkhiuEh lnb laws Oh Inb lDHIl-
tuition the money was not given to him
and he went out he then went about the
city and spread the story that the bank
was unsound.
Many people, Of course, were excited
by the rEmor and Immediately ruhesd
here for information concerning it. II
was present myself this morning and
answered the queries Of many Of the
people. Nearly all of them left again as
soon as l stated that the bank was
sound"
Here Mr.. Candy left the reporter for a
few moments to assure another depositor
that the bank was safe while at the other
end of the room The cashier was busy
telling people that the rumor was en-
tirely unfounded The man left as soon
as Mr.. Candy told him that his deposit
was safe and the bank president re-
turned and continued:
Those who wanted their money were
Immediately paid their deposits where
they were small Most OF the inquirers
were women who had small deposits in
the bank, and several of them were in
tears as they asked concerning
its stability. The people all over
the city seemed 10 have heard
the rumor aud many believed it without
inquiring further The president of one
of the most stable financial institutions
in the state, came to me his
morning and promised me tnat
if we neeied financial support Lis
bank stood ready to help us out l, of
course, told him that bis assistance was
unnecessary, as we had ample assets on
hand. We have not yet made up our
annual statement, but I can show the
one made at the BEGINNING Of this year. "
Here he produced the book Containing
the report of the banks standing
The annual report shows the fol
lowing: