The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-07-29
STOPPED THE RUN.
Dep0sitOrs Reassured by the
Abundance of Coin.
Business Comparatively Quiet at the Peoples
Home Savings Bank - The Bank
Commissioners Satisfied

Whatever uncertainty regarding the SOL
vency of the Peoples Home Savings Bank
prevailed In the minds of depositors on
Monday has apparently been diSpelled by
the prompt action of the officials in facilita-
ting the demands of those customers who
require gold in return for the surrender of
their pass-books.
When the bank opened yesterday morn
ing there were not more than a dozen de-
positors on hand, and these transacted their
business quietly and withdrew. No tickets
of admission were issued, there was no
crowd and no excitement. The greatest
number of people in the bank at any one
time yesterday was tWenty-siX, exclusive of
officials. Appearances in the banking Office
were similar to those of an ordinarily busy
day.
Before orenlng the doors yesterday morn
ing, the Directors decided to increase the
withdrawal limit to $500 accepting the usual
ten days notice for unpaid balances in ex-
cess OF that amount One paying teller was
able to transact all business with reasonable
rapidity, and alter ? o'clock so few custom
ers appeared that it was decided to close
the doors at 8 O'Clock as usual.
WITHDRAWALS AND DEPOSITS.
AO IStuI LluihOCl VI QtpOoltOIS WIN
visited the paying teller's desk yesterday
was 267, of which 167 represented savings
book accounts, The aggregate amount
Withdrawn was $4,000, of which $4,000 was
from commercial accounts. Against these
amounts, the bank officials reported the
opening of 90 new savings accounts and Z
commercial accounts and the issue of term
deposit receipts.
re NrDc arAo Tod COlA0
and at the close of business the cash on
hand in gold and silver coin amounted to
1921, 600 so that $3.50 600 in coin must have
been deposited in the vaults of the Peoples
Home since the commencement of bus mess
on Monday morning.
Ali the bank officials we're congratulating
each other yesterday that the backbone OF
the run had been broken. They had worked
at their posts upward of twelve hours on
Monday, and after striking balance in the
evening, the employees were entertained at
quiet supper and each was presented with
a gold coin by the management in recogni-
ton Of his arduOus services.
SATISFIED OF THE sOLvENCY.
Bank Commissioners Gerberding and
Knight concluded their Investigations into
the condition of the bank yesterday after
noon, and reiterated their previous declara-
tonS regarding Its sOYency. Commissioner
GeroerdIng stated that all the Investments
of the bank mad been carefully examined,
and that all had been approved. No can
collation. of the securities held will be re-
quired, and the Commissioners are salts
Ted that the bank is thoroughly solvent.
This in effect Will be the report submitted
TO the Attorney General.
When asked whether there had been any
technical violation of the law in the nature
of the loans made by the bank to corpora
tons in which Directors or stockholders of
the bank are interested, the Commissioners
declined to express All opinion regarding
that point. on the ground that they are not
lawyers, and that it would be for the At
tOrney- General, if he should deem it ueces-
sary, TO pass upon the legality Of these
transactions.