The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1892-10-04
A Run Made on Second National
Bank, but Is Easily Net.
The Deposits for the Day viii Exceed
the Withdrawals, ANA Conf
dence Is Restored.
The Run Caused by Wild and BHSeless
RumOrs-Large Depo>itor> Not I'm
ea-y-CoI. y. y. Cox Deposits
$4,000 and OFFERS More.

tors on the Second National Bank
to-day.
Tie bank has stood the strain as
firm y.as the Rock Of Gibraltar.
The back bone of tue uneasiness
is already broken, and the crisis is
past.
1t wa. only the smaller dePositors
that called for their money. The
large holders stood around and
smiled at the uneasiness Of their
smaller and more eXcitab!e CO.
leagues.
They bad Investigated the affairs
of the bank and had satisfied them
selves Of the complete solvency Of
the in t;tutiOn.
More money went in than came
out. The thorough going business men
who keep their eyes open, and act
with knowledge of what they are do
ing, we're GepOsiting ali their money,
while the uniformed, small deposit
tors were taking theirs out. The two
classes were side by side at the cash
ier's window. One would take out
and the other would put in.
Our Congressman, Col. \. y Cox,
whose clear-heaied b .siness ability
has made him u mau OF wealth,
showed his confidence by handing to
the cashier in one parcel, $40, 1000 OF
good Williamson County gold. Mer-
chants, lawyers, farmers, WED with
each other in showing their conf
dence by handing in their money.
There was ii considerable crowd
around the bank all day, but large
number of them were making de-
posits, or curiosity seekers, some OF
whom had money in the bank them
selves and others who had none any
where.
The run was the result of rumors
circulated first by enemies to the
bank and afterward taken up by idle
gossips who had nothing to lose by
the trouble which such reckless talk
is calculated to bring.
Designing men began first to whls-
ger it several weeks ago, and IDLE
gossip took it up and talked it louder
and louder until it broke out into
audible Dabblings Saturday after
noon.
These wild rumors were carried all
over the county yesterday and this
mornings scenes were the result.
The meeting of the courts, and the
usual first Monday gatherings
brought an unusually large crowd to
town on other business, and gave the
appearance of more excitement than
there really was.
There was no sort Of ground for
such rumors or feeling of panic, and
the best proof OF it is the fact that
every depositor W no has called for his
money has got it, and there is plenty
more in sight for others who care to
demand it.
! AZ the doors of the bank swung
open at 9 o'clock this morning and
the nervous crowd surged in, they
confronted the Cashier, Geo. Chill
dress, looking at them coolly and
cheerfully from behind stacks of gold
and silver and greenbacks and bauk
notes, that would have paid kings
ransom.
Besides these piles:uf money, there
were, we are reliably informed,
ample thousands which had been
placed at his command by other
banks and individuals at home and
abroad. He had out to say the word
and the gold would have poured into
his Golfers by special train if neces-
saw. Fortunately it was not neces-
sary.
Confidence was soon comparatively
restored, and the run during the clos
ing hours of the day dwindled down
| TO q small number of the smaller
depositors. Col. Cox offered another
$4,000 on deposit but it was not
needed.
The bank footings on Saturday,
when the run first began, were re-
assuring. They showed that the
bank had received over $4,000 and
only SO, 900 had been Withdrawn.
We go to press before the hard
worked bank officials can make up
the results of the day, but there is no
doubt but that the deposits have
exceeded the Withdraw ais made since
morning.
| 1t is confidently predicted that
business will resume its normal con-
dition tomorrow.
The bank comes out of the fight
stronger than it went in, for if it can
weather the storm of to-day, it can
have no difficulty in safe sailing in
the channels of ordinary business
and since, thesamount put in exceeds
that which has gone out, it is strong
er ,'even for the day, than it was before.