The herald., 1893-06-21

when they reached the teller's window
received his coin without delay.
To expedite matters somewhat two
paying windows were opened and for the
last two hours double row of deposit
ors walked up and received their cash.
Unobserved through all the eagerness
OF the seekers after coin, came depos-
itors, they vera little thought OF yester-
day, yet they came all the same. All
the business men who have dealings
with the bank cent in their deposits as
usual and that one thing beyond ell
others, proves that the soivency and sta
bility OF the bank is assured.
Promptly at 3 clock tho doors were
closed, those depostors who were inside
the bank at the time being allowed to
remain and get their money. After that,
entrance could only be secured through
the side door, and only then after
searching inquiry from an officer in
charge. Nevertheless, about 10 minutes
after o'clock q business man pushed
his way in and in the presence of a
HERALD reporter made deposit.
MAJOR BoNEBRAKE TALKS.
Maj. George FL. Bonebrake, the presi-
dent, said to HERALD reporter, after
closing hours Yesterday, that he had
nothing to cay, no statement to make,
and he could not in the least account for
the run beyond the general panicky con
dition which at present prevailed over
the whole country. There is, one
thing, however," said he, ''you can state
that this bank is solvent; that it has
enough money to pay two dollars for
every one on deposit, and this run can
20 on as long as 1t wants to, all demands
will be met"
TIE FIRST NATIONAL,
The excitement spread to the patrons
ef the First National and the officials
paid out money as fast as possible.
Three extra paying tellers were en-
ployed, and no hesitation was shown in
meeting any and all demands.
Mr.. j. NJ. Elliott, president OF the
Fret National bank, was extremely
fatigued from the exertions of the day.
He did not at irst seem to care to make
any statement, but finally said: "You
can state that there have been a mum.
Der OF Withdrawals OF deposits, but the
institution has met every one promptly,
even after the hour of closing. As to
the condition OF this other banks / can
not state. What means, If any, to be
provided to meet the emergency will
rest with the actioa of the clearance
house."
SOUTHERN CALIFORNIA NATIONAL.
During the morning the Southern
California National bank, in the Nadeau
block, corner OF First and Spring streets,
transacted much the same business as
usual. There vac not much of a crowd
in the bank at any one time, and it
louked as il there would be nothing
much to chronicle out OF the usual in
its transactions. In the afternoon,
however, there was change, and before
the bank had closed 100000 in coin
hak been paid out over the counter to
depositors.
President Breed said to a reporter that
the condition of the bank was hrst-rate,
and its resources were we'll in hand.
lie hoped there would be more reason
on the part of the depositors in the
banks today than yesterday, believing
that none of them could stand the
steady drain on their resources that
would folio v general run. 1t could
not be expected that banks Kept all
their deposits On hand, and they would
be obliged to have time to meet an ex-
trsordinasy demand. He thought, how
ever, that ii all the banks should close
ii would be only few days before they
would resume. lie did not believe that,
even If they should close, the depositors
would lose dollar, with the exception,
possibly, of one or two.
Referring to his own bank he called
the attention to the stockholders and
their resources. mentioning David Rs
mick, who is worth at least ST. 900 900
w. II. Avery, $500,000; John Bryson,
sr., S. w. Little, Erastus Wells OF St.
Louis, worth several millions; w. H.