The Yellowstone journal. [volume] (Miles City, Mont.) 1893-1901, 1893-07-31
CITIZENS MEETING.
A Strong Expression of Con
fidence in the First Ma
ti0nal Bank of Miles
City, Mont.

Following the closing Of the Stock
growers bank to-day, and with view to
allay any excitement that this event may
have caused. meeting Of the citizens
and business men Of the city was called
at the Miles City club rooms at half
past four to consider course of action
proposed by the First National bank.
Promptly at the hour named the meet
ing was called to order by W. b. Jordan
and on motion Of DR.. Fish, Judge Sire.
veil was elected chairman Of the meet
ing. On assuming the position the
Judge briefly but forcibly portrayed the
situation as it existed and the damage
disaster that would overtake all our TO-
cal interests il the unreasonable alarm
that causes bank runs" should take
possession of this community. He was
followed by W. b. Jordan president Of
the First National bank who stated that
il was the desire and intention of the
officers Of the bank to keep the doors of
that institution open but to do this it
would require the CO. operation and sup
port of the community
The bank was financially sound. and
its stockholders men Of well known
wealth. He stated that the bank had
sufficient funds 10 conduct business
easily in the ordinary way Although
pursuing very conservative course for
the last three months. the bank has
nevertheless male loans continuously for
the benefit of its patrons. and will still be
able to do SO. Al that was required to
accomplish this and save this community
the distressing effects of having to go into
forced liquidation was the confidence of
the people.
The plan decided upon by the direc-
tors Of The bank to protect the interests
of the bank. and through it. those of the
community. was 10 pa. all demands
made upon il for legitimate business
purposes. but to refuse to pay any ,ie-
mands made where it was known and
apparent that such demands were made
for the purpose of hoarding the none.
away. and retiring il from circulation. if
! deemed necessary until the financial sit
uation changes. or collections can be
made.~
Prof. Bach followed in an endorsement
Of the proposed acton Of the bank and
stated that he would do all that he
could to aid them in its performance
Mr.. Jordan stated that the bank did
not ask for any assistance save in the con-
tinuance of ordinar. business transac-
, tions and the full moral support Of the
community. and the latter most of ALL
The well known financial ability of the
| directorsof the bank was an assurance Of
its solidity and if this needed any
strengthening it was afforded by the fol-
lowing announcement which the bank
had an hour before made public:
ANNOUNCEMENT.
We are not insensible to the fact that
the country. people having money in
banks. however solvent such banks may
be. are liable to be anxious about the
safety Of such money. and by reason of
such anxiety create what is commonly
known as "a run on the bank
To the patrons and the depositors of
the First National bank of Miles City,
We the undersigned. officers and stock
holders Of said bank. desire to state that
We know the financial condition Of this
bank. to be absolutely safe and sound.
To state that the bank is able to pay
every depositor if all come at once would
not be the truth. No bank IN the United
States. isolated from help from other
banks, as We are. could do that. But to
the depositors and patrons of this bank
we desire to state that il the patience
and confidence is exercised which We
know the bank to be worthy of. If no
run is created or precipitated. and the
bank is allowed to pursue its usual
course Of business We will guarantee.
PERSONAL. and individually, that no de-
positor shall lose one cent of the money
which he now has on deposit in the bank
W. b. JORDAN. President.
GEo NJ. MILES. Vice President.
JOHN CARTER. Director.
FRANK G. ROBERTSON. Director,
HENRY TUsLER. Director.
]. W. STREvELL. Director.
Mr.. Jordan added that the present con-
dition would be only temporary as in two
weeks the return from beef shipments
would begin to come in and continue un-
til November.
In order to place the matter before the
meeting MI Moran moved:
That 4. H., .nn.o - THE . |, 81