The Yellowstone journal. [volume] (Miles City, Mont.) 1893-1901, 1893-07-29
CITIZENS MEETING.
A Strong Expression of Con-
idence in the Banks

growers Ddnk 10 day. and with view to
allay any excitement that this event may
have caused. a 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 DIR. Fish. Judge Sire
veil was elected chairman of the meet
ing. On assuming the position the
Judge briefly but fnrcibly portrayed the
situation as il 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 tba,
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 cooperation and sup
port Of the community.
The bank was financially sound. and
lis stockholders men of well krawn
wealth. lie stated that the bank had
sufficient funds to conduct business
easily i'll th.. ordinary way. Although
pursuing yer. conservative course for
the last three months. the bank has
nevertheless made loans continuously for
the benefit Of its patrons and will still be
able 10 do so, All tha, was required to
accomplish this aud save this community
the distressing effects of having to 90 into
forced liquidation was the confidence Of
the people.
The plan decided upon by the ,iirec-
tors of iae bank to protect the interests
Of the bank. and through it. thos. nF the
community. was to pay all demands
made upon it for legitimate business
purposes, but to refuse Ia pay any de
mands made where il Was known and
apparent that such demands were. made
Tor the purpose ot boarding the money
away. and retiring il from circulation.
Prof. Bach followed in an endorsement
OF the proposed action of the bank and
stated that he would do all that he
could To aid them in It's performance.
Mr.. Jordan stated that the bank did
not ask Tor any assistance save IN the con
tinuance of ordinary business transac-
tons and the full moral support of the
.tp3 Ia, j..f.
The we'll known tinancai ability of the
directors of the bank MAS AN assurance of
its soldity and if this needed any
strengthening ii was afforded 10y the fol
lowing announcement which the bank
had an hour before made public:
ANNnt scEMEST
We are not inseHsiblc to the fact that
III the present financial condition Of
the country. people having money IN
banks. however solvent such banks may
he, are liable 10 be anxious about the
safef. OF such money. and by reason Of
such anxiety create what is commonly
known as ia run on the bank
~ 'ie PatioiS ditt tue utfbSilafS ol
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. 10 be absolutely safe and sound.
To state that the bank is able IL pay
every depositor if all come al 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 if the patience
and confidence is exercised which we
know the bank to be worthy of. il no
run is created or precipitated. and the |
bank is allowed to pursue its usual |
course of business we will guarantee. /
and Individually. that no de-
positor shall lose one cent of the money
which he now has on deposit in the bank
W. Il. JORDAN. President.
GEo. NJ. Mills. Vice President.
JOHN CARTER. Director.
FRANK c. ROBERTSON. Director,
HENRY TusLER. Director.
j. W. STREvELL Director.
Mr.. Jordan added that the present con-
tition would be only temporary as in two
weeks the return from beef shipments
vould begin to come in and continue un-
il November.
In order TO place the matter before the
Meeting Mr.. Moran moved:
That it is the sense Of this meeting that
ve. the business men and citizens of Miles
'ity, approve Of the proposed action OF
he First National Bank in refusing to
'ay depositors or those holding certificates |
4 deposit. when they are satisfied that
he money is being Withdrawn simply for
he sake of putting it away No small
mounts or that are desired for actual
eed. to be refused payment