Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-07-19

q the Dn.sn S4tssnal haak he fx,llcv-
bnz noflzs. signed by X W woodbury..
brs-s.leaks The IMAM National ba1k d
n the aA-kis u tbs eslbSxo4is< - shs
s1rreucy We have paid - our d@t<A1
>srs. IA rol.nd nLazb<zs 81 DO0A ~ tbs
past alonth. aElt have 81 GUomiu asoets
- Isest our remaining liabilities. which
fn10uaf - sfssat feD.UN We have re
slized on 0aE kss<ts a. rapidly a. 80
eeahI, 4.d snouzh loan p4ylns1ts have
b-ea promised the LAST Of the vsrk -
sHat.s - - r2ks care u tep< <ifsf<
sxaia. IL then paid. and the eosnp
sEoiief zssents. ~e shall thea fsofen-
II tho mealtllne every disposition may he
f1iiy assured that DO can by no means
lose a sioilas Of bis deposit
M ~on-r a. the norlee posted than
crn~is began 10 gather az each door
s1ss fsT hours. though thssr conpou~nt
sa.lis ida4ls ssrs constantly changing.
tan crowds s1zrmed upoa the stsps
reading fkis statsmsnt II Presssient
Woadbary and putting q variety Ut In.
ttFpFstatloas upon o. Nobody seemed
a. bs badly frighf-ned and the unlver-
ssl s<nsi1elt ~as that the deposits were
perfectly .4f-.
The Commercial National bank dill
not open IL doors at ali. preferring To
avoid the inevifzbis run. This notice
va posted: This hank has gone in
hqut l4tloa b. ordsr Of ths board oe di-
roEtora%
Thsss vas DO excltament whatever
Tkoss sho stopped 10 read the sign
ellafs~d quietly about the prospects and
al seemed eonht.rnf u an ultimate set
tlemenf IN fall
At tho National Bank II Comroerce
there vas . long hns al the windsx u
tho pssing teller within a IN iaats % the
time fhs doors we're unlocked az ~
ociossk- A great rack Of gold cosn Wa
81 the ts4isrs hand and for tillrty
f1inUbss be passed cut the money a. fast
checks we're presented by that
tine the number II waiting dspo~itors
had increased to nrsfiy ltV and the Cd
iicssrs deci1od % take time by the fore
isck aad save what actual cash was still
on hand Therefore az TOO a notice
Ma hung az each "a the doors read NJ
~ fellows. This bank IL closed Ny
order II the hoayd a directors.
1nose sazsde quietly flied out vita
scarcely a trace of IS csfemeEt and in n
f-e = inutes The eorEler vas clear OF az y
crosn- though naoy paused 10 read ths
uotis,r.
Tho Mercantile hank. recently ia.
corporate,i with capital stock of sl0o,
- acd located IN the mining exchange
auldsn< closE,i Us doors this mornirx.
sish " r. Robinson "a ass gnee. c. H..
strd. the present city auditor. h the
President & the bank aud the directors
81 tte concern are considered a. being
tmotz Bonsers most substantial bcsi-
as<s msn.
Tie suspension % payment was
3rousht about by tho closing of the
MON National bank through which The
iercantile had made elearances. IL IL
oafldcntlf stated that the hanks de
s1s tors vii receive every q liar due
hen- This baak had been ia operation
>aiy few months and had COMPARE
lively few depo-itors. consequently its
snspcnsson caused very little excite
nent
AZ tho Colorado National there was
80 run al all but the usual business was
Transacted and the number Of new
accounts caused the officials Of that IN
sfifutlon % look happy
Tho City national officials announced
after tho run that they had paid out
about rsl.eso. Al the same hour nearly
tho run was stopped at the First
national
liz Vas a run. however. that did not
amount ~ anything. The officials said
that they had rather invited the rur,
than otherwise. but not moro thar,
$1,000 was paid out
At the state national all OF those
standing In line we're inside the doors al
o'clock. and 10 vas estimated that
$4,000 had been paid out The run
sas practically broken at ? o'clock.
At the German National there Was q
long line reaching far out on tho side
walk but not . business man was see
IA the line. A 2l5 the crowd was still
ia hoe bat many we're firing and drop
ping out About $4,000 had been paid
cut. mostly IN email amounts. The run
was stil on at 8 p. ~. the regular clos
hour
A run vas reported on the Denval
National but 10 pro we'd mistake. The
crowd wac colppoeed OF the Union Pa
ciac railway employees aud others from
sue Grant su1elter with time checks
There Was no run.
The City National bank met all de
nands and es President Bard said il
NE 1ryvosftors wanted 10 keep the rur
~ For the ne4t two monfhs the hans
would stu be meeting demands on PIE
ssntafi0u.
At the Donver Savings bank. the OF i
bank nov open. there vas Z run ia t.
morning which vas over ~ noon. VI
money Vas paid cut
The store q the Mcnamara DIR,
fso1,s cympany doing business at Six
tscnth aud t'aiifornis streets. IL IN ths