The Mt. Sterling advocate., 1893-08-01

better judgment of the people had
returned.
In the afternoon the scene con-
trasted strangely with that of the
morning. From 2 p. m. till evening
there were very few on the streets; in
fact, the town looked deserted. So
dead was the calm after the stormy
scenes of the morning that the COZ
trast was almost painful. Any SUM-
day afternoon would have found as
many people on the streets. Both the
the Mt. Sterling National and the Ex-
change Banks are all right now and
deeper rooted than ever in the conf
dence of the people. The Traders
Deposit Bank is already at work to
arrange for reopening, and it will be
but few days till it will be doing
business as serenely as if a squall had
never struck it.
We have the proposition to make to
any who are indebted to the ADvo-
CATE-let the sum be large or small
that we will take a check on either
the New Farmers or the Traders De-
posit Banks in payment for the same
and give clear receipt. We are pos
tive in cur faith that both banks will
pay every dollar, and that at no dis
tant date.
The banks at indianapolis, Ind.
have shared in the fate of others.
People who knew nothing about bank
ing methods wanted every dollar of
their deposits, and of course went af-
ter it in a hurry, and got there just in
time to see the blinds pulled down.
Louisville banks, five in number
closed their doors two weeks ago, and
yet when the causes were made
known, the depositors were not salts
fed until they were taught a lesson on
banking. The lesson was public
one, and every man here should have
known better than to have make a
run, because any bank which makes
money for its creditors cannot stand a
general run from its depositors.
This is the cause of suspension OF
one of the Kansas City banks.
A lady presented a check for pay
mcnt. She was unknown to the
officers and they asked that she be
identified, when she left the bank
very much excited, saying they could
not pay her check, causing great ex-
citement and run.
Is there a man in this county who
wonld rejoice over the suspension of
any business interest? We hope not.
There are many reports going the
rounds, and we would be slow to be-
lieye any man SO mean as to delight to
prey on dead carcass.
Some of the persons loudest against
the banks in the runs made last week
on them, did not have dollar to their
credit; some less than five dollars and
others were overdrawn.
Several gentlemen who had lost
their equilibrium presented large
checks for payment at the Mt.Sterling
National Bank and received the state
ment that the bank would not submit
to run. They saw their folly and
tore up their checks. Five checks in
the hands of such gentlemen aggrega-
ted $4,000.
One lady wanted her money bad
from the Exchange Bank, but when
assured that it was safe, returned
home perfectly satisfied, but when the
excitement became general, she re-
turned and drew her money and want
ed merchant to take.care of lit. He
informed her he would not be respon-
sible for it, but would retHrn it with
his deposits to the same bank, which
restored her confidence and she re-
turned her money to the bank.
Amidst the greatest excitement,
business men who knew banking
methods, pressed their way to the
cashiers and left their deposits, They
had read the bank statements, and
knew they could not lose dollar.
Too much credit can not be given
III. r. French and John G. Winn,