The herald., 1893-06-21

1nga bank at NO. 236 North Main street
is Mr.. W. w. Caswell, and after the
rush was over he was asked what effect
the panic had had upon that institu
ton. He said: THE rush today has
been exceptionally heavy, but we had
no difficulty in meeting all demands.
We enforced the prior notice on the
term deposits, however, as is allowed by
law, in order to protect ourselves. 1t
was not done because we could not meet
them but only to provide for any emer-
gency that may occur. The iull extent
OF the Withdrawals is not known now as
we have not footed it up, but the checks
Oh which the notice WAS required will
not be over $4,000. We are entirely
solvent and can readily meet any future
calls. If necessary, there is large
amount OF our money which we can OBJ
tain at an instant's notice."
BANK OF AMERICA.
"When we opened our doors this
morning we owed $500, 900, OF which
100000 alone was in our vaults" said
Mr.. John E. Platter, president of the
Bank of America. There has not been
the slightest furry or excitement with
our depositors during the entire day.
An account was kept OF the scared de-
positors withdrawing their accounts,
and it was limited to IA persons, the
money taken out being about $500.
1--WE have, besides the 100000 in the
vaults, 100000 capital stock, and $780,
600 undivided dividends, together with
over $4,000 OF interest and email
amounts due us, which clearly insures
our position. Business with US has been
going along just the same as on any
other day, with probably more deposits
received than usual. The general situa-
tion cannot be much more serious than
at present, aud it is almost impossible
to predict what will occur tomorrow.
There can be no trouble with our bank,
The depositors are OF the class that do.
not become excited. Still, If they want
to withdraw their accounts we can pay
them ALL"
THE SECURITY SAVINGS BANK.
J. F. Sartoii, cashier OF the Security
Savings Bank and Trust company, was
very sanguine and expressed the most
perfect confidence In being able to meet
any run: "We have been put to no
particular strain. About IL O'Clock q
number OF the depositors began to with
draw their accounts, but every one was
met without any trouble. Under ordln-
ary circumstances we would have re-
ceived any checks upon time deposits,
but in the face of the present furry we
desired to prepare for any emergency,
consequently we required the proper
notice.
"rhe bank was opened at s o'clock
this morning, two hours earlier than
usual, and as you obsererve we are now
open, at 15 minutes to 5, still ready for
business. If the people want to come,
let them. We are fully prepared and do
not anticipate any trouble. We are per-
fectly secure"
MAIN STREET SAVINGS BANK.
J. B. Lankersbim, president OF the
Main Street Savings Bank and Trust
company, was seen at his residence
last evening at 6 O'Clock.
''There was not the slightest indica-
tion OF run at our institution. We,
OF course, protected ourselves by requir-
ing the proper notification OF the time
accounts. This, OF course, being done
only to provide for any emergency. The
main trouble has not been with the saw
ings banks. which can protect them
selves BY the above means, but with the
other institutions which have not this
means. | see no cauEe why anyone
should become frightened over the situ-
alton, Our depositors have full conf
dence in us, and we have ample means
at our command. / can not give any
reason for the cause OF the two suspen-
siops or for the apparent panic. Ali OF
the banks were carrying the full amount
that is isreqairedin st}ie ordinary. course
OF business, and this Fnp espsht them
nnprspaTs& Ihs aia tsIlqEss sga nSt dae,
by their oficfafa3, as' an ,dff thes fnstitu-
tions wereMsll condsftt etls " Pifere need
be no apprehension,n niasasnea clearing
house has, | understand, sent fofs1 ,000,- :
600 from San Francisco. (which will
pr0babIv arrive tonight"