Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-07

The topic OF conversation in this city
Yesterday, almost TO the exclusion OF
everything else, was the assignment OF
the Exchange Bank Saturday night,
and many were the opinions, OF the
effect it would have upon the other
financial institutions OF the city. The
general impression prevails that the
situation is very grave, much depend
ing upon the good sense and calm judy
ment of the citizens OF Wheeling.
Whether these qualities can be relied
upon in the preseLt emergency is an
open question, which only today's
events will answer.
The business men OF Wheeling who
are familiar with the situation, are not
the ones to fear in the present crisis.
They may be relied upon to do the only
sensible thing,-allow their deposits TO
remain In the banks. But there are
others who fear that there will be a
run upon the particular institution in
which their money is deposited, with
consequent embarrassment TO the bank,
and they are anxious to secure their
money before the doors close,-if such
a course on the part OF the bank officials
may be considered probable in the event
of run.
Every bank in the city, with the ex-
ception of the Exchange, will open Its
doors promptly at 9 O'Clock, and will be
prepared to do business. All will re-
main open as long as there is no un-
reasonable demand upon the funds on
hand. A REGISTER reporter yesterday
made an effort to ascertain the feeling
among all classes OF citizens relative to
the probable action OF depostors to-
day, Those who announced their in
tention to withdraw their deposits were
very few, while on the other hand, sew
eral men were seen who stated that
they will not follow their usual custom
OF having their checks casbed to-
day, but will simply deposit
the checks Others stated that they
will make deposits as soon as conven-
lent after the opening OF the bank doors
this morning. If there is any cause for
fear on the part OF the officials OF the
respective banks, 1t is that the special
interest bearing deposits OF people in
moderate circumstances will be with
drawn. Accounts OF this ma
ture aggregate a considerable sum,
but it is thought that reason will pre-
vail and they will be allowed to remain
in the bank vaults, where they are
much more safe than in any hiding
NnhnAu dnnhts that
every bank In Wheeling is solvent. aud
it is to be hoped that depositors will
show their good sense by allowing their
money to remain in bank rather than to
rashly preclpitate panic among the
people of the city.
Mr.. Anton Reymann was among those
who were seen by the reporter yester-
day. Said Mr.. ReymanD; 81 feel it
my duty TO inform my friends and the
public generally that | believe every
bank in the city to be solvent, and
abundantly able to pay its depositors
dollar for dollar, unless there is an I'M
reasonable i'm mediate demand. lwould
advise all citizens TO allow their de-
posts TO remain in bank, where they
are safer than at home.
During the day several papers were
circulated among business men and
others and were numerously signed.
They are published for the benefit OF
those who regard their deposits as un-
safe. Rt. Rev. Bishop Kahn and Rev.
Mgr. ]. Il. Sullivan have also written q
card, which appears above.
Following is the paper circulated yes
1fAN 81 al
natures secured within few hours:
To the Citizens Of w Nag;
We business men AZ. .spositors in the banks
OF the city. d. most earnestly ask for the good
name OF our fair city, that all depoSitors re-
frain from Withdrawing their deposits from
our banks at this ZINE and that we make our
deposits AS usual. We feel sure that our tanks
are all sound and no depositor has cause for
any alarm. Let US take pride in the fact that
Wheeling has always stood high in the COM
mercial world, aud let US do nothing AZ this
time that may cause US regret later.
RI Dunn & Co, Kraft & Rosenburg,
BY w A wilson, Mgr. N-ill and Sill sgham,,
+ Buchanan Il 20, Horkheimer Bros,
Ewing Bros, Geo Il burst,
Bremen Il Nabis, Baer Sons Grocery Co,
Dinger Bros, Henry Baef, Pres.
Kline Bros. AW Emsheimer & BRO,
schwertfeSer Il Robb, X A McCaoe,
w ; Foose O'kane Y Co,
House X Hermann, H Baguey,
Err Morris, Henry Morris,
A ID Seamon. a l. Rice / Co,
Geo Steifel y Co, 1 Reister,
L Welty X Co, Noble BIOS.
Central Glass Co, S Jepson,
Scott, Pres. Henry Jacobs,
LABelle Iron Works, Min. Hansuer,
lsacfI nuhinson EmshaImpr