Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1900-08-23
rRLEcRApHER's MISTAKE.
rhe clever Scheme by which = Mil-
vvaukee Judge stopped . Run On
= Country Dank.

WnuEce JuoHe stopped = Hun On
a oountry nank.
This is a story Of how bank was
saved through the mistake Of tele-
Rraph operator, a mistake that was not
discovered for several months. The
bank is the Bank OF Cumberland The
hero was Judge Pereles. Therefore
the story Is true, says the Milwaukee
Wisconsin.
II was during the panieky days
Of that memorable period In 1893
when the bank without the run on IL
was the exception. Cumberland is q
small town, and the Bank Of Cumber-
land small bank. Judge Pereles and
several other Milwaukeeans have inter-
ests at Cumberland, and 30 one day he
wns not surprised TO receive a message
bidding him send from 500 TO $500 70
the cashier without delay. There was
excitement In the town, for there was
run on the bank.
With that calm, Judicial deiberation
that has marked bis career upon the
bench Judge Perelea reasoned that 500
would not 20 very far toward staying
4 run, and so be drew his cheek tpf
triple the amount, forwarded the
money by express, and then dispatched
4 telegram TO the cashier telling him
that 81 $40 was on the WY to help re-
teye the pressure.
There was more excitement In Cum
berland when that message was re-
eeived than when the express wagon
tore up Second street with the bot OF
gold that came from Chicago 70 the re-
lief Of the Piankington bank. The eyee
Qt tho populace nearly popped out ot
the populace's head whep they festS3
on the telegram so conspicuoubly paste
cd on the window in front Of tho bank.
Thus read the telegram;
"Have Just sent you $4,000 70 help
you out. II you need more wire at oncA
James Madison Pereles."
II is suspected that the sudden
change in the direction aud the remark
able Increase In the velocity Of the WHY'D
on that particular day was due TO tbs
vacuum caused by the gasp Of astonish-
ment that the populace gave when u
saw the figures. The amount was prob
ably greater than the entire capital ot
any concern In Cumberland and there
was the invitation TO send for more 10
this Milwaukee Croesus, II necessary.
But Il did the business. The run on the
bank was n thing Of the past. Once
white in New York Judge Pereles told
the story and for some months the tale
Of how 8, 500 saved q bank was the Joke
Of New York banking circles.
In times Of great excitement the cred
ulty Of the public generally seems TO
be increased In proportion as pulses
quicken and trivial incidents go far TO-
ward relieving pressure upon banks.
This is q true story No. 2, With the
scene slightly shifted. Judge petetes
gtill remains The hero, while the bank
Is the Merchants Exchange.
One Of the timid clients Of Nathan
Pereles & Sons became infected with
the panic germ, and insisted upon the
firm storing for him 5000 In gold that
ne had left with It on investment II
was a case where argument failed en-
tirely. and so with much trepidation
Judge Pereles was obliged TO seek the
bank where the money was deposited
and make the demand for 5000 IN gold.
There were execrations when the bank
officials learned Of the demand. They
could not be convinced Of the client
taiej they were suspicious, for II wns On
ora OF suspicion. Finally the money
came forth.
Two messengers accompanied Judge
Pereies, then Just an ordinary lawyer,
ss he walked of with the pile OF gold,
II seemed as II every eye was on that
innocent looking satchel. and it seemed
az awfully long way TO the Office.
Finally Il was reached.
Then the Pereles brothers held con-
sultntion. There was the liability Of
burglars, and II was decided 10 rent a
safety deposit vault and store the gold
The two brothers posted of with the
gold between them, heading for tho
Merchants' Exchange bank. II wasn't
very far, but the gold seemed awfully
heavy.
There's run on Nunnemacher's
bank" said one as they passed across
Wisconsin street.
The statement was true. There was
en- excited crowd outside the tellef's
window, anxious 10 withdraw deposits.
In through the front door went the
PereleE brothers. The late Bradley
echley was there. and he espied ths
brothers. F
Hello, what have you got there. .
satchel full Of gold7"
"Yes," replied Judge Pereles, with n
smile, taking up the sally.
well" replied Schley, "this banks
ell right, with the Pereles brothers
bringing gold into e."
The statement wns loud enough for
nearly everyone 20 hear. There was a
sudden check In the rush for the teller'a
window. People in the crowd paused,
and then noticing the bag Of gold dis
appear into the private Offices, hesi-
tated, then turned awny. The $4,000 IN
gold was snugly stored away in a safety
deposit box. where no depostor could