Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1900-07-06
A TELEGRAPHER's MISTAKE.
The Clever Scheme by which a MIL
waukeo Judge stopped a Run on
n Country pank.

Country Bank.
This Is q story of how bank was
saved through the mistake OF tele-
graph operator, 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.
1t was during the panicliy days
of that memorable period in 1893
when the bank without the run on it
was the exception. Cumberland is
small town, and the Bank of Cumber-
land small bank. Judge Pereles and
several other Milwaukeeans have inter-
ests at Cumberland, und so one duy he
was not surprised to receive message
bidding him send from s10O to $500 to
the cashier without delay. There wns
excitement in the town, for there was
a run on the bank.
With that calm, judicial deliberation
that has marked his career upon the
bench Judge Perelee reasoned that $500
would not go very far toward staying
IL
triple the amount, forwarded the
money by express, and then dispatched
q telegram to the cashier telling him
that 1880 was on the way to help re-
lieve the pressure.
There was more excitement in Cum
berland when that message was re-
ceived than when the express wagon
tore up Second street with the box Of
gold that came from Chicago to the re
lief of the Planlington bank. The eyes
Of the populnce nearly popped out of
the populace's head when they rested
on the telegram so conspicuously past
ed on the window In front of the bank.
Thus read the telegram:
Have just sent you $4,000 to help
you out. fyou need more wire at once.
James Madison Pereles."
It is suspected that the sudden
change In the direction and the remark
able increase in the velocity of the wind
on that particular day was due to the
vacuum caused by the gasp of astonish-
ment that the populace gave when 1t
saw the figures. The amount was prob
ably greater than the entire capital of
any concern in Cumberland, and there
was the invitation to send for more to
this Milwaukee Crocsus, II necessary.
But it did the business. The run on the
bank was thing of the past. Once
while in New York Judge pereles told
the story and for some months the tale
of how 81, 500 saved 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 true story No. 2, with the
scene slightly shifted. Judge Pcre!es
still 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
he had left with 1t on investment. 1t
was case where argument failed en-
irely, and so with much trepidation
Judge Pereles was obliged TO seek the
bank where the money was deposited
and make the demand for $5, 900 in gold.
There were eXecrations when the bank
officials learned of the demand. They
could not be convinced of the client
tale; they were suspicious, for it was an
era of suspicion. Finally the money
came forth.
Two messengers accompanied Judge
Pereles, then just an ordinary lawyer,
as he walked off with the pile of gold.
1t seemed rs il every eye was on that
innocent looking satchel, and it seemed
an awfully long way to the office
Finally it was reached.
Then the Pereles brothers held con-
sultation. There was the liability oi
burglars, and it was decided to rent q
safety deposit vault and store the gold,
I The two brothers posted off with the
gold between them, heading for the
Merchants Exchange bank. 1t wasn't
very far, but the gold seemed awfully
heavy.
"Tbere's run on Nunnemacher's
bank" said one as they passed across
Wisconsin street.
an excited crowd outside the teller's
window, anxious to withdraw deposits
In through the front door went the
pereles brothers. The late Bradley
Schley was there, and he espied the
brothers.
Hello, what have you got there, O
satchel full of goldP"
"Yes," replied Judge Pereles, with q
smile, taking up the sally.
We'll" replied Schley, "this banks
all right, with the Pereles brothers
bringing gold into it,"
The statement was loud enough fol
nearly everyone to hear. There was Q
sudden check in the rush for the teller's
window. People in the crowd paused
and then noticing the bag of gold dis
appear into the private offices, hesi
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