The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1904-02-03
cLAaKsBURG. W. VA, FEB. 8, 1904.
PUBLIC CONFIDENCE MAINTAINED.

While the closing of the doors of the
Traders National Bank must mnecessar-
lily have more or less effect, vet it is
happy condition that the effect thus far
has not been of the panicky sort. Brisi-
ness men who are identified with that
institution as stockholders, depositors
and otherwise, as well as others, showed
their wisdom in acting in conservative
manner, by which they averted what
might have been TO the city an awful
situation. They publicly expressed con-
fidence nthe ability of the bank to pay.
and, unless there are other developments
than those already noted that will be
the actual situation. There are no rea.
sons to believe that the situation will
be changed or that the depositors will
lose anything. It has been taken into
consideration that the Institution has
strong men financially behind 1t, who
would not willingly see the bank fail TO
pay every dollar OF its Indebtedness.
In this connection 1t is noteworthy
that the other banks of the city have
the implicit confidence of the public and
well they may, for they are prepared to
meet every emergency dollar for dollar.
Business astuteness of the most superb
character has been observed. They are
to-day veritable Gibraltars.
A conspicuous feature of the incident
(which is of concern, is that the public
continued their banking business wholly
uninterrupted and without modification.
The several other, banks of the city con-
tinued TO do business as usutl, except
that they did an increased amount
through the very nature OF the situation.
Business men who have been depositors
in the Traders and with considerable
money tied up under circumstances with
which they were not fully acquainted did
not allow themselves to become preju-
diced against the banking system in gen.
eral but with that regularity of custom
in vogue among them made their deposits
in other banks TO the extent that when
the days business was over the amount
of money taken in at each and every
bank far exceeded that drawn out during
the day. In addition to this there was
practically no Withdrawals influenced by
the situation To the contrary the pre-
ponderance of the money paid out by
the Institutions was merely in the ordin-
airy course OF business.
The banks felt no alarm for the reason
that they were all fully prepared for the
occasion and would have met every obi.
cation even to the last dollar on deposit
but naturally most every one looked for
some sort OF a scare, big or little. Such
scare not having occurred, it Is matter
of great congTatulation TO the CONNER
cial and industrial circles OF olarksburg
and Harrison county, What might have
been in the nature of a crisis has TINS
far been happily and wisely avoided and
there would in all probability have been
If the business public had acted foolish.
~ or taken preiudiced and pessimistie
view OF the situation.
In the case of the Traders ii NAV be
stated that efforts to force payment OF
deposits win be in vain. There can be
no run on the blink since It Is closed. II
Is useless TO attempt TO storm It's doors.
The Institution has the government be-
hind It as its protector, since it Is now
generally in the hands of the govern
ment. No man not authorized by the
government can hay fingers on any thing
connected with it without the consent OF
the government There can be no dis
turbaDce Of the funds on hand BY any
Que, but the government, and as the gov
eminent represents abe creditors and viii
faithfully and zealously protect their IN
teres4s all IN its power, there is no rea-
ION why all should not DO patient and ]