The Washington herald., 1906-11-18
veIy closing their heads" without rhyme

slveIy closing their heads" without rhyme
or reason.
Assistant Comptroller Reeves. of the
Treasury; Rev Father Stafford, OF St.
Patrick's Church; Director B. II. Warner,
President Edson himself, and others ad-
dressed the crowd during the morning, all
assuring the depositors Of the absolute
safety Of their money.
Father Stafford appealed to them in
eloquent manner, urging them not to be
disturbed. "All Of my church money is
on deposit here, and viii stay here" said
he.
Meanwhile. throughout the city, checks
on Mr.. Edson's company were cashed
without a moments hesitation. and ciu-
zens and firms who have not done bus
mess there announced their intention Of
opening accounts tomorrow, simply to
show their faith and confidence. Mr..
Edison and his associates, from morning
until night, received generous and sub
stanial testimony of the high regard in
which they are held in Washington.
a Conservative Institution.
The Washington Loan and Trust Com
pany has always been managed in the
most conservative manner, and its cash
reserves are looked upon as most
ample. AS an Illustration Of the con-
fidence which is entertained in the sta
bility Of this institution, the president Of
one Of the leading banks telephoned to
the head Of one of the large department
stores, notifying him that if any checks
of the Washington Loan and Trust were
presented during the day he would be re-
/ sponsibIe personally if they were cashed.
He said that he would make that offer
good up to 100000
Among bankers, and in fact among all
| classes who have any knowledge of the
condition OF financial institutions in this
city. the utmost surprise is expressed that
anything in the nature of a run could
! have occurred in the case Of any institu-
tion here receiving deposits. It is a curl
/ Gus circumstance that what has been per-
/ haps the most rigorous examination Of
/ the financial institutions Of the city that
! has ever been made by the Comptroller
| Of the Currency has just been completed.
! This examination into the affairs of banks
was made by one Of the most competent
men in the force Of Treasury bank ex-
perts, and the results were highly credit
able to the management, as well as to
| the condition Of the various Institutions.
Statement by Directors.
! During the morning the following state
ment was issued by the directors;
In view Of runners resulting from
an error IN confounding this institU-
/ tion with another We desire TO assure
/ the stockholders, depositors, and pa
irons Of the Washington Loan and
| Trust Company that il was never in
such sound and safe condition as at
/ the present time. Attention is in
/ vited to It's statement just made to
/ the Comptroller OF the Currency,
/ which is published in the press.
We assure all concerned that their
| money and property entrusted to our
! care are perfectly safe.
! Charles ,. Bailey, \ I. Barber
! William z. Barker. John Cammack,
! John 4. Carmody. Augustus Crane
/ jr, J. J. Darlington. James T. Du
/ BOIs, John JOY Edison. A. p. Pardon,
! John A. Hamilton, Philip Hlchboru.
/ John A Johnston, Martin A. Knapp,
! John B. Larner. ". A Mearns, H. L.
/ Mirick. Watson J. Newton Theodore
/ " Noyes. Samuel L Phillips. n H.
/ Shea, Louis P Shoemaker. Thomas
/ w, Smith, Ellis Spear. John \. Swope,
! George TrUesdeH. 3. Fl. Warner, A. A.
/ Wilson. A S. Worthington, H X
| Willard, directors
Acting Comptroller T. P. Kane. In addi-
tion to the brief statement herewith
printed, had this 70 say In further en-
/ phasis Of the senselessnesS of the run
Never in Better Condition.
"As a matter OF fact. our examiner
made an examination OF the institution
about one month ago, and reported that
! the concern was never in better condi-
/ ton. The statement OF the bank in
/ answer 70 our call for a report a few
/ days ago shows the same thing In fact.
/ the statement is considered the best ever
made by the Washington Loan and Trust
/ Company
7 have done all could to alIay the un-
easiness. All last night and throughout
| to-day people have called me up on the
/ telephone, and, with their voices showing
! great Uneasiness. inquired about the bank.
/ have Unheasitatingly told them that I
/ consider the trust company one Of the
most solid financial institutions in the
/ United States.
! Il understand to-day that the whole
I thing arose from a statement that an in
stitution with a somewhat similar name
was preparing TO wind up its affairs.
! Somebody conicted the name with that
1 Of the Washington Loan and Trust Com
pany and in a few hours people were
/ talking about the condition OF that com
pany. The runor started yesterday, but
/ few people had any idea that they would
/ amount to anything. ! am surprised that
/ depOsitors in the institution are not bet
/ ter informed as TO its affairs. II they
we're they could not possibly have any
/ fear"
REPORT OF THE CONDITION OF
- Z L. L