The San Francisco call., 1906-05-24

ring throughout the day.
Some groups consisted OF families
who had taken the precaution TO
bring something TO eat and who
munched begrimed sandwiches in the
storms OF dust under the lee OF
/ fence that had remained standing
after the fire went by
QUIET AT OTHER BANKS.
The scenes about the Hibernia Bank
neigh borhood were not duplicated at
either of the three other banks that
were reopened yesterday. At the
Mutual Savings Bank, the doors were
opened at 9 a. m The Mutual has
about 10000 depositors- Compare
lively few of these came 20 the bank
ing house. Like the Hlbernla, the
Mutual Savings Bank was able TO re-
sumo in it's old quarters. the bank
building having stood securely
throughout the disturbances of APRIL
the loss being caused by the burning
out OF the infiammable materials used
in interior construction and 1urn1sh-
ings and Office fixtures
At no time were there more than
100 depositors in the bank at once.
Deposits, so the officers OF the bank
reported amounted to q considerable
sum The money Withdrawn amount
ed to little more than an average days
business
According TO a statement issued by
the bank, the average OF deposits for
10 900 depositorS is but $1,000 eachs7
The Mutual Savings Bank had So
000. 900 loaned on real estate. Less
than one-half of the amount was on
properties situated in the burned dis
trict of the city Where the loans
were in the burned district the i'm
provements were fully insured The
bank building was insured for $780,
600. 1t can be restored TO its original
condition for about half OF that sum-
The bank had half Of it's deposits
invested in United States bonds and
miscellaneous bonds, TO the amount
OF $4,000, 900. all Of which was re-
ported by the bankers to be good and
available The bank reopened with
S2,O00,O0O in cash belonging TO the
institution
1--WE asked no accommodation
whatever from our correspondents"
said one OF the officers. although
such banks as the First National OF
New York, the National Bank OF
Commerce OF New York and the Ma
tional City Bank of New York made
voluntary offers OF assistance At 4
the Mutual Savings Bank no limit was
placed on the amount that depositors
could draw.
At the German Savings Bank, in
the old bank building on California
l..
ceeding $50 persons at any time dur
ing the day All depositors drew
whatever they called for One lady
took out quite a large amount and
had a sack in which TO place it. After
she had received the money she re-
deposited IT,
ONLY ONE TEMPORARY HOME.
The Mechanics Savings Bank was
the only one OF the four mentioned
that opened in a temporary structure
Around the vault, which. with all its
contents. entirely escaped injury by
fire, one-story wooden structure. OF
size sufficient TO carry on a large
banking business. has been con-
structed.
J. u. Calkins. the cashier. said:
I'VE opened at a. m. at the old
stand. and have paid every depositor.
without limit, who has visited the
observed. This bank had only twelve
loans on property in the burned dis
tricts- We have money sufficient TO
satisfy all claims promptly"
During the greater part OF the day
there were so few persons in the Me-
chanics' Bank structure, ut 143 Mont
gomery street, that absolutely no in
dication was afforded that money
was in demand.
There was no excitement at any re-
opened savings bank yesterday. No
doubt was anywhere expressed about
the ability of the savings Institutions
to pay dollar for dollar as the money
is wanted
The San Francisco Savings Union.
which Will reopen for business in the
old China building. at the northwest
corner OF California and Montgomery
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