The Montgomery advertiser., 1907-10-24

corteiyou received many callers and all
 who eQnferred with him subseQuently appesred 10 have been treasured.
 Another potent factor in bringing a
 better feelihg ana the undoubted re- stprn of saner sentiment and improved
 confidence, was the ability sof the
 Trust Company of America to with stand an all day run as it successfully
 did.~ In the face of enormous with
 drawals. the officials of the bank pro-
 claimed their readiness to settle with
 alls depositors on demand. Even for .
 few minutes after the regular hour of closing the company continued to pay
 out money at it's main office in Wall
 street and the Broadway branch and
 certify ali checks presented. Then 1t
 was announced that the. institution
 woald be open as usual at i0:3o o'clock
 tomorrow morning prepared for all
 eyektualities.
 So marked was the strength of the
 bank that many who withdrew deposits
 early in the day again deposited them
 before the doors were closed. The
 total resources of the cpmpany as last
 reported were in excess of S70 900, 900.
 Several million were withdrawn. but
 funds to satisfy every claim were said to be at hand.
 This was the only run of importance today and this fact was an en6ourag-
 ing feature. The depositors in the Dol
 lar Savings Bank in tie Bronx. of which borough President John Hehfen is the head, became uneasy over the for their money today under impress
 sion that their deposits were in jeop-
 ardy. These depositors were chiefly foreigners who had confused the run of yesterday on the Knickerbockef
 Trust company's Bronx branch with their own institution. Officials of the
 latter institutions explained matters. and the run for which there was abso- iutely no excuse, ended at once. This furry over. things looked still better as the funinformed element among depositors was regarded as hard to scontrol in times of general excitement.
 Crisis is Passed.
 The Clearing House report was also favorable today. Apparently the na- tionai banks have passed the crisis and those which nave required assist anse, gave evidence today of being able to take care of themselves. Another favorable development to- day was a sort of tacit understanding between the banks and the members of the Stock Exchange to aid each others banks by Ioaning money at something like normal rates. and the traders by preventing LUG OolLUuA UkERPAb6 0@s of prices on the Exchange.T
 ' Though call money ruled nominally at 70 per cent, today and the final acc comm odation was secured at 90 per cent. tn throughout the day several of the biggest banks renewed loans at per cent, and millions were let out at half the interest rate that night have been squeezed from despeyate borrowers. Then, too. minor influences, making for confidence, were at work.
 Taken as q whc1e, therefore, the day passeds sinueh better than. had been ex- oected and the promise for tomorrow is for a quiet and better day all around.
 The conferences at the office of J. F. Morgan & Go. made a thorough re- view of the affairs of the Trust Com pany of America. The company's se- curIties were brought over in wagon loads, carefully scrutinized, and 1t Is understood found so satisfact ory that the Trust Company will receive assist