New-York tribune., 1907-10-28
PULPITS ALLAY FEAR.
URGE TRUST IN BANKS.
Several ministers Refer to Financial
Conditions an Sermons.

From several of the Citys pupits words OF
assurance were spoken yesterday, and members OF
the congregations were urged 10 remain calm and
not to lose faith the citys banking institutions.
CIergymcn of all denominations counselled their
docks not to become hysterical in these trying
times Among those who refeIred in their sermons
to the financial situation wer6Sthe Rev. Dr. Donald
Sage Nackay Archbishop Farley, who spoke at the
dedication of the Church OF St Raphael; MonsigHor
IaveIlc at st. Patricks Cathedral; the Rev DIT.
J. Lewis Parks and the Rev. DR.. George p. Ecknan.
The Rev Dr. Donald Sage Mackay, pastor OF the
Collegiate Church OF st. Nicholas, Fifth avenue and
18Th street. said:
Nothing can be gained by exasgerating thH acts
OF a few mon by treating a passing phase III
commercial life though il was permanent con
duon. The stability of American commerce. ', ,ne
aud the permanent prosperity of the country as a
whole have not been affected 70 any apPIeGlape ( IL
gree. Greater disaster only aVeTted last week
o,,~ fTsrCo An credit Is due 10 the government
and those mon of character and capital who. during
tho last week. associated themselves with the gov
crnr1cnt representatives in wise intervention at
The whole incident is not. however. mere FURRY
of winter that viii bring hardships to ih9nSahdS
NAV he Seen in the operation of Wall Street. one
ineisteut and persistent cause in producing the
condition OF the last week has 4egn tG "a arf
right sense or personal responsibility on tne P3I'
stitutiors T6is lack OF personal responsibility
among the directors and officials Of PuoHc toLpos"
which I'm Insurance railroads and in trust trans
actions has been ,nearthed In the last eighteen
onicIas have been Of hagrant dishonest ON ON
been mem Of the highest Integrity but thcy have
been Iencieut In a due or their personal 70
spousihiuty In caring for the speclnc duties oe
voyjuS upon them. ,.... 10, ho,-
used simply an opportunity 10 make perTSiI Tis
cal $40 hv attending pertGnctory ,i I7,,, las
been for "a number OF years "A peculiarly uatnuaI
sin In American life. In the failure OF The GveF@Ee ,
citizen tu discharge MS civic OttN w lLi-'i lN
greatest stumbling block In the way Of reform
Al calvary Episcopal church the rector. the Rev
Dr. J. Lewis Parks read letter from the hlS"oP
,-oadiutor of the diocese Of New York, the Right
ps,- David H. Greer which referred 10 the timely
action OF the rablIs and the Roman tathohc clergy
or this city in calling upon their respective con
gresauons TO remain calm at the time OF financial
stress In concluding. Or. Parks advised that
"calmuess. patience and reason prevail.
Or George = Eckman. Of ST PauIs Methodist
Episcopal church, referred 20 the disturbed condi-
tions saying.
II men have faith in God who m Is The E, WI wise 9aflb GI
rector OF The affairs OF me- ur{ W. ~, ~ art
kind viii he good There IS no occasion 10 he dis
ought 10 't9s, IN u% t IN tba face of threat
cucd danger is the man who amounts 20 some
thing. and the man who does not amount 10 some
and ,T thS stat@ In such crisis as that which re,
Gently tro3tgned the com G@mmumT Inc ff%jpy fEjp Foith
In God and the ultimate triumph or WhHt Is rISgI @
sihle be real helpers of society by racing
tho danger calmly.
Or. Eckman took William the Silent as an eX-
annie Of what an optimistic view OF life will ac-
compIsh III he did not have that wonderful re
source Of calm judgment and a strong faith in the
final good of all lfe's affairs which his ir-
plies" said DR.. Eckmau. 'he could not have in
spir,d the people OF his kingdom with confidence
In a time when the Introduction Of civic ana re-
lieous laws threatened 10 disturb social condl-
TONS"
Dr. Eckman believes that tho world is getting
better In spite Of civic exposures. He said that
there is bound to~be civic strife and business
trouble when dishonesty is behind the movements
Of those VINO direct the business affairs Of the
community.
At all the masses yesterday in St Patrick's 81.
thedral the worshippcrs were advised not TO be
alarmed about the furry in the financial world
structed his assistants the day before To touch
the financial trouble in the of their sermons.
and he preached at the 10 o'clock mass. advising
the corEro cation that there need be no fear. lie
remarked that undue alarm often caused needless
trouble TO both depositors and those persons hold
ing funds trustees. He said that in hts opinion.
the danger ovar. and that the public should he
keen realize that and so have confidence in
sound institutions.
The Rev. DR.. g. +. Aked at the Fifth Avenue
Baptist Church. In a discourse goodness touched
slightly upon the events of the last week
our sum total of the happiness Of life said
often enough get credit for the good do Loss
Of credit is loss of power-Tm speaking of spiritual
things although have read the newspapers this
week"
This was the only mention of the six days pam
cky feeling in financial circles made in his sermon.
In addressing hundred priests at the dedca-
ton Of the Church of ST. Raphael. Archbishop
Farley said in reference To the financial panic:
deem il my duty say 10 YOU apropOs of tho
business disturbances which have excited the city
in the last few days, that have confidence in the
solvency of the banks and that should be
ready 10 express ourselves in this TO the
people. that We may allay the pancky sentiment
which constitutes the real danger if there be any.
of the situation. l have watched the recent
leading public and business men, all of whom
hrm my own belief that the various fiduciary In
stituuons are sound and the money deposited in
them Is safe But any set of banks at any time.
could be embarrassed by general run upon
them, involving demand for the funds which have
been safely invested but are not Immediately
have not at any time been frightened. AL
though / am the custodian of several parcels OF
funds deposited in the banks and trust Companies,
have not felt Obliged to call for them during this
excitement AS you gentlemen have large influ-
ence with the public, render patriotic
vice by making known the truth far as we
know it. in this important matter. restoring the
confidence of the people and preventing disaster.
hopefully expect that within few days the
whole furry viii have subsidized. Our vessel is
able TO ride the waters, and strong to stand up