Article Text
when they reached the teller's window received hia coin without delay. To expedite matters somewhat two paying windows were opened and for the last two hours a double row of depositore walked up and received their cash. Unobeerved through all the eagerness of the seekers after coin. came depositors, they were little thought of yesterday, yet they came all the same. All the business men who have dealings with the bank sent in their deposite as usual and that one thing beyond all others, proves that the solvency and stability of the bank is assured. Promptly at 3 o clock the doors were closed, those depositors who were inside the bank at the time being allowed to remain and get their money. After that, entrance could only be secured through the side door, and only then after H searching inquiry from an officer in charge. Nevertheless, about 10 minutes after 3 o'clock a business man pushed a his way in and in the presence of HERALD reporter made a deposit. MAJOR BONEBRAKE TALKS. Maj. George H. Bonebrake, the president, said to a HERALD reporter, after closing hours yesterday, that he had nothing to say, DO statement to make, and he could not in the least account for the run beyond the general panicky con. dition which at present prevailed over the whole country. "There is, one thing, however," said he, "you can state that this bank is solvent; that it has enough money to pay two dollars for every one on deposit, and this run can go on as long as it wants to, all demands will be met." THE FIRST NATIONAL, The excitement spread to the patrons ef the First National and the officials paid out money as fast as possible. Three extra paying tellers were employed, and no hesitation was shown in meeting any and all demands. Mr. J. M. Eiliott, president of the First National bank, was extremely fatigued from the exertions of the day. He did not at first seem to care to make any statement, but finally said: "You can state that there have been a number of withdrawals of deposits, but the institution has met every one promptly, even after the hour of closing. As to the condition of the other banks I can not state. What means, if any, to be provided to meet the emergency will rest with the action of the clearance house." SOUTHERN CALIFORNIA NATIONAL. During the morning the Southern California National bank, in the Nadeau block, corner of First and Spring streets, transacted much the same business as usual. There was not much of a crowd in the bank at any one time, and it louied as if there would be nothing much to chronicle out of the usual in its transactions. In the afternoon, however, there was a change, and before the bank had closed $100,000 in coin hak been paid out over the counter to depositors. President Breed said to a reporter that the condition of the bank was first-rate, and its resources were weil in hand. He hoped there would be more reason on the part of the depositors in the banks today than yesterday, believing that none of them could stand the steady drain on their resources that would follow a general run. It could not be expected that banks kept all their deposits on hand, and they would be obliged to have time to meet an extraordinasy demand. He thought, however, that if all the banks should close it would be only a few days before they would resume. He did not believe that, even if they should close, the depositors would lose a dollar, with the exception, possibly, of one or two. "Referring to his own bank he called the attention to the stockholdera and their resources, mentioning David Remick, who is worth at least $1,000,000; W. H. Avery, $500,000; John Bryeon, ar., S. W. Little, Erastus Wells of St. Louis, worth several millions; W. H.
