Article Text
W. W. HALL TALKS 41st ANNIVERSARY (Continued from Page 1.) Prosperous Times all Over lations of Bishop & Co. with that bank the States. were well known. and had it been any other day but Sunday there would probably have been a run on the bank which might have taxed its resources Erection of New Building @@ Corner of severely. As it was, a small crowd of Fort and King Streets to excited depositors with equally small accounts gathered in front of the bank, Commence So.m. and, led by a sea-lawyer employed in the Honolulu Iron Works, commenced clamoring for their money. Word was sent to Mr. Damon, who had that mornW. W. Hall, who returned by the ing returned from Maui, and he at Gaelic, reports that the era of prosperonce came down to the bank. Quickly ity now being experienced in the States grasping the situation, he ordered the is almost unrivaled. doors thrown open-Sunday morning though it was-and posted a notice on "Prices are high in everything, there the bank that any depositor wishing having been an almost universal adhis money would be paid forthwith. vance. In hardware especially this is Calling the ringleader of the crowd innoticeable. All the big factories are to the bank, Mr. Damon insisted on paying him the amount of his deposit running full time, and yet the supply then and there. although, when the does not equal the demand. money was being counted out to him be "The corn crop this year is to he begged to be allowed to leave it in the heaviest for a long time. Crops in the bank. No one else called for their deposits, but all that day Mr. Damon general have been good. This fact, stood at his post prepared to pay any coupled with the trade revival, has and all comers. Monday morning brought about the present conditions. came but there was no run: public con"My trip was for business and pleasfidence was restored. if it had ever really been shaken, and business went on ure combined. We shall begin the conas usual, the close of the day's busistruction in a few days of the new ness showing a large excess of deposbuilding to take the place of our presits over withdrawals. nearly all the ent store. Now that the warehouse on merchants of the city adding largely to their deposit accounts besides offer the Esplanade has been completed, we ing Mr. Damon any assistance that he can go right ahead with the work." might need in tiding over the crisis. In San Francisco the belief was generJOHN F. SCOTT ILL. al that the bank would go down with the Bank of California, but Bishop & Co. were really in better shape to stand Stricken By Paralysis His Recovery a run at that time than their depositis Doubtful. ors dreamed of, and, in fact, had been John F. Scott, principal of Waimea preparing for the emergency for School, Kauai, sustained a stroke of months