Show A RUN ON THE BANK A committee of merchants help a dakota immler at pinic I 1 ian across 1 yew york man mail tile the other day who is largely interested in the banking business of at dakota tho the conversation drifted into a discussion of the character of tho the people out there they may borough be rough in their manners said lie ho and uncouth in ili their way but they stand by a III man in when lio lie is in ili trouble ha and they never forget a friend I 1 had ru an opportunity ID ho went on to test this trait not many years ago tho the bar bank 3 of the town where I 1 was staying found itself greatly embarrassed one fine lay day by the failure of its principal correspondent in inthe the territory this fact became known late in the ho afternoon titter noon of the lay that the news of the hie failure reached A run on the bank the following followill morning was inevitable to meet it t here was but in ili tile tho vaults tho the remainder of tho the assets could not immediately be turned into ready cash the president of the bank was at his 1113 wits end ile iio know what to do morning caroo came and lie decided to close the bank llenas lie was about to give the necessary orders ahert in walked 1 I 1 committee of tho the leadin leading merchants of the alio place they asked for foi en all explanation of therit alie situation I 1 it was given to them and likewise an all opportunity to look at the books A short examination sufficed to show that tho the bank balik was only temporarily embarrassed they said to the president you open the doors at 10 as usual and pay the depositors Y see sec you through this thing 1 but how are yon going to do it said the president 1 I have bay but here and ami there are arc at least 3 in deposits to bs be met halt half of that sum is clamoring on the sidewalk sidema ik now never mind you open the bank and go ahead said the committee and jowill wo will see EW you through well the bank was opened and aid in rushed lie file depositors and out went the money tile the pile of greenbacks green backs on oil the cashiers desk grew smaller and smaller and tile crow cron d ot of depositors continued to increase i with ith e eiery cry minute still the paying angat at the ho tellers window vr went enton on on the sidewalk the people who had drawn their money were nere met by some of the merchants who had promised to see the bank through what are arc 3 ou on going to to do with your money they would ask 1 T I dont know came the answer suppose you leave it with us you know our house and know that we are response res responsible ble wo IVO will rive aou i on our note anil and so much 11 interest ll 1 to tile the farmers for the majority of 0 depositors were nvere farmers the money in their pockets where it drew no I 1 interest ni as of little use they preferred of I 1 course the notes and alid were without difficulty persuaded to part with their money As soon as they had bad received the money the merchants would deposit it in the bank the samo same money was paid over the counter three times or oftener I 1 in the course of the day and when the bank closed at 3 in fit tile after afternoon it t 1 hd i d noa on it iad in its vaults as much mone money y as it 1 biad started with iu in the morning 91 and with avith it had bad paid over 20 of deposits the promptness gitil 1 which it met tile dema demands nilst ot the depositors stayed the panic and the next morning there was not the slightest indication of a run this is ili an absolutely tru estory said my illy informant in conclusion for I 1 was myself tile the president of that thai bank now can you in match atch that by anything in the east cor new york tribune |