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THE HIBERNIA BANK. It Has Five Millions in Government Bonds Alone. There was a slight run on the Ribernia Savings and Loan Society's Bank, at the corner of Jones and McAllister streets, during the day. A few timid women and excited depositors withdrew their savings during the morning hours. During the afternoon a number presented themselves to withdraw their deposits. The bank officials paid out money promptly, but as all of the deposits at the Hibernia Bank are in sums under $4000. the total amount of money withdrawn did not amount to over $200,000. The depositors were mostly women and a small scattering of workingmen. The crowd was quiet and orderly and stood in line patiently. One poorly dressed woman, who withdrew her savings in the morning, returned in the afternoon feeling more confident to again deposit her money, but the bank officials declined to reopen her account. The fact that those who withdrew their money will lose the current six months' interest appeared to have little or no effect upon the timid depositors. James R. Kelly, president of the bank, was directing his force of paying tellers when a CALL reporter sought an interview yesterday afternoon. "Well, we are paying them off as fast as they come," said Mr. Kelly, with a laugh. "We have not the slightest idea what has caused this run on our bank. We have no term depositors. We do not accept over $4000 from any one person. We have nothing in common with the other savings banks in San Francisco and do business differently. Why, this institution I regard as simply impregnable, and this run on us to-day is a great surprise. I cannot account for it, except that timid people are easily frightened. It is most astorishing that a bank like ours, with our $5,000,000 in hand in Government bonds alone, should have a run. We have no doubtful securities or stocks of any kind. "Our total assets are $31,132,655, and of this amount $3,650,000 is in United States Government bonds, and $1,069,183 in District of Columbia bonds. These bonds of the District of Columbia are issued by the Government and guaranteed by the United States. Then we have nearly two millions in miscellaneous bonds, and one million of this amount is in Market-street bonds, which are absolutely the best and most secure in the market. The other bonds include Sutter - street, San Jose city and other securities of undoubted value. Our balance sheet for January 1, 1893, shows among our assets real estate and lands and buildings owned by our corporation valued at another million of dollars. We have also nearly $600,000 cash in gold and silver coin in our vaults. Our total assets as stated are over thirty-one millions, while the total amount which we owe to depositors is twenty-eight millions. The actual value of our reserve fund is $2,101,905." Colonel Robert J. Tobin, secretary of the society, returned to the bank from downtown shortly before the closing office hour of 3 o'clock. To a reporter he said: "This is simply an epidemic of fear. The San Francisco banks are in just as good a condition as they ever were. Our bank is perfectly sound. We have over $20,000,000 invested in realty right here in San Francisco."
