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WE NOTICE that the Hibernia Savings bank in San Francisco has refused to reopen deposit accounts with persons who withdrew their money during a elight run which was had on the bank on Wednesday last. This is, of course, possible with an institution like the Hibernia bank, which is one of the strongest savings banks in America. But it would not do as & rule. Indeed, as a rule, it would be hurtful to the general business of a community. The proper policy, and the best policy for all, is to encourage people who have yielded to the spasms of a panic to come back &S soon 28 they can to normal and healthy. conditions. Now let us take, for instance, this city. Many of the depositors in our savings banks who were carried away with the frenzy that passed over our community, rushed headlong to their banks, and when they found that the time rule had been enforced, as was right, they at once filed notice that they intended to withdraw their deposits. Now, it is not probable that a single one out of a hundred of these distraught depositore, having had time to think and to look calmly into the situation, doubts the eolvency of the banks 1 and the perfect security of his money. What these people ought to do, now that the sober second thought has had time to assert itself, would be to with draw their notice and to leave the banks free to carry on their business on nort mal principles. They will see, if they reflect, that their notice of intention to r withdraw actually ties up that amount of money; that the banks have no option e but to provide for its payment. In 80