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RUN ON THE COMMONWEALTH. Statement of Mr. Davis, Reseiver of the Ocean Bank. >nation Meeting of the Depositors. ion Square National Bank-The Officer ot Yet Ready with Their Statement. OF THE SHOE AND LEATUER BANK. The Feeling in Wall Sircet. nancial flubusters who prowl in the vicinity sucstreet in hopes of gain are occasionally long in their efforts to create a panic. It is a ever, that has no turning, and since all plagnided endeavors have recently been rewith general suspicion out little importance hed to their miserable intrigues. A atting lion of their futue conspiracies occurred yesAt an early hour rumors were actively cirthat several well-known and prominent those were about to follow in the wake of insolvency tions whose excited market such was ation, and the money time staggered by the conflicting which ingenious speculators had confor general circulation. For an hour or so the was startling, and a feeling of uneasiness and rity, even among well-informed classes of the retal community, prevated. It was a pretty ame from the commencement, but, as events affair resulted in the complete failure of the restoration of a more nd tone to monetary hersa-and the satisfactory affairs. coun- The us 10 injure was genas a very regarded attempt substantial what by estab. the commented upon brokers and merchants of came of it the table at as nothing was severely matter the metropo- engaged of the attention of men rumors every day in that the Tenth of the by unfounded little it WRS stated Commonwealth accustomed the were National week. in fall and the Bank that an anxthe effect being was set on foot to ious vestigation condition, generality ascertain the r of the report. As was not the slightest there falsity was foundation drawn was ex- for mor and the only inference to be the stock speculators had been their earat work to turn a penny, that one or being partially aided by had the two banks to the wall" a day or two before. Inquiries Clearing House showed that the Bank of the onwealth, notwithstanding some losses twelve sago, was in a comparatively prosperous on that all its payments were promptly met, its affairs were very carefully managed. me story was told at the Tenth National Bank, fact, very little was required to demonstrate e rumors so rapidly set afloat were altogether n truth. Then there was added the story that ank or North America was debtor at the ng House to the extent of nearly two millions ars, but that was very satisfactorily accounted the fact that large deposits of current notes en withdrawn. All balances were promptly hile a pretty large margin of greenbacks was in reference 10 the drafts upon that instituChicago from insurance losses, it was stated om about the middle of October until the bcb-bl the present month a great many draits from the East, but that at the present time w drafts of this kind were presented. Alto the effort yesterday to create an excitement nurely futile. To be sure, it had its effect, soon as the report was started about the of the Commonwealth a run was made, and hort space or time the sum of $400,000 ckly paid. But notwithstanding all the its that prevalled the checks of the Bank of monwealth were taken as deposits in all of the city. Leather ading the Shop banks and Bank At noon went the down Presi- 10 tution in question and proferred any assistOfficers of other banks subsehis example; but his followe:1 power. their required generous by ere declined, as no security was Commonwealth for the faithful In fine, cers ge of of all the liabilities. the wound general feelin being that of uneasiness, up with confidence in the establishments that had liciously assailed. enn Bank-Indignation Meeting or Depositors. st creditors its management, of the Ocean as will Bank be continue seen from to rail the of a of depositors reported of as rehere. edings The appointment meeting exasperated Mr. Davis them. seems especially to have avis yesterday made to reporters the decla. that ne was never the counsel of the bank. stated that his only connection with 30. about the time of the burglary in At that time Mr. Fancher was the out of town, & to, and work el; was but, applied being he commenced his firm (Davis ucceeded in securing $160,000 of the stolen rty. The receiver denied that he had more THOUSAND BIX HUNDRED DOLLARS ON DEPOSIT IN THE BANK, thstanding his statement to a HERALD reporter esday that he had $5,000 in the institution. OKIS was questioned as to the statement of ring paper that nearly $400,000 of protested was held. He estimated it at $300,000, but red that a portion of the protested paper had zed the bank a return. When asked now he thought that OF IT PIFTY THOUSAND DOLLARS books, called WAS Off BAD. to his he folof the bebe the onca of make en, to items referring only protested those paper, that which go to the he e $300,000 as bad:$11,000
