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AND DAY BANK STANDS RUN; ITS FRIENDS RALLY President Says It Has Ample Funds to Pay Every Depositor His Money AGED PATRON DROPS DEAD Officials Buy Cuffee and Sandwiches for Scores in Line. Conspiracy Charged This morning the All Night and Day Bank had in round numbers $1,250,000 deposit, of which over,$800,000 was commercial and over $400,000 savings accounts. We had on hand in cash in our We bank and others nearly $750,000. paid out in the savings department likely $10,000 in round numbers up to 12 o'clock when it was thought best to require the usual and customary notice on ordinary and term savings. This can be done by giving a written notice to the bank that anybody desires to draw their savings account or you can come in personally and give it in writing, just as they desire. It is likely that in a day or two the usual notice of withdrawal will not be required. During the day we have likely paid out on commercial and savings accounts $125,000. Up to 3:30 $25,000 had been deposited by depositors of the bank. From that on until 11 o'clock perhaps about $50,000 has likely been deposited, making a total for the day of $75,000 deposits in all departments. The day's business has not been as large as the 24th of February, when $189,000 was deposited and $140,000 withdrawn in the usual business may. Telephone and personal calls on the officers of the bank have been made by persons having money on deposit, assuring the bank of their loyalty and offering to deposit more money tomorrow, one party offering to deposit $20,000, another $50,000. and so on, from small amounts to large amounts. The most loyal people were the people who have loans at the bank, people whose loans were not due for thirty or sixty days came in and paid their notes, and others telephoned in and told the officers that If the bank needed the money they would pay them Tuesday The small depositors got in line and no one was insistent. A great many people, when understanding the matter left the line. Others simply came in in the usual way, except that they had to get in line. drawing small amounts and leaving their balance the same as usual The officers do not estimate that over $50,000 has been actually withdrawn from the bank for the day over the deposits. Saturday the bank opened likely 150 new accounts and increased in deposits over $25,000. The officers have been doing everything possible to make it convenient for those who really desire to draw their money, and even furnished sandwiches and coffee for those who were in line. The friends of the bank and the public have shown their appreclation of the services rendered the community by the All Night and Day Bank by mingling with the erowd and assuring them of their loyalty to the bank. The directors who were seen, five of them being present, report that the condition of the bank is perfectly solvent, and that no person will in any wise lose a single dollar. They have had hundreds of offers, asking permission to buy the accounts from people in the line at a discount, and the word given to the depositors was not to sell their accounts under any circumstances or to take one cent less than was due, as there is no need for it. The savings depositors are only a very few giving the notices, they evidently feeling that without a doubt the notice would not be required for very many days, and they would get their money sooner by not giving notice than by giving it. The savings department only paid out a very small amount, requiring notice as that required by other banks. Very few savings depositors were in line, the most of the people In line being the small checking depositors with very small accounts. We will remain open until 12 o'clock Saturday night and we will open again at 7 o'clock Monday morning. Our friends are standing loyally by us and we are not allowing the people who will benefit by our not getting deposits scare them into drawing their money. Ever since this bank started It has been the target of other institutions because we took care of the people; be. cause we allowed people to do a banking business any time they desired; because we became acquainted with our depositors; because they were so loyal to us and because they brought us other depositors; because a man could come to our bank and borrow $50 the same as the one who wanted $5000, providing he had the security to give for it. We are In absolutely solvent condition and there will be no question but what our friends are going to stand by us and not be scared into doing themselves an injury as well as us. Every person will receive dollar for dollar. Of the line that is now standing in front of our bank one-half has not a dollar in this bank, but are holding their place in line to sell to people who have been scared by these false rumors. (Signed) PRESIDENT AND BOARD OF DIRECTORS OF THE ALL NIGHT AND DAY BANK.
