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A Run on the Farmers' and Mechanics' Savings Bank Caused by a Silly Rumor. The Net Profits of the Exposition Over $25,000-The Old Directors All Re-Elected. Manual Training in the Schools-Drug Clerks Discuss the Pharmacy Law. The Contest Cases Will Probably Not be Tried--The Associated Charities. A vague rumor has been floating around n the chilly atmosphere for the past two lays to the effect that "something is the natter with the Farmers and Mechanics Savings bank." As to just what the "something" was no one seemed to have any detinite idea, but nevertheless the nature of the report was sufficient to alarm some of the timid depositors. and yesterday a run was made upon the bank. When the bank doors were thrown open at 9 o'clock quite a crowd of depositors, who had congregated on the steps and sidewalk, rushed in. The clerks behind the brass railing began paying out money as fast as the orders were presented, only occasionally asking some old depositor why he was withdrawing. The answer was generally: "Oh. I heard something.' accompanied by a rather confused look. At noon it looked as though the rush was going to continue, and Cashier Moulton gave orders to keep the doors open as long as people were waiting. In the afternoon the crowd gradually dwindled, and when, shortly after 3 o'clock. the doors had closed, all had apparently been waited upon. The amount drawn out during the day was $50,000. A FOOLISH BREAK. It seems strange that an idle report, started by some foolish or designing person, should have the effect of creating alarm concerning such a stable institution as the Farmers & Mechanics Savings bank. The bank has been in existence for twelve years, and is known as the most successfu savings bank in the country west of Cleveland. It does no commercial business, does not loan on notes without security, and invests only in bonds and mortgages. Under the law governing savings banks it cannot loan over $5,000 to any one man, whoever he may be, SO the possibility of any considerable loss to the bank by other failures is very slight. The officers of the bank are: President. Clinton Morrison: vice president, Thomas Lowry; secretary. E. H. Moulton: trustees, John S. Pillsbury, R. B. Langdon. T. D. Skiles. John DeLaittre, J. W. Johnson, M. B. Koon. J. C. Oswald. Thomas Lowry, Clinton Morrison. E. H. Moulton and William Morrison. Eleven citizens whose wealth is greater or who are more highly respected could hardly be gathered from the business community of Minneapolis. CASHIER MOULTON'S STATEMENT. "I am a good deal disgusted," remarked E. H. Moulton, secretary and treasurer, yesterday, "at such a foo ish alarm. If there is a bank in Minnesota that is prosperous and financially sound, it is fours. We have done business for twelve years, and never have we had such a surplus, or such good securities. Still there could not have been a day in our history upon which we could have better arforded to enjoy the noveity of a run. We are requiredo by law oto keep only about onetenth part of our deposits on hand, which would be $216,450, and we happen to have $337,765.26 on hand. We can pay off every depositor and have $110,000 left. You see, what annoys me most is. that none of the officers or trustees draw one cent of salary. They have organized and maintained the bank for the good of the community, and it has been conducted strictly and conscientiously in accordance with the laws governing savings banks. This run looks like a reflection upon them, and I must confess that I feel exasperated." Mr. Moulton, by request. furnished the GLOBE with the following statement of its condition up to date: Mortgages on property worth $1,285,503 34 $3,222,152 56,450 29 Loans on mortgage collateral 50,000 00 United States government bonds 80,000 00 Bonds of city of Minneapolis Bonds of counties, towns, etc., 378,350 45 in the state Accrued interest and undivided 85,000 00 profits 43,843 68 Real estate 2,500 00 Fixtures 329,570 01 Cash on hand $2,311,218 77 $2,153,166 90 Due depositors Profits due depos77 87 $2,201,218 itors 48,051