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fidence in the Banks. Following the closing of the Stockgrowers bank to day. and with a view to excitement that this event may a meeting of have allay caused. any the citizens called and business men of the city was Miles City club rooms at half four to consider a course past at the National of action bank. proposed by the First Promptly at the hour named the meet ing was called to order by W. B. Jordan motion of Dr. Fish. elected chairman of and vell was on Judge the meet Stre assuming the position the but forcibly ing. judge On briefly portrayed the damage the situation as it existed and disaster that would overtake all our local interests if the unreasonable alarm that causes bank runs" should take possession of this community. He was W. B. Jordan president of National bank who followed the First by stated of that the it was the desire and intention of the bank to keep of it open but to officers that institution the do doors this would require the co-operation and sup port of the community. The bank was financially sound. and its stockholders men of well known wealth. He stated that the bank had funds to conduct business in the ordinary way. sufficient easily course Although for pursuing a very conservative the last three months the bank has nevertheless made loans continuously for of its patrons. and be to do so. All that was able the benefit required will still to accomplish this and save this community the distressing effects of having to gointo forced liquidation was the confidence of the people. The plan decided upon by the directhe bank to protect the interests and through it. of tors the of bank. those demands of the community was to pay all made upon it for legitimate business purposes. but to refuse to pay any demands made where it was known and apparent that such demands were-made for the purpose of hoarding the money away. and retiring it from circulation. Prof. Bach followed in an endorsement action of the that he would do all stated of the proposed bank that and he could to aid them in its performance. Mr. Jordan stated that the bank did not ask for any assistance save in the continuance of ordinary business transac tions and the full moral support of the and the latter most of all. known financial community. The well ability of the directorsof the bank was an assurance of its solidity and if this needed any strengthening it was afforded by the fol lowing announcement which the bank had at hour before made public: ANNOU INCEMENT. We are not insensible to the fact that financial condition of the people in in the country. present having banks money banks. however solvent such may liable to be anxious about the of such money. and safety be. are by reason of such anxiety create what is commonly known as "a run on the bank." To the patrons and the depositors of the First National bank of Miles City, we the undersigned. officers and stockof said bank. desire to state that the financial holders we know condition sound. of this bank. to be absolutely safe and that the bank is to pay every if all come at once l'o state depositor able would not be the truth. No bank in the United States, isolated from help from other banks. as we are. could do that. But to the depositors and patrons of this bank is we desire to state that if the patience the bank to be no and know confidence exercised worthy which of. if we run is created or precipitated. and the bank is allowed to pursue its usual course of business we will guarantee. and individually. no shall lose one cent of money personally positor that the dewhich he now hason deposit in the bank. W. B. JORDAN, President. GEO. M. MILES. Vice-President. JOHN CARTER. Director. FRANK C. ROBERTSON. Director. HENRY TUSLER. Director. J. W. STREVELL. Director. Mr. Jordan added that the presenteon dition would be only temporary as in two t weeks the return from beef shipments t would begin to come in and continue until November. R In order to place the matter before the M meeting Mr. Moran moved: li That it is the sense of this meeting that the business men and citizensof of b we. City, approve of the proposed action to National Bank in refusing those that of when they are for the aydepositorson deposit. First olding certificates satisfied is being withdrawn simply of putting it away. or that are desired for amounts the the money sake No actual small need. to be refused payment.
