4491. Home Savings Bank (Chicago, IL)

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demanded and what is called for will be paid. The deposits are not very heavy ME. AT THE MERCHANTS' FARMERS', AND CHANICS' Savings Bank, managed by Sydney Mvers, there was very commotion during the day and no excitement whatever. When the bank opened in the tnorning quite number of persons gathered about the door, and a few went In and demanded their deposits, but there was nothing akinto run. Such as asked for their money got a portion of It, and all seemed satisfied. By noon the bank was descried, and afterward throughout theday nothing occurred outside the usual routine business. The deposits for the day were as large n usual, and the amount paid out was but alightly in excess of the transactions of every Later in the afternoon a reporter called on Mr. Myers, to get his opinion of the situation. Hewas as placi as usual and said he had no ears whatever, nor did he anticipate anything like general withdrawal of deposits from concern. He thought the worst was over, but said, however, that he was prepared for any emergency He had not, of course, enough ready cash to meet the demands of every depositor, provided a " run was made, but no one should go away unsatisfied. His policy would be to prevent the draining of his bank, and he consoled himself somewhat with the thought that bis depositors were not of the usual class, and not likely to become excited and uncasy on the strength of street rumors, etc. About the failure of the State Savings Bank he thought there was a great deal of unneeCFRALLY alarm. The represented deficit was only a few hundredthousand dollars, and he thought ten men could be found who would come forward and put up $50,000 each and take charge of the bank. and no one would loso A cent. Such an Investment he said. would be a good one, and would pay 20 per cent per year. To one of the State Savings depositors who nsked for his advice In the presence of the reporter he said Hold on to your bank-book means will be worth all IL calls for. This statement was made on the theory he had previously advanced, and the depositor thanked him kindly, and went off apparently satisfied. SNTDECKER & co. No one had asked for his money. Most of the deposits are on time certificates. DIME. A few 'depositors were paid full. and all who ask will receive. Tlie deposits are not large. Some who learned that they could get what they wanted left without taking any. ILLINOIS TRUST There was quite a lively demand for money but depositors were paid in full, and will be the future. Notice will not be asked. On the 1st of January, finding that no money could be made on deposits on which per cent Interest was paid. the rate was reduced to 5: and If doesn't pay. the rate will be put still lower, until it will pay to handle the money. UNION TRUST A few call and were paid In full The deposits are not heavy. and those wishing their money can get it. The time-rule will not be enforced. CHICAGO. Not much was paid out, nor was much taken in. Notice will edemanded on large amounts. The deposits are light. INTERNATIONAL More was received than was paid out. The deposits amount to $70,000, and are available. SILVERMAN & co. Some money was drawn out. No notice will be required. The savings account is small. H. J. CHRISTOPH A dozen pocketed their money, and, as no time is necessary, all who knock at the wicket will be accommodated. WASMANDORFF & REINEMANN. If any one desires his money he can get The deposits are small NEIHOFF All who called were given what they asked for, but not much passed out over the counter. The deposits showed no variation. EMIL JOSAPHAT. The deposits are light. The failure of the State will have no effect upon his business. GERMAN. At this bank the time rule is alwaysobserved. run no run. Some wished money and got what they were entitled to. The deposits were not as large as usual MR. PELSENTIAL He paid out as If the State had not gonedown, requiring no notice. The deposits are light. PELSENTHAL KOZMINEKI More was gathered In than was taken out. No one went away dissatisfied. THE PRAIRIE STATE LOAN AND TRUST COMPANY. at No. 110 West Washington street, had not experienced any trouble wor mentioning. Every thing appeared quiet about the bank, and there were.but few more applicants for money than usual. No trouble whatever had been met from the better educated class of depositors, but a few of the more Ignorant were nervous and Mr. Van Zandt, the Cashier, explained that it was decided to apply the no tice rule to this clase nevertitles wherever money was needed for legitimate use In bustness was paid promptly. The rulo was only applied to prevent the summary closing of ac counts. The institution retired from the commercial business a year ago, and then paid off depositors in full in cash to an amount exceed ing present deposits. Since that time the most conservative polley has been pursued, and only 5 per cent interest paid on deposits. THE HONE SAVINGS BANK at No. 183 West Washington street. corner of Halsted, presented its usual quiet appearance, and up to the close of business had not been annoyed with anything of a panicky character on the part of customers. l'he Cashier, Mr. Blake, sald that three or four women had become scared and withdrew their accounts, but, rule, the patrons of thro bank were not uneasy. The Home had anticipated this disaster to the State for over a month, and was conse. quently thoroughly prepared for any run which could possibly oveur. A little more than the average Was paid out during the day, but not much. THE COMMERCIAL BANKS. AN EXCEEDINOLY DULL DAY Yesterday afternoon a TRIBUNE reporter made a tour amoug those banks-National and others-which do a purely commercial business. He found, on interviewing the Presidents and Cashiers, that trade was very dull,-ab normally so, when the season Is taken into consideration. The demand for discounts was unusually light. Depositors betrayed o anxiety whatever, and the calls for currency from the country banks were exceedingly light A few $10,000 packages were sent out, and some smaller sums were ordered, aggregating in not over $150,000, an unusually sinall sum in the midst of an exceptionally good harvest, Letters from Minnesota and Wisconsin bankers stated that the Jarmers were unwilling to dis-