Article Text
and the directors decided to temporarily suspend. Bank Examiner Plumlee was notified and is now in charge of the bank. It 18 recognized in all quarters that the bank is perfectly solvent and will resume as soon as the proper examinations can be made. The last statement made by this bank was at the close of bueiness July 12, and places resources at $2,722,811.93; due depositors, $1,167,929.78, capital stock. $1.000,000. W. W. Berry 18 president of the bank. The Fourth National opened at 9 o'clock, and soon the long line of people waiting to draw out their money was in motion towards the teller's window. By 10 o'clock the news of the suspension of the American National, just across the street, added to the excitement of those patiently standing in line. Some brought came stools and took things easy. An immense crowd of lookers-on gathered. and the throng continued increasing in numbers until late in the afternoon. Payments were made to all who presented checks. But DO extra hurry in Daying the currency, gold and silver was indulged in by the teller. Payments were not refused, but the money was counted over two and three times, and rolis of gold and silver coin were broken open and counted by the piece to waiting depositors. All day long the long line stood and moved inch by inch until, at 5:30 P. M., the last man in line had been paid and the teller, who had stood at his post all day long, closed his window. About fifty thousand dollars had been paid out. The bank officials say the worst 18 over, and the deposits of the day almost equal the withdrawale. They also say that they are ready to meet all demands and that there will be no run to-morrow. The Union Bank and Trust Company remained open all day and apprehends no trouble. There was no run. There was no run on the Merchants' Bank. The day closes with three banks doing business, one a large institution-the Fourth Na. tional-and - the other two institutions organized under State laws. No individual assignments have been recorded.