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STRENGTHENED BY THE TEST.
It is a little difficult to define exactly a "run" on a bank. Money is constantly being withdrawn from banks, and quite often for other than sound business reasons. But the term run is usually confined to the condition that exists when, in response to some widespread rumor, a large number of persons rush to a bank to withdraw their funds, and the movement is so pronounced as to attract attention. On Saturday the Northern State bank of this city experienced a movement which complied with those specifications, and which may therefore be described accurately as a "run."
A run is an exceedingly unpopular thing in banking circles, for when a panic is once started there is no telling where it will end, and it may be said that no bank courts the experience in order to ascertain what the effect will be. While Saturday's experience was unsought and unwelcome, there is now a general feeling of gratification over the result.
Because of rumors for which there was not the lightest foundation there developed, especially among small depositors unfamiliar with bank standings and banking practices a feeling approaching panic, and during the two business periods of the day, Saturday morning and Saturday evening, the corridors were thronged with people waiting in line until they could get their money into their own hands.
Every demand was met promptly and in full.
