971. Mutual Savings Bank (San Francisco, CA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
April 1, 1906*
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
36a81a456232cff0

Response Measures

None

Description

The articles describe the Mutual Savings Bank (San Francisco) having been closed after the April 1906 earthquake/fire and then reopening for unrestricted business on May 23, 1906. There is no evidence of a depositor run; reports repeatedly state no sign of a run and that the bank met all demands. Cause of the suspension is the local calamity (earthquake/fire). Dates are taken from the newspaper publication dates (May 23–24, 1906) which report the reopening on May 23, 1906.

Events (2)
1. April 1, 1906* Suspension
Cause
Local Shock
Cause Details
Operations were suspended following the April 1906 earthquake and resulting fire that damaged the city and bank quarters.
Newspaper Excerpt
general resumption of business after the suspension caused by the recent great calamity
Source
newspapers
2. May 23, 1906 Reopening
Newspaper Excerpt
The Mutual Savings bank opened for unrestricted business with $2,000,000 in money and active securities in its vaults. There was no sign of a run and all demands were paid in full.
Source
newspapers

Newspaper Articles (12)
1. May 1, 1906 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, May 1, 1906

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Ane IN Representatives of Savings Institutions Discuss Financial Affairs. The executive committee of the Associated Savings Banks of San Francisco held a meeting yesterday, the following members being present: Richard M. Tobin of the Hibernia Savings Bank, A. H. R. Schmidt of the German Savings and Loan Society, E. B. Pond of the San Francisco Savings Union, J. A. Hooper of the Mutual Savings Bank, A. N. Drown of the Savings and Loan Society, S. L. Abbott of the Security Savings Bank and W. E. Palmer of the Humboldt Savings Bank. These gentlemen have been getting expert testimony as to when It will be safe to open the bank vaults, and the consensus of opinion is that they cannot be safely opened for some time to come. The report that the savings banks would blacklist depositors withdrawing their accounts was strenuously denied, as there is no uneasiness among the bankers about withdrawals, the present conditions not being a panic, but entirely local and caused by the recent calamity. The principal question of discussion was the handling of the money which will be received from the insurance companies in settlement of losses. A definite policy was not decided upon, but all agreed that this money should be used in restoring improvements whenever it was posible.

2. May 23, 1906 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, May 23, 1906

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Never Before in Their History Have They Had SO Much Money on Hand. WAS VERY LITTLE DISORDER. Some Did Not Open Because They Could Not Secure Business Quarters. San Francis:0. May 23.--At 10 o'clock this morning practically every able this city that has temporary' quarters to bank secure in public. been threw An its doors to the this unique open feature connected with after general resumption of business recent the suspension caused by the great calamity, was the fact that never was the history of San Francisco hand. in there so much bank money on been the past week money has inFor into the various financial world. stitutions pouring from all parts of the mint. Leach. of the United States from Supt. many large transfers and European is coming. has eastern still received the money centers, What but some and the is to date is not known, The total ago it exceeded $30,000,000. greater time transfers consisted for the savings last part of large ams for the banks. When the. loors o, ened this morn. they by no means had to outside depend ing the money received from institutions upon sources. Great savings and the Hibernia, the Humboldt and the like Mutual had millions in coin vaults, valuable securities in their fire. which were undisturbed by the named of these banks had its care enormous in when business The trust reported first in opened sums. $15. to- It this bank had back United-States 000,000 day was that in bonds securities, of and It $10.- toin other gilt-edged lists with millions in coin. In are included a 000,000 gether of depositors great Most its num- of of the working classes. recent ber people lost their all in the they these and at an early hour to line up before the 9 o'clock the lines doors. great Fegan fire, By were were bank's sum- over and the police R to maintain order for any possible more pared mioned block long emergency. and little be Their prehowever, consisted of and duties, keeping the patient men disorder than in line. There was no long women not an anxious face in the exand Features were stamped with confiline. rather than worry, for the bank's ability to questioned by no one. that pectancy full dence was in pay The in early lining un simply meant at workmen needed their small savings juncture and took the first oppor- shatthis to obtain them. Over the flag turity bank building an American the in the sunshine and open the floated doors tered awung accompanied shuffle when of feet by the long line was these in ellek of gold. It was music to the the and women who once feared been accumulations men of a life time had without swept away. The banks paid limit. Mutual opened in its own build- but a The which was badly wrecked. the uning. counters and vaults made the task, The or damaged few remaining no great necessary bank officials coin repairs had over $2,000,000 in and in active demands promptly its met said equivalent all they securities. and without to the Cashier Story in referring it limit. of the Mutual said that it had condition peculiarly fortunate in burned that diswas $2,400,000 in loans in the covered trict, but and $1,250,000 of this was by good the Union insurance. Safe Deposit and Trust and At banks both commercial with company's everything proceeded that was savings, of order and quiet of a remote that degree from even a suggestion panic. money Humboldt bank in its temporary in the The carried on business as the fire. Cashier the days only about 30 per cent quarters that before burned district Palmer of said loans were in the return bank's it was the intention to borand insurance that moneys back to the for rebuilding purposes. rowers fact that all of the banks did not the The doors was due to reopen of necessary quarters. dearth had parts their which of advan- Those their Institutions sites remaining had the normal old and embraced it. Now that restored. tage have been about bank conditions of the clearing house closed the in the business mint has been practically up.

3. May 23, 1906 The Spokane Press Spokane, WA
Article from The Spokane Press, May 23, 1906

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People Stand In Line To Take Their Money Although No Apprehension Is Felt by them. o'clock and at 9 it extended down SAN FRANCISCO, May 23.Jones street and then down Golden This morning at 9 o'clock commerGate as far as Market and back cial banks opened their doors for again towards Jones. Old women, the transaction of regular business young clerks, begrimed teamsters unhampered by clearing house reand pretty stenographers, were strictions. Gold in plenty filled the vaults and there is as much money there, all as cheerful as a crowd of theatergoers waiting their turn at in the banks today as ever in the the box office. history of San Francisco. The A young fellow in working stability of the financial situation clothes stepped out of line to give is such that there is not the slighthis place to an aged woman in a est evidence of a money panic and every bank in the city is now in shawl who tightly hugged to her breast her little yellow covered a position to meet all obligations without undue strain. book, and others followed suit, and soon the woman was far up the While the official date for the formal opening of saving banks is line. Many brought lunches and next Monday, many savings insti- stools prepared for a long wait. tutions opened this morning and When the doors opened the first 10 mutual savings banks opened for persons were tolled oti and allowed unrestricted business with $20,000,- to enter and two paying tellers with their money benches heaped 000 in money and active securities in the vaults. with gold quickly passed out coin, The California Safe Deposit & and but few withdrew total deTrust company opened in its old posits. A few large withdrawals were quarters, corner of California and Montgomery streets. This bank is made, but mostly by persons who needed funds for building purposes. the one to first have temporary Most of the depositors merely quarters completed. The Humboldt wanted money for present pressbank opens tomorrow morning. About 30 percent of the Huming needs. boldt's loans were in the burned Meantime two receiving tellers district and the bank announced it were taking care of those who wished to make deposits. will return all insurance money Officials of the bank predict busito borrowers for rebuilding purposes. ness will resume with normal conWith no more rush or excitement ditions by tomorrow. At Market street the line at the than was usuual attending settling day before the fire the Hiberian paying teller's window was smaller bank, the city's largest saving in- than at the receiving teller's, and atitution, threw open its doors at the same was true of the Western 9 o'clock this morning. Every look National bank and the National Bank of the Pacific. Deposits at and every action of hundreds in the Mutual Savings bank were line before the doors opened betokened confidence. comparatively small, and judging The line began to form at 6:45 from the line at the paying teller's

4. May 23, 1906 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, May 23, 1906

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FRISCO BANKS ARE OPEN They Have an Abundance of Money on Hand SOME SAVINGS BANKS RESUME THERE WAS NO RUN ON ANY OF THE BANKS- GENERAL CONFIDENCE. SAN FRANCISCO, Cal., May 23.This morning at 9 o'clock the Commercial banks opened their doors for the transaction of regular business unhampered by clearing house restrictions. Gold in plenty filled the vaults and there is as much money in the banks today as ever in the history of San Francisco. The stability of the financial situation lies in the fact that there is not the slightest evidence of a money panic, every bank in the city now being in a position to pay all obligations without undue strain. While the official date for the formal opening of the savings banks is next Monday, 1 many savings institutions opened this morning. The Mutual Savings bank opened for unrestricted business with $20,000,000 in money and active se( curities in its vaults. The California Safe Deposit and Trust Co., opened in its old quarters at the corner of California and Montgomery streets. 1 This bank is the first one to have its 1 temporary quarters completed. The 1 Humboldt bank opens tomorrow mornd ing. About 30 per cent of the Humboldt's loans were in the burned disF trict and the bank has announced that it will return all insurance money to I its borrowers for rebuilding purposes. Scene at Hibernia Bank. With no more rush or excitement than that usually attending settling S day before the fire, the Hibernia bank, e the city's largest savings institution, h threw open its doors at nine this morning. Every look and every action of the hundreds in line, before the doors opened, betokened confidence. F The line began to form at 6:45 and at 9 a. m. it extended down Jones street and then to Golden Gate as far as Market and back again towards Jones. s Old women, young clerks, begrimed a: teamsters and pretty stenographers fo were there, all as cheerful as a crowd " of theatre-goers waiting their turn at the box office. A young fellow in working clothes stepped out of line to give his place to an aged woman in a pa shawl, who tightly hugged to her pl breast her little yellow-covered book dr Others followed suit and soon the fo woman was far up the line. Many brought lunches and stools prepared for a long wait. When the doors were opened the first ten persons tolled off were allowed to enter. Two paying tellers, their money benches heaped with gold, quickly passed out coin. Few withdrew their total deposits. . A few large withdrawals were made, but mostly by persons who needed funds

5. May 23, 1906 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, May 23, 1906

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SAN FRANCISCO BANKS OPEN DOORS Never Before in Their History Have They Had SO Much Money on Hand. WAS VERY LITTLE DISORDER. Some Did Not Open Because They Could Not Secure Business Quarters. San Francis:o. May 23.-At 10 o'clock this morning practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public. An unique feature connected with this general resumption of business after the suspension caused by the recent great was the never in of San the calamity. history fact Francisco that was on For week the various there pouring the so into much past bank money money financial has hand. been inof the has Supt. stitutions received Leach, from many all large United parts transfers of States the world. mint. from and eastern and European centers, still the money is coming. What the total is to date is not known, but some time ago it exceeded $30,000,000. The last transfers consisted for the greater part of large ams for the savings banks. When their doors opened this morn. no means the like the ing upon sources. they the Hibernia, by money Great received savings had Humboldt from Institutions to depend outside and the in which valuable Mutual were securities had undisturbed millions their by in the coin vaults, fire. and The first named of these banks had in trust in its care enormous sums. It was reported when business opened to. day that this bank had back of It $15.000,000 in United States bonds and $10.000,000 in other gilt-edged securities, to. gether with millions in coin. In its lists of depositors are included a great number of the working classes. Most of these people lost their all in the recent great fire, and at an early hour they tegan to line un before the bank's doors. By 9 o'clock the lines were over R and the police were sumpremore pared duties, nioned block for however, to long any maintain possible consisted order emergency. of and little be Their than keeping the patient men and women in line. There was no disorder and not an anxious face in the long line. Features were stamped with expectancy rather than worry, for conflfull no un dence early was in lining the questioned bank's simply by ability meant one. to pay that The in at and this tunity workmen juncture to needed obtain them. their took small the Over first savings the oppor- shattered bank building an American flag floated in the sunshine and when the open the shuffle of feet line was It was in the doors the click awung long of gold. accompanied music feared to these the by men and women who once accumulations of a life time had been swept away. The banks paid without limit. The Mutual opened in its own build ing. which was badly wrecked. but a counters and the unmade no task, over or \pairs said damaged few remaining great vaults The the bank necessary officials reits in active met equivalent all they demands hald promptly $2,000,000 securities, and in without coin to and the in the it was fortunate condition limit. peculiarly Cashier of Story Mutual referring in said burned that that it dis- had but $2,400,000 in loans in the trict, and $1,250,000 of this was covered by good insurance Safe Deposit and Trust banks both savings. company's At the Union everything proceeded commercial with and that degree of order and quiet that was remote from even a suggestion of a money panic. The Humboldt bank in its temporary quarters carried on business as in the before the fire. Cashier Palmer about 30 per the were in the days bank's said that loans only intention burned cent to district return of and that it was the Insurance moneys back to the borrowers for rebuilding purposes. all of the banks did not their doors was which had reopen dearth Institutions The fact of that necessary quarters. parts due to of Those their the old sites remaining had the advantage and embraced it. Now that normal conditions have been about restored. the business of the clearing house bank in the mint has been practically closed up.

6. May 24, 1906 The Times Dispatch Richmond, VA
Article from The Times Dispatch, May 24, 1906

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POLICE ON GUARD, BUT NO DISORDER Practically Every Bank in San Francisco Threw Open Doors Yesterday-Vast Sum of Money Available. No Sign of Run. (By Associated Press.) SAN FRANCISCO, May 23.-Practically every bank in this city that has been able to secure temporary quarters, threw open its doors to the public to-day. There was no sign of a run. Never in the history of San Francisco was there 80 much bank money on hand. For the past week money has been pouring into the local finanolal institutions from all parts of the world. The total to date has not been computed, but several days ago it exceeded $30,000,000. When the savings bank opened this morning, they by no means had to depend upon money received from outside sources. Institutions llko the Hibernian, the Humboldt and the Mutual, had millions in coin and valuable securities in their vaults which were undisturbed by the fire. Great Crowd There. The Hibernian it was reported, had $15,000,000 in United States bonds, and $10,000,000 in other gilt-edged securities, together with millions In coins. Among 4.8 'depositors are many workingmen and women. Most of them lost their all in the fire and at an early hour they began to line up before the bank doors. By 9 o'clock the lines were over a block long and the police were summoned to maintain order. Their duties, however, consisted of little more than keeping the patient men and women in line. The bank paid without limit to all. The Mutual opened in its own building. which had been badly damaged. The bank officials said they had over $2,000,000 on hand. and they met all demands promptly and without limit. At the Union Safe Deposit and Trust Company's banks, both commercial and savings. everything proceeded with a degree of order and quiet, remote from even a suggestion of panic. The Humboldt Bank, in its temporary quarters, carried on an almost normal business. The fact that all of the banks did reopen was due to a dearth of quarters. Now that normal conditions have been about restored, the clearing house bank In the mint has been practically closed.

7. May 24, 1906 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, May 24, 1906

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ring throughout the day. Some groups consisted of families who had taken the precaution to bring something to eat and who munched begrimed sandwiches in the a storms of dust under the lée of fence that had remained standing after the fire went by. QUIET AT OTHER BANKS. The scenes about the Hibernia Bank neighborhood were not duplicated at either of the three other banks that the were reopened yesterday. At Mutual Savings Bank, the doors were has opened at 9 a. m. The Mutual about 10,000 depositors. Comparafew of these came to the bank- the ing tively house. Like the Hibernia, Mutual Savings Bank was able to resume in its old quarters, the bank building having stood securely throughout the disturbances of April, loss being caused by the burning used the of the inflammable materials in out interior construction and furnishings and office fixtures. At no time were there more than depositors in the bank at once. 100 Deposits, so the officers of the bank reported. amounted to a considerable The money withdrawn amountsum. ed to little more than an average day's business. According to a statement issued for by bank, the average of deposits each." the 10,000 depositors is but $1000 The Mutual Savings Bank had $5.000,000 loaned on real estate. Less than one-half of the amount was dis- on properties situated in the burned loans of the city. Where the imtrict in the burned district the The were provements were fully insured. $100,building was insured for bank It can be restored to its original 000. condition for about half of that sum. The bank had half of its deposits invested in United States bonds and miscellaneous bonds, to the amount re$5,000,000, all of which was and of by the bankers to be good with ported available. The bank reopened the $2,000,000 in cash belonging to institution. "We asked no accommodation whatever from our correspondents." one of the officers, "although of said banks as the First National of such York, the National Bank NaNew of New York and the tional Commerce City Bank of New York made At voluntary offers of assistance." Mutual Savings Bank no limit was placed the on the amount that depositors could draw. the German Savings Bank, in At old bank building on California street, the the crowd was small, never dur- ex150 persons at any time drew ceeding the day. All depositors lady ing whatever they called for. One and out quite a large amount After had took a sack in which to place it. she had received the money she redeposited it. ONLY ONE TEMPORARY HOME. The Mechanics' Savings Bank was only one of the four mentioned the opened in a temporary structure. all its that the vault, which, with by contents, Around entirely escaped injury of fire, a one-story wooden structure, size suflicient to carry on a large banking business, has been constructed. U. Calkins, the cashier, said: old J. opened at 9 a. m. at the 'We and have paid every depositor, the stand, without limit, who has visited today. That will be the rule observed. bank This bank had only twelve on property in the burned dis- to loans tricts. We have money sufficient satisfy all claims promptly. During the greater part of the Me- day were so few persons in the there Bank structure, at 143 Mont- inchanics' street, that absolutely no dication gomery was afforded that money was in demand. There was no excitement at any re- No opened savings bank yesterday. about doubt was anywhere expressed ability of the savings institutions to the pay dollar+for dollar as the money is wanted. The San Francisco Savings Union, which will reopen for business in the China building. at the northwest old corner of California and Montgomery Continued on Page 2, Column 2.

8. May 24, 1906 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, May 24, 1906

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San Francisco May 24.-At a secret meeting of the board of fire underwriters held at Oakland, definite action was taken in the matter of fixing insurance rate for San Francisco. It was decided to double all rates. Some members favored fixing different rates for the burned and unburned sections, but a flat rate for the entire city was finally decided upon and all special rates abrogated. The lines of depositors around the savings banks are materially smaller today, and more deposits were made than withdrawals. As a result of the opening of banks for unrestricted business building operations are given a great - impetus. The construction of scores of new frame buildings begun this morning. Banks All on Solid Ground. At the Market Street bank the line at the paying teller's window was smaller than at the receiving teller's The same was true at the Western National bank and National Bank of the Pacific. Deposits at the Mutual Savings bank were comparatively small, and judging from the line at the paying teller's window. the heaviest run of any of the downtown banks was made there. All demands, however. were paid in full. At the Crocker Woolworth bank over $50,000 in gold coin was paid in today before 11 o'clock, while the withdrawals were very small. At the Union Trust company the deposits exceeded the withdrawals tenfold. Protest Cancelling Bonds. The lobby committee on special session of the legislature today decided against the proposition for the legislature to extinguish $177,000,000 worth of unsold San Francisco bonds. Assurances are received from financiers that the present outstanding bonds are saleable. and the money is needed im-

9. May 24, 1906 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, May 24, 1906

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CLAIM MONEY IS PLENTIFUL San Francisco Banks Open Doors to Larger Dopositors Than Ever Before By Associated Press. SAN FRANCISCO, May 23.-At 10 o'clock this morning practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public. A unique feature connected with this general resumption of business after the suspension caused by the recent great catastrophe was the fact that never in the history of San Francisco was there so much bank money on hand. For the past week money has been pouring into the various financial institutions from all parts of the world. Superintendent Leech of the mint has received large transfers from eastern and European centers and still the money is coming. What the total is to date is not known, but some time ago it exeeded $30,000,000. The last transfers consisted for the greater part of large sums for the savings banks. When their doors opened this morning they by no means had to depend upon the money received from outside sources. Great savings institutions like the Hibernia, the Humboldt and the Mutual had millions in coin and valuable securities in their vaults which were undisturbed by the fire.

10. May 24, 1906 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, May 24, 1906

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BANKS OF 'FRISCO OPEN ONCE MORE Contrary to Expectations There Is No Desire to Deplete the Deposits. SOME HUNGRY WORKMEN WITHDRAW THEIR SAVINGS More Money in 'Frisco Today Than the Most Optimistic Hoped. SAN FRANCISCO, May 23.-At 10 o'clock this morning practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public. A unique feature connected with this general resumption of business, after the suspension caused by the recent great calamity, was the fact that never in the history of San Francisco was there so much bank money on hand. Money Coming In. For the past week money has been pouring into the various financial institutions from all parts of the world. Superintendent Leacn of the United States mint has large transfers from Eastcenters, is What but some ago it date ern received money and is not many European coming. known, the and time total still transfer is the to exceeded $30,000,000. The last consisted for the greater part of large sums for the savings banks. Big Reserve Fund. When their doors opened this morning they by no means had to depend upon the money received from outside sources. Great savings institutions like the H1bernia, the Humboldt and the Mutual had millions in coin and valuable securities in their vaults, which were undisturbed by the fire. Millions to Back Bank. The first named of these banks had In trust in its care enormous sums. It was reported when business opened today that this bank had back of it $13,000,000 in bonds and securities, coin. In its list of gilt-edged lions United in States together $10,000,000 of depositors the with working In other mil- are included a great number Most of these recent great hour they began to up doors. By 9 the all early classes. in bank the o'clock people fire, line and the lost the before at police their lines an were over a block long, and were summoned to maintain order and be prepared for any possible emergency, Was No Disorder. Their duties, however, consisted of little more than keeping the patient men and women in line. There was no disorder and not an anxious face in the long line. Features were stamped with expectancy rather than worry, for confidence in the banks ability to pay in full was questioned by no one The early lining-up simply meant that workmen needed their small savings at this juncture and took the first opportunity to obtain them. Flag of Freedom Floats. Over the shattered bank building an flag floated in the sunshine, and doors swung open line was of It was feet the American when click in the the long gold. accompanied music the shuffle to the these ac- by of men and women, who once feared cumulations of a lifetime had been swept away. The banks paid without limit.

11. May 25, 1906 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, May 25, 1906

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SAN FRANCISCO BANKS OPEN Never in City's History was There So Much Money on Hand THERE WAS NO SIGN OF PANIC For Days Money Has Been Pouring Into the City and the Total Several Days Ago was More Than $30,000.000-All the Banks Paid Depositors in Full and Many of Them Carried On An Almost Normal Buisness. San Francisco, May 23.-Practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public today. There was no sign of a run. Never in the history of San Francisco was there so much bank money on hand. For the past week money has been pouring into the local financial institutions from all parts of the world. The total to date has not been computed, but several days ago it exceeded $30,000,000. When the savings bank opened this morning they by no means had to depend upon money received from outside sources. Institutions like the Hibernian, the Humboldt and the Mutual had millions in coin and valuable securties in their vaults which were undisturbed by the fire. The Hibernia, it was reported, had $15,000,000 in United States bonds, and $10,000,000 in other gilt-edged securities, together with millions in coin. Among its depositors are many workingmen and women Most of them lost their all in the fire, and at an early hour they began to line up before the bank's doors. By 9 o'clock the lines were over a block long, and the police were summoned to maintain order. Their duties, however, consisted of little more than keeping the patient men and women in line. The bank paid without limit to all. The Mutual opened in its own building, which had been badly damaged. The bank officials said they had over $2,000,000 on hand, and they met all demands promptly and without limit. At the Union Safe Deposit and Trust Company's bank, both commercial and savings, everything proceeded with a degree of order and quiet, remote from even a suggestion of panic. The Humboldt Bank, in its temporary quarters, carried on an almost normal business The fact that all of the banks did not reopen was due to a dearth of quarters. Now that normal conditions have been about restored the clearing house bank in the mint has been practically closed. Washington, May 23.-A telegram was received at the treasury departmen't today from Deputy United States Treasurer Bantz, who went to San Francisco some time ago to assist in re-establishing the sub-treasury at tha place, stating that the vaults of the old sub-treasury had been opened and that all the funds and papers had been found intact.

12. May 30, 1906 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, May 30, 1906

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ALL FRISCO BANKS ARE OPEN AGAIN Millions in Sight and No Limit on Demands. THE MUSICAL CLICK OF GOLD. Payments Resumed by the Banks of the Destroyed City-Long Lines Wait for Their Money In Orderly Fashion, Belog Confident of the Solvency of the Different Institutions. San Francisco (Special).-Practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public Wednesday. no of a run. Never in of San Francisco was the There history was sign there so much bank money on hand. For the past week money has been pouring into the local financial institutions from all parts of the world. Superintendent Leach, of the United States Mint, has received many large transfers from Eastern and European centers. The total to date has not been computed, but several days ago it exceeeded $30,000,000. The last transfer consisted mostly of large sums for the savings banks. When their doors opened Wednesday morning, however, they by no means had to depend upon money received from outside sources. Institutions like the Hibernia, the Humboldt and the Mutual had millions in coin and valuable securities in their vaults which were undisturbed by the fire. The Hibernia, it was reported, had $15,000,000 in United States bonds and $10,000,000 in other gilt-edged securities, together with millions in coin. Among its depositors are many workingmen and women. Most of them lost their all in the fire, and at an early hour they began to line up before the bank's doors. By 9 o'clock the lines were over a Block long, and the police were summoned to maintain order. Their duties, however. consisted of little more than keeping the patient men and women in line. Features were stamped with expectancy rather than with worry, for confidence in the bank's ability to pay in full was not questioned Over the shattered bank building an American flag floated in the sunshine, and when the doors swung open the shuffle of feet in the long line was accompanied by the click of gold. It was music to these men and women, who once feared the accumulations of a lifetime had been swept away. The bank paid without limit. The Mutual opened in its own building, which had been badly damaged, but a few remaining counters and the undamaged vaults made the necessary repairs no great task. The bank officials said they had over $2,000,000 on hand, and they met all demands promptly and without limit. Cashier Storey, of the Mutual, said that the bank had but $2,400,000 in loans in the burnt district, and that $1.250,000 of this was covered by good insurance. At the Union Safe Deposit and Trust Company's banks, both commercial and savings, everything proceeded with a degree of order and quiet remote from even a suggestion of panic. The Humboldt Bank in its temporary quarters carried on an almost norma e business. Cashier Palmer said that only about 30 per cent. of the bank's losses were in the burnt district, and that it is the intention to turn over insurance monthe borrowers to eys to aid rebuilding projects. The fact that all of the banks did not reopen was due to a dearth of quar, ters. Those institutions which had parts of their old sites remaining had the advantage. Now that normal conditions have been about restored, the clearing-house bank in the Mint has been practically closed.