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Updated: May 1, 2025


It means that the temper of your depositors will be such that you're liable to be lynched, when they learn that you might have kept the bank open and did not. Think twice, Mr. Wentz." "God, but you're cold-blooded!" He groped for the chair and sat down. "You pay me a compliment," she answered, mockingly. "I take it you consent?" He muttered sullenly: "There's nothin' else. Yes."

Counsel suggested that it was never intended by those who placed the coins where they were found that they should remain there till the end of time; they were intended, said he, to be taken away by somebody, but by whom was not indicated by the depositors, and as no time or person was mentioned, they must belong to the first finder. It was all a mere chance as to the time of their resurrection.

Our customers are asked to maintain balances of certain proportions. If they wish to borrow money, they must deposit collateral. They must repay loans when they mature; or arrange for their extension. If a bank errs, it must err on the side of safety, for the money it loans is not its own money but the money of its depositors. The least we can do, then, is to serve them courteously.

Sally Singer can't afford to offend any one but the depositors in the Payley Bank, and if DeLancey caused any Homeburger to stalk down to his father's bank and extract a thousand-dollar savings deposit, old man Payley would thrash DeLancey and set him to work on his farm. They have to show their superiority over us so deftly and pleasantly that we don't mind it.

I don't understand these matters very well, but from Fyne's narrative it seemed as if the creditors or the depositors, or the competent authorities, had got hold in the twinkling of an eye of everything de Barral possessed in the world, down to his watch and chain, the money in his trousers' pocket, his spare suits of clothes, and I suppose the cameo pin out of his black satin cravat. Everything!

For the first eight years of the existence of the late Bank of the United States its circulation barely exceeded $4,000,000, and for five of its most prosperous years it was about equal to $16,000,000; furthermore, the authority given to receive private deposits to a limited amount and to issue certificates in such sums as may be called for by the depositors may so far fill up the channels of circulation as greatly to diminish the necessity of any considerable issue of Treasury notes.

Though depositors were still drawing out their money, the scene outside was very different from that which he had witnessed earlier in the day. Keith asked for Mr. Wentworth, and was shown to his room. When Keith entered, Norman was sitting at his desk figuring busily. Keith closed the door behind him and waited.

To make assurance doubly sure, the "Christian soldier of the United States army" was especially selected to keep the money, and he did so securely, in point of fact, that it is to be apprehended the unfortunate depositors will never see it more. After so brilliant an experience in banking, prudence might have suggested to this officer the wisdom of retiring from public view.

"As to you, Bernard," he said, "you will run to M. de Thaller's, and advise him of what's going on. Let him have funds ready; for all our depositors will want to draw out their money at once. You will then call at the printing-office: have my article on the Mutual Credit kept out, and insert in its place some financial news cut out from other papers.

"They both have an account with the Phœnix National Bank, but it is their intention to close out that account and transfer the money to this bank." "We'll be very pleased to have Mr. Mulloy and Mr. Gallup as depositors," bowed the cashier. "They will each give you a check on the Phœnix Bank," said Frank. "I'll indorse those checks, if that will make it satisfactory to you, sir."

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