TRICKS OF THE BANKERS.

Oamaru Mail, Volume XXXVI, Issue 10066, 6 February 1909, Page 3 (Supplement)

TRICKS OF THE BANKERS.

Of all devices resorted to by bankers; to gain time and inspire confidence .during runs on their institutions, there has never, perhaps, been a more, novel scheme than that conceived ia an American city. Ihe depositors, were astonished to hnd that th-y could enter, the bank only at the cost of spoiled garments, as the astute president had caused the doorposts to be freshly painted.; ... \n English bank once, prevented a crisis in its affairs bv exhibiting m the windows larce tubs apparently brimful ot sovereigns". Thes« tubs, • however, were simply- turned upside down, only a small quantity of gold being piled on their bottoms. , . -- \n ingenious device was resorted to in Buenos Avresj - There was a run on a larse bank", and for several days, depositors besieged the premises, withdrawing monev and placing it in another bank on the opposite side of the street. It so happened, however, that these two institutions had reached a private understanding: so'fast as the safe bank received the deposits they were, returned to tht" unsafe-one bv au underground passage, with the result that everyone marvelled at its continued ability to meet its obligations. _^l_