" But Height pooh-poohed me,
and I left. Folsom followed me out, told me he could not afford to
imperil all he had, and asked my advice. I explained to him that
my partner Nisbet had been educated and trained in that very house
of Page, Bacon & Co.; that we kept our books exactly as they did;
that every day the ledger was written up, so that from it one could
see exactly how much actual money was due the depositors and
certificates; and then by counting the money in the vault,
estimating the bullion on hand, which, though not actual money,
could easily be converted into coin, and supplementing these
amounts by "bills receivable," they ought to arrive at an
approximate-result. After Folsom had left me, John Parrott also
stopped and talked with me to the same effect. Next morning I
looked out for the notice, but no such notice appeared in the
morning papers, and I afterward learned that, on Parrott and Folsom
demanding an actual count of the money in the vault, Haight angrily
refused unless they would accept his word for it, when one after
the other declined to sign his paper.
The run on Page, Bacon & Co. therefore continued throughout the
21st, and I expected all day to get an invitation to close our bank
for the next day, February 22, which we could have made a holiday
by concerted action; but each banker waited for Page, Bacon & Co.
Pages:
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238