that night, we found that our deposit account had diminished about
sixty-five thousand dollars. Still, there was no run on us, or any
other of the banks, that day; yet, observing little knots of men on
the street, discussing the state of the banks generally, and
overhearing Haight's expression quoted, that, in case of the
failure of Page, Bacon & Co., "all the other banks would break," I
deemed it prudent to make ready. For some days we had refused all
loans and renewals, and we tried, without, success, some of our
call-loans; but, like Hotspur's spirits, they would not come.

Our financial condition on that day (February 22, 1855) was: Due
depositors and demand certificates, five hundred and twenty
thousand dollars; to meet which, we had in the vault: coin, three
hundred and eighty thousand dollars; bullion, seventy-five thousand
dollars; and bills receivable, about six hundred thousand dollars.
Of these, at least one hundred thousand dollars were on demand,
with stock collaterals. Therefore, for the extent of our business,
we were stronger than the Bank of England, or any bank in New York
City.

Before daylight next morning, our door-bell was rung, and I was
called down-stairs by E. Casserly, Esq. (an eminent lawyer of the
day, since United States Senator), who informed me he had just come
up from the office of Adams & Co., to tell me that their affairs
were in such condition that they would not open that morning at
all; and that this, added to the suspension of Page, Bacon & Co.,
announced the day before, would surely cause a general run on all
the banks. I informed him that I expected as much, and was
prepared for it.