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William Tecumseh Sherman, Memoirs of General William T. Sherman . 2 0 Browse Search
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William Tecumseh Sherman, Memoirs of General William T. Sherman ., volume 1, Chapter 4: California. 1855-1857. (search)
ousand 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. In going down to the bank that morning, I found Mont