oct 28, 1907 - "BANKERS CONFIDENT OF SITUATION TO-DAY"
NY Times 1907, Oct 28
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NY Times 1907, Oct 28 - BANKERS CONFIDENT OF SITUATION TO-DAY
Trust Companies to Pay by Check, Thus Lessening Tendency to Runs.
ALL VIEWS ARE OPTIMISTIC
Some State Banks Preparing to Reopen — Have Applied to Superintendent Williams.
Morgan tried to bolster public confidence by employing a less conventional measure. He exhorted the city's clergy to preach sermons urging calm and forbearance. "From
pulpits throughout the city," reported the Times (October 28), "words of advice were delivered,
and calmness and confidence urged upon all."
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