Of course, we all knew the consequences, and that every other bank in San Francisco would be tried.

During the 22d we all kept open, and watched our depositors closely; but the day was generally observed by the people as a holiday, and the firemen paraded the streets of San Francisco in unusual strength.

But, on writing up our books 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.