July 31 Monday – Frederick J. Hall wrote to Sam that “the crisis has come and I hope that we have successfully passed it.” The Mount Morris Bank “met with some very heavy losses through one or two large failures and for that reason had to call in their discounts. They refuse to renew our discounts and even Mr. Whitford’s influence was useless.” Charles J. Langdon “agreed to take up the two notes of $3,000.000 each, due August 6th and August 11th, and also to endorse notes to the extent of $15,000, provided the bank agrees to renew them” [MTLTP 360n1].