The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-24
DRAWING OUT THEIR MONEY
THE UNION DIME SITINGs BtNK BE
SfEGED BY DEPOSITORS.

SIEGED BY DEPOSITORS.
The siNty-Dny Rule Enforccd on nil Sums Of
over Onc Hundred Dollars The EInnh's
Onicers Confidently 4 nirmiDg Ets soundness
Before 10 o'clock yesterday morning II con-
sidcrablc number Of dopositors gathered on tho
sidewalk in front Of the Union Dime Savings
Bank Thoy waited impatcnty for the groat
front doors of the marble cditlcc to open. and
compared with each othcr the reports that had
boon published Of rumors in circulation as to
tho banks soundnoss. While u muiority "
those who awaited tho opening OF the bank
were evidently bent on closing their accounts.
there were not hacking few. invariably men.
who spoke confidently Of the trustworthin"ss
Of the institution. and exhibited bank notes
they intended to deposit
Shortly after tho doors had been oponod the
space allotted to the public in the banking oflco
was filled. and it was kept full all day. Double
lines were formed on the womcn's side first
but before noon there were ns many men "a
women. and the room was soon 50 much crowd
ed that the lines became ndistinguishablc
Every class and kind and color was represented
in the three hundred persons. whose number
| did not decrease. although the individuals who
were served gave place instantly TO new comcrs
| The majority. however. were Of the poorer class
-workingmcn and boys. in working clothes.
| inN Dnillu S'lNhHNNs u'Nsi NlllNb anu 'pl'l'h.
Two Clerks ono at each window. disbursed
the money called for. hut payments were made
slowly. and those who left the bank wcrc few
compared to those who came eand those who had
! lecn waiting during the morning I'm the after
noon. before oclO X. moving groups OF idlcrs
assembled ON the sidewalks near the bank.
The groator number who were served during
the day drrw out every cent on deposit in thoir
names: but these were usually small sums.
thirty or nity or n hundred dollars When
larger sum was drawn news " it travelled
through the room and out into the street. one
man who had drawn 800 was questioned 10y
every one around him in the lines. He relieved
% hundred over anxious persons by explaining
that he had several thousands On deposit but
| was obliged To iraw the sum he had drawn Tor
As IN" run increased. the banks officers con-
fcrrcd together qnd before noon the following
| notice wa- posted up;
| : he b'l.~ig..s' NJ iailf b'1r Si,hg. fain.l'T
a.uen o %, ru.on nnlc saving, INSTITUTION lii pcr
tnc act us' ucre are not sufficient hans no,srs on
wilIAS } Rrsr
This notice had differing results upon those
in line who read 1t. and those OUTSIDE who heard
and wont ONT Of the bnilding Eui oGisiio he
rumor ran that payment was stopped. and this
bank said i was Mr.. B'st'- belief that all inter,
ISIS NnhiA h' 'f'-i N'''ts hiN NIi' t'i N''hl
bee. PERHAPS stopped. by tiiS menns IL" posted
another notice al noon. as follows.
y N-rnc sum u,, may he drawn on ismsni !. hcre
Neni a fnn lnc @ @I'l.r,', r'sa'%ains % 'hs nAmS werc
sai 'i .ead ~ u i.rcsSrca % " icpoic. N feor, to
teen days Meantime dcpo,tor. will consult their own
Interests by returning to their home. and .my9,ments
Special Examiner Bank Department
Again few persons at the ends Of the lines
near - the doors dropped Of. but the unfavor.
ullp i'm urUS-lDn without ~trrnstl mod. and
more came for money than went away.
Am9ns tnu many callers ~ NE Dank w,re
the concern. One Of these. whose family COM
hned nave nv -'en tno4Ssnl pI H,i"u7 i & de-
posted III the hunk; assured l'r.Hll"nt iihhes
that not uue cent oi II would b" Wihdta"n.
even If the run should continue. \ lse prom
Is" wis made hy "a man WHO hai s'"p On
d,lmst. a.. ,a. ,,., n.,. ,..,..,,
during mo day nNput thr" nnhur'N lAy
menl- w,rr mac anu a icw noun H,,.ns ~rrr
ihen hgnarod dol, doqrs sa The bank was closed
nA' 'llhf -, ni'i'S 80 @ @in" ,l w -.
Bank Dcmrtmrni AT Albany. ieltsraphvd IL
this city tho following;
ON account of reports unfavorAtie In The Union Dime
savings Baus Dag, etd Wi.Nem Bet tour weeks a-o
g. eA"mnr ."i hamk fN " 10 10 a., A. m I,",m &
~, q. % NJ, "o,n & un, '' % s", & 'n al" VA, WIZ
srs wse, e,'ry o,, Win hesys In We Il,
reported surplus Anything which may excite AMI alarm
icpo-iior' viii apparently onis prrc them.
MN @ i@9t be was ismrprisci nid ann"yc he.
vnni measure by tho publicity given 10 tho
rumors affecting the bank. Tho clerks who
knew Of the Investigation By him. were under
: promise not To d.vulgc what occurred until after
! ~. .xun,iuntinn am positiNen - n,. con.
49,, -, 49,, ,a ,,,,,, ,,,., Il. .iti.
tn"..u, tl"' II n'" .'. -. ~. ~ . m m'ti'
I | ior the rpreahlhg OF inc heWS' ~ must hnNr
leaked out through some one WHO ~ th!luuEl} ~
convrrsant with the affairs Of the bank" Mr..
! R.st declined to eXprrSs his ONn opinion: that
%Is5 los % e Ss: X ss@
, ! nothing IT, Justify uneasiness as to tho sovencS
b | Of the bank. There has been moro or less mis-.
| understanding in the Board Of Trustees for
.,,,., ti,pu un1 ia this ara frnenuhl thn
i .', 49, ,,., ,,,,,.' -, ,i,,, ,,n, A., IL. ,s,,lli,
, lnih nav" from llh' 70 ilhh' EuH' '' 'i' puNli'
| am trying now 70 discover thr origin ol tll,
shail lind il. and when have done 40 III apply
"A ran1.i y that IA tilf nm nnl TO il "
~ A.. ii iiut t,fl M. trt,u.n..tf,na ia,
| bank during IN" past ten Years lihN" h""n Nor