The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-05-15
TIE ExUIfED TlIRONG
Tint Crowded Around the Metropolis
Bank when tho Doors ClOsetl,

Tint Crowded Around the metropolitan
| Bank when tho Doors Closed.
Ngw YoRK, May 1.-THE Posi- says
twenty minutes after eleven o'clock lon
line Of men and boys stood in front Of til
paying toller's window In the metropolitan
Bank, at Broadway and Pine streets, Q
which GsogcI. seney Is President. Ever
peraon in line held one or more checks |,
be certified, alarming rumors as 10 failure
in every direction having made unccrtGe,
checks OF no value no matter by whom
signed. Just at that moment the payin,
teller shut bis. window with bang, ant
announced that the Metropolitan Bani
would suspend payment as a. matter O
necessity and precaution. A howl OF dia
may went up from the line OF men, and 6
break wss nude for the door where anum
bor ol depositors were met hurrying in to ge,
denial OF tho rumored suspension. In lcss
than i've minutes the iron doois were shu,
and policemen arrived 10 stand guard on
the steps.
The frat story told to large depositors
who arrived breathle5s and indignant was
that the suspension was ordered by Seney
in order to prevent run for which the
bank might not be prepared. II was said
by Mr.. Seney that II matters quieted down
after noon the bank might open in time
for SOME business TO DO done to-day. The
promise was accepted by tho group OF de.
positors as OF small comfort and alter 12
o'clock a crowd OF nearly one hundred per-
SONS gathered in front Of the bank and be.
walled the prospective loss Of their depos.
its. Two women who had drafts upon the
bank were in tears upon the bottom step.
Among the depositors who appeared to
know anything about the suspension it
was said that tho immediate cause was tho
demand for moro than half million by
the Clearing House to make COED Ills ac.
counts.
The railroad epeculationa OF President
seney arc generally supposed to be the
real cause OF the suspension. AIr. Seney is
Pfeeident OF the East Tennessee & Virginia
railroad, the stock OF which ia selling to-day
at live for common and nine for preferred
Large blocks Of this stock was bought lees
than year ago it is supposed for account
Of Ssuey, at II or IL for common and "a
for preferred. The stock has been sinking
ever since, notwitts andipg the constant
support from what is known aa the Seney
syndicate. The Ohio Central is supposed
to be another o! Ssney's iayorite stocks,
upon which large suns were lost in Gus.
tanning the stocks. The frat rumors OF
Seneys difficulties came soon alter the
announcement Of the failure OF Nelson
Robinson. AS Robinson il son-in.law OF
Seney, and one Of Ssney's SONS is men,
Der Of the firm OF Nelaon Robinson l. Co.,
it ia supposed that Seney would not have
allowed the firm to go under had he not
been badly crippled himself.
At the Office Of Nelson, Robinson x Co.,
Nelson Robinson eaid the failure Tas 90.
casioned by calls for money from all quar-
ters, which will not be Immediately met,
by the general ahrnkags Of securities, the
disturbed condition Of tho times, and the
circulation OF disquietipg rumors. He was
unable to furnish statement OF liabilities
and assets. Most OF their loaEs will be pro-
teCted il the holders did not lose their
heads aud want to get their money in q