Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1885-01-27
THE Rim ON THE BANK

Evidently Diminishing i'm Force
pect that 1t VIII Soon Terminate
People Quieting Down.
The run on the New Haven Savings bank
continued yesterday, but the indications We're
that the run had well nigh spent its force and
was nearing its termination. Depositors in
line looked less anxious than their predeces-
sors of the preceding day of the run, and
were easily rallied into good humored laugh.
Some in the line fell out and went home after
waiting while. There were about 80 in line
at o'clock yesterday. The number was con-
siderably larger about noon. Concerning the
same gentleman said yesterday: ''People
disposed to be out of patience with the run
should recollect that after all the poor people
in line for their deposits are actuated by no
malicious spirit, but simply are frightened at
the bare thought of losing their hard earned
savings" The display of about 100000 in
packages of bills in the window of the bank
had reassuring effect. Also not a few de-
positors were Gained down through the advice
of friends and were restrained from going af-
ter their deposits. All assurances were lost,
however, on not few, and all the wealth of
the Indies, or of Ophir, displayed before
their eyes would probably not have deferred
them from getting their passbooks over the
banks counters. The great mass of de-
positors of the bank are, however, not very
anxious and are as satisfied with the bank as
if it was the Bank of England or Uncle
Samuels treasury vaults. A prominent
gentleman said: cit seems a pity that the
bank should be put to such unnecessary
trouble when it is as good as wheat. :"
The bank closed at the regular
hour, o'clock, yesterday, the severe
strain and work consequent upon the run
rendering this plan advisable A sign placed
on the bank door announced the bank hours
as from to 3. Much extra clerical work is
caused by the run which has to be done after
the bank closes in order to get ready for the
next days work. About 800, 900 more was
paid out yesterday to about 300 depositors.
1t was frequently remar ked that ''when the
run is over the depositors will want safe
place to put their money in again and what
better place can they find than where they
have taken it out?' Of interest on this sub
ject of the run is the following from the
Hartford Courant:
The managers of the New Haven Savings bank
that it would be well for them to recognize The
people who at the mere report of a rum turn to
keep it out. They should be taught that their
course was Just the course injIlre bank and
learn that their accounts not wanted any more
And if it be that the banks must take their deposits
if offered, they should accept only the minimum
amount and should rigidy refuse to allow the in
terest which forfeited by withdrawal. This
should be done matter of self-reSpect and as a
piece OF conservative management. so that the de-
positors should have it impressed upon them that
they cannot play fast and loose this way with the
of the bank and not pay for it.
The crowd viewing the scene yesterday
was much thinned out and the police squad,
under charge of Sergeant Bishop, kept people
moving so as not to have the walk obstruct-
ed. Officer Woodruff's tall form was at the
bank entrance preserving regularity there.
The trustees of the bank were in service at
the bank most of the time.
Yesterday forenoon a body of bank Off
Gals waited upon Treasurer Tuttle of the
savings bank and rendered their aid and
1t was frequently remarked
about town that the statement of the bank
published yesterday in the COURIER and
other papers showed, as anyone could see
who is at all conversant with such matters, |
as fine a line of securities one could ask |
for. General E. S. Greeley speaking of the |
said it was enough to satisfy any
one, and he said the bank could have SOC, 900 |
rom him as his mite if they wanted it. AS |
aid another prominent man, 1.-The moral |
received by the bank from all the |
pest financial and business sources in the |
ity is, no doubt, gratifying to them and well
deserved"