San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1890-12-20
A HEAVY RUN
ON THE MAVERICK BANK.

the history of San Antonio, both In its
financial and general history. 1t
chronicles the greatest as we'll as the
first panic San Antonio has ever ex-
perienced. The panic has been felt
in every channel of business, al
though at this writing the feeling is
| easier and confidence is restor-
ed. The financial status of the
city and its citizens is now
safe and beyond reproach. The
first to cause the unsteady feeling was
the run on the Maverick bank, known
as the Workingmen's Safe Deposit
bank, and this commenced early. By
noon several thousands of men and
women had surged in and out the
bank, drawing their little and big de-
posits as fast as the paying. teller
could pass the money over the coun-
ter. In truth the run began yesterday
afternoon, q great many depositors
coming i'm and quietly drawing their
accounts and saying nothing about it.
| The rumor that the benk was unsafe
has been going about the city for sew
| eral days, and yesterday afternoon
was industriously circulated on Gov
eminent Hill. 1t spread to the city
and quite q number heard it last
night and some depositors even
| remained on the street all night in
order to be the first ones to appear at
the window when the bank opened
this morning.
The run began as soon as the bank
opened, and in one hour after, the
scene was one that beggars descrip-
ton. Men were fighting to get In
front of each other, with checks in
their hands, and weak
woman found herself weaker,
than ever, as she scramoied
and pushed to maintain her place in
the crowd anxious to withdraw their
| funds. Inside the bank Mr.. Sam
Maverick, the president, was seen
with his assistants all worried and
| yet working hard. The scene chang
| ed very soon, however, when MIR.
| Mavericks friends and heavy de-
positors came to the rescue. Messrs.
Hugo & Schneider, Gen Russ, Rafael
Diaz, 3. F. YOakum and others had
| to fight their way through the crowd
| in order to place heavy deposits, and
| the other banks of the city, also
promptly cashed all drafts in order
that depositors could aid Mr.. Maver
| lex BY III O'Clock it Is estimated the
bank had received from SIZE, 900 TO
| Sl5O, 600 in cash deposits, and were
more than able to meet all demands.
In conversation with LIGHT
reporter, Mr.. Maverick said: II have
| known this was coming and was ready
| to meet it. There has been q COM
biuation against me to ruin me for
| more than q month. but have been
warned of it. I am fully able and can
| pay all demands made on me-"
! A gentleman fully posted on the
question informed reporter that
| combine had been made in order to
make the Maverick depositors with
| draw.
Another report as to the cause of
| the sudden run was that IL emanated
| from an enemy who was circulating
| damaging reports as to Mr.. MAYER
| ick's credit for motives of revenge.
The matter will be sifted to the bot
tom and 1t is safe to say, the offender,
| when found will be severely dealt
| with. The Maverick family, of which
| Mr.. Sam Maverick is a member, l g
one of the oldest and wealthiest in the
| city or even in the state.
| Their financial and social con-
| nections are of the strongest. Not
only did Mr.. Mavericks brothers
come to his assistance, but Banker
Frost, his brother-in-lsw, Harry Ter
| rell, Messrs. Schramm, Meerscheidt,
| Russ, Kuehler and others, stood up
| for and backed him for all they had
and greatly assisted in calming the
| excited crowd.
NOTES.
| One depositor sold $500 account at
q discount Of per cent. to q merchant
on the sidewalk.
| Another excited deposltor sold an
account OF 500 for 60 cents on the dol.
lar.
| DepositOrs had to climb in at the
windows in order to deposit their
money.
A deposit of $4,000 came in on a
| wagon.
Another deposit of 5000 was
brought in from the City brewery by
Mr. Koehler.
Harry Terrell put in 5000 10 one
bundle.
Messrs. Hugo & Schmeltzer put
| their entire account, and it went up
into the 100000, in Mr.. Mavericks
charge.
Reporters had to climb In by the
window, the crowd helping to boost
in order to get some information.
Every time big deposit of silver
and gold came in, the crowd cheered.
One small merchant grew very ex-
cited aud said If he did not get his
money he would be com
PEELED to make an assign