The times. [volume] (Richmond, Va.) 1890-1903, 1891-03-01
Run ON 4 BfBY BINK.
Lilliputlan Depositors Afraid OF the County
Savings Bank.
iThiladelphia Times

philadelphia ines
The run Of the school children in the vicin-
ity Of Eighth and cambridge streets on the
County Savings Bank continued yesterday,
but no serious results to the other financial
institutions of the city are feared, as the
amount due each dcpositor IN the County
Bank does not run into the thousands.
IN fact. the manager said Yesterday That the
majority of the deposits ranged tom one
cent up to fifty. He could also recall one de-
post of sli. which the owner had given
notice that he wished h. withdraw.
As the rules of the bank require two weeks
notice Of withdrawal II Is hoped that before
THAI time the officers viii have converted tier
Government bonds and other securities into
ready cash and be able 10 pay of the several
hundred school children who have placed
their all in the care of the bank.
The manager of the branch at Eighth and
Bainbridge streets the central Office beng
located at 1892 Ridge avenue, with other
branches at 2jjl kenslngton avenue. Nine
teenth and Susquchanna avenue and 1921 Lam
caster avenue Samuel j. Lynch. took upon
himself the responsibility of paving oil the
smaller depositors yesterday without the re-
quired two weeks notice.
BABY BANK ACCOUNTS.
II wee tot of four. six or seven years came
n and demanded his two three OF five cents,
it was paid him after be had stood in a chair
and signed his name or made his mark IN the
book IT, however the anxious depositor was
unlucky enough 20 have placed twenty. thirty
or forty cents in the bank he was solemuly
told TO call in two weeks and the printed rules
shown him.
If he protested. pointing TO she fact that his
chum had been allowed to draw his smaller
amount. and with tears IN his eyes, begged %
be permitted 10 do the same. he was quietly
ushered 10 the door and another took his
place before the counter, only 10 have the
story repeated.
one OF the rules Of this financial institution
j. that should a depositor withdraw before
his or her deposit reached the sum OF htty
cents. five cents Is 90 be- deducted one little
one Yesterday had saved mp All her pennies
lately instead of spending them for candy.
They had been carefully deposited IN the
bank. and the enormous sum Of SIX cents hld
been reached.
When the little one presented her book for
payment she was not met with the customary
we must have two weeks notice remark.
but the balance of one cent-the five cents
penalty having been deducted-was paid over
with all the ceremony Of a national bank.
The little one looked at the cent. then AT
the cashier and back AZ the cent. with wonder
EXPRESSED in her eyes, and IN a voice choking
with tears. she said she had put in SIX cents
and wanted it all The cashier Informed her
of the rule aud the little one went home heart
broken The small boy OF the tougher ele
ment was not however. 50 easily gotten nd
o.
One Of them. when informed of the two
weeks clause. wouldn't have 1t that way. and
announced his intention Of remaining there
until ne gotit. The cashier sent messenger
in haste 10 the Nineteenth district police sta
tion and demanded assistance. Surprising a
riot had taken place two burly policemen
came rushing 20 the scene and asked what
the trouble was.
VERY PRECIOUS DEPOsWoR.
The small boy was pointed out, and with
the assistance of the Office boy the policemen
succeeded in showing him the door He went
ont muttering threats Of Vengeance, saying:
IF don't get dat money I'll smash one of
desc Windows There was quite a crowd Of
juveniles around the door and clinging 10 the
window gratings. awaiting their turn 70 get
inside-only three or four being allowed IN al
a time The officers succeeded finally IN
dispensing the chatterng youngsters and
peace once more prevailed.
Manager Lynch said that the run on the
bank WAS due TO some lies told by the chil-
dren that their depository was financially en-
baTrassed. The story spread rapidly among
the 500 school children IN the neighhOrhoOd.
and there was grand rush made 10y them for
their books and back 10 the bank for their
savings. Nh Lynch assured the Times re-
porter that there was not the least doubt in
The world that the institution was fully able
10 pay dollar for dollar, or more correctly
speaking. cent for cent.
While there is no doubt that the bank will
be successful in withstanding the run made
upon it. il Is also sure that the children 10
great extent have lost their confidence III the
institution, and many a penny that would
have heretofore been placed within its vaults
VIII now be spent for candy. This Is proba
blv the worst feature OF the whole affair, rs
he children stop saving their pennies.
The plan on which the business Of the bank
is conducted is that when a deposit is made a
stamp bearing the name of the institution
and The amount deposited is pasted IN the
handbook instI I'd Of an entry being made IL
it.