The state chronicle., 1893-06-06
DEPOSITORS FRIGHTENED.
RUNS ON BANKS In CHICAGO
YESTERDAY.
A Panicky Feeling Prevails, and De-
positors Get Observation-Disclosures Ranks
and Other establishments Elsewhere
Compelled to Close Doors.
By Southern Associated Press.

on the ground floor of the Womans
Christian Temperance temple, ex-
perienced a heavy run this after
noon. It started jast before noon
with the appearance Of some thirty
Or forty depositors. The news
spread like wildfre, and within
half an hour the lobbies were filed
with an excited crowd of men and
women who tore and crushed in Or
der to get within me glass doors.
The scene attracted over thous-
and Of the general public, and the
throng increased to such propor-
ton, that it was necessary to sum
mon several police, who admitted
the frenzied crowd one by one as
fast as those at the head of the line
received their money. At half
past twelve an iron barred express
wagon containing several bags of
gold was hurriedly driven up to
the building and the money carried
in by the stalwart watch
man and placed upon the counter.
This, however, did not allay the ap-
prehensions of those outside. For
a while the crush was intensified.
The bank officials did not seem to
be in the least alarmed. The off,
GERS and directors of the bank are
all wealthy Germans. Herman Eel.
senthal is president, and Jacob
Gross vice-president. It has a cap
ital of half million dollars. It's
last report made to the State audi
tor, May 10th, showed deposits of
one million two hundred thou
sand dollars. The appearance
of the crowd during the run
indicated that the depositors were
largely people of small or limited
means. Fully 20 per cent were wo-
men. A run was also started on a
dime savings bank 1O4 Washington
street this afternoon. This institu-
ton has deposits aggregating $780,
900, and among its directors are
Col. Robert G. Clowry, vice-presi-
dent of the Western Union Tele-
graph Company, and ex x-senator G.
3. Farwell. President Bailey, of the
bank, says he has dollar and half
for every dollar deposited, but the
greater part of the money is tied ur
in securities, He does not know
how long the bank can stand the
run, but expects to pull through al
right. The bank has capital stock
of $1OO,OOO,snd surplus of $50, 900
There was run on the Hiberniar
Bank, one of the largest savings in
stitutions in the country. Deposi
tors were pa l off at re- oof tire; ti1
mn minute -daposits amount ts
three and one-half million, and the
| officers Of the bank believe they
can stand the run.
A run on the Prairie State Sav
ings Bank which started Saturday
was resumed this morning. TIL,
officers are confident, however, tha
they have ample means available t.
meet all demands from the deposi
tors. The banks business is prac
tically confined to the west side.
New YORK, June 5.s-The shoe ant
leather National Bank gave motto,
that it will not clear for the Cana
Street Bank after tomorrow. Thi
will make it necessary for the Cana
Street Bank to go into liquidation
Its deposits are about $45O,OOO
Notice was only sent out late thi
afternoon. It was not the regula
notice but merely warning to 9th
er banks not to take any checks o.
the Canal Street bank, and that reg
ular notice that the Shoe and Leath
er bank will cease to act as their re
demption agent for the Canal Stree
bank would be sent out later in tn
day. The Canal Street bank ha
been hard up for money for som
days and the decision of the Sho
and Leather bank not to clear fo
it any longer was only reached thi
afternoon. The President of tn
Canal Street bank is Antonio Ra
sircs. This morning he told re
porter that the bank was solven
but if he could not get temporar
assistance it would have to go int,
liquidation.
| MILWAUKEE, June 5-Runs wer
started today on the Secon
Ward Bank and the South Sid
Savings Bank, but neither of the1
assumed very serious proportion.
The failure of F. T. Day, of th
Plankinton Bank, seems to hav
increased the nervous fears of th
small depositors. Business men ar
not in the least alarmed at the sit
uation, and predict that the furr
will end in day or two unless it
aggravated by more failures.
| SANDUsKY, Ohio, June 9Th
doors of the Sandusky savings ban
which closed Saturday night upo
what was generally supposed to b
one Of the soundest and safest in
stitutions of the city, were not oper
ed this morning, but displayed tn
| following announcement: "Owin
to inability to realize upon aSel
at this time this bank has been cor
PEELED to assign. All deposition
will be paid in full.