The Washington times., 1902-01-04
TO COMPLETE
WORK PLANNED.
Decision Of the Everett
Moore Committee.
ATTEMPTED RUN ON DlME BANK.
Cleveland Savings IU@titution Takes
Advantage cf si.ty-Dny Rule
business in the R".'u,ar Depart
rlent Goes on as VsGaI-.ccoUnts
Opened 20 show Confidence.

CLEVELAND. Ohio. Jan. $.-The COM
mittee in charge Of the Everett Moore
Syndeate's property spent the day in
conference with creditors of the syEdi-
cate. II is the intention Of the commit
tee TO carry en- the properties Of the syn
dicate on the lines planned by Everett
and Moore.
The committee thinks it will require
eighteen months to settle the syndicate
affairs. and all creditors will be paid ev-
cry dollar due them. Cleveland people
have accepted the situation. and antici-
pate tight money for scme time to come.
40 Harsh Feelings.
The best of feeling exists here toward
the syndicate managers. ana they have the
sympathy of everybody in their misfor-
tune. When people who have savings ac-
counts in the Dime Savings and Banking
Company applied fer their money today
they we're handed printed slips 10 the
effect that the hank had decided to take
advantage of the rule requiring Sky
d~,,s' notice on the payment of all saw
iIss accounts.
When the doors opened several hundred
people were waiting. Those who had saw
ings accounts gave formal notice of their
desire to close the accounts and went on
their way. Meanwhile. business went on
as usual in the commercial department..
Big Deposits Made.
Several big deposits were made in the
latter department during the morning
Captain Burdick, of Bowler & Burdick
opened an account in the firms name by
depositing $4,000.
Il was simply doing this" said he Ito
show my confidence in the stability of this
institution
n. s. Posscns. superintendent of the
Brush Electric Company. opened com
mercial account for $4,000: Daniel f.
Taylor, real estate dealer. was another
who opened a commercial account.
Specie on Hand.
An Adams Express wagon drove up
about 10 a. m. 1t contained two small
safes, which held $4,000 in gold. The
safes were carried into the bank. little
later a messenger for the sane express
company arrived with $4,000 in currency.
sent from Pittsburg. and soon afterward
$4,000 more was received from the bank 5
Detroit correspondents.
This had a marked effect on the crowd,
which rapidly melted away. AT noon only
q scorc OF people were in the bank, and
not the slightest sign of excitement was
apparent. Referring to the siXtyday rule,
President Watterson said:
We do not expect at all to live up to
the letter o. this announcement. If any OF
our savings depositors want money in a
few days they will have no trouble in
getting it.
An OTer of Aid.
Today President Watterson received
this telegram from Mr.. Stephen Baker.
President of the Bank of Manhattan, of
New York: Can We loan you any money,
or help you in any way?"
Watterson replied that he had all the
money necessary. The telegram YVES read
10 the depositors in the banl: and on the
street. Mr.. Townsend said that num-
Der of business men had offered assist
ance and others who were holding unex-
pired loans had paid up.
Townsend said there we're So G0G. coo in
saving accounts on deposit. There are
11,000 savings account depositors.
Clause to BE Enforced.
1t having been agreed among the banks
that any institution could reserve the
right of insisting on the sixty-day clause
regarding savings deposits it was decided
to put this clause in force in the Euclid
Avenue Trust and Savings Company.