Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1903-10-29
SAVINGS oEPoslToRs IN ST.
LOUIS FEAR FOR THEIR LIT
TIE FORTUNES.
BANKERS NOT UNEASY
The Institutions, However, Wish to
Take Advantage of the Law and De-
mand Thirty to Sixty Days Notice
From Depositors Who Wish Funds.

st. Louis, Mo-, Oct. 2s.--Long before
the doors OF the Mississippi Valley,
the Lincoln, the Mercantile and the
Missouri Trust companies opened to-
day there We're long lines of deposit
ors assembled awaiting the begin
ming of the days business. Small
groups stood before the saving insti-
tutions when the doors opened.
Require Notice From Depositors.
The most anxious depositors We're
the working people, whose savings
are not heavy Owing to the action
taken last night by the officials of the
trust companies in requiring thirty to
sixty days notice of intention to with
draw funds, the depositors We're not
able to get any money The trust
companies have also decided not to
pay certificates OF deposit before ma
turity.
Run Started Like Flash.
The run started on the Mercantile
Trust Co. yesterday afternoon by saw
ing depositors. People suddenly
thronged the corridor and in a very
few moments line had formed at the
bank window reaching out to the
street. Policemen hurried to the scene
and prevented disorder, while within
| the bank the officials mingled with the
crowd and assured everybody that the
| deposits would be speedily paid.
President Feegs Secure.
President Wade said to the Associat-
4 j
| started. 1t came like a flash, but the
only result will be that the people vii
/ get their money. iney will get 1t jus
i as FAST as they cali fol- it,. We nave ut
/ fear whatsoever for the bank.
i Francis Talks to People.
David r. Francis, president Of the
Il Louisiana Purchase Exposition com
4 pany, and director Of the Mississippi
i Valley Irust Co.. made a short speecf
to the depositors. He said a committed
Eof three disinterested persons had onl.
4 recently gone over the books OF the
4 company and had not found anything
4 that should cause apprehension as t
i the stability of the institution. Tht
Mississippi Valley Trust Co.. he said
4 was willing and able to pay all WHIT
wished their money and wished its
!. right to take advantage of the sixt,
, days clause.
Believes Excitement is Over.
President Walsh OF the Mississippi
Trust Co. stated this afternoon tha
.. he believed the excitement to be abou
= over.
Accounts Being Paid.
At the various institutions nance
| the officials stated to the Associate
) Press that current accounts are bein
q received and paid out as usual an
! the early crowds which thronged th
doors and fought for place in tn
2 lines soon thinned out. Many of th
. depositors taking their blank notice
of withdrawal home. The officers c
!. the different institutions made fea'
, suring speeches to the depositors bt
? fore their doors and this helped
Z send others away.
d Wagon!oads of Gold.
The arrival OF several boxes OF gol
l, and silver in express wagons. guarde
{ by armed officers seemed to restoi
It a degree OF confidence in the crow
before the Mercantile Trust Co, bull,
ing.
New York Furnishes Cash.
New York, Oct. 2S.-St. Louis sti
continues to make demands on tn
centre for cash. The sum of $500
II 900 was sent by telegraphic transfe
S from the sub-treasury today and diret
e shipments of about the same amour
e We're made by local banks last nigh
d a Chicago and New Orleans, Too.
Chicago and New Orleans also Dire
i moderately on the sub-treasury toda
). for crop of money.
n Millions For ST. Louis.
New York, Oct. 2S.--Up TO q;
o'clock this afternoon there had bee
s2.025,OGO transferred to st. Louis t