The Montgomery advertiser., 1903-10-29
RUN IS CONTINUED.
Saving Banks Enforce the Time
 Clause,

St. Louis. Oct 8-Just before the hour of opening today the lines Of deposltors stretched away from the closed doors Of the Mississippi Valley Trust Company the Lincoln Trust Company, the Mercan- tile Trust Company and the Missouri Trust Company. Small crowds were as- sembled before the doors of the other savings institutions. It was observed that most of those in line were working people and many of them women, whose savings were not heavy
 Owing to the action taken last night by the officials of the eight trust companies doing business in St. Louis enforcing thirty and sixty days notice of intention to withdraw funds, the depositors were not able to get any money, All they could do was to decldfe their tnteutions of withdrawing their deposits at the end of the time taken advantage of by the companies under their rules.
 The trust companies decided not to pay certificates of deposit before maturity. The greatest crush was before the doors of the Mercantile Trust Company at Eighth and Locust streets. At g o'clock the doors were opened and the crowd surged in with force that swept aside the lines of police and bank em- ployes formed to preserve a regular line to the windows of the paying tellers of the time accounts.
 The policemen were unable to handle the crowd and Festus Wade. president of the company, mounted chair and an- nounced unless the depositors formed in line they would be elected from the buid- ing. He said it was impossible to wait upon them if they insisted in crowding in such a manner This had the effect and some semblance of order was re- stored.
 mn of hn Hk, accommodated at the banking rooms had formed in two lines, and further admis- sion was refused until some of the first corners had left by separate entrance; then others were admitted and forced to keep in line and leave as soon as they had transacted their business.
 By 10 o'clock the crowd around the trust company's building had increased to such an extent that the police were totally unable to control it, and the of- ficers stationed at the doors were swept away from their stations almost as rap idly as they could resume them. Women constituted a large per centage of the crowd, and were crushed in the jam. Many dresses were torn and hats knock ed off.
 The policemen in trying to handle the crowd pushed many of them into the gut ter, and in several instances personal nBnIS were ndTTOWly dNeTleu. When the doors of the Mercantile Trust Company were opened just across the street east of the building 1t was packed, while the street to the west. and Eighth Street, both to the north and south. were comparatively clear.
 | Half an hour later, however, both streets were crowded for a distance of several hundred feet, and all efforts to keep them clear were practically aban- doned, the police directing their efforts chiefly towards maintaining some degree | of order at the doors.
 i John E. Davis, second vice-president of the Mississippi Valley Trust Company, during the morning made his way to the stone steps leading to the bank and ad- dressed the throng assembled there as | follows
 The anxiety expressed here by so many of YOU Is entirely uncalled for. and with out reason Not one person will lose any money through this trust company and we shal conduct our business in our regular manner
 There Is no change in our financial con dtion whatever. We have always paid whatever should have to be paid to every one and we are going to do so in the 1 future.
 "All open accounts will be paid just as soon as they are presented here. There will be no delay. Every other account will be paid just as soon as 1t falls due | If you have an account which is due today 1t will be paid today in your regular turn There is no reason for any worry Your money is we'll invested and you can get it back if you want 1t at the regular time provided for in your contract 1 'I tell you positively that no official of
 the Mississippi Valley Trust Company ha g been to Chicago for money, We do not
 need money. We are in splendid shape
 financially and everything is prosperous
 with us. l think the same is true of every
 trust company in St. Louis. I apprecl-
 ate your anxiety and I assure you as a | gentleman and officer and stockholder of
 this company that your fears are ground
 less, and that you will lose no money
 through this company
 Henry M Meir. Vice President of the Missouri Trust Company. made this statement today:
 'our institution has money in abund