Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-10-28
MANY COT BLANKS INSTEAD.
The Institutions Insisted Upon Due
Notice Of Withdrawal Being
Given.
WOMEN WE'RE ROUGHLY HANDLED
Greatest Rush Was to the Mercantile
Trust Co., but Others Also We're
Well besieged.

G, Louis, oct 2s.--Long before 10
o'clock, the hour OF opening, lines OF
denosltors stretched away from the
closed doors Of the Mississippi Valley
Trust company, the Lincoln Trust COM
nany the Mercantile Trust company
and the Missouri Trust company. Small
crowds we're assembled before the doors
of the other savings institutions near
Nv II Was observed that most of those
in line we're 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 com
panles doing business in st. Louis. re-
curing 80 and 60 day notices OF inten-
ton 10 withdraw funds, depositors were
not able to get any money. All they
could do was to declare their intention
of withdrawing their deposits at the
end OF the time taken advantage of by
the companies under their rules, The
trust companies also decided not to
pay certificates OF deposit before ma
turlty
The greatest crowd was before the
doors vi the Mercantile Trust COM
pany. Locust ana Ligntn streets, were
Jamnleu Tor distance OF several hun
ored feet aud all efforts TO keep them
.leat were practically abandoned, wniie
the police uirteteu tnelr efforts chieny
toward maintaining some degree or or
Ger at the doors.
~ 0 CLOCK the doors were opened
ana the crowd surged in with force
that swept aside the lines Oh police aud
bunk employees formed TO preserve a
regular llae 10 the WINDOWS OF the pay.
ing teller OF the time ard open ae-
counts. Fostus j, Wade. president OF
The Mercantile Trust company. mount
ca ehair and made an announcement
mat unless the depositors Formed 10
line they would be elected from the
building. This announcement had the
oeslred effect and some semblance OF
order was restored.
When as many persons as could be
accommodated at one time IN the bank
ing rooms had formed in the two lines,
further admission was refused until
some OF the first Corners had left by a
separate door, then others were admit
Yea and forced 10 keep in line and
leave as soon as they mad transacted
their business.
By 10 o'clock the crowd around the
building had Increased to such an eX-
tent that the police were totally unable
TO control 1t and the officers stationed
AT the doors were swept away from
Their stations almost as rapidly as they
could regain them.
women, who, as on Tuesday, consti-
tuted large percentage OF the crowd,
were crushed In the jam. and In the
struggle their dresses were torn and
thell mats Knocked of.
me police In trying TO handle the
CROWD pushed many OF them into the
gutter, and in several instances per-
hohal tights were averted only by in
reference by cooler heads.
Az the various institutions named the
oIlclals stated to the Associated Press
tnal current accounts are being re-
celved ana paid out as usual. The early
CROWDS which throngcd the doors Of
the banks gradually Trimmed out, many
OF the savings depositors taking their
Dlank notices OF withdrawal home. Of
hcers OF the different institutions made
ieassurlng speeches to the depositors
before their doors and this helped to
sena others away, The arrival OF sew
elal boxes OF gold and silver In express
wagons guarded by armed messengers,
ssVslneu 10 restore degree OF conf
a ~ 10 the crowd before the Mercan-
tne trust company building. President
wash OF the Mississippi Valley Trust
company stated that he believed the
excitement was about over.
,heIfy NJ. Meier. vice president OF the
mssourl Trust company, made this
statement today:
Vur INSTITUTION has money In abund-
Nhce 10 meet demands Of whatever ma
lure All of the banks and trust com
p"lles nave sufficient funds to tide
mem over the present situation"
'ohh =. Davis. second Vice president
oi me Mississippi Valley Trust COM
.pany addressed tho throng assembled
there, saying:
Inc anxiety expressed here is en-
Huvy uhcalled for and without reason.
All open accounts Will be paid lust as
sVoh az they are presented here. Every
o.ner account VIII be paid just as soon
as II falls due.
y mere Is no reason for any worry.
hour money Is well invested and YOU
een get II back If you want IT, at the
tract. :" ~" e'"-
we are In splendid shape financially
s ,l everything is prosperous with us. /
mlnk the same Is true OF every trust
Nollpany IN st. Louis. appreciate
gout anxiety and assure you as n
sentleman and an officer and stock
nolder OF this company that your fears
ale groundless, and that you viii lose
no money through this company
AZ noon the withdraway OF daily bal
snces from trust companies by small
,Ieposltors was decreasing ana uneas-
mess T mad somewhat subsidized.
me director Of the Mlssisglppi Valley
una Mercantile Trust companies gave
snery assurance to deposltors, and ex-
pseted the run 10 end before the close
oI banking hours today. Many large
mercantile houses announced to their
oihpioyes that the firms would cash
my checks on the trust companies
Surostone brokers who went among the
uenosltors In front OF the Misslsaippi
valley and Mercantile Trust companies
pnerlng 10 discount checks at per
cent got no business.
owing to the strike OF express driv-
e's no money Tor exchange was receiy-