The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-29
No Further Excitement Over tho Run
That Was Started by False
RumOrs ON Tuesday.
CONFIDENCE FULLY RESTORED
BANK OFFICIALS UNANIMOUS IN SAY
ING THE FURRY Is OVER.
Many Offers of Financial Aid-Over
S2,0c0,1OO i'm Gold Transferred
from the Subtreastry.

ST. LOUIS, Oct. 2S.-The statement OF
President julius S. Walsh, OF the 9fissls-
sipp Trust Company whose sentiments are
echoed in interviews by other trust COM
pany officials of ST. Louis, that "the situa-
ton is thoroughly in hand, the excitement
has subsidized and from this on we expect
derby manner" expresses the opinion that
seems general tonight after the unwonted
financial conditions which prevailed here
during parts of yesterday and to-day. OFF,
of all the trust companies state that
voluntary offers of help were received from
financial institutions in New York, Phil
adelphia, Chicago. New Orleans. Kansas
City, Boston and many of the smaller
towns of Missouri and Illinois, but all were
declined for the reason that they had suffi-
Gent cash with which to handle their bust
ness. Expressions of confidence and offers
of aid on the part of the national banks,
financial and other institutions of ST. Louis
helped to strengthen the situation and re-
store confidence.
The furry is over" said Mr.. A. A. B.
Woerheide. president of the Lincoln Trust
Company. Long before our regular clos
ing hour arrived all those who desired their
money had received it and departed. There
Is no reason for further concern.
President julius s. Walsh, OF the Missis-
sippi Trust Company, said: There is abso-
iutely nothing IN the past or present condi-
ton OF our company to Justify the slightest
were met, and We had more cash on hand
when we closed this afternoon than when
We opened yesterday morning.
Festus j. Wade, president of the Mercan-
tile Trust Company, said THE Mercantile
Trust Company received voluntary offers Of
financial institutions Of New York, Phila-
delphia, New Orleans, Kansas City St
Joseph, Chicago and San Francisco suffi-
Gent to pay off every dollar of it's deposit
tors at once. All offers were while highly
appreciated. respectfully declined. as we
closed the day with over a million dollars
more cash than we had when the silly run
began"
John w. Harrison, first vice president of
the Missouri Trust Company, said: "Other
financial institutions have placed at our
disposal any amount of cash funds that
we might ask for in this contingency. We
are pleased to say. however. that we have
not been obliged to ask any financial aid
whatever and tonight will have over $780,
900 of cash In our vaults and ample funds
at our command to meet all our liabilities
of every description
Mr.. G. A. Buder. counsel for the Ameri-
can Central Trust Company, said: Our
company is practically unaffected by the
present furry. L believe the situation is
cleared and that the worst is over"
Lawrence Il. Pierce, first vice president
of the Commonwealth Trust Company.
stated that their deposits had been many
times the amount of the Withdrawals.
Henry Koehler, jr., OF the Germania
Trust Company. said that nothing of any
consequence was drawn out of his institu-
ton; and that offers of aid received from
other financial centers were thankfully de-
clined as unnecessary
Thomas H. West, president OF the st.
Louis Union Trust Company. stated that
the so-called run was past and had done no
damage except to depositors who had with
drawn their money. "Only few of our
smallest depositors withdrew their savings
and they will be back again" said Mr..
West.
Many depositors lined up at the savings
banks this morning but were notified they
must give the requisite notice of with
drawaI. There was no excitement and the
crowds soon dwindled away.
NEW YORK, Oct. 2S-The total transfers
to St Louis at the subtreasury were 81, 100.-
Co., making grand total to ST Louis, Chi
cago and New Orleans of &. $500