The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-10-28
RUN ENDS.
Financial Troubles of st. Louis
appear to Be Over.
But Few DepOsitOrs Are With
drawing or Giving Notice.
PUT THE MONEY BACK.
Some Who Got Money Yesterday
Returned 1t Today.
Crowds of Early Morning Rapid
ly Dwindled Away.
NEW YORK TO. RESCUE.
Over Two Million Dollars in
Cash Sent Out.
-
Some Who Got Money Yesterday
Returned 1t Today.
Crowds of Early Morning Rapid
" Dwindled Away.
NEW YORK TO. RESCUE.
Over Two Million Dollars in
Cash Sent Out.
A Large Amount of This Came
from the Sub b-Treasury.

st. Louis, Oct. 2S.-At 1 O'Clock thi
afternoon the uneasiness of small de
positors in the trust companies seemed
to have been removed. At this hou
there are only a few depositors with
drawing daily balance accounts or Civ
ing notice of withdrawal of savings de
posts at the Mercantile and the Mis-
slsslppi Valley companies Many per.
sons who withdrew money yesterday
deposited it again today. and in some
Instances new savings accounts were
opened.
AT all the other trust comuanies the
Withdrawals We're but little in excess
of the normal. One effect of the with
drawals was observed at the citv hall
an the great increase in the payment
OF taxes. This afternoon the unusual
crowds at the different trust companies'
offices had dwindled away and bust
ness seemed to have resumed normal
SWAY.
DEPOSITORS LINED UP.
St Louis, Mo, Oct. 2S.-Long before
10 O'Clock, the hour of the opening, lines
OF depositors stretched away from the
closed doors of the Mississippi Valley
Trust company. the Lincoln Trust COM
pany, the Mercantile Trust Company
and the Missouri Trust company. Small
cICWdS were assent bied before the doors
OF the other savings institutions 1t
was observable that most of those in
line were working people and many of
heavy.
Owing to the action taken last night
by the officials of the eight trust com
panles doing business in StssIatlis. re-
quirlng 80 and so days notice of inten-
ton to withdrawing funds depositors
were not able to get any money. All
they could do was to declare their in
tention of withdrawing their deposits
at the end of the time taken advan-
tage of by the companies under their
rules. The trust companies also Ale-
cided not to pay certificates of deposit
before maturity.
The directors of the Mercantile Trust
company, representing several millions
of dollars, have signed the following
agreement:
We, the directors of the Mercantile
Trust company, knowing that all its af-
1airs are in sound and safe condition
and that every dollar of its obligations
viii be met, do hereby bind ourselves
individually to the extent of our indi-
Vidual fortunes to the payment in full
of all current and savings deposit ac-
counts. and we do hereby guarantee
such payment"
The greatest crush was before the
doors of the Mercantile Trust company,
on Eighth and Locust streets
At o'clock the doors We're opened
and the crowd Surged in with a force
that swept aside the lines of police and
bank employees formed to preserve a
regular line to the windows of the pay
ing tellers of the time and open ac-
counts.
The police were unable to handle the
crowds, and Festus J. Wade, president
of the Mercantile Trust company,
mounted chair and made an an
nouncement that unless the depositors
formed in line thew al y
ed from the building. He explained
that It was impossible to wait on them
If they insisted on crowding in such
a manner. This announcement had the
desired effect, and some semblance of
order was restored
When as many persons as could he
accommodated at one time in the bank
Ing rooms had formed in the two lines
further admission was refused untii
some OF the first corners had left bv a /
separate entrance; then others were ad- /
mitted 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 |
10 such an extent that the ~solice were
unaole 10 control it and the officers
stationed at the doors were swept awav
from their stations almost as raDi1lv as
they could regain them. Woman. who
as on Tuesday. constituted a large per
centage OF the crowd. were crushed in
dresses were torn and their hats
knocked off. The police, in irving to
handle the crowd, pushed many of them
into the gutter, and in several instances
personal fights We're averted onlv nv
the interposition of cooler persons
When the doors of the Mercantile
Trust company were opened, Locust
street east of the building was backed
while that street to the west and Eighth
street to the north and south were com
paratively 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
directed their efforts chiefly toward
maintaining some degree of order at
the doors.
At the various institutions named the
onclalS stated to the Associated Press
that current accounts are being re-
celVed and paid out as usual. The early
crowds which thronged the streets and
Fought for place in line have become
th1nned out, many of the savings de-
Dos1tors taking their blank notice of
withdrawal of deposits home Officers
IF the different Institutions made re-
assuring speeches to the depositors he
tore their doors and this helped to send
others away. The arrival of several
boxes of gold and silver in exnress
wagons, guarded by armed messengers.
seemed to restore q degree of conf
1ence IN the crowd before the ATercan-
lie Trust company building President
Walsh OF the Mississippi Trust COM
Pany, stated to the Associated Press