New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-29
ST. LOUIS CONFIDENT.
Ran Begins Again, but Excitement
Soon Dies ont.

o. -i, ~, s-Tfe statement ~ President
Julius s Walsh Of the Mississippi valley trust
(ouosrv that the situation is thoroughly In hand
she excitement has subsided and from this on we
-, business Will be conducted in the usual
,v5e-v manner" expresses the opinion that seems
general tonight after she unwonted financial con
sttsors that prevailed here for parts OF yesterday
.D6 to-day Officers OF all the trust companies say
.bat voluntary offers o. help were received from
.,snr,sl institutions in New-Eork. Philadelphia
chicago Nezv-Orleans. Kansas city. Boston aho
many Of the smaller towns Of Missouri ana Hi
,o,s hui ali were declined. the companies mere
had SufHciert cash with which 10 handle theI
business Expressions OF confidence and offers OF
s,s on the pa~t OF the national banks financial
and other institutions OF St Louis have helped 10
strengthen the situation and restore confidence
The officers q al tho trust companies on VIII
-,,s were stared vesterday-the Lincoln the Mel-
.s-+fle and The Mississippi Talley-said that their
ror-erns had come through the ordeal without
eel.- the slightest bad effects, and all expressed
,e confden; belief that the trouble ara the scare
80 nav over The officials % the other trust
,o-,,ns,ies and banks concurred in this opinion
before business began in the morning. however
.he-a did not seem the same reason for confidence
Long before 10 O'Clock the hour Of opening. lines OF
senositors stretched away from the doors OF the
Sississ!ppi Valley Trust Company, the Lincoln
7-r-,st Con,parv the Mercantile Trust Company and
the Missouri Trust Company. Small crowds were
assembled also before the doors Of some OF the
other savings institutions. Most II those in line
were working people and many 81 them women
whose savings were not heavy
When the doors were opened owing 10 the action
taken last night by the officials Of the trust COM
NAMES requiring thirty and sixty day notices Of in
rertfon 10 withdraw funds depositcrs were not bic
70 get any money All they could 10 was 10 declare
.beir intention OF Withdrawing their deposits at
the expiration 81 the time limit The companies
also decided not to pay certificates Of deposit le-
fore maturity.
The greatest crush was before the doors ~ tho
Mercantile Trust Company. At O'Clock the doors
were opeaed an6 the crowd surged in with
force that swept aside the police and bank en-
windows the paving reler-. Festus } WADE;
PRESIDENT Of the company. mounted ? chalr ana
said that unless the depositors formed in line
they would be all elected from the building tie
~ thew Insisted on crowding in such manner.
This announcement had the desired erect. ana
some semblsnce Of order was restored.
A. noon the Withdrawals Of daily balances ny
small depositors were decreasing, and the uneasl-
ness had subsidized somewhat. one depoStor who
Trust COMPANY deposited ir again before leaving
the Office upon receiving the personal guarantee OF
. r Francis. director OF the company. ana
IT The arrival Of several boxes Of GOLD and
silver II wagons guarded by armed othcers seemed
restore degree Of confidence in the crowd
before the Mercantile Trust Company Building.
Al I O'Clock there were only few cepositors
Withdrawing daily balances 0r giving notice of
withdrawal Of savings deposits. At O'Clock the
excitement YVES over.
posted il again to-day. and in some instances
savings accounts were opened. one effect OF
the Withdrawals observed at the City Hall
in the great increase in the payment Of taxes.