The St. Louis Republic., 1903-10-29

stix Dry Goods Company. assured a Re
public representative that there had been
no fears among the employees Of his firm.
The best example We could set TO our
people was to keep on dcpusiting. which
We did. and will continue TO do. We oN-
| planned to some who asked our advice
what We knew about the financial status.
and the result was that We believe not one
| OF our employees or their friends withdrew
q cent OF money they had on deposit"
J. VI. Hays. treasurer Of the Giesckc-
| D'oench-Hays Shoe Company. queIled any
| Tears that employees OF his firm might have
had
We have about ~ employees and were
asked ny many what we thought Of the
ad'isioilty of Withdrawing deposits from
trust companies. I listened to the stories
OF All and 10 each said: Bring your bank
books 10 us. Wen assume these ohlga-
Tons and will give cash i'm return To the
tnll amount or your certificates
We also resssured our employees by let
ing them know that We were dcpositiuE
large sums Of money daily. despite these
reports"
nave opened several now accounts
with several trust companies said Leon
J. schWab. vice president Of the schwab
'tothing Company. yesterday. when asked
as to the feeling of the employees Of his
hrTn az 70 the financial situation. "As to
employees Of the house. they are not afraid
OF losing cent through deposits in any
81 Louis banking institution. offered to
reimburse dollar for dollar rather than
nave them withdraw cent at this time"
WORKERS DECIDED NOT
TO WITHDRAW ACCOUNTS.
President A. u. Brown OF the Hamilton
Brown Shoe Company, while not called
upon by any OF his employees for advice.
called personally upon several Of the trust
companies Of the city and offered TO them
any assistance in his power. providing il
was needed. Mr.. Brown has the utmost
confidence in the financial conditions of St /
Louis Institutions which Is known TO his
employees, and il any were desirous Of
Withdrawing accounts it was not known
TO the firm
President Forrest Ferguson OF the Fer
guson-McKinney Dry Goods Company
personally assured all the employees Of his
establishment that there was no danger
Of any Of ST. Louis's banking institutions
suspending
We have IySO0 employees" he said.
asked for advice. and We told them that
the Trust companies are comparatively as
strong as the rocks OF Gibraltar. our
words had effect and We believe there
have been no Withdrawals from employees
Of our house"
l. r RosenthaL president OF the Rosen-
thal-Sloan Millinery Company. assured
the hundred and ffty employees Of his cs-
So hTTsh-av,s
FOR their accounts I'm 81 Louis banking;
establishments.
Il advised nv employees that they
would sustain no les. and furthermore |
offered to make their losses good pruvid- |
ing they lost money by taking my advice. !
I don't believe any OF my people withdrew |
a cent"
Employees Of the Anheuser Busch |
Brewing Association were also ADVISED 10 |
leave their savings on deposit. Edward |
A. Faust, second vice president OF the /
concern. stated 10 The Republic that
those employees who had money in the |
trust companies would be reimbursed pro- |
v!ding they lost cent by leaving their |
money upon deposit when advised 10 DO /
- by members OF the Anheuser- Busch |
Association.
Homer r Knapp. vice president of the |
Butler Bros. concern. which has branches |
in Chicago and New York advised all /
to leave their money upon deposit a.
financially 81, Louis vas IN extremely /
good condition.
Upon the advice or Henry ". Peters. /
president OF the Peters Shoe Company. |
which employs a thousand men in its |
Plant. many we're kept /
from Withdrawing accounts
W H Dittmann, president Of the Dit
man Shoe Company. treated the reports
that the ST. Louis trust companies were
In danger fsostiously- He reasSured all
his friends and employees hy offering to
cash In their certificates. All decided that
they would keep their holdings. Mr.
Dittmann offered to cash all certificates
AZ 100 cents on the dollar.