The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-08-06
BANK RUN GREW
OUT OF STRIKE
DepositOrs SwOOped Down on
Stock Yards Institution.
WERE PAID THEIR MONEY
MORE RUMoRs OF PEACE NEGO-
TIATIoNS.

CHICAGO. August 5.-The strike il
l. the packing houses mad counter
attraction today IN the excitement
attending d run on the Drovers- Trust
& Savings bank. which is in the stock
yards. The rush of the depositors 40
the bank started early today because Of
an unfounded rumor that one of she
packers representative had Withdrawn
his money from the institution and re-
ports that the bank was used by the
packing companies as an adjunct iH
paying employees who have taken lhe
places of strikers
An dav long hundreds of depositors
stood in line TO withdraw their small
deposits When closing time came this
afternoon a thousand persons We're
waiting for their money.
Met All Demands.
The bank determined to meet the
emergency. called in extra teliefs sllo
the place was kept open until every
depositor no presented himself 1ad
been satisfied. The paying windows
were closed after O'clock tonight
Nearly two hours before that time the
last man i'm line had been paid mis- de-
post in full.
Ii is estimated that more than 5000
depOsitOrs called and withdrew their
deposits during the day. When the run
was at its height the bank withdrew
Si00 600 of its deposit with the CONNER
ciai National bank and a like amount
from the First National bank in ORDER
To prevent any possibility Of the bank
being unable to meet lis obligations
promptly
Offers CT Assistance.
Eve have plenty OF money 10 meet
any kind of run" said Vice president
William \. TfIden tonight after the
bank had been closed for the night
We had more than $500.ouo IN our
vaults and beside the S20ot0o taken
fr,ln down town banks. we received Of
fers OF assistance from the First IA
tionaI bank Of Chicago the National
Park bank Of New York and the stan
dard Trust bank of New York None
of these offers viii be accepted as we
have on hand all the money we need.
our windows viii be kept omen until
ali deDoSitOrs are satisfied. but from
the appearance Of things [ think the
run on our institution ended tonight
However. should there be recurrence
tomorrow OF tOday's run the bank can
nav every one of its six thousand de-
serve in the First National bank OF
Chicago"
Strikers Had Deposits
Many workmen now on strike in the
packing plants have. or Rad deposil s
in the Drovers' Trust & Savings bank.
but most Of the persons who gathered
about the place today to demand tneif
money were small tradesmeu doing
business in the stOckyards quarter and
working people who are not and nave
not been connected in a labor capacity
with the packing plants.
The teamsters' union. members OF
which are on strike has $1,000 on deposit
I'm the bank. but no effort was made 10
withdraw this money today the score
tarv of the union declaring that the
money would remain where ii was. as
the bank was as solid as a rock
Todays run had no effect ON the
Drovers' Deposit National bank, 1t be
ing a. separate institution. although &C
cupyfng the same rooms as the DroTeTs
/ Trust & Savings bank.
Peace Rumors.
Rumors of another peace conference
between the packers and the strikers
were occasioned tonight by the appear
auc- at the livestock exchange u Jcnn
N Bo8rdman and n 7. Miner pTesi-
dent and secretary of the Montana
Roundup association. an organization
of drJvers which sends nearly Z5B-ttt
head Of cattle 10 the Yards each year
The Montana men represent several
million dollars and announced that Jhey
were In Chicago To investigate the
causes and conditions surrounding the
strike.
This strike WORKS great hardship
among the Montana heTdsmen. said
Mr. Miner. and We are anxious that
IL sho lld be settled. We are ready tf
ship thousands Of cattle which are heid
back by the lack Of demand and the
depressed market
Although stock yards officers and
( packers representative denied kpoUi-
edge OF any peace movement. IL is 7tie
that the Montana men VIII try TO ar
range d conference
Increasing Business
IL a statement given out tonight by
the packers il is asserted that there
was a considerable fncreGse iu today S
+ business over that of yesterday The
total number OF cattle killed today .
F placed at 1868. while 1888 moss ana
+ 5.2OT sheep were slaughtered.
/ The strikers tonight declared than the
strike from now on would be active
+ When President DoDuelly Of tie outch-
/ ers' union returned TO Chicago today
! from trip through the wes-- he inn
{ nsediately went into a conference with
other labor leaders. The meeting lasted
nearly all day and when il broke or
! it was said that another meeting Wcuid
= b. held tomorrow. when some action l1
regard to cailiuG q strike of the truch
drivers throughout Chicago would De
I taken
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