New-York tribune., 1904-08-06
STRIKERS START A RUN.
BANK PAYS 1LL WHO can
Thought Packers We're Using 1t IN
Paying Off Strike Breakers.

Chicago. aug. J.-Hundreds Of strikers ana
others to-day throngel 20 the Drovers Trust
ana Savings Bank. near the main entrance OF
the stock:2rdS. ana withdrew Their CcposI'N'
whether large or small. The unusual scene at
tracted a large crowd set all manner Of rumor7
III circulation, and created general yum on 'he
institution The strikers acted in retaliation Tor
the alleged action of oae Of the packing firms,
Iibhy Mcneil & LIBBY. IN making The bank
an adjunct 10 their pay department. on Wednes-
day. 1t is said Edward Tilden, director - the
company. led strike breakers TO the hank II
order that they might be paid off in cash in
stead Of having q experience the embaTass-
ments growing out of the packers system Of
paying IN cnecks.
Long before the bank opened rulnors we're IN
circulation that the strikers would start a run
on the institution. ard when ;he hour for opening
came a double line extending into the street
greeted the bank officials. Without protest or
explanation the officials doubled the force of
paying tellers and met all demands.
The deposits withdrawn ranged from $40 to
$500 Among those who withdrew was Mollie
Daily head Of the womens union at the stock
yards The police detail at the bank was in
creased at O'Clock to handle the increasing
crowd which then extended ia line two hun
dred feet each way from the entrance. and was
beginning to show signs of restlessness
At one time more than LOO ciamoring de-
positors were massed about the institution
while fifty policemen were al work 20 keep the
thronG in order. Meantime the bank had huge
piles Of greenbacks and silver stacked up on
the counters. The officials announced that they
would keep the bank open all night. if necessary.
and that more cashiers windows would he
opened
After the regular closing time three hundred
persons were in line waiting to withdraw money.
The paying windows were kept open until after
o'clock. Nearly two hours before that time
the last man in line had been paid his deposit
in full and fresh arrivals had ceased coming.
It is estimated that upward of three thousand
depositors withdrew their deposits during the
day When the run was at its height the bank
withdrew 100000 of its deposit with the Com
merciaI Natlona; Bank and like amount from
the First National Bank in order to prevent any
possibility Of being unable TO meet its ohliga-
tions.
The Drovers' Trust and Savings Bank is in
the same building with the Drovers' Deposit
National Bank. its local correspondent. Its cap
ftal is S2OOO00 and its surplus and profits are
named at $4,000. II has a long list Of depos-
itors among the workmen about the yards and
pays 3 per cent interest on their savings
II opened its doors February 3. 1902, and its
last report June 10 1904. shows resources and
liabilities amounting 10 Sl.S65, ,jo6.
There is no truth in the statements that
caused the run" said William A. Tilden. vice
president OF the bank Mr Tiden is brother
Of the Libby, Mcneil & Libby director whose
action is said TO have caused the run. We are
simply meeting the situation by paving without
question or argument all depositOrs who wish 10
withdraw their money That is all care to
say"
Strike breakers continued 10 pour into the
yards to-day. The new arrivals included an
other train load OF immigrants. The recruits
were frightened into Mysteries by a series Of eN-
plosions caused by strike sympathzers placing
dynamite caps and saltpetre on the tracks No
property damage resulted.
Nearly ten thousand strikers were paid to-day
from the strike trea sury 81 each. the so-called
" eekIy benefit. This is the first benefit paid 10
the strikers.