The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-08-30
The RUN IS ENDED
No Excitement Among Bank of
Topeka Depositors Today.
Patrons Have Ceased to With
draw Their Money.
OFFERS OFHELP
Large Sum OF Currency Was
Received Yesterday.
Walter Patrick Unintentionallv
Responsible for FURRY.

AOCpOuS1WlC AOE Z GluEEys
The resolutions adopted by the busi-
| ness men in a mass meeting, express
ing absolute confidence in the Bank
of Topeka, the publishing of the
statements of the bank officials and
the source of the unfounded rumors
concerning the bank, resulted in put
| ting an end to the run on the bank
and this morning when the doors
were opened at 8 o'clock the business
at the Bank of Topeka was of the
usual nature with no excitement and
no anxious depositors crowding in
front of the paying teller's window
The Run Is Ended.
AS soon as the news became current
outside of Topeka, that the Bank of To-
peka was being subjected to a light
run. j. r. Mulvane, the president, re-
ceived about 25 offers of help, all of
them for large sums.
The most pretentious, and one that
probably could have taken care of the
entire situation no matter how serious,
came from the National Bank of Com
merce of Kansas City. Mr.. Mulvane re-
ceived the following letter Tuesday af-
| ternoon:
Dear Mr.. MuIvane:-We are shipping
]
to no one else. We will send you all
you need. I understand you are keep
! ing open this evening, and we await
your further orders. We will not hesi-
tate to take care of you for the full
amount of our deposits.
Sincerely yours,
w. H. RULE, Cashier.
Three bankers, one from Wichita, one
/ from Arkansas City and one from Law
renee, came to Topeka on Tuesday af-
ternoon on the first trains they could
take after hearing of the run, and in
formed Mr.. Mulvane that they would
each send him S100, 900 if he desired it,
Probably fifteen different persons in
this city offered the bank sums ranging
from $4,000 to $4,000. One man came
into the institution this morning, and
going up to Mr.. Thurston, the cashier,
SAID Il have $4,000 right now that I
am not using. l am not a customer of
your bank, but if you want that money
you can have 1T immediately
just then the telephone rang. mo,
thank you,'' was the closing answer Of
Mr.. Thurston after talking for a little
while. There was business man.,
said Mr. Thurston, wheeling around
who wanted to give us $4,000 if we
needed it. We have had offers of that
kind from a large number of different
parties. But we will not take them. We
are fully prepared to meet any contin-
gency-''
One quarter of a million of dollars of
currency was shipped into the Bank of
Topeka from outside points this morn
! ing and yesterday afternoon. The bank
itself sent out $98,000 worth of exchange
paper. Heavy deposits came in all day
yesterday and are coming today. and
they will run up to large figure.
There was no need of help today. A
/ few small depositors who had not seen
| the newspapers withdrew money from
the bank this morning between half
past eight and half past nine o'clock.
The bank opened a half hour earlier to
\ accommodate all corners.
| At noon the furry was ended. Moth
ing else was going on about the bank
than the usual volume of business: The
| trouble has entirely subsided," said Mr..
| Mulvane 1--WE appreciate the attitude
of the people of the city and the news
papers We are going after the person
who started this rumor and if we catch
| him will deal with him summar1ly. This
| bow may have overheard the talk. About
that l don't know. But we intend to
sift the matter further and get to the
bottom of it if possible
A boy started the run on the bank.
He is 16 years old and did not know
the serious consequences which might
result from the gossip which he re-
| peated. Walter Patrick is the boy
1 who startled financial circles. He is
employed at the cigar store of George
D. Anderson, at 532 Kansas avenue.
| The boy heard two strangers talking
| abSut the bank on Saturday and un-
derstood one of them to say that the
home and told his mother. She told
J. r. Davidson, her brother, the man
who was the first to withdraw his de-
posit, as announced yesterday.
Mr.. Davidson withdrew s2,500 which
| he had in the institution, and told
| couple of his friends concerning the
rumor.
Then the rumor spread over the
city and small run was started on
the bank. All day Tuesday small de-
| positorS withdrew their savings
Prompt action by the business men
| of the city, however, checked the feel
ing of alarm and this morning there
were no indications of continued un-
easiness and Withdrawals of de-
posits.
bothered any further said J. w.
Thurston, cashier of the Bank of To-
peka.z this morning. We have prac-
/ ticalIy quarter of a million dollars
in currency on hand and can get any
amount we need. We are ready to
are like sheep in a matter of this kind.
| I think that I shall put basket of
nerve food on my desk and let the
people get at that before they reach
the window.
| The discovery of the origin of the
| rumor resulted from the statement
printed in Tuesday evenings State
| Journal that a committee OF business
men and a number of detectives were
busy looking for the person who
started it, Young Walter Patrick be-
came badly scared and straightway
confessed that possibly he was unin-
itentionaIly responsible for the run.
1.-THE boy is the son of George Patrick
He said that the men he overheard
talking were entire strangers to him,
and he simply went home ana tolo
i his mother about 1t.