The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1905-01-13
Five Thousand FrenZied Persons
Crowded Around State Bank
Building, New York.
MOB WAS EXCITED AND UNRULY.
DepOsitOrs Became So Insistant That
That They Broke Down an Iron Rail-
ing Around a Light-Well.
Desperate Clubbing BY the Police Pre-
vented Many People From Being
Crowded Into the HoIe-Offi-
GERS and Women Hurt.

New York, Jan. 12-Three police
men and two Hebrew women were ill
jured in a run on the State bank in
Grant street, in the heart of the bust
ness section of the east side. The
run was attended by some sensational
incidents. The 5000 persons crowded
about the bank became so insistent
that they broke down an iron railing
around a light we'll in front Of the
building and it was only by desperate
clubbing on the part of the police that
the excited and unruly mob was pre-
vented from forcing many of it's. mem
bers into the we'll. The policemen and
women were hurt at that point. The
emergency police detail was finally
called out and policemen were sta
toned at intervals Of five or six feet
for two blocks on either side of the
bank
The cause Of the run was as extra
ordinary as the frenzied character of
the run itself The day before there
was a rush of depositors to get their
money into the bank in time to begin
to draw interest at once and the long
line of waiting depositors convinced
the excitable Hebrews that something
was wrong with the institution. Five
hundred persons waited in front of the
building all night and their number
quickly swelled to 5000 when the bank
opened in the morning, though not all
Of that number were depositors.
The Bank Has Ample Funds.
The bank, which has deposits of
$10,500,000 and a cash reserve of $4,-
100000, and which, Cashier A. I. Voor-
his said, earned PA per cent. profits
last year, sent down street for money
early. in the morning and $25O,OO0 was
brought by the wagon load, largely in
specie AT the sight of money those
waiting became only more impatient
to get it. The bank officials paid de-
positors off as fast as the operation
could be conducted. In all, the bank
paid out $4,000 and received in de-
posts $4,000.
Remarkable scenes attended the
paying off within the bank The Off
GERS paid off in two-thirds specie and
one-third bills, and some of the deposit
tors were fairly overwhelmed by the
amount of currency thrust upon them
when they passed in their books I'M
mediately upon getting their money
into their hands and becoming COLI
WINGED that, the bank was able to pay
them, the frantic Hebrews became
equally anxious to get their money
into the bank again, and several of
them created scenes when the officers
refused to accept it.
Depositors Paid in Specie.
The depositors were paid in specie
to prevent re-deposit, as this was
the sixth run the bank has experienced
from equally trivial causes.
One of the aged depositors received
60 pounds of silver and staggered I'M
der the load when he carried it away.
Women swept their accumulated saw
ings into shawls, aprons and their
outer skirts held in the form of aprons
and got through the crowd as best
they could.
Payment OF depOSltorS was made up
to o'clock at night Officers of the
bank declare it is absolutely sound
and can secure 100000 at an hours
notice. 1t received many offers of help
and declined most of them.
OF the five previous runs on this
bank. one was started by fire. an
other by fight, third by a rumor
in the Bryan campaign that silver dol
lars were to be cut in half. fourth
by the Spanish-American war and a
fifth by the failure of bank in Ne
braslKa. There was also run on a
branch of the State bank in Brook
Ign.