Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1905-01-12
RUN ON A BANK.

Three policemen and two Hebrew wo-
men were injured 10 a run on the State
Bank in Grand street, in the heart Of
the business section of the East Side Of
New York, yesterday. The run was at
tended by some sensational incidents.
The 5000 persons crowded about the
bank became so insistent that they broke
down an iron railing around light well
in front of the building, and it was only
by desperate clubbing on the part of the
police that the uuruiy mob was prevent
ed from forcing many Of its number into
the well. The policemen and women
we're hurt at that point. The emergency
police detail of the Delaney street
station we're finally called out and police
men were stationed at intervals Of five
or six feet for two blocks either side Of
the bank.
The cause Of the run was as ex-
traordinsry as the frenzied character
of the run itself. On Tuesday there was q
rush of depositors to get their money into
the bank in time to begin to draw inter-
est at oncs, and the long line of waiting
depositors convinced the excitable He
brews that something was wrong with
the institution. Five hundred persons
waited in front of the building all last
night, and their number quickly swelled
to 5000 when the bank opened yester-
day. though not all of that number we're
depositOrs.
The bank, which has deposits of slO,-
500, 900 and cash reserve of 81, 900, 900.
and which, Cashier A. /. yoorhis said,
earned PA per cent. profits last year,
sent down the street for money early
yesterday and $3.50, 600 was brought by
the wagon load, largely in specie. At
the sight of money those waiting be-
came only more impatient to get at it.
The bank officials paid depositors off as
fast as the operation could be conducted.
In all the bank paid out yesterday
$55, 600 and received in deposits
$40, 600.
Remarkable scenes attended the pay
ing off within the bank. The officers
paid Of in two-thirds specie and one
third in bills. and some OF the depositOrs
we're fairly overwhelmed by the amount
of currency thrust upon them when
they passed in their books. Immediately
upon getting their money into their
hands and becoming convinced 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. The depos-
itors we're paid in specie to prevent re-
deposit, as this was the sixth run the
bank has experienced from equally triv-
ial causes.
One of the aged depositors received 60
pounds OF silver and staggered under the
load when he carried it away. WolnsH
swept their accumulated savings into
shawls, aprons aud their outer skirts,
held in the form of aprons, and got
through the crowd as best they could.
Payment OF depositors was made up to
o'clock last night. Officers of the
bank declare it is absolutely sound and
can secure $4,000, 900 at an hours
notice. 1t received many offers of help
yesterday and declined most of them.
OF the previous runs on this bank, one
was started by fire, another fight, a
third by rumor in the Bryan campaign
that silver dollars were to be cut in hall,
a fourth by the ,Spanish-American war
and fifth by the failure of a bank in
Nahroska