Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-01-12
RUN ON BANK.
Depositors Fear for the
Safety Of Their Cash
And Withdrew Funds from n
Y. State Bank.
Police Have Hands Full in Crush of
5000 Persons-Bank Solvent.

New York. Jan. 11.--Three policemen
and two Hebrew women were injured
in a run Oh the state bank in Grand
street. in the heart of the business sec
ton Of the East side. today. The run
was attended by some sensational in
cidcnts. SO great dd the crush "f
5000 persons, VINO thrOnged about the
bank. become that they broke down an
iron railing around a light we'll in
front of tI. bank ard il vas only by
deSpcrat. clubbing ON the part of the
police. that the cNct, Il ana unruly mob
was prevented from forcing many Of
its numbcd into the well. The police
men and women were hurt AT that
Point. The emergency police detail of
the Delaney street station, We're
finally called out and policemen were
stationed Ell intervals Of f;ve or six
feet for two blocks either side Of the
bank.
ihc cause OF he run was as extra
ordinary. as N q cEZ:sl character Of
the run itself Yesterday thor" was Il
rush # |epo|itorS - ct their m0i"T
i,tn the bank. IL ,imc to begin to draw
intcrcet ut nn".. and the long line of
wa!ti..S drpns,:n's convinced 'he c*-
citablr Hebrews that something was
wrong with III. i!,stit,.IiOn. Five hun
drcl 'rrsoHs waited in font Of the
hUilli!C all last night. and their num-
b"r quickly sNrllcd to 1000 when the
bank opened. today. though not all OF
that number were d''rositors.
The bank. which mas deposits OF So
SOC. 900 and a cash reserve of si.0O0.QG0.
I, a
earned "a per cent profits last yea.
went for money carly. today. and so
GOO uas brought by Inc wagon load.
largely in Spesi.. At the sight OF II
these waiting hccaln" cnIy more inn
patient To get At it. TIE hank official :
r"ocerleG to pay th"t1 c.T as fast "a
In" "nc"ation Gould BE- coliiucted. In all
TIE bank paid ont. today $55,0cn. and
received in deposits $1,000.
While the rush was at is height. til,
crowd pressed 50 hard against the iron
railing around the area in front OF ths
bank that the iron bars were torn from
their fastcrnGS in the stone work. +!
vigorous clubbing, the police drove tn.
tir"nE tack from the danger point. hut
thr"" policemen were pinned against the
railing during the struggle and badl!
hurt. Two women who also were badly
hunt refused I" drop ont "i the line e
II" taken 10 the hospital tor Treatment
80 anxious wcrc th,y to secure possession
OF thcir money.
Hc'narl:able scenes attended III" paving
OF within the bank. Immediately upoi
getting their money into their hands, ant
becoming convinced that the bank WI
able to pay them the frantic Hebrews
bctaplc equally anXiuu' to ltt it into thu
lark again. Some OF the dcDOSitorS i'm
IIcr"d III" iank officers ON thcir knees t,
accept the money. The Officers had ord, +.
to- refuse. ANA had paid the dcpOSt"rS !!
specie to prevent q re-dcpoSit. as this Wa:
the sixth run the bank has cHp, ric lcctl
from equally trivial causes
Payment of dopositorS was made up Il
q o'clock tonight. Officers of the bank
declare It IS nj soiuteIy sound AMI can So
cnr" si.W0%D at an hours notice. II re-
c"ivcd many offers of help today. and de
Clirc, most of them.
There was Il small run. also upon /;
branch Of the State Eank Ill brooklyn
today.