The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-11-14

felerrluN 70 Dis slUpI0fiy.
This failure caused tremendous
furry ~ banking circles II was but
natural that questions concerning the
stability Of oriier banks should be ask
ed. and itwas not long before many
Wild, disquie3ing reports were afloat
Anxious deposltors rushed into the
big banking institutions and then rush
ed out again. partially assured that
there was no danger The newspapers
sought to allay the fears Of the peo-
pie, but there were many TO whom
fear became panic There were short.
wilu runs on some OF the smaller
banks, but all were In q fair way to
restore confidence when out came the
rumor that the Bank OF Manhattan Is
land was in trouble Colonel Prentiss
Drew. railroad magnate, was the presl-
dent OF this bank.
When the bank opened for business
on the Tuesday following the failure
there was a stampede of frightened
deposltors. Before II O'clock the run
had assumed ugly proportions. and no
amount Of argument could stay the on
slaught Colonel Drew and the direct
ors at first mildly distressed and then
seeing that the affair had become Sc
rious, grew more alarmed than they
could afford TO let the public see The
loans OF all Of the banks were unusu-
ally large Incipient runs on some had
put all of them in an attitude Of eau
tion, and there was a natural reluc-
tance to expose their own interests to
jeopardy by coming to the relief Of
the Bank Of Manhattan Island.
Monty Brewster had something like
100000 in Colonel Drews bank He
would not have regretted on his own
account the collapse of this institution.
but he realized what 1t meant to the
hundreds Of other depositors. and for
the first time he appreciated what his
money could accomplish Thinking that
his presence might give confidence 80
the other depositors and stop the run,
he went over TO the bank with Harri-
son and Bragdon. The tellers were
handing out thousands Of dollars TO the
eager depositors His friends advised
him strongly to withdraw before it was
too late, but Monty was obdurate They
set II down TO his desire TO help Barba-
ra's father ard admired his nerve.
Il understand. Monty" said Brag-
don, and both he and Harrison went
among tie people carelessly asking one
another If Brewster had come to with
draw his money "No. he has over
100000, and he's going to leave IT,"
the other would say
Each excited group was visited in
turn by the two men, but their assur-
ance seemed to accomplish but little.
These men and women were there to
save their fortunes; the situation was
desperate
Colonel Drew. outwardlv calm and
serene, but inwardly pcrturbed, finally
saw Brewster and his,companions. He
sent messenger over with the request
that Monty come to the presidents pri-
yate Office at once.
"He wants to help you to save your
money cried Bragdon In low tones
THAT shows it's all up"
"Get out every dollar Of il, Monty.
and don't waste a minute. It's a smash
as sure as fate" urged Harrison. q
feverish expression in his eyes
Brewster was admitted to the colo
nels private Office. Drew was alone
and was pacing the floor like Gagged
animal
Sit down, Brewster, and don't mind
If seem nervous. or course we can't
hold out, but 1t is terrible, terrible,
They think we are trying to rob them.
They're mad-utterly. mad"