The daily morning journal and courier., 1905-01-12
PERSONS INJURED IN
 RUN ON NEW YORK BANK
EAST SIDE IESTIIbTIoN BESET
 BY 5000 DEPoSIToRS.


 Five Hundred Wait fin Front of Building
 All Night-RemarISable Scenes Att
 tend the Run-Frantie Hebrews on
 Getting Their Money Attempt to Re-
 deposit it-Institution Apparently
 S0und-Has Deposits of s1O,5O0,O00
 and n Cash Reserve of s4,oo0.O0o. New York, Jan. 11.-Three policemen and two Hebrew women were injured
 in run on the State bank on Grand
 street, in the heart of the business sec- tion of the East Side, to-day. The run was attended by some sensational inci- ! dents. So great did the crush of 5000 persons who thronged about the bank become that they broke down an iron
 railing. around light we'll in front of the bank, 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 its num- Der into the well. The policemen and women were hurt at that point. The emergency police detail of the Delaney street station were finally called out, and policemen were stationed at inter- vals of five or six feet for two blocks either side of the bank. The cause of the run was as extraor- dinary as the frenzied character of the run itself Yesterday there was a rush of depositors to get their money into the bank in time to begin to draw in terest at once, and the long line of waiting depositors convinced the seXcit- able Hebrews that something was
 wrong with the institution. Five hun dred persons waited in front of the
 building all last night, and their num-
 Der quickly swelled to 5000 when the
 bank opened to-day, though not all of | that number were depositors
 The bank, which has deposits of s10,- 500,000 and a cash reserve of $4000, 900, ! and which, Cashier A. I. Voorhis said, earned PA per cent. profits last year, ] sent for money early to-day and s250,- 600 was brought by the wagonload,
 largely in specie. At the sight of it i those waiting became only more impa- tient to get at it. The bank officials proceeded to pay them off as fast as the operation could be conducted. In all; the bank paid out to-day s55.OoO and
 received in deposits s44O,00O.
 1 x While the rush was at it's height the
 crowd pressed so hard against the iron railing around the area in front of the i bank as to bend the iron bars and tear
 them from their fastenings in the
 stoneWork By vigorous clubbing the
 police drove the throng back from the
 danger point, but three policemen were pinned against the railing during the 1 struggle and badly hurt. Two women 1 who also were badly hurt refused to
 drop out of the line to be taken to, the
 hospital for treatment, so anxious were
 they to secure possession of their
 money. .'@ x. sa 1 Remarkable scenes attended the pay 1 ing off within the bank. Payments
 were made two-thirds in specie and
 one-third in bills. and some of the de-
 positors were fairly overwhelmed by the
 amount of currency thrust upon them when they passed in their books. Im-
 mediateiy upon getting their money 1 into their hands, and becoming con
 vinced that the bank was able to pay
 them, the frantic Hebrews became I equally anxious to get it into the bank
 again, and several created scenes when
 the officers refused to accept their de-
 posits. se@i
 Some of the depositors implored the bank officers on their knees to accept
 the money. The officers had orders to
 refuse and had paid the depositors In
 specie to prevent a re-deposit, as this
 was the sixth run the bank has experi-
 eneed from equally trivial causes. 1 One of the aged depositors received ! sixty pounds of currency and staggered
 under the load when he carried it away.
 Women swept their accumulated sav- ings into shaWls aprons and their out
 CT skirts held in the form of aprons,
 and got through the crowd as best they
 might.
 1 Late this afternoon, when the last of the women i'll the line of waiting depos- i itors was paid off, the men were admit | ted. They came in with such a rush as to almost rip away a heavy railing
 about the windows. The police sup pressed the disorder.
 Officers of the bank declare it is ab-
 solutely sound and can secure $4,O00, 900
 at an hours notice. It received many
 offers of help to-day and declined most of them.
 Of the five previous runs on this bank
 one was started by a fire, another by a l fight, a third by rumor in the Bryan campaign that silver dollars were to be
 cut in half, a fourth by the Spanish
 American war; and fifth by the fail-
 ure of bank in Nebraska.
 ] There was small run also upon I branch of the State bank in Brooklyn 1 to-day.
 Payment was made to depositors up | to o'clock tonight