Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-08-23
CHAPTER XIII.

cial Affairs had wln0Iail. Ouc
i Of the banks in which his money
was deposited failed and his balance
of over 100000 was wiped out Mis-
management was the cause, and the
collapse came on Friday, the 18th
day of the month Needless to say, 1t
destroyed every vestige of the super
stition he may have had regarding
Friday and the number thirteen.
Brewster had money deposited In
five banks, o. transaction inspired by
the wild hope that one Of them might
some day suspend operations and
thereby prove legitimate benefit to
him. There seemed no prospect that
the bank could resume operations, and
IL the depositors IN the end realized
20 cents on the dollar they would be
fortunate Notwithstanding the fact
that everybody had considered the In
stitution substantial there were not a
few wiseacrcs who called Brewster
fool and were so unreasonable as to
say that he did not know how to han
die money. He heard that Miss Drew
in particular was bitterly sarcastic In
referring to his stupidity&
This failure caused a tremendous
furry in banking circles. 1t was but
natural that questions concerning the
stability Of other banks should be ask
ed, and 1t was not long before many
wild, disquletlng reports were afost.
Anxious depositors 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-
ple, but there were many to whom
fear became. panic. There were short,
villa runs on some of the smaller
banks, but all were in 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 prest-
dent Of this bank.
When the bank opened for business
on the Tuesday following the failure
there was stampede Of frightened
depositors. Before IL O'Clock 1the 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. 1ncipient runs on some had
put all Of them in an attitude OF eau
ton, and there was natural reluc-
lance to expose their own interests to
jeopardy by coming to the relief OF
the Bank Of Manhattan Island.
Monty Brewster had something like
$500, 900 in Colonel Drew's 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 deposltors, and for
the first time he appreciated what his
money could accomplish. Thinking that
his presence might give confidence to
the other depositors and stop the run,
he went over to the bank with Harri-
son and Bragden. The tellers We're
handing out thousands Of dollars to the
eager depositors. His friends advised
him strongly to withdraw before 1t was
too late, but Msnty was obdurate. They
set 1t down to his desire to help Barba-
ra's father and admired his nerve.
II I'll srstand, Monty" said Brag-
don, and both he and Harrison went
among the people carelessly asking one
another II Brewster had come to with
draw his money. "No, be has over
$780, 200, 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, outwardly calm and
serene, but inwardly perturbed, finally
saw Brewster and his companions. He
sent messenger over with the request
that Monty come to the presidents pri-
vate 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 it, Monty,
and don't waste minute. It's smash
rs sure as fate" urged Harrison, a
feverish expression in his eyes.
Brewster was admitted to the colo
nel's private Office. Drew was alone
and was pacing the floor like a Gagged
animal.
"Sit down, Brewster, and don't mind
II seem nervous. OF course we can't
hold out, but it is terrible, terrible!
They thiEk we are trying to rob them.
They're mad-utterly mad"
II never saw anything like It, colo
mel. Are you sure you can meet all
the demands?" asked Brewster, thor
oughly excited The colonel's face was
white, and he chewed his cigar nerv-
ously
1--WE can hold out unless some Of our
heaviest depositors get the fever and
sweep down upon U.S. l appreciate
your feelings in an affair of this kind.
coming 80 swiftly upon the heels Of
the other, but want to give you my
personal assurance that the money you
have here is safe. l called you in to
impress you with the security of the
bank. You ought to know the truth,
however, and I will tell you in conf
dence that another check like Austin's,
which we paid few minutes ago,
would cause us serious though tempo
rary embarrassment"
81 came to assure you that have
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