New-York tribune., 1907-10-27
M4NH1TT4N RUNS ABATE.
Nearly Ill Demands IRE Paid and
Excitement Is Subsiding.

With the exception OF runs On the Broadway
Trust Company and the Northern Bank OF New
York. yesterday morning, the latter attended by
disorder at the close. and tho continued but do
creased tho Lincoln Trust Company tho
bank situation much improved and there were
no further suspensions reported I'm Manhattan
The situation in Harlem and The Bronx showed
improvement also. The reflex Of the restored con
fdence in Wall Street was apparent In the reduced
crowds at the Harlem Savings Bank and the Dollar
Savings Bank In The Bronx. where there have been
runs.
The on the Northern Bank. az Broadway and
4th street resulted in the arrest or depositors
who refused to leave tho bank when e closed at u
o'clock, as allowed by law. When Henry Dipse
president OF the bank. closed the doors. he said
This bank IS solvent. but We cannot pay OF any
more to-day"
line Of four hundred depositors extended AZ
that hour from the paying teller's window 30 tho
street. Henry a. Belden. the cashier. came out
and asked the depositors to leave the building
When some Of them refused Mr Drnse teIephoned
for the police. out the depostors stubborn
and the police had easy work In dispensing them
Eventually all OF them left except the two men
who were arrested
The Northern Bank has a capitalization OF 500 oOO
and surplus and undivided profits Of So3aI
Tho the Broadway Trust Company, at No
756 Broadway, not far from the Northern Bank
began at the opening Of business An hour after
the doors opened the line contained three
hundred and Et{y patrons. As the line grew Fred
erick q. Lee vice-president, announced that the
company would honor for the day only demands
that needed for payrolls.
I'VE are solvent. but must have time" lie
said
Many Of those waiting were there to draw money
to pay off employees Of nearby factories. and the
money was sent TO them in the afternoon. NJ. VI
Belding jr., president OF the company. said that
s.. 10000 had been paid out in the week. He added:
up te this minute have paid of every demand"
The Broadway Trust Company is capitalized at
100000 and has deposits of $i,05T.444. More than
two-thirds OF the deposits have been withdrawn,
Mr.. Bedding said.
The Harlem Savings Bank continued paying all
small accounts, having availed itself the day before
Of the sixty-day clause accounts OF than
800. Tho closing OF the doors at the usual hour
left about one hundred depositors in line.
The readiness with which the Dollar Savings
Bank in The Bronx has met all demands since the
began Wednesday had its good effect. and
while not altogether checked the demand much
diminished. Men and had remained all
night in the line in front OF the bank and some OF
the latter were nearly exhausted. The bank did not
close at noon at usual yesterday but remained
open until O'Clock, up to which time thousand
accounts had been closed, representing half OF the
100000 cash on hand
The excitement of a few days ago In Wall street.
caused by the the Trust Company OF
America, altogether absent yesterday. The all
night crowd was much smaller and the paying out
went on with reasonable rapidity. The company
received $500, 900 in deposits
OalxleIgh ThOrne. president OF the company said:
THE institution occupies stronger position at
the end of this day than It did before"
Colonel Heman Dowd. the vice-presdent. said:
1.-THE number of withdrawals fewer to-day
than we expected, and the deposits greater than
expected"
The situation at the Colonial branch OF tho Trust
Company of America much the same as at
the main office. At both the main office and the
Colonial branch the payments made up to
the usual Saturday closing hour
There were two hundred in line when the Lin
coin Trust Company closed its days business
Louis Stern, of the directors, the institu-
ton would meet every demand.
Some of those in line when the bank closed were
still there last night, apparently with tho inten-
ton OF remaining until Monday
When the Empire City Savings Bank at No 2Sl
West 125th street opened its doors there were
four women and one ready to hand in their
passbooks for withdrawals.
The Hamilton Bank remains closed as do the
United States Exchange Bank and the Twelfth
Ward Bank all in 125th street
There was a small run the Bank for Savings,
at Fourth avenue and I'D street, but it was not
as heavy on the two previous days. The bank
has demanded sixty days notice CT withdrawal
for large accounts.
At l o'clock this morning there were fortv-fva
persons waiting outside the Lincoln Trust Com
pany. in Fifth avenue They had numbers TO show
their places in line, and for the part walked
to and fro to keep warm, for the night was cold
and raw. Some of them said they had received
promises OF so apiece TO wait for the opening of
the trust company.
Outside the Trust Company of America in Wall
street. were twelve men. with numbers in their
hats. waiting for the opening of banking hours To-
morrow. Some had blankets to keep out the cold
The Colonial branch OF thu Trust Company OF
America "