Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-24
More Clamor for Deposits.

that institution TO-DAY when it opened for
/ business. As the weather was cold the de-
/ Positors were becoming impatient when
Louis Stern, Leading dry goods merchant
and a director. arrived. followed by
string of cars carrying messengers with
/ heavy loads of gold and currency. which
were carried into the bank in view OF the
depositors. Mr. Stern said the company
would pay every Gepositor who wanted
his money.
The United States subtreasury today
put into effect S cretary Cortelyous
promise to make further deposits,
amounting IN all to So. .ooo, 900. with the
New York banks. rs fast as collateral
was offered by the banks the sub.reasury
deposited United States funds with them.
! the supply being maintained by heavy
shipments of currency from the Treasury
at Washngton
Run Began Early.
The line of waiting depositors in front
Of the Trust Company of America at 81
Wall street. formed at o'clock last night.
Nineteen persons two of them women
spent the night in the vestibue of the
building. The first man to take his stand
close up against the glass door was Rich
ard Bloxham of Brooklyn, who arrived
promptly at pm. He was Joined at
by two other men. At 10 o'clock two
women arrived. After they had remained
standing a while in the lobby the janitor
gave them chairs downstairs. where they
could at least be warm. The pair almost
tainted at the suggestion of revealing
their names. "Oh, no, II would be too
awful to have folks know" they ex-
claimed.
The men who We're waiting for their
money had to put up with the best they
could make of the lobby. At midnight
two representatives from New Jersey ap-
peared. AL c. Pritchard of Westwood and
j companion from Orange. Shortly after
ward the watchers closed the outer doors
to make the place comfortable as pos
si5le. Between break downs and
luncnes they managed to keep awake
At 4 O'Clock in the morning two more
women arrived, elderly women of the
working class, who showed plainly the
marks of their worry. From 6 t. the
crowd swelled rapidly. the police giving
the newcomers their places in the line as
they arrived until it stretched down Wall
street to William. Most of the arrivals
were men. Some of them said they were
a
They watched the subtreasury for signs
of the removal of the 5000. .OG0 fund re-
ported to have been put at the di 5posal
of the trust company.
At 9:30 o'clock there were fully 400 per-
sons in the line, which extended down
Wall street to William, through William
to Exchange place, and up Exchange
place almost as far as Broad street.
There were constant additions as time
went on. There were forty policemen to
keep order.
Ready for the Run.
Pre- resdent Thorne of the Trust Company
of America arrived al his office early. He
said: I'VE are prepared to meet a run
If any sZe. We have pra actically all the
trust companies of the city behind us
How much money does that repre-
sent?'' Mr.. Thorne was asked
Anywhere from S25,GD0.OOO up We
have no apprehension at all as to the out
come"
At 10 o'clock the inner doors of the
trust company were opened and fifty
men from the line were allowed inside
The police kept the line in order and
the paying off process went on as rap
new bills was heard behind the bronze
windows, where the bank clerks work
ed in the light of shaded lamps
man would pick up his pile OF yell
low backs. thumb them over rapidly and
tuck them away in his pocket without
even counting carefully, then move
away to give place to the next person.
Foot by foot the line moved up on it
self
The depositors in the Colonial branch
of the Trust Company of America, at
Broadway and Ann streets, seemed not
so uneasy. The line of waiting depos-
itors formed early. however. At 30
I'm the first man arrived, minus his
overcoat. and huddled up to the re-
volving doorway with only a cerfecto
to keep him warm.
The branch opened its doors promptly
at 10 o'clock. Vice President James w
Tappin said that he had no announce
ment to make other than that the bank
would do regular days business from
10 am. until 3 pm. 1t was learned
later that. through the offices of ]. P
| Morgan the Mutual Bank of Broadway
and Bad street, the uptown branch of
the Union Trust Company of 425 5th
pany had decided to back the Trust
Company OF America. A shipment of
currency came In on an early train
from the Pittsburg concern.
Runs Were General.
Just as the line started to enter the
doors of the bank a carriage drove UP.
From 1t two men carrying between them
a bag of con and accompanied by
guard hurried into the building and be-
hind the gratfngs. They came from the
company's head office at 81 Wall street
At the same time number of depositors
came in. One. a representative of a law
| firm down town, made a deposit of S., 900.
! These manifestations did not serve to sat
! isfy those waiting In Inc.
| During the morning those far back in
the line tried different ruses to get close
/ to the window. One man got into the
bank under the pretense of making a de-
posit He placed $40 to his account Slip
ped into line and drew out $500 all he
had. A second I.ian tried the deposit
game, but was detected just as he reach
ed the teller With his money almost in
his hands an officer took him back to the
foot of the line again Small, incipient
runs have been universal and have with
few exceptions, been met In a way that
made those who drew out their money al