New-York tribune., 1907-10-25
RUN ON LINCOLN TRUST.
al Depositors Paid IN Full
Officials Confident.

There a the main Office OF the Lin
coin Trust Company, al No. aS Fifth avenue
yesterday. but all depositors who presented claims
paid in full from 10 a. m. TO D m. at which
time the doors closed for the day. It was an
nounced that the bank would be open for business
at 10 O'Clock this morning, the usual hour and that
all depositors who wished 20 withdraw funds would
be accommodated There was run the branch
OF the company at Lispenard street and Broadway.
and only small demand for money at the branch
at T2d street and Broadway.
The line formed early at tho main Office. and
eral hundred persons were soon waiting. The pay
ing tellers handled the quietly and there was
no excitement. The officials OF the company did
not to take the affair seriously this asti
tude tended to reassure the waiting depostors.
with the result that many left the line without try
ing 10 reach the paying teiers window
Frank Tilford. president OF the company and the
head OF Park Tiiford assured the depositors that
the institution was not only perfectly solvent but
In particularly strong financial position
suit of having called in numerous loans recently.
Louis Stern. director OF the company. also ap
peared the sidewalk and assured the depositors
that they had nothing 70 fear
eve are paying out money rapidly
handle the people," said Mr. Stern. "An ask is
that will have little patience. We will reach
every one OF you in due time and you shall all
have your money II you want t."
George c. BOldt, OF the Waldorf-Astoria who Is
a director OF the Lincoln Trust Company and a
heavy depositor. mingled with the anxious crowd
not the least danger. "The bank Is perfectly SOL
vent said Mr.. Boldt. "and we will be able to give
every depostor five dollars for every he has on
deposit Since tho closing of the Knickerbocker
Trust Company the people have become panicky
but we are more than sable TO meet all demands
that may be made upon u.s.
Many customers visited the bank during the dav
and made deposits, seeming to take little notice OF
the line or depositors waiting withdraw funds
When the doors OF the main office were closed at
CLOCK the line seemed to be decreasing rather
than increasing. Frederick Phillips, the secretary
OF the company, said after the days business was
over: -
we are having no trouble In meeting all de-
infinus' we are paying all our depostors either in
cash OF oy certified check. We have sufficient re-
sources 10 meet all demands that may be made
on US and We anticipate no trouble In taking care
Oh All our obligations. We have opened several new
accounts to-day and have had considerable money
ueposited despite the apparent fright OF some of
'ne depositors. which Is altogether unwarranted."
me directors of the Lincoln Trust Company are
George c. Boldt. George c. Clark. Robert E. Dow
ling William Felsinger. Harrison T. Gawtry Rob
ert Goelet. Edward T. Hatch John ID Hicks
Charles F. Hoffman, Edward Holbrook Abraham
M Hyatt' Arthur Iseln. Bradish Johnson, CIar-
ehce H. Kelsey, w. De Lancey Kountze George
Leask, Andrew Mills, John z. Num- Morton r.
faAnf- Iamas ouirlan. William eslouaop. q. Aymsx