New-York tribune., 1907-10-25
IN LINE ALL NIGHT.
Depo&tors Besiege Doors of Trust
Com PAM of 1mer1ca.

The run at the main offices Of the Trust Com
pany of America and at its branch. the Colonial
Trust Company in the ST. Paul Building. continued
throughout the day yesterday. though the attitude
of the waiting depositors toward tho company was
noticeaby less suspicious and belligerent than on
Wednesday. 1t scarcely six hours after the
anxious depOsitors had been dispersed at the
regular closing hour on Wednesday when they be
gan 10 reassemble at both Offices eager 20 get a
favored position in tho line pending the reopening
Of business yesterday.
AS early as 10 o'clock Wednesday night men
and women who had deposits In one Of the
branches OF the trust company began to arrive in
Wall street and IN front OF the st. Paul Building.
When the first comers. most OF whom had stood in
vain in line for six hours Wednesday.
appeared the scene there was halt in front Of
each Office.
They hesitated. however for n short while 10
take up a stand IN front Of the Offices but
as they saw they had company there was recur-
renee OF courage. and by the time the Trinity
chimes striking midnight there were small
lines formed both in front OF No. 81 Wall street
and the Ann street corner OF the St Paul Build
ing In expectation OF such a happening police
man from the John street station was on duty at
the Wall street Office all night. and from the
Oak street station the St Paul Building. The
line in Wall street, which had included fifteen
and women at midnight. had increased to almost
hundred at o'clock yesterday morning. and when
the company opened its doors for business II
included fully twice that number Of depositOTs. and
corner into William street At the Colonial Trust
Company branch there fifteen depositors in
Guiding several women, at o'clock yesterday
morning. When the branch opened its doors at 8
O'Clock several hundred depositors in the line
that extended through Ann street to Fulton.
The morning newspapers were I'm great demand
with the early comers. and the reassuring state
ments contained in the extra headlines servad
to improve the humor OF the crowd, Still, none
showed any inclination to yield up tho coveted
he NJ nj
while there was a good chance TO get at tho pay
ing telers windows.
Chief Inspector Cortrght was again in charge in
Wall street yesterday but the forty patrolmen
and the mounted men had much less to do than on
the day before in preserving order Traffic OF
vehicles in Wall street between Broad and William
was suspended by order of the police. Progress
toward the doors OF the trust company was some
what quicker than on Wednesday and this fact
aided greatly in allaying the anxiety OF deposltors
Arrangements were made early in the day to
admit groups OF nifty depostors at time and as
soon as batch disposed OF another was let
in. At time in the morning tho line stretched
around william street and along Exchange Place
well toward Broad street Everybody who had
no place in the line who could not give inn
mediate and good for standing about was
kept on the hustle. By o'clock the line had
dwindled until its end rested near the corner of
Wall and William streets and at the hour Of
closing 3 o'clock. the end had turned around Will
positors were turned away.
Not a few OF those waiting to get a chance to
make withdrawal from the trust company present
ed checks drawn the company. but which, the
holders asserted, their own banks had refused to
honor IN the present crisis. There much in
dgnant protest when because of lack Of proper
Identification, the officials OF the trust company
refused to honor these claims. but the news Of the
companys action helped to many vacancies
In the line
Philip S Babcock, vice president of the Trust
{ ornpany of America, said last night that exact
statement of the amount paid out TO depostors
during the day would be given. Mr. Babcock said,
however, that ii would not be nearly large as
that paid out Wednesday. The total of the
claims presented had been smaller than the
preceding day. said Mr.. Babcock. While he looked
for a continuance of the this morning. every
claim would be honored. Vice President James w
Tappin was at the Colonial Trust branch of the
company promptly at the opening yesterday morn
ing and remained there till late in the afternoon
Mr. Tappin said business would go in the usual
WAY and was optimistic to the outlook as
lIr. Babcock
Al both branches payments We're made from two
windows, but several hundred depositors failed 10
get inside the Colonial Trust branch before the