Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-26
NOW ONLY A TR|CKLE
Worst of the New York Bank
Run Has SubsiGed.
WITHDRAWALS DECREASE
Some Belated But Timid Ones Still
Stand in Line.
SAVINGS BANK PRECAUTIONS"
Criticism of the Managers Is Tenn
pered With Commendation-Re-
storing Confidence.
SAVINGS BANK PRECAUTIONS


Special Dispatch TO The star
NEW YORK. October oG-With the
marked abatement yesterday in the runs
on the trust companies. which have been
paying out money to timid depositors
since Wedu sday morning the officers of
the concerns looked today for con-
tinued elimination that would bring the
request for Withdrawals down to tha
normal. OF course there were the usual.
though smaller. crowds awaiting the OPEN
ing Of the doors this morning and the
same crowds assurance was given that
all demands would be paid. AT the offices
OF the Trust Company of America. where
only S2.pu0. COO wa paid out yesterday as
compared with s12,ooo,oo0 on Wednesday
and s9.00N.C0O on Thursday the officers
were confident that the furry, far
the run was concerned was about over.
The reformation of the line at the com
panys offices at 81 Wall street began less
than two hours after the close of -bus:n ess
yesterday. The first man took his stand
in front o the door at 4:45 and at 6
O'Clock ha had nineteen to keep him com
pany Two Young women, numb rs -
and - in the line. went picket duty at
IL o'clock last night.
At the Colonial branch of the trust
company. on Thursday night, the num-
ber of all-night vigiants was much
smaller than at the company's headquar-
tiers. Five stuck it out from last evening
and twD of these spent the night in the
corridor within the revolving doors. Both
were said to be bankers representatives.
AT 6:@o O'Clock this morning there We're
only fit en- in line.
Al the Lincoln Trust Company's 9Th
avenue entrance there were several OF
those who failed TO get admitted when
the doors swung shut yesterday afternoon
who remained in their places all through
the afternoon. being joined late in the
evening by G Sew more, while this morn
ing at sunrise the line was considerably
lenS thened.
Deposit Brokers'
Al the Dollar Savings Bank. 1i7th street
and 81 avenue, where run started sew
eral days ago line of some length form
called themselves brokers" went down
the line Offering to take over the ac
counts of any anxious ones at 10 cents on
the dollar. spot cash, but they found few
takers
At the Harlem Savings Bank, where the
officers announced yesterday that they
would take advantage of thirty days
notica, "as protection to the depositors, "
there were only few persons collected
Following the suspension of some small
Brooklyn banks because of the lack of
ready cash in the present financial situa-
tion. there were depos!tors at the doors
of some OF the trust companies and banks
there this morning prepared 10 withdra u
their accounts.
one line formed outside the Union
branch of the Mechanics and Traders
Panh in tho Temple Bar building. This
bank has ten branches distributed
throughout the borough The line began
to form outside the bank at $50 O'Clock
when between thirty and thirty-nve per-
sons took their places before the doors.
Another Iiue formed outs de the Nassau
TrUsJ COmpany's building at Fulton street
and Red Hook lane As carly as 7:45
c.eCh there were Il few persons in front
OF the doors.
The dcpOSitoTs also gathered OUTSIDE
the Brooklyn Savings B INK, at Pierepont
and Clinton streets the second largest
bank in brooklyn. There was a rush of
depDs5to.s 10 that bank yesterday after
UOUa. ana tE.s morning 1T > o O'clock thers
were b@twc- y fifteen aud twenty persons
outside lis door.
Tho executive committee of the clearing
housa association this morning ISSUED a
call tOr meeting of the full association
to be held at u O. clock 10 decide whether
or not 10 issue clearing house Ccrt.tiCates
James !. Woodward. chairman of the
clearing house con- mittee. said that ths
situation today q pended largely upon de-
VylGpmynlS among the Brooklyn banks
Soon after arriving al the Subtreasury
this morning Secretary Cortclyou had u
conference with George W. Perkins of j
r Morgan q co. Air. Perkins subse-
quentiy said, The atmosphere is fast
clearing up. any one can see"
NJ Perkins was asked if he thought
thIs would be the last day of the financial
dlihcL.ty. lie replied. II think il is
James Sullmau- tnis morning after the
confcrenc" Al the clearing house said:
The situation has been saved by the
heroic action of the Secretary OF tn.
Treasury. VINO has been so ab.y assisted
by tae wHo!e-hedrted cooperation OF Mr.
Morgan