Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-11-08
WALL | | STREET: / PANIC,
Incidents OF the Run on Trust
Companies In New York. B
ALL GLASSES REPRESENTED,

All CLASSES REPRESENTED,
Venerable Woman's Unpleasant Eek
NJ. perienee--R eassuring an Anxious De-
positorSome Humorous incidents
Profitable Speculation Of Messenger
Boys. 81 !
Wall street has been swarming late
ly like hive of bees when over II
was beaten the gong Of financial ter
ror. Events full of human interest
have been witnessed during the runs
made by deposftors on some of the
large trust companies in Nesss York
Something of the stress and uncer.
tainty had been expected in the street
and in the early hours Of the morning
the police moved to their posts and
prepared for the reception Of the de
positors Of the Trust Company OF
= America. says the New York Herald.
All classes of depositors were repre-
scented. for the refusal Of the banks tc
accept checks drawn upon the trust
company had made it necessary even
for men with substantial accounts tc
present their checks In person at the
window. Large depositors there were
in plenty, but for the most part those
who stood before the paying teller had
comparatively small accounts, running
from few hundred dollars to fifteen
or twenty thousand. OF the hundreds
who were there not more than half
score Of women were seen, and one OF
these was a detective.
One venerable woman who was neal
the window found to her horror that
she had made out her check in pencil.
She gave SIS to a man standing nea1
her to take her place while she went
to a neighboring desk and wrote her
demand with a pen. When She re.
turned her proxy was nowhere to be
seen, and she had to go to the end OF
the line. where she still stood when
the gong sounded for the last payment.
sShe made final argument, however,
and after four hours wait succeeded.
In obtaining her money. s
One Of the largest deposits with.
drawn in the course Of the day was
for $25o.0o0. which was taken away
by a young man who placed it In his
overcoat pocket and left the place as
unconcernedly as though he had col.
lected a gas bill.
Soon after 10 o'clock the other morn.
ing an anxious deppsitor entered the
Carnegie Trust company and button.
holed ex-Secretary Leslie NJ. Shaw,
the president, who was on his way to
his private office. says the New York
World.
is the company all right 2" demand.
ed the depositor. Are you sure we're
perfectly solvent, Mr. Shaw n
2 Sound as a rock, answered the
president. "No trouble within a mile
of u.s." g8.
That's good" said the depositor, a
relieved expression appearing on his
face. I'VE can't be too careful Of our
interests these days, you know, Mr..
Shaw. That's why / asked you.'''' S8S
The president noticed the man stop
at the paying teller's window on his
way out, and he wandered over and
asked that official. rs that man large
depositorT' .s.
Let's see,'' said the paying teller.
looking over his desk. tsOh. yes.
That's. Mr.. James Brown. He had a
balance Of SLIGO, and he just drew
ST.
ION the side lines" among the men
who lowered on the outskirts Of the
long line of anxious depositors the
other day, many airy remarks were
passed by those whose money was In
no jeopardy. A passerby asked the
meaning of the crowd before the Trust
Company of Americas doors in Wall
| street. :ls..
These men want to get their checks
cashed, " explained a iounger on the
side lines.
They ought to know that a bank
won't cash checks in these panfcky
times, announced the passerby. "Ths
place to get checks cashed is saloon
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