New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-10-30
WAL STREET PANIC,
Incidents Of the Run on Trust
Companies In New York.
ALL CLASSES REPRESENTED.

ALL CLASSES REPRESENTED.
Venerable Woman's Unpleasant Ex-
misunderstanding an Anxious De-
positor-Some Humorous Incidents.
Profitable Speculation Of Messenger
Boys.
Wall street has been swarming late
ly like hive of bees when over it
was beaten the gong Of financial ter
ror. Events full Of human interest
have been witnessed during the runs
made by depositors on some of the
large trust companies in New 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 to
accept checks drawn upon the trust
company had made it necessary even
for men with substantial accounts to
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 a few hundred dollars to fifteen
or twenty thousand. OF the hundreds
who were there not more than half a
score Of women were seen, and one Of
these was detective.
One venerable woman who was near
the window found to her horror that
she had made out her check in pencil.
She gave SIS to man standing near
her to take her place while she went
to neighboring desk and wrote her
demand with 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.
She made final argument, however,
and after four hours wait succeeded
in obtaining her money.
One Of the largest deposits with
drawn in the course of the day was
for $25O,O0O, which was taken away
by young man who placed it in his
overcoat pocket and left the place as
unconcernedly as though he had col
lected gas bill
Soon after 10 o'clock the other morn
ing an anxious depositor entered the
Carnegie Trust company and button
holed ex-Secretary Leslie M. Shaw,
the president, who was on his way to
his private Office, says the New York
World.
''Is the company all right?" demand
ed the deposition. care you sure we're
perfectly solvent, Mr. Shawl"
Sound as a rock" answered the
president. mo trouble within a mile
of u.s."
That's good" said the depositor,
relieved expression appearing on his
face. "We can't be too careful of our
interests these days, you know, Mr..
Shaw. That's why asked you"
The president noticed the man stop
at the paying teller's window on his
way out, and he wandered over and
asked that official, els that man large
depositor?'
lets see," said the paying teller,
looking over his desk. ooh, yes.
That's Mr.. James Brown. He had a
balance Of $11.6O, and he just drew
ST.
con 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.
''These men want to get their checks
cashed,' explained lounger on the
side lines.
'They ought to know that bank
won't cash checks in these panicky
times" announced the passerby. ''The
place to get checks cashed is saloon"
"Oh, yes, I've got plenty of time to
talk to you,' said the pretty telephone
girl at the Hotel Knickerbocker the
other night. ''The Wall street crowd
isn't ordering cabs or inviting friends
to dinner tonight. I think they've
gone over to the Waldorf to tell one
another how much money they LOST
Some wag tackled the following
market list near the desk Of one of
the big hotels in New York the other
night: ~ :--p~s-,
Bid. Asked.
Champagne ............... &c $500
automobiles ............... $1,000 $500
Diamonds naT carat IN En