The Pensacola journal., 1907-05-05
All Depositors Paid in Full
By Institution Upon
Demand.
OF THOSE DOING
BUSINESS WITH BANK OF YBOR
CITY CROWDED THE BUILDING
IN AN EFFORT TO SECURE
POSSESSION OF THEIR FUNDS.
The Tampa Times saws:

The Tampa Times says:
Resulting from an absurdly foolish
and groundless rumOr to the effect
that the institution was insolvent, a
sensational run was this morning i'll
augurated upon the savings depart
ment of the Bank of YbOr City, and
from the time the bank doors opened
until afternoon hundreds of deposi-
tors in the savings department jostled
each other in and around the building
in the effort to secure their deposits.
A similar scene was never enacted
in Tampa before, unless it was after
the failure of the old Gulf bank, in
which there was not enough left for
run, many years ago.
Depositors Paid.
No sooner had the run been inau-
gurated than every possible prepara-
tion was made to pay the money out
as rapidly as possible, and the nin-
BILE fingers of the clerks worked with
lightning like rapiaity as they an
swered the increasing demands of the
crowd, composed mostly of foreign
ciearmakers and laborers, which
thronged the bank building and side
walk and street outside. President
John Trice of the Citizens Bank and
Trust company. who is also president
of the Bank of Ybor City, was soon
on the scene and gave instructions
that every man who demanded the
amount of his deposit should be given
same as quickly as possible, although
according to law, savings depositors
have to give a notice of sixty days
before they can withdraw their de-
posits against the wishes of the bank
officials.
Couldn't Stem Tide.
Is + zTTzrr
hours, the crowd constantly increased
in number, and considerable excite
ment prevailed. As stated, the only
demands made came to the savings
department, and the leading business
and. professional men and county
offices in Ybor Joined hands in at
tempting to make the excited labor
ers realize the foolishness OF the ac-
tions Quite a number of business
men who did not even patronize the
bank were among the number OF
workers, and as a result large num-
Der of depositors left knowing that
their savings were safe. a majority
however, demanded their money and
got it.
Trice's Statement.
A representative of the Times. who
appeared on the scene when the run
was at it's fullest height asked Presi-
dent John Trice for a statement re-
garding the incident, which was read
lily given as follows:
The run resulted entirely from an
absurd rumor TO the effect that the
bank was insolvent, and | have no
idea where the rumOr originated. Per
sons desiring the injury OF the lnsu-
tuition were probably responsible for
the starting of the rumor, but | have
no information in this regard. Al
though the experience is at present
an annoying one. it will eventually re-
dound to the benefit of the institution,
as the ready answer to the demands
of depositors in the savings depart
ment will serve to show the strong
character of the bank.
THE run is entirely on the savings
department, and every cent demanded
will be paid out readily. l have re-
ceived offers of aid from practically
every bank in the downtown district,
but these kindly offers have been re-
fused with thanks. The Bank of Ybor
is to-day capable not only of meeting
every demand made upon the savings
department, but il absolutely every
depositor in the institution should ap-
ply for his money it would be given
to him. The Bank of Ybor is now
run of any character, and the run
can extend to the Citizens Bank and
Trust company, which will at all times
stand behind the Bank of YbOr, the
success of which has been phenome-
nal since the day the doors were
thrown open to the business public
of this progressive section of our city.
Where one dollar is being with
drawn from the bank to-day. contin-
ued Colonel Trice. three dollars are
being deposited, and the incident will
all the more strengthen the bank and
place it on higher plane than ever.
AS an illustration of the truth of
Colonel Trices statement regarding
increased deposits to-day, quite a
number of the leading business con-
Germs of Ybor City. which have not
heretofore patronized the bank of
Ybor. this morning transferred their
accounts to that institution. showing
their displeasure at the rumOr which
resulted in run upon one of the most
solid financial institutions of Tampa.
ia. l. l.