Evening star., 1907-10-23
MANY DEPOS|TORS
CLAMOR FOR MONEY
Another Trust Company Suf-
fers Heavy Run.
OVER IN NEW YORK TODAY
Trust Company of America in Fl
nancial Limelight.
THREE PAYING TELLERS BUSY
Knickerbocker Trust Company
Acknowledges That It Is Unable
to Open Its Doors.
Trust Company Of America in Fl
nancial Limelight.
THREE PAYING TELLERS BUSY

" OpCA Al6 AOO4o.
A heavy run of depositors on the
Trust Company of America in New
York today to withdraw money
served to continue the nervousness
in financial circles, brought about
by the developments in the Morse
Heinze-Thomas banks last week
and the closing of the Knicker-
booker Trust Company yesterday.
1t was stated today that the Knick-
erbocker Trust Company would
not reopen its doors. Although no
official statement was made upon
the subject or was obtainable, it
was learned on very good authority
that the amount of cash deposited
with the New York banks by the
Treasury Department today
amounted to about $Io,ooo,OOO.
Special Dispatch to The Star.
NEW YORK, October 23.-A run simi-
lar to that which forced the Knicker-
booker Trust Company to close its doors
Trust Company of America, at 81 Wall
street, and the Colonial Trust Company,
it's lately acquired branch in the ST. Paul
building, at Broadway and Ann street.
By the time the Office Of the company
opened, at 10 o'clock, there were over 800
persons crowded about the narrow en-
trance of the Colonial Trust Company.
and so great jam Of depositors and
others about the Trust Company Of
America. in Wall street, that the police
had to be called out.
already acknowledged that it is unable to
open it's doors. Acting Superintendent
of State Banking Department Skinner
posted a notice at 10 o'clock on the doors
of the Fifth avenue branch of the
Knickerbocker Trust Company announce
ing that he had taken possession of 1t.
Bank examiners from his department
have assumed charge of the Bronx, Har-
lem and lower Broadway branches.
At all the offices of the Knickerbocker
Trust Company there was a dense mass
ther developments. Considerable excite
ment existed, but no rioting has been re-
ported.
Examiner SINNERS Statement.
Bank Examiner Skinner gave out the
following:
Under the advice Of the attorney gen.
eral, 1 have taken possession of the
Knickerbocker Trust Company and its
branch offices.
THE support to this institution which
was expected has not been furnished
"A bank examiner Is in charge OF
each branch office. Payments will be
trust company, but no payments, will
be made by the examiners in charge.
Payments should be made in cash.
IolldteTdl Will NOT D6 until
it is shown that it is not pledged for
other indebtedness to the institution
President Oakleigh Thorne of the
Trust Company of America was early
on hand in the Wall street office, aIf.;
with him at Z o'clock this morning
were all the officers of the company.
He said that the trust company had
plenty of money to meet all demands
and that he anticipated no trouble, al
though he spent number OF 1Durs
last night in conference with pJomi-
nent bankers. making arrangements for
assistance that might be needed
Treasurer H. B. Fonda of the COM
pany said at 1915 o'clock that there
was no cause for alarm and that the
company had enough funds on hand to
meet every demand. whether for cash
or certifications.
900 Persons in Front of Building.
At the time he spoke there were close
to 1000 persons before the building in
Wall street and nearly as many more
in front of the Colonial Trust Com
pany's Offices in Broadway.
Officers of the company later declared
that they had about $11 100000 IN hand
to meet the run.
The expected run on the Trust Company
Of America. at 81 Wall street, started
promptly when the doors of the institu-
ton were opened.
Although the crowd was permitted to
enter the trust company's Offices at Q
o clock, it was said no money would be
paid out until 10 o'clock
Between 8 and 9:3O o'clock sthe number
Of anxious deposltors increased twofold
and the attendants of the bank requested
them to form In two lines. These extended
from the paying tellers' windows to the
street.
There were few women in the crowd.
The trust company officers said most of
the men were clerks who had small ac-
counts in the institution.
The first depositor to station himself
outside the institution this morning was
man named Donahue. a coffee broker.
who is said to have had an account of
$500. He arrived on the scene before 7
o'clock
One of the features of the two lines
formed In the larDe corridor moe .h,x :.