New-York tribune., 1907-10-24
COMPANY MEETS RUN.
Trust Company of America WM
ReceiUe AL Needed did.

There were runs yesterday from o'clock in
the morning 10 o'clock in the afternoon the
main office of the Trust Company of America. at
No. 80 Wall street. and on the Colonial Branch,
at No. 222 Broadway All depOsitors were paid
promptly at both offices. however. and when the
paying windows We're closed at o'clock it was
announced that payment would be resumed at
o'clock this morning. At both offices over six
hundred deposltors paid and it was esti
mated that there close to nine hundred
waiting in line when business stopped for the
day.
President Oakleigh Thorne of the Trust Com
pany of America announced at midnight that
his company would open for business at the
usual hour to-day with ample funds to meet
all claims.
The banks which gave aid to the Trust Com
pany of America were the National City and the
Hanover National of the Standard oil group.
and the First National and Chase National. of
the Morgan group. II was rumored that paving
depositors would continue all night at the trust
company's offices. but prominent banker said
last night that such a course would have been
foolish There will be further aid extended to
the Trust Company of America to-day to what
ever extent it may be needed. and the officials
are confident that the run will be at an end be-
fore O'Clock
CRISIS NEARLY OVER"
N-N A-N
OF the city, who extended important aid to the
Trust Company Of America yesterday and will
continue to do to-day, said last night:
This crisis will be over when the depositors
stop TO think and really come to a realization OF
how foolish what they are doing is To-day, l
am confident, the publics excitement will be
allayed and then confidence will be rapidly re-
stored. The Trust Company of America. depos-
itors may rest assured. will receive all the out
side assistance that is needed. It called loans
heavily to-day and took in large amount of
cash which is hand 10 turn over to the de-
positors to-day fast the paying tellers can
count il out The public will tire drawing its
money out Of the Trust Company Of America
long before all the deposits have been with
drawn but the company is ready to keep on
paying out cash until every depositor is satis-
fled"
Vice President Babcock. of the Trust Com
pany of America. speaking of the on his
bank said last night
After one OF the most remarkable runs in
the histore OF banking. will open our doors
as usual tomorrow. We paid all checks to-day
as fast as they were presented. and will do so
tomorrow. The Trust Company of America is
perfectly solvent"
S1OOOOOOO PAID OUT.
1t was announced at the close of business at
3 O'Clock that S1OOO0OOO had been paid out to
tlg company Three paying tellers handled the
money at three adjacent windows. Inspector
Cortright and a squad of thirty special police
men had little difficulty in preserving order as
the waiting depositors were not inclined 70 be
unrulv A squad of mounted police did not have
such an easy time keeping Wall street clear in
front of the main offices Of the company
One depositor who stopped to talk to the re-
porters after he had withdrawn his money. said
md iur
to $4,000 because he felt it his duty to do so, but
was leaving his own private account of over
s1oo OO0 in the bank and felt fears for its
safety.
In at the Polo Grounds late every Saturday
uhen q game is on the chute from the elevated
station is jammed with a mass of anxious.
iostling persons each wearing the expression
of a man who is afraid that the fire will be
out before he gets there. Take that crowd and
set il down in Wall street, east of No %, and
Won have the same one that was trying TO get
into the Trust Company of America yesterday
At its branches and those of the KnickerbOcker
comnanv one could have found the stragglers
that make for the bleachsrs up to tho ball
grounds.
Everybody was in a hurry-a desperate ner-
yous haste-but the wigwaGging arm of
the man on horseback either kept them chained
in one place in line for hours or else kept them
moving. Acquaintance might not shake hands
A hello" to a friend was enough to bring a
couple of mounted officers down with rau-
cous command TO Keep moving! If one did
not heed the horse simply walked on him Up
in Chinatown, when the tongs were busy re-
ducing the membership of their rivals, the po-
lice we're not more anxious to keep things
moving
The one thing that did not keep moving
the long line which stretched from the outer
doors of the trust company down Wall street
and around the corner far down William street.
The scientist, skilled in measuring the move
ment OF a glacier. might have estimated the
movement OF that line. but no layman. The
bank people declared that they were paying
everybody as fast as they could. but their
statement never would convince anybody In
that anxious line, any who had
watched it,
The few women who had held places in the
Continued second page.