The Birmingham age-herald., 1910-01-26
RUN CONTINUES
 ON MEXICAN BANK Oyer Two Million Pesos Are Paid Out During the Day NO ONE FEARS A PANIC Assistant Manager of Mexico Branch of Bank of Montreal Takes
 Charge of Affairs and Han
 dies Run for the Day.
NO ONE FEARS A PANIC

Mexico City, January 25-The run on the United States Banking company of this city, which began yesterday after noon. continued today. From 10 o'clock in the morning until 4:3O p. m., except for Hull of an hour at midday, anxious depositors crowded the lobby of the in stitution and during that time five paying tel1ers were kept busy.
 The bank honored every check and it is estimated, unofficially, that fully 2,Ooo,- 600 pesos were withdrawn.
 James Forsyth, assistant manager of the Mexico branch of the Bank of Mon treal and who was yesterday placed in charge of the United States Banking company, tonight refused to discuss the banks condition after the run, or to eX- plain why large signs stating that the Bank of Montreal had assumed charge were taken down several hours after they had been placed on the building.
 The crowd began to assemble half an hour before the announced time of open ing. When the bank opened there was a crush about the paying tellers' windows which soon increased to an extent that 1t was necessary to convert bookkeepers and receiving tellers' cages into pay ing tellers' compartments. Many women were in the crowd and some Of them were roughly jostled by the men.
 Early in the day huge placards an nouncing that the Bank of Montreal had assumed charge of the affairs of the United States Banking company flor the present" were posted. These appear ed to have the effect of restoring confidence in a measure and toward noon the hne diminished, until only a few persons wers about the windows.
 Shortly after noon for some reason which the officials of the bank decline to explain the pIacards were removed whereupon the run was resumed with renewed vigor.
 The manager of the National Bank of Mexico denied that that institution was behind the United States Banking com pany in its present difficulties, as was said by Mir Forsyth last evening to be a fact. The Mexican banking official said he believed the Bank of Montreal would take care of the situation.
 Visits to other representative bank CTS elicited the information that they foresaw a week ago the run on the United States Banking company and had prepared to meet any possible emergency. Cash was piled high in the vaults of every financial institution here, but no sympathetic run occurred and no one fears a general panic in Mexico City.
 George I Ham, formerly president of the United States Banking company, and who until he turned over to the institution practically all of his pos sessions was the heaviest stockholder, was not at the sanitarium where he was yesterday reported to have taken refuge. He left that institution early today. Neither could he be found at his home nor any other place. The Mexican National Packing company, of which John W. Dekay is president, and which is said to be heavy creditor of the bank, denied through it's general manager that it had gone into the hands of a receiver or was in any wise affected by the situation of the United States Banking company.
 Rumors that the concern had been adversely affected were current.
 No official statement of the con dition of the United States Rankin g company has been given out. Rumors to the effect that while depositors will all be paid in full, the stockholders will lose were neither affirmed nor denied authoritatively.
 Telegrams from New York and other cities in the United States and from points in Mexico poured into the bank ing houses here today. Most of them were requests for information as to the possibilities of d panic. Assurances Nere given to the senders that they had nothing to fear.
 The eight million pesos on deposit with the United States Banking com pany are from people of every nation : ality represented in Mexico, and many Americans and Canadians are among the number. Amounts withdrawn ranged from one peso to 25,000 pesos. Many single checks called for 10000 pesos.
 Very little silver was used in payins demands, paper money chiefly beine aiven. This Is the first run on banl to occur here in many years. The in cfdent created a tremendous sensation and was the principal topic of conver sation.