Los Angeles herald., 1910-05-04
ALL NIGHT AND DAY
BANK RUN Stops;
LONG SIEGE ENDS
The 0utfIoWing Stream of Gold Is
Checked by Restored Conf
denCe After 40 Hours
DEP0SITORS QUIT THE LINE
Many Who Drew Out Funds Re-
place Them-Bank Exam
iner Is Satisfied
DEP0SITORS QUIT THE LINE
A FTER almost forty hours of con-

A FTER almost forty hours of con-
II tinuous siege, the run on the
l. All Night and Day bank. corner
Sixth and Spring streets, was broken
last night, and long before midnight
the last of the depositors in the orig
inal lineup" had been paid in full,
and the bank has settled down to it's
regular routine of business.
The run, which began before o'clock
Monday morning, and which lasted un-
til about 8 o'clock last night, was as
remarkable yesterday as it was on the
first day, inasmuch as many interest
ing features characterized the financial
"bombardment," and the days pro-
cession through the crowded bank was
replete with sidelights.
One woman, near the end Ct the line,
who had been there from 1 o'clock
Monday afternoon until O'Clock last
night, camping on cracker box,
finally reached the window and pre-
sented her pass book to one of the
paying tellers. Her account consisted
of but $3.40. Immediately back of her
stood another depositor-a man about
sixty years old--who appeared hardly
able to stand up. He was next at the
window and withdrew $500.
Now that you have your money,
what are you going to do with it?"
someone asked him.
II just wanted to see if I would
really get it," the old man replied.
Now 1 see everythings all right, so
1 guess I'll put it back in"
Whereupon the old man hobbled off
to the receiving" window and imme-
diately placed his little fortune back
in the bank.
RE-DEPosIT THEIR MONEY
This was done by no less than
twenty-five depositors yesterday and
last night. By the time the run had
been broken, the deposits were twice
the amount of the Withdrawals, and
all day yesterday the deposits were
considerably in excess of the sums
taken out by uneasy patrons.
Never did we dream that we had
such loyal friends as we have found
since this trouble began" said Presi-
dent N. j. Skinner last night. 1--WE
have received an abundance of finan-
cial support, and moral encouragement
of which any great national bank
might we'll feel proud. We are not
going to forget our friends"
And for the first time since the rec
rd-breaking run began, the president
of the All Night and Day bank, who
has preserved a smiling and confident
demeanor throughout the ordeal, really
seemed deeply affected, and there were
1--WE have successfully survived the
longest and most determined run to
which any bank in the United States
has ever been subjected" said Presi-
dent Skinner ''and we have paid dol
lar for dollar, just as we agreed to
do Not only this, but our friends
have stood by us so loyalty and have
made such generous deposits that we
could have withstood the run, if neces-
sarv throughout the week.
up to Z o'clock tonight the run on
the All Night and Day bank, in point
of continuous duration, equaled a
seven day run on the ordinary insti-
tuition, which does business but five
hours, or less, day.
"It is a peculiar fact that many
bankers object to the nightand-day
bank. They prefer to maintain hours
which do not meet with the conven-
ience of the ge-earner. Many Il man
comes to us Saturday night and de-
posits his weeks wages who, if 1t were
not for our institution, probably would
be broke by Monday morning. We
Continued on Page Three)