The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-01-10
INSIST ON HiII\G 7HEIR "RI ",
Small Dcpositors EnjON Themselves AZ
Banks Jhat Hou't care n lit.

For once bank officers had chance "a
study thr psychology Of "A run" without
any If the shivory feelings that usually
associate themselves with tha; phenom-
enon. Small d"positors from tho East
Side who don't read the newspapers :
tha, are printed in English and who didn :
understand thar J. p Morgan & Co. wer.
backing he Twelfth Ward Bank and the
Nineteenth ward Bank and that the
Equi'ahle Trust Company has bought
the Madison T-us' Company We're on
hand early - draw OFT lhair savings.
Their" vas plenty of cash tu Ine-t all de-
mand- and very naturally when IN. people
found they could ge' their money many
didn't want IT, With on. exception IN.
lines of waiting iapoSi'ors dwindled
away by lunch time and a considerable
number Of persons who had Withdrawn
money in The morning came back in the
afternoon to see if They would be allowed
20 deposit il again.
Inc biggest run "as on The interest
department Of the Nineteenth Ward
Bank main office al Third avenue and
Fifty-s"ven'h street The bank opened
at O'Clock. Al that time the line of
waiting depositors reached along the
side street nearly 10 Second ayenue. Mos,
of those in line were Of foreign birth and
q large percentage We're women. Those
who wanted their money got il as fast as
the tellers could handle the books.
Upstairs in the commercial part Of
the bank things we're quiet and there
was nearly rs much business done in
taking in money rs in paying it out. A
number Of people who wanted 10 max @
deposits with the interest depar, men,
telephoned THAT they had gone away
after seeing than the banks force was
busy, but would bo glad 10 make deposits
II messengers wor" sent for the money.
The Nineteenth branches at 1872 East
Thirty-fourth street, $50 East Seventy
second street and 2io Last Egh,y-six1h
street had less trouble than the main
bank. President Bradley Martin, .Jr.,
figured that the day'- Withdrawals from
the bank and It's branches were less than
million and NOR" than half a million.
There were som" iarg" deposits. The
bank had 81 5o0.oOo IN currency ON hand
when il opened for husin"~s and a little
after 10 O'Clock a 1aN,nth wlrh $3.50 600
on board came uptown from the Fifth
Avenue Bank This was largely a ulav
- reassure the foreign rl"mrut among
the depositors, who seemed - feed much
better when the contents Of IA" biz iron
box which had been carried INTO tb4 h,uL
were spread out on the counters Nnnv
Of the Russian women IN the iluc wanted
their money in gold.
President Frank Il. French of ,hn
Twelfth Ward Bank said late in the after
noon tina, he had been kept busy declining
oilers of assistance from half tho m"r-
chants Of his acquaintance. In" I'm.
~ the Twelfth Ward Bank was newer
long enough 30 extend out into the stree,
and II dwudled To almost nothing after
a. =, Nichols president Of the Harlem
Board Of Trad" came ~ and made a Spcach
- lhn uneasy d"posltors. Al the Twelfth
wards branch ~ Third avenue and
sixth street, "A larg" number of small
deposits wcr" drawn out but many We're
Put hack when the facts got abroad Al
IN" Fast llmh street branch there were
few withdrawals
The Ma'i.7"n Trust Company did
euSiness ia the usual way and the line