Perth Amboy evening news., 1912-02-29
GIVEN
TO DEPOSITORS
Run on Rosett's Greater To-
day Than Yesterday Police
Keeping Crowd Orderly.
SPECTATORS ARE BUSY
Frightened Persons Refuse
to Believe Concern isSoI-
nt--Plenty Of Money.

With about 100000 already paid
out as result OF the false reports
which started a run on the bank OF
NJ. Rosett in State street yesterday,
officials OF the institution are work
ink Ike autOmatons today to satisfy
the hundreds of other depositors
who are crowding around the doors
of the place and bowling for their
money The bank is in excellent
condition, Manager TomaBchofr
states, and can easily stand the run,
but the depositors are too frightened
to listen to reason and insist on
withdrawing their accounts. 1t Is
expected that the run will subside
tomorrow and that many of the de-
positors will be asking the concern
to again take care of their savings.
There Is plenty of money on hand
and everyone is being paid on at fkst
as possible.
Police Handle Crowd.
A crowd OF several hundred peo-
pie congregated In front OF the bank
early this morning and remained
there until Q O'clock when the doors
crowd surged Into the b1ilding. The
pVAiScAlEu WSKS AOECcu ~ CdCbI lu9
place on advice OF Joseph r.. Strick-
er. counsel for the institution. All
of the doors are now locked and
closely guarded by employees OF the
bank and Patrolmen Tonneson, Harrs
tung. Dunham, +. G. Jensen ana
Hartmann.
Chief Of Police r. J, HnrANe 1urzs
veyed the scena4 .fffs morning and
gave dis men orders to preserve or
der st any cost. Several times today
the crowds became so troublesome
that Mounted Patrolman Hartmann
wes forced to charge them. Three
or four OF the depositors are admit
ted at time. They are then given
their money, after which like NUM-
| Der Is admitted
Joseph e. Stricker appeared be-
| fore the crowds this morning and
explained In their native tongue
THAT the bank was solvent and that
its real estate assets In this city
would overcome the amount depos-
/ tied with the local bank Mr.
Stricer also explained that the usual
saotice OF SIXTY days is being elimi~
i IS - ssd thar ,t the people became
~. !. de,,r- ii .sss 81 s. IS. =. a
c1oa1d xov fk6 s1izr an q
Are Prepared Nsjss liSs1iSs a 4
The clerks Honi Nav Fork. Jer~
sey City and local office Iii chargs
OF Armin Tomasehof. manager DIX
the local bank. worked until early
this morning to get the books III I
snaps and prenare the currency for
the rush. which WAS expected this
rsornire cssrtra~v - evrectettea- z
more depositors we're on hand today
than yesterday Mounted Policer
man Hartmann Is stationed on his
horse directly In front OF the main
entrance, 50 as to keep the door
clear.
Last night and this morning spec
ulators could be- seen among the
crowds offering to give $93 to $95
on their deposit slips OF 500. Some
OF the foreigners consented to this
plan and sold their deposit slips at q
loss OF SIS to $7 This morning when
the crowds became SO large they oc-
enpied large portion OF the road
and 1t was with difficulty that the
street cars and vehicles could make
q passageway.
Many foreigners pockets were bulE
ing out with currency for at the
bank 1880 silver dollars we're given
out this morning, and the paying In
silver someutiat retarded pT~ei ssss 81.
Max Ros~% OF New York. and Mr.
Tomaschoff are both OF the opinion
that fop-sht or tomorrow will see Z
the end OF the rush.